you dont need 100% backing.
you can back 200 trillion with an oz of gold, the question is always the value you place on your currency (gold price).
Shelton's idea has merit. Whether it is implemented (on July or otherwise) is open to speculation
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Last
$20.18 |
Change
-0.340(1.66%) |
Mkt cap ! $28.84B | |||
| Open | High | Low | Value | Volume |
| $20.70 | $20.72 | $20.17 | $55.43M | 2.719M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3097 | $20.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.19 | 6184 | 22 |
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| Last trade - 14.16pm 23/06/2025 (20 minute delay) ? |
| NST (ASX) Chart |