How to Use Bitcoin to Invest in Gold

How to Use Bitcoin to Invest in Gold

Renowned stockbroker and libertarian Peter Schiff enables investors to purchase gold and silver using BCH and BTC, via Schiffgold.com, and to take physical delivery of it. Buying precious metals doesn’t have to necessitate assuming custody of course – in fact in most cases it doesn’t. Yield-bearing crypto company Kinesis has initiated an EU and U.K.-wide debit card program with Contis Group, using real assets of gold and silver as the basis for digital currencies, which have a 1:1 allocation with physical bullion, essentially making gold spendable.

Another way of obtaining exposure to gold without ever setting eyes on an ingot is through Currency.com, which enables tokenized commodities to be traded including spot gold, at up to 100X leverage, using BTC or ETH. Like bitcoin, gold can assume many forms for investors, with derivatives, synthetic products, and third party custody taking precedence over non-custodial solutions. There’s the Digix gold token (DGT), for instance, tradable on various cryptocurrency exchanges, each unit of which represents one gram of gold.

Sourced through Scoop.it from: news.bitcoin.com

By | 2019-06-10T10:14:20+00:00 June 10th, 2019|Scoop.it|0 Comments

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