HODLing Bitcoin is great.
Holding Gold is awesome.
But when you can hold both- Bitcoin & Gold? That’s when you can preserve your wealth !!
Not getting it??
Well, then let me explain you with a set of questions.
- Do you want to preserve your wealth?
- Are you ignoring Bitcoin and Gold?
- Do you own any of these-Bitcoin or Gold?
If your answer is Yes (!) to any of these questions then stick with me here and look:
All I want to say is if you don’t own one of these, Bitcoin or Gold and what to build/preserve your wealth then you should not discard either of these.
I know many millennials like you and me are only drawn to Bitcoin, which is excellent…
But it’s a no-brainer to discard gold.
It is absurd for baby-boomers to write-off Bitcoin. So, for now, I will leave baby boomers with this guide on investing in Bitcoin.
On the other hand, the millennials reading this should just make up their mind to hold some gold also because gold has enjoyed the status quo of sound money from 1000s of years.
So don’t get left behind and trade some of your BTCs for gold.
Wondering !! How to do that?
Well, here are a few ways:
Buy Gold With Bitcoin Anywhere
Some popular services allow you to trade your bitcoins for gold and here are those:
The simple truth is:
Bitcoin and Gold both are an excellent hedge against inflation but we also know that Bitcoin is volatile.
That’s why buying some gold in your portfolio for BTC is a good way of enjoying the stability of gold powered by the agility of Bitcoin.
And guess what?
Vaultoro does this for you.
Vaultoro is the first #bitcoin allocated #gold order book exchange. Audited, insured & public proof of over 100% reserve using the #blockchain.
It gets better:
- Here you can buy low volumes of gold easily (as low as 0.001 grams)
- You get the option of withdrawal where you get you real physical gold in your possession or can sell it again for BTC.
- Get Swiss grade security for your physical gold.
Of course, this all attracts a fee but believe me it is nominal.
Here is what you need to do:
Step #1. Go to Vaultoro.com and sign-up to create an account. You will be required to use your email and set a password here.
Step #2. Now you would have got an email from Vaultoro to verify your email. Get your email verified by clicking on the link given in the email and then click ‘Continue.’
Step#3. Upon clicking ‘Continue,’ you will be taken to Vaultoro exchange page where you should click here and get your account verified.
Step#4. Upon clicking on ‘here’ as shown in the above image you will be taken to fill a simple KYC form. Fill this form and upload relevant documents to get yourself verified ASAP.
So you see, this is how you can buy/sell gold for BTC easily through Vaultoro.
#2. JM Bullion
- Buying Gold & Silver With Bitcoin
JM Bullion is another reputed service through which you can buy gold with BTC.
And believe me, if you are in the US this service is for you.
JM Bullion is an online retailer of Silver & Gold.
You can order 24×7 from here and always get FREE SHIPPING. Not only this you also get 100% fully insured gold/silver bullion delivered discretely to your door within the USA for BTC.
What could be better?
Even I thought that, but that’s when I learned that JM Bullion also offers a 3% net discount on total cart value if you choose to pay with BTC.
Note: This discount is also available when you choose to buy silver for gold.
Yes, you read that right and here is how you can do so:
Step #1. Go to JM Bullion.com and click on ‘Register’ to make an account for yourself.
Step #2. Now you can browse their offering section where you will gold and silver bullion of huge variety to add in your cart. For example, here I am adding ‘1/10 oz American Gold Eagle (Random Year, BU)’ in my cart:
Step #3. And when you ‘Add to Cart’ and click on ‘Checkout’ you will be able to see Bitcoin/Bitcoin Cash as the mode of payment.
- Note: This is the same way you can select silver bullion and buy silver in exchange for BTC.
Conclusion: Purchase Gold & Silver with Bitcoin
Both Gold and Bitcoin are investments for wealth creation, and wealth creation takes time.
And I think we all agree on this.
Of course, keeping aside the early pioneers of BTC or Gold who bought both of these assets cheaply but let me be honest with you:
You have not yet missed the boat as elucidated by many online and there is indeed a lot of room for both these assets to grow in the future.
Either way, you are winning!!
Because if you are holding BTC already, this is a great way to diversify your portfolio into gold and silver directly without using cash or selling your BTC for cash and then buying gold.
So what does all this mean?
It means you should have both Bitcoin and Gold for your rainy day. Our trusted service is Vaultoro and JM Bullion. What’s yours? Do share it in the comments below 🙂
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.