Where does the capital to purchase the reserve come from? Are you going to pay for the gold that backs the coins we mine?
Initially I am providing all bullion reserves for the coin. Once there is an established value of the coin it will become self sufficient. We will be selling some of the coins that we mine over the long term as "certified clean coins" much the same as with "clean" Bitcoins, which are sold at a premium to investors, and mutual funds.
Can you provide proof that the reserve exists? Where is it located? Who can access it? Is it secured? Is there an escrow arrangement?