Sponsored Content
Has GLD finally met its match?
According to recent financial coverage, Streamex Corp. (NASDAQ: STEX) has partnered with Monetary Metals to bring a yield on gold, paid in gold, to institutional markets.
For nearly a decade, Monetary Metals has offered returns in ounces through its Gold Yield Marketplace, financing real-world businesses in refining, mining, jewellry, and manufacturing.
Clients of Monetary Metals can lease their gold, earn a yield, and maintain full ownership of their metal. They are currently offering up to 4% on gold, paid in gold.
This business model directly addresses the most vocal critics of gold, often citing it as a negative yielding asset. But with Monetary Metals, gold offers a positive yield.
The Streamex partnership with Monetary Metals extends the same gold fixed-income offerings to a broader audience, namely blockchain-focused investors as well as key financial institutions.
“We are pleased to be partnering with Streamex, because they share our vision that gold is becoming a productive asset again that generates an income” said Keith Weiner, founder and CEO of Monetary Metals.
Streamex’s early backers include Sean Roosen, founder of Osisko Mining, and Frank Giustra, founder of Wheaton Precious Metals — two investors known for often being the first to anticipate major paradigm shifts in commodity finance.
“By combining our tokenization technology and gold-backed treasury with Monetary Metals’ proven gold yield platform, we are creating a first-of-its-kind asset that marries the security of physical bullion with the productivity of real-world yield,” said Henry McPhie, CEO of Streamex. “Together, we’re opening the door to a new era of gold as both a store of value and a source of income for global markets.”
While income-generating gold promises to bring new ownership to the yellow metal, it also threatens to unseat leading investment products in the space, such as GLD. Most, if not all, conventional gold products charge fees to investors in order to own gold or gain exposure to it. But companies like Monetary Metals offer individuals and institutions the ability to earn a positive yield on metals every month, avoiding the drag of ongoing fees.
As inflation and fiscal pressures persist, programs that make gold productive again may define the next chapter of gold’s storied history as an asset class.
For those interested, Monetary Metals is currently offering up to 4% on gold, paid in gold.