RE: Perth Mint to Create Gold Backed Crypto

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Perth Mint to Create Gold Backed Crypto

in steemsilvergold •  7 years ago 

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..

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Hell its better then fiat.
:D