Why Gold Can Become So Valuable?
Physical gold is a great investment or saving option, and if you're considering and want to buy gold as the main option, then you may ask yourself why gold can become so valuable?
Basically, understanding the fundamental of why gold is valuable was really important to forecasting how much it could be worth in the future, especially as an investment or saving option.
Gold is valuable because, throughout human history, it's have been accepted in exchange for something else like goods or services. is no
We have always considered gold a valuable asset and things remain the same to this day, but for even more reasons. Consequently, banks, governments, institutions and individuals, have used the noble metal as a store of wealth and a means of exchange for more than a thousand years.
Why gold is so valuable?
The value of gold itself is dependent on its physical properties and the scarcity. For more than thousands of years these physical properties have been used as the base for jewellery or coins, and this ancient legacy has given this yellow metal a unique place in human psychology. The gold density it's feels incredible when held in the hand and it's also much softer but solid where it can be easily shaped, Not only that, Gold was also doesn't corrode over time. All of these properties made gold valuable to early human history.
For more than two centuries, we have a history that discovered a huge range additional of use for gold in different industries, and this was served to only make gold even more valuable over time.
Gold was made as the ideal metal to use as currency like a coin. It's non-reactive, portable, non-toxic and also rare. It is solid enough to be used as the main material for coins, but it's also scarce enough that it's not easy to find it and make their own. Gold's unique properties itself was also mean that it cannot be manufactured as a fake item and thus it can be used as the best wealth reserve option.
Throughout human history, until the end of the Gold Standard in 1971, gold itself has become some of the forms that provides a basis for global trade. The value of currencies became established purely by their relationships with each other and the international trade itself is now conducted in fiat currencies, thus making it unrelated to the gold price. Despite this, centralized entities like national central banks and other large financial institutions, hold many metric tons of gold reserves as a physical store of wealth and hedge against inflation options.
Why Gold Is So Expensive?
Gold is a precious metal that has been coveted and hoarded since antiquity. Today it retains many of its ancient properties, making it stable, not too scarce for use as coinage, useful in both industrial and ornamental applications, indestructible without the aid of specialist equipment, and use as a safe haven investment.
Gold also can be easily melted down into smaller weights or cast into different forms, making it more versatile as an investment or saving option. As an investment, physical gold has little counterparty risk because there is no credit involved with purchasing the metal itself, For example, Bullion, Bars and coins – are also highly liquid where they are easily exchanged around the world.
Gold Potential
Gold brighter than almost all the other precious metals that we know today, it's a great choice to diversify your portfolio or it's also can be used for a long-term saving or investment option. When the gold price goes up, the market will experience inflation and over the last several years, the gold value itself has grown sharply with the current condition on the market, thus compared to other precious metals that are used for saving or investment.
Gold has become the most effective wealth reserve option for more than a thousand years, we can see gold safe haven status has increased due to the deterioration of the fiat currency since 2008, Besides, we also can see the market performance when something happens such as COVID-19 or Ukraine-Russia conflict and thus it really has great potential.
On the other side, we also can see the digital revolution throughout the internet where it's almost used for every sector, For example, communication networks, payment systems and more. This was also affecting the global commodity market, especially Gold. We can easily access the market today through brokers, digital retail or even blockchain-based marketplace such as Digital Gold. This makes it easier to access.
New Way to Access Gold Market
Digital revolution is offering us a ton of new things such Internet which it offers various new innovations on the global market, for example, blockchain was becoming one of the most innovative things today because it's a new technology that offers a unique decentralized mechanism by ensuring transparency to every transaction, with the crypto asset everyone can buy Tokenized Gold Asset through the Digital Gold marketplace and simultaneously access the huge crypto market.
The blockchain technology used in the Digital Gold ecosystem will ensure cheaper fees and faster processes with a more transparent mechanism. Digital Gold itself on the other side was also offering tons of unique benefits, for example, a real-time price chart, 24/7 support and high liquidity option, Besides Digital Gold will create a new tokenized currency that represents real physical gold where it's stored on the Bullionstar vault.
It's giving everyone a new way to access the emerging crypto market by using gold as a counterpart trading option to ensure maximum transparency and less volatility.
Conclusion
Gold has become one of the best assets out there with a proven track record for more than a thousand years in human history. It was resistant to the deflation and it's also can be used as a hedge against inflation tools. Everyone can access various ways to buy the gold commodity right now but through the Digital Gold platform, it'll bridges the mainstream gold markets with crypto through the blockchain.
Digital Gold will make it easier for every people to buy or sell gold in a new form through the tokenization mechanism by utilizing blockchain technology, it's much cheaper, faster and safer to access both market simultaneously!
I've personally used the Digital Gold Platform for buying and selling and I highly recommend you guys use it!
I think it's enough for today, Do not forget to Follow, Comment & Upvote, I will give some useful links related to Digital Gold Marketplace Ecosystem below. Thank you very much!
Website: https://gold.storage
Twitter: https://twitter.com/gold_erc20
Reddit: https://www.reddit.com/r/golderc20/
Telegram: https://t.me/digitalgoldcoin
Steemit: https://steemit.com/@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
Gold Price: https://gold.storage/en/market
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1049524
