App for that? BitGold looks to take gold savings mainstream

Section:

By Ian Bickis
The Canadian Press
via CTV News, Toronto
August 30, 2015

CALGARY, Alberta, Canada -- Want to buy gold as a savings alternative? Well, you guessed it -- there's an app for that.

Josh Crumb, co-founder of BitGold, says he created the software that automatically links buyers to bullion dealers and storage companies because he wanted to make it easier for people to own gold as a hedge against inflation and as a store of value.

"It's just so much easier, like everything else, to do it from your mobile phone," Crumb said.

The system charges a 1 percent fee to exchange cash into gold and back but storage is free. It also allows users to transfer their gold value to a prepaid credit card, so they can actually buy a cup of coffee with their gold holdings, Crumb said.

"It gives the ability without having to go to coin shops and shave off some flakes of gold to buy something." ...

... For the remainder of the report:

http://www.ctvnews.ca/business/app-for-that-bitgold-looks-to-take-gold-s...



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