bitcoin in pure gold

[slaveforanunnak1]

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

Waant

[wenben]

Nice.

How much premium they charge to make such coin?

[Taras]

Casascius made pure gold coins a few years ago

[ljudotina]

Now that's smart investment. Spread around but still kept very close. Whatever happens, he has something that will have value in forseable future.

[Swordsoffreedom]

Casascius made pure gold coins a few years ago

True enough but they have been out of market for a while now if I recall correctly
Needs a new mint
https://www.casascius.com/

The coins, made of pure gold, weigh one ounce each and have their private keys engraved on the back in 2D barcode, enabling the owners to access them by using smartphones – the images were pixelated for anyone who intend to try his luck. Because each coin contains a unique serial number and unique barcode pattern, they all had to be individually crafted, which made the process quite time consuming. It took the author three months to produce a total of 101 coins.

Still its nice to see some more on the market and they look nice.

[Lethn]

I'm going to be pedantic but as far as I know you can't have 'pure' gold but you can have .99 gold and various carats.

>_< aside from the obvious journalism fail they look nice they seem to be a lot like Casascius' coins but fancier, which lets be honest is a bit unusual for the Chinese because they're mainly known for making cheap copies.

[Ilsk]

Lol, the guy who took the photos now has all the private keys  

[Lauda]

Lol, the guy who took the photos now has all the private keys  

I'm pretty sure the owner of those coins made those photos for him. One can not be that dumb and be able to make such great coins in the same time.

[CharHill]

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

Waant

But with physical coins, btc will lost status of cryptocurrency! Do you really want it, or i missed some facts about btc??

[Beliathon]

A beautiful coin, but call me racist or whatever you want but I would be a bit concerned buying a gold coin from China...

Racist. Well, at least you knew you were being a racist. That's something.

[DjPxH]

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

Waant

Chinese are known to be gold bugs. Since bitcoin incorporates some of the very core fundamentals of Gold) scarcity, rather predictable supply, etc. it's logical to assume there'd be many people who would want to buy themselves some shiny coins. Think Casascius.

[williamj2543]

Its a nice idea. I am guessing this would be good for cold storage. I remember a few years ago some guy also sold these, and litecoins, and different divisions of bitcoin, but he got shut down or something.

[ajareselde]

Am i the only one here thats missing the point in this?!
We're supposed to promote bitcoin, and its use, and store of value vs things like paper money and gold..

You are bonding with the enemy here

[Eotnak]

PSA:  Physical coins are collectors items, and not a good cold storage method.  Especially if you buy them used.

[odolvlobo]

Titan mint is also selling 1 oz. gold physical bitcoins: https://www.titanbtc.com/product/titan-one-gold/

[InwardContour]

Those gold bitcoins can be sold in the future at collectors, it can be a nice investment depending on the demand and the quantity of the coins delivered.

[cr1776]

A beautiful coin, but call me racist or whatever you want but I would be a bit concerned buying a gold coin from China, there is a lot of Tungsten filled bars and coins in China that are tried to be passed off as .999 pure gold. A random person there is not enough confidence for me to be paying for such an item.

It isn't racist to acknowledge the fact theat there have been a lot of problems with "gold" that turned out to have a lot of tungsten coming from China. :-)

[keithers]

I think silver is really the way to go right now.   Just think about it...in the event of a complete financial collapse, if gold prices skyrocket...and you have all this gold...how would you plan on dividing it up when you need to make smaller purchases?   Are you going to bite off pieces of gold???  Unless you plan on only making large purchases...silver will be an easier medium of exchange...

[CharHill]

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

Waant

But with physical coins, btc will lost status of cryptocurrency! Do you really want it, or i missed some facts about btc??

Usually with Physical coins it is more or less a neat safe storage method, with this though it would be more of a show off then a investment. The coins would probably never be pulled from there and it would be valuable as a collectors item.

Yes, you right. But btc stucture implies all criteria of currency, and i don't think, that physical coins let start to up btc project at all.

[cr1776]

A beautiful coin, but call me racist or whatever you want but I would be a bit concerned buying a gold coin from China, there is a lot of Tungsten filled bars and coins in China that are tried to be passed off as .999 pure gold. A random person there is not enough confidence for me to be paying for such an item.

It isn't racist to acknowledge the fact theat there have been a lot of problems with "gold" that turned out to have a lot of tungsten coming from China. :-)

That's what im just trying to make sure everyone realizes before they trust a random man from China making these, even though they were for a "private collection" i would see him "selling his services" very soon and producing these.

I agree.  ;-)