I believe the idea and concept are great, but with out a third party auditing how we will not know that when a token is bought there is actual gold to back it. The US government used to back its paper with gold and silver, but stopped because they could not print unlimited money if they had to back it. So my question is how do we know the token side is actually going to have the reserves behind each token. Is it going to be fractional like the US banks? This all could be a big set-up if there is no gold to back the tokens. Real credibility would come from a third party audit of the reserves and publish a weekly gold to token ratio report. Without the audit they could be just like any other crypto but with a better story.
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