Topic: Get Gold Backed Coins. The best alternative on the market. GBC - page 2. (Read 7435 times)

Your argument is false.
The moment we sell 1 GBC to you, we back it by 1/10th of an ounce of gold. This is for your security.
The moment we buy back 1 Gold Backed Coin from you, you get your money. And after we bought back this 1 GBC and it's in our possession again, then this 1 GBC does not need to be backed anymore. Got it? And: All GBC out on the market will still be backed by 1/10 of an ounce of gold each - and that doesn't change.

Well, can you explain what you want to say with your example of a Soros-like attack? There are some missing links in the art of logic you apply, so I can only recognize a hollow allegation driven by undefined fear...

a) GBC has value because it is backed by X amount of Gold.
b) If the price drops too low, you will sell some of the Gold to prop the price up.
c) Now GBC is only backed by Y < X amount of Gold.
d) So the price goes down.
e) Goto b, until you run out of Gold.

You cannot maintain a currency peg against a determined attack.
George Soros proved that, if it needed proving.

AMOUNT OF COINS

The exact amount of GBC in circulation will depend on the specific demand during the book building processes. In any case, all GBC will be backed by one tenth of an ounce of gold per coin.

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Gold Backed Coins are issued during book buildings, permitting any investor to hand in individual orders for the coin.

As GBC are tradable on the free market, the buyer enters the advantages of the Ripple network:
By using it, Gold Backed Coins can easily be sent across the globe and traded against any other currency available.

WHAT IS GOLD BACKED COIN (GBC)?

GBC is the Gold Backed Coin, a revolutionary virtual currency made available via an issuing process that involves a book building.

As its name says, GBC are backed by physical gold, enabling you to benefit from a price guarantee on the GBC/BTC market.

The price guarantee is based on the backed value of each coin which is defined by one tenth of an ounce of gold.



In addition to its backing by gold, the free market defines the actual price of GBC above the level of its backing.



GBC are being traded on the online markets of the Ripple network,
representing a strong combination of maximum safety and worldwide accessibility.

Your coins can be easily sent around the globe while trading charges and transaction fees of Ripple are practically zero.

GBC are easily tradable against all other available virtual and real currencies.

The French Finance Ministry made excellent research about virtual currencies and
    mentioned Gold Backed Coin (GBC) positively in their report:

http://www.economie.gouv.fr/files/regulatingvirtualcurrencies.pdf

They say (part III on page 7):
"The creation of [...] Gold Backed Coin (GBC) lessens the financial risk connected to
virtual currency price volatility."

This is exactly what we stand for: Security and opportunity at the same time.

hello dogetime, thank you for this great question

the concept of GBC is similar to that of a goldseller, but it is not the same. if you take your USD and buy gold at the goldseller, you can also directly sell it there and you receive USD again

instead, to buy GBC you need to have Bitcoin, and you can then trade the Gold Backed Coins on the GBC/BTC market within the ripple system. if you want to sell them and another person agrees to your offer, you will receive BTC, not gold.
for more information please visit http://www.gbc.is/gbc.cgi?page=tutorial5

meanwhile, the physical gold will be stored in a financial institute in switzerland and there will be regular official statements about the amount stored. the reason why the gold is only stored, but the transaction is in GBC/BTC is the full backing of the coin.

that means, in case the market price of GBC dropped below the gold backed value of the coin, we guarantee to sell the appropriate part of the gold, and buy back the GBC on the market by using bitcoin. by doing so the users of GBC have a guarantee that limits potential financial loss to a minimum. and this feature poses a crucial advantage over a whole lot of other VCs.

trading GBC for a higher price than the backed value will of course be possible. therefore we suppose that there's a good opportunity for a substantial increase in value.

Seeing as this is a gold backed coin, where can I exchange the GNC for physical gold?

Here is the link to our press release.

GBC was launched in March 2014 as the first virtual currency fully backed by gold:

http://www.prnewswire.com/news-releases/the-next-revolution-in-the-world-of-cryptocurrencies-252622471.html

after having registered you're logged in and you go to www.gbc.is/givexrp

there the first 100 applicants receive 25 XRP each
(the amount needed to start trading within the system)

therefore it may be important to note that Gold Backed Coin has no connection to any inventor of scamcoins

and you will find all information necessary to prove that GBC is a trustworthy project in our FAQ:

www.gbc.is/faq

I have signed up you know how I can get the XRP
whether the need for this wallet

there was already a coin "backed" with gold, and turned out to be a scam

i like the reply about how we should just mine gold....there is none by my house so I might look into this one. 

Information on how to proceed in the book building can be found here:

http://www.gbc.is/tutorial

Like us on Facebook - https://www.facebook.com/pages/GBC-Gold-Backed-Coin/273646059461457?fref=ts

and

follow us on Twitter - https://twitter.com/GoldBackedCoin

you're welcome to share your more innovative ideas with us, mate 

thanks, mistake

correct: the first 100 applicants receive 25 XRP each.