Skip to main content
< All Topics
Print

How can holders of large quantities of gold benefit?

  • Gold is an illiquid asset.  It is costly to store, protect, secure, insure, ship and transport.  Since it is impractical to pay for a $4 cup of coffee with a gold coin worth $2,000 its usefulness as a physically transferable medium of exchange is limited. It is also not easily divisible into standardized fractional units of value with equal purity.
  • Because God is reclaiming His gold to once again make it useful to those who turn to Him for help.  Under God’s watchful eye and provision, GGMF’s founders have developed unprecedented solutions to create a tangible monetization service and benefit for holders and keepers of large gold storehouses anywhere in the world.
  • Owners of large gold holdings find it difficult, if not impossible to sell gold because of the risks for both counter parties. On the one hand “buyers” want prior evidence that the gold exists, belongs to the seller and meets the desired purity level his source of funds. On the other hand, “sellers” want proof that the buyer is financially capable of closing and paying for the gold when shown the product. Because sellers have the substantially greater risk of disclosing information about the physical location of their gold, the level of faith they ask of a buyer to pay, guarantee or settle before delivery of acceptable purity can occur is irrational and explains why such transactions rarely, if ever, close.  Since the parties, almost never acknowledge that God as the ultimate beneficial owner, God’s blessing is rarely on such transactions, this may well explain the frustration buyers and sellers feel.
  • GGMF provides a total solution for owners of large quantities of gold.  Holders of Physical gold can receive spendable value for their gold reserves in the form of a standardized units of gold which they can then exchange and use as a medium of exchange anywhere in the world, without risk, and without having to move it from where it is currently stored.  Since God owns the gold, the custody of the gold merely transfers from a “seller” (as a retiring custodian) to a “buyer” (the new custodian) under God’s watchful eye.  Such transactions are confidential, safe, secure and executable anywhere in the world.
  • GGMF also offers nations that own gold reserves a total solution to convert their gold into a medium of exchange that will, through the GGMF’s “banking as a service” platform and brand, have instant convertibility, exchangeability and transferability into spendable gold units in each of 254 other countries (64,262 exchange rates which 254 x 253 countries) starting in late January 2024.