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Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 9. (Read 31836 times)

legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Gold will be strong like times ago. People do not know where to store money except gold. They will act on their intuition and proven ways.  

Yesterday I was in gold store where one can buy gold bars, coins, diamonds, etc
Talked with the seller and he says that January is already a record month and they see a lot of demand for gold bars

Worth to mention that 2022 was also the best year for them, so if January 2023 is even better, it shows there is and will be a lot of demand, especially if inflation will be still displayed in 2 digits number it will drive a lot of new buyers, they look to diversify wallets but mainly to escape from such insane high inflation.

I haven't bought real gold there and when I told them about GOLD token, that today one can benefit from GOLD price changes using blockchain services, they where blown away and immediately interested. We talked for a while and store owner admitted that this is the future of gold investments, blockchain and crypto, trustless systems.
copper member
Activity: 676
Merit: 181
A lot of things depends of FED decisions. If the USD will go stronger the gold can go down a little. Then it should go to 2000

I think USD is already quite strong looking at the USDT / EUR price?

To be honest I thought it will drop a bit in near future and USDT will loose some strength but I am not an expert in this field and this is why it is great to discuss this topic with somebody more knowledgeable.

I try to DCA so only question for me in both scenarios will be when to add more GOLD token to not miss opportunity if it spikes or to add for cheap if gold price will go down as predicted.

There is no guarantee that gold will decrease in price if the US dollar strengthens, as other factors may remain strong, including global demand for gold. Recent years have seen record-high gold prices. Even if the US dollar were to strengthen, gold could reach $2,000 per ounce, but this is not guaranteed and depends on a number of factors.

Gold will be strong like times ago. People do not know where to store money except gold. They will act on their intuition and proven ways. 
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
...Even if the US dollar were to strengthen, gold could reach $2,000 per ounce, but this is not guaranteed and depends on a number of factors.

This is what I count for an to be honest am almost sure that GOLD will go up in price mostly because of inflation.
If we will see same very high inflation during 2023 in EU countries, as it was in 2022, many more people will look to buy GOLD.

GOLD token is just great, I myself thought to buy real gold but all problems with buying, shipping, storage and later also selling made me to use GOLD token for that purpose.

I can sell at any moment any amount I want, same with buying, when I buy it's delivered immediately, and what is also very important there is no KYC - with real gold not possible, flexibility that GOLD token gives to his users is just great.

Wonder what you think about Gold token?
sr. member
Activity: 2156
Merit: 323
A lot of things depends of FED decisions. If the USD will go stronger the gold can go down a little. Then it should go to 2000

I think USD is already quite strong looking at the USDT / EUR price?

To be honest I thought it will drop a bit in near future and USDT will loose some strength but I am not an expert in this field and this is why it is great to discuss this topic with somebody more knowledgeable.

I try to DCA so only question for me in both scenarios will be when to add more GOLD token to not miss opportunity if it spikes or to add for cheap if gold price will go down as predicted.

There is no guarantee that gold will decrease in price if the US dollar strengthens, as other factors may remain strong, including global demand for gold. Recent years have seen record-high gold prices. Even if the US dollar were to strengthen, gold could reach $2,000 per ounce, but this is not guaranteed and depends on a number of factors.
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
...My question is that , is hunter will be paid or bounty closed?

We have GOLD token bounty thread and you should ask all campaign related questions there,

here link: https://bitcointalksearch.org/topic/bounty-gold-stablecoin-200000-payouts-in-btc-eth-gold-5164058

this is just a friendly reminder because your question could be seen as offtopic, this is Digital GOLD token announcement thread.
copper member
Activity: 676
Merit: 181


My prediction from the 9th of January comes true. Smiley
I realized that that bounty spreadsheet for the December has not yet been updated. My question is that , is hunter will be paid or bounty closed?

Dear Nagin,

Everything was updated. But we do not accept video where you only read from website.

Regards,
Support Team @ Digital Gold
https://gold.storage
jr. member
Activity: 251
Merit: 4


My prediction from the 9th of January comes true. Smiley
I realized that that bounty spreadsheet for the December has not yet been updated. My question is that , is hunter will be paid or bounty closed?
copper member
Activity: 676
Merit: 181
A lot of things depends of FED decisions. If the USD will go stronger the gold can go down a little. Then it should go to 2000

I think USD is already quite strong looking at the USDT / EUR price?

To be honest I thought it will drop a bit in near future and USDT will loose some strength but I am not an expert in this field and this is why it is great to discuss this topic with somebody more knowledgeable.

I try to DCA so only question for me in both scenarios will be when to add more GOLD token to not miss opportunity if it spikes or to add for cheap if gold price will go down as predicted.

My prediction from the 9th of January comes true. Smiley
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
A lot of things depends of FED decisions. If the USD will go stronger the gold can go down a little. Then it should go to 2000

I think USD is already quite strong looking at the USDT / EUR price?

To be honest I thought it will drop a bit in near future and USDT will loose some strength but I am not an expert in this field and this is why it is great to discuss this topic with somebody more knowledgeable.

I try to DCA so only question for me in both scenarios will be when to add more GOLD token to not miss opportunity if it spikes or to add for cheap if gold price will go down as predicted.
copper member
Activity: 676
Merit: 181
So here we are in 2023 wonder what is or will be your strategy this year?

My is simple add more GOLD and then buy some cheap crypto like BTC, ETH, LTC...

I already accumulate GOLD and keep waiting to start DCA also BTC because I still think we will go deeper with crypto prices.

A lot of things depends of FED decisions. If the USD will go stronger the gold can go down a little. Then it should go to 2000
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
So here we are in 2023 wonder what is or will be your strategy this year?

My is simple add more GOLD and then buy some cheap crypto like BTC, ETH, LTC...

I already accumulate GOLD and keep waiting to start DCA also BTC because I still think we will go deeper with crypto prices.
copper member
Activity: 676
Merit: 181
Dear GOLD token holders,

Recently our smart contract was attacked. As a result the GOLD token smart contact (developed by Ambisafe) will undergo extensive security audit. Once the audit is competed a new contract will be created and user balances that existed prior to the first hacking activity restored.

Previous audit by Chain Security of year 2019 failed to discover the vulnerability.

Gold Storage has taken all actions according to all applicable industry standards to protect users and its assets.

We sincerely apologize for the inconvenience caused.

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

Sorry to ask but i have some old coin stored and just noticed there is some kind of new contract address https://etherscan.io/token/0x0d16450d347c12c086d6c94c76c5aaac35ea07e0

and was wondering what steps to do if old coins from the old contract address ( 0x851e13b3cdcaec6fb3ae446dad82e112abaa827c) was not "restored" as the message says balances before the hack will be restored?? what steps can one take?

Or maybe this contract address is till valid https://etherscan.io/address/0x851e13b3cdcaec6fb3ae446dad82e112abaa827c as I see transactions are still active on the block explorer...

Dear Woodie,

All tokens that were compromised at the time of the attack were restored to users. If you do not have GOLD tokens on your new contract, you most likely bought them somewhere at a discount or received them after the new contract was up and running.

Regards,
Support Team @ Digital Gold
https://gold.storage (https://gold.storage)
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Sorry to ask but i have some old coin stored and just noticed there is some kind of new contract address...

Yes there is new contract for GOLD token you are correct

...what steps to do ... old coins ..will be restored?? what steps can one take?
...

unfortunately swap time is over and you can't do much about this

but wait for official reply from team maybe, just maybe they will be able to help

I have same problem and few hundred usd in GOLD token stuck on exchange, can't do nothing about this

wish you luck and happy new year, also to all Bitcointalk members and GOLD token team!
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
Dear GOLD token holders,

Recently our smart contract was attacked. As a result the GOLD token smart contact (developed by Ambisafe) will undergo extensive security audit. Once the audit is competed a new contract will be created and user balances that existed prior to the first hacking activity restored.

Previous audit by Chain Security of year 2019 failed to discover the vulnerability.

Gold Storage has taken all actions according to all applicable industry standards to protect users and its assets.

We sincerely apologize for the inconvenience caused.

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

Sorry to ask but i have some old coin stored and just noticed there is some kind of new contract address https://etherscan.io/token/0x0d16450d347c12c086d6c94c76c5aaac35ea07e0

and was wondering what steps to do if old coins from the old contract address ( 0x851e13b3cdcaec6fb3ae446dad82e112abaa827c) was not "restored" as the message says balances before the hack will be restored?? what steps can one take?

Or maybe this contract address is till valid https://etherscan.io/address/0x851e13b3cdcaec6fb3ae446dad82e112abaa827c as I see transactions are still active on the block explorer...
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
... I can't understand the benefit of holding a token like this...

GOLD is more stable and reliable than other cryptocurrencies, store of value, and is simply much easier to buy, store, sell, exchange as real gold.

...It isn't hard to buy real gold to hold...

I agree that it is relatively easy to buy very small quantities of gold even online, when it comes to amounts a bit larger, like few thousands USD not possible without revealing at least some of identity.

...invest in an ETF with audits and regulations...

KYC/AML
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Tokens that are "backed by gold" have been around as long as I've been in crypto (more than a decade) and each and every one of them always end up being scams that get rug pulled.  Not saying that's what is happening here, I mean the thread is several years old...  However, I can't understand the benefit of holding a token like this.  It isn't hard to buy real gold to hold, or to invest in an ETF with audits and regulations.  Investing in something like this seems to be financial suicide.  Granted, I could be wrong, but I honestly can't think of any benefits that could come close to the risks of something like this. 
hero member
Activity: 1924
Merit: 538
Hi,

Who knows why eth and bitcoin stuck and do not fall when all other market goes down?

because they are the best choice.
copper member
Activity: 676
Merit: 181
Hi,

Who knows why eth and bitcoin stuck and do not fall when all other market goes down?
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Patterns are good, but it often happens that serious macroeconomic data breaks them down...

Yes I will have to agree with you on this, still triple top is pretty strong signal for reversal.

...The world economy is in trouble and confusion right now.

this is where GOLD was always the number one investment, and still is, despite patterns, reversals, corrections, long term trend on GOLD is bullish, price keeps going up

I myself and many other people I talked with lately that look to run away from inflation and want to diversify crypto portfolio, majority think about GOLD and other commodities, still gold is the number 1 here no doubts about this.
copper member
Activity: 676
Merit: 181
...Very soon we may see the level of $2,000 per ounce.

are you not afraid of Triple Top Reversal Chart Pattern when it happens?

we had such pattern also in 2018, gold price corrected during next few months.


https://www.asktraders.com/learn-to-trade/technical-analysis/triple-top-pattern/

so I hope we will see ATH next year for GOLD but $2200 or higher   Cool Wink



Patterns are good, but it often happens that serious macroeconomic data breaks them down. The world economy is in trouble and confusion right now.
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