written by reader Alex Koyfman Crypto Gold

By schultzdcs, February 24, 2018

What is the Crypto Currency backed by Gold that Alex Koyfman is touting in his Wealth Daily article ?

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dan lunenburg
dan lunenburg
2 years ago

Could it be Gildex coin?

Travis Johnson, Stock Gumshoe

Haven’t read that article, though various “backed by gold” cryptocurrencies have been touted from time to time — in general, I think it’s a stupid idea. If you want gold, just buy gold… a cryptocurrency backed by gold is very likely to be judged and valued like gold since there’s very little chance that they’re doing anything else innovative to create value. If you want leverage to gold and are ready to take a little risk to get it, buy an established company that provides leverage to the gold price (like a royalty company or a miner).

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