All these years, the only gold I knew about was jewelry. I did not realize there was also a modern version.

Is anyone here experienced with gold? I recently came across digital gold and just learned that it is backed by fine gold. I looked it up and found out that fine gold is equivalent to 24k, which means about 99.99 percent pure gold.
Then I started thinking why many people still buy gold jewelry as an investment.
Based on my experience,
Usually the jewelry most people can afford is around 18k or lower in purity, so it is not fully pure gold.

It is difficult to liquidate. There is an appraisal process, pawnshops give discounted prices, and sometimes the offer is very low. The process can also take time.

Wear and tear can affect the value. Not everyone also has the same taste in jewelry design, which can make it harder to sell.

Meanwhile, with digital gold,

It is supposedly 100 percent pure.

You can sell it instantly online since it is already on trading platforms.

Its value is tracked by live gold prices.

I do not have the most innovative or tech savvy mind, so please bear with my limited understanding of things like this.