Financial guide: how to invest in gold?
I will tell you in detail how to invest in precious metal — and why.
How to invest in gold? This question is now asked much less often than people are interested in buying cryptocurrencies or stocks, but in vain. According to many experts, investing in gold is not just a promising direction, it is a guarantee of a stable future.
Against the background of the increasing virtualization of the world, when almost all payments are made electronically and with the help of bank cards, many people are beginning to completely forget about the energy of money and its real weight in the broadest sense of the word. But gold is just the most real and real thing that can be in the financial world. In addition, it is important to know that investment gold (in bars and coins) is a physical asset, and in the world it is limited. It is no coincidence that gold is called the “world currency” and its price has increased many times over the past 20 years. Moreover, this growth is stable, even taking into account different price jumps on world exchanges.
Many wealthy people say directly that buying gold is a stable investment. You just need to understand that investing in bullion or coins belongs to the category of long-term investments: the metal will not bring instant profit, such as a successful purchase of shares in a developing company or playing with currencies on stock exchanges.
Yes, the aforementioned fluctuations in gold prices on the stock exchanges are possible, but in the long term, this metal still retains its value, and invariably for not decades, but centuries. Here one of the reasons is that, although gold is constantly mined in different parts of the world, its reserves are increasing more slowly than many different financial market instruments, real “paper money” or virtual ones, appear. And if “paper money” can start printing in any country by simply giving the appropriate command and turning on the machine, then it will not work with gold.
Be confident in an unpredictable economy
The stability of deposits in gold is pointed, for example, by the fact that it is still part of the reserves of the largest and most powerful banks. Moreover, it is not the first year that a clear trend has been visible: large banks are increasing their gold reserves. Such powerful countries as China, India and Russia, which are increasingly striving to dominate the world, are also increasing their gold reserves.
Large investors believe that gold, especially when invested in it in advance, allows them to feel confident during global economic hard times. It is no coincidence that deposits in gold are growing in the world today, since, according to many authoritative analysts, global changes in the economy may occur as early as next year. Whether there will be hard times or a transition to some other type of mutual settlements is still difficult to say, but it is the deposits in gold that allow entering, feeling stable, into a very unpredictable future.
Gold or Digital Gold— which is better?
- One of the reasons for digital gold. When an investor decides to purchase even a small amount of physical gold, there are commissions at the time of purchase — and often quite high.
- There are no asset management fees in the digital gold. When you buy regular gold, you pay a spread — from 2.5% to 5%. Moreover, this is already included in the price. The spread includes various costs of gold production, delivery of the metal from the factory, and finally, the seller’s services.
- Each GOLD token is backed by physical gold in an extremely secure vault. The gold pendant is checked over a period and can be checked online. Each GOLD token receives an Ethereum abuse smart contract and, in addition, the number of tokens available for use is constantly increasing the total amount of control over gold bars in the vault.
- Confidentiality. When performing any operations, the user only needs to specify his Ethereum address. No need to undergo KYC procedures. Everything is completely anonymous.
- Guarantee. All tokens are fully backed by physical gold, which contributes to higher prices and continued growth. This can be seen in real time. To increase the level of trust, all physical gold is stored in a secure vault at the branch in collaboration with BullionStar.
- Liquidity. The owner of a gold token can instantly buy or redeem tokens on the website or through partner exchanges.
The decentralized nature of the blockchain ensures that digital ownership of gold cannot be hacked or altered in any way. Digital gold businesses can also get used to carrying a reliable answer to the problem of illegal gold mining. In this situation, all the gold present on the planet is represented. While it’s worth to be grateful for, gold can be improperly mined and can exist without being presented. Indeed, with the advent of digital gold, this will come to an end in light of the fact that digital gold, when gold is mined, tends to be represented. While this is entirely possible, in order for this to become a reality, all participants in the gold business must come to an agreement.
Conclusion
In fact, Digital Gold is definitely expecting significant activity in the mass distribution of gold stablecoins. In this way, it will overcome any obstacle between conventional cryptographic types of cash and stablecoins. Thanks to this, everyone can use the giant stablecoin Gold points of interest in cryptocurrency theories. Putting assets into digital gold is no doubt a matter of the entire transaction. In line with this, budget professionals should begin setting adventure goals when starting a venture.
Useful links
➤ Digital Gold — https://gold.storage/home
➤ Whitepaper — https://gold.storage/wp.pdf
➤ ANN — https://bitcointalk.org/index.php?top...
➤ Medium — https://medium.com/@digitalgoldcoin
➤ Facebook — https://www.facebook.com/golderc20
➤ Twitter — https://twitter.com/gold_erc20
➤ Telegram — https://t.me/digitalgoldcoin
➤ BTT username — GZanotti
➤ BTT link — https://bitcointalk.org/index.php?action=profile;u=1970044
➤ MEW — 0xfAAD3A389aa6EB415d63990de6a2A464dba957aA
