Jewellers can secure forward delivery of gold through a new high-tech funding solution for mines. By offering a new funding mechanism for mines, DMX offers gold buyers a new way to secure future delivery, hedge against price increases and, importantly, have confidence in the provenance of the metal.
The gold currently on sale on DMX ranges in delivery time frames from nine to 36 months and discount rates from 9.5% to 27%, with the lower value reflecting lower risk as the assets are above-ground and close to production and the higher one attached to assets where the production is further in the future.
DMX is currently offering approximately 50,000 oz of gold from two mines in Australia and one in Ecuador – at prices discounted from the current market value of approximately USD 93.5 million. Investment professionals and manufacturers may forward-purchase a specified quantity of the metal, at the discounted price, to be delivered at an agreed time. Between issue and delivery the digital assets can be freely traded on DMX, and more mines will be onboarded shortly.
Digital Metal Exchange (DMX) is an Australian based institutional-grade online-only commodities exchange. It offers near future delivery of gold at significant discounts. The gold purchase is made through a new form of asset, a digital token backed by an amount of metal to be delivered on an agreed date. The tokens contain rules of trade, exchange and delivery known as smart contracts.
Sign up here and we will send you an invitation to join the Exchange once we are live.
Sign up for updates on DMX and the Metals Market