With to the pandemic, we learned how fragile economies are today. Due to the pandemic, countries have printed their own money in unlimited supply. These coins, which had no equivalent, fueled inflation. People who wanted to protect their savings against inflation began to look for a safe harbor.
Even as economic models, currencies and technology advance, people feel secure by investing in limited-supply assets.
Since gold is the only asset that has not changed as an investment and storage tool throughout the history of humanity, people started to turn to gold.
However, a solid player has joined gold, which is a reliable asset with limited supply today. Bitcoin ...
In this article, I will not tell you about Bitcoin. I will talk about how the blockchain technology that created Bitcoin and gold became an investment tool by combining it ...
When I want to buy gold in the current financial system, the amount of gold is displayed in the bank account in return for your money. You can never take it physically ... In reality, there is no physical equivalent. It is only on the system.
According to the analysis based on the World Gold Council data; While a total of 201 thousand tons of gold has been mined from the mines throughout history, it is estimated that 53 thousand tons of gold remains in underground reserves. If the annual average production of around 3 thousand tons continues, the known gold reserves will be exhausted within 18 years.
In the financial system, anyone can open an account based on gold. No one is asking for this gold reward. It is estimated that several times as many gold accounts are opened as legal gold.
This is a disaster ... A fictitious investment that does not pay off ... It's like a joke ...
What should ordinary investors do...?
This is where blockchain technology comes into play. Firms tokenize the gold they physically store.
Thus, thanks to blockchain technology, it provides transparency and security, and also eliminates the trouble of keeping it.
Two Tokenized Gold stand out in this regard...
PAX Gold (PAXG)
Built as an ERC-20 token on the Ethereum blockchain, PAXG can be traded 24/7 from anywhere in the world. It may own some of the London Good Delivery gold bar accredited by the London Bullion Market Association (LBMA).
PAX Gold (PAXG) producing firm Paxos is a trust company and custodian regulated by the New York State Department of Financial Services. PAXG is also approved and regulated by the Department of Financial Services (DFS). Fully backed by dedicated gold held in the world's most secure, leading vaults. A national-level auditor confirms the matching supply of PAXG tokens and basic gold each month.
PAX Gold (PAXG) is the only gold coin you can use for LBMA approved Good Delivery gold bars. For added convenience, smaller quantities are available through a network of physical gold retailers. Corporate customers can also use unallocated Loco London Gold. Paxos customers can always use currency in USD at current gold market prices.
Easily convert or redeem PAXG for fiat, physical or unallocated gold via the Paxos platform. Trade PAXG against other digital assets on popular crypto exchanges. PAXG can be used wherever ERC-20 tokens are supported.
Highly competitive fee structure, low on-chain Ethereum transaction fees (0.02%), and zero storage fees for the creation and use of PAXG tokens (0.03-1% by volume tiers) in the Paxos wallet. As with other ERC-20 tokens, nominal Ethereum gas fees apply for on-chain transactions.
You can get it from centralized exchanges such as Binance, FTX, Kraken, Kucoin or decentralized exchanges such as Uniswap, Serum.
Tether Gold (XAUT)
Owning physical assets on the blockchain provides holders with the combined benefits of both physical and digital assets. Tether Gold (XAUT) token holder will be able to enjoy gold ownership while avoiding the disadvantages associated with physical gold such as high storage costs and limited availability.
Tether Gold (XAUT) is a digital asset offered by TG Commodities Limited. A full Tether Gold (XAUT) token represents one troy fine ounce of gold on the London Good Delivery bar.
Tether Gold (XAUT) token can be transferred from the buyer's Tether wallet to which it was issued after purchase, to any on-chain address. Certain gold bars will be associated with each on-chain address where Tether Gold is held.
Tether Gold (XAUT) holders physical delivery; As long as they have completed TG Commodities Limited's verification process and have the minimum required number of XAUTs, they may request a refund in the form of physical gold. The physical gold of the owner can be delivered to a place of his choice in Switzerland or the owner declares that they can request that TG Commodities Limited try to sell the gold and receive the cash proceeds from this sale (excluding TG Commodities Limited's fees).
24/7 Customer Support; They declare that they have a global customer support team at your service around the clock.
My last words; My friends, we are living in times when today's financial system is starting to collapse. You can use your savings in the Blockchain financial system, which is the technology of the future, instead of current financial instruments. If you don't want to buy cryptocurrency, you can buy coined gold, which is equivalent to 1:1.
The most important advantage of PAX Gold (PAXG) ; have all documents received and regularly audited ...
The most important advantage of Tether Gold (XAUT) ; If the investor wishes, he can physically own his gold...
Moreover; Investors trading in cryptocurrency markets should evaluate tokenized gold. In the periods we call the bear season in the cryptocurrency markets, you can evaluate it in coined gold instead of stablecoin ...
I hope you are familiar with Tokenized Gold. See you on new issues ... I wish you and your family a healthy day ...
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