UPMA or Bitgold
I would like to hear some thoughts on Bitgold and UPMA.
Anyone have any input on UPMA?
Looks very interesting.
i've never heard of upma before.
but a couple quick comments on bitgold:
1) it has nothing to do with bitcoin except the "bit" in the title, it is not blockchain-based.
2) it is basically a new incarnation of goldmoney.com, which is/was run by james turk, whom i respect based on what i know of him and have heard of his interviews, and has eric sprott as a major investor in the project. i don't have a link but if you're interested you should be able to find a video on youtube from 2015, where james turk talks about how he initially decided to merge goldmoney with bitgold with sprott's approval.
I like both platforms. Pretty easy to use and gives you a few more ways to save in gold and silver. Bitgold continues to expand its business component to allow for settling business to business and person to person payments. Bitgold you need to be aware that you have tax implications for potential loss or gains but they do have a tax tool that can help. The option to use a bitgold debit is handy.
UMPA also has potential tax implications but allows for storage of gold and silver via their unique specie transactions. I encourage you to visit both sites. UMPA does also offer Debit and American Express transactions settled in gold. Ease account set up UMPA as the personal information requirements are less.
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any updates on upma or goldmoney.com (bitgold)?
anybody have accounts or insight(s).
many thanks:) !
They throw AnthemVault in the comparison as well. I'm essentially copy/pasting but this was published on Silverstackers.
Quick Version: UPMA is cheaper for large accounts with some movement. Goldmoney is better for small accounts with almost no movement.