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Questions tagged [backed currency]

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Chiara Chiara Sat Mar 30 2024 | 6 answers 1103

Is there any currency backed by gold?

Excuse me, I'm quite interested in cryptocurrencies. I understand that some cryptocurrencies are backed by assets such as gold. I was wondering, is there any currency currently available that is backed by gold? If so, how does it work? And what are the advantages and disadvantages of investing in such a currency? Thank you for your time and assistance.

Is there any currency backed by gold?

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