Realtime


Trading has been permanently frozen for the site wind down.


Trading has been frozen on this asset by the asset issuer.

BTC-GOLD  operated by BTCGOLD since Dec, 12 2012  

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
1000 30@0.002841 -- -- -- -- -- -- -- 0.0028 0.0028 0.002841 18 0 2    (2/0)



Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
1000 30@0.002841 -- -- -- -- -- -- -- 0.0028 0.0028 0.002841 18 0 2    (2/0)

CALL Options Available For Purchase
(an option to purchase shares)
Option ID Expiration Qty Strike Premium/ea Cost/ea
None available...

PUT Options Available For Purchase
(an option to sell shares)
Option ID Expiration Qty Strike Premium/ea Proceeds/ea
None available...


Trade History
Date Type Quantity Price Total
2013-10-07 20:44:26 Market Sell 30 ฿ 0.002841 ฿ 0.08523
2013-10-07 06:28:56 Market Sell 1 ฿ 0.002816 ฿ 0.002816
2013-10-06 21:34:27 Market Sell 5 ฿ 0.0028 ฿ 0.014
2013-10-06 21:20:53 Market Sell 30 ฿ 0.0028 ฿ 0.084
2013-10-04 11:40:29 Market Sell 250 ฿ 0.0028 ฿ 0.7
2013-10-03 01:53:15 Market Sell 153 ฿ 0.0027 ฿ 0.4131
2013-10-01 09:27:44 Market Sell 13 ฿ 0.00211 ฿ 0.02743
2013-09-29 17:34:39 Market Sell 4 ฿ 0.00175 ฿ 0.007
2013-09-29 17:33:56 Market Sell 1 ฿ 0.00175 ฿ 0.00175
2013-09-28 08:17:19 Market Sell 2 ฿ 0.0014 ฿ 0.0028
2013-09-28 08:17:01 Market Sell 1 ฿ 0.001401 ฿ 0.001401
2013-09-28 03:39:27 Market Sell 40 ฿ 0.001204 ฿ 0.04816
2013-09-28 03:39:26 Market Sell 1 ฿ 0.0019 ฿ 0.0019
2013-09-28 03:39:26 Market Sell 10 ฿ 0.0018 ฿ 0.018
2013-09-28 03:38:53 Market Sell 10 ฿ 0.002 ฿ 0.02
2013-09-28 03:38:05 Market Sell 10 ฿ 0.0022 ฿ 0.022
2013-09-28 03:37:39 Market Sell 4 ฿ 0.002201 ฿ 0.008804
2013-09-27 18:13:17 Market Sell 1 ฿ 0.002201 ฿ 0.002201
2013-09-27 17:22:22 Market Sell 50 ฿ 0.002201 ฿ 0.11005
2013-09-25 08:20:32 Market Sell 5 ฿ 0.001205 ฿ 0.006025


Dividend History
Date Total BTC Shares BTC/Share Status
2013-10-10 19:36 ฿ 3.36645000 1000 0.00336645 COMPLETE



Liquidation of BTC-GOLD Posted: 7 years ago

Liquidation will be as follows:

(Gold troy ounce USD Spot price / 31.1034768 ) / (USD price of BTC) / 100 = price per share



Explanation of formula:

Spot price / 31.1034768: There are 31.1034768 grams in 1 troy ounce. This give us the Spot price per gram.
USD price of BTC: Will be taken from BTC-E
100: Is the number of shares that equal 1 gram

 


The actual numbers are:

($1301 / 31.1034768) / $124.25 / 100 = 0.00336645 per share

Thank you. BTC-GOLD is closed.

 


TRADING HALTED ON BTC-GOLD Posted: 7 years ago
TRADING HAS BEEN HALTED ON BTC-GOLD BY THE ISSUER.

Closing the fund - final steps. Posted: 7 years ago

BTC-GOLD shutdown official plan for shutdown.

Trading will remain open until btct.co stops market trading.

If you have 500 shares, you may request delivery of your gold by sending a PM or an email. The 15 share handling fee will be waived, but you will still be responsible for all shipping fees (including insurance), and any taxes/customs/import fees imposed by your country. Waiving the handling fee is a special offer not in the asset contract. You do not have to request delivery.

All remaining shares will be paid out at the spot gold price some time on 10 October USA time. The formula to calculate the price per share is:

(Gold troy ounce USD Spot price / 31.1034768 ) / (USD price of BTC) / 100 = price per share


Explanation of formula:

Spot price / 31.1034768: There are 31.1034768 grams in 1 troy ounce. This give us the Spot price per gram.
USD price of BTC: Will be taken from BTC-E
100: Is the number of shares that equal 1 gram


BTC-GOLD closing. Posted: 7 years ago

BTC-GOLD shutting down.

Due to the exchange closing, BTC-GOLD will also close down operations.
If you have 500 or more shares, you may request delivery of your gold by sending a PM or an email (email found on asset details page). The 15 share handling fee will be waived, but you will still be responsible for all shipping fees (including insurance), and any taxes/customs/import fees imposed by your country. Waiving the handling fee is a special offer not in the asset contract.
If you have 499 shares or less, or don't want to take delivery of gold, then your shares will be liquidated at spot prices. This follows the asset contract.


Please make sure to set a Public Withdraw address in your exchange account. This is vitally important. DexX7 (who manages Ciphermine-PT) has a great "how-to" post here:
https://bitcointalk.org/index.php?topic=283947.msg3233637#msg3233637


FAQs


Will I still be able to trade?
Yes, you will still be able to trade. If you want to sell your shares now, your are free to do so. You have until Oct 7 (when the exchange will stop market trading).


If I just wait to for my shares to be paid, how much will I get?
I don't know. The gold spot prices go up or down just like any other asset. It depends on when they are sold.


When will the "left over" shares be sold? When will I get paid?
I plan to have everything sold by the end of October. Until then, the asset will remain trading for as long as possible until the exchange halts trading.

 



Thank you for putting your trust in me. I had fun managing this asset.


-Carnth

 

 

 

 


TRADING HALTED ON BTC-GOLD Posted: 8 years ago
TRADING HAS BEEN HALTED ON BTC-GOLD BY THE ISSUER.

No motions yet
Contract & Prospectus
Locked! This asset has been locked by the Asset Issuer.
Ticker FUND: BTC-GOLD
Moderator Score 2  (2/0)
Moderator Votes YES 2 / 0 NO    (0 ABSTAINING -- Users with 10 or more shares of LTC-GLOBAL are allowed to vote.)
Shares Outstanding 1000 / 1000000 Issued
Issuer BTCGOLD <carnth@gmail.com>
Website https://docs.google.com/spreadsheet/ccc?key=0AqLxDN0JzEUNdE9vNG1zZWlrUTIwbFhrZzVtSUowc3c
Forum https://bitcointalk.org/index.php?topic=110418.0
Issuer Detail BTC-GOLD

Louisiana, USA

Carnth

Each share = 0.01 grams of gold bullion.
Contract My Goal is to increase strength of Bitcoins and Litecoins, by allowing the free
and simple trade between the currency and Physical Gold Bullion without all of
the hassle and added expenses of procurement and sale of bullion.
Each share is equal to 0.01 grams of gold bullion.

OVERVIEW:

By investing in BTC-GOLD you are investing into Physical Gold Bullion. Various
forms of Gold Bullion will be obtained by the operator (myself) ranging in
brand, size, and form, but all gold is guaranteed to be at least .999 pure. The
amount of shares in circulation at any time will only reflect the amount of gold
I have held physically in grams at any given moment. One share is and will
always be equal to 0.01 grams of physical gold bullion.

TRANSFER, WITHDRAW OPTION AND SHIPPING:

Share transfer between BTC-GOLD and LTC-GOLD (on the Litecoin Global exchange)
can be requested.
Requests must be made in multiples of 100 shares.
Requests can only be completed if there are enough unsold shares available on
the requested fund.
There is a fee of 5 shares per transfer.
Please contact the asset issuer to make your request.

You may request to have your shares withdrawn as physical gold bullion and
shipped to you.
You must issue requests in 500 share (5 gram) increments. To do this, please
send the operator a message and I will give further instruction. I will also
require that you pay a 15 share handling fee and the entire shipping expense,
which will be calculated upon your request for withdrawal. Payment for shipping
will be accepted in additional Shares, Bitcoins, Litecoins, BTC-E Code, and
MtGox Code.
You will be responsible for the cost of all shipping features you desire, be it
insurance, or the use of another shipping company. (ie UPS or Fedex) After the
entire shipping expense has been paid, I will guarantee that all gold bullion
withdraws requested will ship out on my end, and I will provide appropriate
tracking via the carrier at no additional cost, when available. However,
although rare, the carrier can lose your packages. I am not liable these
mistakes, and it is your responsibility and highly recomended to request
appropriate insurance if you feel it necessary. It is also your responsibility
to check all of your country's laws about bullion importation. I will be
shipping from the USA, so please look into local laws, and be prepared to pay
any applicable taxes, customs or fees imposed by your country.

Exit Strategy:

If for any reason I am unable to continue my obligations here, I reserve the
right to shut down operation. In that case, the first option available will be
to receive your Physical Gold Bullion via the mail. The above shipping terms
still apply, but the handling fee will be waived in this case. For those that do
not want to receive their Physical Gold Bullion, I will liquidate the remaining
bullion and pay out your share value at current Gold spot market value.

Bullion:

Your investment is 100% backed by Gold Bullion. No shares will be issued unless
an equal number of grams is held in storage. In theory, your stock value should
never be worth less than its weight in gold. Of course, gold has its own price
fluctuation up and down, but it is your duty to make your own informed decision
as to whether or not this is an investment that suits your needs. I recommend
you do some research into gold economics, look at the price trends, and decide
for yourself whether Gold Bullion is the best choice for you right now.


Condensed Version


This is a Gold Bullion mutual fund, operated and managed by myself. Each share
being worth 0.01 grams of Gold Bullion. I will buy .999 pure Gold bullion, and
will first take pictures to prove the total asset amount, and will then release
an equal amount of shares to how many total grams of gold bullion are in the
fund. The gold bullion will then be placed in a secure location, and locked away
until needed. Another feature that this investment has, is the option to
physically withdraw from the Gold Bullion asset. In this case, I will send you
your physical gold bullion in the mail, of course I will require that you pay
shipping and customs/duties, and there is a small fee, but that is listed in the
shipping terms above.
The best part being, since there will never be more or less shares owned and on
the market than I currently have in the vault, everyone could withdraw at once
if they really wanted, and no one would have to wait, and there would be no
"bank run." Although, I will mention, your best deal is to just own the BTC-GOLD
shares, and not have them physically shipped. The whole idea of this asset is to
give a liquid Gold to currency asset, where you don't have to deal with your own
country's taxes (VAT to be specific) and you don't have to deal with the
shipping cost.
Executive Summary

BTC-GOLD provides an easy way to exchange BTC for gold bullion with 100 shares
equal to 1 gram.

Because each share represents 0.01 grams of gold, the price of each share makes it
easy for any investor to start or add to their precious metal portfolio.

BTC-GOLD also allows you the option to withdraw your shares and receive physical
gold bullion. With an additional handling fee and shipping/customs fee, you can
have increments of 500 shares withdrawn (5 grams) mailed to you.

Business Description

BTC-GOLD's mission is to increase strength of Bitcoins, by allowing the free and
simple trade between the currency and physical gold bullion.
With each share equal to 0.01 grams of gold bullion it is easy for any investor--
seasoned or new--to purchase shares and increase their precious metal portfolio.

Definition of the Market

BTC-GOLD is perfect for people who wish to buy/accumulate and trade gold bullion.

Products and Services

With each share being relatively inexpensive, BTC-GOLD makes it easy for investor
with low cash flow to purchase shares.

By investing in small amounts over time, anyone can invest add to their gold
bullion portfolio.

Organization and Management

My job as the manager of BTC-GOLD is to make sure that market demand can be
adequately met without putting the fund into financial jeopardy and the market
into disarray. When a bar is added to the inventory, it is first purchased using
borrowed USD. Then delivered to the inventory, then the shares sold on the market.

No shares will ever be sold unless I have the actual gold bullion in my reserves
to back them up.
When shares are redeemed for a bullion withdraw, those shares are removed from the
market.

Marketing Strategy
Financial Management

Gold bullion is first purchased using borrowed funds. Once the Bullion is
delivered, shares equal to the the number of grams are released to the market.
(For example: a 5 gram bar would allow for 500 shares)

Additional bars will be added to the inventory when market demand calls for it.

Each share is priced as based on the market condition of all the following:
- The price of BTC
- The spot price of gold
- The fees to create physical gold bullion.
- Acquisition fees (shipping/handling fees to deliver bullion into the inventory)
- Exchange fees (fees to convert BTC to USD, fees to withdraw USD)
When buying or selling shares, remember to take all of these factors into account.
Physical gold bullion is more expensive than the "spot price" which is just a
number in a computer.


ʡ = Recent Notification or Pending Motion, ʬ = Recent Contract or Prospectus Change