- The growth of ING Mutual Fund is weak and falling into negative in March, May and July
- So, I will keep investing on Buy-back-guaranteed P2P Lending, such as Mintos and Twino, to provide some stability (around growth 1% per month)
- All bitcoin-based investment are growing modestly (BTCjam, LoanBase, Bitbond, BTCPop)
- I am starting to invest in gold as commodity via Bitgold. However, I purchased it using Bitcoin. Unfortunately, the volatitily of Bitcoin and Gold price cost me back 6% this month.
- I am starting to speculate on Bitcoin Faucet FreeBitco.in
My experience buying Bitgold via Bitcoin:
- I transfered 150 Euro to my Bitcoin Exchange and attempt to buy Bitgold directly from my Exchange wallet. This is a bad idea because Bitgold has 15 minutes deadline to transfer Bitccoin in. So, I transfer it via my 3rd party wallet instead.
- You can only put your gold in Dubai if you buy it via Bitcoin.
- The price-locking is immediate, however the confirmation that the gold entered the vault in Dubai takes longer, especially in the weeked.
- So, I lost 5€ to Bitcoin price volatility before locking the gold price on July 10th. I then lost another 5€ due to Gold price volatility ten days later.
- I am convinced that this is shorterm volatility, in long term gold performance always outperform fiat currencies. Bitgold point this out in its bi-monthly newsletter.
