Stocks, bonds and cryptocurrencies have all seen big falls this year. But gold remains at its one-year average. It may be dull, but it’s doing what it’s supposed to do, says Dominic Frisby. Preserving its value – and your capital.
Brinks appear as part of the ecosystem... couldn’t say much more than that. For me the advantage is as Dominic says, a refuge from crypto, i can be out of BTC and into gold in seconds...
The Aurus idea reminds me of the Allocated Gold on a blockchain offering that the Royal Mint was proposing two or three years ago. The website for it went through a couple of makeovers,and I think it was ring referred to as RMG last I heard of it. It interested me as I am into both gold and crypto. But I don’t know whether anything came of it in the end.
What do you think of gold backed crypto coins such as Pax Gold PAXG? These offer the exchange of your crypto coins into physical gold, just like money used to! There’s a British one called AURUS which does other precious metals too but the exchange they use has very low liquidity so acquiring some at the right price could be tricky. AURUS also offers exchange for physical gold. It’s just an app on your phone, I thought it was quite a nice way for the small investor to buy gold. I wondered what your thoughts were on this?
I don't see the point. Gold has barely been used for payments since around the invention of paper money. Unless you're using it as a refuge from bitcoin like tether. Better to own gold itself or allocated.
Could be an interesting week (p.s. the above is a Twitter overlay link to get around the recent problem of Twitter trying to force users to login or create an account in order to view tweet threads).
Sorry, that question was addressed to the poster to try to highlight the following: Always ensure you know your storage counterparty when it comes to anybody offering a precious metals-based product.
https://aurus.io/about-us
Brinks appear as part of the ecosystem... couldn’t say much more than that. For me the advantage is as Dominic says, a refuge from crypto, i can be out of BTC and into gold in seconds...
The Aurus idea reminds me of the Allocated Gold on a blockchain offering that the Royal Mint was proposing two or three years ago. The website for it went through a couple of makeovers,and I think it was ring referred to as RMG last I heard of it. It interested me as I am into both gold and crypto. But I don’t know whether anything came of it in the end.
Uganda says exploration results show it has 31 mln tonnes of gold ore , what do you make of this ?
Yes, I heard that. I need to check that story!
Hold Gold, I say. (And HODL Bitcoin too!)
What do you think of gold backed crypto coins such as Pax Gold PAXG? These offer the exchange of your crypto coins into physical gold, just like money used to! There’s a British one called AURUS which does other precious metals too but the exchange they use has very low liquidity so acquiring some at the right price could be tricky. AURUS also offers exchange for physical gold. It’s just an app on your phone, I thought it was quite a nice way for the small investor to buy gold. I wondered what your thoughts were on this?
I don't see the point. Gold has barely been used for payments since around the invention of paper money. Unless you're using it as a refuge from bitcoin like tether. Better to own gold itself or allocated.
Hey Dominic. Looks like Tether is currently under active attack to try to break the USD peg:
https://twitter.censors.us/hkanji/status/1543209963899715584#m
Could be an interesting week (p.s. the above is a Twitter overlay link to get around the recent problem of Twitter trying to force users to login or create an account in order to view tweet threads).
Who is the custodian for the AURUS Gold? Is it somebody reputable like BRINKS, or is it one of the banks?
don't know
Sorry, that question was addressed to the poster to try to highlight the following: Always ensure you know your storage counterparty when it comes to anybody offering a precious metals-based product.