/biz/ - Business & Finance

We went hours without a thread wtf happened?

>>20462253
no idea I passed out and woke up to no thread. I was about to make one.

>>20462235
Link to last thread?

>>20440295 last thread

Roman Empire Inflation
>The real crisis came after [Emperor] Caracalla, between 258 [A.D.] and 275, in a period of intense civil war and foreign invasions. The emperors simply abandoned, for all practical purposes, a silver coinage. By 268 there was only 0.5 percent silver in the denarius.

Prices in this period rose in most parts of the empire by nearly 1,000 percent.

>>20462269 Last thread:
>>20440295

>>20462262
Hi

>Now, one of the things that had happened in the course of this 3rd-century inflation was that the government found that when it paid its troops in token coinage, or even in debased silver coins, prices immediately rose. Every time the silver value of the denarius dropped, prices naturally rose.

>The result was that the government, in order to try to protect its civil servants and its soldiers from the effects of inflation, began to demand payment of taxes in kind and in services rather than in coin. They wound up, in effect, repudiating their own issued coins, not accepting them for tax collection purposes.

A E S T H E T I C J A P A N E S E S I L V E R F O R U M

>In Diocletian's time, in the year 301, he fixed the price at 50,000 denarii for one pound of gold. Ten years later it had risen to 120,000. In 324, 23 years after it was 50,000, it was now 300,000. In 337, the year of Constantine's death, a pound of gold brought 20,000,000 denarii.

>>20462378
got a source for this? does that even make sense? Could the roman government even imagine that kind of number?

>>20462378
>>20462402
It makes sense when you learn they inflated their currency by lowering the silver content of their coins.

>By the time of Trajan in 117 AD, the denarius was only about 85 percent silver, down from Augustus's 95 percent. By the age of Marcus Aurelius, in 180, it was down to about 75 percent silver. In Septimius's time it had dropped to 60 percent, and Caracalla evened it off at 50/50..... By 268 there was only 0.5 percent silver in the denarius.

Just one thousand more ounces and I have a suicide stack. Excited bro!

>>20462474
whats interesting too is we have archeology that tells us the Romans knew they were running out of easy to mine silver and gold. There is evidence in some of the ancient mines in Britain and Germany that the Romans were almost frantically looking for new silver veins to work, digging haphazardly. They knew this a long time before they actually started running out but didnt do anything about it. Same goes for the Roman gold mines in Spain. I am looking for the article now, but several ancient work reports basically say "we dont know how much we have left what do we do?".

how should bingo be done? everyone X's out what they got? or does everyone post a pic then we fill up the pic like a mural?

>>20462565
In a way, Rome was our society on steroids. Where our economy believes in a religion of the eternal 'more', and worships growth, they basically built their society on conquest, taking wealth and slaves form their frontier and transferring that value to Rome, without ever increasing the ability of Rome to generate its own value.

Everything good about Rome died with the republic.

>... Merchants and the artisans ... came under government pressure because [it] not obtain enough material for [its] war machine through regular channels — people didn't want all that token coinage. So merchants and artisans were now compelled to make deliveries of goods.
Roman merchants literally would not exchange their services to the government because the money was becoming so worthless. Rome forced them to.

>... If you had a factory for making garments, you now had to deliver so many garments to the government requisitions.
>If you had ships, you had to carry government goods in your ships.
>In other words, what we have here is a kind of nationalization of private enterprises ... the people are now compelled to serve the state whether they like it or not.

>When people tried to get out of this they were then, by law, compelled to remain in the occupation that they were in. In other words, you couldn't change your job or your business.

>This was not sufficient because, after all, death is a relief from taxes. So the occupations were now made hereditary. When you died, your son had to take up your profession. If your father was a shoemaker, you had to be a shoemaker. These laws started by being restricted to the defense-oriented industries but, of course, gradually it was realized that everything is defense-oriented.
I forget the word for this. Hereditary servitude? Occupational slavery?
It dominated across Europe all the way til the 19th century as well.
/pmg/, remember, this is why WAGMI if sticking to our shiny rocks. We can be the lords of the future rather than the serfs.

>>20462402
I don't really know what you're asking, sorry. Here's the source.
https://mises.org/library/inflation-and-fall-roman-empire

>>20462565
It's not really that they were "running out of silver" so much as they were running out of new money to inject into the economy to fund their wars and such. If they stuck to the high silver content, they wouldve had to keep spending low.

>>20462639
>because [it could*] not obtain
fixed

>>20462476
At first I thought those were kilos of coke.

>>20462639
very true, they basically spent everything they acquired from winning wars as soon as they got it, but if they hadnt, we wouldn't have some of the greatest pieces of architecture in the ancient world.

>>20462235
>>20462476
>2k ounces of silver bars
>Waiting for a pull back to dump 10k into miners

I'm excited, yet patient for our moon.

>>20462669
I'm in an almost identical situation to you bro. 1,820 oz and ready to pour 15k into major silver miners.

>>20462667
Nothing of value was built under Diocletian or his realated retards. Octavian was coasting on the last great conquests, and it was all down hill from there.

>>20462722
been a while since I looked at Roman history, but yea sounds about right.

>>20462680
Very nice, what're you investing in on the other side?

>>20462777
>the other side?
Don't really know what youre asking

>>20462375
Nice. Now do a 5X5 version, but flip some to make a swastika please.

>>20462375
Saved

>>20462599
i am fail

>>20462794
What assets are you planning on buying with that much purchasing power in the future? Rental properties, dividend stocks, ect..

>>20463021
I see.

Land, to build my own homestead. And to be able to support a family on it.

>>20463050
Going for that as well, yet I hope it will only be around 3-400oz's. The rest to play with in investments.

>>20463050
Same plan but at 700oz.
Look into Joel Salatin for good farming techniques

https://youtu.be/smVYindYP3w

>>20463290
For you 2 anon>>20463163

Just got my first few fractionals in the mail. To me it makes more sense to have a bunch of smaller coins, especially as prices increase and normies can't afford full ounces when you go to sell on the private market.

>>20462669
I don't see the point in 100s it seems to big

>>20462669
I'm kind of zen about it. I know the moon is coming and that I'll probably be rich enough to live my best life, but I'm trying not to get too excited, gotta stay humble and keep stacking to attack the banking cartels

I wish I bought more.

>>20463554
it's possible the "March anomaly" wasn't an anomaly at all. If that's the case you're going to have years to buy because the price is going to tank with the US stock market.

>>20463506
Based beyond belief. At this point I'm stacking in order to slip my little silver knife into the ribs of the giant while it's distracted by the riots. It's barely even about getting rich anymore - it's a moral thing, a righteous crusade to free us from the chains of the uncaring bankrolls and faceless incestuous politicians.

>>20462669

Difficult to know what is going to happen with PMs and the miners. David Brady is still calling for a sharp correction within the next few weeks, and for gold to crash, temporarily, to 1750, 1670, or possibly even 1400. (https://www.sprottmoney.com/Blog/time-running-out-for-rally-david-brady-july-16-2020.html)) But Alisdair McCleod is saying that, as a default on the COMEX and a banking crisis are imminent, this is extremely unlikely. (https://www.goldmoney.com/research/market-updates/is-a-correction-due)) And Jeff Clark has shown before that, historically, miners and PMs have not gone down on the second leg down of a stock-market crash. (https://www.goldmoney.com/research/market-updates/is-a-correction-due)) James Turk is predicting $20 silver next week. (https://twitter.com/FGMR)) I am definitely holding all my miner positions; simply going to add more if and when miners crash. But they may never do so.

>>20462669

Difficult to know what is going to happen with PMs and the miners. David Brady is still calling for a sharp correction within the next few weeks, and for gold to crash, temporarily, to 1750, 1670, or possibly even 1400. (https://www.sprottmoney.com/Blog/time-running-out-for-rally-david-brady-july-16-2020.html))

But Alisdair McCleod is saying that, as a default on the COMEX and a banking crisis are imminent, this is extremely unlikely. (https://www.goldmoney.com/research/market-updates/is-a-correction-due))

And Jeff Clark has shown before that, historically, miners and PMs have not gone down on the second leg down of a stock-market crash. (https://www.goldmoney.com/research/market-updates/is-a-correction-due))

James Turk is predicting $20 silver next week. (https://twitter.com/FGMR))

I am definitely holding all my miner positions; simply going to add more if and when miners crash. But they may never do so. If they do crash, I will go all in. If they don't crash, I will go all in if and when the Fed announces YCC later this year.

>>20463436
Yea i was watching your video already, saved. Thanks bro.
>>20463613
What I dream of doing is funding Low earth orbit infrastructure. Propelling us into a K2 civilization someday.

>>20463752
>What I dream of doing is funding Low earth orbit infrastructure
Holy shit
This is what I was going to do
Wtf lmao

Guys say I had $100k how should I split bit between gold and silver?

I was thinking 60/40 in Gold's favour

>>20463476
Lowest premiums, just as liquid. Premiums are weird now, but when I bought them i was saving 200$+ over the 1oz coins.
>>20463751
Indeed it is, I'm a working class fag so I can only hope for another healthy correction. IF it happens by September I'm dumping all available funds even my emergency money and that'll be the last train to hyper inflation.

>>20463771
Do you have space to store 20,000 oz silver?

>>20463899
*2,000

>>20463766
Our prodigy will rule the galaxy!
>>20463771
80/20 for silver, I'm 100% silver bullion until I invest in miners soon.

>>20463899
Yes. I have access to large lots of land.

>>20463952
>>20463899

Why give a preference to silver? Gold makes sense to me because Trump has actively stated his intent to revert to a gold standard. From what I was reading the value of gold would have to increase significantly for that to happen.

>>20464081
Trump is already on his way out.

Silver can unironically triple in price while gold probably won't go up more than 50%

it's up to you what you think will happen though.

>>20464081
GSR. Mining ratio is about 8:1. Dollar value is 100:1. You do the math.

>>20463771
Do you know what $50,000 of silver looks like?

>>20464123
by that reasoning arsenic should be the most valuable metal in the universe.

sometimes there's other reasons for low prices and lack of mining, but they do tend to go together.

>>20464081
Silver has never been this cheap in 5k years of human history. The 100:1 ratio is high enough, the 125 we saw has never.. ever, happened before. If gold goes back to a monetary status so does silver. When it does silver will implode to its historical value of 1:15, or 1:10 ratio.

Lets say you bought a 100oz bar at 100:1 gold to silver ratio.

If you're holding out until monetary status, that could easily collapse to 20:1. That's 5x what you paid for, at 10:1 its 10x. Meaning, if you bought 100oz of silver today, instead of a 1oz gold coin. You could turn that into 10oz of gold coins in the future.

>>20464189
there's not enough silver and gold outside of government vaults to use for money. So you'd have to have EVERY SINGLE COUNTRY IN THE WORLD adopt the shit at the same time or you'd just have one country buying up all the metal with their inflated fiat.

this is exactly the reason we went off the gold/silver standard in the first place. Prisoner's dilemma, and nobody has any motive to help the others out.

>>20464246
According to this, European countries have been coordinating their gold purchases and sales in the past in preparation for the return to a gold standard.
https://www.voimagold.com/insight/europe-has-been-preparing-a-global-gold-standard-since-the-1970s

>>20464280
This is going in my Bookmarks folder.

>>20464311
Fucking same

>>20464280
everybody is. That's the problem. They're all hoarding gold and silver in case we need it for trade, but that's also the reason we won't ever use it. They bought that metal with worthless paper. Nobody wants to reward them for that. It would be awesome if they could force it, but they can't.

the other problem with the silver standard in particular is Colorado. Last time the US forced a silver standard in congress Colorado produced so much silver in 5 years that we crashed the global market. We never finished mining it, the crash ended silver mining. We're sitting on trillions of dollars worth of silver to this day. Just waiting for it to become money again so we can crash the market again. Just like we did in 1893.

>>20464246
Bullshit, it just has to be priced correctly, and that's assuming you're using a centralized national gold standard. The reality is that normal people will be using gold and silver long before the government comes in to control the situation.

The reason we went off the gold standard is because we were printing shit loads of currency for war and welfare, France called us out and started a bank run so we took the dollar off the gold standard. https://wtfhappenedin1971.com/

We will return to real sound money. Not because of programs, but necessity.

>>20464325
>Bullshit, it just has to be priced correctly,
of course, there's always some fraction that will work.

but gold won't go up by 100X if we don't count the gold in government vaults. It'll go up by millions of times. Nobody wants that, there's 7 billion reasons that won't happen.

>>20464325
>France called us out and started a bank run so we took the dollar off the gold standard
that's exactly what I said.

other countries will purchase our metals using their worthless paper. This is the reason we went off the metals standards.

>>20464350
This is the "epistemologically superior, 12 different businesses" fag. Don't encourage

Guys...
So I bought a 2020 BU silver eagle, but Apmex decided to not put it in a plastic capsule and to not put the bubble wrap bag in a box, and just wrapped the coins in a receipt so it got scratched
I'm guessing it was because it was a small order of 5 coins and 3 of them were generic buffalos so they decided to not give a shit

The scratches are really small and not really noticeable unless you look at them closely... as for my random year BU silver eagle it got 2 dents on her titties so now it looks like she has nipples... kind of an improvement imo if it was on purpose but it wasnt

anyone have experience with Apmex customer service? Should I even bother trying to get a replacement/refund? Or is it a waste of time?

pic somewhat related

>>20464337

Not nearly that much, but there wont be a choice. It has to happen. 5,000 years of human history with fiat currency dictates it happens. People trust gold they can hold their hand, after government fucks them they wont trust anything unless its tied to it. Period.

The highest plausible price for gold I've seen is 50k by the time it goes back to a monetary standard.

>>20464394
You're absolutely right, but again we have the same problem we had in 1897, 1933, and 1964

all the countries have to agree to adopt at the same time or it can't work. There's huge rewards for any country that doesn't adopt.

prisoner's dilemma.

>>20464350
They could purchase an out standing amount of metal because of the printing.

Their money wouldn't be worthless if they were also tied to a gold standard. This was a special case because we are the reserve currency, and lying about the value of the dollar to gold.

>>20464392
you're paying bullion prices and expecting numismatic service.

one or the other. Either pay for a spotless MS-70 slab or accept a coin with some bag marks at spot price.

>>20464390
Oh fuck's sake, you're right. Into the filter it goes!

>>20463569
if youre a brainlett who doesnt understand what happened
it wasn't an "anomaly"
investors freaked out that all their stocks were gonna crash so they started liquidating all their assets including silver and gold
this caused the prices to temporarily drop as the amount that they were liquidating wasn't enough to actually do any permanent "damage" to the prices of PMs
and even though the economy kept crashing PM prices quickly shot back up

im guessing this will happen again soon

>>20464415
The whole world is on the dollar standard. If the dollar standard goes away that means the whole world will have have to switch to a new system at the same time. Any countries refusing won’t have their currency accepted for trade since everyone is facing the death of fiat in unison. The only solution will be hard currency.

>>20464430
if I can trade wood pulp and ink for gold it would be irresponsible not to.

they have to all agree on it or any country that doesn't agree is trading literal wood and rags for gold.

>>20464415
People will adopt it, they already are. Gold is at all times high besides US dollar and its close.

Gold is liquid, you can use anywhere. Before long it will be the reserve currency. The benefits to saving in US dollars is over, once the stock market corrects its over.

>>20464446
Bro it's the tripfag, filter and ignore

>>20464446
>if youre a brainlett who doesnt understand what happened
you understand exactly what happened.

but to think it can't happen again might be foolish. What if the stock market didn't recover? What if it doesn't recover after the crash in a month or two?

>>20464415
The problem then was pegged exchange rates, not the base of the currency. Fixed GSRs lead to silver/gold flowing out of countries with pegs in exchange for the cheaper metal. If andorra decided to go free banking without a peg, the andorrans would have to value foreign paper holdings more than local currency for them to have an outflow of gold.

Making the unit of exchange 10 grams of gold is no different than making the unit of exchange 1 andorran fiat if you aren't pegging that to something else.

Nobody respond
Fuck's sake
Nobody respond

>>20464438
a paid a fair premium for my BU silver eagle
why shouldn't i expect them to at least put it in a box or plastic capsule?
why shouldn't i expect my silver coin to not be damaged?
are you retarded? or am I???

>>20464448
>Any countries refusing won’t have their currency accepted for trade since everyone is facing the death of fiat in unison.
the problem is our own currency. They acquire US dollars by whatever means, and we have to give them metal for it.

>>20464479
Stop responding
It's the tripfag again

>>20464470
to back your currency with metal you HAVE TO FIX THE EXCHANGE RATE. Otherwise it's not backed.

>>20464452
Sorry, but that sounds like dumb statistism. People will voluntarily trade their gold for things they want or bring them value. That's up to each individual.

>>20464464
>but to think it can't happen again might be foolish
read my whole post
i literally said i think itll happen again
and there's no reason to believe it won't but why would itn't play out the exact same way as last time?
crashing economic prospects makes the prices of gold and silver go up as far as i can tell
investors panicking makes it dip down for a few days

im predicting dip down to $14 or even $12 for a week and then itll just shoot back up to $18 again and keep rising from there

>>20464500
I'mma shit down your throat. It's the tripfag. Stop responding.

>>20464479
did you buy a collectible or did you buy metal?

if you bought metal it doesn't matter what condition it's in.

if a collectible, sorry, but a BU with bag marks is still a BU

>>20464488
i see...
BUT HES THE ONLY ONE RESPONDING TO ME
GO READ MY COMMENT AND ANSWER MY QUESTIONS!

>>20464500
>People will voluntarily trade their gold for things they want or bring them value. That's up to each individual.
true but that only works because it's not used to back a currency. As soon as you go to a gold standard the price is fixed and people can't choose what it's worth. Or they choose what it's worth and it no longer circulates as currency.

>>20464500
Don't do it man, just don't. He's not worth your time.

>>20464506
the price only goes up because it's not money.

if we fix the price to the dollar the price can never go up against the dollar without the government changing the ratio.
>>20464518
he's an idiot, he has no idea who i am.

>>20464509
>if you bought metal it doesn't matter what condition it's in.
i see why people are saying youre a trip fag that i shouldnt respond to now
pretty sure i know which tripfag too

>bag marks
kys the metal is literally scratched
and even if you wanna be all faggoty about it... material removed via scratches or scrapes is literally less metal so logically it will ofc be worth less

>>20464555
>material removed via scratches or scrapes is literally less metal so logically it will ofc be worth less
scratches don't remove metal and even if they did the coin is minted heavy. So it's more than an ounce to begin with.

>>20464518
I think it looks cool and it doesn't affect how much metal is in the coin.
>>20464555
Just stop responding my man. If nobody responds to his shit he goes away.

>>20464566
>If nobody responds to his shit he goes away.
I'm always here

most of the time you don't know it.

the only time you realize is when you say something retarded and I point it out.

>>20464507
Fuck you FIGHT ME!
>>20464523
>>20464540
True, I am not a fan of centralized gold standard, but its still a beacon on a hill compared to what we have.

>>20464566
>I think it looks cool and it doesn't affect how much metal is in the coin.
does literally no one here care if their coins get scratched??? wtf

I WANT A REFUND
I WANT A COMPLETELY PERFECT 2020 SILVER EAGLE
IS THAT SO MUCH TO ASK???
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>20464596
Come on dude, if you keep giving him (you)s he shits the place up endlessly, and I think most of us really prefer this thread comfy rather than antagonistic and confusing.

>>20464605
Bro I dun give a fuck what condition my shit is in
Silber is silber
Calm down.

>>20464596
>but its still a beacon on a hill compared to what we have.
it would be awesome.
but everyone had to adopt it at the same time and chances are very slim. Not impossible but incredibly unlikely. You and I would both be instantly and insanely wealthy if it happens.\
>>20464618
>hugbox, no conversation allowed
I disagree with you sometimes, you should be strong enough to handle it or ignore it.

>>20464630
yeah... youre right
i should just pay for premiums and not expect the quality that the premium allegedly pays for

>>20464667
it's still BU by law.

maybe not a good BU, but that's numismatics and /pmg/ traditionally rejects numismatics in favor of pure stacking.

call them and see if they'll replace it? I would.

>>20462375
really nice. can you make a video in which you apply those light effects to slow motion capture of coins you drop in honey or oil? different view angles would be neet.

>>20464667
Okay, okay, I'm sorry that I got antagonistic. This utterly braindead stopped clock here >>20464681 has a point. Apmex is usually pretty good about that kind of thing. But ask yourself this: when shit goes sideways, are you really going to care about having a perfect coin, or is it just the metal content that really matters in the end?

>>20464660
Nah, people adopt it slowly. Like now, gold is at an all time high in all currencies except for usd which is very close to its all time high.

>>20464681
>call them and see if they'll replace it? I would.
I guess I will
i just wanted to see if anyone knew if Apmex is even likely to actually replace it
and if people got their coins in unboxed flimsy bags as well
plus i opened one of the buffalos already so idk if they'll even consider a refund without every single coin still being in the plastic pouch

>>20464737
>when shit goes sideways, are you really going to care about having a perfect coin, or is it just the metal content that really matters in the end?
i believe that, because 2021 eagles are going to be different, that 2020 eagles and all the other eagles before them are going to likely increase in value
and assuming society doesn't completely collapse there will still be collector's value, which ofc diminishes with damage

>>20464754
Yeah, the problem isn't people. People have no problem adopting PM's

but most PM's are in government vaults, not peoples' personal stashes. You need government adoption and that's the real problem.

if one government adopts and others don't it will never work. And in fact the only reason people have no problem with it is BECAUSE the price isn't fixed because governments haven't adopted. As soon as a government adopts the price is fixed. That's what adoption means.

>>20464773
>i just wanted to see if anyone knew if Apmex is even likely to actually replace it
they are.

APMEX is a hug

rate my stack, /biz bros

>>20464795
APMEX is a huge company, they care about reputation a lot.

>>20464796
big if real

>>20464796
That’s a lot of copper

>>20464795
>>20464801
thanks fren
i think ill call them tomorrow
felt pretty let down that they would even let this happen in the first place. after all the good i've heard about them, so ive been feeling kinda sad and disappointed

but maybe there's still hope

>>20464848
there is hope. You might lose postage, but perhaps they'll pay that too. A bad delivery is priced in.

>>20464789
You don't need government adoption. It will be forced on them after people have lost their faith in fiat. That's the end game when they don't have any other choice. When they do adopt it, it means they can't print money to fund welfare and war. That's the real victory.

>>20464796
what country?

>>20464868
no doubt. What I'm saying is something like 80% of physical is in government vaults.

so to get there we'd need to work with less than 20% of global supply,, driving prices insanely high before the gov buys in.

>>20464868
>they can't print money to fund welfare and war.
and that right there is the biggest obstacle

they LOVE funding welfare and war. Its what they live on.

>>20464796
th..three empty toothpaste tubes..

>>20464796
Also rate me and my fiat as well.

>>20464956
proud black man with lots of monopoly money/10

>>20464887
Exactly, 50k gold is a reasonable estimate to M2 supply.
>>20464914
Yes, and they wont have a choice. They will have stolen all available wealth. The gold standard will be forced on the ruling class.

>>20464970
But I'm white?

>>20465000
>Exactly, 50k gold is a reasonable estimate to M2 supply.
oh I think it would go higher. 20% of global supply with something like 80% of that in bank and corporate vaults and another 10% lost to industry.

we're talking leveraging a tiny fraction of global supply to thousands of times current value.
>The gold standard will be forced on the ruling class.
if we can force them to do something they aren't actually ruling. We are.

>>20465019
did you sex a proud black man?

>>20464956
who that? what is going on?

>>20465033
I think we can as well before is all said and done.

Money runs on faith, confidence. When people lose faith in the dollar they will return to hard physical assets. Like all of human history. They will adopt a gold standard that (((they))) control out of self preservation, from no other option.

>>20465100
you may be right. I hope so.

but that would mean the common loser like me or you wins bigly for doing very little and history has almost never allowed that to happen. It's a very long shot.

>>20465100
to be explicit,
I think you're exactly right, but they'll confiscate before taking control. Hell, control requires confiscation.

I may be wrong, I'm not that smart. But If I wanted to control the money I'd start by confiscating yours.

>>20462599
what is meant by "chocolate coin" and "trimetal side by side"?

>>20465043
No I didn't. We don't have blacks in our land.
>>20465076
That's the prime minister of Bulgaria, who was photographed by someone while he was sleeping. As it turns out he's /ourguy/ and he's stacking PMs with the money he steals. I suppose anon was having a bit of fun with the pic so I wanted to play along too.

how much gold to make it????

>>20465260
ah, a newfag

chocolate coin is a meme where anon buys a couple pounds of chocolate coins in god covered foil and asks how they afford to sell gold coins at a loss.

three PM's is self-explanatory. Post silver/gold/platinum group metals side by side.

>>20465128
If you see through the lies and deception and make a sound investment then by definition you're not a loser. How many billions of people there are, and how many understand what we do? Your gaze pierces their veil, and for that knowledge you will be rewarded. It is inevitable, we will return to sound money. It's not a long shot, it WILL happen. There is no other logical outcome. For your wisdom you will fund the next phase of human advancement.

>>20465263
>We don't have blacks in our land.
you're missing out on black women

>>20465295
>If you see through the lies and deception and make a sound investment then by definition you're not a loser.
but if I randomly pick an asset and it randomly increases in value I'm still a loser even if I won.

we congratulate ourselves only in retrospect.

>>20465258
How many guys are you willing to send to secure an unknown amount of precious metals?

You can't control the amount that out there floating around. The best you can do is control the price. If you concede to controlling the price, then you lose your ability to print money for war and welfare. Either way, we win.

>>20465336
I know of ground with hundreds of pounds of gold and other ground with tons of silver.

this shit isn't rare, we're just waiting on the price to dump it on you and take your cash.

I don't control the amount, but its a lot more than /pmg/ can imagine.

>>20465329
>Random?
C'mon, you know you didn't pick this asset out of random. Are you still a loser if you can transfer that wealth into another great asset? Personally I plan on investing my profits into orbital infrastructure.

>>20465396
like most boomers my assets are real estate, business equity, and stocks.

PM's are fun but I consider them a hobby, not an asset.

I suspect humanity will be extinct before we mine space, but that's up to you guys. I retired from caring about the future a long time ago.

>>20465363
And?

You have to expend a ton of capital to get it out of ground and refine into amounts and purity that make it worth a damn.

It's not that its rare, its that you can only mine so much.. and its takes energy to do so. You can't just type a number in a computer. That's the real value.

>>20465300
That's like "missing out" on septic tank spelunking

>>20465430
in my country it's already out of the ground.

I'm just talking about what was mined in 1890 and thrown away back then. Free metal on the ground.

>>20465444
personal preference is all. I like black girls but you don't have to.

>>20465300
I saw enough oil drilling in "There will be blood".

Will communism win this time?

>>20465422
>Millennial
They're my only asset, I missed the housing boom after 2012. I will transfer my PM's into incoming generating assets when the time is right.

Sad about the state of boomers. Weather this century or next, I'm sure we will become a galactic species. We've passed too many filters to get stuck now.

What is the quality and reputation of scottsdale silver? I was interested in getting a few 10oz and kilo bars and couldn't find any place that ranks all of the silver brands so I do not know which is the top choice for silver purchases

>>20464956
Does your boyfriend snore Tyrone?
Also what's with the pastetubes? lube?
Also wut kind of fiat is that?

>>20465519
it's ok you guys face an existential crisis much larger than the religious christian boomers did.


youth is the only asset that matters.

>>20463751
it'll drive you insane guessing.
maybe I'll just get 300 oz and stop trying to time the market

>>20463569
That's why I'm not stacking anymore for now. I want to see if the stock market dips because silver and gold WILL be panic sold, there will be a temporary dip before we rise past $30.

>>20465655
>there will be a temporary dip before we rise past $30.
I agree but I've been wrong before.

seems likely tho

I expect prices to peak around $75 US before dropping to $30-ish

>>20465689
I'm playing it safe and I'm only going to start buying again when I can get ASE's under $23~. Just been buying mtg sealed stuff for now.

>>20465285
How long did it take to stack all that? Can an average person achieve that?

>>20465735
DCA tho

buy it and at worst you lose a couple bux and ounce.

MTG is fine, might win big. I deal collectibles and I make far more money off that than commodities. Might as well diversify.

>>20462253
sorry guys i fell aleep

>>20465765
cancer doesn't sleep

>>20463139
why do niggers even get credit cards?

>>20465760
I got two boxes of VIP double masters, think they'll go up to $550 a box in the short term? I got a pretty good price on them either way, I'll hold till I hit my price target.

>>20465800
poor people couldn't get $6k in credit if they wanted to

those numbers represent wealth more than debt. I have $50k in cc debt, I'm a multimillionaire. Wealthy people leverage.

>>20465800
>>20465831
>Wealthy people leverage.
we also get cash back rewards cards and 0 interest for 18 months.

the numbers lie. That's not a measure of poverty, mostly wealth.

>>20465811
yep, collectibles are cool like that

you post what you want and wait for someone to pay it.

>>20465883
>we also get cash back rewards cards and 0 interest for 18 months
credit card companies literally pay rich people to use their product.

that is all

if you understand compound interest you understand why you need to stop paying it.

>>20465883
Exactly. I have $40k cc debt, most of it on 24months 0% promotional financing. Why turn down literally free money? Especially when im using it to purchase equity in income producing assets. This is actually why its hard for me to buy PMs, nobody gives me free monies to buy PM's, only shit like real estate, equipment and vehicles.

>>20466176
>Why turn down literally free money?
then we write it off as a business expense on our taxes.

the wise /biz/raili knows their shit.

>>20462235
where do you guys predict gold and silver prices will be by the end of 2021?

>>20466352
Tanked by about 30%.

>>20466352
Gold about 20-30% up while silver is 30-40% up, but at that time they are lower than the mid 2021 spike.

>>20464392
thats not a silver eagle

>>20465444
Hearty chuckle!

>>20464506
>im predicting dip down to $14 or even $12 for a week
me too.
and this is when I'm all in, if the premiums don't inflate and keep online vendor prices up anyway

>>20466371
why?

>>20465831
>>20465778
>>20465883
>>20465898
>>20466054
>>20466203
i think the trip fag ids back

>>20464392

that's some bs. yes, it's not a numismatic, but they should've at least put it in a flip case. i would complain.

>>20464875
Bulgarian prime ministers, allegedly

>>20464392

nm, saw that you said it was a 2020 ASE. i wouldn't bother for a single ASE.

>>20466566
Because I'm about to buy my first PM's and I have no idea what I'm doing. So it only makes sense that I'll lose money pretty quickly.

>>20466569
>tripfag
>doesn't trip
fuck off newfag
reddit wants their retard back

>>20465505
the communists might win, for a time.
But "communism", will never win

>>20466606
we know its you nigger don't you have workers to fuck over and a wife to beat.into the filter you go

also 177 post but u have 49 kys kike

>>20462235
mornin frens,
i was excited about stacking but all this conversation about the realities of our monetary system,.... i think nobody in power knows or cares how to make globalism work properly and it seems we were better off as separate nations with different currencies,..


i just don't know anymore

>>20466629
Everything communists wanted to revolutionaise was achieved in the West.

>>20466720
I like your fake persian rug. Is it Iran made?

>>20466720
Of course we were, we were better off before neoliberalism, and before monarchy we were better off under roman dictatorship, etc. etc. We've entered the Kali Yuga and are stuck here for a long time.

At least physical metals won't try to swindle you or murder you or deplatform you, and they are very shiny. Man's best friend behind dogs. Nice stack, she looks happy today! I'm gonna take some more pics of my stack with some mtg stuff I got.

>>20466720
>i think nobody in power knows or cares how to make globalism work properly
But it is working? It's making the people in power and their wealthy friends even more wealthy.

What are the best Canadian MINING STOCKS to get into immediately? Thank you

>>20466665
>177 post but u have 49 kys kike
I'm always more than half the posts in these threads you complete fucking retard.

you just don't know it because you're really really stupid.

>>20466838
nice filter evade nigger

>>20466854
you have no idea

>>20466854
in real life /pmg/ is me and Pan Man talking to each other all day while a couple of you stupid faggots post your pathetic coin collections.

>>20466861
you know that this trip fag reminds me of he reminds me of montagraph

https://www.youtube.com/watch?v=77vBeWJuX24

>>20466883
But our pathetic coin collections are fun! You are a stick in the mud.

>>20466889
>tripfag
>no trip
>changes ID every 2 hours
wanna know how I know you're retarded?

>>20466904
I like the coin collecting.

I'm just trying to fuck with the idiot

>>20466920
>tfw all pathetic coin collections are mine and I'm just taking different pics of my huge stack on proxies so the feds ignore me

>>20466953
lol

I am the feds you speak of, que no Bernie?

>>20466799
well. by "working properly", i guess i meant, working in way that is somewhat fair, even, just, legal, predictable and not manipulated by corruption of govt and world banks

>>20466889
sorry wrong stream

https://www.youtube.com/watch?v=6hGkeGZ_SWQ

>>20463139
Why's Maine so fiscally irresponsible?

It's beginning

>>20466953
in real life if anyone in these threads is a fed it's me.

I don't care bout your stacks though. silly little coin collections. The gov doesn't give a fuck about your stacks because they're no threat to anyone. They mean nothing. You guys aren't changing the world or making anyone rich. You're just buying metal which is perfectly legal and questionably an investment.

>>20467203
Yeah, they couldn't care less. It pays to be a small fish.

>>20467236
not sure if you're smart or not

only time will tell that

>>20464154
Arsenic hasn’t been used as money for 5k years

>>20467258
but the ratio to gold!!

the dollar ratio of arsenic to gold!
the mining ratio of arsenic to gold!

a wise person would see the disconnect.

a fool would fail to disconnect

>>20467247
Dumb enough to post on 4chan, I just want to buy a home in the middle of nowhere and fuck off, so I think my intelligence doesn't really matter.

>>20467290
>I just want to buy a home in the middle of nowhere and fuck off, so I think my intelligence doesn't really matter.
seems like a smart person goal to me

>>20467195
tl:dr
they have no fucking clue what they're doing
they're just wildly pushing buttons and pulling levers and then waiting to see what happens

>>20464350
The us government issued everyone’s currency back then. The US was ripping of the world not the other way around.

>>20467344
>The US was ripping of the world not the other way around.
of course
prisoner's dilemma

we sat on most of the world's gold and silver, in the late 1800's of course we were ripping other countries off.

>>20467344
the real secret is that we still sit on most of the world's silver. We can afford to rip the world off for about 100 more years, maybe longer

ask us about oil shale if you like.

jesus this faggot has 61 comments to the 209 replies

1/4 of this thread is this faggot being a fag

>>20464605
Dude, BU and MS70 are not the same thing. If you want perfect, you're going to have to pay for it.

>>20467450
far more than 1/4

>>20467387
Pretty sure everywhere else was on a gold and/or silver standard back then.

The US wasn’t ripping anyone off, because back then even US paper currency was redeemable in precious metals. In fact, even after US citizens were banned from buying PMs, foreign governments could still redeem their US currency for gold until 1971. The ripping off you’re referring to only began then and no earlier.

Basically, you are not well informed at all no offense.

>>20464605
https://www.jmbullion.com/2019-w-proof-american-silver-eagle/

Here retard. Capsuled, boxed, Certificate of Niceness.

You pay for these window dressings, like other anons have said.

>>20467542
If I can produce $1 of metal for $0.33 am I ripping anyone off or just doing business?

if you're REQUIRED to buy my $0.33 in metal for $1 am I ripping you off?

frame of reference matters here, but the fact is we had enough silver to destroy global prices and we still do.

>>20467542
>>20467594
is this faggot taking to him self?if not im sorry yheRppRK but if it is why the fuck do you keep shitting up this thread ulhbw0gn

>>20462333
Why u think I been linking this coin of mine

:)

>>20467622
>holy shit some people like to discuss metals markets!

you're in the wrong thread if you can't handle this. Fucking pussy.

>>20467649
not even remotely close tho what i was claiming dumbfuck.you are so fucking dumb ,retard you know your being disingenuous

Pmg is devolved into arg
Too much aids.

>>20467678
not a silver post

please reframe your comment so it deals with silver or gold or plat group

>>20467628

I'm still waiting to hear a serious suggestion about 10oz and kilo bars of silver. Scottsdale worthwhile? They sell on ebay as well as their site. If not, what other bars are worth getting that are still in stock?

>>20466813

Callinex Mines, Fireweed Zinc, Sabina Gold & Silver Corp, and Dolly Varden Silver. All Canadian companies with mines in Canada.

I made some mining recommendations to /pmg/ a month ago, and their mean increase since then is 80%, as against 15% in SILJ, so make of that what you will. These stocks, however, are ultra-small cap, so expect them to be volatile.

>>20465759
5 years, what is "average" for you?
The person that goes out buys coffee for 3,50 shekels every other day, that has a subscription plan for Netflix/Hulu/Prime, a person that leases his car instead of buying an old used one?
If thats average for you, than dont bother stacking.

>>20467774
>wealthy people can't stack
>wealthy people can't stack 1000 times faster than me

I have bad news for you, buddy.

>>20467877
say that to my manager

>>20468065
a cute

but in real life the faggot that can waste $2k per year on starbucks or $15k per year on a vehicle lease is in much better shape to buy metals than anyone here.

frugal is fine if you're poor, but don't expect rich people to go for it.

this retarded tripfag is actually proud of being 1/4 of /pmg/ pushing out other anons tired of his shit. if another general was made he would shit that one up too.
/pmg/ sucks. i'm out

>>20468097
maybe we have a different understanding of things, however those people that i know and that consider themselves to do very well in life (1-5 million € net worth) dont do stupid things like starbucks of vehicle leasing, that is what "poor people" do.

>>20468184
good bye fren i hope you come back one day when the tripnigger leaves.

>>20468184
rip

>>20468237
>>20468308
thanks frens. i'll be checking in once in a while but i probably won't be posting. the last few threads my interest in posting has dropped to almost zero. good luck

Isn't it a shame Britain gave up sterling silver coins in 1920? Nice designs, but you have to pay so much above spot that collecting a lot of the old sterling coinage isn’t practical unless you really, really know your numismemics.

Whereas with American coins you can just casually pick up pre-1964 stuff and it’s all high silver content all very widely available.

>>20468216
>that is what "poor people" do.
sometimes but mostly if you can afford that you're not poor.
>>20468237
>i hope you come back one day when the tripnigger leaves.
I've never tirpped and I'm always here

>>20463751
Would GDXJ be a decent position for someone with zero miner exposure? I don’t own anything and don’t know much about them individually. Would an ETF like this still perform well in this scenario?

>>20467756
Yes, get the stackers

>>20468455
I have 3k shares LRTNF

>>20468455

Yes. I like to buy small-caps rather than the ETFs (see >>20467771), but GDXJ and SILJ, which represent mid-tier miners, may easily go 5x or 10x within a year or two, if not higher. Small-caps could go 100x or 150x by the time this bull market is over, as they did in the 70s and 00s; but you need strong nerves to hold them, because they are extremely volatile. You also need to have enough faith in them to hold through any weakness. Hence the majority of people should buy the ETFs.

GDXJ was 3x higher in 2011 than it is now, and that was when the gold price was 100$ above what it is now. Mining companies are the most undervalued assets in the world, even more so than gold and silver themselves. We are still only just beginning this new bull market.

>>20467756
I'm in Canada so I buy RCM whenever possible, as it is both local and it has an absolutely solid international reputation for quality (HK loves Canadian metal, for example).

Scottsdale and Asahi are acceptable non-government options.

>>20464605
when I was about to leave my LCS they asked me, do you want tubes for your coins? I said "no, thats why I brought this sack" I keep my bullion, rubbing on eachother, in sacks. At some point you go from being collector to stacker. A stacklet can care about how pretty their coins are, a stacker generally doesn't being, the cheapest silver looks "ugly"

>>20468655
Doesn’t it makes sense to discriminate a bit though? “Ordinary” junk in sacks, new rounds and bullion coins in tubes and rare antique/meme commemorative shit in coin holders IMHO.

Should I buy a tube of silver next week or more gold?

>>20468551
Thanks, anon.

>>20463751

>Jeff Clark has shown before that, historically, miners and PMs have not gone down on the second leg down of a stock-market crash

Just noticed that I gave the wrong link for this; correct one is https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>20468697

from this picture that you spam, which appears to be your whole stack, buy more silver.

>>20467195
DEN OF THIEVES

>>20467195
Maybe someone who understands this shit can confirm/correct me.

Is the deal with interest rates basically that central banks have to keep them low or else borrowing and investment will collapse? Essentially, they have to choose between killing the economy with either inflation OR low growth?

Is that basically it?

71 posts ,248 replies.this dude is very close to 1/3 of the thread

>>20468986
>the deal with interest rates basically that central banks have to keep them low or else borrowing and investment will collapse

Yes. If interest rates provide any sort of non-negative return, capital would flood into them because every other asset is overvalued as fuck. Keeping real interest rates negative forces capital into riskier assets to seek returns.

I think the whole "abandoning the Phillip's curve" thing is because the Phillip's curve was not modeled in an environment with massive moral hazards and unlimited brrrrt and gibsmedats.

If you give unemployed people more money than they were making while working, obviously unemployment and inflation will go hand in hand.

>>20468986

The technical term for it is a debt trap. That is, when you have so much debt that the only way to get rid of it is either to default, or borrow more money; in the case of governments, you can also print money and debase your currency. That is the situation, not merely of the U. S. government, but of most of the governments in the world. The U. K., for example, where I live, is in just as bad a position as the U. S., and the pound is also going to collapse. Hyperinflation or default. That is the inescapable dichotomy.

>>20469064

Also, as >>20469058 says, the U. S. is also caught in an asset-bubble trap; which is another reason why it has no choice but to keep rates at zero, for ever and ever, until the whole ponzi-scheme tumbles down.

>>20462722
Sauce on more in depth history of Rome please

>>20469064
>Hyperinflation or default.
is there a real choice though?
won't there be hyperinflation either way?
for how long do you think they can put it off?

>>20469064
also, wouldn't hyperinflation of USD pretty much wipe out all international trade, debts and the perceived value of all other fiat currencies?

>>20467276
I'm going to sit on mount brainlet and just say that the ratio sayers are right. it's documented throughout history that these ratios are valid. A much bigger brain argument will discuss scarcity and utility, but I'm fucking fried and not even going to attempt.

>>20469208

The U. S. could stop hyperinflation even now by cutting all social programmes and defaulting on its debts. The consequences would catastrophic. Stocks and real estate would crash by 90%, public schools, medicare, welfare, pensions all government programmes would disappear overnight. (I mean that this would be catastrophic in the short-term; I am a minarchist anyway.) Hyperinflation, however, will not only bring about this result, but make it even worse, since everybody will have all their savings wiped out by it. Hence default, as bad as it would be, is, in fact, the best choice to make right now; but it is politically impossible.

David Brady is saying that the final collapse will happen in 2023-2024. John Howell says 2025. Alisdair McCleod, however, is saying that it will happen this year. https://www.youtube.com/watch?v=XliHE6QgljY

>>20469288

Yes. The inevitable result of the collapse of the dollar is, I think, a return to the gold standard, which is why every central bank has been hoarding gold since 2008. They know what is coming. The world order is soon going to be completely changed--the U. S. will suffer the most by it; second- and third-world countries with many commodities will profit the most. Hence why Peter Schiff is so enthusiastic about foreign stocks.

>>20469288
It would hasten the move away from denominations assets and commodities in dollars and accepting them for trade.

There’s one thing I’ve learned through the crises through the last few decades...never underestimate their ability/desire to throw the kitchen sink at the problem to keep it going. I was sure that 2008 was finally going to be the end, and it wasn’t. I was sure the EMU was going going to collapse, and it didn’t. I do know this can’t go on forever, but it will be hard for us to know when it will finally end. In fact, I wouldn’t even put it past them to start a major war to stave off collapse. I guess I’m just less worried and more worried simultaneously, if that makes sense. We’re clearly entering the next rung up on this thing, but I’m also not going to underestimate the lengths they will go to keep it going.

>>20467105
Somalians

>>20469208

The U. S. could stop hyperinflation even now by balancing its budget and defaulting on its debts. The consequences would catastrophic. Stocks and real estate would crash by 90%, public schools, medicare, welfare, pensions all government programmes would disappear overnight. (I mean that this would be catastrophic in the short-term; I am a minarchist anyway.) Hyperinflation, however, will not only bring about this result, but make it even worse, since everybody will have all their savings wiped out by it. Hence default, as bad as it would be, is, in fact, the best choice to make right now; but it is politically impossible.

David Brady is saying that the final collapse will happen in 2023 or 2024. John Howell says 2024 or 2025. Alisdair McCleod, however, is predicting that it will happen this year. https://www.youtube.com/watch?v=XliHE6QgljY

>>20469288

Yes. The inevitable result of the collapse of the dollar is, I think, a return to the gold standard, which is why every central bank has been hoarding gold since 2008. They know what is coming. The world order is soon going to be completely changed--the U. S. will suffer the most by it; second- and third-world countries with many commodities will profit the most. Hence why Peter Schiff is so enthusiastic about foreign stocks.

>>20469464
>>20469490
thanks for the spoonfeeding. i've enjoyed reading your posts ITT. gives me some hope for /pmg/

>>20469526

Thank you for your kind words.

>>20466786
You got a whole tube of bats? Jelly

>>20463139
Is this average cc debt among people who have cc debt? Or is it including people who are debt-free too?

>>20469471
thats Minnesota

>>20465655
>silver and gold WILL be panic sold
it happened once before, it MAY happen again, but I'm not risking that. guess we'll see if lighting strikes twice

Middle class America has been swimming in taxes. Why are the american middle class making maybe 200K or much less having to pay into taxes so much? Even after tax season the average family pays way too much.

We need a tax break & guess what that isn't coming. How will any form of gold standard off set this? Inflation could be quelled with the gold standard, but that would just leave the average American still stuck in the same over taxation we find ourselves in. Are (((They))) trying to full eliminate the middle class?

>>20469785
But wasn’t that just paper silver and gold being sold with everything else? That price doesn’t mean anything. People were definitely not panic selling physical.

>>20464452
You can trade wood and rags for gold at the moment aswell, you just have to make the detour via fiat

>>20464789
So what do you think is going to happen?

>>20469464
>I wouldn’t even put it past them to start a major war to stave off collapse.

I just recently started to wonder if 9/11 was actually a false flag to start a war not for oil, but simply an effort to jump start the ""economy"" after the 2000 crash.

>>20470293
>what do you think is going to happen?

1) we are being prepared for an all digital currency. digital clown world money

2) covid19 is a ploy to get us in the habit of social distancing. wearing masks and being more clean hygenicly

3) the whole big worldwide push for "anti-racism" is another tool of preparation, tied in with #2 above for certain other purposes related to future events and changes in society which are coming but i won't disclose them now.

>>20470628
The "social distancing" meme has definitely been hijacked as a ploy to break up organic social networking and make us more dependant on curated media feeds for information.

>>20470628
trash, I worked on a Covid ICU, contrary to what americans believe this Virus is not a joke

>>20469490
>Alisdair McCleod,
Is my favorite doomsayer.
Does anyone have any other good doomsayers to share?

>>20470743
> not a joke
> death rate of 0.03 or lower

>>20470743
You can't reason with nutjobs until it affects them directly or someone they know. I also work in a covid icu, getting sick of this orchestrated hoax meme.

>>20468216
Based. Wealth starts from the bottom upwards. It's a mentality. People like Buffet are frugal as fuck. You need to understand compound interest, it either works for you or against you.

>>20470743
ww3 will be hilarious.
>I dont know anyone annihilated by a bomb blast, this war seems like another jewish hoax
>hospitals across the country are meant to treat war casualties. How come my local hospital posts only dancing nurses on tiktok?!
>the alerts telling us to go into nuclear shelters are just NWO sheeple training methods. These idiots actually expect me to believe this. NUCLEAR WEAPONS DONT EXIST

>>20466352

Gold 2800
Silver 35

>>20471004
A reasonable estimate. On the high end I have heard economists predict that Silver could hit $70 and Gold could go to $3k-$9k.

>>20467628
Take a better pic

>>20470544
No, 9/11 was a joint effort between Mossad, KSA, and certain elements within our own government to create a “bloodlust” strong enough so the public would be ok with using the US military to go into the Middle East and topple all Arab governments that were strong and posed a threat to Israel. Look up the Yinon Plan. Ultimately, Israel seeks to be the dominant power in the region and Saudi Arabia is in League with them (House of Saud, not the people). Look up the Project for a New American Century paper. Lots of Neocons are old Trotskyite Jewish supremacists (Bill Kristol’s father for instance) who found more success in neoconservatism than in International communism...but the result was the same: international military conquest to benefit the Jewish people. This is exactly why no one can be successful in Us politics unless they go kiss the ring at AIPAC.

>>20470898
COVID is real AND elites are using it to further their insidious agenda. Both things can be true simultaneously, but people have lost a lot of critical reasoning due to some of the other measures that have been used against them.

>>20467771

I'm picking up Aurcana on Monday, their chart has flagged since silver's initial big push, consolidating silver's gains. However silver's price has kept moving upwards and Aurcana still needs to catch up. I see massive upside potential here and a breakout incoming.

>>20471121

We'll get there. I just see the biggest gains coming in the 9th inning when the everyday people FOMO into the sector skyrocketting gold but especially silver due to it's smaller market cap. Endgame i see silver above 100, gold above 8000, barring a hyperinflation scenario. Then all bets are off.

>>20470898
covid is real and not very deadly

you mad kike?

reading this atm
and stacking silver

>>20470544
>>20471208
The best documentary on this topic is by Ryan Dawson. Empire Unmasked is 5 hours of the absolute best research on the topic that doesn’t get into weird territory, but sticks to documented evidence. It’s all out there, but gets memory holed and people can’t piece it together on their own.

>>20463952
>Our prodigy
you mean progeny?

>>20464081
That's just not gonna happen

>>20464103
>Trump is already on his way out.
>they said for the billionth time

Just ordered my new pocket silver, gents. I plan to pull it out and show it to people just to make them mad.

is the suicide stack for silver still 13 ozt?

>>20469490

What does the financial transition look like? The federal government stays but most of the Reserve is gutted, and we ping the dollar in circulation back onto gold oz? (After destroying a huge % of the money supply of course)

>>20464246
>there's not enough silver and gold outside of government vaults to use for money
such a "beating the dead horse" argument that it shouldn't even be used anymore. It simply needs to be set to a fixed price
https://datahub.io/core/gold-prices
Notice the stable price of gold in the 50's and that was after WW2 and going back to a half-assed gold standard
>this is exactly the reason we went off the gold/silver standard in the first place
Absolutely false. Gold standard was the practice of all countries. The only time countries pull off the Gold standard is for war so that they can spend/print money to fund the war effort. When World Wars 1&2 happened the United States abandon the gold standard only to readopt it some in form of them after the wars were over.

>>20462235
late today with muh breakfast scramble

>>20471807
Here's a formula to figure out if you have enough, x being how many ounces you have: x+1=you have enough
Long story short, it's never enough, there's no such thing as a suicide stack because you'll always want more, no one with 1000+ ounces thinks they have a make it stack and everyone wants more

>>20468551
I thought holding ETFs long term was bad?

>>20464415
>all the countries have to agree to adopt at the same time or it can't work
You do know the G20 summit is this year, correct?
You also have been paying attention to the relations Trump's Admin has had to the Indian Govt., right?
You know Brexit happened and they are desperate for new trade/economic policies, right?
You know China and Russia have been on a Gold buying blitzkrieg for the past decade, right?
You know Trumps Admin has slowly passed laws that allow the US to confiscate money/capital/gold&silver from criminal govts. and organizations, right?
You know Judy Shelton's nomination is set to be voted on this Tuesday in the senate, right?
What is the Pebble mine?

...Yeah your right, nothings gonna happen. Fuck this gay Earth

>>20472091
What about the Pebble Mine? I happen to know about it quite a bit.

>55 posts by this ID
Can you fuckers not figure our that there is just one faggot that does this shit?

>>20472160
Seems its getting closer to finally become a reality
https://www.mining.com/northern-dynasty-expects-final-pebble-eis-next-week/

https://www.thecordovatimes.com/2020/07/18/plp-says-its-looking-forward-to-reviewing-final-eis-on-mine/

>>20472201
he changes ip so he has multiple ids in this thread

>>20472367
Wow this could be HUGE if the project can truly move forward. Environmentalists have been bogging this thing down for years, but that deposit is MASSIVE. I'm still skeptical but Northern Dynasty will explode if this thing gets going. Probably will get acquired.

Come to think of it, all the leftists have been busy pushing the race stuff instead of environmentalism lately lol.

>55 posts by this ID

>>20472518
>Come to think of it, all the leftists have been busy pushing the race stuff instead of environmentalism lately lol.
Very true, of course all it would take is for them to acquire it and the media to go on a shit storm but given the current climate, I don't think many will care.
Also I have a good feeling about it because the Army Corps of Engineers is involved, and usually when they get involved, shit gets done. Keystone pipeline and the border wall just for example

>>20471264

I have a vague recollection of listening a mining podcast, where it was said that Aurcana is only down at the moment because of share dilution, and that it ought to come up again soon.

https://webcache.googleusercontent.com/search?q=cache:9BVyHv1o8agJ:https://seekingalpha.com/article/4347497-aurcana-corp-silver-mine-development-story+&cd=1&hl=en&ct=clnk&gl=uk

"I have been following Aurcana's high-grade silver project (Revenue-Virginius Mine) in Colorado for a while now. I have waited patiently to see how it progressed. Recently, I watched a video interview with the CEO explaining the project and its current status. I was impressed. They seem to be close to the finish line.

Aurcana Corp. is under the radar. I don't think investors realize the quality of their RV project. It is in a good location in Colorado, where mining has been common in the past. In my opinion, there aren't any location issues. Plus, what makes it special is the high-grade and exploration potential. The resource is 30 million oz. (700 gpt), but it will increase in size. Management is excited about what they are going to find once they start drilling certain targets. It is a past-producing mine with several known veins.

All development stocks carry significant risk. The risk for Aurcana is that they do not get financing, or they have higher than expected costs, or silver prices do not rise. Plus, there are likely several other risks that I am not aware of that are lurking. That said, I think the risk-reward is compelling."

So since we got a coin shortage going on is my Bicentennial collection going to moon?

i hate this guy he turns pmg into pissing match general

>>20473089
Just demand a timestamped stack pic and disregard if he can't pony up.

>>20464081
You’re correct.
This General is just filled with poorfags. Buy gold.

>>20464189
>we’ve been using horses as the main form of transportation for thousands of years, so it’s just a matter of time until we go back

That’s what you retards sounds like when you make this argument.

>>20473344
>>20473443
Change you ID again billy? Lets see that gold stack

>>20473344
true

>>20473089
who?

>>20473443
I mean I'll take a horse for everyday travel over a fucking car. Give me a car for cross country travel otherwise I have no problem with going back to Horses. They're more reliable than the fucking rust buckets we have now

>>20473443
only a retard woult think that this society will grow forever

>>20473443
Horses have disavantages compared to cars, PM and PM backed currencies have none compared to fiat, except for them benefiting the ultra elite with a way to steal better, while fiat has significant drawbacks.

Can have 1/100th or 1/100000000 gram of gold in paper money, and can have electronic PMs just like we have now, credit cards, everything.

>>20472518
>>20472713
I hope this project gets finished and doesnt end up like Windy Craggy did in the 1970s. That size of a project employs hundreds directly and thousands indirectly.

>>20473582
certainly you have never owned a horse, you have to spend a minimum of 2 hours per day just to keep it healthy and happy, whereas my car can sit for weeks even months and all it needs to start up is just a full battery.

It'd be like if we kept cycling from riding horses to driving cars through 2000 years, and we've recently been driving cars for 20 years, an extended uptrend in the cycle. Could it be that we're just not going to ride horses anymore? Maybe, but unless there's a direct causal relationship I'm betting against it. I'm betting on horses.

I try not to have any emotional attachments to my investments, I love gold and silver but in the end I'm in it for the wealth and the things I can get with the wealth.