Invest in Real Gold Using Cryptocurrency (Plus Advantages|Disadvantages of Gold Investment)

The world's largest refinery of newly minted gold, The Perth Mint in Western Australia, has teamed up with a leading precious metals digitisation company, InfiniGold, and released the world’s first government-sponsored gold crypto token, the PMGT (the Perth Mint Gold Token). PMGT allows blockchain users to conveniently trade and hold gold stored at The Perth Mint. How does it work? Well, one PMGT is exchangeable for exactly one Perth Mint GoldPass certificate. And one GoldPass certificate is exchangeable for exactly one PMGT. There are no exchange fees. Each certificate is 100% backed with physical Perth Mint gold stored in its central bank-grade vaults, with the weight and purity of every ounce guaranteed by the Western Australian Government. So what are the advantages of gold investment? Firstly, gold is a hedge against inflation and financial markets. Secondly, gold has strong global market demand. Thirdly, gold has intrinsic value. Lastly, gold is liquid. What about the disadvantages? The main one is that gold is not a passive investment. That is, gold does not pay a yield. Secondly, gold has to be stored. However, this cost seems to be fairly minimal for the online investor. And the last disadvantage, short-term volatility. Gold prices can be volatile in the short-term (just like shares), but tend to bear fruit over the long-term. Personally, I don’t currently invest in gold, but now that it’s becoming so much easier, I may just consider it in the not-too-distant future.

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