Greetings!

Quote from: ahitman on October 12, 2017, 10:11:29 AM

How will amount of physical gold will be controlled?

All ratings are confirmed by bank statements which are encoded in blockchain by uploading relevant forms in IPFS to the blockchain, thereby recording ownership of the gold to GoldMint. These documents let the system check that GoldMint company owns X amount of gold. This X is checked by an auditor from GoldMint. This number is verified each month by an objective TOP5 audit company. Inspection confirms that the total number of GOLD cryptoassets in all wallets (Y) is less than the total number of X ounces of gold on the balance sheet.

Quote from: thisisnotmyltcusername on October 12, 2017, 10:16:06 AM

Does any person can trade GOLD for fiat?

You may be able to receive a cryptocurrency or fiat loan from GoldMint PTE LTD, using GOLD as collateral. All applicants will need to undergo the KYC* procedure.

Quote from: ianp on October 12, 2017, 10:21:04 AM

How physical gold will be stored?

Physical gold is locked-up in storage and rated according to its value:

Moodys - A2 and above.
Standard and Poor's - A and above.
Fitch - A and above.

With regards,
team GOLDMINT