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by snypher 189 days ago
>backed

>stable

>yield

You probably need to rethink this. Where would the yield come from? Who stores the gold? Where's the trust?

Ok, we buy $1m in gold and issue the coins. Gold price tanks, what to do?

2 comments

No I don't. PhD and MBA If you bring something to the table I would love to talk to you
The price of the backing asset doesn't matter. 1 oz = 1 oz.