All new Bling - Digital Gold!

in #digitalgold3 years ago

As per leading investing experts, one needs to diversify one's investments and include precious metals to account for around 15% of one's total portfolio. Having said this, it is albeit natural that owning and holding physical gold comes with its challenges of being stolen and corrosion if not stored properly. Further, the liquidity of the gold would be very limited, one needs to verify the purity of the gold and many more issues. To overcome this challenge over 20th century, many companies and governments issued gold bonds that represented gold. But these lacked backing of real gold and would just be similar to IOUs or other bonds. Further, the liquidity of these bonds was still limited. Into the 21st century where now people demand new and digital avenues that can store and represent gold in a safe and secure manner. This is where blockchain technology comes into picture and this is what gave birth to Digital Gold's cryptocurrency GOLD token.

Digital Gold is a leading project which has created GOLD token which is an ERC-20 standard token which could be used by any investor to buy, store, sell, trade or transfer gold without the need to worry about holding gold or verifying the purity of the gold. Digital Gold project is registered as DIGITAL GOLD LTD, a company incorporated in St. Vincent and Grenadines and has well experienced members with knowledge of gold, markets, financial and technology sphere.


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How this works is that whenever a person purchases 1 token of GOLD, it is backed by the company with 1 gram of physical 99.99% fine gold that is stored in highly secure vaults of the company. Therefore, given that each token is backed by 1 gram of gold, it derives its value from gold and therefore a stable coin based on gold. Now this GOLD token is divisible and can be transferred as a whole token or divided into smaller parts for sale.

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In relation to the returns earned on GOLD, one should be aware that in the year 2000 gold was worth $270 per ounce which has grown to $1,900 per ounce currently. This return is far higher than holding cash or fiat currency. Further, gold has always been coveted by humans since before civilizations began. It has always been respected the most among metals and has been a subject matter of many movies, art, etc. Hence, it becomes one of the most stable precious metals one can buy and that the price is only likely to increase. Further, in spite of markets crashing during March 2020, the price of gold had only increased. Therefore, it is quite a sensible move to switch from fiat currencies or corresponding stable coins to GOLD stable coin.

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Given the liquidity and security provided by the GOLD token, it is likely to grow at a fairly good pace and capture the gold markets very soon. Currently the tokens are up for sale on Digital Gold's Market and can be purchased with Bitcoin or Ethereum. These tokens can be stored in most wallets that support ERC 20 tokens such as Metamask, Trezor, etc. It is also listed on Coinmarketcap, Bitforex, Catex, Coinsbit and Livecoin exchanges.

You can read the Whitepaper and About the company and also visit the Website to understand about the company and GOLD token better.

You can also reach out to me or drop in a comment if you want to know more about Digital Gold.

My Bitcointalk.org username is UKprod

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