Silver – this is the name of the illustrious and beautiful white metal that has delighted and impressed millions of people for generations. Today, it is considered by some to be the gold of the poor, a popular but false classification that has resulted in the undervaluation of one of the most useful metals known to man. Objectively, silver should not be the second fiddle to gold, each being a separate metal in its own right. Silver is famous for its ornamental use. As a rare and precious precious metal, for millennia it was used as currency alongside gold due to its intrinsic value. Some central banks also have large reserves of it as a hedge against inflation and others use it as an affordable safety net against rapidly declining government-controlled fiat currencies. Impressively, silver has far more industrial applications than gold with conservative estimates identifying over 10,000 uses for silver in a wide range of industries from medicine to consumer products due to its antimicrobial, reflective, thermal and electrical characteristics. One thing is certain: money will remain an investment of choice until the end of time.
But investing in silver hasn’t always been easy. On the one hand, it is usually mined (70%) as a by-product of copper, lead and zinc, and the production of these elements has a direct impact on silver prices. Many miners find that mining silver as a stand-alone entity is unprofitable, because while the mining overhead costs are similar to that of gold, the selling price disparity is huge. Decades of price manipulation by government and banks have impacted the price of silver and it remains a perpetually volatile commodity. Transportation and storage logistics are also huge sticking points as silver is bulkier than gold and takes up more space than gold of the same dollar value. Its faster sensitivity to the elements means that professional storage services that incur higher fees are a necessity. Even though it is affordable, there is no guarantee that all of its value can be extracted by simply storing it. Without the ease of transfer, liquidation and marketability in small chunks, its value collapses. Add all of that to the tax woes that come with it, and investing in silver starts to look like a tall order for the average investor. Attempts to simplify investing in silver through ETFs (exchange-traded funds), silver futures, silver mining stocks and similar inventions have turned out to be quick fixes. because they are not equivalent to real money ownership with other trivial issues including poor liquidity. , tracking error and counterparty risk.
Now there is an easier way to invest in silver. With the success of AurusGOLD, Aurus introduced a symbolic silver equivalent, AurusSILVER. Tokenization refers to a process of converting physical assets into cryptocurrency based on a revolutionary technology called blockchain. It allows transactions to be recorded digitally, permanently, securely and transparently. AurusSILVER has represented traditional blockchain money markets allowing anyone anywhere to conveniently and efficiently spend, own, transfer and exchange money as a digital asset without incurring costs due to the taxation, middlemen, storage and security, thus unlocking the true value for money. AurusSILVER is backed by physical money and represents 100% ownership of the money stored in audited safes around the world. Anyone can exchange their AurusSILVER tokens for physical silver authenticated by the LBMA (London Bullion Market Association), a leading authority in the precious metals industry.
There are more advantages. Unlike the traditional money market, AurusSILVER supports split money buying and offers unprecedented liquidity. There is no restriction on the bit or many quantities can be acquired.
The time has come, too. There is a growing appetite for digital assets, a finding supported by the exponential growth of the cryptocurrency market now valued at $ 2,000 billion. But the market remains famous for its volatility. AurusSILVER will help stem the tide of high volatility in the crypto market as a valuable stablecoin for crypto investors and traders to hold profits in commodity-backed assets whose valuation can rise without the risk of depreciation or reduction in purchasing power as in the case of supported fiat- stablecoins. AurusSILVER has the distinction of being the first token backed by money traded on the stock exchange. The existence of AurusGOLD and AurusSILVER creates a perfect arbitrage opportunity for gold and silver commodities. AurusSILVER investors will soon be able to stake their holdings to earn interest.
Other incentives provided by the Aurus Company include its AurusDeFi (AWX) Token Set will launch on August 1, 2021, and distribute Aurus’ revenue (generated from typing, storage, and transaction fees) among its 30 million token holders.
Everything is set as Aurus takes its place as the behemoth of the crypto / precious metals industry with its vision of unleashing the true potential of assets through tokenization on the blockchain. Investing in silver is attractive again thanks to Aurus. AurusSILVER can be acquired from a variety of established precious metals traders and exchanges including GoldDirect and CEX.IO
For more information visit aurus.io