Each G-AUD represents 0.0083 grams of 1 LBMA-certified ounce of gold, which is stored at our partner GVS Austria e.U. When you purchase 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 blockchain, the Gold Smart Chain. This coin is considered a certificate of ownership.

For every 3,748 G-AUD, you own 1 LBMA-certified ounce of gold.

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 them for barter (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!

The G-AUD can be exchanged into any other currency on the Gold Smart Chain.