To be transparent
In case anyone is watching the GLD token and this account which holds GLD to back the token you will have noticed that I removed $100 HBD from the holdings. Why did I remove the money?
Well, a few things are happening.
$5 HBD was sent to
so he can continue his Hive to Real World investing experiment.
200 Swap.Hive was sent to
with the another 500 Swap.Hive to be sent a bit later. Those will be invested into EDSI, SURGE, and possibly PAKX tokens with their dividends being used to purchase GLD tokens to keep a strong buy side for it.
I will be adding $141 CAD ($100 HBD) into mutual funds which I will hold personally. I will treat it as a "loan" to the
and make regular monthly payments back into Hive. The "loan" has been used to purchase a Global Covered Call ETF with a ticket of ZWQT. The idea being that the monthly dividends will purchase HIVE and eventually "pay off" the loan that was made to the account.
Reason: I'm looking into ways that we can use GLD funds to purchase real world investments and have them repay back into Hive. It is still in the investigation stage but I think it would be a fun addition to Hive.
More details to follow but for right now.
If you actually make it down this far here is how I'll be working the loan.
- Funds are distributed to an account as HBD
- The funds are expected to be invested either into real world tools or real world investments to make some form of income.
- Half of the income is expected to be used to purchase HIVE
- The HIVE is delegated to
will pay out HBD tokens as a delegation reward to pay off the loan
- Funds then become available for the next person in line to get a small loan
- And the cycle continues