Der G-AUD / 0.0083 g Gold

Each G-AUD represents 0.0083 grams of an LBMA-certified 1 ounce of gold, which is stored at our partner GVS Austria e.U. When you buy a G-AUD, you acquire a share of 1 ounce of gold in the amount of 0.0083 grams.

This share is represented in the form of a G-AUD coin on our very own blockchain, the Gold Smart Chain. This coin is considered a certificate of ownership.

You actually hold shares in one ounce of gold. The G-AUD merely represents a unit for easier handling of these shares. You have absolute authority over how you manage your G-AUD on the Gold Smart Chain, and it is within your authority to transfer and use it for trading (e.g. for goods and services) if you wish.

You can return your G-AUD to us at any time and have the dealer purchase price of the gold paid out by us to an account specified by you. We guarantee to buy back your gold!

In summary, you own one LBMA-certified coin (1 ounce of gold) per every 3,748 G-AUD.

The G-AUD can be exchanged for any other coin on the Gold Smart Chain.