Digital gold trading takes off

THE Perth Mint has released a smartphone app that lets investors buy, store and sell gold through the use of digital certificates.

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The Perth Mint's new GoldPass app

The GoldPass app is a secure investment platform powered by InfiniGold technology, which also lets users instantaneously transfer their gold to other approved GoldPass app users.
The digital certificates used in the GoldPass app are physically backed by actual gold stored in the Mint's vault, and the weight and purity of every ounce is also guaranteed by the Western Australian government.
Perth Mint CEO Richard Hayes said with the uncertainty and speculative nature of cryptocurrencies with no asset backing their value, investors were always keen to discover innovative and credible vehicles through which to safely protect the worth of their portfolios.
Noticing a distinct rise in the demand for trusted modern and contemporary means of exchange, Hayes said GoldPass digit...