Is gold now passe, no longer relevant in this age of crypto currencies?

in #gold3 years ago

images - 2021-07-12T191732.951.jpeg

Bitcoin and other cryptocurrencies have rocketed to the moon, commodities are rising sharply, and stock indices set records day after day, but gold, it has been dead in the water for months, leading a lot of observers to declare that the yellow metal is no longer a shield against excess money printing a victim of high tech currencies, the skeptics are wrong. There are sound reasons why gold has been the best store of value for 4000 years, more reliable than any other commodity, including the new electronic varieties. Here's why. Gold is rare, but not too rare. The gold supply grows averaging an increase of nearly 2% a year. Despite advances in mining technology that averages held, which is not true of other metals such as silver or copper. The supply of Bitcoin, in fact is fixed. Gold can't be destroyed, it can't be consumed, every ounce that's been mined is still in existence, which means you don't have supply shocks as you would say with wheat. If there's a drought that sends the price up sharply. Gold is easy to store and transport. Unlike oil, it can't be hacked. For centuries, countless attempts were made to replicate the yellow metal in the laboratory, which was called alchemy. The alchemists always failed, which is a contrast to diamonds, which can be artificially created. So why hasn't the price of gold surged recently, critics overlooked that the yellow metal went up around 50% between summer 2019 and the summer of 2020. Since then, banks have been holding lots of cash as have consumers. But that is about to change. Big time.

images - 2021-07-12T191535.068.jpeg

Price of Gold about to Pump Shy high!
The Biden administration is determined to shovel out the $1 trillion from previous pandemic relief measures the remains unspent, it will soon trade around through Congress, another COVID-19 bill of almost $2 trillion.
Now that number might be trimmed, but it'll still be a whopper. The White House wants to follow that with an additional $3 trillion for infrastructure. And I wants the Federal Reserve to print the money to pay for all of this, which the Fed seems all too willing to do. As this tsunami of cash floods to the economy in the second half of this year, and going into next year, inflation will surge, and so will the price of gold. Of course, Washington may try to prevent a serious inflation by say, jawboning banks to reduce the volume of new loans by the Fed paying high interest rates on banks, excess reserves, but don't count on it. Washington seems oblivious to the coming danger.

With this info, you might want to get your hands on some gold. What is the easiest, most secure and comfortable way to buy gold?
Have you heard of The Digital Gold Platform?

8SzwQc8j2KJZWBXFXnbnQ1FtoZhRqrTWozhqoqWHpGmpmoFbNx4ssENzkZj4EGnatuKWhh5Ne27xeCpDNZgEGocMaVtkHiazga1s6DpBgDqEP9Jefhg.jpeg

DIGITAL GOLD PLATFORM provides you a Cryptocurrency that is 99.9% backed my physical gold called GOLD Token. The Gold Token is a ERC20 token. Can be purchased easily via the gold.storage just like buying physical gold the only difference is that you'll be buying it at your convenience.

You might feel skeptical about investing in anything relating to crypto as a result of the recent deep but this token has should sustainable immunity towards it all, which is a notable feature of Physical Gold. And has shown several signals of a future increase

-> Is the GOLD TOKEN safe?
The Gold Token is based on the blockchain technology. The blockchain technology is secured by cryptography.With the help of cryptography which is a basic element of the blockchain technology, data entry and a new block creation fully authenticated. Also, because blockchain is a decentralized network, there is no central command center and everybody has an access to view the data hence, a data can not me altered without being flagged. Therefore, the risk of hack of your digital gold coin is impossible. Security not your Gold Token is guaranteed.

-> How much is the transaction fee?
There is no transaction fee. All transaction fee are free. You can perform as much transaction without any cost

-> What is the minimum amount of Gold token that can be purchased?
The gold coin platform allows you to buy gold even as low as 0.5 grams. This creates a room for people who do not have a large amount of capital to be exposed to gold at anytime.

-> How much is the insurance and storage cost?
The digital gold platform provides investors with GOLD TOKEN which is equivalent to owning a physical gold. This physical is stored in Billion Star Vault in Singapore. And this security does not attract any cost from the investor. It's ball free of charge.
Along with the storage, the gold are fully insured and it's free.

GOLD COIN MARKETPLACE

The Digital Gold Coin has a marketplace for an easy, and secure purchase of Gold with the Digital Gold token
->>> Digital Gold marketplace: https://gold.storage/market

DIGITAL GOLD COIN LISTED ON UNISWAP
The digital gold coin is listed on Unisawp. This would allow Gold Token to be easily exchanged to Eth or other stable coins via the Unisawp platform

->>>UNISWAP

Conclusion
There's is no easier or more secure way to invest in gold than this.

Exchange: https://cryptex.net/trade/GOLDUSD
Website: https://gold.storage/
Facebook: https://facebook.com/golderc20
Twitter: https://twitter.com/gold_erc20/
Telegram: https://t.me/digitalgoldcoin
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20/
Whitepapper: https://gold.storage/wp.pdf
ANN: https://bitcointalk.org/index.php?topic=5161544.0
Bounty: https://bitcointalk.org/index.php?topic=5164058.0

MY PROFILE
BITCOINTALK UNSERNAME: LEON331300
BITCOINTALK URL: https://bitcointalk.org/index.php?action=profile;u=2215507;sa=summary

Telegram: @Leon3313000
Eth Address:0x601D68c1800384C799E8Ac55f4F57Acf93C3fAAF

Coin Marketplace

STEEM 0.20
TRX 0.14
JST 0.029
BTC 67363.69
ETH 3247.42
USDT 1.00
SBD 2.66