[ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token - page 43.

rutendojenkins

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Quote from: basil-usa on August 06, 2018, 04:44:15 PM

I appreciate that it is now simpler for us to be directly connected in the Gold mining world Wink

True,and you don't need to travel all the way to Africa to do it.Just by simply purchasing tokens in the comfort of your own home,you get to invest in gold that is on the other side of the world! 8)Sweet!

rutendojenkins

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Quote from: NetwknGRU on July 29, 2018, 04:44:56 PM

Quote from: nevaquit on July 29, 2018, 09:47:56 AM

Quote from: basil-usa on July 28, 2018, 04:59:08 PM

Gold - Gold is recognized as a having a long-term record of stability. The U.S. has had a completely paper-based currency for 45 years, while gold has been a medium of global exchange for more than 5,000 years. What I'm trying to say is people look for is something that’s an insurance policy, an asset that holds its value in times of trouble,”You don’t want uncertain reserve assets.” With a track record of more than 5,000 years, gold could be the opposite of “uncertain.” And I love this

Very good points regarding gold. Other great points include that gold is the only financial asset that is not simultaneously someone else's liability.
1) Gold does not require the backing of any bank, government, or brokerage firm.
2) Gold cannot suffer a default or its value fall to zero.
3) No counterparty risk means that once you have physical gold in your possession, you don’t depend on someone else to fulfill a contract or keep a promise for it to retain its value.
Stocks, bonds, ETFs... essentially all paper assets require another party to make good on their end of the deal. Not so with a gold coin in your hand. Thats why the tokenization of gold is so so important to the blockchain ecosystem.

This is really really getting intresting so basically all these points you outlined translate to power, control and wealth. What I mean is:
1.POWER- With Gold you have power because you have a commodity that can not be tempered with by third parties or the powers that influence the current monetary system to their benifit so by Tokenizing gold you are taking power back into your hands

2. Wealth- With the GMA token you do not only get the value that comes with gold but you earn royalties while storing value.

3. Control- Block chain give you all the transparency you need and you can trade you valued token how you wish once it is listed

Thi is GREAT!!!!

Because gold is highly valued and in very limited supply, it has long been used as a medium of exchange or money. The first known use of gold in transactions dates back over 6000 years.This is one stable store of value!!

rutendojenkins

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The rarity, usefulness, and desirability of gold make it a substance of long-term value. Gold works well for this purpose because it has a high value, is durable, portable, and easily divisible.Now imagine a crypto currency backed by such an asset!Amazing!!

rutendojenkins

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Quote from: SaprikMazhik on August 08, 2018, 05:08:03 AM

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world Shocked

This can save a lot of people money for people in fees and other costs associated with using banks. This feature of block chain technology is very appealing to many people who wish to save money in their finances.Also getting access to a goldmine ,travelling to the site and fulfilling all the requirements to begin a mining operation is too capital intensive for most investors who want to invest in gold.Thankfully Goldma has done all the work,all you need is to purchase the tokens,and wait for your royalty!

rutendojenkins

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Quote from: basil-usa on August 02, 2018, 12:13:40 PM

I love the aims they have. For example, to decentralize the opportunity to invest in multi-million dollar gold mining projects and enable anyone to inexpensively and securely transfer value anytime, anywhere

Decentralized currencies allow transactions to be made directly from person to person without the assistance of a third-party. This dramatically improves financial efficiency and allows people to be less reliant on banks or other financial institutions.

rutendojenkins

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Quote from: Grandmasterbit93 on August 06, 2018, 04:44:47 PM

so far the results have been obtained from this project has been very good and I see the ico is still running until October and this is a great opportunity for this project can reach hardcap because duration ico is still long

Goldma is trying to get everyone included ,and give everyone this once in a life time opportunity to invest in a currency that is going to change the world!

rutendojenkins

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Throughout the history of mankind for 5,000 years, Gold has been money. Gold was money. Gold is money. Every attempt to replace a Gold backed currency with a fiat currency has failed.

tidtpro333

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Quote from: SaprikMazhik on August 08, 2018, 05:08:03 AM

By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world Shocked

What is the big idea to unite it?

rutendojenkins

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Quote from: nevaquit on August 08, 2018, 05:31:28 AM

Having a gold mine already and producing gold everyday allows us the ability to realistically offer a great ICO for our investors. Grin

Yes sir,the ball is already rolling,that's the beauty of Goldma!

rutendojenkins

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Quote from: alicejohnson on August 08, 2018, 05:07:25 AM

Remitting dividends can be a daunting task when paid in Fiat through banks. Goldma will send out royalties in Ether, which is fast and without hassles! I love this approach!

That is so true,great observation!

nevaquit

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Having a gold mine already and producing gold everyday allows us the ability to realistically offer a great ICO for our investors. Grin

SaprikMazhik

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By reducing all the obstacles that are in the way to success in the gold mining sector, Goldma has huge signifies to unite investors from all over the world Shocked

alicejohnson

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Remitting dividends can be a daunting task when paid in Fiat through banks. Goldma will send out royalties in Ether, which is fast and without hassles! I love this approach!

JackJackD

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Quote from: rutendojenkins on August 08, 2018, 04:28:15 AM

Quote from: nevaquit on August 08, 2018, 03:12:59 AM

Its great that others are understanding that by combining the best attributes of Gold and cryptocurrency - we are embarking on a groundbreaking venture. I believe that blockchain technology will lead the way in the evolution of money and how money is valued.

If a crypto currency is the ‘alpha’ of monetary systems, a gold backed crypto currency would be considered as the ‘uber-alpha’. The benefits of a gold-backed crypto currency outweigh those provided by an investment that has no fall back.

That's absolutely true. I think that the project Goldma creates is kind a new approach to gold, making it more available for token holders

Plenamola

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Quote from: rutendojenkins on August 08, 2018, 04:44:42 AM

Gold backed crypto currencies retain their asset value, despite a dip in demand:

If you invest in the GMA token a gold backed crypto currency – you don’t have to face the possible consequences of loss if the digital currency in fails or falls in price.
Even if a crypto currency loses its demand over a period of time, it still retains its asset value – given that it is backed by gold. The intrinsic value of gold is safe from falling prey to the volatility that might plague other crypto currencies in the future and contribute to bursting the crypto currency bubble.

That's true. Gold is always a great decision - no matter what happens to btc, for example, you always have your tokens based on Gold. And that's amazing. Thanks for giving an opportunity to investors to buy GMA tokens

rutendojenkins

newbie

Activity: 70

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Gold backed crypto currencies retain their asset value, despite a dip in demand:

If you invest in the GMA token a gold backed crypto currency – you don’t have to face the possible consequences of loss if the digital currency in fails or falls in price.
Even if a crypto currency loses its demand over a period of time, it still retains its asset value – given that it is backed by gold. The intrinsic value of gold is safe from falling prey to the volatility that might plague other crypto currencies in the future and contribute to bursting the crypto currency bubble.

FCj119

newbie

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What I really like is that Gold allows companies and investors a means of receiving and remitting investment/royalties/dividends anywhere, anytime without the barriers of cash

timofmerk

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This project is undoubtedly value-based and that's what i love about it

mikeormike

jr. member

Activity: 182

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Traditionally, it is very difficult to invest in any gold mining project. You need a lot of money as well as jumping through many complicated hoops to invest in gold. But, with Goldma, it's a whole lot easier. All you have to do is sign up on the website and buy GMA tokens. Wink

rutendojenkins

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Quote from: nevaquit on August 07, 2018, 02:21:35 PM

Quote from: rich-ria on August 07, 2018, 12:29:42 PM

Interesting perspective. I think real value is consistent. I think that's what makes Goldma valuable. It is backed by an asset that is consistant because gold is not volatile

Hey Rich,
You are absolutely correct. Gold has consistently held value over time. Goldma has recognized this and now integrates the properties of gold with the attributes of blockchain technology. Thats a strong reason why this project will become very successful. So the early adopters will do very well!

The problem with fiat currencies is that they are so volatile that currency investors and businesses are always on tenterhooks of uncertainty. This volatility is caused by a myriad of factors, but mostly due to being backed by the unreliable world currency which is manipulated to change the value of the currency.

But the GMA token that is backed by gold does not ride in that wave since it is backed by a stable gold market that always shows growing trends over the long term.

Topic: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token - page 43. (Read 46474 times)