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RE: VIDEO: Wealth Research Group: GOLD Stocks Catching Up - Expect Fireworks: Brian Paes-Braga (Fiore Gold)
Does anyone think that we will see currency backed by gold in the future again?
Does anyone think that we will see currency backed by gold in the future again?
Yes, a crypocurrency. Bitcoin will ultimatley fail because it is a technology solution that will become obsolete as better technologies replace it so it will not satisfy the store of value promises. Gold will always be a store of value but it's unweildy to spend in the digital age. A gold back crypto could offer the convenience of digital transactions with the backing and store of value that gold offers.
There are a couple still out that I know but not much has been made of them.
Oh and there is also the Bitshares DEX version called BitGold (the name is close, I might be slightly off there)
-- the Digix DAO is what came out a year ago or so.