Its backed by Gold but how do I cash this out for Gold? Can I send my tokens in for grams or ounces of Gold?
You can change gold tokens to ETH and BTC and vice versa using their marketplace.
(Visit the link below) https://gold.storage/en/marketIt's very easy to use. Everything is done automatically.
You can also trade gold tokens in Catex, Coinsbit, Cryptex, Livecoin, and Bitforex exchanges.
Who stores the Gold? What country is allowing this and what protections are provided?
Physical golds are stored in BullionStar's vaults. You can verify this using the link below.
https://www.bullionstar.com/myaccount/audit(Their account number is 17081)