Gold Wallet: Gold liquidity solution maker, doing internet

between ordinary investors and gold enterprises

When you think that the innovation of internet finance has come to an end, there are always some people jump out to prove that your imagination is too poor.

The "Gold purse" is an innovative solution designed to address the complexities of gold trading and circulation, creating liquidity between ordinary investors and gold-using enterprises. Simply described, the gold wallet is similar to the "Gold brokerage" + "gold Bank", in the gold trading market, individual investors and the use of gold enterprises to build a bridge of value exchange.

From the point of view of the gold brokerage, in addition to the official exchange (Shanghai Gold Trading Institute), the gold wallet packages a more personal experience client (ios/android), allowing ordinary users 0 thresholds (MAO), low cost (eliminating all kinds of transaction and processing costs), anytime and anywhere to buy gold, Greatly expanded the scope of gold trading, the role of a similar balance treasure to the Monetary Fund, great wisdom in the stock market. The gold wallet uses its own seats on the Gold Exchange to aggregate the user's buying and selling needs at hourly intervals, relying on its own cash and gold as a cushion to help users achieve an instant trading experience.

Another advantage of the direct link with the exchange is that it removes price opacity and intermediate costs in the offline gold circulation. Ordinary users through the offline channel to buy gold, the price is usually higher than the exchange of 10% to 20% (with the September 11 AU9999 gold as an example: the Exchange price of 245 yuan, and the same period under the line brand Jin Dian prices are around 300 yuan). The gold wallet is sold in electronic mode to ensure that customers can buy and invest gold at a lower price.

From the Gold Bank's point of view, the gold purse made a close to the gold p2b lending business. The user can through the gold wallet, will hand the idle gold to lend to the downstream gold enterprise (electronic components factory, and the jewellery production, the seller), lets originally does not live, even has to pay the custody expense the asset, becomes may live and flows.

In fact, gold borrowing is an industry chain that already exists online. Jewelry is a capital-intensive industry, all businesses want to use less money to pry more business volume, some jewelry brand shop as much as 40% of the inventory through the way to borrow money to obtain. Traditionally, the larger brands can obtain loan services from banks, while small and medium-sized brands can only resort to private "financial", or even the cash usury business, which costs up to 15% to 18% per cent (private "financing" more expensive). Gold money to get through the gold lenders and gold enterprises, let idle assets into operating assets, allowing small and medium-sized jewelry brands to 10% to 15% of the annual rate of gold borrowing. After the production and sales of enterprises to generate cash flow, and then through any channel to raise gold return to the lender. In this process, gold has realized the dual transformation of "money-raw material-currency".

Of course, the original as a value of the gold, the user's primary concern is security issues. The Gold wallet designs a set of wind control system, including the gold kind of trusteeship that the merchant bank provides, to the loan Enterprise's audit, to reconcile the risk rating system, the large gold wholesaler provides the guarantee and so on. In terms of the characteristics of gold itself, the immediate downstream business failure, inventory itself will not be lost, the platform and users can still have a variety of means of change.

At present, the annual interest rate offered by the gold purse to lenders is about 4% to 6% per cent, which will rise with the improvement of the Gold Wallet platform's loan-to-deposit ratio (deposit/loan). Pure from the investment value, the gold purse's profit and the risk is between the balance treasure and the peer-to-peer. Although the proceeds are temporarily close to the balance treasure, but compared to the balance treasure behind the Monetary Fund, gold investment in the fight against inflation is more obvious. As is known to all, the world is now in the midst of an inflationary process of currency excess.

Gold Wallet team from the financial and Internet cross-border background: Founder Yang 㟀 Gang has been in the Morgan Stanley IBD Department, and then transferred to the eastern Citigroup Securities Investment Banking Department deputy director, two co-founder Zhang and Zhang, the former from the famous human information company Towers Rui Wyatt, The latter has founded corporate social responsibility rating company run Ling Global (RKS), and technical director Shili, is a former Baidu senior research and development engineer, is also the PEA Pod personalized recommendation system research and development leader.