Gold AUS / AGS Silver Standard (Ainslie)

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

  1. SilverDJ

    SilverDJ Well-Known Member

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    66rounds likes this.
  2. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    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?
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    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

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    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

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    So you can't redeem your tokens for physical? Just more crypto/fiat bullshittery then.
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    It's so that you can effectively use gold and silver as easy to exchange digital currency, buy things, accept payments etc.
     

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