/biz/ - Business & Finance

First for gold breaking ATH today

>>20609045
Last -------> >>20606432

FWTDHATQUAD status: browsing amazon

Reminder to not reply to tripfags, people who reply to tripfags, and that one guy that acts like he can't read your arguments about why gold is money.

>>20609080
>all meme coins and meme bars
Disgusting

>>20609055
(Checked) T-today? I'm not ready for this

>>20609045
today i will remind them

>>20609089
Are you that autist that spergs out every time that one tripfag guy enters the thread and accuses everyone of being him when he isn't there?

>>20609125
Delet this

>>20609045
When copypasting the OP, please remember to remove the "[embed]" otherwise they stack up.

>>20609161
No.

>>20609149
Ffs
Women kneeling is so damn hot

Thinking of putting a good amount of cash into SILJ, how long would it take to hit 250s or so? Months to couple of months?

>>20609232
Meant 25, not 250

Official 2020 Silver Meme Coin for Robinhood $SLV traders.

>>20609089
Nice try newfag there wouldn’t even be a pmg without me

Is there a VIX for the COMEX somewhere I can look at the rising numbers?

>>20609149
sauce

bros...where are we going

>>20609476
To the right.

>>20609507
we /crab/ now?

>>20609476
On track for a correction. Normie pile-on in progress. We should be breaking 24 spot in a day or two.

>>20609125

At least he's got a krugerrand

>>20609080
The golems are a nice touch.

>>20609125
silver is silver

>>20603311
>/k/

>>20609771
I lurk /cangen/ on /k/ often but dont comment unless its something directly to do with me. same goes for /out/, specifically mines / caves / treasure hunting related.

sʎoq ʎʞɔoɔ oo

>>20609951
>yfw the price refuses to hit 23
>yfw more upward pressure getting dammed up, sending the resulting price explosion sky-high.

>>20609951
kek

>>20610073
>gold up to 1880
Tell us about 1900 gold pan man.

THE PRICE JUST DIPPED
SELL SELL SELL SELL SELL SELL SELLL SRJELLL ESLLL
THE SHIP IS SINKING NO SURVIVORS

>>20610091
ahh I start panicking because I need to get finding more Au thats for sure. Also I expect to see even more greenhorns head for the gold fields with zero idea what there doing and going broke trying.

$1900 gold means were all going to start seeing some odd things happen, I am kind of hoping for it but concerned at the same time.

23 penetrated yet again ~~

>>20610130
Well, it's not slowing down. 1884 now. Silver cracked 23 again.
>>20610149

>>20609747
Yes and he would have 10-20% more silver if he hadn't gone for so much high premium shit.

Silver just shot past 23

I could see it hitting 30 by August

Gold doing better than silver today, I’m getting so excited I’ve waited for this day for 8 years

>>20610176
I ve never seen gold this high in leaf bux, also dam it 25 isnt far off than i guess. Also heres more nugs from Hixon Creek. I am going to have to pay these guys a visit.

Gold is NOT slowing down
How high does it get???

>>20610232
Zoom out to the 10 year graph, double or triple the last peak is where we are going and I think that’s pretty conservative

I love precious metals.

When I was trading stocks and crypto, I sometimes had problems controlling my emotions. When you see these massive dumps in a row and the panic everywhere, that the company bankrupts, that the coin is an exit scam, makes you do a lot of mistakes, makes you stressed out about your investments.
Physical gold and silver coins are comfy. they just sit there, in your wooden box, they're not going anywhere. You're not going to quickly panic sell when it has a bad day or when the Jews from JP Morgan are manipulating the price again. You know every year they get a numismatic premium, with every printed dollar they shine and sparkle even more. You're not holding a piece of paper that gives you a share of some company that can disappear from the market one day, you're not holding some magical internet points... you're holding a piece of the universe. Born in a supernova, rare, limited, with it's own history to tell. Holding gold and silver in your hand is holding a piece of a dying star. Making them CLING plays the symphony of the universe. It's wonderful.

We're all going to make it.

>>20610232
$10,000/oz gold
$500/oz silver

>>20610277
Insanely based dubs. WAGMI bros!

>>20610278
If these prices hit within 10 years, I'll become a wealthy Landlord. That would be nice...

>>20610278
>counting in dollars
m8 come on..

>>20610313
I will only trade my PM’s for arable land and fine women

Silver is flying like a yo-yo
Can you hear the siren song?

>>20610342
>these massive bars
Absolutely based holy fuck, they look amazing.

>>20610277
our victory is inevitable frens

>>20610399
Luv me B R I C K S

>insane volatility
A N T I C I P A T I O N
https://youtu.be/kwLTw8F8yN8

spot price bar & kookaburra came today, excuse the shitty pic. this bird is fucking awesome though, new favourite coin for sure

>>20610908
Very nice. Where's that green color coming from?

>>20610908
Also, scrub your photos my man
https://youtu.be/kwLTw8F8yN8

>>20609045
MSFT net income down, TSLA only posted a profit due to regulatory credits, what happens in the coming weeks when gold/silver mining companies are the only ones who post earnings growth?

b

>>20611037
my horrible green walls
>>20611100
very good call actually, i will from now on

>>20611303
Whoops lol posted the jewtube link instead of the useful one my bad
http://codewelt.com/stripper

My suicide gold stack. I will do a full stack inc silver picture one day. It would take me all day to get it out though. Ps the worst decision I made was the talisman ring. Could’ve had 100 ounces for the equivalent cost.

>>20610176
nice apu, i added it to my collection.

Got a kilo bag of 50% coins the other day lads. Happy with the price but the sound they make even compared to the 80% coins I have is a little disappointing.

Here

Guys do you think I'm sufficiently diversified?

>>20611418
I was all in silver until not so long ago. You need physical though.

>>20611418
>storage
Yeah, I'm thinking you're fucked.

>>20611445
I've been using the pooled account to lock in prices on dips. Then I got into their office when I can and withdraw a few kilo bars at a time.

that sounds cool. What is this called? And do they charge premiums for wiothdrawls. I do a similar thing with the Europeanmint I guess. Build up a couple hundred ounce order and ship all at once. Be sure to get the physical before silver goes parabolic though.

>>20611460
>maximum-strength low buying
Well fren, I've run the numbers, and it looks like YGMI!

>>20611522
It's with an Australian company called ABC bullion. I wish I knew about this before, I can order amount of ounces locking in a price when I'm comfortable and get it converted into kilo or 100 ounce bars when I'm ready to collect. Collecting also means I save on delivery and insurance, it's the closest to spot price I can possibly get.

I used to just buy whatever beautiful shiny coin caught my interest at the time, everything has changed since covid, need to tighten the belt.

>>20610149
Just like your mother

>>20610313
>1oz gold : 1oz gold
>1oz silver : 1oz silver

>>20611460
Can you withdraw via post? I'd hate to have to drive to Sydney to do that.

>>20611591
Yeah they delivery but it's like 20 bucks PER KILO plus 1.5% of total order value on insurance. Road trip into the shitty to pick up an industrial quantity of silver would be worth it. Plus you can imagine you're in escape from New York as you try to get out of the city without being robbed for your riches.

>>20611629
God, look at that long, strong bottom line. This makes me happy.

>>20611624
That actually sounds pretty rad. So how does it work exactly? Once you have 100oz built up you can just ask for a bar? Do you get slugged with any sort of fee?

>>20611385
Nice. There isn’t any affordable British or Empire junk where I am, but I occasionally order the odd coin just for the A E S T H E T I C S

This right here is what’s next on my list

>>20611749
There is a 'barring fee' to convert it from the pool into something you can take with you.

From memory it was about 40 dollars for a kilo or 80 for a 100 ounce bar.

>>20611418
>Guys do you think I'm sufficiently diversified?
You have 8.1kg of imaginary silver.

>>20611209
Dont think it was a good quarter for miners
Next quarter will be good

Is... is gold flooring at 1880? I may be stoned off my gourd, but am I crazy?

pgm are still tards.
wow a little price spike and you cucks get all excited. buy mining stocks for real profits

>>20612147
>not doing both
lmao

>>20612147
>

>>20612147
Yes, yes, you are tapped out and bitching. Well, I cast my Bontu and I'm going to save my grave crawler and my zombie token, does it resolve?

>>20611785
Neat. I'll have to log in later and look into this. It sounds much more cost effective. I think I may have been too caught up in the "don't hold it, you don't own it" mentality

>>20611776
Now that is aesthetic. Next on my list are some reichsmarks. Just working up the nerve to cough up for them. Junk prices really hurt sometimes. I've only ever found two bags that felt worth it to me: the one pictured earlier and a kilo bag of 925 florins I found last week for 850 AUD.

>>20609045
Mercs are going for near spot on ebay ...
loading FWTDHATQUAD status

>>20612147
Buying some SILJ, how long till 25?

>>20612371
Tomorrow, probably

>>20609149
SAUCE AND ILL BUY ANOTHER 100 ASE's

Sovereigns have a nice price, but there's just something about the design I really dislike. It looks... neutered, sterile. Can't quite put my finger on it. Not to mention the hag on the reverse.

Fuck all politicians.

>>20610277
/pmg/ is the comfiest thread on this board

>>20612526
>not exclusively collecting gold guinea coins minted during the reign of His Majesty King Charles II at the end of the 17th century

ngmi

>>20611418

>>20612526
Where do you find good priced sovereigns m8? I'd love some but all the ones I ever see are way too expensive for their gold content.

>>20612655
Thats the best coin ive ever seen

>>20612719
They're ludicrously expensive obviously.
It’s always a little sad to consider how much more kino choices you could make literally every time if money was no object.

>>20612655
That's an ugly tranny.

>>20612655
I like Austrian fractionals.

>>20609406
Long time no pee

>>20609089
> rent free

WHAT THE FUCK SILVERBROS IT WAS SUPPOSED TO BE GREEN BY THIS MORNING WE GOT TOO COCKY ITS FUCKING OVER AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>20613001
>>20612966
Please stop. Please. Please. Please. Please. Please. Please stop. Please. Please. Please. Please. Please. Please stop. Please. Please. Please. Please. Please. Please stop. Please. Please. Please. Please. Please.

>>20613054
Relax. If you hav physical in possession then you have time.

Will we ever go back to a gold standard

>>20613054

Does any one else here burst out laughing every time they read this kind of "this is the rug pull" post?

ALARM FAGGOTS
https://www.euronews.com/2020/07/09/explainer-what-is-lbcoin-the-new-lithuanian-state-backed-cryptocurrency
SHIT IS GETTING REAL. CENTRAL BANKS ARE BETA TESTING THEIR CRYPTO CURRENCIES. BIG BROTHER IS BUDGETING YOU.

if that isn't hypersonicturbobullish for anything than the euro then i do not have a clue about money. from my own experiences with software projects i assume the want to have it until 2022/q4 but will have in 2023/q2. can you feel the acceleration too or am i retarded? any bankbros and fianncefrens here? is the euro crashing confirmed?
> if numbers true

whom do i thank for this dip, jesus or the jews? please, just stay like this until monday, just one more tube, just a couple more ounces ...

I went to the doctor yesterday. Supposedly the silver did fuck up my ass a bit and got a really weird look when I said I was wondering if sticking a 20oz kit kat silver bar up my ass for 5 hours would be bad. The doctor looked at me and was very disappointed and said "son don't do this again" and he gave me a card for the local mental health office.

Anons I need to find a new doctor. I am 29 and ive been going to him since I was 6.

>>20613235
>Buy six tokens for 99€
>Exchange six tokens for for an ounce of silver
>???
>gain “valuable experience and knowledge"
It's a scam, imagine paying such a high premium

>>20613377
Absolute legend

>>20613374
Physical prices likely to stay up with premium. Nearly my entire state silver cannot be had anywhere close to spot.

Stacklet here.
70 oz silver
5k in SILJ
5k in GDXJ
25ish GOLD stonk match account, I can pull maybe 7k.
5k cash.
Anyplace in particular do better deals with bulk buyers of silver or should I just buy stonks?

>>20613403
spot is a fucking lie, premium is a fucking lie
stop talking about it, purchase price is all that matters

>>20613403
ASEs were up to 30 USD at my local shop yesterday. I'm going back to check the price again tomorrow.

>>20613425
ok yeah sure whatever, but my point still stands, Whatever spot says is irrelevant because actually buying it is way more expensive than the internet line. I cannot find anywhere within 100 miles that comes close to "spot" or the 1-2 "premiums of the "past"

>>20613455
what matters is that silver can still be had under $30 and the poomp is taking a pause right now
yes i will absolutely be buying silver for $28-30 an oz

I have 36 oz of gold, 100 oz silver and 1 oz platinum.
What am I in for? Will I be able to buy a house with my stack in 2 years?

>>20613442
better than the Apmex prices.

>>20613466
Under $30 in some places. Only one coin shop in 50 miles of me has any silver under $30. Regular stuff $25 toz, Eagles $27 toz. I called at yesterdays "spot" lows.

>>20613400
>>Buy six tokens for 99€
>>Exchange six tokens for for an ounce of silver
>>???
>>gain “valuable experience and knowledge"
>It's a scam, imagine paying such a high premium
kt is a field test for a cashless society. every software project has thousands of bugs and security holes. this is a field test for their new central bank money. the numismatic shit is hilarious and as you said, the premiums are way too high. only with a cashless society you can run crap like mmt.

>>20613472
Quit being fucking retarded.
>Crypro/stock/PM will moon to cartoonish levels and I can do anything

>>20613377
pay him in silver.

Where are the next levels?

>my dealer is all sold out on ANY AND ALL silver
FFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUUUUCK

>>20613377
You need a new doctor alright
Asskat

>>20609905
What do you use the pickaroon for?

>>20613534
Then what’s the point?

>>20613534
You can buy a house right now with that. Do you mean some 4 bed 5 Bath McMansion in some Magazine Front Page Idyllic White Community?

>>20613617
Its not a picakroon. Its just a pick. Look at the photo again.

>>20613377
Good job, now nobody is going to want to take our Kit Kat bars because there is a non-zero chance that it was in a dude's ass.

>>20609530

>>20613640
>36 oz of gold, 100 oz
$68,000 will hardly buy half of a starter home
>>20613638
Quit looking for a lottery ticket.

>>20613534
Just like LINK would never take off right?

>>20613779
Not in the rural area where I live. Thats 10 acres of land, or 2 with a 2Bed 2bath house.

>>20613653
You're right! Look at that sneaky leaf being sneaky.

Is it too late to buy Ag?

>>20613952
No

>>20613952
Yes, they ran out of silver. All gone.

>>20613960
seems like a bubble desu, you sure it isnt going to crash by next week or something?

>>20613952

Good morning /pmg/

>>20614010
It depends on what happens with the stock market and the yield. Check the purchasing power of the USD. If the purchasing power of the USD is dropping against other currencies/commodities then it isn't a bubble.

>>20610130
Has panning always been lucrative or just in the last 2 years? Do you make a good living?

>Enduro Metals Announces $8 Million Non-Brokered Private Placement with Lead Investment from Rob McEwen

Yes jesus. Predictions for price movement today?
Currently at 0.25c

>>20612655
I’m partial to the world’s true reserve currency.

>>20614050
See
>>20612573
It's an election year. They're going all out with the gibs, then will pull the rug as we go into Sept and Oct.
Every bit of this has been theater.
You'll see PM dip into August and maybe Sept, then see $2k gold and $30 silver in 2021 or 2022.

80 oz silver and bought 1k € worth of GDXJ in the euro markets. How much more should I put into GDXJ? I'm thinking maybe 5% of my total portfolio maybe? What about the normal gold miner ETF from van eck? I got like 31k€ in s&p500 and 8.5k€ in crypto (can't really sell these because unironically chainlink).

>>20614194
Assuming the dollar doesn't crash through the floor. Hyperinflation or a catastrophic market crash are inevitable.

>>20612573
I really want that payroll tax cut Trump wants in the bill. Shit would make a difference to me.

>>20614248
Doesn't happen overnight, and you know the kikes and their tricks ...

>>20614278
Bon guerre. Imma buy the dip if it comes like my life depends on it.

https://www.zerohedge.com/markets/futures-rise-february-high-earnings-optimism-eclipses-us-china-row
This is what caused the dip, I'd imagine. Please God, let it stay like this until I next have fiat (it won't).

>>20614278
>Doesn't happen overnight, and you know the kikes and their tricks ...
please based kikes just keep the market manipulated for a little longer AAAAAAAAAAAAAAAAAAAAAAAAAA

>>20613402
>>20613565
>>20613584
>>20613663
I used water based lube. I am worried because I see a lot of coins lose value because they are "cleaned". I'll just wipe it off and put it back in my box.

aight im in lads, probably going to crash but i'll beat myself up in a few months when it has mooned anyways

>>20614330

what dip? gold/silver at or above where they closed yesterday.

>>20614345
people who bought yesterday say SILJ was down 1% and now they're panicking

>>20614345

that's quite the premium for some paint

>>20609149
newfag here. What does FWTDHW mean?

>>20613640
>using white in a derogatory manner
ngmi

I'm looking at the chart in BBP, says we're down. The day is going, if course, and I realise that we're talking $ and not €, but the chart does show a decline today.

>>20614417

sorry man, you're ngmi

Poorfag here, I'm about to buy my first oz of gold after focusing on silver but I've been seeing a lot of talk about mining stocks since my monthly check in to /pmg/, I want the gold but should I consider investing in some miners right now. Would the profits be worth it iyo?

>>20613640

>>20614397
you're right, wtf am i thinking jfc

>>20614449
Be White, Live in white rural area. Im gonna make it more than retards living in Home & Garden Shitlib Utopias. Being around white people doesn't matter if they are fucking communist liberal garbage. You have to be racist enough to hate the garbage scum within your own race as well. If you don't get that your NGMI.

>>20614345
plz be bait

>>20614505
Imagine not hating jews. Gold is Money, Silver is Money. Jews created Fiat. Anyone involved with Metals has an obligation to hate jews.

>>20614345
>>20614397
That could have been three roos instead of one painted one

>>20614417
Go get yourself at least 10oz and we'll let you know

>>20614548
Jews created metal

>>20614340
Bruh. Water-based lube is for vaginal insertions only. Anal needs silicon.

>>20614578
>The silver is mine, and the gold is mine, declares the LORD of hosts.
Jews are in open rebellion against Him by continuing to deny Him and work against Him. They have become the point on Satan's spear and Jerusalem below is Babylon the Great.

>>20614578
Wrong

>>20614466
It's down 2.2%! I'm fucking ruined! You said it would be $6,000/oz when I woek up! AaaAAAAaaaa!!!!

>>20614512
I don't hate the brainwashed and broken, I pity them and do what I can to heal them. You need to pick a team and stop acting like you were not once also a person who didn't know jack shit about anything. The world is filled with noise and distraction and it stands to reason even the most capable minds drift into the milk rather than face reality. Those with eyes tk see *must* lead the blind.

>>20609045
What are the best deals on bullion at the moment?

>>20614480

The mines will give you a 2.5x greater return than the metals themselves. Buy SILJ.

>>20597543 >>20602305

>>20612330
Thats a bloody good price for pre ww2 silver. Unless you can find a bargain, that seems to be the going rate most people want to sell their 50% for. Ive had a fair bit of luck buying bulk 66 rounds and have half a tube of reichsmarks on the way. Got them for 18 each which is well over spot but good price for them. Sovereigns are pretty cheap lately compared to silver, they didn't seem to spike as much.

>TFW my Credit card company blocked the transaction for being suspicious 4 days ago without notifying me and now prices have soared.

Fuck is it even still worth hopping in at this point? Just don't think it's worth it at 30% over spot

>>20614707
For now. You'd be a fool not to have physical. Get both.

I'M SO FUCKING STUPID FUCK FUCK I KNEW THIS WOULD BE A BAD IDEA

>>20614899
you didn't do something as stupid as buying at 15x leverage did you?

>>20614926
I BOUGHT AN OVERPRICED FUCKING COIN AND I JUST FOUND OUT THEY CHARGE 150 FOR CANCELLATION I FUCKING HATE MY LIFE

An anon a few threads back was talking about new ASE designs.
I always thought a simplified version of American Progress (pic) would look nice.

>>20611629
>>20611667
Rising wedge is a bearish pattern

>>20614948
>silly goy

>>20614948

damn, now you're out $150 and you don't even have a coin.

>>20615057

no u

>>20614948
what coin and how much? Treat this as a lesson to read the terms anon.

>>20615122
Here in biz we call that #WINNING

>>20614899
>>20614948
It's ok, anon. We all make those sorts of mistakes when we start off on something new. The greatest lessons are the ones hardest bought.

>>20614603
Do you think this caused my discomfort?

>>20611459
Complete noob to pm and investments in general
I was thinking about using goldsilver.com storage, whats wrong with it? Is the 0.06% tax per month really add up to all that much, it seems like the ability to trade it back at will helps if you want to move more of your savings to pm

>>20615210
I think the death of your gut biome caused your discomfort. You should go make out with a dog or eat some healthy chick's anus to replenish it. Not even trolling.

>>20615217
Not your bars, not your butter. If you don't have the physical asset and the thing against which PMs are supposed to hedger occurs (currency collapse), what makes you think you'll be able to redeem that investment?

>>20615217
>storage

>>20615168
it was 124 AUD collector coin, fucking jfc i never assumed they would be THAT autistic about cancellations, god im naive

>>20612278
are there any silver bars with the confederate flag on them?

>>20615057
it's not a fucking bearish rising wedge since it wasn't moving downward before the wedge you smoothbrain

>>20615217
think about it for a second. You're paying premium for a physical asset you can store yourself, and on top of that you're paying someone to store it for you. Why would you do that?

>>20615293

does the pope have a harem of choir boys?

don't have the fancy display, but remembered i have one of these. pmg approved?

>>20615465
Thats neeto

>>20614812
The general sentiment has always been: get what you can, while you can, at whatever price you can.
Obviously it's better to get it cheap, but we're heading into relatively uncharted territory with the way everything is going.
It's up to you, at the end of the day.

>>20614899
>>20615191
Yeah, I fucked up like with my first few purchases, too. Unless you have someone holding your hand every step of the way, mistakes will definitely be made.

>>20614812
Silver is still 90% off. This tiny spike is nothing compare to where it will go.

>>20615628
What other mistakes can i possibly make buying precious metals for future reference?

https://silverprice.org/
FOR ALL YOU GREENHORNS WHO WANTED TO SEE THE PULLBACK UP CLOSE, TODAY’S YOUR LUCKY DAY
YOU HEARD ME MARINES BUY BUY BUY

>>20614948
Well then don't cancel then

>>20613377
You better keep that fuckin doc close man. He knows you fucked up and still sees ya? Best doc right there

>>20615873
but have i practically wasted 70 bucks on a collectors coin? it practically holds no value besides the silver it's made of right?

>>20615366
>why would you do that?
I figured the security benefits would be nice and not having to mail or take the silver to a local shop helps as well.
>>20615256
>what makes you think you'll be able to redeem that investment?
if its storage that specializes in storing pm wouldn't they already be shielded from a currency collapse since a majority of their income if from pm. So why would they feel the need to also steal from their customers?

>>20615890
keep it and buy more regular roos

>>20615890
Numistatic value exists, and grows over time for certain items. Not everything you buy has to be about max value.

Does anyone here think a gold standard would work in (current year)? And if so, how/why?

>>20615890
>holds no value besides the silver it's made of
But it /is/ made of silver so it's not worth entirely nothing, better to have wasted 70 and have an ounce than to waste 100+ and have 0 ounces

>>20615231
It's not like I stuck it all the way up my small intestine. Were you telling me to eat frozen poop yesterday?

>>20615891
Where the fuck is this money coming from? Get ready to buy the dip, boys.
Tax revenue at all time lows, racking up taxpayers' debt at all time highs

>>20615801
Buying fractional at a massive markup, buying anything at a big markup. Paying for shipping. Use https://findbullionprices.com/ to shop around.

Don't buy anything from anyone other than the trusted dealers or well-established brick and mortar shops until you're well versed.

JNUG or SILJ?

>>20615908
These people that hold the physical may actually be able to cover all the PM if you choose to ask for it. Keep in mind: the idea of holding PMs in a collapse is that you can trade the physical asset, or take out loans against the physical asset once SHTF. It is possible that the PM "holders" do pic related and issue 170 tickets for redemption of every 1oz of a PM.

>>20616025
I was not the one telling you to eat doodoo yesterday, but I was laughing quite a bit at the exchange.

>>20615801
I bought a bunch of quarter ounces way over spot for my first few purchases, wasted time and money. They're nice to have, but my money could definitely have been used more efficiently. Also bought tiny amounts of gold over spot like a fucking retard.

>>20615845
>I'm sorry, /pmg/, the price over spot was too much, even for me

>>20615465
Nice, much better than silver that has been to Uranus.

>>20616006
Of course it would work.

They would just reprint all new paper-money at a certain paper:gold ratio, and have banks issue it in exchange for old garbage money at a certain old:new ratio.

Gold standard doesn't necessarily mean everyone has to walk around paying for everything with physical gold. Gold standard just means that your paper currency has a fixed value relative to gold (meaning they don't print more paper unless they have more gold), instead of completely freeballing as is currently done.

Probably if this was done internationally nations would sign a treaty that says all members must allow other nations to audit their gold reserves, rather than just trusting to their numbers (china's fake gold fiasco).

It's a weird feeling seeing SLV/SILJ getting shilled all over /smg/ now

>>20614029
this chart makes me happy

AAAAAAAAAAAAAAAAA YOU MOTHER FUCKERS TOLD ME IT WAS GOING TO 30 AGGHHHHHHHH

>>20616064
>tax revenue
Irrelevant in the age of infinite money printing.

>>20616238
well its storage of specific coins and bars that I can get home delivery or move to another vault if I wanted. My main question was the price of that storage too much for a around a 2k investment?
Also I really doubt the US will go full SHTF probably something worse than what happened in the 70s

how many of you just blew in from /smg/ town. be honest

>>20616486
I showed up around july sixth because some AA sober hippy christian mentioned buying some silver and bitcoin and i figured I should look into pm

>>20616486
i wont lie i only started coming her a few days ago

>>20614010
At which point one should buy the fuck out of the dip.

>>20616486
the shilling there has gotten ridiculous, fucking nonstop BUY SILVER

>>20616482
>well its storage of specific coins and bars that I can get home delivery or move to another vault if I wanted

Yes, that's the same exact thing the COMEX is supposed to be, but they still sell 170x the number of redemption tickets as the actual silver that they could ever produce. It's another layer of risk, is all I'm saying. A risk I'm not willing to take (and most here, either), but you may be. US isn't going to go full structural collapse, that never happens to any 1st world country. What will happen is a disruption in supply lines. This means that if things start going sideways each and every bit of delivery is going to be used for things like food, water, medicine, and Amazon deliveries. You may not be able to get your physical silver when you need it.

>>20616486
I came here after this blessed post in SMG by a based anon last Friday. Fell for the silver meme wholeheartedly and have made a bunch on SLV calls and have my first 20oz physical on the way

>>20616605
you can thank the one anon that came on here and /smg/ constantly posting about the best 20 gold and silver miners to get into and stuff

https://www.providentmetals.com/2020-silver-south-korean-phoenix-komsco.html

i know a few anons were after these here is the best price around by a good margin. gl frens.

>>20616902
Korean qt coins are neat too.

People buying stonks or buying to get rich, please leave my comfy pmg. This thread is for argentophiles only, thank oyu

I'm getting the feeling that this isn't "it".
I think there may need to be something that gets everyone's attention that the doom of our current financial situation is more imminent than they think.

yo

>>20617071
When CNBC is shilling gold/silver all day long and commercials are nothing but "we buy gold", only then will I consider trimming any positions

>>20617071
It is most likely going to be a very slow process. Hyperinflation sets in and the purchasing power of the dollar slowly declines. The stock market continues to rise into infinity, and the prices of goods follows. Eventually, PMs will be worth a shitload of USD not because people suddenly realize their value, but because everything is worth a shitload of USD.

>>20617071
People are idiots.
We've been in a recession for months, but nobody knows. Wait until the talking heads start saying it ... or more likely a depression, then everyone will panic and it'll be real.
The Fed is pulling the sheet over everyone's eyes.

>>20617186
If hyperinflation happened slowly it wouldnt be a big deal and every tom dick and harry would just hedge into gold

>>20616947

>>20616353
if that were to happen wouldn't the world economy grind to a halt since most of the worlds growth is based on debt, and debt paid for by the inflation of fiat currency? I'm sure the economy would eventually stabilize, but probably at the cost of some entire nations since those governments would no longer be able to fund the infinitely growing welfare programs

>>20617186
PMs are the last inflationary asset to "inflate". You'd lose value in the already pumped real estate or stocks in relation to USD, even as they break all time highs.

PMs acceleration higher will break necks having both inflationary threat and weakening USD behind it.

>>20617280
>PMs are the last inflationary asset to "inflate"

Why?

>>20609045
thread theme: https://www.youtube.com/watch?v=UJOjTNuuEVw

>>20616486
I came here a month ago because of this post. Now I have 90oz of silver and 70 shares a piece of AUY, SILJ, and AG.

Gold and silver stackers are cringe anti-social doomporn addicts who hate peace and prosperity. Eichengreen was right, you right wing Qtards are dangerous and thankfully the adults in the room no longer listen to your childish monetary fantasies.

>>20617071
resets by their very nature must wipe the slate clean.
the dam will collapse, US recognizes Taiwan as independent, CCP tries to HK Taiwan.
Taiwan glasses beijing.
RU, JP, IN and many others enter and take back their land.
US cleans up its own shit at home with a multitude of arrests that alone would crash the markets.
Markets plummet to ass end of nowhere, triggers buying in PMs
Price increase phys supplies wiped
Comex claims force majeaur pays out 7B
Price moons further
Then the reset. Not enough phys in the world to cover the total $ debts and derivatives so most likely you get a regional open market standard on PM in a bimetallic fashion.
US has lots of stolen gold from Golden Lilly and will revert to Ag as the backing.
This leaves the US in control of a massive stash of Au in case needed in the furture
Derivatives are probably covered by some type of crypto like XRP (only bc it was written into the fed register 2 days ago)

All before election day

Going to be a crazy 7.5 weeks

>>20617278
Yeah, pretty much. It would be a hard reset.

>>20617253
It's that a 'no shit'? If you dilute something, it becomes diluted.

>>20617363
>He can't get an ASE under $30

>>20617363
>peace and prosperity
We haven't had either of those things for decades anyway. Maybe something great can rise out of the rubble left from the collapse.

>>20617353

>>20597543 >>20602305

>>20612708
Ive seen a few on instagram/plebbit in about the 450’s range, sometimes even 440’s

>>20617451
>>20617459
Seething retards, look at >>20617394 and tell me he doesn't need to take his fucking meds for schizo delusions of grandeur.

>>20615581
Very good answer, thank you friend. I think I'll check some local places and see if I can snag deals before biting on the premiums

>>20617278

well, it didn't grind to halt during the industrial revolution, during which time the u.s. was on a gold standard, and living standards rose.

>>20617363
Yeah the money printing strategy is working fantastic. Shut up kike

>>20617536
eat tranny dick nigger, you will be culled with the rest

>>20617536

>>20617363
>peace and prosperity
Your Keynesian economy only works somewhat properly during war

>>20617558
to transition back to the gold standard the world economy would grind to a halt at first
But if this happens around the same as an AI or automation revolution then there might not be that much disruption in the average living standards of many people

>>20617606
>>20617637
Very intelligent rebuttals, thanks for proving my point. It's been working fine for nearly 50 years, during which the world has seen greater peace and prosperity than ever before. Stay seething and cope with having no life by hugging your "stacks," cringecels.

>>20617234
"Slowly" here is a relative term. I'm talking over months, not years.

>>20617727

yeah, it has worked so great, that now it takes both parents working, when it used to take one.

>>20617536
Have a you. I'm about done with all these larping faggots who are dreaming they'll own Epstein's island for half an oz of silver

>>20617727
>It's been working fine for nearly 50 years
The economy has to run on zero interest rates to even halfway function lmao. Very sad that you can't conceptualize how the underlying real economy has been completely decapacitated from restructuring itself over decades

>>20617792
Youre wrong tho. The big moves will happen in the span of a few days.

>>20617727
You know that there are anons in pmg that appreciate PM's for a variety of reasons right? Some do indeed think it will buy them a haram in the near future, others just enjoy the perfect reflection of visible light photons bouncing off aesthetic designs. Why do you feel the need to shit in this thread anon? It says more about you than it does about them.

>>20617727
>50 years
>greater peace and prosperity
Please go say that in the streets of Portland

>>20614041
ever tried putting it in ur arse

>>20612655
imagine being born in a time when sound money ruled, it was aesthetic AF.

Daily reminder that pic related buying you a woman, a bath, and a bed for a night is the norm, and what we have right now is an aberration.

>>20617916
>tfw I am just a helpless consoomer and the main reason I stack is that this is the one way my online shopping addiction works for and not against me

>>20617727
>>20617899
The system has also contributed a lot to current inequality by supplying the financial elites with cheap excess credit and bailing their assets out time after time

i just bought

>>20609055
No one checked so it didn’t happen

>>20613400
pure digital currency.. can you imagine?
>power goes out
>cant buy anything

>say the wrong thing, think the wrong thought
>get black listed, cannot buy anything

>junkies try to buy heroin/panhandle/ect
>cant, so they flip the fuck out on normies

>old people cant into computers
>die because cannot buy

>hacker known as 4 chan
>steals all the monies
>or more hilariously, gives everyone infinite monies

>>20618125
Everyone here is in silver anyways, anon

>>20617363
Imagine being this brainwashed. Stick around, kiddo, you may learn something.

>>20613466
>>20613455
Checked

MFW I just grabbed 250oz for 29$ cad an oz when cheapest I can find is 35.50$

>>20618215
> kiddo

Based IRL boomer

>>20618207
Gold hitting ATH would make silver go crazy no doubt. I’m in both but also more heavily in silver thanks to /PMG/ autism.

The dip is over boys, who bought?

>>20617321
Because it just retains value, ergo hardest to shill like Boomers "real estate only goes up" meme.

>>20618282
I’m just hoping I can add 5ozt gold to my stack before it hits 3k

>>20614050
>If the purchasing power of the USD is dropping against other currencies/commodities then it isn't a bubble.

thing is, all the currencies are falling, and by default, the USD will be the "best worse choice" until they all collapse.

Also some people do not live in the US, your stacking oportunity is great and all, but most of us regular slaves already hit ATH ages ago.

IE right now, today, gold is at 28% over its ATH in syrup land.

>>20618282
i paid a few $ more per oz than for bullion since i'm europoor but i just had to add some american silver to my stack.
1 morgan dollar, 1 peace dollar, 2 liberty half dollars, 2 kennedy half dollars, 4 washington quarters, 50 mercury dimes

>>20618336
Looking a little haggard there, I wonder if we'll even be able to make out the words in a year's time

>>20618271
I’m in silver for it’s huge upside as compared to Gold. (((They)))’ve held it back for too long, that’s why when gold gains 5% silver is gaining 30%

Thank you, macro economics teacher grandpa who taught me this stuff when I was a kid

>>20618282
forgot to mention i also bought 2 franklin half dollars
gotta collect those american chads

Good Morning, God bless this day. 23 is here.

>>20617321

Because PMs are the last thing average people sell their dollars for.

Inflation is, in the strictest sense, inflation of the money supply. Eventually it works it's way through the economy and manifests as rising prices, but different goods and services are affected based on the demand for those goods and services.

Take food for instance; generally, unless there is a proportional increase in food supply for a proportionate influx of new dollars to bid up the price of food, people will have to buy food every few days at most and possibly every day. So food is one of the first spots for inflation to manifest.

PMs are one of the last things the average person wants to sell their dollars for. If they want to save or "invest" they'll usually just keep dollars in their bank account. This means that the effects of inflation on PMs are updated last. Silver is a heavily used industrial metal though, so it can be quicker.

Where the real fireworks begin is when this average person realizes that their dollar is losing value and they simply cant buy what they used to on their usual $100 grocery trip, almost like suddenly feeling like you cant catch your breath. Then the panic will drive them in droves into the waiting arms of the PM dealers who will turn them away at the gates for there is no more physical metal in their inventory. A glorious day that will be

>>20609149

I can't wait to have a daughter.

>>20618336
>Also some people do not live in the US
this. The value of my stack in my local currency has more than doubled even though silver in USD has only gone from 15-23 since I bought. I expect the dollar to continue gaining strength compared to other currencies, so I will ride this wave out.

>>20609045
Silver is mooning right now

>>20618595
>Silver is mooning right now
of course it is, i just bought

Currently laughing hard at all the
>$20 EOY
I saw even a few days ago.

>>20618453
Do you plan on moving some of your stack when the ratio closes?

WTF? someone on RH just dumped $18 8/21 SILJ calls down to a penny

there are no asks below 50 cents unfortunately so I can't capitalize but goddamn does my portfolio look ugly at the moment

>>20618282
I was hoping for dips like the past two days so I could get a tube but today's dip wasn't too exciting so I passed
It's not going to retrace these prices again for a while is it

>>20618695
Certainly
Not where it is now, but I’m without a doubt looking to 60/40 G to S myself price wise. Way I’m sitting now is more heavy on silver, I have only a few ounces in gold

>>20618785
>trading on RH
You get what you deserve, retard

Welp, let's get this started. Big haggard box contains...

>>20618785
This is why I trade SLV options despite all the incessant kvetching about it being a “banker controlled scam.” The options are far more liquid

>>20618987
Three haggard bags

>>20619035
Open that shit!!!!!

>>20619035
Gonna open this one first

>>20619068
oooooooooo

>>20618987
>>20619035
>>20619068
You are cringe.

Silver chads rise up

>>20619068
52 aesthetic bois

>>20619123
Don't be jelly, bronut

>>20619123
it's been an hour, why are you still here? You're like the otter who hates watermelon but can't stop eating it. Just fuck off.

>>20619162
Middle tone. Supposed to be $100 face value of "mixed quarters and dimes," but this bag contains only 400 quarters. Wait, what's that?

>>20619162
AESTHETIC JAP SILVER
WHERE DID YOU GET IT FUCKER I CANT FIND ANYWHERE

>>20619182
new threead

>>20619187
What the fuck is this? A gold-plated quarter? The lighting makes it hard to tell...

>>20619146
Checked