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There is no proof at all the the TXAU gold tokens are actually backed by real gold, as Aurus claims on its website. There are no certificates or independent audits and one has to think that it is a fraud.
A few years back I got very excited, as a libertarian-leaning dude, about gold-backed cryptocurrency and I purchased several digital tokens of Aurus Gold (now TXAU/TGold), which appeared to be one of the few companies in the space that wasn't a blatant scam.
I do NOT think I would purchase digital gold or other tokens from again Aurus as it was a MAJOR pain to liquidate my tokens.
I'm not a dogmatic hodler, I buy crypto because I'd like to one day liquidate and spend it. And Aurus is not really for that.
When I finally did get my tokens onto the exchange, I discovered that there was not enough demand for Aurus Gold for me to get a fair price. The gold price was $60 USD/ounce but I could only get $40 USD (less after the exchange and transfer fees) for my tokens. There's just a single trading pair TXAU-USD on the Exchange on Polygon there's just a single swap pairing with USDC but there's no demand there either.
I always complain privately before complaining publicly and I get try to reach out to Aurus via email and Telegram asking for an explanation as to why their token isn't actually worth a gram of gold. Instead of responding, they ignored me and banned me from their Telegram channel. That's a pretty atrocious way to treat a customer!
I'm pretty sure that, even accounting for the inflation of the last few years, I lost money on my Aurus Gold "investment". In the future, I'm just going to buy the real stuff that I can hold in my hand, digital gold is a pipe dream!
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