Frontiers · Digital Gold · Overview
Physical gold. Digital ownership. A complete investment case.
The investment question
What does the token actually change?
Unencumbered gold pays no rent. The investor’s return comes from selling at a price that covers entry premiums, custody, fixed expenses and exit frictions. A token can shrink ticket size and improve records — but each claim must be priced against its fees and its recovery route.
Contractual income
None
Yield requires a named counterparty activity · Assumed
Research coverage
14 chapters
15 primary source references · Observed
Where the value lives
Asset, rights, and the operating system.
The asset
Fine bullion at an assumed price, with entry premiums, custody and exit costs — no yield unless a documented activity produces it.
Assumed Observed and Assumed
The rights
Who legally owns the metal, what the token holder can enforce, and who owes redemption — settled in contracts, not labels.
Assumed Assumed
The operating system
Reserve reconciliation, evidence freshness, minting controls and a rehearsed exit for cash or delivery.
Modelled Assumed and Modelled
Global opportunity
Venues, vaults and investors are different places.
London describes the wholesale bullion framework; Switzerland, Singapore and Hong Kong describe storage and distribution routes; Jamaica frames the investor’s base currency. Select a route to see what must be verified there.
Research edition 2 October 2026. All defaults are illustrative and pre-tax. No live price feed, offering, token issuance or investment advice. Artwork is conceptual and unbranded.
Next: turn ounces into monthly cash flows.
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