Top 6 myths associated with Precious Metals online

Introduction:

Everyone knows that investing in precious metals is a wise strategy. Traditionally precious metals like Gold, Silver, Platinum and Palladium have been a great defence against the ravages of inflation. This however was in many ways a rich person’s game. With time, digitization and of course the spread and penetration of the internet, a lot about investing in precious metals has changed. In this blog, we will try and dispel a few myths about investing in precious metals online.

Myth 1: 

Investing in precious metals online is a rich person’s game The internet is a great leveller, and investing in physical precious metals used to be an expensive affair; today it isn’t so. eBullion, powered by Hindustan Platinum, is revolutionising the process of investing in precious metals online, through its app and website. Through these two channels, one can begin their path to prosperity with an investment of as little as Rs. 100.

Myth 2: 

You don’t own the gold you invest in Absolutely untrue. Unlike with Gold Exchange Traded Funds and Gold Sovereign Bonds, where you own only a small part of the gold you invest in; investing in the precious metals with eBullion means you own the gold you paid for 100%

Myth 3: 

Digital precious metals are not pure The absolute inverse of this is true. eBullion, powered by Hindustan Platinum, a London Good Delivery Brands partner, vaults precious metals from reputed brands, which is a guarantee of 100% purity.

Myth 4: 

Buying digital precious metals means a lot of paperwork This is a complete falsehood. Just like with a demat account, an account created on eBullion’s app or website, comes with a completely paperless KYC process, that is completed with minimal fuss. What’s more, every transaction conducted on the app or website, yields an e-receipt that is stored within the app, making the investment process seamless and transparent.

Myth 5: 

You cannot convert digital precious metals to physical ones Another absolute myth. When you invest in digital precious metals, you can redeem them at any time for their physical form. For instance if you make a purchase of digital gold through the eBullion app today, you can redeem the same at any given time in the future. What’s more your physical precious metals will be delivered to your doorstep, or can be redeemed for said physical metal from any one of our partner locations.

Myth 6: 

You can only invest in gold and silver digitally eBullion does not restrict your investments in precious metals to just gold and silver. We are the pioneers in helping you expand your precious metals portfolio to platinum and palladium as well. These two metals are considered rarer than gold and have numerous industrial applications. This means that they are always in high demand and therefore allow you to make a handsome return on your investment. In fact eBullion is powered by Hindustan Platinum, a London Good Delivery Brand in Platinum and Palladium, and is one of the world leaders in the refining of Platinum and Palladium.

Conclusion:

There are many myths surrounding investing in precious metals online, and we are glad to help make your investment decision easier, by helping dispel a few of them. For any other questions you may have about investing in digital precious metals, do reach out to us on social media or request a call back at +91 99200 43000.