Nicole Junkermann on gold backed digital tokens and cryptocurrencies

Nicole Junkermann, NJF Capital founder discusses the current state of crypto and gold backed digital tokens.

As the Covid-19 crisis has rocked the global economy, the value of hard assets like gold and Bitcoin has risen.

The price of gold is up 35% year-on-year to April 2019.

Investor interest in gold-backed digital tokens, which can be transacted and stored via crypto currency exchanges and wallets, is also soaring.

The total value of gold-backed tokens from companies like Tether Gold, Pax Gold and DGLD has risen from $10 million to $160 million in the last twelve months.

Digital gold tokens are linked to a specific quantity of gold held by a third party in vaults in major gold markets like London or Switzerland.

Benefits of digital gold tokens include greater trading flexibility and reduced costs of ownership.

Blockchain is a crypto exchange that provides a secure wallet to buy, sell and trade cryptocurrencies, including digital gold tokens.

Blockchain is the world’s most trusted all-in-one crypto company, connecting the world to the future of finance through their suite of products including the leading crypto wallet, bitcoin explorer, and market information.