From Cointelegraph
Daniel Marburger, Director of Europe-based online gold dealer CoinInvest, claimed the company sold about 30 kilograms of gold, worth over $1 mln, in just one day, Jan. 16, in an interview with Bloomberg Wednesday, Jan. 17.Read more: https://cointelegraph.com/news/gold-sales-spike-during-crypto-market-crash-highlighting-inverse-correlationThis week has been very volatile for Bitcoin and several industry insiders cited by Bloomberg believe that investors are looking for more stable assets in the meantime. Bitcoin, along with most other cryptocurrencies, experienced a crash of over 40% this Tuesday, Jan. 16 that lasted until Jan. 18, potentially causing a spike in gold investment.
Marburger told Bloomberg that gold coin sales increased fivefold on Jan. 16, the same time cryptocurrencies were crashing.
“[Tuesday] was a hell of a crazy day,” Marburger said, adding that “emails and phones did not stand still with customers asking how they could turn their crypto into gold.”
I've been thinking of buying a 1oz gold bar just to have and look at. More of a novelty investment. Does anyone know if there are certain things to look out for? What is an acceptable markup when purchasing physical gold bars? Obviously I'm not going to get spot market pricing at retail but I don't want to get ripped off.
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