1. Please take your time and read my responses as it seems that you either haven't read them or understand them. Gold price is very stable and anytime for purchase is a good time, unless the price has risen significantly. That question doesn't relate at all to gold-backed currency. Any funds accumulated at any time should be transformed into gold.
2. Each token represents a certain amount of gold. At this stage 100 billion GRC = $1,300 worth of gold. So it's a gold-backed currency by definition. That number will only continue to increase as we accumulate gold. So, please don't mislead people and do more research.
3. Solved.
4. I provided the numbers, but for some reason you ignored them.
5. That point is explained in great detail in my address to holders on Youtube. Please revisit and ask questions afterwards, if you don't understand still.
6. "Because I'm trustworthy, and the government full of liers." To verify this statement you need a little intelligence. The second part of statement is a common sense and you need basic understanding of economics, history of currencies, oil industry monopoly, corruption and the knowledge that 1% of richest people in the world have more wealth than 99% of others. So, it's pretty clear. First part of the statement you verify through the research of my profile, listening to what I say and see if I act on what I say. So this statement is very easily verifyiable and if you cannot understand it, I think not much I can do for you here.
2. Each token represents a certain amount of gold. At this stage 100 billion GRC = $1,300 worth of gold. So it's a gold-backed currency by definition. That number will only continue to increase as we accumulate gold. So, please don't mislead people and do more research.
3. Solved.
4. I provided the numbers, but for some reason you ignored them.
5. That point is explained in great detail in my address to holders on Youtube. Please revisit and ask questions afterwards, if you don't understand still.
6. "Because I'm trustworthy, and the government full of liers." To verify this statement you need a little intelligence. The second part of statement is a common sense and you need basic understanding of economics, history of currencies, oil industry monopoly, corruption and the knowledge that 1% of richest people in the world have more wealth than 99% of others. So, it's pretty clear. First part of the statement you verify through the research of my profile, listening to what I say and see if I act on what I say. So this statement is very easily verifyiable and if you cannot understand it, I think not much I can do for you here.
1. I actually gave them a thorough read, quite thorough that the inconsistencies in your explanation throughout this discussion baffled me. The very post I quoted for example, "Gold price is very stable and anytime for purchase is a good time, unless the price has risen significantly" which one is it? Stable that you can buy at anytime, that any fund accumulated should be transformed into gold, or that it has a possibility of significant appreciation [and with it, a depreciation too] which means we'll need an educated guess --where one of the means is through macro economics-- and buy them at a correct time?
2. Just to be sure we're on the same page before stepping further, 1B GRC equals to 1,300 USD worth of gold is because you're currently possessing 1,300 USD worth of gold? This rate will change in reflect to the gold reservoir you have next month, like, it'll become 1B GRC equals to 1,300 USD worth of gold?
4. Oh, pardon me, please point me out to these numbers and I'll humbly apologize for the oversight. Certainly you're not referring to the mention of 2%? Because I am quite confident anyone reading these dialog of ours will easily understand that I asked for --and this has been made clear-- a use case, as in, suppose your price depreciated 50% from today's rate, how will the gold kick into action and how will it stabilize price? We're talking numbers here. If I may help you, here, we can use this data I pulled from your web,
so suppose tomorrow the price of GRC plummeted 50%, what used to be 100 USD equals to 150 million of GRC, it now equals to 225 million of GRC. How will the gold reservoir kick into action and stabilize the price back to 150 million? And let's not stop there, we should assume the worst too while we're at it. Afterall, you're proposing a sense of security, not the false one. Let's also assume an ATL and massive dump scenario, the price depreciated 99%, so 100 USD equals to almost 300 million of GRC.
5 and 6. These points might be connected through the same root of problem: that I am not watching your youtube. With no intention to be rude, I have no time to watch 1 hour [and that's just 1 video] of explanation while I have other things to do [I really am currently swamped, I am not trying to be a snide here]. It's not like reading where I can do in silence while waiting in line or wait for someone, or in between the quiet morning with my coffee, I don't bring my headset all the time, and as I respect public privacy, I certainly won't disturb them by playing your explanation video through my device's speaker, and I like my morning as quiet as possible.
So, an explanation in writing is very much welcomed. I am more than happy to "listen" to that explanation of yours if you can provide a transcription of it. Not sure why this should be asked on the first place, given lots of people shared my issue, an explanation this crucial should be easily accessible, preferably placed on whitepaper. Or... you can do something easier by just tell me in brief what's your explanation is about and how exactly can you issue credit card and erect a banking entity without legal body.