There is no denying that we have entered into one of the most unprecedented times of our lives, especially as investors. The stock market is at all-time highs, while at the same time the new commodity on the block, Bitcoin, has also reached all-time highs and this has occurred simultaneously. What a year 2017 has been, to say the least.
For years, the trend has been to protect your gains from the stock market by cashing out and acquiring precious metals, such as physical gold and silver, to safely and securely store hard-earned profits. Now the same trend is emerging in the cryptocurrency space. Huge gains have been made by early investors of bitcoin and other coins and they are now looking for a less volatile and more secure investment to off-load their wealth.
One of the most responsible ways to do this, is again, purchasing precious metals, such as gold, silver, platinum, and palladium with your Bitcoin. Basically, as people profit from cryptos, smart investors and those wanting to preserve their crypto windfall, are all looking to buy gold with bitcoin.
There are currently only a handful of experienced precious metals companies that are able to make this transaction securely. The most experienced leader in this field, and our top recommended company, since 2012 has created a seamless process and transactions are completed within minutes making you able to buy gold with bitcoin the same day.
They have recently won the 2018 International Bullion Dealer of the Year Award.
If you are a successful cryptocurrency investor looking to lock in your gains and at the same time do not trust the dollar or central bank issued currencies, then diversify your holding by buying gold or other precious metals with your Bitcoin.
How Does the ‘Buy Gold with Bitcoin’ Process Work?
The first step of realizing your goal of selling bitcoin for gold is to find a gold seller or bullion dealer that accepts Bitcoin (my top recommended company also accepts the other major cryptocurrencies Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, and Monero and contact them to trade literally any tradable crypto).
Simply fill out their online setup form here.
Next, they’ll process your request within 24 hours and their Bullion Investment team will get in touch with you to further discuss your options and the procedures to move your funds. You can ask any other questions, with no obligation and no hassle.
They will ask you how you would like to transfer funds to your new account. When the funds have been fully received, they’ll fulfill your order based on the bullion bars and/or coins that you have selected. If you are not sure what the best investments are currently, just ask and they’ll provide you with expert guidance.
Right now you’re probably thinking…once I own my gold…
Can I Store My Gold Anywhere?
Pretty much. The company we’re recommending has vaults in almost every developed country in the world. Some countries contain up to seven vaults that you can choose to store at if you wish.
To find out if there is a vault near you call their toll free number 1-855-712-2993 and just ask one of their helpful account executives.
Rather than storing your metals in a safety deposit box at your bank (avoiding the reliance on banks), our top recommended way to store your precious metals is in one of their vaults, you obviously still own your gold and can have them sent from your storage account to you physically any time you want. To receive your metals in your hand all you have to do is put in a request with your account rep and they’ll initiate your transfer and send out your metals the same day.
Allocated Storage is Important
If you end up storing with your broker/ dealer, just make sure your storage account is “allocated”. When you’re storing your precious metals in allocated storage this means that you are the direct owner, not the broker/dealer or any third-party. Make sure your custodian has no ownership rights or interests and that your receipt is your title to your metals which are owned by you and stored on your behalf.
Worldwide Delivery of Precious Metals
Your precious metals should be able to be sent to you if you are located in a developed country using transport companies like Brink’s, Loomis, G4S, and Transguard.
To find out if they’ll deliver to your location, call 1-855-712-2993
Once you receive your metals you’ll want to store them in a safe in your home that you can hide or a safe deposit box at your local bank. You can access your deposit box six days a week at your local bank and can also store other valuable items.
The great part about storing your gold this way is that you are not required to disclose the contents of your safe deposit box to your bank. This is one of the better ways to store your precious metals and is actually the most economical way but not exactly the most secure because of the reliance on a bank once again.
Last Reminder
Remember that if you have made significant gains from crypto investing, then buying gold with bitcoin is a good investment approach, it also allows you to protect while diversifying your portfolio. Bitcoin will always have the potential of revisiting its highs and is always capable of continuing to make substantial gains.
The important thing is to take your profits off the table and realize your gains by purchasing precious metals. Taking profits as they come is what savvy investors do, and the wise strategy to buy gold with bitcoin is protecting your profits with an asset that has kept its store of value for thousands of years.
