Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,158,880 members, 7,838,151 topics. Date: Thursday, 23 May 2024 at 04:18 PM

Reports Confirmed: Dignity Gold LLC Controls At Least $3 Billion Worth Of Gold - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Reports Confirmed: Dignity Gold LLC Controls At Least $3 Billion Worth Of Gold (227 Views)

FTX Owes 50 Largest Creditors More Than $3 Billion (2) (3) (4)

(1) (Reply)

Reports Confirmed: Dignity Gold LLC Controls At Least $3 Billion Worth Of Gold by henerryjackson1: 10:27pm On Aug 16, 2022
An examination to indicate that Dignity Gold LLC retains at least $3 billion worth of gold is now planned to be completed by the middle of November, according to a press release produced by the enterprise earlier today. The company had issued an original statement, and this additional update was delivered in conformity with that earlier disclosure.
It was announced in August, but the auditing consultation wasn't set to happen again till September.

Dignity Gold has an SKR alliance with SION Trading FZE of the United Arab Emirates (UAE) to store the gold often used back its Dignity coin. SION Trading FZE has publicly stated that it is wrapping up the co - operation of internal security and its logistic team in preparation for the counting of the gold, which is stored in the UAE. This is in conjunction with the conditions of the contract between Dignity Gold and SION Trading FZE of the United Arab Emirates (UAE) to have gold for backing the Dignity coin provided by SION Trading FZE. Dignity Gold and SION Trading FZE of the United Arab Emirates have come to an agreement on the delivery of gold to back the Dignity currency. The letter also indicated that the gold would be counted and weighed in the United Arab Emirates. There will be no more remark or explanation at this time, the media warning said.Stockholders of Dignity ($DIG) have been waiting for an official audit to be made public so that they may sell their holdings. Arbitrade, which has been actively pursuing a licence to operate in Bermuda's cryptocurrency market, purchased the firm that developed Dignity in 2018. Arbitrade, which was launched in 2014, is a highly regarded tool for handling legal disagreements online. In 2018, after years of effort, Arbitrade was able to complete the purchase of the firm. The idea for the development of the Dignity coin is attributed to Cryptobontix. According to the company's 2017 whitepaper, Dignity and three other tokens managed by Dignity Holdings LLC at the time of writing will be backed by precious metals. The coins are administered by Dignity Holdings LLC, as stated in the whitepaper. Arbitrade, which had previously acquired Cryptobontix, declared the deal's completion and their purchase and ownership of the gold in a series of news releases. This happened after the acquisition of Cryptobontix was finalised. A number of existing and potential investors have, however, asked for a professional audit to determine the veracity of this claim. These investors want to know whether the rumour in question is true.
In accordance with the Dignity coin's 2017 whitepaper, holders would be able to trade their digital tokens for gold bullion at a future date.

When pondering of a Dignity currency tied to gold, we examined this idea. If you project far enough into the future, we can have this conversation at any time. It is unclear whether or not Dignity Gold, LLC's parent company, Dignity Holdings, LLC, will adhere to the Cryptobontix redemption system as it was presented in 2017, or whether there will be any adjustments. In this sense, Dignity Gold, LLC is a wholly owned subsidiary of Dignity Holdings, LLC. Dignity Gold, LLC is a wholly owned subsidiary of Dignity Holdings, LLC. Dignity Holdings, LLC is the parent company of both Dignity Gold, LLC and Dignity Holdings, LLC. Dignity Gold, LLC is a wholly independent business of Dignity Holdings, LLC.

Based on a press release issued by Dignity Holdings in August, the audit will be carried out by Bureau Veritas, a highly esteemed precious metals auditor. To our great fortune, Dignity Holdings was willing to provide us with the information we need. The exact date has not been set but is expected to be sometime in November. The statement issued today makes no reference to Bureau Veritas. There is now no way to know whether the audit will be undertaken by the same company as in the past, or by an entirely different firm altogether, due to this recent change.

What follows is information that was left out of today's press release but is of particular importance to those who already own Dignity coins:

The current whitepaper for Dignity Coin reads, "

where else dignity money may be bought, traded, or swapped, and what kind of shape such marketplaces are in now.

Completion of these two intriguing parts, as well as an audit confirming that Dignity Gold possesses at least $3 billion worth of gold, is widely seen as crucial to the successful launch of the gold-backed cryptocurrency known as Dignity. After the successful launch of the gold-backed cryptocurrency, there is a general assumption that Dignity can be effectively disseminated. The reason for this is that most industry watchers agree that a successful rollout of the gold-backed cryptocurrency is crucial to its long-term viability. Because everyone agrees that if the gold-backed cryptocurrency is established effectively, it would facilitate the efficient distribution of dignity, this is the case. Why? Simply put, almost all experts agree that gold prices will continue to rise.

According to the whitepaper produced by Cryptobontix in November 2017, one DIG is equal to around 0.02445 grammes of gold at any one moment. This data was taken straight from the whitepaper. After making some inquiries, Cryptobontix was able to uncover the relevant details. This information was derived from the whitepaper. Based on the price of gold on the day this article was published, one DIG would have been worth around $1.18 USD. However, despite the fact that the primary information points have not been confirmed, DIG is now selling for less than a third of a cent in US dollars. In spite of the fact that not all of the material has been verified independently, this remains accurate.

As stated in a statement provided by SION Trading FZE, the company's president, Max Barber, was quoted as saying, "We are delighted to notify the market our results when they are available." The news was announced by SION Trading FZE.

(1) (Reply)

Rice;the Most Widely Accepted Food In The World / Brillescrow / The Best Coin To Invest In As Of Now That All Coin Prices Are Down

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.