Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Societies, and now economies, have placed value on gold, thus perpetuating its worth. It is the metal we fall back on when other forms of currency don't work, which means it always has some value as insurance against tough times. Below are potential reasons to own gold today.
A History of Holding Its Value: Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages. People see gold as a way to pass on and preserve their wealth from one generation to the next.
Weakness of the U.S. Dollar: Although the U.S. dollar is one of the world's most important reserve currencies, when the value of the dollar falls against other currencies as it did between 1998 and 2008, this often prompts people to flock to the security of gold, which raises gold prices. The decline in the U.S. dollar occurred for a number of reasons, including the country's large budget and trade deficits and a large increase in the money supply.
Inflation Hedge: Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years
Supply Constraints: Much of the supply of gold in the market since the 1990s has come from sales of gold bullion from the vaults of global central banks. This selling by global central banks slowed greatly in 2008. At the same time, production of new gold from mines had been declining since 2000.
Increasing Demand: In previous years, increased wealth of emerging market economies boosted demand for gold. In many of these countries, gold is intertwined into the culture. Demand for gold has also grown among investors. Many are beginning to see commodities, particularly gold, as an investment class into which funds should be allocated. In fact, SPDR Gold Trust, became one of the largest ETFs in the U.S., as well as one of the world's largest holders of gold bullion in 2008, only four years after its inception.
Difficulties of keeping physical gold
For ordinary investors, the process of buying physical gold and keeping them safe meets a lot of inconveniences, moreover you will have to pay some costs for intermediaries.
So why do you have to buy physical gold and have a lot of trouble while you can own Digital Gold, which is worth the physical gold equivalent. You can own digital gold with just a few simple steps on your computer. Therefore, Digital GOLD LTD has created a token - GOLD on Ethereum platform, making it easy for everyone to own digital gold.
Why should you own Digital Gold
Digital Gold's GOLD token works on the Ethereum blockchain platform, Each GOLD token is guaranteed with 1g of gold with 99.99% purity. The gold of Digital Gold is stored by BuillonStar, a large company trading gold and precious metals. Digital Gold's gold number can also easily be audited at BuillonStar with BuillonStar Account number: 17081.
Owning GOLD token gives you many benefits such as:
Buy token easily, quickly without many procedures, without losing intermediate costs. You can buy GOLD with BTC and ETH quickly and anonymously
Safe storage: Unlike physical gold, you will not have to worry about storing your property safely because it will be stored in an extremely safe way in Digital Gold's warehouse.
Participate in the global market: With GOLD small investors can also invest and gold, moreover GOLD is also a stable currency to help investors avoid risk in the volatile Cryptocurrency market.
Digital GOLD offers a great opportunity for small investors who can invest in the gold market and cryptocurrency market, If you are interested in it, visit the links below to find out.
