I just read about the prediction that the price of gold will go to the moon
the price of Gold for the past few years
https://goldprice.org/spot-gold.html
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World gold is predicted to fly to US $ 10,000 / troy ounce, by Dan Olivier, founder of Myrmikan Capital. This is a New York-based fund management company focused on gold research (Myrmikan Research) and fund manager Myrmikan Gold Fund.
Referring to the rules in the market, one troy ounce is equivalent to 31.1 grams, so the amount of US $ 10,000 per troy ounce projected by Dan Oliver, then converted by dividing the number by 31.1 grams, the result is the US $ 321.54 / gram
Referring to the rules in the market, one troy ounce is equivalent to 31.1 grams, so the amount of US $ 10,000 per troy ounce projected by Dan Oliver, then converted by dividing the number by 31.1 grams, the result is the US $ 321.54 / gram
the price of Gold for the past few years
https://goldprice.org/spot-gold.html
I won't be surprised if the gold price gone that far in the future. It's a precious metal with a limited stock as after a certain period finding gold will be too difficult. In the Asian countries each people store the GOLD as treasure. They rarely trade with it.
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are you sure the price of gold will break $ 321.54 / gram and how will it affect the crypto backed-gold currencies like GOLD stable coin
give your opinion
The coin you referred, is a stable coin, promised to be backed up by real gold,( a coin priced equally as 1 gram of gold). The project is new and we need to wait and see how they performed. I have seen some of the cryptocoins back by precious metal has not performed well in earlier. They were not stable coin though. give your opinion