Gold goes digital: Dillon Gage introduces DGGold future of direct physical gold ownership, now available to investors

Addison, Texas (August 15, 2018) — Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and technology innovators in the industry, recently launched its first Digital Metals product: DGGold. This product is the first of its kind to be offered to the retail public through Dillon Gage’s growing precious metals dealer network. It is eligible for purchase on their proprietary online trading platform, FizTrade. DGGold, which utilizes VaultChain Gold powered by Tradewind, delivers an unprecedented method of direct gold ownership to the investment community, expanding on Dillon Gage’s already impressive lineup of product and service offerings.

“I am excited to introduce Dillon Gage Metals’ newest product to the individual investor and individual retirement account investment community,” said Mark Furmanek, chief operating officer at Dillon Gage Metals. “DGGold brings an investment product, previously dominated by large institutions and bullion banks, to its dealer network to satisfy individual investors’ needs.”

Unlike exchange-traded funds (ETFs), DGGold represents 100 percent direct ownership of investment-grade, pure physical gold. The title is maintained by a cryptographically-secure blockchain database that investors can utilize to verify ownership. The physical gold is securely stored in the vaults of the Royal Canadian Mint and is fully deliverable upon request at any time.

How Does It Work?

Through FizTrade, dealers connect with Dillon Gage Metals to conveniently and safely buy, sell, and store any quantity of investment-grade physical gold using blockchain technology — even fractional ounces.

100 percent of the gold is deposited in reserve as physical gold in the highly-secure vaults of the Royal Canadian Mint. Investors have complete ownership over their gold holdings and can request physical delivery in a variety of forms at any time.

Gold ownership is verified using Tradewind’s blockchain distributed ledger to ensure data accuracy and tracking.

How Does It Benefit Investors?

Unlike a gold ETF, there is no intermediate entity or fund, and no management fees.

Investors can purchase any quantity of physical gold, even fractional ounces. There are no associated storage fees.

Owners of DGGold can independently verify 100 percent ownership of the gold holdings and request physical delivery at any time.

For more information about DGGold, call Mark Furmanek, chief operating officer, at (800) 375-4243 ext.1152. Explore how the world’s leading precious metals trading platform can power your business at FizTrade. For more information about Dillon Gage Metals, please visit the company’s website.

Press release courtesy of Dillon Gage Metals.

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Comments

  1. Buzz Killington says

    But there WILL be delivery fees. If I were interested in this, and I’m not on iota, I would read the fine print very carefully. Who is insuring this product can be delivered is another factor.

  2. Brad says

    Reverse Proof Silver Coin Sets are “currently unavailable.” Do you think it was it the treasure hunt for the error Kennedy half that wiped them out?

  3. earthling says

    I’m thinking it was the quest for a ” 70 ” graded Block Island ATB Quarter. Seems like those have a small scratch or a couple scratches on the reverse that keep them from the top grade.

    I’m about to go grab my Glass and check my 10 Sets. If I find a few 70 candidates I’ll be happy I didn’t send them back.

  4. IJTR says

    Cryptographically secure blockchain database?
    Who says?
    Just throw me a rope, I am drowning in this stuff.
    Geeze….

  5. cagcrisp says

    AM Gold Fix $1,194.10

    PM Gold Fix $1,190.95

    As long as Wednesday’s PM Gold Fix is Under $1,200.00 we will have a Gold price Decrease on Wednesday afternoon…

  6. Jeffrey R says

    @Brad & @ earthling
    The sets are sold out or “currently unavailable” due to the incredible secondary market these coins are enjoying in PF70 state. The Lincoln cents are averaging $80-$90 (all bids not BIN) and the Kennedys are averaging $125-$150. Not to mention the dimes @ around $45-$50. Quarter sets going for $110-$120. There are two big sellers, crc-1 and kollectorz_inc, on the bay just raking in the moola….

    https://www.ebay.com/itm/2018-S-Silver-Kennedy-Half-Dollar-REVERSE-PROOF-NGC-PF70-POR-FIRST-RELEASES/312217465580?hash=item48b19c72ec:g:HDcAAOSwgTVbbJNS

  7. Brad says

    It seems that Earthling was right regarding the Block Island quarter in the reverse proof set. All of mine have anywhere from a couple to a handful of tiny scratches on the bottom of Washington’s neck. It looks to be the only one that suffers from this problem. How did the Mint manage to mess up so many of the Block Island quarters?

    No updated sales numbers on the Mint website today. No holiday to blame it on either, so was someone just asleep at the switch?

  8. earthling says

    Brad

    Well I looked at my 10 Sets and all of them have the scratch on GW’s Neck on the Block Island Quarters. From what I read, 70’s go for up to $600 ! Too rich for my blood. Got 17 more sets on the way- I might not open them. The things might be like a Scratch Off Lotto Tichket.

  9. Daveinswfl says

    All my RP sets have the infamous GW neck scratches to some extent. One is so bad ….. 3/4 of the width of the neck all the way up to the Adams Apple. Looks like a bear mauled him.
    Another set, just four little tiny ones at the very bottom of the neckline.
    Good luck to the rest of the gang!

  10. earthling says

    Wonder if the Mint will smile at returns based on severe wounds to George? But then…. .. they might be looking at 100,000 returns. Probably end up very badly to attempt any returns.

  11. CaliSkier says

    Daveinswfl, Brad and any others, are the scratches visable to the naked eye or does it require magnification? If so, what power are you using? After looking at the 5 I have, I’m luckily unable to see any flaws, thankfully. Would your bear mauled coins show up, If photographed? I feel bad for those, who’ve received poor quality examples!

  12. Mattarch says

    I saw the bear claws on mine using 10x power magnification with a light. The small scratches show up when you rotate and tip the coin so they catch the light.

  13. Daveinswfl says

    You can see that the coins are not 70s with the naked eye and tilting . To distinguish what the exact problem is generally requires magnification – I used a 10x loop. Then the bear’s claws are easily seen.

  14. Brad says

    Yes, the scratches are all visible to the naked eye when tilting just right to catch the light. My magnifier is in my office, so I won’t be able to look closer until tomorrow.

  15. cagcrisp says

    AM Gold Fix $1,196.85

    PM Gold Fix $1,196.65

    There Will be a Gold price Decrease this Afternoon and there Should be a Platinum price Decrease this Afternoon…

  16. cagcrisp says

    17AJ 2017 ATB SILVER UNC 5 OZ – EFF MNDS 16,955 +8
    17AK 2017 ATB SILVER UNC 5 OZ – DOUGLASS 17,651 + 27
    17AL 2017 ATB SILVER UNC 5 OZ – OZARK 17,464 +19
    17AM 2017 ATB SILVER UNC 5 OZ – ELLIS ISLAND 17,667 + 2
    17AN 2017 ATB SILVER UNC 5 OZ – G R CLARK 14,731 –
    18AJ 2018 ATB SILVER UNC 5 OZ – PIC ROCKS 17,192 +42
    18AK 2018 ATB SILVER UNC 5 OZ – APOSTLE ISL 15,616 + 40
    18AL 2018 ATB SILVER UNC 5 OZ – VOYAGEURS 14,712 +142

  17. cagcrisp says

    16EA 2016 AM EAGLE SILVER PROOF 1 OZ 591,764 +204
    16EB 2016 AM EAGLE GOLD PROOF 1 OZ 24,210 +8
    16EC 2016 AM EAGLE GOLD PROOF 1/2 OZ 5,991 + 5

  18. cagcrisp says

    17EA 2017 AM EAGLE SILVER PROOF 1 OZ 382,785 +272

    17EB 2017 AM EAGLE GOLD PROOF 1 OZ 9,009 +2
    17EC 2017 AM EAGLE GOLD PROOF 1/2 OZ 2,481 + 5
    17ED 2017 AM EAGLE GOLD PROOF 1/4 OZ 4,494 +5
    17EF 2017 AM EAGLE GOLD PROOF 4-COIN SET 9,813 –

    17EG 2017 AM EAGLE SILVER UNC 1 OZ 176,739 –

    17EJ 2017 AM EAGLE PLATINUM PROOF 1 OZ 8,890 –

    17EL 2017 AM BUFFALO GOLD PROOF 1 OZ 15,810 –

  19. cagcrisp says

    18EA 2018 AM EAGLE SILVER PROOF 1 OZ (W) 300,919 +2,758

    18EB 2018 AM EAGLE GOLD PROOF 1 OZ 4,446 +106
    18EC 2018 AM EAGLE GOLD PROOF 1/2 OZ 1,502 + 38
    18ED 2018 AM EAGLE GOLD PROOF 1/4 OZ 2,541 +73
    18EE 2018 AM EAGLE GOLD PROOF 1/10 OZ 9,477 + 248
    18EF 2018 AM EAGLE GOLD PROOF 4-COIN SET 6,285 +35

    18EG 2018 AM EAGLE SILVER UNC 1 OZ 115,030 + 1,060

    18EH 2018 AM EAGLE GOLD UNC 1 OZ 7,017 (11)

    18EJ 2018 AM EAGLE PLATINUM PROOF 1 OZ 11,051 + 54

    18EL 2018 AM BUFFALO GOLD PROOF 1 OZ 12,041 +198

  20. cagcrisp says

    Medals still getting a Bid…

    18CA 2018 WWI CENTENNIAL SILVER PROOF 53,561 + 399
    18CB 2018 WWI CENTENNIAL SILVER UNC 19,440 +81

    18CC 2018 WWI CENTENNIAL COIN & MEDAL – ARMY 15,321 +241
    18CD 2018 WWI CENTENNIAL COIN & MEDAL – AIR SERV 12,142 +163
    18CM 2018 WWI CENTENNIAL COIN & MEDAL – NAVY 11,964 + 155
    18CN 2018 WWI CENTENNIAL COIN & MEDAL – MARINES 12,275 +187
    18CP 2018 WWI CENTENNIAL COIN & MEDAL – COAST GRD 9,137 +134

  21. cagcrisp says

    18CE 2018 BREAST CANCER GOLD PROOF 9,514 +37
    18CF 2018 BREAST CANCER GOLD UNC 4,042 +11
    18CG 2018 BREAST CANCER SILVER PROOF 30,010 + 218
    18CH 2018 BREAST CANCER SILVER UNC 11,005 + 57
    18CJ 2018 BREAST CANCER CLAD PROOF 16,430 + 69
    18CK 2018 BREAST CANCER CLAD UNC 9,835 +52

  22. cagcrisp says

    17XA 2017 AM LIBERTY 24K GOLD 1 OZ 28,880 + 65
    17XB 2017 AM LIBERTY SILVER MEDAL (P) 55,186 –
    17XC 2017 225TH ANN ENHANCED UNC SET 210,419 –
    17XD 2017 AM LIBERTY SILVER 4-MEDAL SET 31,342 +90

  23. datadave says

    Looks like the 2018 Silver RP set will sell out after all. Probably will become available for short periods of time, but a sell out is very likely. That is the best sales news lately.

  24. John Q. Coinage says

    Putin may be a savior !??
    Russia has been selling US government debt and buying gold. A lot of gold.

    Official data show the Russian central bank increased its holdings of gold by nearly 29 tons in July, the largest monthly increase since November 2017.
    Content by MyFinance

    The central bank previously added 20 tons in May and 17 tons in June. Its total holdings of the precious metal have increased 37% since the start of 2016, and are now worth an estimated $76 billion.

    The gold purchases have coincided with a dramatic reduction in the central bank’s ownership of US government debt, which plummeted 84% between March and May to just $14.9 billion. Treasuries now make up only 17% of reserves at Russia’s central bank.

    Eugene Chausovsky, senior Eurasia analyst at the geopolitical intelligence firm Stratfor, said the gold purchases were designed to decrease Russia’s exposure to the dollar at a time when the relationship with the United States remains tense.

    Moscow may also be worried that sanctions could prevent it from selling US Treasuries in the future or stop Russian banks from using dollars to conduct transactions.

    “Russia has an interest in insulating its economy as much as possible from the US dollar in anticipation of stronger US sanctions,” Chausovsky said.

    Finance Minister Anton Siluanov said earlier in August that Russia would continue to sell US debt in response to sanctions.

    “We have significantly reduced our investment in US assets,” Siluanov said. “In fact, the dollar, which is considered to be the international currency, becomes a risky tool for payments.”

    While it did not respond to a request for comment on Wednesday, the central bank has previously said it was looking to diversify its portfolio.

    Russia has surged up the list of countries with the largest gold holdings, surpassing China earlier this year, according to the World Gold Council. The United States is by far the largest holder of gold with 9,000 tons.
    russia us debt chart ……

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