Castro Gold (EAU)

Castro Gold (EAU)

A gold-backed currency – not just a token.


Castro gold (EAU) is a digital currency. Each EAU is backed by one gram of fine gold stored in fully insured and audited vaults, in your name. EAU lets you spend, trade, send and earn physical gold, anywhere in the world.


We are not a bank. We’re better.

An independent monetary system for people who choose physical gold and silver, not paper money.

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Utility & yields

Use EAU as money with the Castro Virtual Card, anywhere MasterCard is accepted. Earn a return on your EAU spending, holding or trading – with yields paid monthly in physical gold.

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Institutional heritage

All gold bullion is managed by our strategic partner, Allocated Bullion Exchange (ABX) – a leading global institutional exchange with over 10 years’ experience in the precious metals industry.

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Fully allocated ownership

All gold bullion underpinning EAU is fully allocated, held in your name, at all times. If you hold EAU, you own the underlying physical gold held in independent, fully insured vaults, across the globe.

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Redemption

All underlying gold bars meet LBMA-approved good delivery standards and can be redeemed at any time. Take delivery of as little as 100g of your fine gold from localised redemption hubs across 6 continents.

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Audited

All of the investment-grade gold behind EAU undergoes independent quarterly audits by a leading commodity audit specialist, confirming the 1:1 allocation, stated quantity and quality (9999 fineness) of all gold bars.

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Value

Through ABX’s global vaulting network, Castro offers 0% storage fees and the lowest prices – and tightest spreads – aggregated across all major trading hubs globally.


FAQ
  • What is Castro gold (EAU)?

    Castro gold (EAU) is a digital currency. Each EAU is backed by one gram of fine gold stored in fully insured and audited vaults, in your name. Through blockchain technology, Castro has digitalised the proof of ownership of physical precious metals. With EAU, you can trade, earn, and make payments in physical gold, anywhere in the world.

    Castro gold opens users up to the numerous benefits of owning gold without the burden of storage, insurance, or account fees. As a digital asset, it combines the everyday utility of a currency, backed by the value of the precious metal. This allows EAU to overcome the volatility problem affecting traditional cryptocurrencies.


     
  • How to buy digital gold?

    With Castro, we’ve made it very straightforward for you to buy digitalised physical gold (EAU).

    From the main dashboard of your Castro account, you simply enter how much money you would like to spend or how much gold you would like to buy, and you can purchase gold, at the market price, in a matter of seconds.


     
  • How do I know I’m getting a good price for gold?

    As we have vaults all over the world, Castro is able to offer you the best price selected from all the major trading hubs around the world.

    For this reason, Castro is able to offer some of the lowest industry pricing on physical gold, globally.


     
  • How to invest in gold?

    You just need to sign up for a Castro account to purchase gold through our platform. If you wish to trade cryptocurrency for Castro gold, it’s not necessary for you to verify your ID.

    You can either purchase precious metals through the easy-to-use widget on the main Castro dashboard or the Castro Exchange, a world-class precious metals trading platform.

    Castro has made investing in fully allocated physical gold very simple, cost-effective and uniquely profitable. When you invest in precious metals with Castro, you receive a passive yield on physical gold bullion, securely stored across multiple vaults globally, without charge.


     
  • How to trade gold?

    A market order allows you to instantly buy or sell precious metals at the current market price.

    A limit order allows you to set the price at which you wish to buy or sell EAU or KAG. The trade will only be executed when the market price corresponds with your chosen price. Limit orders effectively allow you to trade automatically, entering and exiting markets at the price you wish.


     
  • Is Castro gold a stablecoin?

    Yes, Castro gold (EAU) can be described as a stablecoin – a cryptocurrency that derives value from its tie with an underlying commodity. EAU is a digital asset backed by 1 gram of fully allocated, fine gold bullion, offering holders secure ownership of a precious metal that has held its value throughout history. With the aid of blockchain technology, Castro has digitalised the proof of ownership of physical precious metals.

    The price of Castro gold aggregates the cost of physical gold bullion across a network of global vaults, secured and insured by our partner company, ABX.


     
  • How is Castro able to offer free storage on fully allocated gold?

    We are able to offer Castro users chargeless storage on their precious metals holdings, by utilising the robust vaulting network of ABX. Additionally, a share of Castro global transaction fee revenue is allocated to covering vaulting costs.


     

Head Office:

Address : 77 Marsh Wall, London E14 9SH, United Kingdom

support@castro.com