Author

Topic: Safest company/coin/country to buy and hold Gold? (Read 863 times)

sr. member
Activity: 336
Merit: 251
Also have a look at BullionVault.com

Gold bought through them can be stored in several different location and you may also take possession if you so wish.

All gold in their vaults are audited daily and the audit is made public on their website.

Just a pity they do not accept bitcoin..... yet
hero member
Activity: 952
Merit: 513
Gold is like Bitcoin.
And like Bitcoin in order to truly own it you need to be the sole controller of the private key.
In this case, physical acquisition.
hero member
Activity: 644
Merit: 500
If you want to anonymously buy and hold gold, go to a dealer and buy the physical for cash.

If you want to own certificates representing your gold ownership, probably can't be bought and held anonymously, at least not from anyone reputable. They need your info for tax reporting and for account validation.

In the U.S., there are companies like sunshine mint (www.sunshinemint.com) that let you buy into pools of u segregated gold, basically gold in certificate form. But the costs are quite a bit more than simply buying shares of GLD or IAU, largely due to the economies of scale.
legendary
Activity: 2436
Merit: 1561

A quick look at their site shows the Gold is stored in Switzerland. Maybe in the past Switzerland has been neutral in times of war etc but I personally wouldn't rely on that as part of the EU block which is more than likely to go tits up in the coming years.

Switzerland is not in EU and never was.
legendary
Activity: 1106
Merit: 1000
I see those 5 services at best as scam, as BS at worst.
A better way is to travel to Geneva or Zurich, sell your BTC there via localbitoins and buy gold with the cash.
Then it's easy to store your gold there in a vault.



While I don't know those companies isn't having a gold certificate stored on the blockchain pretty secure, well as secure as and ownership of Gold in a vault ultimately? I mean if you have the claim on a well run vault in a 'safe; country thats quite safe, I mean its not an ETF or something that is ownership of nothing.

Sure holding is ideal but its not always practical plus tax is an issue in most countries.


What are the safe countries if you have stored gold anyway? I'm thinking Asia is the safest, maybe Hongkong or Singapore. I could see confiscation happening anywhere in Europe.
legendary
Activity: 1106
Merit: 1000
Anyone knows Amagi Metals? they seem to be doing a hell of a job, and they are Bitcoin exclusive. I would help brands like this. You are buying metal, and helping BTC at the same time.

They're well known. I haven't bought from them yet as intercontinental shipping (to UK) makes it less attractive, but they have good opinion.

AM official thread:

https://bitcointalksearch.org/topic/amagi-metals-best-prices-of-gold-silver-for-bitcoins-130831

But where did you get the 'bitcoin exclusive' info from? From what I remember they said they hope to switch to bitcoin-only in the next few years but other payments are still shown on their website.


A quick look at their site shows the Gold is stored in Switzerland. Maybe in the past Switzerland has been neutral in times of war etc but I personally wouldn't rely on that as part of the EU block which is more than likely to go tits up in the coming years.
hero member
Activity: 770
Merit: 500
Anyone knows Amagi Metals? they seem to be doing a hell of a job, and they are Bitcoin exclusive. I would help brands like this. You are buying metal, and helping BTC at the same time.

They're well known. I haven't bought from them yet as intercontinental shipping (to UK) makes it less attractive, but they have good opinion.

AM official thread:

https://bitcointalksearch.org/topic/amagi-metals-best-prices-of-gold-silver-for-bitcoins-130831

But where did you get the 'bitcoin exclusive' info from? From what I remember they said they hope to switch to bitcoin-only in the next few years but other payments are still shown on their website.

I have bought silver from Amagi Metals as intercontinental shipping once and can only recommend their services and high quality goods. I think the owner has an account here on the forums.

legendary
Activity: 2436
Merit: 1561
Anyone knows Amagi Metals? they seem to be doing a hell of a job, and they are Bitcoin exclusive. I would help brands like this. You are buying metal, and helping BTC at the same time.

They're well known. I haven't bought from them yet as intercontinental shipping (to UK) makes it less attractive, but they have good opinion.

AM official thread:

https://bitcointalksearch.org/topic/amagi-metals-best-prices-of-gold-silver-for-bitcoins-130831

But where did you get the 'bitcoin exclusive' info from? From what I remember they said they hope to switch to bitcoin-only in the next few years but other payments are still shown on their website.
hero member
Activity: 728
Merit: 500
You asked where to buy from ? This depends on your physical location to see what company suits you more to deliver your easily.For storing to save Gold more securely there is no place than your home.Find some hidden and usual place and hide there well.
newbie
Activity: 59
Merit: 0
Check out http://vaultoro.com

They claim to be what you're looking for, safe audited physical reserves which you can have delivered anytime and which stay safe even through periods of war/unrest.
legendary
Activity: 868
Merit: 1006
Anyone knows Amagi Metals? they seem to be doing a hell of a job, and they are Bitcoin exclusive. I would help brands like this. You are buying metal, and helping BTC at the same time.
sr. member
Activity: 728
Merit: 256
search for BitGold inside BitShares, are the best ones.

Those are very risky and has third party dependency. Ok for trading, but not for holding...
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
I see those 5 services at best as scam, as BS at worst.
A better way is to travel to Geneva or Zurich, sell your BTC there via localbitoins and buy gold with the cash.
Then it's easy to store your gold there in a vault.
legendary
Activity: 1540
Merit: 1000
Don't ever buy gold certificates or ETF's, even the most well known gold bugs advise against them, make sure to buy the physical stuff yourself, you're better off buying a simple fireproof safe and storing it at home than trusting anyone else with it. Banks and financial groups for the past century have become experts at scamming people by making them think that the paper they sell can always be redeemed for gold, they play with anything deposited or bought in the background and you're the one that has to deal with the cost if they make any mistakes.

Sure, you could maybe have some sort of guarantee at least for awhile that people with security guards and such will take care of any of your precious metals for awhile, but chances are they might end up pissing off the wrong people and then they're going to lose it all anyway.
legendary
Activity: 2436
Merit: 1561
Switzerland was considered the safe country for storing assets, but AFAIK that's no longer the case.

Why not buying physical gold and keep in in your own possession? You could buy small quantities from different trusted sellers and accumulate large holding.
legendary
Activity: 1176
Merit: 1000
search for BitGold inside BitShares, are the best ones.
legendary
Activity: 1106
Merit: 1000
I did a search and gave up after 5 mins. I saw this article and got thinking about buying gold certificates with Bitcoin and holding them. But I wonder how safe the vaults are and what country and company is less likely come a global reset to not confiscate your gold?

http://cointelegraph.com/news/114175/top-5-ways-to-own-and-trade-gold-with-bitcoin


*Plus be the most anonymous?
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