BPG Plc.

[BPG_XAU]

One more way to cash out your bitcoins: use the #GateHub service allowing you to instantly convert your digital money into XAU IOUs. BPG.XAU IOUs are redeemable in #gold. Minimum redemption amount is 10 XAU in its multiples. Terms and conditions apply https://goo.gl/V2JsaA

[xh3b4sd]

What has this to do with Ripple or XRP? 

[at3n]

10 minutes ago, xh3b4sd said:

What has this to do with Ripple or XRP? 

It allows you to buy gold IOUs with any currency in your Ripple wallet.

And withdraw it to actual gold, which is sort of cool.

[BPG_XAU]

When you withdraw gold bullion bars (Heraeus 10 g bars) from the Gatehub you redeem the IOUs issued  by BPG Plc. (BPG.XAU). On Gatehub you can trade BPG.XAU vs XRP, BTC, ETH, REP, QAU, DASH (IOUs issued by GateHub Fifth).

[GutZ]

Can you describe the process?

Once I hold 10 XAU, what do I need to do to redeem it for gold?

How much gold is 1  XAU?

In what form is the gold? 

 

FOUND IT UNDER FAQ (duh)

What is XAU

1 XAU is the right to redeem 1 gold gram bar (fineness 999,9). The XAU are issued to your wallet by BPG.

How to purchase XAU

You can purchase the XAU on the Gatehub trade section where you can place a buy order to buy XAU.

How to sell XAU

On the trade section of the platform place a sell order. You can decide to exchange XAU for EUR, USD, ETH, BTC, ... The fiat currencies can be wired to a bank account of your choice or you can choose that the gold bars are sent to your address.

How to Redeem / Withdraw XAU

Choose our withdrawal option and we will Fedex you your gold bars. Minimum redemption amount is 10 XAU = 10 g in its multiples (e.g. 10 g, 20 g, 30 g, etc.). We will Fedex you a Good Delivery bar.

Why hold XAU

Gold has held its value for ever. Use gold to hedge against inflation, currency failure and controls.

100% backing

There is a lot of paper gold (see Comex Gold Cover Ratio - 293 ounces of paper per ounce of registered physical). We operate on a 100% backed basis. We assign 1 g of gold bullion to every single XAU.

Is gold real

We own a precious metal refinery and our storage is regularly audited by Bureau Veritas.

Delivery of gold

You can pick up your gold at our premises in Ljubljana, Slovenia or you can have the gold bars delivered to your address via Fedex or by regular post worldwide.

Customer's Obligations

Customer is Obliged to submit the registration and identification documents (EIN, SSN, GST, etc.) upon the request of Customs Control.

 

 

 

Edited December 16, 2017 by GutZ

[BPG_XAU]

1. Select Send Payment

2. Select Gold

3. Enter Recipient Name, Address, Post Code, City, Country

4. Select quantity (10, 20, 30, etc.) - 1 x 10 g bar, 2 x 10 g bar, etc.

5. You can track your shipment with FedEx Tracking. All bars are LBMA "good delivery".

[GutZ]

Purchasing and having XAU sent  went very smoothly. I only bought 10 grams but it was pretty slick. Had it in a few days. Great Service! Thanks.