In the era of high technology, investing in gold is no longer limited to buying physical precious metal – in coins or bars. There are also alternatives such as gold crypto tokens that allow you to purchase digital assets backed by gold.
Gold tokens are 100% pegged to the price of the precious metal, with one coin typically representing an ounce of gold.
What is the advantage of a tokenized asset?
Firstly, – a stable cost. When investing, you will see that the price of your asset will change along with the price of gold. As a result, its price will not fall if the cryptocurrency market gets hit hard.
Secondly, better accessibility. Investors can trade digital assets at any time they wish, with multiple options to buy, sell and hold an asset.
Thirdly, since gold-pegged digital currencies use blockchain technology, this opens up new opportunities for token holders to integrate their assets with blockchain applications.
Gold tokens add stability to investors’ portfolios and provide increased access to investments in precious metals.