Trading gold can be profitable, although it requires time, patience, and attention to detail. Many serious investors like to add it to their portfolios to protect against more volatile assets such as Bitcoin and some stocks. Like Bitcoin, which has a limit, supply and demand affect gold prices. The mobile application provides information such as news about gold investments, trading recommendations and charts, and is the first gold provider to operate as an agency, instead of debting its own gold.
Additionally, it offers the option of Buying Gold with IRA for those looking to diversify their retirement savings. The platform also offers customers the first branded prepaid MasterCard card that allows gold to be converted into cash, since the card is linked to the value of physical gold stored in a vault. Gold mining is a waste, but that waste is much less than the utility of having gold available as a medium of exchange. Gold has been a popular source of income for many for centuries, but in recent years, retail customers have found it increasingly easy to buy and sell the metal, as it would be with any guarantee. The thing to keep in mind about gold is that it's not a “get rich quick” scheme, meaning you'll need a solid long-term investment strategy to make a profit from gold.
Active gold mines are constantly increasing the supply of gold, although the exact rate depends on the price of gold.