Regulated ERC20 Tokens Fully Backed by Gold

Gold is turning into one of the hottest investments of 2020, but it is also probably going to be a great place to be over the coming decades. CACHE Gold is an innovative company that offers investors and traders a solid way to own tokenized gold tokens.

CACHE Gold doesn’t sell gold-backed tokens – it is a Singapore based metals dealer that specializes in creating the CGT, which is backed by one gram of pure gold. As global governments and central banks look for ways to keep their systems afloat, gold prices are likely to rise sharply.

The company is fully regulated in Singapore, and CACHE holds license number PS20190001508 under the Precious Stones and Precious Metals Dealers (Prevention of Money Laundering and Terrorism Financing) Act (PSPM Act).

There are many good reasons why gold makes sense as an investment right now, and also why the CGT token offers investors a good way to hold tokenized gold, without any of the hassles of physical gold bullion.

CACHE Gold is Built for Investors

CACHE Gold CGT tokens are as close to gold as a digital investor can get without actually buying bullion. If you want to redeem your CGT – no problem. As long as you have 100 CGT tokens, you can pick up your gold at partner vaults, or opt to have the metal shipped to addresses in the USA and Singapore.

Of course, the real advantages of digital gold are the ease of storage, as well as transferring the tokens without barriers. CACHE charges 0.25% per year in administrative fees, and a 0.1% charge when tokens are transferred, when compared to physical gold these fees are extremely reasonable.

Ethereum-Based Architecture

CGT tokens are built on ERC-20 architecture, which means that most wallets will be able to store the token. If you want to put some gold away that isn’t going to need any additional custodial attention the CGT token could be a good way to go.

Aside from the 0.1% fee that is charged by CACHE, moving gold from one party to another is extremely simple with the CGT token….

Read More