I am looking into buying some gold with my BTC from these guys and stumbled over these comments that are pretty negative.
Any positive experiences with Coinabul around?
I imagine most of us looking to divest our BTC into bullion are of the same mind about the coming collapse of the US$ / US Bond maket /global stockmarket or all of them together.
I have been following the gold market closely over the last months and am coming to the conclusion that the physical gold sellers are getting squeezed by the currently manipulated paper gold price (futures) getting way out of sync with the physical gold market. The result is supply of real gold is running out fast while the price is being artificially kept down by shenanigans in the gold futures market. The US maintains that the 2 markets are pegged but some figures I have seen recently show an ever growing disconnect between the 2 (physical vs paper gold)
Growing demand for physical gold should push the prices up, but the naked short selling in the futures market keeps knocking the price down.
This phenomenon is explained here by Dr. Paul Craig Roberts being interviewed by Greg Hunter on youtube
http://www.youtube.com/watch?v=p0rGaWcRiNoCould this be the reason for hickups with Coinabul, and others.
As far as I can see Coinabul is the only online seller of physical Gold for BTC.
Are there any others doing this yet?