Great Side Hussle $$$ Innovation Idea for BCN Take Note Directors

I think Beacon could run a side business and sell gold on their website. Perhaps a new seperate website and even an app.

Pay in AUD, USD, Bitcoin, BUSD and in stable coin gold. They could also get innovative and issue their own Crypto that provides discounts when used. Check out BNB / Binance / Chilliz, could be easily launched and would generate income like an IPO.

https://*********.com.au/perth-mint-launches-worlds-first-government-guaranteed-gold-backed-crypto-token/

Or

Gold Standard (AUS) is a revolutionary ERC-20 token that is tethered to the price of Gold. One AUS Token is equal to 1 Gram of pure Gold Bullion.

Ainslie Wealth have created AUS with the intention of providing an easy way to purchase Gold without having to worry about the typical complications of investing in the precious metals space.

The Tokens have a website (www.goldsilverstandard.com) which promotes the product, details the mechanics, provides a portal to interrogate the blockchain and database, and display audits and the Terms & Conditions.

Every single bullion bar of real Gold and Silver is stored in the Reserve Vault, one of the most secure facilities in the Southern Hemisphere according to Ainslie Wealth.

Use some of the cash they have to develop something physical and income earning.

Note gold does not attract GST it would seem.

Is GST charged on precious metals?

Investment grade bullion ( 9960+ for gold and 9950 + for silver) is exempt from GST in Australia. Please note that the vast majority of world coins designed for circulation are below this purity and will have GST applied to them. Please ask if you have any questions regarding coin products.

What are your thoughts? Honestly it wouldn't cost too much for a website and app. Could use shopify even. Its not hard to get a bitcoin wallet too.


If they developed a Crypto and staked and launched on Binance it could make them a lot of money.