Ekon Gold is a stable coin, backed by physical gold, store in a private vault in Switzerland.It is properly, audited, transparent and redeemable as you go, for real. Bitcoin and other cryptocurrencies have no backing assets, their price is determined solely by market demand. Since the so-called gold standard had been abolished, there are no fiat currencies that are 100% backed. EKG's goal is to restore the gold standard in the internet era.