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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 167177 times)
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September 28, 2017, 11:32:36 AM
 #2241

Greetings!

Does any person can trade GOLD for fiat?

You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC* procedure.

How physical gold will be stored?

Physical gold is locked-up in storage and rated according to its value: 
                 Moody’s ​-  A2 and above.
                 Standard and Poor's​ - A and above. 
                 Fitch​ - A and above.

What about GOLD exchange rate?

Emission :1 GOLD = cost of 1 ounce of gold on stock exchanges + 5% commission for fiat-GOLD-fiat – no more than 4%
Buyback: 1 GOLD = cost of 1 ounce of gold on stock exchanges +  max. 5% commission for fiat-GOLD-fiat– no more than 4%

With regards,
team GOLDMINT

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September 28, 2017, 11:38:18 AM
 #2242

What is ETF?
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September 28, 2017, 11:45:26 AM
 #2243

How GOLD is connected with real gold?
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September 28, 2017, 11:52:27 AM
 #2244

what is gold?
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September 28, 2017, 11:57:26 AM
 #2245

sorry, to complicated and fishy for me
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September 28, 2017, 12:03:15 PM
 #2246

Greetings!

What is ETF?

ETF (Exchange Traded Funds) - An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

The three most popular ETFs are “Spiders” (ticker (NYSEARCA:SPY)), “Diamonds” (ticker (NYSEARCA:DIA)) and “Qs” or ""Qubes"" (ticker (NASDAQ:QQQ)).

Top ETFs for gold can be found on ETFDB . The commission for the management of a portfolio of gold is 0.2-0.8% per annum, depending on the volatility of gold and the inflow / outflow of investors. After analyzing the correlation between the value of gold and the stock price of the three largest ETFs - the GLD (announced expense ratio 0.4% ), the IAU ( 0.25% ) and SGOL ( 0.39% ) - we estimate that the real backlog of ETF shares in physical gold is about 0.7% (prices are taken from COMEX on the LME ). Commissions and broker commissions are taken into account in calculating our commissions for GOLD.

How GOLD is connected with real gold?

GOLD  is  a  crypto  asset  issued  by  GoldMint  that  uses  the  current  price  of  gold  set  on  the LBMA exchange   at the time of sale. 

                        ●   Equal to one ounce (31,1035 grams) of gold (999 quality) 
                        ●   Shards into 100,000 parts. 
                        ●   Commissions are given in GOLD.

Information  is  transmitted  to  the  blockchain  ledger  about the number  of  ounces  of physical 
gold or ETFs owned by GoldMint. ETF is bought on  he  stock exchange NYSE, Arca​ and subsequent  information  is publicized on GoldMint’s decentralized blockchain, making  it   transparent  and open to all members. Statements are received from the depositary (electronic or printed). 

All physical gold owned by GoldMint exists in the following forms: 

               a.   Manufacturer-certified bullions   
               b.    Gold coins 
               c.   Gold jewelry 
               d.   999 quality granules, stamped by manufacturer

what is gold?

GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)

With regards,
team GOLDMINT

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September 28, 2017, 12:08:59 PM
 #2247

how is the gold asset backed by gold?
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September 28, 2017, 12:16:22 PM
 #2248

what is an etf and how can it back gold?
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September 28, 2017, 12:21:07 PM
 #2249

where does goldmint store its physical gold and which etfs back gold cryptoassets?
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September 28, 2017, 12:26:06 PM
 #2250

Common Sense Ideas == Good Ideas; We will definitely get on the horn with them
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September 28, 2017, 12:35:03 PM
 #2251

Greetings!

how is the gold asset backed by gold?

All of GoldMint's GOLD is backed by the reserves of physical gold or ETF that GoldMint has in its reserves. If there's not enough gold in GoldMint reserves, the company buys extra gold or ETFs in Switzerland.

what is an etf and how can it back gold?

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs offer low-cost diversification, trading and arbitrage options. New ETFs range from several dozen to hundreds in any particular year. They can be used to back GOLD, since there is a high demand for ETFs in the gold market. Top ETFs for gold can be found on ETFDB.

where does goldmint store its physical gold and which etfs back gold cryptoassets?

GoldMint's gold is locked up in its storage reserves. The amount of gold and the ratings of this gold are confirmed by bank statements which are uploaded in the GoldMint blockchain to guarantee transparency.

With regards,
team GOLDMINT

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September 28, 2017, 12:40:06 PM
 #2252

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)
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September 28, 2017, 12:46:17 PM
 #2253

will there be any auditing of goldmint assets?
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September 28, 2017, 12:50:12 PM
 #2254

how can i buy gold?
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September 28, 2017, 12:55:26 PM
 #2255

Yes, this is a good idea
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September 28, 2017, 01:00:34 PM
 #2256

Greetings!

could you give us an example number of the cost storing gold? (e.g. in the usa or switzerland)

The average fee for storing physical gold is 0,25% from its estimated value a year.

will there be any auditing of goldmint assets?

An auditor from an objective TOP 100 audit company checks GoldMint's accounts each month and confirms that its gold reserves tally with its accounts and with its GOLD emission. On top of that, GoldMint has its own GoldMint internal auditor check its accounts several times a month.

how can i buy gold?

People who want to trade GOLD for fiat or cryptocurrency need to undergo GoldMint's KYC procedure. You can also get GOLD when you transfer your physical gold to Custody Bot or to GoldMint’s partner banks.

With regards,
team GOLDMINT

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September 28, 2017, 01:09:25 PM
 #2257

some people may wonder if they can exchange the gold token with the real gold bars. how are you going to explain this?
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September 28, 2017, 01:13:10 PM
 #2258

what can i do with gold assets?
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September 28, 2017, 01:18:21 PM
 #2259

how is gold emitted?
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September 28, 2017, 01:24:07 PM
 #2260

nice work
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