Are Gold ETFs backed by real gold?
I'm wondering if Gold ETFs are actually backed by physical gold. I want to understand if investing in these ETFs means owning a part of real gold or it's just a financial instrument without any tangible asset behind it.
Which cryptocurrencies are backed by real gold?
Could you please elaborate on the cryptocurrencies that are currently backed by physical gold? Are there any specific examples of such cryptocurrencies, and how do they maintain the peg with the value of gold? Additionally, what are the potential benefits and drawbacks of investing in gold-backed cryptocurrencies compared to traditional gold investments or other cryptocurrencies?