Asia’s largest gold traders embracing Karatgold Coin

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For those who understand the value of gold in their portfolios, the March, 2018 ICO of Karatbars International’s Karatgold Coin marked an important day in the evolution of cryptocurrency investment. Karatgold Coin stands apart from other ICOs because it is backed by gold, as government currencies were in the old days. This melding of traditional security with cutting-edge technology promises to propel Karatgold Coin to acceptance as a form of payment more reliable than fiat currency.

The key to Karatgold Coin’s long-term success lies in the worldwide market’s acceptance of Karatgold as a safe form of exchange. Karatgold CEO Harald Seiz knew for this to happen, his company needed to provide a product backed by a stable hard asset. Blockchain technology opens many possibilities in the future, but cryptocurrencies still need to be based on more than code.

Karatbars found the solution in tying the value of the Karatgold Coin to gold by making the Karatgold Coin exchangeable for gold at anytime. With prices tied to the world’s historic store of value, holders of the coin can rest assured that their money’s value will remain intact. Big money investors are buying in.

In a televised press release, Seiz announced that Karatbars has secured partnerships with three of the largest gold traders in Asia. These traders will use Karatgold Coin as a means of exchange on hundreds of million of dollars worth of transactions per day. This large volume of Karatgold based payments provides crucial liquidity for Karatgold Coin’s expansion. The traders see that since Karatgold Coin is backed by solid gold reserves, it provides a stable means of exchange.

Karatgold Coin provides the practical means of replacing fiat currency. Other cryptocurrencies have failed to make this grade. They remain speculative and unstable. For example, bitcoin has become wildly popular as a speculative investment vehicle because of its meteoric rise. Its volatility makes it attractive to speculators, but volatility also makes bitcoin impractical as a currency.

Imagine you wanted to buy a used car with bitcoin. The seller agrees to sell you the car when bitcoin is $8,000. A month later, bitcoin hits $10,000. You feel pretty sorry that you bought that car. Vice versa, if you sold a car for one bitcoin when it was worth $10,000 and then bitcoin plummeted to $8,000, you’d wish you had the car back!

All currencies fluctuate, but to work as money, they can’t fluctuate like bitcoin. Though they are much more stable than bitcoin, fiat currencies lose tremendous value over time through inflation. Because we are used to using fiat currencies and inflation runs a few percent per year, we tend to forget about it until, years down the line, we see that our money no longer has the value we were counting on.

Cryptocurrency provides the first alternative to inflationary fiat currency in this century. But for it to work, a basis to secure its value must be in place. Fiat currencies are backed by their governments. Government backing is shaky in this modern era.

Karatgold Coin provides a superior backing to governments. It’s backed by gold, the metal accepted and valued all over the world. No one doubts its value. No one disputes its price. While inflation robs the value of fiat currency, gold holds its value because it cannot be printed by governments. With a cryptocurrency based on solid gold, buyers and sellers can exchange goods without currency risk.

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