Skip to main content

Gold goes digital: Dillon Gage introduces DGGold future of direct physical gold ownership, now available to investors

Addison, Texas (August 15, 2018) — Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and technology innovators in the industry, recently launched its first Digital Metals product: DGGold. This product is the first of its kind to be offered to the retail public through Dillon Gage’s growing precious metals dealer network. It is eligible for purchase on their proprietary online trading platform, FizTrade. DGGold, which utilizes VaultChain Gold powered by Tradewind, delivers an unprecedented method of direct gold ownership to the investment community, expanding on Dillon Gage’s already impressive lineup of product and service offerings.

“I am excited to introduce Dillon Gage Metals’ newest product to the individual investor and individual retirement account investment community,” said Mark Furmanek, chief operating officer at Dillon Gage Metals. “DGGold brings an investment product, previously dominated by large institutions and bullion banks, to its dealer network to satisfy individual investors’ needs.”

Unlike exchange-traded funds (ETFs), DGGold represents 100 percent direct ownership of investment-grade, pure physical gold. The title is maintained by a cryptographically-secure blockchain database that investors can utilize to verify ownership. The physical gold is securely stored in the vaults of the Royal Canadian Mint and is fully deliverable upon request at any time.

How Does It Work?

Through FizTrade, dealers connect with Dillon Gage Metals to conveniently and safely buy, sell, and store any quantity of investment-grade physical gold using blockchain technology — even fractional ounces.

100 percent of the gold is deposited in reserve as physical gold in the highly-secure vaults of the Royal Canadian Mint. Investors have complete ownership over their gold holdings and can request physical delivery in a variety of forms at any time.

Gold ownership is verified using Tradewind’s blockchain distributed ledger to ensure data accuracy and tracking.

How Does It Benefit Investors?

Unlike a gold ETF, there is no intermediate entity or fund, and no management fees.

Investors can purchase any quantity of physical gold, even fractional ounces. There are no associated storage fees.

Owners of DGGold can independently verify 100 percent ownership of the gold holdings and request physical delivery at any time.

For more information about DGGold, call Mark Furmanek, chief operating officer, at (800) 375-4243 ext.1152. Explore how the world’s leading precious metals trading platform can power your business at FizTrade. For more information about Dillon Gage Metals, please visit the company’s website.

Press release courtesy of Dillon Gage Metals.

❑

Follow us on Facebook and Twitter!

Comments

Post a Comment

Popular posts from this blog

Royal Mint Partners with NGC to Offer Certified UK Coins

The Royal Mint, the official mint of the United Kingdom, has partnered with Numismatic Guaranty Corporation (NGC), the world's largest third-party coin grading service. For the first time, The Royal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Post a Comment
Read more

Record High Gold Price?

This week, the price of gold reached an all-time high price against the U.S. dollar. It closed Wednesday this week on the COMEX at $1,953.50 per troy ounce, well above even intraday gold prices during the previous peak in September 2011. Gold had previously set all-time high record prices against almost every other world currency last week. However, this record-high gold price needs to be noted with an asterisk. The reason the asterisk is needed is that the value of the U.S. dollar itself has declined over the years. As a consequence, the price of gold this week, if compared to a U.S. dollar of consistent purchasing power, is lower than the previous peak price in September 2011 of about $1,924 and even further below the January 1980 peak of about $850. To give you some idea of the instability of the value of the U.S. dollar, just compare the M2 definition of the U.S. money supply, courtesy of the Federal Reserve Bank of St. Louis: January 1980:      ...
Post a Comment
Read more

Community Voice Response: Jan. 1, 2020

From the Dec. 13 Numismatic News E-NewsLetter What are your numismatic resolutions for the new year? Here are some answers sent in from our E-Newsletter readers.   One of my numismatic resolutions is to do what I can to make sure coin collector’s concerns are represented and NOT deep-pocket businesses. Ron Brown Address Withheld   My resolution is to encourage everyone in the world to never again buy from the U.S. Mint, considering the 2019-S Enhanced Reverse Proof fiasco. Steve McGowan Algonac, Mich.   First, I want to pay for the coins I purchased in 2019. Secondly, I want to pre-order my 2020 silver eagles graded. Merry Christmas to all! Timothy Kenyon Mechanicsburg, Pa.   One of my resolutions is not to end up with 20 2020 ASE’s in different holders/OGP/signatures as I did in 2019. Donovan Hamilton Address Withheld   We want to bring the enjoyment of the hobby to as many young people as possible and to keep the future of numismatics brig...
Post a Comment
Read more