If it is backed by gold, how do you get your worth of gold if you need to? Where it stored and who controls it?
If you can't easily, at any time exchange your gold-backed currency to the exact weight of gold it represent without any additional fees or taxes and back - it is not gold-backed currency at all.
If it шы backed by gold, how do you get your worth of gold if you need to? Where it stored and who controls it?
If you can't easily, at any time exchange your gold-backed currency to the exact weight of gold it represent without any additional fees or taxes and back - it is not gold-backed currency at all.
If it backed by gold, how do you get your gold if you need to? Where it stored and who controls it?
If you can't easily, at any time exchange your gold-backed currency to the exact weight of gold it represent without any additional fees or taxes and back - it is not gold-backed currency at all.