Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 57. (Read 31858 times)

With these day of nice growth of GOLD price, I got to see myself how storage fee works and I think I've seen a problem.

The website tells that the fee is 0.0027% per day.
I had 5.94 GOLD and although the calculation would say:
fee = 5.94 * 0.0027 / 100 = 0.00016038 GOLD,
my wallet was paying 0.001 GOLD, which is 6 times more.

I'm also curious that since now I have only 0.024 GOLD (which I hoped I can convert into some ETH change for gas and I've seen late that it's under the minimum limit) I'll still pay 0.001 GOLD / day?
I think that some fine tuning is necessary. And yes, I know that you have only 3 decimal places and the contract is live, so I don't know what a fair solution would be.

I thought that the gold price will rise and of course at this same time the GOLD token price, but I haven't even imagined that this will be so fast and a strong move.
This only indicates one thing, that there is a big need for real gold and lately I see a lot of news which confirms that there is not enough gold on the market.

This means that gold prices will keep rising and only because of this now even more people will look to invest in real gold, but because of the too-small supply it will be hard to do it and finally many of them will search for alternative ways to invest like the GOLD token from Digital Gold project. I am completely sure that cryptocurrency enthusiasts and investors will choose the GOLD token if they would have problems investing/buy real gold and this is only the beginning.


https://www.bitforex.com/en/spot/gold_usdt

With every new day, there will be less gold on the market and the price will rise, so I am expecting now a big rally.

Just look at the GOLD/USD chart above and if you haven't bought GOLD tokens yet, then do it ASAP and enjoy the ride, just like me.
I am so happy that I invested in GOLD two weeks ago, only in the last few days price spiked more as 20% and seems like this is only the beginning.

Price of gold has currently stood above $1700, at $1723 (per ounce). That price is the highest price of gold since 2013. It seems our expected price trend has been on the good ride.
https://www.bullionvault.com/gold-price-chart.do

On the other side, we have good news on the pandemic, in European nations but if things will go on what we discuss, the really big issues will appear after the pandemic stops or halts with health system. When the burden of the pandemic on health system drops dramatically, governments will have more fully assessments on economic effects of the pandemic, and such kind of coming reports will help gold rising upwards much significantly.

Dear kro55,

The question is posed incorrectly. It should be like that. What are PAX Gold over Digital Gold advantages? Our company launched the world's first stablecoin backed by gold. Now many companies began to copy this solution. This is great news for us! The presence of competition indicates the effectiveness of the solution (digitization of gold). Naturally, each new company is trying to find its competitive advantages. You note that PAX Gold do not charge annual fee. If this is true, who exactly pays for the physical gold storage? If it is actually deposited in London banks, these banks take a fee to store gold. We do not charge fees for transactions, PAX Gold charges 0.02% fee.


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

You make a good point but it a simultaneously progress for Rome is not build in a day and i think the words said by people like Kiyosaki and others big name about Gold and BTC to be save haven should be enough to boost people courage towards Gold and BTC.



Digital gold is a genuine precious metal backed stablecoin which respect and follow the anonymity aspect implement by Satoshi which was also the thing most crypto enthusiast value while Pax in the other only value their own profit level through the centralized and KYC aspect of the project.
Yes and that because Pax gold are troy ounce and have less security while Digital gold are PAMP cast gold bar which has some kind of secure and trackable security. I believe the 0.99% annual fee is for the security used to secure the gold bar.

The two token are ERC20 so there transaction fee is actually determine by ETH network not by the project team so there fee should be the same mate.

What are advantages of Digital Gold over PAX Gold? I watched Pax's video and they say there is no storage fee while GOLD has 0.99% annual storage fee. I am aware that PAX Gold has 0.02% transaction fee but that's still a lot lower than Digital Gold.

I truly hope so, even more, I hope that cryptocurrencies will finally win the battle with gold to be the safe heaven asset of the world. Why?

Because its obviously easier to buy, sell and maintain cryptocurrencies and with real gold one can do literally nothing. It will be hard to buy something even if you have a kilo of gold because it is not easy to break it into smaller pieces (without the needed knowledge and special tools) and to value correctly. That is why I see a very big chance for cryptocurrencies because already we can buy things with them and hopefully soon it will be possible to pay with them everywhere. Easy to store, maintain, send, pay with, etc.

Of course GOLD token should perform very good now and I am sure we will see soon more real gold in the Bullionstar vault bought by Digital Gold team.
Many people who don't know the GOLD token are really excited about when I advertise it to them. Everybody says that we are entering the new economy age with crypto and for sure it will change the world and the FIAT money reality we are living in.

I think it is obvious for everybody that cryptocurrencies are way better than FIAT money or gold and finally, the world economy will have to change despite everything.


I still hope that if this pandemic will last one 3 months to half-year then it will not impact the world economy so badly. We can assume that in Europe we are already 1 month in the pandemic because the lockdown started here on the 16th of March. Unfortunately, the longer it lasts, the worse for everyone and the economy.

Your presumption about gold price to continue to surge is right because this current pandemic will open more people eyes to cryptocurrency and gold. Besides, theres are limited gold mining factory in the world and so is gold either so it not a matter of hope for the price of gold will totally surge in future.

Good thinking. As a natural price activities of Gold, it gradually climbs up or falls down. The term of gradually is used when we compare the votality of Gold and bitcoin or cryptocurrency. For traditional investors who only know and invest in gold, gold price is volatile and sometimes make them fear. It is good for market. Without fear and FOMO, we don't have any real financial market.
Correct. Gold is a kind of most favorite assets when the world gets troubles with crises. It is a kind of physical stable asset.
The ATH in 2011 can be hit in the third or fourth quarter of this year but if I have to bet, I will bet it occurs in fourth quarter. Troubles that the world have to solve after the pandemic will be contained is significantly bigger than the contagious pandemic (in aspect of burden on health system).
There are always winners and losers on market.

it is every year more and more gold produced . but also more and more people buy gold in times of crisis . i think but the price will continue to rise in the next 5 years . i hope so 

Indeed I personally think that the gold price will rise at least to the end of this year. Strong up but also with a lot more volatility as always and the more stable the crisis gonna be the slower the price will go up. Real gold was always the best safe heaven in crisis times and this is why this time is no different and we see the gold price going to new heights.

It is obvious when we look at the chart showing the last  20 years of gold price movement that for sure we are going up and all surrounding economics facts only support this theory.
This is a very good sign for GOLD token and from some time I started to hodl them because are performing way better than other cryptocurrencies and give more stability to my portfolio.


https://www.bullionvault.com/gold-price-chart.do

I think the gold price will at least match the ATH from 2011 this year. Taking into consideration very high volatility on all markets we can suspect this will be a very bumpy ride, so if one decides to invest in real gold or GOLD token, I would advise to stick to the strategy and don't panic sell when the price will drop 10 or even 25% in few days. It should bounce back, as it does many times before and the best strategy is to buy more on the deep and not to sell.

Just a reminder because I know from experience how hard it is to stick to the strategy when the price is falling very fast and our portfolio loses value.

What do you think if will we witness another 4 years of bull for gold like what we witnessed in the past when Gold setup its all time high? I am not overoptimistic about anything but with what we have to face with, the pandemic, the financial crisis, tha bankcruptcy to come, gold has a bright future growth next years. Not sure it bullish period will last 4 years, maybe a bit longer or shorter. Hold your gold tightly till the end of next year (2021).

It seems like the drop in March which affected all the markets was just a simple bump for gold as the price has bounced back since then and continues to grow further.
Here is a six month graph showing how the gold price has been growing

survivors who are saving gold for continuing to go against the direction of the current position of the world economy even very much decreased, but this is different from the price of gold

As covid-19 make the workd economic dive into recession GOLD PRICES edged back as stock markets fell hard in London trade Wednesday, cutting this week's gain so far to 1.7% at $1618 per ounce, as research out of China suggested that 1-in-3 survivors of Covid-19 may not develop antibodies to the virus, while the Eurozone's No.2 economy France reported its worst GDP drop since World War Two.source
But Gold experience +0.40% increase in price early this morning and still showing the strength of more surge in price.


Guys seize the opportunity of Gold investment.

Dear wwzsocki,

You can leave everything as it is now.

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

I think your post is not completely off-topic because you mentioned many aspects of the GOLD project, about its signature campaign, their manager's professionality, and the reliability of the GOLD project. Their professionality is a good evidence of their reliability so I believe your appreciation on it should stay here.

Anyway, you are a great user and the GOLD company (I guess) has lucky to hire such participant like you. BTW, congratulations for your new campaign, bud.

I just want to let know that from today I am leaving the Digital Gold signature campaign in which I was enrolled for the last few months.

It was a pleasure to work with such a great campaign manager and for such a great company like Digital Gold.

I have to admit that this signature campaign is managed on a very professional level and I had no problems at all with anything.

Responsive manager and willing to help. payments on time every month, great product and company to advertise - I wish all signature campaigns could be like this one.

PS
By mistake, I have written this post here in the ANN thread and it was mentioned for the bounty thread.

OP or campaign manager, please let me know if I have to delete and move this post to the bounty thread or maybe it can stay here as it is?

Thanks for clarification
Thanks for the answers... I'll sure come back to ask more

Dear hosseinimr93,

Thank you for your clarification.

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