by Marvin Dumont
Gold is now over $1,800 an ounce and rising. The precious metal peaked at $2,065 in 2011 after the 2008 financial crisis, and gold’s value is poised for continued growth. When people are fearful, timeless assets increase in value due to their ability to preserve capital.
Apollo Fintech is launching Gold Secured Currency (GSX) in an ongoing coin distribution event (CDE) with an initial price of $0.046 USD each. A total of 10 billion GSX are available for acquisition with a hard cap of $100 million.
GSX is gold-backed, as well as backed by newly-mined gold, mining operations and all assets, and deposit-rich land in the Wytte Mines in Zimbabwe. GSX holders are entitled to annual dividends which will be funded by the above.
It’s a gold-backed coin that combines features of a cryptocurrency and investment coin.
QE and Excess Cash
The fact that depositors, investors and consumers are turning towards commodities and hard assets is foreshadowing coming economic developments.
Many are bracing for the negative consequences of the monetization of debt, quantitative easing (QE), and trillions in newly-printed fiat. Their negative impact includes:
- high inflation
- dollars’ loss of purchasing power (as well as those of other fiats)
- low interest rates (or even negative rates)
- other unforeseen developments which create uncertainty
QE may stimulate an economy in the short-term, but it can also plunge consumers and businesses into more debt and exacerbate the fragility of an already depressed business climate.
Gold, silver, real estate and other real assets are becoming more attractive as a safe haven for investors.
Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government blockchain solutions, as well as pioneer of international mass adoption.
Learn more at aplfintech.com.