A brief introduction to investing in gold with Digital Gold

bookreviews (11)in #gold • 5 years ago

The digital gold project is an ambitious one,it seeks to democratize gold investment and make it easy for users to access the opportunities in the gold market.

No more will one have to deal with complex paperworks and been afraid of thefts,Digital Gold takes care of all that,it brings transparency to the gold market as one unit of gold is pegged to one gold token,it leverages blockchain technology for low cost,easy and seamless transactions and all transactions can been easily tracked on the ethereum blockchain

Problems

Insecurity
It’s insecure to purchase and keep gold in your house,one could easily become a target for robbers.
The Digital Gold project makes it safe for individuals to purchase gold as the gold is stored safely overseas in the company’s custody.
It’s safe against physical thefts,it’s secured by the Ethereum blockchain and safe.

Portability
Before now,the purchase of gold required lots of movement and gold is not easily portable,the digital gold project makes the transfer of gold coins very portable by using the blockchain technology.

Transparency
Before now,considering the complexities of purchasing and storing gold,one has to go through a third party,this third party covers all the legal paperworks and everything concerning the trade,but most times one has come to discover that there exist very low transparency,sometimes the gold they claimed to have purchased does not exist anywhere.
The Digital Gold project leverages the blockchain for transparency,all gold token purchased will have an equal amount in physical gold and all transactions will be on the blockchain,so one can use a blockchain explorer like etherscan to view how the tokens are been traded.

The need for a safe haven
Gold has proven itself to be a true haven in financial disasters for thousands of years,Digital Gold seeks to make access to gold purchase and sell as simple as ABC.
A number of people are involved in crypto trading,while these assets are good,one cannot ignored their volatility,Digital Gold provides Crypto traders a means to invest in gold via smart contracts.

Users get charged a 0.99% annual storage fee.

Features of Digital Gold

Low cost
The cost of transferring or transacting gold in the platform is relatively low,users are charged an annual 0.99% storage fee.

Safe haven
The crypto market is highly volatile,purchasing gold gives a unique stability,owning the Gold token represents a powerful addition to one’s cryptocurrency portfolio.

Secure gold ownership

The challenges of purchasing gold entails finding a reliable supplier,
some paperworks etc and there exists a plethora of challenges with safely storing that gold,the Digital Gold platform in partnership with the Chubb Insurance company will help customers safely store their gold.
It will be safe against cyber criminals and physical criminals.

High liquidity digital gold
Users can purchase and sell large amounts of tokens via exchanges or through the Digital Gold marketplace,
The marketplace is available 24/7.

Privacy

Privacy is our concern,the Digital Gold platform will make the purchase and ownership confidential thereby keeping customers identity private