Now it is better to compare GOLD token with other fiat stablecoins like USDT. They are still direct competitors... it is even scary to think about how much USDT will depreciate in the future, due to central bank money printing...
Not only printing can and will depreciate USDT in the future, in my opinion, but the biggest threat is in the missing money from Tether bank accounts, to really back it up 1:1 with the USD.
If there will be a black swan event, something happens and people will start to exchange their USDT to USD or any other coins/tokens/FIAT and withdraw from exchanges, we will see a massive price decline for this "stablecoin" because there is just not enough FIAT money in the bank to fulfill all their promises that every 1USDT is backed by 1USD.
Real gold, as we know likes to be the safe heaven in such breaking moments on the market, even better it tends to keep rising in price and add more value for investors. That is why the GOLD token is such a great stablecoin. Not only is tied to the real gold price, which likes to go up when there is the market bleeding, but also it's not so volatile and there is less probability that the price will collapse when people start to withdraw their funds because they are fully backed with real gold in the vault. Everybody can check the audits and see this in real-time.
These are the main differences between GOLD token from Digital Gold and USDT from Tether in my opinion.
https://www.bullionvault.com/gold-price-chart.doIn the last few days, real gold started to move up again price-wise, just like I thought it will happen and I am sure it is only begging and rapid price spikes will come next, especially if there will be indeed correction on other markets like stocks or SP 500.
I don’t quite understand how profitable it is to invest money through tokens, and not directly buy gold if there is such a goal. What are the benefits of buying your tokens?
1. You don't need KYC/AML to buy GOLD tokens, so you can literally buy tokenized gold fully anonymous, online, and as much as you want. Try to do this with real gold.
2. There is no problem with liquidity, you can buy almost any amount at any time. Try to do this with real gold.
3. No problem with storing, sending, safety, and all other problems with storage and logistics when you invest in tokenized gold using GOLD tokens. Try to do it with real gold.
4. You can trade it on exchanges, Digital Gold market, exchange P2P, immediately buy or sell online. Try to do this with real gold.
5. You can send it in smaller fractions, accept as a payment method, pay with it, always with you (available and ready to use, even in a different country), etc. Try to do this with real gold
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Additionally, all that I have written above (in the first part of my post) also gives more confidence to buy a GOLD token than USDT or even real gold.