RE:Gold Backed Cryptocurrency GuideMSGLD is not a crypto-currency. It is a security token backed-by and redeemable for physical bullion. Each MSGLD is backed by 1g of gold and is redeemable in lots of 1,000 tokens. The initial issuance of MSGLD is not backed by gold derived from delivery under forward purchase agreements, but from MetalStream's trading activities.
Feel free to read the MetalStream website for more detail.