First this is crowdfunding project, the gold is to be secured first
by no other means, but from IPO/backers first.
The whole model is built around this from the start it's obvious.
I will take a session with our team and try to come up with something, that
would increase our credibility and trust. Meanwhile please consider that there
could be some projects left, that isn't nothing more than a scam.
First you say to another member you already have 50kg gold, now you have no gold and it will be bought with IPO funds.
Regardless, there is a key flaw with this model.
Assuming that you are buying a certain amount of gold with the IPO funds, and then guaranteeing a value for ALL coins based on that IPO amount, the initial investors are the only ones who lose out. The miners get coins that are guaranteed at a certain rate, but the investors coins are only guaranteed at a rate several times lower than their initial investment.
