Backed By vs. Affixed To???????

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2023 | Publisher: Youngblood Industries

Ease: 69 | Read: 1 Min 55 Sec | Speak: 3 Min 42 Sec | Words: 482 | Characters: 2,767 | Sentences: 37

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You need to understand this truly. It's the difference between using and owning.

Many companies, including cryptos, claimed to be backed by gold. The term "backed by" is often used very loosely. The difference between "backed by" and "affixed to." You should know.?

Backed By

Backed by" means something is supported or secured by something else.

When someone says, "Backed by gold," they are referring to a supposedly secured investment. For example, if BRICS currency or a cryptocurrency fails, your money is protected by the gold backing it up. This means whoever owns the gold has used it to secure BRICS or the crypto. The only issue is that millions of deals, companies, banks, governments, etc., have fallen through over the years using the phrase "backed." You can not show in any scenario where they forked over the gold. They claim to have it but file bankruptcy or hide when the deal goes sour. Name one financial backer with gold that ever turned over the gold to ensure you get your money back. We could name hundreds of deals where this is the case.

The truth is that no one who acts as the backer ever actually owns gold. In the financial support (backed or underwriter) industry, the exact value of all precious minerals, such as gold and silver, is repeatedly sold as no person or institution owns it outright. No one! Sometimes, as many as 29 people can share a single gram of gold.?

Often, gold's future value is sold to multiple investors simultaneously. No one owns the gold alone. Gold in the hands of a refinery, broker, reseller, or any middlemen doesn't belong to you or the crypto company. How can they replenish with gold that no one owns? Saying 'Backed by' is another way to make you feel better, that's it. No one has ever or will fork over the gold to save a deal. The old saying, "Captains go down with the ship," business people jump off and get on another ship.

Affixed To

Affixed to means something is securely attached to something else. For example, a currency may be "backed by" a precious metal such as gold, meaning someone else's valuable metal supports it. Affixed means it must be securely attached to the currency. This makes it a permanent belonging to one single owner. For example, in our Hybrid Currency System, the term affixed means any gold, silver, or other minerals in your account permanently affixed to your technological asset, which is permanently affixed to your account and cannot be shared. It 100% belongs to you, including the current and future value.?

We can achieve this as mineral extractors because minerals are at their highest value in our ownership. Keep in mind that no one will own that mineral before the miner. This is why we use the term 'affixed to,' which means it belongs to you.

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Citation Information

Hashtags: #Youngblood #YoungbloodIndustries #HybridCurrency #BackedBy #AffixedTo

Article: Backed By vs. Affixed To

Author: Office For Writings For Publication

Credits: None

Narrator: Samantha VoiceOver (If Used)

Images: Office of MultiMedia?

Website: Youngblood Industries dot Com??

Original: March 15, 2023

Updated: April 06, 2023

Published: September 17, 2023