Bitgold , how does it work ?

1/14/2016

BY: |Andre Klynsmith | Walvis Bay , Namibia

Bitgold is a brand new investing platform released in March of 2015 that lets users invest in gold in different currencies as well as send payments to other customers using their Bitgold account.

Customers can sign up on the BitGold platform and buy, sell, or redeem gold using Bitgold's payment and settlement technology.

Why Invest in Gold?

Every diversified investor will tell you that investing in gold is a good idea. Gold and silver is good for long term storage and wealth building. While it's a good idea to have stocks, mutual funds, and ETF's in your portfolio, if you want to be truly diversified, you should invest in gold.

Unlike paper currency, gold has maintained its value throughout the ages. It is more reliable than the US Dollar, whose value is decreasing and will eventually become worthless.

Although the price of gold can be volatile in the short term, it has always maintained its value over the long term. Through the years, it has served as a hedge against inflation and the erosion of major currencies, and thus is an investment well worth considering.

Why Use BitGold?

Why should you use Bitgold when there are many other companies that let you invest in gold?

With BitGold you can buy gold in different currencies. After you sign up, just make a deposit with a payment method of your choice. Users can send and receive gold as payment to and from any BitGold user or seller for free. Gold can be sent as payment to non-BitGold users with email or mobile phone. You can access your money at any time with a BitGold prepaid debit card. Since many major credit cards are accepted globally, this makes it more convenient for you to access your money.

Most importantly, all your money is backed by actually gold bullion. The company has gold cubes in storage in their headquarters. You can redeem these gold cubes via physical delivery.

Features of BitGold Here are some of the key features that sets BitGold apart from other gold investment mediums:

Your are investing in gold grams, rather than entire bars of gold, which makes it affordable for most people
Send or receive gold payments to any BitGold user at no extra cost
You can buy gold using one of the following ways: bank wire, credit card, Interac, UnioinPay, or deposit using Bitcoins
You can redeem your gold via bank wire, physical gold, or using their BitGold Prepaid Card - this will be explained in detail below
BitGold is unique in that you can redeem your money in the form of gold cubes - these small cubes are worth 10g of gold each
You can request a BitGold Prepaid Card - you can use it like any debit card, as long as you have money in your BitGold balance

How do I sign up?

Signing up is fast and easy. Just go to the link below to register:

http://bitgold.com/

All you need is your email address, your name, and your address. To deposit or withdraw money from your account, you can connect a bank account or credit card after registration.