You are viewing a single comment's thread from:
RE: How the Quint can be worth more than the spot price of Gold
That could be. The former economics student in me says that the value per five thousand Quints should, in equilibrium, be equal to the same price that I'd get five 1-ounce U.S. Eagle anywhere else.
Eg: As I write, Apmex sells a random-year Eagle for US$1,393.79 plus shipping. In the U.S. shipping is free, So, 5000 Quints should sell at the same price x 5, = $6968.95, minus the shipping cost (in the U.S.) for the Quint redemption. One Quint should be a wee bit less than $1.40 aon.
Of course, Apmex ain't the only venue and the U.S. is not the only country. :) The price of a Quint should be a rough average of the costs to buy and receive 5 Eagles over the gold-buying part of the world.
[I'd better stop before I draw an indifference curve...]
The Quint price is set by the US Treasury daily price of the US Gold Eagle proof coin. This carries a premium over the gold spot price on the COMEX. Quintrex is using the premium built into the proof coin to pay for perpetual vaulting of the coins. I give further details here: https://steemit.com/cryptocurrency/@ochbiak/crypto-as-lawful-money-the-quint