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Title: del Post by: myself on March 20, 2012, 01:25:12 PM del
Title: Re: egold/gold BITCOIN exchange anyone? Post by: Nefario on March 20, 2012, 01:37:06 PM There is already coinabul, and sometime in the near future GLBSE will have gold backed assets trading on it.
Nefario. Title: Re: egold/gold BITCOIN exchange anyone? Post by: Aggro on March 20, 2012, 02:49:15 PM There is already coinabul, and sometime in the near future GLBSE will have gold backed assets trading on it. nope i mean something like Mtgox Nefario. We were thinking of establishing a gold reserve where customers could buy certificates in a "pool". We already handle a private gold reserve, so the idea was to open it for the public and sell/buy shares of it for a fee, with an option of fabrication/delivery if the client wants. There are some licensing concerns on our jurisdiction that our legal team is working on. We'll see. Title: Re: egold/gold BITCOIN exchange anyone? Post by: BadBear on March 20, 2012, 02:52:04 PM There is already coinabul, and sometime in the near future GLBSE will have gold backed assets trading on it. nope i mean something like Mtgox Nefario. We were thinking of establishing a gold reserve where customers could buy certificates in a "pool". We already handle a private gold reserve, so the idea was to open it for the public and sell/buy shares of it for a fee, with an option of fabrication/delivery if the client wants. There are some licensing concerns on our jurisdiction that our legal team is working on. We'll see. I would just love this so much. Don't forget the silver ;) Title: Re: egold/gold BITCOIN exchange anyone? Post by: Qoheleth on March 20, 2012, 05:42:34 PM I've seriously considered it. If Bitcoins really are a "store of value" legally, and you're exchanging it with something like Pecunix GAU, there's suddenly no "money" involved - the way I figure it, you fall into the category of "dealer of precious metals" which, while still FinCEN regulated, doesn't have KYC requirements yet and has a good chance of dodging that bullet completely.
(Of course, I'm not a lawyer, and would probably have to retain one before trying to test that theory.) Title: Re: egold/gold BITCOIN exchange anyone? Post by: Stephen Gornick on March 20, 2012, 09:42:22 PM When P2P transfers using GoldMoney was possible there were trades between bitcoin and GoldMoney grams occurring pretty regularly. Then GoldMoney yanked P2P, blaming regulations.
In the U.S. there are all kinds of regulations when doing what you describe. Perhaps some type of pool outside the U.S., like what AurumXChange describes might be possible. Another angle might be if there was a way to add and withdraw funds from a Bitcoin exchange to and from the account for a gold-denominated account at Peter Schiff's Euro Pacific Bank: - http://www.europacbank.com/index.php?page=goldcard - http://www.safehaven.com/article/24584/how-to-put-yourself-on-the-gold-standard That is not available to U.S. residents though. Title: Re: egold/gold BITCOIN exchange anyone? Post by: Coinabul on March 20, 2012, 09:51:00 PM There is already coinabul, and sometime in the near future GLBSE will have gold backed assets trading on it. nope i mean something like Mtgox Nefario. |