dunchy (OP)
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March 20, 2015, 11:15:30 AM |
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Let's say I buy and hold 50BTC worth of gold at bitreserve.com .
Gold spikes over night 100% compared to BTC. How will bitreserve have 50BTC more to pay me morning after?
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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NUFCrichard
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March 20, 2015, 01:11:46 PM |
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Let's say I buy and hold 50BTC worth of gold at bitreserve.com .
Gold spikes over night 100% compared to BTC. How will bitreserve have 50BTC more to pay me morning after?
Most people who own gold will tell you, if you don't have it in your hand, you don't own it. I agree with that statement. I would however assume that Bitreserve either buys the gold (unlikely) or buys GLD (more likely) with your bitcoins, otherwise there is no gold involved in the process! Can you not ask them exactly how they invest in gold with your Bitcoin?
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twister
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March 21, 2015, 11:11:07 AM |
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You can buy Gold stock in the gold market and hold it, if you don't want to buy the physical gold and if the price of gold goes up, you will get whatever is the current price when you sell your gold stock.
But what I am talking about is registered Bullion Market stocks and is secured and you will get your money back when you sell your stocks.
Not sure if Bitreseve is same.
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deisik
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March 21, 2015, 11:27:42 AM |
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Let's say I buy and hold 50BTC worth of gold at bitreserve.com .
Gold spikes over night 100% compared to BTC. How will bitreserve have 50BTC more to pay me morning after?
Most people who own gold will tell you, if you don't have it in your hand, you don't own it. I agree with that statement. I would however assume that Bitreserve either buys the gold (unlikely) or buys GLD (more likely) with your bitcoins, otherwise there is no gold involved in the process! Can you not ask them exactly how they invest in gold with your Bitcoin? They could also buy physically settled gold futures and sell them before expiration, though I don't see much difference (and any logic behind) between buying cash-settled gold futures and physically settled ones in this case but for being able to say that they do actually go physical...
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bourseindia
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March 24, 2015, 08:44:46 AM |
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BUY GOLD APR. AT 26140 TGT 26190, 26240, 26290 SL 26050 BUY GOLD APR. CALL DID OUR FIRST TGT OF 26190
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Amph
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March 24, 2015, 10:55:44 AM |
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they will buy it for you i presume, i don't see other way around
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conspirosphere.tk
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Bitcoin is antisemitic
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March 24, 2015, 11:19:53 AM |
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Let's say I buy and hold 50BTC worth of gold at bitreserve.com .
Gold spikes over night 100% compared to BTC. How will bitreserve have 50BTC more to pay me morning after?
The only answer I can see is that Bitreserve has his own portfolio and actively manage it betting that its managing is more profitable than its users' trading. Because otherwise it could incur in losses to solve your problem.
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countryfree
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Your country may be your worst enemy
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March 24, 2015, 07:46:20 PM |
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Gold isn't something which should be bought and sold online. Gold is physical.
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I used to be a citizen and a taxpayer. Those days are long gone.
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koshgel
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March 25, 2015, 03:11:13 AM |
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Gold isn't something which should be bought and sold online. Gold is physical.
Agreed. If you aren't holding the actual gold, you don't really own it. Bit risky for my taste.
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Undermood
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March 29, 2015, 08:44:24 AM |
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You can buy Gold stock in the gold market and hold it, if you don't want to buy the physical gold and if the price of gold goes up, you will get whatever is the current price when you sell your gold stock.
But what I am talking about is registered Bullion Market stocks and is secured and you will get your money back when you sell your stocks.
Not sure if Bitreseve is same.
It is more secure than investing or saving gold in Bitreseve. Or either way you can buy physical investing gold from the gold dealers and save in the vault.
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deisik
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March 29, 2015, 09:24:19 AM Last edit: March 29, 2015, 10:24:28 AM by deisik |
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Gold isn't something which should be bought and sold online. Gold is physical.
People who say things like that seemingly don't quite understand how gold is bought. You can indeed go to a bullion bank and buy some gold ingots or coins there, but if you want to buy a million dollar worth of gold, it seems that the easiest way is to buy it online (and sell as well, for that matter) at an exchange (like Comex) and have it later delivered to your gold vault...
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memai
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March 30, 2015, 11:38:28 AM |
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No, I think so. Nothing is safety to hold your Gold there
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bourseindia
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March 30, 2015, 12:00:58 PM |
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MCX: SELL GOLD JUNE AT 26700 TGT 26650, 26600, 26550 SL 26780 SELL GOLD JUNE CALL DID OUR FINAL TGT OF 26550
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Wardrick
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March 31, 2015, 07:16:24 AM |
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I'd never purchase vouchers for the gold/silver I buy unless it was physically impossible for me to store it in a safe manner anymore. I don't know why you would want to buy and store anything on any site like Bitreserve right now. Sell your Bitcoin and buy physical gold and if you're going to buy gold vouchers do it at an established business. The odds of you losing your Bitcoin are mathematically pretty high given there should be a 0% chance in the first place.
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NUFCrichard
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March 31, 2015, 09:10:30 AM |
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I'd never purchase vouchers for the gold/silver I buy unless it was physically impossible for me to store it in a safe manner anymore. I don't know why you would want to buy and store anything on any site like Bitreserve right now. Sell your Bitcoin and buy physical gold and if you're going to buy gold vouchers do it at an established business. The odds of you losing your Bitcoin are mathematically pretty high given there should be a 0% chance in the first place.
I agree with you that if you don't have it in your hand, you don't own it, but for trading pursposes paper gold and silver are much much easier. I had physical (lost it in a boating accident unfortunately) but when the price peaks, it is difficult to sell at a decent price without resorting to eBay, that will steal 10%, or untrusted buyers offline. If you are trading, paper gold would be fine, for a long term investment physical is the only way to go.
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Wardrick
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March 31, 2015, 05:33:15 PM |
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I'd never purchase vouchers for the gold/silver I buy unless it was physically impossible for me to store it in a safe manner anymore. I don't know why you would want to buy and store anything on any site like Bitreserve right now. Sell your Bitcoin and buy physical gold and if you're going to buy gold vouchers do it at an established business. The odds of you losing your Bitcoin are mathematically pretty high given there should be a 0% chance in the first place.
I agree with you that if you don't have it in your hand, you don't own it, but for trading pursposes paper gold and silver are much much easier. I had physical (lost it in a boating accident unfortunately) but when the price peaks, it is difficult to sell at a decent price without resorting to eBay, that will steal 10%, or untrusted buyers offline. If you are trading, paper gold would be fine, for a long term investment physical is the only way to go. Yeah paper gold would definitely be more useful if you are looking to quick trading instead of a long term investment, but definitely not from a site like Bitreserve. There's to high of a chance that the site won't be able to fulfill the entirety of the voucher. Especially when you are getting into the amounts such as 50 BTC, if something goes wrong with their site as we've seen countless times before with other sites the odds of getting your Bitcoin back are very low.
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