Quote from: GOLD_official on March 18, 2021, 07:54:48 AM

Quote from: Dowox on March 17, 2021, 05:10:59 PM

Quote from: GOLD_official on March 06, 2021, 08:49:43 AM

Quote from: Dowox on March 06, 2021, 07:28:35 AM

You mean you have bought Gold tokens and now pay commission for their holding? I see that at first you paid that tax every day, now you pay it in 10 days so they can change interval and amount of commission. Dude, I don’t want to upset you but you are robbing. There is no any practical use in holding such token or one day you’ll find out that you are out of tokens.
P.S.: Possibly I don’t understand smth and this is very promising project but if I were you I’d better get rid of this shitcoin as quickly as I can.

Dear Dowox,
Thank you for your comments.
Investors have some ways to store gold.
- Buy gold and store it at home. (The risks are understandable)
- Buy gold and store it in the bank vault. You should pay for this to the bank
- Buy gold ETF. You will be surprised, but you will pay an annual fee for holding that ETFs.
- Buy the GOLD token and pay the fee to Digital Gold LTD which also pays the fee for storing physical gold, not ETFs, in the BullionStar vault.
The choice is yours.
Regards,
Support Team @ Digital Gold
https://gold.storage

Sorry, maybe I was a bit impulsive, what you say is obvious but here is one thing. I want you to understand it. When I invest in physical gold (buy 100 grams for instance) and put it into real bank vault (no doubt I’ll pay commission for holding my physical gold in safe) when I'll came back in a year, two years, ten years or more, I’ll take back 100 grams of physical gold and no gram less.
However all investors that invest in your Gold, firstly, never saw that physical gold (so this project is totally based on credibility). Secondly, every 10 days they observe how their Gold vanishes. Thirdly, if one day someone of investors of this project will say: “I want to exchange my Gold coins on my physical gold that is stored in your vault!” What will you do?

Dear Dowox,
One more thanks for such posts.
You are completely correct. Storing physical gold in a safe deposit box is a good option.
However, from the point of investments buying 100 grams of gold does not make any sense. The spread will be around 10%. It will be equal to the GOLD token fee for the next 10 years.
More is that the rent of a small deposit box will cost you 30-50 euro a month. If you come back 10 years later you may not receive even 1 gram of gold back. All of its costs will go to pay for the rent.
Therefore, it is optimal to buy and store at least 1 kilogram of physical gold. Today it is about $ 55,000.
Investors don't really see the gold stored in the BullionStar vault. But it is the same that investors do not see gold when buying ETFs and they can't exchange it for physical gold.
Therefore, every investor who buys paper, physical or digital gold makes a decision based on many different conditions and desires.
Regards,
Support Team @ Digital Gold
https://gold.storage

Mr.Gold, I’ve just meant that investors pay holding commissions to the bank by fiat money so the general amount of their physical gold doesn’t reduce. For a while I thought that you also can take holding commission in some other crypto. To my mind it would be right but that will complicate your system. Nevertheless thank you for an interesting discussion.

Dowox

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