I'm skeptical with these so called asset backed crypto. How would I be completely sure they have enough asset to back up their coins? I'd probably rather just buy gold than buy a coin that is supposed to be backed by gold.
Everyone should be skeptical. If we look at assets closer to us, namely stablecoins, they are being issued by entities who's goal is to make a shitload of easy money. The way they accomplish that is to have the stablecoins be so distributed and difficult to cash out, that the majority of the holders of these coins will never seek to cash out because it's too much of a hassle.
Tether has 4 billion USDT issued as we speak, for the sake of argument assuming that every USDT is backed by a dollar, at least a billion will never be cashed out because it's floating on some shitty non compliant exchanges. To cash USDT out, you need to kindly ask Bitfinex to buy them from you, and with their reputation people rather steer clear of them.
Most Gold holders are just as aggressive as Bitcoin holders when it comes to being the sole owner of the asset that you hold. I'm sure that they would reject a Gold backed crypto just as hard was we reject it.