People try to tell us all the time that the drone / multirotor hobby does not have to be expensive. People say that we can get started in this community on any budget. But just because many people say this, it does't make it true.
The truth is, drones cost money. They can cost a lot of money or they can cost a medium amount of money, but they're never cheap. I built my 250 racer on a very tight budget and it still ended up being more than £500 when you include the FPV gear.
Now I'm not someone who has £500 spare lying around, so exactly how did I manage to do this?
Anyone who knows me in real life will know, I spend a lot of time thinking about how I can turn my small amounts of spare money into bigger amounts. Ive tried matched betting, trading bitcoin, hiding cash from myself under the washing machine etc. And while all of these worked (to some degree) they did not work well.
The problem was, I wanted to turn £5 into £50 in half an hour. It just wasn't possible. So I again started out researching other ways I could potentially turn a profit, it was then that I realised something quite obvious.
If something has been consistently valuable for thousands of years, it probably will continue to be valuable for the next few. If people have made money doing this same thing for thousands of years, it will probably still make them money now. Why was I spending my time worrying about these new cryptocurrencies like bitcoin when there was something else?
It was at this point when I decided to take the plunge and try out this ancient method of making money.
I bought gold.It paid off! After a year, I was able to sell my small amount of gold for a little profit. So not only was it the perfect way to force me to save some money (cause you can't exactly spend it while it's gold) it also appreciated in value. It was this, and solely this, that made me able to build my quad.
Now I'm not saying gold will make anyone a millionaire overnight, that is simply not true. But if you want a good way to save money, then gold is for you. I will be going into a lot more detail about this on a new blog I have created (theyellowmetal.blogspot.com) about gold, but essentially gold resists inflation. So if you want to save some money over a period of time, gold will be more stable and consistent in the long run than USD, EUR, GBP etc. As these currencies become worth less every year, gold doesn't. So owning some gold can help you save without your money depreciating over time. And it really does work.
So why am I writing this post now. Quite simply it's because of BitGold. BitGold is a new(ish) online company that have opened up gold to a lot more people. If you want to buy small amounts of gold (like me) from a regular shop etc. you end up paying a premium on top of the gold price. This premium can average around 7-25% and it severely reduces any profit you make, even if gold prices jump much higher. BitGold offers us the chance to buy gold in any quantity, big or tiny, for a flat 1% fee. It's a great service, 1% really is the best when you're talking about buying gold. The gold is allocated to you and stored in secure vaults in many locations worldwide and is fully insured, all for free. If BitGold were to go bankrupt, don't worry, your gold will still be yours as every amount you purchase is legally allocated to you. You can also request they deliver your physical gold to you at any time, a brilliant service, excellent for building a trusting customer base.
Another great feature of BitGold is the prepaid MasterCard. After depositing just 1 gram of gold (£27.74 €34.73 or $39.64 at the time of posting this) you are able to apply for this card (again, for free). This card allows you to withdraw your gold balance back to your local currency at any time and spend it anywhere that MasterCard is accepted. Even withdraw money from machines with it.
These features all make BitGold a new leader in money and I genuinely believe in the services they are offering. I wouldn't write this if I didn't believe it myself.
Investing money in gold isn't just spending your money, it's more like changing the currency. It forces you to save it and might earn you little interest in the process.
As I said, this is one of the main reasons I was able to afford to construct my drone and now that BitGold exists I think it may be even more effective.
To get an extra 5% on your first deposit please click on one of my adverts in this post or on my referral link here: BitGold 5% extra free!
(then once you've got an account, deposited at least 1 gram and signed up for the free MasterCard, send your link to people too, their referral and affiliate systems are very generous!)
Hope this helps some of you, it really helped me!
Happy flying (and happy saving too!)
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