Amagi Metals is an online precious metals dealer with offices located in Austin, Texas; Bartlesville, Oklahoma; and Las Vegas, Nevada(USA). It was a rather modest venture and we probably wouldn’t write about it today. It came into prominence a few years ago, when it was purchased by Anthem Vault, a cryptocurrency company whose goal is to make gold and silver easy to sell, store, and buy with cryptocurrency.
Anthem Blanchard, founder and CEO of Anthem Vault outlined that “our goal is to provide the precious metals community with a trusted way to accumulate gold and silver.”
A brief history
The Blanchard name has closely been related to the precious metals business since 1971. This is mainly thanks to Anthem’s father, James U. Blanchard III, who vigorously fought for Americans’ right to legally own gold.
Amagi Metals was founded in 2011 and was one of the original precious metals companies to accept Bitcoin. The company decided to add Bitcoin in December, 2012.
Fast forward to 2017. The company, now under the tutelage of Mr. Blanchard, played with the idea of going all crypto and announced to their clients the company would cease taking credit and debit cards in favor of Bitcoin. The decision was obviously reverted later since as of today the company lists Visa, Mastercard, and PayPal among its payment options.
Anthem Blanchard didn’t stop exploring options. In 2017, Anthem Vault Inc. went on to develop its own cryptocurrency, AnthemGold. AnthemGold is a gold-backed cryptocurrency that is transferable across the Ethereum network.
The idea is to provide individuals with an efficient and liquid way to buy, own and sell physical gold and silver bullion. All metals are securely stored with an independent world-class vaulting facility in Salt Lake City, Utah, and are insured against loss by theft or natural disaster.
What are the benefits?
It’s all in security and insurance.
Each ANTHEM (AGLD) is backed by one gram of physical gold, securely vaulted with a non-bank operator and fully insured. Anthem Vault‘s high-security storage options paired with Amagi Metals’ crypto-friendly business model makes their online store a one-stop shop for all customers looking to invest into precious metals.
There’s also speed and savings.
As the AmagiMetals’ blog post explains, a transaction using AnthemGold can be performed for mere cents and executed in seconds, compared to dollars and several days as the case is with traditional banks.
Clearly, Mr. Blanchard is going all in on cryptocurrency. He believes the cryptocurrencies market has huge potential.
“In ten-year’s time, the cryptocurrency market could easily be worth a trillion dollars,” says Mr. Blanchard. Well, for us there is only one way to find out – wait and see.
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