c0ffer Gemstone Sales Announces GLBSE - GEM Listing
GEM GLBSE shares are attached to the value of physical gemstone assets allocated to the shares. Shares can be redeemed for physical inventory. Physical inventory for these shares are diamonds.
Current holdings: Diamonds 1ctw (1 pt. x 100)
(pic only shows some of the entire carat)
Shares Issued: 100 (1 share = 1 diamond)
Shares Available For Sale: 50 (25 SOLD)
Opening bid for shares is 1BTC
This is an experiment in tying BTC to the value of diamonds
I have allocated 100 1pt. diamonds to be held against the shares sold.
If you own a share, you own a diamond.
If you want to cash out your share, you will be sent a diamond (you must pay for shipping).
I have released 25 shares for sale and will release another 25 if the first 25 sell.
If I sell the diamonds for a profit, the proceeds will be reinvested in more diamonds and increase the value of the shares proportionately.
This should be interesting to see how it goes
Feel free to post questions or PM for more info.