Quote from: Hueristic on July 27, 2016, 07:56:33 AM

Quote from: kaicrypzen on July 27, 2016, 07:38:52 AM

Quote from: Hueristic on July 27, 2016, 06:35:56 AM

Loomis US
2500 CityWest Boulevard
Suite 900
Houston, Texas 77042
Phone 713.435.6700

This is headquarters, sorry guys I'll not be taking a jump over the pond for this little coin. And don't forget even if the funds are there it's about control. Whats to stop the central authority (holder) from just walking away with it?

Yes, but they also have offices in other countries (like Turkey and Sweden). They said the gold will be stored in Loomis Stockholm ...

Nothing stops them from walking away with the funds (and the gold if there's any). It's the same risk as every ICO ...

No it's not, above board ICO's use Trusted escrow. IS THAT TOO HARD FOR YOU TO COMPREHEND Huh

Writing in bold and capital letters won't make me understand Wink

. There's nothing to get upset about here. We're all just trying to understand what's going on with the project.

Maybe you could explain what I don't understand one more time please?

I just reported what was said by the team:

Quote from: Aurum Project on July 20, 2016, 08:18:37 PM

Gold storage

We are proud to announce that ‪Xaurum representatives finalised an agreement with ‪‎Loomis‬ - Stockholm (Sweden) based corporation - for exclusive gold storage.
The agreement guaranties safe storage of Xaurum gold including ‪#umbrella‬ insurance policy (this covers everything including war, natural disaster, ).
In addition to safety, we have also agreed to enable ‪transparency‬ for our community - Loomis will enable web access to Xaurum storage balance-sheet (it will take some time)! When enabled, we will give access to this account to everybody!

The decision for Loomis was an obvious an logical one. They are a corporation, present all over the world. They are best in the world at exactly what we need - Safe storage and full insurance coverage.

ABOUT LOOMIS (www.loomis.com/en/About-Loomis):
Loomis is the specialist in creating an efficient cash flow in society. We offer comprehensive solutions at all levels of society including financial institutions, retailers, other commerce related business and the public sector. Our 23,000 employees operate at about 400 branch offices spread across more than 20 countries.

And stated an opinion about all ICOs being risky ...