[2015-08-31]BitGold Enables Gold Savings through a New App and Global Network

[Blawpaw]

BitGold Enables Gold Savings through a New App and Global Network

BitGold created new software that automatically links buyers to bullion dealers and storage companies. With this move the company makes it easier...

Read more:

http://www.newsbtc.com/2015/08/31/bitgold-enables-gold-savings-through-new-app-and-global-network/

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[RustyNomad]

Growth figures are not bad, around 50,000 per month for their first three months.

Transaction volume however is still low but guess that most users are similar to bitcoin users as they also buy and hold.

The Toronto-based company began offering its service to the public in May and had already racked up more than 168,000 global users by the end of July, with about $7 million in transactions.

[Kakmakr]

This is not good for Bitcoin, because it should be the other way around. Gold investors should be selling their gold and investing in Bitcoin. If only 15% of the global investments in gold was invested in Bitcoin, we would have seen a incredible jump upwards in the price. Go do the math ^hmm^

I know everyone runs to gold as a better store of value to hedge against volatility in uncertain markets, but times are changing and Bitcoin will soon replace gold as a primary store of value. We will see much less volatility once it goes mainstream.