Quote from: joselitobayagbag on March 17, 2018, 10:26:47 PM

I dont like the idea because GOLD has been centralized for hundreds of years and these cryptocurrencies are decentralized it contradicts to each other,isnt it?It would be nice if there are some other commodities that arent centralized like,price of the oil which are not being controlled by few countries or anything that arent being regulated by the government .

Nice idealism and idea! We share understanding for this. Unfortunately the masses don't YET.
If you had occupied yourself with our concept, you would have seen, that we have 3 cryptocurrency funds.

One called PCC which is live already on our platform as well as on Iconomi.

One called PICO, an ICO investment fund - launch anytime soon.

One called PAV, Angel & Venture Capital fund - launch in May.

In your case, the gold backed token is a chance to overcome unstable markets. Look at it as a "gold tether" stablecoin.
Nevertheless, it's a choice where to invest in. We just try to cover a broad spectrum!