Bitcoin Sold, Gold Bought! Part 2

in bitcoin •  7 years ago 

Well, I sold 1 of my bitcoins and bought some gold, taking advantage of the high bitcoin price and low gold price. here is the second part of what I bought

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Awesome job diversifying and with good timing

think I got it right time will tell

So in conclusion experiment success?

Sov.

Lovely chunky bit of bullion. I'm curious, are there places in the world where you can pick up gold way under spot price (as we know it) because of the relative strength of currencies involved, or is gold always sold at the exact amount using midmarket ForEx rates no matter what fiat you throw at it? I mean I can probably buy a car from certain places and have it shipped here cheaper than buying one off the lot. Does anyone do that with PMs?

it can be arrange, that bar cost be just £4k and it comes in at 5.18oz's which is not bad.
You should be able to buy from EU Cheaper than UK

Any place you could recommend Regal?

Sov.

beautiful buddha bar its a beast!! looks much nicer to hold than a bitcoin paper wallet :)

It is and you can get cash quicker if you want cash in Bitcoin can take 3 or 4 days cash in gold takes me 3 or 4 minutes slight difference

True that that is the biggest downside of Bitcoin I reckon!

Sov.

Very nice bar there bud!

its a Bute, I think everybody should have one

Mine will take a few more years to achieve...

Sov.

hmm.... interesting....
Thanks for sharing ....
upvoted and followed...!!!

Thanks, Gold is a real safe haven but like the profit on cryto's

It makes sense in cashing in profit from cryptos into gold.

Sov.

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To get the profits you had in something that is not tangible (criptocurrency) and transform it in GOLD is an ecstasy. You must be very proud of it. SOV.

Totally agree with you strategy is cashing out from cryptos and save the profits in gold.

Sov.

upvoted!