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RE: SBD for Gold bullion!!!!!!
I am guessing there are probably lots of laws I am missing here ;(
The buy/sell spread will be a problem though for sure! I would have the extra costs of shipping, bank fees, and a little profit to make it worth while. It might be possible on a 1oz gold but I think the cost would be too high for silver
I am more interested in the gold anyway. Have a look at this site :-
www.silverstackers.com
There are a lot of Australian stackers there trading the secondary gold/silver market there and some of them accept crypto. What you're suggesting has been done before, just maybe not as a business.