Questions tagged [backed by gold]

Margherita Wed Nov 06 2024 | 5 answers 1222

The stablecoin that is backed by gold is known as a gold-backed cryptocurrency. Examples include PAX Gold, Tether Gold (XAUT), GoldCoin, and Kinesis Gold. These digital assets are supported by physical gold reserves, combining the stability and intrinsic value of gold with the transparency and decentralization of blockchain technology.

Giuseppe Wed Nov 06 2024 | 7 answers 1980

I'm curious about currencies that are backed by gold. Which one is it that has a value directly linked to gold reserves?

SamsungShineBrightness Mon Oct 28 2024 | 6 answers 1501

I'm wondering if GLD is fully backed by gold. I want to know if investing in GLD means I'm actually investing in gold, or if it's just some kind of gold-related financial product that might not be fully backed by physical gold.

ethan_lewis_journalist Sat Oct 26 2024 | 0 answers 0

I heard that some currencies are backed by gold, which means they have actual gold reserves to support their value. I'm wondering if the U.S. dollar is one of them. Is the U.S. dollar backed by gold, and if so, how does it work?

BlockchainVisionary Thu Oct 17 2024 | 5 answers 944

I'm wondering why the U.S. dollar isn't backed by gold anymore. Historically, the dollar was tied to gold, but now it seems like that's no longer the case. What changed and why did the U.S. government decide to move away from the gold standard?