At the end of the day if you tokenize gold and silver on a block chain, you have to trust whoever is reporting the gold and silver reserves which leads back eventually to fiat currency and the problem we have now.

The only way to solve that problem is to somehow make the gold and silver physically auditable 24/7 by the public and I don't think that is possible.

A cryptocurrency lives on the block chain, you don't need to trust a 3rd party. It is auditable 24/7 by the public. It stops the continuing cycle of banks bankrupting everyone.

At the end of the day if you tokenize gold and silver on a block chain, you have to trust whoever is reporting the gold and silver reserves which leads back eventually to fiat currency and the problem we have now.

The only way to solve that problem is to somehow make the gold and silver physically auditable 24/7 by the public and I don't think that is possible.