Let me share, ( a little network phrase ) about my journey to Quintric.
A little over a month ago I was watching the precious metals market just waiting to see when and how much to buy. At that moment in my search, I had been seriously looking at a monthly saving plan where...dollar cost averaging would help me find a sweet spot in the market volatility by default. Also, I was considering a "Fiat" card to divert some current holdings into a fund for liquidity purposes.
It was during my "due diligence" of a debit card for previous metals that I ran across, none other than UPMA. The Utah Precious Metals Association.
After several hours of reading and research, I made contact and registered online while waiting for a reply email from the back office. When to my amazement I didn't have to wait for a reply email. I got a phone call. I thought, hmm... service!
Of course, I asked a lot of questions. And, I received a lot of answers.
During the conversation, the upgrade to Quintric came up. After another wave of Q&A. I was convinced this was my answer to Precious Metals use for me.
Here are the boxes it checks off for me:
Tax friendly. I don't have to use an IRA account to remain in the zone for tax incentive purposes. Quintric is not crypto regulated by the SEC because it is based on, 100% legal tender US gold Eagles. Or Silver Eagles.
I can store/vault my money in the USA. And pay a one time fee. No recurring vaulting charges.
The way the Quintric team can do this is by basing the purchase price on a Proof Buffalo Gold Eagle $50 coin. This is also your value to base transactions on. The vaulting of your coin is the $50 American Gold Eagle. The difference in cost pays the lifetime vaulting price.
There's not a buy/sell charge. That is important because if I deposit $1000 into my account, that is how much funds I have available.
My money won't be fractionaliized and loaned out. It is all mine to keep secure. And I can have my coins sent to me anytime.
It is not FDIC. It is Lloyd's of London insured.
I will purchase gold or silver with paper and be able to bypass the "inflation tax" forever.
I can purchase/utilize as much or as little as I want. No minimum amount and no maximums.
Quintric is based on the Bitshares blockchain which makes it completely decentralized. Maybe my favorite advantage to Quintric. And I can convert to Fiat when I need to.
The decentralized, constitutional Gold coin is tokenized into Quints. A Quint is 1/1000th of a proof buffalo gold eagle. Price of a Quint is based on the US mint price of that particular coin. At the time I am writing this, a quint is $1.56. That is due to the mint price of a $50 gold piece. An Squint, the silver coin equivalent is a $1 silver eagle. A Quint is 1/20th of a slver dollar. This may be easier for you to calculate. The ratio of gold to divert is 50/1. The market ratio is around 80/1.
My search for the Gold Standard for my very own account purpose has ended.
Stay tuned for more about the International Crypto. The iQuint. Exciting opportunities available.
I don't work for Quintric and my view is my own.