Page 15 - Bullion World Volume 02 Issue 12 December 2022

Bullion World | Volume 2 | Issue 12 | December 2022

Gold has maintained its value If we can solve these issues, Gold Bitrue Exchanges. These tokens
from ages as against other can come back to the world again as are priced at the prevailing rate
currencies. a preferred investment of choice and for gold on international markets.
an alternative currency. This is where CGO offers complete transparency
Regardless of investors reasons for Technology and the actual use of wherein a reputed auditing firm
investing, Gold always has its shines blockchain comes into play. conducts regular audits to match
since our ancestral days and still the outstanding supply of CGO
continues to lure its investors. To optimize the benefits of Digital tokens and gives an audit report by
Gold with the security of physical the custodian about the physical
If Gold is so important, then why was Gold, we have introduced Comtech quantity of gold, ensuring that the
it replaced by a paper currency? Gold (CGO) which is a revolution in reserve of physical gold matches
the bullion industry offering investors the outstanding supply of CGO
Here comes the important question access to physical Gold in a tokens. All these Audited reports
about fungibility, transferability, tokenized form which can be bought, are available on the Comtech gold
security, and quality. sold, and held by investors through website to maintain full transparency.
their digital wallet.
• Small and Retail Investors are
To summarise it, Comtech Gold
the second largest group of gold
The investors get purchasing rights makes investment in Gold easy,
owners however their purchases
to real physical gold stored in secure secured and fungible thereby
of gold are impacted due to
vaults. This eliminates storage and removing the inefficiency of Physical
security and storage issues with
transport issues and is instantly Gold making it an ideal investment
physical gold being hard to store
accessible on a distributed ledger. option to all Investors.
and transport.
Digital Golds are easy to carry
• Traditional gold purchases have
and move around and available
added premiums as high as
24/7 for trade across the globe.
10% to 20% when sold through
The settlement happens instantly
retailers as the investor has to
in less than a minute. CGO is built
pay extra in the form of Premium
on the XDC Network, the world’s
in pricing, making charges and
first hybrid blockchain. Each CGO
production fees.
token is 100% backed by physical
• The costs for purchasing
gold through the DMCC Tradeflow
high-end jewellery can
warrants that carries its own audit
even go significantly higher
trail of its transactions. ComTech
depending on the required
Gold is a fully Shariah Complaint
work. Comparatively, investing
product, making it the first token of
in Digital Gold involves only
its kind and suitable for investors
the investment cost without
looking for shariah compliant
manufacturing costs.
investments.
Many of the Digital Gold products
One CGO represents one pure
in the market lack actual backing of
gram of gold that is fully backed,
Gold and only offer price hedging.
redeemable, and regulated. Gold
Most of these product offerings
comes in a standardized 1 kg bar
are not regulated and work on the
of 999.9 purity from internationally
element of trust with your local
recognized refineries. These physical
broker or Jewellery shop.
gold bars are stored separately
from other gold in the secured
All of this makes purchasing Physical
internationally accepted TransGuard
Gold expensive and less fungible
vaults and traded on leading global
and difficult to own.
exchanges Bitmart, LBank and

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