A year ago i bought 5 oz of gold with Bitcoin. I was lucky i got into Bitcoin around 4500 and sold all of it on the way down at 16500... With that said I've been wondering ALOT lately why these big bullion retailers are excepting bitcoin for gold???The ones who are in charge of the fiat system are not dumb and are many steps ahead,Prepared for the dollar to collapse. We do know that they want to go to a cashless society.Possibly Crypto currency is the future? Which is why i continue to wonder why these retailers are willing to part ways with gold for Bitcoin.Do they continue to hold BTC or do they sell it off? I am hoping someone here has some info or any ideas.Thanks.
Because they want your money?
Bitcoin is a means of exchange. I'm sure they don't keep a ton of it -- exchanging it out for whatever they feel is more secure at the moment..almost every offshore casino accepts it. That should tell you about their confidence in it as a means of exchange.
Serving the customer, that is all its really about.