Been done a bunch of times, always failed.
Here's the latest, something called MidasCoin:
https://bitcointalk.org/index.php?topic=784286.300They say they'll give you a set amount of gold per coin no matter what. On Bittrex the price is crashing. To meet their promise they'd have to buy extra gold and send it to people for worthless MidasCoins. Good luck with that.
Did you @ least go to
https://www.anthemvault.com/ ? Just to see who they are ?

Gotta love the haters. More coin for me. All I know is the gold in my vault is increasing for less than the cost of each gram. Hard to complain.

I can't wait to see what they do with the coins or what the next blockchain will be like if they just scrap this one. When I transfered the other day Josh at AV indicated they are working with some exchanges now.
Another friend is looking at BIG coin. Which is using Gold, Silver and Copper as backing. I haven't looked into it yet. Though he has a couple Antminer S3s for his rigs. I'm stuck with a GPU for now.
Exactly. More for the rest of us. I have 2 grams in their vault, and after speaking with a very helpful person there, I am happy to share that they are looking at a larger gold-backed coin effort in the near future. Not definite, but based upon the success of this one, it is quite likely.