Post
Topic
Board Announcements (Altcoins)
Re: [🚀][ANN][Aurum Project] 💠 Xᴀᴜʀᴜᴍ 💠 ▲ 1 Xaurum ≥ 1,992g 999.9 gold ▲
by
bbb8
on 10/03/2016, 14:58:47 UTC
ok so each XAU is now almost worth 2 grams of gold? 
whereas gold is priced at 40 USD/g  so 2 grams = 80 USD  Huh

whereas XAU is priced at 220 USD ?  Huh Huh Huh   does this make any sense to you guys?  Lips sealed Lips sealed Lips sealed

Three very important important questions that have to be asked:

1:  why is the price of XAU artificially inflated to almost 3 times what the reserves are worth?
2:  how is XAU artificially inflated to that price
3:  why is nobody selling XAU for bitcoins or USD and get 3 times the amount of gold from the market than what's promised by Xaurum.  Roll Eyes

I assume anybody actually buying XAU on the exchanges and paying 3 times the price of actual gold is doing this in the hopes of the growth that you're promising by these constant posts of how much each XAU is worth everyday, but your growth is only based on having these miners mine and mine more and maybe even get more miners joining the pools, something doesn't smell right in this scenario  Roll Eyes

a second part contributing into this artificial appreciation of your currency is done by the miners again, everybody mines not XAU but other altcoins and then you buy XAU therefore creating artificial demand.

another question i'd ask and i'd hope you're very honest on this one since this is of personal importance to me  Grin is there any way to short XAU??  Cheesy because i'd do it right now.