/biz/ - Business & Finance

First for fuck crypto

second for let's rob a bank with a tank and steal all their gold

You guys have you stack at home?
Where the fuck do you put your silver?
That shit takes so much space!
Why would you hold $100k in precious metals in your house?

Legitimate question, and apologies for obviousness: I've purchase 7.25oz gold (maples in thread pic) for about an average of 1740 USD/oz. Obviously when I purchased, there was a premium.

If I were to go to a coin shop/bank, how much would they offer for a maple? Spot, or above/below?

Does anyone know where to get 5 Reichsmarks in bulk? Only place I can find them is individually on ebay, shipping kills it.

from pan man in last thread:

Basic tools
> gold pan, shovel / pick, sniffer bottle, hand lens, pry bar, sledge hammer, 10 gallon buckets

How to read a river
https://www.youtube.com/watch?v=axOgdmI3o3g [Embed]

https://thediggings.com/ will come in handy for you, it shows active claims and mineral locations.

>>19206738
Spot or below, never above unless you have some numismatic shit and they already have 5 customers for it.

>>19206738
Depends on the shop, but probably between spot-spot+$30

>>19206550
I love poured silver its my main stacking strategy.
The CNT eagles are the best, I get them off of ebay from various verified dealers I pay $5 extra per bar but, I get them in less than 5 days rather than weeks or months from previous dealers I have used.

You know the drill lads, ask away about your local mineral wealth, (except for Florida) ask it here and I ll endeavor to answer.

Handy Links
How to gold pan
https://www.youtube.com/watch?v=ZCL6FKQZyoM
How to read a river
https://www.youtube.com/watch?v=axOgdmI3o3g
How to stake a claim
https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_mtclaims.pdf
https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/locatable-minerals/mining-claims/staking-a-claim
Basic tools
> gold pan, shovel / pick, sniffer bottle, hand lens, pry bar, sledge hammer, 10 gallon buckets

Literature on prospecting
>The Guide to Gold Panning In British Columbia by Barlee, N. L.
>Gold Panning the Pacific Northwest: A Guide to the Area’s Best Sites for Gold

>>19206835

Okay this is good to know. Here's hoping that the Bank of America's 18-month projection for gold at $3K/oz comes to fruition...

>>19206672

Step 1: Never tell anyone you don't trust very highly that you have PMs.

Step 2: Install a good gun safe in your basement on your own. Look up Graffunder - they're expensive, but extremely reliable.

Step 3: Put all PMs in safe, and hide it behind a false wall and/or bookshelf door.

Step 4: Put shitty (but fancy LOOKING) gun safe in your office with your computer, and put a few oz of silver in it. as a decoy.

Where the fuck has Mike Maloney been reeeee

>>19207718
>Where the fuck has Mike Maloney been reeeee

He is prepping for the paradigm shift and buying up land for his free market pm based economic system.

Minus niggers and Jews ofcourse

Is it worth getting the money metals silver starting kit?

>>19207718
Why do these 'where's mike?' posts always arrive just after he uploads, pay attention.

>>19207582
Did you actually do all this?

Anon stop trying to sell me on those leafs. I won't buy one; not a single one

Where is the best place to buy leafs?

>>19208156

No. But if I owned a house and above $ 100K of PMs I would.

How much would you pay for a silver reichsmark?

>>19208380
if you owned a house you wouldn't own $100k of PM's

>>19209029
>Buddy of mine has a album folder full of reichsmarks he inherited.

I should ask him how much he wants for one just to have it.

>>19209063
Anon if I had a secure, stable place to store it i'd buy more metal, not less.

>>19206738
Based. Did you buy all them maples at once? You cash out some Bitcoin?

>>19209063
I own my house (no death contract) and about $250k of Ag

>>19209085
>if I had a car I'd spend way more on my bike
maybe, but not likely
you probably couldn't afford both, and the house holds value and increases way faster than metals. Also buying a house invests you in the current economic society, reducing your desire to see everything go to shit. Once you want it less you see more clearly that it's not falling apart and even if it does, we're just going immediately back to normal.

>>19208096
It's a pretty decent deal

>>19209174
you have half a ton of silver?

Are toned silver ounces any good? There are some vintage christmas ones up for nabbing off ebay.

>>19209179
Stupid comparison. The value of having portable wealth outside of the financial system never goes away. If anything having lots of your net wealth in immovable property makes it more important.

>>19209270
If he bought in early 2000s it would have only costs around 30k.

>>19209063

Depends on your household combined income. If it’s 550K/yr, then it’s quite easy.

>>19209420
Who the fuck makes that much on /biz/. I thought I was in the upper echelons with 2020 anticipated household income $180k

>>19206586
imagine not going 50x in crypto scams to buy more gold

>>19209386
>The value of having portable wealth outside of the financial system never goes away.
sure it does.

if you never need it outside the financial system then you've wasted hundreds of thousands of dollars storing and protecting it over your lifetime. Then there's the costs associated with buying, authenticating, and selling it.

The apocalypse you guys dream of probably won't happen. If it does, it's not going to happen the way you prepared for anyways. or it'll happen when you're too old to survive it no matter how you prepare.

>>19209393
I've got a relative with a couple tons of silver, I'd be amazed if anyone here has anything close. Also anon was probably 12 in the 2000's

>>19209420
>If it’s 550K/yr, then it’s quite easy.
I make about that, but I don't put money in PM's.

not that much anyways.

>>19209445

An example would be a medical doctor + salesperson.

>>19209466
>apocalypse

Strawman, stop responding to stuff nobody talked about.

>if you never need it.

I've never needed my fire extinguisher, anybody who doesn't have one is still an irresponsible moron.

>>19207097
>BoA
>perfect reverse indicator
>harry dent was right
see you at $700

> spot price of silver drops
> premiums go up
> spot price of silver increases
> premiums don't change

>>19209466

Look here, short stack, no one expects the apocalypse, but we do worry about a 1922 Weimar where people with paper saving lost everything. You think the idea of "formerly well to do house wives" is an original meme? It's Babylon in Berlin when most of the former "middle class" women in Berlin had to resort to hooking.

>>19208141
Lol I just woke up when I posted that and like magic he uploaded right before

>>19209466

>not knowing what a hedge against fiat inflation is
>current year + 5

You're also forgetting that having a huge amount of your assets in PMs is amazing for avoiding taxes such as capital gains when you want to give your children your assets in full. And broadly speaking, PMs are great for being off the system. It's very easy to walk up to a coin store and sell a gold maple for $ 1,750 USD cash. That could keep you going for a while.

>>19209677
>not knowing what a hedge against fiat inflation is
that's what my house is. Much better than metals too.
>PMs are great for being off the system'
You haven't sold any recently, have you?

>>19209839

have you?

Good day, fellow hoarders!

Let’s play a game: Which sack should I open first?

>>19209839
Are you that MUH MORTGAGE Hedge anon that kept ranting a few threads ago? Lol give it a fuckin rest dude. You don't own the home if you haven't finished paying the mortgage either.

Oh fuck brehs

I just bought (1)

Am I gonna make it?

>>19209892
I sell them as a business.

the IRS tracks most sales of large quantity, and so do dealers. Even split up over time. We have forms for it and everything.

>>19209179
>>19209063
Nobody wants a collapse. But it's good to be prepared.

>>19209932

Very true. Declining property values can make refinancing very painful. Also, last time I checked, I never have to replace the roof or finish the basement of my gold.

>>19209983
This boomer brags about his fuckin house in every other /pmg/. Nobody even brings it up and he starts ranting about home "ownership" . Annoying as hell

>>19209921
the white one

>>19209976

post proof

>>19210009
>Nobody even brings it up
still can't follow a thread, can you?

I didn't bring it up.

go be stupid somewhere else.

>>19210017
https://www.investopedia.com/articles/personal-finance/081616/understanding-taxes-physical-goldsilver-investments.asp

>>19210035
He's asking for proof you're a metals dealer boomer

>>19210053
Are you a florida anon?

>>19210075
sure, because I want to dox myself to a bunch of mouth-breathing retards that hate me.

>>19210053

No I mean proof that you sell PMs as a business. Also, I'm not American, so the IRS can suck my butt.

Tell me how a person who sells 1 - 2oz of gold per month for cash only at a local coin shop is tracked? Especially if they never deposit their cash all at once, or ever?

>>19210106
I probably frequent your shop, maybe even this morning.

>>19210016

Looks like we got mostly random silver dollars: Ellis Island, Constitutional, 1983 Olympics; a Silver Bermuda, and a 10 yuan Pandabro; everything else looks like just junk.

>>19210107
>I'm not American
why specify US dollars then?

>Tell me how a person who sells 1 - 2oz of gold per month for cash only at a local coin shop is tracked?
In the US we take down your name and probably check your ID. If you sell every month in the same shop the dealer is going to know it. Most shops are probably small enough to recognize you.

you could probably get away with it if you're traveling the country selling small amounts all over, but that seems like it would cost more than the taxes.

>>19210139
Noice

>>19210035
Ok you're right I apologize
>>19210106
Nobody hates you dude lol cmon now.

>>19210106

okay. In this case, I'm a psychiatrist MD, and I diagnose you with being a massive faggot.

Also, I don't need proof to back this up.

>>19210035
yes you did, see >>19209063 and >>19209179
and >>19209839. Utter prick

>>19206550
stacks all day

>>19209270
about that...started buying 7 years ago
Figured out a hustle...been accumulating
full time

Ah, looks like the black sack wins out this round!

>>19206550
i was told that kennedy half dollars are worth 5 blowjobs, can anyone confirm this?

>>19210361
Nice couch

>>19210361
pleb stack

Aye orange ID
Gotta post mah dutch stacklet now

>>19210053
>https://www.investopedia.com/articles/personal-finance/081616/understanding-taxes-physical-goldsilver-investments.asp

It seems the reporting requirements are only on very large transactions, $1000 face in 90% silver coins, 25 or more one ounce foreign gold coins, 1 kilo gold bars. That also does not account for how much under the table dealing is done in coin shows or other in person meeting. Basically, if you sell to a dealer you are a low agency queer.

>>19209934

PAMP is great. Make sure you get it verified.

>>19210167
I bump your thread anyways.
>>19210206
>yes you did,
all of those comments were in response to someone else.
>>19210128
I flip coins on ebay, don't go hating some random coin dealer on my account.

>>19210444
How to do that?

>>19210444

how do you verify a PAMP?

not the full stack but the best of

>>19210496
>50 eur

Why

>>19210406
Thanks, it’s bretty good. Sadly it’s just pleather, far easier to clean though! Highly recommend
>>19210429
I apologize, that wasn’t even its final form

Someone asked me few threads ago to post monarch when it came in, so here ya go. Nice chunky boy. Also bought two random secondary rounds from JM up to that are vintage, which is nice I just expected buffalos. I'm right around 110ozt silver and 1/4oz of gold. Might buy another 1/4oz of gold on 1st

>>19210528
Comfy carpet

>>19210528
upgraded to india's 3rd highest caste stack

>>19210535
I like the rustic slab

>>19210479
>>19210480

Works like a charm. Unless you wanna by a very secretive stacker.

Ur walking down a filthy hallway when this stack blocks ur path and slaps your gfs ass. What do you do?

>>19206868
Why not florida? Just curious as an fl native

>>19209670
You summoned him

modest stacking, I have more silver in tubes but i dont bother grabbing them out of the safe

>>19209677
>current year + 5
I wonder when this is gonna get out of hand. Will shitposters one day say >current year + 71?

>>19209839
>house
>hedge against fiat inflation

Is it worth taking a 6% loss on my shares, selling and then buying bullion?

Long term I think the stock market is going to end up like Venezuela.

Since getting into Bullion I just want to grow my stack, from an investment stand point I think Gold is probably a good bet.

yesterday i tried being a lil wolf of wall st and bought DSLV to take short pozition against silver price. and now i'm down a few shekels. feels bad. pee pee poo poo.

>>19210496
>>19210525

Gotta spread that fiat love

>>19210661
Proceed to get jealous because the stack slapped my gf's ass instead of mine, obviously.

Postin

>>19210955
Gamblers never win long term. I realized a long time ago I'm not smart enough or savvy enough to time the market. With stacking you don't need to time anything though, just autistically add metal over time and you are guaranteed to win in the long term because central banks are guaranteed to print exponentially more money over time. Five trillion dollar deficits due to Corona virus? It will happen and guarantees the next crises will need 10 or 20 trillion dollar deficits to get the same economic stimulus effect

>>19210963
Alright

>>19210890
Based retard

I really like the look of the silver britannias, as an American, does this make me a retard? I've also got eagles and maples because North American mints.

>>19211291
I like them too. I almost bought some kinds wish I did when they were under $20 on JM last week. I hear they milk bad though

>>19206550
Should I buy 10 Bat Boys? And is this silver thing really going to moon? The dollar is strong af right now.

>>19211308
Picked up a tube when JM was running those prices. They're still not badly priced right now, they're only $21.70 on JM which is pretty great compared to other BU coins. Sucks to hear they milk though, hopefully the 2020s wont, but if they do they do.

>>19211291
Funny, i enjoy american silver much more living in the UK. Though i do buy aussie and some euro stuff too.

poorfag wannabe wolf of wall st here again,
i'm about to list for sale my 5 oz Monarch poured silver bar, which i bought for around $110 before the march panic. this is to shore up my trading account because i fucked up. anyone have thoughts on why this is a bad idea? straight away i'll lose money on the fees and shipping alone...and plus the time to write the listing, take photos, etc.

>>19211421
pic rel is basically me

>>19209839
Sorry bro but the housing market is seriously inflated right now

>>19211421
Just hold onto it unless you're literally about to miss a rent payment or something. Trading in/out constantly is a great way to lose money.

>>19211396
Personally love the look of the Candian and British coins. Something about the detail of the maple leaf, and the detailing behind Britannia and the queen. Me being second generation British also probably has something to do with it.

>>19208380
I have above $100k worth of PMs and I buried them in a public park. Literally no one would look for a treasure in the park.

>>19211459
local markets matter, same as coins.

the world housing market could crash and my housing market still go up. Just like silver might crash while bats go up. Neither houses nor coins are strictly fungible

>>19211569
You just made the biggest mistake of your life.

>>19211668
It's illegal where I live.

This is my “stack”. My very first silver. Just picked it up an hour ago.

>>19211716
>buffalo round
welcome to the cult, newfag

>>19211692
>It's illegal where I live.
It's illegal most places we do it

>>19211782
It's illegal, as in "you get jailed if you're seen doing it and everything you found belongs to the state anyway".

>>19211569
I rlly hope to fucking god this is bait

>>19211840
yep, same here.

still hundreds of people doing it. Cops don't consider us serious criminals, I've talked my way out of more arrests than I can count.

>>19210528
You’ve killed before

>>19211692
“Group of retirees find massive cache of precious metals!”

>>19206868
What about New York state? Anything on Long Island or are all the shiny rocks upstate?

>>19211474
Britainnia is good, leaf is trash. Buy an emu, koala or wedge tail eagle for best looking 1oz sovereign coins. Pic related

>>19211421
>>19211308
>>19210661
Based Aussie bro
>>19210528
Who here

/perthmint/ pilled

I am going to go through archives today and find the post I where I told you people to sell your silver to panic buying retards at 3x and buy it right back from Perth mint on back order.

>much no delivery
Western Australia is a giant fucking desert that produces the 2nd most amount of gold in the world, only a very close second to China. They don’t rely on (((futures))) delivery from the kikes at JP Morgan or Comex. Nearly all their gold and silver gets digged up from the ground only few 100km away.

>t. Roo posting anon who multiple times told all you burgers to order from Perth mint and just wait.

Bonus: do you know that Perth Mint supply’s the blanks for US eagles, so your premium is simply the price of Perth mint using whites to precisely make the highest quality blanks in the world that are then shipped all the way to US to be stamped by diversity hires and charge you for it. So ordering an Aussie roo, which is the same product with a different stamp quicker and cheaper than an eagle, as stamping is done on site, and you only wait for it to arrive to your house not the us mint and then forwarded to your house.

YEAR OF THE ROO

Pic related I bought at NORMAL premium during the $14 dip. All of it profit from selling my milky maples and random generics I wanted to offload anyway for 3x on eBay.

>>19207582
Mein neger freund!

>>19209367
I personally would not pay a premium for toned coins or bullion. But if you're just buying bullion (no numismatic value), there's nothing wrong with toned silver.

>>19206868
Michigan? Obviously in the UP but anywhere else?

>>19209367
Do not buy silver from eBay or some subreddit or Craig's list etc. Only buy bullion from reputable dealers with xray machines and spectrometers and magnetic testing machines and conductivity tests. They are the only ways to guarantee you don't have tungsten cores or some other trickery.

>>19209420

Our household income is more then that.

We keep between 1% of our total net-worth in PM bullion. Probably have another 1% in gold jewelry and around 3% in vintage Rolex.

>>19211031
i agree, but gamblers win if they have self control, patience and luck. i have none of those. was up a decent amount last week from put options against bloated shit like fb and wynn, then lost it all back on one bad move that would have been profitable had i waited for a couple hours (PTON puts). i'm fucking seething because i'm now down the equivalent of 5 oz silver and want to sell my silver to get more money into my trading account so i can win it back.

thanks for your input though fren. it's been a wild ride so far. if more news about miners and mints opening up spreads, we'll see a downtick in spot price (which is fake and gay anyway).

>>19212602
shieeeeeeeeeeeeeeeeet das how lady liberty look now??

>>19210139
are you the grab bag fag?

>>19212703
We wuz lady liberty n sheeit

>>19212179

Lol not saying anything, but hobbies are important, some of mine happen to be numismatics and vintage weapons, like most of this board

>>19213051

Nope

>>19212602
What are those silver coins on the left? they look nice.

>>19213421
apmex silva stackas

>>19206859
>>19210440
>>19210496
>>19210535
>>19210661
>>19210858
>>19211028
>>19211716
>>19212324
>>19210240
>>19206550

>I see stacks
>I see and think
>"Nice stack frens"
:')

My current stack.

Can’t buy for the next few months taking a job change.

>>19211692
jesus christ

>>19211569
>"Local workings digging sprinkler lines find 100k in PMs, it will be used for minority dance theory education"

>>19206738
yugioh gang
fuck magic guy

Guys just tell it to me straight. I bought a few memebats last month for laughs, was my first silver purchase, not cost effective all but they make a nice coaster set. I've got the itch now and want more but have no idea what product to be stacking. I'd like to keep it fairly divisible (like 5oz pieces at most) but I'm not really sure what to go for. I don't care about meme designs. Is it fine to just stack secondary market bars from a reputable dealer forever, or are ASEs or other sovereign coins really worth the premium?

>>19213800
Buy 10oz bars anon. Best bang for your buck and I use jm bullion usually.

>>19213800
Also I the itch is something that is all consooming. I’m a poor fag and have 353oz of silver that I’ve only acquired in the last year. I am broke as a joke. So hopefully I can get some merc dime blow jobs from formerly well to do housewives.

>>19213691
It's illegal in most commonwealth law countries.

in the US it's trespass and theft unless you own the property or have a legal lease agreement with the owner to metal detect.

we get around that by either of the following options:
1. I didn't find anything of value
2. I found this valuable item while trespassing on your property, would you like to cut me a lease and I give you half or should I go to jail and keep it all?

99% of the time those options clear up the legal issues. If not we depend on the state to expect more costs prosecuting us than they'll re-coop.

>>19207582
>basement
>false wall
>safe
I'm in a 1 bedroom apartment

>>19212602
lol i think this is the only US Mint gold coin that has not appreciated with age

>>19213929
the unpopular coins are the ones that wind up being worth more if you wait long enough.

>>19213825
I wouldn't mind going 10z, are there any decent poured bars still out there at that weight? Seems like all the poureds are out of stock and all anyone has is silvertowne generics.

>>19206550
Scottsdale Mint
https://www.scottsdalemint.com/shop/

They had good prices for gold and silver for a while. Haven't checked lately.

>>19206550
Will the OPs quit being faggots for once and clean up the header ffs. And for christs sake there is the info from PanMan that was included

>>19214208
Make the next bread, stacklet

>>19214095
It’s about stacking right now anon. You need to stack as much as possible. No matter what the look just stack.

>>19214208
>>19214232
If you do make sure to add
>housewife status: still well to do.

Collected these Monday from the mint a after waiting 8 weeks due to fake pandemic lockdown

>>19214208
Make the bread faggot

Shieeeet they're sold out of Austrian 1 ducats

What are peoples thoughts on Jewelry? I know oz for oz there is no investment, but I was wondering as another vehicle for storing wealth. Hey, Pimps wear jewelry since that isn't confiscated when they get arrested right?

>>19214587
It's called "jew"elery for a reason

>>19214587
it resells for like 10% of retail price

I like it if it gets me laid, but that's its only value

>>19214630
See, I understand if you are buying to sell or trade or whatever you are paying 2-3 times the weights worth. I was wondering peoples thoughts on it being sort of a different way of storing wealth, extremely liquid wealth that I imagine would be fairly easy to travel with.

>>19214676
It seems like a convenient way to sell PMs way over spot. I don't have any objections to buy, sell, own or create jewelery. It's just not for me. I have a silver bracelet and that's it. And I like it for ornaments and such. I think it's a good display of power and wealth.

>>19212602
We wuz minutemen and sheeit nigga

I watched fucking BEE movie yesterday bros.
https://www.youtube.com/watch?v=zvu0fAdLtzg

>>19211390
I remember hearing something about a solution they started using around 2016(?) to help with the milk spots.

TRAIN IS LEAVING THE STATION

>>19215083
Stop mooning you shitcoin I'm not done yet.

>>19206868
How do I find pirate gold?

Some Aussie silver coins I've picked up under spot recently.

>>19215176
This I was planning to finish at 1000 oz and I am barely at 500 yet

>>19215083
Alright I'm pulling the trigger on this cart, watched it go up enough $$$ already

>>19215311
those are sweet, love the aussie coins

https://www.scottsdalemint.com/product/100-gram-cast-silver-bar-by-scottsdale/

These bad boys come out to $20.93 per ounce which seems pretty good for a 3.5oz bar. Meanwhile findbullionprices is showing 10oz bars starting at $20.80 and Scottsdales' own 20oz kitkats are going $21.35/oz.

I really like the form factor and the poured sexiness. Should I grab a few?

>>19209445
my parents combined make $1.2m/year, i don't see any of it

:')

>>19211345
The dollar is almost never truly strong. It is only strong against other pieces of colored paper.

tfw 10oz of silver

>>19206789
Littleton coin company

Wont silver and gold go down as the country opens back up? A lot of people bought PM's during the panic and FOMO but they will need to pay bills and other expenses and you cant send in a tube of silver or a gold coin at the grocery store to pay for it. Wont a lot of metals flood the market and drop prices first before industrial demand spikes prices?

>>19214259
kek'd

>>19214030
Owners of the Commemorative Arts gold coins would like a word with you. :) The black liberty coin is only ever going to have a numismatic premium if a lot of black people become wealthy and decide they want to own gold coins.

>>19215083
I will keep buying all the way $50.

>>19215083
FUCK!!!
I have 3oz Gold, 100oz Silver and 20k sitting in reserve. What to buy another 100oz silver though I have the 20k earmarked for a downpayment on a home (after the market implodes).

what do friends?

>>19215611
Retail is not moving the market, fed policy is.

And the pandemic ending has nothing to do with why Pm's are going up
money printer going Brrr is the reason plain and simple

>>19215694
Libbity Niggity?

>>19214587

Dude ignore the poorfags on here.

My wife wears 22K gold jewlery and loves it. She has many braclets, bangles etc and wear and enjoy them daily.

I own many steel and full gold Rolex watches. I also wear and enjoy these daily.

Both of these categories of goods have appreciated significantly over the years. Not as much as stocks or real estate but still a fun way to enjoy your wealth.

>>19215798
Buy the silver obviously

use the profits towards the down payment

do any of you go to the bank for coins?
I was thinking of searching pennies... but I'm nervous to ask
do banks ever have anything else interesting? I guess it wouldn't hurt too much to ask

>>19214587

BTW. Sorry forgot to add.

Do NOT buy fashion jewelry or pay a lot of premium over spot. You will get hosed badly in most of those cases.

>>19215694
Thanks for the hearty chuckle

>>19215798
The housing market will take a year or two to crash, and 100oz is only $2,500. I think you can swing that.

>>19215829
If you ask get a whole box so you don't waste their time. It's not too weird just a little uncommon - people need them for vending machines and businesses. I've only gotten quarters and I think a box is $250?

>>19215918

The housing market is not going to crash.

This is the millenial dream because their only recession experience was the financial crisis.

In a typical historical recession real estate actually DOES BETTER and does not dip.

There is so much dumb money sitting on the sidelines "waiting". They are going to be really disappointed when nothing budges with low supply and historically low debt ready to support real estate investment.

>>19215798
Silver go up
House go down

Thought on starting to convert my silver to gold at a current 80:1 silver/gold ratio (accounting for premiums on physical silver rn)
Wondering if I should wait a while to try and get more bang for my buck. What would you do?

>>19216014
you are retarded as fuck. great post.

All I got in the gradstack. Waiting on my 1st oz of platinum and 5 more oz of silver to get me over the 100oz hump.

>>19216035
I think the anon is right, though. It is quite difficult to see another nationwide housing price crash for many reasons. The Federal Reserve is intently watching for any asset price falls and will step in to manipulate prices higher through additional buying of mortgage-backed securities and, perhaps, allowing a looser lending environment. A housing price crash would cause a tremendous amount of debt securities to crash which would wipe out a lot of banks, pensions, and rich people. If there's one thing that we can be sure of, the banks and the rich people will not take their medicine for their poor investment decisions. Like in 2008-9, they will demand some sort of bailout and likely get it.

I think the best we can hope for is a massive bubble in precious metals prices that allows us to buy houses cheaply. A nice house for 100 ounces of gold would be a good price. At the moment, we're still at roughly 200 ounces of gold for a nice house.

>>19210790
wrong geology, no igneous intrusive structures or other features that produces gold, and no glaciation to bring gold into the region from elsewhere.

>>19212305
nothing on Long Island that I no of, there is fine gold all over the state brought in by glaciation, and stories from all the way back to the 1600s say people were trading in course gold, but records for these mines have been lost. Any gold found in New York also belongs to the state so really not worth looking right now. Try the Patomic river though if your interested.

>>19216026
Its a good idea to have some gold mate but don't go all in on it. I have 30/70 silver/gold but I think silver is a better buy atm.

>>19215527
anon 31.1grams = 1oz
100g / 31.1 = 3.22(roughly)
73.82 / 3.22 = 23.07 (roughly)
$23 dollars is not worth it, but some govt mint coins for that price

>>19215807
This

>>19212473
Lots of mineral wealth in Michigan, copper, gold, silver, lead, zinc etc. Try this weblink for info https://raregoldnuggets.com/?p=627.. You can find copper nuggets as well.

>>19216151
>e crash would cause a tremendous amount of debt securities to crash which would wipe out a lot of banks, pensions, and rich people. If there's one thing that we can be sure of, the banks and the rich people will not take their medicine

I think we might see stagnant or slightly lower house prices (5-10%) and maybe some better deals in resort/vacation towns. I kind of doubt we get a huge house price crash this time. I think there will be some huge opportunities in commercial properties (potentially some live/work type properties). Personally I'm keeping an eye on properties that also function as a small business - think a property with multiple cabins. If I could pick up a primary residence that also has 2-3 rental cabins on the land for summer income that would be a dream come true. All I need is for my holdings to roughly double from here and I'm on track to do something like that. If Gold goes to 2500 and miners double or triple I'm all set and time to quit the office job.

>>19215222
first research an area known for treasure finds on shore, or look up folklore about buried treasure. 99% of the time the stories are bs but sometimes there is a legit one mixed in. Next its either beach combing with a metal detector or diving for wrecks. Thats not my area of expertise though. Look up Dr Bob Ballard's work on the subject.

uh-oh

>>19213629
Based

Should I give in and just buy silver and gold now or wait for prices to come down first?

>>19216457
There is no going down if prices keep preforming daily like this

>>19216457
I got a small stack of silver and gold before the pandemic and a week or two ago got 80 corona coins at 113 each, now the minimum you can get them at on apmex is 118. Not a bad idea to get a small position now and DCA. I wouldn't go overboard, just look at the silver and gold chart a decade ago.

>>19216457
>>19216493
I'm not buying any more gold until after corona is over because its hard to say where the price will be when things get back to normal. But silver is probably still worth buying especially low premium silver.

>>19216457
i'm broke, but I keep looking at prices and 21 and change is the best price for a govt mint coin. 26 for a ASE.
fuck it, i'm betting july or august prices will have dropped to where I can get a ASE for 20 bucks...

>>19210240
Wow, guns in /pmg/ that aren't absolutely poverty tier

Had no internet all day, went diggin, got some gold, great day to be out.

>>19209179
>>if I had a car I'd spend way more on my bike
That little analogy you just camr up witg has nothing to do with the investment of PMs

>>19216693
What is your opinion on the 4th act of The Ballad of Buster Scruggs

>>19216693
get a satellite connection so you can shit post 24/7 lol
also I hope your keeping those toes warm, looks kind of chilly

>>19209839
>My house will just sell instantly and then I get money

>>19216731
Love that movie, yes thats pretty accurate right up until the end where he dug up the vein and got shot. Dispite what people think, most of the rushes weren't that violent... except for Pioche Nevada.. a lot of guys died in that rush.

>>19216738
surprisingly the water wasn't that bad this time, usually I loose feeling in my hands almost immediately but its almost ... hot this time? real odd. But if do get cold I usually already have a fire going nearby. I would show a shot of the gold but i need to get the magnetite out yet.

>>19216649
I hope you are right

>>19216731
>>19216797
Buster Scruggs is absolute golddigger kino, any other recommendations? Documentaries are fine too

>>19216457
The gold silver ratio is at 100 year highs.

A few weeks ago it was the highest it has ever been in human history.

Silver run is just beginning.

Baby stack here.

>>19216830
I suggest "Mother Lode" from 82 by Charlton Heston. Its corny but it features my neck of the woods, the Stikine district and a mad miner who reminds me of my mentor "Trapper Dave". Also watch the more recent movie "Gold" from 2016. It follows the events of the "Brex" fraud which ruined the junior mining sector for two decades.

>>19216014
Historically low debt

>>19210240
based M1 Garand owner

damn, good for you brother

>>19216014
On one hand you have a bunch of rekt air BNB owners, rekt retail/commercial, and rekt landlords w/ tenants not paying rent. You also have a potential exodus from the cities.

OTOH you have historically low interest rates and an entire generation that has been saving a down payment to buy the dip. Overpriced cities cities fall, while suburbs 30-60 miles out of the cities stay flat or grow.

>>19213629
fuck socialism faggot

>>19217055
>On one hand you have a bunch of rekt air BNB owners, rekt retail/commercial, and rekt landlords w/ tenants not paying rent. You also have a potential exodus from the cities.
Keep an eye out closely for either a bailout or some sort of crooked deal with a private equity firm borrows billions of dollars at 1% and buys up all the foreclosed houses.

>>19216838
So buy now? What do I even get with $3800? I do have 236oz silver already. Got them a while ago though. Will prices not come down a bit first?

>>19216014
>12 year cycle
>air bnb businesses defaulting on mortgages and dumping new properties on the market at low prices
>renters not paying rent for extended periods of time
>millennials and younger are some of worst savers in the history of america, boomers already own homes
>construction continuing further pumping a market full of supply where there is low demand
These are some reasons I think youre wrong but I'd love to hear why you think real estate wont have a downturn.

>>19215176
>>19215325
You've had years bros

>>19213629
1488% based

>>19217194
foreign nationals buy up the excess as a means of parking their wealth in the US dollar tax-free

This never gets old for me, the gold brick ingots from the "Bullion Pit" Mine at Likely BC. Got to find the photo of the giant bullet ingots again too.

>>19217258
I'm a grocery wagie

hi frens
i regret buying PMs and not mining stocks
would be up 100% or more
then cash out and buy PMs starting now
i fucked up
financially ruined
half my cash locked into PMs and if i sell i get rekt by fees or some scammer who says he didn't get it.

>>19217527
relax mate your fine, you can still buy some penny stock mining companies. Get at it fast though!

Gold from the Nome Alaska in the early days.

>>19217548
thanks m8 i will try...heard about CDE from other threads or /smg/ and didn't pull the trigger when it was still going sideways...feel like it's too late now.

>>19217527
I wouldnt even know which mining stock to get desu

>>19217609
Pretium, Goldcorp, Skeena resources, Freeport and above all never go near Barrick gold.

>>19217634
What's wrong with Barrick?

>>19217509
Where are you at with your stack and what's your goal?

>>19217661
They keep getting sued in international courts by rights groups and governments for their long list of humanitarian and environmental crimes. They are probably one of the scummiest companies in existence right now, they profiteer off violence they create, and use investor money to do it. Some day sooner or later they are going to get hit with charges they cant hide from and take everyone involved down with them.

Take my word on this, you dont want your money near this company.

>>19217634
skeena and goldcorp not on robinhood

>>19217749
dam it

Go with Newmont, Kinross and Eldorado mining than, if there not on Robinhood than I am not sure which to go with.

>>19217634
i just realized Oceanagold is available in US in OTC.

>>19217770
I get a nickel every time you say Newmont or Freeport

>>19217784
there pretty good I would go with them

>>19216226
And today is the day my newfag ass learned a troy ounce isn't the same as a regular fucking ounce.

I'll just be over here in the corner feeling retarded, thanks.

>>19217801
Newmont Freeport Newmont FreeportNewmont FreeportNewmont FreeportNewmont FreeportNewmont FreeportNewmont FreeportNewmont FreeportNewmont Freeport

>>19217801
hay there easy to find in lists and are top dogs in the industry, of course I am going to mention them.

>>19217770
>Eldorado mining
Eldorado gold?

Ill check them all out thanks man. How do you feel about Alio, Hecla, First Majestic, and Silver Crest?

>>19217815
Troy lb is different too lmao

>>19217828

>>19217770
>>19217634
>newmont
>goldcorp
Newmont bought goldcorp

>>19217848
A Mining Engineer friend of mine interned with you guys and had a job lined up for after he graduated, but apparently all interns and fresh out of college graduation hires were cancelled due to Corona. Were you hit that bad?

>>19217839
sorry yes Eldorado Gold, brain fart.

First Majestic's doing well with their exploration and producing mines, Hecla is restarting full scale production at their Lucky Friday Mine soon and Greens Creek as well. Don't know much about Silver Crest, but they seem good from their exploration projects. Never heard of Alio either but again they are operating and exploring. All solid investments.

>>19217878
attrition was by seniority. We cut half our staff in the US per CDC recommendations.

now the markets are tanking though. Shit's about to get bad. I don't think the miners are all that bullish atm.

>>19213629
>>19217314

HAIL

>>19217874
when did that happen?? Have I been that out of the loop?? shoot I still get email notifications from them all the time.

>>19217912
beginning of last year iirc

>>19216871
that PAMP will tarnish without any protection breh

>>19217932
Why does some silver tarnish but others wont> Isnt silver just silver?

>>19217842
I bought 4 of those little 100gram fuckers so I basically wasted $25 or so. At least they'll look cooler than generic buffalo rounds I guess.

>>19218068
Much cooler. Buffalos are lame. If price ever drops again you just buy more to bring your stack cost average down

>>19216285
unfathomably bullish, if others shitholes start to do this and finally understand there isn't any gold left in the LMBA, there will be a gold rush all over the globe in no time.

Should I fomo? I already own 500 oz but I feel like I need more now.

Silver or gold for a nometal?

I was thinking 2oz gold to start. Just want somewhere safe to put my money that may even ROI higher than a bank.

I also sorta want a gold chain...

>>19218242
50/50 - gold/silver to start

if you want a gold chain buy from a website like Mene because all their jewelry is 24k, not 18k, 14k shit that sells for stupid high premiums

>>19218242
Right now gold IMO, if you really want to get silver, it's almost impossible to get in under 20 an ounce from what I've seen.

>>19218242
>I also sorta want a gold chain...
based

People finding nugget gold like this makes me keep going... I know there is one with my name on it somewhere.

>>19214232
>stacklet
lol, i made the format that these savages are defiling

>>19214383
i made the last one that was fixed >>19178732
this bum ass op couldnt even back link to the last thread with a recycled jpg. ffs even /arg/ gets it right. unlike 35% of the population i still gotta work

>>19212324
>Bonus: do you know that Perth Mint supply’s the blanks for US eagle
thats bullshit. its sunshine mint with domestically sourced silver

>>19213629
Valcambi is so awesome. Where can I find that exact set? Are those 1 gram?

>>19218567
About how many grams of gold is in a nugget like in that picture?

>>19218683
Ok, its gold hosted in quartz. Quartz isnt that heavy, not compared to that amount of gold. I am willing to bet that 3/4s of that number at the bottom is gold. So about 2940 grams of gold give or take 20 grams.

>>19218724
Thanks. Wow, that's quite an expensive nugget. I thought there would be a lot less gold in it because it looks like it's mostly quartz (by volume) with some areas being heavy with gold.

Man I really wanted another oz of plat but shit went bonkers in the last 48hrs :( I may just cop some more silver or a 1/2oz of gold... idk... Money is a bit tight but I'm worried about saving money now and not being able to buy in later.
I've got ~65oz of silver, 1/2oz of gold, 1oz of plat so far.

>>19218762
its actually hard to tell, but there is no way the quartz weighs half that amount. I ve seen quartz rich nuggets that were 1-2 ounces and when the quartz was laser removed, they usually only lost a few grams.

>>19218793
I'm curious. You have recommended mining stocks in this thread and other threads in the past. On what basis do you recommend those stocks? Are you particularly familiar with the mines those companies operate or is it something else?

I've largely given up on investing in mining companies because in the 2000s, I ended up losing money even though I held for quite a few years and held shares of larger companies. As I was told and found out through bad experience, investing in mining companies subjects the investor to management risk as well as precious metals prices falling.

Guys I want to spend $2000 on gold right now. What do I do? Do I buy a bar? or coins?

I'm thinking 2 of these
https://www.apmex.com/product/17/great-britain-gold-sovereign-random-avg-circ?10478398=22

or

one of these

https://www.apmex.com/product/63/1-oz-gold-bar-brand-name-w-assay-card

I know everyone here is excited about PM pump, but what will happen to Silver when dead cat bounce is over? Silver is going back up because factories buy it again to start production since pandemic seems to be over.
I think we will see cheaper Silver yet when economy reopens and markets start tanking. What are your thoughts?

>>19217770
What about Franco Nevada?

I own Newmont, FNV, BTG and FSM

>>19218870
I recommend companies that are easy to locate online, that have multiple exploration and currently operating companies with strong cash flow. I usually focus on the North American companies as there the ones I am most in tune with (other than me derping and missing Goldcorp being bought out). If I want info on a company, I usually know someone working somewhere in that company who can give me a clear run down on how things are going. I ve worked for a lot of companies, and you build up a massive phone book doing that.

Your right that mining stocks are totally subject to rising and falling metals prices and to how well the company is managed. A great example of a company I would never invest money in is Barkerville Gold Mines, now owned by osisko gold royalties. I have about a dozen contacts who have worked there and I ve never heard anything good other than the ore values come out of that project. Fast turn over in staff, terrible site / project management. Eric Sprott put at least $2 million of his money into the project and than turned it over to others, he was not at all impressed with how things were run at BGM.

>>19218952
I need to give these guys more of a look over, I am not sure if I remember this company under a different name or not.

>>19218963
Is Sprott really all that good at investing in mining companies? What's his batting average? I'm still pissed at the company for launching a hostile takeover of the Central Gold Trust, winning the proxy war, and now I'm paying higher yearly management fees, about 0.65% per year which really adds up when you have a lot of shares held for over a decade.

Would you have any comments on Ivanhoe? It's a company in which Marc Faber owns shares.

>>19219020
I really don't care which brand or anything. I just want to buy gold so I can finally have some peace of mind. I want to buy it ASAP.

What is your go-to for gold?

>>19219037
>yearly management fees, about 0.65% per year which really adds up when you have a lot of shares held for over a decade.
If I buy stocks in miners I have to pay this? Im new, sorry.

>>19219037
I ve actually worked for Ivanhoe back when they were still doing exploration work in BC. Most of their modern work is focused on DRC and other parts of Africa, but I believe they may be interested in some rare earth prospects in Australia. There a solid company from memory but I haven't been keeping as much track as I should.

As for Sprott, I am not sure, he seems to do fairly well finding projects that he can upgrade. He knows what hes doing when he invests in a project or company but things don't always work out, like what happened with BGM.

>>19219074

No, the Central Gold Trust, now called the Sprott Physical Gold Trust, is not a company that produces anything. It is a trust that hold allocated gold bars in vaults. The fees cover the storage, insurance, and general management of the company.

If you own shares of a mining company, the "fees" are taken out of the revenue of the company from its mining operations.

I should warn you that if you're asking these kinds of questions, you are at great risk of losing money since you don't know anything about the companies or how they are run.

>>19219057
Pretium Resources (PVG) is my go to recommendation. There a solid company with massive potential.

>>19219057
if i am being a complete idiot misreading and your after physical gold I am not the one to ask, I dig the gold up I don't usually buy it. I am sure others here can help on that front.

>>19218927
I'd buy the bars since they're less expensive. However, due to the counterfeits on the market, you might want to call APMEX and ask them if they do any sort of testing to ensure that the bars are real. The bars they are selling are, in all likelihood, bought from people and not from the refiners. If APMEX does not re-test those bars and just relies on the packaging, it's possible a counterfeit could sneak past them.

If APMEX does not give you a satisfactory answer or you're too worried about counterfeits, pay up and buy the coins although those sovereigns are kind of expensive on a per ounce basis. You should consider buying a 1 oz Canadian Maple Lea, Austrian Philharmonic, or Australian Kangaroo, if they're in stock, as they typically have the lowest premiums of the 0.9999 fine gold coins.

Well, not stacking, but I have 12.5k in Aberdeen silver and platinum shares that are up 12% in two weeks.

Honest question tho, should I enter on gold? It's at historic highs rn but FED printing might send it to the moon. What do? Got about 4.5k earmarked for Gold

>>19219130
Isn't Pretium the company who main prospect a mine whose drill samples suggest nuggety-ness, where some samples have practically no gold and some samples have quite a bit?

>>19218567
I feel that way about pussy.

>>19219203
Shit, I already ordered it. How do I know if it is a counterfit?

What do I do if it is? do I sue or something?

>>19219262
APMEX will most likely make you whole if it's a counterfeit. You can still call them and ask them what steps they took to verify that the bars are real, assuming they didn't get them directly from the refiner.

There are tools to detect counterfeits but, for bars, the tools are expensive. For example, this tester measures conductivity and density but costs $1,395. I don't think gold plated tungsten bars could fool this.

https://sigmametalytics.com/purchase/pmv-pro-description-2.html

>>19219262
Relax, it’s probably fine. They have a money back guarantee if you want to send it back. No large company wants to tarnish their name with bullshit like some story of them sending out fakes.

>>19219243
They have a massive chunk of territory that has multiple targets to explore, but yes the way you describe the samples that came from their Brucejack mine is fairly accurate. Its think stockworks of quartz intruded in places by wider / later quartz and other sulfide mineralization which has re-concentrated gold in larger "nuggety" features like the photo I posted above. However, they have mapped out their ore body to an asinine degree, they know where all the best ore is and going for it daily. For example, in the early stages of production, the mill operations management was having low value rock added to the high grade material going into the mill because the ore was too high grade. Parts of the mill kept having to shut down due to gold plugging or seizing equipment. Same thing happened back in the day at Eskey Creek.

>>19218933
>Silver is going back up because factories buy it again to start production since pandemic seems to be over.

Silver is going up because Central Banks like the Fed have promised to print unlimited sums of currency. The US Government deficits are exploding.