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RE: 3 Reasons Why a Gold or Silver Standard is a Bad Idea
A good read, thank you.
One which a may agree with, but what happens when you get a crypto currency backed by gold? eg. One Gram which comes live in a couple of months? Best of both worlds?
Probably will be the topic of a future article/video. I've checked out One Gram as well, and I might buy a gram or two. It's better than a government created one, and it might be better than a non-backed crypto. Although, cryptos should be decentralized, and OneGram requires a level of centralization, since the gold is stored in a vault. It still requires a certain amount of trust as well, trust that they have all of the gold they say they have.
Agreed, again. If you don't hold it, you don't own it. At some point you may have to trust someone.
haven't heard of one gram I don't think. I'll buy a gram . lol
Is it really backed by a gram of gold? Do you pay melt? premiums? I'm interested.