Gold as an investment

Cointree Partners with Rush Gold | Get $20 of REAL Gold Bullion Free

Sep 29, 2022

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Get $20 Worth of Gold Certificate When You Signup and Verify @ Cointree

Associated CointreeAlex on 01/02/2022 - 14:07 cointree.com (142 clicks) Last edited 01/02/2022 - 19:28 by 2 other users

Huge news!

We’re always looking for ways to empower Australian investors and help them grow their investment portfolios. Whether that’s enabling them with powerful tools such as auto-trading or recurring buys, or helping them with premium phone and chat support.

And today, we have another exciting way to grow your portfolio with the launch of gold investment on our trading platform.

We’ve partnered with Rush Gold to become the first Australian crypto exchange to offer commodity investing alongside crypto, bringing the total number of assets to more than 260.

Why Gold you ask?

Gold is the world’s oldest asset and historically, gold has been a great hedge against inflation, holding its value in troubled times. So it makes sense to offer it alongside newer stores of value like bitcoin.

What’s on offer?

To celebrate this new investment option, we’ll be giving $20 worth of Gold Certificate (backed by physically stored gold) to people who sign up and verify their account before 11:59PM AEST, Sunday the 6th of Feb, 2022 using this link (cointree.com).

TCs Sign up and verification must be done by 11:59PM AEST, Sunday 6th Feb, 2022 to receive AU$20 worth of GOLDRG. You must use the promotional link provided in order to qualify.

Mod note:

You will not have physical access to gold. What you will get is a digitally-stored gold certificate, the value of which is backed by physically-stored gold. This is clearly spelt out in the FAQ. (cointree.com)

When you purchase [own] gold via Cointree’s platform, you are purchasing [getting] direct title to investment-grade gold, stored securely in Australian vaults, that is also insured by Lloyd’s of London.

Gold Certificate explained by Wikipedia (en.wikipedia.org)

A gold certificate is a certificate of ownership that gold owners hold instead of storing the actual gold. It has both a historic meaning as a U.S. paper currency (1863–1933) and a current meaning as a way to invest in gold.

Banks may issue gold certificates for gold that is allocated (non-fungible) or unallocated (fungible or pooled). Unallocated gold certificates are a form of fractional-reserve banking and do not guarantee an equal exchange for metal in the event of a run on the issuing bank's gold on deposit. Allocated gold certificates should be correlated with specific numbered bars, although it is difficult to determine whether a bank is improperly allocating a single bar to more than one party.

This post has been edited to remove references to REAL gold and REAL gold bullion. Please keep this in mind when you read the following comments and replies, and when you contribute to the discussion.


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