It costs $20,000 in btc at current prices to get 4ish ounces of gold, unsure how people are supposed to want to trade for gold at this exchange rate.
If the pricing was more accurate/up to date I think this would be a great project though.
You do not understand the concept of Xaurum. I still do not understand why some of you still calculate the backing of Xaurum and constantly think that if the market price is over the quantity of the gold, that Xaurum is overpriced. So BTC, USD, EUR are 100% overpriced?
1. How much gold can you buy with 100usd worth in BTC, USD, Xaurum? The same amount.
2. For how much gold can you directly exchange 1BTC= 0g of gold; 1USD= 0g of gold; 1EUR= 0g of gold; 1Xaurum= 0.000483g of gold
If you would like to buy gold, buy it. Buy 100g of it and store it in your vault. Open the vault after 10 years and dont be surprised if there will be still 100g of gold.
If you would like to have a unit which has a gold growing base, then buy Xaurum. I guarantee you that you will have more gold behind this unit on a daily basis. Just in last year the quantity of physical gold per 1 unit grew 4times. That means that if you bought Xaurum with 100g of backing, now you have more than 400g of gold behind the same amount of Xaurums. And it is just a beginning.
Try do understand the concept of Xaurum.
STORE OF A VALUEMy thing is, I don't want to wait x years for it to be an equivalent exchange; and then x years for possible appreciation/gains of gold.
If I spend 20k on gold I want 20k in gold, not 4k and then having to wait x+ years for it to be worth 20k/break even.
If I spend 20k on gold I want it to gain value/be worth more than 20k in 3+ years.