Backing a crypto currency with gold is an oxymoron according to Max Keiser and I tend to agree. It makes no sense to back a cryptocurrency (which in essence is all about being trustless) with something or someone you have to trust.

You simply destroy one of the key benefits and strengths of blockchain in that it is provable and immutable.

https://twitter.com/maxkeiser/status/1044674789531635714

Agree or disagree?