Which GOLD backed coin/token do you think the best?

[Pffrt]

A current one is GOLD stablecoin which is promoting their project in the forum through signature campaign. I haven't checked that yet. What do you think about this project or any other project you know which you think the best GOLD backed token, please share your opinion here. Would appreciate a healthy discussion.

[Slow death]

in all honesty, I would prefer to buy gold in the real world and hold it in my home safe, I don't see why people buy these altcoins, but it seems to me that this project is the most viable at that moment

https://bitcointalk.org/index.php?topic=5161544.0

[hosseinimr93]

in all honesty, I would prefer to buy gold in the real world and hold it in my home safe, I don't see why people buy these altcoins,

You can use such altcoin for trading.
Many people use tether for trading, although there is no evidence that tether is really backed by dollar.
There is no doubt, a token backed by gold is better than a token backed by a fiat money that can be easily printed by Federal Reserve and we don't know if it is really backed by that fiat money.

A token backed by real gold can be used for buying and selling gold anonymously and very fast.  
You can also buy and sell tokens backed by gold at any fraction. You can even buy and sell 1 dollar worth of tokens.

[YOSHIE]

There is nothing wrong if you want to try gold-backed crypto like GOLD, I've tried to invest and also DGX crypto is also a gold-backed coin.

Maybe, everyone knows, gold is a precious metal that has been invested by many people for a long time, With GOLD technology, DGX is increasingly sophisticated today, it can be the best choice today to make transactions on crypto assets.
What is more interesting is that if you look at the stable price movements, this is a good step to consider in investing in the future, If you trade on DGX coins you already have 1 gram of pure gold, try to imagine if the price increases every day, the profits you get, must exceed 1 gram of gold every day / week or month.

[Febo]

A current one is GOLD stablecoin which is promoting their project in the forum through signature campaign. I haven't checked that yet. What do you think about this project or any other project you know which you think the best GOLD backed token, please share your opinion here. Would appreciate a healthy discussion.

None? Why? Because by far the best is to buy gold and store it at home. That way you have it and nothing can happen to that gold. This centralised gold backed tokens can be abandoned. Gold that is backed can be stolen. Owners of those tokens can bankrupt. Owners of those tokens can simply steal all gold and vanish.

Why would anyone risk all that if he can simply buy gold and store it?

[akram143]

https://bitcointalk.org/index.php?topic=5161544.0

This project live from 2019 and still paying until now, so it indicates that this project is legitimate. I don't know any project backed by GOLD except this one.

If you want to find more gold backed projects then visit ANN section but in my opinion most of them were scams and not actually backed by the reserve gold.

[Mulann2]

I really do not trust any of those project which claims to be backed by real gold because I think it is not easy to have a real gold backed a digital currency, gold on its own is not such an easy commodity to have, and not many countries have this resources,  but suddenly,  some project will claim to be backed by gold.

[NeuroticFish]

None? Why? Because by far the best is to buy gold and store it at home. That way you have it and nothing can happen to that gold. This centralised gold backed tokens can be abandoned. Gold that is backed can be stolen. Owners of those tokens can bankrupt. Owners of those tokens can simply steal all gold and vanish.

Why would anyone risk all that if he can simply buy gold and store it?

Buying gold and storing it poses some risks too, from the obvious part that the gold can easier be stolen from you to the pure convenience. A GOLD based coin or token can be easier acquired, can be easier sold and you don't have to bother with the storage. And, instead of the actual gold, this goes anonymously and doesn't attract attention.

But indeed, you are correct, in the case of any stable coin you need to trust the issuer won't just go away with the money (in this case the actual gold).

For such an endeavor - make a business based on physically backed coin/token - there are 2 ways to earn money:
* sell the token to enough people and run with the money (and hide from the law afterwards)
* make it a clean business, earn from the fees and grow the business in time

The ones I advertise look good and seem to go as a clean business. They are more than one year old already and the fact the quantity of actual gold (stored in a 3rd party vault) can easily be checked gives (at least gives me) quite a lot of confidence they do the things right.

[Fatemablabla]

I will not trust any gold backed project in the long run. They are saying that the project is backed by real gold. But do I see it or do you saw it? No. So, how do I trust you?  Then it comes to centralized or decentralized questions. Most of these projects are centralized projects. So, they can do anything to the price of the altcoin as they want.

So, I will prefer the real gold to buy instead of this gold-backed project which I am not sure about their background.

[akhjob]

There are a lot of Gold backed projects available in the market today. Almost all of them are centralized and most of them are dead projects. If you ask me, it's better to avoid them.
This article claims that 30 projects failed and 77 projects are existing.

[Moeda]

There are a lot of Gold backed projects available in the market today. Almost all of them are centralized and most of them are dead projects. If you ask me, it's better to avoid them.
This article claims that 30 projects failed and 77 projects are existing.

Yes, there are many projects that claim to be the equivalent of physical gold. But I see that development is not all of equal value to physical gold. How do they claim to be gold? The prices of gold coins differed greatly from one another. If the coin is stable, the coin rate is at a fiat money value.

[GideonGono]

in all honesty, I would prefer to buy gold in the real world and hold it in my home safe, I don't see why people buy these altcoins, but it seems to me that this project is the most viable at that moment

https://bitcointalk.org/index.php?topic=5161544.0

I agree this project seems nice and really backed up with gold I mean the campaign has been around for so long but I think there hasn't been any issue about it at all.
And just to add up their token really have a value as they've promise so I think they are the best Gold coin/token in crypto right now if they would continue to do what they have started.

[seramania]

crypto with a proven gold concept always attracts many investors and also many enthusiasts. you can try to do this, see if gold has a price that always increases, you can try to invest there and it doesn't hurt you to experiment with investing.

[Kocret02]

GOLD stablecoins are currently popular, but in recent years a lot of coins have been backed by gold. and of course it is one of the coins that is easy to develop because this gold has a high level of popularity in the community

[livingfree]

It is one of the most stable signature campaigns for bounty recently.

A token that's backed by gold and it's a stable coin that made it unique.

I really do not trust any of those project which claims to be backed by real gold because I think it is not easy to have a real gold backed a digital currency, gold on its own is not such an easy commodity to have, and not many countries have this resources,  but suddenly,  some project will claim to be backed by gold.

We can have the option to invest in real gold if you want to. So if you are confident investing to a token backed by gold, you can go directly to real gold suppliers and have your investment on it.

[aprilnot]

I don't think there's any good. all coins backed by gold none of them are successful, all end in failure.  So instead of looking for coins like these, it's better to invest in a stablecoin that is directly supported by Fiat. it is safer even though it is difficult to get profit from this investment.

[Rengga Jati]

So instead of looking for coins like these, it's better to invest in a stablecoin that is directly supported by Fiat. it is safer even though it is difficult to get profit from this investment.

It's funny. How can do you prefer to invest in a stablecoin while you said it is hard to get profit from that coin? What is the purpose of investment, buddy? Profits, right?   For me, keeping a stablecoin doesn't categorize as an investment, but only keep your funds without profit purpose. If there is a GOLD backed coin/token which has big volatility, it is much better to choose as an investment than you buy a stablecoin. There are always risks for a bigger chance for profits, so don't be afraid if you know how to do it properly.

[n0ne]

More gold backed altcoins have reached the market and few have succeeded attracting more investors. Right now gold stable coin looks to be promising, but it is upto every individual plan on investment. As an user stated keeping gold as a backing is a way to increase the legitimacy of the project. We don't know how much gold is being there in the reserve associated with the token supply. Everything on trust, when you look for gold as a security it is good to go with real gold.

[chanc3r]

This is the most reliable gold backed token this time https://gold.tether.to/

It has been creating by tether and we know very well about the reputation of tether. It was also having so many stable coins right now.

I think that XAUT tether is the best gold backed token that issued by the trusted company called TG Commodities Limited which is fully verified by the UK regulators
https://beta.companieshouse.gov.uk/company/03684340

[bitsurfer2014]

A current one is GOLD stablecoin which is promoting their project in the forum through signature campaign. I haven't checked that yet. What do you think about this project or any other project you know which you think the best GOLD backed token, please share your opinion here. Would appreciate a healthy discussion.

So far, I'm not aware of any interesting gold backed stable coin other than this one. Although it has promoted a thriving signature campaign for the past several months now, it doesn't really mean it could be the best ever we have encountered.

If I'm not mistaken, since the last time I've checked, their gold deposit certificate was only worth for a few hundred thousand dollars and it would be nice if they could increase its liquidity by depositing more gold in their behalf. In that way, they could attract more adopters if people think they are really legit. Imho.

[Akiko]

A current one is GOLD stablecoin which is promoting their project in the forum through signature campaign. I haven't checked that yet. What do you think about this project or any other project you know which you think the best GOLD backed token, please share your opinion here. Would appreciate a healthy discussion.

This is the only one I know that they are project  real backed by gold. There are other project also that but they are only claiming that  they are backed with real gold .we don't know if its real or not unless they send you a  piece of gold base in your investment or real world office and photo of the gold they are claiming they have. We already have many project backed before but they are now forgotten or doesn't have a good value in exchange right now.

[Pffrt]

in all honesty, I would prefer to buy gold in the real world and hold it in my home safe,

There are reasons, a lot of reasons. If I purchase Gold in real life, I have to take care of it by keeping it in secret place. Moreover, I have to face some hassle too in case
l purchase bigger amount. There are more reasons why virtual GOLD or gold backed coin is a good idea if the project is good one.
On the other hand, with GOLD backed coin, there's no much pressure. I will hold it virtually and no one else will know even.

[the_thing]

I don't usually like holding gold-based crypto but due to this ongoing pandemic, I decided to invest in them as well. Currently, I am holding Paxos Gold (PAXG) which looks good so far but you can also give tether's gold-backed token a try too.

[elda34b]

It has been creating by tether and we know very well about the reputation of tether. It was also having so many stable coins right now.

As far as I can remember, Tether is far from reliable. Their USDT backing has changed multiple times from 1:1 USD backed into something like 70% USD, 20% gold, and 10% of mixed assets. I definitely don't think that they're reliable and can be trusted for now.

[NavI_027]

Like the few members who replied, I'd rather buy a real gold than buying an alt backed with gold. Because having a real gold is nice but on the other hand we really can't sure if such projects are really backed with gold or not. Maybe that is only to make their coin a little bit distinct from the others thus attract more investors, who knows?. And even if some are proven and tested, I still won't buy their concept because those coins which are based on aplications are enough for me. Besides, I am not a fan of stablecoins, I love crypto's volatility even if it bites me back sometimes lol .

[kindbtc]

A current one is GOLD stablecoin which is promoting their project in the forum through signature campaign. I haven't checked that yet. What do you think about this project or any other project you know which you think the best GOLD backed token, please share your opinion here. Would appreciate a healthy discussion.

To be honest i am not holding any gold backed token because i am mostly suspicious about their authenticity but if i ever went to hold such tokens i will get Pax Gold (paxG) definitely because Pax is a registered and licensed company and is compliant with financial regulators also they have big plans for future and also they are going into partnerships with some very big names like paypal too. So definitely i will pick paxg as the most solid gold back stablecoin.

[tvplus006]

in all honesty, I would prefer to buy gold in the real world and hold it in my home safe, I don't see why people buy these altcoins, but it seems to me that this project is the most viable at that moment

https://bitcointalk.org/index.php?topic=5161544.0

Yes, I have been watching this stablecoin Backed by Gold for a long time and judging by the past time, it works stably. The advantages of such a stablecoin become obvious at such moments when the price of gold increases in relation to the dollar.But despite these advantages, I still keep my Deposit in USDT and fiat.

[minairia3]

This is the only one I know that they are project  real backed by gold. There are other project also that but they are only claiming that  they are backed with real gold .

Just because it was traded across different exchange it does not mean it is back by real gold. So far I know that there is no project or anything that backed digital asset by gold. Maybe they can say that but if we ask the institution holding back and authorizing gold services would you think they will recognize that?

There are a lot of claims that they backed up with gold, really? Avoid that nonsense gesture cause we all knew it really was not.

Id rather trust buying gold on a jewelry store than these kinds.

[Vishnu.Reang]

This is a very risky proposition. Cryptocurrency market in most cases is unregulated and even if someone claims that he has backed up his coin with fiat cash or bullion, there is hardly any method available to verify those claims. And even if the coin is backed up, nothing prevents the team from selling or loaning the assets. I would rather stick with physical gold for now.

[DoubleAweSeven]

This is a very risky proposition. Cryptocurrency market in most cases is unregulated and even if someone claims that he has backed up his coin with fiat cash or bullion, there is hardly any method available to verify those claims. And even if the coin is backed up, nothing prevents the team from selling or loaning the assets. I would rather stick with physical gold for now.

I've check the project and the project that the OP mentioned is actually good if you see how they are transparent with their holding. Investors can verify this holdings and they actually have certificate to prove this. If their team decides to sell their gold, then it can be manually checked by the investors. This is still cryptocurrency though so in essence, this tokens doesn't have any value at all, it's like a fiat dollar which is backed by gold reserves.