Yes you are possible correct, there is probably more than that, which is never recorded - but for them to say its asset backed by gold, they need to OWN the gold and they would never be able to own enough gold to sustain this type of coin - each coin would have to be assigned to a person with a SKR - this would never happen ... sorry dont believe in this - sound good but I believe its a ponzi scheme.....
RE: New Cryptocurrency Backed by Gold - ICO happening now!