I just learned about this today and I am super stoked because I've been buying precious metals from Apmex since 2009 and have had great service the whole time. I love the idea of buying gold without having to go through a bank to get some. I know Apmex charges a 3% fee for buying gold with a credit card and I always hated paying that fee because I could buy more precious metals without it but It's the fastest way to get your order fulfilled. I'd have no problem giving Bitpay a 1% fee, much cheaper than a credit card fee and it's not going to the banks that always find a way to fuck you over with hidden fees.
One of the largest online gold dealers has announced that it will begin accepting bitcoin.
APMEX said on Dec. 8 that it would begin to accept the cryptocurrency through an integration with payment processor BitPay. It's also offering a small discount on purchases made with bitcoin in order to drum up interest in the new feature.
The company said in a statement:
"For more than 15 years, APMEX has been an industry leader and along the way has adapted to the growing needs of our customer base. As bitcoin becomes more popular and widely accepted as payment, we are thrilled to welcome the use of this cryptocurrency for buying gold, silver and other precious metals by integrating BitPay into our website."
The next time I want to 'cash out' and take some profits on cryptos I'm going this route because I'm sure Coinbase charges another 5% fee to covert bitcoin to cash and my bank will probably charge me another 3% fee for international transactions.
This is my favorite gold coin. Need to save up my SBDs so I can add a few of these to my collection.
Source: https://www.coindesk.com/major-gold-dealer-apmex-begins-accepting-bitcoin/