Dear tbct_mt2,
The annual fee for storing the GOLD token is 0.99%. The half of that amount goes to Bullion Star vault. You dont think that gold is stored there for free?
Moreover, if you personally kept gold there, you would pay more. The second half of the fee goes to different payments. It is clear that at the moment, 98% of all payments are paid personally by the founders of our company. A little bit later, as the amount of stored gold becomes higher, all the payments will be paid by the GOLD token users though the fee. Everything is exactly the same as in the futures gold market. When you purchase a gold ETF, you also pay an annual commission for owning an ETF. The most important difference is that ETFs are not backed by physical gold. We plan to receive further net profit, as ETF issuers get it.
But you can make everything personally. Buy gold, transport it, pay for storage, sale commissions, etc. For small amounts, expenses can be up to 100 percent or more of the purchased gold value.
Regards,
Support Team @ Digital Gold
https://gold.storage Dear GOLD_official,
You explanation is more than enough, with too many details and operational fundamentals of the storage procedures with Bullion Star vault as well as on ETF markets. You gave me some information I don't know, so I much appreciated it.
For the worry about fees, I don't have it. What I talked above is just to help to blow away any questions or worries about the fees (that is not expensive to care about). The personal steps you guided can only be applied for professional investors. For amateur, using the GOLD marketplace is the best, in my opinion.