How to invest in gold with the digital gold platform

bookreviews (11)in #gold • 3 years ago (edited)

The USA is on the verge of finally releasing a $1.9 trillion stimulus package to its populace, this is coming after the release of previous packages.
The coronavirus pandemic is punched a lot of holes in many economic plans both for individuals and nations, many currencies around the globe are getting devalued at a massive scale, many are turning to cryptocurrencies, why they offer greater profit margins, one cannot rule out their massive volatility.
The digital gold token offers anyone a way to invest in a safer asset(gold) using cryptocurrency technology(blockchain), each token is pegged to actual gold that sits securely in some safe and auditable custody.

Why you should buy gold

Currency devaluation: A lot of financial experts from Robert Kiyasoki etc are advising that everyone should own at least some amount of gold as hedge to their currency.
I was at the market few days ago to purchase some food items,I was shocked at the rate of inflation,articles and goods price have surged over 300-400% in less than a year,which means the purchasing power of our currencies are getting devalued by the day.

Savers are losers : When we compare the profit from investing $1000 in gold and leaving same amount in the bank for one year,we see that investing in gold is more profitable as interests rates are near zero at the moment.

Current Problems Faced When Trying To Buy Gold

Accessibility : Many have not seen real gold before,they don’t know how it looks and therefore cannot differentiate between real or fake. The purchase of gold in many places is not readily accessible to everyone and anyone from any class,it’s riddled with the hurdle of attaining certain financial status. Most people cannot even afford the minimum amount.

Security : While it’s good to buy,own and store gold as it appreciates in value,a lot comes with securing it. One may take the option of keeping it at home and risk the chance of theft or pay for some third party custody(like banks) which cost money.

Private: Most cases buyers are required to provide KYC documents before they can buy and sell gold. While this is good for some form,an evil actor who has access to such information may do evil with it.

The Digital Gold Solution

The digital gold platform offers a token that lives on the Ethereum blockchain,it inherits the blockchain security,it’s a token that is backed by gold on a 1:1 ratio. It’s auditable from time to time. It enables anyone buys gold without actually buying the physical gold.

Liquidity: There is a very liquid market for the token,you may purchase or sell any quantity at any time that you please

Privacy : Anyone can purchase the gold tokens from the platform marketplace at the click of a button without actually submitting any details

Security : When you buy this tokens,the physical gold is stored in the company 3rd party custodian vaults while you get to store the tokens on any ERC-20 compatible wallet.