At all times, gold has ruled entire communities, forcing them to endure terrible adversity in the hope of instantly gaining self-confidence. yourself.For centuries, gold has represented strength and wealth through its emotional impact and aesthetic qualities. In addition, for a long time it has played an important role in the circulation of money in different countries.

In modern gold history, the 1970s is the most important starting point. During this time, the global gold market has been freed from government intervention.

However, it cannot be said unequivocally that after the signing of the Jamaican Gold Agreement, it finally lost its monetary functions. Gold has lost its main functions — it is an indicator of the value of goods and services and a medium of circulation. Nevertheless, such monetary functions as a means of accumulation, payment, savings, as well as the world function of money were not lost, they only transformed.

This is due to the fact that during the appearance of the first world wide web, it became possible to use it as a means of payment. For example, the international payment system E-Gold, correspondent funds in some precious metals, in particular in gold. This system is very efficient for international payments. Thus, with the help of this payment system, the function of gold as a means of payment is realized.

Secondly, in a financial crisis, gold can act as a store of value and savings. In this case, gold can act as a kind of insurance fund.

Invest with the world’s largest foreign exchange investors in the most stable and highly liquid financial conditions traditionally used for savings and capital accumulation.

Thirdly, for many centuries gold has served as world money. Today, gold as a universal materialization of public catering.

Today as a financial asset every day.

To date, countries donate in the preservation of the precious metal how to trigger activation for a number of reasons:

• Diversification of official reserve assets.

A reserve diversification strategy is generally more robust than a strategy focused on one asset type.

• Physical protection

Securities and foreign funds may be encumbered by foreign exchange controls, which fully or partially restrict their movement in the territory of the initiating state.

In this situation, we can talk about restricting access to their own resources, which are placed in the form of bank deposits and securities, on the territory of the state that initiated currency control. As a result, gold in the reserves of national central banks is a more reliable asset.

• Economic security

In terms of the degree of economic security, gold continues to dominate financial assets. Gold has much more liquidity than other “defensive” financial assets, as it can be sold at any time without great expense.

• Insurance

The gold reserve can be perceived as a kind of insurance compensation in a situation of financial crises, wars, the collapse of the world monetary system and natural disasters. Historically, gold has been an irrefutable tool against unfavorable political and macroeconomic conditions.

• Trust

Most people today have not lost the belief that gold is a valuable financial asset. The central banks of many countries also perceive gold as the most stable asset. Possession of gold strengthened the confidence of the population in the currency.

More than 3 thousand tons of gold jewelry are sold annually in the world!

Precious metal in various industries. According to the World Gold Council, in the world the consumption of gold by the jewelry area is constantly about 70% of the global demand. Gold jewelry is produced on a large or small scale in almost every country in the world. At the same time, the largest consumers of gold for jewelry purposes are China, India, the countries of the Far East, the USA, the countries of Southeast Asia, Italy, Saudi Arabia, and Turkey. Gold has such important properties that make it almost indispensable in modern technology of the new century.

Gold is used in the electronics industry for the latest weapons, computers, television sets, etc. This metal is also used in the construction of spaceships.

Thus, the specific status of modern gold at the present stage is explained by the fact that the noble metal, both in developed and in the poorest countries, is not just a commodity, but a financial asset that performs a number of monetary functions. And, despite the gradually growing use of gold in the role of “true value” will persist over time.

In my economic opinion, the main role of gold is that it is the most stable financial asset in the context of the instability of the system around the world. Gold can always be sold quickly and without significant losses.

It is a noble metal and is highly preserved.

Today all over the world gold is demonetized, in other words, it does not represent monetary functions. Gold is not used for international settlements. However, gold is still valued as a highly liquid commodity, which forms the country’s financial reserves. In addition, gold can serve as a pledge of receipt of foreign states or international organizations. In the world, the following three types of gold standards have changed after another: gold coin, gold bullion, gold exchange.

In the mid 70s. gold standards ceased to exist, since the process of demonetization of gold actually began and the United States stopped exchanging dollars for gold. They were replaced by the paper money standard.

Thus, the specific status of gold at the present stage is explained by the fact that the noble metal, both in developed and in the poorest countries, is not just a commodity, but a financial asset that performs a number of monetary functions. And, despite the gradually increasing use of gold in industry, its role of “true value” will continue for a long time to come.

In my opinion, the main role of gold is that it is the most stable financial asset in an unstable economic system around the world. Gold can always be sold quickly and without significant losses.

Digital gold solution

As stated above, gold tokens are designed to function as a stablecoin pegged to the price of gold. Stablecoins are usually pegged to assets or currencies, but backed by collateral.

This means that the total amount of coins issued into circulation is directly supported by purchases that are stored in the company’s resources. Thus, gold tokens are protected from high market volatility, and their value remains constant over time.

For many, precious metals alone cannot play the role of money properly.

But precious metals seem to have all the characteristics expected from money: a stable account, a long-term reserve of value, and a good exchange interface. These metals are complex and their resources are limited.

They do not disappear over time, which is why they are a good investment vehicle: by purchasing virtual gold from a reliable company like Digital Gold, you can easily access your capital.

My opinion about the project:

Personally, I believe that this project will be successful, that it is already quite successful, but it does not enjoy worldwide popularity in the world of crypto diving, but I think it is just a matter of time.

It seems to be a project that in the future will be closed with investors’ money, but no, the project is completely stable, with a transparent structure of work, you can familiarize yourself with everything and make sure of all this.

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Learn More About Digital Gold

• Website : https://gold.storage/
• Whitepaper : https://gold.storage/wp.pdf
• Twitter : https://twitter.com/gold_ERC20
• Telegram ：https://t.me/digitalgoldcoin
• Steemit: https://steemit.com/@digitalgoldcoin
• Reddit: https://www.reddit.com/r/golderc20/
• Bitcointalk: https://bitcointalk.org/index.php?topic=5161544

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