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CACHE.Gold Profile picture
CACHE.Gold
@cache_gold
CACHE #Gold tokens are fully compliant, public, transparent, redeemable gold-backed tokens. $CGT CACHE Money podcast: https://t.co/ld7RDrUa5L
May 13, 2022 • 7 tweets • 7 min read
🧵Transparency and Proof of Reserve of #Gold Backed Tokens

CACHE Gold $CGT (current) - explorer.cache.gold + @chainlink Proof of Reserve data.chain.link/ethereum/mainn…

PAX Gold $PAXG (43 days outdated) - 5 page "Attestation report" to cover $600+ million - paxos.com/attestations/ Tether Gold $XAUT (133 days outdated) - 4 page "Attestation report" covering more than $80 billion in assets, just a few paragraphs are dedicated to $XAUT the 246,524.33 ($450+ million USD) ounces of #gold #Tether claims to hold

tether.to/en/transparenc…
Dec 24, 2021 • 7 tweets • 6 min read
@JimForsythe5 @KinesisMonetary @4SoundMoney If you have full public data on all the bars, you will be able to see if one bar has been mysteriously moved from one vault to another.

Our approach is to make all the data public, deposits, withdrawals, resumptions etc. Image @JimForsythe5 @KinesisMonetary @4SoundMoney If this bar appeared in another vault in a later audit but was not withdrawn from the previous vault first and assigned a new RFID tag in the new vault, this fraud would be publicly exposed.

explorer.gramchain.net/r/E28011052000…
Dec 2, 2021 • 4 tweets • 4 min read
❓Question: What happens if we query #Tether's website (gold.tether.to) to ask how many of the 351 addresses that currently hold $XAUT are backed?

Answer: Only 12 of 351

Got #gold? Got proof?

#AuditTether

Detailed Data 2-12-2021 👉 drive.google.com/drive/folders/… @CryptoCriticPod @BennettTomlin @CasPiancey @Frances_Coppola

Any thoughts?
Dec 2, 2021 • 9 tweets • 6 min read
🧵 #TetherGold $XAUT #audit update 2-12-2021:

1) Since November 22, 2021 #Tether Gold has added an additional 20,125.341 supposedly equivalent to 20,125.341 troy ounces of #gold worth currently worth ~$35,621,850. 2) 125,674.437 $XAUT purportedly backed by 125,674.437 troy ounces of #gold currently worth ~$222,456,320 are held by only 351 addresses.
Nov 22, 2021 • 8 tweets • 6 min read
Another 🧵on #Tether Gold

Let's try to #audit #TetherGold $XAUT with the little information they do provide and let's "trust them" 😉

The top 10 addresses have %98.9 (104,386) of the total supply (105,549) so it's quick and easy to cover the vast majority of the supply.... Tether Gold Spoiler alert: According #TetherGold's own "Gold Allocation Lookup" tool, the top 10 addresses holding almost 99% of the total supply of $XAUT are not fully backed... 😲

Are you surprised?
Nov 22, 2021 • 6 tweets • 4 min read
A 🧵 on #TetherGold $XAUT

#Tether Gold has now issued nearly $200 million (105,549.096) tokens they claim are fully backed by #gold. These $200 million worth of tokens are held by only 345 addresses.

Only 60 addresses hold more than 1 ounce of gold (~$1850). The top five #TetherGold $XAUT addresses hold 94.88% of the total supply.

The top ten addresses hold 98.90% of the total supply.

The top twenty addresses hold 99.97% of the total supply. #Tether
Nov 19, 2021 • 5 tweets • 6 min read
It took us exactly 10 days from the initial request to complete a full #audit of $CGT's physical #gold backing in #Singapore.

What is #KinesisMoney's excuse?

You can audit us too: explorer.cache.gold Image It took us exactly 11 days from the initial request to complete a full #audit of $CGT's physical #gold backing in #Dallas.

What is #KinesisMoney's excuse? It's been 371 days!

You can audit us too: explorer.cache.gold Image