Buy ,sell and invest in physical gold with digital gold

5 min readOct 28, 2019

Investing in cryptomarket always comes with a high risk of losses but the Gold token is not just any token, which you shall learn as you continue reading.

Digital gold is a blockchain-based project that aims to merge the gold market with blockchain aiming at digitalization of gold the precious metal which have been used as a means of payment and investment for thousands of years. Customers can use the platform to instantly purchase the GOLD token, each coin being equal to one gram of 99.99% FINE gold that is stored in the company’s(DIGITAL GOLD LTD) vaults. As such, the tokens enable users to indirectly use gold to make monetary transactions, or to leverage it as a wealth storage method.

To help provide a superior degree of trust, all gold purchased via the GOLD token is stored in the company’s secure vault, in partnership with BullionStar. Every GOLD is issued using ethereum smart contract, the total amount of GOLD tokens put into circulation can be confirmed via an Ethereum block explorer and 100% of this tokens purchased are covered by physical gold. The amount is equal to the value of physical gold that is purchased on behalf of consumers and stored in a BullionStar based secure vault. Users are free to carry out their due diligence by verifying the BullionStar live audit reports. As such, a third-party audit report is issued every quarter, thus confirming the value of gold being stored.

With that being said The Digital Gold project is not an Initial Coin Offering, as no crowdfunding effort is being carried out. All operations are self-funded, thus any acquisition of the GOLD token results in an instantaneous smart contract-based purchase of physical gold

WHY BUY GOLD TOKENS?

IT IS A stablecoin:

The token is pegged to the value of the gold spot price, thus also acting as a stablecoin, protecting it against market volatility on the cryptocurrency market, while also allowing users to benefit off long-term gold price uptrends.

SECURE GOLD OWNERSHIP:

With GOLD Tokens customers can be proud owners of physical gold taking advantage of the green investment promise of this precious metal without going through the hassle associated with acquisition and security of GOLD.

HIGH LIQUIDITY:

Customers can easily sell or trade unlimited gold tokens anytime anywhere, since the token issuer company, DIGITAL GOLD LTD, also works as a liquidity supplier. Users are permitted to instantly purchase and sell large amounts of tokens, via the Digital Gold Marketplace, or partner exchanges.

UNCAPPED PURCHASE LIMIT:

Unlike the previous system, you can purchase GOLD in little or big amounts, and there is no top on the measure of digital gold you can sell or purchase.

ROUND THE CLOCK CUSTOMER SERVICE:

24\7 service enables sell, purchase, and trading of GOLD Tokens.

PRIVATE OWNERSHIP:

We know how important privacy is thus there is no need to provide any personal data to buy, sell or trade with GOLD Tokens, with the only provision of e-mail Which is important for confirmation of transactions made with GOLD Tokens.

MULTIPLE WALLET SUPPORT:

GOLD Tokens are support by different wallets listed below
MyEtherWallet
MetaMask
Guarda
Ledger Nano S
Trezor

Features of Digital Gold

SIMPLE, FAST AND USER-FRIENDLY MARKET PLACE
The digital gold marketplace is a user-friendly market place aimed to facilitate an easy, effective and efficient purchase/sale system, users can buy and sell GOLD Tokens anytime with 24\7 customer support systems to facilitate the easy experience for customers experiencing difficulties.

This ecosystem also show price and fluctuations of gold in real-time

LOW COST OF STORAGE:

Low-cost services comparable to the cost of storing gold in the bank with no hassle of dealing with precious metal storage-related issues.

NO TRANSACTION FEE:

make unlimited payment with GOLD Tokens without any transaction charges incurred.

INSURED SECURITY:

All risks are covered at full replacement value with digital gold, the insurance contract is currently provided by one of the world’s largest insurance underwriters, the Chubb Insurance Company. The insured gold is stored in Singapore, which is a perfectly-viable location thanks to its strong property rights. It is also relevant to mention that blockchain technology provides security against cyber risks as well.

TRANSPARENCY:

In the digital gold marketplace, it’s all about transparency and straightforwardness. There are no concealed charges to stress over and you will be furnished with all basic trading data. Every transaction made on the Digital Gold Marketplace is visible to everyone.

NO DOCUMENTATION:

Previously, buyers or sellers of gold required to fill some documentation, but in Digital Gold Marketplace, with just a click, purchasing or selling procedure becomes simple and there’s no requirement for documentation when acquiring digital gold.

You can access the Digital Gold Marketplace here https://gold.storage/market That is an avenue where you can buy, sell or transfer GOLD token that serves as your real gold asset.

Intending to advance the marketplace for the GOLD token, they also list the token at Cryptex Exchange. You can access the exchange right from this link: (https://cryptex.net/)

In conclusion

Digital gold aims to digitalize the gold market making it easily accessible, so what are you waiting for entering a trustworthy fraud-free market with digital gold and become a proud owner of gold.