GLDS Project. The reasons to invest in tokens backed by gold
How can we use gold in a modern world? There are different reasons to invest in this metal, especially today when you can choose the most comfortable ways to buy and store gold in according with your requirements. Let’s consider them.
3 important reasons to buy gold
There are 3 common reasons to buy gold for investors: they use this active as a hedge, a safe haven or a direct investment. Let’s see how these reasons can be useful for you.
Gold as a hedge. Hedges represent investments which offset losses in another asset class. Some people purchase gold in order to hedge against the decrease of cost of a certain currency, especially the U.S. dollar. Gold is the best hedge against a stock market crash, according to the statistics in different historical periods. For example, the cost of gold increased from $347.20 to $833.75 an ounce between 2002 and 2007. At the same time, the price of dollar fell 40% against the euro.
Gold as a safe haven. Safe haven represents an instrument to protect financiers from a sudden catastrophe. And many people buy gold when they have to encounter with a financial crisis. This is a rational decision: for example, the 2011 debt ceiling crisis results in a serious increase of gold prices. It went from $869.75 in 2008 to $1895 in September, 2011.
Gold as a direct investment. This way to buy gold let take advantage of future price increase. Investors hope to get profit as a result of different economic and political factors that can influence on the increase of gold prices.
GLDS: the specifics of project
Thanks to the development of new technologies, people can purchase gold in different forms.
Today we can buy cryptocurrency backed by gold. Such product is offered by project GLDS.
GLDS tokens express Gold Digit Standard. This project offers a blockchain solution for investing in this metal and saving it.
GLDS token represents a multifunctional instrument which can be utilized in different ways. Each GLDS token is backed by 0.02 grams of gold. Nowadays the price for 1 gram Gold is about 50 dollars. So, the nominal price of 1 token is 1 dollar, but GLDS can be bought with a discount during the ICO. The first portion of tokens will be sold with 25% bonus.
Because the supply of gold on Earth is strictly finite, the price of this metal can only grow. From November 2020, the company will begin to buy back tokens at their market price every 3 months. It will help to stimulate coin price increase.
The total supply of tokens is 15,000,000. 14,000,000 GLDS tokens are available to investors. GLDS tokens will be listed on different cryptocurrency exchanges simultaneously. Thanks to that, tokens can be bought sold or traded for another cryptocurrency, cashed out into fiat money or gold.
Links to the resources connected with GLDS Project:
Website: https://gdigit.io/
White paper: http://www.gdigit.io/WhitePaperGdigitEng.pdf
Twitter: https://twitter.com/GLDS_project
Telegram: https://t.me/GLDS_chat
Facebook: https://www.facebook.com/GLDSteam
LinkedIn: https://www.linkedin.com/company/gdigit/
Reddit: https://www.reddit.com/user/Gdigit
Bitcointalk: https://bitcointalk.org/index.php?topic=5223253
Youtube: https://www.youtube.com/channel/UCZT2UPccdMbm7CO45w2Jk0Q
The article was written and published by Arcadio707 (https://bitcointalk.org/index.php?action=profile;u=2426003)