Topic: Bitcoin <--> GoldMoney (Read 13678 times)
If I open my GoldMoney Holding and begin buying the precious metals today, will it be tax free while exporting or importing to another country and will it reach without any restriction pertaining to the law in their respective countries, so many questions on my mind about GoldMoney, although seems good, but have some risk factor too.
Anybody knows if this acquisition will enable to move gold between goldmoney and bitgold and/or buying/selling bitcoins for gold?
...and then of course this happened:
BitGold announces acquistion of GoldMoney
https://www.goldmoney.com/company/news/bitgold
full circle I guess...
BitGold announces acquistion of GoldMoney
https://www.goldmoney.com/company/news/bitgold
full circle I guess...
Can't see GM reenabling gold payments any time soon. I got a feeling they got the heat from some kind of external power
Let's hope that when the beta phase will be over it will be possible to buy&sell metals from goldmoney to/from netagio, that would be so great...
http://www.netagio.com/
Quote
We are based in London in the United Kingdom and are wholly owned by GoldMoney Network Limited.
Gold and Bitcoin: Currencies of the Future—James Turk
Quote
Bitcoin plays out as a store of value in the years ahead, but regardless, Bitcoin is a useful currency because it makes possible low-cost global payments.
bingo 
Does anyone have any pros & cons regarding moving to the new Brinks vault in Singapore, which GM just announced?
contra: it's more expensive (GM lowered fees for some vaults and Singapore is priced as before)
pro: Singapore location itself (as not Americas, nor Europe, etc.)
Interesting take from GoldMoney's Geoff Turk (son of James Turk):
via http://globaleconomicanalysis.blogspot.com.es/2013/04/mish-interview-with-bitcoin-jesus.html
Quote
"I have spent quite a bit of time researching Bitcoins and have not found anything scam-like about them. Price volatility is another matter, and that is a result of an increasing demand for a relatively scarce resource. There may be individuals attempting to manipulate the price in some way, which we know is possible in any small (or even not-so-small) market. However, in my opinion the Bitcoin protocol itself is quite sound, and it creates an interesting hybrid of a commodity without corporeal existence that is nonetheless limited in supply."
via http://globaleconomicanalysis.blogspot.com.es/2013/04/mish-interview-with-bitcoin-jesus.html
Goldmoney is evaluating the integration of Bitcoin in their site!
You can partecipate to their latest survey here:
https://www.research.net/s/goldmoney-survey-2013
(Bitcoin question on the last pages)
You can partecipate to their latest survey here:
https://www.research.net/s/goldmoney-survey-2013
(Bitcoin question on the last pages)
Does anyone have any pros & cons regarding moving to the new Brinks vault in Singapore, which GM just announced?
very interesting interview >Bitcoin, gold and competitive currencies
http://www.youtube.com/watch?v=wfzHC7Pf2fk&feature=player_embedded
http://www.youtube.com/watch?v=wfzHC7Pf2fk&feature=player_embedded
Ah, .. I just made the connection:
Looks like we have a celebrity among us!
Quote
Signature:
http://twitter.com/flix1
- https://bitcointalksearch.org/user/flix-5507http://twitter.com/flix1
very interesting interview >Bitcoin, gold and competitive currencies
http://www.youtube.com/watch?v=wfzHC7Pf2fk&feature=player_embedded
http://www.youtube.com/watch?v=wfzHC7Pf2fk&feature=player_embedded
hero member
Activity: 836
Merit: 1007
"How do you eat an elephant? One bit at a time..."
interesting interview
James Turk gives his timeline on the Dollar's Collapse and Gold's role as the messenger!
http://www.youtube.com/watch?v=R0Gag8rvYF8&feature=youtube_gdata_player
James Turk gives his timeline on the Dollar's Collapse and Gold's role as the messenger!
http://www.youtube.com/watch?v=R0Gag8rvYF8&feature=youtube_gdata_player
Recently, I contacted GoldMoney with a few questions. Here are the interesting bits:
Thanks for sharing that info.
I just read "An interview with James Turk":
Quote
JT: Our decision to turn off the facility to transfer metals between GoldMoney customers in all countries except Jersey is based on lack of customer demand and increasing regulatory burdens. It is our intention to offer this service again in the future, which will depend on customer feedback and regulatory changes.
[emphasis added]- http://www.internationalman.com/im-interviews/an-interview-with-james-turk-co-founder-of-goldmoney-com-part-2
Recently, I contacted GoldMoney with a few questions. Here are the interesting bits:
Concerning Bitcoin:
About delivery and the risk involved with fractional bar ownership:
On asset seizure and/or forced repatriation as occurred with the Netherlands:
Regarding production sources:
Concerning Bitcoin:
Quote
GoldMoney does not have any connections with Bitcoin and at present has no plans to establish a relationship.
Sad, but things change.About delivery and the risk involved with fractional bar ownership:
Quote
As GoldMoney safeguards physical metals for our customers,
you have the option to take physical possession of your
metals at any time. Smaller gold bars of 100 gram and 1 kg
can be delivered to your home address and larger LBMA bars
to a financial institution of your choice at any time.
Provided we are able to agree on transfer arrangements with
the other storage provider, we would be happy to accommodate
the request to transfer metal to an alternative provider.
Very good should a situation arise where it's undesirable to transfer your holdings to your home country.you have the option to take physical possession of your
metals at any time. Smaller gold bars of 100 gram and 1 kg
can be delivered to your home address and larger LBMA bars
to a financial institution of your choice at any time.
Provided we are able to agree on transfer arrangements with
the other storage provider, we would be happy to accommodate
the request to transfer metal to an alternative provider.
On asset seizure and/or forced repatriation as occurred with the Netherlands:
Quote
The UK, Switzerland and Hong Kong have no history of confiscating assets. While circumstances can of course change, the established track record in these countries gives comfort to our customers. We intend to launch further vault locations in the future, giving our customers additional opportunities to diversify the storage of their metal in yet more locations.
Nice to have diverse locations, but it's the legal issues that are more concerning - pressure can be exerted. GoldMoney has to protect itself and its clients as best it can, yet there's only so much it can do.Regarding production sources:
Quote
Rand Refinery Limited (South Africa)
Metalor Technologies SA (Switzerland)
Argor-Heraeus SA (Switzerland)
Johnson Matthey Limited (United Kingdom)
GoldMoney does not have any direct relationships with miners or mining companies.
No direct relationships can mean a few different things. As far as I'm concerned, it would be better to have established lines for sourcing metal in case of a supply squeeze, but there may be other contingencies in place for that event.Metalor Technologies SA (Switzerland)
Argor-Heraeus SA (Switzerland)
Johnson Matthey Limited (United Kingdom)
GoldMoney does not have any direct relationships with miners or mining companies.
Gold <-> Bitcoin
in Bitmit:
https://bitmit.net/en/trade/i/1388-1-gramm-goldbarren-999-eingeschweisst-neu-vom-haendler/description
1 Gramm Goldbarren 999, eingeschweißt, NEU, vom Händler
Buy now:
17.105 BTC
in Bitmit:
https://bitmit.net/en/trade/i/1388-1-gramm-goldbarren-999-eingeschweisst-neu-vom-haendler/description
1 Gramm Goldbarren 999, eingeschweißt, NEU, vom Händler
Buy now:
17.105 BTC
Jump to: