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/biz/ - Business & Finance

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20509866 No.20509866 [Reply] [Original]

of Precious Metals; Cutting-Off Entire Credit Lines of Consumers who try

I have gotten at least three reports over the past two days, of consumers who were trying to purchase Precious Metals (Gold, Silver, Platinum) using a credit card, only to have the purchase DECLINED by their Bank, despite having more than sufficient available credit.

Worse, afterwards, the banks are allegedly CANCELLING entire credit lines for anyone attempting to make metals purchases; leaving them completely without credit. https://halturnerradioshow.com/index.php/en/news-page/news-nation/banks-rejecting-credit-card-purchases-of-precious-metals-cutting-off-entire-credit-lines-of-consumers-who-try

>> No.20510033

>>20509866
this happened with crypto in 2017. it is happening

>> No.20510094

>>20509866
And they have every right to during these uncertain times.

>> No.20510198

This actually started years ago. People were buying dollar coins and the like from the US mint at face value with free shipping, then depositing them at the bank. They did it for credit cards rewards. So a lot of credit cards stopped letting you buy. This has nothing to do with what people think it does.

>> No.20510220
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20510220

>This actually started years ago. People were buying dollar coins and the like from the US mint at face value with free shipping, then depositing them at the bank. They did it for credit cards rewards. So a lot of credit cards stopped letting you buy. This has nothing to do with what people think it does.

>> No.20510320

i don't think so. on major dealers' websites it is possible to buy with credit card. higher fee though

>> No.20510330

How can anyone sell you a dollar coin for a dollar and ship it for free and make money?

>> No.20510634

>>20509866

What? Credit card companies are protecting themselves from possible risk?

No. That couldn't be. A for-profit entity isn't willing to extend their risk during uncertain times?

You don't say. That's crazy.

As usual - OP is a faggot.

>> No.20510661
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20510661

>>20510198
>>20510634
>wow it’s that bad already, huh glowies?

>> No.20510705

>>20510661
my thought too, kek

>> No.20510723
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20510723

>>20509866
This is going to be glorious! Finally national socialism will rise!

>> No.20510955
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20510955

>>20510094
may or may not be what your saying, but
>receives money from the government
>receives legal protections from competition from the government
>"it's a private corporation and can do whatever it wants!"
voluntarily-assembled ethnic and/or ideological enclaves are the only way out of this nightmare

>> No.20511162
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20511162

>I’m growing more EXPENSIVE

>> No.20511164
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20511164

FUCK THE BANKS
GIVE ME THE GOLD !!!!!!!!!!

>> No.20511528

>>20510094
No they don't that's discrimination, if they allowed someone to get a credit card then they shouldn't be barring transactions that are completely legal and legitimate. Especially if the ones that are being denied has more than sufficient funds to pay of the balance in full.

>> No.20511581

>>20510320
sauce?

>> No.20511647

>>20510330
When they own the post office

>> No.20511679

Where can I buy silver?

>> No.20511731

>>20510634
declining a purchase only, i would agree with you

but cutting off an entire line of credit?

>> No.20512050

>>20509866
should I use AAVE to get funds for PM?
Is silver finally about to run?

>> No.20512503

>>20510094
>And they have every right to during these uncertain times.
This is actually a very elegant and rather subtle bait post. He correctly points out that banks have the authority to approve or deny any creditor they want while at the same time expecting the reader to respond with hostility due to how controversial coronavirus and the current state of society and the economy is. It's not the statement itself that is controversial but rather what it implies that will undoubtedly draw ire.

Very nice bait Anon. 10/10

>> No.20513247

>>20510094
Shut the fuck up

>> No.20513274

>>20511679
sdbullion
those merc dimes are a nice deal. good buffalo round sale too. buy anything under 25 for as long as you can and hold it.

>> No.20513479

>>>/pol/
Mooooooooooods take him back