Hello Hive Fam!
Hope you are doing well and having a great time wherever you are in the world.
I have been a traditional investor for a very long time. When I say traditional investor, I am kind of an investor who has been investing in different assets through traditional means. For example, I have been investing in gold, and it was physical gold, but I did not invest much in the jewellery because there is always a making charge, so I have been investing in 24 karat gold for a very long time. My investment in Digital Gold started this year, only when some of my friends suggested that I do that, so you can say that I'm not very much into the digital evolution when it comes to investing, and another example is that I started investing in crypto, which is also just less than one year old.
Now I enjoy this journey because I can do a lot of things digitally, and I don't need to go anywhere, which saves time and gives me more flexibility to do research and take action accordingly. And for sure, crypto is one of them, where everything is digitally possible. There was a time when I used to visit a broker's office or call them for all my stock investing because I was not feeling comfortable doing it online. However, I adopted that, but the transition took time.
With digital forms of investing, things have become easy, and because of that, I could start investing in gold, which is digital gold, and I'm happy that I started it, even though it has not a very long time, but still I'm happy with whatever it is. Today I was checking the prices for gold in the market, and I could see that a nice price appreciation has happened in the last year in gold prices. If you look at the chart in one one-year window, you'll be able to see that the price was 80K around one year back, and there has been a continuous uptrend in its price, which is currently 1.2 lakh, so a 50% growth there, and from the traditional investing perspective, this is awesome.
With the asset like gold the kind of appreciation people expect is generally 10 to 15 percent and they are happy with it but if they get appreciation like this it makes them super happy because I have not seen this kind of returns on the gold for a long time but now it seems like this is the time for the gold so people who invested on gold a long back which is probably for five years then they must be happy on their investment.
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Currently, it is hard to say what will be the next move for the gold prices, but it is really good. Since I already invest in digital gold through an automated SIP so I'm happy because I'm not required to do anything, and the app itself does everything for me. And all I do is fund the bank account. I have already discussed that app, which is called Gullak, that allows the purchase for any amount, and the entire process can be automated, so no manual intervention is required with gold or silver investing. Thank you!
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