Blockchain turns investments into gold

[vc_row][vc_column][vc_paragraph text=”The continuing political uncertainty coupled with COVID-19 outbreak. Bitcoin no longer seems to be a safe heaven.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Why gold is valued that high?” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”One should not be surprised by the fact that both BTC and gold prices can vary.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”What is more, all the opportunities and subjects must be carefully considered as a long term investments nowadays. BTC has gained credibility but there is still a long road to go while gold has already proved its worth over hundreds of years: it is quite resistant to inflation. This lead to the growth of stable coins with gold plating. Most innovations appear to be unclaimed on today’s market. Even now gold is still an attractive investment for a number of reasons: investing opportunity, status or being an inner part of many technologies, to say nothing about that it remains to be an extremely popular reserve asset.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”All of these factors have played a significant role in making it more effective than any of the printed currencies even in 20th century.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The present tendency for being one of the most stable store value is not declining. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The World Gold Coincil, main development organization of this market, stated that the demand for this asset was increasing by 15% each year over the last two decades. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The 2008 financial crisis and the recent economic collapse caused by COVID-19″][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”They will also affect the gold’s popularity as a demanded asset.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Stablecoins – blockchain potential” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”811″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In 1990s there were a few attempts to digitize gold as an asset, and the now dead E-Gold was one of the unsuccessful attempts. It’s been 11 years since Bitcoin appeared on the digital currencies list. And only now we see that gold as a digital asset is a promising concept that can be implemented.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Tokens secured by gold belong to “stable coins” crypto class. Stablecoins arranged on blockchain try to fight the main crypto vulnerability that is about volatility.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”They try to do it by fixing the cost to some material asset (not necessarily other currencies or valuable items). “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”There is a range of stablecoins with the gold plating that have recently entered the crypto market:”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● PAX Gold”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Digix Gold”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● GoldMint”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Tether Gold”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● AurusGOLD”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As it was mentioned before, gold appeared to be more stable and effective in the face of world financial difficulties. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The benefit for investors purchasing stablecoins is that they are less susceptible to serious price decreases than other risky assets.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Investment opportunity” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”812″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As mentioned before, such blockchain developments are not limited to stablecoins. The Maltese digital currency exchange AAX suggests a new method of investing in gold. The exchange was launched in November 2019 and now it is the only exchange of its kind supported by its own technology provider – London Stock Exchange. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This most innovative project is called PhiGold. The PhiGold’s release on the platform happened 31 March, 2020.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It would be a mistake to consider PhiGold as a direct competitor of the growing number of stable coins with gold plating existing in the market. PhiGold is something completely different. It’s business model is rather simple: instead of receiving funds from investment bankers or by other traditional means of attracting funds, the company emitted its own token – PGX. It is based on ERC-20 and is being used for attracting the investments necessary for the financing the work of PhiGold Barobo gold mine located in the Philippines.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Each PGX token equals to 1/100 ounces of gold, and after a certain period it can be exchanged for real gold bullion, crypto or paper currencies.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Currently the token cost is stated in 10 US dollars but if the token investor manages to hold it for 2-3 years he may sell it at gold’s price. It means that now investors have a rate opportunity to buy gold at a 33% discount.”][/vc_column][/vc_row]