Operation Choke Point 2.0 now targeting precious metals dealers?

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pmbug

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Operation Choke Point is a government program designed to target specific industries and debank them. I've written a bit about how OCP 2.0 is targeting the crypto industry, but now it looks like the Eye of Sauron might be looking at precious metal dealers.







More:

What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut Down with No Reason Given (VIDEO) | The Gateway Pundit | by Jim Hᴏft

Three separate coin shop owners have found their bank accounts suddenly shut down without any prior notice or explanation from their financial institutions.
www.thegatewaypundit.com
 
I wonder if this will happen to the megadealers or just the small guys to in an effort to limit options to buy or sale.
 

Gold and Silver Dealer Warns - MY BANK WILL SHUT ME DOWN IF I DO THIS!​

Yankee Stacking
 
Chigg said:
I wonder if this will happen to the megadealers or just the small guys to in an effort to limit options to buy or sale.
Click to expand...

I can't imagine it happening to Apmex (an authorized dealer of the US Mint) but who knows.
 
pmbug said:
I can't imagine it happening to Apmex (an authorized dealer of the US Mint) but who knows.
Click to expand...

Good point. It could be step 1 in govt eliminating independents? Apmex has some of the highest premiums online and don't undetstand why they are so popular?
 
I would think so. The larger dealers probably have good KYC compliance. If this is a play to squeeze out smaller/independent dealers, it's just going to make p2p trading (like the Bartertown forum) more popular.
 
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Bullion Dealer Warns America of "Desperate Situation"! Is it really HOPELESS??​

My bullion dealer warns that our US debt situation is "hopeless and getting worse!" Is America really unable to be repay is exploding national debt? Will a CBDC be useless in getting us out of a desperate situation facing our economy? In this excerpt from a recent in-studio discussion with Tim Marschner of the Coin and Stamp Shop, I ask him to discuss the collapsing bond market due to the dwindling appetite for US treasuries across all potential buyers--foreign governments, banks, hedge funds, other financial institutions, and individual investors.

Why does no one want our US treasuries? And is this a threat to our economy and bank solvency as inflation continues to destroy the US dollar? My gold and silver bullion dealer believes the lack of interest in our nation's IOUs is even a threat to our dollar's world reserve currency status.

Tim and I explain yet another reason why it's so important to stack precious metals, whether it's gold bars, gold coins, silver bars, silver coins, or silver rounds, to protect yourself from what's coming!

 
I guess, in the end, if compleat economic nihilism is the aim, and nobody stops it, it will come to pass.

One might suggest that one (of many) factor(s) prolonging the Grate Depression, was the prohibition of private citizens holding sound wealth, in the form of gold. There was no escaping the chaos of collapsing banks and devalued dollars (not yet fiat, but arbitrarily debased at 65-percent).

Now, with nothing but endlessly-printed fiat, and proposed replacement by electronic limited-redemption scrip (CBDCs) along with covert restrictions on monetary PMs...there simply will be no place or manner to hold wealth.

We have seen this before. Communism practices this; and everywhere it's tried, it's either grinding poverty or worse.
 
FWIW - DYODD

SHOCKING ADMISSION from my Bullion Dealer! Buy Silver NOW because "It's only a matter of time!"​

Dec 26, 2023
In this video Tim Marschner of the Coin and Stamp Shop admits that it's only a matter of time before his bank closes him down! The "war on cash" is growing FAST and gold and silver bullion dealers, dealing primarily in cash transactions, are at greatest risk! A central bank digital currency (CBDC) is an existential threat to our economy, democracy, and freedoms. Will my precious metals bullion dealer ever take a CBDC for gold and silver? Will buying silver and gold with cash become a thing of the past? Is a carbon footprint tax and restrictions on what you can buy and when you can buy it heading our way? Watch and find out! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

24:17
 
War on cash appears to be accelerating. General public is likely 99% oblivious. They really are going to try and foist a CBDC upon us (in the years to come).
 

Bullion Dealer CANCELLED! He Confronts Bank on Closed Accounts, Cash Deposits, and CBDC!!​

Feb 13, 2024

Why did my bullion dealer just get "cancelled" by his bank?? In this video my bullion dealer shows a letter from his bank (TD Bank) telling him that all his accounts will be CLOSED! Tim Marschner of The Coin and Stamp Shop explains what happened with his bank, why it happened, and what he's going to do about it! Were his cash deposits too much? Do banks hate coin dealers or are the risks just too high to work with any cash-based business? Is this Canadian bank simply shutting down accounts they don't like--similar to what they did to the trucker protestors two years ago--or is there something more nefarious going on? I ask my gold and silver dealer what he thinks is coming NEXT with cash and a central bank digital currency (CBDC), his words are sobering. I think all American patriots and stackers should be concerned that OUR accounts and wealth could be at risk! As I've said many times, BE THE BANK! Don't wait for a 21st century run on the banks to take you by surprise! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

21:14
 
^^^^^^
Related

More COIN SHOP bank ACCOUNTS CLOSED! Debanked silver & gold dealers​

Feb 14, 2024
More Coin Shop bank accounts closed down for no apparent reason. Silver & Gold stackers should be aware that this is happening.

11:20
 

Are they SPYING on your SILVER & GOLD purchases?​

Feb 17, 2024
Are they watching your silver & gold bullion transactions? Should Silver & Gold Stackers be concerned or is it just paranoia? Are the banks and credit card companies monitoring your purchases?

11:13
 
I'm listening to the Senate hearing and Mr. Aaron Klein kills it with every question addressed to him. It's strangely entertaining to listen to this hearing.
 
FDIC's gaze
Spotlights framing doomed targets
Banks march from Mordor
 
Backyard Bullion (across the pond)

My Bank Stopped Me Buying Gold & Silver AGAIN - So I stood up to them (I WON!!)​

Apr 27, 2025 #silver #Gold #bank

Original video from me: • My Bank Stopped Me Buying Silver & Go...

https://www.thesilverforum.com/topic/...

My Bank Stopped Me Buying Silver AGAIN and You Won't Believe WHY!!
You read that right — my bank blocked me from buying silver AGAIN, and the reason this time is absolutely shocking. In this video, I share exactly what happened, the excuse they gave, and what it could mean for anyone looking to invest in silver.
If you're wondering how to buy silver, where to buy silver, or what roadblocks you might face along the way, this story is a MUST-watch. Whether you're just starting your journey into buying silver or you're a longtime silver stacker, you need to know the hidden risks — not just in the market, but in the banking system itself.
Could this be part of a bigger pattern? Are banks trying to discourage buying silver? And what can you do to protect yourself and still access silver's full potential?

14:04
 
There are Woked-up banks out there - and you can guess who they are.

My bank was Bank One. Which was absorbed into Chase.

Which takes a dim view of private ownership of metals.

I haven't tried to wire or get a certified check to buy PMs in years; and I last wrote a check to pay for them (Kitco) twenty years ago, but I needed a place to STORE them.

And especially before it was obvious we were entering a Fourth Turning (before I even heard of Strauss or Howe) I wanted a Safe-Deposit box.

It was about twelve years ago, Chase fired the opening volley on the War on Metals - by expressly forbidding cash or gold bullion in SD boxes. Which of course raises the question - what are they for? Replaceable car titles? Deeds, that are now recorded digitally? Books of Green Stamps?

This was also about the time Blythe Masters, there at JPMC, was caught - repeatedly - gumming up the metals market with various derivatives.

No, Chase is not now my bank. Nor will it ever be, again.
 
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