VaultChain Gold Just Launched by TradeWind Group. Gold Backed by Blockchain & Held Physically at the RCM / Royal Canadian Mint

in #steemsilvergold6 years ago (edited)


VaultChain® Gold lets you purchase gold digitally which represents physical gold held at the Royal Canadian Mint using blockchain distributed ledger for data accuracy, real time tracking and transparent abilities to audit.



GOLD:

INSURANCE FOR YOUR PORTFOLIO


It has long been known, that precious metals and gold particularly, represent peace of mind and excellent "wealth insurance".

In any portfolio, gold means diversification.

For most investors, that is a strategy for hedging against stock markets and their volatility, the instability of fiat money and currency , and geopolitical risk aversion.


The Future of Physical Gold Investing.


  • VaultChain® Gold isn't a security, derivative, future or other financial contract.

  • It is investment grade physical vaulted gold within the Royal Canadian Mint.



Four major gold producers have invested in the hopes, that a new digital gold market will bring millennials into the marketplace, and give it a boost.

Right in the last week of April 2018, new fintech startup Tradewind made the announcement that they raised $10.6 million in a strategic move.

Kitco Metals Report I looked at on this said:

The investment was led by Agnico Eagle (NYSE: AEM, TSX: AEM), IAMGOLD (TSX: IMG, NYSE: IAG) and Wheaton Precious Metals (NYSE: WPM, TSX: WPM). At the same time, existing stakeholders Sprott Inc. (TSX: SII). and Goldcorp (NYSE: GG, TSX: G) increased their investment in the company. Silicon-Valley-based venture capital firm Sapphire Ventures also became a new investor in Tradewind.


TLDR

About the 3 Companies Involved:


About Kitco


Established in 1977 and based in Montreal, Kitco has earned a reputation as one of the world's premier retailers of precious metals. Kitco offers a complete line of the highest quality bullion bars and coins for investors, Storage and refining services for the jewellery manufacturing industry. Considered to be the leading precious metals reference, Kitco's website (www.kitco.com) is visited daily by close to a million people around the world. The company has earned a solid reputation for itself as a leading innovator in the industry, being the first precious metals company to carry out its activities online and to create real-time market information, news, analysis and applications for smart phones.


About the Royal Canadian Mint


The Royal Canadian Mint is the Crown corporation of the Government of Canada responsible for the minting and distribution of Canada's circulation coins.

An ISO 9001-2008 certified corporation, the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale.


About Tradewind


Tradewind has built a technology platform for digitizing the trading, settlement, and ownership of precious metals. The Tradewind solution combines world-class exchange technology with VaultchainTM, Tradewind's blockchain technology tailored for precious metals. Tradewind was formed in 2016 and is managed by a team of professionals with extensive experience in electronic trading, market structure, gold investment management, market operations, cryptography and blockchain technology.


Sources:

http://www.kitco.com/news/2018-04-25/Gold-Miners-Betting-On-Digital-Gold-Market-As-Tradewind-Raises-10-6-Million.html

https://online.kitco.com/vault-chain-gold-using-blockchain/?utm_source=kitco&utm_medium=email&utm_campaign=promotion&utm_content=Physical+Gold+for+the+Digital+Age%21


Thanks for Reading.

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So you voted for your own 2 word comment but not the post itself??

The community here frowns upon that kind of behaviour.

That's really interesting. I'd still be a little skeptical when it comes to Gold and Silver, though. If you can't hold it, you don't own it.

Generally I agree.

This advances both markets, so as long as trust and liberty is actually protected, I am looking at everything that does those things.

True. As long as there is accountability it sounds like a great idea. As long as you were able to cash in the tokens for physical Gold whenever you want it wouldn't be much different than what I do to buy Silver/Gold now at http://ownx.com

Will check that out. I am a hound for info LOL

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