Buying gold with Bitcoins?

[prezbo]

Ordered some gold from 2weiX. Will report back how it goes

[1715560541]

1715560541

[shiftybugger]

Anyone know of a bullion seller who accepts bitcoins AND has some kind of escrow facility?

My experience so far with buying bullion with bitcoins is that once the seller has your bitcoin they have no obligation towards you and you have no recourse at all.

[odolvlobo]

Anyone know of a bullion seller who accepts bitcoins AND has some kind of escrow facility?

My experience so far with buying bullion with bitcoins is that once the seller has your bitcoin they have no obligation towards you and you have no recourse at all.

I sold a few ounces of gold recently and the buyer used Tangible Cryptography for the escrow. No legitimate seller would object to going through escrow since the buyer usually pays for it.

[2weiX]

Anyone know of a bullion seller who accepts bitcoins AND has some kind of escrow facility?

My experience so far with buying bullion with bitcoins is that once the seller has your bitcoin they have no obligation towards you and you have no recourse at all.

That's always the case with Bitcoin, be it an ounce of $foo on SilkRoad or a moneyclip from Finland.

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

That being said, I can understand your need for escrow. I myself have never used it, I have *always* demanded my customer send the BTC first and there hasn't been a single one who hasn't received his goods in full and on time.

When you're not doing "meet-me-at-the-7/11-at-10-past-9pm" deals, you shouldn't *need* escrow. That (for one instance) is what #bitcoin-otc is for (this is me).

[robertprosper]

That's always the case with Bitcoin, be it an ounce of $foo on SilkRoad or a moneyclip from Finland.

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

That being said, I can understand your need for escrow. I myself have never used it, I have *always* demanded my customer send the BTC first and there hasn't been a single one who hasn't received his goods in full and on time.

When you're not doing "meet-me-at-the-7/11-at-10-past-9pm" deals, you shouldn't *need* escrow. That (for one instance) is what #bitcoin-otc is for (this is me).

Good enough answer for me. Can you source gold sovereigns?

[2weiX]

That's always the case with Bitcoin, be it an ounce of $foo on SilkRoad or a moneyclip from Finland.

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

That being said, I can understand your need for escrow. I myself have never used it, I have *always* demanded my customer send the BTC first and there hasn't been a single one who hasn't received his goods in full and on time.

When you're not doing "meet-me-at-the-7/11-at-10-past-9pm" deals, you shouldn't *need* escrow. That (for one instance) is what #bitcoin-otc is for (this is me).

Good enough answer for me. Can you source gold sovereigns?

I sure can.
Let me finish the transition to our new server / new shop and I will include them in the portfolio!

[shiftybugger]

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

While I agree with you in theory, it has turned out quite differently for me in practice. While this company is apparently incorporated in the US, I am left with little recourse as a non US citizen.

Normally I'd have some recourse through the payment channel, be it Paypal or CC chargeback. With these options removed, I'm left with little recourse.

I had taken for granted the security that credit cards provide for international purchases.

[2weiX]

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

While I agree with you in theory, it has turned out quite differently for me in practice. While this company is apparently incorporated in the US, I am left with little recourse as a non US citizen.

Normally I'd have some recourse through the payment channel, be it Paypal or CC chargeback. With these options removed, I'm left with little recourse.

I had taken for granted the security that credit cards provide for international purchases.

I am incorporated in Germany, and I'm awesomely legit, FWIW.

[prezbo]

Ordered some gold from 2weiX. Will report back how it goes

Bought several grams of gold from 2weiX (bitcoincommodities), everything went very smooth. Also excellent customer service Will definitely buy from them again.