In the gold market, and in financial markets in general, the difference between the buy price and the sell price is known as the â€œbid-ask spreadâ€. It is the amount by which the Buy Price is greater than the Sell Price. This spread is how we cover our costs and make a profit.

FAQs – Page 2

Q: How can I sell my gold or cash out?

You can sell your gold or cash out at any time, 24/7 via PayPal or ACH or Swift bank transfer, and Payoneer (*coming soon) at the latest or real-time market price of gold.

Q: How do you define the price of gold in the Qenta App?

The price of a gold is derived from the live market price of gold (which is quoted in US dollars per troy ounce) converted into grams. We sell Responsible Gold™, which means it has proof of responsible provenance from miner to refiner to vault. The price we display to customers includes a spread. That spread may vary based on the transaction amount, currency, and time of day in which you are transacting. The ethos behind our pricing is to provide customers with a competitive price for responsibly-sourced gold and a highly liquid market in which to buy, send, and spend digitized gold, 24/7.

Q: What are the benefits of gold ownership?

Because gold prices often do not trade in the same direction as the stock market, some compare buying gold to buying insurance. You may not need it, but it may be beneficial in some circumstances. This diversification means that under normal market conditions gold prices may have low correlation to most asset classes and in times of stress, such as during â€œtail eventsâ€ and financial crises, gold prices' correlation may be negative. Gold may protect against the wealth decay of inflation and currency devaluation. There is no credit risk associated with owning physical gold. The drivers behind gold supply and demand tend to be independent of, and sometimes opposed to, other traditional reserve assets (like currencies, securities, and bonds), making physical gold an effective diversifier for investment portfolios.

Q: Why have gold in your portfolio?

There are a few reasons why you might consider including gold in their portfolio: Diversification: Gold tends to have a low or negative correlation with other asset classes, such as stocks and bonds. This means that gold can potentially help to diversify an investment portfolio and reduce the overall volatility of returns. Inflation hedge: Gold is sometimes seen as a hedge against inflation because it tends to retain its value over time, even when the purchasing power of paper currencies declines. Safe haven: During times of economic or political uncertainty, gold is sometimes viewed as a safe haven asset because it is widely recognized and accepted as a store of value. It's important to note that gold is not a risk-free investment and can fluctuate in value. As with any investment, it's important to do your own research and carefully consider your investment objectives, risk tolerance, and overall financial situation before deciding whether to invest in gold. Qenta does not provide tax, investment, or legal advice or advisory services.

Q: What is Responsible Gold™?

All gold available on the Qenta App is responsibly sourced gold (Responsible Gold™) that is institutional grade 99.99% pure gold that has been verified to be responsibly sourced. Qenta uses taper-proof solutions to record Responsible Gold™ custody transfers from mine-to-vault-to-market in real time. Third-party miners, refiners, logistics providers, and vault operators around the world have tracked gold with the Responsible Gold™ Supply Chain Application.

Q: How do I set up my Qenta Wallet?

First, you need to download the Qenta app from the Apple or Google Play Stores. Then, you will be prompted to register for your Qenta account. You will need to provide your email and country/state of residence as it appears on your government issued ID.

Q: What is the Qenta App?

The Qenta App is a secure digital marketplace that offers users the ability to view real-time prices, buy, sell, hold, and get paid in responsibly sourced gold (Responsible Gold™), with account management, transaction history, and charts for tracking market trends.