Quote from: bbb8 on March 10, 2016, 02:58:47 PM

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

does this make any sense to you guys? 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.

I think its still cheap. Gold is gold, you buy it and its there, doing nothing, 1g will always be 1g. If you buy Xaurum, your gold reserves increase, thats a pretty significant change.

1: I'm pretty sure our coin is the least inflated, you see the others don't even have gold reserves...
2. How is Bitcoin/anycoin inflated to that price
3. nobody is selling XAU for bitcoins to get 3 times the amount of gold because they are anticipating XAU to be worth more than they can get today and did their math

Yes the value is created by mining and minting, much like in other crypto, the difference is that in Xaurum, miners don't compete but cooperate, all the capital that other coins lose to internal competition is invested in the commonwealth. What do you think is happening in other coins? Do you think that miners don't have anything to do with bitcoin's price?