XGold Coin (XGC) is a gold backed digital crypto-currency option. What makes it different from the 1000 or so other crypto-currency choices available is that it has Real Physical Value.
XGold Corporation (XG)
XGold Corporation (XG)is a Real Physical Gold production company that owns interests in various Real Physical Gold production mines, and with additional long term contractual commitments from other Real Physical Gold provider sources who operate Real Physical Gold machinery for the purpose of producing Real Physical Gold.
More about Gold Crypto
At XGold Corporation we are expanding our operations and are looking to increase and update production chains with advanced technical equipment. We are also forging new relationships with smaller mining operations that will get an economic lift via our process of business agglomeration. We know smaller operators spend most of their production on supplies and diesel, etc. And, worse they don’t use cash for these necessary purchases, they use unrefined gold. This costs them very highly. In fact, it forces the smaller miners into “poverty traps”.
Our business model intends to end these “traps”. With allocated proceeds, we will advance equipment to increase their production and at the same time secure discounted pricing on that production. An equity approach based on fair trade through common interests allows profits, lives and communities to live sustainability.
XGold Corporation (XG)
XGold Corporation (XG) is a Real Physical Gold production company that owns interests in various Real Physical Gold production mines, and with additional long term contractual commitments from other Real Physical Gold provider sources who operate Real Physical Gold machinery for the purpose of producing Real Physical Gold.
YES, we produce REAL PHYSICAL GOLD.
Our team consists of mining professionals, engineers, banking professionals, legal representatives, computer scientists, field workers, managers, machine operators, surveyors, analysts, prospectors and financial traders. Each of us individually and as a collective group are determined to democratize Gold as a commodity and allow every type of investor everywhere, especially the “bit” investor, access to its purchase and all its benefits.
From Hedging against potential losses in other investment portfolios, or Safe Haven investing by protecting against global catastrophe, or simply investing in Gold as a direct investment, or even using Gold to pay bills, buying Gold is a smart decision. Gone are the days of only having access to Gold coins (higher than “on the SPOT” pricing) or having to buy jewelry to get Gold (higher Gold prices because it has some aesthetic appeal, like a pretty chain). Today, we at XGold offer our clients access to our Gold supplies via the exchanged of our digital XGold Coin on the Blockchain application Ethereum. A (DAO) decentralized platform that runs on ERC23 Smart Contracts that perform exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. It makes the perfect trading platform for Xgold.
How it Works.
XGold Coin (XGC) is a gold backed digital crypto-currency option. What makes it different from the 1000 or so other crypto-currency choices available is that it has Real Physical Value: it is in fact valued against Real Physical Gold. The price of one XGC Coin at our initial pricing is based on a single gram of Gold. That makes the XGC Coin’s initial value the equivalent of $40.00 USD today. But, is it worth that? XGC is worth that and more! Here’s how:
XGold Company operates by “buying and selling” Gold. XGold buys low and sells higher. The spread – the profit made on the transaction – is reinvested in the purchase of more Gold, the profit made is also reinvested in advanced production equipment to increase Gold production, and further, profit made in the form of “profit sharing” is used to sell Gold at a discount to traders of XGold Coins. And, what’s more, each XGold Coin is redeemable at the XGold Bullion Centre for Real Physical Gold.
Concomitantly, XGold Coins gain momentum because they understandably have an underlying minimum redemption value. And, XGold Coin traders begin to use XGC in exchange for other goods and services. As XGC increases in popularity it begins to gain value beyond its underlying asset price. It gets used in areas like “trade remittance” where nations like “India or Mexico” for example, who value Gold very highly and trust the value of Gold to be stable begin to see it as a vehicle for utility. And, as transactions fly around, data-mining increases in activity and in cost and thus extrinsically push the utility of XGC up and increase the total value of the Coin.
Now, in this example, many associated reasons increase the value of this utility: very low transactional fees compared with other trade remittance operations, no restrictions in sending in either direction, fast and efficient process of sending with zero issues of picking up “fiat” at local money centers, almost zero paperwork involved and entirely decentralized, and no limits to the transmittal amounts.
How it Works Continued.
Carrying this example still further, a Trader of an XGC Coin may wish to exchange it for Real Physical Gold. Now, the Coin has a far higher value than at original trade: adding the discount to the increase and the spread could be substantial. At XGold Bullion Centre it could be exchanged for the same value as many Coins – many grams of Real Physical Gold. What happens to the XGC Coin after redemption? XGold Bullion Centre pass the coin back through the exchange for either Fiat or another form of crypto-currency creating a zero sum for XGold.
And, as stated, the Coin trader may use the Coin to purchase goods, or exchange for other things and thus by exchanging, the Coin miners are put to work actively pushing up the value of the Coin. The greater the activity, the greater the exposure, the greater the utility and the greater the extrinsic value. And, as the benefits of utility become popular the Coin becomes the optimal choice for exchange.
Indeed, XGold can have a greater value than the initial value. And, an even greater value if XGold is used as the currency of exchange when purchasing Gold from the production source. In this example, the producers of Gold create personal or business Crypto-Wallets that operate as payment centers to receive payment from the purchase of Gold. And, the workers also accept XGold as payment for labor. The earned XGC Coins can be spent on goods and services at the mining facilities/concessions etc, but also exchanged for other goods and services or even other crypto-currencies.
Not long ago, every US Dollar Bill was redeemable for a set quantity of gold. Thus, dividing the total US Dollar Bills (liabilities) with the total amount of the US government’s official Gold holdings (estimated at two hundred eight seven million ounces) values an ounce of Gold at fifteen thousand five hundred dollars Based on the M1 money supply (cash and checking deposits) using the same math equation values Gold at approximately ten thousand eight hundred dollars an ounce.
Is Gold a mispriced asset? Wall Street insist on its character as a commodity, but those uses are negligible. Its real power is in its wealth preservation.
We think the Real Value of Gold is in how you use it. We see XGold Coins as the perfect medium for exchange: XGold is backed by Gold, maintains Gold value as a commodity and is a mechanism for wealth preservation. So, whether the Global Market values Gold at fifteen thousand dollars or fifteen hundred dollars XGold hedges all possibilities.
XGold Coin, a hedge against all possibilities.
At XGold, we use the term Utility to stipulate benefits of using one “thing” over other “things”. A simple example might be that we use Gold over Silver because on a global scale Gold is more sought after, and, if we are interested in maintaining a “liquid /easy to transfer into cash” investment portfolio we might believe that Gold will be easier to exchange for something we are looking to buy than Silver. This is not to say that Silver is “illiquid/not easy to turn into cash”, but, Gold has a greater utility than Silver and therefore, we make the choice that Gold is a better product as we have more options when we use it.
Going a little further, we can also say that Gold is not only considered a good general investment, but it is in itself a commodity that has a limited supply: it is more rare in the market than other commodities and this produces a stable value. This stability in itself allows for an increase in the utility of Gold directly because its rareness allows for a stability in its perceived value: we think it is worth more because there is less of it around.
Now, if we create a digital version of the gold supply, for example, XGold Coins, and limit their existence in terms of the amount that are available to the public we have in effect mirrored the utility of Gold directly. And, further, if we base XGold Coin on the Blockchain platform Ethereum we have immediately created a system that allows all XGold Coin Holders and XGold Coin Traders to use XGold for any purchase in any market as long as XGold is accepted – rather like Visa or MasterCard is accepted or not accepted. Further, we can ensure XGold Coin is acceptable by the very action of using it for purchasing things directly, then we have magnified its utility and increased its intrinsic value beyond the value of its underlying value in Gold..
Real Utility Continued
Compare this argument to Bitcoin. Bitcoins utility as a store of value is entirely dependent on its use as a medium of exchange: will someone accept it or not! If no one accepts it then it is worthless. Thus, no intrinsic value, no value in itself.
XGold Coins however, have intrinsic value as they are linked to the value of Gold in the market place and can be redeemed for Real Physical Gold. And, furthermore, XGold has extrinsic value in the same way that Bitcoin has extrinsic value: XGold Coins can be used to buy goods and services in the marketplace. nnd, therefore, the more we use XGold Coin, the more it is accepted for use, the greater the intrinsic value.
XGold Coins are therefore a useful and safe option as a crypto-currency because they have both intrinsic value (linked to the value of Real Physical Gold) and extrinsic value as XGold Coins can be exchanged for goods and services including exchanging for other crypto-currencies. Further, it is the growing integration of XGold Corporation that will promote an increase in the frequency of traders to exchange ALT Coins for XGC, thus, increasing use.
XGC will become fully vertically integrated, including a Bullion Centre and a Metals Refinery in the heart of Central America fully catering to the massive Gold Market of the Americas. It is not hard to imagine, XGold Corporation plans to promote XGC Coin as the gold coin of exchange and in doing so push the utility of XGC right through the roof.
As Leaders in the Gold and Platinum exportation industry and winners of the Green Gold Award, it is imperative to find organizations that position themselves as leaders in the new World of crypto-currency. We are proud to endorse XGold as Our Partners.
Association Mineral Puerta de Sol
The Association Mineral Puerta de Sol endorses Gold as the future of Miners currency. XGold Crypto-Currency, what a powerful option.
Tipuani River Gold Miners
Our group has searched for a more secure option for Our staff and Vendors. Physical money is a dangerous option. We feel XGold is Our future to not only using but accepting for trade.
Illumani Gold Miners
Illumani Gold Miners Association proudly endorses XGold Crypto-Currency what will become the standard in currency for all miners and their vendors.