Greetings!Tell us more about hedging risks?
Commercial producers and gold workers, like miners, jewelers, or the government, tended to use gold options, futures and ETF as hedging tools.
Today, a significant amount of investors like to use gold to hedge against inflation or to diversify their investments. In fact, gold became the one common investment of all metals and has a legendary history as commodity and coin. Like other commodities, gold depends on micro and macro economical and political events, so its value fluctuates along with these. GoldMint not only helps you cushion the risk of this volatility but also gives you the option of taking a short position in physical gold bullion, coins or mining stocks.
Here are some reasons why investors choose GoldMint:
You can hedge your investment in gold using the GOLD token. Doing so protects your gold from bearish conditions. Investors can chose to convert just a portion of their assets or all of it with this GOLD cryptoasset
Investors may want to invest in a minimal amount of GOLD to assess whether or not they profit
GOLD is based on real physical gold and therefore possesses far more face-value credibility than other cryptocurrencies, including Bitcoin, have.
The gold market/ gld returns look promising. GoldMint helps investors hedge their risks and promises more for their investments.
How can I get a loan with a golden ring for example?
1. User presses the Open button. The tray slides out. The user places a product in it, which gets loaded into the box.
2. The product put into the Custody Bot machine enters the spectral analysis block. A manipulator forces the product onto scales where it is weighed twice, once in air then in liquid.
3. Once inspection is complete, the manipulator returns the product to one of the compartments inside the Custody Bot.
4. The spectral data and weighting data are fed into a computer installed inside the box. This measurement data is encoded on the blockchain, made public to anyone who wants to see the information.
5. You get a loan in GOLD currency.
Can i recieve cryptocurrency or fiat loan from Goldmint?
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.
All members who have GOLD receive GoldMint Partner banks credit cards, aligned with VISA and MasterCard systems. To that end, GoldMint plans to create a special bank card called “ Bogatstvo ” for prominent pawnshops like “ Blago ” and ” Fianit “.
Process:
GoldMint loan applicants transfer their GOLD as collateral to a certain GoldMint infrastructure element.
The rate of the loan is established at the time of giving and remains fixed through the loan period.Applicants needs to consent to GoldMint loan terms to receive the loan.
Applicant is given various options for repaying loan amount and for mode of repayment.
If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.
Credit card limits are set according to the value of the user’s GOLD.These cards can be used for payment in shops, restaurants and cafes. Interest is accrued to unpaid credit debt. If this remains unpaid, GOLD reverts to GoldMint.
With regards,
team GOLDMINT
