Crypto Currency backed by Gold! ... Eureka!!!

What Do You Guys think?

Here's the Idea:

• You issue a limited amount of Digital Mined Coins.... Say qty. 10,000 coins.

• Then, you guaranteed each Coin with a Troy Ounce of Gold. That way the currency is backed by a Precious Metal, therefore guaranteeing a certain baseline value.

• As coins get fractionalized, they can be redeemed at an Exchange for an encoded certificate coupon, and that validation can be used to trade for Real Gold Bullion.

What are your thoughts???