The term “democratization” typically evokes the ideals of freedom and the process of a government transitioning from authoritarianism to democracy. Today, however, we also use democratization in finance to describe reducing barriers to enter certain markets or activities.
Although financial democratization appears to grant more people access to markets, it can also come at the cost of personal freedom, privacy, and property rights.
While democratization of markets may sound benevolent, it is the path toward owning nothing tangible in the real world.
A search for “democratization” on the World Economic Forum’s website reveals that everything — from tangible goods to intangible concepts — is being democratized through dematerialization. This process includes physical goods, precious metals, capital markets, cryptocurrencies, deepfake applications, media content, travel, computing, digital connectivity, access to technology, skills, growth — even the sky.
Let’s focus on the “tokenization” of assets.
Democratization of assets occurs through the process of tokenization. Essentially, tokenization dematerializes physical assets into digital assets (tokens) so they can be exchanged on a blockchain. Tokenized physical assets, such as real estate or art, are called real-world assets. Tokenized securities are called digital asset securities.
When a real-world asset like a painting is tokenized, it exists in two forms: its original physical form and a newly created digital “twin,” called a token, which resides on a blockchain. Each token is linked to a “smart contract,” which details the asset’s fair value, ownership, and other attributes. Smart contracts contain code that instructs the blockchain to perform specific functions, such as buying or selling under certain conditions. As a result, even though the painting never leaves its physical location, it can still be instantly bought or traded multiple times on the blockchain. […]
— Read More: www.theblaze.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
