hi. As you know for sure, the Royal Mint is working on a projects where people can invest in allocated gold on their blockchain, with mininum commissions and storage costs.
My opinion in that Singapore is even a safer jurisdiction than London at the moment. However, hardly the Royal Mint's history and prestige can be ignored for a number of reasons. And if they can set small commissions, that's a big bonus.
I wonder, is there any advantage to invest in gold through Puregold instead of with the Royal Mint, location apart?
Hello,
At first, i want write something about PureGold.
Puregold offers two digital tokens, PGT and PGG, running on two separate ledgers. PGG works through a digitized cryptoasset whose cryptocurrency value is based on physical gold. Puregold sets PGG at the current market price for physical gold. The company uses physical gold (of 999.9 quality) as its security. Puregold’s gold reserves equal or exceed its circulated amounts of PGG.
Key differences between Puregold and other gold cryptocurrency blockchains include the following:
• First Payment Gateway using Gold backed cryptocurrency
• Puregold issues 2 tokens, called PGT for transactions; and PGG which is a
cryptoasset backed by physical gold.
• The physical gold are stored in a decentralized storage unit, The Safe House
Pte Ltd, which is a third party, separately audited security firm that Puregold
engages to identify and store investment grade gold, gold jewellery, small
ingots (up to 100 grams) and coins.
