Furthermore, new methods for the buying of gold have been created through online platforms, even though the physical trade still exists. In this post, we’re going to examine the buying of gold through physical and online platforms – why it still happens and which is the best way to do it.
There are 2 kinds of people interested in trading gold – speculators, and investors. The former, speculators, are those people who buy gold just so that they can make a profit from the changes in the value of gold. Speculators have no actual need for physical gold, and they will primarily purchase their gold online. For investors, they see gold as a solid form of investment for the long-term. The reasoning behind this is actually very simple, gold will appreciate over time because there is more demand for it that there is supply. When something is in high demand, its value goes up. For gold, the value rises exponentially because the gold reserves are finite, so it will always have value.