Topic: For sale: 10g gold cube (Read 5623 times)

Even though I am enjoying the posts lol, I am going to lock the thread since its not for sale anymore.

Thanks

It is actually pretty fun to read, I have many more links to share, that's what I do instead of working to get rich   

Just watched an anthillart video that's pretty amazing thanks for the link .

I'll watch the other one another time .

Ants you say? I always found them very fascinating, I will just watch a few minutes and then get back to work, I will read that "procrastination" thingy later, sounds boring

I advice you not to start looking at ant documentaries, really disturbing. BTW here is an ant-related channel were you will lose some more time: https://www.youtube.com/user/anthillart

and then, after seeing all the videos in the channel and you are left wondering what have you done, (nothing profitable) read this article on procrastination http://waitbutwhy.com/2013/10/why-procrastinators-procrastinate.html

Ha ha I often do the same interesting documentaries are very distracting .

Yep England and the USA still use the imperial system while the majority of the world has switched to the metric, and here you have a graph to illustrate how dumb the imperial system is:

Absolutely, I was supposed to work and ended up watching 45 min of documentaries with Brian Cox (damn you cyclops!)

That's a really interesting video, I like Professor Brian Cox he does some excellent documentaries about space and science for the BBC.

Waus, that is a serious vacuum chamber.
I really enjoyed that video thanks for sharing.

Did you notice the host used the term "cubic feet"... I always amaze me (from a scientific point of view) that some parts of the world don't use SI units. 

Let a BBC video explain it for you, testing in the biggest vacuum chamber of the world (used to test spaceships) https://www.youtube.com/watch?v=E43-CfukEgs

Not pound of bitcoins, that's for sure

If placed in vacuum and dropped from 10 m height, which of the mentioned lots will hit the ground first?

Which weighs more ,a pound of feather or a pound of gold..... a troy pound of gold...?

No worries, common mistake. I was interested in gold market few years back (before Bitcoin), if not that, I wouldn't know the difference myself.


Feel free to lock the thread.

oops it looks like I used ounces, not Troy ounces. Didn't know there is a difference (I thought the metric system was simple enough for those kinds of mistakes to not happen).

Appreciate the interest. No longer interested in selling it for now. Will see once bitgold gets up and running.

Where did you get that number from?

$1209 is a price for troy ounce. 1 troy oz. = 31.1034768 grams

So $1209/31.1034768 x10= $388.70

And here's the chart USD/gram:

https://www.bullionbypost.co.uk/gold-price/week/grams/usd/

I'll buy for $380 in BTC at preev rate. Any top escrow will be used. Funds will not be released until one week after receiving cube or when I give the okay on it being pure after checking with a pawn shop.



too lazy to retype it in my own words

edit: i have to rescind my offer down to 300. are you shipping from within the usa? because if its not coming from the usa im not interested

I'll buy for $355 in BTC at preev rate. Any top escrow will be used. Funds will not be released until one week after receiving cube or when I give the okay on it being pure after checking with a pawn shop.

I intend to keep it but need to protect myself here. If interested let me know, no games please (don't think you are a scammer tho). Anyways this is a serious offer. Let me know if interested.

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?
Report To Admin
Нам нужны ботинки для гольфа, иначе мы отсюда не выберемся.
13H5Cu9ixeud7kiD52mDXrR7NWgc2PERdJ

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......

The OP is asking for $380 including shipping. This is under the spot price.
I have not personally heard of anyone selling gold/silver for below the spot price. Why wouldn't they just sell it for 'raw' gold for it to be melted down to be made into some other gold coin/bar/cube

http://www.techvibes.com/blog/bitgold-2015-03-14

This article , If im reading it correctly, says that the individual pieces of gold have a unique number.....

OP, does your cube have that number which they are talking about....

If you don't mind, can you just declare what are your expectations???
I mean, is this some kind of auction itself, and if yes, then what's the starting price???

Well the risk of getting scammed by a hero is somewhat mitigated by the fact that the OP will need to get the dox of whoever is buying from him as he needs a actual physical address to ship to. Although it would be advisable to only trade with someone with positive trust and with ah solid trading history as they will be less likely to try "anything"

Be careful, a hero member can be untrusted as well.
I have seen people trading hero accounts for prices well below your cube.
Remember to take trust rating and trade record into consideration.

Thanks for the advice Quick! If someone is interested (well a Hero member did PM me interested in it) I will let it go. Other than that I will just wait to redeem it when the time comes as an available service by bitgold. That or turned into a piece of jewelry 

If you won it then there is little reason to want to get rid of it efficiently so it would probably make sense for you to sell it for fiat and/or a coin dealer and then use that money to purchase Bitcoin via the currency exchange section - you may end up even getting more Bitcoin then if you sold it directly if you open a thread and can wait a day or two/three for a good deal.

The hassle would also be lower for you because you would not need to deal with shipping/packaging plus whoever you sell to will likely want to wait a good amount of time to either pay you or release escrow while they try to get the coin tested to make sure it is not any kind of fake.

Sorry I can't help. I won the 10g of gold and just want to sell it. I have actual gold bullion and have had so for a number of years and from my own non expert opinion, there isn't anything I have noticed unusual about this 10g of gold from any of my standard bullion pieces. They also have a very public presence around the world at conferences and venture capitalist backing. I totally understand we see a lot of Bitcoin scams, but my "scam radar" doesn't go off from bitgold and the legitimacy of this 10g gold piece.

I see that their domain was registered in 2006 so I may be wrong on the shilling but it is still very dangerous to buy from an unknown site.

I hope you understand that there is a good reason for paranoia on here because of the large number of scam attempts often times them being very elaborate.

I think if you look at my post history you will realize I am not trying to advertise them. First of all there is nothing to advertise yet as they are just doing giveaways right now as they ramp up for a launch. I would just sell the gold cube to them if they were open for business right now.

If I don't find a buyer before they open up registration on bitgold.com then I will just redeem it with bitgold. It's either sell it now or see what happens in the next few weeks or so.

It sounds like there is a good possibility that you are a shill for bitgold. I am going to speculate that you don't hope that anyone buys from you, but rather you are hoping that people see your thread and decide to buy from bitgold and receive either nothing or a fake.

They are a start up. Maybe reach out to the multiple venture capital companies listed on their website homepage?

Does anybody (beside OP) have any experience with bitgold.com?
Read the homepage, the concept is great, but for obvious reason is trust an issue if dealing with this company.

You can also do a specific gravity test in the mostly non-destructive list, though tungsten's specific gravity is close to gold's, so you need a highly accurate scale to be confident. Best used combined with the Ping Test, measurements, weight, etc.

In this case if I were considering buying this gold cube, I would probably contact BitGold and check their credentials and see what they have to say, and ask if they sold/gave one to OP.

I think it's neat.

Would love to know the purity though.

Can you not try to get them hallmarked?

Gold is gold, if you have real gold, then can you sell for close to spot price.

I don't know how it works in other countries, but in Denmark/Sweden, then can you send in your scrap gold at many Jeweler stores and get cash back within 2 weeks (as digicoinuser mentioned).
I believe they they just melt it and test the purity. They always discard the stones, so if you have a Jewel with a stone you might as well pick that one out your self.
They take coins as well, but you might as well go to a bullion dealer with your coin, then will you get cash in hand right away.

Some stores might reject you in the door if the metal is not stamped with the purity, I believe that is why Mark asked about that.

Great to know!

Add the option of just melting it and minting the coin again

If you are going down the destructive route then is a small drill also an option.

There are alternative none-destructive routes (two first will only apply to governmental issued coins):
Ping-test (require experience)
Inspection (require experience)
X-RAY (require experience and equipment)
Ultrasound (require experience and equipment)

I would at least go to a Jeweler/Gold Buyer for an opinion, they may give you more.   

The only problem is when you have to cut the coin in half in order to check that it is not made of tungsten... 

If you stick to coins minted by a governmental mint (like cyclops mentioned) and leave aside bars, jewelry and weird cubes, then are there safe methods to test your gold.
But you need experience, so I you don't have that, then stay away from the gold 2nd market.

This is the reason why I never bought physical Gold before because there is almost no way to tell if what you received is actually Gold.

I would only buy it, if you split it in half and there is no tungsten inside. That's why now, the safer way of buying gold is getting some coins from a reputable mint (Royal Canadian Mint for example) (although these can also be faked).

Correct. I will send first to a trusted member and preferably if you have an active twitter account, we can follow each other there as well during the course of the transaction.

purity looks to to be .995 -

https://instagram.com/p/y5m2z5HDeG/

lol that's cute but i dunno about the purity

I always prefer payment directly than escrow. In escrow there is some problem or hesitation I feel. In this case both of the person needs to be well reputed and faithful.

is the cube stamped with the gold purity or just "10g"

why did you ruin my id arbitrarily try to explain, what do you mean

I am a social media personality and have a bit of a promotional relationship with them. Regardless if anyone trusted wants to purchase this gold cube, let me know. I am featured on their Instagram and Twitter as well, which I can also prove to a qualified buyer.
Anyways, it is late here. I'll be back tomorrow and pop in.

I would think that a coin dealer would probably be somewhat hassle free and that would be why they would offer somewhat low prices for your gold.

If they are not selling any 10g gold cubes, then IDK how they would possibly vouch for you.

And here you go as well: https://www.youtube.com/watch?v=b0QMQwRx1q8

They are not selling any gold Quicksilver publicly and they are not a scam. You cannot purchase any 10g gold cubes yet from Bitgold.

I want Bitcoin not the hassle of going to some pawn shop/coin dealer.



https://twitter.com/bitgoldinc
http://bitgold.com
https://instagram.com/bitgoldinc/

I am not sure why bit gold is willing to sell their gold for under spot they must be a scam site if that is the case.

If you are willing to sell for a loss then it is equally suspicious as you might as well sell to a pawn shop/coin dealer and would probably get more then your asking price and those kinds of places have the expertise to detect fakes

If there is a TRUSTED user who is interested and I can ship to first, I would also prefer a trusted user here who is also a moderate to active Twitter member.

Quickseller, my price is based on a few dollars off of the per gram price on bitgold.com

Comes out to $387.20 - not sure how $7 off is a big red flag?

Also the 10g cube was free given to me by Bitgold which I can also prove to the appropriate buyer.

All that bit gold can potentially do is tell a potential buyer of yours that you did in fact buy gold from them. They have zero way of knowing for sure that what you send your buyer is in fact what was purchased from them.

It should only be a very trusted party that you ship first to. Like I said if you use escrow, there is a very good chance for a dispute and more likely then not the escrow is not going to have enough information to make an informed decision as it is hard to tell what evidence is legit when dealing with physical goods

You are selling for below the spot price (~1209 per once, ~$423 per 10 ounces). This is a huge red flag and only strengthens my above concerns

$380 and I will pay shipping.

What are you looking to get for it?

I also recommend anyone to take a look at the amazing features of Bitgold on their website: https://www.bitgold.com

Fantastic features available for those with Bitgold 10g and larger bullion.

I may be open to sending first to a very trusted user if that is the case, but I think I would still like for the bitcoin to be transferred to a third party prior to me shipping.

Bitgold can vouch for the gold cube for me as well. I can speak to any potential buyers via private message about that. The gold cubes are also going to be redeemable and have the ability to be stored with Bitgold.

I am not sure if places like ANACS are able to grade a gold cube, but if they are then getting it graded would help with making a sale more safe for both parties as the grading service would be able to verify what coin cube that is in their sealed holder, even if it gets a poor grade. Other options involve selling to a coin dealer and/or very highly trusted members of the forum who are trusted enough so that you would be willing to send the cube first for them to inspect and verify that it is intact what you claim it to be, and once verified they can pay you a previously agreed upon price.

Here's a link to bitgolds instagram showing the cubes also: https://instagram.com/p/y5m2z5HDeG/

What do you recommend then? I do feel like I am in a different situation as I own one of the only in circulation bitgold.com 10g cubes at the moment.

bitgold.com


10g gold cube not currently sold to the public yet. I am sure we could figure something out escrow wise being I am one of the few public owners of the 10g cubes.

I don't think this would be a very safe transaction, even with the use of escrow. Even if a buyer was able to sufficiently detect if this is real gold or not (I would think that most people are not) then there is a very high chance there will be some kind of dispute that the escrow will need to mediate and physical goods are difficult to escrow when both of the parties are not reputable because it is very difficult to tell who is telling the truth and to evaluate how credible evidence that both parties present

Pics would be nice.

Purity of gold, .999?

I have 1 10g gold cube for sale from a great new company called Bitgold. Taking offers, will use a trusted escrow. If you would like to be escrow for this transaction please post here and message me.