Have you heard about Facebook's planned Libra stable crypto coin?
A "stable" crypto is one which is tied to the value of something else, something which is more stable than the volatile cryptos we all know about.
In Libra's case, the idea is to tie it to the value of a basket of fiat currencies - yet to be determined, but clearly to include the major ones.
There has been some pushback from governments though, precisely because this particular stable coin is linked to "their" fiat currencies - creating a potentially more competitive product, given Facebook's global market.
Another use for stable coins is to easily lock in a "high" in a surging market, rather than risk a sudden downturn in the crypto prices.
But what if there was a much better form of stable coin? Well, I believe there is - one backed by gold.
However, storing gold the "old" way comes with a number of downsides. You have to pay for storage. It's difficult to move around. There's usually a big spread between buy and sell prices. It's not easy to quickly convert gold to fiat or spend it. And so on.
It was then, in the most timely of fashions, that someone told me about one particular gold-backed crypto that was about to launch - one that stood out from the crowd.
With this crypto platform, each coin is backed 1:1 with one gram of gold (or one ounce of silver), held in globally distributed vaults and titled in your own name. It's also redeemable at any time in delivered metal - and with the following additional features:
- No storage fees
- The ability to earn a yield on gold and silver held
- Blockchain based transaction system
- Attached debit card
- High level security
- But there's much, much more to this. And the good news is it has now launched.
You can learn more about this unique gold-backed crypto by (right-clicking->) clicking here.
And if you're impressed and want to open an account, use (right-clicking->) my account registration link and I'll give you a valuable gift of some of this gold-backed crypto paid to your new account.
To qualify for this gift you will need to register your account (right-clicking->) here. When you have completed verification you will need to advise me of your gold crypto address and account holder identification number - so I can confirm your status and send your gift.
I should also say, there is much more to this platform than I have written here. It's an ingeniously incentivized global monetary system which sets it apart from every other gold-backed crypto. So I urge you to take a serious look.
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STOPClever...even ingenious.