Token holders will be paid in other crypto tokens. Our plans see us paying the quarterly royalties in ETH. Also, we have an option to buy back the tokens, yes.

https://www.ccn.com/why-ethereum-co-creator-believes-days-of-1000x-crypto-growth-is-gone/

I was reading this article where Vitalik Buterin was saying that cryptocurrencies need to move from being speculative tools for millionaires to being integrated in genuine economic activity. I reckon Goldma is ahead of the curve with this one. The GMA token is tied to veritable production. All of you guys who are participating in our ICO are participating in the extraction and marketing of real gold.

That movement is exactly what we're aiming to get going. I hope more and more people come to join the party!

Yeah. It's that education that I hope to help out with. I'm no financial advisor but i think it can't hurt to look back into history and understand money. Whenever I mention that there is a difference between money and currency, people are sort of dumbfounded. That, to me, is a sign that our education system is doing a poor job making sure that people go into their adult lives with a keen understanding of finance.

We're playing our part and there's a short video coming out that succinctly explains monetary history and how it affects all of us as individuals. Be on the lookout for that.

I overhead a conversation this morning. 'Twas about the hyper-inflationary episode we went through in Zimbabwe, about a decade ago. One gentleman said to the other, 'imagine working for well over 20 years and your entire pension coming to naught.' I couldn't help but feel a visceral reaction. That, to me, is the result of people not being educated about the financial system.

Humans are really bad at noticing dangers that creep up on us. We end up like the proverbial toad in a pot of hot water. Usually, by the time we realise something is bad, it's too late.

The fiat 'monetary' system is only good for transactions at best. But as a long term store of value, I reckon it's useless. It's that realisation that is Goldma's foundation. Hard working folks around the world deserve a way out of the trap. They have to be able to hold on to the value they worked so hard for. I believe the GMA token is one of those ways.

There is quite a lot to look forward to. Exchanges are one thing; I'm looking forward to the first royalty payment. I can only imagine how happy everyone who is participating in this ICO will be. As I always say, this project is great. Nowhere else can you get involved in gold production and marketing as easy as what Goldma is offering.

Hear hear!
The change is dramatic. At least to those who can see it. Look, a lot of people are shy to call their tokens security tokens for reasons I won't get into here. However, the GMA token is unique not only because we are honest about ours being a security token, but there's a viable cash flow associated with holding the token.

Let me flesh that out a little more. If you buy many of the tokens that are out there on the market, financially speaking, your bet is that it increases in price and then you sell it off. You don't get another benefit to holding the token. With the GMA token, though, you get a quarterly payout. That means you benefit in two ways: the price of the token is likely to go up on the open market AND you get that return while the price is going up.

Hello.

I need help. Every time my friend attempts to post a response to a topic, she receives the error message: "The last posting from your IP was less than 360 seconds ago. Please try again later......"
Trying "later" and/or trying from different IP or not posting for days has not made a difference. She always get the same message. Can anyone assist please?

There's definitely good news coming!

I'm glad you see this. Many people are, too! Financial returns are great but the way in which they come is equally important. We definitely want to create an opportunity for financial value for our investors! That's important. We also want to create value for the community around us. Goldma has to be synonymous with progress (in many different senses of that word) and greater prosperity for all involved. Anything less wouldn't be revolutionary 

I'm tempted to think that that beats just holding on to gold. If you buy physical gold, you only get the benefit of hedging, so to speak. But with GMA tokens, you get a return on your investment. I'm pretty sure I'll sound like a broken record but there's a functional gold mine behind all of this. That, in turn, means profits. It is from those profits that GMA token holders get a share.

It's a no brainer, if you ask me.

Because you brought Bitcoin into the mix, I can't help myself. Remember that article that said Bitcoin could go to zero? Long story short, I can't see that happening with the GMA token. If gold itself hasn't gone back to zero, how can a token backed by gold production lose all its value? You're right. The wise will invest now. It's easy to anticipate the GMA token rising in value (and price) as time goes on and more people realise its worth as well as the worth of gold.

Quick question. Do we have anyone here who cares about Corporate Social Responsibility? More directly, does it influence which ICOs you'll invest in?

The second point is very important! The value of gold, as far as I can remember, has never fallen to zero. Paper assets can fall, and indeed many have fallen, to zero. But instead of just letting gold bars gather dust in a vault somewhere, ain't it great that people can invest in gold production now? It's the best of both worlds: the historical stability of gold with the returns from a living, productive company.

You know what? Unique is an understatement. Words are thrown around so much these days that they lose meaning. There really is nothing quite like it in the crypto market today. The value of the token, as you rightly say, will most probably go up quite a bit. The 5% quarterly royalty is great as well.

I'd be willing to bet my bottom dollar (or is that bottom GMA token?  ) that in some respects investing in this ICO is better than holding gold in a vault. That's for two reasons: no storage costs and that 5% quarterly royalty payment you pointed out.

For sure! That dramatic loss of value is hard for many to grasp. I suppose it's because the drama didn't unfold instantaneously. Rather, it was incremental and over a considerably long period of time. Permit a seemingly odd aside. The human brain finds it difficult to understand incremental change. Our brains notice instant change much better.

However, the important change happens, drip by drip, over a long period of time. That's what happened to the dollar. Drip by drip, year by year, there's been an erosion of the dollar's value. Shifting away from the US for a minute, imagine what happens to other countries' currencies. Go look at the rate of inflation in Venezuela. Remember what happened in Zimbabwe. Fiat currencies are bad instruments of holding value over the medium to long term.

Yet another thing to remember is that your financial objectives may differ quite violently to those of the central bank in your country (or of any country in the world for that matter). Let's say they're tasked by the government to increase employment or 'boost' economic activity. They may turn to increasing the supply of money (by manipulating interest rates) in the economy. The result of that is decreasing the value of your currency holdings. The changes may not appear big in the moment but, rest assured, over time, you will lose a sizeable chunk of value.

Oh yeah! Transparency is a major thing! Goldma is transparent because there is a solid belief in metrics here. Promises have to be measurable and then quantified. That makes it easy to see what's actually happening. The reports about what's happening at the mine will be available.

Obviously I can't ignore the hard data you're alluding to. The US Dollar has lost an incredible amount of value ever since 1971, when former US President Nixon did away with the gold standard. Beyond ease of transaction (only one of the requirements we expect from money), the American Dollar isn't worth very much. That's a shock to a lot of people but imagine this: if you had US$100 in 1971, it'll only be worth about $2 today (not a great store of value!!). Inflation is REAL!

Thanks! It's very very likely that the profits will be impressive. It's well worth paying attention to this project. To the best of my knowledge, there's no other project quite like it. Instead of buying gold from elsewhere, the value underlying the GMA token is mined right out of the ground. For investors, this means a much greater probability of success, and high returns as well. As I said, a project well worth paying attention to.

So much could be said about fiat currencies. It's well worth repeating that all of them have collapsed. They, fiat currencies, may be useful for transaction but they've never been great for storing value. Storing value is one of three functions of money. Basically, gold can do that but fiat currency can't.

Another interesting thing to note is that, historically, and I'd bet even to this day, some of the biggest players in the gold market are central banks. They've used gold to settle their obligations to one another. That alone makes me think that gold is extremely valuable not only for its industrial (circuitry for electronics, connection jacks, etc) uses but for acting as money, the real money: an instrument in which one can store value over a long period of time.

Hey Mark, I hope you're having a good day too. I'm very happy that you've had a look through our business and were pleased with what you saw. The aim is to get more and more people around the world a solid means of holding onto the value they worked hard for. Not only that, they should be able to transfer that value, with ease, at any time of the day. That's the work Goldma is undertaking.