QC-QFS-GOLD: EACH KILO OF GOLD THAT IS STORED BY THE ELDERS HAS AN IDENTIFYING SERIAL NUMBER. THAT MEANS THAT EACH KILO IS “IDENTIFIED” AND CAN BE USED TO BACK A CERTAIN AMOUNT OF CURRENCY. EACH INCREMENT OF CURRENCY WILL BE GIVEN A “DIGITAL GOLD CERTIFICATE.” THIS DIGITAL CERTIFICATE REFERS BACK TO THE SPECIFIC KILO OF GOLD BULLION THAT HAS BEEN SET ASIDE AND “IDENTIFIED” TO BACK THAT SPECIFIC INCREMENT OF CURRENCY

on

 


QC-QFS-GOLD: 

 

EACH KILO OF GOLD THAT IS STORED BY THE ELDERS HAS AN IDENTIFYING SERIAL NUMBER. 

THAT MEANS THAT EACH KILO IS “IDENTIFIED” AND CAN BE USED TO BACK A CERTAIN AMOUNT OF CURRENCY. 

EACH INCREMENT OF CURRENCY WILL BE GIVEN A “DIGITAL GOLD CERTIFICATE.” 

THIS DIGITAL CERTIFICATE REFERS BACK TO THE SPECIFIC KILO OF GOLD BULLION THAT HAS BEEN SET ASIDE

AND “IDENTIFIED” TO BACK THAT SPECIFIC INCREMENT OF CURRENCY 



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