Actually Phantom a small correction:
We need full flexibility to issue 1 new Asset name for each Silver/Gold/Whatever physical asset if needs arise from our customers either at issuance or redemption.
Of course you'll have the ability to do that. But I think that there will be downsides in usability. (For instance, it will be harder to trade them on the distributed exchange if a price cannot be established. If all of the silver coins are the same, then they should be priced the same.)
Excellent point. We're in new territory here, but we aim to simply be a decentralized digitizing platform/marketplace for our clients. We take the Craigslist/eBay approach to listings. Customers control the price they wish to trade on the DEX, but it will be buyers to determine what price is fair. We do not aim to centralize gold/silver prices.
Maybe this is a great opportunity for a Counterparty community member to start pricing out Gold and Silver feeds for Spot?