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Author Topic: New service: turn Your gold to Bitcoins  (Read 805 times)
mart
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July 28, 2011, 11:27:35 AM
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Hei!

We just opened new service,
that lets You turn Your gold items into Bitcoins.

http://gold2bitcoins.com

We buy all kind of gold, items can be broken or contain just a little of gold.
We offer very good price -- 93% of gold world market value.

I'd be glad to answer any additional questions Smiley

(Sorry about duplicate post in newbies forum...)
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evoorhees
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July 28, 2011, 08:35:12 PM
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Very nicely done site, looks great!

I'm sure the biggest challenge you'll face is earning the trust of customers as you're a new company. If you're trustworthy, I wish you the best.
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July 28, 2011, 10:30:22 PM
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Another problem is the trust to mail staff, in Eastern Europe it is common when workers steal from parcels.

the joint
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July 28, 2011, 11:19:05 PM
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We offer very good price -- 93% of gold world market value.


Current gold price - ~ 1600 USD (actually, it's a little higher than this, but to make things easy...)
1 oz ~ 28.3g
1600/28.3 ~56.5
56.5 * .93 ~ 52.54
Current market value of Bitcoin = 13.5 at time of this post (Mt. Gox price)
52.54/13.5 ~3.88 BTC per gram of gold
Currently the calculator on your site offers 3.57 BTC. 

Why the difference between 3.88 BTC and 3.57 BTC?  This doesn't look like 93% to me.

However, I think your business plan is brilliant.  At this time, I would absolutely love to have a gold-to-bitcoin business.

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July 28, 2011, 11:47:12 PM
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We offer very good price -- 93% of gold world market value.


Current gold price - ~ 1600 USD (actually, it's a little higher than this, but to make things easy...)
1 oz ~ 28.3g
1600/28.3 ~56.5
56.5 * .93 ~ 52.54
Current market value of Bitcoin = 13.5 at time of this post (Mt. Gox price)
52.54/13.5 ~3.88 BTC per gram of gold
Currently the calculator on your site offers 3.57 BTC.  

Why the difference between 3.88 BTC and 3.57 BTC?  This doesn't look like 93% to me.

However, I think your business plan is brilliant.  At this time, I would absolutely love to have a gold-to-bitcoin business.

Precious metals are measured in Troy Ounces, which equal about 31.1 grams.  Using that with the same math, I get 3.54, which is close considering price fluctuations.
the joint
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July 29, 2011, 07:57:22 AM
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We offer very good price -- 93% of gold world market value.


Current gold price - ~ 1600 USD (actually, it's a little higher than this, but to make things easy...)
1 oz ~ 28.3g
1600/28.3 ~56.5
56.5 * .93 ~ 52.54
Current market value of Bitcoin = 13.5 at time of this post (Mt. Gox price)
52.54/13.5 ~3.88 BTC per gram of gold
Currently the calculator on your site offers 3.57 BTC.  

Why the difference between 3.88 BTC and 3.57 BTC?  This doesn't look like 93% to me.

However, I think your business plan is brilliant.  At this time, I would absolutely love to have a gold-to-bitcoin business.

Precious metals are measured in Troy Ounces, which equal about 31.1 grams.  Using that with the same math, I get 3.54, which is close considering price fluctuations.

Duly noted.

mart
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July 29, 2011, 11:22:24 AM
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Very nicely done site, looks great!

I'm sure the biggest challenge you'll face is earning the trust of customers as you're a new company. If you're trustworthy, I wish you the best.
Thanks for Your feedback!  Smiley
You're absolutely right about the trust. Because of Our goal is long term success instead of quick cash, i think the trust will come sooner or later.
mart
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July 29, 2011, 11:25:53 AM
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Another problem is the trust to mail staff, in Eastern Europe it is common when workers steal from parcels.
With reliable shipping company this should not be a problem.
It is also reasonable to ensure the shipment, when sending bigger quantities.
mart
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July 29, 2011, 11:41:24 AM
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We offer very good price -- 93% of gold world market value.


Current gold price - ~ 1600 USD (actually, it's a little higher than this, but to make things easy...)
1 oz ~ 28.3g
1600/28.3 ~56.5
56.5 * .93 ~ 52.54
Current market value of Bitcoin = 13.5 at time of this post (Mt. Gox price)
52.54/13.5 ~3.88 BTC per gram of gold
Currently the calculator on your site offers 3.57 BTC.  

Why the difference between 3.88 BTC and 3.57 BTC?  This doesn't look like 93% to me.

However, I think your business plan is brilliant.  At this time, I would absolutely love to have a gold-to-bitcoin business.

Precious metals are measured in Troy Ounces, which equal about 31.1 grams.  Using that with the same math, I get 3.54, which is close considering price fluctuations.
Yes... On the site You can click on "Price per one gram" link and see which values were used for calculation.

Little difference comes, because actual calculation uses more exact values (at the moment for example {"bitcoin_price_in_dollars":13.51501,"gold_gram_price_in_euros":36.3917,"dollar_to_euro":1.4274}).
frobley
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July 29, 2011, 11:44:24 AM
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i would prefer that people held onto their gold AND their bitcoins for the foreseeable future
sell the dog, cat, tv, husband/wife if you must  Sad

mart
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July 29, 2011, 12:32:08 PM
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i would prefer that people held onto their gold AND their bitcoins for the foreseeable future
sell the dog, cat, tv, husband/wife if you must  Sad
Yes, it would be wise to keep the gold and bitcoins.
Sometimes it's just useful to switch between these, for example You can't very well pay in internet with physical gold, but bitcoin is perfect for that.

You can sell all the stuff, but keep the wife Wink
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