Bitcoin Forum

Just looking to find out if many people here buy and collect physical gold? and if so, which would you prefer to hold, gold or bitcoin?

http://www.eurgold.eu/images/oie_transparent.png (http://www.eurgold.eu)

I'm definitely going to buy physical gold once I reach 1 BTC. But, I also want to keep at least 3 BTC for future use  ;D

Meh , I don't think Gold is for more to be honest .
I prefer holding Bitcoin , not even sure about the value of Gold and how often does it change

yep, love the stuff -

This is my stash to date, 37.9 troy oz fine gold + about 65oz silver and a little platinum and palladium -

https://i.imgur.com/buggJgd.jpg

https://i.imgur.com/CWIdsyp.jpg

https://i.imgur.com/rEzoWLd.jpg

Mighty fine collection you have there! how long have you been collecting gold?

Gold = safety investmen but no fast get money

About 1 1/2 years now.

Was buying what I liked the look of, e.g old panda's etc, a couple of 100g bars but now have shifted strategy and strictly buying CGT free coins like sovs and Britannias for quick liquidation when the time comes.

I didn't know you must pay CGT on gold?

Nice to see those lovely gold, markj113
I'm also buy some gold (my future investment) but my parent decide to keep me away from it ( mostly keep on the safety box at the bank)
My parent said that gold is very great investment. But soon bitcoin also can be like gold ( stable price and being interest by many people )

Well thats a little concerning considering you run a bullion shop and are unaware of how CGT rules apply to UK legal tender coins.

Uk legal tender coins such as Britannias, sovereigns and the UK lunar series are VAT and CGT free.  With other bullion products if you exceed your annual gains limit then CGT must be paid on the profit when sold.

If you are selling bullion I also suggest you read up on the £5k / £10k limits too or otherwise your ass will end up in jail for assisting money laundering.

Yeah I personally do not deal with the legal side of the business.

I buy gold for long term investment purpose because it safe and sure it will appreciate if your long term player. Bitcoin is just for short term gains with small potion of investment.

I have zero interest in gold for anything other than aesthetic reasons. I might buy a coin if it was pretty and had the spare money but it doesn't excite me for investment purposes.

BTC is good, and gold is just as good in many ways. Silver is on the up and up also! Get old coins with even some silver in them have value. For example, I believe US coins pre 1970's or something.

better buy some farmland then gold. Gold doesn't produce anything when you buy it; It just sits there.
Farmland if you work on it it produces something. You can sell i tand repeat.

Man, markj113. That is one fine collection. I'm jealous!

no, not interested in anything that is collectible, the less stuff you have the better(if one day you need to move from your house it would be troublesome to bring with you something heavy in weight), today you only need you computer to be good

and this is the reason why i love bitcoin, because it is digital only

Yes I do own some gold, but now it's not the time to buy it. Gold's value is declining and it will continue declining in the near future.

On ghe other side I am trying to get as many bitcoins as I can since I think bitcoin value will go just up in the near future.

I prefer to hold gold (for now) because as the bitcoin prices are leveling down so gold is better. If again bitcoin prices raised then the leader is bitcoin compare to gold.

Back then, I want to buy gold but when I knew about bitcoin last year, I think prefer bitcoin than gold

i was collecting several gold coins a few years ago, but stopped doing so after losing interest. but it was only for collecting, not investing.

I like collecting gold and have also collected much to fulfill my desire and now I'm holding it for the right time to sell.

Also that I believe in Bitcoin and also hold it till the end of the mining process.

You plan to live beyond 2140? I like your grand vision. When the final fraction of a coin plops out you can be there to regale the world's media about watching it all pan out from the earliest days.

holy Shit, I didn't know that last block will be mined in 2140. If so then it's OK for me my future generations can make money off it and live an independent life.
Or maybe technology will become so advanced till then that I'll live more than 200 years. Lol ;D

No I don't because I have invest for bitcoin. Although someone talk everything is good about gold as great investation, I keep choose bitcoin for now.


You may hold bitcoin and gold altogether if you have some fund

Anyone tried BitGold? I think it is a good investment. It's like if you had physical gold. Might be investing in this as soon as I get more money... ::)

Why not just buy gold if that's your thing? There are plenty of places that sell the physical variety for BTC and you don't have to worry about anything going wrong.

I like BTC due to easy of liquidity.

Just out of curiosity to the gold holders out there, how hard is it to convert coins/bars back into fiat if needed?

the only gold that I have is a wedding ring, a necklace and bracelet.
I was thinking of buying gold as an investment since I am near a place where they turn gold to jewelry and vise versa.

I have a few gold coins.

It is not so hard to convert it to cash but it is difficult to keep safely because we can loose it, if we are not careful. I have few gold bars as a investments.

"I like BTC due to easy of liquidity.

Just out of curiosity to the gold holders out there, how hard is it to convert coins/bars back into fiat if needed?


It is not so hard to convert it to cash but it is difficult to keep safely because we can loose it, if we are not careful. I have few gold bars as a investments."

MinerHQ, so do you convert at a jewelry store or some kind of exchange?  I find the idea of physical gold really interesting.

Firstly you should the secrete of trading when all people selling one should start slowly accumulate to make more profit because we can't predict when it will start moving up and once it happens then we can't catch it. 

Yes your correct. If one want to invest in gold then just buy a gold directly and sell when you want it. I think gold selling may be so difficult in almost all countries

No, lol.
It is not difficult to sell gold.
And it's far more easy then buying and selling bitcoins.
Just take proper proofs with you that you are the owner of that gold and that it is not stolen, and you will be presented with cash.

well ...
Yeah off-course i like to buy and hold gold physically ,and i do it ...
i buy gold in form of jewelry so that it works in both why i can wear it and it save my money ....

Nope. I rather buy myself some extra bitcoins than having to buy physical gold. Purely because I think Bitcoin will give me a better return after a few years.

Yeah, I've been buying little bits of gold for about 2 years now with Bitcoin.
I'm actually thinking of making a rather large purchase now that the price has dropped.

That is a very nice collection. Two things I love about it: the treasure trunk that you keep it all in and the Panda on top  :D

is not the first time i really think about to buy physical gold, but after i discover the bitcoin world, i dont want it anymore.

Bitcoins is all we need, ovbiously from my point of view gold is a real and good alternative, but now my priority is BTC ;)

Great collection!  I haven't bought any gold but I have a decent amount of poor man's gold (silver). I used to buy the one five and ten ounce bullion, but now I buy rounds. Almost exclusively buy Eagles- premium is a bit higher but you can sell them to anyone at any point.

Yes, I always buy a physical gold and sell when I get some decent profit margins and do the same process always. In this process some times, we may need to wait for long time make profit.

Where can you sell gold?

At any local coin store or online!

I do not have the gold in physical form, but I suggest if you want a safe invesati you can choose gold bullion as an option number 1

This is how I feel. I always wanted to own gold but bitcoin is far better in my opinion. I was always worried about buying fake gold as well but you cant get fake bitcoins.

holy poop thats alot of gold  :o

Yes i buy physical gold along with buying bitcoins.
Because someone have adviced me to diversify my investment, because if one thing burns me then other can give me profit.

Would like to own a physical gold bar someday. Until then, I'm growing my Bitcoins to exchange them for gold later in the future. I think its a good investment  ::)

I've been buying physical silver, its fun to collect different things. Initially I started just grabbing any kind of silver I could, but now I'm strictly government mint issued. I like the Royal Canadian Mint (I'm Canadian, nonetheless their metals are .9999 pure versus others at only .999), their wildlife series (1 Oz rounds) have good numismatic value on top of the raw metal.

Unfortunately I started buying at about $40/oz, then more recently I thought $19/oz was a bargain... Trading at $14.65 right now.. hmm... better buy some more :)

The silver is getting pretty heavy though.. I prefered it to gold because in case of armagedon (LOL) 1 oz pieces is easier to barter with. But I should start getting some physical gold to add to the collection.

I guess the moral of the story is diversity.. right? Who knows whats safe, whats going to make money, whats going to crash.. Grab some of everything..

I was fan of gold for long time but due to some serious problem few years back I drop this all and now never I bought this again

That's a nice shill in the OP. :P

I plan to load up on physical gold and silver eventually. Right now, I'm just scalping the short term with paper gold. I think there will be better buying opportunities for physical gold within the next year or two.

I buy gold as the safest investment

I've only just started buying gold and silver. I didn't know about the CGT on bullion but coins being exempt so i will start getting coins from now.

Yes gold is always a very safe investment for long term perspective. You can buy gold without any hesitation because this yellow metal is limited item in the world so over the time it will surly bring you good profits on your investments. Do not worry about all those short term price volatiles it is common in all investments. Every year I buy certain amount of gold since last 10 years.

I buy both silver and gold, both physical and via bitgold since the Oz price is low. Not looking to sell it anytime soon, just saving up for the future.

Well... Unless you believe companies like Planetary Resources will at some point be able to economically mine asteroids :)

Apparantly Eros, one of many near Earth asteroids has more gold than all the gold mined on Earth during human history.

Baring some technological breakthrough though, I imagine the price to mine it will keep gold value high... 

I want to buy a physical gold as an investment but i don't know how to buy some in our country (PH) and i'm a bit afraid to have some bcoz it's kinda risky here in our place, too many criminals  :-\

The only time I buy gold is when I buy a ring, necklace and bracelet
It sure is cool to look at if have a nugget or a bullion stashed in my safe

I still held on to my paper gold investment. Over here where i stay we have something call gold investment account where the holdings is denominated in weight of gold. For me that is much safer than holding on to the real physical gold.

I buy all gold from bitgold clients

So for I made quite good profit in gold because I usually buy gold in small coins and sell when I made some decent profit. But I buy gold on regular basis

What are "bitgold" clients?  I have never heard the term before.  I looked it up but I don't understand.  How do you make money.  Thanks.

for real investment,you need to buy gold. and  also do that when i have a cold money.

I think it's called BitGold (http://bitgold.com) which is a service where you could buy/store gold with your Bitcoins.  ;)

I dont like to buy physical gold, and prefer to invest my money on stock market or forex market. The price of gold is up and down everyday, it is not good to buy physical gold nowadays

Gold today is priced at $1,105/oz down from $1,124/oz 10 days ago. Looking at some charts related to the price of gold, looks like a good investment in the future if I have enough money

i think gold outlook will be short..
next very very important level will be 1000$ and then 700$....
you could start to accumulate in this range.

take a look to the long time chart:

https://i.imgur.com/YFFdpeB.png

Yes gold investment for long term perspective is very good. So we can start now to accumulate in small quantity because now prices looks quite attractive.

Gold is too expensive right now (I think), but still I would like to own a physical gold bar someday. I would probably exchange my Bitcoins to real physical gold and store them in a vault.  :)

This is just my opinion;
I have been buying and selling gold for over 15 years now and I personally like holding BitCoin more.  When trading bitcoin, there is more you can do with it, the fees for transfer are lower and you do not have to worry about security or shipping fees.  Also when you sell gold, you normally are charges a fee for the company taking the physical gold compared to bitcoin where the fees are very minimal.  In my opinion I thing that Bitcoin is just as secure as gold, as long as the internet is up and running.

Gold prices has came down quite a lot already from its peak prices. I think one can start accumulating bit by bit for good returns in future.

Is it safe? I don't believe buying gold online. So dangerous!!!  ???

Not a good idea if you buy Gold online because you need to check the authenticity of the and how much is it really worth.

i wanted to buy some gold also, but it is very expensive, so i invested in some silver instead.

I do not.   However sometimes I wish that I did.

I think that if i buy i don't feel safe, i just think that when i get out of the shop all people will look at me and saying "He bought some gold" that's why i prefer more bitcoin :P

On my website i promote a gold savings account and if you want the gold to be sent to you you have that option along with selling it and recieving the bankwire or using their mastercard loaded with fiat

I guess I want to hold both, but I haven't bought gold yet.
Now, I'm trying to see what's the best option to buy some gold with bitcoin!

you can also go to your local pawn or jewelry shop and ask them to make you a good price on your desired gold amount. the only downside is that you'll most likely pay at least 5% above the market price.

There is many places that buy gold and silver for cash well here in the UK almost any pawnbroker will accept it. I sold some Perth Minted Silver bars few years back. They had never seen a "bar" of silver in the shop before and were very keen to buy got a good price for it.