How to Return to a Gold Standard Using Glint
Glint Jan 10, 2021
How the Glint App Can Help you Save and Preserve Your Buying Power
Ever notice that $1 buys less and less these days? In fact, the US dollar has lost over 99% of its buying power since the 1930s. Every year, inflation eats away at your money. We’re talking about 3% of your buying power being eroded.
However, a new app has come along that allows you to preserve your buying power. The app is called Glint. This unique app allows you to buy, save, and spend your money in gold. One of the first of its kind, Glint could be one of the most innovative ways for the average person to protect their money value.
How does Glint work?
Glint is an app that you can download from the Google Play or Apple Store. In minutes, you can open up your account and make your deposit. From there, you have the option to save some or all of your money in gold. As a matter of fact, you can transfer your savings from USD to Gold in seconds with a small 0.5% transaction fee.
Why Gold?
For 5,000 years, gold has been considered a stable store of wealth. For instance, in ancient Rome, you could purchase a fine toga for the price of one ounce of gold. Today, you can purchase a fine suit for the same one ounce of gold. Your buying power, with gold, is preserved over the long term. Many top investors allocate some of their wealth in gold to protect their buying power. That means in an inflationary environment where things are increasing in price, your money will continue to purchase the same amount because it is stored in gold until you are ready to make a purchase.
You can also hold your money in other currencies
Glint also allows you to hold your money in multiple currencies in addition to gold. This enables you to have more options in a world of increasing currency fluctuation.
Making Purchases with the Glint Mastercard
The Glint app allows you to make purchases using the Glint Mastercard. That makes it easy to make your purchase with gold. The Glint Mastercard is accepted in over 150 countries.
Cash Withdrawals with the Glint Mastercard
With the Glint Mastercard, you will be able to withdraw your money from thousands of ATMs around the world. This is one of the most convenient ways to hold your savings in gold and still have a fast way to convert that gold into cash.
What Security Levels Come with Glint?
While many people like gold, it is challenging to secure that Gold in one’s home or safety deposit box. With Glint, your gold is secured, and your savings are backed by the Federal Deposit Insurance Company (FDIC).
In the event that your Glint Mastercard is lost or stolen, you can instantly freeze the card with your Glint app. If you happen to find or recover your card, you can quickly unfreeze it with your Glint app.
Finally, Glint actually owns the gold that you purchase. The gold reserve is held by Sutton Bank in Attica, Ohio. That means you can be sure that your wealth is stored in gold.
Getting started with Glint
Glint is one of the few ways to preserve some or all of your money in gold easily. If you would like to get started with Glint, download the app from the Android or Apple App store.
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REFERENCE:
https://glintpay.com/en_us/how-glint-works/
