Buy gold or cryptocurrency

Many Bitcoiners decide to dip their toes into less volatile assets such as precious metals like gold and silver.

More and more bullion companies offer the ability to buy gold with bitcoin with close to no fees, or even discounts.

Exchanging Bitcoin for gold and silver is simple. Let’s look at some options.

GoldSilver is a company founded by Mike Maloney, a well-known precious metal advisor and a best-selling author. It offers precious metal bars, coins and jewelry and ships them directly to the investors all around the world. This company offers purchases via Bitcoin besides other forms of payment. While Bitcoin is set as the main form of cryptocurrency payments, altcoins can automatically be swapped for Bitcoin via ShapeShift or Changelly service providers.

Many sceptics believe the problem with cryptocurrencies is that they are not secure and are just lines of computer code. Gold-backed cryptocurrency is backed (unsurprisingly) by gold; a tangible asset meant to increase the credibility and security of the digital currency. As a form of stablecoin, gold-backed cryptocurrencies have their value tied to gold, instead of a currency like the USD or rubles. Each coin represents a unit of gold (one coin=one gram of gold, for example), which is stored by a third party. The main advantage lies in reducing the cryptocurrency’s volatility since the price of the coin can’t be lower than the current gold rate.

Currency devaluations.

Negative interest rates.

Minimal economic growth.

During such turbulent times, how can diligent wealth-holders safeguard their earnings? Learn more about the benefits and disadvantages to holding cash over gold to make the best decision for your portfolio.

In uncertain times, increasing cash reserves and reducing exposure to volatile financial markets “obviously makes sense,” says John Mauldin of Mauldin Economics. Some seasoned gold holders prefer to limit their exposure to global instability, instead opting to safeguard their wealth with reserves of cash and gold.

Many turn to cash in particular because:

Cash is flexible.

As an opportunistic asset class, cash could give you flexibility when you need it most.

If you want to know where to buy Bitcoin Gold, crypto exchanges are currently the only option you have. Although many are legitimate businesses, exchanges are unregulated, so it’s buyer beware. If you’d prefer to invest in another crypto using a regulated platform, eToro allows you to trade various coins and leading altcoins, including: Bitcoin, Bitcoin Cash, Ethereum and Ripple. Use a Regulated Broker to Invest in Cryptos.

As the technology powering Bitcoin becomes more outdated, developers are looking for new ways to improve the system. In response to this demand for improvements, Bitcoin Gold is now offering a fresh take on the classic crypto. Given how popular its predecessor has become, it seems logical that BTG will have similar success.

2017 is the eighth-straight year in a bull market, but skeptics warn this can’t last forever, with some even arguing that we are mirroring the run-up to the Great Recession. What’s a savvy investor supposed to do?

The traditional move would be to hedge against stock volatility with gold. This has proven an effective method in the past, but a new alternative is challenging the old-school safe-haven. Bitcoin is a flashy new asset with all the properties of a currency, but with some unique features that make it a viable haven. These differentiators, along with a vocal and loyal backing, have led Bitcoin to become an alternative means to reduce exposure to stocks safely.

There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce.

Since Bitcoin was established in 2008, its price has soared.

As a consequence of its increasing value, its acceptance as a method of payment has spread, too.

Since Bitcoin was established in 2008, its price has soared.

As a consequence of its increasing value, its acceptance as a method of payment has spread, too.

Gold has proven to be a stable investment for centuries.

If you buy gold with bitcoin you are less exposed to the volatility risk of bitcoin and you spread your investments among multiple assets classes. This will diversify your investment portfolio and limit your risk.

You can use bitcoin to buy gold and silver at Bitgild.

The only requirement is a bitcoin wallet that is funded with bitcoins.

During checkout you can select the bitcoin payment option and pay directly from your wallet.

At Bitgild you can buy gold and silver with bitcoin and other crypto currencies. Since 2013 Bitgild accepts bitcoin for physical gold and silver purchases such as gold coins and bars. Besides bitcoin you can also pay with other cryptocurrencies like litecoin, ethereum, eos, ripple and dash.

At Bitgild you can exchange your gold for bitcoin.

When you look at both Bitcoin and Gold as investment vehicles, you will note some striking similarities. Both tools are used as a store of value; they are mined (gold involves real mining, while that of bitcoin is simulated); and both are finite.

Gold is one of the oldest precious metals in mankind and has had a long, convoluted history. Since the inception of man, Gold has been largely responsible for creating the concept of money itself. Gold, a material which can be found anywhere in the universe, was first smelted down by Egyptian goldsmiths in 3600 B.C. into artifacts of varying degrees and has since innovated to become coinage and later a safe haven of storage.

The first gold coins date back to 700 B.C. King Croesus of Lydia established the world’s first international pure gold and silver coinage system. Within a few years, by 550 B.C.

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JM Bullion is proud to accept Bitcoin as a means of payment.

Bitcoin is accepted on orders from $100 to a maximum of $250,000.

Making purchases using Bitcoin is both simple and convenient.

Start by adding the desired products to your shopping cart.

Next, select “Bitcoin” as your payment method.

Verify that your order meets the $100 minimum and is at or below the order maximum of $250,000, then click “Checkout Now.” If you have an existing JM Bullion account, you will then be prompted to log in to complete the checkout process.

In 2017 the price of bitcoin reached parity with gold (by ounce) which grabbed the attention of gold investors around the world. With cryptocurrency going mainstream there has been a surge in interest with the concept of gold-backed cryptocurrencies.

The idea of a gold digital currency has always had an appeal for those looking for an alternative payment system. Not long after the internet went mainstream E-Gold emerged as the first digital currency backed entirely by gold in 1995.

Cyrptocurrency vs Gold : Despite all the developments that are happening in the world of cryptocurrencies such as the development of cryptocurrency IRA, precious metal assets such as physical gold and gold IRA still remain the perfect hedge against inflation. Cryptocurrency will never be a superior financial hedge compared to something like precious metal IRA because of the reasons below.

Just like fiat currency, cryptocurrencies do not have a physical backing.

They exist in thin air.

It might look like cryptocurrencies have an artificial constraint but there are doubts about that considering that the software behind a cryptocurrency is a human invention.

On the other hand, precious metals are natural.

There is a fixed amount of silver on planet earth.

That makes silver IRA to be superior to a Bitcoin IRA.

Gold has universal acceptance.

Trading and investing in cryptocurrencies involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies and futures may fluctuate, and, as a result, clients may lose more than their original investment. The information provided below does not constitute trading advice.

Cryptocurrencies have had a storied history. They began with Bitcoin being a currency of the dark web before they were dragged into the mainstream thanks to astronomical price rises. These gains quickly attracted traders and investors who looked to leverage the emerging market for massive profit.

Some succeeded, many failed dismally. all the while the price of Bitcoin skyrocketed to $20,000…

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