A gold token that ships to your door

Our service has supported PAXG and Tether's XAUt gold tokens for a while now. They are great tokens with a strong track record and liquidity, but they have one drawback: redeeming them for actual gold is mainly theoretical, since it's only possible in very large quantities.

That's why we're excited to launch today the SGG gold token by Swissgrams, which can be easily redeemed in 1 oz increments and shipped right to your door.

What is SGG?

Each SGG token represents one physical coin of one troy ounce of gold, stored in Switzerland.

More importantly, each token is a co-ownership property title under Swiss law in the underlying physical coins. You don't hold a synthetic claim or a paper promise. You directly co-own segregated physical gold, with the legal certainty of Swiss property law behind it.

Why SGG stands out

Unlike other gold tokens, the big advantage of SGG is to be easily redeemable for real gold.

Each full SGG token can indeed be converted into its physical 1 oz gold coin counterpart, which is shipped to your address for a redemption fee (currently 0.5%) plus shipping. Alternatively, it can also be collected in person at the Pro Aurum shop in Kilchberg, Switzerland (next to Zurich).

This easy redeemability opens up something cool: you can start a gold savings plan with any amount by buying SGG via recurring transfer, then convert those crypto savings into physical gold each time you reach a full SGG token.

The SGG is also Swiss from end to end: it's issued by a Swiss company (Swissgrams AG), it's backed by gold stored in Switzerland, and it's governed by Swiss law as explained above.

Try it now:

How does SGG compare to PAXG and XAUt?

PAXG and XAUt are the best-known gold tokens, and they do a good job of tracking the gold price. But redeeming them for physical metal is designed for large holders: the minimums are very high, and the gold is delivered at the vault location.

🙋‍♂️ FAQ

What is SGG?

SGG is a gold token issued by Swissgrams AG. Each SGG corresponds to one troy ounce of gold in a reserve of sovereign gold coins stored in Switzerland.

Is SGG really backed by physical gold?

Yes. Each SGG represents a co-ownership share in a reserve of physical sovereign gold coins, corresponding to one troy ounce of gold content, held with a specialist vaulting provider in Switzerland.

Why is the SGG price different from the 1 oz gold price?

Because SGG is backed by real one-ounce gold coins, not by a fraction of a bar. Every time a token is minted, the actual coin has to be bought. It is bought at wholesale prices, but a coin still costs more than the same weight of gold in a bar, because of the cost of manufacturing the coin itself.

That premium over the spot price of gold varies with coin availability, and it is typically in the range of 2% to 4%. You would pay it too if you bought a coin yourself from a retail dealer.

Coins are a much more convenient backing than bars. They let you redeem gold in small quantities, starting from a single coin of one ounce. They are simply more practical than kilobars, or worse, 400 oz bars. Coins are far easier to sell, trade and dispose of, without running into the paperwork and reporting thresholds that a single large transaction triggers when you try to sell something like a 1 kg bar.

Is there a minimum amount to buy SGG?

No. SGG is fractionable up to 6 decimals, so you can buy, swap or cash out any amount with us.

How do I buy SGG?

Go to our SGG buy page, select the purchase method (bank transfer or card), choose the amount and the purchase currency, then continue. You will have to provide and verify a receiving wallet address, then proceed to the payment. Your SGG will be delivered to your wallet shortly after we receive your payment.

Can I set up a gold savings plan with SGG?

Yes. You can set up a gold savings or DCA plan with us by buying SGG regularly with any amount, for example through a recurring bank transfer. Each time you've built up a full token, you can redeem it for a physical coin.

How do I redeem SGG for physical gold?

To convert 1 SGG or more into actual gold, go to the Swissgrams redemption page then follow instructions to send them your SGG and provide your shipping address.

Can I redeem a fraction of a token?

No, physical redemption works in whole tokens only. Any fraction stays in your wallet, and you can keep adding to it until you reach a full token.

How much does redemption cost?

There's a 0.5% redemption fee plus the shipping cost, which depends on where you live.

Can my gold be shipped outside Switzerland?

Yes, Swissgrams can ship gold abroad on request. Please contact [email protected] for more information.

Can I collect my gold in person?

Yes. You can pick up your coins at the Pro Aurum shop in Kilchberg, near Zurich in Switzerland.

Which blockchain is SGG on?

The SGG token is live on Ethereum with the address 0x2Bd214946806DbEE88Dd3b44b26A21759723d8A2.

How is SGG different from PAXG and XAUt?

All three track the price of 1 troy ounce of gold. SGG's difference is that you can redeem it for physical gold from just 1 oz and have it shipped to your door. Redeeming PAXG and XAUt requires very large amounts and only happens at the vault location. SGG is also issued, stored and governed in Switzerland.

What are the risks?

Like any gold investment, the value of SGG follows the gold price, which can go down as well as up. This article is for information only and is not investment advice.