Hey, you guys, I plan to invest in the gold project recently, but given the previous experience heard from various quarters, Is it still safe and can anyone recommend it as viable? thanks a lot.
If I were you I would not bother, projects backed by gold have appeared in this market for a very long time and as you may guess they are not successful and eventually disappear.
But why this is the case? Well because it goes against the core principles of this market, a project that is supposedly backed by gold needs to buy and store that gold somewhere, so now you are relying on a third party to be honest and keep whatever ratio of gold and coins they have established, sounds familiar? It should, because that is what governments were doing and look how that ended.