thing is, he has been outspokenly anti bitcoin for a while, calling it ponzi scheme, pyramid scheme etc.
its good to see him coming around.
Topic: Peter Schiff comes round to bitcoin - EuroPac now use bitpay / btc for PM's - page 2. (Read 1663 times)
May 21, 2014, 10:57:56 AM
May 21, 2014, 10:48:32 AM
Schiff sells allocated gold certs which are held in the Perth Mint in australia. So they are actual gold bars but I don't think he deliver an actual physical bar to you.
May 21, 2014, 10:39:48 AM
A bit offtopic perhaps but:
The gold price is said to be manipulated by people selling "paper"-gold. Which means, people own gold as an investment on the paper but don't actually hold it themself. And then supposedly the big holders are selling a lot more gold than they actually have thus keeping the price down.
I've listened to hours of Peter Schiffs radio and other talks n rants but I just realized - isn't he one of them?
Or is his company actually shipping out physical gold to their customers?
The gold price is said to be manipulated by people selling "paper"-gold. Which means, people own gold as an investment on the paper but don't actually hold it themself. And then supposedly the big holders are selling a lot more gold than they actually have thus keeping the price down.
I've listened to hours of Peter Schiffs radio and other talks n rants but I just realized - isn't he one of them?
Or is his company actually shipping out physical gold to their customers?
May 21, 2014, 10:16:42 AM
Serial bitcoin sprayer Peter Schiff has, commendably, done a 180 and now accepts bitcoin as payment for PM's.
http://blog.europacmetals.com/2014/05/euro-pacific-precious-metals-now-accepts-bitcoin/
This is a fine example of someone formerly so staunchly opposed to bitcoin / blockchain tech accepting crypto's merits
Interesting to note in the blog post how CC fees and slowness of transfer were part of the reasoning..
http://blog.europacmetals.com/2014/05/euro-pacific-precious-metals-now-accepts-bitcoin/
This is a fine example of someone formerly so staunchly opposed to bitcoin / blockchain tech accepting crypto's merits
Interesting to note in the blog post how CC fees and slowness of transfer were part of the reasoning..
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