Get Gold Backed Coins. The best alternative on the market. GBC

[@GBC]

Are you looking for a better alternative?

An alternative that offers security and opportunity at the same time?


The French Finance Ministry wrote in their report about virtual currencies (part III on page 7) that


                "The creation of [...] Gold Backed Coin (GBC) lessens the financial risk
                        
                                connected to virtual currency price volatility."

                   http://www.economie.gouv.fr/files/regulatingvirtualcurrencies.pdf

                                                  This is what we stand for.



For more INFORMATION about our product visit our website: http://www.gbc.is

To the first 100 interested users we give 25 XRP starter package each.

Feedback is welcome in this thread!

The next book building starts on August 29, 15:00 CET

Here you'll find more detailed information:



                                              G O L D  B A C K E D  C O I N    (GBC)


                         WORLD'S BEST VIRTUAL CURRENCY FULLY BACKED BY GOLD



ANNOUNCING

Simply stated, Gold Backed Coin (GBC) is a revolution in its field. Its 100 % backing by physical gold adds a new dimension to the term cryptocurrency: There will be price stability downwards, while upwards there is no limit, and the free market defines the price.

ISSUING

Driven by a new concept, GBC differs from all other virtual currencies. Gold Backed Coins are issued following a book building process in which their current price is to be defined. Prospective holders hand in their orders by choosing a price within a given span. The maximum order volume will be calculated to serve the demand – and it may well be that the individual user gets GBC for a price cheaper than ordered. The first book building will take place from April 9, 2014 15:00 (CET) to April 22, 2014 15:00 (CET).

TRADING

Gold Backed Coins are tradable online within the Ripple network. Existing since 2011, this is an advanced system for trading currencies safely and quickly against each other worldwide. The prime place for trading GBC is the GBC/BTC market integrated in the Ripple network – but users can easily create new markets in which to buy or sell GBC against other currencies.

MINIMUM PRICE GUARANTEE

Interventions on the GBC/BTC market will happen, should the market price drop below the backed value of the coin. The physical gold reserves will be used to guarantee investors this important advantage.

AMOUNT OF COINS

The exact amount of GBC in circulation will depend on the specific demand during the book building processes. In any case, all GBC will be backed by one tenth of an ounce of gold per coin.

SPECS

Currency code: GBC
Value: Backed by one tenth of an ounce of gold per coin
Issuance: Via book buildings on http://www.GBC.is
Trading place: Ripple network (mainly GBC/BTC market)
Requirements: On Ripple grant trust to the correct issuer
Issuer address: rG52A1pZBGER9tCvTdVh3zf1WJokjjVfJu
Options: Tradable against all currencies on Ripple
Guarantee: Price guarantee active below gold backed value
Maximum: Defined by demand

SPECIAL ADVICE

Become a lucky WINNER: Register an account, follow us on Twitter or like us on Facebook in order to take part in the competition! 13 GBC will be the prize for the winners. Find more details on our website!

MORE INFORMATION

Homepage: http://www.gbc.is
- Info: http://www.gbc.is/info
- News: http://www.gbc.is/news
- Tutorial: http://www.gbc.is/tutorial
- Order: http://www.gbc.is/order
- FAQ: http://www.gbc.is/faq
- Register: http://www.gbc.is/register
- Newsletter: http://www.gbc.is/newsletter

Contact: support@gbc.is

Other Sources:
- Facebook: https://www.facebook.com/pages/GBC-Gold-Backed-Coin/273646059461457?fref=ts
- Twitter: https://twitter.com/GoldBackedCoin
- iOS App: https://itunes.apple.com/us/app/gbc-gold-backed-coin/id841402612?mt=8


Take part in the BOOK BUILDING! We are looking forward to serving your orders for Gold Backed Coins.

[1715254428]

1715254428

[1715254428]

1715254428

[SecondsOld]

If it's backed by gold then it's backed by me.

[CanaryInTheMine]

interesting idea, but flawed: counterparty risk.  if you don't control the physical gold, you don't own it. 

[DougB62]

If it's backed by gold then it's backed by me.

If it's backed by gold, And it's backed by SecondsOld, then it's backed by me.  

interesting idea, but flawed: counterparty risk.  if you don't control the physical gold, you don't own it.  

True - but this should be able to be addressed by keeping the reserve in a trusted precious metals exchange, with stipulations that it can't be touched without certain conditions first being met, no?

[#coinmarkets cartel]

can I just take the gold and leave the coin ?

[DougB62]

can I just take the gold and leave the coin ?

  Yeah - let's all just mine gold instead... (no sarcasm intended here... just humor)

[@GBC]

If it's backed by gold then it's backed by me.

If it's backed by gold, And it's backed by SecondsOld, then it's backed by me.  

interesting idea, but flawed: counterparty risk.  if you don't control the physical gold, you don't own it.  

True - but this should be able to be addressed by keeping the reserve in a trusted precious metals exchange, with stipulations that it can't be touched without certain conditions first being met, no?

What we offer is regular proof by the financial institute where the gold is stored and how much of it is stored.

[MineP.it]

Isn't this the same as GoldReserve Coin?

[@GBC]

can I just take the gold and leave the coin ?

the difference is that with gold you're bound to the official gold price whereas GBC is a virtual currency. therefore, due to the investor's market decisions and speculation GBC's price may well rise above the gold price.
to limit the risk for the investor, we offer a minimum price guarantee to intervene on the market in case the price of GBC would drop below the gold-backed value.

[@GBC]

Isn't this the same as GoldReserve Coin?

one decisive feature of Gold Backed Coin is that it's fully backed by gold and that we work with a book building mechanism

a lot of useful information about GBC can be found in our FAQ:
http://www.gbc.is/faq

[CanaryInTheMine]

If it's backed by gold then it's backed by me.

If it's backed by gold, And it's backed by SecondsOld, then it's backed by me.  

interesting idea, but flawed: counterparty risk.  if you don't control the physical gold, you don't own it.  

True - but this should be able to be addressed by keeping the reserve in a trusted precious metals exchange, with stipulations that it can't be touched without certain conditions first being met, no?

What we offer is regular proof by the financial institute where the gold is stored and how much of it is stored.

You mean paper statements? Lol or video you can't touch?
Should any gold depository fail this coin is toast

[@GBC]

If it's backed by gold then it's backed by me.

If it's backed by gold, And it's backed by SecondsOld, then it's backed by me.  

interesting idea, but flawed: counterparty risk.  if you don't control the physical gold, you don't own it.  

True - but this should be able to be addressed by keeping the reserve in a trusted precious metals exchange, with stipulations that it can't be touched without certain conditions first being met, no?

What we offer is regular proof by the financial institute where the gold is stored and how much of it is stored.

You mean paper statements? Lol or video you can't touch?
Should any gold depository fail this coin is toast

I appreciate your joke :-)

we know that it's not easy to convince critics as there are many scamcoins in existence.

gold backed coin is different from them. therefore, the regular proof will be official statements of the financial institution where the gold will be stored.

[@GBC]

Get your GBC starter pack with free 25 XRP here:

http://www.gbc.is/givexrp

(you have to register first before you can receive your XRP)

[x100algo]

Coins receved, thanks but just 25 not 100.

[DougB62]

Coins receved, thanks but just 25 not 100.

Same here.

[smoothdoger]

The book building process is just fucking retarded as are most of the ideas here.

[@GBC]

Coins receved, thanks but just 25 not 100.

thanks, mistake

correct: the first 100 applicants receive 25 XRP each.

[@GBC]

The book building process is just fucking retarded as are most of the ideas here.

you're welcome to share your more innovative ideas with us, mate 

[@GBC]

Like us on Facebook - https://www.facebook.com/pages/GBC-Gold-Backed-Coin/273646059461457?fref=ts

and

follow us on Twitter - https://twitter.com/GoldBackedCoin

[@GBC]

Information on how to proceed in the book building can be found here:

http://www.gbc.is/tutorial