Topic: For sale: 10g gold cube - page 2. (Read 5622 times)

Exactly how mine looks, like an imperfectly shaped cube.

https://instagram.com/p/zdu_x7nDZO/?taken-by=bitgoldinc

Based on this instagram post...a Cube won from the contest should be 24Kt ..or 99.95 pure gold....

Thanks for all the posts. I think I am going to hold onto it for now and see how Bitgold plays out with their launch. I am not in a rush, so my bitgold cube from the contest may be better to keep till after Bitgold launches.

One of these would be a nice addition to a collection.

I hope OP test's the cube.

I believe he got it from bitgold but it could be a test of bitgolds honesty or clarity in situations.

I agree...I will be following this company closely....  The gold cubes remind me of the rolo silver rounds, so therefor I want one... just not this one...

Yes which a quick test could possibly clear up. It might be lower purity gold for marketing purposes. Giving out 10 grams of gold 99.95 pure seems too good to be true.

If it turns out to be true, bitgold would be an awesome company.

If it turns out they are just gold plated replicas or lower purity gold given out to people for hype in bitgold, it would make more sense as to why the purity isn't stamped on the cube.

Either way I am curious to find out.

Looks exactly like a 1cm photo scale cube.  I call shenanigans on OP.
https://www.google.com/search?q=brass+scale+cube+photography&tbm=isch&tbo=u&source=univ&sa=X&ei=rBgjVe-FM4nzoASJuoKABQ&ved=0CB4QsAQ&biw=1280&bih=885

Based on conversations I had with someone from bitgold.com , I believe this cube could be a real gold prototype, of the gold cubes that bitgold will be selling to customers, only without the purity and serial numbers ..... which i still question ...if they went that far to make them, the purity 99.95 should have been stamped.

Lets see if OP delivers or he only wanted to make a quick buck...

OP if the cube doesn't show the purity on the cube, you could make a video of yourself testing the cube with nitric acid to help your cause. You can get the testing Kit's from a jewelers shop most likely.

That's just my advice on the situation.

Edit:
Either way you should make a video testing the cube to help show people what it is exactly.

Could you please post some more photos showing the other sides of the cube ideally with your username and date on a piece of paper.

https://www.bitgold.com/transparency


Legal Requirement for .9995 (99.95%) Pure Gold

Our Corporate By-Laws require that we must buy or sell assayed and stamped .9995 pure (99.95%) or better bullion-grade gold for the benefit of customers from an approved list of Refiners and Assayers whose gold meet the minimum specification set by the London Bullion Market Association ("LBMA") or New York Mercantile Exchange division Commodity Exchange, Inc. ("COMEX").


This is from bitgolds web site........

I find it strange that there is no stamp of purity....On the same cubes they want to sell.....based on this fact alone...I would not trust this cube as being pure ..... the cube doesnt even say the words GOLD on it or Au..... besides the words bitgold...


Quick story.... I tough my wife ever thing she knows about  gold and silver bouillon....But not ever thing I know,,, I never thought to explain the fake stuff and what to look out for......So she thought she was doing good and bought me two really cheap 1oz. bars of pure fine German silver.... end of story.....

10g stamped on one side and the bitgold logo stamped on another side.

I haven't been able to find anything strange or unusual about it's makeup, weight, etc. and I have owned gold bullion myself of different sizes from different mints over the years.

You hit it exactly. Anything is profit for me selling this. If I can't get enough, I'll just wait till Bitgold opens up their exchange.

I got an offer from a hero member, but don't know if its safe since the user has no trust, but is a hero member:

Quote from: EvBitcoinFan on Today at 04:35:18 AM
Quote from: HappyS on April 04, 2015, 08:05:19 PM
Price for 10g gold cube and shipping to russia?

I can do it for $395 shipped to Russia.


Pay after checking accepted?
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I agree with snarlpill and cyclops, I don't find it alarming to sell slightly under spot.
I sold some silver bullions here on the forum not too long ago, close to the price I could get at the local coin shop.
But I saved my self spending 2 hours going downtown and got bitcoin straight away and I traded with a user that I actually trust more than the local shop.

My concern here is mostly if BitGold is legit not so much OP.

This, less hassle and easy money!

I don't find it so crazy to believe he is selling this gold cube for under spot. He said his price was ~$7 less than the price BitGold has listed, which is not substantial, and is probably his way of giving a buyer some incentive to buy it from him rather than BitGold themselves. Also, the BitGold Instagram link he posted stated that they were giving away 1 cube free for each week in February. He probably got the cube from this free giveaway, therefore any sale is essentially profit for him. Also, if you are a long-term believer of Bitcoin, then you would consider BTC to be under-valued right now, or under "spot". So what may be a loss on a few dollars from the gold value could turn into substantial profits over time when converted into BTC. When buying Bitcoin today, almost always, you lose some money due to exchange fees. So if he loses a few bucks on the gold but ends up with an equal amount of BTC, the few dollars lost would probably be less than the fees he would lose money to buying that same amount of BTC anyways.

I'm not vouching for this gold cube, BitGold, or the user selling this. I have not done any research nor do I know enough information to make a confident decision. Anybody considering buying this should of course exercise ample amounts of due diligence and caution before making the purchase. I'm just stating that when someone sells precious metals for BTC for a few bucks under spot it isn't necessarily always a conspiracy or warning sign.

Agreed to that, the company have exactly the kind of service I am looking for.
But trust essential, and I am taking no chances when it comes to gold.

There was one resent case on the forum, where gold where sold below spot:
https://bitcointalksearch.org/topic/sold-1oz-9999-fine-gold-2015-coin-below-spot-964758

However the sale was rather controversial.

on it
also, it should have .9995 or 99.95% fine gold ...stamped on it....  So far,.. All I have seen is a very bad picture of 10g.....I would like to see better pictures of all 6 sides....I was reading up on the company ,..BitGold.... The concept reminds me of Norfed and the liberty dollar concept, Just digitlly updated with a crypto currency tie in....  This has all the making for something really BIG .....or something really bad...

Always take physical possession for your Gold and Silver.................And bitcoins privates keys......