Post
Topic
Board Lending
Topic OP
Seeking short term 250BTC loan for gold coins
by
HeavyMetal
on 09/09/2012, 14:24:59 UTC
As some of you may know I have been selling off my oddball gold and silver in order to convert to more standard recognizable bullion.

My goal is to buy a tube of 10 scratched 1oz gold maples from a local coin store. He will let me have them at melt value if I buy all 10. This works out to about $600 less than I would pay if I bought them one at a time.

Gold maples are hard to come by for melt value. He says he will not hold them for me if someone else wants to buy them. This dealer has a brick and morter shop and I have dealt with him for about 3 years.

I am a bit short to get the bulk discount. I would like to borrow 250BTC for between 3 and 7 days in order to get the discount on these coins. Once I have them I will sell two of coins to pay back the loan.

I will pay back the 250BTC with 262.5BTC within 3 days(72 hours) of receipt of the funds or 275BTC within 7 days(168 hours). I can also offer settlement in gold or silver if you prefer that to bitcoins.

It will most likely be within the first 3 days if all goes well, but between exchanging to dollars, buying the tube and selling 2 coins it may take a couple of days longer. If something goes wrong with the gold I can pay back through my paychecks.

Some of my recent trading history:

https://bitcointalk.org/index.php?topic=101138.msg1116844#msg1116844
https://bitcointalk.org/index.php?topic=99804.msg1123638#msg1123638
https://bitcointalk.org/index.php?topic=101138.msg1138138#msg1138138
https://bitcointalk.org/index.php?topic=101138.msg1138348#msg1138348  
https://bitcointalk.org/index.php?topic=102520.msg1144090#msg1144090
https://bitcointalk.org/index.php?topic=102598.msg1144167#msg1144167
https://bitcointalk.org/index.php?topic=102520.msg1144697#msg1144697
https://bitcointalk.org/index.php?topic=105810.msg1168238#msg1168238

If you accept this loan please pay to 1CW3Zugps3bWxbHmpHo2nTmVMiwtiprr7B and provide me with a return payment address. Thank you.