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

in #bitshares7 years ago

The Quint price is set by the US Treasury daily price of the US Gold Eagle proof coin. This carries a premium over the gold spot price on the COMEX. Quintrex is using the premium built into the proof coin to pay for perpetual vaulting of the coins. I give further details here: https://steemit.com/cryptocurrency/@ochbiak/crypto-as-lawful-money-the-quint

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