Paytm is an Indian based company that was founded in 2010 as an online payment system and digital money wallet provider. They recently launched a facility that enables investors from around the world to constantly buy and sell gold twenty-fours a day, every day of the year. Trading is carried out with 24k gold with a purity of 999.9%.
Buying And Selling Gold
The system is known as the Gap Accumulation Plan (GAP). Investors can view the current gold prices online at any time. Live prices remain online for no more than six minutes before being updated, guaranteeing that investors have the most accurate information before them to help them make a decision. Transactions can be made in fractions or grams of 0.1. Purchased gold is stored in vaults that are guaranteed to be absolutely safe.
Read more: Rhodium: The World’s Most Expensive Metal
Redeeming The Accumulated Gold
Gold in an investors account can either be exchanged for physical minted products such as gold coins or sold back to Paytm through their online platform. Money earned from this latter method is accredited to the vendor’s bank account.
There is no interest added to gold deposited into Paytm accounts and the value of transactions are dependant on the applicable market rates like any other commodity resulting in investments increasing or declining. Investors can decide to buy or sell at any time of the day every day of the year and don not have to subscribe to a regular purchase plan. Online digital gold can be stored in a Paytm account for up[ to five years. However, if an account has not been used for six months it is considered to be inactive and can be closed by Paytm. The funds are kept separately and it is up to the investor to prove their identity beyond doubt before being allowed to receive the value of the account.
The Value Of Gold
As an investment, gold is considered to be one of the safest options when dealing in precious metals. Unlike other commodities, pure gold is far more reliable in promising to increase in value. For at least the last decade gold has steadily increased in price on the stock market and is one of the most popular investments. However, unless you have experience in dealing with stocks and shares, you will no doubt need the reliable advice of a company such as Indigo Precious Metals who can safely guide you through the process.
Steps to redeem SIP investments
The Importance Of Intellectual Property To Investors
Best Ways to Determine ULIP Returns