Sep 20, 2017
Gold Spot Prices, All Precious Metals & Related Assets
Your FREE source of Real-Time precious metals & gold spot prices today, plus a wide range of market & currency data with advanced interactive charting.
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Aug 20, 2017
Digital Gold Ltd & BullionCoin Assessment Update
As part of my customer due diligence on Digital Gold Ltd and their product BullionCoin, I have requested a comprehensive list of documents that cover their legal and operational framework and structure.
Digital Gold have been happy to supply the requested documents. These include things like terms & conditions of business, client account agreements insurance and signed agreements & terms with existing service providers.
One thing that I should have realised is that today a lot of terms agreed to are done by clicking an "I Agree" button or by ticking the box that says that you agree to the terms etc. I'm sure we've all seen that and similarly agreed in the same way with various providers.
So when I sent my request for "signed" documents, several weren't available as they were electronically agreed to as above.
To Digital Gold's credit, following receipt of my e-mail, they have gone back to the providers they made 'electronically' acceptances with and requested that each of those electronic terms and agreements be specially issued by paper to be signed by both parties. The various documents are in the process of being couriered around the world for this to be completed.
This has meant that my assessment will not be completed as quickly as I had anticipated which I was hoping to be done by around end of Monday 21st August.
As my review can only progress as fast as the documents I receive, I'm not able to give you a deadline of when it will be complete, however, this doesn't mean it's a never ending investigation. On the contrary, I'll give it one more week until the end of Monday 28th August and go with what I've had so far and highlight what's missing.
Unallocated vs Allocated
Digital Gold also told me that following the concern highlighted by ABX about their product being unallocated rather than allocated, they are getting their international law firm and international accountants to draw up a technical & legal document that shows why BullionCoins are fully allocated to their holders.
Own Geneva Vault
Furthermore, regarding concerns with them owning their vault (Geneva) - it's no longer an issue. This is because Digital Gold has arranged to replace ABX with Noor Capital as their provider of allocated wholesale bullion. Noor provide independent vaulting services that are both allocated and segregated, which Digital Gold are going to use.
The reason that Digital Gold arranged for their own Geneva vault was in response to the ABX confirming to them prior to the launch that ABX weren't going to accept or process incoming metals deposits and couldn't convert the metal into BullionCoins. Therefore organising the Geneva vault was an instant solution to that problem – but as I said, it's no longer needed or going to be used.
I'll keep you informed how things progress.
Managing Director of GoldVu
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Aug 17, 2017
Update on ABX's BullionCoin Statement
An initial update regarding ABX's BullionCoin statement and what is happening next in order to identify if ABX's statement is justified.
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Aug 16, 2017
BullionCoin's Response to ABX's Statement
Well, I never knew launches could be this exciting!!
What a roller coaster of events relating to BullionCoin.
I have spoken to the co-founders of BullionCoin and had an in-depth conversation with the ABX which involved several people including their CEO and Andrew Maguire.
All of those parties have had communications over many months that I have not been a part of.
Now that I have had both sides give me their version of events, I need to start my due diligence on what I have been told.
This will require further information from both parties to help me make an informed decision on what to recommend.
It will take me several days to pick through the various documents that I need to look at.
I don't want to make a decision based on what others are doing and saying.
I need to see the actual facts and details in front of me in black and white so I can make my own deductions and the right decision in the interest of both my clients and the potential investors interested in BullionCoin.
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Aug 15, 2017
ABX Withdraws Collaboration with BullionCoin
ABX withdraws from its collaboration with Digital Gold Limited (BullionCoin)
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Aug 14, 2017
BullionCoin LinkedIn Network Group
GoldVu has created a BullionCoin LinkedIn Group for professionals using, or interested in using BullionCoin.
It's there to help professionals and businesses connect and discuss all matters relating to BullionCoin.
We'll look at areas such as:
- Integrating BullionCoin into your operations
- How it can be used to benefit your clients
- Accounting and tax
- Creating new supply chains based on people using BullionCoin
- Developing and advertising new services and products related to BullionCoin
- + much more!
Feel free to invite people you think may be interested. The earlier you join the more of an expert and influencer you will become in your field and its relationship with BullionCoin!
Managing Director, GoldVu
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Aug 14, 2017
BullionCoin Launch and Next Steps
The 100% gold and silver backed digital currency, BullionCoin, is due for launch tomorrow (15th August) and it's when their white paper will also be released for public review.
So what's the timetable after that?
The following was sent from BullionCoin:
- "30 Days of Early Adopters" window will be open for pre-commitments applications of interested investors in the Primary Marketplace for BullionCoin creation. During which all interests will be collected, potential investors will be complete KYC and AML requirements and corresponding inactive accounts will be set up.
- After this 30 Days of Early Adopters window, private correspondents will be communicated with details on Subscription Execution that will entail completing documentation, activating wallets, funding account and placing purchase orders for BullionCoin contracts.
- Each Application will be treated according to its eligibility from the available incentive schemes.
So in summary, potential investors have 30 days to apply for their accounts and then another 30 days after that to complete their transfers to fund their accounts and make their purchases.
Our BullionCoin wallet creation page will be updated and made live as soon as we receive the full sign-up details.
Managing Director, GoldVu
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Aug 14, 2017
BullionCoin News With Live Social Media All on One Page
Conveniently read our BullionCoin News articles and follow & engage with Twitter's #BullionCoin feed + Facebook all in 1 page. Ask questions, miss nothing!
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Aug 10, 2017
BullionCoin Launch Reopens Nixon's Gold Window
When BullionCoin launches it'll coincide nearly to the day Nixon closing the Gold Window. Time to undo 46 years of error & pain and return to sound money.
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Aug 10, 2017
BullionCoin Newsletter & Back Issues Available Here
Get important updates and information sent to your inbox with our BullionCoin Newsletter to make sure you don't miss anything.
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Jul 26, 2017
Become a BullionCoin Merchant to Increase Your Profits
BullionCoin Merchants get PAID, not charged, for transactions they process. Discover how it works & what You Earn when accepting this digital currency.
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Jul 23, 2017
All BullionCoin Wallets are Created & Accessed Here
Open your BullionCoin Wallet now for corporate & private use. Get mobile apps & browser links for full access to Your account or email QR codes to others.
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Jul 20, 2017
How to Transfer Your Precious Metals to BullionCoin
Learn how to transfer your existing holding of physical precious metals to BullionCoin hassle free, even if it's in a poor state & stored insecurely.
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Jul 17, 2017
New Direct Deposit Process for Physical Precious Metals into BullionCoin
Due to the huge expression of interest by people wanting to transfer their existing precious metals holdings into BullionCoin, a new streamlined, hassle-free process has been implemented.
It turns out many people either haven't stored their precious metals in a secure restricted access vault or aren't in possession of the necessary documentation or certificates showing it was sourced from a primary dealer or refinery. This created issues about guaranteeing authenticity and lack of tampering.
To get around this, this new process has been implemented which will allow investors to transfer their holdings in time to be included in the Founding Investment Window, or anytime thereafter if they so wish.
BullionCoin has opened a vault in Geneva, Switzerland. Geneva will be the central location where incoming direct deposit bullion is going to be transferred to. At a later stage, a similar vault will be opened in Hong Kong.
The New Deposit Process
The new transfer process in place from now is:
- Brinks will collect your precious metals from where ever you are keeping them
- They will transport your bullion to a Swiss refinery (most likely PAMP)
- The refinery will re-refine your bullion into the following high grade investment products:
The refinery will then deposit your newly refined metal into BullionCoin's Geneva vaultUpon receipt into the vault, BCX will automatically create BullionCoins (digital title of ownership) against your metal and credit your accountThe cost of the refining and transportation will be deducted from your BullionCoin account
- 100 gram gold bars at 9999 purity (or 1 kg bars for large deposits)
- 1 kilo silver bars at 999 purity
The cost of the refining and transportation will be charged at cost only.
This process means that you don't have to make or arrange any payments, provide documents relating to your current holdings, or arrange the hassle of transportation.
If you have gold or silver that's in a state that you believe will mean you'll be offered a poor price for the precious metals content, then consider sending it to be refined into a top tier investment grade product. You will then be able to use the digital title of ownership (BullionCoins) that are created against your newly refined physical, to trade and transact like a currency.
If you are interested in this new service and want to transfer your precious metals into BullionCoin, then contact us and we will be happy to discuss your situation further.
Managing Director, GoldVu
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Jul 06, 2017
A Safe Digital Currency for Investors: BullionCoin
Identifying that BullionCoin is a safe digital currency is critical for all investors from asset managers to the public. See why its stability helps you.
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Jul 04, 2017
Engineered Precious Metals Market Action is Classic PsyOps
This deliberately engineered bear market has been grinding away since Sept 2011 and seems to be carefully crafted by the major central banks and implemented with efficiency by the major bullion banks.
The manner in which this bear market is being managed, is classic psyops.
The objective; to grind the (western) PM bulls' fundamentally positive outlook into dust, with counter intuitive declines; waterfall declines for no apparent reason - a bit like an unseen drone firing a missile at an unsuspecting enemy.
That action is then varied with sharp increases in price designed to lure back into the game, those bulls waiting patiently on the side-lines, only shortly thereafter to crush the price in a series of waterfall declines; the price action in the last several months of 2016 being a classic example.
Our opposition is the wealthiest, most powerful, and ruthlessly efficient financial leviathan the world has ever known.
This is a marathon, but the good news is; they are losing, and we are winning (with the unrelenting physical bullion demand from the East), although that often does not appear to be the case. It is human nature to focus on the day to day action. However, to maintain one's sanity and to keep things in proper perspective, one needs to stand back and use an objective mind and clear eye to look at the big picture.
Slowly, but surely, the declining availability of physical bullion is gradually impinging the bullion banks' freedom to push the price down with impunity using 'paper' gold and silver, despite their added advantage of HFT and algos.
This embryonic trend, in my opinion, will steadily gain traction with the passage of time, until the LBMA, Comex and Globex are forced to reset the Gold & Silver bullion prices as a result of their inability to meet the ongoing robust demand for physical bullion, or through a recognition that they need to retain a certain level of physical bullion inventory to meet the challenges that loom just beyond the horizon.
One also needs to keep in mind the increasingly tense geopolitical game that is being played out before our eyes on the global stage, of which Gold and Silver are considered by the East as a key element in the their vision for a stable future international financial system.
This game is for all the marbles.
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Jul 04, 2017
Bank Bail Ins on Their Way Back: Will You Suffer?
Living through the Cyprus 2013 bank bail in has given me a first-hand perspective that'll help you to spot & avoid the ones that are coming to affect you.
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Jul 03, 2017
BullionCoin Founding Investor Ambassador's Better Yield
Join as a BullionCoin Founding Investor Ambassador & get double yields rates for the lifetime of the coins you created in BCX's Primary wholesale market.
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Jun 28, 2017
Get BullionCoin Digital Currency: The New Gold Standard
Discover everything about BullionCoin, the 100% physically bullion backed digital currency. Learn how to create & buy it as an Asset Manager and Investor.
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Jun 28, 2017
Gold Bullion & Silver: Allocated Physical+Digital Forms
Buy gold bullion & silver worldwide as 100% allocated physical or as the digital currency form, BullionCoin. Use our global private vaults or e-wallets.
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Jun 27, 2017
BullionCoin Advantages & Benefits as a Digital Currency
Learn why the BullionCoin advantages & benefits help solve both the problems in the traditional banking & finance sectors and the cryptocurrency markets.
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Jun 27, 2017
BullionCoin Exchange's Primary Market for Institutions
Learn how the BullionCoin Exchange's primary wholesale & secondary trading markets work to the benefit of institutions, asset managers & large investors.
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Jun 21, 2017
Silver & Gold Spot Price Today in Global Currencies
Free real-time silver & gold spot price today shown in 47 different currencies worldwide. Track the value of precious metals in your local currency.
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Jun 20, 2017
Reasons to Buy Gold Bullion & Silver Through GoldVu
Clarity & transparency is critical in buying gold bullion. Learn what we do + our services & support to YOU when you purchase physical precious metals.
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Jun 02, 2017
Gold and Silver Price Approaching an Inflection Point?
Interesting developments by countries & markets indicate that the gold and silver price is well positioned to change to your benefit.
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