Video presentation https://www.youtube.com/watch?v=kgatMfi2dxs For millennia, gold has been considered as a safe haven in the times of financial crisis. Since May of this year, the price went up from $1300 to $1500 per ounce with the largest increase of $100 last week alone. Bitcoin is colloquially cold "Digital Gold". Let's take a deeper look in the nature and properties of Gold and compare it to Bitcoin. As a bonus section, we will look at Gold on the Blockchain or so-called Gold-backed Stablecoins. Which benefits and problems they have. Agenda: Gold as money Use cases of Gold in the modern world and how they influence the price Gold and Central Banks Ways to buy and store gold Cons and Pros of Gold vs. Bitcoin Gold-backed Stablecoins (Digix, Anthem)

1. BITCOIN
VS.
GOLD

2. Money
● Gift Economy
● Commodity Money - Scarce, Durable,
Unforgeable, Divisible
● Stock-to-Flow
What do antiques, time, and gold have in common? They are
costly, due either to their original cost or the improbability of their
history, and it is difficult to spoof this costliness. Nick Szabo

3. Stock-To-Flow Ratio
● Gold: S - 185,000 t; F - 3,000 t: SF - 62; 1.6%
● Silver: S- 550,000 t; F - 25,000 t: SF - 22; 4.5%
● Platinum: S - 86 t; F - 229 t: SF - 0.4; 266.7%
● Bitcoin: S - 17.9m; F - 0.7m; SF - 25: 4%
The high stock-to-flow ratio of gold makes it the commodity
with the lowest price elasticity of supply. Saifedean Ammous

4. Gold
● Storage
● Paper gold
● Authenticity
● Divisibility
● Transporting
185,000tn. 21m Cube
Cons:

5. Gold Reserves

6. Gold Reserves

7. Money Supply, USD
Jan 1959 - $286.6B, Jun 2019 - $14,755.1B

8. Bitcoin
● Costly to produce
● Unforgeable
● Fiat and Altcoins: No Supply Cap, Low
Hashrate, Individual or group can
change supply
According to PlanB SF analysis, in May 2020 - $55,000

9. Gold Backed Stablecoins
Pros:
● Easy to Transfer Tokens
Cons:
● Centralization (Trust)
● Regulatory risk
● Volatility (incl. Due to Stockpiling)
● Lost Private keys
Out of 27 Gold Stablecoins – 16 closed

10. Digix
● $200M in ETH in crowdfunding
● 111,000 DGX Tokens (grams of gold)
● 24h Volume $38,788
Arguably more of a supply chain management
tool for gold rather than a stablecoin. Not a
means of payment.

11. Tips
● Backup your seed phrase
● Never Keep Coins on Exchanges
● Denis Serebryakov
twitter.com/ThatCryptoTO