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For gold the issue isn't speed of transfer - you can buy and sell gold as an e-commerce type transaction for smaller quantities. But when you get up to 400 oz "
by leashless 4y ago
For gold the issue isn't speed of transfer - you can buy and sell gold as an e-commerce type transaction for smaller quantities. But when you get up to 400 oz "Good Delivery" bars things start to change, as you would expect with higher value transfers.
Having a very hard proof of title on a gold bar, which is automatically updated if there's any change of circumstances, opens up a lot of useful functionality for gold owners.
- nibbleshifter 4y agoI've bought smaller amounts of gold before (up to a couple ounces), and yeah, its just normal ecommerce. Some try enforce KYC, most don't. Interestingly, most gold I've seen above an ounce come with a cert and a serial number.