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Topic: Buying gold with Bitcoins? (Read 4794 times)

sr. member
Activity: 430
Merit: 250
February 12, 2013, 06:40:48 AM
#69
Ordered some gold from 2weiX. Will report back how it goes Smiley

Bought several grams of gold from 2weiX (bitcoincommodities), everything went very smooth. Also excellent customer service Smiley Will definitely buy from them again.
legendary
Activity: 2058
Merit: 1005
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February 12, 2013, 04:29:39 AM
#68
However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

While I agree with you in theory, it has turned out quite differently for me in practice. While this company is apparently incorporated in the US, I am left with little recourse as a non US citizen.

Normally I'd have some recourse through the payment channel, be it Paypal or CC chargeback. With these options removed, I'm left with little recourse.

I had taken for granted the security that credit cards provide for international purchases.

I am incorporated in Germany, and I'm awesomely legit, FWIW.
newbie
Activity: 56
Merit: 0
February 12, 2013, 04:26:58 AM
#67
However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

While I agree with you in theory, it has turned out quite differently for me in practice. While this company is apparently incorporated in the US, I am left with little recourse as a non US citizen.

Normally I'd have some recourse through the payment channel, be it Paypal or CC chargeback. With these options removed, I'm left with little recourse.

I had taken for granted the security that credit cards provide for international purchases.
legendary
Activity: 2058
Merit: 1005
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February 10, 2013, 07:39:23 AM
#66
Quote

That's always the case with Bitcoin, be it an ounce of $foo on SilkRoad or a moneyclip from Finland.

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

That being said, I can understand your need for escrow. I myself have never used it, I have *always* demanded my customer send the BTC first and there hasn't been a single one who hasn't received his goods in full and on time.

When you're not doing "meet-me-at-the-7/11-at-10-past-9pm" deals, you shouldn't *need* escrow. That (for one instance) is what #bitcoin-otc is for (this is me).

Good enough answer for me. Can you source gold sovereigns?

I sure can.
Let me finish the transition to our new server / new shop and I will include them in the portfolio!
newbie
Activity: 14
Merit: 0
February 09, 2013, 04:12:45 PM
#65
Quote

That's always the case with Bitcoin, be it an ounce of $foo on SilkRoad or a moneyclip from Finland.

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

That being said, I can understand your need for escrow. I myself have never used it, I have *always* demanded my customer send the BTC first and there hasn't been a single one who hasn't received his goods in full and on time.

When you're not doing "meet-me-at-the-7/11-at-10-past-9pm" deals, you shouldn't *need* escrow. That (for one instance) is what #bitcoin-otc is for (this is me).

Good enough answer for me. Can you source gold sovereigns?
legendary
Activity: 2058
Merit: 1005
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February 02, 2013, 03:43:17 PM
#64
Anyone know of a bullion seller who accepts bitcoins AND has some kind of escrow facility?

My experience so far with buying bullion with bitcoins is that once the seller has your bitcoin they have no obligation towards you and you have no recourse at all.

That's always the case with Bitcoin, be it an ounce of $foo on SilkRoad or a moneyclip from Finland.

However, if you're ordering from someone who is/has a "real" company, registered within the confines of (say, European) mercantile law, you're really no worse off than when ordering and paying in advance with Euros or Dollars.

That being said, I can understand your need for escrow. I myself have never used it, I have *always* demanded my customer send the BTC first and there hasn't been a single one who hasn't received his goods in full and on time.

When you're not doing "meet-me-at-the-7/11-at-10-past-9pm" deals, you shouldn't *need* escrow. That (for one instance) is what #bitcoin-otc is for (this is me).
legendary
Activity: 4466
Merit: 3391
February 02, 2013, 02:31:57 AM
#63
Anyone know of a bullion seller who accepts bitcoins AND has some kind of escrow facility?

My experience so far with buying bullion with bitcoins is that once the seller has your bitcoin they have no obligation towards you and you have no recourse at all.

I sold a few ounces of gold recently and the buyer used Tangible Cryptography for the escrow. No legitimate seller would object to going through escrow since the buyer usually pays for it.
newbie
Activity: 56
Merit: 0
February 02, 2013, 02:03:28 AM
#62
Anyone know of a bullion seller who accepts bitcoins AND has some kind of escrow facility?

My experience so far with buying bullion with bitcoins is that once the seller has your bitcoin they have no obligation towards you and you have no recourse at all.
sr. member
Activity: 430
Merit: 250
February 01, 2013, 06:48:18 PM
#61
Ordered some gold from 2weiX. Will report back how it goes Smiley
legendary
Activity: 2058
Merit: 1005
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January 31, 2013, 02:47:36 PM
#60
I'm new to all this precious metal thing, but do they have the same momentum as Bitcoins have? Are the precious metals not starting to become old fashioned?
Bitcoin is high risk, high volatility.

Precious metals move slower. Bitcoin and PM are both good hedges against inflation.

And there's new forms of bullion available now, which helps make it more attractive and useful. It is good to diversify.

I agree, I totally love the shire silver cards (although they're totally useless over here) :-D
sr. member
Activity: 382
Merit: 253
January 31, 2013, 02:30:18 PM
#59
I'm new to all this precious metal thing, but do they have the same momentum as Bitcoins have? Are the precious metals not starting to become old fashioned?
Bitcoin is high risk, high volatility.

Precious metals move slower. Bitcoin and PM are both good hedges against inflation.

And there's new forms of bullion available now, which helps make it more attractive and useful. It is good to diversify.
hero member
Activity: 588
Merit: 500
Coinabul - Gold Unbarred
January 31, 2013, 12:26:51 PM
#58
I'm new to all this precious metal thing, but do they have the same momentum as Bitcoins have? Are the precious metals not starting to become old fashioned?
Bitcoin is high risk, high volatility.

Precious metals move slower. Bitcoin and PM are both good hedges against inflation.
newbie
Activity: 9
Merit: 0
January 31, 2013, 11:46:25 AM
#57
I'm new to all this precious metal thing, but do they have the same momentum as Bitcoins have? Are the precious metals not starting to become old fashioned?
legendary
Activity: 2058
Merit: 1005
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January 31, 2013, 05:12:49 AM
#56
I've bought from http://bitcoincommodities.com/ in the past and I was happy with their service (you can search the forum for the posts I've done about them in the past)
They are based in Berlin and ship insured with Fed Ex

Any idea if they ship outside of Europe?

we basically ship to just about anywhere fedex will go.
pm me if you have any more questions.
newbie
Activity: 56
Merit: 0
January 31, 2013, 04:19:09 AM
#55
I've bought from http://bitcoincommodities.com/ in the past and I was happy with their service (you can search the forum for the posts I've done about them in the past)
They are based in Berlin and ship insured with Fed Ex

Any idea if they ship outside of Europe?
legendary
Activity: 4522
Merit: 3183
Vile Vixen and Miss Bitcointalk 2021-2023
January 30, 2013, 08:14:54 AM
#54
Spending bitcoins is what helps the community, trading it for usd, not so much.
What's the difference? How is buying and selling dollars fundamentally different from buying and selling anything else? Moreover, if nobody traded bitcoins for dollars, where would new users (which is what the community really needs) obtain them in the first place?
sr. member
Activity: 430
Merit: 250
January 30, 2013, 04:38:35 AM
#53
Well there's a difference if you want to help out the community, or you're just out to make money. If you must, I'd buy gold VIA LR, you can actually store grams of gold on your account, at least I think.
Spending bitcoins is what helps the community, trading it for usd, not so much. I'm not in this to make money, but having so much invested into bitcoin at this stage would be pretty stupid. I might as well buy those bitcoins back if/when the situation is appropriate.
newbie
Activity: 14
Merit: 0
January 30, 2013, 03:03:02 AM
#52
Well there's a difference if you want to help out the community, or you're just out to make money. If you must, I'd buy gold VIA LR, you can actually store grams of gold on your account, at least I think.
sr. member
Activity: 430
Merit: 250
January 29, 2013, 09:03:31 AM
#51
What's the best way to buy gold with btc in europe? Does anyone have any experience with this?

If I could kindly direct your attention to my site bitcoincommodities ?

We are close to releasing the "pubic beta" of our completely revamped store system, but the "old" system is still good.
we ship via FedEx to all of Europe.

If you have any questions, PM me.
excellent, this is exactly what I was looking for. Will probably send you a few questions later today.

I know, but has anyone in europe actually bought gold with bitcoins? If so, from where?
I've bought from http://bitcoincommodities.com/ in the past and I was happy with their service (you can search the forum for the posts I've done about them in the past)
They are based in Berlin and ship insured with Fed Ex
Excellent, thanks.

Bitcoins are rising faster than Gold, I wouldn't recommend it.
I was always taught diversifying is a good practice. When bitcoins appreciate so much that they consist of a major share in your portfolio, it's time to sell some. Since I don't have ANY gold so far, this looks like a good chance to get some AND contribute to the bitcoin economy.
vip
Activity: 812
Merit: 1000
13
January 29, 2013, 08:22:21 AM
#50
I've read something about possibly buying gold with Bitcoins, is this true?

Has anyone else done this & is it getting common?  What exchanges offer this kind of service?

Any more info on this subject would be greatly appreciated.

Here's a review of four gold and silver funds available on three popular exchanges.

https://bitcointalksearch.org/topic/m.1484557

There are also a variety of online coin shops. I hear coinabul.com is very good. You can also check the goods forum here and the auction forum, people are always selling gold and silver here.

Good luck!
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