Argo Digital US platform will help popularise gold investments
Argo Digital US has launched an innovative platform for investing in gold. The solution provides a convenient way to buy, sell and store digital bullion backed by physical metal.
One of the key benefits of the platform is zero transaction fees. The rate for storing metal is 0.12%.
According to Argo co-founder Michael Petch, the solution will resonate with investors looking for alternative investment options. The platform offers the ability to securely transact physical gold in a digital format. The company’s market analysis, which informed the solution’s launch, found that approximately 8.2 million retail investors are willing to invest in the precious metal. This, in turn, represents an estimated investment opportunity of US$5.5 billion annually.
Benefits of the platform
Against a backdrop of global economic risks, investors are looking for reliable investment options. Known for its stability, gold is one such way to preserve capital. The popularity of the metal is reflected in the figures:
– annual investment in gold was 1,180 metric tonnes in 2024;
– a 25% increase in 2023 and a four-year high;
– demand reached US$111 billion in the fourth quarter of 2024.
As the metal’s popularity grows, so does the need for convenient investment tools. The Argo platform is specifically designed for retail buyers. All gold listed here is insured and held by a trusted government custodian. This ensures high liquidity of the metal to meet growing investor interest.
In addition, the platform has removed transaction fees, which incentivise the purchase of large quantities of the metal. Argo’s storage fees are lower than those of most traditional gold investment services.
The platform pays particular attention to the privacy and confidentiality of transactions. It uses industry-standard encryption and authentication protocols.
Argo Digital US currently only stores its assets but plans to expand its capabilities in the future. To this end, the company is in talks with metal suppliers and various financial institutions. Currently, only bank transfers are available, but the team will add other payment methods.
The company plans to expand the functionality of the platform, including:
– the ability to transact with other precious metals in various forms;
– adding a direct deposit option;
– introducing a function to convert cryptocurrencies into gold.
The modernised platform focuses on simplifying the process of owning precious metals. This will allow Argo to challenge the traditional gold investment industry, which has a market value of US$3.2 trillion.
