Turn Steem into gold

10 months ago

Turn Steem into gold.

For thousands of years alchemy has been attempted. We all know that lead can never be turned into gold.

But can Steem?

For the first time ever, as of today... yes it can.

All of you are familiar with gold.

Some of you may be familiar with Goldmoney. For those who are not, here's my article on why Goldmoney will change the world: https://steemit.com/goldmoney/@goldmatters/why-goldmoney-will-change-the-world

To summarize, Goldmoney gives you the ability to put yourself on a "personal gold standard' by allowing you to own and save physical vaulted gold, but also use it to make payments.

Some of us even buy our Starbucks with it

Or make donations with it

If you are generous, you can take your friends out to dinner with it

You can even receive any percentage of your paycheck in gold (more on this in a coming soon post, stayed tuned ;).

You can get started here: http://Goldmoney.com/r/6lfQRK

The objective of today's post though, is to let the Steemit community know that on this day after the hard fork, another very important event has happened.

Now you can use Steem to buy gold on the Goldmoney platform!

Gold is a great store of value over the long term, and nothing preserves your purchasing power over your lifetime like gold.

The gold you buy with your Steem will be kept in a special vault in *Dubai, unless you want it to be redeemed and shipped to your home. You can also link this vault to your bank account if you want to turn this gold back to fiat.

Lets try some modern day alchemy, and turn some of our Steem into this beautiful stuff!

(This is taken at the Bureau of Printing and Engraving.... where they ACTUALLY print money. Take THAT central bankers!)

To find out more about Goldmoney look here:

Goldmoney.com/r/6lfQRK

*some restrictions apply on Dubai vault

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dont work for me , wont accept my steem return address, and i tried a btc address and that wont work either

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I used poloniex for the return address and had success

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If people are interested I will write a more detailed post are the process

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but with poloniex you need a memo and account

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Yes that is correct. Let me write a detailed post about how to do this. I wasnt sure there would be a demand but I see now there is so I will write something to make the process more clear

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Also, you may be able to get help from here before I have time to compose I whole post : http://community.goldmoney.com

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If you used the goldmoney community tag @melanie

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I will wait till it works perfect, easy flow

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Thank you for your interest. I will work on a detailed post explaining the process but it might take me a bit. I will let you know :)

I opened an account. How do I get to that screen? Do I need to verify my bank account anyway?

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Go to "deposit" click 'additional options" and it should give you an option to click " cryptocurrency" and click the dropdown

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The Goldmoney community is a great place to ask questions also http://community.goldmoney.com

What is the advantage of your service instead of buying bitcoins and keep them safe in a wallet ?

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Goldmoney is not a cryptocurrency. Goldmoney allows you to purchase vaulted, allocated, insured gold that you can keep in a vault, or redeem and have sent to your home, or spend it. Goldmoney is not super new, but the ability to use Steem to use as a funding source is :)

Gold money accepts STEEM?

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Last time I checked checked the cryptocurrency options for the Dubai vault, it was listed as an option.

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Interesting. Thank you for the reply.

wait a minute... I have a goldmoney account already... you can directly trade steem for goldmoney now? If so that's awesome!

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It's very cool! To clarify, you can buy gold through your Goldmoney account with Steem. You may need use of another account like polniex to complete the transaction. It seems like there is a demand for more information so I might do a more detailed follow up post when I have time :)

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Also.... can i buy steem with my goldmoney?

Another onramp to steem would be good.

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As of now there is no way to buy crypto with your gold. It only works in one way for now. Thanks for your interest!

Cool I have been a goldmoney member for a while. Didn't know you can buy gold with crypto. Thx.

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Yes and its not just Steem, there are many options :)

Aaah, Steemit Gold, Saves you the trouble of filterin water and scoopin' dirt

Wuauu awesome news, I did not know this, I have been enrolled in goldmoney a while ago but this is very good.

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what advantage does goldmoney have over bitcoin?

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Goldmoney is not a cryptocurrency. You have direct ownership title of physical gold which can be redeemed and sent to you at any time, but you can also spend it, send it, or earn in it. Its kind of like a paypal account except your balance is in gold grams instead of your local currency. Over long periods of time this preserves your savings better than any other vehicle

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I see. Thanks for the education.

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I would be happy to answer any other questions. This is my passion :)