Liquidity. Liquidity. Liquidity.
November 29, 2018
At SendGold we have always believed that one of the big advantages for owning SendGold gold is liquidity.
Liquidity. Simply put, an asset is liquid if you can buy or sell as much as you need, anytime you need, at a reasonable price.
Gold is one of the most liquid assets in the workd. The daily trading volume in the gold markets even exceeds the daily share trading volumes in the entire S&P 500 index:
By contrast, the headlines about liquidity in the cryptocurrency markets are not very positive at the moment:
We’re big believers in the promise of blockchain record keeping and distribution channels when coupled with a top-quality asset like gold bullion. Gold has proven, deep, highly-liquid markets and broad usage and ownership across a variety of different industries. There’s gold in the smartphone in your hand, in the NASA Rover that landed on the surface of Mars this week, and in the vaults of the biggest investors and governments in the world.
We think these are advantages that will be difficult for any new software algorithms to match.
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