Digital Gold: Access to physical gold benefits without risk.

Introduction

As far as the world is concerned, gold is considered to be the most precious store of value. Everything about gold is precious. Gold has been used to represent something significant all over the world. It is a reliable store of value globally. Gold has been called to work in instances where there are crises and economical meltdowns. It serves as a perfect tool for portfolio diversification.

During this present pandemic, many investors are suffering because their investment has been largely affected but the smarts ones among them are smart enough to diversify their portfolio by putting their assets in gold, many are happy they did because, despite the rocking of the pandemic, the price of gold has been able to stand the test of time.

The statistic has shown us that there is a consistent rise in demand for gold and that has to lead to consistent rice at the price of gold. In most parts of the world, good things are identified with gold.

Physical Gold

Despite the numerous advantages of gold, investing in physical gold can come with a lot of stress appeared to be unbearable. You must be ready to buy physical gold at a premium rate if you want to invest which you know is above the market price. In order to have a significant profit on that, you must be ready to wait for a long time for it to appreciate at price well above the purchasing price before you can sell again.

Also, You will have the burden of securing your gold after buying it which might be very difficult, That is only possible if you have a safe at home or take to a bank for a fee. You might also need a third party to have your gold sold successfully.

Looking at the whole process of dealing with physical gold, I guess it calls for a better option that can give the same benefits or much more. At this point, I am so excited to introduce to you an innovation which has successfully digitalized gold. This innovation simply leverages blockchain to take away the barriers related to physical gold investment. Rather than having to go through the process above to enjoy the benefits of gold, you can now have your gold in the form of a token based on the blockchain.

Digital Gold

Digital gold is a platform based on blockchain. Digital gold uses blockchain technology to enable investors to invest in gold in the form of a token. Digital gold platforms have successfully tokenized gold. Rather than having to invest in digital gold going through the stress, investors can now invest in gold by buying into the digital gold token. This is what i refer to as bridging the gap between gold and digital ecosystem.

It will also interest you to know that investors can also enjoy the benefits of investing in gold because the Digital gold platform offers a good alternative to gold exchange-traded funds. The digital gold platform is transparent enough to allow anyone at any time to verify the amount of gold purchased and stored in the company’s vault with a Singapore-based gold company called ‘BullionStar’

Digital Gold Token

The digital gold token is the native token of the Digital gold platform. It is an ERC-20 token, which means it is built on ethereum blockchain. The Gold token can be traded on different exchanges and it can also be exchanged on the Digital gold platform. The Gold token is backed up by physical gold. One gold token is backed by an equivalent 1 gram of 99.99% gold. As at the time of writing this article, the price of 1 gram of gold is equivalent to $55.67 USD.

Conclusion

The gold token is a stable coin because it is 100% backed by physical gold, It means you can own Gold token without the fear of losing your money. Investing in Gold token will give you access to all benefits of physical gold and also save you from this risk attached to physical gold.

Visit the following links to get more information

Website: https://gold.storage/en/home

Twitter: https://twitter.com/gold_erc20

Steemit: https://steemit.com/@digitalgoldcoin

Reddit: https://www.reddit.com/r/golderc20

Youtube: https://www.youtube.com/channel/UCUo-D88vDTvntg2QhxDqBGQ/

Telegram: https://t.me/digitalgoldcoin

ANN: https://bitcointalk.org/index.php?topic=5161544

Whitepaper: https://gold.storage/wp.pdf

Author: Dondeon
Profile link: https://bitcointalk.org/index.php?action=profile;u=2756791;sa=summary