Gold is the most treasured precious metal available to us.
Gold has been used as a currency since as early as 800 B.C. when it was first
used as coins. Gold is the best store of value because there is a set amount of
it, and as more of it is mined the supply goes down. Traditional fiat
currencies do not hold the same value as gold because more can be created by
the native governments that control them. Fiat currencies use to maintain the
gold standard and be backed by gold, governments did this so their native
currencies could hold the same value as gold and continue to rise in price in
the same manner that gold does. Although, in 1971, the United States did away
with its gold standard, so the US dollar is no longer backed by gold.
The value of gold will continue to increase as the supply
goes down and the demand goes up, which will cause a continuous increase in the
price of gold. Gold is one of the most stable investments we can make. Puregold.io
plans to bring the purchase of gold to the blockchain. Puregold.sg was
established in 2010 and is one of the premier mints located in Singapore.
Puregold.sg sells value-added gold bars and jewelry. Puregold.sg also manages www.bullioncurrencies.com, and
online platform that allows buyers to purchase items directly from business
owners with their gold. This saves a lot of time and money because the owners
of the gold do not have to sell their gold and lose percentages of its value to
other third parties. This allows the gold owners and well as the business
selling items to make more money and have more gold.
In 2008 there was a sub-prime lending crisis that started in
the United States, and quickly led to a global economic crisis in which
thousands of people went bankrupt and lost their homes. This recession was
started because of greedy businessmen advising people to make poor investment
decisions in real estate. The global economic crises caused tons of people to lose
faith in their governments and banks. At this time, Satoshi Nakamoto created
Bitcoin, a peer to peer electronic cash system that runs on the blockchain. The
blockchain is a decentralized public ledger that keeps a journal of all the
purchases and trades that happen through its system. It is no wonder that in
the past twenty years digital currencies have become more widely adopted, used
and trusted and will soon take the place of most banks.
Puregold.io will use their experience in the gold industry to
decentralized the purchase of gold. Puregold.io will give anyone the ability to
own gold right on their computer! The public ledger will show all of the gold
that Puregold is storing and keep track of all the purchases that are made on
the blockchain. This will create transparency in the purchase of gold.
Puregold.io will issue PGG tokens in exchange for everyone one gram of gold
they hold. The puregold.io platform will run on PGT tokens, which will be used
for making purchases and payments. PGT tokens will allow us to make quick and
efficient purchases using the Ethereum blockchain.
Sponsored by Cryptoprofile.com
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