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No matter past, present or future, Gold holds the highest amount of importance when it comes to commodity trading. From the start of the first civilization, Gold always had its position and worth, whether in the form of jewelry or currency. With the passage of time, Gold has become more worth and expensive and is hardly in the reach of a common man.
However, for the commodity trading businesses and markets, Gold is considered to be the most stable and reliable instrument. Even in the times when the entire world’s markets were shut down due to the COVID-19 situation and its impact on the world’s economy, Gold remained to be stable and its value appeared to be unscathed.
Since the invention of internet in the entire world and introduction of online trading, online commodity trading has been one of the most demanded trading types of the online platform and has played a significant role in increasing the value of gold over the past two decades’ time.
Now, people have started seeing the importance of gold through online trading platform. Although, people consider gold to be the safest investment, especially when the entire world faced the pandemic, still people are now leaning towards the paper and digital form of gold rather than sticking to the physical gold bars, jewelry and coins that are hard to carry and have become old fashioned.
People now find paper and digital gold trading to be more convenience than the physical and have no fear of getting robbed by thieves who most of the times keep a close check on people doing these kinds of trades and find the right time to catch them and deprive them of their precious gold.
One of the senior executives (Shantanu Sharma) at a Gurgaon-based tech firm that goes by the name Inbox Network, recently stated that he has gradually started to move his deposits from his bank to the blockchain-based platforms and he will continue to do so until his bank account is with no savings. Shantanu Sharma has also stated that he is fond of investing in the cryptocurrency and blockchain. Additionally, he has expressed so much satisfaction mentioning that his most profitable investments come from gold commodity trading.
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