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agent006140

10-05-2019 03:45 PM

buy gold bar using Bitcoin/Bitcoin cash on wmt.com

holy molly,several large precious metal dealers are selling gold coin,gold bars,silver etc on WMT.Com.
But if you go to APMEX website,it accepts cash,wiretransfer,bit coin,bit coin cash and cc/paypal

nickopedia

10-05-2019 10:14 PM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

Although APMEX is reputable, their premiums (spreads) are wayyyy too high. I prefer to deal with small mom & pop type gold dealers in my town who don't charge more than about 2-3% over spot price.

phaz0rz

10-06-2019 07:50 AM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

JMBullion also accepts BTC. Their BTC price (for metals) is higher than their ACH price but lower than their CC price. Seems like an excellent way for online drug dealers to liquidate cryptocurrency.

rsot	10-06-2019 01:42 PM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

Kind of doubtable that it will go all the way to 3k no?

agent006140

10-06-2019 07:43 PM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

Quote:

Originally Posted by phaz0rz (Post 1039160)

JMBullion also accepts BTC. Their BTC price (for metals) is higher than their ACH price but lower than their CC price. Seems like an excellent way for online drug dealers to liquidate cryptocurrency.

I looked into JMBillion,their prices are higher than APMEX.
What do all these dealers do with their bit coins?
they aint stupid,so they must have a way to get rid of them without losing a dime?

agent006140

10-06-2019 07:51 PM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

Quote:

Originally Posted by nickopedia (Post 1039100)

Although APMEX is reputable, their premiums (spreads) are wayyyy too high. I prefer to deal with small mom & pop type gold dealers in my town who don't charge more than about 2-3% over spot price.

so spot is 1513.50 now,do you mean mom and pop will sell it to you at 1558.905??
There is a better way,a Florida bucketshop used to advertise in WSJ,they will sell you gold direct from gold mines in Central America,but you have to wait like 3 months.

agent006140

10-06-2019 07:52 PM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

https://www.apmex.com/product/12475/...condary-market.

phaz0rz

10-07-2019 06:20 AM

Re: buy gold bar using Bitcoin/Bitcoin cash on wmt.com

Quote:

Originally Posted by agent006140 (Post 1039318)

I looked into JMBillion,their prices are higher than APMEX.
What do all these dealers do with their bit coins?
they aint stupid,so they must have a way to get rid of them without losing a dime?

They're all using payment processors that convert the crypto to fiat currency at the time of purchase.

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