Blockchain storage of gold — Digital Gold.

Sunny
4 min readFeb 2, 2021

I think everyone understands why it is profitable to invest their money in gold, because it is the most reliable asset for storing money, keeping money there you can not be afraid that your money will simply be taken somewhere and disappear.

And so, below we will consider in more detail why each person needs to invest their money in gold.

Inroduction

Investing in gold, the most popular precious metal, is the most profitable investment in the world it can be.

By investing money in gold, you provide your money with completely safe protection against inflation in the market, because gold does not lend itself to inflation, thus, during any crisis, it is better to keep money in gold.

Gold can be bought and stored gold bars and they will never depreciate, anywhere in the world you can sell this gold at a normal price, this is the main advantage of gold. The fact that at any time, wherever you are, you can sell your jewelry at a high price.

There are many different ways to buy gold, it can be done through state banks, you can buy it from a seller, you can even buy it on the black market.

But, all these methods have big risks if you buy at bargain prices (buying on the black market is prohibited), or you need to disclose your personal data, which a large number of people would not want to do.

Therefore, today, in this article, I will tell you about the most convenient, profitable way to invest money in gold at the moment.

Project.

Today I will talk about a project called Digital Gold.
Digital Gold — the gold standart for your crypto.

The project created its own token — GOLD. By buying this token, you are buying real, physical gold, which is stored in the secure storage of the Digital Gold project.

Each token is tied to real gold, so there is no need to doubt that you are not buying gold.

Each GOLD token is 100% backed by physical gold stored in secure vault.

Amount of physical gold stored can be verified at any time in there — https://gold.storage/en/audits.

ADVANTAGES:

All GOLD tokens are backed by physical gold stored in a secure vault. The gold stored is audited in real-time and can be verified online.

2. High Liquidity

Token issuer company is a liquidity supplier enabling purchase and sale of large amount of tokens very close to market rates.

3. Low Cost

Low service costs comparable to the cost of storing gold at a bank, with no hassle of actually dealing with precious metals storage related issues.

4. No transfer fees

No fees on transactions.

5. Privacy

Own GOLD while remaining private.

6. Secure

100% backed by physical gold.

Where to buy these tokens?

You can buy GOLD tokens on the official marketplace.
Official marketplace — https://gold.storage/en/market

Or you can buy GOLD tokens on the exchanges:

  1. Cryptex — https://cryptex.net
  2. Bitforex — https://www.bitforex.com
  3. Uniswap — https://app.uniswap.org

Where do I store these tokens?

Of course, you can store GOLD tokens on the exchange, but this is not the safest and most reliable option, it is better to store GOLD tokens on safe and reliable wallets, below I will show you which wallets are worth storing GOLD tokens on.

Wallets:

GOLD token is based on Ethereum network and is compatible with the most popular cryptocurrency wallets that support Ethereum ERC20 standard tokens.

  1. MyEtherWallet — https://www.myetherwallet.com
  2. MetaMask — https://metamask.io
  3. Guarda — https://guarda.co
  4. Ledger Nano S — https://www.ledgerwallet.com
  5. Trezor — https://trezor.io

To store, exchange, buy or sell GOLD tokens, you will need a wallet that supports Ethereum and the ERC-20 standard. While there are a large number of such wallets, I highly recommend that you use a wallet from our list. If you decide to use a wallet not included in this list, be careful.

Liquidity of the Digital Gold project:

The peculiarity of this project is that it has a constantly high liquidity of GOLD coins, investors, and indeed any people, at any time can buy / sell absolutely any number of GOLD tokens at a normal price, because the price of GOLD tokens is stable.

The project itself acts as a supplier of liquidity for GOLD coins to the market; the project is constantly increasing the reserve of gold in a secure storage.

Also, at Uniswap, many investors invest their own GOLD coins in liquidity pools so that you can buy / sell GOLD tokens at any time.

Social media of project and author of article:

Author of blog:

BTT — sunny28

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Sunny
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Bounty Hunter, Crypto Ambassador