RE: Ralph Hazel tweet2 Feb 2019 15:54
I would imagine TRAC was aquired for its knowledge base and skill sets in dealing with Gold and Silver
I guess TRAC was the first incarnation of Goldbloc now Tally
The Real Asset Company platform allows investors to purchase gold bullion outside of the traditional financial markets, which are normally leveraged out of all proportion to the underlying supply of the asset via the futures market; a similar kind of house of cards effect triggered the collapse of the financial markets in 2008, when mortgage backed securities unravelled to such catastrophic effect.
When you deal with The Real Asset Company you are buying actual bullion, kept in warehouses located in London, Singapore and Geneva, and once purchased, you become the legal owner of the physical asset. As such there is no liquidity risk, and as the trade price is updated every minute, little in the way of arbitrage opportunities either. This is not a get rich quick scheme, in fact, quite the opposite. The system does not allowed for leverage of any kind.