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I was present at this meeting last Saturday and I'm more than happy with the news presented to us. Especially I'm happy because the team decided to start with regular updates for the investors so that we can really keep up with the news soon we will see the results on the market, very soon.
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@tiagosilva, do you want to see some more photos of gold bars? Let me google them for you? use keywords as "gold bars", "gold stack" etc... we're not fools, certificates are a proper way and not some random photos. Stop fooling us, we're not a penny brokers.
It looks like you completely misunderstood my point. Please read carefully one more time my previous post. Of course certificates are a proper way, it couldn't be different. And that is what I wanted to tell. I have put on purpose the photo of gold bars from google, because I wanted to show that a photo doesn't mean anything. Because it could be taken from everywhere on the web and saying that this is Xaurum's gold. And somebody wants to see this proof, which in reality isn't, because it can be faked at any time. The only valid proofs are the certificates from established institutions (like Nadir and Loomis). I hope I made myself clear now
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I personally don't care about the following but I am starting to since many of my friends don't believe in this project due to lack of proof. Pertaining to the most recent minting event, numbers that indicate the gold is growing are excellent, but can you guys please add a picture of all the gold? My friends simply don't believe the Loomis document, saying it is possible to forge the document, or even just having fake gold bars listed as real bars, since Loomis only cares about protection of the goods and not verifying the authenticity of the gold. They also keep on saying that if Xaurum/Auresco actually has the gold, they have no reason to hide the fact therefore they would be willing to post a picture, which is valid in my view and I can understand why many people have trouble investing in Xaurum, if we could only have 1 picture of ALL the gold we would not be in Rank 65 of coinmarketcap, but rather in rank 25 or above.
Here is the (fake) picture of gold you wanted to see: http://imgur.com/a/MHlqULook, if somebody doesn't believe to Nadir's and Loomis's official statements, than he/she will not believe to the picture of gold neither, because also this can be faked. And than he/she will want to see other proof, and than another proof, and another...Tell me what proof do other coins have when they say that they are backed with energy, with some new techonolgy, with I don't know what...and yet people invest in them. I understand your desire to be 100% sure in this project, but I personally think that it is difficult to be more transparent than Xaurum project is and the devs are doing everything they can to be trustworthy.
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If its not pump and dump coin as they said then we investors who hold the XAURUM token its worthless to us , and the gold which was never under our control means we don't own any gold. it looks like the devs are collecting our money to buy a gold which we will never seen in the future but if you pump and dump at least we can make some profit more that holding the imaginary gold. So basically Xau is not for investors rather its for those who want to buy gold and let Xaurum team control it for them. Actually I'm going to dump all the worthless Xaurum tokens I have soon ,and I will use the money to buy some gold and silver.
If you own Xaurums can you please tell us when did you buy them and what was the price at that time? Did you buy them in Maj when the price was 0,22$? Or did you buy them sooner, in April, when the price was 0,15$? Or did you buy them in March, when the price was 0,08$? Did you buy them even sooner?? What is the price today on the market and tell us how much profit did you make? 200%, 300% in last three months? Or did you make more? If you are not satisfied I'm willing to make you an offer and buy all your Xaurums! Just PM me!
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XAU is flat , all other Alts are partying except Xau where are the team ? Why no any big Announcement ?
Check today's situation on coinmarketcap and tell me how much are the other cryptocurrencies partying. Remeber folks, Xaurum is not so volatile like others, but this doesn't mean that it is a bad sign, not at all! It maybe can not go in one night 300% up like others, but it also can not fall by this much like others! Why? Because of gold behind! And one more time...the beauty of Xaurum is in its growing gold base, which means that on the long run, the price will go only UP! Now let's party!!!
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ok i get this but if this is a so nice concept why price is not yet 100k? the system with more gold and minting means that price of xaur can't dump becouse of rebuying it so the price could get high like ETH or LTC? why is that no? becouse of no marketing or no poloniex included? Why the price is not yet 100k? Because the price of xaur reflects the value of gold behind each xaurum. And so far the project is still very young, so there's not enough gold in behind each xaurum to support the price of 100k. If xaurum developers would use all the money they used to buy gold to pump air, now the price of the coin would be much much higher. But this is not the point...the point here is to give to people a stable, profitable and safe investment. Is this understandable now? i understand now thanks but i still don't understand why trading is not matter? Every good coin need a lot investors with high trading volume to the adoption of coin is widely i don't need price of 100k i'm just sayin that all coins are sold about 10k 11k price then it's so difficult in future for trading and price rise a lot... or just owners matters that they can cashing out btc's and grow gold base... Why there's small trading volume? Because people who bought xaurum and understand the concept, they know that the price will go up with each new investment. They know that with every mint, the price of xaurum will be higher and higher, because there will be more gold behind. So if people know this...than they are not ready to sell it. Why would they do it, if next week, next month, next year...the price will be higher? They will do it, only if they really need the money immediately for something else. So this is the reason why there's such a small trading volume - because very few people want to sell their xaurums.
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Reserves in gold means nothing if price will be stable and all will.buy at 10 or 12k all the time. Nonsense for trading and no usefull on long term. Owners will earn a lot.with cashing put btcs to eur...we will be holding many years...I am no pesimist just xaur need some.promotion to get more people involved for trading and share dividends to all owners like taas will... This will make strong coin and usefull for future dont you think? Ltc eth...xrp...look at them they have no gold behind Why are you talking about stable price? Have you checked the growth in price in the last two months when the gold behind all xaurum coins grew by 40kg?? Have you noticed that the price went up from 0,08$ to 0,2$ in less than 60 days?! This means a profit of 150%, is this really so little for you? Than tell me another investment giving you the same level of security and the same level of profits in such a short term. Because if you have a better opportunity I'm ready to invest big. The price of xaurum will continue to grow together with the growth of gold, so don't worry that this will not be profitable.
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ok i get this but if this is a so nice concept why price is not yet 100k? the system with more gold and minting means that price of xaur can't dump becouse of rebuying it so the price could get high like ETH or LTC? why is that no? becouse of no marketing or no poloniex included? Why the price is not yet 100k? Because the price of xaur reflects the value of gold behind each xaurum. And so far the project is still very young, so there's not enough gold in behind each xaurum to support the price of 100k. If xaurum developers would use all the money they used to buy gold to pump air, now the price of the coin would be much much higher. But this is not the point...the point here is to give to people a stable, profitable and safe investment. Is this understandable now?
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Hey guys look at the coinmarket...90% of the cryptocurrencies are gowing down today (because of the unrealistic price growth in the last weeks). Xaurum on the other side is gowing up and we know why GROWING GOLD BASE in each and every xaurum! The only way is up!! Have a good day xaurum owners!
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Please explain this coin in simple language. Who owns stored gold How it is with mining Why price dropped if there is so much gold in reserve I am reading all available info on website and forum about this project but simple explanation would be nice Take a look what happened from March 2015 to May 2017 with Xaurum. Watch the INFLATION vs. GROWING GOLD RESERVES. very nice summary Super explanation! Very easy and understandable for everyone. The amount of gold has increased 6 times more than the amount of coins. And that's the most important thing to know. Gold base behind every xaurum is growing and growing, which is making this project so beautiful see you guys on the top!
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Thank you for this chart, please continue refreshing it in the next weeks, months.
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Xaurum Mint XIX:
Mint market-buy: 0.749 BTC
Gold increased: 10160.8971962617 g Xaurum issued: 5436349.875157679 XAUR Xaurum Ratio: 0.0006383495271585252 1 g can be melted for: 1566.5398930446202 XAUR
Total Xaurum money supply: 103999646.952218 XAUR (total fees not subtracted) Total Xaurum gold reserves: 66388.12545660192 g
New production price: 0.1856 $ Nice.. good work gays!!! Hehehehe I don't know if I'm more surprised by the amount of new gold or if I'm more amused by the spelling of the word "guys" )))) Anyway, congratulations to the Xaurum team and to all Xarum holders!
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Hello. I have one question...Does anybody know how is the new gold divided in gold for new xaurums and in gold for backing the existing xaurums? Is there any rule for this? For example...60% of gold goes for new xaurums and 40% of gold goes for existing xaurums.
Thank you for the answer already in advance😊
The % are not fixed, it depends on the market price or production price. Creation of 1 new XAUR requires the gold that the existing XAUR already represent, and the additional gold is the value between this value and the production price of XAUR or market price, if it is higher than production price. OK, I think I have to read it for a couple of times so that I will fully understand it, but thank you for the explanation
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Hello. I have one question...Does anybody know how is the new gold divided in gold for new xaurums and in gold for backing the existing xaurums? Is there any rule for this? For example...60% of gold goes for new xaurums and 40% of gold goes for existing xaurums.
Thank you for the answer already in advance😊
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Xaurum Mint XVIII:
Mint market-buy: 17.73 BTC
Gold increased: 8927.761467889915 g Xaurum issued: 5737991.357415545 XAUR Xaurum Ratio: 0.0005704672756172883 1 g can be melted for: 1752.9489293104941 XAUR
Total Xaurum money supply: 98563459.57706025 XAUR (total fees not subtracted) Total Xaurum gold reserves: 56227.22826034028 g
New production price: 0.1573 $ Unbelievable!!!! Keep up with the great work! Congratulations to all Xaurum holders.
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Those 10 wallets will have a pretty big smile in the next months/years
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XAURUM keychain Happy Easter You did a great job! Is it possible to buy this keychain?
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When Xaurum rico, i had bought some xaur, then i sold my xaurs on Christmas at 10-11cent. The price is same now. The Developing stopped?
If you sold all your Xaurums and now you have none, than you shouldn't worry about the price If you're also not planning to buy them anymore, than my suggestion to you is to not look at the price anymore in the future, because you might get headache for the missed opportunity
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Wooow, such a nice balls 😉
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Gold, production or market price? Production price 😊
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