• Contact now
  • FAQ
  • Home
The Daily Voice News
Advertisement
  • Auto
  • Business
  • Education
    • Career
  • Fashion
  • Finance
    • Stock Market
  • Health
  • Home
    • Food
  • Law
  • News
    • Entertainment
    • Gambling
      • Casinos
    • Dating
    • Pet
    • Science
    • Sports
    • wedding
  • Real Estate
  • Shopping
  • Tech
    • SEO
    • Technology
  • Travel
    • US
    • World
No Result
View All Result
  • Auto
  • Business
  • Education
    • Career
  • Fashion
  • Finance
    • Stock Market
  • Health
  • Home
    • Food
  • Law
  • News
    • Entertainment
    • Gambling
      • Casinos
    • Dating
    • Pet
    • Science
    • Sports
    • wedding
  • Real Estate
  • Shopping
  • Tech
    • SEO
    • Technology
  • Travel
    • US
    • World
No Result
View All Result
The Daily Voice News
No Result
View All Result

Things To Know Before Investing In Gold or Bitcoin

Claire Jesse by Claire Jesse
in Business
0
Things To Know Before Investing In Gold or Bitcoin

A recent survey reveals that bitcoin has become a preferred investment choice among investors than gold in Australia. Out of the 2,000 investors who participated in the program, about 12.5% held cryptocurrency, while 12.1% invested in precious metals.

But the perception of Bitcoin as a safe investment tool is quite debatable. Though it has upheld its value amidst the global slowdown due to the ongoing pandemic, you need to compare the two asset types to determine the better investment option. It is best to consult experts like Gold Bullion Australia, to decide whether bitcoin can replace or compete with gold to hedge and diversify your portfolio.

Here are a few key aspects that will help you choose the better trading and investment instrument between gold and bitcoin.

Investing in Gold

In 2020, Australia produced the country’s best gold yield in two decades, around 320 metric tons. Experts predict the value to reach a peak of about 380 metric tons by next year.

Aussies purchase this precious metal to diversify their investment portfolio and use its price fluctuations through financial instruments such as ETFs.

Top specialists can help you with the gold purchase and its investment to ensure long-term balance in your prudent investment profile.

Investing in Bitcoin

In 2017, the Australian government legalised cryptocurrencies, subject to the AML/CTF 2006, section 5, and other applicable rules. And according to the legislature, bitcoin is a property and subject to CGT.

Recently, major Australian investment management firms like Pendal Group suggested moving from gold to bitcoin. Also, capital cities like Perth and Sydney have become hotspots where bitcoin transactions happen extensively. Such opportunities can compel you to use this digital currency to make transactions and investments.

Safety and Legality

Though AUSTRAC and ASIC have initiated more robust regulations for bitcoin trading in recent years, gold has been a more trusted investment asset. The reason being that gold offers transparency in trading, with the National Measurement Act 1960 and National Trade Measurement Regulations 2009 regulating its trade.

On the other hand, bitcoin has an encrypted, decentralised system, making it difficult to corrupt. But its infrastructure is still weak with safety concerns.

Industry leaders like Gold Bullion Australia provide a secure, custom-built facility where your gold can remain safe. And they regularly audit to ensure compliance, accuracy, and transparency.

Availability

Australia does not count among the world’s top 10 places for bitcoin usage, yet it boasts an increased BTC use in cities, including Melbourne and Sydney.

On the other hand, soon, the country will become the world’s largest gold-producing nation, overtaking China, with gold exports estimated to exceed an AU$ 26 billion mark.

While bitcoin experts can predict cryptocurrency availability, Gold bullion consultants are aware of the gold mining trends in Australia. And considering the current gold reserves, they suggest investing in the precious metal through your superannuation fund portfolio for proactive wealth management.

The Volatility Factor

Historical data, by and large, indicates that bitcoin is highly volatile, as investors’ decisions can fluctuate their prices quickly. While the bitcoin rates in Australia increased from $1,000 to $20,000 in 2017, they fell to around $7,000 in 2018.

On the other hand, gold is relatively less volatile than every other investment option, and market risks do less harm to its price. Top consultants understand the market conditions and can help you sell your gold assets at the best rate possible.

The Verdict

While the RBA is working on a digital blockchain version of the Australian dollar to explore bitcoin trading options, experts still consider gold a less risky investment. And with Australian shares hitting a 13-month high on gold in recent months has made the notion stronger.

If you want to invest in gold, discuss your portfolio diversification options with a reputed gold bullion dealer. Rest assured, you can lead a peaceful life in Australia, with the assurance that gold investment will keep your savings well-preserved for the future.

Previous Post

How Do DIY Home Security Systems Work?

Next Post

How to Choose Indoor House Plants

Related Posts

Are Commercial Cleaning Companies Worth It?

Are Commercial Cleaning Companies Worth It?

by Claire Jesse
March 16, 2023
0

Your business is a considerable investment. Thus, you need to ensure the business environment is clean and safe to ensure...

What is DevOps as a Service?

What is DevOps as a Service?

by Claire Jesse
March 8, 2023
0

DevOps as a Service (DaaS) is a cloud-based service that enables companies to rapidly create, deploy, and manage applications on...

How Do Cleaning Franchises Work?

How Do Cleaning Franchises Work?

by Claire Jesse
March 2, 2023
0

Cleaning franchises are a great option for anyone looking to take control of their career and change the way they...

Flexibility and Corporate Culture From Evan Rubinson 

Flexibility and Corporate Culture From Evan Rubinson 

by Claire Jesse
February 24, 2023
0

Evan Rubinson has a long history of being an entrepreneur. He has founded several successful businesses and knows a lot...

Benefits Of Using UV-LED & Eco-Solvent Roll To Roll

Benefits Of Using UV-LED & Eco-Solvent Roll To Roll

by Claire Jesse
February 8, 2023
0

Technology is changing as time goes by, and life is getting easier because new and advanced machines are being produced...

Load More
5 Online Solutions Towards Comprehensive Health Care

5 Online Solutions Towards Comprehensive Health Care

March 16, 2023
Are Commercial Cleaning Companies Worth It?

Are Commercial Cleaning Companies Worth It?

March 16, 2023
How to choose the best DTH connection? Read on!

How to choose the best DTH connection? Read on!

March 9, 2023

Recent Posts

  • 5 Online Solutions Towards Comprehensive Health Care March 16, 2023
  • Are Commercial Cleaning Companies Worth It? March 16, 2023
  • How to choose the best DTH connection? Read on! March 9, 2023
  • What is DevOps as a Service? March 8, 2023
  • Maximizing Value When Selling Your Car for Scrap March 2, 2023
  • How Do Cleaning Franchises Work? March 2, 2023
  • ULIPs And Taxes February 28, 2023
  • Engage With Cirque du Soleil During Your Spring Break Celebrations For Memories You’ll Never Forget! February 25, 2023
  • Flexibility and Corporate Culture From Evan Rubinson  February 24, 2023

2023

  • – March (6)
    • 5 Online Solutions Towards Comprehensive Health Care
    • Are Commercial Cleaning Companies Worth It?
    • How to choose the best DTH connection? Read on!
    • What is DevOps as a Service?
    • Maximizing Value When Selling Your Car for Scrap
    • How Do Cleaning Franchises Work?
  • + February (11)
  • + January (8)

2022

  • + December (25)
  • + November (12)
  • + October (7)
  • + September (15)
  • + August (16)
  • + July (10)
  • + June (7)
  • + May (14)
  • + April (10)
  • + March (32)
  • + February (12)
  • + January (9)

2021

  • + December (11)
  • + November (7)
  • + October (11)
  • + September (14)
  • + August (8)
  • + July (11)
  • + June (10)
  • + May (6)
  • + April (21)
  • + March (14)
  • + February (6)
  • + January (16)

2020

  • + December (14)
  • + November (17)
  • + October (16)
  • + September (5)
  • + August (8)
  • + July (5)
  • + June (7)
  • + May (5)
  • + April (16)
  • + March (11)
  • + February (7)
  • + January (5)

2019

  • + December (2)
  • + November (1)
  • + October (2)
  • + September (1)
  • + August (1)
  • + July (7)
  • + June (8)
  • + May (13)
  • + April (10)
  • + March (4)
  • + February (2)
  • Auto
  • Business
  • Education
  • Fashion
  • Finance
  • Health
  • Home
  • Law
  • News
  • Real Estate
  • Shopping
  • Tech
  • Travel

© 2022 The Daily Voice News. All Rights Reserved.

No Result
View All Result
  • Contact now
  • FAQ
  • Home

© 2022 The Daily Voice News. All Rights Reserved.