We're still waiting to learn why and how the dev's can't abscond with the gold.

A deposit slip from a bank/vault is not a legal guarantee that funds are protected.

Heck, ryan kennedy reeked havoc on the bitcoin and dogecoin etc communities because he simply stole everything and there wasn't a legal mechanism in place to prevent him from doing so- he was arrested on rape, not on the theft of bitcoins from moolah when moolah imploded from him stealing the money.

All you're telling me is 'xaurum is backed by gold' and that's simply not enough.