RE: New Cryptocurrency Backed by Gold - ICO happening now!

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New Cryptocurrency Backed by Gold - ICO happening now!

in ico •  7 years ago 

in 2011 it was recorded there is around 5,820,203,717 ordinary ounces of gold. Which would be 162,965,704,076 grams of gold.

ico
7 years ago by

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      ·  7 years ago 

    LOL - thats not theirs..most of this is in private insitutions and families ! central banks etc

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        ·  7 years ago 

      It was the calculated amount of gold in the world yes, not what this new ICO owns. But you said there isn't enough a gold, which is BS.

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          ·  7 years ago 

        Yes you are possible correct, there is probably more than that, which is never recorded - but for them to say its asset backed by gold, they need to OWN the gold and they would never be able to own enough gold to sustain this type of coin - each coin would have to be assigned to a person with a SKR - this would never happen ... sorry dont believe in this - sound good but I believe its a ponzi scheme.....

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            ·  7 years ago 

          You could be right, but that wasn't the point of the article.

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              ·  7 years ago (edited)

            lets agree to disagree - I think its a ponzi scheme and you like the idea of it as a new form of digital currency --:)

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