/biz/ - Business & Finance

first for golden waifus

starting to worry about GDXJ and SILJ.

GDXJ was up about 20% for me 2-3 weeks go and has given up almost all of those gains

SILJ was up about 15% and now i'm actually negative -3.66% down on it

is it because the 10yr yield has been making gains?

>>21861799
>is it because the 10yr yield has been making gains?
In pretty sure its unbridled homosexuality, just like QQQ. I'm taking advantage of it.

>miners

>>21861777
checked, but guess what? gold, silver, miners are going to crash HARD. charts don't lie.

ATTENTION, METAL MARINES.

I’m ashamed to see you so despondent. Summon up some damned courage. The bankers paint the gold chart, short the mining stocks, and you start to think it’s all over. It’s not over.

Is the debt ever getting repaid? NO!

Can the Fed ever stop Q. E.? NO!

Can yields ever be allowed to rise? NO!

Has a fiat system in history ever succeeded? NO!

Will the world buy treasuries instead of gold again? NO!

Did the economy collapse because of a hoax virus, and not because of our burden of debt? NO!

Will the real economy recover from 40% real unemployment? NO!

Can the government avoid dropping inflationary helicopter money on the real economy? NO!

Can the COMEX service its deliveries? NO!

Can a stock-market bubble with 1000 P. E. ratios go on indefinitely? NO!

Can the manipulation go on much longer? NO!

Can an imminent banking crisis be avoided? NO!

Will miners fail to respond to the metals prices once earnings come out? NO!

NO, NO, NO, to all despondency. Hold firm to your principles and be courageous.

What is the bottom for gold before the next cycle?

>>21861836
please no more JPM please no more I beg

>>21861864
900

WTF is this shit???

What is the most aesthetic silver bullion size? 1oz, 100gr, 500gr or 1kg ? Thinking of loading up on a few of these pretty ladies before september

>>21861864
They're going to push it to 1400, nationalize the miners (sorry goys), legislate confiscation for a "fair price" of 1401, and then once its all in their hands let it finally moon to 5000. Nothing personal goys.

>>21861839
Miners lag physical price movements.
>>21861799
Dubs means double up on your position for great gains.

>>21861862


this is the SAME TYPE OF POSTS we saw in the /tankerstocksgeneral/ threads. these posts are extremely bearish. we all know what happened to tankers

>>21861862
This.

METAL. HANDS.

>>21861862
Being wrong too early is the same as being wrong.

got a few of these coming

>>21862051
being correct too early*

yikes I should go to bed

>>21861912
The beginning of the end, or the end of the beginning, depending of your opinion of the soon to be electronic federal reserve note.
Jut make sure you are a good goy and spend your credits quickly because they will expire at the end of the month. Saving is bad for the economy don't ya know

I AM FINANCIALLY FISTULA’D

>>21861799
>>21861986

SILJ dropped 19 percent from the local peak before. It's now down 15 percent and priced for $17 silver. Ludicrous price. Don't panic. Silver is still $26 and the miners are mining and selling it for that price.

>>21861912
https://www.youtube.com/watch?v=vxjCJj5R6zk

I haven’t lost any money just checked in the safe it’s all still there

>>21862093
Yupp. Will have to grab some more soon. I need a good pump day to get out of my Oct SLV Options.

>>21861717
I bought 6oz of gold
(1) AGE = 1831
(2) 4 Fortuna PAMP Bars = 1750 x 4
(3) Chink Panda Coin = 2126 (feelin dumb)
If gold bottoms below 1750 I'm gonna be really fucking pissed. The fed can't just keep doing this forever. Something has to give.

>>21861862
SOLID HANDS, BABY. NO SELLING.
KEEP BUYING. RUN THE TABLE ON THESE FAGGOT BANKERS. THEY WILL DELIVER NOTHING. WE WILL OWN ALL THE METALS
AAHHHHHHHHHHHHHHHHH

The mainstream websites are openly talking about inflationary policies to be announced by Powell.

https://www.cnbc.com/2020/08/24/powell-set-to-deliver-profoundly-consequential-speech-changing-how-the-fed-views-inflation.html

https://www.marketwatch.com/story/powell-to-speak-next-thursday-on-feds-new-inflation-friendly-strategy-11597951135

https://www.reuters.com/article/us-usa-fed-jacksonhole/as-uncertainty-threatens-u-s-growth-fed-seeks-more-firepower-idUSKBN25L14G

Do not be foolish enough to surrender to this manipulation.

>>21862136
BTW the crypto junkies have been utterly spamming the fuck out of any and all youtube video commentaries they can get their hands on. Don't be fooled. Youtube won't stop them, either.

It's just another net to catch stupid money and weak hands on they way out.

>>21862249
Thursday should be a mega pump day.

>>21862249
when is powell giving a speech?

>>21861836
Time to buy more

AAAAAAAAAAA MY MINERS ARE GETTING SLAMMED

>>21862080
>go from paper backed by nothing
>to nothing backed by nothing
neat trick (((fed))) boi

>>21861717
what do you guys think of buffet's barrick move? is he an out of touch old boomer or the wisest man in the world?

>>21862248
this, i wish i had that level of energy

>>21862291
if this was the case then miners would not be getting sold off like crazy, i hope I am wrong

Just look at this fucking idiot

platinum and palladium chads, where we at

>>21862350
I assume they are going to "back" their first digital currency by gold and/or silver and then just adjust the ratio after a few years, people forget, and eventually its down to zero again.
They will use metals to restore confidence and run the same scam all over again. People are stupid and will fall for it.

Currently 10% of net worth in PMs.
Nervous about Thursday so just placed an order for another 5%.

Jerome best deliver.

>>21862433
pill me on palladium, i have plat just to have

>>21862433
Only have 1 oz plat

>>21862524

>>21862548
Failed to rip off my own pic

>tfw you're outsmarted by a bunch of autistic shitposting neets who have been slowly accumulating boomer rocks in anticipation of the total collapse of the US Fraud Note

My ATM calls are now .1 delta

>>21862325
thu

>>21862377
It's important to watch the delay between the actual purchase and the reporting of the purchase.

100 percent he's gotten more since, we just won't know yet.

If he so much as raises an eyebrow at the juniors in particular the prices will rocket.

He wants them, and he doesn't want anyone else to think that he wants them.

At 500 million he can shrug it off and say, "eh I was just diversifying no biggie."

He wants so much more but he has to ease in. Can't let the cat out of the bag. It seems like big news because it was trumpeted far and wide by the sector but the truth is he hasn't even begun to stack.

Fresh QTR/schiff discussing this.
https://www.youtube.com/watch?v=CkEYTAFLzVA

>>21862605
god im jealous of that 2016 kilo, always been my favorite of the kooks until this year

>>21862685
I missed my chance to buy 2020 for $700 CAD, now oos or double the price.

>>21862249

>https://www.bankofcanada.ca/toward-2021-renewing-the-monetary-policy-framework/toward-2021-outreach/lets-talk-inflation

Bank of Canada asking the public what they should do with monetary policies... we really are fucked aren't we frens?

>>21862756
LMAO I can't believe this.

>>21862756
Wow yeah we're screwed.
My suggestion, put rates at 0%, print infinite dollars and buy all the gold,silver,plat we can from the world, hyperinflate and start fresh.with pm backed currency.

>>21862756
>in so deep you start asking the chumps your robbing how they want to be robbed
pottery

>>21862842
>buy all the gold,silver,plat we can from the world, hyperinflate and start fresh.with pm backed currency
You don't understand how any of this works, do you?

>>21862777
>>21862888


I cant keep up with these digits.... paradigm shift feels inevitable

>>21862777
>>21862888
>>21862999

holy fucking shit...

A bit of a sad delivery, as it's the last order I'll make for a while. Still have 3 out in the mail. Got a few rounds with abrasions/cull + a kinobar. I really like the holograms.
>if I ordered today I would have only saved about $12 total.
Feels alright

>>21862605
can you post a profile view of the KOOK coins i wanna see how THICC they are

>>21863044
Whoops, wasted death dubs

>>21862471
>>21862524
Nice platinum pieces, boys
>>21862999
>paradigm shift feels inevitable
>those digits
OUR FUTURE IS BRIGHT FROM THE LIGHT OF OUR PRECIOUS METALS

"Currently there are 340 million ounces of silver in COMEX vaults representing around $7 billion worth of silver. Nobody is going to take delivery of billions worth of silver for the privilege of paying COMEX storage and nobody is going to be able to afford to ship the silver anywhere there is so much. It is around ten thousand metric tons. Most of it is just eligible and not registered meaning it is not being collateralized against a short futures contract.

As of Friday, VOLUME was 158k contracts NOT OPEN INTEREST which is only 66k contacts, but still over three hundred million ounces worth of physical silver. If you were a broker and made the same claim you could be prosecuted for fraud. The open interest on the same September 20 contact was well over 100k contacts most of July. The open interest is going down because of FUTURES CONTRACT ROLLOVER, THE IMPORTANT CONCEPT TED BUTLER AND DUMBFUCK SILVER HUCKSTERS DO NOT UNDERSTAND."

Thoughts?

>>21862756
god canada fucking sucks

Buying the GDX dip today. Seems manipulated since futures were bullish on the price of gold and silver.

>>21861986
this.

>>21862093
> the price isn't real.
what the fuck, anon. are you an osrtich with level 9 autism?

>>21863098
im kind of a retard and can't really understand what you're saying beyond
>only 340 mill in the vaults to the 7bill of paper contracts
I like jerking off to the idea of a COMEX vault run, but what will set it off and is it even possible?

>>21863098
>The open interest is going down because of FUTURES CONTRACT ROLLOVER, THE IMPORTANT CONCEPT TED BUTLER AND DUMBFUCK SILVER HUCKSTERS DO NOT UNDERSTAND.
Lol, who the fuck said that? Arbitrage opportunity still way too fucking high. They're going to ask for delivery and the silver won't be there.

Comfy Tuesday pickup. Got the 2s from the bank

>>21861717
You know the guy in the pic invested only in water sources and real estate after 2008. Why the hell is this related with /pmg/?

Holding Nov 30c on SLV, bought around $26, how fucked am I?

>>21862999
tfw you multi- acoom

>>21863287
>tfw you multi- acoom
kek.

>>21862433
Checked for plat to the moon

>>21862756
Do they have any choice? Not like leafs have any gold to fall back on. Go to the bottom of the list in this link
https://tradingeconomics.com/country-list/gold-reserves

Got an SLV $23.50/23.00 put credit spread. Gonna collect a whole $9 in premi.

>>21861717
>>21861777
>>21861799
>>21861966
>>21862377
>>21862433
>>21863044
>>21863255
>>21863388
Posting in a very blessed thread.

>>21862777
>>21862888
>>21862999
>>21863111
Canada RIP

>tfw no giant gold coin gf

>i fomo'ed in to miners and bought the fucking top
FUCK

>wow anon it's so big

>>21863737
Buy the dip chode. A correction was inevitable. I need to do a modified dca where I buy once a week. Would make me less antsy and I could just watch for dips on a weekly basis

>>21863737
Buy high
S
E
L
L

L
O
W

>>21862248
what if there is no demand?
> we can't deliver
> no problem. i have enough silver butt plus. give a few dollars extra and we settle in cash.

>>21863737

>>21862777
>>21862888
>>21862999
Golden moon mission new paradigm confirmed and checked

>>21863740
>letting goblins this close to your massive gold coin

does anyone else use numista?

>>21863255

My thought is you will be fine. The truth is I am kind of a retard. I believe silver will be $50 before October 1.

Take this advice with a gallon of cum.

>>21863737
just buy into them a little to get a better DCA

>>21863889
anon i...

>>21863889
Honestly I'm torn between getting out and yoloing on tech or just staying in and seeing what happens. The chart looks like shit

>>21863872
I haven't but they look nice. Are they US based?

>>21862685
2009 art deco kook is best

>>21863872
Wel yes it is a great place to check if old coins contain silver

>>21864024
you'd be super late to the party, like right before they dump the punchbowl on you

>>21864066
Wish I had that one...

>>21864107
Eh tech continues to rally and I could find an entry point, clearly I'm late here

>>21864040
i think it's a french site

>>21864070
yeah i'm talking about the search/database/coin collection tracking features. nothing commercial. for example i just learned that pic related sells for over $1.5k on ebay and i paid today's melt price, yesterday.

>>21862433
reportiert ein

>>21864024

Tech is top heavy.

It is fine to leave your SLV position, but don't go long on tech.

What my retarded ass would do is buy a fucking fist full of $15 October OTM calls on First Majestic instead of SLV as my pea brain believes that COMEX is going to run into trouble and take SLV down with it.

again, I am a fuckhead and filled with horseshit, so take my advice accordingly

If you do take my advice make sure to shove a giant dildo down your throat before you do, just to make sure you won't gag on the massive gains.

>>21863427
That uk coin must be rare as hell.

gave a way on of my few 10oz silver bars for my buddies baby shower, i must acquire more

>>21861839
You Charts have been predicting pullbacks for 3 fucking Months. 3 Months of gains followed by fearmongering FUD. I'm not worried about losing money.

>>21862999
is it happening? i think so

Engraver: Einar Jónsson

>>21862756
okay I actually lol'd

>>21862080
If they try to enforce a standard like that it will fail because they actually have competition when it comes to digital currencies. If you are forcing inflation like that savers will spill over into btc and other denationalized cryptos. I think imf planned to do that shit before Trump but I just don’t see it happening now.

What bags do we use to store our metals anon?

I have a Crown royal (leaf reporting in) fabirc bag currently and looking for some good/based additions as I keep stacking.

>>21862464
those are some big tiddies

>>21865188
ammo cans, fake arizona tea safes i hide in the fridge

>>21865212
Chris Yukine is known for her ample bosom and even old Ben loves them

>>21865188

>>21862433
Starting to stack Platinum. It's a steal at these levels.

Is Silver gonna drop below $26 or $25 or is it just gonna moon past $30?

>>21865468
ALL EYES TO JACKSON HOLE

>>21865117
I have been thinking about the same thing to be honest. Take our recent helicopter money I have used it to purchase pm's, ammo, and a gun and I doubt any of those but especially the pm's are what they want purchased. Something like gold or silver will allow you to transfer wealth in between the financial systems and I really do think that the FED has their eyes on some type of new system.
I do get the impression that this new system they want more to be like an allowance instead of real money. You get your allowance every week or month or whatever to help keep you dependent on the system but how they are going to go about keeping the masses buying the correct stuff is beyond me.
If you place too many retributions the plebs might get spooked. They have to think its real normal money and not the allowance of a dependent slave.

sup silverchads how much is a make it stack? I just bought a bunch

>>21865517
Would anyone even bother working then? I wageslave, but at this point I only work a few hours a week. I just sit in my office shit posting on /biz/

>>21863872
I use the NGC website, it provides an up-to-date scrap value of each coin.

>>21865673
A percentage will always work and honestly I don't think our current civilization needs as many people working as it currently has. A huge portion of jobs are essentially busy work.
Besides many people have a real taste for the finer things in life and not many will be happy with the bare minimum.
I just don't see a way to continue to current scam without some sort of regular helicopter money but I don't see how they will make it work without people like you or I using that money to exit the system.

>>21861799
Large scope decline instead of the 1-2 turbo drops. This is ok long run.

>>21865458
>>21862433
>>21862524

Based platinum.

fuck the comex, that is all carry on frens

>>21861836
i literally bought the top
AGAIN

>>21862756
>What retarted policy do YOU think is best?
God we are going to crash and burn. Keep stacking fellow leafs.

>>21865517
I think you are overestimating the critical thinking skills of the plebs. They will readily accept it, especially if you continue calling it the dollar. As far as directing their spending, they've already got people wearing masks in stores, not a big jump to only allow a certain type of currency to be accepted. And besides, Wal-Mart is the teat from which America suckles, they won't bother resisting when that's their only way of conducting a transaction at that blue and white titty.

>>21865817
BASED

>>21861717
>"Powell's going to announce they're going to let inflation run Thursday!!"
>"Powell's going to announce they're going to keep printing money to give to the banks to prop them up!!"
>"Powell's going to announce that the economy is going to shit!!"
>"Powell is going to announce YCC!!"

None of these are going to happen..
The Chair of the Fed is not going to intentionally crash the economy, days before (historically) the WORST month for the stock market, when it is at all time high's

You guys need to be real / not just fueling yourselves on hope.

>"Oh but it was in the minutes anon!"
No, it wasn't. They specifically said not on the table, as it's not worth the negatives, and they don't see it necessary

It is all priced in.
If Powell were to make these announcements, as you all expect him to, as you're all showing major news outlets expect him to, why would we be seeing dollar support & PM dumps Sunday / Monday / Tuesday?

>"All those millions of people are wrong in their expectations anon!! They're not pricing it in!!"
Get real

>>21865523
Minimum 200 oz for starters, IMO. Welcome bro. Get comfy and remember not to drive yourself insane on the manipulated day-to-day spot.

>>21862756
ive just realized theres a survey attached to this. im gonna take it since i have nothing better to do and im not a leaf

>>21865836
> you are overestimating the critical thinking skills of the plebs
yeah probably my biggest error in life I project on to people my own abilities.
oh well either way it will be an interesting experiment watching them try this and if they don't care if someone like me buys what he buys with it because someone like me really is insignificant all the better.
maybe I can convince my brother to go in with me and we can buy a few acres somewhere, if land ownership is still be possible in the future.

>>21865826
Welcome to /biz/. Now sell low.

>>21865919
I will too.

>>21865468
Roll for $20 or under

>>21865883
>Infinite Quantitative Easing wasn't Gold's Trigger
It's not enough to pay attention to a revolutionary trend anymore? Now you needed acceleration of acceleration for it to count? This is a railroad, the situation only goes in one direction from here on out.

>>21865883
>The Chair of the Fed is not going to intentionally crash the economy, days before (historically) the WORST month for the stock market, when it is at all time high's

Agree Powell is not going to crash the stonk market but disagree on the following:

>inflation
>money printing
>YCC

This will be stock market positive in a major way as:

1. new monies brrrr'd up will further inflate an already inflated market,

2. people with cash on the sideline will seek to buy assets with their paper before inflation

The takeaway is Powell will not crash the market but announcing massive inflationary measures will be a major positive for the market, not a negative...at least in nominal terms. Money printer go brrrrr.

>>21865938
Not to mention people will absolutely accept this new currency if you give them a bit of it for "free". Look how people nutted up over TrumpBux just to get a fucking "free TV" or whatever bullshit plebs buy. Best of luck with your land purchase, Anon. I just picked up 5 acres in Georgia

>>21865826
That's okay Anon. Over the long term, the cost averages out, so keep buying and don't worry.

>>21865983
this is fun

>>21866041
Reroll for March $14 lows

>>21866087
very nice anon Georgia is nice country but its a shame it has a state income tax. Currently I live in Florida and if I get property anywhere I don't want it to be a place with a state income tax so it really limits my option.
kudos again and enjoy the land

>>21866165
Rolling for under $14! Dammit crash you boomer rock!

>>21865883

The fallacy in this post is treating "YCC" and "letting inflation run" as if they were synonymous. You list four imaginary points of view here, then only address YCC, when nobody even speculated that YCC would come this Thursday. The speculation concerns the announcement of an inflationary policy.

I also have no idea why you think an announcement either of YCC or inflationary policy would crash anything. Either commitment would make everything soar. The whole point of either would be to prevent a crash.

>>21866205
Yeah I feel you on that. Damn Brian Kemp talking all my damn money!

>>21866070
You can be extremely bullish on gold without relying on cope & hope - people should be bullish on gold regardless of what is announced
I think it it is a mistake for people here to be relying on Powell's speech Thursday to start the run (as it will only create weak hands when it doesn't happen)

>>21866080
They most recently announced that they're actually under the inflation target - which he'll probably mention
(which is total bullshit - but won't get into it)
He's not going to announce YCC - specifically in the minutes they said YCC wasn't on the table - he's not going to mention YCC during the Jackson Hole Symposium if during a 'REAL' meeting they're not going for it at all

It's unlikely they'll announce YCC September 16 either, it's going to take probably until November

>>21866163
It totally is lol upon leafs.

>>21863517
>Not like leafs have any gold to fall back on
We have a LOT of gold in the ground. We could easily stack

>>21866244
Allowing inflation to run results in YCC anon.
You can't allow 4% inflation without then introducing YCC. (Without YCC, the real rates would be FUCKED)

Fed is going to point to Current Core Inflation rate being 1.6% (under 2% target)
They are going to completely neglect the price increases in gasoline & food.

>>21866318
Powell's speech is instrumental to PMs, after Warren Buffet bought Barrick Gold. A huge reassessment of Gold by Hedge Fund Boomer Corps will have to be done, and the very beginning of Institutional Money will begin.

>>21866392
i cant tell if im serious, so they cant know either

>>21866318
>under the inflation target
May be true right now, but one of the Fed Banks has a NowCast (tm) to estimate the inflation metric they use (PCE ex food / gas) and it increased 0.48% in July, so on track for more than 5.7% annualized. June PCE was 0.37% = 4.4%/year. August will also be high.

I think they will try to slow it down a bit.

>>21866459
It would be, if he said the things that people are (HOPING) he says

I just find it extremely doubtful that literally any of those things, things that would be good for PM, will be announced.

>>21866318
YCC is not off the table. The said it's only moderately beneficial and not yet worth it due to low yield. And now that yield has been increased from around .5 to .68 since the date the meeting took place.

shill me some good nickel miners anons

>>21866539
>he thinks 18 basis points is something to write home about

>>21865810
I hate you.

>>21866165
if it did that I would buy in with the force of a thousand suns

>>21865810

>>21866661
only spot would be that price, physical will never be that low anytime soon.

>>21865906
thanks anon guess i'm a stacklet.. for now.

based advice, i wont even check the price until i hear from third party that it shot up to what im predicting

>>21866440
They use YCC to keep bond prices higher (lower yields). I think you mean it the other way around?

YCC results in the higher inflation, and certainly negative real rates on treasuries.

>>21866821
It only results in higher regular consumer inflation (CPI type stuff) if the velocity of money gets up, which it doesn't seem to be doing and never did in 2008. Assets will inflate

>>21866566
CNC.V

>>21866661
Checked super satan

>>21862756
took the survey at bottom and am championing more inflation.

inflation gud.

>>21866901
I get that. My point is going to be:
>Fed's inflation metric already on track to be high
>YCC not needed and will not be announced on Thursday
>Assets will not get inflated
>Stonks and PMs will not go up for free as much anymore
>Market will overreact and dump
>Dollar will break trend and reverse

This could be a nice dip to buy PMs.

>>21862756
>>21867180
You guys do realize that this is just a public relations gig; it has no real influence. It's just so that they can claim that they 'listen to the general population'. So, it's a waste of time, in other words.

>>21867229
Fed and ECB are going to be talking about interest rates being very low for the next decade.

Someone came in to buy our bags at the end of the day. Based!

>>21867420
Computer did its job. Shake out as many hands as it could. Now buying to hold for Thursday.

>>21867294
sure.

but a good statistician does delete data points unless he has solid reasons to.

so i'm telling them inflation gud. it's gud for my stacks.

>>21867294
It's funny you think there are still serious people at the wheel of WOKE

>>21867229
should i sell my paper PMs and mining shitstonks?

>>21867502
*does not

>>21867473
I have OTM calls on 100 lbs of gold. Thursday better deliver.

>>21867531
You're falling for FUD anon.

>>21866318
>It's unlikely they'll announce YCC September 16 either, it's going to take probably until November

Don't know enough to make a prediction on what they'll announce (or won't announce) but would throw out anything the market perceives as inflationary will be bullish for the stock market.

Also curious to see where COMEX ends up with deliveries for September 2020 when the notice window closes.

>>21866318
>>21867626
YCC will probably be done quietly and "softly" unless there's a huge and sudden hit to the bond market. That's to say that the departments of banking and insurance will require more bond allocations for their members and the federal reserve will continue to swap out those bonds will loans for cash.

>>21867323
>Fed and ECB are going to be talking about interest rates being very low for the next decade.

How could they raise them? Honest question.

Individuals, businesses, and countries were levered to the hilt prior to 'rona. Since then we've all doubled down on debt, increasing our leverage. If rates rise, debt will quickly become unserviceable by enough to trigger the avalanche of defaults...Rickard's analogy of a single snowflake falling at the right place/time/etc., to start an avalanche is apropos here.

Even if a small number of borrowers are knocked out due to a slight increase in interest rates (the single snowflake falling), it'll cascade into another tranche of people who are right on the margin of defaulting to default, which will then cascade further and further...thus the avalanche.

Setting aside the global reset/debt jubilee theories for a second, the only way out of this debt mess is to use inflation to stealthily deleverage the economy.

>>21867815
>How could they raise them?
They can't. They will be discussing other methods available to "maintain functioning markets"

>>21866318
No one thinks they're going to announce YCC or crash the economy with the talks. What they do think is they'll mention low inflation (with their not calculating things like food and housing), mention higher inflation targets (which will cause significantly more inflation on food and housing than before), and ensure that helicopter money is an inevitability. It's just more confirmation that we are inexorably on the path of hyperinflation.

>>21867610
no I fell for the FOMO is what it looks like. All I've done the last month is lose money

>>21865919
Good catch, i told them they live in a fantasy land if they think this will work long term

>everything up except for gold

>>21867858
>No one thinks they're going to announce YCC or crash the economy with the talks.

My argument is YCC would be bullish, not bearish for the market. No idea as to when/if they'll announce it but I suppose what really matters is whether or not the market belives the FED will engage in YCC.

>...It's just more confirmation that we are inexorably on the path of hyperinflation.

Yup.

>>21867964
Anon, metals are not for the faint of heart. Everyone wants us to be wrong and phony news about China trade deal materially improving and the convalescent plasma being some kind of breakthrough, all the spin applied to the macro data, has been to our detriment. However, things will become clearer after the world's central banks commit to low forever at Jackson Hole.

>>21863594
hail

>>21868039
>YCC would be bullish, not bearish for the market.
Absolutely, but it will likely be done quietly via banks and insurance companies via regulation unless there's a huge BK or disruption. In this case it would be more like an admission of guilt. That's my guess.

>>21868050
I hope so. I'm going to hold through the week and see what happens. I should have taken a smaller position in this shit though.

The silver chart just went bullish.
Fed announcement of hyperinflation is on Thursday.
Here is the forecast.

>$30 EOW
>$50 Sept 15
>COMEX default SEPT 20
>$100+ End of September
>$300+ EOY
>$600+ March 2021

czech them and screen for silver bullrun and dollar destruction

>>21868050
>>21868272
>Everyone wants us to be wrong
We even want us to be wrong. Who the fuck wants the currency to be debased? It's just a shame because we're likely right.

>>21868330
Roll

>>21868334
I want massive inflation since I have assets and lots of gold and silver now. I think i'm going to be let down though, just like after 2008

>>21868490
relax. the best time to buy gold will be in a couple years when everyone forgets about the plague riots. these little episodes are a good reminder to double down and quietly stack.

>>21868455
checked

>>21866398
That you're giving away to China
https://www.bloomberg.com/news/articles/2020-06-12/china-scooping-up-canadian-miners-after-gold-rally-heats-up-m-a

>>21868334
I borrowed fiat to buy gold.

>>21868455
checked

>>21868330
Roll for $20 so I can stack more

>>21868946
>riots
>virus
Lol

>>21869053
I used short term credit. Thinking about longer term, but pumping my breaks.

Last night I mentioned having prdered something which nobody else on /pmg/ has. It finally arrived, an 1877 Uruguay 10 centesimos coin. It's the same purity and weight as a US silver dime, but is considerably harder to come by. I got this one for pennies over spot as part of a lot I bought on Ebay.

>>21866165
>>21866208
Rerolling is unironically the gayest fucking thing one can do in 4chan

>>21869188
Here's the other side.

>>21868490
Gold runup was 2011 during debt ceiling crisis not during U.S. financial meltdown.

>>21869157

>>21868946
Yeah, I'm going to buy a bit each year. I bought 6k worth at ATH, which was too much, so maybe each year I'll buy 3k worth or something.

>>21869248
That's what I'm hoping, is that this is essentially 2006 rather than 2009. When the real estate market went sour, but the real crash didn't happen. But, we've already passed stimulus and the fed and congress are much better prepared this time around, so maybe we won't see a crash. Then gold and silver will tank and I'll hold my bags for a decade.

>>21868330
I'm thinking the reaction isn't immediate, 30$ Monday. Isn't the lock for the next set of physical deliveries on Friday too? It won't be an immediate default, but if the open interest is absurd then the market might smell it coming. That plus the Fed pronouncement of monetary doom will boil over the weekend, blastoff at 6pm Sunday.

hey guys is it smart to stay in GDXJ or should i cut my losses?

i cant stop buying silver

>>21869370

switch to AG

>>21869053
>I borrowed fiat to buy gold

Based.

>>21869393
Good

>>21869393
I know the feeling and I also don't have that much money to spend which is why I have started to purchase much smaller lots.
Yesterday for example I got a 1967 canadian mint proof test. Its totals 1.1oz of silver for only 28 dollars.
So yeah that is what I am trying to do just pick up little bits here and there which satisfy my desire to buy without going crazy.

>>21869393
>>21869510

It’s a fucking disease.

>>21869192
Rerollers never get good digits

guys i only have 55 oz silver in .999 1 oz coins and can't really buy more than 4-8 oz per month, what do i do?

>>21869642
Buy 4-8 ozs per month

>>21861717
How are you losing money? Isn't your NIO kicking ass?? Just hdol dude

>>21869393
>>21869533
yes....more....I need more....

>>21869533
>JewCard
It's the little things that make it worth it.

>>21869366
I should also mention that I'm not sure the declaration of force majeure will drive paper to 0 at once. Because fiat still has some purchasing power, the paper contracts will essentially become "we owe you however much the price of metal is because we can't deliver physical" vouchers. Until the custodian delists/is forced to delist the paper contracts, they will be obligated to pay out whatever amount the metals get pushed up to. I think there could be a quick frenzy to abuse JPMorgan even though they can't deliver the physical goods, but obviously this window of activity would be a huge risk for the contracts getting voided and everyone would be eyeing the dollar for the moment to declare it worthless and stop chasing it. Declaring force majeure would be the death of long term credibility for the paper market, but that doesn't mean the opportunity for gain ends immediately. Even those staunchly opposed to SLV/GLD might want to pick up a few throwaway shares as lottery tickets in the event that the default drives the price to the moon before The End.

>>21861717
>Not Removing the Stray Embeds
That's just lazy.

>>21869308
>buy a bit each year
that's the idea. if you ignore gold/silver until the economy sucks and everyone else scrambles for it, you're gonna get cucked every single time. though I did just buy a few oz's silver today for like $100. i'm not immune to the herd mentality, but the bigger takeaway here is to not neglect gold in normal times.

>>21869744
calling a credit card a JewCard is admittedly based, but >>21869533 is an idiot. 300 oz silver would've cost < $1k per year for the last 5 years, and now it costs $9.3k all at once plus 25% (((interest)))

>>21870235
>plus 25% (((interest)))

The art is in dodging the interest.

>>21870235
most of us are enjoying no interest for 15 months anon, ill pay and cancel at the end of the 15 lmao

>>21869533
dude...i bought 100 ASEs back in march/april for 1750. You're gonna be a holding some HEAVY bags for awhile buckeroo

>>21863126
I've been seeing her everywhere bros, what's going on

>>21870455
His bags aren't heavy at all, since the mint is out of stock those coins have increased in value since his purchase.

>>21869407
dude what the fuck who are you

>>21869533
When you wake up tomorrow consider selling say 5 of them to your frens over at /pmg/ :3

>>21869407
Holy fuck
How much of that have you spent on PMs???

>>21869533
>Fucking $9k order
>Can't waive a fucking $4.95 shipping order

Dr. Willie has been on fire lately

https://www.youtube.com/watch?v=2YdUgGKb3c4

>>21863770
>>21863773
>>21863822
>>21863958

>just dca bro
i fucked up and went in heavy with my entry there's no more fiat for me to put in

>>21870454
so why not just pay now?

anons, do you think we'll ever see silver below 20$?

Here's what I'm looking for in Gold, chart looks bearish in the short term, but long term I'm super bullish. I'm net short right now, gonna close if/when we hit ~1840. What do you think /pmg/

>>21870950
Spot price maybe. This shit is getting ridiculous. I dont expect to ever buy physical under $20 though.

>>21861717
We are early, but we are NOT wrong.

>>21870748
>dude what the fuck who are you

Fiat’s in its swan song. Trade what paper you can for something real while they’re still options. Bonus points if you use the system against itself to acquire real assets.

t. RE & debt anon

>>21870855
>How much of that have you spent on PMs???

Since mid 2019 I’ve gone in for ~250k. Some cash out of pocket, mostly debt proceeded. Since I’m a RE/landlord I’ve had a front row seat to the jewing disguised as RE lending...fucking disgusting. Doesn’t me I don’t partake in it...I certainly do...but the proceeds always go into real assets. Fuck fiat.

Credit cards are small pickings. If you know how to arbitrage them you can walk away with a free float/free $$$ via the reward and cash back schemes.

>>21870871
>Fucking $9k order
>Can't waive a fucking $4.95 shipping order

Can’t win ‘em all, anon. Sometimes you gotta take the punch.

>>21862756
What should we do, experts?
>¯\_(ツ)_/¯

>>21870950
No

>>21871177
Hello fellow RE Anon. We had an awesome discussion last night on PropertyManagementGeneral....shame stackers here don't see the merit.

>>21871069
Same story with silver. Pms rose too rapidly and now will correct for a two weeks.

>>21871306
>rose too rapidly
>too rapidly

No. People were buying because of uncertainty in the market, as always. Now that schools and shit will open and people will be going back to work, there's more confidence in the traditional movement of the economy, thus the need for PMs drops and with it the price. It's simple.

>>21871122
>tfw no cheap physical ever again

>>21871306
>people woke up too fast
>have to have a bit of a lie down
people suck

>>21871353
https://youtu.be/_n5E7feJHw0

>>21871306
bullish pendant

> Anon, did you or did you not buy the dip
> It's a yes or no question

Reminder

>>21871069
>>21871306
Very tempted to agree, but I think this is going to now be about liquidity, shocks, and robbing the hell out of vulnerable parties. Lookin at you jpm shills

>>21871069
>>21871306
technical analysis of a rigged market

>>21871306
That is a perfect a pennant as you're ever going to get ahead of Powell Jackson Hole

>>21871069
Seems legit, my target is $1,800 based on DMT fueled machine elf orgies.

>>21871706
It's the best they can do Anon. If they saw the truth, they'd be saving up for land and property instead of 'precious' metals.

wasn't into PM 9 years ago and I have a question. what happened leading up to 2011 to cause silver to spike and what can we look for in the future to predict that happening again?

Rate my autismo play?
>We’re all going to make it.

>>21861839
i want to buy some cheap gold too

>>21865810

Nice patina on the platinum!

>>21871306
>pennant
Gold Bull confirmed Thursday.

>>21861839
>charts don't lie
Literally all the financial charts are lies
Every single one of them is rigged

>>21871841
dont act like property isint in a bubble and heavily manipulated too. not to mention the upkeep and taxes just for holding it

>>21871874
margin called/10

>>21862756
Well Canada's new minister of finance is a fucking journalist, so it's no wonder the people in charge have no fucking clue how to run the economy.

>>21863041
Holy fucking hell, I just came so hard

>>21871280
>shame stackers here don't see the merit.

Yeah. I get the position; debt’s not for everyone and it does up the pressure. If leveraging up and running an arbitrage play is outside one’s comfort level there’s no shame in eschewing it.

From my perspective however you’ve got Fannie and Freddy refing cheap agency paper (read: cash out) which results in even more cash for myself due to the 1. Initial cash out and then 2. Lower debt servicing payments despite an material increase in the loan amount.

Bottom line is fucking fiat allows those closest to the trough to get first pickings at real shit...and RE is pretty damn close to the front of the line.

My benefit, their loss.

>>21872065
You can’t get margin called, if you don’t use margin.... lol

In all honesty, I’m down 40% in the past 4 trading days.

>>21865523
honestly it depends what you want to do with it.

there's really only so much money can buy.

for an idea, Venezuela has hyperinflation and the average per month salary is equivalent to the cost of just under 0.5g of silver.

i myself grabbed 2000 ounces (bars) back in the mid teens. sold 400 to my in laws and just bought 250oz in coins.

i feel like that's probably too much, but whatever. now i buy copper coins and the odd gold good deal. ill switch into plat, pallad & gold once silver is a healthier price, but i'll prolly keep the majority of my position in silver bc i just like it.

>>21872047
You CAN'T MAKE more land anon. But (((they))) can fuck right off with (((their))) property taxes

>>21872253
>You can’t get margin called, if you don’t use margin.... lol
You actually can on RH since they batch your orders and frontrun you which can result in negative balances you dont even know about

>>21862206
You'll be fine. Take a snooze, come back in a little while and you'll be sittin' pretty. Keep stacking.

>>21872047
All financial institutions and facilitators of commerce are controlled and manipulated; nothing in this market is free or left to develop of its own accord. The only difference is that I don't express shock at this, whereas stackers get their pantaloons in a crueller when they 'discover' that the market is not weighed in their favour.

btw, I love the compilation cartoon meme you did the other night describing typical /pmg/...it was hilarious.

>>21872205
I agree with you, as up here in Canadia the ladder is easy to traverse once you get on, regardless of the economic situation of the country. The challenge for people up here is the cost of admission. Most people can barely afford the downpayment for their first property, let alone a second one, and they'd rather live in their property than rent it out to strangers.

That being said, there are woeful similarities here in terms of the choices people make about their cost of living and living beyond their means. Here they'll take the mortgage for the largest home they can afford rather than the best for their budget, same with cars and other loans. So, they're maxed out, and then they can't save for the future or have emergency funds saved up in case of a job loss. One of the first things you do when you get your first job is save up 1-2 years of your annual income in an account total, so that in the event of unemployment you can cover your costs (while hopefully getting a new job in 1-2 years). How many average Canadians have this amount saved up? Very very few. And that's just the beginning.

Stacking is great, but people need to recognize the priorities and how little time they have to save up in life.

>>21872319
taxation is literally theft, none of the money we pay each year goes to our govt. i cant stand it.

>>21862756
wew lads what a FUCKING CLOWNSHOW

Heres a spoiler people are going to ask for free shit

>>21872412
Shoo shoo. Make your own general.
>How many average Canadians have this amount saved up? Very very few. And that's just the beginning.
I still don't get how you shill owning multiple properties when you say this shit.

>>21871826
>Markets will never correct if good fundamentals are in place

>>21872341
Correct, lol. That would take some talent to do though. You would have to like deposit $5,000 and lose it instantly.

Kind of forgot about that feature...

>>21872520
Because having a financial cushion allows you to take greater risk. Think of it as a foundation which you build upon. Owning property is a strategy to increase your wealth, and it always works if you do the research before buying. But you can't do any of it if you don't have capital to begin with, and you shouldn't be taking those risks if you don't have unemployment savings. That's just common sense.

What are we thinking pmg, will we continue going down tomorrow or is the lat afternoon rally sustainable until Thursday alleged big show?

>>21872615
It'll stabilize by the end of day, then do a slow drop on Thursday. We're eventually going to go down to the levels we saw last February prior to the March collapse, but it'll be done gradually (so, we'll see February levels probably by December).

>>21861939
EL15 what nationalizing the miners mean

>>21872666
that's ridiculous

>>21871353
We're so totally not still in a debt trap or anything and the Fed can totally start raising rates and they are totally not about to make a landmark announcement Thursday to give themselves permission to inflate the unserviceable debt away.

>>21867420
>>21867473
The action seems very strange this week
To me it looks like the manipulating is allowing
for someone to cover some big short positions.
Something big is coming

>>21872666
>>21872704
even for satan

>>21872704
Santa always lies.

>>21872724
I think it's being manipulated down for a cash settlement.

>>21867798
It closes on Friday. Right now it looks like 15-20,000 contracts will stand for delivery. That's 75-100 million ozs. That's still a lot of shiny

>>21872777
digits don't lie

NOOOOOOOO NOT THE MINERS AAAAAAAAAA

>>21872793
Looking at it, seems like this month might be relatively uneventful. Both gold and silver look spicy hot.

>>21872412
Blah blah nobody likes you, fuck off and make your own thread.

>>21869393
>>21869533
You anons inspired me to order the Andrew Jackson medal I've been eyeing

>>21872666
>>21872777
Literally holy trips BTFO the beast.

>>21872992
This. RE debt thread would be cool. That said I'd probably look like some kind of controlled opposition paid for by Morgan Stanley

>>21871841
>he doesn't know that communism will take over after a crash and all land will be confiscated
Ngmi. Only gold and silver will be safe as they are impossible to extract from people even under a tyranical rule.

Just went to my LCS and bought 40 Kennedy half dollars, should I have waited?

>>21872666
do you also think the USD is in a bull market? our economy looks wonderful, yes, yes it does.

>>21873017

Holy based

>>21872687
Hello tourist welcome to 4channel I hope you enjoy your trip, allow me to help you blend in with the locals so you can have a nicer time.

Nobody here uses the term eli5 this some redd*t lingo. If you want a tldr or short and succinct summary just say "redpill me on X topic"
Or "I need a quick rundown" will also suffice.

>>21872777
trips of truth

>>21873047
As a mortgagee, I would like to think that big time inflation is coming with zero rates to give me negative rates and let my gold and silver boom, my miners moon, and the bank pay my mortgage for me.

>>21872520
>>21872412
>>21872205
>>21873047
>RE debt thread would be cool.

For the past five decades or so anything which served fiat's (((masters))) has thrived. RE, stonks, etc. and those which are inherently against it - PMs for example - languished.

There were a few who "made it" in the existing system but saw the disgusting flaws of it with the inevitable writing on the wall: eventually confidence in fiat would be shattered and assets would correct to their fair prices. The obvious play for those with the means and risk appetite was clear: go short on the dollar and long on real assets/PMs.

As far as PMGs go in the broader sense, it's fascinating to watch the voracious appetite held by the largest pushers of fiat: the central banks. They've been hoovering up gold; they know something is coming. Add in family offices and other entities with similar means and one find even more demand from people who got to their high stations in life by not making mistakes...you do the math...

As for the normies and boomers...well...as for them and their faith in fiat...I honestly am of the opinion it'll melt-up. The boomers will spray their shorts and, come to think of it, I don't know if they'll actually have the mental bandwidth to process the cognitive dissonance when they see the big-happy-number on their portfolio but realize it's totally meaningless...what a day that will be

>The boomers believed in the fiat, the orgastic future that year by year recedes before them.
>It eluded them then, but that’s no matter—tomorrow they will run faster, stretch out their arms farther. . . .
>And then one fine morning—
So we beat on, boats against the current, borne back ceaselessly into the past.

>>21861912
If they move to digital they can't really add inflation cause nobody would touch that shit..

But I guess they can make it mandatory and work with the micro chip you recieve from your corona "vaccine"

>>21872272
It would take a Venezuelan earning an average salary a little over 2 months to buy pic related at spot.

>>21873491
If this is true then our next moon mission starts
on Monday...load up while you can

>>21873528
>If they move to digital they can't really add inflation cause nobody would touch that shit..

>1. Back the new digital-coin with something perceived as having value in a believable manner to transfer confidence.
>2. Port over existing DDAs to the new system (i.e. that Banking for All Act / FedCoin accounts)
>3. Print the USD to oblivion to settle all existing USD denominated debts. USD becomes worthless, US[x] immediately takes over.
>4. Immediate defusing of the fiat debt bomb; roll-over of the public to a new based monetary system.

I like gold and silver but sadly I think its a bad investment due to the sole reason that its hated and manipulated by the bankers..

They cannot let this shit moon like bitcoin, because that would collapse their scheme.

The price of everything has been going up except PMs so its true that they're undervalued, if they weren't manipulating it we would probably already be at 10k / 500$ but the public would notice and get in in a huge fomo. Like the 2017 bitcoin run, it started being talked about everywhere that was a pretty obvious top. 1929 shoe shine boy incident.

I know they can't do this forever but they sure as fuck have been doing it for a long long time.

>>21873713
Their bill is coming due. Buy PM for CHRIST

>>21873713
They've lost control of breakout. They'll push it down, in like 2 years when the Fed pretends to want to ever raise rates.

>>21864606
Careful don't become known as the "gold and silver guy" if it ever skyrockets you will have a target on your back.

They might not do it but they could tell someone who tells someone.

t. Worked with a ex-career criminal guy who would get tip offs from the street on which people to rob, he would brag about how they robbed some rich managers house and got 100k+ in cash and bullion.. Shit like that

>>21873525
based and redpilled

>>21865188
>he doesnt have his own medieval leather coin pouch to larp with

Ngmi

>>21873525

It's getting hard bros.
I don't see a path for my life where things go in a direction that's all that much better than suicide.

Silver Truk arrive tho

>>21874096
suicide is for bitches

the way i see it, if one day a merc dime = FWTDHWAHQUD blowjob, i'd be the one being exploited, not the FTWDHW or HQUD
therefore, not a single merc of mine will benefit a w*man

>>21873655
ya so that'd be a best case scenario for silver i guess. you can buy a slave for 2 months with 1 gram of silver and still probably be offering a good deal relative to fiat.

>>21874096
Based and hunting bird pilled, just be patient for three more weeks

>>21874096
Agreed
Don't off yourself until at least 10000 oz stack

>>21874096
>It's getting hard bros.

At least you got silver.

What's weighing you down?

>>21874151
>principals

>When the USD dumps below 93.0 again, Gold will pump
>When Powell announces confirmation wanting to pursue higher inflation, Gold will mega-pump

What happened to the nice new OP with all the pastebins? That one was so clean.

>>21874474
I like seeing the url links instead of having to open a pastebin

>>21874474
Bring it back. Anon. It's page 9

>>21874474
It went for three threads and then an anon wanted to be a "chad" and created one without it.

>>21874492
Other than find compare, what links do you use?

>>21874474
it was alot better ngl

>daily and threadly reminder

I got a silver bar today and it's chipped, is that normal?

>>21874096
motherfucker you are just soft and weak, and nature, life, it doesn't forgive weakness

jfc dude i wouldn't want to brag about my last ten years of fucking hell, you have no fucking idea, you weak fucking cuck

GET A FUCKING GRIP, IT'S ALL IN YOUR FUCKING HEAD
JFC YOU WESTERN KEKS MAKE ME HELLA MAD

t. Russian stacker

>>21874637
western cucks*

>>21874637
Based Slavs and Eastern Europeans know what it's gonna take to get through the next decades

>>21870934
Why pay now? I have student loans that have deferred at zero interest until January. I'm saving my money in case I lose my job.

>>21874637
>>21874688
Cheeki, and dare I say it, breeki

>>21874613
Give it two years and you'll be chipped too. Then you tell me if its normal.