Digital Gold — Why do investors love gold?

Firstly, Gold is a metal

that throughout the history of mankind has played the role of a special commodity — money. For thousands of years, gold successfully served as a universal equivalent, until it was replaced by defective money. The combination of its physical properties and aesthetic qualities (resistance to damage, ductility, divisibility, portability, resistance to chemical influences and noble luster) provided gold with absolute value. Therefore, even now that the gold standard has gone down in history, gold remains one of the main protective assets.

Why?

Protective assets are anti-hard time instruments, means of hedging investment risks. In a situation of economic hard times, when stock markets collapse and the currencies of most countries devalue, it is difficult to predict which companies and national economies will grow in the post-hard time period, and which will be particularly negatively affected by the recession. The only thing that can be predicted accurately is that gold will remain a stable value.

Gold and foreign exchange reserves. Why do most countries around the world still replenish their gold and foreign exchange reserves, even though the era of the gold exchange standard ended in 1971?

The fact is that the Central Banks of economically developed countries also consider gold as a protective asset that can strengthen the position of the national currency in a global hard times. The maximum gold reserve is in US gold and foreign exchange storage facilities, it is about 8,000 tons (or three quarters of all gold and foreign exchange reserves of this country). The US dollar is largely considered the world’s major currency, which has such a significant gold “reinforcement”. Among the world leaders in gold reserves are Germany (over 3,000 tons), France and Italy (2,500 tons each), as well as Russia (more than 2,000 tons).

For the national currency, gold is a solid security, a guarantee of reliability and stability. In addition, gold is a highly liquid asset, a traditional international means of payment and settlement. Gold reserves are an indicator of economic independence of the state, its competitiveness in the world market. Therefore, the trend of increasing gold reserves remains unchanged, and prices for this asset in the long run only increase (with minor adjustments during periods of stability).

The Great Case of 1929

and the abolition of the gold standard in the United States in 1933 led to the devaluation of the dollar and rising gold prices. Then the price of gold remained fixed at $ 35 an ounce for several decades, so the economic hard times of 1957 did not affect it at all. But with the abolition of the gold exchange standard in 1971 (and the final departure from the gold supply of the dollar), gold prices rose sharply, and the economic hard times of 1973 intensified this trend. After 1980, the price of gold declined, but “Black Monday” in 1987 made its adjustments, and gold rose in price for some time. A new upward trend emerged after the tragic events of 2001. Gold reacted to the 2008 hard times with a sharp rise and a slight adjustment that followed. The peak in 2011 was followed by a decline in demand for gold as an asset, but the hard times of 2020 and the collapse of stock markets again led to higher prices for this precious metal.

How to invest in gold?

The most modern way of investing in gold is its digital form. Now, I want to tell you more about it.

Digital Gold is a blockchain-based enterprise backed by an incredibly profitable physical asset; Gold. With digital gold, auditors will now have the ability to effortlessly convert assets into physical gold. You just sit comfortably at home, visit the Digital Gold website (https://gold.storage) and buy your gold with your crypto money without facing any distinctive proof methods. Each gold token is almost identical to a 99.99% gram of FINE gold, which was recently taken care of by the association’s warehouse. The Digital Gold Association is itself a supplier, so budget pros get access to endless purchases and offers of digital gold in the Digital Gold business space at no additional fees. Separated from banks, digital gold offers the most cost-effective strategy for verifying and placing assets in gold and the associated accumulation problems. Security is key to organizing the digital gold market, as customers can follow all the basic steps to obtain gold without revealing their nature to anyone untouchable.

Why should you purchase some GOLD?

Gold is absolutely a worthy solution for any investor to diversify their asset portfolio and balance risks. Buying a GOLD token is an excellent solution in case of market volatility.

In the future, undoubtedly, the gold price will continue to rise. However, for centuries it has been used as a merchandise, store of value, or payment method. With the advent of blockchain technology and its impact on the cryptocurrency space, gold will undoubtedly benefit from the popularity of this technology.

-Final thoughts.

The GOLD token also provides high liquidity as, by organizing tokens, Digital GOLD LTD acts as a quality provider, while customers can also purchase a range of tokens through Thi digital gold. Customers can send and move gold token without worrying about transaction costs.

GOLD token also allows customers to buy insurance against physical gold, the latter can be used to hedge against uncertainty or changes in the market. The GOLD token can be bought, sold and exchanged in a similar manner. See you!

Links:

Website : https://gold.storage/

Marketplace: . https://gold.storage/market

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

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