Topic: [ANN] Xaurum [XAUR] - page 106. (Read 326990 times)

If I understand correctly Calangaman wanted to ask about the corelation betweeen the price of gold itself and XAUR price (don't know which one).
If we are talking about XAUR gold price it is directly related to the price of gold and the amount of gold behind every XAURUM as explained by nihilnegativum.
If we are talking about production price, then the price of gold takes place when the mint occurs since production price is related to the ammount of $ in mint and price of gold at that time.
If we are talking about market price of XAUR it has no direct relation to price of gold since it is a pure supply and demand, although it is pushed up with the mint event.

Why XAUR moved more than gold? Because XAUR does not have a fix coverage in gold. For example if XAUR would be backed 1:1 with gold then we could say that only gold price reflects on the price of XAUR. But XAUR has a growing gold base. This means that every day there is more gold behind every XAUR, and this gives the real advantage to XAUR if we compare it to gold itself.

Why buy XAUR instead of gold ETF? Explained in previous line, but again (it does not matter ETF or phisical bulion) If you buy 1g of gold today, you will have this same 1g of gold in 5 years from now.
If you buy XAUR for let's say same amount of money you have today Xaurums which have parox 20% backing in gold, but in 5 years the same xaurums might have 2, 3 or even higher ammount of gold             

Thanks but I couldn't find any useful answer to my questions...

I don't think they are going to lie to all it's investors at this point of time they are just starting to peek and they have shown a lot of transparency all throughout this thread and have also answers all the supporters question about their project.

http://xaurum.org/commonwealth_audit.html

You can see some pictures of gold on a page 30 and on some newer pages as well. I think there will be some new photos of all the gold soon.

I don't know about picture of gold, but I think I saw somewhere pictures of documents from Loomis that prove we really have this gold, but I am not sure...

Anyone know where I can find a picture of all of the gold reserves in one single pile? I would surely invest a lot more having an image of all of the gold, but there is just simply only a couple of pictures of 1gram gold bars labeled with the Xaurum logo, I would like to see ALL of the gold, is this possible???

Yeah we will see... Hardfork is coming for bitcoin so really nobody knows hot the community will react...

Maybe 5000. Could be more, could be less. Nobody knows.

But let me ask you one question. What will you be able to afford with 1 Bitcoin in 2020? A new car? Or even a house? Or maybe a pizza? The answer is again nobody knows.

But when we are speaking of a Xaurum, I can say for sure, that in 2020 I will get ET LEAST 0.0009098463901215395g of gold for 1 Xaurum (but most probably lot more).

I am not talking against Bitcoin, I am just emphasizing the power of Xaurum.

Next week 5000sat?

Ok, the coinage formula is accessible here:

https://docs.google.com/spreadsheets/d/1Spg-mGTbt5u8-PI4IfxuZ4gtChNSKvDuN82PBFAyXq8/edit#gid=1340739570

Did anyone manage to do some test calculations with it? Since most of the fields are empty.

"I'm not a dev, but your matematics about Auresco Institute received money was wrong. They don't received 2,3 mio USD but about 1.093 mio USD (there your matematics is right).
In Coinage formula there is "minting price", price with discount for minter. This price is not directly related to new production price. You must study coinage formula.
Devs, please give as a link of Xaurum coinage spreadsheet. "
Oh ok, where can I find the minting price? And also I based my calculation on the fact that it says in http://xaurum.org/production_price.html that "It is impossible to produce new XAUR, when the price lower than Production price.". Therefore it means that it is not entirely true since minters actually mint below the production price?? Or did I  get something wrong?

http://xaurum.org/production_price.html

Click on 'Xaurum Coinage Formula' on this page.

Where is the Xaurum coinage formula available?

I'm not a dev, but your matematics about Auresco Institute received money was wrong. They don't received 2,3 mio USD but about 1.093 mio USD (there your matematics is right).
In Coinage formula there is "minting price", price with discount for minter. This price is not directly related to new production price. You must study coinage formula.
Devs, please give as a link of Xaurum coinage spreadsheet.

Can anyone explain the following discrepancy?, I am new to Xaurum so I apologize if it is a simple question.
There was 8,092,484.2232 Xaurum coins issued on Mint 23 July 2, 2017. That means that the Auresco Institute received $2,307,167.25203 USD for purchasing gold, however the Gold increased proportion was only 21,868.49 grams, considering the price of gold floats around $40 USD and the price of refinery is maximum 10 extra that means each 1 gram gold bar should have costed 50$ maximum, and if Xaurum buys in high volume this means the price was probably lower. That being said if the Auresco institute received $2,307,167.25, and only 21,868.49 grams of gold were added to the common wealth, if we multiply times the price 21,868.49 x 50 USD per gram that means only $1,093,424.5 USD were used to buy more gold, $2,307,167.25203 - $1,093,424.5 = $1,213,742.75203 in unaccounted funds, another 24,274.8550406 grams of gold could have been added to the Commonwealth! Am I missing something, is there extra costs involved? Sorry I'm new to Xaurum it would be great if somebody could explain where the extra funds go....

In the real and virtual world everything moves fast,we don't know what will happen in the crypto currency a new innovation will emerge and Xaurum might and could adopt a new technology or adapt a new features or change the plan to benefit holders the most important thing is the reputation of the team behind it

Hey guys, I lost my phone and cannot login to my RICO account due to 2FA.

Is there anyway to retrieve it? Who can I contact, from here or elsewhere?

Thanks.

So, if bitcoin rises 100x in next 5 years and the price for 1 XAUR will be still 10,000 sats after 5 years, is this not a growth of XAUR to you? 0.26 USD/XAUR today vs 26 USD/XAUR after 5 years? 

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.

I don't know, what will be in year 2030, I'm telling you today situation and situation in 2016.
You can see price chart after mint 23 how gold backing is growing:
http://i3.imageban.ru/out/2017/06/03/1f23179ce83959dc671d5b4a2cc498fd.png