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NYC real estate mogul secures $6 billion in gold to back new cryptocurrency

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USA Gold
 
Published : April 15th, 2021
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Bloomberg/Devon Pendleton/4-13-2021

“The value of the digital token, DIGau, will be pegged to the market price of the precious metal, guaranteed by liens Swig and partner Stephen Braverman’s company, Dignity Gold, secured against mining claims in Nevada and Arizona.”

USAGOLD note:  As anyone involved in the gold mining business will readily admit, gold in the ground is a considerable distance from gold in your hand in the form of gold coins. Second, adding blockchain to an investment’s pedigree does not automatically make it a good investment.
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