/biz/ - Business & Finance

>>23805604
>should I be day trading?

No, daytrading is practically guaranteed to lose money over time. Buy and hold wins in the long run.

>>22966157
Goldmining inc is getting a NYSE listing on october 6th!

https://www.prnewswire.com/news-releases/goldmining-announces-approval-for-listing-on-nyse-american-and-inaugural-trading-date-301143513.html

>>19179675

Yes, one gold buffalo will buy a home very, very soon

Oh, wow. $700,000 goy bux
$700,000/ Spot price of golb at $1750 on a good day
400 ounces of fine ass golb
multiply 400 golb by $50 face value
Now you only have $20,000 golb backed goy bux
Not so rich now, are ya buddy??

>10,000 hyper inflated goy bux
Wow, that can get you, like, 5 1/2 ounces of real money.

10,000/1750 = 5.7
5.7 ($50 face value) = $285.71
Congrats. You have less than $300.

Stupid gambling mong.

/PMG/ - Precious Metals General
"Pic related is comfy AF" edition

"...cash is not a very convenient store of value..."
- Janet Yellen (Federal Reserve Chair), Q&A after speech March, 2015
"By your wisdom and your understanding you have made wealth for yourself, and have gathered gold and silver into your treasuries;"
- Ezekiel 28:4 ESV

Ways to invest in precious metals:
- Physical Gold/Silver/etc
- Sovereign PM bonds (SGBs)
- Mining stocks
- Gold backed Crypto, i.e. Tether Gold (XAUt), PAXG & others

Wiki on verification of gold.
https://www.wikihow.com/Tell-if-Gold-Is-Real

Bullion tax info by state:
https://www.apmex.com/state-sales-tax-information

Recommended online dealers for US:
https://www.jmbullion.com/
https://www.apmex.com/
https://silvergoldbull.com/
https://monumentmetals.com/

Gold Panning
https://www.youtube.com/watch?v=ZCL6FKQZyoM

Spot silver deals & a good site to check prices of competitors:
https://findbullionprices.com/buy-silver-at-spot-deals.php

YouTube/Reading Resources:
https://www.youtube.com/watch?v=EK2Y9fVEbD0
https://www.youtube.com/watch?v=lsUaTzRCv68
https://www.zerohedge.com/commodities/gold-silver-ratio

>>18261658
Buy a 1/10 troy ounce gold coin or a 1 ounce silver coin. You can also buy a junk silver coin.
But here is the interesting part: you will also buy a plastic capsule for your coin; I recommend the Air-Tite brand, ringed white or black, or direct fit, since this will fit any coin (there are several sizes and "adapters" available).
This will be your #1 (precious) coin, the one you will never sell. It doesn't matter if you had other coins before; this one is to start saving (never tell yourself this is for profit; you want to evade devaluation, gain aligning with your lifespan is a bonus).
As such, I would recommend a maximum of 500 ounces (you can buy official tubes and plastics later; stick to the same coin, as I said in >>18261835) and the rest should be put into gold.
I have heard that the Affordable Care Act, in the US, put a US$ 600 limit--I'm not sure this is the actual number--on precious metals purchases with cash, so you should buy the 1/10 toz coins. Ten of these are more expensive than a single one ounce coin, but coins over the price limit only will be sold for cash if your coin dealer ignores the law.
If possible, stick to bullion pure gold coins (Buffalo, in the US).
All American Gold Eagles are alloyed with copper, and can become reddish over time, something that you can evade with the plastic capsules. Maybe Buffalo coins are available in fractional sizes (smaller than 1 toz), but I'm not sure.
Photo is obviously not mine, I wish it was. Maybe someday, but I'm leaning towards the Austrian Philharmonics because its cute, glass-transparent tube for 10 coins.
I had a little gold and silver, and was forced to sell it because of The Virus. Bought as savings, they performed their function. After this is over, gold and silver are still within my reach, I'll buy again.

>>18190665
faggot do you how much work it takes to dig the shit out of the ground, separate, smelt, refine and press into bullion? Gold is a representation of the labor that it took to mine it out of the ground you dum dum. And unlike fiat worthless debt notes, gold is finite
>inb4 HURR DURRRR ASTEROID QUINTILLIONAIRE
just shut the fuck up

www.youtube.com/watch?v=2ERb87Zphhc

GOLD IS BACK AT $1,600 BOYS
DOLLAR COLLAPSE SOON
IT'S NOT THAT GOLD IS EXPENSIVE, IT'S THAT THE DOLLAR IS GAY AND WEAK
I LIKE STRONG, SOUND MONEY LIKE GOLD! GOLD IS WINNING, BIG LEAGUE!

Onlee Golb ID's Mag eeed :DD

Buy gold, faggots