Tokens basically serve as proof that you own gold. Think of it this way - the token itself isn't the gold, but it's your digital receipt showing you've got ownership rights to actual physical gold somewhere.
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down_only_larry
· 12-07 12:47
Simply put, it's the digital version of a paper receipt. The actual money is still there; the token is just a certificate.
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liquidation_watcher
· 12-04 19:46
Simply put, it's just a certificate. The physical gold is stored there, and the token is like your purchase receipt. There's nothing mysterious about it.
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UnluckyMiner
· 12-04 16:06
Simply put, it's just an electronic certificate—the real money is sitting idle in the warehouse.
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AirdropHunter9000
· 12-04 16:04
Simply put, it's just an IOU—believe it or not, it's up to you.
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SchroedingerAirdrop
· 12-04 16:02
Got it. Basically, you're just holding the receipt, but the gold is still with someone else.
Tokens basically serve as proof that you own gold. Think of it this way - the token itself isn't the gold, but it's your digital receipt showing you've got ownership rights to actual physical gold somewhere.