[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold

[Ayobami99]

I am not so sure if anyone have asked this question before :
You said Chainsecurity audited your smart contract, you even provided the details of their report in a pdf file. But no where online is there to confirm it not even on chainsecurity website, I have sent an email to them for confirmation no reply yet. But can you give us proof that the document is actually from Chainsecurity? Any online or official confirmation link from them?

2. I have made my research and confirmed that you actually have 19000+g of gold in the bullionstar vault,  this is great. How do people who purchase your tokens confirm that they are true owners of the physical portion of the gold in your care? Any legal documents in case? These are things that settles the mind of the holders.

3. Your stablecoin looks like securities... Any word or confirmation from SEC?
Edit: I'll continue to check this space for answers

[Tytanowy Janusz]

I'd go by the buy prices of GOLD and Bitcoin; it could be more accurate since the graph may be a median. (That's something only GOLD team can tell).
So if I buy 1 GOLD for bitcoin at the official marketplace it costs 0.00820182BTC, which means about 53.02 USD.
A bit bigger than 51.95. And I guess that the market will adjust in time.

You are right. Chart is not what i should look at. Your calculation is much more accurate but it still looks like you can buy GOLD token with 4% discount over the bulionstar price. If its because of boulding supply much earlier when gold was cheaper than it's very nice of GOLD team that they share their profit from good trade with investors - because that's what it is.

2. I have made my research and confirmed that you actually have 19000+g of gold in the bullionstar vault,  this is great. How do people who purchase your tokens confirm that they are true owners of the physical portion of the gold in your care? Any legal documents in case? These are things that settles the mind of the holders.

Fair point. That's what i'm also concerned about.

[GOLD_official]

I am not so sure if anyone have asked this question before :
You said Chainsecurity audited your smart contract, you even provided the details of their report in a pdf file. But no where online is there to confirm it not even on chainsecurity website, I have sent an email to them for confirmation no reply yet. But can you give us proof that the document is actually from Chainsecurity? Any online or official confirmation link from them?

2. I have made my research and confirmed that you actually have 19000+g of gold in the bullionstar vault,  this is great. How do people who purchase your tokens confirm that they are true owners of the physical portion of the gold in your care? Any legal documents in case? These are things that settles the mind of the holders.

3. Your stablecoin looks like securities... Any word or confirmation from SEC?
Edit: I'll continue to check this space for answers

1. If I’m not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post.

2. No. The GOLD token buyers are not owners of physical gold. Buyers own only GOLD tokens. Digital GOLD bought gold and store in in the BullionStar Vault. 1 token equals 1 physical gold gram.

3. The GOLD token is a stablecoin, just like USDT. Our token backed by physical gold in a secure BullionStar vault, USDT token backed by US dollar in a bank account.

Regards,
Support Team @ Digital Gold
https://gold.storage

[hosseinimr93]

1. If I’m not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post.

Here is the post made by libert19 regarding the email sent to Chainsecurity.

[GOLD_official]

1. If I’m not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post.

Here is the post made by libert19 regarding the email sent to Chainsecurity.

Dear hosseinimr93,

Thank you for your clarification.

Regards,
Support Team @ Digital Gold
https://gold.storage

[Ayobami99]

1. If I’m not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post.

Here is the post made by libert19 regarding the email sent to Chainsecurity.

Thanks for clarification

1. If I’m not mistaken, a Legendary forum member has already sent a request to Chainsecurity. After that, he received the response confirming the company audit. You can look through the thread to find that post.

Here is the post made by libert19 regarding the email sent to Chainsecurity.

Dear hosseinimr93,

Thank you for your clarification.

Regards,
Support Team @ Digital Gold
https://gold.storage

Thanks for the answers... I'll sure come back to ask more

[wwzsocki]

I just want to let know that from today I am leaving the Digital Gold signature campaign in which I was enrolled for the last few months.

It was a pleasure to work with such a great campaign manager and for such a great company like Digital Gold.

I have to admit that this signature campaign is managed on a very professional level and I had no problems at all with anything.

Responsive manager and willing to help. payments on time every month, great product and company to advertise - I wish all signature campaigns could be like this one.

PS
By mistake, I have written this post here in the ANN thread and it was mentioned for the bounty thread.

OP or campaign manager, please let me know if I have to delete and move this post to the bounty thread or maybe it can stay here as it is?

[tbct_mt2]

I just want to let know that from today I am leaving the Digital Gold signature campaign in which I was enrolled for the last few months.

It was a pleasure to work with such a great campaign manager and for such a great company like Digital Gold.

I have to admit that this signature campaign is managed on a very professional level and I had no problems at all with anything.

Responsive manager and willing to help. payments on time every month, great product and company to advertise - I wish all signature campaigns could be like this one.

PS
By mistake, I have written this post here in the ANN thread and it was mentioned for the bounty thread.

OP or campaign manager, please let me know if I have to delete and move this post to the bounty thread or maybe it can stay here as it is?

I think your post is not completely off-topic because you mentioned many aspects of the GOLD project, about its signature campaign, their manager's professionality, and the reliability of the GOLD project. Their professionality is a good evidence of their reliability so I believe your appreciation on it should stay here.

Anyway, you are a great user and the GOLD company (I guess) has lucky to hire such participant like you. BTW, congratulations for your new campaign, bud.

[GOLD_official]

I just want to let know that from today I am leaving the Digital Gold signature campaign in which I was enrolled for the last few months.

It was a pleasure to work with such a great campaign manager and for such a great company like Digital Gold.

I have to admit that this signature campaign is managed on a very professional level and I had no problems at all with anything.

Responsive manager and willing to help. payments on time every month, great product and company to advertise - I wish all signature campaigns could be like this one.

PS
By mistake, I have written this post here in the ANN thread and it was mentioned for the bounty thread.

OP or campaign manager, please let me know if I have to delete and move this post to the bounty thread or maybe it can stay here as it is?

Dear wwzsocki,

You can leave everything as it is now.

Regards,
Support Team @ Digital Gold
https://gold.storage

[hulla]

As covid-19 make the workd economic dive into recession GOLD PRICES edged back as stock markets fell hard in London trade Wednesday, cutting this week's gain so far to 1.7% at $1618 per ounce, as research out of China suggested that 1-in-3 survivors of Covid-19 may not develop antibodies to the virus, while the Eurozone's No.2 economy France reported its worst GDP drop since World War Two.source
But Gold experience +0.40% increase in price early this morning and still showing the strength of more surge in price.


Guys seize the opportunity of Gold investment.

[kojektea]

As covid-19 make the workd economic dive into recession GOLD PRICES edged back as stock markets fell hard in London trade Wednesday, cutting this week's gain so far to 1.7% at $1618 per ounce, as research out of China suggested that 1-in-3 survivors of Covid-19 may not develop antibodies to the virus, while the Eurozone's No.2 economy France reported its worst GDP drop since World War Two.source
But Gold experience +0.40% increase in price early this morning and still showing the strength of more surge in price.


Guys seize the opportunity of Gold investment.

survivors who are saving gold for continuing to go against the direction of the current position of the world economy even very much decreased, but this is different from the price of gold

[Bitcoin_Arena]

-snip-
Guys seize the opportunity of Gold investment.

It seems like the drop in March which affected all the markets was just a simple bump for gold as the price has bounced back since then and continues to grow further.
Here is a six month graph showing how the gold price has been growing

[tbct_mt2]

It seems like the drop in March which affected all the markets was just a simple bump for gold as the price has bounced back since then and continues to grow further.
Here is a six month graph showing how the gold price has been growing

What do you think if will we witness another 4 years of bull for gold like what we witnessed in the past when Gold setup its all time high? I am not overoptimistic about anything but with what we have to face with, the pandemic, the financial crisis, tha bankcruptcy to come, gold has a bright future growth next years. Not sure it bullish period will last 4 years, maybe a bit longer or shorter. Hold your gold tightly till the end of next year (2021).

[wwzsocki]

What do you think if will we witness another 4 years of bull for gold like what we witnessed in the past when Gold setup its all time high?...

Indeed I personally think that the gold price will rise at least to the end of this year. Strong up but also with a lot more volatility as always and the more stable the crisis gonna be the slower the price will go up. Real gold was always the best safe heaven in crisis times and this is why this time is no different and we see the gold price going to new heights.

It is obvious when we look at the chart showing the last  20 years of gold price movement that for sure we are going up and all surrounding economics facts only support this theory.
This is a very good sign for GOLD token and from some time I started to hodl them because are performing way better than other cryptocurrencies and give more stability to my portfolio.


https://www.bullionvault.com/gold-price-chart.do

I think the gold price will at least match the ATH from 2011 this year. Taking into consideration very high volatility on all markets we can suspect this will be a very bumpy ride, so if one decides to invest in real gold or GOLD token, I would advise to stick to the strategy and don't panic sell when the price will drop 10 or even 25% in few days. It should bounce back, as it does many times before and the best strategy is to buy more on the deep and not to sell.

Just a reminder because I know from experience how hard it is to stick to the strategy when the price is falling very fast and our portfolio loses value.

[Soonandwaite]

it is every year more and more gold produced . but also more and more people buy gold in times of crisis . i think but the price will continue to rise in the next 5 years . i hope so 

[tbct_mt2]

Indeed I personally think that the gold price will rise at least to the end of this year. Strong up but also with a lot more volatility as always and the more stable the crisis gonna be the slower the price will go up. Real gold was always the best safe heaven in crisis times and this is why this time is no different and we see the gold price going to new heights.

It is obvious when we look at the chart showing the last  20 years of gold price movement that for sure we are going up and all surrounding economics facts only support this theory.

Good thinking. As a natural price activities of Gold, it gradually climbs up or falls down. The term of gradually is used when we compare the votality of Gold and bitcoin or cryptocurrency. For traditional investors who only know and invest in gold, gold price is volatile and sometimes make them fear. It is good for market. Without fear and FOMO, we don't have any real financial market.

This is a very good sign for GOLD token and from some time I started to hodl them because are performing way better than other cryptocurrencies and give more stability to my portfolio.

Correct. Gold is a kind of most favorite assets when the world gets troubles with crises. It is a kind of physical stable asset.

I think the gold price will at least match the ATH from 2011 this year.

The ATH in 2011 can be hit in the third or fourth quarter of this year but if I have to bet, I will bet it occurs in fourth quarter. Troubles that the world have to solve after the pandemic will be contained is significantly bigger than the contagious pandemic (in aspect of burden on health system).

Taking into consideration very high volatility on all markets we can suspect this will be a very bumpy ride, so if one decides to invest in real gold or GOLD token, I would advise to stick to the strategy and don't panic sell when the price will drop 10 or even 25% in few days. It should bounce back, as it does many times before and the best strategy is to buy more on the deep and not to sell.

Just a reminder because I know from experience how hard it is to stick to the strategy when the price is falling very fast and our portfolio loses value.

There are always winners and losers on market.

[hulla]

it is every year more and more gold produced . but also more and more people buy gold in times of crisis . i think but the price will continue to rise in the next 5 years . i hope so 

Your presumption about gold price to continue to surge is right because this current pandemic will open more people eyes to cryptocurrency and gold. Besides, theres are limited gold mining factory in the world and so is gold either so it not a matter of hope for the price of gold will totally surge in future.

[wwzsocki]

this current pandemic will open more people eyes to cryptocurrency and gold...

I truly hope so, even more, I hope that cryptocurrencies will finally win the battle with gold to be the safe heaven asset of the world. Why?

Because its obviously easier to buy, sell and maintain cryptocurrencies and with real gold one can do literally nothing. It will be hard to buy something even if you have a kilo of gold because it is not easy to break it into smaller pieces (without the needed knowledge and special tools) and to value correctly. That is why I see a very big chance for cryptocurrencies because already we can buy things with them and hopefully soon it will be possible to pay with them everywhere. Easy to store, maintain, send, pay with, etc.

Of course GOLD token should perform very good now and I am sure we will see soon more real gold in the Bullionstar vault bought by Digital Gold team.
Many people who don't know the GOLD token are really excited about when I advertise it to them. Everybody says that we are entering the new economy age with crypto and for sure it will change the world and the FIAT money reality we are living in.

I think it is obvious for everybody that cryptocurrencies are way better than FIAT money or gold and finally, the world economy will have to change despite everything.

...Troubles that the world have to solve after the pandemic will be contained is significantly bigger than the contagious pandemic (in aspect of burden on health system)...

I still hope that if this pandemic will last one 3 months to half-year then it will not impact the world economy so badly. We can assume that in Europe we are already 1 month in the pandemic because the lockdown started here on the 16th of March. Unfortunately, the longer it lasts, the worse for everyone and the economy.

[kro55]

What are advantages of Digital Gold over PAX Gold? I watched Pax's video and they say there is no storage fee while GOLD has 0.99% annual storage fee. I am aware that PAX Gold has 0.02% transaction fee but that's still a lot lower than Digital Gold.

[hulla]

this current pandemic will open more people eyes to cryptocurrency and gold...

I truly hope so, even more, I hope that cryptocurrencies will finally win the battle with gold to be the safe heaven asset of the world. Why?

Because its obviously easier to buy, sell and maintain cryptocurrencies and with real gold one can do literally nothing. It will be hard to buy something even if you have a kilo of gold because it is not easy to break it into smaller pieces (without the needed knowledge and special tools) and to value correctly. That is why I see a very big chance for cryptocurrencies because already we can buy things with them and hopefully soon it will be possible to pay with them everywhere. Easy to store, maintain, send, pay with, etc.

Of course GOLD token should perform very good now and I am sure we will see soon more real gold in the Bullionstar vault bought by Digital Gold team.
Many people who don't know the GOLD token are really excited about when I advertise it to them. Everybody says that we are entering the new economy age with crypto and for sure it will change the world and the FIAT money reality we are living in.

I think it is obvious for everybody that cryptocurrencies are way better than FIAT money or gold and finally, the world economy will have to change despite everything.

You make a good point but it a simultaneously progress for Rome is not build in a day and i think the words said by people like Kiyosaki and others big name about Gold and BTC to be save haven should be enough to boost people courage towards Gold and BTC.

What are advantages of Digital Gold over PAX Gold?

Digital gold is a genuine precious metal backed stablecoin which respect and follow the anonymity aspect implement by Satoshi which was also the thing most crypto enthusiast value while Pax in the other only value their own profit level through the centralized and KYC aspect of the project.

I watched Pax's video and they say there is no storage fee while GOLD has 0.99% annual storage fee.

Yes and that because Pax gold are troy ounce and have less security while Digital gold are PAMP cast gold bar which has some kind of secure and trackable security. I believe the 0.99% annual fee is for the security used to secure the gold bar.

I am aware that PAX Gold has 0.02% transaction fee but that's still a lot lower than Digital Gold.

The two token are ERC20 so there transaction fee is actually determine by ETH network not by the project team so there fee should be the same mate.