You may be able to use bitcoins on Amazon and Ebay. Will gold be next?
An Indian man in Bangkok’s Chinatown bought two god bracelets on Yaowarat Road in Bangkok for $15,000. In his native Mumbai they are worth $16,500. They can travel in a computer bag or “if you are really worried about customs”, he says pointing at a shop which sells plain golden necklaces, “you buy those and put them around your wife’s neck.” Earlier this year the Indian government imposed quotas and increased taxes on gold imports, but it takes more than that to limit Indians’ love of gold. Although the country’s statisticians report that Indians officially buy a lot less of the precious metal—148.2 tonnes from July to September, a third less than in the same period last year—there has been a surge in gold smuggling. Bitcoins and Gold as a Currency or Commodity Exchange