As a curious fintech user (not a FT team member), should I use this? Any good use cases?
4 posts were split to a new topic: Onedox on Crowdcube
Really do not get the idea of gold in peopleās everyday life. It barely has any value nowadays except a nice look (most of its use is for jewellery after all).
Knew someone mentioned Glint before, itās all coming back to me. Iām guessing this is also somewhat relevant:
and given Gold is less volatile it makes more sense?
But the target market of Glint is probably not vulnerable Venezuelans (or other suffering economies), who simply would not have access to it. Doubt it makes sense in the EU or the US.
But who knows, I though Bitcoin was overvalued in 2016 
@Justin @Vlad the context for Gold is money i.e. currency. What is the real return of cash holdings (missing from your graphic)? Negative due to the inflation rate.
Glintās mission is to āreintroduce gold as moneyā so letās at least try to include this perspective.
London is the home of the multi-trillion dollar gold market.
Theyāre running the following promotion, so maybe itās a good opportunity to take advantage of trying before you buy in so to speak.
To mark the launch of additional currencies, Glint is to offer the first 50,000 people to load Ā£1,000 or 1,000 euro into the gold account (fee is 0.5%) fee free gold/FX buy and spend until the end of 2019.
Iād really like to give this a trial, but I donāt think I want to go as high as Ā£1k 
Likewise. Iām just sticking to cost averaging my way in & if I so happen to be one the first 50k to benefit before the year is out then Iāll consider it a bonus.
Not against gold as an investment per se, but really donāt get the idea of aligning what is basically your current account with an investment vehicle.
Obviously you canāt really spend gold - youāre converting out every time you spend. From the graphic below, Glint apparently take 0.5% every time you do so. Plus 0.5% on the way in. So for the privilege of spending money in gold youāve already lost 1%.
If Iām reading this wrong, apologies and someone from Glint, do correct me!
If you want to buy gold, just buy gold through a commodities broker account or a gold ETF. Then leave that there as an investment.
I assume the whole card, payment idea is to align it with the Monzos of the worldā¦
I do believe thereās some novelty to Glint but also some genuine utility. I donāt intend to use Glint Pay for payments (more as just another savings account), but the option to do so is of value.
This is easier said than done and until Freetrade/Revolut launches affordable investing, Glint remains an elegant mobile only way into gold imho. Even then, 0.5% is a fair price for instant liquidity to transact with the free card.
Thatās just my view as a user but I can also appreciate the other side.
Is there utility when it comes to payments - Iām wondering if Iām missing something here or is that not what you meant?
Presumably utility is just an easy way of buying/saving in gold?
Yes, with the option to āspendā it also.
I could be wrong but I think thereās no cost for spending what they call āLiquid Goldā, however thereās a small storage fee of 0.125% per/year.
Agree, it also feels niche in Western Europe. Maybe more likely to do well in other markets like Asiaā¦
