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Home Cryptocurrency news

Bitcoin Can Now Buy You an Actual Gold Mine

newsbtc by newsbtc
7 years ago
in Cryptocurrency news
Reading Time: 1min read
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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.

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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?

Tags: bitcoinbitpremiergoldmineluxuryNews
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