Bitcoin Forum

Other => Off-topic => Topic started by: BitcoinYu on May 21, 2020, 09:08:51 AM



Title: How to buy Gold - One of the oldest payment methods!
Post by: BitcoinYu on May 21, 2020, 09:08:51 AM
Hi folks,

While sitting in quarantine at home I started to think about gold. Yes I know a weird thing to think about but I was just interested in buying gold, as it is one of the oldest payment methods.  ;)

And a new idea for an article came to me.

So I have compiled my favorite options for buying gold in an article, which I managed to publish on Paybis.

In case you are interested, you can check it out here: https://paybis.com/blog/how-to-buy-gold/

I’d like to turn this post the best one on the topic, so I’d appreciate some
recommendations as to what other buying methods I should add.

Thanks and see you around after this quarantine ends! :)


Title: Re: How to buy Gold - One of the oldest payment methods!
Post by: NeuroticFish on May 21, 2020, 10:35:51 AM
While sitting in quarantine at home I started to think about gold. Yes I know a weird thing to think about but I was just interested in buying gold, as it is one of the oldest payment methods.  ;)

Gold is not weird at all. I was thinking of buying gold in November-December 2017 and I am sad I didn't do that, just I didn't find a good way to do it (shipping, customs, ... possible headaches).
But now it's much easier for crypto lovers because since then there started to grow quite some interesting gold backed stable coins, which can be much easier for us to handle.
But I won't say more, since this is not the best place to discuss altcoins.


Title: Re: How to buy Gold - One of the oldest payment methods!
Post by: OgNasty on May 21, 2020, 12:52:52 PM
gold backed stable coins

What a terrible way to try and gain gold exposure... That’s basically throwing your money away.

www.jmbullion.com - A real way to buy gold.


Title: Re: How to buy Gold - One of the oldest payment methods!
Post by: NeuroticFish on May 21, 2020, 03:59:55 PM
What a terrible way to try and gain gold exposure... That’s basically throwing your money away.

I'm not sure I understand what you mean.

Let's say I'd choose the seller you propose: I don't live in US of A so I may pay more for shipping, then local VAT and other fees for out-of-EU item than for the actual gold. Then selling it back for Bitcoin is basically out of question, so it would be many more steps (and fees) and getting back to Bitcoin.

So.. what makes that website good for me?
And why holding stable coins is "throwing your money away"?