Gold premiums dropping hard at my local coin shop! Reckless Crypto buyers are the reason they say.

I stopped into my local coin shop today to pick up a few more ounces of silver and saw something that I have never seen in there in the past 6 years. They are now paying less than Comex spot prices when you sell them gold bullion, they wont even give you spot pricing if you have a gold Canadian Mapleleaf! On the buy side the premiums are a lot lower than usual as well. Cost for Maples is 10.00 over spot. If you have name brand, serial numbered gold bars you can only get them to buy it at $50.00 below the spot price, which has not happened around here in almost two decades.

When I asked them why and how this could be the case when we have multiple national disasters looming, N Korea acting irrational, a bloated bubble stock market and a government 20 Trillion in debt who is printing money like never before. He told me nobody wants to buy gold right now, and all his customers are selling gold to move their money into Bitcoin! The last time this dealer could remember anything happening similar to this was in the year 2000 when everybody stocked up on gold believing that it was the end of the world and when it didn't happen they rush right back in to sell it. He says he literally has no customers wanting to buy gold at this time.

In my opinion this is one of the signs to let you know that the next bull run in the metals market is coming. Investors who are dumping their metals for crypto coin's are possibly making a good play, but they are also releasing real wealth that has been valued for over 6000 years. To me this is a very foolish play, I am a big supporter of bitcoin and crypto currency's however I think you should use them to leverage your way into a larger metal stack. If a person wants to buy crypto coin's it is best to do it with fiat cash and not with hard assets. While crypto coin's may run and run and run, I think the day will come when investors regret releasing their metal for a digitized asset. I guess the old saying is true..... "a fool and his money are soon parted. ". This trade is exactly what governments and bankers what you to do with your gold. China, Russia and The other Bricks nationals have not been importing massive amounts of metal for the last 6 years for no reason people. They have controlled the price, controlled the narrative and stacked the shiny until the sun sets, and when they feel like they have the lions share of it all they will flip the script and run the price so high that it will run the average investor out of the market. Cryptos are big and gonna go higher, but when this game of musical chairs stops will you have a seat. Or will you be in the corner......sticky, broke and confused in a pile of crypto coin ICO'S ?

Metal is GOD'S money and the second you don't think so, you will have none and the banksters will have total control over your life. They hate Bitcoin! They will tolerate it right now to herd up all you hard assets, but the day will come when they turn on us like the devil in disguise. Bankers don't want most of it, they want all of it and they won't take this lying down.

Listen to the OG Broncnutz, hold your gold and silver. Use Cryptos to stack real wealth and NEVER trust a banker!