MBMX Gold Backed Money

The People's Money

MBMX Gold Backed Money Texas Mine Valuation:

Gold 1 385 450 ounes – $ 2.47 bn

Platinum 4 948 900 ounces – $ 5.33 bn

Total value: $ 7.8 bn

Gold

Because of its unique qualities, Gold has been the one universally accepted material in exchange for goods and services. Gold began to serve as backing for paper currency systems when it became widespread in the 19th century. All nations still accept gold as a medium of international payment.

 

  1. It is non-reactive (inert): Unlike Iron which rusts, or Magnesium which combusts in the presence of water, Gold stays the same. In fact, it is believed that over 90% of Gold is stored in vaults, either as bars or jewelry. Those who store it know that it does not deteriorate.
  2. It is malleable: Gold is a relatively soft metal meaning it can be smelted and molded into various desired shapes.
  3. It is attractive: Everywhere in the world, Gold is not only accepted but desired. From Africa to Europe, Gold is seen as a sign of wealth.
  4. It is internationally accepted: Although cultural practices would frame what items are deemed valuable, Gold was globally accepted and still is today.

Platinum

Platinum shares many similar qualities with Gold. It is rare, inert, and pleasing to the eye. In addition, it has a higher melting point making it energy-intensive to smelt and forge. 

Platinum mines are few, which keeps the price of Platinum stable and high. Most Platinum deposits are located in South Africa. 

Platinum has industrial use as a catalyst. For example, it is used in the automotive industry to reduce harmful emissions.

Platinum is denser than Gold, which is one of the reasons why its price per ounce is higher than Gold. Unlike Gold that needs to be strengthened by other metals such as nickel, Platinum is strong enough to form jewelry on its own.

MBMX Gold Backed Money

10% of MBMX Gold Backed Money reserves will be utilized.

10 million MBMX Gold Backed Money will be minted into the marketplace.

Texas Mine (K-150) Valuation

The MBMX Gold Backed Money designated area is known as K-150

Below you can study the platinum and gold reserve calculations and valuation report (Geological Report).

The report is for the total of 605,000 tons, which has been adjusted below to reflect the assigned tonnage of 200,000 total tonnages per allotment included in the below calculation:

Amount of this deposit = 10 Acres X 43 560 Sq.ft/Acre X 30ft. divided by 27 = 484 000 Cu. Yds.

484 000 Cu.Yds. X 2500 Ib/Cu.Yds. divided by 2000 ton/Ib = 605 000 tons.

The Texas Gold & Platinum Mine

MBMX Gold Backed Money has a great history and vast experience in the mining sector.

This puts us in the driving seat to utilize the mine in Texas (K-150).

TONNAGE CALCULATIONS FOR TEN-ACRE DRILL PATTERN K-150 GOLD MINE:

  •   43 560 Sq. Ft (1 acre) X 3’ deep equals 130 680 Cu. Ft.
  •   130 680 Cu. Ft. divided by 27 Cu. Ft (1 yard) equals 4 840 Cu. Yds.
  •   4 840 Cu. Yds. X 10 (30’ deep) equals 48 400 Cu. Yds.
  •   48 400 Cu. Yds. (1 acre 30’ deep) X 10 acres equal 484 000 Cu. Yds.
  •   484 000 Cu. Yds. X 1.25 tons per yard (2 500 Ibs) equals 605 000 tons.
  •   605 000 tons in 10 acres @ 30’ deep.

Generally, there are 2 700 pounds in one cubic yard of earth. Depending on the makeup of the material it can be slightly more or less.

For the above calculation, a conservative ratio of 1.25 tons per cubic yard was applied.

The report is for the total of 605 000 tons,  which has been adjusted below to reflect the assigned tonnage of 200 000 total tonnages per allotment included in the below calculation:

Amount of this deposit = 10 Acres X 43 560 Sq.ft/Acre X 30ft. divided by 27 = 484 000 Cu. Yds.

484 000 Cu.Yds. X 2500 Ib/Cu.Yds. divided by 2000 ton/Ib = 605 000 tons.

GOLD DEPOSIT

605 000 tons X 2.29 oz/ton = 1 385 450 ounces

TOTAL VALUE:

$ 2.47 bn

PLATINUM DEPOSIT

605 000 tons X 8.18 oz/ton = 4 948 900 ounces.

TOTAL VALUE:

$ 5.33 bn.

TEXAS MINE TOTAL VALUE: 7.8 bn.

Ounces of Gold

Gold Deposit Value

Ounces of Platinum

Platinum Deposit Value

MBMX gold backed money gold coin
MBMX gold backed money black purple coin

MBMX – Gold Backed Money

THE PEOPLE’S MONEY

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MBMX Gold Backed Money is a decentralized digital asset that’s backed by physical Gold and Platinum.

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