Bitcoin Forum

Hi

Is there any great altcoin that is connected/backed by the gold price?

Please list a few options, I am sure there are some out there.

Such a coin would be a great protection during financial crises.

Thank you in advance for your help, looking forward to your feedback

all crypto curency price not related with gold price
crypto curency unique price not related  and conected gold price or dollar price

actually altcoin, gold, and dollar, almost the same. it's just that gold and the dollar are not too volatile like altcoin, and new altcoins keep popping up

in my opinion, the gold-related altcoin is separate. Because Altcoin has its own system and how to mine it is also different from gold. and fluctuating prices make a difference between the two.

one project i know which connected to gold is dgx or dgd, but i dont know the realationship between dgx and dgd, also dgd and gold price actually.

There isn't a cryptocurrency connected to the gold price. Often prices of both crypto and gold will both move in the same direction as they are both seen as a hedge against geopolitical risk but that shouldn't be seen confused with a correlation.
If you want to invest in gold either buy physical gold or invest in a gold ETF.

i agree altcoin its because altcoin came from new technology using computer, altcoin mining  using internet connection, gold mining came from land or came from mountain using of heavy equipment, so have a big defferent on that speculation, altcoin camparing to gold.

In my opinion there is no altcoin connected to gold as this two have there own differences...one differnces of alt to gold is the way and method of mining.  no altcoin as of now as far as i know have also close to the price of gold.

I watched an interview of florian homm, a german hedge funds manager. the interview is in german though.

he spoke about investing in cryptocurrency that is based on gold but he did not say the name of the coin.

i also did not properly understood how this should work.

is there anyone who knows that? he said that there is a lot of potential in it, especially in a financial crisis.

would love to know what exactly he is referring to...

It is bitcoin for sure,you know why?Because it has the hjighest amount and the highest number of investors.Many people think that eth can do the same as btc,but not really because btc is the largest cryptocurrency that is earning large amount of money every single Time and it is the most popular and known in the cryptoworld.

I've heard about that altcoin already backed by the gold https://cofound.it/en/projects/x8-currency/

You can try to read all of the explanation and the project already used the fiat and gold to backed the project. But it still on the development. It will be the crypto that connected to the gold price.

The altcoin is separate from gold and is separate from  currencies , and I think that is become better than gold or the other currencies

bitcoin = gold. get over it.