Digital Gold: Linking Gold to the Blockchain – Gold Backed Cryptocurrency

Central banks around the world are cutting interest rates. In Australia, the Reserve Bank of Australia (RBA) has so far cut rates three times this year, and the cash rate is now sitting at a low 0.75%.

Low interest rates are good for the gold price. But so is the recent global economic slowdown and all the geopolitical instability we have been experiencing.

Gold is starting to get some attention along with other different assets outside of the financial system, like cryptos and blockchain.

Both share some similarities, but they are also quite different. On one hand, gold has been around for millenniums, what you see is what you get where as blockchain is quite technical and new.

But we are slowly seeing these two worlds somewhat coming together.

During the recent Gold and Alternative Investment Conference (GAIC) in Sydney, we found out that Ainslie Bullion has recently launched a cryptocurrency token backed by physical gold and silver bullion. The idea is to make investing in precious metals a lot simpler.

Check out our interview with Paul Engeman, from Ainslie Bullion, during the event. We discuss digital gold, what attracted Ainslie Bullion to the blockchain and more…

You can watch it here.

Selva Freigedo is a research analyst for The Rum Rebellion.

Born in Argentina, her passion for economic analysis started at a young age. Her father was an economist for the Argentinean governments and the family used to discuss politics and economics at the dinner table.

Argentina is a country with an unusual economic history. Growing up there gave Selva first-hand experience on different economic phenomena such as hyperinflation, devaluation and debt default.

Selva has also lived in Brazil, Spain and the USA.

Back in 2000 she was living in the US as the dot com bubble popped…
And in 2008 she was in Spain as the property market exploded and then collapsed…

She has seen first-hand what happens when bubbles burst.

Selva joined Fat Tail Investment Research’s team in 2016, as an analyst. She now writes from her vantage point in Australia, where she settled in 2015.

The Rum Rebellion