Biggest gold secret flying under the radar
By GCRU Gold News on Friday, May 25 2018, 11:33 - Permalink
Gossip Topic #5: The Gold bullion that will be backing the Dignity (DIG) token. There was a big stir in the Telegram groups about the wording of paying off “bullion debt” towards the gold in a communication sent on May 8th.
Fact: Arbitrade is acquiring $8.7 Billion worth of the four bullions (gold, silver, platinum, and palladium) that will back the company's four major tokens. An $8.7 Billion acquisition is a huge amount of money, in fact, it is at least three times larger than any ICO to date, especially considering Arbitrade chose not to hold an ICO and has been funded by friends, family, and insiders up to this point.
This gold acquisition is similar to that of a house purchase and a mortgage:
In a nutshell, the entities that are selling us the bullion are giving us title upon closing, meaning we own it like a person would if they purchased a house. Then they place a debt against said bullion under a structured financing over a certain period of time, which would be similar to a mortgage. 50% of the daily mined proceeds is applied to that debt. The only difference between a house mortgage and the Arbitrade bullion acquisition is that every day a certain amount of the bullion becomes wholly owned by the tokens each of the four bullion represents.
This wholly owned bullion is what can be redeemed each year during the utility token swap period if desired.
The payback period of the bullion will be extremely aggressive as Arbitrade is lining up the largest deal ever placed for mining rigs in the history of the industry, with Coin Miner. Coin Miner has developed a GPU mining rig with 600 hash power and running at a low wattage, which makes these one of the most powerful mining rigs on the market.
The Nelson Mandela golden hands acquisition was a way the company decided to kick off this monumental event and mark many great things for years to come. Although the company paid $10 million for this acquisition, along with the company, many high-end artifact/art collectors and appraisers believe that these hands could be worth over $50 million in the years ahead. This makes for a smart investment towards the Dignity gold holdings and to mark the company’s objectives to help everyone in need globally over the next several decades and our symbol, like Nelson Mandela’s, to fight for equality, health and happiness.