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Gold’s Unprecedented Leap Into the Digital World_______________________________________________________________
As the world moves towards virtual currencies, it’s easy to forget about precious metals — but they’re far from disappearing into the digital abyss.
Precious metals, especially gold, have long been considered a “safe investment” because prices are generally stable. But, the way in which people store gold is completely out-of-date, given how far technology has come. This is 2017. Every single asset in your possession should be easy-to-access, and stored in a super secure manner.
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GoldMint — digital gold solution_______________________________________________________________
GoldMint is a blockchain-based platform, focused on gold-backed cryptoassets, aptly named “GOLD”. In the days of old, purchasing gold was a tedious, clumsy, and a downright insecure process: buying it from a dealer, then storing it in a safety deposit box. Goldmint recognized this atrocious, slow system, and created the ultimate solution: placing the precious metal on a blockchain.
In order to garner market share, they created an vending safety deposit box called “Custody Bot”. Essentially it stores and identifies gold, and gold-based items like coins and ingots up to 100 grams, without human intervention. By strategically planning tiered launches of Custody Bot in pawn shops, shopping centers, and then general high-traffic areas, GoldMint will obtain a larger market share and will be a convenient instrument to use for the general population.
Whether someone purchases gold through GoldMint, or through a dealer, it’s a very straightforward process to register it on the platform. Each GOLD is valued at the market price of an ounce of gold. For security, the platform uses Exchange Traded Funds (ETF) or physical gold of 999 quality. The platform itself is 100% transparent, and allows anyone to protect their gold assets, and easily move gold around the world.
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Eurasia Mining — platinum and gold mining_______________________________________________________________
Eurasia Mining is an international mineral exploration company, mostly focused in Russia. They target platinum group metals (PGM) — and gold. It mines millions of ounces of the latter metal every year. Currently, they’re in the throes of three large mining projects, with one focusing strongly on potential of near-term gold production levels.
Founded in 1996, Eurasia Mining has a hand in a slew of important mining projects. These include PGM mining in Northeastern Russia’s Kola Peninsula, which expects full-production by 2020. Additionally, they ran a trial mining period in West Kytlim — which boasted more than a million pounds profit in 2016 alone. Thanks to such phenomenal success, the company was granted a Discovery Certificate, allowing them to apply for and obtain an official mining license for the West Kytlim project. Expanding their efforts takes a team effort — more than just that of the mining company itself.
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Consequences of the cooperation_______________________________________________________________
GoldMint and Eurasia Mining are two companies focused on gold, and seemingly disparate in their goals. After closer examination, however, it’s clear they are after the same thing: bringing gold into the digital world.
Because the two companies are in the same game of precious metals, they’ve formed a unique partnership to advance their businesses and expand their ventures. Eurasia Mining’s current ventures are whirring away, and they’re looking to further develop additional projects with the help of GoldMint.
As it stands, the two precious metal-based companies seek to collaborate on future endeavors, with GoldMint financing a portion, or all of a given project. From there, GoldMint will manage part, or all of the mining process. Moreover, this partnership has the potential to affect current deals.
By fusing two businesses at opposite ends of the gold obtention spectrum, they’re bridging the gap in the most productive, secure manner possible. The effects of this joint venture will be felt worldwide, thanks to increased gold production, and availability of the Custody Bot machines in high-traffic areas, where gold is prevalent.
Currently, safety deposit boxes are front-of-mind when it comes to securely storing precious metals. So, the two companies are working together to break this societal-wide thought process. GoldMint’s targeted plan to to expand their Custody Bot machines will bring their blockchain-based technologies top-of-mind when securing gold. Physical safety deposit boxes will become obsolete, and GoldMint provides the digital answer for both banks and individuals.
This partnership allows a gold mine to truly market itself in such a way that people will almost immediately be able to secure their precious metals on a blockchain. Once it’s on there, the ability to move it back into fiat currency, secure a loan with gold as collateral, lend it through peer-to-peer transactions, and others actions will become infinitely easier to complete.
GoldMint’s blockchain-based platform, focuses on a specific cryptoasset: GOLD. Eurasia Mining is a large precious metals mining company, concentrated in Russia. Together, the two will skyrocket gold back into the digital mainstream. Security, efficiency, stability with precious metals — a common goal for all.
