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

[karlb187]

i like the reply about how we should just mine gold....there is none by my house so I might look into this one. 

[@GBC]

Find more information about GBC on our website:

http://www.gbc.is/info

[Amph]

there was already a coin "backed" with gold, and turned out to be a scam

[sukamasoto]

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)

I have signed up you know how I can get the XRP
whether the need for this wallet

[@GBC]

there was already a coin "backed" with gold, and turned out to be a scam

therefore it may be important to note that Gold Backed Coin has no connection to any inventor of scamcoins

and you will find all information necessary to prove that GBC is a trustworthy project in our FAQ:

www.gbc.is/faq

[@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)

I have signed up you know how I can get the XRP
whether the need for this wallet

after having registered you're logged in and you go to www.gbc.is/givexrp

there the first 100 applicants receive 25 XRP each
(the amount needed to start trading within the system)

[@GBC]

Here is the link to our press release.

GBC was launched in March 2014 as the first virtual currency fully backed by gold:

http://www.prnewswire.com/news-releases/the-next-revolution-in-the-world-of-cryptocurrencies-252622471.html

[dogetime]

Seeing as this is a gold backed coin, where can I exchange the GNC for physical gold?

[@GBC]

Seeing as this is a gold backed coin, where can I exchange the GBC for physical gold?

hello dogetime, thank you for this great question

the concept of GBC is similar to that of a goldseller, but it is not the same. if you take your USD and buy gold at the goldseller, you can also directly sell it there and you receive USD again

instead, to buy GBC you need to have Bitcoin, and you can then trade the Gold Backed Coins on the GBC/BTC market within the ripple system. if you want to sell them and another person agrees to your offer, you will receive BTC, not gold.
for more information please visit http://www.gbc.is/gbc.cgi?page=tutorial5

meanwhile, the physical gold will be stored in a financial institute in switzerland and there will be regular official statements about the amount stored. the reason why the gold is only stored, but the transaction is in GBC/BTC is the full backing of the coin.

that means, in case the market price of GBC dropped below the gold backed value of the coin, we guarantee to sell the appropriate part of the gold, and buy back the GBC on the market by using bitcoin. by doing so the users of GBC have a guarantee that limits potential financial loss to a minimum. and this feature poses a crucial advantage over a whole lot of other VCs.

trading GBC for a higher price than the backed value will of course be possible. therefore we suppose that there's a good opportunity for a substantial increase in value.

[@GBC]

The French Finance Ministry made excellent research about virtual currencies and
    mentioned Gold Backed Coin (GBC) positively in their report:

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

They say (part III on page 7):
"The creation of [...] Gold Backed Coin (GBC) lessens the financial risk connected to
virtual currency price volatility."

This is exactly what we stand for: Security and opportunity at the same time.

[@GBC]

WHAT IS GOLD BACKED COIN (GBC)?

GBC is the Gold Backed Coin, a revolutionary virtual currency made available via an issuing process that involves a book building.

As its name says, GBC are backed by physical gold, enabling you to benefit from a price guarantee on the GBC/BTC market.

The price guarantee is based on the backed value of each coin which is defined by one tenth of an ounce of gold.



In addition to its backing by gold, the free market defines the actual price of GBC above the level of its backing.



GBC are being traded on the online markets of the Ripple network,
representing a strong combination of maximum safety and worldwide accessibility.

Your coins can be easily sent around the globe while trading charges and transaction fees of Ripple are practically zero.

GBC are easily tradable against all other available virtual and real currencies.

[@GBC]

Gold Backed Coins are issued during book buildings, permitting any investor to hand in individual orders for the coin.

As GBC are tradable on the free market, the buyer enters the advantages of the Ripple network:
By using it, Gold Backed Coins can easily be sent across the globe and traded against any other currency available.

[@GBC]

We are interested to pimp up our LOGO and willing to pay for the best idea.

Send your dynamic idea, based upon our beta-version logo, and your price offer to

                                                  logo@gbc.is

                       and you may soon see the one you created on our website

[@GBC]

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.

[murraypaul]

that means, in case the market price of GBC dropped below the gold backed value of the coin, we guarantee to sell the appropriate part of the gold, and buy back the GBC on the market by using bitcoin. by doing so the users of GBC have a guarantee that limits potential financial loss to a minimum. and this feature poses a crucial advantage over a whole lot of other VCs.

a) GBC has value because it is backed by X amount of Gold.
b) If the price drops too low, you will sell some of the Gold to prop the price up.
c) Now GBC is only backed by Y < X amount of Gold.
d) So the price goes down.
e) Goto b, until you run out of Gold.

You cannot maintain a currency peg against a determined attack.
George Soros proved that, if it needed proving.

[@GBC]

that means, in case the market price of GBC dropped below the gold backed value of the coin, we guarantee to sell the appropriate part of the gold, and buy back the GBC on the market by using bitcoin. by doing so the users of GBC have a guarantee that limits potential financial loss to a minimum. and this feature poses a crucial advantage over a whole lot of other VCs.

a) GBC has value because it is backed by X amount of Gold.
b) If the price drops too low, you will sell some of the Gold to prop the price up.
c) Now GBC is only backed by Y < X amount of Gold.
d) So the price goes down.
e) Goto b, until you run out of Gold.

You cannot maintain a currency peg against a determined attack.
George Soros proved that, if it needed proving.

Your argument is false.
The moment we sell 1 GBC to you, we back it by 1/10th of an ounce of gold. This is for your security.
The moment we buy back 1 Gold Backed Coin from you, you get your money. And after we bought back this 1 GBC and it's in our possession again, then this 1 GBC does not need to be backed anymore. Got it? And: All GBC out on the market will still be backed by 1/10 of an ounce of gold each - and that doesn't change.

Well, can you explain what you want to say with your example of a Soros-like attack? There are some missing links in the art of logic you apply, so I can only recognize a hollow allegation driven by undefined fear...

[@GBC]

The next BOOK BUILDING of GBC is

from August 29, 15:00 CET,

to September 1, 15:00 CET

We are happy to serving your order!

www.gbc.is/order

[@GBC]

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.

[@GBC]

Why does the world need a Gold Backed Coin?

Virtual currencies have entered the scene as a means to respond to the Financial Crisis and the underlying structural deficiencies. Right now, most of the virtual currencies that came into existence by following Bitcoin's example, do not offer enough stability against a drop in value. Gold Backed Coin (GBC) aims to present an answer to exactly this problem and to push the development of cryptocurrencies forward.

Gold Backing has - in the history of money - been for a long time a successful way to stabilize the monetary systems around the world, and even today you can hear loud voices, calling for a return to the old gold standards. At least in virtual currencies, there is a strong need for a vital alternative now, and this alternative is the full gold backing of GBC that assures the preservation of the coins' intrinsic value.

[@GBC]

Feedback is welcome in this thread, guys!