Pay for Travel with BitGold

Why am I writing about gold in a travel blog? Well, I think I found a way for gold to finance my travel adventures! In the past, I've looked into buying gold as a safe haven investment, and one that has zero inflation! But you had to buy gold coins or ingots (bars) and then where to store them? In a plank in the floorboard? Hopefully not! You then had to store your gold in a safety deposit box, so hopefully the cost of the safety deposit box rental didn't completely eat your profits!

The other option is to buy your gold online, with a company like BuillionVault, where you buy it online and they manage the storage. There's still a minimum price of $100, and it's not the type of investment that you can easily buy and sell. It's more like buy at the lowest possible price, and then hold onto it, sometimes even for generations!

Thanks to an innovative Canadian company called BitGold, they are treating gold like the true currency it should be considered to be. The company was just launched in 2014, and the timing couldn't be better. The European Central Bank just announced moving to a negative interest rate, and we'll see what they say next week for the Fed Announcement. So how does that work, if I have a negative interest rate, I pay the bank to hold my money? Actually, isn't that what we're doing these days with all the banking fees? At any rate, the US dollar can't continue on its upward path forever, especially with American multinationals deriving most of their revenues from overseas. Gold is the "golden child" of 2016, especially after disappointing Chinese growth, migration issues in Europe, the constant threat of terror worldwide and the oil glut.

That's why BitGold has found such a timely, innovative solution.

According to ITBusiness.ca, "Here’s how it works – BitGold’s proprietary Aurum software enables a global network that allows its users to find the best price for gold in one of its vault locations and then purchase that gold in amounts of as little as three cents.

It enables global payment processing by working with banks and companies like Visa and MasterCard so users can buy gold in their local currency. That gold is stored in one of 100 different vault locations around the world, operated and insured by Brink’s."

The other reason I really like this company, is the fact they don't just innovate with their original concept. They are the first gold company to make 10 gram gold cubes available, again with the small investor in mind. But by far the best thing about this company is their Prepaid Gold Mastercard. Yes, that's right, you can NOW BUY YOUR FOOD, GAS, CLOTHES AND ELECTRONICS WITH GOLD! Be-cause it's prepaid, there's no credit check, so ANYONE can get one. Or you could accumulate Bitgold cubes over time.

Their fees are the industry's lowest, with a 1% fee to buy and sell gold--it's lower than a CREDIT CARD! Unfortunately, they chose the name Bitgold to be considered an alternative currency, like Bitcoin, however, no other relationship exists. They accept Bitcoin as a form of payment, but that's where the relationship stops. They chose the name because it's more accepted among the banking industry, so they are riding the coattails of Bitcoin's success with the Bitgold name.

In case you haven't been following the gold market recently, gold prices are soaring, almost to $1,300/ounce! With the Fed announcement next week, the gold markets are going to be busy. Be sure to sign up with BitGold today--they have a special promotion that if you deposit funds into your Bitgold account with 48 hours, they will give you a 5% bonus on 2.5 grams.

In my next article, I will provide a bio of the very creative entrepreneurs who have created their Golden Team in Toronto.

Disclosure: I am an affiliate and a client of BitGold, and have recently purchased .5 grams of gold (around $22, so follow my efforts to see how it works!)