What do people think of Gold backed Crypto plays? There are now a number of new Crypto plays that are backed by physical gold, could be a gram and ounce etc. The companies reserve the gold in a non bank affiliated vault were it is not included as part of anyone's reserves. There is a limit on the amount of coins in existence and a promise that no more will be made so cannot devalue like out fiat currency. Can be linked as a payment method to Efpos card in the future. So in essence you have the wealth preservation value of gold with the advantage of being linked to distributed ledger technology ( Blockchain).
