BitGold - You in? (1 Viewer)

[Slapdash]

http://about.ag/BullionDirect.htm

Bullion Direct (another store your gold type place) shuttered.

There are so many examples of places that store PM and go under that I'd think a lot of people are very gun shy, regardless of the investors.

Above board auditing is key.

 

[The Big Guy]

http://about.ag/BullionDirect.htm

Bullion Direct (another store your gold type place) shuttered.

There are so many examples of places that store PM and go under that I'd think a lot of people are very gun shy, regardless of the investors.

Above board auditing is key.

How do we know for sure that the company actually is covered by Brinks insurance for customer gold deposits? Talk is cheap and I would imagine that the folded Bullion Direct had claims too.

What do you guys think about this I pulled from Fatwallet... BitGold advertises storage of gold with no fees -- that's exactly what Bullion Direct did (it's a huge red flag). Can you name any advantage of BitGold over any other Internet company for buying metal? A company like APMEX that ships within 1-2 days of cleared funds tends to be the safest option in my opinion.

And in case you were not aware, there was some sort of connection between Bullion Direct and BitGold (Bullion Direct, through their subsidiary Nucleo Development, owned the bitgolddirect.com and bitgolddirect.us sites. You can see at http://www.networksolutions.com/whois/results.jsp?domain=bitgold... that the domain is registered to Nucleo Development. I have *no* reason to suspect any wrongdoing on behalf of BitGold (I have not yet investigated them), but thought it would be worth pointing out.

 

[General Malaise]

I'm not at all worried but I'm a shareholder as well as a customer.

 

[The Big Guy]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

 

[General Malaise]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

I'm not at all concerned, no. I don't think this is a scam. I think the gold is there.

 

[Gawain]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

I'm not at all concerned, no. I don't think this is a scam. I think the gold is there.

After Tulving, after Bullion Direct, "I don't think it's a scam" doesn't cut it.

A lot of people have been burned. I'd like to be onboard, but I can't see why this is preferable to bit coin for anonymous trading and I can't see this being the first option for a gold holding company. I don't remember, are they registered as a PM IRA holding company?

 

[Mr. Retukes]

Will they at least send me pictures of the gold that I bought?

 

[General Malaise]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

I'm not at all concerned, no. I don't think this is a scam. I think the gold is there.

After Tulving, after Bullion Direct, "I don't think it's a scam" doesn't cut it.

A lot of people have been burned. I'd like to be onboard, but I can't see why this is preferable to bit coin for anonymous trading and I can't see this being the first option for a gold holding company. I don't remember, are they registered as a PM IRA holding company?

Doesn't cut what? If you don't like it, don't buy it. Seems pretty simple.

 

[Binky The Doormat]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

I'm not at all concerned, no. I don't think this is a scam. I think the gold is there.

After Tulving, after Bullion Direct, "I don't think it's a scam" doesn't cut it.

A lot of people have been burned. I'd like to be onboard, but I can't see why this is preferable to bit coin for anonymous trading and I can't see this being the first option for a gold holding company. I don't remember, are they registered as a PM IRA holding company?

Doesn't cut what? If you don't like it, don't buy it. Seems pretty simple.

So what do interested buyers do to ensure the gold is there? Are there independent audits on file?

 

[General Malaise]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

I'm not at all concerned, no. I don't think this is a scam. I think the gold is there.

After Tulving, after Bullion Direct, "I don't think it's a scam" doesn't cut it.A lot of people have been burned. I'd like to be onboard, but I can't see why this is preferable to bit coin for anonymous trading and I can't see this being the first option for a gold holding company. I don't remember, are they registered as a PM IRA holding company?

Doesn't cut what? If you don't like it, don't buy it. Seems pretty simple.

So what do interested buyers do to ensure the gold is there? Are there independent audits on file?

https://www.bitgold.com/transparency

 

[Binky The Doormat]

I'm not at all worried but I'm a shareholder as well as a customer.

Not being snarky, but shouldn't that make you twice as concerned that they are above board? I like that it is a listed stock that has to have audited balance sheets and I would assume that also means inventory audits, but what prevents them from saying that you gold on storage with them is part of their gold, or that your gold even exists, since they carry customer's gold under a different entity?

I'm not at all concerned, no. I don't think this is a scam. I think the gold is there.

After Tulving, after Bullion Direct, "I don't think it's a scam" doesn't cut it.A lot of people have been burned. I'd like to be onboard, but I can't see why this is preferable to bit coin for anonymous trading and I can't see this being the first option for a gold holding company. I don't remember, are they registered as a PM IRA holding company?

Doesn't cut what? If you don't like it, don't buy it. Seems pretty simple.

So what do interested buyers do to ensure the gold is there? Are there independent audits on file?

https://www.bitgold.com/transparency

thanks!

 

[General Malaise]

Nice little move today. Trading $4.40 CDN.