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Debit card backed by physical gold?
CaptHenway
Posts: 31,564 ✭✭✭✭✭
Why am I skeptical? Article from the Denver Post
https://www.denverpost.com/2019/07/29/glint-pay-boulder-us-headquarters/
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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That is a hoot. Someone else holding your physical metal. How could that go wrong?!
and a debit card to boot.
nothing like the security those offer over credit cards.
No thank you.... I will continue to stack... and if it becomes necessary, there will be those who will accept gold for goods...Cheers, RickO
A gold backed Swiss bank account that can be spent anywhere MasterCard is accepted.
Certainly a lot easier than spending actual gold coins in the US.
Counterparty risk, yes, but this looks like a break into the mainstream
It's all about what the people want...
uh, yeh. Can't wait to sign up. Like you said... what can go wrong?
It is actually a somewhat interesting idea-from a user perspective, not conceptually different from maintaining an account and debit card with a Swiss bank and denominated in Swiss Francs. If I were expecting a period of high inflation and I trusted the backers, I might consider depositing about five years of living expenses.
Wow! I am stunned by the amount of trust towards giving a foreign country your PM's for a "Debit Card" and for a fee. Wow!
I'd go for it if it were Nigeria.
Nigeria has scads of potential millionaires who like Americans.
Sounds a little like goldmoney.com. Obviously it’s better to have physical possession, but I think that services like these may be useful now or in the future.