With gold prices hovering at $1300 an ounce, and an economy that seems ripe for a correction, the inevitable clamor of “investing in gold” will soon start to be heard again. There is no denying that gold is a valuable asset – but is it a good investment?
Whether it’s housing costs, transportation, entertainment, or groceries – prices seem to be rising faster than the commonly reported inflation rates provided by the U.S. government. The true rise in prices may be reflected in a well-known American burger.
We are pleased to announce TxGold is now available on the Stellar platform. Backed by, and redeemable for physical gold, which is stored and secured in the state of Texas (and insured by Lloyd's of London), TxGold is a viable alternative to fiat money – and a great complement to existing crypto/virtual currencies.
Launching a gold-backed currency means complying with a host of anti-money laundering and customer identification requirements. Restore Money Foundation is pleased to announce that it has selected Shufti Pro to help with its customer on-boarding process.
The Restore Money Foundation has selected the accounting firm Potter & Golden, P.C. to conduct independent reviews of the physical gold that is backing the TxGold currency. These independent reviews, along with our contractual bailment agreement, will provide token holders additional confidence in the stability and value of TxGold.
In 2011, I published a book about the United States Debt, and used the preamble of the U.S. Declaration of Independence to point out how America has become similar to the same tyrannical government it sought to separate itself from. And perhaps no power a government has is more potent than the power to control the money supply.