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

[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.

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[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.