Earnings on the gold
I just want to make sure I have understood this whole thing correctly.
If I buy 1000 $ worth of gold on BitGold and the price of gold goes up 10 % the next week. I would then have 1100 $ on my prepaid Mastercard, right?
Since I will actually own the physical gold, I must be the one taking the losses or making the earnings of a price swing?
It feels like a stupid question, but in the agreement, it says:
"You agree that you will not receive interest or other earnings on the Gold from BitGold."
So, I was a little bit confused by this. Of course, there is no interest, but aren't most people in BitGold to make earnings?
I am sorry if this question has been asked before. If it has, please disregard it and guide me to an answer. I just had to clarify this