Gold As a Store-Of-Value

in #blockchain3 years ago

Gold Assets are one of the Metal Commodities that have become the Store-Of-Value Choice that has existed for thousands of years and has gone through various tragedies that have occurred in the world, Starting from Ancient Egypt gold has become one of the most relevant Monetary systems and has become a standard Counterpart for various things, Making it the best choice to date. Gold supply is limited and one day will run out where on the other hand fiat is more vulnerable to inflation and crises where for example the price of Gold in 1900 was around $18 and this year it has stepped on $1700 which makes it one of the best performing assets of the last few hundred years, War, Crisis , Natural Disasters, Pandemics and various other things have proven Gold as the safest asset to own. The best example we can see lately is the COVID-19 And the US Army Withdrawal from Afghanistan which brought the Taliban back to power where is provided another spotlight for Gold to rise as a Store-Of-Value choice.

Why Gold?

Gold is one of the best commodities that has been tested for thousands of years by being the best choice for storing the safest assets, Gold is not too volatile like Fiat which from year to year continues to experience inflation and is also the standard counterpart used throughout the world because of its exclusiveness and supply. It's limited, just like the Bitcoins we've seen in the last few years, only that Gold is less volatile with Acceptance being used globally and Some scenarios that we can see from previous history where War, Pandemic or other Crisis, Gold commodity is the most chosen choice as a more reliable and stable Store-Of-Value. An example that we can see is the Covid-19 Pandemic which caused crises in various countries with other assets including fiat experiencing a Decline where Gold became the best choice, In addition, the recent US Policy which fully pulled their troops in Afghanistan resulted in the Taliban returning to power even though on the other side this reduces US Government spending but creates potentially bigger long-term problems that will affect the Global Economy too.

Gold In Current Crisis

The last few years have been the toughest times in the last hundred years, the Covid-19 Pandemic which caused crises around the world, Conflicts in the Middle East, Africa or the South China Sea and the potential Global Drugs Threat caused the global market and Fiat to experience a Decline. When Covid-19 first spread around the world, Gold Commodity became the best choice chosen by everyone with demand increasing by more than 10% in recent years with the price of Gold hitting an All-Time-High $1900 in recent months. Conflicts in several regions have also caused Gold production to drop and create more Demand. The last thing that has an impact on the global market is the Taliban Rise Of Power in Afghanistan. more stable but from some forecasts out there this will cause long term problems thatincrease Illegal Drugs Trafficking, Afghanistan becomes a producer of Papaver Somniferum (Opium) which is the basic ingredient of Heroin and becomes the largest worldwide with Contribution of more than 85% in the global market, This in fact has the potential to cause a long-term economic crisis that requires the US or all Countries in the world to spend more money to fight Drugs. This causes the Demand for Gold to continue to increase in the last 1 month with Fiat experiencing a Decline.

Buy Gold With Your Crypto!

Gold is everyone's favorite choice and this also applies to the Crypto community, Digital Gold is a new Blockchain-based Marketplace Ecosystem that offers a unique and easy-to-use platform to buy Gold through Crypto Assets, Digital Gold Team designed a sophisticated and powerful Framework thereby ensuring the safety of its users' assets. Unlike traditional systems which are complicated, Digital Gold offers a simpler process with a Peer-To-Peer system without the need to go through a third party thereby ensuring low costs, fast time with the best rates. The Digital Gold Ecosystem combines Crypto & Gold in one place by providing more flexible Investment options where as we know today Crypto is one of the best Store-Of-Value alternatives to Gold, their platform allows the exchange of these two different commodities in real time With Rate updated with Global Market, It creates a new economic System that bridges these two sectors.

Privacy is a major problem in Traditional Systems and through Digital Gold this can be overcome by transactions carried out on the Public Blockchain network, Creating a powerful new innovative system. Their team ensures the security of this Platform with an audit process that uses International Bank standards so that users can freely carry out their asset transactions. They also implement various attractive Benefits on the platform such as Trading Charts that allow Deep Analysis, Smart Contracts that ensure automatic transaction processing with maintained privacy, Zero Fees Trading which provides the best value when doing swaps and 24/7 Support.

Backed By Pure Gold

The Digital Gold team prioritizes Transparency and because of that they created a new form of currency that tokenizes Gold via Blockchain Technology (ERC-20) which is integrated with Smart-Contracts, this ensures that everyone can verify every Token in circulation and other than that Also Each Token is backed up by Pure Gold which is stored in the Bullionstar Vault. The integration of Blockchain Technology allows a more transparent, cheaper and faster transaction process so that users get the best rate with more flexible options with low Spread, Slippage and supported by high liquidity. If you want to verify you can visit for more details on their official website here; https://gold.storage/en/audits

Gold Price Forecast

The last few months we can see Gold demand continues to grow with price movement of more than 10% between February and August, this is because of the Coronavrius Outbreak that repeatedly occurs with its new variants and conflicts that occur in several regions make the use of Gold increase significantly. as a Store-Of-Value, According to the Long-Term Forecast released by the World Bank, Gold will be stable at $1500 to $1700 for the next few decades with a significantly increasing Demand and price growth of more than 1% annually. Several other articles also show the same Forecast with greater improvement with the ever-growing Cryptocurrency market, Facilitating the process of acquiring Gold or by individuals or entities in a more simple and transparent manner, Digital Gold itself has become a pioneer bridging the Traditional market with Blockchain, Creating Economic trends new to the global market.

Conclusion

Broadly speaking, Gold & Crypto has received a Spotlight for its rise in the last few years, especially with the pandemic and various conflicts that have occurred, making demand for these two commodities continue to grow. Digital Gold bridges the two sectors with a sophisticated platform that allows Gold or Crypto Transactions to be carried out easily and provides the opportunity for Traditional or Crypto Traders to use Flexible options that are more profitable, They also introduce a new form of tokenization that represents Gold on the Blockchain network thus ensuring a variety of transactions are cheaper, easier, faster and transparent. I personally highly recommend you guys give the Digital Gold Platform a try!

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