Investing in Tether Gold as an Alternative to Physical Gold

For many thousands of years, investing in gold has been considered one of the most secure investment options.

This metal served as a place to store savings during turbulent years when money lost its value and purchasing power.

But time moves on, and gradually physical gold was replaced by gold bank accounts, and with the spread of cryptocurrencies, cryptocurrencies tied to precious metals also emerged.

Today, the gold-backed cryptocurrency is Tether Gold, with the price of one coin corresponding to the price of one troy ounce.

Tether Gold is based on the stablecoin of the same name, Tether, which has already gained popularity among investors, and its turnover has long since surpassed Bitcoin.

What is Tether Gold?

Tether Gold is essentially the key to an anonymous gold deposit, the deposit itself being held in a Swiss bank vault—at least that's what the token's developers claim:

The idea is that with a Tether Gold digital wallet, you essentially own physical gold, securely stored. Transferring ownership is as simple as making an electronic transaction, just like with any other cryptocurrency.

The cryptocurrency was created using a multi-blockchain approach on the Ethereum (ETH) blockchain and the TRON (TRX) blockchain, which simplifies transactions with this asset.

On the foreign exchange market, Tether Gold is represented by the symbol XAUT, and the quote against the dollar looks like XAUT/USD.

XAUT is supported by the same crypto wallets as USDT, making it fairly easy to buy or sell. It is also listed on the largest cryptocurrency exchanges and with cryptocurrency brokers .

However, its capitalization is currently quite low and amounts to only 500 million US dollars.

Tether Gold is pegged to gold and can rise or fall. Currently, 1 Tether Gold is worth $1,740. You can check the current price on the quotes page at https://time-forex.com/kotirovki; the gold quote is at the bottom of the list.

Ideally, a gold token would be suitable for those who like to store their savings in gold and prefer to keep their identity private.

If you want to make money by speculating with precious metals, it's more convenient to use a trading platform provided by gold brokers - https://time-forex.com/vsebrokery/brokery-zoloto-serebro