Right now, with blockchain-based currencies (such as Bitcoin or Dogecoin), the trend of moving away from fiat ones is exploding. What is going on right now with gold and tokens? Investors can increase the value of their assets by investing in… tokens. But it does not necessarily mean dealing with banksters or hedge funds. Since it needs to be physically mined, it is impossible to artificially increase its supply – governments cannot just multiply it like they do when printing extra currency.Īnd that is why investing in gold is becoming increasingly popular. Another important factor is its rarity – it is rare enough to be valued highly, but not so rare as to be impossible to find.Ĭurrently, gold is not connected directly to any monetary system in the world, but it is popular as an investment material. Gold is also the most ductile in comparison to all other metals, which makes it easy to give it any form and divide it into as many parts as desired. It can be impacted only by aqua regia or a cyanide solution, and it does not get tarnished in comparison to silver – another metal that used to be popular in terms of payments. It is rather heavy in its physical form, but it is resistant to corrosion or reactions with other common chemical substances (such as water or air). Why gold has gained popularity throughout history But investors are increasingly looking at blockchain-based tokens too. Some challenger banks have responded to the increased demand with a simplification of procedures for willing buyers. Since July 2020 there has been a rush to invest in gold, and about half of surveyed Americans were seriously considering purchasing this metal. Now, in the face of a global pandemic and looming threats that “the worst of the financial crisis is still ahead of us”, it is gaining significance again as a replacement for unpredictable stocks. Gold is one of the oldest methods of payment or to gather one’s financial capital. Gold is back as a currency, and it’s getting more popular.
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