Gold and Silver for Bitcoin

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.