Last week I decided to start looking into ways to allocate some profits from my crypto holdings into hard assets and as a collector / stacker of silver and gold, this was the first trade I've ever made with crypto for any other type of asset. I'm also very happy to be doing a SSG (#steemsilvergold) post as it's certainly been awhile since my last post about stacking silver and gold.
I got a total of six of these 1/2 oz bars very close to spot price and paid for them with Bitcoin Cash which I have some pretty good gains from some of my earlier buys.
I placed this order a week ago today from Veldt gold and it arrived in the mail yesterday using just standard shipping which was about $8. I was pretty pleased it took less than a week to arrive from when I placed my order--it came in the mail Saturday.
Here's a link to their website https://veldtgold.com/
I know there's a few dealers out there who accept cryptos as payment who I'll also be making purchases from as crypto prices start to recover. A couple of them are here on steemit--
Veldt accepts Bitcoin, Bitcoin Cash, Ethereum, and Litecoin as payment and they were very fast to confirm receipt of my payment and send me my order details. I used BCH because BTC isn't in a very good state right now as far as transaction times and fees go.
I usually buy in 5 oz - 1 kilo increments but I wanted to start small this time since it was the first time as sort of a low risk trial run since the order and shipping was only about $60 worth of BCH.
And regarding the taxation issue (if you are a U.S. resident), Veldt only sends records to the IRS for orders $1,000 and up. I'll not comment any further on paying taxes on crypto trades as that's a sticky subject right now, especially in the United States. Our government has lost its freakin mind micro managing and wanting to know every detail of our lives.
When this dip in crypto prices is over and we get back to rally time again I'll be ordering more bullion with some of my profits from various dealers. Diversity in investing is very important to me and so is taking huge profits off the table in small increments.
And now for the Disclaimer: I am not a financial advisor and this should not be taken as investment or trading advice. Always do your own research before buying anything and if you don't, please consult a financial professional who will help you with it or do it for you. Also, paying your taxes, whether you agree with the current law or not, is important as the US government wants what they see as their cut (even though they can't spend right now because our govt is currently shut down due to their own incompetence-- https://www.reuters.com/article/us-usa-congress-shutdown/first-day-of-government-shutdown-ends-in-standoff-idUSKBN1F90DE). What a bunch of idiots.
EDIT: IF YOU POST COMMENT SPAM AND UPVOTE YOURSELF I WILL FLAG YOU AND REPORT YOU TO STEEMCLEANERS AND SPAMINATOR SO DO YOURSELF A FAVOR--CEASE AND DESIST WITH THE COMMENT SPAM.