/biz/ - Business & Finance

>>57250033
>implying spot price is 'the cost'

>>53552610
>doing a ~10k purchase so worth my time to know more.
Read the sticky, fren. It's all there.

>>53473868
>or go back to 1500$
yes please
>>53473884
>hope gold tanks
fingers crossed

>>53073130
>I'm asking about what the shuffling around means
Put simply, it's a shell game and if everyone holding paper silver wanted to collect the COMEX wouldn't have the physical to cover it. JP Morgan has been injecting the vaults with physical, but not nearly fast enough to meet demand, nor is there enough silver mined to meet the demand. It's all a (((trick))).

>>50983125
I have this.

>>50453216
>because there is a general abundance of silver that is available to be mined.

>>49950348
For the love of God, free them!
>>49951823
>wish payday would hurry up
mfw I get paid biweekly...
>>49951962
>missed a delivery attempt by UPS today cause I was napping.
If my silver is due to arrive on a Saturday, I'm looking out that window every 17 seconds like a fucking crackhead. Piss poor anon. You deserve the wait till tomorrow.
>>49956467
>any midwit can look at their arguments and disregard them off-hand
Which is why shills use different tactics here such as derailment, or straight up just trying to piss off our frenly community with insults. Can still see them for what they are relatively easily.

>>49620702
>rarely mention silver as a monetary meta
I wonder why that is? Hmmm.
>Silver is going to be needed for this green bullshit economy these assholes have planned
Yes.
> silver will become like copper did for water pipes and electrical wire.
How much silver exists in relation to copper?

Is this image true? I can't imagine there's only this much of it available, it seems wrong.

Is this image really accurate? It feels like there must be more

>>28649044
If you are in a city and worried about a shtf scenario, get a motorcycle so you can get out when the roads are gridlocked

>>28127149
>Bought cheap UVXY options to flip during next sell off
>My SOXL and TQQQ printing money as usual to cover all my expenses
>Silver miners are taking off, silver is going to stealth creep up the next few months
>Sold all my Meme stocks at ATH past few days and made enough to buy a Tesla off the lot.

Things are looking good I have to say, hope everybody shakes off the vojo and hops on the midnight train to success

Precious Metal Facts:

- Historical Median price of a home relative to gold is 100 ounces [during a depression] to 500 ounces of gold [during a boom]. Average median has been 300 ounces of gold or roughly 555k USD.

- The average Gold/Silver Price Ratio during the 20th century was 47:1, yet today is 70:1. For perspective, the Gold/Silver Price Ratio was 10:1 in ancient times.

- There is an estimated 1,600,000 tonnes of silver and 171,300 tonnes of gold in circulation. This makes the "true" Physical Silver/Gold ratio 9.34:1.

- There are 32150.7 Troy ounces in a Ton. This means 51440 million ounces of silver have been extracted to date, this includes silver that was lost/processed due to various industrial demands throughout history.

- 51440M Silver ounces divided by 331M US citizens = 155 ounces available per US Citizen. Likewise globally 51440M/7800M people = 6.6 Ounces of silver available per human on earth.

- It costs miners $10.56 to mine and refine an ounce of silver, however existing silver mines are becoming increasingly exhausted by mid 2020s due to surging demand.

- Silver has many applications in Medicine, Electronics, Solar panels, EV's, Jewelry and more.

Precious Metal Facts:

- Historical Median price of a home relative to gold is 100 ounces [during a depression] to 500 ounces of gold [during a boom]. Average median has been 300 ounces of gold or roughly 555k USD.

- The average Gold/Silver Price Ratio during the 20th century was 47:1, yet today is 70:1. For perspective, the Gold/Silver Price Ratio was 10:1 in ancient times.

- There is an estimated 1,600,000 tonnes of silver and 171,300 tonnes of gold in circulation. This makes the "true" Physical Silver/Gold ratio 9.34:1.

- There are 32150.7 Troy ounces in a Ton. This means 51440 million ounces of silver have been extracted to date, this includes silver that was lost/processed due to various industrial demands.

- 51440M Silver ounces divided by 331M US citizens = 155 ounces available per US Citizen. Likewise globally 51440M/7800M people = 6.6 Ounces of silver available per human on earth.

- It costs miners $10.56 to mine and refine an ounce of silver, however existing silver mines are becoming increasingly exhausted by mid 2020s due to increasing demand.

- Silver has many applications in Medicine, Electronics, Solar panels, EV's, Jewelry and more.

Due Diligence Edition

>PHYSICALLY BACKED ETFs
Gold: $PHYS > $GLD
Silver: $PSLV >>> $SLV
Good miners: $AG, $PAAS, $GPL

>Why Gold?
https://www.youtube.com/watch?v=i3S4rl6ehiI
https://www.youtube.com/watch?v=gksenA5Al_A
https://www.youtube.com/watch?v=FI7NnOg2rxo
https://ghostbin.co/paste/r5oe6

>Bullion dealers
https://store.firstmajestic.com/
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.com/
https://silvertowne.com/
https://goldsilver.com/
https://pinehurstcoins.com/
https://sprottmoney.com/
https://goldsilver.be/en/
https://silvergoldbull.com/
https://www.goldeneaglecoin.com/

>Constitutional/"junk" silver info
https://jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
http://coinflation.com
http://coinapps.com/

>Compare
https://findbullionprices.com/ (US)
https://eu.compare.pm (EU)

>News
https://kitco.com/
http://silverseek.com/
https://mining.com/

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

>Prospecting
https://www.youtube.com/watch?v=ZCL6FKQZyoM
https://usgs.gov/energy-and-minerals/mineral-resources-program/science
https://gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
https://amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
https://www.youtube.com/watch?v=3mg9YcAShTo
Magnets
https://www.youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

>EU/ENGLAND sources
https://www.coininvest.com/
https://www.chards.co.uk/
https://goldprice.eu5.net/

>Russian/European coins
https://oldsilver.ru/

Previous thread: >>27534499

Due Diligence Edition

>PHYSICALLY BACKED ETFs
Gold: $PHYS > $GLD
Silver: $PSLV >>> $SLV

>Why Gold?
https://www.youtube.com/watch?v=i3S4rl6ehiI
https://www.youtube.com/watch?v=gksenA5Al_A
https://www.youtube.com/watch?v=FI7NnOg2rxo

>Bullion dealers
https://store.firstmajestic.com/
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.com/
https://silvertowne.com/
https://schiffgold.com/
https://goldsilver.com/
https://pinehurstcoins.com/
https://sprottmoney.com/
https://goldsilver.be/en/
https://silvergoldbull.com/
https://www.goldeneaglecoin.com/
r/pmsforsale

>Constitutional/"junk" silver info
https://jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
http://coinflation.com
http://coinapps.com/

EU/ENGLAND sources
https://www.chards.co.uk/ [Much cheaper than BullionByPost]
https://goldprice.eu5.net/ [Website to compare gold prices for UK]

Russian/European coins
https://oldsilver.ru/

>Compare
https://findbullionprices.com/ (US)
https://eu.compare.pm (EU)

>News
https://kitco.com/
http://silverseek.com/
https://mining.com/

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

>Prospecting
https://www.youtube.com/watch?v=ZCL6FKQZyoM
https://usgs.gov/energy-and-minerals/mineral-resources-program/science
https://gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
https://mndm.gov.on.ca/en/mines-and-minerals/mining-act
https://amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
https://www.youtube.com/watch?v=3mg9YcAShTo

Magnets
https://www.youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

Previous thread:

From https://mises.org/library/constitutional-dollar

>....In his meticulously researched two-volume work, Pieces of Eight, constitutional lawyer Edwin Vieira Jr. shows beyond any doubt that the constitutional dollar in the United States is an "historically determinate, fixed weight of fine silver." The Coinage Act of 1792 is but one source among many that makes this evident, reading,

>"the money of account of the United States shall be expressed in dollars or units … of the value [mass or weight] of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure … silver.

>The United States has a legal and constitutional silver standard, although we would not know it today, since the government has illegally and unconstitutionally removed silver as currency and replaced it with the Federal Reserve notes that we know as dollar bills. The term "dollar bills" obscures the actual and tangible meaning of "dollar" as a specific weight of silver.

>The United States has historically minted gold coins as well as silver coins, as the constitution instructed. It regulated their "value," the weight of gold they contained, in order to bring the meaning of a gold dollar into conformity with the silver standard coin, which contains 371.25 grains of pure silver....

>>21754289
Wrong. Silver dipps at the end of each month when wages come in so you can buy more. 1st of each month is the best day to buy.

>>16355648

Silver is lost through manufacturing~

Unbelievable, not one person mentioned silver yet.

Well I'll just buy more then.

Hello friend. I do not have time to read this entire thread to see if what I'm about to say is already there.

Basically for time sake.

You are already smart enough to stumble into precious metals. I wont try to sell you on them.

Let me just implore you to study the gold to silver ratio though.
I'll also point out it has not been this high except for a handful of times, since going fully fiat.

What you then should do is strictly and exclusively be buying only silver.
Close to spot as possible. It doesn't matter who stamped the round/coin. As long as you can sell it easily.
As long as silver is above 60 to 1. (it's now above 80 to 1.
When Silver gets to below 60 maybe start thinking gold too. 50 or lower especially 40-20 you want to start changing your silver into gold.

Historically it is 10-1.

I don't know if it will get back there.

Another interesting fact is in the 80s in America. You could exchange 1000 oz of silver for a median house. I also do not know if this will happen again.

You wont get destroyed owning just gold. But you might not capture your complete hedge potential. Gold is manipulated by the elite, but it is still the elites money. Silver is the peoples money.
That is why the demonetized silver in 1873 years before they confiscated the gold in 1933

Good luck.