RE: How the Quint can be worth more than the spot price of Gold

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How the Quint can be worth more than the spot price of Gold

in bitshares •  last year 

Quint is the updated version of the GLD index fund and the Central Fund of Canada (ticker CEF) which hold actual and audited gold/silver and sold as an ETF.

Would be nice if it is tradable across multiple exchanges in addition to Bitshares in the future.

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Quint is not an index like the GLD. For every 1000 Quint that are bought, Quintrex buys 1 Gold Eagle proof coin from the US Mint and places that coin in a UPMA vault. I have a Steemit post that shows how the Quint will be both Lawful Money in the 50 states of America as well as Legal Tender in the UNITED STATES (corporate DC and Territories - Guam, Puerto Rico, US Virgin Islands, Mariannas): https://steemit.com/cryptocurrency/@ochbiak/crypto-as-lawful-money-the-quint