[2016-01-06] CD: Bitstamp Opens Gold Buying Service to European Customers

[LiteCoinGuy]

Bitstamp Opens Gold Buying Service to European Customers

UK-based bitcoin exchange Bitstamp has partnered with precious metal traders Moro & Kunst to provide its customers with the option to purchase gold using US dollars.

The service is being advertised as a withdrawal option for exchange users, as Bitstamp users can purchase gold directly from the firm's website (see image below), choosing from bars ranging between 1–1000 grammes.

http://www.coindesk.com/bitstamp-now-lets-users-buy-gold-with-bitcoin/

[gentlemand]

Cool idea but the premiums are pretty insane. I assume they'll be making a note of the trade anyway so there's nothing to lose by withdrawing your usd and buying the gold yourself.