Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token
by
A56-7W
on 11/05/2018, 17:34:27 UTC
Why i should buy your token? Is it not better to buy gold from the seller directly or on the exchange through a broker?

Read carefully the title; Digitizing Gold assets. The real essence of this project is to make easier the buying of selling of Gold. Imagine the risk on storing your gold in house. You will need vault and secure your house from, you can't easily sell them since you will get it first to your vault then go to the nearest shop that buy gold. If you choose digital assets. You can store your gold in your pocket and carry/trade it easily without hassle. But it's​ up to you if you really want to see what you are investing.

I'd be more worried about investing in places like Zimbabwe than the storage and security of the tiny amount of physical gold I could get for the same amount of money invested. Things may have changed for the better over there with a new president, but political stability won't happen overnight.

I like the dividends. But I don't like gold miner ICOs, with their strange climates that limit mining activity to certain months of the year, and their lack of third-party verification for the gold they mine and sell.

I'll leave to others to explain how a token backed by a centralized asset can claim to be "decentralized".