Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Xaurum - Adding Value [XAUR]
by
keskerdark
on 07/05/2018, 15:25:48 UTC
Have someone here lately tried to burn xaurums and take a physical deliverment?

I am still wondering who pays for converting 1000g gold bars to small expensive 1g bars at deliverment.. is this cost pre-paid, where/how can I check thats true? the audit only says they have x amount of gold in 1kg bars...

When mint happens you get Xaurums via procuction price- the cost of melting in included in that price. They store 1kg goldbars becouse of less cost.

Ok, just cant belive how cheap Xaurum really is Smiley

for about 980 XAUR you get a 1g gold bar

https://www.moneymetals.com/one-gram-gold-bar-9999-pure/121

1 gold bar cost atleast $53
980 XAUR = 980 * 0,05 = $49

I dont think it ever will be this cheap again...just look at other goldbacked crypto coins, +200-300% from here could happend very fast when we have some bullish news.