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Among that many things bitcoin can buy you in today’s day and age, you probably wouldn’t expect a gold mine to appear anywhere in the list.
Although it has, and it’s even touted as being ‘profitable’.
Listed on BitPremier, a website dedicated to selling luxury items payable for in bitcoin, the mile is listed as being located in Dawson City, in Yukon, Canada.
Description, as provided on the listing [link]:
The very first offering of its kind on the Bitcoin market; a proven, profitable gold mine located in the heart of Dawson City, Yukon, Canada. Home to television programs such as History Channel’s Yukon Gold and National Geographic’s Yukon Gold, Dawson City has a long, rich and vibrant history as a proven Gold producing region.
From what I’m reading, it appears the sale of the parent company that both owns and operates the mine (which includes company assets). The price? $2 million.
The company was founded in 1986, the President and CEO of the company has been in the mining sector for 35 years. A well respected, fully compliant and profitable company, any new buyer could recoup their initial investment in as little as two mining seasons.
Included in the sale is $1 million worth of mining equipment, full financial statements, tax returns, balance sheets, and the like.
The current owner is even willing to stay on the management team for up to five years in an advisory position.
Apparently, the mine has the potential to produce between 3,000 – 4,000 ounces of gold per year. Last I checked, the price of gold was $1,253 per ounce, so if this is legitimate, it could very well be profitable.
What do you think? Legitimate or bound to be a case of caveat emptor?
sukramko 
;Obviously I’m missing something, but why would any buyer choose to complicate any transaction by paying with Bitcoins, which are effectively a “foreign” currency requiring FX conversions at either end—even for a local transaction?
not if the buyer has BTC to start with and seller might not want to convert. The other question is why would buyer buy something that will get his money back in 2 seasons when in 2 seasons XBT will equal to 5 seasons at this rate of world
investments.
Why would anyone want to hold Bitcoins, effectively a “foreign currency”? That’s not an “investment”, it would be “currency speculation” …
Currency speculation is a trillion dollar business. Example if item from china costs $10 in exchange to Yuan, you can manipulate the dollar value to make it $9 to Yuan once it is exchanged.
Can you now, Markus? Dream on …
Are you saying that currency values are frozen to one another? That be very naive observation.
(never mind just realized you are a troll.)
No that’s not what I meant; what I meant is that you are dreaming if you think that you are going to make money speculating on the value of Bitcoins; you may as well put your money on the gee-gees. And, who did you say was the troll? …
Who said I am speculating on the value of bitcoin. I only indicated that the currencies do not hold static value to one another for more then one reason as listed.
Bitcoin hold value in many respects as for one it does not require 3rd party such as Central Bank to transfer money from point A to point B. Thus saving the cost on transaction fees, time and verification process. And that is one of the most valuable function any business can appreciate.
Once again you are inferring that Bitcoin transactions are without transaction fees which, of course, is not true; every Bitcoin transaction has a FX conversion at both ends. You are so obviously a simple Bitcoin shill you really should be declaring same in your comments …
That is correct there are no transaction fees between bitcoin to bitcoin payments. However the transaction will take longer. pay .25c and you will get it with 15 sec. It be easier when you learn the facts so at least your arguments will have merits.
Gold digger set his heart on bitcoin? Interesting, very interesting. Lets see if gold is about to come down since the Barkleys gold price manipulation.