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GOLD AND CRYPTO: The Perfect Pair

THE FOURTH EDITION OF THE PANEL DISCUSSION ON “LET’S GET CRYPTO” HOSTED BY COINNEWSEXTRA WITH ANSYLLA RAMSEY, (the panel leader), AND BRIAN H. BATTLE, SR, (guest speaker), AS THE PANEL MEMBERS.

About the Panel Members

ANSYLLA RAMSEY
She is a crypto-enthusiast, she is also a natural hairstylist and international educator. In search of financial freedom, she became very active in spreading crypto-awareness, from 2017.

BRIAN H. BATTLE, SR
Brian has been a marketing and sales executive for over 20 years, also an home based business owner for over 20 years, he is also a coach and visionary in network marketing industry , seeking total freedom (time, financial, mentally, physically, spiritually and location wise).

WHAT’S THE BIG DEAL ABOUT GOLD?
Brian Battle referred to gold as “GOD’s MONEY”. He stated that “gold has been on this earth and I’m quite sure, longer than everybody else, it will be here when we are gone, and it was here before us, that’s “TRUE MONEY”.

Gold has been used for a lot of different purpose especially the wealthy, it has been used to stabilize and secure their income. Gold has always appreciated in value for the past 100 years.

Gold has a history of over 5000 years. Since ancient times , gold has been an important raw material for the last 2800 years, it has been a recurring base of currency and trade.

According to Brian “back in 1971, the US Dollar is backed by physical gold, which means you couldn’t av a currency that could not be overinflated beyond what’s available in the supply of gold.

In 1971, Richard Nixon cancelled the direct convertibility of the US Dollar to gold, which cause the currency to depreciate in value.
Gold became more valuable, however now currencies lose more and more in value every passing year. This explains inflation, how the prices of goods and services go up and value of money decreases.

Brian Battle stated an example that “back in 1998, $20 actually was a big money that can use to get more goods and services compared to subsequent years “, he also said that “the reason for this is because currencies aren’t backed by any source, stating further, he said we have to go back to gold standard, if we really need to secure and stabilize our income.”

Ansylla also stated that the economy of many countries have started to go under the gutter, using the case of Venezuella as an example, where people start to throw away currencies because of it devastated decrease in value in respect to goods and services. She also emphasize that it’s not that the economy has gone so bad, but the use of paper money (not backed by anything), instead of digital currencies has caused this devalue in most country’s currency.

Price stability in an economy means that the general price level in that economy does not change much over time. Brian stated that “gold since ages have not change in form yet it increases in value, while our currency which changes form every time has not found stability. He added that gold is an essential commodity wealthy people used to stabilize and secure their wealth and income, because of its appreciative value.”

Ansylla shed more light on a company which have been running in since 2011, very reputable and has brought gold and digital currency to a perfect pair. Karatbars international is a reputable company that has brought gold and cryptocurrency closer by introducing the V999 token.

V999 token is the only gold token that you can redeem for LMBA accredited good delivery gold bullion bars. For additional convenience, smaller amounts can be redeem through a network of physical gold retailers around the world.
V999 is a stable coin tied to 0.1grams of gold. The former name of V999 is unival.
Although the name have changed, V999 possesses all the properties of the unival.

You can watch the interview video here 

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
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Ethereum3,975.4 0.36 % 2.75 % 2.31 %
Binance Coin478.92 0.18 % 1.24 % 0.60 %
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