The G-DEM is a gold-based unit inspired by the former German mark (DEM), Germany's national currency before the euro. Its reference value was calculated using the historical DEM–euro conversion rate and fixed in January 2024. One G-DEM represents ownership of 0.0069 grams of physical gold.
Each G-DEM corresponds to 0.0069 grams of an LBMA-certified gold ounce, securely stored at our partner vault provider GVS Austria e.U. When you acquire G-DEM units, you obtain a clearly defined fractional ownership of physical gold.
This ownership is documented on the Gold Smart Chain in the form of a G-DEM unit, which functions as a digital certificate of ownership.
For every 4,508 G-DEM, you hold the equivalent of one full LBMA-certified ounce of gold.
You remain fully in control of your G-DEM units. Within the Gold Smart Chain, they can be transferred to other users or used for direct exchange of goods or services, should you choose to do so.
At any time, you may also return your G-DEM units to us and request a buyback at the current dealer purchase price of the underlying gold, with the proceeds paid out to your nominated account. There is no minimum amount required for buyback or payout.
G-DEM units can be exchanged into any other unit available on the Gold Smart Chain, allowing flexible management of your gold ownership.
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