We’re all delighted that our crowdfunding round is now available in both the UK & US – we’ve got off to a flying start already surpassing £1m in the UK & Europe through Seedrs just a few days after the public launch. US investors can visit Republic to join the Glint crowdfunding community.
A reminder of Glint’s mission: we are democratising and digitising real gold to be used as everyday money. Your support is vital in helping our growth as we continue to offer a real alternative to a failing monetary system.
Just in the last few days we’ve had several stark reminders of why a reform of the current financial system is so vital.
In the last week, we’ve seen inflation stats from China, the UK and the US – up 0.9%, 1.5% and 2.6% respectively. The UK will surpass the Bank of England’s 2% target and hit 2.5% later this year whilst in the US it could even hit 6%. This is staggering and has a frankly terrifying impact on the value of our cash and savings.
Last week, the FTSE 100 fell by around 2.5%, losing almost £50bn whilst the Dow Jones saw a 3% drop over 48 hours.
And the cryptocurrency market is collapsing around us. Elon Musk’s tweet suggesting that Tesla would exit the Bitcoin market sent prices plummeting. As prices stabilised and then began to recover, news from China that it was cracking down on crypto and tightening restrictions on financial institutions with services dealing with the digital currencies, sent crypto prices into freefall – the price of Bitcoin dropped a third in less than 24 hours. Some investors will have seen thousands wiped off their portfolios within a matter of minutes.
All the while, gold has been going under the radar. It’s seen its value rise by around 10% in just six weeks and after being maligned for months is suddenly one of the only assets performing well.
Of course, gold’s value can decline, but it has been a store of value for centuries and has proven its long-term reliability. In my view, the current climate makes gold once again the premier hedge against inflation, uncertainty and the erosion of our purchasing power.
Now is the perfect time to invest in gold and invest in Glint to be part of the future of money.