Gold and Silver for Bitcoin
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I have a bot (compiling data over time) that scans craigslist and other markets for anyone selling their Gold or Silver. I’m finding more and more people are doing just that, selling all their Gold and Silver at spot paper price and willing to accept Bitcoin and other cryptocurrencies as payment.
Below is a typical ad:
“I have approximately 1000 ounces of silver rounds that I'm selling at spot price, for your bitcoin. The silver rounds are Monarch Precious Metals and come in 20 tubes. These are in mint condition, as they came from the mint.
I also have 20 Perth Mint 10 gram gold bars available at spot gold price for bitcoin.
I am available to meet in a public location (IE Starbucks) in Monroe on short notice.
Please text or email if interested.”
I’m feeling guilt for buying as some of these people have been stacking for decades.
Once our transaction is complete and the cryptos are in their wallet I catch them smiling bigger that the Chester cat.
But what have I left them with?
Letters and Digits, nothing more.
What about you?
Are you selling your Gold/Silver for alt coins?
I’m buying.
I have bought BTC with gold and also sold BTC for gold. Joeseph At www.veldtgold.com is the only place you should consider. He is fair, trust worthy and been doing this for several years. I have had many transactions with him and have never met him or even know what he looks like. He's 100% legit.
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Thanks for the information. I do not buy alt coins, I'm a seller of them and for the past couple of months a PM stacker {:-)
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Smart fellow ☺
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It really is sad though, I'm buying generational wealth with a QR-code.
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In what city?
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That ad was in Seattle I believe, I'm traveling and do not have the specific location with me.
I can check when I get back and have the data in front of me if you like.
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In my opinion Bitcoin will fail. Can you trust a currency that is reliant on vulnerable technology?? With the creation of a number of new competing cryptocurrencies being developed and eventually diluting the market. If a cyber attack occurred would your Bitcoin be safe. Would you intrust thousands of dollars to the system? How long before Government infiltrate this technology and causes it to fail? Why would Government do that? Because central banks will not tolerate a currency that they do not have complete control over, thats why. If they cause a failure in the system, then people will lose confidence in them, unless of course the federal government comes to the rescue and offers to insure the currency FDICA baby. Look what they did to Precious metals. The feds found a way to manipulate it and fix it. The banks simply print and sell enough paper contracts to dilute the market. Some say that there are up to 200 hundred paper contracts per ounce of gold. The silver and gold markets are easily moved by the simple push of a computer key. They must regulate it in order to keep the value of the dollar intact. The same is true with cryto. If they let the market run, paper currencies would diminish in value. Is it possible that the cryptocurrency was ordained by the central banks as a trail to see if people would buy into this type of monetary system? But for now enjoy the wealth it has created, just don't think they will let the party continue.
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Yes, way too many cryptos in existence, 800 and counting, most if not all will fail.
I also agree with your assessment of the metal manipulations, I call it a downright hatred of Gold and Silver, irrational disdain.
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