Euro Pacific Precious Metals Now Accepts Bitcoin

We are excited to announce that through a new partnership with BitPay, we now accept bitcoin payments! We are the largest precious metals dealer in the world to do so. Speak with one of our Precious Metals Specialists today for more information. Read the full press release below.

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NEW YORK – BitPay, world leader in business solutions for Bitcoin digital currency, announces a partnership with Euro Pacific Precious Metals. Based in New York City, Euro Pacific Precious Metals is a major international gold and silver dealer – and the world’s largest by volume to accept bitcoin to date.

Euro Pacific Precious Metals is led by famed investor Peter Schiff and specializes in making high-quality bullion coins and bars part of its customers’ financial portfolio. The company has built a reputation for calling out unsavory practices in the gold dealer industry, and for its honest and competitive pricing across all product categories. Executives at Euro Pac Metals regularly seek out new ways to make transactions easier and cheaper for its customers, which is why BitPay was chosen.

“Bitcoin offers tremendous benefits as a medium of exchange for both our domestic and international customers. A wire transfer of fiat funds can be slow and expensive for the customer, and credit card fees are too high to absorb at the low premiums we offer. Not only does BitPay’s service make business sense, but we are excited about giving owners of bitcoin the opportunity to inexpensively and reliably convert any excess holdings into precious metals rather than back to fiat currency,” said Michael Finger, Director of Marketing at Euro Pacific Precious Metals.

This partnership marks another major milestone in the acceptance of bitcoin worldwide, as larger and more global companies embrace the digital currency.

“We are very excited to form a partnership with Euro Pacific Precious Metals, especially right on the heels of our collaboration with Toshiba. BitPay is honored to have a role in helping such global and established companies integrate bitcoin into their payment systems, ” said Tony Gallippi, Executive Chairman of BitPay.

BitPay is attracting merchants who sell low-priced goods where credit card fees are expensive and high-ticket items such as gold and silver where chargebacks are common and costly. Accepting bitcoins allows merchants to make these transactions irreversible, while eliminating the risk of fraud and identify theft for the buyer.

About BitPay
BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for Bitcoin digital currency.

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

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26 Responses to Euro Pacific Precious Metals Now Accepts Bitcoin

  1. frank says:

    Hi Guys,
    Do you ship to South Africa? I’m interested in paying with bitcoin.

    Regards
    Frank

    • admin says:

      Hello Frank. We ship all over the world, depending on the import rules. For exact details, please speak with one of our Precious Metals Specialists at 1-800-GOLD-160. You can also request a call at a time convenient to you – just click the Request a Callback button on the right. Thank you for your interest!

  2. Jonas Galecki says:

    The fact that Peter changed his mind about Bitcoin is giving him a lot of credibility in the bitcoin community especially. It’s the sign of a big man to publicly admit when something is of tremendous value, but not necessarily in line with his previous comments.

    • nunya says:

      Peter didn’t change his mind. He’s not actually touching the bitcoins, bitpay converts them to USD on the spot, he’s still getting that dastardly fiat for his products. This isn’t out of line with his previous comments at all — buying a hundred million dollars worth of bitcoin would be out of line with his previous comments. Accepting people’s cash after they’ve sold their stuff…isn’t at all. If you sold your Alice Cooper record collection for USD and then bought metals from Peter Schiff with it, does that mean that Peter Schiff thinks Alice Cooper records have tremendous value? Hint: NO. It means he likes cash, and if you want to convert your stuff to cash to buy his metals, he’ll take it.

  3. so when are you all going to release precious metals tokens on the blockchain?

    the demand is there! the technology is ready for a big player to make the market.

    • Aubrey Kohn says:

      Agreed, this is a killer product range: E.g. 1 BTC with an attached title to 1oz AU. It’s like insurance against disaster with an embedded call option on the future.

      • Timlin says:

        There are already companies allowing trade of physical gold bullion on bitcoin block chain via counterparty protocol. See Bitcoin tangible trust, Amagi metals

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  12. jd says:

    I keep clicking on the bitcoin icon and it prompts me to a photo of “Bitcoin Accepted Here” but does not allow me to go any further. I’ve tried this on my phone and computer. Is the site experiencing some problems or is it just me?

    • admin says:

      We apologize for that broken link. It is now fixed. If you are looking to find out more about using bitcoin to buy precious metals, please give us a call at 1-800-GOLD-160. Thank you

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  16. Welcome Aboard Peter and EP!

    FINALLY! It’s about damn time Peter! lol Great to have you on board. I saw you slowing turning and opening up to the possibilities over the last few months. Undoubtedly bitcoin’s historic resiliency, currently and over the last year, was a factor! The current Bitcoin Ecosystem with it’s Protocol of Money, so reminds me of the early 90′s of the Internet, The Protocols of Information.

    I’ve kept a close eye on much of your content for a better part of a year, during my enlightenment. First, I have to say thank you. You’ve been a beacon in the financial recesses of darkness for millions worldwide. You’re a giant among mortals, but most importantly it’s your platform and message that changes lives, helping to wake the populous from their slumber, on a scale I can only admire. Your resolve, without all the disinformation, confusion, bias pitching and conspiracy garbage is a clear and powerful. A rare, honest, accurate and unbiased view of the truth exposing the true enemy of the state and of people, the powers-that-be whom we have unwittingly empowered…is very refreshing.

    Your effect is moving the battlefield away from the 99% vs. the 1% misnomer, towards the much more accurate depiction of the .995% vs. .005%, the super-elite of this planet, pulling the strings and changing the rules of the game to benefit SO FEW, at the cost of everyone else. It’s gotten to the point now, that the the devastation they’re causing across continents is greater than any imperialistic state in human history.

    I mean, come on people, do you really think it’s the millionaires of this world pulling any strings, at this point? Nope. Today, 1 in every 25 households in the U.S. has a net worth over $1 million! What, you don’t? Me either since the debacle of The Great Recession, but the damage my software company and so many of my small and home-based business clients endured…as only fueled my renewed burning desire like jet fuel to a bonfire.

    And, if you covet or envy those folks, some your neighbors and shop owners, stop. Instead of complaining and focusing on the negatives, do something about it as have so many millions around the world. With the Internet maturing, and yes I’ll say it, bitcoin potentially, NEVER before in history has a platform, so readily available now to over 2.5 billion worldwide, fueled the entrepreneurial spirit to this extent, while providing opportunities so abundant! I’ve built my entire Internet business around one simple concept, help as many around the world build a presence online and make money, so they can too…break the cycle and depencence on banks/debt, gov’t/welfare, and eventually Corp America and job market completely. Our new project is also Bitcoin/bitcoin based. You know what though? It doesn’t just happen! You gotta WANT it, at least for a few years, more than the couch, television, resting, maybe even your favorite hobby…and some say, more than air for a while.

    Peace, Freedom and Abundance,

    Mark Wittkowski
    projectfreedomblog.com

  17. Oh and yes Peter, our growing organization will also be moving wealth into precious metals and Euro-Pacific! Yes, I’ve been listening, so this was happening regardless, but it does make it easier for us to move money direct without the exchange!

  18. Expert says:

    Peter, you should know that Bitcoin is fundamentally broken. Namely, at any time a party with more computing power than the current group of miners can step in and cause a fake blockchain continuation. There are loads of organizations who can mount this attack. At that point the value of your Bitcons will become worthless. Bitcoin advocates like to say that there is no incentive for this attack since the Bitcoins of the fraudulent miners would devalue too, but clearly a powerful group interested in bringing down Bitcoin would not care about this. This attack can happen at any time, and there is nothing that can be done about it.

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  21. Kellie says:

    There is definately a great deal to know about tuis issue.
    I like all the points you ave made.

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