I just read this post
http://cointia.com/post/2612 and though it was too good not to share:
“We already sell physical gold through our Royal Mint Bullion business and we sell coins and bars. In this sense what we’re doing here is simply making that a digital business and allowing for our clients to be able to hold gold for the first time on a Blockchain basis.”We are talking here of a reputable institution that is issuing a gold backed token. The immediate use case is using it a refuge during the Bloodbaths and Red Weeks. I would appreciate if anyone can confirm this news, as it is very relevant for traders and hodlers alike.
For those that don't get the picture, Bitcoin and gold (and Alts) will now be mutually tradable once these tokens hit the exchanges, so you can potentially protect yourself from big dumps.
