Life is hard when one is out of a job but it’s worse when one retires without something substantial to show for it,work is taxing health-wise and labour-wise and time wise,so one prepares for old age and retirement with various plans and approaches,some seek to invest in treasury bonds,mutual funds,stocks,startups,401k,real estate etc but only few actually get to have worthwhile investments.
Investing is complex,one is faced with the challenges of information and the option of choosing from a plethora of investment options
Gold is an asset known to man over thousands of ages,Gold and copper were the first metals used by humans starting from 5000 BC,The first registered gold found in the united states was a nugget weighing 7.8kg discovered in cabarrus county,North Carolina.When more gold was found in little creek meadow in 1803,the first US gold rush began. The world’s largest gold reserve is held five stories underground in the vault of the Federal Reserve Bank of New York,it contains 25% of all the gold reserves in the world(540,000 gold bars),most of them belong to foreign govts. The first-ever gold vending machine was installed in Dubai in 2010. Due to its rarity and high value,most of the gold ever mined is still in circulating gold was extracted in the last 100 years. Many people ask why gold is so expensive,the reason is its rarity:more steel is produced in one hour than gold over the course of the entire human history.Many scientists believe that gold is also present in Mars,Mercury and Venus.
Reports say China is increasing its gold imports and Mark Mobius,an avid trader in gold has advised that people purchase gold,he believes that the price of gold will keep growing as the amount of paper money in the global economy increases.
Do you know that less than 82% of americans own any piece of gold?
The trading volume of digital gold is over $100 million
Do you know you too can invest in gold?
Lets talk about the possibilities of investing in gold using a blockchain platform,how about you are able to have one piece of gold that has a token representation,
Today,we will talk about the digital gold token,what it does and how you can actually benefit from it.
Now,if you are following closely,you will discover that the crypto market hit its peak in 2017,in 2017 bitcoin was selling for $20,000 and in 2020,it is floating around $9,000 and every serious investor should be looking at this market,at 2017 the total market capitalization of cryptocurrencies was almost $1 Trillion dollars and though it has fallen to around $300 billion dollars in 2020,this industry still holds a lot of potential.
One should be asking why is there so much investment going into the blockchain space,what is the potential that this thing have,many have dubbed blockchain as web 3.0 or the ultimate technology that will usher in web 3.0,till date,the investments that have gone through various blockchain startups have been over $25 billion dollars with the likes of EOS,Telegram raising billions of dollars each.
What are the issues involved in investing in cryptocurrencies
1.Volatility : If you look at the altcoin alltime index, you will see the disgusting drop in crypto value
What of projects that have loss over 10000% of their value in the space of two years.
2.Storage : Knowing which coins to purchase and how to store them is a big hassle in the cryptocurrency world,crypto jacking and hacking are at the all time high as hackers have infested most web browsers with coin mining scripts and just last year over $1 billion dollars worth of crypto assets were stolen from several exchanges which in turn forced them to shut their doors.
To store crypto assets,one is required to securely keep their passwords and their private keys as the loss of them means a loss of access to their holdings.
Tokenization
The idea is aimed at breaking whole units of stocks,infrastructure etc into smaller pictures,
Take one unit of gold and make a digital unit of it with the blockchain,that idea actually birthed the Digital gold token project,The digital gold marketplace:helps facilitate a relatively easy,effective and efficient purchase/sale system,users can simply fill out a form that initiates a smart contract,which then transfers the newly-minted GOLD tokens.
As for developers,they are also saved the hassle of the complexities that come with integrating a crypto asset to their platform,the digital gold projects help them integrate easily.
Features of Digital Gold
The digital gold token boosts a number of features that makes it unique and worthwhile for potential investors to look into.
It’s a token that is low cost and does not have have transfer costs when one is transferring it,it gives potential investors the opportunity to diversify their portfolio while also keeping their wealth in a safe haven,it also gives secure gold ownership as the purchased gold in secured in a safe vault,the digital gold token is highly liquid,meaning there is a market for you whenever you intend to sell or buy the token,since the digital gold token is tied to actual gold,the token is as valuable as gold itself,so as gold increases in value so does the token.
Exchanges : Cryptex,Bitforex,Livecoin exchange,coinsbit,Catex
Learn more about the digital gold token project
Learn more
https://gold.storage/en/home
https://gold.storage/wp/White_paper_en.pdf
https://t.me/digitalgoldcoin
https://twitter.com/gold_erc20
https://steemit.com/@digitalgoldcoin
My BTT details
Username : Crytodon
profile link : https://bitcointalk.org/index.php?action=profile;u=1265642