I do not understand why buy an altcoin whose price and based on gold when with btc you can buy gold directly ....
Exactly! At least you know that you are buying real gold.
And with this one, claiming to be backed by gold, you have no guarantee that they are saying the truth here.
As far as I can remember, at one point, the tether team admitted that they were not fully backed by dollars.
So now, they are creating tether gold? Are they going to admit later on that they have no sufficient gold holdings to back up their supply?