Liquidity, Safety, Value

MSGLD security tokens are backed by and redeemable for bullion. Get the liquidity of a token, plus the safety of gold, at a significant discount to spot

ABOUT METALSTREAM

Digital Security Innovators

Issuer of the innovative MetalStream Gold (MSGLD) security token, which is fully backed by certified bullion, and available at a significant discount to the current spot price of gold.

World leader in tokenization

MSGLD offers investors an easy way to add gold to their investment portfolio, and a low-risk way to gain exposure to the advantages of digital securities. Whilst other gold-backed tokens are sold at a premium to spot, our innovative model allows us to sell at a discount to the current spot price.

A guaranteed supply of gold

MetalStream sources gold from trading activities, and from execution of forward purchase contracts, or "streams", from multiple, publicly listed junior mining companies. Each of these suppliers are reputable entities operating in low risk, regulated and mining friendly jurisdictions.

learn more about us

METALSTREAM TOKENS

Better Than Physical Gold

MetalStream tokens are backed by physical gold bullion, certified and vaulted with secure, accredited, third party custodians

Liquidity

Tokens are by their nature more efficiently and easily stored and traded than physical metal. MSGLD may be traded directly 24x7, or via digital security exchanges when listed.

Safety

Backed by bullion, certified at 99.5% purity, stored at third party, accredited custodians, and fully compliant with all relevant securities laws and regulations.

Value

MSGLD are initially offered at a significant discount to the current spot price of gold. A more flexible, cost-effective, and efficient way to acquire and hold gold than any other.

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INVESTORS

Digital Security Offering

MetalStream will soon offer qualified investors the opportunity to purchase MSGLD tokens in a general offer, on the following terms:

Each MSGLD token will cost USD 50.00 and is backed by 1g of gold, giving a 10% discount to the current spot price of gold

The minimum subscription for MSGLD in this offering is 50 tokens or USD 2,500

The total number of MSGLD tokens issued in this offering is 5.2 million 

Tokens may be purchased with USD, ETH or BTC

Tokens will be unlocked for transfers 90 days after the end of the sale.

learn more about the offer

NEWS

Industry News & Views

6 July 2020

A Convergence Of Factors Driving Gold and Bitcoin Prices

Economic crisis, inflation and restricted gold supplies are aligning for investors.

There is a fascinating convergence of factors impacting the global market for gold. The combination of COVID-19, the actions of the Federal Reserve and a squeeze on global physical gold supplies have the potential to drive the spot price of gold to record highs.

As this complex scenario plays out, we are witnessing watersheds which may define gold markets for decades to come. What is intriguing in this situation is that many of the factors pushing the price of gold higher also have the potential to impact the price of Bitcoin. This relationship is clearly indicative of values inherent in both blockchain and precious metals which stand in contrast to fiat currencies.

“I describe Bitcoin as “a digital version of gold” eGold.” — Arif Naseem

The COVID-19 pandemic and its accompanying global lockdown have created an economic environment the likes of which have been unseen before. The globally coordinated lockdown is bankrupting businesses and destroying the vulnerable segments of our societies. It is entirely possible that the global economic structure which emerges after COVID-19 will be unlike anything we have previously witnessed and necessitate new financial structures based on assets rather than fiat currencies.

The current pandemic has spawned an economic situation which has grave global implications. As investors fear an economic recession they are increasingly moving into safe havens such as gold and bitcoin. This trend has driven the spot price for gold to its recent highs. As the situation unfolds it is very possible that we may see even higher prices and numerous commentators are predicting that the price of gold may break into new territories above $2,000.

Beyond the untold numbers of bankruptcies and an economic downturn, there are two other significant influences on the price of gold now: the behaviour of the US Federal Reserve and the physical supply of gold. As the global economy reacts to this scenario the price of Bitcoin will also be impacted and we predict this will make an important contribution to the structure of future markets.

The US dollar has been the world’s reserve currency since the Bretton Woods system implemented after the second world war. In this capacity, the dollar has impacted every other economy on the planet. More than 61% of all foreign bank reserves are denominated in the US dollar and it is said that nearly 40% of global debt is in dollars. When the value of the dollar changes the effects are felt globally.

The current balance sheet of the United States Federal Reserve is hovering just under 7.2 trillion dollars. This stupendous amount increased by $586 billion during just one week in March this year. Although it is hard to visualize a number that is followed by nine zeros, in layman’s terms that figure equates to the printing of almost 1 million dollars every second during that single week. This is the largest economic stimulus package in human history.

Ostensibly the Federal Reserve was printing United States dollars in an effort to keep markets alive during the COVID-19 pandemic. Some commentators noted that at this point the Federal Reserve was printing the equivalent of Bitcoins entire market capitalization every 35 hours. These actions also heralded a milestone in the Federal reserve’s balance sheet as it topped the $5 trillion mark for the first time and there are suggestions that could rise to $10 trillion. The scale of COVID-19 initiatives currently being undertaken by the Federal Reserve are said to be far in excess of those implemented by the Fed during the 2008 global financial crisis.

Because the US dollar is not backed by a tangible asset, an increase in the amount of US dollars in circulation means that the value of all US dollars is reduced. This is the process of inflation. On March 22nd Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, stated that “there’s an infinite amount of cash at the Federal Reserve”. This sounds impossible but what Mr. Kashkari means is that the Federal Reserve is in a position to create as much money as it likes, without any governing body to halt the printing presses. This policy stands in direct opposition to the supply of gold for which there is a limited supply and to Bitcoin for which there is a finite supply.

A third factor directly impacting the price of gold and potentially the price of Bitcoin is an ongoing constriction in the supply chains for physical gold. Recently, investors looking to purchase physical gold at dealerships have been paying high premiums for bullion. This situation was created by an uneven distribution in physical gold and the impact of lockdown restrictions on both miners and supply chains. A reduction in the quantity of physical gold in the markets has impacted prices and is driving investors to digital alternatives such as Bitcoin.

The convergence of the three factors of economic crisis, high US dollar inflation and constricted gold supplies may drive the prices for both gold and Bitcoin to new heights. When appraised in this matter it’s clear that the stage is set for a conflict between asset classes exhibiting totally different fundamentals of creation. What form of economic system is left when the dust settles is yet to be defined but the world could see a return to currencies which are not fiat. It is investors who are savvy to these factors who will be able to navigate the turbulent waters to come.

MetalStream is the issuer of the innovative gold-backed MSGLD token. Please visit our website for more information, and contact support@metalstream.io for enquires related to the purchase of tokens.


A Convergence Of Factors Driving Gold and Bitcoin Prices was originally published in MetalStream on Medium, where people are continuing the conversation by highlighting and responding to this story.

27 June 2020

MSGLD & MTLSTR Token Upgrades

Both MSGLD and MTLSTR have been upgraded ahead of public offers and listing

Both the MSGLD and MTLSTR public offers have been delayed due to COVID. We are using the delay to stockpile bullion proceeds from trading activities. At the time of the public offer, all MSGLD will now be fully backed by vaulted gold, rather than gold yet to be delivered from our mining partners.

Change to MSGLD Asset Backing

After multiple requests, we are also changing the gold backing for each MSGLD token, so that each MSGLD will be backed by and redeemable for 1g LMBA certified gold bullion, with a minimum redemption of 1,000 tokens. This change simplifies the presentation of MSGLD to the market.

As a result of these changes, the number of MSGLD available in the public offer will be reduced from the planned 90 million tokens to 5.2 million tokens, and the discount offered to spot will be decreased from our originally planned 30% to around 10% (based on the price of gold at the time of the offer).

The exact price of MSGLD in the public offer will be set closer to the date of the offer opening but is likely to be USD 50.00.

MSGLD & MTLSTR Token Upgrade

DSX Asia has upgraded their issuance platform in preparation for the upcoming launch of their primary offering marketplace and secondary market exchange. We are required to upgrade MSGLD and MTLSTR tokens in order to take advantage of the platform upgrade.

Advantages of the new tokens include the following:

  • Optimised architecture using the latest version of Solidity
  • Use of shared registry for all DSX issued tokens
  • Gas optimisation for all smart contracts
  • Full documentation and test coverage
  • Custom compliance contract
  • Full audit by Kaspersky

On 27 June, we upgraded all MSGLD and MTLSTR tokens in line with the above. This involved creating a new smart contract for each token, authorising all current minting holders, and issuing the appropriate number of tokens to all current holders. After review, MetalStream will burn the old tokens.

Due to the changes in the gold-backing of each MSGLD, existing MSGLD token-holders have received 0.155517384 new tokens for each 1 old token they held. As a bonus, we have rounded-up each token-holder’s balance to the nearest whole token.

Token-holders will need to add the new contact address to their wallet in order to see their balance.

Adding New Tokens to MetaMask

To add the new MSGLD and/or MTLSTR tokens to your MetaMask wallet:

  1. Open MetaMask
  2. Click on the Menu button
  3. Scroll down and click “Add Token”
  4. Click “Custom Token”
  5. Add “0x3054c53193f7c8624628a5ce0949c56da94443d6” into the “Token Contract Address” field for MSGLD, or “0x7bc78140901b2f26972197b419745bd6be0dc467” for MTLSTR.
  6. Click “Next”
  7. Click “Add Tokens”

Removing Old Tokens from MetaMask

To remove the old MSGLD and/or MTLSTR tokens from your MetaMask wallet:

  1. Open MetaMask
  2. Click on the Menu button
  3. Scroll down and click the options link next to the old MSGLD or MTLSTR token
  4. Click “Hide Token”
  5. Click “Hide” in the confirmation popup

MetalStream is the issuer of the innovative gold-backed MSGLD token. Please visit our website for more information, and contact support@metalstream.io for enquires related to the purchase of tokens.


MSGLD & MTLSTR Token Upgrades was originally published in MetalStream on Medium, where people are continuing the conversation by highlighting and responding to this story.

26 June 2020

The Rise Of Gold On The Blockchain

A combination of Liquidity, Safety and Value.

We are witnessing a trend towards combining two of history’s strongest investment classes. It is only fitting that gold will spearhead the wider adoption of blockchain technology and the growth of the digital asset age. In this combination of asset and technology, we see the melding of history’s oldest store of wealth with the newest. This is a logical progression.

The synergies between the two assets create an ideal match to which the world is beginning to awake. In this time of economic unrest, investors are moving to secure their assets in safe havens and there has never been a better time for gold to be represented on the blockchain. Fintech magazine neatly summed up the value proposition of gold on blockchains when they stated in their article:

“Tokenised gold may be one of the most important developments in the gold industry. Short of physical use cases, it improves on the functionality of gold in every way — in that it’s trivial to store, it’s readily-accessible to anyone with an internet connection, and it can be traded cheaply and instantly across the world.”

Since the birth of Bitcoin commentators have identified a core similarity between the cryptocurrency and gold. Bitcoin has a limited quantity that can be mined and this scarcity reflects the fact that gold supplies are also finite. Both asset classes are inherently tangible and in either cryptographic tokens or physical metal, they represent a store of value which cannot be counterfeited. These assets are now combining to bring to market the best of both worlds.

Although gold cannot be artificially created in any great quantities there have been many historical issues with the custodianship of gold reserves. There is a growing concern that there are serious problems with auditing our stockpiles of gold. Additional concerns centre around the trading markets for the precious metal and how much corruption is taking place therein. We have covered this topic previously in our series Where Has All The Gold Gone? The immutability of blockchain transactions builds a strong foundation for creating greater transparency and accountability in the world’s gold markets.

Several cryptocurrencies were developed with the specific intention of backing their value with the price of gold. Gold-backed cryptocurrencies operate in the same way as traditional cryptocurrencies except that they are backed by tangible gold in either allocated or unallocated storage. This is a form of Stablecoin where the price of the coin is backed by an asset class to mitigate against extreme price swings in cryptocurrency. The combination of blockchain technology and gold brings both stability and accountability to the market. There are now numerous Stablecoins for the market to choose from which are backed by various degrees of gold and in some cases other assets.

As the global markets brace themselves for the growth of digital assets it will be gold which will be among the primary movers to give validity to the marketplace. During the global COVID-19 lockdown gold-backed stable coins raced to keep up with demand as physical supplies of gold became scarcer and investors moved towards safe-haven assets. These Stablecoins are only backed by gold but this gold cannot be redeemed by the owners. Security tokens will offer even greater enhancements in value for investors.

MetalStream’s MSGLD gold-backed security tokens are taking the concept of a gold-backed stable coin and enhancing the value proposition. MSLD is not only backed by gold but also redeemable for bullion. Working with reputable custodians MetalStream is able to guarantee the quantity of certified gold bullion it maintains in vaults through audits. This transparency and accountability bring improved value to the market.

Owners of MSGLD can be confident that the gold backing their security tokens is real. With a stipulated amount of MSGLD owners can redeem gold bullion directly from the vault. The tokens themselves do not carry any brokerage, management or vaultage fees.

Liquidity is delivered as the tokens can be continuously globally traded. Security is inherent as security tokens can be transferred to their rightful owners in the case of theft. Finally, the value of MSGLD is inherently tied to the price of bullion without carrying additional premiums for the purchase of physical gold. Every aspect of digital gold ownership has been considered to improve the value of MSGLD.

As blockchain technology continues to be utilized to secure the value and liquidity of gold we can expect to see greater transparency and accountability in the markets. These qualities should ensure that there is a reduction in corruption and fraud throughout the industry of gold ownership and trading. Strong blockchain-backed gold products will provide an important alternative store of value as fiat currency systems become increasingly unstable.

The value of gold is undeniable and any increase in honest handling of bullion is valuable to our economy. As Ron Paul quite rightly said:

“Because gold is honest money it is disliked by dishonest men.”

MetalStream is the issuer of the innovative gold-backed MSGLD token. Please visit our website for more information, and contact support@metalstream.io for enquires related to the purchase of tokens.


The Rise Of Gold On The Blockchain was originally published in MetalStream on Medium, where people are continuing the conversation by highlighting and responding to this story.

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