http://www.abc.net.au/news/2018-01-24/cryptocurrency-backed-by-gold-being-de...

Typical investors happy with their old school will simply buy into allocated storage options or other reasonably efficient and accessible pricing and pooling mechanisms such as... https://finance.google.com/finance?q=gld Unlike most cryptos with mathmatically known thus predictable emission curves, anything mined and stockpiled from the Earth has additional factors that apply, on top of all the digital ones.

to entice investors back to precious metals.

While they may have cobbled together a way of making medieval carriage of virtual metals in digital sacks handy again, they're imparting a whole new layer of trust, regulatory, verification, redemption, etc questions upon the metals. Then comes relative simplicity... https://finance.google.com/finance?q=gbtc Which really begs the question of "why they bother", now that pure cryptocurencies are out and have equally suitable / comparable pricing, utilization and access models. The answer is likely that the fake "precious" metals and sparkly rocks industries are as scared of losing power and control, and becoming extinct as the banks and governments are. Thus they're proffering up such meetoo coins in an effort to stay relavant up against the global awakening. https://www.youtube.com/watch?v=N5kWu1ifBGU https://www.youtube.com/results?sp=CAM%253D&search_query=diamonds+scam https://www.youtube.com/results?sp=CAM%253D&search_query=blood+diamonds+documentary Which will further fail because it's just not what the kids in school are believing in and using anymore... https://www.youtube.com/watch?v=NvO3hMgWT-0 https://www.youtube.com/watch?v=3VnTko4YdPE https://www.youtube.com/watch?v=nqdv6Ad9Nt4 https://www.youtube.com/watch?v=Hh-O7er_X2c https://www.youtube.com/watch?v=rT4ThQ55SD8 https://www.youtube.com/watch?v=PdsjULVxuhU https://www.youtube.com/watch?v=k4FNmp3mKp4 Wait till the 10 year anniversary of cryptocurrency... massive worldwide inputs and adoption will happen after that. Everyone loves to quote market cap, which takes no notice of historical inputs. Another way to calculate "intrinsic value" of say, BTC, is to... (sum (each block quantity created times the market price at creation time)) divided by the quantity of coins extant. [Further adjusted for xflation of the fiat reference over the period to the present day.] Even assuming fiat was flat, no one appears to have published this simple integration... you should try it and see what number you get :)