[2014-07-11] Gold Companies With Big Plans for Bitcoin

[dwdoc]

http://www.cryptocoinsnews.com/news/gold-companies-rushing-bitcoin/2014/07/11

A number of companies specializing in selling, buying, managing or mining gold, with a combined market cap of billions, have recently announced their expansion into the Bitcoin arena through mining, selling, storing or accepting bitcoins for gold.

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[Bit_Happy]

This could easily turn into a huge evolving story. BTC/Gold is the future as fiat collapses and "almost everyone" is a paper millionaire.

[Lethn]

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[Chef Ramsay]

Very interesting to see the gold bugs want to hang out in crypto territory when many of them were like, that shit ain't sound money, early on that is.

[Kprawn]

Well if they {Gold investors} start to invest their money into bitcoins, it would be GREAT for the currency price.

If it is the other way around, and people from the bitcoin community starts to sell bitcoins for gold, it would push the price of bitcoins down.

And in uncertain periods, everyone runs to Gold.

[Swordsoffreedom]

This could easily turn into a huge evolving story. BTC/Gold is the future as fiat collapses and "almost everyone" is a paper millionaire.

Well purchasing power is how many assets you own that people want
So yep could have a bunch of paper millionaries but a lack of real ones

This is cool though a three way exchange and it is part of a developing story.
Wonder if Digital Gold or Real Gold will become the main driver in the future.