In the past 2 months, Gold was reported to give an 82% annualised base return in US dollars. Gold has historically been recognised as the de-facto commodity for wealth preservation across time.

As part of Digix’s objective to make Gold more accessible to the retail investor, Digix has partnered with Argentinian platform SeSocio. Retail investors in the Latin American region can now purchase Gold in a more accessible fashion.

Gold continues to be recognised as one of the most precious metals in history. Its limited quantity, and ability to weather through time, gives Gold its rich cultural and financial value. This too makes it appealing as an asset class for investors who wish to protect their wealth.

We may not have the ability to look into the future, much like the DeLorean from Back to the future. However, we do know that Gold has the tradition and evidence of time to be a refuge of “safe” value in comparison to other asset classes. It is for this reason that investors choose Gold to be their workhorse asset class when it comes to investments.

These days, the price of gold has gone above its maximum band — above US$1,500 (price listed is at the point this article is written)

Why might that be so?

A range of circumstances, including prolonged trade tensions between the United States and China, and the uncertainties of the traditional capital markets, have made precious metals such as Gold, an attractive option again.

Accounting for this renewed interest in investment-grade Gold, SeSocio has partnered with Digix. Digix is at the forefront of digitising gold bullions on the blockchain. This untampered proof of provenance is registered and sold through DGX tokens. Such allows retail investors to purchase real investment-grade Gold through digital DGX tokens. At the same time, investors enjoy the benefits of Gold price upswings, in a secure and accessible fashion.

Digix’s partnership with SeSocio coincides with renewed international interest in Gold, as seen by the 25% increase in Gold’s value in the last year.

Digix is the world’s first smart-asset company that takes advantage of blockchain technology to account for the provenance, verification and storage of physical gold bars for all its investors.

How it works

Investors receive a digital token, DGX, that is equivalent to 1 gram of 99.99% investment-grade Gold. Each DGX token is registered on the Ethereum blockchain and pegged to a physical piece of gold bullion stored in Digix’s partner vaults in Singapore and Canada. This process is called the proof-of-provenance, and includes the following data about the Gold —

Time-stamp of card creation

SKU of the gold bar

Serial Number of the Gold bar

Chain of Custody digital signatures (Vendor, Custodian, Auditor)

Purchase receipt

Audit documentation

Depository receipt

Storage fees due

Digix’s strong mission stance for transparency and accountability see it working with partners such as gold bullion supplier, ValueMax. Likewise, Internationally-recognised commodities auditor, Bureau Veritas, audits the reserves of Digix every 3 months, verifying the quality and quantity of the gold bars in the deposits tally up in the accounting.

“We are really excited to introduce Digix to the Latin American market. Bringing the DGX token and Digix brand into our platform showcases our aspiration to expand opportunities for Latin Americans into Asia, where the markets are receptive and proactive towards blockchain technology and could be a good way to diversify one’s portfolio,” said Guido Quaranta, CEO and founder of SeSocio.

“We have seen the possibility of harnessing gold more intuitively as a means of value exchange beyond a traditional asset class. By making DGX available in the Latin American region through SeSocio, we allow Latin Americans to diversify risk and store value in a different geographical region, such as Singapore, as a way to better preserve their personal wealth from inflation and political uncertainty. This process encompasses Digix’s spirit of greater financial inclusivity and making investing more accessible to the masses,” said Shaun Djie, COO and co-founder of Digix.

This alliance allows Latin American retail investors to access the purchase of one of the assets that has been a store of value for thousands of years in the simplest manner. The combination of blockchain technology, one of the most disruptive of the moment, and a traditional asset such as gold, is the ideal combination for investors to operate with security and efficiency.

This article is translated from the original article on Infobae