/biz/ - Business & Finance

>>18686662

Self bumping with a story.

Yesterday, I am on ebay bidding on an ounce bar, I have $35 in gift cards that I think will allow me to big high and still get a good price. I put in a bid that would put the strike price at 5% premium over estimating the gift cards will lower my bid to a respectable 3.5% over spot. I win the auction. As I am going to close out, i find out you can't use gift cards on bullion for some bullshit reason. I understand when credit cards prohibit buying gift cards or lottery tickets to avoid revolving purchases to ramp up rewards, but why would using gift cards to pay for a purchase be restricted to non-bullion. It's like the "happy merchants" at ebay never want their scrip used for anything that might go up in value.

Are silver premiums worth it? I'd be paying $38 aud for 1oz silver

>>18686796

It depends on the premium, DESU. a sub 20% premium over spot is great, especially if you expect the price to go up. OTOH a premium between 20-30% over spot is common and a premium of 30%+ is highway robbery. Especially as silver is not seeing a real bull charge like gold.

If I bought several batbois and added some cheap rubies to the eyes could I sell them as coronavirus commemoratives for profit?

>>18686896

On ebay maybe.

>>18686796
What's your goal? Why are you investing in silver? And what's your time frame?

>>18686896
YOU FUCKING BAD BOI FAGGOTS ARE WORSE THAN LINKIES.

>>18686791
I'm guessing they jew the seller somehow when you pay with a gift card or theres a risk of it being fraudulent, but who knows

>>186869

uh cuz the petrdollar is finished. silver is not an investment it is real money and real savings.

would you buy gold at these prices? I want some but I think it will dump before it pumps again.

>>18686791
welcome to technocracy. There are many items that are not allowed to be bought or sold on ebay/amazon + if you have credit in your account they can also close your account and confiscate the funds because it is not money. The same can be said about your gift card. They already got the money and now they do whatever they want with your (((credit*))). Good story though

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>>18686937
im getting coronabux payment from govt., gonna have an extra 400 ish to throw around every 2 weeks, i want to invest it all and i think stacking is a good choice

>>18687111
That doesn't really answer the time frame question. I mean what kind of time frame are you looking to sell in? If you're not making a profit, or if you're down a bit in six months, are you going to sell? Or are you down to hold for years?

>>18687160
oh, im looking to stack for 6months or so buying some every 2 weeks, then hold indefinitely, or until some major event boosts silver to its real price

>>18687186
Then yeah dude I'd say buy at least some now but keep it a limited buy. The odds that the shortage lasts 6 months are low, but if it's still this hard to get silver in 6 months you're going to be really glad you sprung for a few ounces. Worst case scenario you lose like one hundred euros. Not that big of a deal if you're getting four hundred to throw out every two weeks.

>>18687229
okay bro, i will try my hand in some stacking

and is buying 1/10th oz gold worth it? or is that too small an amount to be a worthwhile investment

>>18687302
Dig a little deeper for a quarter oz.

>>18687302
Maybe a few months ago I would have said nah only at least 1 oz is worth it to get closer to spot price. But now who knows, actual physical metal is getting hard to come by and we are looking at a possible meltdown in the fake paper markets and a run on physical metals that could happen at any time. Could be a few months, could be longer, nobody knows. So better to have one bird in hand while you can still get it

>>18687302
probably not at that point I'd just buy GLD.

>>18686791
what gift card was it, an ebay gift card? a prepaid giftcard?

>>18687358
Don't buy ETFs unless you're just a short-term trader. Read the fine print, you are only the beneficial owner, not the actual owner. As with most financial terms it means the opposite of what it says, the beneficial owner is the LAST in line to benefit. So when the manipulated paper markets finally collapse you won't see shit. Remember that the custodian for the GLD is HSBC, and the custodian for the SLV is JP Morgan. If the longs suddenly want to start taking delivery on their contracts, there is simply not enough physical for everyone (and by a gigantic margin too).

This is directly from the GLD prospectus (you ARE reading prospectuses for everything you invest in right??)
>If the Custodian becomes insolvent, its assets may not be adequate to satisfy a claim by the Trust or any Authorized Participant. In addition, in the event of the Custodian's insolvency, there may be a delay and costs incurred in identifying the gold bars held in the Trust's allocated gold account.

If you really must, look at PHYS instead

>>18687302
i bought a 1/10 oz austrian phil gold and now it's sold out. even if you go for 1 gram bars they are sold out. it's happening. mines are closing. next big panic will happen when USPS/UPS halts service.
https://monumentmetals.com/1-gram-perth-gold-bar.html

>>18687504
its not that the mines are closing, its that most of the big ones closed to stop their workers getting infected. They wont reopen for at least a month or two depending on how long this shit show lasts. Since thats happened gold supplies to the manufacturers have dried up, and most mints and assayers have closed for the time being.

>>18687302
So here is what I would do. Take the 1/10th oz of gold and imagine you are buying enough to make a full oz of gold. Now compare that price to purchasing a full 1 oz outright. . Doing 1/10th oz of gold you are paying like 2200/2300 if you would get a full oz that way.

Personally I try to do 1/4th oz gold or go with silver or wait for available funds.

What would be a realistic price if silver moons?

If anyone wants to know anything about their local mineral wealth and how to access it, ask it here, I will be making each answer as short and simple as i can so i stop cluttering up PMG for the rest of you anons.

>>18687643
if gold goes to 3k like some banks and mining firms think it might, I would not be surprised to see $100 an ounce silver, maybe a little higher, but we would need serious shit to happen to go any higher.

>>18687668
Oklahoma. Also Maine since I may move there in 2 years.

I like your stuff man and I think many anons to as well

>>18687643
I wouldn't worry so much about it mooning but I would rather look at it as like many say a hedge against the value of the dollar. Historically, 1/10 oz of silver is worth a days labor and that still holds true in some parts of the world, so knowing a likely price is hard to really gauge given we don't know exactly how things will play out. If you wanna buy silver as a get rich quick, may as well find a shitcoin and do the needful, or not. Look to history and watch some of the youtubers to get the basic idea of things.

>>18687693
So if Gold goes to 3k, or rise like 80%, silver is going to rise over 5x its value? Hell, if the ratio gets that low I would consider trading silver for gold at 30:1.

>>18687695
Oklahoma has glacial gold but its so small its basically pointless to go after it. Maine has two gold belts for hard rock which are a pain my ass to try and read about so I ll post you a link in a bit. Read up on the Swift River, Sandy River and Nile Brook are well known for easy fine gold but no nuggets.

>>18687744
Thats only my humble opinion, but i could see it happening.

>>18687452

It was a ebay gift card I had picked up, but I never read the terms and conditions until I tried to used it, boy was I schlonged.

>>18687614
does this mean smaller mines are still operating? in previous threads you mentioned PVG, and the Haile mine which is now owned by Oceana.

>>18687668
Pan Man, would you kindly share thoughts on the Azusa River Wilderness Park area. it's near Mt. Baldy in California.

>>18687790
Tell me about the tristate region of Indiana, Michigan and Ohio. I know there is a massive salt mine under Lake Eerie near Cleveland.

How'd I do for my first buy?

>>18687805
Hey, if that happens that would move mountains and I can actually see it potentially. Some fringe people think the rate is going to get beyond historical levels which I guess we are all allowed to dream lol.

>>18687744
Does anyone here actually have any kind of experience trading gold/silver? Do most dealer shops do this? What kind of premiums are you looking at?

It would suck if it was the same percentage amount lost as if you sold your silver for USD (taking a 5-10% hit) and then bought gold with that USD (taking another 5-10% hit). Do they make the swap as one transaction with only one 5-10% cut?

>>18687834
Nice.

>>18686796
ABC bullion are selling 1kg bars in Sydney at a good price but no delivery til june

>>18687668
i plan to pan around here once the lockdown ends, really regret not doing it before:
https://www.google.com/maps/place/Big+Santa+Anita+Canyon/@34.1957404,-118.0223679,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipOEP2RYJE2iLmZ6y0-ptJn8KI13uS7996rrGpn-!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipOEP2RYJE2iLmZ6y0-ptJn8KI13uS7996rrGpn-%3Dw86-h114-k-no!7i3024!8i4032!4m12!1m6!3m5!1s0x80c3270edf57ff2f:0xda8e11ced2b64192!2sAzusa+River+Wilderness+Park!8m2!3d34.1609845!4d-117.8925906!3m4!1s0x0:0x25fc4f860c696622!8m2!3d34.1957416!4d-118.022368

>>18687744
gold is already $3k if you look at 1 gram pieces on ebay which are selling fast. and 1 gram pieces are sold out across all major online dealers.

jmb has a 1/10 oz gold american eagle but it's not 9999 gold. not even 999.

>>18687821
First off, yes and no, currently in Canada, where I am, I believe mining is still considered an essential service so many mines are still running, while i think about half have shut down to stop rural communities they are supplied from being contaminated by their fly in staff from other parts of the country.

Last night i did see that the Haile Mine is closed for the time being, but it was only operating at 50% capacity anyway for mill upgrades.

Looking at my California 1850 claims map I do not see anything of interest in the park, how ever there are over 20 hard rock claims in Joshua Tree national parks boundaries and nearby region. Also Catalina Island strangely enough had a rush that lasted a year but was cut short due to the civil war. I would look there for ore, all the reports say visible gold was being recovered from surface quartz showings on the island.

>>18687853
Honestly I have no idea, but say it was 40:1, I could reasonably expect doing 40-45:1 for a trade but thats just me.

>>18687822
Unfortunately there are is very little info on gold in that territory. Michigan does have a few hard rock mines but they are all heavily staked and very active, gold there is mostly glacial, ground down from the northwest territories and scattered across the midwest. Same goes for Ohio.

>>18687668
What do you have on western MA? I've heard the mill river and couch brook is somewhat plentiful with placer.

>>18687907

Is there any way you can get to a 1/4 oz? The big issue with fractionals is that you are paying a massive premium for them, if that is all you can afford then its your choice; personally I would do silver or save up a bit for 1/4 if it came down to it, but thats just me.

>>18687744
Based and Maloneypilled

>>18686941
We're cornering the market, right here in /biz/

>>18687907
It's still 1/10 ounce of gold it just has a little copper mixed in to make it harder. The total weight of the coin is more that 1/10 oz.

>>18687895
never know what you might find, have a look and report back

>>18687988
It's funny, I do watch him lol. But some people think the ratio could go back to even 8:1, which depending on the severity and the state of the dollar I can see it, potentially a gold grab.

>>18687979
look up the Berkshire River, Westfield River, as well as Couch Brook. There are reports of fine gold in these creeks. Deerfield River has gold as well as platinum flakes, but its mostly glacially spread material, so few if any nuggets. Best option would be to look for mossy bedrock, panning as I would go until i found a hot spot.

>>18687991
How many Bat Bois are enough to make it? I am putting another order in this next week, looking at a bit more gold or some 10oz bars of silver.

>>18688054
Thank you, PAN MAN. I have a lot of researching to do before making it out but I appreciate the tip.

>>18687983
>Is there any way you can get to a 1/4 oz?
i don't know what you mean by that, but yes 1/4 oz are available for sale but expect those to run out soon toon.

basically 1 grams, 2.5 grams and 5 grams are seen as affordable ways to accumulate, more accessible, easier to trade/sell in a pinch, thus they run out fastest but they are most liquid.

1/10th are starting to sell out, next will be 1/4 if this trend continues. i would say best deal if you can't afford a full oz is 1/4 or 1/2.

>>18687931
much thanks

>>18688133
>basically 1 grams, 2.5 grams and 5 grams are seen as affordable ways to accumulate
That is insane given the premiums on those. When I said get to 1/4 oz I mean purchase 1/4 oz over the 1/10 oz. At 1/10th oz I personally would look at silver.

>>18687310
>>18687642
>>18687876
yeah, ill probably go for a 1/4 ounce seems like a better deal.
is silver the same kind of thing? am i better off buying, say, a 1kg bar instead of the same amount over time in coins?

>>18688133
>>18688233
But you are right though, the smaller pieces are likely to go first. I am seeing fewer 1/4 oz pieces available, the 1 oz gold seems like you can get what you want unless it is super specific.

>>18688233
Holy shit people are getting hosed for such small amounts of PM. I thought the premiums on my nuggets were crazy!

Is any metal worth $1-2 an ounce?

Buy all the bullion you can before the crash happens!

>>18688262
Larger piece you order means you will likely pay a smaller premium. Imo I like the 5oz or 10oz pieces. the kg pieces are probably fine but most people don't know the conversions well enough, also a 1 kilogram oz of silver might be harder to sell over say a 5 oz piece of silver. I would look at your overall goal on what you want for the purchase and think about the pros and cons of large denominations vs smaller denominations.

>>18688277
it's really bad. sometimes half ounces are among the closest to spot on FBP. there's never anything below that though

>>18688277
It is why I have fallen into the 1/4 oz gold pieces if I were to buy gold. I only have so much liquid cash available at any given time and I don't feel comfortable keeping too much just sitting there right now.

>>18688284
only precious or semi precious metals are traded by ounce, basically everything else is in pounds or kilograms. Aluminum by the looks of it though is trading at .04 cents an ounce.

>>18688324
i am looking at 1 gram wafers online right now and really didnt realize how bad it was, I ve never bought gold like that, if I wanted a gram of gold i would just go dig for like 3 hours. This is bullshit.

>>18688346
Most people just want to get their hands on whatever they can right now, that is the tragedy but say you go on facebook and say; hey here is what gold and silver are and talk about their history and whatnot. People will just tune out.

>>18687668
Does northern MN have anything other than iron ore? Asking for a friend.

>>18688346
>>18688379
You might get away with posting Mike Maloney of Peter Schiff but no one wants to watch multiple hours worth of videos just try to understand this if their livelihoods and putting food on the table is being thrown in their face every day.

>>18688379
in the morning I am calling the dealers I sell nuggets too, I should find out if the premiums have gone up any higher. A lot of guys like me though 15% was getting up there, 20% early this year is nuts, if its any higher I would be surprised if they can sell nuggets.

>>18688263
>>18688305
premiums are also much higher for smaller fractionals because they are harder to make, and come sealed in an assay card. however there are fake pamps that come sealed in a fake assay. as with anything if you buy it in a larger amount you get a better deal.

>>18688262
>am i better off buying, say, a 1kg bar instead of the same amount over time in coins?
yes. and gold is at all time high relative to silver, so buying gold has worse risk/reward right now compared to silver which is still love. gold spot and miners are already up a lot. they can go up higher of course, many projections at $3k.

>>18688277
i would love to buy a small nugget but only direct from an actual prospector.

>>18687983
10 grammers aren't too bad in regards to premium on ebay

>>18688397
Lumber & tourism.

>>18688346
yeah, but most people interested in PMs, probably 95%+, don't have mining claims. the way i see it, when i buy gold i am also paying for the service and the finished product. i wish i was smart enough to buy mining claims though but surely that comes with another set of challenges like finding the gold, extracting it, sending it to assay, etc.

if you look at the cost of gold exploration, $1800-$2000 of fake fiat in exchange for 1 toz. gold is a huge bargain

>>18688424
Do it, let us know what its like on the ground.

>>18688427
To some aspect sure, but right now you are looking at hundreds of dollars in premium per oz if you buy grams or 1/10 oz.

>>18688436
10 gram pieces might be ok, but personally I like official minted pieces. I don't know much about the gram pieces and validity to say much more.

>>18688427
most websites ive seen have a really bad premium on silver kilo bars for some reason. 10oz seems to be the sweetspot for most websites.

>>18688397
there is a lot of fine glacial gold scattered all over the place, the iron range would be where I would look, Rainy Lake has gold but again its mostly very fine, you would need to find a good concentrated area to hand work to make a profit. However! there are little to no restrictions on hand mining there, so go at it mate!

>>18688462
yes i am the odd sheep out in this group for the most part. I just don't usually ever buy gold unless its for laboratory work.

>>18686662

I went on kind of a spree this week.

I ordered:

3 Kilos Asahi Silver
1 10oz SGB Bar
10 5oz Bat Bois
3 1 oz secondary gold bars
1 100g Valcambi bar

Pretty pumped

https://www.providentmetals.com/1-ducat-netherlands-gold-coin-ry-vc.html these are basically $1830 an ounce, not a great price but not awful either.

Now you're giving me ideas PAN MAN, I'm sure you've mentioned this before and I probably overlooked it, but what kind of hand held sifting pan should someone like me get? Bear in mind that I would just do this for fun and not to make a profit so low start up costs would be ideal.

>>18687853
I have been thinking about this question some, and have been thinking about it for a little while now. But when it comes down to actually sell, in what way do people think we will be able to actually sell?

>>18688542
Keep up the good work man I always enjoy reading your stuff. Wish I was in a in an area where I could go diggin around and find pm’s. Your post above doesn’t give me hope kek (Hoosier)

realized something today: all wars were fought over gold and by extension, control of currency/banks. surely the trend goes far back, but more recently:

1. hitler and the japs were accumulating gold, these were the "bad dictators" who had to be toppled. their gold taken from them
2. saddam/gulf war/kuwait...involved gold, saddam was the bad dictator who was accumulating gold
3. gaddafi...accumulated gold, was a bad dictator, wanted his own currency. they killed him and took his gold
4. syria, assad, gold probably involved as well.

given recent events, oil seems quite abundant compared to gold. and even though the mideast gulf oil states like saudis and UAE built their fortunes from oil, they ultimately buy gold. these arabs even have gold bar atms at their airports.

gold at $50k per oz isn't a meme but by then you wouldn't even want that hyperinflated currency anyway. think about it this way, a brand new car is around $50k, but there are cheaper alternatives like buying a used car that was made 5-10 years earlier. with gold there really is no substitute, there's nothing else quite like it.

>>18688647
Garret super sluice is the best option for beginners. There are plenty of vids, including the panning vid at the top of this thread which show it in action. Now I prefer metal pans myself as they last longer and I can use it for cooking too when in the bush, but i am the odd case. Make sure you get a sniffer bottle as well, they appear on most prospecting websites for cheap, or make your own from a turkey baster.

>>18688679
I wouldn't necessarily say fought over gold, you can take gold and its somewhere else. Oil you needed to have a presence whether directly or indirectly(see: OPEC). But the currency, then that is where you start getting to a good point to evaluate. Oil is backed by dollars and most global trade is conducted using dollars, so anyone trying to get off the dollars was a threat to the reserve status. As an aside, I can actually see nations moving to gold instead of the dollar given the status of oil.

>>18688679
your not wrong, one of the other reasons Hitler wanted to take over Britain was it held massive gold stockpiles. The brits being smart snuck almost all their physical gold bullion out of the country to a secured hidy hole in Canada. Only 1 kilo went missing during the three trips.

>>18688740
>>18688755
it's also interesting to note that the British Crown has a knack for taking over territories that are rich in gold, e.g. canada, australia. i recently learned that Papua New Guinea is also a loyal subject of the lizard kween.

>>18688740
yes, this is all entry level stuff but worth repeating. in general the wars are for power, but power is abstract and must be linked to something tangible. thus in the usa even though we are off any metals or bimetals standard, they still reference ft. knox. the petrodollar is its own beast and would require hours of analysis. my shallow understanding is that petrodollar and oil business is the fountainhead of jobs both for military and oil/gas/refinery exploration companies. thus the need for fake&gay wars in the middle east against fake terrorists, under the guise of spreading democracy and toppling evil dictators. thus the introduction of a car society and cities, suburbs designed around cars. thus the huge explosion in plastic-made shit, plastic bags, polyester clothing, etc. all petroleum connected products. almost every food item is now wrapped in plastic, even tomatoes in a plastic clamshell container, meat in plastic vac-sealed bags.

given the tremendous effort and smarts needed to prospect for gold, it makes sense that it's easier to just kill a guy like gaddafi and take his.

>>18688495
>>18688719
Thanks for the tips, I'll do a little research, buy that gear, and tinker around a bit. If I come up with anything of note I will be sure to post it on /pmg/ in the coming months. And it looks like you are correct, panning for gold by hand in MN does not require a permit which is odd for a regulation happy state like MN. Since I've never been much interested in fishing I just might have a new lake hobby and even if I don't find anything at least I'll be doing something outdoors.

>>18688930
do your research and go have fun, see if you find anything!

>>18688926
You pretty much hit the nail on the head, but I would alter in the reserve currency status because pretty much all trade is done in dollars via OPEC.

>>18687643
$2458

>>18687668
Pan Man, I'm hunting for this, can you help me?

https://en.m.wikipedia.org/wiki/Lost_Nigger_Gold_Mine

>>18686941
>Not wanting to protect your stack

>>18687991
Actually lol'd

I have $1200

Tell me what to buy. I have 160 oz ASE's and 25 oz of Scottsdale bars. 1 bat meme coin.

>>18688973
Dollar to silver ratio is not the same thing as spot price, I don't know why people keep mixing these two up. In 1913 the spot price was only 60 cents, meaning if you wanted to assume things scaled perfectly today (hint: they won't) then the spot price would be $556/oz.

>>18688968
yes. but there's probably much more to it. some big moves on the horizon. just with gold and silver it will be interesting to see how the ratio changes.

>>18689193
Save more money and buy an ounce of gold

>>18689115
ok, so this could be a pain in the ass to locate, if its legit. Like I discussed in the last thread, more than one mine has been discovered totally by accident, but those were in well know incredibly rich mineral belts.

There is gold in spotty, patchy belts in Texas, the guy who found the ore could have found float, basically a chunk of ore broken from the vein and worked its way to surface, but it would be a massive headache to actually locate. Heck, they dont even describe the ore, if they had it would make life a lot easier.

>>18689212
Ill buy gold later when the silver gold ratio improves and I trade

>>18687475
>If the longs suddenly want to start taking delivery on their contracts,
for the last time, GLD is not a paper ETF it's physically backed, you imbecile.
>durr durr repeat meme buy my overpriced premiums please

>>18688973
cough

>>18689283
What the fuck, is that legit?

>>18689283
>>18689300
explain this picture to me like im a retard because I am

>>18689312
you're not a retard

it's just a literal ratio of dollars to gold or silver to gold or whatever the fuck.

the part they don't explain is none of this matters at all since the price has nothing to do with how many dollars are in circulation or how much metal has been mined. Because neither commodity is essential or tied in any way to the other.

>>18689312
Best I can say is that more dollars exist per physical oz available for purchase to the tune of twice from march to April but say the futures contracts have even gone down. What I mean is, the price to buy an ounce of gold or silver and take possession has gone up, but on the stock market via SLV/GLD the price hasn't changed. This plays into the decoupling theory where the economy price is drastically different than the real price.

FUCK
Bros I bought into the stupid /pmg/ memes, went all in on batbois, mercury dimes and Kennedy half dollars, now I don't have anything left to pay rent next month. What the fuck do I do?

>>18689355
my one question is why?

>>18689260
Both the GLD and SLV are fractionally backed just like your bank is a fractional reserve. Therefore ultimately a paper market. And backed by notably untrustworthy megaconglomerate banks, especially HSBC. Hell even if it was fully backed by a rock solid company it would still be a paper market with counterparty risk. In the event of a crisis the beneficial owner is screwed.

Here's your last pity (You), read the prospectus anon.

>>18689346
>This plays into the decoupling theory where the economy price is drastically different than the real price.
for this to be true you'd have to assume that people NEED to buy silver or gold with their dollars.

this is patently false. It's been false for over a century now.

which is why the ratio fails to reflect market prices no matter how big the difference gets.

>>18689382
Yea, they are apparently accepting 400oz gold bars instead of 100oz bars. It is part of the reason why I wanna buy into gold over silver right now. I don't trust what is going on and rather try to buy from current supply over new supply(if it even exists).

>>18689300
>>18689312
>>18689283
that's what happen when you go brrrr with no assets to back it up.
Imagine the economy as an inverted pyramid, at the bottom you have a tiny amount of real assets (houses, manpower, gold, silver,..), then above you have a big pile of futures and ETFs backed by said assets, then on top of it you have an even bigger pile of CDO, CLO, MBS, etc, backed by the futures/ETFs, then on top of it you have a gigantic pile of CDS, backed by the CDO and MBS, then finally on top of the CDS pile you have a 1.2 quadrillions megapile of derivatives backed by the CDSs.
Basically our whole (((financial))) economy is an enormous, hypertrophied mastodon backed by a skeletic, famished real economy itself based on a really tiny amount of assets. Among thoses assets you have PMs, which are the only real stores of value.
So the day this mega hot air nothingburger ponzi scam economy implode, gold and silver will have to absorb all the wealth, as it always do when everything go burst.
But this time it will be of unimaginable proportions. 1oz of silver could very well be worth $4000.

>>18689411
No one ever needs to buy gold or silver, but how heavy does a wheel barrow of cash feel to lug around? Our money was gold backed til 33' and off the gold standard in the 70's, so 100 years is patently false. Every time devaluation or fiat is implemented the system always fails, every time.

>>18689429
>1oz of silver could very well be worth $4000
Doesnt mean much when a loaf of bread ends up costing a billion dollars.

>>18689458
Of course i mean by today USD valuation, so by next year an oz of silver will be worth $400,000,000,000 of clown money.

>>18689445
we banned private ownership of gold a long ass time before we went off the gold standard. As you'll recall the gov stepped in and confiscated all the gold in circulation and then held the price down for almost 60 years. And it was another 50 years ago when they finally stopped that nonsense.

gold and silver might go back to being currency but it's extremely unlikely. Any collapse of the dollar large enough to produce that result will also destroy trade and the concept of money, including the security necessary to trade metals.

>>18689482
Its why everyone is racing towards a digital currency. At this rate nations will be doing trade in gold rather than dollars.

>>18689482
You are wrong, the implosion of the current system will provoke a huge need of confidence from private and institutional investors. No one will trust funny money anymore, no one will trust clown shitcoins either nor memestocks.
The ONLY way to restore confidence in state issued currencies and into financial markets will have to associate the blockchain into a decentralized coin backed up by gold & silver who is securized in a LBMA-type vault with constant audits. That's the only solution.

>>18689445
>>18689482
This kinda goes into PAN MAN territory because from ~1913-1950 it was illegal in the US to mine gold.

So all these immensely valuable gold mines that were turning a profit on $18/oz gold were forced to shut down and most of them never re-opened. Now gold is going for 100X that amount and suddenly these old gold mines are getting a second chance.

but make no mistake, the banning of mining, ownership, and sale of gold for over 60 years effectively decoupled the dollar from gold. The ratio of metal to metal or metal to dollar doesn't matter in the slightest because the currency has nothing to do with metal now. Hasn't for a very long time.

>>18689539
>You are wrong,
maybe. Neither of us can predict such a future.

but my guess is any total collapse of the $ will result in the fall of civilization and the death of most of the western populations. Lead will be king, not gold.

>>18689547
Then how would a layman value an oz of gold?

>>18689222
Checked. Thanks Pan Man.

I'm a 60 oz silver stacklet, thinking of getting some gold. What's the closest to spot in the 1/4 Oz to 1 Oz range?

>>18689577
hard to say, i am only a prospector, i dont buy gold often, but someone here can probably answer.

>>18689519
>At this rate nations will be doing trade in gold rather than dollars.
We are alrdy there fren, for the most part it's secret deals but a lot of countries now require a 10-20% payment in gold and 80% in floating currencies on military/radar/satellites systems and others highly strategic orders, that's a fucking revolution and yet no one speak about it.

>>18689565
during the ban? the government set the price at $35/oz until 1975. However it was illegal to own so it was worthless.

how would one value it now? go on google and check spot prices. That's what someone will pay for it, so that's what it's worth.

How to value it in the future? You can't. Nobody knows what it'll be worth in future. Historically its buying power has rarely changed, but that doesn't mean it never will.

>>18689561
comon bruh, the madmax scenario will never happen and you know it. The jewish overlord grasp is way too tigh, only thing who can emerge is an even more dystopian future of governmental tyranny with social credits and 35% of the jobless population being hired as cops to protect the system and leech onto what remain of the workforce. That's always how it ends up, and they alrdy are ready for that, especially China and the US.

No chaos, only more NWO.

>>18689547
You know whats really amazing, only 4% of those closed mines, reported by the USGS and the BLM separately have ever been looked back over by a large company. There are hundreds of small mom and pop style mines that were never looked at again after WW2, many because family members died and no one was left to work them, other times it was because the secondary metals value was to low in the 40s/50s to be worth returning. Either way these mines are everywhere in the US and Canada, and the ore is still there for the most part.

>>18689660
Yep, that's what I was getting at in the other thread about guys in suits out digging muck off the mine dumps to assay. In the US at least the companies are starting to take an interest again.

the trucks I saw were anglo gold ashanti and freeport macmoran. Some big companies starting to take an interest in some very small mines.

>>18689657
You're probably right, but why would a new order go back to a less profitable system? If anything we'll see a lot more fiat and a lot more inflation. I'd be more likely to bet on another ban and confiscation than a return to metals standards.

>>18689613
>However it was illegal to own so it was worthless.
You are definitely out of touch with reality, fren. That's like saying cocaine is worthless because it's illegal.. Do you really believe ppl give a single fuck about ZOG policies?
Look it up, when FDR acted the confiscation in 1933 almost NO ONE surrendered their gold but cucks, suddently every american had a boat accident a month prior. And back then the confidence in politicians and the gubment was 200X higher than what it is now (which is at literally 0, you KNOW you'll never see your gold back if you give it to the kikes in power).

>>18689703
>If anything we'll see a lot more fiat and a lot more inflation
You can't infinite inflation, simply because no trust in money end up in a halt of money velocity. Only trust can restart the engines.
You really lack the basics bro, i really advise you to watch hidden secrets of money, the whole serie, it's a very nice introduction to these concepts, especially episode 7 who basically explain what we are living right now and how hyperinflation always end up.

>>18689738
I was 3 when we went off the gold standard, so I don't recall.

but my understanding is that there was almost no gold circulating by 33 anyways because everyone was broke and people and more importantly banks had been hoarding gold for half a century already.

this is in line with what I find metal detecting. I find 1000 pennies and nickels for every silver coin from that period. I find over 10,000 pennies and nickels to every gold coin. Silver and gold were never common in public hands.

and yes, the very few people that could afford to keep it probably did, but their kids and grandkids most likely turned it in when they died because contraband is a liability.

>>18689771
I said a lot more, not infinite.

stop being autistic

>>18689703
I just wish there was a way to get the small scale mines back in the hands of the general public instead of having the mega conglomerates claiming them all up than letting them rot. Its a lot of work digging a mine but if the grades high enough a small crew can make a descent profit.

>>18686896
>some batboi posts and maybe two threads a week
>stinker linktards threads up hundreds of times a day and linktard posters shitting up every non related thread
YOU BATBOI GUYS ARE LITERALLY THE WORST WORSE THAN LINKIES LITERALLY HITLER REEEEEEEEE

>>18689792
What is a lot more to you? Because once hyperinflation kicks in , it always go exponential, and nothing can stop it.

>>18689806
the irony there is in my area the small mines ARE in the hands of the public and most want to sell.

but then my area is an EPA Superfund site, so the cost of working a mine is well out of reach for most of the public. The environmental liability is prohibitive.

>>18689820
I'm talking controlled inflation over very long time periods, just like we have now.

not enough to cause collapse. Not enough to foment rebellion. But as much as possible to move wealth from the bottom to the top.

>>18689823
yes thats a pain in the ass, having to clean up someone elses mess from half a century ago. same problem up here too, there are a ton of really good small scale mines laying around but no one wants to touch them because than they have to do the serious cleanups.

>>18686896
You know the bat memexcuse, which no one with a brain ever believed in, is alrdy out of the MSM radars, right? Even the normiest news outlets admit it have been engineered by humans now.
As every other lies by the MSM, the bat soup meme will be memory holed in a few weeks and no one will ever consider this very ugly coin as a collectible.

do you guys keep oxygen absorbents with your gold and silver?

>>18689834
Unless we have state controlled prices over real estate/furnitures/food/etc.. just like the URSS, you can't 'control' inflation, it's the market who decide if their confidence in the currency is enough to value it vs X amount of their work/resources.
And in case of state controlled prices, the producers simply refuse to produce since they get paid with clown money.

You know what the russians used to say under collectivism?
>"The state was pretending to pay us, so we were pretending to work"
And you end up with economy producing nothing and emply shelves, and black markets developping and taking the relay with a substitute to state issued currency.

>>18689856
well I've been working in that cleanup because I know an opportunity when I see it. Mining is cyclical and based on markets. Cleanup is always in demand.

I'm that environmental contractor. I've made millions in the 20 or so years I've been working on that. Far more than I used to make working for miners. I love mining for the romance and the industrial/financial aspects, but I made my money in reclamation. I've done jobs for all the big boys, I work for the same crowd. I just don't produce anything except clean dirt and water.

>>18689921
>you can't 'control' inflation
the US has done pretty well with the petrodollar, but perhaps you're right.

>>18689856
I guess the other irony is I'm getting paid to clean up messes my ancestors literally helped make. My family has been mining and tunneling and cleaning the same dirt patch for 150 years now. I still own mining property here, but I don't expect to ever work it.

>>18689923
good because the only other thing holding back those small mines is public image. modern mining still cant shake that bad rep of being horribly environmentally unfriendly.

>>18689974
really appreciate your posts, thanks oldfag

>>18689983
that'll go away with a good market. I'm seeing easing of restrictions on molybdenum contamination in streams directly resulting from lobbying by large moly miners.

if the price is high enough the stigma and the laws tend to go away. Just need metals to be worth more than fishing, lawns, houses, etc.

>>18689901
>do you guys keep oxygen absorbents with your gold and silver?
No, I don't care if my stuff tarnishes if that's what you're worried about. Won't hurt the value.

>>18690000
my pleasure

>>18689935
Indeed, if it wasn't for the petrodollar the USD would alrdy be zimbabwe-tier, this truly was the jackpôt, a situation who never happened before and changed everything. Nixon (and the 7 sisters consortium behind him) really saved the day with the OPEC agrement of US protection and weapon delivery VS barrels only sold in USD. But such hegemony is coming to an end now, the petromonarchies alrdy trade in rubles and yuans with bilateral non-swift reliant deals, and now oil is worthless, the only thing keeping the US economy afloat vanished.
We are witnessing the death of the most powerful empire, but also the shortest, who ever existed.
RIP USA

>>18690011
if the gov here would stop making placer mining a pain in the ass that be great. We currently cant even use fucking stream sluices here legally. Of course this has lead to people saying fuck it, using hydraulic guns, vacuum trucks as dredges etc. All the regulations done is cause people to stop giving a dam about the environment.

>>18690000
Checked

>>18690034
>We are witnessing the death of the most powerful empire, but also the shortest, who ever existed.
we rose fast and we seem to be going down fast. But that's ok. It would take some pressure off if we didn't have to try to be first, best, or in charge. Not that we should, but you know how we are. Nothing if not full of ourselves.

>>18689901
Pure gold doesn't tarnish. As for silver, just minimize the amount of new air it is exposed to. That is, when you put it in a capsule, it is for the most part only exposed to the air in the capsule. If you leave a silver coin out in the open, it is constantly being exposed to new air which may have pollutants in it that could tarnish the silver.

Do not expose your silver to sulfur, which is actually quite common. The yolk of a hard boiled egg has sulfur in it. If you take that yolk, put it on a silver coin, and leave if there for a few minutes, there's a good chance the coin will tarnish. There is sulfur in the air in all likelihood from the burning of fossil fuels.

>>18689935
Also please apologize my english, it's 8AM over there and i'm still drunk from last night. Idk if my sentences make any sense at this point, but you seems to understand me so i guess it's good enough to convey the idea.

>>18690053
yeah, same here. I think a 2 inch dredge or highbanker is illegal on public land in the US without a permit. It really does put a damper on small operations and hobby miners.

Our government is going out of its way to close down operations that have been going for over a century but can't afford legal compliance.

but we may be in for a sudden change. During the great depression my area saw huge amounts of illegal placer mining by starving people that just wanted to buy food. Might be closing in on that again the way things are looking.

>>18690072
I'm enjoying your thoughts, even though I mostly agree with you. no problem understanding.

Hi all I was asking if I did good or not last thread cause I paid 100 for 4 2011 1oz koalas ship inc. cause I didn't want to spend enough on apmex to get the free shipping.

So I get the bug and start buying here and there justifying it by the upcoming boom I hope happens in two years.

Anyhow I bout a few more Oz than I intended and I'm not exactly rich sooo.

I like the wolves from Canada but think I'll be sticking to Australia because those koalas shine so nice and despite the allegedly more fine silver of Canada I found a milkspot on one of the wolves and after researching found that it's more likely from Canada's mint :(

I got the two wolves for 50 with shipping.

The 5 grams and two half ounce bars I don't remember how much but I remember I didn't mind paying a bit over since it's smaller pieces / for the novelty.

I'm seeing the 2011 koalas haven't really come back around at the price I got em so if anything those are my most satisfied purchase. The wolf without the spot is nice too.

I hope I didn't get addicted and my lady is a bit upset cause I told her only about the four koalas and the packages are still coming.
>Picardfacepalm.jpeg

Someone assure me this hobby isn't going to make me poorer.

>>18690069
Interesting, thanks for the info anon.

>>18686662
So are these generals for bears or for gold bulls?

I don't get how anyone can beat these premiums when investing in this? It's $23-24 a silver eagle? that's over 50% added on to spot? How do you sell at a profit that beats the premiums?

>>18690097
i am expecting a 100% increase in illegal mining and claim jumping this year from exactly this. If things don't go back to normal, people who know where to look are going to flee out to the old creeks and start strip mining like its the turn of the century again.

>>18690166
anon you need to chill, i'm in the same boat. we got to stop buying. prices will drop, rebuild our emergency funds until then.
Here's the way i see it, any govt 1oz bullion under $20 is a great deal right now. normally i say don't buy a ASE unless you get it under $20 but those guys are going crazy right now.
don't know about gold, i think its high, but i doubt it'll crash to much before it keeps climbing

>>18690166
your going to be fine, just don't go overboard and it will all work out.

>>18690177
exactly. If I can't find a job I always know where I can find a couple ounces of illegal gold.

not that I'm shut down. Mines in my county are running 50% production right now but that's still tens of millions of dollars a year. Reclamation work goes on virus or no.

but if we need it, we know where the gold is.

>>18690066
Yep, it surely will be a lesson of humility, but every good thing have an end i guess.
But to be really honest, i think your demise was engineered and planned since decades by the jews at the top of your institutions. For example during the cold war, kikes made deals with the chineses and russians to start technological transferts en masse. And over the courses of decades, dozens upon dozens of mossad agents have been spotted transferring extremely sensitive US technologies to US ennemies.
Do you think it's by luck the A-bomb, who basically required 130 000 scientists working from 1939 to 1945 under the manhattan project to develop, ended up being developped by the soviets in few years while their country have been the one most ravaged by WW2?
Your house is full of ((( traitors))), and they now decided to move away when SHTF, as usual, and decided their next host to parasite would be China.

>>18690176
Yes im just getting into investing and silver as I'm too poor for gold and it's a bit confusing but if you look you'll see that there are always people willing to pay even more for some reason.

Also you gotta figure that If it hits 20 an oz, just like how it feels over spot now, the coins will probably sell for closer to 50. So those eagles would still turn a profit in a few years.

At least that's how I hope it works

>>18689355
Invest in cherry stems.

>>18690239
Perhaps. My understanding is that Germany actually came closest to developing the A bomb and when we won Berlin we split their atomic scientists between Russia and the US. So development and spread was increased greatly not just for us but for our competitors.

I don't see China and Russia and Israel as enemies though. Just competition. And in the case of China and Israel at least we wanted that competition, we helped them succeed. We still help them.

but I understand 4chan propaganda often ignores history.

>>18690166
Let me put it this way, other anons jump in with their own input,

If you spend $1000 on gold or silver, that money is stuck in gold and silver. If you ever need that $1000 to pay something, you can just sell the gold or silver and get most of oyur money back plus or minus some money depending on if gold and silver went up or down. Not that big a deal. This is under normal circumstances.

Right now is different.

In 2008 we had a relatively minor recession. Thats it. Silver dropped to $8 an ounce. By 2011 it hit $50 briefly and settling around 30 to 40 an ounce until years later it average for 15 to 20 an ounce until now, with this pandemic.

Right now we have a global pandemic, world economy is shut down, many mints and mines are closed, stock markets are all over the place, everyone is losing their jobs, world governments are printing money like mad, and paper fags are desperately trying to exchange their fancy jewish paper IOU claiming they "own" silver and gold, for physical silver and gold, of which not enough exists because these institutions sell 1000oz of silver when they only own 100oz in physical.

So gold and silver are primed to hit crazy levels. Also silver gold ratio is really high so buying silver is a good move. When that ratio shrinks, you can sell your silver and get gold.

Silver WILL hit $50 an ounce, might even hit 100. If gods look kindly on us all we will go back to a gold standard and PM's will not only moon but hit the Andromeda system. Gold may very well hit 3,000 an ounce and much more.

But this all takes time and price will fluctuate a lot. May take years like last time when there was none of the current bullshit going on.

>>18690219
Dam should I grab some eagles?

>>18690291
I did the calculations a few threads back, I think if we went on a gold standard the metal would go to $30,000 per ounce just to cover America's trade alone.

that's assuming all the gold in the world services only American trade.

I'm not sure how to calculate the dollar value of all trade in the world, but I'd imagine $3 million dollars an ounce wouldn't be far off.

I don't expect this to ever happen simply because the price is too high. Or if it did, the governments would almost certainly ban gold ownership.

>>18690330
>the governments would almost certainly ban gold ownership
I wonder if there is a method to permanently destroy gold and silver.

>>18690291
I believe if things do not go back to normal, gold will go to $3k an ounce and silver will follow with it to $100-$110 an ounce. The longer things stay locked down, and the more small family enterprise than larger companies start closing shop permanently will cause people to hold their money out of paper and stash it in PMs. Stimulus from the government wont matter if you can't physically buy products because nothings getting made. I could of course be totally wrong, but everythings so hard to predict right now.

>>18690294
wait a month, prices should have dropped enough to get a ASE for $20,
honestly anon i love ASE's but i'm buying random of countries right now, just got 25 silver kruggerands for 19.94/oz, now i'm looking at some 2oz croc coins for 20/z

>>18690352
gold and silver plate the streets, since so little gold is actually used it would take more effort to reclaim it then its worth

>>18690352
>I wonder if there is a method to permanently destroy gold and silver.
there's a few easy methods to make it impossible to bring back.

you could dissolve it in cyanide or chlorine or aqua regia and sprinkle it on the lawn or dump it in the ocean or whatever.

>>18690294
Eagles are super recognizable and backed by the mint making them the "gold" standard for silver, that you will pay a hefty premium for. Consider why you want to buy precious metals, can you currently afford them, is a hobby, do you think the system is going to crash in 6 months? They are not a bad buy, if you are willing to eat the premiums in my opinion.

>>18690355
government coins sell for more so would it not matter if you buy rounds vs eagles or krugerrands?

>>18690330
3 million an oz? Are you sure that is how it weighs out for global trade? What about silver then?

>>18690383
I'm seeing a shitload of counterfeit eagles from China lately.

I expect that'll have an effect on price at some point.

>>18690258
>Also you gotta figure that If it hits 20 an oz, just like how it feels over spot now, the coins will probably sell for closer to 50

I'm following very closely the silver market, even on a distribution network standpoint, and there is an issue i never see discussed on pmg :
After the silver crazy jump in demand who started end of feb/early march, every week the demand kept going up, and once the LCS went out of stock, they started to sell preorders en masse, preorders they did from mints of course. The thing is the mints got really damn greedy and started to accept orders they can't fulfill before a while. And when i say a while i mean they alrdy sold out what they can produce until late october, but promised delivery way before that.
When the LCS figure out their orders will be heavily delayed and can't send preordered silver before months, i really wonder what will happen.

All this to say, for the months to come a bunch of LCS will remain out of stock, depending on how quick they were to ask for a refill of their stocks. So even tho everyone is hoping for a reduction of premiums, as long as the mints can't provide for everybody, it will remain a seller market. In the meantime it's 100% we will crash even further so we could end up in a situation where we regret the 50% premiums.

>>18690401
>I'm seeing a shitload of counterfeit eagles from China lately.
Isnt it easy to spot fake silver though? Clink them together and see if its a nice ringing sound, that gravity water weight test thing, magnets, etc. Gold bars is the real concern because of tungsten cores no one wants to drill into their bars.

>>18690401
I buy from apmex, their record is supposedly top tier. Should I get my buys tested?

>>18690395
>Are you sure that is how it weighs out for global trade?
no, that calculation has a margin of error close to 1000% +/-

I don't know how to convert all world trade to $$, and even if I did that probably doesn't count trade at local and small scales. It could very well be a lot more.

I don't know about silver, I didn't run the numbers on that. We produce so much silver every year it'd be tough to calculate.

>>18690422
big retailers like them, JM bullion, BGASC, SB, Monument metals etc buy directly from the mint so no need.

>>18690420
the fake eagles are undersized, underweight, and easy to spot. But they're being sold as real and suckers are buying them.
>>18690422
you're probably fine. The counterfeits are being sold on ebay and facebook by Chinese companies that get closed down once a week.

>>18690389
ummm kind of, rounds sell for less almost always, sometimes you'll get some cool limited runs, that actually retain value
but yeah govt mint, is nice almost everyone recongizes them, usually higher demand. so if everyone is selling you don't have to worry about if they'll buy yours.
with all that being said i think ASE's will have best resale value then things like english mint will be close behind, but generics might be a better deal when compared to buy/sell prices

In vietnam atm
Going to check around to see if there are any collector gold silver coins for sale
I think they sell them at the state post office here in HCM
Would like a millennium dragon coin if I can find

>>18690288
Oh don't get me wrong, i don't blame Russia nor China, actually i lived for a while in China and loved it. If anything i will always support them both over the US, which i hate with a passion, to my opinion is the worst and most evil thing who ever happened on this poor planet. That said i do like americans, but not what became the USA.
I only blame jews, they are the ones who transformed your beautiful country in this degenerate, demonic hellhole. And since the very inception they were at work to destroy you from within.

>>18690403
I have never had an issue with the site I use, but I never have done pre-sales before and have avoided them when they started popping up.

Right now I am seriously debating on whether I want to focus gold or silver. I have been liking gold recently since I bought what Bix Weir was saying(about how the treasury is legally bound to mint silver coinage, if it is false please tell me). Meaning gold will be more scarce than silver even though the price of silver rises faster than gold.

>>18690452
I wonder what these poor countries sell their gold and silver at per ounce converted in USD to compare to what we pay state side

>>18690470
>I am seriously debating on whether I want to focus gold or silver
Let me lift this weight from your shoulder : go for silver.
I could give you a billion reasons to pick silver over gold, but tbdesu i'm not courageous to do it rn.

>>18687668
Southern Ontario/Canada as a whole

>>18689923
How would someone get into this as a job? Something to do with geology/hydrology/chemistry all rolled into one sounds cool as fuck.

>>18690467
Yep. Your views aren't new, nor are they necessarily wrong.

but if the Jews amassed such power they must be very smart and if we get rid of them you'll just hate the next smartest crowd. And if we go around destroying the smartest humans then humanity just gets dumber and dumber. Which may be inevitable. But you don't understand this so you're not very smart.

you and other retards will likely survive very well in a world where smart people are disadvantaged or killed. But eventually it will be your turn too, and you'll inevitably be killed by someone even dumber than you because you succeeded while they failed. Or maybe they just want what you have but they're not smart enough to get it with brains and have to use violence. Anyways, not my problem.

>>18690498
silver is ugly, it sounds like shit, it tarnishes, it's not very dense, and gold is the money of kings

>>18690508
Eastern Canada isnt well known for placer gold but it does occur basically everywhere in a thin blue or gray clay layer stained with rust from crazy amounts of other heavy metals mixed in created by the same glaciation that scattered fine gold all over Michigan and nearby states. Basically look for a major river, find where heavy things have settled and start looking there.

What Ontario is really known for are its massive / insane shield gold formations. The "Ring of fire" set of deposits are world beaters in gold productions, the mines at Red Lake, Eagle River Gold and a dozen other projects are all working deep high value gold mineralization. Do a bit of googling around your location and see what comes up, Ontario is literally crowded with mining making it hard to describe in a single post.

>>18690572
Gold is the currency of Kings
Silver is the currency of Gentlemen
Debt is the currency of Slaves
Barter is the currency of Peasants
Crypto is the currency of Fools

When Gold shines, Silver reflects.

>>18690529
its a lot of work, I did hydrology and 2 years of geology before giving up and going a different path. The schooling is tough but if your up for it the pay is excellent.

>>18690529
I studied geology and business, went to work in mining, and then bought an environmental company.

None of that was necessary, but you do need an understanding of construction, mining law, environmental science, and construction.

>>18690176
Fucking idiots. Silver is MONEY, it is NOT an investment. The premiums reflect reality based on the rigged paper silver price. Stop valuing gold and silver in dollars...its fucking IRRELEVANT. The entire point of buying gold and silver is because the dollar is a scam and you want money and wealth for when the dollar collapses and your net worth will multiply 100 fold, while everyone else gets dirt poor.

Silver price going up is not the same thing as a stock going up in value. SILVER IS REAL SAVINGS.

You want to get out of dollars fast because the whole system is imploding. And to be quite honest,...silver eagles for 23-24$ given what the fuck is going on right now is literally a fucking steal.

You are going tio make it with silver when the deflationary collapse of all asset prices occurs. if you have 200 ounces of silver and silver goes to 200$ an ounce and 10x in dollar value. big fucking whoop...you have 40k, thats nothing. But that 40k will be ike having 40k in 1940 when the avg NYC rent per month was 40$ so youll be a fucking rich.

Even with the premiums your buying Link at 40 cents when you could have gotten it for 24 cents...and when it goes to $1,000 EOY you wont give a fuck that you bought siver at 23$

>>18690595
doubled up on construction for some reason, but that's basically what we do. I move dirt.

>>18690577
hey pan man your pretty knowledgeable,
i got a bat boi that i plan on fondling alot, can/should i wax it? like i got some wax for a antique sword and silver is one of the things it works on...

>>18690596
>Wampum is MONEY, it is NOT an investment. The premiums reflect reality based on the rigged paper wampum price. Stop valuing beads and wampum in dollars...its fucking IRRELEVANT. The entire point of buying beads and wampum is because the dollar is a scam and you want money and wealth for when the dollar collapses and your net worth will multiply 100 fold, while everyone else gets dirt poor.
true, if wampum happens to ever rise again

>>18690603
it really wont make a difference for tarnishing but if you dont want the coin scratched i would suggest leaving it in a case. I do like to have a big heavy coin in my pocket to fidget with too though, I carry this 1880s silver dollar found in a hoard at Sandon.

>>18690596
based and bigwhooppilled

>>18690352
there was a Bond villain who wanted to nuke fort knox, making the gold inside radioactive and unusable for many years

>>18690646
nice, i like your version of a pocket rock

>>18690596
The gold/silver with dollars is trying to understand the better hedge at any given point, many people understand that currencies are getting trashed and are figuring out how to handle it on a personal level.

>>18690258
>Also you gotta figure that If it hits 20 an oz, just like how it feels over spot now, the coins will probably sell for closer to 50. So those eagles would still turn a profit in a few years.

Again you guys are idiots. You arent turning a profit per se....a silver or gold ounce 900 years ago is still that same ounce of silver or gold today. It doesnt fucking matter if the dollar exists or not.

STOP VALUING GOLD AND SILVER IN TERMS OF DOLLARS. THAT IS NOT HOW YOU VALUE IT.

It was gold and silver that gave value to the dollar so why in the fuck would you be valuing gold and silver in terms of dollars?

SILVER AND GOLD are wealth. You can play stocks and bonds, and crypto or whatever...to increase your fiat holdings, but when the music stops, if you dont own gold and silver youll be fucked.

>>18690595
>>18690592
Sounds really cool but I'm probably too late to getting a start at it. Pushin 30.

Any other meme coins to buy besides batbois

Silver is a meme, you have gold and bitcoin. The world knows that, shitsilver is gonna continue to underperform

>>18690750
how big is your dick/

>>18690768
he told you 30cm

>>18690765
>>18690749
whats with the silver haters, is this bullish? lol

>>18690749
Here's the thing; people still use dollars every day. No one uses gold or silver for purchases, atleast not yet so when people talk dollar value they are talking about where they stand with what they have.

>>18690750
I was 30 when I bought my company

I was 32 when I closed my first million dollars in sales.

but yeah, it's hard to get into if you're not introduced. Like I can tell you what I did but the reality of doing it is a very different thing. I lucked into it, and now I could do it from scratch easily, but without the knowledge I never would've gotten into it.

>>18690765
stay poor with you boomie shitcoin, you brainlet
SilverChads will soon own the world

>>18690792
what is your company and how big was your initial loan

>>18690784
How did you misconstrue my post to thinking i hate silver?

>>18690800
my company was doing all of $75k US in sales every year, so I bought it for $75k. I didn't have a loan. What I did is worked for the owner for a year while all the profits went to her. She taught me everything I needed to know, which was worth way more than $75k.

like I said, luck. I grew the business because I know how to run a small business, but the actual introduction to the field and contracting in general was pure luck.

>>18690800
currently we're still a small company. I average 1/4 million in sales a year and employ 16 people. Very small. But enough for me to work part time and live fairly well.

>>18690801
because the bs your spewing is the boomer crap. silver and gold are commedities and nothing else.
when inflation hits things become worth more, and metal is where boomers flee to save money. when in reality its just us buying cheap and selling high

>>18690833
Traditionally, in every case, gold and silver are the stabilizing force.

>>18690786
Look...if we go mad max for years...i understand ill be in better position than most everyone, but I'll still end up killing myself because I am not in anyway shape or form prepared to deal with that. On a slow day I play halo 3 for at least 6 hours and I can barely set up an Xbox in order to play. I have trouble using my microwave sometimes.

So Im more or less looking for a clean reset with all this. Golds revalued much higher one day, silver follows. I go turn in my gold and siver for new currency., buy an apartment complex free and clear, accept the new currency for 75% of my residents and live like a king while i fill the other 25% of my units with formerly well to do housewives who's husbands didnt stack, and get blowjobs from each and everyone of them in exchange for monthly rent, that way i can keep my merc dimes and and rub them all over my body.

>>18690833
boomers value everything in $
he's doing the opposite, valuing $ in things

I don't agree with him on metal being the correct standard but his view is otherwise correct. The dollar changes in value, things don't really.

>>18690822
your where i want to be, I hire maybe two or three guys a season for a project if I have ground like my hard rock silver gold property I am exploring right now. I ve made 2 really good discoveries that I leased off to larger companies and which I reinvested back into new gear and more exploration. I am hoping my main property proves up with drilling so I can lease it out or sell it, and keep slowly building myself up like I have been.

who the fuck buys a 44oz silver jeep statue?

>>18690895
I mean to be honest...thats actually fucking cool as shit. I mean obviously some poorfag isnt going to buy it. But if your fucking loaded and like shit like that, why not?

>>18690895
boomers, who else?
>>18690862
except for the hoarders who stock pile metals and guns

>>18690488
No idea
Vietnam doesn’t use coins as currency so these modern commemorative coins are made by the singapore mint
There aren’t many coin collectors here and few international buyers stock up on these either so their value is mostly just their weight in silver/gold
Most people who want to invest in precious metals here buy jewelry

>>18690895
>who the fuck buys a 44oz silver jeep statue?
Idk but I do want one of these not gonna lie

https://www.jmbullion.com/12-oz-antique-finish-mexican-libertad-silver-statue/

>>18690895
>$45.45/oz
yikes & oof

>>18690918
I would love to bring 10k to south east asia and poor places of india and other countries and buy jewelry on the cheap, if its even cheap

When do silver and gold prices start updating?

>>18690944
so anon in my experince the more unstable the country the higher the PM's cost and the harder they are to find.
so in theory if you go to a location that has local mines, and an economy not dependent on them you should be able to make out well

>>18690944
It is pretty cheap
Jewelry markets are very competitive here and the way most of south asia invests in metal is through these small local stores.
Usually a whole street or district will be the “gold” district with loads of shops selling and directly competing with each other
The organization is really high, almost like the stock exchange in western countries, and you can find great prices if you bargain/deal around

>>18690966
Not true
Go to the gold market in a major indian or south asian/East asian city and you can find great stuff
In china I’ve found incredible prices for (probably illegally mined) gemstones and fossil amber

>>18690997
one of my university class mates does it for a living, hes a gemologist and wanders around east asia, Afghanistan, Tajikistan, different parts of africa, Myanmar etc buying gemstones for clients in Belgium and Germany. He also does a lot of private order mineral samples, before Covid he was in Tanzania buying tanzanites for collectors in the states.

Any own a 1oz 2oz or 5oz Collectivism Kills silver round? Or one of the proofs? I want one but all I find are low resolution stock images, nothing large and HD to really see the details.

In your opinion, are they nice? Worth it?

>>18691034
I only buy things for my private collection, I especially like fossils and fossil amber when I can find it
Coins are just something nice I like to get when I visit a country, I try to buy silver coins from every country I visit

bump

I'm desperate to buy 5 of these. They are so beautiful.. anyone know who has them in stock right now?

>bats still in stock everywhere
I thought these were highly sought out with low mintage compared to other ATB coins and would rise in value..

>>18691782
ebay

>>18691812
I dont trust ebay though

>>18691854
buy from regular dealers with ebay accounts

>>18691782
Honestly anon, they’re nothing special. I was more impressed with the RCM 10 oz bars or the 10 oz poured Perth bars.

Are fetts worth the premium? They look beautiful in person.

Whats with all the warnings from sellers about batboi coins not fitting the capsule properly because the coins are slightly larger than the other ATB coins or what? I saw one dealer use very large capsules where the coins slide around inside.

What capsules are JM Bullion and BGASC and others using? Regular Z5 or some bullshit? Why are the batbois larger?

>>18686662
Goldvreneli. The best Gold coins. so many childhood memories ah

Any discount codes for catalog.usmint.gov gov before I make my orders?

>>18692165
Only if you are a huge star wars fans and its something you would enjoy to own. I personally would go nowhere near them.

>>18687834
I would have got a 2 rand coin instead, it has .2354 ounce of gold for only $430 dollars or so

>>18691812
>>18691812

I bought 10 bats as a meme... still in stock on JM a few days after I bought them.

Not a very big meme main :(

>>18687834
Not bad, pretty based

>>18690564
>but if the Jews amassed such power they must be very smart and if we get rid of them you'll just hate the next smartest crowd

No other crowd wants to undermine it's host, worship mamon and sacrifice children

>>18691782
I have yet to see a photograph of one of those that does justice to how beautiful they are in your hand.

A goldbug just came to me and sat on my hand.
Gold is going to moon. It’s a sign from the gods.

>>18686662
Am i gonna make it? Pic from yesterday

>>18694083
No

>>18690470
Silver ratio is bound to correct at some point. Then is the time you will want to trade it for gold

https://strawpoll.com/fzr7zskb

All Eagles are flying off the shelves like hot cakes, my usual dealer is out of them. But I'm not willing to pay any VAT or any other over the top premium.

>>18693895
based

>>18694199
It's never going to correct. On what basis do people even keep saying this? Just because there was a historical ratio, doesn't mean the same set of factors that allowed for that ratio exist now.

>>18690749
>STOP VALUING GOLD AND SILVER IN TERMS OF DOLLARS. THAT IS NOT HOW YOU VALUE IT.
Until the fiat currency collapses why not?

When I sell an ounce for more dollars than I paid, I can now buy more things with those dollars. I've multiplied my bullets,food stock etc...

Once I can't buy guns weed And arrows with dollars, I'll stop using them as my unit of measurement for worth.

I understand your point but as long as people agree the dollar has value, it does.

>>18689600
>but a lot of countries now require a 10-20% payment in gold

source?

Just a thought:

Price is a unit of measurement. Spot price technically measures the RAW value of metals, before they are turned into finished products (bars, coins, jewelry) of if they are in scrap/recyclable stage. For example, spot price is relevant if you scrap a ton of motors and sell the copper. Spot price is relevant if you are a mining company and it costs you $800 to $1000 per toz. to extract gold ore.

Being the local shiesters that they are, of course pawnshops and shady "WE BUY GOLD" coin/jewelry shops will refer to spot price because it maximizes their profit by widening the spread between what they buy for and what they sell at. To put things in perspective, all LCS's by definition have a brick&morter location, which means they must pay rent, thus their operating costs are high and thus they are less efficient than online retailers who operate out of warehouses like amazon and have remote customer support staff.

Spot price (the fiat number) isn't very relevant to people who intend to buy and *keep* gold and silver. If you intend to buy and quickly sell it then yeah, it matters, because everyone only measures by spot and you're either going to lose money, or make a small amount *if* the spot price spiked double digit % points after you buy.

Finished bars and coins are like works of Fine Art. Imagine buying an oil painting and measuring it in terms of the raw cost of oil paints and the cost of canvas used to make the painting. That's basically what someone is doing when looking at spot. Spot disregards the massive amounts of work required not only to extract the ore but also to refine it and turn it into beautiful coins and bars. Take a look at pic related. It's not just silver. It's a work of Art. That's why the "price" has a "premium". All finished goods have a premium over the cost of raw materials involved in making it.

tl;dr Spot price is meaningless when you are buying a finished product that looks like Fine Art.

>>18690944
I would reccomend against it. They have rules specifically for the amount of gold you can take out of vietnam. I know i tried

>>18692165
I got one just for the collectibility

>>18694980
The price has been artificially kept down by JP Morgan shorting. Silver should be trading higher considering how much of it is mined compared to gold and how useful it is as a metal. The amount of silver in circulation is minuscule to gold and JP Morgan own the largest holding in the world, they've also stopped shorting. What do you think comes next?

>>18694083
Disgusting

>>18694083
clean your room

new addition

>>18694980
i hold way more gold than silver, but i look silver as an alt coin to gain more gold.

>>18695356
has anybody verified JPM actually holds all that
silver? i've seen rumors they don't.

>>18696377
They are not holding it 'personally', it's kept in US military bases vaults, ala fort knox. I've heard the whole stack is divided among 3 differents bases, one used by the Navy, another one by the Air Force and i don't remember for the last one.

>>18696339
What's the most cost effective way to acquire physical gold now in the 1/4 to 1 Oz range?

>>18695356
>Silver should be trading higher considering how much of it is mined compared to gold and how useful it is as a metal.

dude...both these factors exert downward pressure on prices. utility in industry and availability = cheaper not higher. sorry man, silver isn't the same metal it was in the past. gold is where it's at.

>>18696627
I'd advise you to browse the pmsforsale sub on reddit unironically. Plenty of deals to be had. Also keep an eye on apmex etc. You can find some old gold at very little above spot.

>>18696761
There are 8 silver ounces mined for every 1 ounce of gold but the gold/silver ratio sits at 110:1. Despite this the amount of silver available is much less, you have high demand with little supply. On top of that JPMorgan metal traders have been charged with manipulating the silver market to keep it artificially down. What would be their logic behind this and simultaneously accumulating the largest holding of physical silver ounces in the world? So that silver doesn't go up in value?

So if anyones interested, my nugget buyers in Vancouver, Washington and California are not only totally out of stock, there selling at a 50% premium. Thats absolutely insane. Its mostly returning buyers too, grabbing every nugget .5 to 1 ounce in size.

>>18697403
The physical markets are STILL going through major shortages and yet the spot prices aren't hardly budging due to people dumping their liquid gold/silver ETFs to keep afloat.

I think we might see a massive upwards spike in the very near future.

>>18696627
jmb and apmex seem to only have gold coins in stock. i haven't personally tried r/pmsforsale as another anon suggested. you can try craigslist, but take into account you could get scammed. ebay of course will have higher premiums, but you are getting buyer protection and a degree of separation from the seller. pawn shops in your area may have some stuff.

>>18697442
yeah, the premiums are a misnomer because what good is the spot/paper price if you can't actually buy the shit at that price or POSSESS it in a reasonable amount of time.

>>18697442
apparently the guys in Vancouver sold a nugget they have had in their show room for 10 years on Friday. They had it priced at $20k and someone came in that morning, bought it and 12 other specimens.

>>18696507
interdasting about it being held on bases

>>18689355
looks like you'll be trading with blowjobs the other way around buddy

Rate?

1oz Gold Britiania
15oz Silver

X4 Silver Britinias
X2 Maple leafs
X9 Eagles

Both silver statues cost $1300 back in 2012 each, unsure of specific weights.

>>18697537
>>18697525
>>18697442
>>18697403
Based guys.

I don't own any gold, might pick up a 1/4 Oz or 1/2 Oz today while still in stock.

>>18697661
nice aztec protectors.
anyone starting out should buy one of those coin cases with a handful of coins and then let the autism do the rest

>>18695022
i think we should implement a green standard where we exchange weed for goods and services

> everybody can create their own
> unique qualities and strains which make some money higher quality
> inherent value

savings in gold and silver, daily transactions in weed

>>18697387
please some big brain come answer this

>>18696761
>if it's useful it's worth less
curious about your thought process behind this one, champ.

>>18686662
I'm not holding gold but I did go all in on the miners

>>18698027
It's a balancing act. If it's useful but too expensive to be useful then it isnt useful anymore.

>>18697661
Looks nice, would probably have rather spent that $2600 on regular bullion but to each their own

>>18697651
I remember hearing this twice, once during a kitco interview and the second time probably on a schiff show, but don't quote me on this one, it could be elsewhere and idk how legit are those claims.
But it seems pretty logical when you think about it, they maybe hoard on behalf of the US gubment but the US wanted to keep it quiet to not alarm the markets or/and avoid a FOIA request/congress audit, so they asked for a private third party to buy for them.

Also not only JPM never hoarded anything before, but they are a financial institution, not a vault, it's far from their habit to stock anything physical nor keep an asset dormant for a decade while not trying to profit from it. They prefer quick pump&dump on the markets or high reward financial products like CDO/CDS and derivatives you can trade away with few clicks.
To me it's clear they are just doing these move on behalf of someone else, someone with extremely deep pockets and not afraid about hoarding for 10y+ without making any dividends.

We really should trying investigate this matter frens, i feel there is something HUGE behind all this. My guess i alrdy shared on pmg few times is the gubment is preparing a silver backed digital dollar after the current USD collapse, because they know they can't compete on the gold stacked by India/Russia/China the past 20 years.
They will hyperinflate the current currency to payback their external balance sheet "for free", but once the dollar died and every investor is afraid of the US currencies, to restore confidence toward investors the US treasury will have to back their money with a tangible asset, otherwise no one will approach the brrrrrrr clown money with a 10-ft pole knowing it could be inflated to death.

>>18698027
do you think its ubiquitous use in industry will allow for high pricing? they will keep it as low as possible.

>>18698344
Also both the insane silver COMEX manipulation and JPM buying silver started in 2010/2011, right after the subprime crisis. My take is the officials made a round table to understand how fucked was the economy and they understood all they did was barely able to delay the everything bubble by few years before everything explode. So they came up with this plan of silver backed digital USD knowing the next time the everything bubble explode, it will be a tsunami of unimaginable proportions, and started to print clown money to oblivion to acquire real, hard assets before everyone end up with a similar conclusion : the current economy is backed by nothing and extremely sensitive to the fear index.

Anyone have a code for catalog.usmint.gov?

>>18693895
i hope a silver bug lands on you next cuz im riding on silver rn

>>18698344
silver to back the jpm coin?

>>18698476
And the peak QE2 started in november 2010, exactly when JPM started to buy silver.
>FED go brrr to buy treasury bonds
>treasury give clown money to JPM to purchase silver
>JPM then send silver in secrecy in US military bases
>silver is minted by the gubment into neodollar waiting for the collapse
>muh fear bat soup nothingburger blown out of proportions to reset the monetary system and find a nice excuse to explain the economic crash to the normans
>FED + treasury fusion, bills to enact CBDC
*we are here*
>silver moon to unfathomable levels and 1oz buy you a supertanker full of 16yo asian lolis worshipping your peepee
>pmg stacklets now join the illuminatis

What do you think frens?

>>18687668
southern california, in particular palm springs and the san bernardino mountains

>>18698344
also, thoughts on russia saying they're not buying more gold? i don't believe it, but it was an odd statement to make.

>>18696627
2 rand coins

>>18698612
It clearly was a message send to someone(s). When countries stop buying gold, they don't bother making an announcement about it : they simply stop buying gold. Why would they tell everybody about it? Probably a signal of some sort.

>>18698601
only concern is how abundant silver is and how much of it is unaccounted for

>>18698609
best area around the San Bernardino Mountains would be Holcomb Valley area.Course nugget gold has been found sporadically in creeks all over the area, but there are too many discoveries to count, so start your research there.

As for Palm Springs, there was little panning, as its too dry to waste water, there are many stories of lode gold in wide decomposed quartz veins in the desert centered around the Chocolate Mountains. There are mining reports of 3 men raw hiding 2 sacks containing quartz shot through with free mill gold valued at $7,000 in 1867 from the area just south of the Chocolate mountains but all of the men died due to exposure to the elements. No further information to give, I would go try and dig up local mining records with the BLM or USGS if you want more.

>>18696507
>>18698344
>>18698476
>>18698601
We really need to dig this matter frens, this could be huge, and if we manage to find some clues pointing toward this conclusion we'd now it's time to go ultra all-in gold&silver : gold backing rubles/yuan/rupee, silver backing the USD/eurozone.
Stop being lazy you fat fucks and undust your interweb shovel instead of instagram posting your batbois. We are going to war, a war to make us FILTHY RICH frens!

>>18695022
Because you don’t “make it” selling it back for dollars. The dollar is about to die... so paying the premium is irrelevant. If somehow magically.... I could only buy silver for 40$/oz while everyone else could buy for 25$ I’d still be buying at 40$

>>18696377
JPM just holds it for the Bank of England

>>18697661
I literally can’t decide if you are based or a complete faggot.

>>18698743
Gold:Silver mining ratio is 1:9, but you have to take into account silver agglomerate close to others metal veins, as you probably know it 60% of the yearly production are byproducts of lead/copper/zinc/ect extraction, meaning you have far more silver mining than gold, which make silver even rarer.
Also all the biggest silver mines are in south america (Peru, Mexico, Guatemala, Argentina), close to Unc' Sam and easy to protect and get access to, which is a huge deal if the dollar get backed by silver.

>>18698772
Silver is still a pajeet coin.
Rakesh and hus extended poo family have more ounces of silver than jpm.

>>18698862
ok rabbi

>>18698772
This is how you get the clean reset. Chinks Russians and pajeets in India have all been accumulating gold in record tonnage. If America has all this silver at jpm or whatever..... you have an agreement to revalue gold overnight to say 20k/ounce white an agreement in place that silver goes back to 16-1 silver gold ratio. Then we are all on equal footing more or less.

Although I do think China comes out ahead of America because chinks have been sponsoring to their citizens to get silver going back to 2011. Chinks go to gold and silver shops like Americans go to Walmart

>>18698898
>agreement to revalue gold overnight to say 20k/ounce white an agreement in place that silver goes back to 16-1 silver gold ratio
This would mean $1250/silver oz.
mhmmm
i'm ok with this :3

>>18698652
I picked some up @ $406 about a month ago, they're nice

So pissed I bought from silvergoldbull, I'm retarded. They're just going to hold my money indefinitely.

>>18699051
Nice stack anon.

I'm leaning towards 1 ducat coins from jmbullion because the Hapsburgs did nothing wrong.

>>18699129
story?

>>18699209
they have shipping delays of like 6 months, slight exaggeration but only slightly

Would the GDX, GDXJ or NUGT be a better place to put money into to hold for a year or so if i was going to do so tomorrow?
open to any suggestion really, preferably not physical though. I am newer to PMs so sorry if this is a stupid question.

>>18699300
read
>>18690403

>>18698743
Not enough for everyone when the every country in the entire world faces a monetary crisis at once