Which weighs more ,a pound of feather or a pound of gold..... a troy pound of gold...  ? If placed in vacuum and dropped from 10 m height, which of the mentioned lots will hit the ground first?  Let a BBC video explain it for you, testing in the biggest vacuum chamber of the world (used to test spaceships) https://www.youtube.com/watch?v=E43-CfukEgsWaus, that is a serious vacuum chamber. I really enjoyed that video thanks for sharing. Did you notice the host used the term "cubic feet"... I always amaze me (from a scientific point of view) that some parts of the world don't use SI units. That's a really interesting video. I like Professor Brian Cox he does some excellent documentaries about space and science for the BBC. Absolutely, I was supposed to work and ended up watching 45 min of documentaries with Brian Cox (damn you cyclops!) |
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Which weighs more ,a pound of feather or a pound of gold..... a troy pound of gold... ? If placed in vacuum and dropped from 10 m height, which of the mentioned lots will hit the ground first? Let a BBC video explain it for you, testing in the biggest vacuum chamber of the world (used to test spaceships) https://www.youtube.com/watch?v=E43-CfukEgsWaus, that is a serious vacuum chamber. I really enjoyed that video thanks for sharing. Did you notice the host used the term "cubic feet"... I always amaze me (from a scientific point of view) that some parts of the world don't use SI units. |
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Must resist buying silver...
Buy the 500 and keep it simple for me  haha Don't temp me BayAreaCoins! You cannot offer me this silver. |
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Must resist buying silver...
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Which weighs more ,a pound of feather or a pound of gold..... a troy pound of gold... ? If placed in vacuum and dropped from 10 m height, which of the mentioned lots will hit the ground first? |
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I don't find it so crazy to believe he is selling this gold cube for under spot. He said his price was ~$7 less than the price BitGold has listed, which is not substantial, and is probably his way of giving a buyer some incentive to buy it from him rather than BitGold themselves. Also, the BitGold Instagram link he posted stated that they were giving away 1 cube free for each week in February. He probably got the cube from this free giveaway, therefore any sale is essentially profit for him. Also, if you are a long-term believer of Bitcoin, then you would consider BTC to be under-valued right now, or under "spot". So what may be a loss on a few dollars from the gold value could turn into substantial profits over time when converted into BTC. When buying Bitcoin today, almost always, you lose some money due to exchange fees. So if he loses a few bucks on the gold but ends up with an equal amount of BTC, the few dollars lost would probably be less than the fees he would lose money to buying that same amount of BTC anyways.
I'm not vouching for this gold cube, BitGold, or the user selling this. I have not done any research nor do I know enough information to make a confident decision. Anybody considering buying this should of course exercise ample amounts of due diligence and caution before making the purchase. I'm just stating that when someone sells precious metals for BTC for a few bucks under spot it isn't necessarily always a conspiracy or warning sign.
I agree with snarlpill and cyclops, I don't find it alarming to sell slightly under spot. I sold some silver bullions here on the forum not too long ago, close to the price I could get at the local coin shop. But I saved my self spending 2 hours going downtown and got bitcoin straight away and I traded with a user that I actually trust more than the local shop. My concern here is mostly if BitGold is legit not so much OP. |
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--snip
This has all the making for something really BIG .....or something really bad...
--snip
Agreed to that, the company have exactly the kind of service I am looking for. But trust essential, and I am taking no chances when it comes to gold. |
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I have not personally heard of anyone selling gold/silver for below the spot price. Why wouldn't they just sell it for 'raw' gold for it to be melted down to be made into some other gold coin/bar/cube
There was one resent case on the forum, where gold where sold below spot: https://bitcointalk.org/index.php?topic=964758.0However the sale was rather controversial. |
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Thanks for the advice Quick! If someone is interested (well a Hero member did PM me interested in it) I will let it go. Other than that I will just wait to redeem it when the time comes as an available service by bitgold. That or turned into a piece of jewelry Be careful, a hero member can be untrusted as well. I have seen people trading hero accounts for prices well below your cube. Remember to take trust rating and trade record into consideration. |
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Does anybody (beside OP) have any experience with bitgold.com?
Read the homepage, the concept is great, but for obvious reason is trust an issue if dealing with this company.
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Great to know! Add the option of just melting it and minting the coin again Gold is gold, if you have real gold, then can you sell for close to spot price. I don't know how it works in other countries, but in Denmark/Sweden, then can you send in your scrap gold at many Jeweler stores and get cash back within 2 weeks (as digicoinuser mentioned). I believe they they just melt it and test the purity. They always discard the stones, so if you have a Jewel with a stone you might as well pick that one out your self. They take coins as well, but you might as well go to a bullion dealer with your coin, then will you get cash in hand right away. Some stores might reject you in the door if the metal is not stamped with the purity, I believe that is why Mark asked about that. |
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The only problem is when you have to cut the coin in half in order to check that it is not made of tungsten...  If you are going down the destructive route then is a small drill also an option. There are alternative none-destructive routes (two first will only apply to governmental issued coins): Ping-test (require experience) Inspection (require experience) X-RAY (require experience and equipment) Ultrasound (require experience and equipment) |
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This is the reason why I never bought physical Gold before because there is almost no way to tell if what you received is actually Gold.
If you stick to coins minted by a governmental mint (like cyclops mentioned) and leave aside bars, jewelry and weird cubes, then are there safe methods to test your gold. But you need experience, so I you don't have that, then stay away from the gold 2nd market. |
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Great coins! The 25 LTC is without doubt my favorite Lealana coin, the pictures does not do this coin justice, the coin is extremely beautiful. Anybody winning this lot will not be disappointed! 9 PM EST, that is like 2 AM here? - I bet that both Mariowot and cyclops well fall asleep  Maybe I should load my sniper riffle as well... |
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I'm still waiting on an 80,0000.00 doge deposit to my wallet, Once it's there you've got a deal pookie ;3 You seem trusted enough, So we may not need escrow, but if you want to i'm totally cool with that All-right, sounds great. We can just keep everything public in this thread. Let me know when you are ready to trade. |
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--snip
BTW cool avatar you have there, is that a Crypto Imperator coin?
--snip
Thank you  Yes, my Avatar is a in fact a Crypto Imperator coin, it is actually the Mastercoin - The one coin to rule them all Full size: https://i.imgur.com/pYMWX4h.jpg?1 |
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I will buy your DOGE at market price (cryptsy buy order price).
But will only buy them in bulk (minimum 50000 DOGE per trade).
I will require that you send first or we use escrow (I suggest master-p, other of the well known is also ok).
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Nice guide Should be mandatory in elementary school to learn how to do it |
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Congrats gijoes, nice coin you got your self there |
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That is too bad that I did not see this thread earlier and I am here too late. These coins are really beautiful and I can see that Coins are already sold but I did not see the price...
Can you disclose how much did it cost? Or it is some kind of secret trade? I am asking because I wonder if I could afford it.
I was matching the Lealana list price: Quarter: 0.52 + 0.25 = 0.77 Half: 0.68 + 0.50 = 1.18 You can still buy coins directly from Lealana.com These coins was a little different though; low serial number, black addy, COA (and free shipping). You can also send a PM to smoothie (the creator of Lealana), he is always helpful with advice and assistance if you want to buy directly. There are often great coins for sale here on the Community Marketplace, just check daily, sometimes will you find a gem for a great price |
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