Safe Gold investments and viability | Bitcointalksearch.org

dificanovi

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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 you mean real Gold then I call it still worth investing in real Gold. So far the real Gold price will not experience a higher price hike. I recommend that you invest in coins that are newly listed on the exchange as they have not experienced a price increase during the coin's launch. usually after a few months the coin is listed on the exchange then the next few months the coin will experience a very high price increase, that is why I recommend a very good cryptocurrency to invest in

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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 we examine most of the gold projects launched, they have varying prices, so we can't decide which project gives value according to real gold. I've even come across a gold project with a size equivalent to 99% real gold, but in reality it's also different.
For example, USDT, BUSD, USDC it must have a value equivalent to USD. If the value is not equivalent to USD, then the concept of a stable coin is a failure. Likewise with gold projects that must have a value equal to real gold.
But not in the sense of the word all tokens or coins that use the name gold have the equivalent value of pure gold, even pure gold in each region has a different karat level. But has the gold project ever succeeded in the crypto concept at the best price? I thought, something worked. I can only recommend PAX Gold with Bitcoin Gold, probably to me both have the best value in the market, or Tether Gold which has a price not much different from PAX Gold.

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Quote from: mumang siat on October 18, 2021, 03:25:10 AM

The level of security in investing is quite dependent on the patterns and strategies we use, thus igniting all that requires adequate knowledge, many investments we can do in Crypto, but the level of risk that we will face is very dependent on the preparation we do, the gold project Still in a secure category for now, but there is no security guarantee in the long term that has been set, given all existing coins have their respective risks.

Investment is a preparation pattern that requires strategy and knowledge, investment cannot be done because of the success rate of others, currently crypto is very supportive in investing in an increasingly sophisticated era, meaning that everyone has the opportunity to do it, but not everyone will experience the level of success the same, but for gold projects in the next two years I think there is still a lot of potential for us to invest, if we look at their current potential in the crypto market.

mumang siat

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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.

The level of security in investing is quite dependent on the patterns and strategies we use, thus igniting all that requires adequate knowledge, many investments we can do in Crypto, but the level of risk that we will face is very dependent on the preparation we do, the gold project Still in a secure category for now, but there is no security guarantee in the long term that has been set, given all existing coins have their respective risks.

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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.

The plan you built to invest in gold projects recently is quite good, many people want this project to be followed, but it is quite difficult to penetrate the projects you mentioned, I think for now it is still quite safe to invest in the project, when compared to following There are other investment projects currently available, except for the coins that are in the top 5 positions on coinmarketcap which allows us to convert both at the same time, for your plan is quite right at this time.

Farma

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IMO, if you really want to invest in a project backed up with gold, I'd rather buy real gold and keep it. We don't know what the project will be in the future, however, if you have physical gold, you can control it and store it where you feel safe. well, even though in the future the project really develops, the potential remains the same, you still have coins that have a gold price. Unfortunately, they have the original, and you don't. So, if your goal is to invest in gold, you should buy real gold.

Rufsilf

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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.

Yes it's still safe and recommandable investment because gold is scarce, highly valuable and historically proven that is worth to invest. Still there's a chance of risk because gold is also volatile on the market nowadays. Given that it's a precious metal or as a commodity, it can provide you profits in return in the future but it's not a hedge against inflation.
Bitcoin in the other hand can be a best defense against inflation and proven to provide competitive returns than gold. It is also a good investment in todays generation.

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Quote from: 0verseer on October 14, 2021, 10:58:41 AM

I rather buy the real gold than invest in gold backed crypto, just my 2 cents. Only invest in this scheme when you're sure they have a vault to store real gold and they must come from a well-known gold distribute or bank. Else, you literally give away your money to unreal gold.

I agree with this, in the case of stable coins that are backed with fiat I understand why they exist, after all it can be a real pain to deposit the fiat you get by selling your coins into a bank account, then the market moves unexpectedly and now you need to try to get back your money to the exchange and you could miss the huge movement that is building up.

However in the case of gold backed coins I do not see the point, if anyone is interested in holding gold because they are worried about the economic conditions that we are going through then they better hold that gold directly instead of relying on a third party.

0verseer

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I rather buy the real gold than invest in gold backed crypto, just my 2 cents. Only invest in this scheme when you're sure they have a vault to store real gold and they must come from a well-known gold distribute or bank. Else, you literally give away your money to unreal gold.

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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 is a real value and a lot of investors invest in gold, silver and gems and it is a real value, compared to BTC which is a cryptocurrency that cannot be held and used but for investment. BTC always generates higher returns than gold. The gold index fluctuates quite low and they have to hold for a very, very long time compared to storing BTC. But in terms of safety, having a gold coin is still a better choice than BTC, because BTC is a virtual currency that can evaporate at any time.

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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.

I'm not sure what you mean by the gold project but the current crypto market still allows avenues to safely dry gold or exchange gold for bitcoin. If you feel there is more potential for exposure to gold, you can visit https://vaultoro.com - This is the world's first gold-to-crypto exchange. And if you are asking if it is safe to invest in a gold project, no one will give you exactly what you want in terms of failure rate, scam or probability of success.

wxa7115

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Quote from: zulfi125 on October 02, 2021, 10:15:36 AM

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.

I think this is the experience of everyone on the market, at first it may seem like a good idea but as we know this not only goes against the ideals of cryptocurrencies as a whole but it does not make sense.

If a cryptocurrency is created with a purpose and it can fulfill a service that people want then that cryptocurrency is not going to need to be backed by anything as the technology itself will be enough backing for most people to understand that this coin will have a high value today and in the future, but if all what a coin has is that it is backed by gold then why bother buying the coin and why not buy gold instead?

michellee

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If you want to invest in crypto, you can invest in bitcoin and not in the token or altcoin because bitcoin will be good for short and long-term investment while the altcoin or token will be good for the short term. If you really want to invest in the Gold project, maybe you can invest in real Gold available near you. You do not have to worry about the value of Gold and you can see the physical forms for that Gold. As others said, it is better to learn about the risk before you decide to invest in something to know what you need to do to prevent or reduce the risk.

Finestream

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Quote from: Ararbermas on October 05, 2021, 07:10:46 AM

Actually mate gold is considered by most of the investors to be the one of the safest investments around the globe since 2000, if i'm not mistaken. so no need to worry about that if you're planning to invest in it, even through digital gold or physical gold probably they're the same.. I mean what you can get in digitally and physically were the same.. And yes for me when it comes viability because it can protect against Inflation of the market. And there is a bunch of benefits from gold fyi, so it's very reliable especially long term.

There is no really safe investment when it comes to business because everything comes with risks. Whatever you plan to invest, be it physical or digital gold, its always viable but never that feasible compared to bitcoin. One thing i can suggest, know the risk of your investments. Even if we'll say it will be profitable by long term or short term, it will never have guarantees. But as long as you have faith in this kind of project, it will really work if you do your part.

Anonymous100

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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 you are interested in gold projects, maybe until now there is still a Digital Gold project campaign. If we check the etherscan of the ERC20 token Digital Gold has a high supply. However, CMC did not release the exact supply, because there was no supporting data from the project. Maybe you can check the information from B - (3) cmc. https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria

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It may not be a bad idea to have in one's custody, physical gold. The issue here is the security risk you will be confronted with if people knows that you own physical gold. I think the best safe gold investment is pax gold. You can have pax gold in large quantities without having to carry them physically!

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Investing in gold projects is a good choice, if you do it in the right projects. like investing in GoldStable coin. Because assets of this project are worth the same as coins on the market. this is just my opinion. Who knows, other friends have more promising gold projects as your investment tool

Ararbermas

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Actually mate gold is considered by most of the investors to be the one of the safest investments around the globe since 2000, if i'm not mistaken. so no need to worry about that if you're planning to invest in it, even through digital gold or physical gold probably they're the same.. I mean what you can get in digitally and physically were the same.. And yes for me when it comes viability because it can protect against Inflation of the market. And there is a bunch of benefits from gold fyi, so it's very reliable especially long term.

Hypnosis00

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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.

Some of these Gold projects are enticing while some did also turn into scams that is why I can say that it was not safe depending on your chosen project as well. Investing with them doesn't warrant a market return which you need to be careful and need for market searches. There's a lot of them, I know there are some of them worth it but of course, just like the other crypto, you can never think everything will give you a wonderful experience as we know how this volatility making it change.

https://finance.yahoo.com/news/3-popular-gold-backed-crypto-133536641.html

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Quote from: add1ct3dd on October 04, 2021, 04:02:05 PM

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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.

Some can even manage to publish their gold certificates as a proof but they still ended up bad. For the OP, if you really want to invest in gold, but you have big amount of money, why not buy small gold jewelries? At least, you can say, you have tangible asset and no one can get it from you unless someone broke your home. Slowly buying gold jewelries for me is better than these projects claiming to be backed-up by gold or any precious metal.

add1ct3dd

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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