What is a gold piggy bank?
A gold piggy bank means saving in gold instead of cash: each time you set a little money aside, you turn it into gold. It is like buying a small coin now and then, only on your phone and with nothing to hide at home.
In Waletifi, each piggy bank is a goal with a name, a target in grams and a deadline, such as “Wedding” or “Baby’s first year”: a digital piggy bank that fills with gold.
How the gold piggy bank works in Waletifi
Setting one up takes under a minute:
- In the gold section, tap “Savings” and create a new savings goal.
- Name it and enter your target in grams; you also see its value today in your currency.
- Pick a deadline: 3 months, 6 months, 1 year, 2 years or any date up to 10 years ahead.
- Choose a monthly or weekly reminder; the app suggests how many grams to buy each time.
- When ready, tap “Buy now”, buy by amount or by grams, check the quote with the price per gram and the fee, and confirm.
Reminders don’t buy; you decide
The gold piggy bank never buys gold or takes money on its own. Reminders only suggest and you confirm every purchase, so a tight month is no problem.
Each goal shows the grams saved, the percentage reached, the time left and the next reminder. Progress counts your wallet’s whole gold balance, and goals stay encrypted on your phone only.
Why save in gold with small amounts?
You don’t have to wait until you can afford a whole coin or bar. Buy gold in small amounts and see your balance in grams and in your currency; the app shows the minimum purchase.
See today’s gold price per gram
- No making charges, since you aren’t buying jewellery.
- Nothing to store at home, lose or have stolen.
- Sell back to USDT at any time.
Gold piggy bank vs. cash jar, physical gold and a savings account
Every way of saving has strengths and costs:
- Cash jar: simple and free, but cash loses value to inflation.
- Physical gold: you hold the metal, but small purchases carry high making charges and spreads, and storage is your job.
- Savings account: known interest, but the balance stays in your currency and doesn’t follow gold.
- Gold piggy bank: starts small and the gold is in your own wallet, but the price is global, conversions carry a fee and you rely on the token’s issuer.
Where is the gold kept?
Waletifi’s gold is tokenized gold backed by physical gold: one full token represents one troy ounce held by the issuing company. The token sits in your own wallet with the key on your phone; we can’t move it. Its price follows the global gold price, not your local jeweller’s.
Risks and costs
Before you start, keep these in mind:
- The gold price can go down as well as up; no return is guaranteed.
- Each buy and sell has a conversion fee shown before you confirm; on very small buys the network fee weighs more.
- You rely on the issuer to hold the backing gold, and the issuer can freeze tokens.
- If you lose your recovery phrase, nobody can recover your gold.
- The gold section may not be available in every country.
Who is the gold piggy bank for?
It suits people who want to build up gold steadily, not those chasing quick gains:
- Parents saving for a child’s future
- Couples saving towards a wedding
- Anyone putting a little aside each month