sron (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 06, 2012, 07:48:52 AM Last edit: November 07, 2012, 04:39:57 AM by sron |
|
Anyone interested in investing in gold? It's pretty easy to buy gold in the town where I live. If I get ten investors I could pop down to the shop and buy 10g or so. We could keep it for a year, then sell it and split the profit.
I charge 10% as an administrative fee.
If this is not interesting, do you have any other suggestion for a similar operation?
SRON
Ok, this post has been updated.
I will try selling gold instead.
The gold will be sent by mail through recorded delivery. Let me know if you're interested and I will update with more specific info, check with gold shops in this town and so on.
Consider this post market research.
|
|
|
|
dust
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 06, 2012, 07:51:08 AM |
|
A 10% admin fee for holding gold is ridiculous. I don't think you will find anyone that will take you up on this offer.
|
|
|
|
sron (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 02:38:22 AM |
|
A 10% admin fee for holding gold is ridiculous. I don't think you will find anyone that will take you up on this offer.
Oh, come on. It's not that bad.
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 03:00:27 AM Last edit: November 07, 2012, 03:22:25 AM by DeathAndTaxes |
|
A 10% admin fee for holding gold is ridiculous. I don't think you will find anyone that will take you up on this offer.
Oh, come on. It's not that bad. Not that bad? Space in a Class A depository like Citadel is 0.55% per year and that includes free shipping from APMEX. 0.55% in Class A bonded and insured depository vs 10% in a anonymous broke kid from the intertubes hmm that is a hard one.
|
|
|
|
Coinabul
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 03:25:11 AM |
|
Buy from us, skip the middle man? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
underminer
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 100
Not for hire.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 04:07:32 AM |
|
Shameless plug, how about it?
Seriously though, you would probably have better luck just selling the gold here.
|
Keep your bitcoins my .02 are free.
|
|
|
odolvlobo
Legendary
Offline
Activity: 4424
Merit: 3325
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 04:55:43 AM Last edit: November 07, 2012, 05:40:40 AM by odolvlobo |
|
The premium on a 10g bar of gold is about 5-6%. Add the 10% "administrative" fee, and the price of gold has to go up 15% to $1978 per oz. (a new record) just to break even.
Buying a 1g bar is even sillier -- the premium is around 20%.
There is a better ways to buy small amounts -- buy shares of a gold ETF. You can buy and sell small amounts with relatively low transaction fees.
|
Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
sron (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 05:03:27 AM |
|
The premium on a 10g bar of gold is about 5-6%. Add the 10% "administrative" fee, and the price of gold has to go up 15% to $1978 per oz. (a new record) just to break even.
Buying a 1g bar is even sillier -- the premium is around 20%.
There is a better ways to buy small amounts -- buy shares of a gold ETF, such as GLD (dollars), or LGT (litecoins). You can buy and sell small amounts with relatively low transaction fees.
The 10% administrative fee from my side has been removed. Perhaps I will add a set fee for each item sent, if this business goes live.
|
|
|
|
Coinabul
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 05:17:17 AM |
|
Shameless plug, how about it?
Seriously though, you would probably have better luck just selling the gold here.
I'm not above groveling or begging either!
|
|
|
|
underminer
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 100
Not for hire.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 05:23:13 AM |
|
Obviously not, this being an unrelated post in the newbie section. You can definitely count me out of any business you do in the future.
|
Keep your bitcoins my .02 are free.
|
|
|
Litecoin Gold Trust
Newbie
Offline
Activity: 39
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 05:31:22 AM |
|
Did someone say shameless plug? Screw the 20% premium and the 10% "administrative" fee. Check out Litecoin Gold Trust on the Litecoin Global Stock Exchange. The fee is only 0.2%.
|
|
|
|
odolvlobo
Legendary
Offline
Activity: 4424
Merit: 3325
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 05:43:44 AM |
|
I will try selling gold instead.
One money-making scheme after another... You need to stop trying to figure out how to skim money off the top, and figure out how to become productive instead. Be productive and the money will follow.
|
Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
underminer
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 100
Not for hire.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 05:45:23 AM |
|
I don't know, all of bitcoin is a money making scheme really.
|
Keep your bitcoins my .02 are free.
|
|
|
bitcoinsrule
Newbie
Offline
Activity: 26
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2012, 09:07:11 AM |
|
Like mining for gold?
|
|
|
|
sron (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 08, 2012, 05:33:05 AM |
|
Well, this is not my main business idea, just some market research regarding gold sales.
|
|
|
|
firefop
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 08, 2012, 07:28:52 AM |
|
Well, this is not my main business idea, just some market research regarding gold sales.
In order to make a good profit moving metal around you've got to be able to purchase enough from your minter that you get a discount. That discount is what lets you be competitive. There is profit to be made simply by accepting bitcoin for gold. The problem is, you'll be very lucky to even make 1% on that trade and I don't think the volume is there... then again, if you're willing to take a lower margin you might be able to start a price war with coinabul and end up putting both of you out of business. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
Coinabul
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 08, 2012, 08:54:44 AM |
|
Obviously not, this being an unrelated post in the newbie section. You can definitely count me out of any business you do in the future.
Whoa, didn't mean to offend. I saw the post crop up on an unrelated search and thought I'd comment. I don't comment on any of our competitors threads; this fellow isn't a competitor, he was offering a different sort of service. Anyways, you're free to choose who you do business with, let me know if there's anything else that you dislike about our service and we'll work to change it, and perhaps we can win back your business. Cheers, -Jon
|
|
|
|
Crookid
Newbie
Offline
Activity: 42
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 08, 2012, 03:37:59 PM |
|
lets not offend each other on this forum
|
|
|
|
AndrewBUD
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 08, 2012, 03:41:18 PM |
|
lets not offend each other on this forum
Good luck on that....
|
|
|
|
| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
[/tabl
|
|
|
cleanerupper
Newbie
Offline
Activity: 3
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 15, 2012, 04:59:16 PM |
|
Obviously not, this being an unrelated post in the newbie section. You can definitely count me out of any business you do in the future.
Whoa, didn't mean to offend. I saw the post crop up on an unrelated search and thought I'd comment. I don't comment on any of our competitors threads; this fellow isn't a competitor, he was offering a different sort of service. Anyways, you're free to choose who you do business with, let me know if there's anything else that you dislike about our service and we'll work to change it, and perhaps we can win back your business. Cheers, -Jon I made a large purchase on your site a few days ago and haven't had any sort of communication since. Please let me know what is going on! The order number is 448.
|
|
|
|
|