Gold reserveA gold reserve is the gold held by a national central bank, intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, or to secure a currency.
It has been estimated that all the gold mined by the end of 2011 totaled 171,300 tonnes. At a price of US$1,500 per troy ounce, reached on 12 April 2013, one tonne of gold has a value of approximately US$48.2 million. The total value of all gold ever mined would exceed US$8.2 trillion at that valuation.
However, there are varying estimates of the total amount of gold mined to date, mainly because gold has been mined for thousands of years around the world. Another reason is that some countries are not particularly open about how much gold they are mining. In addition, it is difficult to account for gold output in illegal mining activities.
24Kt coin
“changing the policy of digital currencies!”
That's nice and all, but posting random information about gold is in no way proof that your altcoin is legitimate. There have been countless alts using 'gold' as a buzzword, claiming to be tied to, exchangeable with, etc....and not one stuck with their promise. Unless this is a coin backed by daily gold-related trivia and history snippets, you're gonna have to try a bit harder
@Arrakeen
I was waiting for a visit from you!
my posting general info about gold is only a way to get this thread back to the top for a few moments, my trying harder is absolutely not needed as when the Full ANN is posted at the end of this month , will define a new way of using the blockchain!
using the buzzword of pegged or tied or other false indicators is just a vain attempt to take attention away from the unsuspecting customer or investor and try to entice people to do something for their benefit "that is completely against our company's policy!"
we offer GOLD trading without the hassle of the traditional online haggle and costs,with a speed increase that is incredible compared to the Forex genre of Gold trading.
as you see ... the normal way of doing things is not as good as it could or should be! you of all people have pointed that out hundreds of time on countless other coins!
once the ANN is public you will have ZERO reasons to do the same here!
24Kt is and will change the common beliefs and ways of this majorly unethical crypto community.
please come back and let us know your thoughts!
24Kt coin
“changing the policy of digital currencies!”