Digital Gold — Your Smart Investment In GOLD
Gold is valued around the world for its own value, that continues to be interwoven into civilizations for centuries. Coins comprising gold emerged approximately 800 B.C., Through the years, people have continued to maintain gold for a variety of factors. Societies and economies have put a value on gold, thereby perpetuating its value. It’s the alloy we fall back on if other kinds of money do not get the job done, so it always has some worth as insurance from demanding times.
Gold meets Blockchain
Today, with blockchain finding set up as a secure bookkeeping strategy, as well as Bitcoin, winding up known to the total population, another period of gold-supported cryptographic money is rising. There is an infamous (and exacting) dash for unheard of riches happening today in the crypto world, as well as nations, are hoping to issue their own gold-based cryptographic currency.
A sign for digital gold is coming. Peter Grosskopf, The Sprott CEO (A global alternative asset manager with a defining focus on precious metals and real assets) in correspondence with Kitco News, he claimed that the future of gold is digital. Sprott has offered several new partnerships which fuse modern digital blockchain technology with traditional valuable metals trading procedures.
Digital Gold Token Project
Digital Gold is a project blockchain-based, designed to Promote the Digitalization of financial markets, and afferent investment tools. It expects to accomplish this by allowing users to Buy coverage in gold.
Its an Ethereum ERC-20 based, user can opt to ship the token anyplace on the planet, without needing to be concerned about explosive transfer charges, because most of the transfers are not free. Users are also allowed to create unlimited payments since the service doesn’t inflict account limitations. Users must note that transports nevertheless demand the gas’ tax billed by the Ethereum network.
Hence GOLD token users may expect to get a small proportion of the holdings billed on a daily basis. It’s crucial to consider that the support price was made to be comparable, or lower than the fees related to saving gold in a depository or lender. Users may expect to cover a 0.99percent annual storage fee.
Why GOLD?
Weakness the value
Even if the USD is among the planet’s most important reserve monies, once the value of the dollar drops against other currencies this situation drives people to flock into the gold for hedge their asset value, which this case increases gold rates. The cost of gold almost tripled between 1998 and 2008, reaching the 1,000-an-ounce landmark in early 2008 and almost doubling between 2008 and 2012, hitting the 1800 -$1900 mark. The decrease from the USD happened for numerous reasons, including the nation’s big-budget and trade deficits and a massive gain in the currency supply.
Deflation Protection
Deflation is defined as a period where costs fall when business activity slows and the market is burdened by excessive debt, during the Depression, the comparative purchasing power of gold jumped while other costs dropped sharply. This is because individuals opted to hoard money, and also the most popular place to hold money was in gold and silver gold.
The way is changing, GOLD Token is a smart way for your investment in GOLD. The Digital Gold project didn’t conduct any Initial Coin Offering, as no crowdfunding campaign has been completed. All surgeries are self-funded, hence any purchase of this GOLD token contributes to an instantaneous smart contract-based buy of gold.
The global interest in the gold market is well known, whereas the value of gold Exchange-Traded Funds (ETFs) surpasses the $100 billion thresholds. Together with the GOLD token, the metal is now able to be more than the usual wealth storage system and investment instrument. With the support of all blockchain, gold is now able to work as a payment way of transactions of all sorts.
Project links:
Website | Whitepaper | Twitter
Author:
Bitcointalk account: roberdecryptos
**Disclaimer: This article was created in exchange for a potential token reward through Digital Gold Bounty Reward Programme
