IS DIGITAL GOLD GREENER? NOT EXACTLY, NOT NOW

In the future we can see facets like decentralisation, sustainability and the crypto-complementary power emerging strong with Digital Gold. But where? And how does it stack up against alternatives like bonds, ETFs and against worries like inflation, hidden costs, regulation, scarcity, fractionalisation, liquidity, privacy, and speculation? Tarusha Mittal, COO & Co-Founder, OroPocket rubs away some dust and melts away some doubts about Digital Gold in this interview.

- Pratima Harigunani

What makes digital Gold a better asset or investment option than other assets (especially traditional gold and commodities)?

Gold has been a reliable and consistent investment option for Indians for a long time. Apart from being revered as a status symbol, gold as an investment makes for a stable and secure asset. As the digital world has accelerated, there have been quite a few revolutions in the global markets including digital assets. Gold as a digital asset provides numerous benefits in today’s day and age where people are accustomed to investing with a few clicks on their smartphones. Not only does digital gold provide the authenticity and reliability of physical gold, new products and services pop up nearly every day to ensure that investors have multiple trustworthy options too. With our Auto-Invest Plan, for instance, we allow users to invest in digital gold and silver in the form of an SIP that can go as low as ₹100 per day. Such innovative options allow these investments to be inclusive, reasonable as well as act as a protection against inflation and market volatility. We also have an option of pay via UPI, under which a person can easily liquidate their investment and digital gold as real money for day-to-day transactions, just scan and pay as simple as that.

How does it compare to sovereign bonds and ETFs?