Forget the days of heavy gold bars and worrying about safe storage. Digital gold is revolutionising the way we invest in this timeless asset. But is digital gold a good investment? Spare8, a pioneering micro-investing platform, takes it a step further by offering a seamless ecosystem for buying, selling, and additional services like digital gold leasing, making digital gold a good investment for young investors like you!
Why Digital Gold?
Investing in physical gold can be cumbersome. The Spare8 microinvesting app eliminates the hassle of digital gold. Imagine buying and selling gold with just a few taps on your phone, from as low as ₹10! Gone are the days of worrying about theft or bulky storage lockers. Digital gold is stored securely in insured vaults with complete transparency. Plus, it’s a fantastic hedge against inflation, making it a significant addition to any investment portfolio.
Unlocking Extra Value with Gold Leasing
Spare8 doesn’t just let you buy and sell digital gold; it lets your gold work for you. Gold leasing allows you to earn a return (up to 16% p.a.) on your existing holdings. Think of it like earning interest on your gold – your idle asset becomes a passive income generator! This is a fantastic way to maximise your returns, especially compared to traditional options like fixed deposits or SGBs, where you can potentially earn double the returns.
How Spare8 Makes it Easy
The Spare8 micro-investing app boasts a user-friendly interface that makes investing in digital gold and leasing a breeze. You can start with as little as 0.5 grams of gold and watch your investment grow. The leasing process is transparent; terms are clearly outlined, and returns are calculated daily and credited to your account at the end of the month. It’s that simple!
More Than Just Buying and Selling
Spare8 goes beyond just buying and selling gold. Here’s what sets them apart:
- Round-up Savings (Android): This feature automatically rounds up your spare change on everyday purchases and converts it into digital gold, making saving for your goals effortless (Android users only, for now!).
- Instant Liquidity: Need cash quickly? Spare8 allows you to easily sell your digital gold and access your funds instantly.
- Physical Delivery: Love the feel of real gold? Spare8 allows you to convert your digital holdings into physical gold coins or jewellery through trusted partners like Kalyan Jewellers.
- Security & Trust: Spare8 prioritises security. Your gold is stored in Augmont vaults, a secure facility with frequent independent audits. Additionally, Spare8 uses 256-bit encryption, the same standard used by banks, to ensure your information is always protected.
- Zero Fees: That’s right, there are no hidden charges or platform fees when using Spare8. You only pay for the gold itself.
Invest Smarter with Spare8
Spare8 is the perfect platform for young investors looking for a secure, convenient, and profitable way to invest in gold. It seamlessly blends traditional assets with modern technology, offering an unmatched experience. Download the Spare8 app today and unlock a world of possibilities with digital gold and gold leasing!