Launching Gold-Backed NFTs to Safeguard Your Wealth by SwissGold Crypto AG
The current financial climate is riddled with inflation and uncertainty. In response to this problematic landscape, SwissGold Crypto AG, a regulated crypto issuer of Switzerland, develops an innovative and reliable method for preserving wealth – the gold-backed non-fungible tokens (NFTs).
The Unwavering Value of Gold in an Inflationary World
Throughout history, gold has always been perceived as a steadfast wealth preservation asset. Its stable value is even more apparent when we juxtapose it against devaluating fiat currencies. In the wake of the 1971 decision of the US President to abandon the gold standard, the significant fiat currencies, including the dollar, have experienced a substantial drop in value compared to gold.
While the inflation rates are surging, there’s an increased interest in alternative assets, gold, and cryptocurrencies alike. The latter can be volatile, while gold’s enduring stability stays reliable during crises, hyperinflation, war conflicts, or natural disasters.
Physical Gold vs. Paper Gold in Events of Crisis
In events of crisis, the ideal form of gold to utilize as insurance is the physically allocated, due to the risk of shortages presented by the paper gold market. This market outmatches the available physical gold by a massive margin.
Blockchain Technology for Secure and Flexible Gold Ownership
SwissGold Crypto AG has pioneered a secure and flexible means for gold ownership and trading, made possible by leveraging blockchain technology. By placing gold bars of all sizes on the blockchain as NFTs, these tokens are supported by physical gold bars, with a price as low as $60 for a 1-gram gold bar.
SwissGold NFTs also come worry-free, with no storage fees required, and also allow investors to redeem their NFTs for physical gold bars they symbolize any time. Furthermore, each SwissGold NFT features a 3D visual representation compatible with the metaverse, along with the corresponding gold bar’s serial number, for virtual display purposes.
Securing their Place within Switzerland’s Secure Economic Environment
SwissGold Crypto AG’s gold-backed NFTs serve as a practical solution for preserving wealth during uncertain times, leveraging the stable and secure economic environment of Switzerland.
Carole Hofmann from SwissGold Crypto AG is available for contact regarding media inquiries.
About SwissGold Crypto AG
SwissGold Crypto AG, a Zug-based Swiss-regulated crypto issuer, specializes in gold-backed NFTs. SwissGold provides a reliable, flexible pathway for individuals to own and trade digital-format gold backed by physical gold bars.
Remember, readers should conduct their due diligence before engaging with any service linked with the discussed company or its partners. This is solely a piece of information, and the damage or loss caused due to the use of or reliance on any mentioned content, goods, or services isn’t the responsibility of the publisher.
Frequently asked Questions
1. What are NFTs and how do they relate to safeguarding wealth?
Answer: NFTs, or Non-Fungible Tokens, are unique digital assets that can represent ownership or proof of authenticity for a particular item, such as artwork or collectibles. When backed by gold, NFTs offer a secure and tangible store of value, allowing individuals to safeguard their wealth in a digital form.
2. How does SwissGold Crypto AG ensure the gold backing NFTs is genuine?
Answer: SwissGold Crypto AG ensures the genuineness of the gold backing its NFTs through a rigorous verification process. This involves conducting independent audits, certifying the purity of the gold, and maintaining transparent records of each NFT’s backing to ensure accuracy and authenticity.
3. Are NFTs backed by gold easily tradable?
Answer: Yes, NFTs backed by gold are designed to be easily tradable. They can be bought, sold, and exchanged on various platforms and marketplaces that support NFT transactions. These platforms ensure secure and efficient trading, allowing individuals to diversify and manage their wealth effectively.
4. Can NFTs backed by gold be physically redeemed for the underlying gold?
Answer: Yes, NFTs backed by gold often offer the option for physical redemption. This means that holders of such NFTs can choose to exchange their digital assets for the equivalent physical amount of gold, providing them with the added flexibility and assurance of owning the tangible metal.
5. How does SwissGold Crypto AG guarantee the security of the NFTs and the underlying gold?
Answer: SwissGold Crypto AG employs advanced security measures to guarantee the safety of the NFTs and the underlying gold. These measures include robust encryption protocols, secure storage facilities, and multi-factor authentication procedures. Additionally, regular audits and compliance with industry standards ensure the highest level of security for customers.
6. Can NFTs backed by gold be used as collateral for loans or other financial transactions?
Answer: Yes, NFTs backed by gold can be used as collateral for loans or other financial transactions. The inherent value and verifiability of the gold backing the NFTs make them suitable for securing loans or facilitating financial agreements, providing individuals with additional liquidity options based on their assets.
7. How does the introduction of NFTs backed by gold impact the traditional gold market?
Answer: The introduction of NFTs backed by gold adds a new dimension to the traditional gold market. It provides a digital alternative for gold ownership, appealing to tech-savvy investors and collectors. While the core value of physical gold remains unchanged, the integration of NFTs expands accessibility and enhances the overall gold trading ecosystem.