Sentences with phrase «backed by gold»

Fixtures rarely look as spectacular as this glass enclosed island, backed by gold leaf.

On the vasselier, I placed some of our Lenox Christmas china, a couple more white Santas, and 2 candle pillars backed by gold chargers to reflect the light.

Mark thinks of Bitcoin as a fiat currency because it is not backed by gold.

Their Dignity (DIG) coin will be backed by gold.

If one day the dollar was backed by gold, but people were trading dollars and not gold in itself, I believe that in the long term BTC has the potential to become the standard of value to the crypto world, AKA DIGITAL GOLD.

For most of that time, currencies were backed by gold.

If successful in launching the cryptocurrency, Perth Mint's altcoin will join a long list of virtual currencies purporting to be backed by gold.

The Lightcash cryptocurrency Crypto Gold (LCSH) is backed by gold that is mined from an operating gold deposit owned by Lapri Mining Company.

«The petro is a cryptocurrency unique in the world that is supported by oil, and I have a surprise that I will launch next week, the Petro Oro [gold], backed by gold, even more powerful.»

MBC also represented that the digital currency was backed by Gold when it was really backed by promotional prose.

After the launch of the ICO for the oil - backed government cryptocurrency, the petro, Nicolas Maduro has announced a second government cryptocurrency backed by gold.

The government has not specified whether the token will be backed by gold reserves or unmined minerals.

As their name implies, these digital currencies are backed by gold.

The success of this launch inspired the government to announce plans for launching a second state cryptocurrency, the Petro oro, a token that will be backed by gold.

There were other unsuccessful attempts at launching a digital currency backed by gold before the craze died out for awhile.

We can see this on such examples as Bilur, which is backed to oil and GoldMint [backed by gold].

Venezuela is also preparing to launch another cryptocurrency, backed by gold and other precious metals.

And that's because the Swiss franc was backed by gold.

And since the Swiss franc is no longer backed by gold, it's just another fiat currency.

It shouldn't be forgotten that the tokens on the blockchain represent a real value, which is backed by the computing power of blockchain miners — unlike, for example, the dollar, which is no longer backed by gold.

No longer was the world's reserve currency backed by gold, instead the Dollar was valued against the gold price traded on the futures exchanges.

RD: Under The Gold Standard and The Bretton Woods International Monetary System, money was backed by gold and trade between nations balanced.

As gold soared over the decade through 2011, so too did the assets of SPDR Gold Shares, an exchange - traded fund backed by gold bullion.

There was one idea that I thought could be put into practice immediately, Treasury Trust Bonds optionally backed by gold.

Like its competitor, SPDR Gold Shares (GLD), the trust is backed by gold bullion held in a vault by a custodian.

He likes it because it's backed by gold.

China will launch the PetroYuan (backed by the gold standard) to directly compete with the PetroDollar (and thus shrink global demand for the USD).

There's another major long term bullish factor for gold and silver that never existed before: China is attempting to destroy the U.S. dollar's reserve currency status with a Yuan that's backed by the gold standard.

It prices crude oil in terms of CNY and is backed by gold.

The U.S. dollar was backed by gold at $ 35 per ounce, while the rest of the world's currencies were backed by dollars.

«Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro,» Maduro said in a televised speech.

Arguably the most well - known gold ETF is SPDR Gold Shares (GLD), an ETF that has over $ 63 billion of assets and is physically backed by gold stored in London through HSBC Bank.

First, the US dollar is no longer backed by gold reserves.

They're not simply tokens backed by gold, they are tokens that represent a specific piece of gold.

Between President Johnson's Vietnam War, his Great Society programs, and the rampant inflation they caused, the US was forced to print more dollars than could be backed by gold.

SDR's were started in 1969 and are already used for international transactions would be backed by gold in the Sino - Soviet plan and used as a reserve currency.

It is not backed by gold.

The largest demand for gold is seen in the jewellery sector, which accounts for 40 to 50 percent of the total global demand, followed by gold bars and coins, global ETFs backed by gold, central - bank purchases and demand by other industries.

Today's devastation will be even greater, because paper money is no longer backed by gold.

Specifically, the CFTC alleges that the defendants committed fraud by soliciting customers based on false claims regarding MBC's value, trade status, and usage — even apparently going as far as to say that MBC was backed by gold, which the commission refutes.

According to their trust deeds some ETFs are not even backed by gold; they are designed to track the gold price using complex derivatives.

A formal certificate changes the legal status of what you own from physical gold, to a security evidenced by a certificate which purports to be backed by gold.

«Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro,» Vice quoted Maduro as saying in a Wednesday speech.

Court documents also show Smith told an investor of $ 800,000 that the bonds were backed by gold or silver.

Following on the sale of the Petro, Maduro has said that he plans to launch a cryptocurrency backed by gold next week, Reuters reports.

Not exact matches

She asked them to consider a safe harbor for virtual currency startups, and to consider only regulating exchanges that change so - called fiat currencies — or legal tender that's not backed by physical commodities like gold — into virtual ones.

Phoenix Gold shareholders will be hoping for an improved takeover offer from Evolution Mining, after a proposal to acquire the business was knocked back by Phoenix directors today.

Gold and nickel producer Independence Group has raised its full - year profit by 60.7 per cent to $ 46.6 million on the back of the production commencement at Tropicana and an improved nickel price in the second half of the year.

Unikoin Gold, the cryptocurrency used by a Mark Cuban - backed startup, fell 43 % to 67 cents.

Monday, King backed up her words by edging Efimova for first place and the gold medal.