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70 Years of Gold History Says You Must Start Investing in Digital Gold Now!

Gold Silver

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February 19, 2023

India is the world’s second-largest consumer of gold. It is also one of the largest gold markets. Although acquiring actual gold is the most common and popular investment method, digital gold has recently gained popularity.

Individuals should start investing in digital gold for long term stability.

Read the sections below to learn more about the benefits of digital gold investment and why you should consider purchasing digital gold.

Gold Price History – 70 Years

What exactly is Digital Gold?

The purchase of digital gold is an alternative to purchasing physical gold. Digital Gold can be purchased online and an equivalent amount of physical gold is stored as backup in an insured vault.

The smallest quantity that can be purchased is one rupee. Customers can sell a portion of their gold at market rates. All of this gold is 24K and government-certified. It ensures purity and eliminates the possibility of fraud.

What distinguishes digital gold from physical gold?

As described, digital gold is vault-stored, 24K pure gold that consumers can access through digital channels. Customers can use various platforms to buy, sell, and receive vaulted gold at low ticket sizes around the clock with the click of a button. Gold has become more practical, approachable, and efficient due to this innovation.

On the other hand, physical gold is typically purchased for decorative purposes and is not a wise financial decision. It covers various non-refundable fees such as making charges, storage costs, and so on, transforming it into a burden rather than an asset. Furthermore, keeping gold physically at home is fraught with danger.

The Advantages of Investing in Digital Gold

Investing in the digital form of this golden metal can provide a slew of benefits. These are the following:

#1 Safe storage

The primary benefit of digital gold is its easy and secure storage. The company that provides digital gold will store the gold acquired in secure vaults. Because the buyer does not own the gold, he avoids locker fees and the risk of gold theft or loss.

#2 There is no lower investment limit

There is no minimum investment quantity; an individual can invest in any amount of gold. The individual will receive the amount that they have invested. As low as one rupee of gold can also be purchased.

#3 Make use of it as collateral

As security for loans, digital or electronic gold can be utilized. Some lenders accept it as collateral because it is 24K pure and housed in secure vaults. It saves borrowers from the difficulties of collateral documentation and lowers their risks of loan rejection.

#4 Exchange convenience

Another significant advantage of digital gold is that it can be quickly traded for actual gold, coins, and bullions at any time and from any location. Individuals wishing to convert digital assets into physical ones might take advantage of this flexibility. Individuals who wish to get their hands on genuine gold can have it delivered to their door.

#5 Genuineness

The purity of virtual gold is 99.99% because it is 24K. Buyers do not need to be concerned about purity and authenticity. Fraud is eliminated, and purchasers receive the value for which they paid. Therefore, an individual should start investing in digital gold.

What Attracts People to Invest in Digital Gold?

When you buy digital gold from an authorized dealer, you purchase 99.9% 24K pure gold, the purest form of metal. Vendors selling digital gold have teamed with fintech businesses, banks, and brokerage houses to facilitate digital gold purchases.

When you start investing in digital gold, unlike the old traditional technique of purchasing physical gold, the purity of the gold is no longer an issue.
The security is excellent and theft-free because it is held in a Demat account and cannot be traded by anybody other than the investor.
Investing in SGBs generates passive interest income.
Investing in digital gold incurs no transaction fees.
Because of technological advancements, information on digital investments has reached every household. People are aware of digital gold investments and understand the distinction between buying gold jewelry or ornaments and investing in digital gold.
Because of the decreased interest rates on fixed deposits, people are investing in better and safer investment alternatives, such as digital gold.

Last Word

The world is increasingly transitioning away from traditional physical assets and toward digital assets. Despite various difficulties, such as investment limits and the lack of a governing agency, virtual gold is a profitable investment alternative. It provides versatility, purity, and good value for money. The digital gold breakthrough has made gold accessible to everyone. No matter where you are or how much money you want to invest, digital gold will always provide real-time access to market prices, quality assurance, and safety. Not only that but unlike traditional gold sales, digital gold may be sold for a total value in minutes.

7 Popular GST Software – Accounting & Billing

GST

Shitanshu Kapadia

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February 17, 2023

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GST Software – GST – Goods and Service Tax was implemented by the Government of India in 2017. Maintaining GST Compliance, proper accounting, billing, and inventory are major challenges that MSMEs (Micro, Small & Medium Enterprises) and small business owners are facing every day.

Small business owners are always looking for complete accounting & billing GST Software. There are many popular GST Software available in the market that offers multiple benefits such as automated return filing and unifying accounting process. The majority of them are combinations of free and paid. I have done some research and here is detailed information about 7 Popular GST Software for accounting and Billing.

7 Popular GST Software – Accounting & Billing

#1 Zoho Books

You can manage your business finance with Zoho Books, a cloud accounting platform. Keeping your business GST-compliant, as well as handling core accounting, stock tracking, bank reconciliation, and managing projects can be done on Zoho Books. Key features and prices of this GST software are given below.

Key Features Zoho Books

Create Retail Invoices
Create and send purchase orders
Keep track of inventory levels at all times
Import your bank statements to Zoho Books and skip data entry
Project Timesheet management
Client Contact Management
GST Portal Integration for Return Filing

Price – FREE up to revenue less than 25 Lakhs.

Paid version comes with extra features such as application integration. The rate is starting from ₹ 749 per month.

#2 uBooks

uBooks is the next popular GST Software. uBooks provide complete accounting, billing, and inventory. uBooks is a hybrid app that comes with offline as well as online versions. Key features of uBooks are given below.

Key Features uBooks

Advanced Accounting with Reporting
Billing & PoS
Inventory Management
Order Management
Offline and Online Billing
Mobile App-Based E-invoice
Standard GSTR File Generation
Auto Tax Calculation
Bank Reconciliation
GST Compliance

Price – Free for a single-user license. A multi-user license is paid.

#3 Cygnet FACE

Cygnet FACE is item-driven accounting software. The Face software is a modular product approved by GSTN due to its promising features and ease of use. Face software is scalable and customizable based on your business requirements and it can handle the diverse business requirement. Key features of FACE are given below.

Key Features Cygnet FACE

Multi-user and multi-company accounting
Invoicing with logo and e-sign
Purchase order and sales order capture/creation
Reporting & P/L Generation
Error Free GST return genration
E-way Bill Generation
GST returns preparation and downloadable JSON and excel files

Price – Premium version Subscription – ₹9750 / Year, One-time License ₹17750.

#4 Saral Accounts

Saral is an accounting and billing software that is GST compliant and covers all accounting and billing needs of the business. Key features and price detail of Saral is given below.

Key Features of Saral

Complete accounting including financial statements
Sales purchase and inventory management
Invoice, AMC and Warranty MIS
GST Return filing facility
E-way Bill creation facility
Dashboard and Report Generation

Price – Saral is paid software. For Saral Bronze single-user mode you need to pay ₹7500 / Year

#5 GenieBooks

GenieBooks provide basic to advance all types of accounting-related features. It is a cloud-based application that can be accessed from anytime anywhere in a secure manner. Key features of GennieBooks are given below.

Key Features of GenieBooks

Invoicing and accounting management
Inventory management and tracking
Payable and receivable tracking
Bank reconciliation & Reporting
Payroll management
Automation

Price – GenieBooks basic version price is ₹6,999/year

#6 FocusLyte

FocusLyte is easy-to-use online accounting software. It is a cloud-based software. FocusLyte is an accounting solution that not only helps in filing GST but also helps in dealing with accounting. Key Features and price details of FocusLyte are given below.

Key Features of FocusLyte

Sales order and purchase order tracking
Accounting and Billing facility
Tracing receivable and payables
GST Return Filing
Eway Bill Generation
Inventory Management

Price – FocusLyte basic version price is ₹9000/year

# 7 CaptainBiz

CaptainBiz is GST software that helps with billing, business accounting, and inventory management software solution for small businesses in India. CaptainBiz is endorsed by the Goods & Services Tax Network (GSTN) of India. Key Features of CaptianBiz are given below.

Key Features CaptainBiz

Billing & Invoicing
Real-Time Inventory Tracking
Purchase management
Cash & Bank Reconciliation
GSTR Reports facility

Price – CaptainBiz two years silver plan cost is ₹7,999.

Make Money Online – Power of Internet & Social Media

Money & Wealth

Shitanshu Kapadia

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February 16, 2023

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Make Money Online – The Internet and Social Media are so powerful that you can become a billionaire by doing online business. Yes! You can make money online. If someone wanted to sell. They used to go door-to-door and if someone wanted to be an actor, then they used to catch trains to Mumbai. But, the internet has changed everything. Now you can sell anything to anyone using the internet.

YouTube, Instagram, Facebook, and Twitter are not only social media platforms. These are banks for influencers. You can make several thousand dollars easily per month using social media, blogging, affiliate marketing, and by lot more.

Make Money Online – Power of Internet & Social Media

Let’s try to understand this by example – @WhatsInside is a youtube channel with 7 Millon followers. The channel started with a school project, where a father had cut a baseball to show it to his child and the same video was posted on YouTube. And now they are making millions of dollars per month from YouTube.

The Internet has changed many things. Intel chairman “Andy Grove” used to say, In the coming years, all companies will become internet-related companies. And the company that will be not connected to the internet, that companies will not survive.

The age of TV is almost coming to an end. People are becoming sensible.

Today, Instead of buying things by seeing TV ads, people see reviews on the Internet and do some research. They are buying the things recommended by their favorite influencer. This means, Today every influencer has become a brand.

Nowadays you alone can make money online, with the help of social media platforms like YouTube and Instagram. It is not one-time income it is consistent income.

Before few days I have seen a photo on the internet. The photo says that “Businessman buys a watermelon for $3 and sells them for $4. This means the profit is $1. An entrepreneur buys watermelon for $3 and sells them for $8 by doing some innovation i.e by making watermelon juice in a juice parlor.

But an infopreneur is one, who buys watermelon for $3, and does research on watermelon. Create content and video about the nutritional value and benefits of watermelon. Make some interesting videos or content by taking out A to Z details of watermelon. Upload it on the Internet and make several hundreds of dollars over a while.

But these all are possible when your purpose and intention are clear.

To build wealth on the internet you need to understand the asymmetric opportunity.

Two things are involved in any work of the world – “Risk” and “Reward”. And in most cases the relation of both is equal. This means High Risk is equal to a High Reward and Low Risk is equal to a Low Reward.

Which is called “Symmetric Opportunity”.

But in the opportunity where the Reward is high compared to the Risk, that is called Asymmetric Opportunity.

For example, it took a few hours for me to make this article but when it is posted on my blog it generates income whenever people click on the advertisement appearing on my content.

And this is the biggest benefit of Internet Business. That you can replicate your income. If I talk about theatre artists, then he has to perform every time to earn money. If today he has performed in Delhi, then tomorrow it will in Mumbai, and the day after tomorrow it will in Pune, etc.

But when this artist will be ill or didn’t give his performance due for any reason. Then that day he will not earn money.

But a revolution comes from the internet, that, if you have capabilities then you can make a lot of money online. You need to become a brand and leverage the power of the internet and social media.

For example, J.K. Rowling wrote Harry Potter only once. But even today when someone bought Books, Toys, or Games of Harry Potter, or visits the theme park of Harry Potter, Then some Royalty i.e little money goes into J.K. Rowling’s pocket.

In short, She had worked only once, She made a pipeline of money by replicating Toys, Games, parks, and Movies.

If someone asks me what work I do. Then I tell that I’m a little Digital Farmer.

I sow seeds of contents whose crops generate revenue year after year.

In Internet Business, Your competition is worldwide, not with the people on the street. So you will have to make a brand by targeting any specific niche.

Think Media founder says “If you try to reach everybody you’ll end up reaching nobody”. People teach dance on the internet, teach cooking, even they teach repairing or tailoring and earn lakhs.

Only you need to be specific in any one field.

Do you like clay? Well, I don’t know. But most people don’t like clay. But Jorgenson liked the clay since childhood. So he used to read about the soil. He used to research in that field. Who buy it? Who sell it? Which quality of soil is good? etc.

He used to make people aware of the Home Gardening Soil by making videos. And soon he made his own brand and big fertilizers and home gardening companies started approaching him. And with the help of brand promotion and affiliate marketing, Jorgenson, instead of working alone, made a million-dollar company.

See, Many people think, They will become rich, When they will study hard, or do a big job, or some big work. But the fact is that What the thing you are working on, if you have a genuine interest, and there is also demand in the industry, Then you can turn soil into gold and become a millionaire.

The chances to become a millionaire for self-employed people are many times more compared to jobs worker.

There was a time when Oil used to be an innovation. That made JD Rockefeller rich. There was a time when Cars used to be an innovation.

That made Henry Ford rich. But this is the time of the Internet. That made Bill Gates, Mark Zuckerberg, and Jeff Bezos rich.

This was my small try, to tell you that, In the coming time, people will trust the genuine influencer more than the big mega-company. Who also teach instead of only selling products.

And due to that trust and loyalty, People will say “take my money and give me your product”. Whether your interest is in any field. But I think that you are a brand. If you don’t believe it, no problem. But when you will realize then remember me.

Is Silver Bullion A Safe Investment To Consider?

Gold Silver

Shitanshu Kapadia

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February 15, 2023

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Silver has been utilized for thousands of years in monetary systems, ornamental industries, and practical ones. It’s got a bunch of things going for it that make it seem like a good investment for the right person. A few things to bear in mind while thinking about buying silver as an investment are as follows.

Is Silver Bullion A Safe Investment To Consider?

Want from the manufacturing sector

In addition to its usage in electronics and medical devices, silver also finds use in solar panels and catalytic converters. Rising silver costs might be influenced by the metal’s rising demand. There will only ever be a limited supply of silver available for extraction and industrial use. The amount of silver available is finite. As the demand for metals rises, the supply may not be able to keep up, which might result in a price hike.

Silver is an investment option that may help diversify a portfolio because of its low connection to traditional assets like equities and bonds. The reason being silver investments seldom experience a negative correlation with other asset types. This might help lower overall risk, which in turn could boost returns.

Investment in a safe haven

Silver is typically considered a safe-haven asset since it tends to do well when there is economic or financial uncertainty. As a buffer against inflation, the metal’s value tends to rise as paper money falls.

Safe-haven assets are stable financial instruments or assets. Having a weak correlation to the market as a whole, these investments tend to do well when the economy is in turmoil or the market is volatile. When it comes to wealth preservation and risk mitigation, investors often look for assets that fit the bill of “safe havens.” The following are some of the most important considerations to make when choosing to invest in safe havens:

Safe-haven assets are those that maintain their value or even increase while the economy or the market is in turmoil. The reason for this is the belief that safe-haven assets are less likely to see large swings in value. They’re recommended as a way to save costs and avoid potentially dangerous scenarios.
Precious metals like gold and silver, as well as other types of investment capital, are often cited as instances of safe haven investments. Money, bonds issued by the government, and treasury notes issued by the United States of America are further examples. Other investments that are thought to be secure include gold, silver, and several other precious metals. These holdings are often seen as safe and secure because of their minimal volatility. As a result, many investors choose to buy them as a hedge against the potential negative effects of uncertain times on their wealth.

Safer conditions

By adding a steady, low-risk component, such safe-haven assets, to a portfolio, it may be possible to lower the portfolio’s total risk. When the market is volatile, they may safeguard the rest of the portfolio from falling in value.

Safe haven assets are a great way to spread risk throughout your portfolio because of their low correlation to riskier investments like stocks and bonds. This may be one reason why there is less total risk, which in turn may lead to higher earnings.

It’s crucial to keep in mind that just because you have safe-haven assets doesn’t mean you’ll never lose money, even if the economy is unstable. They may be affected by a variety of external factors, including changes in market conditions and investor sentiment. Another caveat is that low-risk investments may not necessarily provide as much profit as riskier ones.

However, it is important to give serious thought to any potential investment before making a decision.

Value recognized through time

The value of silver has risen steadily over many years, and this trend is expected to continue. Despite market volatility, silver is a long-term investment.

Investing in silver has the same risk as investing in any other asset. Many things may impact the price of silver, from the state of the economy and the main market trends to major events in the geopolitical sphere. Before settling on a certain investment, it is important to give serious consideration to the risks and possible gains connected with that investment.

All of these factors, its industrial importance, scarcity, and diversification opportunities, may explain why this asset is so sought after by investors. Its appeal may also stem from the fact that gold and silver are seen as a safe haven investment.

Although silver is a potentially lucrative investment, like any other asset, it’s important to weigh the risks against the benefits before making a final choice. That holds true for any asset, silver or whatever.

IRA provider

It’s important to choose an IRA provider that fits your needs and investment plan among the numerous available. There are several IRA providers, making selection difficult. Choosing an IRA provider is sometimes tough due to the various options. Consider costs, investing options, and customer support when choosing a supplier.

Beware of tax implications

Most 401(k) to IRA rollovers are tax-free, but there are limits. To avoid tax consequences from the rollover, engage a tax expert or financial advisor. These experts can give the information you need. A financial advisor (https://en.wikipedia.org/wiki/Financial_adviser) is not necessary to roll over 401(k) funds to an IRA. If you understand the steps and can manage your finances, you can do it yourself. Many people opt for self-management.

However, the rollover process has some tricky parts. A financial counselor or other expert can be consulted to ensure a smooth operation of the process. A financial consultant can help you decide whether to roll over your 401(k) into an IRA, choose a provider, and manage your funds for retirement.

If you’re considering a broker, Bullion Express among many others which deal in precious metals can help you get started. Keep in mind though that it is important to know the pros and cons before making an investment. Fortunately, the internet makes it easy to check a company’s reviews.

Like any investment vehicle, do your research prior to committing your funds. You can contact individual brokers, and they’ll provide you with documentation that can help you make wise financial decisions regarding your investments.