Perth Bullion spin-off?

Discussion in 'Digital Currencies' started by bubblebobble2, Oct 11, 2019.

  1. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Yep, that is the case whether goldpass or unallocated, each minimal withdrawn are 1oz pieces.
    Buying and selling spread between both are apparently the same and the fabrication fees to take physical delivery are also the same between the different options.

    So, basically both are the same with the goldpass being more at your fingertips and more user friendly set up wise in relation to bank accounts linked to it etc.
    With the spread of buying and the fabrication fees, is it worth setting up these accounts? I see the advantage for me as I see it as a 'savings account' adding a little at a time and also not having the issue of holding physical.
     
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  2. SilverDJ

    SilverDJ Well-Known Member

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    If you don't need to trade with other people then there is no point in GoldPass, the unallocated (or allocated) depository option is what you want for a "saving account" type gold holding.
     
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  3. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    beyondfiat and 66rounds like this.
  4. nutshell

    nutshell Active Member

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  5. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Surprised you haven't heard of KuCoin before

    They're actually one of the more popular exchanges, and their token is within the Top 75 in terms of Market Cap

    Binance opened an AUD gateway recently too, so we don't need to use AUS based exchanges nowadays - well we have more choice now
     
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  6. pennys

    pennys Member

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    I lost a fair bit of ETH on Kucoin when it started probably exactly 2 years ago.

    2 problems I see here. 1st is there are already so many paper gold options (actually, wasn't there already a gold erc20 based on some singaporean mint - arb opportunity)? 2nd is PMGT is an ethereum asset therefore targeted at retail speculators instead of being a Liquid asset targeted at institutions.
     
    Last edited: Feb 26, 2020
  7. nutshell

    nutshell Active Member

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    Radar hasn't been looking in that area but recently I've been thinking about finding something else to do with some fiat.
     

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