Bitcoin. Only because it's price will go up. But if there was no price changing then Gold.

Yes. And that doesn't answer the question. So let us rephrase...is there something we are missing?

Withdraws will be paid in Bitcoin, but the interest will be based on the USD amount of the deposit and the interest will be added to that USD amount. So if you deposit $1000 in bitcoins you will get back $1100 in Bitcoins, no matter the Bitcoin price.

Hope this helps!

Thanks for the reply. This has been a topic of popularity since we opened our IPO. We are currently working to release our business plan and hope to have it available shortly. We are making minor tweaks to it. We will be sure to post it here as soon as it is completed for you. 

We are unfamiliar with cryptostocks being scammy? Is there something we should know?

We have officially launched our IPO on www.cryptostocks.com. Ticker: VAULTARM

Business Plan: https://docs.google.com/file/d/0B85a20KIq3s5cEhCTENScmhncjA/edit?pli=1

Thank you for your patience in our launch! We set a date for February 3rd because we wanted to make sure we had a sound business plan before moving forward. We will be working on our website and hope to have it up by early Q2.

We plan on being the first Bitcoin savings website backed by gold. We have already made our initial private purchase of gold to help fund the site.

We have secured 20oz in gold holdings worth $25,000. This was not bought with any distributed shares or future promises of shares. These holdings will not have a negative affect on future dividends or stock prices.

We hope you will find our investment profitable, and we see a very big future for our company.

Thank you for all your email questions and support!

We are including our previous pre-launch memo below in the event you were unable to see it last week.


“Our vision is to create a secure method for users to hold their cryptocurrencies and fiat without fear of losing value of those holdings, while increasing their personal wealth over time in a competitive interest bearing savings account called the “Armory”. Holdings will be backed by physical gold so users feel safe that their wealth will not evaporate, as is the case with the manipulation of fiat and interest rates. Our business plan is simple, to give our customers the ability to transfer or buy cryptocurrencies to store them in our Armory to gain interest without fear of losing deposits or value.”

LAUNCH DATE: February 3rd 2014.

We want you to know a little more about us before launch so you can make an informed decision about investing.

What is VaultArmory?

VaultArmory is going to be the first competative Bitcoin Savings holdings. Our goal is to give our customers what centralized banks refuse to, a way to hold your dollars through Bitcoins while backing up your savings with Gold. Centralized banks are unwilling to back up your dollars with gold because gold, and Bitcoin, are a direct competitor to the dollar.

What are the interest rates VaultArmory provides?

Interest rates have yet to be established, however one thing is clear, they will make banking interest rates look like a joke. Currently most Banks give you 0.5% to 1% in interest on your year long savings. We want to increase that drastically. Our interest rates, depending on the type of savings account you choose and the length will be between 2% and 10% per year. These rates will be finalized when the website is launched at an expected timeframe of Q2.

Will I be able to spend my bitcoins from my savings account?

Yes! There will be a short "maturing" period when putting your money in the Armory. This is to ensure there is not day trading through our Armory. We are also coming up with a system that rewards you for saving for longer periods of time, however you will always be able to take out your money. It does belong to you.

What if Bitcoins goes down in value? Do I lose the money I put in?

Never! You will never have to worry about the volatility of Bitcoins. VaultArmory will be responsible for all gains and losses in Bitcoins. This means if you put $1000 in the Armory, you will be able to take $1000 out with any interest you have accrued.

How does VaultArmory help the Bitcoin community?

It doesn't just help the Bitcoin community, but those who have no idea what a Bitcoin is. Our target audience is going to be those who have their money in traditional bank accounts making nominal interest. We need the Bitcoin community to spread the word to those who are losing money in their savings account due to inflation. Another benefit to our savings method is "Bitcoin Hoarding." Currently the price of Bitcoin fluctuates wildly. This is due to people buying Bitcoins, and then spending them. The receiver then sells them again to profit. We want you to continue to use them! This brings awareness to the Bitcoin community! However, we also want the dollars you are not using for Bitcoin and hold them in Bitcoin savings which will drive the price up. The more users we have with savings accounts, the more Bitcoins they buy to put them in those accounts, which equals a higher price in Bitcoin. We want to do our part to bring awareness to this revolutionary technology!

Why is gold necessary as a backup?

It is the responsible thing to do. Nobody can determine future prices, we can only speculate and have faith that a technology like Bitcoin will continue to grow in popularity. However, bubbles do occur and our customers holdings are extremely important to us. In the event Bitcoin hits a huge bubble causing users to panic and sell their Bitcoins, we want to ensure that we have a backup for our customers. Our customers WILL ALWAYS feel confident their money is safe with VaultArmory. We plan on partnering with trusted gold sellers online so our users know there is 2nd party verification of our gold reserves.

What does the future bring for VaultArmory?

We originally planned on creating an exchange, however before we make a big commitment, we want to become a respected and trusted site. We do have future plans to add not only a Bitcoin exchange, but also a gold exchange so you can buy your gold reserve if you choose!

We hope you will choose us as an investment partner so we can move faster to restore economic freedom!

If you have questions please contact us: help@vaultarmory.com

Thanks for the feedback. We do want to clarify that we are not a bank, and our customers can take their coins out when they please. There are many differences between us and a bank.

1) We don't change interest rates based on market changes or a central authority. They will remain the same, and if anything get more aggressive.
2) We are backing up our customers coins by gold. I don't know a bank that does that.
3) We will not operate on a Fractional Reserve system. Since we don't make loans your money stays where it is.
4) We don't charge annual fees, or fees to open an account.
5) We won't ask for your personal information. You will set up an account, but you can use any credentials you want.
6) We are not a cartel, we will not be breaking the law, limiting your freedoms, or lobbying for position.

Our primary goal is to get as many users into Bitcoin to drive the price up. Our target customers will be customers who have their money in banks with garbage interest rates, which in our opinion is all of them. At the same time, we want to minimize risk as much as possible to the consumer, which means no risk.

Our hope is that as users see the benefits we offer and make an informed decision.

Thanks!

Thanks for the reply, but I am wondering why you think our company is a scam? We are a startup that has to start somewhere. We choose GoDaddy because they are trusted.

What part of the bolded areas are hard to understand? Making interest holding bitcoins with less risk, in fact no risk compared to banks. This is why we back our account holders by gold. We hope you continue to remain sceptical. Skepticism is what has given us the finalized idea for our service. We challenge you to check the site after launch and repost any concern so we can alleviate them for you.

We hope you will be a future happy customer. Thank you.

Hello Bitcoin enthusiasts!

I just wanted to inform you all that www.vaultarmory.com will be launching our IPO on www.cryptostocks.com on February 3rd, 2014 (Ticker:VAULTARM) We plan to be up and running sometime in Q2. We are going to be the first Bitcoin Savings account backed by Gold!

More information about our vision for you can be found at www.cryptostocks.com by clicking on our ticker VAULTARM.

If you have questions please reply or respond in private at help@vaultarmory.com.

We hope to hear from you, and welcome your investment & business.

VaultArmory