Growing Global Wealth: The Significance of Gold Plus Coin in the Digital Gold Landscape

Gold has always been synonymous with wealth, power, and prestige. From ancient Egypt to the modern central banks, this precious metal has undergirded the world's economies for millennia. However, today's state of the gold investment market is facing a unique set of challenges.

The cause is relatively simple: although distributed across various nations, gold reserves are finite. In fact, these resources have been declining at an alarming rate, with certain experts proposing that mining gold might become unsustainable by the year 2050.

David Roy Newby, a cryptocurrency and gold investment expert and author, highlights that the pressure on the global gold reserve infrastructure has nearly reached its breaking point. Most of the reserves are divided between three countries, USA, Italy, and Germany.), with China acquiring the most gold in the last several years.

Moreover, he states, “Central banks control about $3 trillion of the $12 trillion worth of gold above ground. Approximately $5 trillion is used in jewelry, a small amount is used in industry, and the rest is in coins and bars held by investors and central banks. The banking system, however, has roughly $2 quadrillion of debt built on this $3 trillion gold base. This almost 1000 to 1 ratio of debt to gold is completely unsustainable in the long run.”

Newby believes that the gold mining and debt challenges call for solutions now, one of which is a new gold standard that would fit the contemporary financial climate. Newby’s own idea, born out of years of experience in the crypto and gold investment domains, is to tokenize proven in-ground commodities with real-world bankable value in order to level the playing field.

The result of this idea is Gold Plus Coin (“GPC”), a venture tokenizing proven in-ground gold; GPC combines the safety and stability of gold to preserve individuals’ purchasing power while making it easier and safer to buy, hold, and spend than physical gold.

This unique venture represents an unprecedented fusion of the old and new.  On the one hand, Gold Plus Coin leverages the immutability and transparency of blockchain technology, aiming to decentralize (or, rather, democratize) gold ownership by making it easier - and safer - for investors from all walks of life to access gold assets, no matter where in the world they live.

On the other hand, Gold Plus Coin also addresses the environmental and logistical challenges associated with physical gold by making this asset accessible without the need to mine it.

“The importance of this effort is best seen in the countries whose resources have been depleted by wealthier nations over the past decades. Not only are we reducing the strain of mining; we’re also offering a way for these countries to monetize their reserves and provide liquidity to their economies through a mechanism they didn’t have before,” Newby explains. “More than just a digital token, we see GPC as a tool for economic empowerment and financial security.”

Newby’s vision for Gold Plus Coin extends beyond just financial gains. In his efforts to pave the way toward a new gold standard in the stablecoin market, he has placed significant emphasis on innovation and strategic partnerships to further his mission.

In fact, since the company’s inception, Newby has been invited by prominent worldwide figures to discuss tokenizing their gold, including presidents of multiple African countries, state officials, and gold mine owners from many other nations.

Looking ahead, Newby is excited about the future of blockchain and tokenomics but warns that this industry should move away from simply finding ways to market new tokens that are fiat, just like government currencies currently are. More than that, Newby believes crypto’s greatest potential lies in its ability to be integrated with real-world value commodities, offering unprecedented liquidity to global economies and potentially helping to stabilize the world’s banking system.

As Newby highlights, “We’re on the brink of a new era in finance, where multiple digital tokens could be valued on their real-world economic impact and utility. Gold Plus Coin aims to become a central player helping to bring greater liquidity to the world that is sustainable, stable, and secure.”