/biz/ - Business & Finance

That currency vs money video was great.

To buy more or just sit on what I have. That is the question.

>>22339254
Im a college student and new to stacking silver/gold. Eveyone is telling me Precious metals is nothing but a meme?

>>22339332
I just got into buying silver like a week ago, I have 19 ounces. My goal is to hit 100 ounces fairly quickly. I also think you should buy.

>>22338796
I'm not that anon, but I can shill.


The biggest takeaway right now is the correction in the precious metals
sector should continue. I see little chance of a leg higher. Tomorrow will
mark day 23 of the correction in GDX. The 2008-2009 analog shows the
next leg higher began on day 43. I continue to look for GDX $37 and
GDXJ $51 as potential bottom targets.


Generally speaking, there is about
10% downside in the miners. The ideal buy point could come over the
weeks ahead, and perhaps after Gold breaks below $1920.
Turning to the metals, Gold is at risk of a short-term technical breakdown.
A close below $1920 could trigger a move down to the low $1800s. Gold closed Friday at $1934. Silver, which closed at $26.71 is outperforming Gold due to rising inflation expectations. But should Gold crack, Silver would come down to at least $23-$24. Both Gold & Silver have net spec positions that are somewhat elevated which means there is “fuel” to push the metals lower


There should be good entry points across many stocks over the days and weeks ahead,
should my expectation of 10% downside play out.

the top 5 would be (in no order) Rio2, Minera Alamos, Liberty Gold, Osino Resources and K92 Mining.

Watch list: Roscan Gold and Integra Resources.

To that anon that buys silver scrap. Is this a good buy?

http://rover.ebay.com/rover/1/711-53200-19255-0/1?icep_ff3=2&pub=5575378759&campid=5338273189&customid=&icep_item=333715224788&ipn=psmain&icep_vectorid=229466&kwid=902099&mtid=824&kw=lg&toolid=11111

>>22339372
It's a meme because they are using fiat-based rollercoasters or crypto or they're just fucking idiots instead. I'm 33 years old, I know more about finance than some 19 year old at business school, even if he's better at naming graphs after crabs and letters when he sees it.

>>22339397
Yes that's a pretty solid buy.

>>22339397
Lmao. One of you spergs just bought my lot of scrap silver. Thanks niggers.

>>22339466
Thanks for buying Ant.

>>22339468
i laughed when i saw that.

>for the prep the /BHLL/ anons and heavyrotation.

Here's an expert analysis of Bunker Hill from this sunday.


The mine has a very rich history of producing metals as well as toxins for the local population. That led the mine to be declared a Superfund site in 1982. Bunker Hill acquired the mine and after years of cleanup the EPA is allowing mining and exploration to recommence but the company has to pay the EPA $20M over 7 years. In short, the company has a lot of work to do and it won’t be cheap to do but the Bunker Hill Mine has strong potential to be a tier 1 silver project and one of the biggest silver mines in the world. The company just closed a huge financing and raised C$20.4M. They do have loans of US $2.1M and a US $5.9M payment to make for the acquisition of the mine. The total cost was US $11M and $4.8M will be paid in shares. Post-financing there are 137.4M shares out and 230.2M shares fully diluted. Roughly 34M warrants are exercisable at C25c and there are 58M (from the recent raise) exercisable at C50c. If all the warrants were exercised, the company would gain C$23M in cash. Fully diluted, the company right now has a market cap of US $85 Million. The Bunker Hill Mine has historically produced ~160M oz Ag plus base metals. In 1991, a resource estimate showed 59M oz Ag-eq @ 11 oz/ton. That accounts for only reserves and do keep in mind, pre 43-101 compliant estimates are unreliable. They could potentially drill 40,000 meters to begin exploration and they think 150M oz Ag-eq is an achievable resource. The value proposition for Bunker Hill is they could rehab and refurbish a mine that has potential to produce 7M-10M oz Ag/yr at a very low cost. Perhaps it could cash flow somewhere from $100M to $150M/yr (at $27-$28 Silver) depending on exact production. Given the valuations silver producers trade at, that would equate to a + $1 Billion valuation and perhaps $1.5 Billion to $2.0 Billion on the upper end.

>>22339434
Do you think silver gold is a good investment for a student? I dont really spend my money and I dont want to keep it in fiat.

>>22339372
BORN TO DIE
WORLD IS A MEME
Kill em all 2020
I am stack man
410,757,864,530 DEAD DOLLARS

>>22339520
>continued


I don’t know what management thinks as far as the time and capital required to rehab and refurbish the mine so it can operate successfully. One thing to note is that part of the mine is flooded and will require de-watering. That could take 2-years but would be faster if the company could access the Crescent Mine which joins up with the Bunker Hill Mine at the 20 Level underground and has preferential and enhanced water discharge rites. The company is also thinking about the potential to consolidate several standalone mines in the 15 mile long Silver Valley. The combination of 3-4 operations in one company could create +600M oz Ag-eq and the potential to produce 20M oz Ag-eq/yr. Bunker Hill Mining is definitely a company to keep an eye on because if they can successfully redevelop this potentially world class mine, the stock has in excess of 10-bagger potential. But, they are just getting started, there is a lot of work to be done and it’s not going to be easy. The stock closed at C48c. If it dips below C40c, I’d be very interested.

Not enough stacks or symmetrical stacks in this thread

>>22339468
Scrapsperg here, I didn't jew it from you, but it was a solid deal so another eBay scrapper probably grabbed it. Can't take too long deciding on new listings because others will see them too in short order.

>>22339580
Naw. It’s good. Just tryin to sell stuff on eBay because I’m moving. So I’ve been throwing shit up cheap. Might be throwing more scrap up soon. I’ll post it here, it’ll be a good deal.

>>22339540
Gold and silver are good investments if you have a long time horizon imo. Historically precious metals are good performers at inflation hedging and typically don't move with equity markets (although they are currently).

What happens if some of the newly added COMEX refiners produce fake silver?

Does anyone know what kind of quality control systems COMEX has in place to prevent fraud?

>can't fnd any ag for less than 33/oz

>>22339332
I have finally filled the gaping chasm in my soul with 100kg Ag and now am satisfied with just 500 dollars per fortnight going to metals

>>22339677
>to prevent fraud
>literally 100% fraud
They got it under control

>>22339520
>>22339547
Very ver interesting, if Bunker Hill can get some of those mothballed nearby mines into the company and operating they could help fund the dewatering and reconstruction efforts for the main Bunker Hill Project. To rehab that massive of an underground mine will take a long time and a massive budget.

>>22339677
can i do this? i live in chicago.
can i just buy spot price silver online and then walk up to the office like a chad and demand my money in real silver?

>>22339796
What were you fucking expecting? There's no silver.

>>22339796
You can buy Asahi silver on provident metals for under $29.50 if you buy enough to avoid shipping (and possibly sales tax)

>>22339584
I wish i could. I'm the biggest silver advocate on this multiverse. But i stacked a while back (in 2018 mostly) and my average is $16. I know silver will reach 4 digits eventually, yet when i put stuff in my cart and am about to click on the purchase button, i have a fucking mental blocking each time. I cant wrap my mind around purchasing for x2 the price i used to buy before. My last buy was back in march, and i'm craving it like you wouldn't believe..
How do i free myself from this tightfisted 'tism?

ps : i've a little less than 800oz total already, and even though it's clearly not enough for my tastes, it may play a part in my psychoblockage.

>>22339796
That's cheap compared to what is coming fren.

>>22339855
>tfw when mmgfren saved my fresh felidar edit
based and clownpilled
also fuck jotc and fuck the new janjan

>>22339890
Just imagine this coin at checkout

>>22339948
>>22339890
Just buy it, fren. Come on, you gotta break 1k toz before the big moon.

I am curious. Has anyone purchased those $10 eagles? What is it actually? Aluminum or something?

>>22339540
If you're just wanting to sit on cash and not go into investments or spend you money in the short term, it's a diversification.

>>22339890
i just tell myself that it's basically just a more volatile savings account so it's not like im just blowing cash on worthless junk from china unlike every other american, the comex and the lbma

>>22339853
one contract is 5k oz, so as long as you can afford that you sure can

>>22339948

>>22339853
delivery takes place in NYC and you have to be a weighmaster

>>22339540
The other two posters already spelled it out pretty well. Precious metals are usually a very long-term investment. Right now, you may be able to short them. If your goal is short-term, then precious metals are not where you want to be. If you want to collect a few a month, I think that would be a good idea, while investing in other revenue streams. I personally am thinking very long term at this point, I have dicked around in other financial areas long enough.

>>22340110
You don't think this is the final run, I take it?

>>22340072
That card would be cost 1 equip 1 in today's standard. Power creep is some real shit.

>>22340134
You haven't been watching the new spoilers - this would now cost 1 and auto-equip as soon as it hit the field.

>>22339972
>kruger
>my silver would potentially have been touched by dirty monkey paws
no thanks, even though the idea of depleting africa's natural resources in exchange of clown currencies please me more than it should.

>>22339975
I know fren, i'm just so stingy... But yeah i must fight it, otherwise i know i'll regret it for the rest of my life if i don't get in now. I guess a good middleground would be to wait a bit longer? God only knows how low the current stonk market could dip, and if it trigger another march-tier crash, silver's spot will surely take a hit. Even though i don't really believe it will happen, and even if it does, the LGS will immediately rise up the premiums. But hey, it cost me nothing to wait few more days to see how things evolve, i guess.
Whatever happen, i promise you to get myself at least a x20 oz roll by next week.

>>22340137
>>22340159
why don't you post cute silverfu instead? Here some material for your next edit.

>>22340137
Ya know I really was planning to post this image every single day just to fellate myself but I decided that would be both irritating and hella gay.
Are you planning to post that in every single thread?

>>22340134
>>22340200
Power creep made me stop playing ~5 years ago because there was no fun in being a casual if the few cards you did get would be outclassed in a year or two.

I bought the last few silver rounds off my LCS for 32/ and he was bitching at me the whole time about no supply.

>>22340202
Bro you better buy now before it's all gone. Haven't you been listening to andy schectman? When supply goes out, it's gonna go all at once instead of petering out. You should check out tgdg if you're not already a regular - you bet your ass that when the dam goes it's gonna be the end of cheap PMs.

>>22340137
>>22340159
You know there are attractive women you can post right?

>>22340244
>tfw ninelet
I thought I did good with the lady fortuna's and AGE, yet here I am feeling inadequate.

>>22340294
You stopped at the right time. Now the powercreeping is so ridiculous vintage is rotating faster than standard. And i'm not exaggerating, you can check it out on mtgtop8.

>>22340200
True, I quit with Ikoria because companions were just too fucking bullshit and added a whole new dimension of 'there are three decks that work, if you don't play one of them then you will get fisted into oblivion'.

If they ever reset the power level so that games aren't determined by turn 3, I might come back to it. Long drawn-out back-and-forth games were kino, I hate what the game has turned into.

>>22340159
wow she is extra chinky with a side of chink

PAN MAN,

Do you have knowledge on Impact Silver? Someone was shilling it like it was the greatest junior ever earlier.

>>22340395
I want to add discovery metals to this as well as bayhorse silver

>>22340354
I don't play or buy cards anymore. Now I just shitpost and scream about the paypigs who made this shit the way it is now. I can't wait for magic to die the final death.

>>22340391
Not really, she looks like a cambodian/viet ape. Han chineses don't look like this at all.

>>22340342
Years back I bought a minty sealed pack of 55 of the original 1995 promo Mana Crypts for 250 bucks total from some random in Portugal. Shoulda dumped silver and held those lol.

>>22340432
Is the situation the same with yugioh? I miss the days of beat-sticks.

>>22340395
Its a pretty good deal, they have some major land rights to work with and multiple producing operations that they are proving up. The only worry I would have with them and basically any major miner working in Mexico is that their government sometimes likes to start talking about nationalization to get better deals with companies. It hasnt happened any time recently, but you never know with how this clown world is going. I will be keeping a better eye on this company for sure.

>>22340430
Bayhorse is one of my favorite small scale miners. They have married modern tech with the old school style of high grading underground mining. Their Brandywine prospect is looking better and better, I think it will eventually become a great cheap open pit mine some time in the future.
I need to go back into my archives and see if I have any notes on Discovery Metals, they have come up before in threads and I did a write up about them a few months ago, I havent been keeping an eye on them though so I ll have to get caught up.

>>22340536
kek, what a deal! What happened to the mana crypts? You sold them immediately after?
But yeah, the edh craze totally changed the cards' value. Now what used to be unplayable chaff/worthless becuz vintage restricted is worth gold while modern staples lost 90% of their value. It's pretty crazy in retrospect to see how fast it happened.
Jotc managed to make constructed formats so obnoxious to play that only home-ruled formats survived.

>>22340574
>>22340678
Thank you PAN MAN. I appreciate your wisdom. That looks like a good hardworking digger you got there.

>>22340310
Will 10,000 ozs get me one of these?

>>22340457
Chink isnt a term for chinese, its a ubiquitous for asians

>>22340736
Scoop trams are fun machines to run, you sit sideways on it and the seat rotates so you can drive backwards and forwards quickly. I loved working on them and the low slung haul trucks too. The only piece of underground gear I fear to run is the "Mucker" or "muck Machine". These things are insanely dangerous, there are a dozen ways it can kill you and almost all my work mates underground had missing fingers because of them.

>>22340812
10 oz of silver right now can rent you one for a night, but pussy is in a bubble right now, if you hold it will come down to about .07 oz for most8/10's, .25 oz for a 10/10

>>22340678
Nice, thanks friend.

>>22340681
Yeah sold at what I thought was a good profit, but Jesus lol, I had 5 playsets of underground seas, all sorts of stuff worth stupid amounts now. In HS I used to buy dozens of cheap poorly listed collections on eBay, sell enough extra assembled playsets to cover costs and keep what I wanted as gravy, built a sweet collection basically for free. Cashed out by '06 in what was a very successful bid to stop being such an autist, make more friends, party and get some pussy haha.

>>22340848
what country do you live in where a girl like that is 300 dollars? i'm moving.

>>22340829
>PAN MAN fears the muck Machine

Seems like there's a Muck Machine in every hard line of work. In mine, if someone is missing fingers, 9/10 times it's due to a hydraulic press, especially the foot controlled ones. People get into a rhythm until their hands and feet get out of sync.

Well here goes nothing

>>22340738
>>22340708
>>22340674
>>22340646
>>22340547
>>22340537

Hopefully my thread dies and I can maybe get an answer here, any idea what these coins could be valued? Especially the 1958 silver Ben.

>>22339859
ty anon, i'd always wondered about these supposed great low premiums on asahis that /biz/ is always going on about but never looked myself

>>22339254
>https://mndm.gov.on.ca/en/mines-and-minerals/mining-act

is old new one : http://www.mndm.gov.on.ca/en/mines-and-minerals/applications/ogsearth/mineral-deposits-mdi

https://www.forbes.com/sites/bradmcmillan/2020/07/29/will-the-dollar-collapse/

> Get a house on some property with an rv extension that sits on a buried conex bunker next to a weed garden surrounded by a 9th century style wooden palisade but build it all on a hill so it will be more like a motte and bailey


How much silver do I need to buy to do this?

>>22340932
Muck machines are dangerous because you can easily over balance them while loading a cart behind it, causing it and its load to fall on you. One of the guys I worked with at Dome Mountain during underground exploration was killed that way. Guys also have been killed when they stick their head too close in on the arm as its shooting up, smashing them in the head.

>>22339377
>>22339466
>>22339544
>>22339577
>>22339677
>>22339855
>>22340200
>>22340233
>>22340244
>>22340300
Another blessed thread.

>>22339375
Depends on your budget and willingness to interact with people.

I've been accumulating silver and bits of gold since late March and just now surpassed over 100 ozt Ag.

>>22340943
take their weight in silver, add maybe 3-5$ over spot.

>>22340929
Anon... do they not have escorts where you come from? I mean I personally would never lower myself, but 300-400$ should get you a nice one. Amsterdam had girls like that for 70 euros.

>>22341018
Those sold out extremely quickly. If I only knew.

>>22341018
Those are some nice stmichaels(?) coins anon

>>22340943
The panda is a 5 yuan panda coin, they are like 35 bucks a pop

The franklin half dollar is like 10 bucks.


Use this
https://en.numista.com/
The 1915 panama coin is like 50 to 60 bucks

Prices are ebay

>>22339796
LCS sold me some generics for 31.33 today

>>22341096
I picked up eagles for 33 at mine.

someone posted this beautiful coin in the last thread, where can you get this thing? does anyone know who manufactures it? I searched the text but can't find the exact round.

>>22340943
I responded to your thread looks like about 90-110$ retail value

>>22341009
>How much silver do I need to buy to do this?

200-1,000 ounces depending on size and location of the property, how much you do yourself, and resources on property you can use for free like timber for your palisade, running water, etc.

>>22341117

>>22341027

I just got divorced, declared bankruptcy, and took out some college loans i didn't need (i use GI bill for a Master's program), as well as some PUA backpay I'm waiting on. So, once this all sprinkles in I plan on buying a legitimate shitton of silver.

>>22341271
I wish you luck fren.

Nothing is stronger than a man's will.

If any other anons want coin appraisals post them. I have a bit of experience in the matter.

>>22341298
Thanks fren. Not to blogpost, but I also dropped 40 pounds and put on some good muscle. It's just me and my loyal dog and it's pretty glorious. Limitless possibilities.

>>22341271
Hope things get better bud, the only way to go is up.

>>22340928
Feel you bro, same thing happened to me to a lesser extent.
Can you imagine how fucking rich you would be now if you kept all the old stuff until now? Past few years have been crazy for old cards (especially on the RL).
For example i used to buy gilded drakes for 10 bux a pop in 2017. They are now worth $250...

>>22340928
>a very successful bid to stop being such an autist, make more friends, party and get some pussy haha.
Tell me more. How did you accomplish this feat?

>>22341357
Pretty based if you ask me, you surely GMI fren.
How much silver do you plan to buy?

>>22341271
Why did your marriage fall apart? How old are you? I hope you make it fren and can buy 100 asian sex waifus.

>>22341477
First goal is 100 oz. Then 200, then so on. Eventual goal, I would say 1000 oz. Once I hit that, I'll just keep going though.

>>22341498
My wife started having an affair with an unemployed post-malone clone who lives with his mom and has priors for drug distribution. We're both college educated veterans, and in our early 30s. I'm 33. Using GI Bill to just stack cash can collect degrees I'm ambivalent about. She also maxxed out my credit cards, I moved out when I found out she was cheating anyway. Chapter 7 wipes all that shit out, I don't really care much about it either way. Just live without credit cards, finance through a dealership if i need a car and pay it off immediately, and use a VA home loan when i decide to buy property. I have it mostly figured out and I am optimistic.

>>22341337
I got a few for you then bud!

is anyone on precious metals interested in uranium?

>>22339372
>>22339540
>Eveyone is telling me Precious metals is nothing but a meme?
You buy when everyone around you hates it
You sell when everyone around you loves it

That's how you buy low and sell high. Humans are hardwired to buy high and sell low (look at TSLA stock)

>>22341337

>>22341586
yes??? I may or may not also have a centrifuge to
ahem
"purify" it

>>22341558
>My wife started having an affair with an unemployed post-malone clone who lives with his mom and has priors for drug distribution
lmao what the heck. Well, at least the only silver he has is probably his sterling necklace his parents bought for him at the mall 10 years ago. 20 grams at most.

Look into some miners too. Lots of good info gets posted here on them. Current favorites seem to be Bayhorse Silver, Aurcana, people seem to like Impact Silver and Discovery Metals.

Good luck fren I hope you can buy your wife back as a slave for a few grams of silver when the economy goes tits up.

>>22341561
One cent

>>22341644
two sodas in a vending machine

you're welcome

>>22341337


This is one cent sir
>>22341689

>>22341337
One more after this

>>22341685
Bro I couldn't make this up if I tried. I was more insulted than anything. But, it's a beautiful day and the Sun shines on silver. I'll make note of everything you just wrote down and check them out, I can't move as fast as I want on this just yet. That's the most annoying part.

I want to get some 1g gold bars or coins. Going for under $100CAD. Should I wait or buy locally tomorrow?

>>22341337
I have also a load of 1930-1940 pennies, a handful 1964 Kennedy half dollars, and loads of other various older pennies, and coins but the ones I posted I think are the more valuable.

>>22341104
They're chargine $7.50 over spot for toned ones. Yeah...

>>22341758
1g gold coins for under a $100? You mean chocolate loonies

>>22341722
That is three cents

>>22341558
>>22341271
You don't need deadweight like that. Just got over a cheating bloated whore who entrapped me with a kid and is currently cheating on the guy she got pregnant with with me. Low quality women are rampant and the good ones are already taken with zoomer thots filling the gaps.

It helps if you think most women are hookers and only use their body for self reassurance and favors. They can't offer anything tangible in the boys world so dont spend your time on one unless they really prove themselves through the gauntlet. Hang in there guy

>>22341337
How much is my 1.3 kilogram BBC worth?

>>22341337
I should mention I’ve never bother to clean any of these coins, I have no idea if you can.

>>22341754
Well most miners wont move a lot until silver takes off on the bull run to $50+ an ounce to even 100 maybe. You have time, idk how much time though. Dont wait for November or December.

>>22341805
It's true, they are going for about $80CAD or $60USD

>>22341758
Save up till you can buy a 1/4 oz, but if you cant then go for it i guess. Just make sure they test it in front of you.

>>22341805
anon gold is under 100$ per gram, even some of the more expensive dealers sell for less.

>>22341905
anon that is what they are BUYING them at, probably sell for 90-100$

>>22341002
>https://www.forbes.com/sites/bradmcmillan/2020/07/29/will-the-dollar-collapse/

normalcy and recency bias at it's finest.

>>22341951
>mfw i made such a simple mistake in front of /pmg/

>>22341889
Every single miner i look at alrdy x5'd up to x15'd since march... They already took off big time. Lets be real fren : we missed the big gains and buying now is buying high. Maybe not the top but high nonetheless.
It seems like i'm the only one noticing it... or at least spooped about it. Don't get blinded by the promises of futures gains on stuff who alrdy x10'd in just a few months.. If anything we risk to get dumped on!

New capsules arrived after a month. The other ones were slightly too big and these are easier to store neatly.

I need help understanding :(

>A gold standard is when the government links/backs its paper money to the price of gold.

What does links/backs/peg mean(?), value determined through the stock market? I don't understand because its being linked to an already manipulated system. In my view all I hear is "we are going to be switching currencies". I don't see the difference, were moving from one type of paper to another paper.

>I can exchange this gold backed currency to gold

We can already do this with todays paper money.

Can't the gov just excessively print these new gold backs like crazy just like todays paper money? Also, how is my local bullion store profitable if the price of PMs are increasing slowly....

>world currencies were pegged to the us dollar and the us dollar was pegged to gold, central banks were the only ones that could exchange paper money to gold, individuals could not.
https://youtu.be/d3PCjk7YAo0?t=31

What about individuals and my local bullion store?

>>22341988
its ok anon.

if you are in canada, look up canadagold, they currently are the best place I find for buying gold, no issues getting spot from them when selling either, they have a website so if they are in your city easy to find

Really shop around your local coin shops, you would be surprised how often you can find deals if you make a few phone calls.

>>22342069
>We can already do this with todays paper money.
I've got some bad news for you...

Divorced anon here, I'm gonna go to bed, you guys are great, we're all gonna make it. I'll bother /pmg/ in the morning.

>>22341758
Buy it locally tomorrow.

>>22342022
this is why mux and arcana get shilled anon... they have yet to moon shot. A lot of other miners have gone up and will go up more, but aurcana especially has potential to multiply greatly.

Mux seems like it was fucked over extra hard by rona and shut down all mines until september, cheap buy right now, I still have faith they will surpass their pre rona levels which are alreayd a multiple of where they are now.

>>22342069
>Also, how is my local bullion store profitable if the price of PMs are increasing slowly....
they bought inventory years ago. They purchase at some percentage lower than spot. They sell at some percentage above spot. They don't buy when prices are high. They make their money off volume of sales

most importantly, brick and mortar stores are a tax shelter and a real estate investment. That's usually where the actual profit comes from. Selling retail to the public has a miserably small profit margin. We make our money on the tax shelter and the underlying asset. (the land/structure/equipment/brand). The business itself often doesn't really matter when it comes to taking profits.

>>22342069
Congrats. You figured it out. It's fucked.
It's going to be every man for himself.
My best postulation in a post dollar world is to deposit some PMs in a bank and ask for some type of derivative to get this shit show going again.
I.E. 20 ounces of silver could back a new paper instrument that could be used to buy several acres of land and a house.

>>22342142
Do you know why divorce costs so much anon?
Because its worth it.

Good night folks, stay comfy

>>22342069
>I can exchange this gold backed currency to gold
>We can already do this with todays paper money.

>>22342142
Stay stronk, fren.
See you at the /pmg/ yacht party.

>>22342184
he's saying you can buy gold with dollars, you absolute moron

>>22341558
Live well bro. Fuck the past shit.

>>22342069
>We can already do this with todays paper money.
no we can't. the supply is not guaranteed. with a gold standard, if you go to the government and ask to exchange your paper money for gold, they are REQUIRED to do so.
>Can't the gov just excessively print these new gold backs like crazy just like todays paper money?
no. they must have the gold stores to do so. they could lie about their gold stores, but there would be a civil war

When I check on pmg, most anons here would show stacks of ASE or Maples. I never hear anyone here ever discuss about Mexican Libretads. I was wondering if anyone owns them at all.

>>22342199
that's not what he said at all though. if he said you can buy gold with USD he would have been right.

>>22342234
he said we can exchange the currency for gold

only a paranoid schizophrenic would immediately assume he means exchange it with the issuer of the currency

>>22342284
that's literally the only meaningful part of a gold backed currency.

>>22342284
please listen to
>>22342310

>>22342230
>Mexican Libretads
I think The rumor was that the cartels were buying them all up.

>>22342310
yes.

his point as I understand it is there's no difference between the government selling you an ounce of gold at market prices or a bullion store doing so.

his mistake seems to be in thinking that the value of gold will continue to fluctuate on the open market if it's backing a currency. In real life governments don't allow it. They fix the price to the currency.

>>22342230
>I never hear anyone here ever discuss about Mexican Libretads
I'd gladly buy them, but they are never on sale and the prices are too high to justify. I do own one though.

>>22342310
>>22342321
His second mistake is asking a bunch of literal russian and chinese trolls on /pmg/ to understand a simple question in english.

you guys either haven't the english or the brains or both.

>>22342124
Awesome thanks, really helpful advice

>>22342402
>purchasing gold from a dealer and having the gold YOU OWN given back to you from the government using a bill of receipt are the same thing
>and if you don't agree with me you are a Russian troll
lol

>>22342402
Proof gold is a commie scam?

>>22342445

Check out PMX Canada.

How much should I be paying for a 1966 Spanish 100 Pesetas coin? I want one.

>>22341104
My LCS only charges $2 over spot for generics and $3 for eagles. It’s nice.

>>22342448
why would he say we can already get gold from the government in exchange for fiat?

only a retarded person would think that. He clearly isn't retarded.

you clearly are retarded.

>>22342333

That does make a lot of sense.

>>22342390

Is it worth the premium? I'm talking pre-covid.

>silver spot price 26.61
>cheapest 1 Oz rounds at 20%+ premium
Umm guys? What's about to happen?

>>22342140
Of course you can, the rate just wildly fluctuates with a general trend of decreasing amount of gold per paper money over time

>>22342390
I recently got a 1983 from a local pawn shop for $30, and bought 5 of the new design on ebay for about $35 each. They are out there on the secondary market if you look.

>>22342069
>We can already do this with todays paper money.

There is no guarantee of this at all. The price could go to $100,000/oz perfectly legally. In fact, the day could come when all the dollars in the world won’t buy even 1g of gold and there would be nothing you could do about it.

Take out a federal reserve note sometime and read it carefully. There is no promise of anything besides the fact that it is legal tender. That’s it. You can force other people to take them as payment for debts and use them to pay your taxes. Nothing else. This is in sharp contrast to old notes that said on the note itself that it was a certificate redeemable for a legally specified quantity of a precious metal/

(And by the way, legal tender contrary to public misperception doesn’t even entitle you to any good or service, you can be unconditionally refused at any time. If you walk into a restaurant and they say they don’t want your dollars before you’ve ordered and to get out, you can legally do nothing).

>>22342558
Yes, you used to be able to exchange paper for gold directly with the government at a fixed rate, that's what being "backed by" means

>>22342575
>Is it worth the premium?
I own one so my baby will someday see that Mexico used to be an actual country, that produced beautiful silver. I think the Libertads are probably the best looking silver coin currently made in North America. If you're going to stack silver for a investment, I'd buy literally anything else.
>>22342650
Where I live Libertads are minimum 36 dollars right now.

>>22342681
I know this
he knows this

why would he say you can still do that when everyone knows you can't? He wouldn't, so it must be anon's poor understanding of English that makes them think he did. I assume they fail at english because either it's not their birth language or they're clinically retarded. Either condition is likely here.

>>22342735
The anon who posted the original post was confused, now it seems you're confused too.

>>22342796
I understood exactly what he was saying.
so did >>22342655

you two or three morons are the only ones that didn't get it.

Just FYI did anyone else hear that Forest Fenn, the man behind the legandary treasure bearing his name passed away today? We should honor him for creating an amazing stack to search for. https://www.theguardian.com/environment/2020/sep/08/forrest-fenn-hidden-treasure-rocky-mountains-dies

Look what just showed up! limited to 1000, black proof 1oz silver Echidna from the Australia at night series

>>22341586
I have a single uranium miner in my portfolio but that's about it.

>>22342905
Here's the obverse. I'll have to track down the other designs

>>22342905
sexy

>>22342905
>>22342946
Why was an Australian Coin minted by Niue?

>>22342882
i've always wanted to bury some treasure and let people look. should I do it?

>>22341988
i just laughed so hard at this

>>22342882
>got cancer and wanted to give people an old fashioned treasure hunting adventure in the wild
Damn, what an amazing guy. Did they ever find out who the finder was?

>>22342490
>>22342490
>>22342490
Bump

>>22342976
Another pic. There's plenty of fine details my phone isn't picking up with the ants and the leaves.
>>22342979
Lots of coins are legal tender in Pacific islands but minted here I think. I'll have to dig into it

>>22342998
Its my plan, I ll stash my massive pile somewhere with a treasure map hidden in one of my note books and donate it to a local archive. Someone will find it down the line.
>>22343027
I think they made a deal with Forrest to remain anonymous. Apparently though about a dozen people came within 100m of the treasure.

>>22342735
>"Why do I need to have money redeemable in gold? I can get gold with fiat as well"
<Those are two different things, redeeming and buying are different
>(You) "No he's not confused and obviously meant that you can buy gold with fiat you're the one that's confused"

Well yeah I /am/ confused now, thanks to (You)

>>22342979
Says issued in the name of Niue
Also available in gold https://www.ebay.com/itm/153813677050

>>22342979
You have it backwards. The Perth Mint in Australia mints the coins on behalf of small island nations like Niue.

>>22339547
>>22339520
BHLL STATUS: PREPPED

>>22342140
My ears are ready, speak.

>>22342170
Very informative, thank you.

>>22342184
Thanks this clears it up, on one side you own the gold versus buying gold with no owner.

>>22342199
184, This is what I meant
, I said it this way because we already know that todays paper money is not gold backed.

Thanks for challenging him it helped me see clearly. Not many people can go beyond one layer of thinking(inferring), surprisingly

>>22342225
> if you go to the government and ask to exchange your paper money for gold, they are REQUIRED to do so.

Who is there to enforce these guarantees when I hear stories these last few years of people trying to get their gold/silver from banks and instead they are given the dollar amount(iirc).

> if you go to the government
do you mean my bank?

Also, what if their gold stores are mostly kilos not ounces, how will this problem be fixed if all of the money I have is enough only for ounces and what about a shortage of ounce coins(silver to the rescue, right?) because people hoard or there is an insufficient supply for ~200+ million people

>>22342655
>The price could go to $100,000/oz perfectly legally.

And that is because our paper money currently is going down because there are stimulus packages, and

>this increases prices because more people are spending---

And prices are bumped up because of an opportunity to make more money?

Why don't the prices stay the same and just keep the shelves empty a little longer?

>>22343127
>Its my plan
I saw you posting about it a few threads ago and it reignited the spark of joy I had in my childhood of thinking about hiding all my silver and gold.

>>22339677
After the future overhauls of COMEX, quality control will be done via helicopter ( ie forgers will be thrown from great height )

>>22343136
the way I read it is he's thinking paper backed by gold at a fluctuating market rate. In which case there's no need for the government to exchange the paper because you can already buy gold at market rate.

this is correct. Paper backed by gold at market rate isn't actually backed by gold at all. To back a currency with gold you'd have to fix the price of gold in that currency and then be willing to sell gold at your fixed price.

>>22341586
I am, I intend to invest in it starting next month. I dont have any idea which miner though, need to research. Great bull right after Gold/silver.

>>22341337
Where’d you go my guy I need them appraisals

Best bullion dealers in Australia? So far I've been checking:
http://www.perthmint.com/
https://www.kjc-gold-silver-bullion.com.au/
https://jaggards.com.au/
https://brisbanebullion.com.au
https://bullionmark.com.au/
https://swanbullion.com
Anyone know other decent dealers? I'm trying to get a nice variety of different designs

BOY DO I LOVE WHIPSAWS
MMM-MMMMMMMM
SIGN OF A REAL NATURAL HEALTHY MARKET, THEY ARE

What else could I stack in addition to PMs, /pmg/? Gimme some collectible shit to get into

>>22343756
Zoomers seem to like paper and plastic stuff.
> Vidya (NES SNES etc.)
> Cards
> LEGOs
> Film cameras
> Branded stuff that gets changed due to wrongthink
The list goes on. Anything you think the your generation or the next generation would go crazy for with nostalgia

>>22343756
Ancient artifacts are pretty cool to collect, especially if you're a sperg.

>>22343756
You want something that has actual use and inherent value... none of this junk>>22343818

Get into guns. Hoard guns and ammo. Even knives ffs are better than any of that zoomer junk

>>22343818
Woah woah woah woah WOAH there boy.
Film cameras are tools of art.
They are used to produce.

All that other shit is used to consume.

>>22343487
bullion now are good and have very decent prices often and sometimes get perth mint exclusives.

Goldstackers can be good as well.

MR roberts/wynard coins in sydney often has very decently priced sovereigns and pre decimal not much over above spot among their numismatic stuff.

Best canadian bullion dealers out there?

>>22343879
>>22343935
Listen up bud I won't sit here and be lectured.. my stack of plastic and paper has intrinsic value! I've been watching søyboys and their lust for this shit for years. It will moon mark my words.
Film camera are just okay as an investment you have to use them otherwise the parts might seize up better to use them then resell them. Monetize your hobbies.

>>22343935
the amount of times i've seen expensive, professional last gen cameras with an abysmal lens used by thots to take vacation photos and photos of dandelions on the side of a road ...

>>22344035
Thanks anon good sites. I might start stacking bread tokens kek
https://www.wynyardcoins.com.au/shop/tokens/exonumia/1950-70-s-lithgow-one-loaf-bread-token/

>>22344246
I'd love to get that design on a Silver round.

>>22344035
Holy moly a 10kg silver "coin" with unboxing video. If I make it I want this.
https://bullionnow.com.au/product/2020-perth-mint-lunar-mouse-silver-coin-10kg/

>>22344306
WTF - 17k?

For 10kg Oz Lunar coin I'm paying 16k AUD here in Nazi land and that's with crazy 20% VAT. Are you koala people on drugs?

>>22344392
these coins are so beautiful, got one of these for my son. I'm a retarded boomer faggot who bought basically anything with the year 2020, or the year of the rat/mouse on it. hopefully when he's in his 20's he will appreciate me stacking for him.

>>22339372

this is true, the ancient egyptians only valued gold for the hieroglyphic memes. trust me, if you could read this, you'd be rolling.

>>22344466
no, he will curse your name, for buying boomer rocks instead of investing in cryptos.

>>22344466
Yeah, it's a nice coin. Large coins are boss. In 20 years the world will be very different. At least you think longer than 20 days! :)

>>22344455
Checked. Yes the premiums down here are huge

>>22344520
I think they are matching Euro prices now + shipping because everything is coming to Nazi land... so if you want it you must pay Nazi prices. I can buy everything here, absolutely everything in any quantity I've never seen it like that before. Oz silver and coin is coming out of our noses and ears there is so much.

>>22344466
>>22344455
Czeched

>>22344516
I've invested plenty in crypto currency. I started buying bitcoin in like 2014.

The /pol/ thread about silver just reminds me how clueless people are, more for us I guess.

>>22343487
ABC bullion has the best prices in my experience

>>22344584
I tried to redpill them many times and their replies are always "hurr when the apocalypse happens you won't be able to eat your gold and silver! Just buy canned food"

or

"I have bullets, I'll just be able to murder anyone and take their gold/silver"

The reality, sadly, is that most on /pol/ are too POOR and thus have no wealth to protect or too dumb and won't understand the importance of protecting wealth or both.

>>22344138
>my stack of plastic and paper has intrinsic value!
No, it literally does not. Do you know what intrinsic value means? And the perceived value of those things will plummet once soiboys start dying off en masse

>>22344639
Don't try and help. Fuck them.

>>22344639
>"I have bullets, I'll just be able to murder anyone and take their gold/silver"
they don't realize what a collapse actually looks like, they watch too many movies, they don't understand that the collapse is never just "okay lol no more laws now, do whatever you want".

>>22344659
yeah we don't want massive nazi amounts of /pol/ nazi spammers. Keep it on topic bros

>>22344639
They have been subverted too much to even consider buying something that was used since the beginning of civilization.

Do you think we will see a dip soon like in March in gold/silver? Or should I not wait it out?

>>22344769
wait anon

>>22344714
unironically though, one bullet will be the exchange rate for everything you own, if shit ever actually hit the fan.

>>22344791
bullets will absolutely be bartered for, they will be a desperately needed commodity, but these /pol/ larpers are gonna be dead in the first 2 weeks because they are all dick heads who can't work together and think they can just shoot anyone they don't like. I imagine the people who survive these collapses are thrifty, cunning, and have tight knit support networks, not dangerous lone wolves with a god complex.

>>22344791
>boomer rocks are worthless!
>tries to steal boomer rocks and gets shot.

>>22344837
Absolutely. Unlike them, us PMers know how to cooperate and stick together, we'll always have each other's backs, trading Silver for food if some of us are in need

>>22344714
There’s a whole spectrum of shittiness possible between a run of the mill economic crisis and full-blown anarchy.

This “false dichotomy” FUD is the most irritating. More than even the stupid Elon Musk mining asteroids bullishit.

>but doooood if the economy collapses ull need canned food and bullets anyway not silber:DDDD so just relax man

>>22344584

The Nazis were Keynesians who hated gold, and a large part of /pol/ has neo-Nazi sympathies. Gold is intrinsically pro-freedom and anti-authoritarian. So that's why I tend to think that we'll never see eye to eye.

None of this nonsense, please

>>22344923
>but doooood if the economy collapses ull need canned food and bullets anyway not silber:DDDD so just relax man
this is what I don't get, do they not realize that like 5000 different societies have collapsed without people saying "fuck you, me no like shiny rocks, grug only eat food". Rome collapsed and people in Britain still wanted to get a hold of shiny rocks.

Also consider historic periods of instability and war in Europe. Did PMs become worthless in Germany in Weimar? No. During the French Revolution? No. During the Spanish Civil War? No. During the English Civil War? No.

These were all periods of strife worse than anything most of us can imagine and at a time when the economy and society generally were much less developed than today.

>>22344936
>The Nazis were Keynesians who hated gold, and a large part of /pol/ has neo-Nazi sympathies. Gold is intrinsically pro-freedom and anti-authoritarian. So that's why I tend to think that we'll never see eye to eye.
I agree, we need to let cooler heads prevail.

>>22344837
Why would anybody barter when a perfect system of money, gold and silver exist?

Bartering is what we did before we had fungible, divisible units of exchange like gold and silver.

>>22344967
I can actually conceive of a society in which PMs are useless. But it would involve a total reprimitivization of the whole world such that no civilized nation remained in existence in order for them to actually go to zero and not be possible to sell or trade.

Because consider for example a hypothetical world in which the West collapsed utterly to such an extent that most people no longer had any use for them. Even in such an extreme scenario, PMs would still be valued in the West as an export good to China and India since a (((merchant class))) would spring up overnight specializing in the gathering of precious metals for export.

>>22344392
I have a few of 1/2 oz this bad boys, but damn does the kilo look nice

>i made it too big
oops

>>22345029
>Why would anybody barter when a perfect system of money, gold and silver exist?
why would anyone spend their precious gold and silver when they can just barter? That's the historical problem with precious metals. In real life only kings and other royals traded them and even then it was usually for political power, not goods. The average commoner would presumably never spend a coin if they could barter perishable goods instead and save the nonperishable coin.

>>22344837
it's the lone wolves that will prevent society from recovering IMO, even just a few tens of thousands across the entire USA would be enough to bring aid-distribution and rebuilding to a standstill.

>>22344898
i have my own stash of boomer rocks, but i really do think bullets will be used as some form of currency because they are simultaneously scarce, porbable, intrinsically valuable, and durable.

>>22345096
Yeah I think some people are under a mistaken impression of how much PMs were used by ordinary people especially in a rural setting.

In the beginning of the last millennium, pennies were still minted in silver. If you didn’t live in a town you might only rarely if ever have an occasion to use them and if you had any yes you would probably hoard rather than spend them. In an ironic twist, for most people back then silver coins were a lot like they are for /pmg/ today, and barter filled the role paper money does for us today.

The difference back then was that merchants and big city types used precious metals to do business which they obviously don’t now.

>>22345148
portable* baka now ill get ridiculed by brainlets.

>>22345085
>tfw want to post my stack but nothing I have is really related to my homeboards that I lurk
It hurts bros. For reference; /a/, /po/, /s4s/, /qa/, /wsg/

>>22345096
What the fuck are you on? Once money is established barter really only exists between people that very conveniently have something the other needs and everyone else uses the shiny rocks. Historically silver was the money of the common people (and copper pieces the money of the poor of the poor). A piece of silver was the daily wage for soldier up through the Napoleonic wars. Gold wasn't just the purview of kings and merchant princes, it was what you would use to purchase a pair of draft animals or a tract of land, since that quarter ounce gold sovereign represented months of wages.

>/r9k/
>/fit/
>>22341477
>>22345085

>>22345207
soldiers weren't usually commoners.

but ignoring that, it was no accident people 'conveniently' had what others needed, they did that on purpose. And if your choice is trading food that will go bad or a coin that won't, pretty much everyone traded food.

>>22345085

Hmm, interested in /o/ addition?
have two shitboxes and 244,25 Ag

>>22345207
>Historically silver was the money of the common people

Uh, no. Yeah Roman legionnaires famously received the equivalent of a silver dime as a salary, but consider that even that (being a common soldier paid a teeny tiny silver dime) was actually better paid than MOST jobs. And even then the Roman government was notorious for debasing its silver coinage precisely because of how expensive it was to pay soldiers their salaries.

Those poor people you’re talking about who didn’t even get to be paid in tiny silver dimes were most people in Rome, and later Europe generally well into the 16 if not 1700s.

>>22344936
>The Nazis were Keynesians who hated gold
What is this retardation. They didn't "hate" gold, they just had no alternative but to issue currency backed by something else, since every single ounce of their national reserve was seized after WW1

>>22345085
I'm from /qst/

>My stack

>>22345207
also of course owning land was illegal for commoners most of that time, and unaffordable for the rest of it. Only very recently have people been allowed to own land without being born into a noble family.

>>22345132
Lone wolf wannabe 'aPeX pReAdAtOrS' are a non-issue. The sort of people that would be okay with gunning down random people and taking their shit in an apocalypse are the same ones who currently do that right now. The people LARPing about being raiders on message boards are the same sort that burn themselves alive on tape with their shitty molotovs at protests and only manage to shoot people ostensibly on their side.

How long do you think the average highwayman lasted in the bad old days when his bullshit wasn't most people's problem? How much shorter do you think the modern version is going to last when he snipes some guy hauling water for 2 cans of beans and brings down the rest of his community on his head? Even if he finds other thief scum to run with they're just going to bring down more heat on themselves by being a nuisance to the people trying to make something. What do you think the origin of the RWDS is?

>>22345198
>nothing I have is really related to my homeboards that I lurk
>/a/, /po/, /s4s/
i believe in you, anon

>>22345281
fuck yeah we do. /o/ has been in here for a while. I can only think of one pic with an auto, and it was yukari anon (but a bit somber iirc). I'll keep this thread open and manage it if no one else picks up the torch.

>>22343756
Honey
Scrap electronics like RAM sticks and motherboards for scrap gold

>>22345321
not going to be possible to ID who is doing the lonewolfing though, even a 10/22 with any kind of optic is going to be able to get center of mass hits at 150-200m, and that's well beyond the distance you'd be able to even tell where the shot came from. also no forensics. i think it's going to be a lot badder than you're making it out bro, wayyyyy too many guns out there, atleast in the US.

>>22345207
>Gold wasn't just the purview of kings and merchant princes, it was what you would use to purchase a pair of draft animals or a tract of land, since that quarter ounce gold sovereign represented months of wages.

Most people didn’t own (large) animals or land tho (I mean obviously it depended where you were, but I’m thinking of medieval England). The average country person paid for their right to cultivate land to their lord in agricultural products and might also sell some of these products to obtain what they couldn’t raise or make for themselves. AFAIK the use of metal coinage increased substantially from the 1600s onwards, but before that it use was relatively uncommon except among the at the time relatively small urban population.

>>22345343

Alright, it's a Civic so it should be as common as a /O/ shitbox goes

>>22345292
Legionaries received way more than a single Denarius as a daily wage and were pretty well compensated until the fall of the empire. One Denarius was the going rate for a day laborer working a harvest. Most people in the labor pool of the Roman heartland weren't getting paid in anything because they were literally almost all slaves, which became a serious problem. But that's beside the point because I'm starting to think you don't know what the phrase 'taking the King's Shilling' meant. Literally until the draw downs after the Napoleonic wars, the English paid their line infantry 1 shilling per day. The poor people in England (who were still dying of exposure and hunger regularly) were lucky to get a few pennies while begging. Actual tradesmen used silver on a daily basis.

>>22345271
Plenty of line soldiers were commoners and were paid a tiny bit of silver a day. The reason we remember the Legionares is that they were much better than rabble armies and were paid more to reflect that.

>>22345316
Stop moving the goal posts and inventing factoids. Gold was absolutely used for purchases that would cost the equivalent of a few months low skill labor. No shit, a yeoman paying tax in wheat wouldn't make that purchase, but his industrious neighbor that built a cider press might. Unless you think his neighbor had one for barter, the ability to trade money for enhanced earning potential was a huge use of gold for the 'slightly uncommon' commoner.

>>22345321
Exactly this. Everyone glorified Berserkers as mighty warriors during the Viking Age. What they ignore is that the Vikings eventually got so tired of their bullshit (thieving, raping, and being an armed menace to communities) that they completely exterminated them from the face of the earth. This country has too many fucking guns and too many people that know how to use them for those types of dipshits to last long, especially considering that there is no loyalty among thieves, and all you would have to do is pay one of his lieutenants (or bounty hunter for that matter) a small pouch of silver to put a bullet in their heads.

If push comes to shove, you'll see the emergence of law enforcement agencies like the Pinkertons who will arrest/toe tag "raiders" for the right price. Fun fact, the Pinkertons are still around and owned by Securitas AB.

How much will my 1oz coin be worth in a years time?

>>22345490
the simple fact that Rome consistently allowed private mints to counterfeit small coins out of lead and copper is proof enough that metals didn't circulate.

but if it makes you happy to disagree with history then by all means carry on. It doesn't actually matter. It will have no effect on your life. If society crashes people will certainly take your precious metals in payment for whatever you need. You'll just have trouble figuring out why nobody is paying you precious metals for anything you choose to sell.

>>22345538
1oz

>>22345415
You are not a day over 14 years old and you need to stop fantasizing about being a bandit, because on the outside chance you get a chance to do that and go for it, you're going to kill one person and then die. You're talking about a lone shooter picking a fight with some random stranger. If he's lucky he kills a man with no other friends, family, or network in the area. If he's not lucky, everyone in area now knows that there is a lunatic marauding along the roads. You are now facing a platoon sized group of men grid searching the hills for you. If you're operating as a bandit in an area you don't know, they're on better footing. If you're operating in an area you do know, then you're a fucking idiot because you just shit where you eat and people are going to figure out its you when your drunk cousin lets slip you've been hiding in the woods and playing soldier.

Even worse for your future raiding dreams, after the first 2 times a guy dies on the roads, they start moving in well armed caravans, which means your choices are now either get a gang together and try to outmatch them with surprise and volume of fire, or literally just stop being untersmench and be productive. The only time anyone got rich via non-white collar robbery was as a privateer. COD kiddies with murder fantasies won't be able to hack getting rained on, let alone return fire.

>>22345085
>someone actually saved my Warhammer figurines pic
I'm working on some new models, might post them later, protecting the silver treasure.

>>22345654
based

>>22345302

This is a falsehood. The Nazis banned private ownership of gold. As Howard Buffett says in his 1948 speech, that's the practice of every authoritarian regime, because it makes each citizen effectively a slave. When you can't own gold, you have no sure store of your labour; and the government can confiscate your purchasing-power at will via inflation. Which is what the Nazis did in making their welfare-warfare state. The people starved, while military spending took up 35% of GDP.

Stop falling for the bait you guys, come on. We're better than this.

>>22345654
technically and spiritually, this answer is correct.

>>22340943
sell your silver to me

>>22345708
somehow every thread gets derailed by the same conversation, arguing about what a regime that ended more than a century ago would think about you owning a ounce of gold. kind of silly.

>>22345343

/O/ contribution

But how will silver/gold get me a house?You telling me i'm giving the land lord some bars of gold?

>>22345605
Goddamn you are pretentious. I thought your posting looked familiar and then I realized you're the same guy that earlier this thread was too autistic to understand what 3 different anons were trying to tell you, and sperged out on them about how they didn't know how to speak English. The fact that someone disagrees with you drives you up the fucking wall, and because you're on the spectrum you cannot understand nuance and unexpected reasons for things in history.

Rome tolerated people making not only private coins and counterfeits (despite having laws on the books) precisely for the same reason that they ended up debasing their silver coinage into plated copper. Rome's economic heyday was under Augustus, who took a pretty laid back attitude to economics, allowing relative freedom of moving between trades and a overseeing grand building projects. The problem was that Rome's system was predicated on plunder, and as the years went buy the influx of foreign money, slaves, and goods taken by force declined. The fact that so much labor was done by slaves meant that the poor freeman was priced out of the labor market, and when the flow of foreign capital dried up, so did the ability of the cities to support their free poor. It was to try and fight this spiral that the Romans tolerated private mints 'increasing the money supply'. As this went on, it became illegal to leave the trade of your father, or to move from your province, and Imperial price controls were established. This naturally made things worse. Money stopped circulating in post Augustinian Rome because the plunder based economy dried up, but because no one had a use for money.

>>22345846
>bars
in 3 years you flick him a half oz coin

>>22345840
kek nice

>>22345851
>The fact that someone disagrees with you drives you up the fucking wall,
it's literally the only reason I lurk here.

you idiots are amusing if nothing else. Are you the same moron that was arguing with me before? I'm not going to bother to check, one moron is as good as another here.

>>22345695
Total ahistoric lies. Reich currency derrived value by labour which afforded no competition with central banking. They didn't ban gold to enslave Germans but to ensure the success of their new (and temporary) currency. Weirmar Germany, not Nazi Germany had out of control inflation and starving citizens and that was with a gold-standard system. Nazi Germany flourished and the middle-class boomed, begone kike

>>22345930

Thank you for proving my point:

>>22344936

"The Nazis were Keynesians who hated gold, and a large part of /pol/ has neo-Nazi sympathies. Gold is intrinsically pro-freedom and anti-authoritarian. So that's why I tend to think that we'll never see eye to eye."

>>22345930

By the way, your virtue-signalling lies about "currency deriving value from labour" are exactly the ones which Nixon told when he took the U. S. all the gold standard.

https://www.youtube.com/watch?v=4-cB1Z9qceI&ab_channel=ChessCoach

If you can't see that, when you give the government power to debase your money, you become a slave, then you are a fool, and you don't belong in a thread about precious metals. You idolize a man who enslaved his people, and led them to death and ruin.

Can you morrons stop talking nazis and Rome? It's pmg not pol

>>22345930

By the way, your virtue-signalling lies about "currency deriving value from labour" are exactly the ones which Nixon told when he took the U. S. off the gold standard.

https://www.youtube.com/watch?v=4-cB1Z9qceI&ab_channel=ChessCoach

If you can't see that, when you give the government power to debase your money, you become a slave, then you are a fool, and you don't belong in a thread about precious metals. You idolize a man who enslaved his people, and led them to death and ruin.

>>Nazi Germany flourished and the middle-class boomed

This is objectively a lie. We've been over this again and again in this thread.

https://mises.org/library/starvation-and-military-keynesianism-lessons-nazi-germany

"Evans, a Marxist sympathetic to Keynes and state intervention, nonetheless tells a story of rationing, shortages, and misery in the Third Reich. The Reich Food Estate, the state-controlled corporation responsible for agricultural production, regularly failed to feed its people. Agricultural output rarely surpassed 1913 levels, in spite of 20 years of technological advancement. Demand outstripped supply by 30 percent in basic foodstuffs like pork, fruit, and fats. That meant that for every ten German workers who stood in line to buy meat from the state-owned supply depots, three went home hungry."

"New houses had to be built with wooden plumbing, because iron was so scarce. Nationalized iron depots couldn’t produce enough for the army, let alone civilians. Clothing was rationed. Fuel and rubber shortages led to what one US observer called, “drastic restrictions on the use of motor vehicles.” Of course, because the state dictated which car and truck models could be produced, there weren’t very many motor vehicles to begin with."

>>22345903
>I'm not going to address that I have no clue about the decline of money velocity in Rome
>I'm going to pretend that this decline was because no one below a villa owner used coins
>I'm going to ignore that we can reconstruct the series of choices that the emperors made that ossified an already non-productive system and reduced velocity to the point where we can see a year over year decline in trade via shipwreck numbers
>I'm going to act like no one in history ever traded PM for farmed goods despite literally having cuneiform tablets from Babylon that predate trigonometry describing selling produce and sheep for coins
>I'm going to pretend that there aren't fair metal prices for goods listed in Hebrew law
>I'm going to do all this, and be a smarmy cunt that lectures people for not knowing history when the last thing I read about Rome was in a 7th grade social studies class.

We need captchas based on reading facial expressions for these faggots.

>>22345967
>>22345996
>give the government power to debase your money
No, you give private central banks the power to debase your money. But cheers for admitting to your sophistry

>>22346020

So what are you saying. That private central banks owned the communist countries? That private central banks owned Nazi Germany when it was starving its own citizens, building a welfare-warfare state, and leading them into a ruinous World War?

Should I pay more or less for 2004 silver eagles that are kinda scratched and dirty and a few with spots and light brown toning? Paid 660 a few days ago for a tube.

>>22346130
How much is it compared to new ASE ?

Keep shitposting Nazi Germany and Rome, i find the debate interesting

>>22346151
They were all 660 and I bought them all. Various years 2018 2019 and 2004

So I got my first ever delivery of silver coins. Should I open the seals and check the coins or keep them sealed?

>>22346177
No, they need to go to /pol/ and carry on from there
They can link to their thread on here and that's it

>>22346365
Keep them sealed, or open just one if you absolutely want to jerk off while looking at your shiny rocks

>>22346365
Do whatever you want, the value is in the metal, not the warranty. If you want to check if it's legit it's better to weigh it and leave the seal so it can't be ''tampered'' with, but in all honesty you could take the things out and bend them all out of shape and still have the same amount of metal as you started with.

>>22346375
If it's about the history of PMs it's relevant

>>22346376
I'm not an economist but that can't be good

>>22346395
>>22346392
Okay, I'll get myself a scale and weigh them. Any idea how much the plastic they're stored in is supposed to weigh? Or am I being too specific

>>22346507
You're looking for rough weight, if it is what it says then it'll be roughly what you expect plus a few grams for the obvious plastic. You're not looking for the fineries, you're looking to see if what you have is like 7oz over or under what you're after.
If those are Asahi's like it looks like from the jap seal, then you really don't need to worry that much (especially if you've ordered them from a site); using different metals is more of an issue you need to look out for from shady bullions or ebay seller AhmedAhmedi29457 who joined 3 hours before you bought.

tl;dr take a chill pill

>>22346507
I think you can find it on internet

>>22342022
What kind of gain do you think is left in Discovery metals?

>>22346626
>>22346621
These are 2020 Kangaroos. They're bought from a reputable place (goldsilver) so I guess I shouldn't worry that much. I'm just new to this and would like to be all proper about it lol. Thank you for the help anyways

>tfw made something for next OP
>>shit's still rendering because the fucking things won't go under 3MB, 4chimps shitty filesize limit
Do me a fave /pmg/, don't make a new thread for a while yet just because we've hit bump limit, I'm on it.

>>22346621
> Jap seal
Isn't it a Perth Mint seal?

>>22346722

No need to worry , I had quite a bit of orders from them and they always delivered the goods. ( I do weight and magnet test my PMs)

>>22346746
Yeah, got it mixed up with the Kadokawa logo, my bad

>>22346779
Alright. I'll take it easy then. Do you always open them and test each coin individually? What are the arguments for and against opening a packaging, meaning: does opening a packaging make it more difficult to liquidate or something?

The silverfields of MEXICO... home...

>>22342022
Maybe. Current miner prices don't match the current metal prices though, investors are expecting a big metal pullback so they haven't mooned the miners yet in my opinion.

>>22346814
>>22346814

I open them up , count them, and test them individually. Bot honestly that's pretty autistic and unnecessary. Especially with such a reputable dealer.

For:
You get to check the coins, test if you wish, play with them if you wish

Against:
You brake a small piece of shiny tape
Minuscule time wise set beck if you run into an autist that'll want to test all the coins before buying them

No it won't be more difficult to Liquidate them, Silber is Silber, also you might want to liquidate a few coins, not all of them

>>22346814
It's more about protecting your assert but since they are minted aplenty I would only be concerned about the melt value (based on the spot price of silver) versus the numismatic value of the coin (condition, rarity etc.) If you're completely new touching is a great way to achieve familiarity with the coins.
You can measure and weigh each one and do the ping test too if you want.

>>22346931
>>22346927
Thank you again for the good answers to my newbie questions. I guess I'll weigh each of the packagings and if they weigh the same amount I'll open one of the packagings and check all of the coins inside individually

Enjoy /pmg/ bros, might have just been a quick project, but seeing all the other stuff people have been making, I almost felt guilty I've been making stuff for my other lurks and not much for this one.

New thread.
>>22347009
>>22347009
>>22347009

>>22346995
Also you'd wanna take photos and post them in /pmg/ threads

>>22346995

Do use gloves if you want to keep em shiny

>>22339544
What does it mean!? I don't know but it seems important. To me, and to kek.
Capped it