Ok, I apologize if this question has already been answered, but I cannot read another POW/POS post any longer.

Can someone tell me where exactly this gold is being stored? The actual bullion (or coins) I mean. And who is paying for the storage and insurance (from theft)? I am not being a troll. I own quite a bit of XNF (a similar "coin" on the Ripple platform) and I think the basic idea of XGR is fantastic.

However, the temptation is great. There are two opportunities for a scam here. One is the usual -- The dev takes the pre-mine (or an IPO) and is never heard from again. The second opportunity is the gold itself. Let's say that gold shoots to the moon and all of the XGR investors are thrilled. Well, now a developer has more temptation to disappear or claim that it was stolen. So, basically I am just asking what assurances do investors in XGR have that they are entitled to their share of the gold?

Thank you.

Good questions. I have to say, that at the begining, Gold will be stored at my account. I can not pay for an escrow, there is none in my vicinity and it will cost a lot of money, monthly I mean, so at the moment it is not an option. Later, I have a plan to establish a non-profit organization, which will be the legal guardian of the coin and people who own GoldReserve coins will have "shares" in that company and share value will be the minimum buyback price of 1 XGR.

I know that for anyone who do not know me (so all of you), it seems to be a great temptation and an opportunity for a scam. We discussed that before, so I won't repeat myself. I need time to make this coin what is should be (a great store of value, unique amongst altcoins).

From my view, if I give control to the Gold account to some unknown but trustworthy escrow service, then it is as risky for me that it is for you to trust in me. If things will go as I planned, we will have at least a 100 BTC worth of Gold on that account. I can not risk to loose it because I trusted some unknown person or service.

I am listening to the public's requests and I am working on it to come up with a fine solution!

Devs - how do you plan to increase buying pressure? 24 hour volume has been 0.5788 BTC - you will need a lot more than that to buy gold no?

I ask as an investor, as a miner who is interested in this coin - I would like to know how you plan to increase the amount of people buying the coin? Being added to bittrex.com would help to begin with.

about 1.25kg gold

1 XGR is about 0.00125 $ (1oz gold = 1250$)

Thank you for that maths!!!! I was too lazy to do it and wanted to be sure it was correct.

If this is true we literally have a .... gold mine on our hands.

Which brings us back to:
1. How will we create enough buy pressure to generate 100btc from the constant dumping of 3,800,000 coins over the next 2-3weeks.
and
2. JTB800's valid security/insurance concerns:

Wooaaaahhahaha, am I your arch nemesis now? No, I support your coin over most coins out there, because GRE offers real value in it's coin, not just a popular meme, no offense DOGE.

If you're curious about the secret concept, you'll have to stay connected, if all goes well, it will be revolutionary. 

Anyhow, I hope your coin does well, I'm rooting for you!

GOOD LUCK!!!!!

Yes, the price we are talking about will be the minimum buyback price of the coin. At the begining that will be a low amount comparing to the market value of the coin! But later, when everything will fit into place, there could be a much higher ratio.

Doing the math: 100 BTC for premine, means 80 BTC for gold reserve: 80/40000000=0,000002 BTC/XGR (200 sat), momentary price of XGR is 1500 sat, it is a 1:7,5 ratio. Later, it could be 1:4, 1:3, 1:2 ratio, which will give the investors a bigger confort holding XGR for longer terms.

Ok, about buying pressure. I am planning a twitter campaign, first with the help of a community but in next week I will pay an expert to do that for us! I will promote GoldReserve at other important sites, social media as well. I am getting offers from media expert, they wanna promote GoldReserve.

These are my short term plans. And we will have a merchant who accept XGR soon!!!