MELD Gold

Discussion in 'Digital Currencies' started by Stoic Phoenix, Nov 17, 2020.

  1. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    An Australian product called Meld Gold just launched on btcmarkets.
    The first $1,000 ,000 worth is being offered at spot price
    Redeemable for physical at a small cost at authorised dealers such as Meld.
    Redemptions aren't live but will be in about 2 weeks.
    You can digitise as well bring gold in to them and turn it into digital to sell at better rates.
    To learn more head to https://meld.gold/

    I have no affiliation with this, merely providing basic information and anyone interested can then do their own research & analysis
     
    kilo, mmm....shiney! and Ivykoin like this.
  2. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Looks like a scam... acn exists but no other company details or physical address... turn your physical gold to their own digital currency... pretty much throwing my gold to the sea...founder/MD person looks tacky...

    Pass... I’d rather sit on my bullions, thanks
     
  3. dozerz

    dozerz Well-Known Member Silver Stacker

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    if you want gold, buy gold.

    if you want crypto, buy crypto.

    dont mix the 2, they are not the same. plenty of centralised iou products to turn your paper into metals.
     
  4. madaw1

    madaw1 Well-Known Member

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    If you don't hold it (physically) you don't own it...
     
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  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Not a scam. There are real businesses behind the project. Not sure how they conclude that it is decentralised though which they argue is one aspect that sets them apart from say the Perth Mint or Pax.

    According to their white paper they're developing a stable coin 100% backed by decentralised metal holdings that can be converted/traded for physical at any of their partner facilities, or for fiat, or traded on an exchange or as a payment system for stuff via an app. They plan on expanding to newsagents in the future.

    My question is how does their proposed crypto help me make more money than the other similar products on offer? I can't see how it would (apart from the early spot offer).

    Thank for the info @Stoic Phoenix
     
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  6. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Understood that it is a business.. a new one infact and with no backing whatsoever, apart from bunch of 'photoshop' photos of some dudes with their credentials (their own words) on the page... Business can be insolvent within weeks, and creditors are getting their cut far early than clients... we've seen this before many times.
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The “backers” have been in business for years.

    Not that I’m endorsing the concept.
     
    Last edited: Nov 17, 2020
  8. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    on their white paper... wonder what's on their BLACK paper...
     
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Just ring him up and ask him:

    Screen Shot 2020-11-18 at 8.57.16 am.png
     
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