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.