[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 17.

wwzsocki

legendary

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First 100% Liquid Stablecoin Backed by Gold

Quote from: estenity on December 11, 2021, 01:59:30 PM

...from Basel 3-4 onset, gold and silver will become tier one investments, and so much less subject to false "paper" assets manipulation.

To summarize this is great news for us GOLD token holders and of course for all gold investors.

Like I said I keep accumulating GOLD tokens from some time because indeed gold seems to be the real safe heaven and is good to diversify portfolio and for sure gold should be there, especially many crypto investors like to have something invested in gold too.

Here we have to add that GOLD token is the best and most convenient way to invest in gold right now. We have talked about this many times but still always when i buy GOLD tokens wonder how easy it is and how complicated it could be when I had to deal with real gold instead of GOLD tokens, sometimes it would be even impossible for me to invest at all.

estenity

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Quote from: wwzsocki on December 10, 2021, 09:49:20 PM

Quote from: estenity on December 09, 2021, 01:25:49 AM

...one has to remember that Basel 3-4 is a rationale to avoid the fragility in banks revelated during the financial crisis before 2010.

To be honest I even didn't knew what Basel 3-4 is, but fast search on google tells me that:

"The Basel IV standards are changes to global bank capital requirements that were agreed in 2017 and are due for implementation in January 2023. They amend the international banking standards known as the Basel Accords. Regulators argue that these changes are simply completing the Basel III reforms, agreed in principle in 2010–11, although most of the Basel III reforms were agreed in detail at that time. The Basel Committee (BCBS) itself calls them simply "finalized reforms" and the UK Government has called them "Basel 3.1". Critics of the reform, in particular those from the banking industry, argue that Basel IV require a significant increase in capital and should be treated as a distinct round of reforms."
https://en.wikipedia.org/wiki/Basel_IV

this is for sure important but why you think it has impact on gold price?

because gold and silver markets have been constantly manipulated (down) for years and decades with futures (paper gold, paper silver)
see for example gata.org or harveyorganblog.com or silverdoctors.com and many others.

from Basel 3-4 onset, gold and silver will become tier one investments, and so much less subject to false "paper" assets manipulation.

EDIT:
https://www.zerohedge.com/news/2021-12-13/basel-iii-weeks-away-elephant-room

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: estenity on December 09, 2021, 01:25:49 AM

...one has to remember that Basel 3-4 is a rationale to avoid the fragility in banks revelated during the financial crisis before 2010.

To be honest I even didn't knew what Basel 3-4 is, but fast search on google tells me that:

"The Basel IV standards are changes to global bank capital requirements that were agreed in 2017 and are due for implementation in January 2023. They amend the international banking standards known as the Basel Accords. Regulators argue that these changes are simply completing the Basel III reforms, agreed in principle in 2010–11, although most of the Basel III reforms were agreed in detail at that time. The Basel Committee (BCBS) itself calls them simply "finalized reforms" and the UK Government has called them "Basel 3.1". Critics of the reform, in particular those from the banking industry, argue that Basel IV require a significant increase in capital and should be treated as a distinct round of reforms."
https://en.wikipedia.org/wiki/Basel_IV

this is for sure important but why you think it has impact on gold price?

estenity

hero member

Activity: 1918

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Quote from: wwzsocki on December 07, 2021, 02:49:06 PM

Quote from: GOLD_official on November 29, 2021, 07:56:37 AM

...Probably gold is the only commodity that hasn't grown in the last year. Everything grew: oil, timber, metals, etc. But gold, which is traditionally a hedge against inflation, barely rose.

Why? We have only one explanation. If everyone in the market is waiting for the same event, it usually doesn't happen. This is exactly what happened with the yellow metal...

I fully agree with you that this year was full of surprises when it comes to gold price.

many people think that we will see some changes this year and if not then 2022 will be the year of gold.

so I keep accumulating my GOLD tokens, this is so easy to do, can't imagine to do it with real gold.

I even thought about it, to diversify my portfolio and secure myself from bad times but this is not possible to buy bigger amounts of gold without verification.

seems to me that Basel 3-4 begins in UK in less than one month, but not before 2023 in europe, i dont know when in US..
adoption is very slow, there are occurrences underneath.
one has to remember that Basel 3-4 is a rationale to avoid the fragility in banks revelated during the financial crisis before 2010.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on November 29, 2021, 07:56:37 AM

...Probably gold is the only commodity that hasn't grown in the last year. Everything grew: oil, timber, metals, etc. But gold, which is traditionally a hedge against inflation, barely rose.

Why? We have only one explanation. If everyone in the market is waiting for the same event, it usually doesn't happen. This is exactly what happened with the yellow metal...

I fully agree with you that this year was full of surprises when it comes to gold price.

many people think that we will see some changes this year and if not then 2022 will be the year of gold.

so I keep accumulating my GOLD tokens, this is so easy to do, can't imagine to do it with real gold.

I even thought about it, to diversify my portfolio and secure myself from bad times but this is not possible to buy bigger amounts of gold without verification.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: GOLD_official on November 29, 2021, 07:56:37 AM

In the current situation, gold is still a powerful safe-haven asset. News about the new coronavirus strain force investors to shift from risky assets to gold and the US dollar. In the future, any fears about economic problems, the discovery of new virus strains will force money to flow into gold and other safe-haven assets. It is also worth considering the growth of inflation, which accelerates the prices of goods.
Probably gold is the only commodity that hasn't grown in the last year. Everything grew: oil, timber, metals, etc. But gold, which is traditionally a hedge against inflation, barely rose.

Let me share a good article about inflation that affects purchasing power of the US dollar

The purchasing power of the US dollar over time. In the latest dip of Bitcoin, we saw some fud on social media that Bitcoin is risk and reason for fiat currency system.

Governments printed 40% supply of fiat currencies since the pandemic and they blamed the hyper inflation they created on Bitcoin. It is not true. If you have mind, you can say it from your own opinion and it is correct.

GOLD_official

copper member

Activity: 632

Merit: 178

Quote from: wwzsocki on November 26, 2021, 02:43:27 AM

Quote from: libert19 on November 18, 2021, 11:23:28 PM

Thanks for adding this (pretty sure it's wasn't there before)

Again Digital Gold team listened to community, I like that approach and do this same in my business, always listen to clients and employees to find the best solution to every problem, honest feedback is sometimes priceless.

I keep accumulating my GOLD tokens, hope to see gold price hitting another ATH i next few months, fingers crossed.

I wonder what are your predictions GOLD token community? we haven't talked about the gold price for a while here, let's bring this topic back please.

In the current situation, gold is still a powerful safe-haven asset. News about the new coronavirus strain force investors to shift from risky assets to gold and the US dollar. In the future, any fears about economic problems, the discovery of new virus strains will force money to flow into gold and other safe-haven assets. It is also worth considering the growth of inflation, which accelerates the prices of goods.
Probably gold is the only commodity that hasn't grown in the last year. Everything grew: oil, timber, metals, etc. But gold, which is traditionally a hedge against inflation, barely rose.

Why? We have only one explanation. If everyone in the market is waiting for the same event, it usually doesn't happen. This is exactly what happened with the yellow metal.

But now, the main part of traders does not expect a bull run in gold. Perhaps it can be the time the price will make a strong move removing the bears from the market.

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: wwzsocki on November 26, 2021, 02:43:27 AM

Again Digital Gold team listened to community, I like that approach and do this same in my business, always listen to clients and employees to find the best solution to every problem, honest feedback is sometimes priceless.

I keep accumulating my GOLD tokens, hope to see gold price hitting another ATH i next few months, fingers crossed.

I wonder what are your predictions GOLD token community? we haven't talked about the gold price for a while here, let's bring this topic back please.

Gold is most favorite asset when people need to find heaven for their money. Digital gold is more convenient than physical gold so sure investors will use it more in near future. The challenge is how do people in the crowd are aware of Digital gold. If they don't know about this token and don't know that these digital gold tokens are backed by safely physical gold bars stored in vaults of Bullion Stars, they might feel unsafe to invest in the token. I think marketing is key to bring digital gold to more investors.

Gold price, bullish sure because from what we see with hyper inflation globally. Price of gold must increase and it's matter of time when it will begin a new parabolic growth.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: libert19 on November 18, 2021, 11:23:28 PM

Thanks for adding this (pretty sure it's wasn't there before)

Again Digital Gold team listened to community, I like that approach and do this same in my business, always listen to clients and employees to find the best solution to every problem, honest feedback is sometimes priceless.

I keep accumulating my GOLD tokens, hope to see gold price hitting another ATH i next few months, fingers crossed.

I wonder what are your predictions GOLD token community? we haven't talked about the gold price for a while here, let's bring this topic back please.

libert19

hero member

Activity: 2464

Merit: 934

Thanks for adding this (pretty sure it's wasn't there before)

betman@7g

newbie

Activity: 1

Merit: 0

Quote from: GOLD_official on July 04, 2019, 04:40:13 AM

Briefly about what we are doing and why - https://steemit.com/digitalgold/@digitalgoldcoin/what-we-are-doing-and-why-a-short-overview

We started our bounty campaign $200,000 - payouts in BTC, ETH, GOLD. Monthly payouts! https://bitcointalksearch.org/topic/bounty-gold-stablecoin-200000-payouts-in-btc-eth-gold-5164058

HOW TO BUY GOLD TOKENS https://docs.google.com/document/d/1x7TSS0MxyYnVMLCZqzKCdPtuNyDeHhNC2lXd_mZveLc/edit?usp=sharing

HOW TO SELL GOLD TOKENS https://docs.google.com/document/d/1wxzUTuXDLVRu0UoVcoqeDAddviWY0_pSMXKqUNktLl4/edit?usp=sharing

Gold and USDT: What 2019 Has Brought - https://steemit.com/gold/@digitalgoldcoin/gold-and-usdt-what-2019-has-brought

Live audit report from BullionStar vault storage - https://www.bullionstar.com/myaccount/audit - BuillonStar Account number: 17081

GOLD smart-contract was audited by ChainSecurity. Link to the Statement - https://gold.storage/Statement-of-Security-Audit-for-Gold.Storage.pdf

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

Quote from: libert19 on November 17, 2021, 12:26:10 AM

I mean what if gold token is deducted from wallet but timer has expired on marketplace?

This happened to me 2 months ago, the timer shows you the time you have to exchange for this fixed price which means during this you have time to exchange for the price you can see on the market, but if the timer expires and your assets didn't still receive by the marketplace, the price and the rate of the exchange will be changed and updated and you will do you exchange with new rates. So, there is no problem if your transaction takes more time to get confirmed you will still receive you assets but with a new change rate.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: libert19 on November 17, 2021, 12:26:10 AM

Quote from: tbct_mt2 on November 16, 2021, 11:37:02 PM

Quote from: libert19 on November 16, 2021, 11:28:11 PM

Hi, when transacting on marketplace, suppose if your transaction gets stuck due to low gas or smth and doesn't get confirmed within time-limit, then what happens?

I had some transactions like that many months ago. I remembered that something like those transactions were expired and when I woke up, I have to submit another transaction on gold marketplace.

It can be something similar to expired. Gold team can provide the correct term here for you. From my experience, you don't lose your Gold token, and what you have to do is submit another swap transaction in the marketplace.

I mean what if gold token is deducted from wallet but timer has expired on marketplace?

I also made many transactions and sometimes when I wanted to save on gas and used smaller fee I needed to wait longer and have seen transactions accepted and also being cancelled.

You just need to wait patiently, if not write to Digital Gold support, they answer blazing fast, also tested already and are very helpful.

For sure if you used correct addresses there is nothing to worry about.

libert19

hero member

Activity: 2464

Merit: 934

Quote from: tbct_mt2 on November 16, 2021, 11:37:02 PM

Quote from: libert19 on November 16, 2021, 11:28:11 PM

Hi, when transacting on marketplace, suppose if your transaction gets stuck due to low gas or smth and doesn't get confirmed within time-limit, then what happens?

I had some transactions like that many months ago. I remembered that something like those transactions were expired and when I woke up, I have to submit another transaction on gold marketplace.

It can be something similar to expired. Gold team can provide the correct term here for you. From my experience, you don't lose your Gold token, and what you have to do is submit another swap transaction in the marketplace.

I mean what if gold token is deducted from wallet but timer has expired on marketplace?

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: libert19 on November 16, 2021, 11:28:11 PM

Hi, when transacting on marketplace, suppose if your transaction gets stuck due to low gas or smth and doesn't get confirmed within time-limit, then what happens?

I had some transactions like that many months ago. I remembered that something like those transactions were expired and when I woke up, I have to submit another transaction on gold marketplace.

It can be something similar to expired. Gold team can provide the correct term here for you. From my experience, you don't lose your Gold token, and what you have to do is submit another swap transaction in the marketplace.

libert19

hero member

Activity: 2464

Merit: 934

Hi, when transacting on marketplace, suppose if your transaction gets stuck due to low gas or smth and doesn't get confirmed within time-limit, then what happens?

GOLD_official

copper member

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Quote from: tbct_mt2 on November 14, 2021, 08:00:19 AM

Quote from: hosseinimr93 on November 13, 2021, 01:24:17 PM

It has been more than a year since their twitter account was suspended.
Click here to see the post made by terciduk123 regarding the issue with GOLD twitter account, 1 year and 3 months ago.
It seems that the twitter account will remain suspended forever. I think it would be better if the link to twitter account is removed from the website.

It is bad and I don't think of any solid reasons why the account was suspended. Twitter and Facebook behave like dictators on social media. I think it is not difficult to create a new Twitter account but it seems the Gold team are tired of Twitter and they don't want to join the social media platform again.

Thank you for your information that I missed somehow.

Dear tbct_mt2,

Yes, you are right. The account was blocked like hundreds of others because we use cryptocurrency topics. Twitter's support team responded extremely slow and irrelevantly. Therefore, we do not consider creating a new account on this social network.

Regards,
Support Team @ Digital Gold
https://gold.storage

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: hosseinimr93 on November 13, 2021, 01:24:17 PM

It has been more than a year since their twitter account was suspended.
Click here to see the post made by terciduk123 regarding the issue with GOLD twitter account, 1 year and 3 months ago.
It seems that the twitter account will remain suspended forever. I think it would be better if the link to twitter account is removed from the website.

It is bad and I don't think of any solid reasons why the account was suspended. Twitter and Facebook behave like dictators on social media. I think it is not difficult to create a new Twitter account but it seems the Gold team are tired of Twitter and they don't want to join the social media platform again.

Thank you for your information that I missed somehow.

GOLD_official

copper member

Activity: 632

Merit: 178

Quote from: wwzsocki on November 13, 2021, 12:32:11 AM

I have small suggestion to Digital Gold team, please add as many info as possible to Etherscan about GOLD token, like website link, bitcointalk (this thread) link, CG and CMC links and any other like website, etc.

You need to use all these tools to spread the word about GOLD token, many people use them because these are confirmed and updated links, this is very handy to have them there.

https://etherscan.io/token/0x851e13b3cdcaec6fb3ae446dad82e112abaa827c

and this is how it should and can look like after update

This is very simple process to update, so why not? free advertisement for GOLD token and believe me many people use this website and links provided there.

Dear wwzsocki,

We will forward your message to the team. Thank you for your response.

Regards,
Support Team @ Digital Gold
https://gold.storage

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: tbct_mt2 on November 13, 2021, 01:01:07 PM

I am shocked when I clicked on the Twitter icon on Gold website and saw the account was suspended. Honestly I did not know it because I don't usually visit the Twitter of gold project. How long did it happen?

It has been more than a year since their twitter account was suspended.
Click here to see the post made by terciduk123 regarding the issue with GOLD twitter account, 1 year and 3 months ago.
It seems that the twitter account will remain suspended forever. I think it would be better if the link to twitter account is removed from the website.

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 17. (Read 30634 times)