Digital Gold | Blockchain-Based Safe Haven Assets Choice
Gold isn’t really a metal. It’s more of a magical metal, eternally loved by everyone on Earth. Even Warren Buffett seems to have softened his longstanding antipathy, where his company Berkshire Hathaway was acquiring more than US$565 million stake in the one of the most largest gold miner, Canada’s Barrick Gold Corporation.
Gold is an important safe haven assets in times of crisis. It has been used as an investment or store of value for thousands of years and has a long history on some biggest crisis ever happens. We can see itself on the COVID-19 crisis, interest in gold has soared, driving its price to historic highs.
Safe Haven Definition
Safe haven basically is an asset where it holds its value in extreme, unexpected crisis or events.
Basically, It's little bit different from a term like safe asset that provides a guaranteed return and, For example such as government or treasury bonds. If you buying such a bond you are effectively lend money to the government itself and in the return for a accepted term before it will repay that money you lend before with some interest in the future (Mostly fixed contract).
Safe assets basically are same with the fixed income terms, and their prices are relatively flat and guaranteed.
On the other side safe haven asset price, will fluctuate, rising in some periods. When the other investments will suffer some extreme losses, A safe haven asset will more stable compared to that investment, for example like Gold.
We can see itself on the gold price in the past two decades, Gold has more stable and solid price even on Global Financial Crisis on the beginning 2008 and last year with the COVID-19 crisis.
Is Gold was a Safe Haven?
The answer was really simple where we can look to the past. Based on various past experience in a crisis, Most people will believe in the safe haven feature contained on gold and it was works because they are believing it.
Gold itself has been used since the ancient times as a store of value option. It's also Helping it achieve this status is its aesthetic appeal, malleability. Gold itself has relatively low melting point where it's making it easy to produce coins, bullions or jewellery), It's also good as wealth reserve that can be passed to the next generation, we can see most all the gold that has ever been mined or even found is still around on the circulatioln, the last one is rarity.
Gold itself have digged and panned for a thousand years and have a long history, We can see itself that the amount of gold mined has never been enough to decrese it's value.
Digital Gold, A New Way To Access Safe Haven Assets
Tokenized Gold is an new innovative idea on the global market, in the past 20 years we see blockchain technology and cryptocurrency as a new unique innovation on the market where it offers a decentralized mechanism for the marketplace and then Digital Gold is one of a leader for Tokenized gold on the market. They offer tons of benefits and redefining the future of blockchain-based gold assets.
Digital Gold team will ensure satisfication by providing tons of features such as, Real Time Supports, Multi-Currency Trade Option, High Liquidity, Low Spread Order and more. They also ensuring every token was backed by real gold that store safely on the Bullionstar Vault.
Summary
Digital Gold ecosystem is a new gold exchange platform based on decentralized smart-contract concept. The mechanism will makes everyone easy to access global gold market in just one platform through the tokenized concept, Their team will also provides tons of benefits on their platform such as Real Time Support, High Liquidity, Low Spreads order and more!
Digital Gold system itself will also distributed through the Blockchain network, thus it'll ensures every transaction will be transparent and the token itself will be also backed by pure gold. Everyone can verify every gold that stored in the Bullionstar Vault and that's why i really recommend you to try their platform!
Website: https://gold.storage
Twitter: https://twitter.com/gold_erc20
Facebook: https://facebook.com/golderc20
Telegram: https://t.me/digitalgoldcoin
Youtube: https://www.youtube.com/channel/UCUo-D88vDTvntg2QhxDqBGQ
Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp/White_paper_en.pdf
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1049524
