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

[agent006140]

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]

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]

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]

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

[agent006140]

Originally Posted by phaz0rz

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]

Originally Posted by nickopedia

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]

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

[phaz0rz]

Originally Posted by agent006140

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.