Gold has always been one of the most valuable and popular financial assets in the global economy throughout centuries, as it is scarce, durable and has a chemically stable and malleable structure. Considering the historical role and the economic value of gold, it still remains as one of the most preferred safe-haven assets in many investment portfolios.
Features of gold
- Stable value: Gold provides stability to investors’ portfolios and does not experience major downfalls due to high inflation, local currency depreciation or economic fluctuation experienced in a country.
- Hedging tool: Gold has negative correlation to many financial instruments, and acts as a strong hedge against various market risks.
- Highly liquid: Gold is a highly liquid asset, it can be exchanged with other currencies, used in order to get loans or to obtain urgent cash.
- No bankruptcy risk: The value of gold doesn’t solely depend on a financial entity and it doesn’t go bankrupt — gold will always have a value.
Although gold has maintained its reputation and desirability among investors despite the changing financial dynamics over the years, the physical challenges with respect to gold’s size, weight and accessibility have become major drawbacks in the market. Thus, challenges regarding buying, selling, transferring and settling of gold between parties can be regarded as fundamental disadvantages in today’s fast-paced commercial environment. Transportation and storage costs of physical gold bars in particular have limited the transactions of many individual and institutional investors.
GLDBase has created its vision as a result of the disadvantages experienced in physical gold’s tradability: Digitizing gold to be tradable by anyone and anywhere in the world, 24/7. Setting off from the idea of making physical gold a part of daily transactions and settlements, GLDBase is on a mission to create the most practical, cost-efficient, safe and widely-tradable digital gold on blockchain and to offer the most convenient way to hold your gold in your crypto wallets.
In brief, GLDBase benefits from the advantages of physical gold and turns this precious metal into a practical investment tool of today’s digital financial setting. GLDBase presents you the better gold, GLDB: Your faster, safer and smarter way of investing in gold!
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