Gold being a good and not a currency is the same reason you don't need to hand over KYC info if you buy a new TV or couc

[Vaultoro]

From our blog post.
http://blog.vaultoro.com/2016/04/23/gol ... up-apr-23/

We at Vaultoro notice a lot more merchants (especially in the developing world) that accept bitcoin, hedging that volatility risk in gold instead of fiat. This is probably because fiat exchanges or bitcoin payment processors require by law a much stricter KYC framework that most people in developing countries just don't have the paperwork to satisfy.

Gold being a good and not a currency is the same reason you don't need to hand over KYC info if you buy a new TV or couch. In the EU (with some exceptions) anyone can buy 7500 euros a day of a good without KYC. Vaultoro enables people to buy allocated gold secured in their name as their legal property up to 5K USD worth of bitcoin/day before requiring a copy of a government ID and proof of address paperwork.
We hope that this will enable bitcoin to be a useful currency in places where it is most needed.