Gold is a fascinating metal that has been used for thousands of years on our planet. A symbol of wealth and power, but also a currency and a store of value. In modern times, gold is being used in many electronic devices and in the medical industry. It is a very conductive element and it can transmit both heat and electricity. Ductility is one of its most significant qualities. Just one ounce of gold can produce over 80 Km of gold wire or a sheet covering of 9 square meters. Gold is the most rust-resistant precious metal that we know of. It corrodes only by a mixture of nitric and hydrochloric acid.

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Gold is precious also due to its scarcity. We are running out of gold, the out-of-space metal. Imagine a tennis court. That is the rough size of gold reserves that experts predict are still left in the crust of the earth.

An element that scarce, useful, and beautiful is now available in a digitalized form thanks to Digital Gold, https://gold.storage/en/home. What makes Digital Gold so special? Are there advantages of owning digital gold? You will find the answers to these questions and more below.

Gold Becomes Digital

GOLD is an ERC-20 token and native currency of the Digital Gold platform. GOLD Tokens are now the easiest way to transact with and store gold, with complete privacy and volatility protection.

Each GOLD Token represents 1 gram of 99.99% fine gold. The tokens are backed by real physical gold that the Digital Gold company stores in protected vaults in Singapore. Transparency and audibility are of crucial importance in the gold industry. That is why each gram of physical gold can be verified by the public at any time. GOLD Tokens always match the total amount of gold that is physically stored.

GOLD Tokens can be purchased on the official Digital Gold Marketplace. The company is also a gold liquidity provider, empowering users to become gold owners in just a few minutes.

Why should you use Digital Gold and be interested in a GOLD Token? Continue reading for the answers.

Have the Upper Hand with Digital Gold

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Owning gold in a digitized form has many advantages compared to traditional gold holdings.

• Privacy
• Quick Liquidity
• Cost Savings
• Security

Privacy

Owners of GOLD Tokens are 100% anonymous. GOLD presents the only choice for investors who want to protect their privacy. When trading GOLD Tokens users are never required to reveal their identity or present identifiable and private information. All that is needed is an Ethereum address to store the tokens.

Digital Gold LTD is the leader in simplicity, and the company has demonstrated how easy it can be to purchase and sell gold.

Quick Liquidity

Digital Gold tokens can be purchased on BitForex in exchange for Ether, Bitcoin, and USDT. The company also has its own easy to use marketplace based on an Ethereum smart contract. These exchanges allow investors to buy and sell GOLD Tokens in just a few seconds because the company acts as a liquidity supplier. This speed and simplicity are unthinkable on the traditional gold market.

Digital Gold is available for investors worldwide and on-demand. They are free to buy and sell large amounts of tokens with guaranteed liquidity at all times.

Cost Savings

The Ethereum blockchain is perfectly suited for the Digital Gold platform. Transactions are fast and inexpensive. Digital Gold tokens can be sent anywhere in the world for free. Standard Ethereum gas fees apply. The project has the lowest annual storage fee in the gold industry. A 0.99% annual service fee is applied.

Storing gold with Digital Gold is significantly cheaper than storing gold bullions at a bank or in a personal safe.

Security

There are many known problems associated with physical gold and its safe storage. These problems begin with finding a reliable supplier who will offer a fair price. The next step involves contract negotiations, filling out paperwork, identity verification, and regulatory compliance. The last step is to secure your new gold assets.

Here, the investors have two choices: Storing it in a bank vault, or in a personal safe at your home. The first option requires finding a suitable bank, filling out additional paperwork, and being subjected to expensive storage fees. Storing gold in your home is not easier. It entails the costs of purchasing a safety deposit box, transportation of the gold, and protecting it, and yourself from theft.

All this can be avoided with Digital Gold. There are no verification procedures. The gold is safely stored and insured by the Chubb Insurance Company. Thanks to the robust nature of the Ethereum blockchain, investors are protected against theft and loss of assets. Each GOLD token is backed by 1 gram of physical gold. Live audit reports are available to anyone who wants to confirm this.

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Final Words

The common man now has a simple way to enter the gold market thanks to Digital Gold. The quickest but most reliable way to store gold. The GOLD token is the most cost-effective option on the gold market, and yet it is 100% private, liquid, and bears none of the nuisances accompanying physical gold.

Website: https://gold.storage/en/home
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2437930

Sources:

1. https://gold.storage/wp/White_paper_en.pdf
2. https://gold.storage/en/home