Digital Gold - Tokenized Gold. 1 token = 1 gr. pure gold.
Hello. Today I'm writing about a very interesting topic, that will be very relevant in the current crisis. I’m talking about one of the most expensive metal on earth, which love and respect almost all people in the world, of course, this is GOLD.
This is a unique metal, which doesn't lose its value over many thousands of years. You can recall how even in ancient Egyptian times, the pharaohs walked fully decorated in gold. For gold coins you could buy almost anything you want.
That is now any economically developed country holds huge gold and currency reserves. Now o lot of ladies like wear gold jewelry. And as you see, gold is always more valued, not silver, and not some other drag metal. Especially it now, in this hard crisis with dangerous coronavirus. The consequences of this virus we'll see for many years. A lot of people want to save many and sell assets, real estate, and actively buy gold. Some people buy bars, some people buy ETFs gold, each has its strategy.
If we look at the graph below, then we can see then within 1-year gold haw grown-up for 46, 75 percent. None of the banks don't give you such a big percent on deposit.
But ordinary users not so easy to buy gold. If you go to the bank, then after you bought gold you need a safe place to store it. And the bank buys back at a different price, much lower if you leave some scratches on the bars. Or if you want to buy the ETFs gold, you need to open a brokerage account, which is not available in every country and not for every user.
So today we discuss a company that will help us quickly and anonymously buy gold - Digital Gold ( https://gold.storage )
Here we can see that what many companies talking for a long time, but no one couldn’t realize that. I’m talking about gold tokenization.1 gold token = 1 gr. pure gold. All tokens are guaranteed by real gold, which is in the store. Now for buying this drag metal you don’t need to go to the bank or thinking about where to store your gold. In Digital Gold you just buy erc 20 token, which is guaranteed by real gold, and you can sell it at any moment you want. And you’ll pay only a small commission for storing gold, it’s 0.995 % per year.
The gold audit you can check in real-time. For this you need to go web site https://www.bullionstar.com/myaccount/audit – and write account number 17081 and you’ll see how much gold currently has Digital Gold. At this time of writing article, they have a 192 bar - each weighs 100 grams.
Now we can look at an advantage for regular users and for active participants in the crypto market.
For crypto users you can use this token like a stable coin, the price for which be supported by real gold. Because the price of 1 token always is equal to 1 gram of gold.
For regular users this is a chance to quickly and easily buy gold. And the main advantage is that the spread (the difference between buying and selling) is very low, unlike the bank. For example, in my city, a bank sells gold at 4199 rubles per 1 g., but buys back at 3806 rubles per 1 g., as we see the difference is 10%. And on the Digital Gold platform the spread is about 5%, and this is a very big difference in such a market.
I recommend you to look at this interesting tool on drag. metal market. Here you can invest in real gold using cryptocurrency and be completely anonymous.
Site - https://gold.storage
Twitter - https://twitter.com/gold_erc20
My BTT account - https://bitcointalk.org/index.php?action=profile;u=864476