How the Quint can be worth more than the spot price of Gold
The value of digital gold backed by deliverable, legal tender physical gold is worth a lot more than the same weight in gold nuggets.
Last night in a live broadcast with Connie Willis on Blue Rock Talk I found myself giving a little tutorial on how we layer value onto a digital gold product that can sell for more than the "spot price" of Gold. It all takes place in 5 minutes between the time tags of 32:00 min and 37:29 min in the video.
In the video clip I explain how value increases as you layer on refinements to a gold product from:
- raw gold in the ground
- nuggets of unstructured gold of unknown weight and purity
- plain blanks of gold of known weight and purity
- blanks stamped with an official government brand - like the US Gold Eagle
- custom artistic medallions with additional branding value
- all of the above made digitally transportable to anyone in the world in three seconds with all the legal work done to make it have favorable tax treatment associated with legal tender.
Check it out at quintric.com
Now this is exciting :)
Hey Tony, hope you're doing awesome! Maybe there's a way to get ZEPH and BTS as legal tender somehow someday.
You have trough Gatehub token called BPG who have backup in gold and follow gold price. Basically if you are owner of BPG you can go to their offices and take physical gold if you want in exchange for BPG token.
We already have digital gold, its called bitcoin!
I can't redeem my bitcoin for gold, this is better, puts a floor in.
Not to mention, I can't transfer my bitcoin around in 3 seconds with fees less than a penny.
Quint is the updated version of the GLD index fund and the Central Fund of Canada (ticker CEF) which hold actual and audited gold/silver and sold as an ETF.
Would be nice if it is tradable across multiple exchanges in addition to Bitshares in the future.
Quint is not an index like the GLD. For every 1000 Quint that are bought, Quintrex buys 1 Gold Eagle proof coin from the US Mint and places that coin in a UPMA vault. I have a Steemit post that shows how the Quint will be both Lawful Money in the 50 states of America as well as Legal Tender in the UNITED STATES (corporate DC and Territories - Guam, Puerto Rico, US Virgin Islands, Mariannas): https://steemit.com/cryptocurrency/@ochbiak/crypto-as-lawful-money-the-quint
I hope this is not just another flash in the pan. I am going to look into it as something I have been waiting for. Fingers and toes, it's the real deal. Thank you very much for bringing it to us.
Then you'll be interested in a new 1oz silver backed asset we are preparing for launch 😘
It is really great to transfer the whole thing digitally to accounts within no time ...this thing makes it more attractive ....
The quantity of thing doesn't determine it's value, I shared your thought and I appreciate your information on gold . Thanks @stan
dear @ stan your good post...
i like your all post...
I look forward to every one of your #post..thank you so very much for #sharing..
Wow, I totally share your thoughts on the subject view. Thanks for the opinion