InfiniGold have announced the launch of the Perth Mint Gold Token (PMGT), the first digital gold token on a public blockchain to be backed by government guaranteed gold.
The Perth Mint Gold Token (PMGT) is a digital token backed 1:1 by GoldPass™ certificates issued by The Perth Mint - the world’s largest refiner of newly-mined gold which is guaranteed by the highly rated sovereign entity, the Government of Western Australia.
Given the incredible rally in the price of Bitcoin (BTC), and other crypto-currencies like Etherium this year, there has been no shortage of interest in this space, with precious metal investors asking whether or not BTC is basically a digital version of gold and silver or not.
One question we are often asked at ABC Bullion is; how much gold or silver should I hold in my portfolio?
Discover some of the factors and options according to Chief Economist Jordan Eliseo.
Discover the eight reasons why Australian investors should consider including physical gold in their investment portfolio. Here is number 2.
2. Gold is a natural holding in low “real” interest rate environments
What are the eight key reasons why Australian investors should look at investing in physical gold as part of their investment portfolio? Here is the first.
Reason 1. Gold has demonstrated strong long-term returns in its own right.
In the last big bull market in gold in the 1970s, buying gold was straightforward with only a few options to choose from.
Today, investors are spoilt for choice, making the decision a lot more complex and confusing.