The objective of this post is to determine if it is better to buy silver through Goldmoney or through a pawn shop.
But first let me remind everyone I have a LIVE giveaway going on RIGHT NOW:
https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-500-steem-giveaway-part-i
As metal enthusiasts know typically you have to use FIAT (ugh) to purchase metal at a pawn shop. So first thing first I pulled out this bill to prepared for my silver acquistion:
Here is the ACTUAL photo of me doing so:
Yes, that’s right, I am being forced to touch fiat for the purposes of this demonstration.
Notice the ATM is even making fun of me. Clearly it has no interest in this form of currency either.
Onward! Ahhhh the pawn shop, a place #steemsilvergold Community is very familar with!
There’s always some interesting things to look at at the pawnshop.
And random stuff.
Some gold......
But today we are here for one reason.
After taking a close look:
And dazzling the staff with a shiny 18k gold Goldmoney card (there is a silver version also, first revealed on steemit here: https://steemit.com/steemit/@goldmatters/an-unboxing-like-you-have-never-seen-before )....
We struck a deal! Note the difference in facial expressions when handling the fiat again...
I bought 10 silver maple leaves for $200 USD all in including CA sales tax. Actually a good deal. Could Goldmoney finally have met its match???
I ended up shipping these maples out as a Christmas gift. Here’s a few as I was picking them out.
Here is the current spot price of silver on 12\02\17 ($16.53 USD) from the Goldmoney website: https://www.goldmoney.com/w/goldmatters
Here is my receipt for the Maples:
And now enter the undefeated champion Goldmoney!
After logging in to Goldmoney and selecting silver and 10 oz....
We pick a vault....
Review our order and see that we are paying 0.05% over spot!
Order placed!
Goldmoney has retained its title as the winner! Goldmoney allows you to buy 100% allocated silver at a much lower premium than silver coins.
Goldmoney is the champion once again. Even these guys would have to agree:
With the $ I am saving with Goldmoney, I can get the rest of my Christmas shopping done!
Thanks for reading,
Goldmatters
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
For Mene 24k investment jewelry here: http://Mene.com/invite/JrT26p!
I am on a personal mission to spread the word about Goldmoney through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
Read more about Goldmoney:
https://steemit.com/funny/@goldmatters/goldmoney-hat-celebrity-sightings
https://steemit.com/steemit/@goldmatters/relationshipsmatter
https://steemit.com/money/@goldmatters/the-flagship-goldmoney-branch-in-toronto-is-now-open
https://steemit.com/story/@goldmatters/happy-halloween-from-goldmatters
https://steemit.com/money/@goldmatters/24k-investment-gold-and-platnium-jewelry-from-mene
https://steemit.com/steemit/@goldmatters/an-unboxing-like-you-have-never-seen-before
https://steemit.com/story/@goldmatters/goldmoney-vs-california-gold-scratcher-lottery-ticket
https://steemit.com/sports/@goldmatters/goldmatters-meets-a-golden-state-warrior
https://steemit.com/blog/@goldmatters/panning-for-gold-vs-buying-gold-from-goldmoney-a-unicorn
https://steemit.com/money/@goldmatters/game-of-thrones-and-goldmoney
thx again.. I made some pictures yesterday.. Soon I post a goldmoney comparison ;-) #GOLDMONEYISEVERYWHERE
Awesome! Great hashtag Rival!
hashtag will go viral soon... At least we have the blockchain to see how it all started.. Have a great weekend
Yes!!
Great post and very entertaining! @goldmatters. .05% over silver spot is unbeatable! I laughed at the ATM "Take Your Cash" comment. You did an excellent job of taking us along for the experiment! I believe that you won your own contest (again) haha. p.s. That thousand spot is cool, I rememeber my Dad showing me $500 and $1,000 bills when I was a younger @jbcoin. Great Job!
Thanks @jbcoin, you are always so supportive and you are an awesome guy! Glad you enjoyed my post :)
Very convincing post, thanks.
Thanks
@goldmatters I like buying physical Silver more while creating relationships with shop owners. It is like a Treasure Hunt for me to go around to different stores.
So true
I'm going to play the devil's advocate here because I want to learn about Goldmoney.
Why would you buy gold or silver that you can't physically hold? How do you know the gold is actually there? How will your funds be guaranteed when something happens to the gold?
Sure the buying process is easier and cheaper, but to me it seems there are some pros and cons to both ways.
Great questions! A lot of clients have simular questions. All of the metal in the vaults is insured and also audited by a 3rd party. Goldmoney clients often do a “self audit’ by redeeming some of their gold physically by having it shipped to their house. And many people DO own silver and gold both in their possession and through Goldmoney. There is no rule that you cant have it both ways, with part of your precious metals ‘in your hand” and part protected by armed guards in vaults :) I also like to remind people that the dollars in your bank account propose a very simular set of questions for many.
Thanks for the explanation! Sounds very good. That last part is also very true, sadly.
Steem on!
very good work
best of luck
Thanks
descent analysis, @goldmatters
Thanks!
that will be a lot presents 😊 but good you make other people happy with some Nice gifts!!
Thanks! I hope you participate
when you do a contest of most stupid mistake people can make selling their silver , i will be in it, and probably win. The contest you are running, is not for me. I will never be able to commerce the difference words would not say enough and what is more commerce than reading the content of the site ?
That indeed does looks like the champ is again the Goldmoney and better good price from goldmoney or get it from pawn shop ;)...'
And yep seems like that way buddy about the christmas!
Thank you for reading!
Always welcome buddy !
I really want to invest some mony into gold or silver. But unfortunately I don't have any money that I could invest.
With Goldmoney it is possible to own gold or silver in very small increments, so instead of having to own a whole coin or bar, you can own just a few grams.
This post has received a 6.26 % upvote from @booster thanks to: @goldmatters.
Great
It's awesome that you can also get access to silver as well as gold, thanks for spreading the info dude, your a champion, cheers mate.
Thank you I appreciate your enthusiasm @silverbug !
He did look very impressed with your Gold Card! Great comparison! 0.05% is basically negligible :)
Thanks for reading as always @owenwat!!
i don't think i need to say who is better we already know it ;)
Aw come on.... say it!! :)
So is Goldmoney mailing you 10 ounces of physical silver, or are they "holding it for you" in one of their vaults? Any clarification would be greatly appreciated. Thanks for the education!
All client assets are segregated, fully-reserved (1:1), and securely stored in insured vaults around the world.
Lots more information here! Www.goldmoney.com
Great Post and win for GoldMoney, but can you send the silver bought from GoldMoney as Christmas gifts?
Also, many states have dropped sales tax on coins / bullion.... where are you ? oh, california, I understand now...
Thank you for reading Goldkey! Most clients don’t use Goldmoney in that way. But Goldmoney does provide some unique benefits to client such as the ability instantly transfer gold and other precious metal value to anyone without charge via their Holding number! https://www.goldmoney.com/holding-metal-payments-and-business-tools
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Thanks stax
goldmoney was way quicker hahha pawn shop shocked
Yes exactly!
Gold money wins once again! And still the intercontinental champion!
Now to unify the title!
With goldmoney you save both time and money !!!
Thats exactly right !
gold money is everywhere you can buy on the run too :)
#goldmoneyiseverywhere
loved the comparison
Thanks so much for reading
the photographs were very good
Awesome thanks
this comparison was awesome and right too :)
Thank you!
Hi!
You've made a lot of good posts that are clearly boosting Goldmoney.
I've got a Goldmoney Personal acct with Goldmoney Mastercard. I would like to take advantage of some of the new features offered in their new Goldmoney Holding accounts and have signed up for a holding acct acct. (clunky process)
The Equifax verification process is a nightmare for US citizens (can't do online)
It is much more tedious and customer effort demanding than any verification process from Banks, Brokerage, or Crypto Exchanges that I know of.
If anyone has an input to Goldmoney Management; They need to tell them to streamline their process ASAP!!!! I've only been able to speak to 1st level clerks in customer service.
Goldmoney is an interesting idea for sure. Good alternative to a number at a bank, and much better prices than the pawn shop. Something to be said about holding the metals in hand, I can see why there might be a premium for that. @ironshield
Feel free to enter my giveaway where I am giving away STEEM https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-500-steem-giveaway-part-i
Oooh, time to do some homework! Thanks for the invitation. @ironshield
Good luck!
upvoted great post mang...you know what looks better than gold and silver right now is THOSE GUMMY BEARS hhahaaaa
Totally, and we can bite the “gold bears” heads right off!
My daughter loves gold-bears! Also, I noticed you were charged sales tax for your silver purchase. If you had bought Silver Eagles instead of the Canadian bullion would the transaction have been tax free in California? Resteemed to my 4400 Silverbugs!!
Thanks Paul! Unfortunately there would be taxes on eagles as well but FORTUNATELY Goldmoney is the champion!! :)
10 BTC/OZ will be the rate after the dollar is cut out by a monumental shift in consumer economic activity, the laws wear thinner by the day... I want to write for your contest but I don't know enough about the company "goldmoney" to do so.
You can use the website to research if you would like to enter, thats what most participants are doing