The stablecoin represent (theoretically) 1 "physical" dollar in reality. There are tokens that correspond to a certain amount of 【pｈｙｓｉｃａｌ ｇｏｌｄ】 (in the true sense of the word). These digital goods have positive and negative aspects, let's see the main ones. First of all, let's make some examples of digital tokens that represent real gold (physically kept by the same company that issued the asset or on behalf of third parties).
This is the case of:
🥇 PAXGold (PAXG)
🥇 DigixGlobal (DGX)
🥇 Meld Gold
🥇 Tether Gold (XAUT)
🥇 Perth Mint Gold Token
🥇 Golden Token
🥇 CryptoGalaxy (GOLD)
...
Each of these tokens represents a certain amount of (real) gold stored somewhere in the world. For example, if there are 50 gold bars (all of the same weight) each of them will be represented by the same digital token.
What does it mean? Well, guarding gold is expensive (both in terms of security and transportation).
For example Tether Gold is worth about 1720 dollars (Tether USDT is certainly known as it is the most used crypto in the world; even more than Bitcoin. It is a stablecoin) instead PAXGold about 1740 dollars (1 token = 1 gold ingot; on the non-digital market the same amount of gold is worth about 1730 dollars).
Bought the token what can we do with it? Realistically speaking we will not "physically" own the gold but only the digital asset.
Obviously this digital gold (token) can be sold (24/7) which with physical gold would be more difficult (you have to go to the "buy gold" and wait for its evaluation), converted into real gold (but then it will be up to us take precautions to protect it: for example through a safe) or exchanged with other crypto (for example Bitcoin). Fees are very low compared to the traditional gold transport standard.
The minimum digital gold that can be purchased on PAXGold is $ 15 (with a commission of around $ 30).
If I spend $ 4,000 I will have a commission of $ 40 ($ 40,000 will have a $ 400 commission). Surely these are quite low commissions. There remains the problem of understanding what happens if that real gold bar (belonging to us) is stolen? Being a digital asset (protected by private keys) how could it be inherited if no relative knows the private key?
𝕎𝕠𝕦𝕝𝕕 𝕪𝕠𝕦 𝕓𝕦𝕪 𝕕𝕚𝕘𝕚𝕥𝕒𝕝 𝕘𝕠𝕝𝕕?
