/biz/ - Business & Finance

>>22788221

Waiting for the dollar to crash

>>22803522
Fedcoin incoming.
https://m.youtube.com/watch?v=gKksRgyXu5c

>>22803477
weak image

Show your cheapies!

This was all that was in my budget, just another week of low prices please silver gods

>>22803605
Picked up during this dip :)

I reckon we could have a few months of cheapies at least before everything starts falling apart at the seams again.

>>22803672
Heh. Just analyzed and catalogued the fingerprints visible on the cast bar. Zeroing in on your position as we speak fucko

I really love these PANMAN tablets. I only got them for the memes but I would surprised at how good it looks in silver. ABC bullion's finest Mint yet.

>>22803477
Thats a guy

>>22803672
>a few months of cheapies
Pray the goddess be so kind. I need muh stacks.

pls explain

>>22803757
Silver bursting out of schlomos grasp, getting stronger each break out

>>22803715
Very nice. Still don't own any aussie bullion

>>22803581
Who’s the whore?

>>22803931
>whore
Risa Nito.

>>22803715
O man thanks for posting these again, I ll add them to my ever growing wishlist of coins / bullion to grab when I find the time.

>>22803704
Based CIA anon

Anybody loading up on miners today?

>>22803477
>White trash

As for me and my house, we shall serve the Asian goddess.
I'm stacking for Asian waifus

>>22804515
>start the van Jeff

>>22803893
Or we are going back to single digit numbers and it was a fake break out.

So been reading into this and it truly draws me in. What should be my first pm? Thinking silver then platinum?

>>22804845

Let it fall. The lower it goes, the sooner demand for physical is overwhelmed.

>>22804873
You are on the right track anon. Silver is leverages high so if silver gets to a lower silver to gold ratio, you can shift some funds to gold. Also, platinum sounds good, but it is up to you.
Tldr, silver should be your largest position, then platinum or pladium, then gold.

Somebody asked yesterday why the miners were going up when silver was going down. I answered that the miners never reacted even to $21-dollar silver in the first place, never $29-, and that the underperformance in the miners was unprecedented. Good new graph from Patrick Karim here showing this to be the case, for anybody still doubting whether or not we are at rock-bottom.

Somebody asked yesterday why the miners were going up when silver was going down. I answered that the miners never reacted even to $21-dollar silver in the first place, never mind $29-, and that the underperformance in the miners was completely unprecedented. Good new graph from Patrick Karim here showing this to be the case, for anybody still doubting whether or not we are at rock-bottom. This compares the present miner bull-run with the 2016 one, in which silver only got to $20.

>>22805021

Karim is also suggesting that we have now hit a bottom in the silver juniors, and that the miners will now begin to diverge from the paper price of the metal.

It’s often stated on /pmg/ that paper money doesn’t hold its value. And I agree with this in general, and in theory: a dollar in your bank account today will not be as valuable in a decade or three’s time.

But, ironically, this doesn’t seem to be literally true of actual physical banknotes. Especially if you take care of them, old banknotes are highly valued collectors’ items. I guess precisely because they’re so flimsy, easily destroyed and when new of so little intrinsic value that after only a few decades have gone by, they’ve already become rare and hence valuable.

This is perhaps less the case in the United States, but for example Series E UK banknotes that have been withdrawn are already rapidly gaining a premium. Irish pound notes withdrawn after the euro was introduced were mostly totally destroyed so even a £10 can sell for $50 as a collectors item. Early 1990s South African banknotes if they’re nice crisp and uncreased can fetch a pretty penny even low denominations like R10.

Might be worth putting aside some new physical banknotes, even if technically fiat is going down?

>>22805036

And, of course, everybody should remind themselves of this chart. Miners have almost never been so undervalued in human history. And this time, we'll go, not merely to 1984 levels but beyond them. What your entry-point now is pretty much meaningless in the long-term.

>>22805036
So the time is literally now to get our house in order re: silver miners. The window to buy cheap is rapidly closing?

>>22805048
You can. It will be only pneumatic value of you get the new updated designs for bank notes. It will be like the Zimbabwean trillion doller bill or Libya's currency only Gaddafi where the only value is that it is a part of history.

>>22805092

If I had any cash left I would simply buy right now. The miners might go down again, but, when you look at how cheap they are, and where they are going, it seems better to me to be in the right position in case of a black-swan event (banking crisis, COMEX default, decoupling from paper silver, bonanza drilling results, etc.,) than to keep jumping in and out and sitting on the side. In the end, it's not about your entry-point, it's about whether or not you are sitting in your chair when the game of musical chairs stops playing. Ultra-bears like David Brady are suggesting that miners may still crash further, but even he is beginning to average in.

>>22805048
In doing so you are speculating that extrinsic value will be added to the dollar faster than the purchasing power of it deteriorates. Although not so far fetched, I would argue that due to the extent of brrr that it is much riskier than in the past and, will likely at the most only yield you similar returns to that of silver, but at a higher risk. Not a bad idea to keep a few bills lying around though

Someone pill me on Yamana gold, I've seen an Anon write something about it a few weeks ago, but I forgot to screenshot it.

>>22805149
I have only a little bit of dry powder left. I know you advocate (with good reason) for Impact, Bayhorse, Fireweed, Dolly Varden, and Silver One. I have core
positions in all of these, as well as core positions in Aurcana, Klondike, CCW, SILJ, Discovery, Defiance, PSLV, plus a few smaller speculative plays. If you only had a small amount of extra $ left, what would you recommend at this very moment?

Just ordered my 4th austrian philharmonic 20 oz tube. I am really not a fan of coins design and would prefer some variety but that's cheapest available silver at my vendor.

>>22805267

Depends on what drops the most at the market open. There are going to be some real panic-sellers today. I'd ordinarily say Vangold, because they just announced buying their own drill, but, if any silver stocks absolutely crash today, they might be preferable.

>>22804775
This. My entire Dragon hoard will never be bestowed upon a white roastie, East Asian girls only

>>22805624
based.

>>22805604
There must be some extraordinarily weak hands (and small brains) to be selling miners considering what is being done to world's reserve currency right now. The writing seems to be on the wall for the dollar, and investors are still chasing Tesla and Apple instead of positioning themselves for what is around the corner. Maybe I'm uninformed but I just can't comprehend how little attention is being paid to metals.

You don't really think you'll win, do you?

>>22805954
does robinhood have miners on it? new to stocks

>>22805167
I recently discovered I have a pile of Chinese paper money, most of it pretty recent, but some of it was issued in 1980.

Probably too much of it still around to be rare yet, but maybe if I hang onto it for another few decades...

I hear the Chinese are going hard with the cashless payment meme.

>>22805998
Dollar Index is going parabolic.

>>22806025
They are. Those will be antiques if taiwan #1 gets annexed. Have some notes in that if you can or Hong Kong

>>22805954

You have to consider the mindset of the average person. Most people would be frightened even to put their currency in gold bullion. They would see even that much as "risky." They are so ignorant of the financial system that they think their money is "safe" in the banks. As for gold mining stocks, Newmont or Barrick is about the only thing in their field of vision, and that's if they even trade stocks and shares; which the vast majority of people don't. Junior miners are some sort of frightening nightmare world which they could never even consider. First of all most of them trade on the TSX, and aren't on Robinhood; secondly, they think that mines go bankrupt every other day, and that they will lose all their money the moment they invest. They don't know about the COMEX, all the financial figures we follow, the debt-trap, how the world monetary system works. They don't know who Peter Schiff or Mike Maloney or maneco64 or Gregory Mannarino or Rick Rule or Eric Sprott or any of these people are. They don't know about ceo.ca, and how easy it is to investigate these companies. Even on /pmg/ most people didn't talk about mining stocks until a few months ago. I was the one who introduced the "silver-juniors-go-up-150x-in-a-bull-market" figure; that's still esoteric knowledge for 99.99% of mankind. It's really a lack of education. I doubt the people chasing Tesla even know what a P. E. ratio is. They are simply desperate and scared and greedy and don't want to get left behind.

>>22806054
Funny you mention it, actually I have a Taiwanese 100 dollar note. I went to Hong Kong before too, but didn’t think to keep any of the paper money...

Your right of course, fewer things are more certain than the HKD passing into history, and maybe even before 1947. Might be worth even buying the current series online just to keep.

>>22806180
2047*

>>22806180
These are probably a slightly better investment- or the large notes from the 70s may net you a better gain. Paper money as a collectible tends to have greater rarities than coins, which is ironic I suppose since we all like PMs here

>>22803477
Where's the faggot who borrowed money on a credit card to buy gold at $2,000/oz because he 'knew' it was just going higher?

Getting raped in the ass everyday AKA holding silver

>>22805998
Never forget the massive dip before the rocket shot to $29.

Will we see £14 / $18 oz silver again? Should I hold my cash for it? If you dont think it will go lower, why would you think this?

>>22806239
That makes sense, and yeah the old notes from the 60s to 80s are still affordable enough that you can get them at not crazy prices and they will probably have maximum nostalgia appeal and attract the big premiums later on.

I kinda want the 2000s notes too though. Just as a memory of the time I was there.

>>22806307
my crystal ball tells me, it is 49% chance silver goes up and 49% chance silver goes down, the other 2% could be a big bang

>>22806239
That one is from the 1940s!

When I was in Hong Kong actually they had the really old notes from before the First World War. Those must cost a pretty penny and might be out of my price range then again they’ll only go up.

>>22803477
stack of SAFEX? ummmmmmmmmmmmmmmmmmmmmmmmmmmmmm

>>22806374
>they had the really old notes from before the First World War in the museum* I meant to say

>>22806135
In the US, in any urban or suburban area, you can literally throw a rock and hit a financial services office or investment advisor. In some areas there are literally 5 or 6 in a square mile. Are all these people asleep at the wheel? If so, and they come flooding into the miner space in the next few months or year or two, then wow.

>>22806335
Might want to see if you can locate a specimen note then. They are considerably rarer and even if they made billions of the note itself the specimen will be only a few pieces, so it will always be rare.

>silver is just an industrial metal that doesn't behave like currency

>>22804873
silver is the most addicting pm

>>22806399

Financial advisers are pretty worthless from what I have heard. They pretend to manage people's portfolios, but what they really do is stick the money in ETFs and index-funds. They are herd animals who simply want to avoid trouble. I think that a financial adviser losing all his mother's money was what caused Mike Maloney to start investigating gold and silver in the early '00s. At any rate, yes, they will be _forced_ to come to the miners sooner or later. 0.5% of all portfolio composition is gold + mining stocks now; if that goes even to 1 or 2%, fortunes will be made for those who are already in. But it's going a lot higher than 1 or 2%.

>>22805048
I've been collecting banknotes for a while now. It's fun, for sure. But among the excessive number of things I collect, banknotes are among those that I least expect to profit from.
It's definitely fun, though, because there's a huge variety and the research involved merges history and economics. Who doesn't love merging history and economics?

>>22806482
You described my experience with portfolio managers very accurately. I pulled my money out when my advisor warned against investing in GDX ("too high risk, don't do it") and instead recommended simply staying the course with some tech funds because "the FED isn't going to let anything bad happen."

Just throwing out a question. I know a lot of us are invested in miners but what other things are we invested in? Im brand new to finance, but I'm invested in a couple index and mutuals with black rock and vanguard and im also dabbling a bit in crypto. Pms are the core of my personal investing though. Just wanted to see what other similar minds were invested in.

>>22806643

Hahaha. Just makes me laugh that my mindset instead is: "Tech stocks--high risk gamble with little upside, don't do it. GDX--really good investment, but too safe and boring for my taste. Ultra-leveraged sub-200-million-market-cap junior silver miners? Yes."

the endgame approaches

>>22805997
Not a lot of the individual juniors. Those are on exchanges that aren't the nyse or nasdaq, and usually cost some sort of commission to trade on. Td ameritrade will have them

>>22806482
Unfortunately that is the most sensible approach for many of then to take. When your clientel is hiring you because they do not know anything about money, if you go against the orthodoxy and end up being wrong, your ass is fried. But if you copy what the big guys are doing and they end up being wrong, you have plausible deniability. It was an anomaly, even the big guys on wallstreet couldn't see it coming.

>>22805997

You can buy the large-caps (Vanguard indices: GDX & SIL) and mid-tiers (Vanguard indices: GDXJ and SILJ) on Robinhood, but very few true juniors. The only good one I know is Golden Minerals (AUMN). Some smaller-cap producers or near-producers are available, like Great Panther, Alexco, and MUX. If you don't know what you're doing, stick to the Vanguard indices.

>>22806867

Strange to say, this is why, when all is said and done, people will have found more truth on an anonymous message board full of deranged bullies and moral degenerates than from the men who wear suits and ties and look respectable. Because everybody here is a free person with freedom of speech.

>>22806989
It seems that PMG, at least from what I’ve seen, is not filled with degenerates. I would feel comfortable saying that the majority of us are good people who want to secure their family’s future financially. We aren’t here for “dank memes.” Many of us aren’t looking for money to blow on vanity and frivolous things; just trying to care for ourself and our own for the next couple generations.

>>22807068
You're right anon. I just want to live a simple and peaceful life (dank memes can be fun though)

Frens, this Jeff Snider guy is brilliant if you want to get into the weeds on what the Fed is and does. Honestly, some of the talking heads in the PM space are kind of retarded when it comes to this topic as I am learning. Only after I've heard an actual explanation of the workings of the banking system do I see just how short the PM guys fall. I'm still a long term gold bull, but I think people are going to get demoralized listening to some of these guys that really don't understand the Fed and the issues right now and are making dumb short and mid term calls and people get upset when things unfold differently.

Give this a shot. Very interesting stuff to learn about.
https://www.youtube.com/watch?v=9GS6d0tZuzw

>>22806867
Seems like a feedback loop where everyone is just copying what everyone else is doing without understanding why anyone is doing it.

if i buy a kg of silver, will most americans understand what that is? or will they protest me?

>>22807378
Someone who's trading metal internationally will probably know what they are doing.

>>22807374
This is TA in a nutshell. You can literally predict now where stocks may go in the short term because everyone is looking at the same indicators and buying/selling predictably at certain indicators that everyone else also sees and acts on. It's self-fulfilling prophecy. Not 100%, but enough. The next level is then big boys knowing people will trade on certain indicators and then front running the trade screwing everyone else.

>>22807378
Also does europe not use troy weight?

>>22806696
Crypto lol. Once my miner portfolio is higher I plan to add telecom and energy to my portfolio since I'm around 38k in crypto and 2k in metals

The oracle has just spoken. I generally have to listen to Andrew Maguire several times before I understand fully what he has said; but, if I understand him correctly, he had three main points to make today:

1) The smashes in the price right now are an attempt by the bullion banks to cover their short positions;

2) J. P. Morgan has, surreptitiously, acquired the greatest physical silver stockpile in human history, even greater than that of the Hunt brothers;

3) Andrew Maguire and others intend to raid the COMEX in December, and bankrupt it by taking off every ounce of physical silver which they can.

https://www.youtube.com/watch?v=fCGpgND6U_A&ab_channel=KinesisMoney

>>22806696
I'm holding physical, but until there is stimulus, I'm bearish on equities and paper. We are experiencing severe deflationary pressures. So as a stacker, I literally bought UUP and TLT, which is pretty contrarian. Maybe I'll be right or wrong, but I sold my miners and will pick them up later after there's more indication of stimulus. Pic related so people don't think I'm bullshitting or posting in bad faith. I'm not here to demoralize as I'm an avid stacker myself. I'm just trying to provide some light in these dark times. There's lots of bullshit and misunderstanding on all sides.

So what got you into metals over other options?

>>22806307
My magic 8 ball replied "maybe"

>>22806307
Wait for another recession to hit and we could see $9 again like in 08.

>>22807516
Correct me if I'm wrong, but wouldn't this news be cause to send JP Morgan's share price exponentially higher?

should I get 90% dimes at spot or 40% halves at 2% less than spot

>>22806700
gold is nasdaq
silver is TQQQ

>>22807546
shiny

>>22807597
>another recession
we're only in the beginning of this depression. we've seen one leg of it and it was papered over with stimulus. the real damage is working its way through.

>>22807516

Another point which I didn't mention:

4) Physical silver is still in extremely short supply. Nobody can get hold of it in the tonnage and size they want. Maguire says that this is because J. P. Morgan was given carte blanche to front-run everybody else, and has now cornered the market. The pressure of demand from the physical market is what is going to cause a furious December raid on the COMEX.

>>22806643
>because "the FED isn't going to let anything bad happen."
How long can the FED just continue to pump the stock market? They can't do it indefinitely like their say.

>>22807697
Get the dimes. Some people say silver is silver, but within reason. Try to sell some silver buckshot. You'll get cheated. 90% is much easier to deal with and are more liquid.

>>22807754
>>22807516
screencapped - COMEX will never default

>>22807681

I'm not sure. Warren Buffett is presumably an insider, and had good reason for dumping them. He's investing in silver in other ways, e.g. via Barrick Gold (which has a heavy silver component) and via several Japanese companies (like Sumitomo, which owns the San Cristóbal mine in Bolivia, which has 450 million ounces of silver). Perhaps fears that the Department of Justice will go after them? I have no idea.

>>22807796
My thoughts as well, thanks

>GDX is down in premarket
>while I sit on leveraged calls
It's all so tiring

>>22806289
Yeah, but also don’t forget that for a little while there it looked like the world economy as we know it would be completely shutdown due to a viral outbreak. Panic selling is not the same as a blowoff

>>22807853
Too early, fren. The PM talking heads are wrong about the short term. They fundamentally don't understand the Fed and spout meme advice. They get a lot right, but the mechanics wrong, so they blow short and mid term calls. Until Congress acts, the deflation head winds are working without much opposition. And if we get short term bumps from stimulus, it's still net deflationary long term, because it crowds out legitimate business activity. I think this stimulus has really given people too much of a sense of normalcy, because it has masked just how much damage has been truly done and eventually that is going to show up as deflation. It's only after Congress authorizes really crazy monetary policy and unshackles the Fed to do what everyone says they have already been doing...but actually aren't. THAT is when we will get into hyperinflationary possibilities.

>>22803576
Based Rollercoaster Tycoon.

>>22808015
Yep. I accept it. Gotta take my lumps now. It will probably bounce back up to the 40s I imagine but man I am missing out on so much cheap miner stocks because I am out of my margin maintenance now

>>22805213
Just play Medal of Honor: Rising Sun. You'll get the gist of it.

>>22808015

It's foolish to sit out of precious metals and miners either way. Yes, we're going to get deflation in asset-prices if the Fed doesn't turn the money-printer back on. The stock market would crash 90%. Every bank in the world would get wiped out, along with everybody's savings inside. All faith in fiat money and mainstream institutions would be completely lost. In that case, precious metals win. If, on the other hand, the Fed and Congress do turn the money-printer back on, whether to halt the stock-market crash or to bail out the banks or both, PMs and miners will soar and never look back.

Incidentally, don't know if you saw this yesterday:

https://twitter.com/CNBCnow/status/1309210689165238272

CNBC Now
18h ago

House Democrats prepare new $2.4 trillion stimulus plan with enhanced unemployment insurance, direct payments to Americans, Paycheck Protection Program, small-business loan funding, and aid to airlines

https://ceo.ca/popular

@JamesWood | We are very likely getting a stimulus, and the heroes' act. That's over 5 trillion dollars worth of USD flooding the market these coming months. In addition, looking at the trillions sitting in bonds--panicking out of those should occur any day now. As a result, where will people send their money, given the coming collapse of USD? Gold, Silver, and other PM. The correction recently was needed, but it was also our greatest opportunity to buy. Good job to those that loaded up.

from #gold, 24 Sep 2020, 21:14

>>22805325
The back is based with the Osterreich, but I wish they would have something other than violins on the front, like a Panzer or something. That would be sweet.

>see Aurcana down 6%
>click buy
>jumps 2 cents right before my order goes through
Jews

Canada Silver Cobalt Works and Discovery Metals are down 3% this morning if anyone is looking for a little bit of a bargain.

Silver One is up 16.4% at the open. Seems that people are losing faith in the paper games.

>>22808398
I'm out of powder now unless I dip into my margin.

>>22808317
Dumbfucks who use market orders deserve to be used by da joos

Bought First Majestic yesterday, down 5% today. Oopsie.

>>22808400
What was this Bear Creek Resources you were discussing in comparison to DV?

>>22808184
I did see it. So I am staying by my phone to make a quick switch if need be, but I'm not confident yet it will get done. If the voter ID and illegal immigrant clauses are in this bill, it too will get voted down. Are they really going to submit a clean bill 6 weeks before the election? Stocks taking a hit helps them more than stocks recovering. I'm not quite convinced yet. It's definitely a possibility and I am keeping my eyes and ears open.

>>22804775
Wow look at those balloons

>>22808546
It's just due to them formally going "Oi what the fuck m8" to the Mexican government. Worst case scenario is they get nothing (like they currently have), best case scenario is that they get a sweet ass tax break. Bound to go up after it's out of the news.

>>22808610
So essentially it's nothing? They can only get a benefit from it? What caused the rally yesterday? Investors assume that they'd get the tax break?

>>22808557

I made a comparison of BCR with with DSV (Discovery Metals), not DV (Dolly Varden). The comparison was: Bear Creek Mining has half a billion ounces of silver in the ground; so does DSV, so far as I am aware. But Sprott and a number of moonboys make claims of 1-2 billion ounces at DSV. DSV market cap = double that of Bear Creek, so you may be paying a Sprott/moonboy premium for the same number of ounces. Bear Creek is also an interesting choice if you are overweighted, in Mexico and want to diversify into another jurisdiction (Peru). On the other hand, if you think that Eric Sprott is going to become a trillionaire, you might be willing to pay a premium simply to be invested in whatever he is invested in.

Stocks so far, on a red day for silver:

Impact +2.2%
Vangold +2.7%
Dolly Varden + 3.5%
Bayhorse + 7.4%
Klondike +7.7%
Silver Spruce + 7.7%

FWZ correcting 5% after the colossal run-up yesterday

Aurcana and CCW are 3% red, but this might change later in the day

>>22808546
You're playing the long game, who care. I'm down quite a lot but I know these junior will explode in the future.

>>22806025
That looks like actual monopoly money lol

>>22808746
Klondike - 20% on Frankfurt borse. Sad.

>>22806867
The basic tenet of money management is

"No one has ever been fired for losing money on IBM stock"

Guys I was reading on Zack's finance and it looks like the comex can't default. I dunno why you guys are getting excited.

>>22807363
Stop posting this copy paste faggot. You're in every thread posting about a guy who thinks that the Fed was created because there was too much inflation and that the Fed is incapable of creating inflation

>>22809066
>force COMEX to go into the spot market to buy the metal it needs
That's completely different than theory shilled here.

SILJ is now cheaper than it was on the 15th of July, when silver was $19. Bear in mind that SILJ was 30% higher than it is right now at a time when silver went to $20. We're still at $22.70 silver. Price action is absolutely ludicrous. Small caps seem to be more resilient than the ETFs from what I am seeing today. Perhaps because it's easier for the banks to short the ETFs?

>>22809057

It's a fake price. Nobody has bought Klondike in Frankfurt today. 0.035 euros = only 0.054 CAD. KS right now is 0.07 CAD (0.045 euros). You'll see Degiro update it tomorrow morning if it holds or goes higher.

https://ceo.ca/ks

>>22809102
Maybe you should check him out. The Fed would love some inflation, but if banks don't lend, it's not going to happen.

If anyone bought MMNGF at the 42¢ bottom you are now as fat as me hopefully. Currently trending at 59¢ with a positive outlook for today.

>>22809066
Sorry anon, meant to respond to
>>22809069

>>22809069
>very unlikely
>according to one silver value expert
kek
>cash settlement for futures
they can offer cash, but if nobody wants it, then get fucked

Nevertheless COMEX will never default, because jews are behind it and they have some magic tricks.

>>22809069
If the comex had to settle in cash, they would manipulate paper price down and pay out paltry sums. Do you know what will happen to physical price if the comex has to settle in cash? Let alone who will continue to play the ponzi scheme after they settle in cash?

>>22809237
I think most anons understand that it will likely be cash settlement and not default. Default just gets the idea across much better.

>>22809167
I watched half the guys interview and stopped when I realized he thinks that the Fed is a deflationary institution since inception. If his theory was correct, overall credit, bank loans, and money would be lower than they were before QE. Every single one is significantly higher. Markets are falling because the time frame for fiscal stimulus got pushed back unexpectedly.

>>22809152
Wrong reply guy

>>22809069

When Ford asked for Palladium to switch from Platinum from Palladium on the COMEX, there was an immediate shortage, and most people were forced to settle in cash. That is a de facto default. What was the reply in price? To double almost immediately.

Can I be somehow jewed with my mining stocks by Degiro if it would default somehow or if world financial system would break up?

>>22809069

When Ford asked for a lot of palladium on the COMEX, to switch from platinum to palladium for their catalytic converters, there was an immediate shortage, and most people were forced to settle in cash. That is a de facto default. What was the reply in price? To double almost immediately.

>>22809338

DeGiro is simply a broker. If they could arbitrarily take your miners off you, it would be equivalent to the government being able arbitrarily to take your house, and you would be living in a communist state. Stocks are your property.

>>22809338
>>22809057

Somebody just bought 75,160 shares of Klondike Silver in Frankfurt, about a minute ago, for 0.048 euros. The price should be updated on your broker now.

>>22808745
the court case is months away from any resolution

>>22809102
It's not copy pasta. Freshly baked to share stuff I'm learning with people who share my sentiments and fears. What are you, chief inquisitor of some new PM cult where wrongthink isn't tolerated? Do you just want an echo chamber with one prevailing narrative, even if it's wrong? I'm sharing with people information that I find interesting. What I posted isn't even the same video I posted yesterday. You watched Steven van Metre and didn't like what he said so you turned it off. I'm posting Jeff Snider in a series that is really good where he talks real baseball about the Fed and the monetary system. Good info for people.

Why are you so defensive and so threatened by information? It is the lie that needs protection, not the truth. Sunlight is the best disinfectant, but you seem to want to keep yourself and everyone else sheltered from other points of view. Heaven forbid that stackers want to get an accurate picture of the financial system and not just a narrative that tickles our ears and plays into our worst fears/dreams. "Printer go brrr." Yes and no, and its not at all as simple or the way these PM talking heads say it is...which is why people who listened to them are scratching their head as to why PMs could go down and the dollar could go up. This is only a mystery if you've been fed a completely misunderstood picture of the monetary system. If you get an accurate picture, then this is predictable and some people have been predicting it.

>>22809571

People on ceo.ca seem pretty gloomy about the outlook for First Majestic.

https://ceo.ca/fr

It's one reason why people might want to think about diversifying outside of Mexico. If your portfolio is nothing but Defiance Silver, Silver Viper, Discovery Metals, First Majestic, and stocks like that, you're in danger of getting wiped out by one socialist government. It's why I like to have Bear Creek (Peru), Irving Resources (Japan), Eloro (Bolivia), etc., besides the usual U. S. and Canadian miners.

>>22809069
I and other anons have *REPEATEDLY* and *LOUDLY* said that the comex will just settle in cash should enough people stand for delivery.

However such an event would trigger some big changes regardless, and be enough of a "default" to wipe out any confidence in it. This scenario does not even need to happen to increase PM prices. All that has to happen is business as usual for PMs to increase.

>>22809069
anything other than physical delivery is a de facto default.

Buy CLF stock

>>22809752
I like lifzf and vale more.

>>22809752

No thanks; not interested in buying 2-billion market cap coal company meme stocks from /smg/ when I can buy junior silver miners and make 1000x my money.

Bunch of fun graphs in here: https://wtfhappenedin1971.com/

>>22809661
>https://ceo.ca/fr
I only see one or two people dumping on FR there, most are simply stating the obvious.

IE FM got hit by double "bad" news of lower prices and the tax issue hitting the courts.

While there certainly is a risk due to governments possibly nationalizing the mine, such a move would be extremely reckless and destroy the country. Basically Argentina style collapse would be their next stop.

More then likely its more of a shakedown, either FM will win, or the government will get its cut, which even at the full 200 mill is not a huge impact.

>>22809661
If I had more powder I would throw some FM's way, but I already have a decent position in them so im pretty comfy holding it.

>>22809636
You faggot. You just post thing guys interview and say it's the truth. If QE is deflationary, why is every measure of money and credit higher than before it took place. I already said why there was a sell off in everything other than dollars. If you actually think QE causes deflation buy some TIPS puts like I said. If you're right their yield will go from -.94% to 0.67%

>>22809946

I should have said "Some people," not simply "People," sorry. Wasn't precise enough in my language.

Be honest anons, did you buy the $22 dip the other night?

>>22808015
Fedcoin was in the August stimulus that failed to pass. We are already introducing crazy monetary policy.

>>22810259
I only bought 7oz, 10 shares AG, 5 shares SILJ, 5 shares KGC
>4x random
>$5 fv mercs

>>22809946
>>22809985

These are the unfavourable comments I was thinking of. I know that the sentiment is generally favourable, and that people think as you do that the issue will be resolved.

-

"not a good news, the Primero saga is now hurting $FR: on Sep 23, the Court nullified the APA granted to primero, and directed the tax authority to re-examine the evidence."

"Keith really fd up the last year's. First the Silvercrest Metals debacle and then buying Primero despite potential legal issues."

"it has been hurting fr the entire year. It's priced in but a reminder that Mexico is not a safe jurisdiction. THE New president is anti miners and wants to squeeze them hard. I have no clue if Mexico will allow an international court to decide this. In today's populist times it's by no means certain it will be."

"Yes it is estimated that FR would now be about 50% higher if it wasn’t for the tax situation."

"I feel the chance that FR will be fd and pay the full sum is underestimated on this forum, maybe not fully priced in even. AMLO is a communist at heart and sees all business especially the miners as being corrupt. He will be very unwilling to cut deals, that's why it has come so far. FR has little chances here. Keith bought this knowing there is a tax issue. He should be replaced."

*

Other side:

"You can now buy the purest most undervalued silver miner for about 10% below what the best precious metals investor arguably of all time paid just a week ago and invested the largest amount ever in a single company of $78 million. It’s a bargain at this price so if anyone is sitting on the fence it’s time to jump in. Sprott previously took a large position in Kirkland Lake gold at $8 a share and now it’s north of $65. This investment in First Majestic is his silver equivalent to what Kirkland was for gold."

"Sprott must have a pulse on this matter as well, hate to use him as an example, but i mean.... he just tossed 78M into this at higher prices.... "

>>22810052
I literally sold my miners to buy a dollar bull ETF and Long dated Treasury ETF. I put my money where my mouth is and posted it >>22807538 and that's just one account. I did the same with similar amount in my Robinhood as well. You are sitting here saying the dollar is worthless and everyone is ditching, meanwhile it's going up. It's because you don't understand the Eurodollar system. I'm not an expert either, but I see what these guys saying as actually playing out and those with meme explanations getting BTFO. Schiff panicking and putting out multiple podcasts in a row because he got a bunch of people to panic buy his gold and now they are pissed when he's wrong. He doesn't understand the monetary system. He's right about gold, but once again, he is still too early because he fundamentally misunderstands what is happening. His general thesis may be correct, but he's missing all the details in between and has no idea when or why and what kinds of things need to happen first. Sorry, I'm about getting to the bottom of this, no matter how ugly it is or how it may contradict comfy af explanations that are just fantasy.

>>22810476
>You are sitting here saying the dollar is worthless and everyone is ditching, meanwhile it's going up
>line go up, therefore u wrong
Shhhhh

>>22810259
Bought more miners which was good but blew my bullion cash on another 500oz when spot broke below 24 on Monday, meh. Not too butthurt as scrapping keeps the overall cost average pretty attractive but saving another grand for miners would have been nice. Hope you got some good cheapies anons.

>>22810443
assuming they lose the full 200 mil, + 500 mill to purchase, and assuming silver DROPS to 20$/oz us, they are still doubling their money on that acquisition on silver alone. Its a mine that can produce 6 million oz over 10 years.


Next news is likely to be good as it will be earnings during a quarter when PMs were up, and FM sold all the stockpiled stuff from when it was 12$ an oz

Just wish I had more $ to throw at it at 12$ a share

BEHOLD

>>22810259
sure did, ill have some poured silver pics when it all arrives.

>>22810555
Yeah "sucked" buying the dip on monday, only to see it dip again on weds, but thats hindsight for you. DCA I am slightly up, and was able to reinvest into aurcana with many more shares then I used to have, at about the same price per share as my initial position, so I am pretty happy with that.


Even MUX has held up somewhat, once people realize they are actually producing on good ground and a lot of the issues are psychological, they will do fine on some good earning reports.

>>22810542
>something does soemthing
>one explanation predicts it
>another explanation has not explanation
It sounds to me like you've joined a PM cult rather than actually looking to become more informed

>>22810476

These dollar bull theorists have been consistently wrong. They were screaming that silver was going to crash at $17, and that gold was going to crash at $1670. A lot of people sold their metals and miners as early as April because of them. They are starting to rear their heads again now and claim that they were right, but, fact is, gold is still $1862, and silver is still $22.94, so anybody who was shaken out of their position by them missed an opportunity. It is wrong to say that Peter Schiff doesn't know anything. He won his gold-coin bet with Brent Johnson, who claimed that the Fed would raise interest-rates; it never did. The reason why Peter Schiff always says to buy gold now, and not later, is that he understands how quickly things will collapse. Alasdair Macleod says the same thing. You won't get a warning the day before about a banking crisis or a COMEX default or China dumping the dollar or whatever the black swan may be, it will simply happen. And you're either sitting in your chair when the music stops playing, or you're not. Trying to time an entry-point, and jumping in and out, seems to me fairly pointless, when we know where gold and silver are going and how quickly the journey will occur.

>>22810625
You fondling ASE is very nice, love that toning.

>>22810563

I agree that it won't hurt the company in the long run. The only thing that concerns me is the Mexican government, which is why I try not to keep more than one third of my holdings in Mexico. If I wasn't determined to put 100% of my money in small caps, First Majestic would be the first company I invested in. Keith Neumeyer is the best advocate for silver who runs a mining company, and he's the most ethical CEO, insofar as he wants to stop supplying the COMEX with silver, and even takes deliveries off it when the price is artificially suppressed. I hope that he buys out as many of my small caps as possible.

>>22810678
Yes get out of our cult
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>22810680
People that I am listening too aren't saying that. In fact a number are long term bullish on gold. I'm also not at all downplaying buying gold or silver. I do think that people who don't have physical should buy yesterday. I have 3 ozt gold and 500 ozt silver. Yes, if things go tits up, it will happen fast and people should not be waiting to get physical, but they also shouldn't be leveraging to buy physical nor should they be expecting moonshots around the corner. We still have quite a bit of things to happen before any hyperinflationary scenario would play out and the idea that the Fed is printing right now and that it would cause that scenario is just plain wrong. The Fed is only monetizing what the Congress spends in deficit of revenues. A lot, yes, but nowhere near the amounts needed yet for massive inflation. The underlying economy is in shambles and so much debt is going to get cleaned out. That's massively deflationary. As of right now, nothing is happening to create that inflationary situation. It's going to take shit getting worse and then Congress reacting to it in a sufficiently large way to do so. Again, we can make bets on that happening as to when and how much, but right now, the pieces are not in play yet and it's misinforming people to say it's as simple as printer go brrr. It's not.

>>22810678
Okay, the Fed can't inflate because the Banks won't lend.
>Implying JPM didn't just get hit with a billion dollar fine
>Implying hundreds of banks are going to get raped by the government for Money laundering
>Implying Powell didn't just get grilled by Congress this week on solutions
>Implying AGAIN Fedcoin isn't around the corner
>Implying Trump and Biden won't promise billions to trillions of spending and gibs
Yet Deflationists ignore this because they actually think the Government plays by rules, and just won't hold a gun to the bankers heads to get what they want. Inflate away the national debt.

Bros what's the best way to learn a bout miners? I've only ever bought physical and have no idea what I should be looking for when picking mining stocks. Does any have any advice or resources regarding this mining stocks or am I better off sticking to 100% physical

>>22810813
>the rational man dies
>the beast man comes up to be slaughtered

>>22810678
I don't disagreeing with you generally because I think averaging in a little more slowly is the right idea right now (softer lower risk/lower return version of your strategy). I do think you're arguing dishonestly with obviously errant assumptions and communicating in a way that will rooin anons. You even say it yourself that Schiff is "too early" implying that he's correct, and in the game we're playing, there may not be an ability to be late.

>>22810779
Agreed, just because its a dumb move to nationalize, does not mean mexico wont do it. im only about 10% of my folio in FM but Id be happy up to 33% no doubt.

A few things that keith mentioned in the latest interview with Mike were the new upgrades to their mine. IIRC They went from 60% recovery, to almost 95% recovery with the new mills/methods.

>>22810850
It's also amazing how deflationists just straight-up ignore the massive inflation food, household goods, and housing we've experienced just this year alone. Ideology is a hell of a drug.

>>22810672
>thats hindsight for you

Indeed fren, I try to own my decisions and not worry but damn lol. May I ask what your thoughts on Aurcana's stock valuation might be after a quarter or 2 of 50.00 silver? I've got a few thousand shares and probably should get more but I don't have a good sense for how it'll track rising spot price.

>>22810871

The safest way is to buy the Vanguard ETFs. GDX and SIL for the majors, GDXJ and SILJ for the mid-tiers. If you do that, you can't go wrong. Small-caps offer greater reward for greater risk, but there are no ETFs for them. Looking into what respected investors like Eric Sprott, Don Durrett, David Erfle, Dave Kranzler, etc., are doing, will help you, as well as experienced people in this thread. (Stocks which we like are e. g. Dolly Varden, Impact Silver, Silver One.) You will also want to make extensive use of a website called ceo.ca, where you can research any mining stock. Crux Investor, Sprott Money, and Mining Stock Education are excellent Youtube channels. Fundamentally, however, you may simply want to stick with the ETFs. Drill-plays and permit-plays are particularly dangerous, and you might end up getting into one of those and losing everything you have.

>>22810850
The JPM fine should be telling to anyone that it's business as usual. That's a wrist slap. JPM is not losing on any of this. I doubt much will come of the money laundering either. There may be some finger wagging and some wrist slap fines, but that will be it. When is the last time these guys really were held accountable? There's a revolving door on these firms and the regulatory agencies. Don't get sentimental on me, Pollyanna. There is no justice in this system. Powell is begging Congress to act because he can't. He's impotent. He is pushing a string and it's not getting the desired result. He needs Congress to authorize the spending so he can print it. Fedcoin may be around the corner, but again, we need Congress to authorize that spending. Yes, I fully anticipate more trillions, but a few trillion more isn't going to cut it against these massive deflationary forces. We will continue to see this up and down fight against deflation until Congress decides to do something massive like UBI. when THAT happens, then I will agree. I think it may very well happen, but right now, I'm trying to trade what IS and not what may be in the future after numerous other things happen. Yes, they will have to inflate the debt away, be that's step Z. You can't say A B Z. You need A B C D etc.... and then Z.

>>22810840
anon.. not really sure what you are even trying to say? I hope you make some fiat in your dollar play, odds are there is a good chance of that, just like with any other stonk or whatever.

But just because we are in a huge deflationary situation right now doesnt mean what you think it means.

Deflation means all your assets are worthless, hence running to safe havens like gold

inflation means all your dollars are worthless, hence running to safe havens like gold.

Heavy movement in either direction is bad. Right now the various government agencies are throwing everything they can against the deflationary process, and STILL not getting the inflation they want. That deflationary process will suddenly stop at some point, and reverse with all the pent up pressure. If you are in plays that make money off deflation, and the music stops while you are in those plays, you will be absolutely fucked. I sincerely hope you time it perfectly.


This is why PM's have been money forever... they are stable, they do not inflate/deflate massively without huge physical changes IE two new continents of mines being discovered.

never forget

I can't stop buying miners during these dips, now in for 70k. I've reduced my avg cost per share a lot and hoping we see 1 or 2 nice up days next week so I can lighten my position to a figure I'm more comfortable with like 45-50k in. Have I gone completely mad?

>>22810946
Prices go up for lots of other reasons. Massive supply shocks like we've seen and massive changes in consumer behavior will definitely do that. Doesn't mean there's been broad base inflation due to monetary policy. Yes, the stimulus was inflationary. But it didn't even fill the gaps that had been made in the cratering economy due to shutdowns. Bigger deflationary pressures outweigh smaller inflationary pressures.

>>22811043
>I doubt much will come of the money laundering either.

just wait until this leaked footage catches wind anon...
https://www.youtube.com/watch?v=xq_a3_-ooug

>>22811006
neither do I unfortunately. Their mines have not been producing, and wont be until Q1 2021.

Read through their investor packages, from what I can see they have a LOT of potential.

>>22811043
The Bank and Government are corrupt criminals at each other's throats. The longer the banks don't cooperate, the more hostile the government will become.

Who are you betting on to win? The monopoly man or guy with the gun?

>>22811006
here is the other highlight i grabbed from their IR kit.

Basically they have a lot of metals, high grade ore, everything is in place to produce:funding/mines/equipment/permits/ect ect last thing they were looking at was getting more staff in to expand working hours.

Profitable at much much lower prices then we have had all year.

>>22811053
I'm saying that it's going to be rocky up and down with Congress fighting deflation with stimulus creating fits and starts until they do something really big. All the pieces aren't on the board yet for what many of us here ultimately believe will happen. So people making leveraged trades right now based on the prevailing pmg thoughts are going to get smoked. People are going to genuinely wonder why the dollar will continue to rise and begin to doubt the thesis. Why? Because someone told them an incorrect story that just happened to have the correct ending. That does more harm than good I would say. People should definitely be in physical PMs for the long haul as wealth preservation and collapse insurance. Expectations should be set according to things actually happening and not overgeneralizations. I want everyone here in pmg to do well. I'm a stacker and love my fellow stackers. I just get frustrated with some of the cheerleaders that are giving people false expectations.

>>22810476
Ok bud. If there is a large contraction in money and credit, what would happen to yields and therefore prices?

>>22811023
Thank you anon. Very much appreciated.

>>22811263
anyone make any leveraged trades based on anything in PMG is stupid I agree.

However I have yet to see an anon state they would do as such... closest I have seen is one who bought physical metal on a 0% credit card.

Mean while, did you not just state your intention to do an etf trade, which I presume is leveraged, based on the dollar?

>>22811263
explain to how increasing the money supply in any way can be be deflationary

also explain to me how deflation makes a currency more valuable even when its economy is getting weaker and weaker

then i'll hang on to your every word

>>22811023
Vanguard doesn't have precious metals funds. They consider their "materials" fund as good enough even though it's mainly chemical manufacturers. GDX is a vaneck fund

>>22811360
Deflation is by definition an increase in the value of a currency

>>22811074
My understanding has changed that 1) is correct and 2) is missing an important step. The YCC or continued QE continues to fail to hold back deflation. Congress will continue to have waves of stimulus spending, but this proves temporary and has diminishing returns (we are already seeing that now as we run out of steam from the last stimulus and need more like a drug addict). So we see waves of inflation that fail to the overwhelming deflation. Eventually, Congress has to pass UBI or some other kind of massive stimulus. Hyperinflation won't actually begin until the economy kind of sort of starts to limp on its own and people actually start spending the money. If they use Fedcoin and some kind of negative interest or time limit on spending, they can simulate the economic activity by forcing people to contribute to higher velocity.

My sticking point is that we can't have 2) with the Fed alone. It's going to require Congress and the politics are getting in the way of that currently. Dems may even be trying to force the crash to harm Trump. So short term, I think we will see a bigger deflationary wave until DC figures out they don't want that. Then we'll have ups and downs until they figure out it's not working as planned.

>>22811404
That's not what anon was asking though.

>>22811132
lol. I do love this

>>22811192
Ooh thanks for sharing. If base metals prices went to or surpassed the ~2011-12 highs then all that silver will be practically free if I understand properly, looking good man thanks again.

>>22811376
>GDX
How much upside does GDX likely have if we get to, say, $40 silver and $2200 gold? Can GDX realistically double to around $80?

>>22811150
I don't know...monopoly man owns a lot of the people who make the laws. Either way, no matter who wins in the end, they both have the power to fuck this up for all us little guys and I would like us all to be careful and keep our powder dry or follow the rather than fight the trends. We're just along for this ride, even if it's a shit one.

>>22811404
deflation is the DECREASE in money supply, but this does not inherently make a currency more valuable, relative to more viable alternatives

>>22811349
Yeah, I frown on leveraged PM trades based on the idea that inflation is coming immediately. I think that's a dangerous and losing trade. My dollar trade is based on, what I believe, is a better picture of what is going on in the macro which runs counter the the prevailing narrative here, but I think is more grounded in reality. I didn't say I hate leveraged trades. They are risky, but it's risk vs reward. I just think people making them should be using sound rationale for them. That's why I'm saying I think deflationists are right. Not all deflationists are PM bears, but maybe just in the short term. I am anything but a long term dollar bull. But in the short term, I think it's a far safer trade than most in the paper PM space, even miners, which I really like long term.

>>22811270
DXY is going 100+ and yields are going to zero. If you look at the outstanding short positions on Treasuries, it's historic. That ends very badly for those shorting. We may see the biggest Treasury short squeeze in history as yields crash.

>>22803676
comfy

>>22811683
No. If there is a large decrease in the supply of money and credit, what will happen to yields? Work with me here

>>22811615
correct. Value is not in the definition.

>>22811815
Decreasing the supply of something increases it's price. Also in deflation there is a rush to actually acquire the currency so demand increases too. In March banks were sending letters to every major corporate borrower asking them to minimally tap their revolving credit lines because everyone wanted cash

>>22811360
All the Fed is doing is finding different ways to create more and more bank reserves. But none of that matters if lending doesn't keep pace. M2 could triple, but if it's all sitting restricted in the Fed, it's not inflationary. But as massive amounts of loan defaults occur and lending contracts, the circulating money supply contracts with it since our money = debt. We have so many people out of work who will default on loans, so many shuttered businesses that will default, so many landlords for both residential and corporate real estate who will default as they aren't receiving rent. We have had a massive chunk of our economy collapse. That's more deflationary than a few trillion in stimulus. A lot more.

>>22809661
Your thoughts on Defiance Silver? The silver sitfolio is very bullish on it and it’s made some good gains recently, but there are skeptics, including yourself apparently.

>>22811794
In a free market, yields would rise. We don't have that market. We have one where the Fed cannot allow yields to rise because everyone and their mother will default and the entire banking system would explode. So I'm telling you what will actually happen. QE is driving up demand on the secondary market for Treasuries as they are buying more each month than the Treasury is auctioning. That means primary dealers are having to go and buy them off the secondary market. We have massive short positions on Treasuries. Guess what happens when yields continue to drop? We get a short squeeze. If we have historic levels of short positions....then we end up with historic short squeeze.

>>22811881
Yes, but deflation is just less money in circulation by definition. The value increase is a side-effect of it. I'm technical/theoretical here.

>>22812053
And you can imagine examples where deflation is occurring, but the value stays the same.

>>22811881
It does if the demand stays level or increases. People neglect the massive amounts of debt out there in the world denominated in dollars. Even if they decided to trade in something other than dollars, which most still aren't, they couldn't just flip the switch on dollar denominated debt without collapsing everything. So there will still be a massive demand for dollars and that demand goes up when things get tight. Lots of the world chasing a small amount of dollars in the Eurodollar system.

So them meme is 60 oz of silver to make it, what's the meme value of gold needed to make it?

>>22808015
>And if we get short term bumps from stimulus, it's still net deflationary long term, because it crowds out legitimate business activity. I think this stimulus has really given people too much of a sense of normalcy, because it has masked just how much damage has been truly done and eventually that is going to show up as deflation.

i get this sense too.

>>22811902

I don't have a problem with Defiance. It's simply part of a general point that buying a portfolio full of nothing but Mexican stocks, which a lot of people inadvertently do, might lead to your getting caught out, if there is trouble in Mexico. I'm not so not sure why Silver Sitfolio thinks it is so special. A lot of people pump it on Twitter, which makes me sceptical. Apparently it has 17 million ounces. But market cap is 80 million, even after this 20% correction; Dolly Varden also has an 80 million market cap right now, but it has 44 million proven high-grade ounces, plus a large Sprott investment, plus an enormous property which is 97% unexplored, plus a history of producing tens of millions of ounces, so I don't understand what makes Defiance Silver so special or preferable.

>>22812371

60 ounces of silver = top 1% of silver-holders, 30 ounces of gold = top 1% of gold-holders; make of that what you will.

>>22811511

GDX will definitely double, but you have to take dividends into account, because that is where most of the value is. Newmont, for example, is paying a $1 dividend per share, and that can only increase as time goes by.

>>22811376

Sorry, meant to say VanEck. In any event, I know what the holdings are, and that the companies are sound. Stuff like Newmont, Barrick, Franco-Nevada, etc., in GDX, or First Majestic and Hecla in SILJ. They are the "standard" ETFs which everybody buys.

>>22807363
Seconding Jeff Snider. Go watch their Euro Dollar university, this is what freedom of information was all about. They're doing a great service.

>>22811415
This UBI and "temporary" stimulus is going to be coming faster and bigger than you think. As I said with food and household goods, the inflation of the things people need to live is running rampant and it likely won't stop. The money that is being handed out by:very government will eventually (read: very soon) suffer from the Cantillon Effect and the velocity of money will outpace the deflationary pressures.

The main issue is that we're both prognosticating based on limited information, and none of us know the variables we don't know. People may not be taking loans to open businesses or buy cars, but they won't be saving it once a pound of beef is $70 higher than it was two months ago.

>>22803477
https://youtu.be/W8LxQU-WgVg
https://youtu.be/hnjTzRkzw-E
https://youtu.be/AVYGjS2E_q0
https://youtu.be/UUT7bdAabH0
https://youtu.be/67OpVg2moeo
https://youtu.be/1_phld0EmqE
https://youtu.be/91dTv3_63Ro

Who has the chart with all the dips in the 1980 bullrun? or what website can i find that out? thanks frens

Got this silver "hobo nickle" as a gift for someone.

>>22812642
>>22807363

Going to provide a counter-argument to the dollar-bull thesis of the Snider/Johnson types here. Alasdair Macleod goes over it in this video. He says that what people rush to in a crisis isn't dollars but dollar liquidity. They have no use for "loads and loads of illiquid dollars." The idea that the system can keep going on much longer when we are on the verge of a banking crisis, and when China is hoarding commodities and dumping treasuries, is simply wrong. Also when gold and silver are the only safe-haven for frightened rich people, and the COMEX is being raided by any of them who have the slightest bit of foresight. The dollar bulls have been wrong about rising gold and silver prices just as they were about the Fed raising interest-rates.

https://www.youtube.com/watch?v=D6DQtbn5nos

>>22812854
thinkn this ones what you are after

Just tell me physical will moon soon, i don't want my all hair go grey like Mike's Maloney did while waiting for happening.

>>22812954
5 years at least

>>22812933
my man

Are pre-1886 .875 silver spoons at spot a good deal?
t. 3rd world poorfag

>>22805624
Truly floor stacker is wise.

I got a tube of Asahis as well.

>>22812954
If you invest in metals expecting big gainz you better have hands made of it as well

>>22812954

Maloney made a lot of money. Got into mining stocks at the bottom in early 00s, profited from that whole bull market when the index of all miners went up 1700%. Bought gold and silver at the bottom, long before they peaked in '11. The system has carried on so far from a combination of Q. E. + COMEX manipulation. But Q. E. is now increasingly useless, because it has forced yields on treasuries to become really negative. So a bond-market crash is now inextricable and inevitable. This is causing a flight into gold by central banks and ordinary people alike. PMs and miners will be soaring by early 2021 at the latest, and they will never look back. We are simply waiting for an imminent black-swan catalyst. (Banking crisis; stock-market crash forcing the money-printer back on; destitution in the real economy forcing the money-printer back on; China and other nations dumping the dollar; COMEX default; bankers deciding to exit their short positions and go long.)

>>22813312
The liquidity China is pumping into their markets may force yields higher and cause that stock market crash we're looking for.

>>22813312
>Banking crisis; stock-market crash forcing the money-printer back on; destitution in the real economy forcing the money-printer back on; China and other nations dumping the dollar; COMEX default; bankers deciding to exit their short positions and go long
That's a long list of catalysts. Hell, a decent portion of them would trigger the others too.

Ron Paul might be dead

Just had a stroke on his live stream minutes ago

Condition unknown

>>>/wsg/3631264

>>22813031
Unless you can't get decently priced physical any other way in your country I wouldn't pay more than 80% of spot price (the lower the better of course). Not familiar with .875 silver btw, is that some arcane regional "7/8ths pure" alloy?

Maybe opening a Kinesis bullion account would be a decent option too if physical bullion is scarce or overpriced there.

>>22810476
are you giving up on pms entirely? My stance is that PMs are what the currency should be based on and that our fiat system is a broke, fake mess, however the people in power say that this is what we will use and not only that but they say "the systems doing great", therefore thats what the system does. I'd invest in the meantime but I don't know how much longer the train can continue on.

>>22813403
and its just economic catalysts... it doesnt even take into acount
rona, riots, election, worldwide unrest, massive cultural dissatisfaction, ongoing world wide communist agitators, and so on.

Makes 2011 look tame.

>>22813433
.875 is precisely 7/8 pure silver. Thx for the Kinesis tip, will look into it.

>>22811099
Crazy yes, but you're not alone.
I had captured profits on 30% of my position and few weeks ago and now I went all in this week. First Majestic is my largest position by far.

>>22813566
Ongoing worldwide fascist agitators, growing political extremism, growing fear from different parties for different reasons of 'the system' in general, threats of war. This could be a really big list.

I guess there are some middle eastern-israeli peace accords, that's the only vaguely positive geopolitical thing from this year I can think of.

>>22813417
I fucking hope not. He's one of the reasons I stack.

>>22813417

>>22813443
Gotta run for a bit, but I’ll reply because I don’t want to give off the wrong vibe. I am long PMs, but not paper. Physical is important to have. No counter party risk. It’s collapse insurance and preservation of wealth. So I have 3 ozt gold and 500 ozt silver and am satisfied with this while using other money for chasing paper gains. Paper gains are where I’m not so sure things are going the way people have been saying. The monetary system is indeed broken, but not exactly for the reason PM proponents say and it not going to break down in exactly the same way they say. At least that’s my current outlook. So I’m going to use my cash to speculate on the dollar and treasuries going up in the short/mid term and have cash on the side waiting for deflation to do its thing. Depending on how stimulus goes, I’ll ride that up and down. But if anyone doesn’t have physical PMs, they’re on sale right now, may be on sale more in the future, or maybe not. But If make sure I had a comfortable stack before trying to time anything. Get a stack first, just don’t go into debt for it.

>>22813660
anyone that uses the word facism in the current year meme is a brain dead libtard.

>>22813660
The tipping point really is when all the people who want to be left alone are sick of antifa/leftists/commies continuing to try to push everyone further and further into the collectivist/facist state the lefts actions keep pushing us into (despite fervent lip service to the contrary)

Their delusional accusations that everyone else is facist have basically stirred up the "I will leave everyone else alone, just leave me alone" crowd and once that is done, that ball does not stop rolling for a while.

The end results of this will of course be horrible, and foreseeable, to anyone who studies history. Even PM holders will be in for a rough time should this fully come to fruition, but it will be much better then those without.

>>22813767
Factually untrue
t right-winger who hates communism and believes the market should be free

>>22813417
Oh man... I hope not. truly one of the greatest minds/men of our time, very underrated man, he is the kind of soft spoken well thought out person this time needed, but rejected.

>>22813417

Ron Paul would have been one of the greatest presidents who ever lived. He could have saved the world from all the ills which it is presently about to undergo. He brought a knowledge of Austrian economics, and the importance of gold and liberty, to tens of millions of people. Never set a foot wrong in all his long life. God bless him.

>>22813767
Kids these days are being Nazis to rebel against the increasingly libtard environment they're in. As the number of commies and socialists and SJW politics are rising, so too are unironic fascists in response. I'm not broadly calling people fascists, I mean there are growing numbers of people who truly people who identify with fascism. You are right that a lot of retards throw that around as a label willy nilly, just like people call anything they don't like communism as well. Extremism is actively breeding more extremism. It seems that across all lines there are a larger number of people who want draconian totalitarian measures taken on against their enemy of choice.

>>22813879
>market should be free
Won't that lead to more globalism though?

>>22813767
its over used, and improperly used all the time for sure, but its still word with a meaning, even if it is mis used 99% of the time. The only entity comparable to a world wide organization of fascist is antifa, the various globalists, and the modern left.

Ideally we need a return to free markets, free republics, and a return to EARNED suffrage.

>>22811415
>If they use Fedcoin and some kind of negative interest or time limit on spending, they can simulate the economic activity by forcing people to contribute to higher velocity.
if they introduce fed-coin with negative interest rates, you can be damn certain gold/silver/monero will moon. anyone with half a brain will swiftly move liquid cash into assets without negative interest risk, even if there are short-term fluctuatins, it will be a safer bet than certain purchasing power decay, no?
>oh shit, this argument already applies to cash

>>22808546
>>22809661
>>22810443
Mexico news is fud. Plan accordingly and you will make it.

Got 5 silver dollars in the mail today. Good day.

>>22814179
Bought the dip today and Wednesday

>>22814179
I would hope so since I bought them yesterday.

Just traded .75ozt if AU for 1 roll of Cheonwangs, 1 roll of scrofas and 10 koalas. Shits cash frens

>>22814179

The danger in Mexico is overrated, but if somebody's portfolio is nothing but First Majestic, Endeavour, Silver Viper, Defiance, Discovery Metals, Kootenay, and so forth, they should definitely think about diversifying.

>>22813417
dammit, mark my words when we raze the fed we'll put up a giant statue of him there that reads, "You listened."

>>22814310
all they need is physical and they've got a perfect portfolio

>>22811895
>M2 could triple, but if it's all sitting restricted in the Fed, it's not inflationary
this is true, but we KNOW it's not sitting in the fed. interest rates are zero, corporations are taking out that money. and they have employees that need to be paid. if corporation A's competition is sniping Corp B's competition using even a fraction of the money it's getting from interest-free loans, then you can bet your ass it will lead to inflation.
inflation typically takes 1-2 years to enter the market after spiking on m2 money supply.
the fed isn't only printing money to keep in its vault. some of it escapes. it is known.

>>22814338

Perfect if that's commensurate to their desire. I'm not missing the opportunity of the century by foregoing junior miners. I will take the risk in order to get the reward. If you bought silver in early 2000, you made 10x. If you bought First Majestic, you made 130x.

>>22813417
May his soul rest in peace.

>>22814179
>my whole portfolio is mexico
Hopefully I'll build it fast enough as a wageslave to overcome the Ricardo Martinez threat ! Next buy are 1000 share of Aurcana and 500 share Silver One.

>>22814727
or maybe adding a better position on Impact, only have 204 share, Silver one will have to wait.

>>22813417
>He tried to warn us with such force that his brain actually snapped mid-sentence
F

>>22814310
I just noticed that I'm a little overweight in Mexican miners so may be trimming down just a hair. Plus, I'm interested in adding a few more Tinka shares. That precipitous fall in the stock price is looking inviting.

>>22814727

Klondike is in Canada (British Columbia). Silver One's project is located in Nevada. Can't say no to Impact Silver though, it's my favourite stock. I have pretty much all my Mexican portfolio in that one stock, because it simply can't go wrong. The rest is in Vangold, Kootenay, Silver Viper (Viper seems better value than Defiance at a 35 million market cap, unless I'm overlooking something).

>>22813417
holy shit guys i was watching the livestream and he was just talking about the bankers and he almost mentioned jews before he had the stroke.

>>22814885

* Forgot Silver Spruce as well; Pino is in Mexico

>>22814881

The drop in Tinka's share price is making me doubt my own sanity, makes absolutely no sense. Buenaventura, the largest zinc-producer in Peru, bought into the company at $0.24 CAD a share at the start of the year. Silver is now much higher, zinc is pretty much the same or higher; company has 60 million ounces of silver in the ground + exploration-potential, 7 billion pounds of zinc, is drilling as we speak. And yet the price is now 0.18 CAD. Simply can't understand it as anything more than market dislocation. Cannot see how the share price can possibly fall any farther.

>>22813417
Fuck

>>22803477
>>22803492
hey a decent girl and a schiff meme, we have a capable baker for once
>>22803581
>>22804775
>>22805624
the dog squad out and coping hard today i see

So why the fuck is Silver Spruce up 40%? I assume this means I will be able to buy at least a 20% dip soon. And what's having a good dip today?

>>22815032
>And what's having a good dip today
First Majestic I guess.

>>22814973
Tinka, Dolly Varden, or Impact? I'm putting you on the spot.

>>22815032
>The dog squad

Lel. I don't really understand some anons fixation on ugly or freakish looking asian women.

>>22814973
MOST
HATED
REGION

miners are hated right now, super under valued. Even after PM prices rise, I expect a delay before retail/robin hood investors pile in. These people need sexy media to tell them where to put their money.

Miners are unsexy as fuck... many of these companies are solid financials/fundamentals, but horrible "sex appeal"

>>22815120

Tinka has the least downside risk, unless I'm blind to something that everybody else is seeing, and I really like the stock and where the management is going with the silver emphasis, but it's not a pure silver stock. My position in Impact is 10x larger and in DV is 5x larger, so make of that what you will.

>>22814973
>The drop in Tinka

That obnoxious IKN guy isn't this powerful is he?

I bought in yesterday and want more. I appreciate everyone here shilling interesting miners, it's been a crash course but I'm having lots of fun learning and agree that the sector is ridiculously undervalued in both relative and absolute terms. Y'all here may be the equivalent of the people who got the good claims BEFORE the gold rush of '49 started, it's quite exciting really.

>>22815212

There's nobody in the TK ceo.ca chat-room who is talking about any scandals or anything that is going wrong. Simply complaining about the price going down.

"I'm pushing them. With 20mm in the bank the market cap is a complete joke. They have a fortune in silver alone."

"I bought another 50k shares today, I dont need them but just too cheap"

"Trust me, this stock is asleep. The silver alone is worth a billion and a half dollars....20mm in the bank and who knows how much the zinc and tin is worth? When someone figures this out and realizes what is happening TK will run like silver has. Call me crazy but I believe this could easily go over a dollar. I bought more today."

"how long have I been saying that the retail crowd has badly messed up TK....there should be no shares offered at the moment below .30....their huge silver component just became very economical and will only get better...."

"totally agree, should be trading around 50 cents on take over spec and fall drilling that will expand the resource"

"So let me get this straight...Buenaventura, the largest zinc producer in Peru, buys around a 20% stake in Tinka in January at $0.243.
Zinc and particularly silver are worth more now than they were then.
Buenaventura asserted at the time that Ayawilca *will* be a mine.
Why on earth is this trading at $0.18?
Tax-loss season already?
Scratching my head here."

"just look at the facts. BG stepped up and made a huge investment @ .24 cents and retail sold it down to .11 which was insane and I said so every chance I got. Assuming that BG didn't make that investment to lose money, retail should have piggybacked on that and taken the SP to much higher levels. Way way back in the day TK had a phenomenal retail base, of course the float was much smaller. Bottom line, for reasons we've both mentioned the SP is extremely undervalued."

https://ceo.ca/tk

>>22815309

Re-reading these comments is making me want to add to my position in TK.

>>22815032
If I had more powder to burn Id be buying first majestic RN

Thank you Aurcana shills, I got to see some green during this blood bath week!

>white girls telling you your stack is SO BIG, leaving you complacent
>asian girls mock your small stack, encouraging you to increase it
American everyone-is-a-winner encourages sloth, I need to be shamed into buying more.

>>22815309
Just bought a few more shares of Tinka. If CEO.CA is the place where the mining industry insiders hang out, and I'm reading what you're reading now too, then it looks like a great deal.

>>22815471
It barely moved since that drop, even with silver climbing back to over 23 dollars. It's weird seeing it dead in the water like this.

>>22815212

By the way, forgot to say, I agree with you entirely about this being like getting claims in before the gold rush started. When you talk to people about gold and silver here they presume you mean bullion, and mock you for your meagre gains; they don't have a clue about the 150-1000x potential in these junior mining stocks. Everybody thinks that BTC going up 5000% if you bought at 200 dollars is so remarkable, but, if you bought First Majestic at 0.14 CAD, you made 17,000%. We are going to see not merely 17,000% increases but 50,000% ones, even 100,000%, once this bull market goes where we all know it is going to go. Wonder when the crypto people will finally realize this and start flooding in, as Lobo Tiggre is predicting.

>>22815585

Many of the people in that chat actually know and speak to the management team, so they are definitely the insiders of the insiders.

>>22815589
Dunno, double bad news of lower price and tax issues is my guess.

Its also one of the more popular stonks so perhaps a lot of weak hands flocked to it?

>>22815309

I presume you're the anon who's been posting the ceo.ca chatter lately, I appreciate the insights and perspectives gleaned. Since it doesn't make much sense given the value, in this case I'm definitely comfy buying more at discount and seeing where we land. Thanks m8.

>>22814066
I can't tell if FedCoin is a real possibility OR if the Fed is just bluffing as another psyOp. US CBDC would make modern banks obsolete, so the recent press coverage of it could be an attempt to scare banks into loosen lending standards.

On the other hand, its obvious that they are serious about a FedCoin, but government is usually wildly incompetent at implementing anything as designed.

In either case, this is bullish for PMs, so NOW IS THE TIME TO STACK.

>>22814329
I almost just cried irl bros

>>22815905
Based on the way Fox reported, it seems like he'll be relatively ok for now. Probably will never be the same though :(

>>22813417

>>22803477
Gold Hedge Fund (GHF)

https://uniswap.info/token/0x15ca0e237319711584dc8a00c3bd2cb22ffdc62a

https://app.uniswap.org/#/swap?outputCurrency=0x15ca0e237319711584dc8a00c3bd2cb22ffdc62a

https://etherscan.io/address/0x15ca0e237319711584dc8a00c3bd2cb22ffdc62a

Liquidity locked for 1 year.

>>22815684
Could you recommend a good silver small-cap that is outside North America that you strongly believe in? Irving Resources has a huge market cap. I already have a small position in Eloro. Looking for sub-100m market cap with ounces in the ground. Thank you

>>22816120
TF is this garbage

>>22816129

Dataposting right now but, trust me, go with Irving in Japan. Market cap is irrelevant; the potential is so massive that it might outperform every other silver stock. But it may take some time, because mining is having to start all over in Japan.

>>22815684
>are going to see not merely 17,000% increases but 50,000% ones, even 100,000%
even the mooniest xrp shills seem lucid compared to your retarded claims

>>22816262
Interesting comment I stumbled on doing some research re: Irving.

"@Icarus @take1 Country risk is a lot of things. it's more than just appropriating mines. It's demographics, it's taxes, it's politics, it's location, it's infrastructure. IN this case I added risk by investing in a country that 1) has no experienced mining labor 2) Has a xenophobic track record 3) has a very aged demographic....4) Has limited mining and regulatory experience, not to mention a risky currency, the highest debt to GDP in the world...you get the picture. It's Much better to invest in a country that has all these mining bugs figured out, AND follows the rule of law (property rights). Japan has one and not the other. As for reversing in a day of trading, it's not the current difference that is concerning, it's the rapid speed and direction of recent movements, with no change in sight. With just one drill I can forsee IRV not producing any substantial news for another 3 months...which means three more months of gradual decline..maybe revisit that $1.80 US price point, this at a time when gold is soaring"

>>22816399
Post stack ripplepleb.

>>22816399

They said the same about Bitcoin when people like Roger Ver were seeing the future early. Silver small caps went 150x in the 60s when silver doubled; we already saw First Majestic and other silver stocks go 130x in the last bull market where silver doubled. If silver reverts to a normal ratio with gold and gold goes even to $5000 you have $400 silver, that's not double but 20x. Inflation-adjusted ATH for silver is $600. 1000x for silver small caps is completely conceivable.

>>22816448
>Has a xenophobic track record
Irrelevant. Other points are valid though.

>>22816448

Short term Irving may have some problems, but it's one of Sprott's largest positions with good reason. Bob Moriarty has made it his largest position. Am unable to write out the case for it at the moment, but look into it. I think it's a very useful stock for providing jurisdictional diversification if nothing else. No country, not even Canada or the US, should be completely relied on.

>nice a silver dip, maybe I'll buy some more
>mfw the premiums

>$23 silver is actually $27 silver

>>22816709
This, absolutely ridiculous. Last I bought silver was near the last peak in July. Even with the dip in spot, with the premiums it would cost me about the same to buy now as it did then.

>>22816129
https://www.hotchili.net.au here you go. Aussie company, mining in Chile. Recent gold discovery looks promising.

>>22816983
Does this basically mean that no one want paper silver?

>>22817062
more people want physical for sure. Price disconnect is widening

Guess he is ok

>>22817367
Hell yeah. I wonder who Death is taking instead now

>>22817367
Phew. We need him now more than ever.

>>22816677
I avoid Canadian mining like the plague. Companies having their headquarters in Canada is great but thinking any actual physical work can get done in this country of red tape and native pandering will just make you lose money.

>>22817367
Thank you Jesus. I'm honestly a little terrified to live in a world without Ron Paul. Who will warn the fools after he is gone?

>>22818244
The fools had their chance

>>22817367

Providence is protecting this great man.

>>22818291
Agreed.

>>22818291
We were all fools once, I agree though that if you haven't figured it out by now it's probably too late.

>>22817829
Were honestly not that bad for hard rock projects. All the pandering and whining from enviros gets factored into the planning fase of a project. It helps too that a lot of the far northwest coast native bands have told the enviros to fuck off when it comes to stopping projects as they want their cut of the money from mining more than ever. Young Chiefs like Chad Day of the Tahltan for example has made his people richer than they ever thought possible by working with companies. This is only from the mining side of heavy industry, oil and gas still have a lot of issues here but thats a whole other story.

>>22817703
>>22818244
He is the hero we needed, the hero we did not deserve, and the hero we rejected.

He was the last person to seriously talk about going back to a gold standard in my memory, who actually had a chance to do it.

I somethings feel like trump may, but I also know thats likely a pipe dream, but I still hope against hope.

>>22818685
in a way, trump is like revenge upon a world that wouldn't listen to ron paul

>>22819031

>>22806482
Some are good and help people that don't know anything about investing, managing money, or just may be too old to handle it on their own. But others are predatory and push clients into expensive and uneeded products just to make the highest possible commissions and fees.

new thread baked here migrate when ready

>>22819141

>>22819141

>>22819141

>>22819141