About Meld Gold (MCAU)
Meld Gold (MCAU) is fully recycled Australian gold, available to trade in a digital format. It is backed by physical gold, held in Australia by independent vaults and refineries. This includes Imperial Vaults, Australian Bullion Company and Melbourne Mint. Meld is built on the Algorand blockchain.
Using Meld Gold (MCAU) price information
Meld Gold’s price information provides a history of MCAU price movements, which aids investors in recognising market trends in order to make informed investment decisions.
Frequently asked questions
What is Meld Gold (MCAU) and how does it work?
Meld Gold (MCAU) is a digital token that is fully backed by physical gold bullion held in secure vaults. It is designed to provide investors with a simple and convenient way to access the benefits of gold ownership without the need to physically store or manage gold bars.
Meld Gold allows the transaction of gold in real-time and can also eliminate some of the volatility that comes with the procurement of physical gold. MCAU tokens are minted and issued by Meld Gold, a regulated and licensed company that follows strict security and safety standards.
How is the Meld Gold (MCAU) price determined and updated?
Meld Gold’s price is determined by the spot price of gold, which is the current market price for an ounce of gold. The price of MCAU is regularly updated to reflect changes in the spot price of gold.
Is Meld Gold (MCAU) backed by physical gold assets?
Meld Gold (MCAU) is backed by physical gold that is stored in vaults. Each MCAU token is directly linked to a specific quantity of physical gold, and the token's value is guaranteed by this underlying gold reserve.
The company maintains a 1:1 reserve ratio, meaning that for every MCAU token in circulation, there is an equivalent amount of gold held in reserve.
Where can Meld Gold (MCAU) be bought?
MCAU tokens can be traded on centralised crypto exchanges. If you're looking to purchase Meld Gold (MCAU) in Australia, BTC Markets is the most popular exchange to do so.
Are there any specific advantages or use cases for holding Meld Gold (MCAU) compared to traditional gold investments?
Meld Gold is a blockchain-based token representing ownership of physical gold. This digitisation allows for easy transfer and ownership, making it more accessible than traditional gold investments, which often involve physical storage and logistics.