Safe Gold investments and viability - page 2.

add1ct3dd

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Quote from: ?? on ??

There is truth in what you say. But not only investing in gold, but all types of investments must know how to invest properly if you don't want to fail or lose. Gold investment is a real investment, the wrong way to invest can be a loss, let alone investing in crypto.

There are lots of cryptocurrency in the market that claims to be backed by gold, but not all of them are really backed with gold. So far after my research I have discovered that it is just a few of them that are truly backed by Gold, such as the PAX Gold. So, anyone that is buying investments that are backed by precious metals has to be very careful and properly research the coins they are investing in.

You have to know whether those assets are truly what they are claiming to be and whether they really have proof to show for it that they are backed by such. That’s it for me.

WalkerIVIV

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Quote from: Teknisi88 on October 02, 2021, 10:27:49 AM

profitable investment in the future, and can be a potential asset.

It's not even profitable anymore. Gold can be considered as a low volatile asset and this kind of commodity was also stable. The price movement was not so big and it goes and down based on the demand.
Gold used as reserve commodity to backed the dollars but in another side people started to know if the gold doesn't have real value as it lacks of utility. We can use gold to create jewel but it's not really useful at all.
This makes some people were seeing gold was not so potential as a new investment instrument like crypto which was based on the utility that already offered by the tokens or coins.
Gold will never be a potential asset caused by so many limitation on its usability.

Teknisi88

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

Basically, gold investment is a safe and profitable investment in the future, and can be a potential asset. However, gold investment can change to be insecure if the investment objectives and investment processes carried out are incorrect. So, when investing in this instrument, you must really understand the correct way of investment.

zulfi125

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I have never seen good projects backed by Gold that are successful in the market, So I suggest don't invest in Gold-backed projects, most of them don't have real gold and they will scam in the future. So you can invest in other good-growing blockchain projects.

passwordnow

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Quote from: AmoreJaz on October 01, 2021, 05:04:56 PM

Quote from: passwordnow on October 01, 2021, 04:58:03 PM

Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

Gold-backed cryptocurrencies? saw a lot of them didn't find any success. If you're wanting to invest into the same type of projects, you still need to do a lot of research after hearing everyone on this thread. But there are other types of projects that you can invest with that money of yours if you are open about other projects. There are so much better than the gold-backed cryptocurrencies and if you value them, that's all on you and I'm just giving you an idea that there are others as an option.

most of these gold-backed projects that transpired in the forum were scam. very few emerge as authentic and you can only count it on your one hand. if the OP can't do much digging on the project that he's about to invest, better not invest at all. even few projects here that posted their certificate of gold holdings ended up bad, remember the maya preferred 223 (MAPR) project . where are they now? they posted gold certs and all.

Truthfully yes. Very few of them succeed and the rest of them, they were failed to deliver what's with that gold project that they've proposed before. I think, IIRC, there were plenty of them during the popularity of ICOs but too bad that many of them have ended very badly and many of them are no longer in action.

shinratensei_

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I will try to mention a gold backed token like this https://coinmarketcap.com/currencies/pax-gold/

You can see the all-time chart of pax gold tokens. The gold token issued by the trusted company was so good but it less on the volatility compared with the crypto that used the company's performance as a way to determine how volatile the market was. The gold token was still viable and this can be considered a safe investment as the gold token is less volatile and it was pegged with the real commodity like gold but this is not a good token to generate huge profit. You will be able to earn small profit from the volatility of gold.

chaser15

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

Past performance can't guarantee future results. If your effort, preparation, and deep research tell you that it's the right time to invest, then just pull it and trust the managing skills that you will be good at handling. Risk is always there. That's your challenge to solve it like in any other business. Try to look at all disadvantages and create some ways to solve or much better, to avoid it.

TastyChillySauce00

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If the gold project was using the price of gold to determine the value of its token caused by the token will be backed by the real gold and then why do you need to invest in the gold project? i should remind you that dude if you can hodl gold directly and it's better for you to pick gold rather than investing in the token backed by gold. i have been bunch of token backed by gold but all of these tokens didn't show great performance like the ico or ieo tokens. It's better to change your mind to invest in something new rather than wasting your time to invest in the gold backed project. that will not worth with your time. Think again.
Majority of gold backed tokens didn't have a lot of demand.

adzino

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

You saying you want to invest in a gold backed crypto currency? I don't think it is a good idea. And I don't think there are any such good project like those right now. I did hear about some gold backed crypto scams. Just curious, how would it work? Value tied to gold? Will you be able to redeem gold with your tokens?
Why look for such projects when you have better options such as bitcoin and ethereum? You will be getting better gains investing in those coins.

AmoreJaz

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Quote from: passwordnow on October 01, 2021, 04:58:03 PM

Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

Gold-backed cryptocurrencies? saw a lot of them didn't find any success. If you're wanting to invest into the same type of projects, you still need to do a lot of research after hearing everyone on this thread. But there are other types of projects that you can invest with that money of yours if you are open about other projects. There are so much better than the gold-backed cryptocurrencies and if you value them, that's all on you and I'm just giving you an idea that there are others as an option.

most of these gold-backed projects that transpired in the forum were scam. very few emerge as authentic and you can only count it on your one hand. if the OP can't do much digging on the project that he's about to invest, better not invest at all. even few projects here that posted their certificate of gold holdings ended up bad, remember the maya preferred 223 (MAPR) project . where are they now? they posted gold certs and all.

passwordnow

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

Gold-backed cryptocurrencies? saw a lot of them didn't find any success. If you're wanting to invest into the same type of projects, you still need to do a lot of research after hearing everyone on this thread. But there are other types of projects that you can invest with that money of yours if you are open about other projects. There are so much better than the gold-backed cryptocurrencies and if you value them, that's all on you and I'm just giving you an idea that there are others as an option.

maju69

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With a stable gold price, whenever you want to invest, there will be no problem. For some reason you can invest it right now. As for the continuity of gold, which is increasingly difficult to mine and indeed the possibility of supply running low, especially in the Middle East, you should already know that gold is very good for investment advice. And of course it has been going on for a long time.

wxa7115

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

If I were you I would not bother, projects backed by gold have appeared in this market for a very long time and as you may guess they are not successful and eventually disappear.

But why is this the case? Well because it goes against the core principles of this market, a project that is supposedly backed by gold needs to buy and store that gold somewhere, so now you are relying on a third party to be honest and keep whatever ratio of gold and coins they have established, sounds familiar? It should, because that is what governments were doing and look how that ended.

fuguebtc

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Are you referring to physical gold?. All investment methods today are risky, but gold has always been considered a safe investment. As a valuable asset, the supply will be limited and the demand will always increase, so the price of gold will increase again in the long term. Given its low volatility, it is possible that investing in gold will not generate as high or as fast returns as bitcoin. Gold is indeed a good investment for those who are risk averse and long term.

Tytanowy Janusz

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

There is a Digital Gold (GOLD)- looks ok. Have signature campaign here on forum that goes for years. Caims to be backed by real gold store in Bullionstar.
There is PAX Gold - which I recomend more than Digital Gold - higher reputation. Emited by company that is reposible for stable coins like USDP, BUSD

But the thing I recomend most is simply going to your local mint and buy 1oz coins if its ment to be a long term investment or spelucate on GDXJ if its ment to be short term speculation.

sujonali1819

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Are you talking about real Gold in real life? If it then It’s always a good choice of investment. Where you can get a small profit than crypto investment but this is exactly near 0 risk. And you have to be long term investor.

Or you are talking about a project named Gold Stable Coin? If this one then I can say it’s a good project and team are working good. But it’s always you should learn about the project before investing.

WalkerIVIV

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters,

As far as i know if the gold project didn't give good return as the price totally pegged with the gold. You must also see the price of gold was not moving a lot. The gold project was not so popular in crypto. That's why i can only tell you to invest in the gold token issued by tether if you want but DYOR.

Quote from: Bikan on October 01, 2021, 09:20:00 AM

Is it still safe and can anyone recommend it as viable? thanks a lot.

It's not safe and there will be no safe investment. You must know the risk when investing in the gold project. It doesn't mean you can also exchange your token for the gold. You're buying tokens backed by gold and the price will be volatile like gold as it will follow gold as the main commodity that was backing it.

semobo

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Quote from: Bikan on October 01, 2021, 09:20:00 AM

Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.

Investing on the gold backed project is not 100% safe, many of such projects turned out to scams so if you really want to invest on gold then just go for the physical gold or the gold bonds if you are nkt ready to secure the physical gold.

Rruchi man

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If what you are asking is if investing in gold in 2021 is still a good investment, i'd say yes. Though it is not the most recommended investment for 2021 as we have bitcoins and other promising altcoins, but gold as a commodity still has good liquidity in the market, hence still investment worthy. Not a financial advice though, but i think before you plan investing in gold, you should have a good investment in cryptocurrency and bitcoin which many now refer to as the new digital gold.

avikz

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There are more than kne Gold backed projects. Which one you are referring to?

Also, if you want to have exposure on Gold, you can straight away buy paper gold. I am not sure which country you belong from, but in my country, I can purchase paper gold and in fraction. Once my gold purchase reaches 1 gram, I can get a physical coin delivered at my address.

Look for similar supplier from your country it's so far the best way to have direct exposure in Gold, without going through the crypto route.

Topic: Safe Gold investments and viability - page 2. (Read 358 times)