I'm going to keep this brief and I am going to cheat by copying part of Brian McGinty's latest email for you.
This is all to do with where he believes and many others believe the entire Karatgold Coin (KBC) is going.
But before I get to Brian's email (or part thereof) I have also heard a rumour from another source that suggests that the coin could be worth $1.20 by the end of next week.
Hell's bell's... I'd be ecstatic if it achieved that by Christmas! I don't instantly assume, when I see other people's views on what may or may not happen to the value of a crypto, that what they are saying is correct. I've been around crypto for too long to fall for that.
However, I've never seen such commitment to delivery on a promise as I am seeing from the CEO of Karatbars and associated companies. Just the gold mine purchases alone blew me away!
From Brian's email:
Here is why it will rise (the Karatgold coin)
He made some of the announcements here - https://www.youtube.com/watch?v=19qGQlQYtJo&t=33s
Let me break down what he said..
1. During our ICO, we have announced to back up the coin with 4% gold, this correspondes to 120kg. This gold will be stored in a high security safe in the next two weeks and will be certified by an international law firm.
4% of €3.50 is 14.5 cents so that blows away a sub 1 cent price right away.
2. A Joint Venture agreeement was signed between the KaratGold Corporate (KGC) and the company Gazella Corporate Capital AG (GCC) [gcc.ag] about the precious metal mine in Madagascar. A total value of the mine of US$900M was found and certified by Altitrust
3. We have acquired a fully licensed bank in Miami that will be fully operational by mid June. The name of the bank is KaratCoin Bank. With this bank we own one of the world's first crypto banks with a full license.
4. Our gold is stamped with a unique sale and license tool.
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