BitGold - Scam or Legit?

[Copper Catcher]

https://www.bitgold.com/ What say you?

[chris6084]

Still not sure if it is a scam or legit. Too new of a company to buy gold and let them store it. To redeem gold, you pay a $25 fee plus shipping and insurance which would be too much for me.

[scrapman1077]

If YOU don't hold it YOU don't own it.

[InfleXion]

I read the Legal documentation on their web site. While official sounding enough, a couple things jump out at me. For starters, the formatting looks like something I could have put together myself in a standard document editor. The other thing is that there is a fair amount of wording around their click links and banners, and how you are allowed to use them. It reminds me of when I used to work for a free internet provider during the dot.com bubble, a technology company trying to squeeze money out of advertising. FWIW that company I worked for went bankrupt owing over a $million to MCI for the free internet we were giving out without a profitable business model which was solely dependent on advertising. Not exactly apples to apples here, but it has the same feel to me.

I think scrapman has it right. Digital gold undermines the inherent properties of physical gold that makes it an attractive investment for me.

[neilgin1]

If YOU don't hold it YOU don't own it.

there ya go....that's the deeefault setting, for sure

[neilgin1]

I read the Legal documentation on their web site. While official sounding enough, a couple things jump out at me. For starters, the formatting looks like something I could have put together myself in a standard document editor. The other thing is that there is a fair amount of wording around their click links and banners, and how you are allowed to use them. It reminds me of when I used to work for a free internet provider during the dot.com bubble, a technology company trying to squeeze money out of advertising. FWIW that company I worked for went bankrupt owing over a $million to MCI for the free internet we were giving out without a profitable business model which was solely dependent on advertising. Not exactly apples to apples here, but it has the same feel to me.

I think scrapman has it right. Digital gold undermines the inherent properties of physical gold that makes it an attractive investment for me.

in short, they're just servants of satan, gonna split hell wide open, the lot of 'em....toss Jamie Dimon and Jon Corzine down there too, let 'em learn their lesson, which isHELL IS A MILLION DEGREES HOT!!