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Author Topic: Is purchasing Gold/Silver for Bitcoins easier?  (Read 539 times)
Lethn (OP)
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December 23, 2013, 08:34:59 AM
 #1

When I make enough money I think I'm going to do an experiment and see whether it's easier to buy Gold/Silver for Bitcoins or sell the Bitcoins directly on an exchange and I thought this awhile ago but I think that getting Gold/Silver is easier because all you need is an address rather than having everything about you posted into a server. Adding to that the regulation on Gold/Silver is far easier to follow because it's something that governments decided on years ago so once you sell you know exactly what you can do with the cash that you've made and depending on which country you're from the taxes may be lower too.

Has anyone tried this before me? What's been your experiences purchasing precious metals over buying Gold/Silver with Bitcoin? Seems to me like it may be easier to get the money into a bank as well as they won't think much of you selling Gold/Silver off for their currency.
tclo
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December 23, 2013, 09:26:57 AM
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amagimetals..com has worked pretty well for me.
bryant.coleman
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December 23, 2013, 09:28:37 AM
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I have never purchased bullion for Bitcoin. But one of my friends purchased a 1 Oz gold coin through BMR. At that time the rate was 1 BTC = ~ $100. He is cursing himself now.
mindfulmojo
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December 23, 2013, 09:28:55 AM
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amagimetals..com has worked pretty well for me.

Same here.  You don't want any toliet paper fiat anyway...lol
TippingPoint
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December 23, 2013, 06:52:04 PM
Last edit: December 23, 2013, 08:41:22 PM by TippingPoint
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http://www.amagimetals.com/policy/privacy
Just be aware that they collect

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your name
email address
mailing address
phone number
credit card or other payment information
hardware model
operating system version
unique device identifiers
mobile network information including phone number
telephone log information like your phone number
calling-party number
forwarding numbers
time and date of calls
duration of calls
SMS routing information and types of calls
Internet protocol address
cookies that may uniquely identify you or your browser

and they share the information

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We will share personal information with companies, organizations or individuals outside of Amagi if we have a good-faith belief that access, use, preservation or disclosure of the information is reasonably necessary to:

meet any applicable law, regulation, legal process or enforceable governmental request.


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