Post
Topic
Board Bitcoin Discussion
Re: Selling Bitcoin vs. Selling Gold
by
Value.Virtue
on 10/08/2024, 03:16:37 UTC
Buying gold is very  easy. But the problem is when it comes to selling. The process of selling gold appears to be much more complicated.
You have to find a buyer...then you have to find a buyer that will give you a good price for it. Good luck with that.

Then you have to deal with the logistics of physically delivering the gold to the buyer, how to receive payment, etc.

You and the buyer have to meet to make the exchange, which can present security issues.
But if the buyer isn't near you then you have to deliver the gold by mail or shipping service.
But does the buyer pay you first? Or do you send the gold to the buyer first? The risk of getting scammed is very high for both buyer and seller.

The risk for the buyer is how does he know he is getting real gold and not fake or diluted gold?

In the US the fastest and simplest method of selling gold is to go into your local pawn shop but who will give you less than half of what its worth and you end up losing a lot of money.

By comparison, bitcoin is extremely quick and easy to sell with a few keyboard clicks on your computer or phone app.


Selling gold for the first time to a buyer can be quite difficult but after the first successful sell of real gold to a buyer the subsequent request for selling is very much easy because you will definitely establish strong relationships or contacts after the first few sells, and you know one customer satisfied means gaining a million customer as a reputation for future transacting, in my country here, there are several places where light and bulk gold buyers and sellers stay and you bring real gold to them and they buy next time they will come to meet you around your area where comfortable and secure for you other than your house for security reasons and you may not need to waste transportation to go meet them anymore and where the gold is too bulky for the buyer he will then refer you to others and buying Bitcoin too at the first time is not as easy going as buying it subsequently though Bitcoin is virtual holding and does not require much like gold though both has advantages and disadvantages in profit returns,durability etc.