timeinc.net
In another significant step for the adoption of bitcoin, a Brisbane based gold and silver dealer announced just yesterday afternoon that they are now offering Bitcoin buy & sell functionality, secure paper wallet creation, allocated physical wallet storage and the ability to buy or sell metal with Bitcoin.
This is a significant release and one I've been excited to announce for some time. It allows for totally fiat-free precious metal transactions.
Here is the announcement verbatim:
The Federal government has formally acknowledged Bitcoin (and similar crypto currencies) as a currency and removing the GST ‘double dip’ when using it to purchase goods in Australia or buying as a company or from a company.Ainslie Bullion will now accept Bitcoin as currency for buying and selling bullion. You can also buy and sell Bitcoin directly with Ainslie, without any bullion involved and you can even have Ainslie completely manage your holdings just like we do for Allocated Bullion Storage customers, called an Ainslie Bitcoin Storage Account.
Why Bitcoin?
Bitcoin and other ‘crypto currencies’ are an emerging form of alternative money and investment class. Their popularity is growing as more and more people lose faith in fiat currencies, financial institutions and debt inflated financial markets. Whilst we don’t believe they yet present the same fundamental monetary properties of gold and silver, we’ll concede that 5,000 years ago the same may have been said for gold and silver…
Ultimately Ainslie Bullion wants to provide customers with options to protect and grow their wealth outside of financial markets and banks holding fiat currency. The former has been artificially inflated by monetary stimulus since the GFC, and the latter debased and destabilised by it. We encourage everyone to read Why Buy Bullion for more information on this topic. Many believe Bitcoin and other crypto currencies are still at formative prices and the gains have only just begun. Ainslie provides an exceptionally easy and incredibly secure platform for you to enter this market.
We also appreciate there may be many holders of Bitcoin / crypto currencies that are sitting on enormous gains and are now looking to invest these gains elsewhere. Buying gold and silver with your Bitcoin / crypto currency means you achieve 2 things:
You defer any capital gain event as you are not selling your Bitcoin / crypto currency; you are spending it.
On any dispassionate look at the charts, it would appear gold and silver are coming up off (or close to) a bottom whilst Bitcoin and other crypto’s have had an incredible run up in price of late. Some may be motivated by a sell high – buy low play, some may just want to hedge, or take a little profit. Only you can know.
How?We’ve set up a system to generate new wallets completely off line so you can come into our secure store, pay cash or credit card and walk out with our own Ainslie Crypto Wallet loaded with Bitcoin completely secure and off line. If you already have your own wallet you can buy (online, by phone or in store) and sell with us or buy or sell bullion for Bitcoin as well. Our Ainslie Bitcoin Storage Account means we look after all this for you and, just like bullion storage give you a current certificate of holding and end of year statements to keep your accountant or SMSF auditor happy.
We are excited to offer this new product and service and encourage you to go to our webpage now to learn more.