Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][ICO]Gold Mining Asset|Digitizing Gold Assets: Crypto-Based Gold Token
by
NetwknGRU
on 28/07/2018, 08:20:12 UTC
Quote from: ReubenMachinga on July 28, 2018, 08:00:43 AM
Quote from: NetwknGRU on July 28, 2018, 07:43:32 AM
Quote from: ReubenMachinga on July 28, 2018, 06:52:56 AM
Quote from: meikogi on July 28, 2018, 01:11:22 AM
I wish this business matchs a great profit! Faultless website, interesting business, attentive project!

Thanks! It's very very likely that the profits will be impressive. It's well worth paying attention to this project. To the best of my knowledge, there's no other project quite like it. Instead of buying gold from elsewhere, the value underlying the GMA token is mined right out of the ground. For investors, this means a much greater probability of success, and high returns as well. As I said, a project well worth paying attention to.

I'm Happy that you brought that up Reuben.. aside from the fact that this is well thought out project and brilliantly planned, This project is valuable in many levels
1. 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.”

2. Transparency - Goldma is also valuable because of its transparency... Most ICOs are the opposite of Transparent, With Goldma just opening the white paper reveals a world of information about the project, Goldma invites people to come and see their mine and offices and they are so transparent to the extent that the will open their books and for you down to the receipts!! So yes I agree with you Reuben when you say this is the best project ever!

Oh yeah! Transparency is a major thing! Goldma is transparent because there is a solid belief in metrics here. Promises have to be measurable and then quantified. That makes it easy to see what's actually happening. The reports about what's happening at the mine will be available.

Obviously I can't ignore the hard data you're alluding to. The US Dollar has lost an incredible amount of value ever since 1971, when former US President Nixon did away with the gold standard. Beyond ease of transaction (only one of the requirements we expect from money), the American Dollar isn't worth very much. That's a shock to a lot of people but imagine this: if you had US$100 in 1971, it'll only be worth about $2 today (not a great store of value!!). Inflation is REAL!

OMG  Shocked That's really Amazing!! so The Dollar has lost 98% of its value since the Gold Standard was removed..... With that being said I can quote Forbes Michael Roney and say Gold is not a fiat currency. Fiat currencies derive their worth from the issuing government. Unlike paper money, gold cannot be expanded to suit the needs of struggling central banks. Due to its inherent scarcity, gold will always be supported. This precious metal has maintained its purchasing power over long periods of time, unlike all of the fiat paper currencies that have been introduced over the years.