Digital Gold — store your Gold on the Blockchain

Unknown Op
3 min readApr 21, 2024

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Gold is an extraordinary resource for financial backers to enhance their portfolio. It is an extraordinary resource for own to shield you from expansion.

The cost of Gold

Gold is a resource that is known to safeguard its financial backers from expansion.
Here is only a speedy model
In the event that one had put 300 Bucks in 2000, these 300 Bucks would be valued at 1450 Bucks in 2020.
On the off chance that one would have quite recently held his cash in US-Dollar these 300 Dollar would have a purchasing force of around 200 Bucks. Furthermore, dissimilar to paper cash, gold can’t be duplicated voluntarily. This impediment and the tremendous interest simultaneously guarantee that the Gold cost ascends over the long haul.

Gold Graph

Putting resources into Gold

Gold has a few critical burdens like its stockpiling issue. On the off chance that you put into Gold you need to store your Gold some place, where it is secured and safe.
Another angle is what one can not go with 100 kg of Gold in your sacks.
There are various conceivable outcomes to put resources into Gold:

Gold Declarations

Certain monetary endorsements mirror the gold cost, yet are not kept with actual gold. On the off chance that the guarantor of the venture becomes wiped out, the financial backer is in danger of misfortunes up to and including complete misfortune.

ETCs

Trade Exchanged Wares (ETCs) are bonds that securitize the worth of a specific measure of gold and frequently incorporate a right to the actual conveyance of that gold. There is likewise a gamble of the backer failing, since financial backers may then need to uphold their cases in court.

Gold offers

Interests in the portions of mother lode administrators are likewise viewed as a type of interest in gold. Be that as it may, not just the gold cost is significant at the cost advancement, yet additionally different factors like the innovative abilities of the individual administrator and the general improvement of the securities exchanges.

Digital Gold

This is the justification for why Digital Gold (https://gold.storage/de/home) concocted its Gold-token. Every Gold token is upheld by 1 ounze of 1 Gramm Gold — 99,99% Gold.
Every GOLD token is 100 percent covered by actual gold, which is kept in a protected vault.
The Gold.storage site permits the GOLD symbolic holders that a limitless measure of GOLD can be purchased/traded right away and whenever on their site this implies GOLD token can be sold whenever.

Benefits

First you don’t have to stress where to store your gold in the event that you have bigger measures of gold ounzes. Your capacity expenses and administration costs, contrasted with the expense of putting away gold at a bank, are essentially lower.
Besides, it takes care of the issue of going with gold — Essentially, you simply have to have your confidential key with you.
The GOLD-Token is an ERC20 token which menas it depends on the ethereum blockchain. In this way you just need the confidential key for your eth wallet to get to you gold.
Finally, in the event that you want your Gold in actual structure you can return to the gold.storage site and exchange your tokens for actual gold at some random time.

For more data about this incredible undertaking with loads of capacities, you can visit the accompanying connections:

WebSite: https://gold.storage/home

Facebook: https://www.facebook.com/golderc20

Ann: https://bitcointalk.org/index.php?topic=5161544

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

Whitepaper: https://gold.storage/wp.pdf

Author

Bitcointalk username: Unknown Op
Profile Link: https://bitcointalk.org/index.php?action=profile;u=3514460
My Eth-wallet address: 0xC8A9FdCe2eE6384e82520bE38f3db12e5C334225

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