You could look at and read the website: www.xaurum.org.
1. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs.
2. Loomis issues daily reports. The old web sites had a link to them. If you want to see them, ask the Auresco Institute. You'll probably get them easily. There is also an official report PricewaterhouseCoopers d.o.o.
3. Currently is 1000 XAUR = 1.01766991 g of gold. The gap is constantly changing. The ratio can not be lower, it can only be higher. Read the white paper.
4. You can track the amount of gold and the number of coins in real-time on the website. You can do control at etherscan.io.
5. There is no reason that you will not be able to withdraw all your tokens. You can sell them on the stock market. You can pick up gold. In this case, the coins are destroyed. Therefore, the ratio of gold to coins remains the same. XAUR is not a classic currency crypt. XAUR is a kind of certificate of ownership of a physical gold that uses a block chain. XAUR can not be mined. If you want made XAUR, you must buy gold. That's why gold does not run out.
6. I am not part of the company, but it is logical for me that part of the money collected is for expenses. The bulk of it is for the purchase of gold.
1. All the gold reserves are stored at Loomis, except 6351 g in locally for faster melting. The gold is prepaid as 1g 999.9 good delivery gold bars and stored as 1 kg or 0.5 kg bars, to decrease costs.
2. Loomis issues daily reports. The old web sites had a link to them. If you want to see them, ask the Auresco Institute. You'll probably get them easily. There is also an official report PricewaterhouseCoopers d.o.o.
3. Currently is 1000 XAUR = 1.01766991 g of gold. The gap is constantly changing. The ratio can not be lower, it can only be higher. Read the white paper.
4. You can track the amount of gold and the number of coins in real-time on the website. You can do control at etherscan.io.
5. There is no reason that you will not be able to withdraw all your tokens. You can sell them on the stock market. You can pick up gold. In this case, the coins are destroyed. Therefore, the ratio of gold to coins remains the same. XAUR is not a classic currency crypt. XAUR is a kind of certificate of ownership of a physical gold that uses a block chain. XAUR can not be mined. If you want made XAUR, you must buy gold. That's why gold does not run out.
6. I am not part of the company, but it is logical for me that part of the money collected is for expenses. The bulk of it is for the purchase of gold.
thanks for the answer - now I do see some of this info on bottom of the website
#3 is not clear - you say that ratio is 1000 XAUR = 1.01766991 g of gold - but I recall reading somewhere that it used to be 2000 XAUR to redeem 1 gram of gold - - - how many XAUR is minted for one gram of gold? is this a fixed ratio?