Commodity Trade Mantra

Posts Tagged ‘Blockchain’

Blockchain to Replicate the Reliability of Gold via a Cryptocurrency called GOLD

GoldMint has created a new cryptocurrency called GOLD, which will run on a Blockchain like many different cryptocurrencies in existence. GOLD is backed by both physical gold as well as gold exchange traded funds (ETFs.) The potential for this is endless and the element of trust in gold can be increased manifold. It has the potential to free gold from its limitations.

Blockchain Revolution is Gunning for the $27 Billion Gold Market Trading

About $27 billion of gold changes hands every day in over-the-counter markets where settlements can sometimes take days, leaving price risk for buyers & sellers. Using blockchain promises more transparency, security & speedier deals. It also could attract new participants at a time when investors are souring on gold-backed ETFs, a key source of growth in physical demand over the past decade.

Gold or Bitcoin - What's more likely to be Valuable a Hundred Years from now?

If you were to ask me which I think is more likely to be around a hundred years from now, it’s gold… every time. Nothing has usurped it for millennia as a globally-accepted medium of exchange or store of value, and I don’t think bitcoin will do so either. Gold can’t be altered. Bitcoin runs on a protocol that can be changed. Gold has stood the test of time of thousands of years. Bitcoin is just beginning.

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