Hi, if i bought some xaurs on exchanges, how many xaurs should i buy for want to physical one gram gold?
Today you can melt 1099.08 Xaur for 1g gold bar. But in the future you can get more gold for this xaurums. In october 2016 melting ratio was 2239.54 Xaur/1g.
In 2030 we will get 1g gold for 1 xaur?
Well, if the gold backing each xaur continues to increase at the same average pace that it has for the last 6 months, we should actually be able to get 1g gold for 1 xaur in just 5 years from now. THIS IS IS WHY THIS PROJECT IS SO AMAZING!!!! First of all, I feel like this project is starting to get noticed, and you can see that it is as the gold backing the token is accelerating. But, even if that weren't the case, if we just kept the current pace, that would mean that in today's dollars (and gold price), 1 xaur would be worth approximately $40! Considering the world is awash in debt and most fiat currencies are on the decline, it's highly unlikely the gold price in 5 years will not have at least doubled (VERY conservative in my opinion), which would mean a value of $80 for 1 xaur (assuming the same rate of increase in gold backing from the last 6 months and gold doubling in price (approximately $2560 USD). And as the gold price goes up and crypto currencies become more widely adopted, XAUR is of course going to continue it's acceleration, at least for a while. I own quite a few different cryptos, many of which have gained significantly more value then my XAUR holdings; however, if you ask me which one I would bet on being the mostly likely to retire me at an early age, I would tell you XAUR!
By the way, if the current rate of increase (from the last 6 months) of gold backing the XAUR continues until 2030, each XAUR would be worth 30,506 grams of gold - LOL, we'd have to switch to measuring our XAUR in troy OZ - 1 XAUR = 1000 Ozt!!!! I know that's not likely to happen, but if the current pace (where the gold backing XAUR doubles every 6 months) continues, that is where we would be in 2030.
And by the way, I know the pace can't continue like it has as there isn't even enough gold in the world to support the numbers I've thrown out. But just imagine, if even a tiny fraction of this calculation takes place, most of us (not the trolls) will be very happy.