DIGITAL GOLD IS THE NEXT VALUABLE ITEM

in #finance4 years ago

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Gold has always been a precious metal but some still argue that gold has no intrinsic value and that gold has lost touch with time or devalued as the years went by. It’s also been argue that in the modern world, physical cash is the monetary system the majority have opted for; which make such individuals to think that gold is a material for making jewelry.
Others are also of the opinion that gold still has a great value due to the fact it’s a component for making ornaments of beautification such as jewelries, sometimes used in creation currency, and can also serve as a good asset for investment. Gold can also be seen as commodity, that makes Gold very useful in several aspects.

VALUE OF GOLD
When we talk of values, it can be said to be a standard or a model that is used to evaluate actions, people, things or situation. It is used to determine the level of importance or usefulness of things. From other perspective, the word valuable means something that is worth a lot either as money or other form of importance. For instance, it serves as a form of prestige since it's a precious metal. Gold also acts as a currency for various business transactions and payment of services.

Gold has primarily been used as an investment asset for making profit. We cannot talk of gold as a means of investment without the thought of Digital Gold in this modern times. This allows the usage of blockchain technology to store and to trade gold digitally. Blockchain technology has been a decentralized data base and network to record and store data.

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Digital Gold
Project Digital Gold makes use of blockchain technology in order to make gold dealership simple by removing certain restriction that have been imposed on the Gold market.
Simply put, blockchain can provide asset security that is the digital Gold token will remain secure as long as digital security can be allowed.

This is important since the actual process of buying and storing actual gold comes with some strict legal procedures and a threat of security to most consumers. Because of these challenges, consumers mostly feel that getting a third party to take care of the gold transaction is always important. This makes tokenized Gold very preferable or favourable option to acquire gold. For example, buying digitized gold comes with no risk of accounts getting blocked.
This usually happens with brokers due to the numerous restrictions.

GOLD Token
Gold token is the native token of Digital Gold created as an ERC – Ethereum based cryptocurrency which allows users to buy, sell and transfer Gold conveniently without any stress or challenge. Gold token is backed by physical gold that provides liquidity at all times and this ensures transparency and even allow investors to have access to live audit.

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WHY GOLD IS TREASURED?
One of the tant reasons why Gold is valuable is due to it's scarcity or its limited supply. Taking into consideration the total supply of Gold and Silver statistics, the global gold stocks can go up to 3000 tons every year looking at silver production which is around 27,000 tons. This shows that silver is 9 times supply as compared to gold.

√ Gold is a precious metal that does not easily result when exposed to the harshest of conditions.
√ It can also be used as money. Its the choice of most people in times of economic recession or war since it can be used anywhere.
√ The stability in the purchasing power also allow individual with Gold to be covered in times of adversity.

CONCLUSION
To conclude, gold is the most enduring choice for a medium of exchange when it comes to goods and services and one of the best investment asset. Since physical gold have become more scarce in recent times, Digital Gold can act as an innovative investment opportunity that is meant to bridge the gap between the digital ecosystem and real gold.

For more details about the DIGITAL GOLD platform, kindly get in touch with the links below:

Website: https://gold.storage/home
Whitepaper: https://gold.storage/wp.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
FACEBOOK: https://www.facebook.com/golderc20
TWITTER: https://twitter.com/gold_erc20
MEDIUM: https://medium.com/@digitalgoldcoin
REDDIT: https://www.reddit.com/r/golderc20

PROOF OF AUTHORSHIP
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2511518