Amazon, arguably the best e-commerce company and one of the top 4 technology companies in the world, has shocking ventured into the digital gold trade. ‘Gold vault’ is a virtual gold buying feature on the amazon.
This audacious move is facilitated by Safegold – a digital gold company base in India- and launched by Amazon Pay, the e-commerce company’s financial services branch. This strategic ploy will rival google pay’s digital gold, Paytm, PhonePe and ET Money.

How it Works
It is a well known fact that gold is not an easy commodity to trade in. Golds spot price per ounce today is 1948.45 USD making it one of the most expensive commodities on the stock market these covid times. Gold vault brings an end to all the hustle one has to go through to purchase the priceless commodity. For every digital gold buy, safe gold keeps an equivalent of gold in a vault for the buyer. With the tap of a button you can buy and sell any fraction of gold you want whenever at the latest price ( which gets refreshed every 5 minutes), talk about convenience. You don’t have to purchase an insurance to safeguard your gold or rent a locker for it, as it is backed by a government regulated security trustee, moreover prices are competitive.

The quality of the gold available for trade is 24 karats and has a purity of 99.50%. With Gold vault you can access the value of gold purchased via your amazon account. Be rest assured that any amount of digital gold you purchase is safe, forget about bitcoin scams, this is different. All your purchases are tax inclusive and you can buy as low as 1 cent worth of gold.