As a start-up, due to the lack of supervision, the credibility of the platform is insufficient, which is the shortcoming of the "money bag".
Although in terms of external risk management and control, the "golden wallet" has been fully prepared. For example, when investors buy every single gold, the "gold wallet" will buy the same amount of gold contracts from the Shanghai Gold Exchange to hedge the risk of price fluctuations; Limit the daily trading of gold to avoid liquidity risk; Conduct due diligence on the financing object to ensure that the gold it melts is used for its main business, reduce credit risk and so on. However, there is still a gap in the management and control of internal operational risks such as the flow of platform funds.
"'money package' is not a financial institution at present, but an independent legal person. Lack of clear regulatory agencies to supervise it, relying more on the self-discipline of the platform. This kind of behavior of being both an athlete and a referee invisibly hides some risks. "