I am selling gold for Bitcoin

[itilexpert]

I work as an IT service management consultant and have dabbled with a few internet ventures over the years.

I am fairly new to Bitcoin and have set up business venture that sells gold in exchange for Bitcoin. The website prices physical small gold coins and bars in BTC as per gold and BTC spot rate. My website uses BitPay as payment processor.

I realise that I have to establish myself in this business through promotion and also becoming trusted. ( I am aware of the number of scams in this sector).  Before I am trusted in this business, would it help to prove my commercial identity somehow? Also maybe you can advise me, should I start by selling some cheaper items e.g. silver coins as an interim step as people might be less reluctant to buy these?

I would like to find out, is anyone interested in buying gold with Bitcoin to hedge their Bitcoin positions against market moves?

Please let me know your thoughts.

The website URL is:   bitgoldbypost.co.uk   (I have about 70,000 dollars worth of gold coins stock to sell in the company right now).

(I will also be starting a signature campaign, currently getting a banner made. If there is someone who can run a signature campaign for low fees, please let me know).

Note: Here is a link to my linkedin profile    https://www.linkedin.com/in/nick-collier-27829b6/    You may message me on linkedin to verify.

Nick

STOPPRESS===STOPPRESS    I HAVE NOW LISTED SOME MUCH CHEAPER SILVER COINS ON THE SITE STARTING AT 0.0030520 (plus tax and shipping, prices fluctuate)

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[warningsigns]

I work as an IT service management consultant and have a few internet ventures.

I am fairly new to Bitcoin and have set up business venture that sells gold in exchange for Bitcoin. The website prices physical small gold coins and bars in BTC as per gold and BTC spot rate. My website uses BitPay as payment processor.

I realise that I have to establish myself in this business through promotion and also becoming trusted. ( I am aware of the number of scams in this sector).  Before I am trusted in this business, would it help to prove my commercial identity somehow? Also maybe you can advise me, should I start by selling some cheaper items e.g. silver coins as an interim step as people might be less reluctant to buy these?

I would like to find out, is anyone interested in buying gold with Bitcoin to hedge their Bitcoin positions against market moves?

Please let me know your thoughts.

The website URL is:   bitgoldbypost.co.uk   (I have about 70,000 dollars worth of gold coins stock to sell in the company right now).

(I will also be starting a signature campaign, currently getting a banner made. If there is someone who can run a signature campaign for low fees, please let me know).

Nick

Yes yes, all nicely worded etc.

The main issue here is escrow. You do understand that people who want your gold should transact under escrow protection only, right? Nobody will send bitcoins first. A middle man or escrow must hold the bitcoins until the gold coins are received and confirmed genuine.

[SCCFX]

this mean youre selling not gold physic
how much price
but only online gold payment procesor, what can use bitgold to online transaction ?

[itilexpert]

Yes yes, all nicely worded etc.

The main issue here is escrow. You do understand that people who want your gold should transact under escrow protection only, right? Nobody will send bitcoins first. A middle man or escrow must hold the bitcoins until the gold coins are received and confirmed genuine.

I don't have much experience with escrow. People used to be very negative about general internet escrow.

Am I taking a risk of being scammed though? What if I sent gold to a buyer, they claim non-receipt or non-genuine gold and I lose the money in escrow, and they either don't return the goods, or send something else back? 

Another idea I had is to buy some much cheaper silver coins and sell them as part of establishing a reputation for a limited period of time. Would that work?

[itilexpert]

this mean youre selling not gold physic
how much price
but only online gold payment procesor, what can use bitgold to online transaction ?

- I am selling physical gold.

- The prices are on my website bitgoldbypost.co.uk   The prices change constantly, hence I'm directing you here.

- The payment method is BTC through BitPay.

[Zebedee23]

For what it's worth I will vouch 100% for itilexpert , have known him 4 decades!!

[LeGaulois]

You don't even need to sell your products cheaper than their value. Unless you want to sell me your 20 g gold bar Credit Suisse for half the value of course Instead you can offer to people the use of an escrow if they feel more safe to trade with. Specialy here... Better to build your presence, your reputation and your contact list around the community. Once people know how reliable you are, there is no more need to worry about something.

[itilexpert]

You don't even need to sell your products cheaper than their value. Unless you want to sell me your 20 g gold bar Credit Suisse for half the value of course Instead you can offer to people the use of an escrow if they feel more safe to trade with. Specialy here... Better to build your presence, your reputation and your contact list around the community. Once people know how reliable you are, there is no more need to worry about something.

Hi and thanks for your post. The thing about escrow is that there is a risk of buyer fraud. When you are selling something that is high value and very low margin, that wouldn't make sense.  I am going to list some cheaper silver coins and see how it goes.

[jjrundy]

for what its worth(my two cents) and iv'e not had the privilege of working with these guy's as of yet, but https://bitcointalk.org/index.php?topic=1938190.msg19245514#msg19245514 and of course look up ognasty, are all very reputable and i'm quite confident one or all of the aforementioned user's would be able to accurately grade precious metals.

and as far as that goes, escrow here holds both parties goods and once its validated they ship your product and release your new coins to you.

[itilexpert]

for what its worth(my two cents) and iv'e not had the privilege of working with these guy's as of yet, but https://bitcointalk.org/index.php?topic=1938190.msg19245514#msg19245514 and of course look up ognasty, are all very reputable and i'm quite confident one or all of the aforementioned user's would be able to accurately grade precious metals.

and as far as that goes, escrow here holds both parties goods and once its validated they ship your product and release your new coins to you.

Thanks for the info - I will take a look.

[Lesbian Cow]

You don't even need to sell your products cheaper than their value. Unless you want to sell me your 20 g gold bar Credit Suisse for half the value of course Instead you can offer to people the use of an escrow if they feel more safe to trade with. Specialy here... Better to build your presence, your reputation and your contact list around the community. Once people know how reliable you are, there is no more need to worry about something.

Hi and thanks for your post. The thing about escrow is that there is a risk of buyer fraud. When you are selling something that is high value and very low margin, that wouldn't make sense.  I am going to list some cheaper silver coins and see how it goes.

Hi there,

If you look in my post history you will see I sell a bit of gold and silver here on the forum.  I have always offered buyers the option of escrow at their cost.  It really is a must, you will have a near zero chance selling here as a newcomer without offering escrow.   I have not encountered any problems over multiple years of trading on this forum.  I use OgNasty for escrow however there are several other reliable ones and I encourage you to do your own due diligence.

I know for a fact there are some European based buyers here who would love to have a seller based in the UK (I am usa).

Best of luck with both your website and business.

Cheers!

Edit to add:  I find your price on the 20 gram gold reasonable

[markj113]

A few point from me.

1) No contact telephone number.

2) UK based site with gold priced in USD

[itilexpert]

A few point from me.

1) No contact telephone number.

2) UK based site with gold priced in USD

Thanks for your feedback. With point 2 what are you saying as this website is priced in BTC. Are you saying it's preferable to price in USD?

[jjrundy]

A few point from me.

1) No contact telephone number.

2) UK based site with gold priced in USD

Thanks for your feedback. With point 2 what are you saying as this website is priced in BTC. Are you saying it's preferable to price in USD?

what he is saying is this, why would a fellow from Europe with a European based website be using a USD conversion, whereas, it would be highly expected for the conversion to be in GBP or EURO'S

[gentlemand]

Hi and thanks for your post. The thing about escrow is that there is a risk of buyer fraud. When you are selling something that is high value and very low margin, that wouldn't make sense.  I am going to list some cheaper silver coins and see how it goes.

I seriously doubt anyone's going to touch you without some escrow action. It's a potential grind but that's just how it is.

If you're posting gold then film sticking it in an envelope and posting it. That should satisfy the escrow.

[itilexpert]

A few point from me.

1) No contact telephone number.

2) UK based site with gold priced in USD

Thanks for your feedback. With point 2 what are you saying as this website is priced in BTC. Are you saying it's preferable to price in USD?

what he is saying is this, why would a fellow from Europe with a European based website be using a USD conversion, whereas, it would be highly expected for the conversion to be in GBP or EURO'S

Oh I see, my gold is only prices in BTC. I provide a few price feeds on the site which are BTCUSD, GLDUSD, XAUUSD purely because these are the well known measures. These price feeds are really just a gadget on the site.

[aesma]

I'm European and gold prices are quoted in USD, oil too, that's how it is.

I find the idea of shipping gold a bit risky, personally.

[TheNewAnon135246]

Maybe you can post some pictures of the gold you are holding, together with a timestamped note to prove ownership.

[LoyceV]

- The prices are on my website bitcoinbypost.co.uk   The prices change constantly, hence I'm directing you here.

It doesn't really inspire confidence if you mistype your own website...

How does customs work on shipping gold? Will there be charges or questions?

[itilexpert]

I have now added some much cheaper silver coins to the site because I realise that I need to build trust before gold items will sell.

Please take a look.