Digix Partners With SilverGoldBull for a Better Gold-Backed Blockchain

Gold-Blockchain is a Solution while Bitcoin is Not

Gold-Blockchain is a Solution while Bitcoin is Not

Our fiat money could never work for long. The gold monetary system of past did not fail by fundamental design. Central bankers first perverted it with paper notes and leveraged markets. Finally, in 1971, government abandoned it due to their own overspending. The resulting fiat we have today will fail by design, it never had a chance. Money cannot be baseless and printed into infinity. Having a central authority issue money at will results in corruption, class...
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Ancient and Early Modern History of Gold

Ancient and Early Modern History of Gold

Admiration of gold predates history. The earliest known history of gold is a golden treasure dating back to 4600 BC. One of the earliest known Egyptian maps, the Turin Papyrus Map, shows detailed plans for a gold mine. The Aztecs regarded gold as the product of the gods, calling it literally “gods excrement”. Civilizations from every corner of the world clearly made great connections with their Gods and Gold. Today the world is full of gold...
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Top 10 Gold Misconceptions & Propaganda on the Internet

Top 10 Gold Misconceptions & Propaganda on the Internet

There are many gold misconceptions distributed about. The propaganda is meant to keep us from buying gold. The Federal Reserve is a private institution representing the interests of 12 US banks. The Fed's foremost agenda is to defend their banking system. Secondarily it represents broad economic interests as mandated by US Congress. Those objectives do not always work in harmony. Gold is the central bankers Achilles heel. Interest in gold means people are losing faith in...
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Gold Backed Money Based On Blockchain is Coming

Gold Backed Money Based On Blockchain is Coming

Countries are going to begin using digital gold-blockchain monies. Blockchain is fast, efficient and transparent. Governments can collect taxes directly on-chain with a centralized core, but distributed ledger. You'll spend money on a debit card like you do now, it will be very similar, you won't tell the difference in the way it spends. Russia and China have been buying large amounts of gold and silver recently. Countries such as Germany, Netherlands, Hungry, Turkey and others...
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Gold-Backed Blockchain

Gold-Backed Blockchain

You won't be buying things with actual coins. You wont be using paper 'dollars' representing gold (as in the past). Those things won't even exist. The future is a digital money. Something incorruptible, verifiable and fast: a distributed blockchain ledger. Yes, it is similar to cryptocoins today. But not exactly. The difference is that the source code will be managed by your issuing government. Another difference is that it will be backed by gold. The coins...
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Fiat Money & Rigged Markets

Fiat Money & Rigged Markets

Our fiat money system was designed to fail. The government borrows money from the Federal Reserve with interest attached. As time goes on, the debt compounds and raises exponentially. There comes a a time when that money is impossible to repay unless ever more is created, bringing about hyperinflation. The value of money drops dramatically during hyperinflation due to the massive amount issued by the bank, diluting the existing supply. The only cure is printing more...
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Gold Blockchain Basics

Gold Blockchain Basics

It is difficult to entertain the idea of combining gold with blockchain without a thorough understanding of each. Government needs to assume responsibility for protecting and insuring our money considering how critical it is to the health of the country. A gold-backed blockchain system will give great faith in the health and security of our economic engine. Blockchain is a distributed public ledger containing a transaction history. This ledger is stored on multiple systems across a...
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Digix, a company based in Singapore selling cryptotokens (DGX) redeemable for real gold announced a partnership with SilverGoldBull.com (SGB) today.

A mutual benefit, however, strong partnerships usually create tougher competition.

The partnership greatly increases the offering for customers of both Digix and SGB. Digix will have their metals stored in custody with Silver Gold Depository, which uses Brinks for the vaulting of precious metals. Digix customers will have more diversification of gold storage and new physical redemption locations around the world too. Until now, anyone wanting to redeem Digix gold had to do so in Singapore.

“This represents the first step in bringing traditional gold retailers into the space. This is the future, and we are excited that Silver Gold Bullion has taken this leap of faith into the crypto space with us.”

SGB, established in 2009, is one of North America’s largest physical precious metal retailers. Silver Gold Bull has a global vision focused on catering to as much of the international market as possible. SGB was an eager early adopter of cryptocurrency, first accepting BTC payments as early as 2013. Today SGB accepts Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Cash and Dash for precious metals.

 

“We are at a unique period within the gold and silver space and are excited for our upcoming cycle in the metals.  With the explosion in users in the crypto market, Silver Gold Bull has realized that there is a new generation of purchasers and traders that don’t necessarily want the physical redemption of our products. With this said we believe we have found the strongest partner in Digix to open up this market and develop along with our robust platform for delivery and storage of metals. Not only does Digix represent the strongest technology to partner with Silver Gold Bull but it also has management team and ownership, that align with our thinking and strategy for global roll-out of the product.”

Could gold-backed blockchain be the future of money?

Each DGX token represents 1 gram of .9999 London Bullion Market Association (LBMA) approved gold bullion. There is a second token by Digix named DGD. DGD has a 1,000,000 token hard-cap and is the governance token for DGX. You can learn more about Digix in our gold-backed blockchain directory.

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