by Marvin Dumont
What goes up must come down but not with gold. The rare metal only goes up and is now worth $1,800 an ounce.
Gold has been used for commerce since the Bronze Age. It’s timeless money. Over the centuries, hundreds of sovereign cash and fiat, however, have become worthless.
Kings, emperors and presidents are routinely replaced, and empires and nation-states are eliminated from the planet in a process of creative destruction. But people’s love of gold never changes.
As history has shown, people fight for gold; and hide and guard it with their lives. (King Solomon’s temple itself was robbed of billions worth of gold and was ultimately destroyed by invaders.) The biblical god Yahweh, through his prophet Moses, forbade the Hebrews to worship false idols (like golden calves). But Scripture advocates for gold investing (see King Solomon in Ecclesiastes around 1,000 B.C.).
Other sections (i.e., Moses in Exodus around 1,600–1,300 B.C.) warn against loving money to the point of causing evil behaviors. The purpose of the Second Commandment was to prevent gold and other financially precious items from replacing the Hebrews’ one true God, Yahweh. Whatever you do, do with all your might, advises Proverbs, but do not worship idols. Because according to Scripture, a human being becomes what he worships. And false gods are lifeless.
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.
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.