The past few months have not been easy for the financial markets. After the trade war between the United States and China, it is now the turn of the coronavirus to impact the stock markets around the world. In these periods of uncertainty, certain investments such as gold and, to a lesser extent, silver are considered safe havens. It is therefore not surprising to learn that banking establishments are adapting to demand and offering this solution.
Investing in gold from its application
The British neo-bank Revolut has announced that Premium and Metal customers can now invest in gold by passing directly from the mobile application. To reassure investors, Fintech specifies that gold is physically stored in a secure financial institution.
Revolut wishes to facilitate access to this raw material, “this new feature offers you another way to diversify your portfolio, taking advantage of a product that used to be complicated […] as you might expect, our goal is to make gold trading as safe, simple and profitable as possibleThe ounce of gold is currently trading at $ 1,636, but has risen sharply in recent years. Although it is a safe haven, it should be noted that it remains volatile and evolves according to world events , like the current crisis.
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