Gold is God's money,Robert Kiyosaki advice on buying gold

bookreviews (11)in #bitcoin • 4 years ago (edited)

Gold and silver have been here since the earth was formed and will be here long after we are all gone,Gold will always be here no matter what the market are doing and that is why my foundation is Gold.

And this led to what Robert Kiyosaki will call Fake pensions,Fake money,Fake Teachers,Fake Assets.

It all starts with fake money,so in 1971 the US dollar became fake and this book starts with me flying behind enemy lines in 1972 and I was looking for real money GOLD,because when NIXON took the dollar off the gold standard in 1971,he also made it illegal for Americans to own gold,it was a criminal offence to own gold.

So I fly behind enemy lines and meet this little woman,she got bright red teeth and I tried getting a discount on gold,so gold back in 1971 was 35 an ounce,so I said I think I will buy some gold,the trouble is I didn’t know what gold was,most Americans do not know what gold is,they have never seen it because they made it illegal for Americans to own gold and now everything is fake,it’s tragic.

A lot of the central banks have been buying gold,in fact they have been buying more gold now than they did in the 70s, and there is a reason for it.
Each central bank has a little bit of their own narrative,the Russians obviously are afraid that the dependency on the US dollar can make them vulnerable,the Chinese are also buying a lot of gold but interestingly enough is India and a host of other countries,essentially what you see by the absence of the central bank selling of gold and the purchase of particularly eastern countries of gold is an understanding that most of what are counted as Reserves in the central banks are really ephemeral,most central bankers what to weaken their currency and that usually means printing(figuratively or literally).

Gold is the only currency that can’t be printed.

Those in the mining business can tell you that you can’t really find it in any size any longer,so when yu have central bankers trying to debase their currencies and mining companies can’t find it,you have a very interesting currency and it’s the only asset which the central banks have that isn’t somebody’s else liability,when you own gold it is just what it is,you own it.

Now some of the central banks have the view that owning the dollar makes you very dependent on the US economy and how the value of the dollar goes is not something that you can control,you can’t control the price of gold but it’s something that you can touch and fill and you know it’s solid and this gives people comfort.
When people are worried about the economy,they tend to go to gold

The reason is simple,people know that gold is scarce and throughout history paper has always been debased,since the Federal Reserve was established the value of the dollar as gone from $1 to $0.07,gold on the other hand has risen in value,so when you look at it,it is not an unreasonable proposition .

The case for gold when you strip away the emotion is that it’s just another currency like the Yen,the swiss franc and those who do not understand what gold means, either don’t understand the history of it or don’t understand the market and everyone should just own some gold as you will own any other currency. Ray Dalio

GOLD ON THE BLOCKCHAIN

The digital gold token is a stablecoin pegged to actual gold,what this means is that for every token minted there is a corresponding physical gold for it in the company’s vault.
And probably you are interested in investing in gold and maybe you do not know how to go about it,
There are reasons probably why many are not investing in gold,one of them could be education(maybe theydo not know enough),the issue of access(of the reaons why I like blockchain systems,growing up I had the desire to make worthy investments but did not know how to go about it,I made enquiries aout bonds,mutual funds,treasury bills,stocks and one of the reason why I like blockchain systems is that you can literally invest in almost anything although this also comes with its own risks)

Another issue that could hinder a lot of people may also include the challenges of several know your customer requirements,privacy concerns,legal and boundary restrictions.

The digital gold platform takes care of all that,so once you want to buy gold you will have to fill up a form,now this form translates to a smart contract,you enter the amount of gold token you wish to buy etc, and that will initiate a transaction in the online marketplace or you could simply visit an exchange like bitforex and buy the tokens there.

Why should you be considering to invest in such a platform

Because if these are coins and this is gold,coins are not like gold,coins are not supported by anything,there are influenced by things like community,pumps and dumps,little to no regulation,few markets/audience.
When you talk about gold,you talk about the Federal Reserve Bank of New York that stores over 20% of all the gold in existence and this is gold that belongs to a lot of governments,corporations,banks etc,there is a huge market for gold,also the gold market has been tested and tried,while the cryptocurrency market is less than a decade old,the gold market has been existing for centuries.
Also there are tighter and well established regulations around the trading,purchase,transfer and storage of gold and also unlike cryptocurrencies,gold has price stability.

So when you buy the digital gold token,as the price of gold drops,so does the price,as the price of gold increases,so does the token.
As more fiat currency gets minted,it values drops but unlike fiat,gold is scarce and not minted at same rate as fiat so the value is stable and increasing.

How to buy digital gold token

You can buy it directly from the online marketplace on their website https://gold.storage/en/market
You may also take the option of visiting one of the many exchanges that sell the tokens

Like i said in my previous blog

I believe if the coronavirus pandemic is not handled within the next 6 months,it may set our world on a global recession,we see the effect already,schools,businesses,religious houses etc are been shut down,movements are been restricted and in the midst of all these crises,a crash in the value of many things is certain,a wise choice will be to invest in some asset like gold and the digital gold token platform is a good place to start.