How Gold Fits Into Modern Portfolios with Ashraf Rizvi & Anthony Scaramucci | #𝐒𝐀𝐋𝐓𝐍𝐘 | Summary and Q&A

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October 11, 2021
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How Gold Fits Into Modern Portfolios with Ashraf Rizvi & Anthony Scaramucci | #𝐒𝐀𝐋𝐓𝐍𝐘

TL;DR

Gilded is a company using blockchain technology to make physical gold digitally accessible, allowing users to buy, store, and transfer gold as easily as using a digital currency.

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Questions & Answers

Q: How does Gilded make it possible to buy, hold, and store physical gold digitally?

Gilded uses blockchain technology and a mobile app to digitize and fractionalize physical gold, allowing users to own the asset directly. Users can easily buy, hold, and store gold through the app, and their ownership is verified and audited.

Q: What is the benefit of using gold as a base asset in the cryptocurrency space?

By using gold as a base asset, Gilded aims to provide a stable store of value that is not controlled by any government or central authority. Gold has a long history as a store of value and has shown resilience against inflation, making it an attractive option for individuals seeking to preserve their wealth.

Q: How does Gilded protect against the erosion of fiat currency?

Gilded offers an alternative to fiat currency by allowing users to hold physical gold, which historically has provided protection against inflation. Unlike fiat currency, which earns little to no interest while facing inflation, gold has shown consistent returns over the years.

Q: How does Gilded's platform compare to traditional cash apps?

Gilded's platform aims to make buying and storing gold as simple and accessible as using cash apps. Users can sign up and create an account within minutes, and purchases can be made using debit cards, credit cards, or bank accounts. The transparency of blockchain technology also allows users to verify and see the gold bars they own on the app.

Summary & Key Takeaways

  • Gilded offers a platform where users can buy, hold, store, and send physical gold using blockchain technology and a mobile app.

  • The company aims to provide a secure and easily accessible way for individuals to store and preserve their wealth, especially in the face of eroding fiat currencies and inflation.

  • Gilded also aims to make sending money back home and cross-border trade more affordable and efficient, leveraging the transparency and traceability of blockchain technology.

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