Quote from: desired_username on April 19, 2013, 06:15:55 AM

Check the price carefully, CoinAbul had +40% on the market price last time I have checked.

http://www.xe.com/currencyconverter/convert/?Amount=1&From=XAU&To=USD

I guess that depends on what conversion price you're looking at between gold, BTC, and USD. Right now the above link shows gold at 1414.64, on MtGox the value of BTC is 128. but that's the last sale. The 24 hr weighted average is only 108. And the price of a 1 oz gold bar at coinabul is BTC12.0447. So that's actually not a bad price at all. It's giving you $1414 UDS worth of gold for BTC12.0447, or a BTC to USD exchange rate of 117.4. That's fairly between the current market price and the 24 hour average.

My bigger question is: Has anyone ever dealt with coinabul? I'm really curious how they deliver and keep the gold safe and insured? If I were to spend my BTC on gold what does that transaction look like? Anyone ever done it?