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RE: Perth Mint to Create Gold Backed Crypto
So i could change one perth mint coin in for one whatever in gold as it will be backed by gold?
:O
So i could change one perth mint coin in for one whatever in gold as it will be backed by gold?
:O
That's what is sounds like!
would the ammount of gold or whatever its backed by go up or down with the price? like if the coin goes up 130% in 2 days in value would i get 130% more gold for cashing it in or would gold have gone up 130% in value and the coin is worth the same amount when chashed in?
O.o
I still like the idea of gold for crypto
xD
I think it's the other way around. If the coin is backed by gold, the coin's value will move with gold.. Gold would have to go up 130% for the coin to do the same. Unless I missed something..
Hell its better then fiat.
:D