- History
Gold has been a store of value for at least 3,000 years. - Inflation is Good for Gold
Gold traditionally been a great hedge against inflation, and it’s price tends to rise when cost of living increases.
Inflation eats away at cash and bonds, but Gold is a safe haven. - China & India Love Gold
Prices in India have been at all-time highs and constantly rising, and gold has become a prominent gift in China. The global demand has increased, and so have prices. - The Supply is Shrinking
There’s only a finite amount of gold in existence. And it’s all that can ever be created. It’s only going to get more and more scarce. The “easy” gold has already been mined, so the increased cost of mining will push up gold prices. - Central Banks are buying gold at the fastest pace in six years.
Since 2010, central banks around the world have been buying gold as they diversify their reserves. They purchased a whopping 371 tons in 2017. Central banks buying gold in order to store value is a good sign that investors should do the same. In 2019, the People’s Bank of China is continuing to increase its bullion reserves.
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