Gold AUS / AGS Silver Standard (Ainslie)

Discussion in 'Digital Currencies' started by SilverDJ, Jan 24, 2020.

  1. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    66rounds likes this.
  2. Soprano16

    Soprano16 Well-Known Member Silver Stacker

    Joined:
    Dec 28, 2016
    Messages:
    1,227
    Likes Received:
    986
    Trophy Points:
    113
    Location:
    Melbourne
    I saw this a month or so ago I think

    I just don't understand how there is any use/need for something like this?

    I get that they're offering another way of purchasing metals, but why on earth is blockchain technology needed for this?

    I just can't see how this is something worth investing in, unless I am missing something?
     
    leo25 likes this.
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
    If possible to convert to physical then this is a good alternative to the various dealer unallocated accounts available. Using Blockchain makes it anonymous for better management of tax liabilities.
     
  4. Soprano16

    Soprano16 Well-Known Member Silver Stacker

    Joined:
    Dec 28, 2016
    Messages:
    1,227
    Likes Received:
    986
    Trophy Points:
    113
    Location:
    Melbourne
    It says in the image above that it's stored in their vault, so you're not getting physical - I just cannot see how this would be of interest to anyone

    I guess the lack of volume/trading means I'm with the majority :D
     
  5. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
    So you can't redeem your tokens for physical? Just more crypto/fiat bullshittery then.
     
  6. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    It's so that you can effectively use gold and silver as easy to exchange digital currency, buy things, accept payments etc.
     

Share This Page