Digital Gold — My new passive income

5 min readAug 29, 2020

Exchanges are in a fever

Due to the situation in the world, exchanges are in a fever. In times of volatile economic conditions, investors prefer assets that are protected from complete depreciation. Therefore, since December 2019, the price of gold has grown significantly and is now at a new record level. This is not surprising, because in turbulent times, gold has always been considered the best investment.

Yellow metal

Where did this yellow metal come from on planet Earth, asks the journalist of the Austrian newspaper Der Standard. According to scientists today, planets arise in space from thickened dust clouds. Dust cloud elements originate from merging stars and from supernovae. These astronomical events took place about 130 million years ago. That is, the gold that is now on Earth could not have originated here.

It can be assumed that as a result of galactic cataclysms and because of the high density, gold in a liquid state first descended into the core of the Earth. But in the course of volcanic activity, the metal rises to the surface, therefore, gold deposits are often found in areas with increased volcanic activity. Possible sources of the yellow metal could be meteorites that have fallen to the Earth’s surface over millions of years.

Although large nuggets are found from time to time, most of the gold is contained within the rock in the form of small particles, the so-called placers. The largest gold deposits are located in South Africa, Australia, Russia, China and the United States. The Russian Federation ranks first in the world in the extraction of placer gold.

In industrial mining

In industrial mining, rock is blasted and crushed in mines. Then, using a solution of cyanide or mercury, gold is extracted from it and purified. This creates toxic waste — hydrocyanic acid, cyanide dust and mercury residues, which leads to great environmental problems.

Gold is found in dentures and electronic devices. Gold can be smelted and reused as much as necessary. The amount of the precious metal currently in circulation is estimated at about 190,000 tons, most of which is jewelry.
An interesting fact: at the beginning of 2012, the citizens of India owned 18,000 tons of gold, and the state gold reserve of this country was about 560 tons.c

Stable coin

Gold is a stable element found in nature, mostly in pure form. Under normal conditions, it is not radioactive, does not decompose or rust. But the human concept of value, according to which gold is superior to other metals with similar properties, has more historical roots.

The spectacular color and comparative ease of processing made gold attractive to our ancestors. Last but not least, the desire to possess this precious metal and periodic “gold rushes” have secured a mythical veil for gold. And the labor intensity of gold mining plays an important role in its high cost.

Now, you understand why gold is so popular, expensive and needed asset. I want to carry on this topic with gold evolution, because gold today is not a paper or metal, it is a code on blockchain or digital gold which is backed by real physical gold in Bullion Star.

Gold Evolution

This is why the Digital Gold Enterprise was born one day. The Digital Gold project has made investing in the gold market easier ever, even for newbies. The token used to be an ERC20 based. GOLD is backed by physical gold, which is securely and secretly preserved. In details: 1 GOLD equals 1 gram of gold (99.99% purity) and physical gold can be tested at any time.

The Digital Gold platform allows users to conduct international transactions immediately and free of charge. Everyone can to buy or sell their existing gold in a few minutes on the Digital Gold website through the marketplace. All we need is to specify the transaction with the recipient’s wallet. Here you can see all the changes in commissions in the gold market for a more accurate assessment of the market scenario. The most interesting technical guide that works 24/7 and can provide a quality solution to the problem at any time.

So special

The GOLD token is a stablecoin. it is pegged to the spot gold price. Simply put, when the price of gold rises, your investment increases. The cryptocurrency market is volatile and mainly follows the movement of bitcoins. The GOLD token protects its users from market volatility.

Have you ever wanted to invest in gold but couldn’t for a variety of reasons, such as complex documentation, high purchasing requirements, and storage uncertainty? Digital Gold allows anyone to own gold thanks to blockchain technology and the GOLD token.

Conclusion

Digital Gold is a great project with a revolutionary mission, with a clear and understandable white paper available to everyone. The gold trading business will be revitalized with the gold-backed cryptocurrency tokens issued by Digital Gold, which function as a stablecoin and allow the user to easily own physical gold and trade it privately. In fact, these are several stable coins in circulation, but the Digital Gold is very different from them because it is not tied to national fiat money, but rather is linked to the price of precious real GOLD in the trading market.

Useful links:

Website — https://gold.storage/

Bitcointalk ANN — https://bitcointalk.org/index.php?topic=5161544.0

Get insight from the Whitepaper — https://gold.storage/wp.pdf

Twitter — https://twitter.com/gold_erc20

Medium — https://medium.com/@digitalgoldcoin

Reddit — https://www.reddit.com/r/golderc20/

Facebook — https://facebook.com/golderc20

Telegram Group — https://t.me/digitalgoldcoin

Writer’s Information

Bitcointalk username — TonyMontana777

Bitcointalk Profile Link — https://bitcointalk.org/index.php?action=profile;u=2169832