RE: The Secret of King Solomons Mine…
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If your sample really runs 6 oz per pound, that is beyond anything in normal ore, more like a lucky concentrate or an assay quirk, and would make any lab double check fast :)
Dark material can be tarnished silver, yet very often it is sulfide minerals that carry values rather than native metal.
Repricing me;lt to 90 while market gold trades far higher would trigger instant arbitage and drain your coins unless you control convertibility, that is just basic eConomics.
For a stable coin line, clear redemption terms and audited reserves keep trust, otherwise the spread will widen and users will feel shaky, because math wins that fight every time.
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The melt value of Silver and Gold must remain lower than the face values of our Silver and Gold Coins, just like the burn value of Paper Dollars must be lower than their face values… The Market values will be allowed to dip below $90 for an ounce of Gold, but our Coins face values will remain stable… I’ve been doing my own testing on the Silver and Gold Ore… I do realize that Miners would be thrilled to find one ounce of Gold to the Ton… 12,000 ounces to the Ton is quite amazing and very hard to believe… I haven’t been able to prove myself wrong about my findings…