I'll call this one my "greater fool trade" of the day. With the gold rally now unfolding you can be sure there are dozens of these so-called gold backed cryptos ready to launch. To the disgruntled hodler of a bag of useless air coins these will most likely be very appealing to the gullible masses that will believe they actually hold real gold when they really just hold another useless piece of digital air! Some people will never learn ! Meanwhile i dont care if this coin is bullcrap or legit. It can go up either way and i will dump it as soon as i make my profit. Enjoy!
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I will have a nice bag of this special and "rare" digital fool's gold available for sale at a much higher price to those with a bad case of FOMO ! Lol
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Trade was closed at 33.60 USD . To whoever bought them there.... Enjoy your Fool's Gold !
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I'd like to say here that those of you that believe this is equivalent to real gold...think again! I invite you to go to their website and do your own due diligence. Can i redeem this for real gold as they say? According to them they will NOT mail you real gold. You need to go to singapore to withdraw your few grams in person. Lol! This never was and never will be equivalent to real gold. Dont get me wrong , i completely support a real legit gold backed crypto, but this aint it. I actually believe gold backed crypto is the future of cryptos and i would need to see a company that will actually mail me my gold in exchange for my crypto coins or forget it,its just another scam coin trying to capitalise on the allure of real gold. This is a sucker coin and why i called this my greater fool trade of the day. PT Barnum was right!
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Speaking of real gold for those of you with some kind of investment common sense, here is the 5 minute gold chart, a screaming buy, if you can buy gold, then do it now!
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never mind !