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I saw some similar websites with this idea, the issue is that gold has a high value and needs an expert to verify it so people can buy it, and as a small unpopular website, i guess it's gonna be a hard start
This will only be temporary because not even 1% of people will be interested to buy gold online after this pandemic is over and it's just for this short time that you will see online sales working for gold. I also think that price of gold is low so it's also a reason.
never try it online always try the local dealers or legitimate companies. Gold is not like crypto, that you can buy online
I like the KYC security measures adopted by your country, it will make the trading very safe , when I saw this thread my mind goes straight to scam and safety. Lots of people selling gold in my country are doing offline not yet online.There are few apps in my country selling and buying gold exclusively but only for local people (they ask for national id verification etc). You store your gold "digitally" but if you reach at least 1 gram you can ask for your gold to be sent physically to you for a small fee. It comes with national certification and all. In general the trend of investing in gold seems to be increasing here since few years ago. A lot of e-commerce, marketplace, or even mutual fund apps offer gold cashback.
I like the KYC security measures adopted by your country, it will make the trading very safe , when I saw this thread my mind goes straight to scam and safety. Lots of people selling gold in my country are doing offline not yet online.
Now I grabbed your point, so if for instance your store your there when the price is $0.7 you will leave it there till when the price rise to your desire price for sales right likewise you can't have physical gold right?To be fair it's not a P2P trading. The only gold you can sell is the gold you buy in that app and still stored digitally there.
For people who are good with managing money they probably won't need the app unless they just want to avoid storing the gold physically with them. It's mostly for people who are bad with managing money, since you can start your gold saving only from around $0.7. So once you put your money there you have no choice but to keep saving until it reaches at least 1 gr.
Now I grabbed your point, so if for instance your store your there when the price is $0.7 you will leave it there till when the price rise to your desire price for sales right likewise you can't have physical gold right?
Thanks, I guess those legit apps engaged in buying and selling of golds are only restricted to your country alone right ? It is also possible to monitor the price of gold through the apps?.You can have physical gold sent to you but only if it reaches at least 1 gr. Likewise, you have to have at least 1gr to sell it there. But yeah, you can buy 2 gr of gold when the price is $50/gr then sell it when the price is $60/gr.
Thanks, I guess those legit apps engaged in buying and selling of golds are only restricted to your country alone right ? It is also possible to monitor the price of gold through the apps?.
To an extent gold differs from Bitcoin in terms of price regulation. I don't think it will be tedious setting up your online shop or market place, provided your business is legit and you have the marketing skills online, easily you can .Well gold is like bitcoin where the price rises over time, though setting up an online shop with gold might be either ok or tedious depending on your location
Well gold is like bitcoin where the price rises over time, though setting up an online shop with gold might be either ok or tedious depending on your location
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