Gold Or Crypto?

The two sectors are opposite where one of them is a commodity that has been around for a long time and the other is a digital commodity which lately Hype, Gold and Cryptocurrency have become a favorite for investors in the last few years especially with the Covid-19 Pandemic. Investors are looking for alternative Stores-Of-Value of their assets and Gold or Cryptocurrencies are the choices that are in great demand. Apart from the Cryptocurrency Hype that has occurred recently, we cannot deny that Blockchain Technology has an important role in introducing a new Transparent system which is the reason for choosing Cryptocurrency as one of the favorite Store-Of-Value alternatives for traditional investors and even institutions.

Gold Price Overview

Gold has become one of the favorite commodity assets for everyone, Offers a stable price with instant conversion options making it one of the most preferred store-of-value alternatives, In the last 10 years the price of Gold has continued to increase with price developments of more than 30 years. % which makes it also one of the lucrative long-term investment options, although in the last few years the Gold Market has experienced a decline due to the impact of the Covid-19 Pandemic, which is one of the factors, several things that affect the price are travel restrictions that make the mining process hampered and difficult access to physical stores for traditional investors or others make it difficult to make purchases or sales at various physical retailers, this makes Digital Assets that represent various commodities and one of them gold increase in use. Even so, Gold remains one of the best performing asset commodities in the last 20 years.

Gold Or Crypto?

The topic that is currently the main topic of discussion everywhere, Blockchain Technology introduces an alternative Store-Of-Value that creates a form of digital currency called cryptocurrency and one example is Bitcoin which is very popular in recent years, Since it was first launched by Satoshi Nakamoto in in 2009 the price of Bitcoin continued to increase with its use also continuing to increase. Cryptocurrency introduces a comprehensive Peer-To-Peer system through Distributed-Ledger which is distributed on a Blockchain-based Public network so that it becomes one of the favorite choices for everyone because it offers a transparent and easy-to-use system, Users can easily send or receive each other anywhere they are located with very low fees and because of this people are starting to use Cryptocurrencies as an alternative store of value.

Decentralized does offer a new system for all but this is also a double-edged sword, Because Manipulation-Resistant makes it more volatile which makes it very risky, Compared to traditional Commodities which are regulated by a centralized entity, Cryptocurrencies are more volatile because no one controls the price and supply so vulnerable to rapid price movements, Provides investment options and Store-Of-Value with high profits but with greater risk, This is in contrast to Gold Commodities which are less volatile with price movements that are not too fast, making it the best option for Stores -Of-Value which is more stable, Broadly speaking, both have their own advantages and disadvantages and the answer itself can only be answered by each individual.

Gold & Crypto Combination

Digital Gold is one of the unique Blockchain Technology-based Ecosystems that offers both options in one place, the Team that designed this Ecosystem saw the potential of Blockchain Technology and therefore they implemented Gold Commodities into the Cryptocurrency market, Through their Platform everyone can buy or sell Gold in real time with a rate that is updated with the Global market so as to ensure the best rate. This ecosystem also makes it easier for the Cryptocurrency community to be able to buy gold without the need to go through various complicated processes or visit physical retailers that are vulnerable to Covid-19 transmission. With the Integration of advanced Algorithms that form the basis of the Framework Structure, They ensure the various processes are more efficient with fast time and low cost, The Integration of Price Chart Features also makes it easier for users to perform Deep-Analysis before they buy. Users can easily convert between Gold and Crypto in real time without the need to go through a centralized entity. The various processes are fully integrated with Smart-Contracts which ensure transparency and automation in real time. Through their Digital Currency that based on Ethereum Blockchain Technology (ERC-20), Providing an new Tokenization system to ensure efficiency for any transaction.

Backed by Real Gold

Transparency is the main goal of the team that designed Digital Gold, Each Token represents the Gold that is in the vault and users can also verify, Through the integration of Ethereum Blockchain Technology (ERC-20) users can see various transactions and the supply of Gold which is synchronized in real time with Vault Bullionstar, you can see more details here; https://gold.storage/audits

Conclusion

Gold or Crypto have their respective advantages for short or long term investment options, Gold offers a more less volatile price where Crypto offers the opposite with High risk but High Reward, Digital Gold tries to provide both options in a sophisticated Ecosystem that they design where every users can easily buy or sell gold and exchange it for Crypto or vice versa, the Chart Feature Integration also makes research easier. Their platform has also gone through various audit processes and guarantees the safety of its users, I have personally done several transactions on their platform and it is very easy to use, In addition, the integration of advanced algorithms ensures prices are updated in real time and provides the best rates.

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