Quintric Invests in Monetary Metals Gold Fixed Income
Scottsdale, Ariz, March 8, 2018—Monetary Metals announces a partnership with Quintric Corporation. Quintric began earning a Yield on Gold, Paid in Gold® through its recent participation in Monetary Metals financing of Valaurum. Under the terms of the deal, Quintric looks forward to active involvement in upcoming Monetary Metals financing opportunities.
Quintric provides forever vaulting and insurance at no cost to holders of its precious metal backed cryptocurrencies. By investing trust assets set aside for that purpose in the Monetary Metals’ fixed income program, Quintric projects that it can sustainably cover those costs in perpetuity, without compromising its commitment to issue tokens payable in gold and silver legal tender on demand.
The deal enhances Monetary Metals capacity to bring gold to businesses who need it. “Quintric is doing important work to help move the world forward to the new gold standard, a goal we share,” said Keith Weiner, CEO of Monetary Metals. He added, “Our partnership is win-win-win-win, helping Monetary Metals, our lessees, Quintric, and most importantly its token holders.”
Lawrence Hilton of Quintric’s Board of Directors, observed that “eliminating carrying costs, by earning interest on gold, removes one of the major obstacles to the wide circulation of gold and silver legal tender.” He added that “thanks to Monetary Metals’ game-changing offerings, Quintric is one very important step closer to helping people around the world once again make routine, daily purchases of goods and services with precious metal legal tender.”
About Monetary Metals
Monetary Metals® is Unlocking the Productivity of Gold® by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses. The company manages the Gold Exponential Fund™, which provides a way for investors to own gold and earn a yield, by trading between gold and silver. Monetary Metals publishes groundbreaking research to help investors understand the emerging role of gold as the ultimate measure of wealth, including the MM GOFO™ gold forward rate.
The Quintric™ monetary system combines the best aspects of precious metals, crypto-currencies, and legal tender into one revolutionary, patent-pending, medium of exchange, consisting of five interoperable, yet independent, blockchain tokens, payable in physical, sovereign, gold and silver coin on demand. Quintric’s free vaulting and insurance makes true Choice in Currency a viable option for anyone—Paper, Plastic, Gold or Silver. Contact Quintric for details about bonus token offers available to early adopters.