Tuesday, March 01, 2022 8:53:16 AM
If the latter:
Gold hit its all-time high of US$2,067.15 per ounce on August 7, 2020.
There are 28.3495 grams in one ounce of gold.
AABBG value is 1/10th of a gram.
At all time highs, that would have made the price of the gram $72.916, and the price of AABBG $7.29. Price predictions say gold may cross $3k by 2025. Even at that range, the coin would only get to $10.58.
Is the coin really the hedge we think it would be, and as gitreal has asked plenty of times, does owning the coin mean we get gold if we want to cash it out?
I am not understanding what the coin does revenue wise for AABB. If you buy the coins as a hedge, then it is buy and hold, which limits transaction fee revenue.
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