BPG launches XAU trading on Ripple

[GateHub]

Today we are happy to announce a new gateway on GateHub.

You can read more about it here:

http://blog.gatehub.net/post/151340572932/bpg-launches-xau-trading-on-ripple

[Guest jarvis]

Time to load up on some!! 

[T8493]

Where is this "Banquecorp Physical Gold" incorporated? Can we at least get address and company number of this company?

Is this the correct company (copied from the Slovenian Business Registry):

SIC INFORMATION ABOUT THE ENTITY
entity status:	registered
court/business register entry date:	03.06.2015
registration number:	6861784000
tax number:	SI 59251182
full company name:	BANQUECORP PHYSICAL GOLD, trgovanje s plemenitimi kovinami, d.o.o.
short company name:	BANQUECORP PHYSICAL GOLD d.o.o.
registered office:	Ljubljana
business address:	Litostrojska cesta 44A, 1000 Ljubljana
legal organizational form:	Limited liability company (d.o.o.)
share capital:	7.500,00 EUR
number of shares:	no entry
type of supervisory authority:	nima organa nadzora

 

Where is this company licensed? This entry shows "type of supervisory authority: no supervisory body" (Google Translate). This company also has minimal share capital (only 7.500 EUR).

 

 

Edited October 4, 2016 by T8493

[Mercury]

2 minutes ago, T8493 said:

Where is this "Banquecorp Physical Gold" incorporated? Can we at least get address and company number of this company?

Address:

Banquecorp Physical Gold d.o.o.

Litostrojska 44a
1000 Ljubljana
Slovenia, Europe

From http://www.bpgvault.com/fund-documents

*Banquecorp Physical Gold Ltd. (SI) is licensed as a precious metal trader and precious metal refining company. Furthermore Banquecorp Physical Gold Ltd. is registered with the Securities Market Agency as an alternative Fund Manager. The company is operating a precious metal refinery (hereinafter referred to as the »Investment Manager«) (precious metal trading license No 6433-13/2015/4, precious metal refining license No 6433-25/2015/4, registered as an investment fund manager - license issued by the Securities Market Agency – 6/3939ZUAIS.
* BPG, precious metal storage Plc. is operating precious metal storage faciliites and is registered with the Securities Market Agency as a commodity Fund.
*Banquecorp Physical Gold Ltd. (UK) is registered with the UK Assay Office and specializes in trading precious metals (hereinafter referred to as the »Administrator«).

[Mercury]

If I am reading this right we can use credit cards to buy gold and have it issued to our ripple address? So we could use this as a bridge to use credit cards?

 

[T8493]

Just now, Mercury said:

Address:

Banquecorp Physical Gold d.o.o.

Litostrojska 44a
1000 Ljubljana
Slovenia, Europe

From http://www.bpgvault.com/fund-documents

*Banquecorp Physical Gold Ltd. (SI) is licensed as a precious metal trader and precious metal refining company. Furthermore Banquecorp Physical Gold Ltd. is registered with the Securities Market Agency as an alternative Fund Manager. The company is operating a precious metal refinery (hereinafter referred to as the »Investment Manager«) (precious metal trading license No 6433-13/2015/4, precious metal refining license No 6433-25/2015/4, registered as an investment fund manager - license issued by the Securities Market Agency – 6/3939ZUAIS.
* BPG, precious metal storage Plc. is operating precious metal storage faciliites and is registered with the Securities Market Agency as a commodity Fund.
*Banquecorp Physical Gold Ltd. (UK) is registered with the UK Assay Office and specializes in trading precious metals (hereinafter referred to as the »Administrator«).

@Mercury, "Banquecorp Physical Gold d.o.o." is not the same company as "Banquecorp Physical Gold Ltd.". Banquecorpy Physical Gold Ltd. is registered in the UK (address: 2 WOODBERRY GROVE, 1ST FLOOR, N12 0DR LONDON) , but Banquecorp Physical Gold d.o.o. is registered in Slovenia.

[T8493]

And there is possibly the third company with the same (similar) name: https://media.wix.com/ugd/c78afa_1246b6aa96974a918e27d7a7d7f21659.pdf

[Mercury]

3 minutes ago, T8493 said:

@Mercury, "Banquecorp Physical Gold d.o.o." is not the same company as "Banquecorp Physical Gold Ltd.". Banquecorpy Physical Gold Ltd. is registered in the UK (address: 2 WOODBERRY GROVE, 1ST FLOOR, N12 0DR LONDON) , but Banquecorp Physical Gold d.o.o. is registered in Slovenia.

Oops, apologies. Seems they are all owned by the same group though

http://www.bpgbullion.com/

The various sections are incorporated in different jurisdictions. The refinery in Slovenia, while the trading and asset funds are in the UK, etc.

[Mercury]

Banqeucorp Physical Gold d.o.o. is registered with the Ministry of Economic Development and Technology as a precious metal refining company (Order number 6433-25/2015/4).

http://www.bpgbullion.com/refining-division

 

[Mercury]

Banqeucorp Physical Gold d.o.o. is registered with the Ministry of Economic Development and Technology as a precious metal dealer (Order number 6433-13/2015/4).

http://www.bpgbullion.com/trading-division

The fund management is the UK address

[T8493]

I think @GateHub needs to clarify which company actually issues IOUs.

 

[GateHub]

45 minutes ago, T8493 said:

I think @GateHub needs to clarify which company actually issues IOUs.

Hi @T8493, we have a brand new gateways section where you can find all the information about our gateways: https://gatehub.net/gateways

[T8493]

23 minutes ago, gatehub said:

Hi @T8493, we have a brand new gateways section where you can find all the information about our gateways: https://gatehub.net/gateways

This page says: 

Quote

 

By purchasing the XAU you become the owner of 1 g gold bar with a distinctive 8-digit serial number. The XAU are issued to your wallet by BPG.

 

 

Ripple IOUs are not integers and you can't assign distinctive 8-digit serial number to them.

Assume I buy 2.485 XAU IOUs on the RCL. Which distinctive 8-digit serial numbers are associated with my 2.485 XAU IOUs?

 

 

 

 

 

Edited October 4, 2016 by T8493

[GateHub]

@T8493 you are right. Seems like we published one of the previous versions of FAQ. We'll update the text shortly.

Thank you!

[Guest Dizer]

17 minutes ago, gatehub said:

@T8493 you are right. Seems like we published one of the previous versions of FAQ. We'll update the text shortly.

Thank you!

@gatehub please let us know when you updated the FAQ page. I think @T8493's questions are important to answer.

 

Thanks!