RE: How to exchange your Steem Dollars to Bitcoin then to Gold

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How to exchange your Steem Dollars to Bitcoin then to Gold

in steemit •  8 years ago 

Or you can bypass all of this and download bitshares.org (built in part by the Steemit.com devs) and convert straight to bitGOLD smart tokens pegged to real world prices and safely in your possession as it's a truly decentralised platform.

I'm against trusting 3rd parties with any precious metals.

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Exactly. I never heard about Goldmoney , and how trustworthy they are. Probably you are here for earn extra referal commission. Either buy Bitgold or the tangle gold. And keep them in a secure vault.

Agreed. Why have someone handle physical gold when I can trade instantly through a pegged digital smart token.

Goldmoney has 1.1 million account over a billion in assets and is traded on the Toronto Stock Exchange. Peter Schiff recently sold his company Schiff Gold to them and is now working with them. They have vaults around the world so when you make a deposit there is actual gold deposited in your name. So even if the company were to fold that gold is yours.

That's all well and good but from a dentralised and security POV, bitgold traded via bitshares.org platform beat it hands down in every department.

Interesting to note that during GFC, Gold wasn't the best bet in terms of profit...

  ·  8 years ago (edited)