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Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 58. (Read 31537 times)

legendary
Activity: 2156
Merit: 1622
From what I know GOLD team is buying 100g gold bars, which are still available for sale there. So I see no issues.

1g of gold in futures is equal to 51,95$
1g of gold bulionstar is equal to 55,85$ (https://www.bullionstar.com/buy/gold-bars - 5585 /100)

That's what i'm talking about. 7.5% spread.

1g of gold in goldtoken is equal to 51,95$ - based on this chart


https://gold.storage/pl/market
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
From what I know GOLD team is working with bullionstar.com. Although they also face certain problems with the supply, they wrote that the availability info on the website is up-to-date.

We have prepared for the calamities on the financial markets and in the monetary system for many years and have planned and structured our company accordingly. At the first signs of the imminent shortages, we were decisive and aggressive in increasing our stock levels for precious metals.

We only sell metals we have in stock or metals which are purchased by us, produced by the supplier and on route to us. You can view the . All metals indicated as “In Stock" are available for immediate release/delivery.

From what I know GOLD team is buying 100g gold bars, which are still available for sale there. So I see no issues.
legendary
Activity: 2156
Merit: 1622
Based on various sources we are currently in Gold Bullion Shortage - "when the physical bullion market's available bullion supply for sale and immediate delivery is unable to sufficiently meet the investing public's demand".
(f.e Traders have reported a growing global shortage of gold bars). If Gold token is backed by physical gold are there any restrictions or limits to buy Gold token now? Has gold token team any issue with access to physical gold currently? Is this shortage real or just fake news (who would know it better if not GOLD token team?).

As I know price of phisical gold is even up to 10-20% higher than futures price currently and you need to qait up to 8 weeks for delivery. As I can see Gold token price is still very close to futures price.
hero member
Activity: 1834
Merit: 566
I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the prian ce will continue to rise.
It is good for now that GOLD tokens can be exchanged without any KYC. I hope it will last forever.
Yes, it will last forever mate because aside from the implementation of genuine liquidity stablecoin, the ease of investing in gold and buying it anonymously is one of the major concepts of this project.


Undoubtedly. Gold prices are on upward trend and several investors I know are eager to add gold in their portfolios. However, other means of gold investment such as bhas or gold ETF are very stringent from KYC point of view and time-consuming. But Digital Gold have solved this problem and provide the gold ownership in most secure as well as private way. No doubt, Digital Gold buying volume will rise many folds this year.
As far as I know, KYC requirements depend not only on companies' owners but also on local law regulations. So if your local governments change their policies, maybe the platform will must require KYCs on customers. Of course, I hope it will be not what will happen in the near future.
You are correct but as far as i understand things like that will never change in the future, except if more restriction will be added. Mind you, gold will be scarce in the future.
hero member
Activity: 2366
Merit: 838
There are huge things to be solve over the globe after the pandemic disappears. There are many issues, from economical to public health and communities to help the whole world back to normal life. It will play important role to boost the price of GOLD next one or two years.
I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the price will continue to rise.
It is good for now that GOLD tokens can be exchanged without any KYC. I hope it will last forever.
Undoubtedly. Gold prices are on upward trend and several investors I know are eager to add gold in their portfolios. However, other means of gold investment such as bonds or gold ETF are very stringent from KYC point of view and time-consuming. But Digital Gold have solved this problem and provide the gold ownership in most secure as well as private way. No doubt, Digital Gold buying volume will rise many folds this year.
As far as I know, KYC requirements depend not only on companies' owners but also on local law regulations. So if your local governments change their policies, maybe the platform will must require KYCs on customers. Of course, I hope it will be not what will happen in the near future.
Our company always wanted people to hold and trade gold without any restrictions. This is the way how tokenization should work. Therefore, we did not apply KYC methods and other methods of identification.

hero member
Activity: 1834
Merit: 566
I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the price will continue to rise.

Undoubtedly. Gold prices are on upward trend and several investors I know are eager to add gold in their portfolios. However, other means of gold investment such as bonds or gold ETF are very stringent from KYC point of view and time-consuming. But Digital Gold have solved this problem and provide the gold ownership in most secure as well as private way. No doubt, Digital Gold buying volume will rise many folds this year.
Your presumption about the project rise in many folds this year is right because the trade volume of the project simultaneously increases every week despite the current pandemics which i believe was due to people understanding these days the features a genuine stablecoin ought to posse.
legendary
Activity: 2380
Merit: 5213
Till today, I don't understand why the average people become a victim if there are other alternatives for doing the same investment. The GOLD CFD in Metatrader is a widely used financial tool for trading and smart traders can make money with the increasing value of GOLD. Why believe in the new project and ignore the old methods?
Your question is like asking why we need bitcoin while Fiat is accepted everywhere.

People can use gold tokens to be able to trade it with other cryptocurrencies very fast. You can exchange your bitcoin to Gold tokens when you think bitcoin will fall and exchange them again to bitcoin in few seconds whenever you want.
As I already said, one of another advantages of having gold in form of a cryptocurrency is that you won't have to pass identity verification. Your privacy is protected and you won't risk to give your personal documents to third parties.
copper member
Activity: 676
Merit: 181
I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the price will continue to rise.

Undoubtedly. Gold prices are on upward trend and several investors I know are eager to add gold in their portfolios. However, other means of gold investment such as bonds or gold ETF are very stringent from KYC point of view and time-consuming. But Digital Gold have solved this problem and provide the gold ownership in most secure as well as private way. No doubt, Digital Gold buying volume will rise many folds this year.

Dear webtriks,

Our company always wanted people to hold and trade gold without any restrictions. This is the way how tokenization should work. Therefore, we did not apply KYC methods and other methods of identification.

Regards,
Support Team @ Digital Gold
https://gold.storage
legendary
Activity: 1918
Merit: 1728
I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the price will continue to rise.

Undoubtedly. Gold prices are on upward trend and several investors I know are eager to add gold in their portfolios. However, other means of gold investment such as bonds or gold ETF are very stringent from KYC point of view and time-consuming. But Digital Gold have solved this problem and provide the gold ownership in most secure as well as private way. No doubt, Digital Gold buying volume will rise many folds this year.
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.
 Smiley



This is indeed great news because we all know that there were doubts related to the anonymous team of Digital Gold project.

Despite that only advisors are reveled this is a good step in the right direction.

I think next year will be great for the GOLD token because there is a big need for real gold and I am sure that the price will continue to rise.
legendary
Activity: 1344
Merit: 1001
Is anyone on this thread aware of Goldmoney and that large company used to allow the transfer of gold grams between users.  

I had never heard of them. But I just searched for them through Google and visited their website.
In my opinion, there isn't any big advantage in buying gold through such websites.

One of the biggest advantages of Digital Gold over them is lack of identity verification.
I will never trust such websites with my personal documents.


Till today, I don't understand why the average people become a victim if there are other alternatives for doing the same investment. The GOLD CFD in Metatrader is a widely used financial tool for trading and smart traders can make money with the increasing value of GOLD. Why believe in the new project and ignore the old methods?
legendary
Activity: 2380
Merit: 5213
Is anyone on this thread aware of Goldmoney and that large company used to allow the transfer of gold grams between users.  

I had never heard of them. But I just searched for them through Google and visited their website.
In my opinion, there isn't any big advantage in buying gold through such websites.

One of the biggest advantages of Digital Gold over them is lack of identity verification.
I will never trust such websites with my personal documents.

hero member
Activity: 1834
Merit: 566

The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.
 Smiley
This is avoid gold storage from projects that have anonymous developers, at least like that, and also this is certainly very meaningful to treat the questions of many people, now everything has been answered, I don't think there will be any other doubts about this project.
You're right with what you said but we shouldn't blame some investors not trusting project that have anonymous team because some project that doesn't have anonymous team have scam investors (an example karatcoin etc) before and with every question been answered now more people will trust this project.
BM, please add the team information to the project page.

Dear Hulla,

We answered that question some months ago. Right now the devs are the Digital Gold investors and we can't reveal their information.

Regards,
Support Team @ Digital Gold
https://gold.storage
Yes of course and I'm total aware of the situation cause I'm among this project follower, enthusiast right when the bounty start but i was actually talking about the two advisors not the Dev.

Is anyone on this thread aware of Goldmoney and that large company used to allow the transfer of gold grams between users.   It wasnt exactly related to crypto but allowed the payment of BTC and various alt coins to be used.   However they shut down the business to all but the very largest holders with high minimum fees charged because of large amounts of red tape making the handling of gold for small customers unfeasible.
I'm only aware of egold project which was the most used electronic payment back in the year 2004-2008 if i could remember correctly before it was shut down and led to alot of people lost.
I googling the name you mentioned but i find a site that goes with the name and it seem to be operating and don't support crypto payment.

  Their failure elevates the prospects for alternatives like this and I hope this project is alot more successful as gold will be vital to even the ordinary citizen over the next years as we witness how QE plays out and unwinds into inflation.
Thats correct and if you check most current precious metal back project none of them truly open up their gold assets as this project does.

STT
legendary
Activity: 4088
Merit: 1452
Is anyone on this thread aware of Goldmoney and that large company used to allow the transfer of gold grams between users.   It wasnt exactly related to crypto but allowed the payment of BTC and various alt coins to be used.   However they shut down the business to all but the very largest holders with high minimum fees charged because of large amounts of red tape making the handling of gold for small customers unfeasible.
   Their failure elevates the prospects for alternatives like this and I hope this project is alot more successful as gold will be vital to even the ordinary citizen over the next years as we witness how QE plays out and unwinds into inflation.
copper member
Activity: 676
Merit: 181

The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.
 Smiley
This is avoid gold storage from projects that have anonymous developers, at least like that, and also this is certainly very meaningful to treat the questions of many people, now everything has been answered, I don't think there will be any other doubts about this project.
You're right with what you said but we shouldn't blame some investors not trusting project that have anonymous team because some project that doesn't have anonymous team have scam investors (an example karatcoin etc) before and with every question been answered now more people will trust this project.
BM, please add the team information to the project page.

Dear Hulla,

We answered that question some months ago. Right now the devs are the Digital Gold investors and we can't reveal their information.

Regards,
Support Team @ Digital Gold
https://gold.storage
hero member
Activity: 1834
Merit: 566

The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.
 Smiley
This is avoid gold storage from projects that have anonymous developers, at least like that, and also this is certainly very meaningful to treat the questions of many people, now everything has been answered, I don't think there will be any other doubts about this project.
You're right with what you said but we shouldn't blame some investors not trusting project that have anonymous team because some project that doesn't have anonymous team have scam investors (an example karatcoin etc) before and with every question been answered now more people will trust this project.
BM, please add the team information to the project page.
sr. member
Activity: 1414
Merit: 254

The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.
 Smiley
This is avoid gold storage from projects that have anonymous developers, at least like that, and also this is certainly very meaningful to treat the questions of many people, now everything has been answered, I don't think there will be any other doubts about this project.
copper member
Activity: 676
Merit: 181
Dear GOLD token holders!

We are happy to report that we have started formation of advisory board to expand our business globally. This will improve efficiency of all running processed dedicated to growth of GOLD liquidity and popularity.

Since the beginning of 2020, the amount of physical gold stored in our vault storage doubled to the total value of almost $1 million. We are planning to triple the assets withi 2020 and reach over 60 kilos of gold bullions in the storage.

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



sr. member
Activity: 1904
Merit: 256
Vave.com - Crypto Casino
Is there any way users's gold token could be frozen despite being in his wallet/address?

ps: question popped up when I read 'asset freeze' in this article, which is quite unsettling to say the least.


For me it is also not good to have a freeze, it will be unsettling if the freeze is imposed, and besides that it will also make people worry about their assets being frozen, perhaps freezing can occur if there is an error, or theft that occurs, so don't worry about the gold assets that we have, will completely become ours and only we ourselves can access them, or is there an obstacle you experience? Just tell me what problem you are experiencing here
hero member
Activity: 1834
Merit: 566
The Gold token has decide to reveal someone of their team and i hope this will answer the question asked by some people.
 Smiley



Another good development by the Gold Storage team  Smiley
Having known team members can be a very good confidence booster to the supporters and investors of the project. Their Expertise is also highly welcome to the Gold Token family.
You're definitely right about booster to the investors but the project team havent for once give any reason for the investors to doubt them right from the get go. In the meantime, revealing some of the project team was only the good development done by the Gold token team because they are planning to increase their assets in triplefold within this year


Is there any way users's gold token could be frozen despite being in his wallet/address?

ps: question popped up when I read 'asset freeze' in this article, which is quite unsettling to say the least.


Frozen of Gold token users token won't occur on this project platform though i haven't do an in-depth research about but if you know at the article only stablecoins which required KYC to redeem has the frozen procedure and Gold token don't require any KYC in every angle so frozen of user Gold is not possible on this project for every is anonymous.
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