Several commodity-backed currencies have recently been launched. When the gold standard was abolished, many believed that the end of commodity-backed currencies was at hand. However, gold and other stable precious metals, and even gemstones, have made a comeback as backing tokens and e-currencies. It is now possible to own part of physical gold bars or of a coloured diamond, or coins, without having to buy it or fully own it. Commodity-backed cryptocurrencies or tokens are also emerging as a way to raise capital for mining projects, where investors are able to buy physical material, loaded on a blockchain platform, and securely stored once it has been mined.
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