[2014-07-27] Gold Mine for Sale for $2 Million worth of Bitcoin

[Kprawn]

http://www.coindesk.com/case-merging-mexicos-peso-block-chain-technology/

Timothy Coles is the man behind the profitable gold mine in the Yukon city of Dawson currently for sale for just over 3,200 BTC on luxury marketplace BitPremier.

“The people that have the bitcoin are the ones that can drive the price up, or drive it down, depending on what ups. Whereas gold, the people that have the gold are really at the mercy of politicians, financial institutions, London fixes that we really know nothing about. People that have gold really have no control over the direction that goes.”

[Dogtanian]

Glad to see he can see the benefits of bitcoin over gold, but I'm sure anybody with that amount oif money in bitcoins will also see the same so I can't see anyone shelling out their coins for this.

[ThomasCrowne]

I could see somebody dolling out enough bitcoin to pay for this but not until bitcoin hits at least $3200-3500/btc

[Kprawn]

Well, what he says makes a lot of sense. {The government in Alaska have loads of rules and regulations about environmental impact and safety regulations, you have to adhere too, when it comes to gold mining}

And you can only mine gold in certain areas, for a short period, due to extreme temperatures. Apart from that, you have to deal with mechanical failure and labour issues.

Bitcoins will give him freedom from location / weather / rules and regulations and he can make money, through investments during the whole year.

If I had to choose, I would also have chosen Bitcoin. {Fixed income, if you invest correctly}

[nwfella]

lol...I wonder if he would be willing to take really really small every other day payments :p

[gmx95]

I could see somebody dolling out enough bitcoin to pay for this but not until bitcoin hits at least $3200-3500/btc

I am starting to think that we may never see such price any time soon...

[Swordsoffreedom]

This gold mines been on the market for a while remember when it first came to Bitpremier
I wonder when someone will go for it but its smart to diversify, for the gold mine owner and perhaps for that rich Bitcoiner as well.

[Kprawn]

After the successfull series "Gold Rush" interest in gold mining in Alaska spiked. He will get his price. And it seems as though he has done most of the prospecting already, so he knows what can be done with the ground. {More or less}

I would give up this office work for the wild anytime, if I had the knowledge and the equipment. 

[bryant.coleman]

This gold mines been on the market for a while remember when it first came to Bitpremier
I wonder when someone will go for it but its smart to diversify, for the gold mine owner and perhaps for that rich Bitcoiner as well.

Yup. It was posted there many months ago. There are legal complexities for owning a gold mine in Canada. It is very difficult if you are not a Canadian citizen. You need to take licenses and all that stuff.