there will never be enough gold to back this -also what if gold goes down in value, which can be manipulated by centralisation -Also who is holding the gold? - you are given a 'token' against your gram, not gold- you therefore have to keep selling your token to someone else and hope that gold has gone up in value in the hope of making a profit- they cant give you any gold as they need this 'to prop up' there claim of being gold backed - I read into this and to me it looks like another ponzi scheme -my own opinion