Certified Gold Exchange Confirms No Plans for Gold-Backed Crypto-Currency
Following the July 16 publication of a Reuters article outlining one company’s plans for a gold-backed crypto-currency, there have been rumors of other gold dealers jumping into the fray. The Certified Gold Exchange will not be one of those gold dealers, however, according to company spokesperson Janet Jones.
“We are a physical gold coin and bullion discount dealer. Our institutional and household clients appreciate the safety and value of privately-held gold investments, not shady computer-based equations that are supposedly based on the gold spot price,” said Jones from her Fort Worth, TX office. “Everyone saw what happened to Bitcoin’s value after one Bitcoin exchange folded, so what’s to keep something similar from happening to a company brokering a ‘gold-backed’ online currency?”
Bitcoin and other “crypto-currencies” - including Dogecoin, Litecoin, Mastercoin, Namecoin and Peercoin - are fighting for market share, and some believe a currency based on gold is the best way to stabilize a non-governmental type of money.
“At the end of the day you either have gold or you don’t have gold. The Certified Gold Exchange believes the best way to buy gold is to take physical delivery of your bars and coins because that’s the only way to be sure that you are protected,” Jones commented.
Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating.
For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com/ or call 1-800-300-0715 today.