Unusual investment opportunity - crypto coins backed by gold

[Jude Iam]

Dear Wacco friends and neighbors -

There is a Euopean company which melds crypto currency and precious metals.
It's been around for several years, flourishing under the same visionary, and is now expanding significantly.

Until the end of next week, there exists an investment opportunity which may well yield 14 times the amount invested before the end of the year.

You may contact me for website, explore and do your due diligence,
then I can connect you with the gentleman who's been assisting me - lovely man with great integrity.

Blessings of abundance for all, Jude

[ChefJayTay]

99.99% sure this is a scam.
A cryptocurrency based on Gold is idiotic. Just buy gold, or the GLD ETF.
Gold has been going up on brexit, chinese economy, and chinese-us trade deal worries.
It's already made it's move though, so it's only a hedge at this point and not an investment.

[Shandi]

Look at these idiots:https://cryptonomist.ch/en/2018/12/08/what-are-the-cryptocurrencies-backed-by-gold/

Not backed by gold

There are also a number of tokens already available on the market that have the word gold in their name, but without actually being related to gold.

The best known is Bitcoin Gold (BTG), but there are also GoldCoin (GLD), Gold Bits Coin(GBC), and Unikoin Gold (UKG): a simple check of the variation of their value on CoinMarketCap for example, proves that they are not stable coins.

In addition, there are also tokens that have been presented as stable coins anchored to the value of gold, but whose value instead fluctuates differently.

Some examples are AurumCoin (AU), Darico (DEC), GoldMint (MNTP), HelloGold (HGT), Karatgold Coin (KBC), Pecunio (PCO), Puregold Token (PGT), The Midas Touch Gold (TMTG) and Xaurum (XAUR).
In fact, these cannot be considered stable coins since their value doesn’t follow that of gold.

[podfish]

99.99% sure this is a scam.
A cryptocurrency based on Gold is idiotic. Just buy gold, or the GLD ETF.
Gold has been going up on brexit, chinese economy, and chinese-us trade deal worries.
It's already made it's move though, so it's only a hedge at this point and not an investment.gee, "may well yield 14 times the amount invested before the end of the year ", that sounds like not a scam.

I'll criticize from ignorance, since I'm not going to bother to look at the prospectus, but by nature cryptocurrencies aren't tied to any non-digital asset. Blockchain can be used to track and sell ownership of gold, sure, and blockchain's used in cryptocurrencies, but it sounds like buzzword salad to me.