The GramGold ATM*– Solving 4 problems at once
https://gramgold.net/icoThe GramGold ATM is one of three main initiatives in this white paper, being designed to stop the asset loss today’s consumers face when buying and selling gold. Our ATM is being designed to accept scrap gold, weigh it, calculate its value and either pay out 94% of the market spot price to any consumer via bank transfer, or in cryptocurrency.
Most importantly any consumer in the world will be able to use the GramGold ATM to purchase at the right market price both gold bullion bars and coins electronically, which will be stored at our secure vaults.
In the near future an ATM for all precious metals including silver and platinum will also be launched. This is currently being researched.
Problem 1 – The Precious Metals Recycling Supply Chain -Too Long
Instead of a consumer selling their gold to a middleman who then sells to another middleman and so on, the consumer simply sells their gold via our innovative and ground-breaking GramGold ATM utilizing state-of the-art xrf spectrometer technology coupled with specialized custom-built spectroscopy. This will cut down the high value gold supply chain enabling the consumer to realize the best market price for their jewellery etc. Currently the GramGold ATM will only handle gold transactions, but a complete precious metals ATM is in the design phase.
Problem 2 – The Precious Metals Recycling Rip-Off
Rather than the consumer trying to negotiate a selling price against experienced gold-dealers, failing and often settling for far less than spot market value The GramGold ATM will be set to pay a fixed percentage of the spot i.e. market price for gold. The rate will be set at a minimum 94% of spot price up to 45% higher than some consumers currently receive. No more rip-off!
Problem 3 – Precious Metals Recycling Security & Safety Issues
The GramGold ATM solves both issues at one stroke. Located in the most secure areas of busy indoor shopping malls, with heavy footfall and security, the GramGold ATM includes in-built CCTV, tamper alarm and 24hr 4G monitoring. The GramGold ATM is safe secure and cashless.
Problem 4 – Lost Asset Value & Adverse Effect on The Local Economy
Receiving more for their gold items will allow consumers more disposable income and therefore more spending power in their local communities, benefiting the local economy
If a GramGold ATM is set to pay to the consumer 94% of the market price where the average paid by a middleman could be even lower than 50% (wide variance from country to country AND if the turnover of the ATM is approx $1,456,000 per annum we can estimate that one ATM puts at least $700,000 back into the global consumers pocket.
If we sited 300 machines that would equal $210,000,000 back to the consumer
If we sited 3000 machines that would equate to $2,100,000,000 back to the consumer
An exciting development of the Gramgold ATM will be the ability to buy gold and silver via our ATM terminal using either cryptocurrency, bank card our token or by exchanging your scrap gold for safely secured bullion at very little charge. You can imagine a further saving to the global consumer of around, lets estimate, £3 billion for the purposes of this whitepaper.
Total Benefit to the Consumer in financial terms
$5,000,000 per annum+ ?
The Benefits – A Shorter Fairer Safer Multi-Beneficial Supply Chain!
atm4
Other benefits include…
Cashless transaction
Ability To sell Gold for any cryptocurrency including Bitcoin Ethereum GramGold
Ability to sell Gold via bank/credit card transfer
Ability in the Future to also buy gold via ATM
The GramGold ATM*
The architecture:
Safe Cabinets dimensions are 1.8 meters high, 0.75 meters deep and 1.2 meters wide.
Build Cost Phase 1 ATM – Gold only **
1 x Custom Spectrometer XRF Analyser $30,000
1 x Custom Laser Spectroscope $75000
Custom Inline Checkweigher Baling & packaging facility $10,000
Custom Internal Manipulator $5000
Built-in PC, touch screen, Linux o/s $2000
Armored box $10,000
CCTV/Security & Face recognition $3000
ID Scanner & QR scanner $3000
Hi-Tec Alarm System with 4G Monitoring $1000
Chip & Pin Reader for ATM $500
Receipt printer & Issuer $500
Custom Receiving Receptacle/ATM style Hatch $1000
Build, Adjustment and commissioning $5000
Total $146,000
*Pat. Pending
** Phase 2 ATM for all precious metals currently in design stage
The GramGold ATM Profit Centre Calculation
Estimated Gold Purchase per unit per annum based on (1KG per week at avg. purity 70% = 350g pure gold equiv x $40 x 52 weeks) Customer receives 94%* spot
$1,456,000
GramGold profit based on 3 % (i.e. 6% less 2% for refining costs & 1% for maintenance)
$43680
*This percentage will increase with further technological development
We have as a broad target in the first year of operation to install 30 units giving a target profit of c. $1.3million. In communities where no ATM is feasible the profit level will be approximately the same. I.e. increased cost due to overhead but likelihood of greater through-flow.
The Future
GramGold ATM’s Around the Globe
The launch of the first GramGold ATM will be in the Birmingham Jewellery Quarter, our local community, followed by as second ATM in Birmingham’s busy Bullring shopping centre. We are planning a rapid expansion after this initial launch with ATMs to be sited in all major shopping centres in the UK & the EU followed by Africa and Asia.
An exciting development of the GramGold ATM will be the ability to buy gold and silver via our ATM terminal using either cryptocurrency, bank card our token or by exchanging your scrap gold for safely secured bullion at very little charge. You can imagine a further saving to the global consumer of around, lets estimate, £3 billion for the purposes of this whitepaper.
