The price of gold is on an all-time high. According to a recent Straits Times article, it rose to dizzying heights early last month, driven by a softer US dollar and fears over the global economic fallout from the surging Coronavirus cases. Spot gold was up 0.1 per cent at US$1,976.47 per ounce, after hitting a record high of US$1,984.66 in early Asian trade.
Likewise, gold has always maintained its value in the long term, so there is no reason you can't seek money-making opportunities to shore up wealth for rainy days, or gain passive income at your fingertips.
If you are looking for a safer approach to investments during this volatile time, consider gold trading with Singapore-based fintech company, Everest Gold.
It is the first-of-its-kind digitalised gold trading platform in Singapore and Asia, backed by 100 percent real gold. Regulated by the Ministry of Law (Precious Stones and Precious Metals Act 2019), Everest Gold retails gold at wholesale commodity prices, making the precious metal accessible to everyone via an ultra-low investment threshold of 0.01gram (~USD0.60).
Its state-of-the-art trading platform is designed to let you make investments intuitively; trade 24/7 on-the-go with zero transaction fees, and discover what it is like to own the absolute pricing of gold. The stability, profitability and flexibility of buying and selling gold in just a few simple steps is yours to enjoy from the privacy of your smartphone or laptop.
What's more, you can have full control over the price you wish to buy and sell your gold. For instance, if you’re holding on to 50g of physical gold today and you wish to sell it for monetary returns, the price of the day is fixed by banks and gold dealers but at Everest Gold, you can ride on the price fluctuation and set your preferred selling price on the 'Order Book' in-app. Your Everest Gold Units (EGUs) will be sold once your preferred selling price is matched. Your profit will be credited and you can withdraw it instantly.
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All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.