/biz/ - Business & Finance

LET'S GOOOO
LOW
LOW
LOW

>>24397535
Just bought this. Also heard back from a job! So I celebrated by going balls deep. Trying to reach 1000oz before the end of December.

What do you guys think? Should I put in a bid?

https://www.policeauctionscanada.com/Listing/Details/42877867/Donald-J-Trump-1oz-999-Silver-Commemorative-Coin-224734C

why is this happening lads?

>>24397658
Psychological warfare

>>24397658
Yes, I would also like to know.. why the ****** is this happening? Everything that I have understood about the situation current and future this should not be happening.. what gives?

>>24397658
>why is this happening lads?
they are trying to shake weak hands out. But my hands are like iron, and niggers tongue my anus.

>>24397658
I'm guessing the TA algos kicked in after closing last week on a low
Doesn't matter, time to DCA in again
Thanks to the other anon for suggesting the strategy of buying whenever the dip is more than 5%

>>24397704
stocks go well, gold goes down, stocks do bad, gold goes up

>>24397535
thinking of tax loss harvesting my miners and rolling into PHYS and SLV, then rebuying in a month. Thoughts? I'd be moving my portfolio as well so I probably wouldn't be able to buy PHYS/SLV until the end of the week

>>24397763
It appears that stocks are going to continue rallying for quite some time.. is this cause for concern?

>>24397658
while the dxy is at 91.71

>>24397703
>>24397704
2 things. EOY marks for trading desks are coming up. jpm traders want to look super good and they are record short. The other being that the entire market is all algos. The prop desks drove the price low enough for call options to be worthless eoy (helping their marks and year end bonus). However, they pushed it too far too fast which set off TA algos to dump and short on momentum. Now, the comex is not going to default in december. You can find the Dec contract OI and stated registered stocks yourself. However, everyone rich wants their fucking gold and silver, especially the euros. This is probably going to find its bottom tomorrow morning, earlier than the usual 8 oclock human trader clock in, given that the dollar just hit a new low.

>lcs sold out of reasonably-priced gold
fuck off
apmex time I gues

>>24397704
over 5 days NASDAQ is up 1%, gold is down 1%. Optimism over vaccines is causing a surge in investment, causing ATHs. normal people are starting to dump money in on stocks.

>>24397790
Depends on your risk aversion. If you want to try and time it you could ride the market up, and try and bail before the bubble pops. My guess would be December to May but who knows. I think of it like a game of musical chairs, lots of profit as long as you're not left holding the bag at the end of the day.
If you're just long term bullish I wouldn't worry about it too much.

>>24397658
Delivery Day is in about 2 weeks, do you need any other explanation?

new to coin buying, how much long will i see 2020s for sales? i see some coins have switched to 2021

>>24397915
Appreciate this information

>>24397658
COMEX dumping worthless futures. What is the spot price in coin shops?

>>24397915
I've got some calls expiring in March next year at 1900 am I going to make it?

>>24397934
Thanks for the input.

I'm seriously tempted to sell most of my miners at a loss and rebuy them later. Looks like silver will hit 19 or 20 and I can see gold hitting 1500 before stimulus hits.

I'm out of work until mid-January. Does anyone here know of some good ways I can get extra money to buy the dip with until then?

>>24398179
Deliver groceries?

>>24398217
I'll look into it, but I've heard the market for that is over-saturated right now.

>>24398179
where are you located and whats your background?

>>24397535
I am financially ruined

>>24398280
I live in Northern California and have some background in landscaping and painting, but don't have the licenses to do either of those things on my own.

>>24398392
>licenses
you guys need licenses for landscaping and painting? What. the. fuck

>>24398451
Come to Canada where we need a license for fucking everything

>>24398392
what you need a license to be a fucking painter in Cali now? Jesus christ. Anyway willing to work as a drillers helper? there's a few training positions available in Oregon if your up for it. Cascade Drilling is the company name but i am not sure how long positions will be available.

>>24398451

What if aliens have their own supply of Bitcoin? We know the universe is practically infinite, and so there must be intelligent alien life out there. They too must have discovered cryptocurrencies, and so are likely mining their own supply of crypto; that of which is likely far more advanced - more private, better speculations, better uses, better stores of value.

Is "Asteroid mining" code for aliens mining crypto? Once we encounter aliens in the next few years, they will dump on us with far better crypto. The supply of crypto is literally infinite. This won't be Bitcoin 2.0, this will be Bitcoin 10.0 they dump us with. All our crypto would go to $0. Especially as Elon Musk takes us inevitably beyond the solar system in 2030.

>>24398493
That’s a blackpill if I ever saw one

>>24398493
I hate this

>>24398532
>>24398541
This is why people went from being mainly self-employed to corporations ruling everything
TLDR blame lawyers and grubby crony capitalism

>>24398511
Kek

>>24398564
>TLDR blame lawyers and grubby crony capitalism
thats a long way of simply saying Jews anon..

>>24398493
fuck man thats depressing

>>24398487
I'm currently in Canada. Granted it is retarded here where the fuck do you live that you need a license for painting or landscaping?

>>24398493
>>24398564

Seems like the shit Schiff always goes on about. Big government getting in our way, preventing willing and competent people from working for money from willing and paying customers, all the while asking for a big fucking slice of the cake when we're all done.

>>24397930
try some of the other dealers, APMEX dicks you with premiums, unless it's a coin you cant find anywhere else. use findbullionprice.com to get the best deal, but always double check with other online dealers first.
>>24397967
pretty sure 2021 coins like ASEs are still on pre-order, you got time.
>>24397946
>delivery day
explain. What are these comex futures I keep hearing about?
>>24398179
Amazon, or any warehouse job

>>24398600
Well, yes
But yeah incessant licensing and regulations was put in place by boomers because they were often retarded craftsmen, sue-happy, and trying to price out all competition

>>24398493
seeing this makes be contemplate suicide...

>>24398511
yet the Joozians will still try to hoard all the universes PMs

>>24398609
>landscaping
Calgary
>painting
actually not Calgary, guess I'm wrong
>>24398623
exactly
>>24398632
Who else ships internationally? Cause that's where I get gyped
>they also have me the first-time coupon tho

>>24398490
>license to be a fucking painter in Cali now?
I haven't looked into it, but I assume need a license to paint commercially since you need a license to do everything else. You need a $1000 permit to cut down a tree with a trunk diameter of more than 10 in addition to having the license to do landscaping commercialy. It's absurd.
>Anyway willing to work as a drillers helper?
I don't think things are that bad that I'd need to go to Oregon to find a job just yet. I should be back at my old job again in late January or early February.

>>24397535
Jesus Christ it’s still dumping, does this have anything to do with delivery on the 11th?

>>24398759
dam man i thought regulations were insane here, california sounds like hell. I knew it was bad but thats bonkers.

>>24398179
Sell plasma. You can get 3-4 hundo in a good month.

>>24398632
Gold price is not based on buying/selling of physical metals, but based on paper gold trading, called COMEX gold futures.

As traders ask dor delivery, and as there's not enough physical gold for delivery, bullion banks sell more futures (as if there are more gold). More supply means lower prices.

This forces those who are long gold futures to cover their losses.

This forces a liquidation event that coerces as many parties as possible to not stand for COMEX delivery.

>>24398451
Wouldn't want the immigrants to take er jerbs what are you somekind of jew?

>>24398975
>thinking licensing stops jose' from doing it anyway.
anon licensing is only to keep control over law abiding white goys

>> 24388770
>your tools should be the following
>shovel / pickaxe
>10 gallon buckets
>spoons (serious kitchen spoons)
>wide steel gold pan (lasts longer than plastic)
>a screw driver (bend the end to a 45* angle)
>sniffer bottle for collecting your gold dust in the pan

>Read man, seriously read everything you can on your local gold region. How people mined, where they mined in the 1850s and the ground the gold is situated in. Prospecting is 90% research time, if you dont you will be mining blind.

What the screw driver for? So far I have
Bucket, I should have gotten more.
A plastic colanderwith 3.5mm diameter square holes. (Couldn’t find anything else in person to fit in a bucket)
A steel mesh sieve that’s a bit less than 1/4 that diameter.
Don’t have a pan yet
A mallet
A pointed chisel
A steel trowel

What’s the bent screw driver for?

I was just looking for somewhere easy to get to and quiet I can go practice

>>24398975
i think the goal behind regulation is to make red tape for independent workers while big companies can pay to get through the red tape then hire slave labour

>>24398511
>asteroid mining
I wish that bitcoin shills would realise how retarded they sound trying to convince anyone with a brain about this sorta stupidity. Seriously, muh asteroid mining has to be the one of those midwit filters. They don't even realise they're getting played by the bitter Winklevoss trust fund kiddies who got played by Zuck on Facebook and are now desperately shilling some new scheme to make themselves even richer.

>>24398786
>dam man i thought regulations were insane here, california sounds like hell.
You have no idea how bad it can get.
>When the dump (which is run by the City) needed to expand it had to apply for a building permit from the City which had to be reviewed by City Council for a year before being approved.
>When a business wants to start selling liquor it has to apply for a building permit in addition to going through the process of getting a liquor license and display a large sign out front showing that it's applying for a building permit to get a liquor license. The whole process can take a few months.
>There's a plot of land near my house which has taken 30 years to build on due to the amount of regulation and pushback from NIMBYs.

Reminder this is jp Morgan liquidating retailers

>>24399113
Yes. Licensing laws are marketed by corrupt politicians as a way to help the consumer. In reality the laws only help established businesses by creating new obstacles for their potential competition.

I fail to understand how the average person reconciles the belief that labor laws fuck over big business when big business are always major donors/supporters of labor laws.

>>24399092
you will need something like a bent screw driver or similar tool to get down into the deep cracks in bedrock. I have about a dozen such tools for "Sniping" as its called. spoons come in handy for this as well. If your looking for the correct gear, look up prospecting supply stores online, they will have dam near everything your looking for. Also when looking for a pan, look for a metal one with deep round edges like pic related. They are easier to learn how to use, and you can cook with them too. heres a link to one seller but Estwing makes all sorts as well. https://therockwarehouse.com/Tools/General.html

>>24399092
Fug
>>24388770

>>24399142
you should see some of BC's insane regulations, like forcing businesses to build side walks next to highways that never see people use them, or contracting out people to build a flight of wood stairs in Vancouver for 4 million dollars only to tear it down again.

>PMs getting hammered
>Crypto mooning

feels bad man, not too worried about the losses because I know they will recover eventually, but it still sucks

>>24392850
>Use geovic, find where there was once a high concentration of surface nuggets, take a detector and go lower than the surface.
>https://gsv.vic.gov.au/sd_weave/anonymous.html
>https://www.youtube.com/watch?v=y0jwCaAa1ck

No idea how to find that using that website, haven’t checked the video yet

>>24399352
crypto is just permaretard market moves, I wouldn't worry about it

>>24399352
i might just be paranoid but i have so much anxiety about every thing else, pms help me sleep at night

$21 :(

>>24398179
Seasonal delivery for Fed Ex or Amazon. After Christmas they'll likely want to keep some people long term and you'll be able to go back to your other job at that point anyway

>>24399270
Hey mate, fellow aussie here too, are ya just wanting to do basic panning? You can find pickers in the Yarra but it's illegal to prospect thanks to greenies. There's a tiny stretch of Andersons Creek you can pan but there's hardly anything left in it. I occasionally jump in the Yarra with a garret carrot looking for specimens but watch out for nimbys, way too many bootlickers and wannabe dictators along the yarra cause it's so expensive to have land along it.

If you're wanting to do detecting you'll wanna head out into the golden triangle, pretty much anything between Maryborough, Ballarat and Bendigo is detectable. There's a metric tonne of maps on the Vic State library website, I don't really wanna give away the good stuff since it's a bit of work to scout through but this is the sort of stuff you're after

>>24399361
watch the vid, the website is similar to BC MTO website, this will show you what you will need to find when metal detecting for course gold nuggets. Note though, trespassing or claim jumping is a crime, do ask permission before working someone elses claim or you can be punished.

>>24399510
o man i am saving this map mate for the archive.

>>24397704
You obviously don't understand much. Gold is in a massive bubble right now and inflation is mostly limited to finite resources, e.g. land, not shiny metal that can be printed from the earth.

>>24399584
gay bait

>>24399584
>gold is in a bubble
Justify this. The gold bugs don't try arguing against themselves, I would like to know how it's a bubble

>>24397658
last chance to fuck over longs before dec

>>24399632
The price began first surging in 2019 as deficit spending and the Schiff types began running their usual scheme. Then rona hits and even more people start buying in.

based jews making silver great again. sub $20 cheapies EOY

>>24399556
Vic state library charges through the teeth for access to the physical maps or even decent digital versions, there's ways around it but still a pain. This one has proved useful to me a few times, more for finding fluorite and stuff than gold though

>>24399679
Right but what about that?

Why do people pay $5k for dirt with gold in it. Find $4.7k worth of gold and then say it’s amazing? Saw it on YouTube and was very confused

>>24399510
I wasn’t expecting to really find anything, but seemed like fun, especially if I could find something to break out of rocks like quartz or something. I’m not worried about people as long as I’m in a legal area, gotten used to that from several other things.

>>24399528
I’ll have a look thanks

>>24397535
Why is gold dumping my /pmg/ buddies?

>>24399867
actual institutional investors

>>24399867
because PMs will always be the punished currency but it'll get its revenge someday

>gold 1760
>silver 22
>bitcoin already going back to 19k

>>24399867
Smart money in Asia is selling.

>>24398933
So gold isn't a store of value because COMEX gold futures has no limit printing? So fiat has no bottom, and gold has no bottom, and BTC has no top?

>>24399867
Also, ID checked. I've never seen one with the same character every other character, let alone all capital Z's. Megarare.

>>24399679
But anon, gold isnt really a commodity, it's better viewed as a currency, and against all currencies, it is likely to be stronger than ever..?

>>24399950
Sure but nothing happened in early 2019 for it to be purely a matter of devaluing currencies.

>>24399907
kek this general is getting sad

>>24399936
If my calculations are correct, the probability of an ID like this (aXbXcXdX or XaXbXcXd) is approximately 1 in 2 trillion. Hyperrare.

>>24399584
Lol either bait or you are actually retarded.
>Muh lines
Go back to cnbc you fucking meme line retard. Unless you're gonna argue that the fed is gonna let everything pop (in which case gold is the only thing without counterparty) no one with half a brain would call gold a "massive bubble"

For the last five our so years gold has topped in August/September and bottomed in late November/December. This year follows closely previous years only difference is that the rally was higher and so has this current consolidation been. This only suggests that the next leg up will also be bigger than before and we will definitely see 2000+ gold in 2021.

>>24399972
You fucking dumb bitch
>Nothing happened in early 2019
I pray to god you're trolling

>>24399936
>>24400006
How can I profit from a ultra rare id?

>>24399812
ah pay dirt sellers, its for people who want to pan for gold but cant because of seasonal or other constraints. I bought a $1500 bucket of dirt from Nip and Tuck mine to play with last winter for something fun to do with a friend over Christmas. Its not about making back the money, its something to do for fun.
>>24399742
I would post one of my own maps for my area but the file sizes are huge.

>>24399996
Hey they were suffering for the past three years, let them have the next two months before the cycle starts again

>>24400008
>muh FED
lmao

>>24400052
Save them to your rare IDs folder and sell them later when interest is high.

>>24399907
cryptofag pls go

you already have your own general, it's called 'literally every thread that isn't pmg'. how about you stay there

>>24400008
Why would the fed care about gold prices popping? They certainly didn't in 2008.

>>24400099
Checked, but what the devil kind of autism is this?

>>24400056
Yeah I'm not posting full res stuff here

Let's see fellas, was it a good get or a shit get?>>24400000

>>24400099
Hey anon, can you keep this id for me and send me half the profit when you sell?

monero:45uZqvfG4xNgQBQzr2KiJkBDkRCcmAvumFudjVVQUvvATXT9mUc7DqueNm15jjG4MrZ1aWfRYSyMjXGczdAxuAS44FHnEyq

>>24400099
>>24400192
fresh ERC20 token coming up so that rare ID owners can retain their value on the blockchain

>>24400145
ID strings are only the beginning. I also save ID colors to find the purest ones. For example, I found a near-black ID once that was Red 16, Green 7, Blue 11, and a near-white ID that was Red 235, Green 252, Blue 236. I'm holding out for that perfect 0/0/0 or 255/255/255 so that I can retire off of it.

>>24400114
He`s probably talking about the national debt bubble popping. Likely the gov`t is looking to print and inflate their way out instead of finding a way to pay it off. Looking at their track record this and last decade it`s been their strategy. Hence real yields are likely going to drop as they print to buy up treasuries, and real yields is the single thing gold really tracks.

I know you`re FUDing but this is essentially the bull case of not just gold, but also BTC. The whole whitepaper was created because of this right? All this fighting is needless, we agree on way more than we disagree on.

>>24400114
YOU ACTUAL FUCKING RETARD THE PRICE OF GOLD IS A DERIVATIVE OF THE FED KEEPING THE BUBBLE THAT IS THE ENTIRE WESTERN BANKING AND SOVEREIGN DEBT SYSTEM FROM POPPING GO TO BED SO YOU CAN MAKE FIRST PERIOD ECON TOMORROW

>>24400218
That would be really fun, but people would start to make bots and shit. Imagine if we could tip posters with BAT, it would be really cool.

>>24400287
That'd actually be fun
>>24400239
... why does this actually sound like a bit of fun

>>24400239
Are you going to start an NFT project based on rare IDs?

>>24400250
Anon, you're replying to a coinnigger desperate to offload his bags. He knows that there is no way out for the USD besides printing their debt away via devaluation and starting fresh. He's likely had that told to him in this general several times. He's here to FUD commodities that are apparently so worthless that JPM built an industry over dragon hording it and central banks declared a tier 1 asset.

If he were a bigger nigger I'd call him The State.

Sense apparently we now have to explain that every market in the world called the feds bluff in Q1 2019, pic real is the fed funds rate over the past 5 years. Notice how it didn't move up after THE BEGINNING OF 2019?

Why is silver worth more than a snickers? I can eat a snickers and feel full.

>>24400356
Damn phoneposting

>$21.99
I am now underwater on my stack and yet I feel nothing.

>>24400250
>government pays off the debt
>not the debt is just the government promising a large portion of your labour to someone else

>>24400355
Lol anon did you make that pic

>>24400369
Currency can be exchanged for goods and services. An oz or silver can buy many snickers. One snickers is still only worth one snickers.

whole lot of post on reddit about people selling thier gold and silver to buy bitcoin

>>24400453
>whole lot of post on reddit about people selling their gold and silver to buy bitcoin.

I wish I could laugh at this retardation. but it saddens me that anyone could do such a thing. most people really are dumb nigger cattle...

>>24400421
No, a much smarmier anon than I did it.

>>24400453
>>24400502
I sometimes wonder if certain people aren't right to call us all 'goyim' since so many honestly do act like dumb animals with no higher order thoughts going on. I bet if you were born into the ranks of real power and wealth you'd gradually begin to hate joe sixpack for letting you fuck him over so completely, until you believed he really deserved everything he got.

Should I short XAU /pmg/? Shit is dumping hard

>>24400502
I've talked about this before but what if the average person is just too fucking dumb for pms. They just buy their tsla shares with 1100 P/E ratios and believe the 80iq memes that bitcoin is a store of value, being backed by absolutely nothing and not needed for fucking anything. Holy fuck I despise the human race more every day, just the absurd amount of stupidity constantly displayed by the markets and on different forums. It's hard to take it anymore bros.

my gut tells me to buy gold so i will

>>24400549
>I sometimes wonder if certain people aren't right to call us all 'goyim' since so many honestly do act like dumb animals with no higher order thoughts going on.
You're absolutely right.
If you're above 110 IQ and have people below 100 tell you that your wrong eventually you just grow to hate them because, in your eyes, they're retarded.
Same goes for every other metric, from power to wealth

>DXY at a 52 week low
>Silver not even remotely close to where it was over summer
Its all so tiresome... At least the small amount I have in shitcoins is going up.

>>24400554
Anon, you don't want to play jpms game here. They know exactly where retail piles in and exactly where they can force liquidations

>>24399361
Check the video. Theres an overlay for reefs, but also crown land where you're allowed to legally fossick. Look for crown land with high historical nugget concentration.

>>24400056
Hey Pan Man, I know you're focused on the NA market but are you invested at all in any Australian gold mines? They're going through a nice dip at the moment and I'm wondering whether to pick up shares of Saracen Minerals.

>>24400549
I already stopped arguing with cryptotards. I'm actively rooting for bitfinex at this point.

>>24400681
So the only way is buy and hold too? What if the FED buys gold COMEX futures for gold to fake low inflation?

>>24400572
Do you know how pissed off I am that I had to buy bitcoin because I believe that our society has become so fucking stupid that they would put a DEFLATIONARY currency in place if the dollar collapses? have to hedge that stupidity

>>24400692
I need to spend a good weekend looking over australia again, I have too many company names to keep track of right now too.

>>24400549
>>24400572
At this point I don't mind the jews screwing over the normalfags as long as I'm not caught in the fallout

>>24398776
Of course I could have got sub $20 an ounce at this point had I been patient, but I just HAD to go out this weekend lol. Oh well, I'm still happy with my haul this week.

>>24400734
????
You mean a headfake to make people feel like gold is risky? The bank of international settlement has been doing that since inception

stay poor

>>24400747
Why a deflationary currency is bad? Please enlighten me anon.

>>24400355
lol. Just typing it for the lurkers really. I know some people are reading who're probably shook right now. I just look at the fundamentals and the big picture and it's ultra bullish. You can't be more bullish than ever in the mid to long term. I never know where we're going in the short term.

The chart looks really good. Better than when we went in a straight line up, that's usually how momentum just dies and you're in a bubble. Some don't believe in charts but when you spend enough time looking at them sometimes they start becoming familiar.

>>24400502
Reddit are stupid cattle and I hope they die. All of them.

posted wrong flag earlier

>>24400355

Just typing it for the lurkers really. I know some people are reading who're probably shook right now. I just look at the fundamentals and the big picture and it's ultra bullish. You can't be more bullish than ever in the mid to long term. I never know where we're going in the short term.

The chart looks really good. Better than when we went in a straight line up, that's usually how momentum just dies and you're in a bubble. Some don't believe in charts but when you spend enough time looking at them sometimes they start becoming familiar.

TURN THE COMEX BACK ON!

TURN THE COMEX BACK OOOOOONNNNNNN!

>>24400629
>>24400719
>>24400775
Kind of reminds of me how surreal it feels to be aware of the huge population collapse we're about to face, but there's total silence about it in all media. We're moving into a grand solar minimum, we're finally seeing the results of hitting peak phosphorus a few years ago in crop yields, and feeding the world relies on an intricate and delicate network of sea trade that will not exist once the US stops being the ocean cops for free. We are never getting to 10 billion people, and the die off is going to concentrated in the old world.

Its all there black and white, clear as crystal, but nobody wants to say it, and even in the US Obama sold off the strategic grain reserve we'd had built up with years of harvests. You can't beat Malthus, you can't have endless and economic expansion, and you can't binge spend with fiat without getting a hangover.

>>24400831
I'm going to bed, but someone else here can help you out.

>>24400747
haha that's a good way of putting it "hedge stupidity". I guess you could also say that it's a bet on human stupidity. However I just could not do that since I have 0 faith in btc. I couldn't imagine holding $20000 worth of btc which could at any moment become entirely worthless but that's just because I am poorfag. If I had million dollars it would be easy to buy 1 btc as a bet on human stupidity, but with very limited funds I am buying something I believe in, that is pms and stocks (other than meme stocks).

>>24400930
Going to bed too, enlighten me anons, I will read tomorrow when the thread is archived.

>>24400639
Ever since JPM got a slap on the wrist for the metals manipulation its been suppressed again ever since. I guess the only way for it to end is if they go under but there will probably be another once to carry their torch.

>>24400453
You just need to learn about midwits anon and suddenly the whole world makes sense

>>24400765
No worries, if you do have a look make a post about it and I'll check the archives if I miss it. All the juniors have scary looking charts, rising from 10c to $5 in the past 5 years (like saracen minerals), and while the fundamentals seem solid I'm worried I'm going to get dumped on.

>>24400502
>>24400572
>>24400850
>>24400933
>the thread whose posters stack silver, the original shitcoin, at a ratio of 100:1, are angry about shitcoins
Gold will win eventually. There is no doubt. But the sooner we stop being bitter about the fact that BTC will outpace gold in the short term, the less shitty and depressing this general will be. Buying gold is a long term bet and buying bitcoin is a very risky bet, but they have similar fundamentals. One just has a lower marketcap but will eventually be worthless. It's a tradeoff. I don't hold BTC but it's just pathetic seeing how emotional this general gets about it.

>>24401004
>I guess the only way for it to end is if they go under but there will probably be another once to carry their torch.
Rumor has it that if JP Morgan goes under Blackrock will take over for them.

>>24401035
Every time I see a midwit meme it makes me feel better about myself, as sad as that is. The general populace has been so thoroughly brainwashed at this point that they believe any form of pattern recognition is conspiracy theory.

>>24401051
I mean it's not just the fact that btc is currently outperforming gold that would be tolerable since we live in a clown economy anyway (see stocks valuations for example). However, there are multiple cryptofags coming here to shill btc daily which is so fucking retarded considering that the board is 95% crypto anyway and then there are smg and pmg which are not crypto. Like can these fucking cucks not ruin everything?

>>24401002
No incentive to spend just hodl.

>>24401051
i wont touch a stock for a junior until i ve really snooped around in their history and technical data, but i ll have a look at Saracen Minerals, I think I have looked at them before but its been a while. Hard to keep track of all the different companies.

>>24401004
>>24401059
I sincerely wonder why corporations continue to accumulate boomer rocks when everyone is saying that PMs are worthless
But for real, I don't know. Is it another investment thing that's a long-term play?

How large in diameter is a sphere of 1 oz of pure silver ?
Where can i get something like that? Needs to be a perfect ball

>>24401160
Why so you can shove it up your ass?

>>24401059
Shit first time I heard that.
Makes sense though with how cozy Blackrock has been getting with the fed and their special purpose vehicles.
>>24401155
Its either some grand accumulation plan or simply trying to stop price discovery so that the true value of PMs can never shine. Guessing its just one of their many operations to keep this house of cards standing.

>>24401225
No, so i can use it to make a monkeys fist!

Frens, anytime you see a filthy buttcorn maxi posting
>btc is gold but better in every way
just pasta this :

Ah yes, the famous CPU coated in btc, and the resistors, relay contacts and connexion strips in bitcoin. The famous bitcoin used in electronic devices like GPS and smartphones.
The bitcoin very well known to make jewelry. The anti-corrosion, eternal bitcoin used in motherboards and RAM of every computers for socket connectors and electropated components.
Also the great bitcoin used for sattelites coating, the teeth in bitcoin, The injections of solutions of sodium bitcoinothiomalate to treat rheumatoid arthritis.

The radioactive bitcoin isotope to treat cancers. The colloidal solution of bitcoin tracked as a beta emitter for MRI scanning.
The bitcoin nanoparticles for microcoating and nanomirroring.
The bitcoin, used in every launch of any NASA vehicle, as non-organic lubricant, connector and conductor. The famous bitcoin shields used to stop infrared radiations beyond earth's atmosphere.

I answered this to a maxi nigger and you wouldn't believe the quantity of salt i fetched, a dozen (you)s in about 10mn, of pure rage & cope.

>>24400099
Do you have the NIGG ID from a few days ago?

>>24401325
Post your gold

>>24401399
here it begin :)

>>24401325
oh fugg i forgot to paste the last sentence :
>The bitcoin used as pigment for paints and glassmaking. The bitcoin leaf so your building's roof is shiny. The bitcoin, who can be melted, forged, hammered and drown into lava a billion time and will always keep all it's properties.

>>24401160
According to the speculations visible in the photo it has a diameter of .75 inches.

If this happens every November/December why didn't you tell me before?

>>24401051
I agree with this >>24401127
Tho for me its hearing normies tell me that I should invest as much into BTC because its going to be 500k yet if bring up that I perfer gold/silver as a currency for fiat collapse scenario they think I'm a tinfoil hat because that would never happen.

>>24401051
Hey mate, ausfag here, Saracen is pretty good, I'd hardly call them a junior, they've got great land in Kalgoorlie and are considering becoming a dividend paying company when they hit a cash balance of $150 million. They recently bought the Kalgoorlie Super Pit, which should tell you something, and they're pushing record amounts of output while reinvesting in their own infrastructure in order to lower costs, which is pretty crazy considering their current production price is around 1.1k AUD per ounce.

My meme line analysis says the current correction may continue for a while to somewhere around $3.70-4, so watch it closely. If Saracen announces they're sitting on a lot of cash or hints that they're close, that means they'll announce a dividend and the shares will rocket up.

$50 Silver by January, check em, weak hands get shook

>>24401051
We don't give a fuck about these retards, it's them who come here to spam their ponzi scam like if it was Jesus 2.0, and get angry when you point out it's all based on literally nothing.

>>24397716
Do people really sell there silver ??..... I mean it could crash to $10 or moon to $50 and I wouldn't sell ....... Maybe @ $100 I'd sell some

>>24401904
>Do people really sell there silver ??
Normies who got into ETFs near the top tend to have paper hands.

>silver keep going down
Fuck YES.
The best Xmas present i could dream of is the joos crashing it to sub $20 before the end of december.
I'm glad i was patient and didn't FOMO'd since june (ok i bought 2 tubes of queen lizard during the september dip because i was craving shiny rocks too much, i needed my fix).

I don't really get the DCA meme btw, i only buy when it dip, my average would have been so much higher if i bought let say every first week of each month. I saved thousands bux this way, sure you take the risk of missing the moon mission but it payed off for me.

>>24398179
Knee pads

>>24397658
Black Friday thru Ciber Monday deals

>>24397535
Bought some gold and a bunch of Asahi rounds, r8/h8

Holy shit I cant wait to see bitcuck when it completely goes to 0.

>>24397658
I might buy gold tomorrow

>>24402313
>Call me sir
Wow what a cuck

Gold jumps off a key 1700 level in October 2012, 5k in two years”
November 2020
“Gold jumps off a key support at 1700, 5k in two years”
KEK

>>24401325
when BTC overtakes gold as the true store of value asset, gold will revert back to its natural industrial usage value. you gave many nice examples

>>24402454
Couldn't a simple solar flare destory all your btc?

Haha! Peepee Schiff go Poopoo! Take that /pmg/.

>>24402588
nope

>>24402537
When he says it this way its really time to inverse him

>>24401272
One of my best investments of my entire career was investing all of my portfolio in four blackrock etfs. I am currently at 500% returns. However now its too risky. This was in the obama era when the dow was 17000 and then rocketed under trump. I would say if the systems rigged and you were investing stocks, go with blackrock but stay out of real estate etfs.

>>24401106
In general anything at all contrary to their daily existence is considered to be conspiracy theory tier, and they don't want their foundation rattled. You can actually both agree that institutions (both political and financial) are working against us and not for us. Once you start going into detail and naming names, that's when you start to become the black sheep of the group. I used to attempt to make that kind of discussion, but it's one of those things I always told myself they'll believe it when it starts unfolding. Problem is, now it really is unfolding with 0% interest and giving out free money despite the labor behind circulating said money is almost non existent with the (((virus))) wiping out jobs.

>>24402624
>NOOOO MR SUN IM ON YOUR SIDE, I HECKIN LOVE SCIENCE, YOU CANT DO A HECKIN FLARINO YOULL KILL MY HECKIN BITCOINERINOS!!!!!!

>>24402624
>haha flare go woosh

>>24403212
>>24403227
Come on, btc would come back when the power comes back. This is the asteroid mining argument of BTC

I'm about to go to the bank and sell my 35oz gold. Got tired of this boomer meme. Going to split it between BTC, ETH and LINK.
Wish me luck and have fun with your bags.

>>24403269
>this is the asteroid mining argument
It is an exercise in hyperbole against the hyperbolic retarded arguments of bitcoiners against PMs, yes, except that this is actually somewhat realistic. Geomagnetic storms are very common, happening about every 10 years, and when they hit earth they fuck with anything electrical. Hell, a geostorm in the 70s was so powerful it caused US magnetic sea-mines near North Vietnam to spontaneously detonate. Imagine something like that today when we're even more dependent on tech, let alone what a major geostorm like the Carrington Event would do.

>>24403269
So the blockchains can lose power and start back up?

>>24403269
Please tell me why a "store of value" would revert to something devised by an anonymous Japanese guy that is slower than shit, expensive to send, can be created out of thin air, and pumps and dumps by thousands of dollars by the day. That is gambling in its most purest form. Not even trying to come off as an ass about it, I genuinely want to know the schematics and fundamentals of why this of all things is going to replace gold as the common store of value. And go a step further than "people place value on it" because it's almost a forgone conclusion that the general population is essentially retarded.

>>24403356
Wouldn’t something like that just fry all the satellites, we would be totally fucked without them now we’re dependent on electronics. Surely there’s some shielding built into these things

isn't it about time you all retards sold your god and bought some $BTC $ETH & $ALBT. They will give you better returns on your money than that damned gold.

>>24403372
more likely any drives not hardened against the massive EM spike would be wiped. All powered on equipment would likely fry or loose all stored memory. We would be sent back to the 1950s for at least a decade or more with a strong enough Carrington event.

>>24401630
I read that in the 2019 report and got excited because they had ~120m in cash in 2019, but they didn't mention that target again in the 2020 report iirc so I'm not sure what to make of it.

>>24403384
please be trolling
there are hundreds of well reasoned arguments explaining all this online. You don't have to agree with them, but don't be that guy throwing 1st grade fud like its fresh and anons should hand hold you through it.

>>24403398
some infrastructure is hardened for EM, but major infrastructure such as power grids and most household electronics would be destroyed. The modern world would be fucked for years.

>>24403356
The amount of radiation that gives of EMP required to fry all indoor electronics would absolutely sterilize the sunward side. The danger is it taking out the power grid. Not much else.

>>24403384
I'm not a bidgorner. Its utter shit and stores no value.

>>24403372
Yeah, nothing in the protocol requires continuous operation. However, there could be issues with difficulty adjustment which makes it vulnerable to 50% attack when the first mining farm turns back on though.
>solar flare takes out the entire globe power supply
>countries slowly start bringing it back
>hobbyists start mining bidgorns on their GPUs again, (the network doesn't know anything about EMP, adjusts difficulty downwards)
>first warehouse miner comes back online
>51% attack
>steal all them whale bidgorns

>>24403434
Not buying your bags fag

>>24403551
As I said previously:

>Not even trying to come off as an ass about it, I genuinely want to know the schematics and fundamentals of why this of all things is going to replace gold as the common store of value.

A store of value is meant as the safest means of storing your wealth. Based on that definition alone, something that literally dumps by the thousands by the time you wake up for breakfast isn't exactly storing anything. Anyone that decided " I'll finally buy a Bitcoin" isn't smart enough to wait for said dump. They're buying it right now just under ATH and are definitely getting dumped on and being forced to hold it for an indefinite amount of time. At that time, they'll just be thankful to be out from under it.

It was said before, but it is a bet either for/against the stupidity of mankind. Something like that only the extremely wealthy can really afford to gamble. And until it shows any kind of actually price stability, it's not a store of value. There is nothing tangible to back it up.

>>24402313
>call me sir
boomie detected

>>24402454
>as the true store of value asset
what value though? lmao

>>24401051
Diversify. I hold bitcoin and gold. One life brother, one shot.

Friendly reminder

>>24403808
The fact you're talking about 'thousands of dollars' over a single day and not % over years exposes you for a brainlet or troll If you really care to understand the arguments, google them.
Right now you're parroting elementary fud thats been discussed ad nauseum, so you just look like a fool

>>24404048
Highly volatile assets with a brief history cannot be considered a store of value bud. BTC is a speculative asset

>>24404347
ok? literally nobody ITT has claimed BTC is a store of value right now. I certainly didn't.
So you're just sharing your thoughts on this with me why?
I seriously overestimated /pmg/'s intelligence.
Good day frens, I'll be going now. I also enjoy the shiny rocks. Shiny rocks good.

>>24403926
something something redditquette but THIS

>>24404048
No this is a brainlet argument with zero understanding of economics. You can't do business with "an asset" like bitcoin which value displays extreme volatility due to gaining its value solely from speculation and the greater fool theory. No business can ever made deals nominated in btc since if they have bad luck with timing they just go under. This is one reason why unbacked "assets" will always be for speculation only and never widely adopted.

>>24402416
Lol there’s people In here that actually respect schiff when all he’s done is scare people, convince them the financial worlds ending and dump his bags at a premium on spot. Smart guy, bad liar though

>>24404829
I disagree. One day Schiff will be vindicated

he scared them out of stocks during and before the massive tech boom, he scared them out of bitcoin before it went a few hundred x, he scared them into gold which lost against inflation, you’d have been better holding fiat in a savings account at 1% a year. He scared them into silver which is just ruined, jesus looks like schiffs lies are unravelling as we speak see his diatribe against btc lately

>>24404868
he’s afraid of bitcoin he knows he can only suppress the truth for so long, who the fuck who want gold when btc is vastly superior as a hedge against inflation due to it having lower inflation, a fixed supply and a halving every 4 years which is what got gold it’s 4 digit price tag.

>fell for the silver meme
I'M FINANCIALLY RUINED!

>>24398623

Peter Schiff definitely redpilled on how wasteful the government is. It was even more obvious after working for the government. People will literally kill themselves to have a pension if it means working in a miserable department. I witnessed people with 20+ years retire only to die a few years later. Eye opening and quite sad. I quit that job after 5 long years.

>>24404868
Didn't read, still buying gold

>>24405031
When? Everyone here said we’d never go below 20$ silver ever and now it’s likely here this week alongside, guess I’ll wait to buy more at $15 again like March

>>24404868
I dont trust schiff, I trust 5000 years of history.

cryptoanon here I warned you faggots back when btc was 12k, this trend of dumping bullion for bitcoin is only just beginning. you’ve been warned /again/ that metals will lag heavily against btc for the next four years.

>>24404641
>literally nobody ITT has claimed BTC is a store of value
See: >>24402454

>>24398493
The Jews fear the black market septic tank installer

>>24404868
>Gold losing against inflation
Here is gold vs inflation for the past 50 years

>>24404901
>Afraid
Yeah, being able to trace your wealth surely makes them afraid

Guys, I'm tempted to buy some OTM Barrick Gold options with maybe 6 months expiry on open. Nothing crazy but getting some more exposure. Is this really it for gold, no one gives two shits anymore?

How much of Barrick's operations are in copper? At least that is mooning right

>once again pmg is constantly raided with cryptoniggers
>6 threads on /biz/ just to mock gold/schiff and praise BTC with 80% of the posts being just "lmao boomer btfo" and "i told you so, btc 500K 2021"
If i were a shitcoin holder i would take this as the biggest sell signal ever.

>>24405648

Peter Schiff is a faggot and minerals pump literally once in a decade. There will not be a situation ever again where gold will outperform Bitcoin in a period longer than 3-5 years.

It seems they are about to ban stablecoins along with CBDC launch.

If there is no stablecoin, Bitcoin will crash as the entire Tether ponzi scheme will be no more.

https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in201130~ce64cb35a3.en.html

>>24405568
DYODD

>>24405866
Of course they will, central banks can't stand competition. They have total control over the world, and destroyed the whole banking cartel in barely a decade (started late 2010) just by imposing them NIRP and ZIRP. If they can put on their knees giant mammoths like HSBC, DB, SG, or BNP, it will take the jews few months at best to make all shitcoins -but their own CBDC - totally worthless.

The thing is most cryptocucks are totally clueless about real economy, they just like to gamble on virtual casino and think they are smart for being the greater fools of a ponzi.

>>24405866
I can't wait for crypto cucks to get rugpulled when the government ban fiat on ramping and force their shitcoin upon the population

And normies will actually think FEDcoin will be 'safe' crypto when in actuality it won't be a crypto at all, just another digital fiat.

>>24403926
this

Maybe I'm too dumb to grasp the panic, but cheaper PMs is a reason to celebrate, in my book. In a long enough timeline, PMs will always be the best game in town. Doesn't matter how bad things get on a given day. I'm in it for the long game, though: generational wealth, not looking for a quick buck.

>>24405672
>There will not be a situation ever again where gold will outperform Bitcoin in a period longer than 3-5 years.

completely arbirtrary, totally uninformed post(refering to precious metals as 'minerals' wew lad)

this blatant arrogance is even stronger than what we saw at the peak of the last crypto bull run. crypto will no doubt go a lot higher from here but god damn 99% of you so called 'investors' are going to get so fucking played by people who actually know what they're doing.

>>24405866
I'm waiting for the terrorism red flag event that the MSM hype to high heaven (same deal as covid), and suddenly crypto on ramping is banned. If digits then it'll happen in 2021

>>24406166

>>24406166
Hm. Checked.

Meanwhile btc continues to rise as gold dumps and now pmg fags talk about their fantasy scenarios, you cucks have been wrong for so long you will never be right

>>24405151
>you’ve been warned /again/ that metals will lag heavily against btc for the next four years.

completely arbitrary, inane, baseless predictions. and you expect anyone here to bother responding to you?

Guys, WHat is your opinion about baseprotocol.org?

Read many helpful reviews about it, everyone are talking that this is the new DeFi Gem. What are your thoughts about it?
Is it good idea to invest in it now?

Anyone else hoping the cyber monday PM sale will continue? What are the chances theyll go even cheaper? I need some more gold

>>24406390
(you)

>>24406428
It seems like the dumping has stopped, hopefully it’ll hover around $21-$22

>>24406428
I’d wait for the March lows to get tested again personally, give it a few months there’s nothing to be bullish about

>>24397535
>it’s going back up again
FUCK FUCK FUCK BUY NOW THIS IS OUR LAST CHANCE BEFORE THE MOON MISSION AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>24405866
>Recently, we have seen the emergence of stablecoins, which try to solve crypto-assets’ problem of a lack of stability and trust by pegging their assets to stable and trusted fiat money issued by States.[9]And the issuers of “global” stablecoins, which target a global footprint, further aim to introduce their own payment schemes and clearing and settlement arrangements.[10]

>Although stablecoins could drive additional innovation in payments and be well integrated into social media, trade and other platforms, they pose serious risks.

>If widely adopted, they could threaten financial stability and monetary sovereignty. For instance, if the issuer cannot guarantee a fixed value or if they are perceived as being incapable of absorbing losses, a run could occur. Additionally, using stablecoins as a store of value could trigger a large shift of bank deposits to stablecoins, which may have an impact on banks’ operations and the transmission of monetary policy.[11]
- Christine lagarde

Kek. They just declared war. Its over for cryptocels.

>>24397915
>However, everyone rich wants their fucking gold and silver, especially the euros
hot info from euro here, bought 520oz of silver this week, a LOT of people are buying physical precious metals.

Warsaw,Poland approx 2-3M people, business capitol of the country. called local dealers around my town
>gold is being sold out in record numbers
>3-4 days of waiting to get your ounces of gold
>silver is getting hot af aswell, physical in like 100-200oz on hand, other numbers you have to wait

local ebay "Allegro" , the sales are spiking hard, because we are projecting around 4% inflation, highest in EU.

physical in spot prices with good deals in big quantity is very hard to find and there's 2 weeks almost of waiting because they have to import it.

masterboxes or 250oz+ on hand is only from resellers with big margin.

i think shortage of precious metals is around the corner, and basically everyone with 3 digit IQ is looking to allocate assets from cash for what's coming in 2021.

because it won't be pretty around the globe when effects of shutting down economies, and basically bailing out branches of it so people wouldn't land on the street (they still did).

i think long term effects of Rona starting lagged in spring, and then PM could start to run.

Silver will drop -1$ each day for the rest of December. In the end we will get paid to take worthless silver.

>>24406676
Big it true

Would you gentlemen buy SILJ options or Barrick Gold options here?

Dumped a little over 4kg of silver last week and my local bullion dealers aren’t even paying spot, I had to take a 3% haircut, another wanted a 6% discount what a fucking scam, never again will I touch this shit. you idiots all pretend there’s some artificial demand when really there’s low demand, they just try and restrict supply to justify their premium and to also play the swings as this shit trends down to single digits

not regretting it since the prices have dumped more then that and I see us heading back to the March lows by January

>>24406745
>he sold the dip
NGMI

>>24406782
the crash starts below $20

>>24406745
>Buy high sell low
NGMI

>>24406745
Newfags take note. realistic expectation for sales of physical. Thanks for selling, now the real bull run can begin.
>he sold?

>>24406664
>>24405866
>which may have an impact on banks’ operations and the transmission of monetary policy.
Just noticed this. Pay careful attention here. She's ready to dunk on cryptards as a matter of monetary policy. ie Completely and legally within HER jurisdiction. She won't even need the EU. (If they happen to grow balls in the first place)

I'm glad I decided to lurk in /pmg/ instead of shilling link like everyone else. 2 years ago I wouldn't even have noticed this. But now I'm that less of a goyim.

>>24406745

Another fund managers out, yikes

>>24407213
you should’ve sold the obvious top at 30 but better now then at 10

>>24407213
Another Bitcoin pajeetry by a pajeet

>>24407213
Saved. The date is just too perfect.

>>24406745
Hahahahahahahahaha

>>24405866

a few people here have said that btc could be used as a reserve currency with layer-2 solutions. without a realistic estimate of how many transactions it would have to process per day (due to on-chain transactions either triggered by hashed timelock contracts or just ordinary transfers), i'm not convinced that this would work. plus each transaction involves a random third party, the node that mined the block, who will be paid a relatively high fee. there certainly could exist a conflict of interest between miners and users.

the main strength of distributed ledger technology is fault tolerance and redundancy, which depend on the number of nodes in operation. protocol inefficiencies are multiplied by the number of nodes, and transactions are essentially processed sequentially rather than in parallel. the hashcash algorithm was designed to be inefficient as a stop-gap measure for email spam. not a basis for digital currency. with POW, if you have mass decentralization, you have massive inefficiency, and thus massive transaction costs.

>>24397535
has kellog replaced asahi as the new meme?

>>24407619
>people here have said that btc could be used as a reserve currency with layer-2 solutions
>layer-2 solutions
So it doesn't even work in their own delusions.

>>24407619
cont.

taking this into account, it would be grossly irresponsible to adopt btc as a reserve currency. i don't think they'd do something quite that senseless.

when you step back and look at it, bitcoin is a slow transaction processor.

>>24407697

even more than the scaling problem, i think there's a serious conflict of interest when you involve mining fees, and most of your miners are running specialized hardware. bitcoin miners are not an unbiased sample of the population, and through wash trading you could transfer a huge amount of money, possibly public money, to those groups.

there's also a more general conflict of interest between miners and users, which others have explained.

It's all too convenient.

Governments and financial institutions have relied heavily on suppressing the price of precious metals for decades, effectively stopping capital flight from the fiat system into sound money.

We have seen unprecedented increase in physical delivery on the COMEX this year, the COMEX being the very institution that enables them to price control PM's and commodities.

Wikileaks revealed a document between the US treasury department and the london bullion banks, discussing the threat private ownership of precious metals has to the '''world economy'''

https://wikileaks.org/plusd/cables/1974LONDON16154_b.html

We are seeing massive supression of precious metal prices on the COMEX so that future contracts expire worthless and that they cants stand for delivery, and run them out dry.

Look at the raging debate that is occuring right now on /biz/. there is no discussion about wether or not the fiat system will collapse because we KNOW that it is inevitable, and that we are in an inescapable debt trap.

We KNOW that there will come a time when massive stimulus is unleashed the likes of which we've never seen, and capital flight will take place like a tsunami and find a home in Precious metals and crypto.

What do you think happens when the physical demand is too much for the COMEX to handle and their instrument of control is broken? When true price discovery is FINALLY bought to Gold and Silver, what do you think we will see?

Weak hands look at the stars, because they belong to us.

>>24406745

What brand were the kilos?

>>24397535
Does a second stimulus pump or dump the price of metals?

>>24407853
How low it will go? I don't think it is a bad decision to sell now before and buy later when the prices rebounds.

>>24407853
This gives me hope, I was finally able to convince my dad and two of my friends to go into Silver. everyone else laughs at me and says I am retarded for not going all in on the best economy ever... I want to say "I told you so" but I realize that it may become so destitute that those same friends may try and rob me.

Any word from the namefag "Schiffwillwin"? I enjoyed his posts and shilling but fear that he OD'd or got shut down.

>>24407951
It should go up, but nowadays you never know since all the fundamentals are broken.

If only TSLA fags knew how bad things really are.

The Jung sperg in me feels like the sudden drop in Dec contracts standing is because people know shit is about to go down. Check Deso's twitter for some good info. Compared to the amount of shadowcontracts at the end of Nov, this is a TINY order amount on what should be the highest delivery month of the year.

>>24406765

This was a terrible time to sell man. We wont even know whats happening with shit until January. No one should be doing anything about anything until Jan 31st.

>Election
>Stimulus
>Debt Reset
>Rona
>Evictions

We dont know where any of these are going but in January we'll have a much better picture. Wow man, again, now is a terrible time to sell.

>>24407675
Come back when kellog makes ball valves

>>24407349
What about the date im missing?

>>24408314
Schizo theories out there (with plenty of circumstantial evidence) saying comex will run out of gold in december.
December 1 is the first delivery date for December conrract.
Selling gold on Nov 29th (1 day before DEC 2020) could end up being the most justed trade of all time.

>>24397658
Comex delivery is looming, they want to get their hands on cheap physical or dishearten people from taking delivery. Hold tight, we're all gmi.

>>24408413
>Schizo theories out there (with plenty of circumstantial evidence) saying comex will run out of gold in december.
Haven’t people been saying this shit for years and it’s never happened?

>>24407619
The thing I dont understand about cryprocucks is that money is already digital. I purchase things online digitally. I get paid digitally. I havent carried significant amounts of cash for a decade. I dont know what they mean by "bitcoin is digital money" when it already is.

I have a bank account I log into online pr an app. I use a password to get in. My employer pays me with a routing number. Its already fucking digital. The banks already control this shit.

The only benefits bitcoin has over that is that its "anonymous" but yeah right because everything is controlled and monitored, you just dont know it and the other benefit is "number go up" but then again you can lose half your shit in one evening and take five years to build it up.

If the banks want "digital currency" they basically already have it, and if they want to use something they'll make their own. I cant imagine in what retarded world everyone just goes " okay, lets use this bitcoin stuff" but honestly in fucking clown world id not be surprised.

Is this bullish or bearish

>>24408464
This one guy on twitter has particular set of autistic skills. Honestly sounds like a 4channer himself. Make your own conclusions. https://www.desogames.com/shadowcontracts-and-a-history-of-comex-manipulation-in-2020/

>>24407853
AND EVERY DEALER IS SOLD THE FUCK OUT AND THEY ALL SAY THIS HAS NEVER HAPPENED BEFORE.

>>24408541
Extremely bearish for the market price, they're gutting the market with the paper dumps while COMEX has to take metals from China to supply the demand. No matter what happens, if you already bought, it's pointless to sell. Wait for the new paradigm and hope that the Elites have not chosen the Crypto to be THE next financial system.

>>24408483
Benefit of bitcoin is that it's not controlled by central bank so can't be inflated away, "be your own bank"

The problem is that because it's so deflationary nobody wants to spend them . Also the "anonymity" isn't really anonymous because the ledger is published and open so if your bitcoin wallet address is known and there's a transaction of btc going from your Wallet to buy Dragon dildo then idk

>>24408483
You have a severe knowledge gap of what blockchain is and why it’s so important. You should fix this.

>>24408464
Difference is that shit is fucked in the high level gold trade right now. Look at the "shadowcontracts" on the comex. Their existence isn't a conspiracy and the reason for them is obviously a few guys with lots of money are trying to move ounces from the fractional portion of the comex to the "more allocated" position of having warrants without majure clauses.
The "conspiracy" would be that it's jpm or standard chartered doing it, but that doesn't matter. It means that people are getting spooped.
Online retailers are still paying spot + to buy $1,000 dollars of tarnished silver from joe blow.
Large buyers are going directly to mines and buying unrefined dore bars.

I don't think the comex is about to fail, but it's obvious that people are done with the comex game right now.

>>24408667
The best part is its all completely legal. That's the part that got me listening.

>>24408577
Deso 100% has been in pmg. I remember a guy a while ago saying that he moved 100% into allocated gold after the repo crash and other shit. No way that neet autist hasn't been on here

>>24408655
I dont care to but thanks anyway.

>>24408667
Can you explain more

>>24408644
Gold is also deflationary and no one spends their gold. I’ve spent more of my bitcoin than I have my gold simply because I can easily use it online whereas it’s impossible for me spend gold online.

>>24408740
>admits he lacks comprehension of something that’s made people millions
>doesn’t care to learn
Stay poor

>>24408483
>I dont know what they mean by "bitcoin is digital money" when it already is.

your bank balance is probably stored in a relational database which the bank administrates. btc is issued through block rewards and transferred when you sign a message and transmit it to miners. after they "mine" it, it's part of the blockchain. this works because there are a lot of nodes. if many people agree on blockchain X as their preferred ledger, then through the miracle of public key cryptography, there does not need to be a central authority to manage it.

naturally the problem is achieving a fair distribution and building consensus, but beyond that bitcoin is self-limiting in terms of transaction throughput and efficiency. the only real solution to this is through non-custodial wallets where your transactions are facilitated by the exchange (via layer 2 or some other internal system), but then you run into the same problem of having central authorities.

>>24408812
What makes you think Im poor? How do you know whether im invested in crypto or not and I certainly understand what a block chain is.

Just imagine how fast comex would actually default if even a small number of these crypto zoomer moonbois would be buying physical silver instead of their shitcoins. Butcorn has 500 billion market cap. Silver's yearly market cap is around 20-30 billion at the current prices. It really would not take much to implode the bankers silver scheme if people weren't so fucking mislead with all different crypto projects that supposedly are something other than another "fiat" or pump and dump ponzi scheme. It truly saddens me.

>>24408766
Gold has been "spent" and used as money for thousands of years up to the 1970s.

>>24408762
So the comex is designed to allow people to sell future gold and silver production at a set price today. That way you can remove price risk. So I expect to mine 5000 ounces of silver of the next 3 months so I sell a contract on the comex to someone that wants to buy silver. They need the silver and this way they also don't have price risk. Neither of us has to actually settle in physical silver (which is involved on the comex) because you're going to be taking 5000 ounces from a refiner/wholesaler and I'm going to be selling 5000 ounces to a refiner. The contracts just get closed out at the end for cash and everything works as it should.
Then the fractional bankers showed up and realized they could control price swings and profit off of it. I'm sure you get this part. This lead to gold & silver being too cheap after March, so everyone showed up to the comex and started asking for their shit. They're allowed to do this. Problem is that everyone also knows that every contract isn't backed AND that the actual metal stocks aren't audited so no one trusts them. This creates a system where it's in no ones interest to ask for $2 billion of silver at once because that would cause a rush and everyone would take a haircut when it defaults.
So *some guys* figured that they would essentially self deal metal to themselves after the contract already goes into delivery. This doesn't make any sense from a futures market. The point is to open the contract way ahead of time. These guys are opening a contract, fully paying for it, and taking delivery on the same day.

The problem is that it doesn't make ANY sense for a seller to agree to this. The only logical conclusion is that major bullion banks are using this method to either move metal from their fractional trading desks' books to their general accounts or they are doing this to move metal to wealthy client accounts for large fees.

People are concerned about solvency, which makes people fear solvency.

>>24408928
>the only real solution to this is through non-custodial wallets where your transactions are facilitated by the exchange (via layer 2 or some other internal system), but then you run into the same problem of having central authorities.
cont.

or using a crypto that does not rely on proof of work. even then, on-chain transactions are likely to be expensive to limit the size of the blockchain and the network traffic it generates, but there's really no need to use an algorithm like hashcash for this, since you're fighting inefficiency with more inefficiency.

>>24406154
>>24406251
>>24407619
>>24407838
>>24408483
>>24408644
>>24408655

Finally came back to /biz after leaving a few years ago due to crypto shit ruining everything. Thought I found refuge in /pmg, so much for that. Crypto-maximalists HODLing 1/64th of a coin shitting up this thread too. (And I say this as someone who owns most of the popular cryptocoins)

>>24408766
Gold supply increases so it's not deflationary retard. Bitcoin supply would slowly decrease making it deflationary. Gold money means it's stable with commodities because gold tech increases mean more gold is produced and more commodities are produced. It's the human labor input that makes prices "deflate" in terms of gold.
Inflationary currency means increased supply over time
Deflationary currency means decreased supply over time.

>>24409193
Yep...there are no safe havens against crypto moonbois they are literally everywhere and you can't escape them. This has made me hate almost everything crypto related with a burning passion.

>>24409175
cont.

and if you believe that bitcoin is actually a state-sponsored project and that it will be integrated into mainstream finance, then you can bet it's a way for them to manufacture consent for massive deflation, rather than take blame for the inevitable outcome of a poorly-planned economy.

>>24408946
Gut instinct. Now you’re trying to walk back the lack of knowledge you already admitted to as well as your lack of interest. Poor dumb people do this cause they’re terrified of being perceived as dumb.
>>24409038
Yes, and right now bitcoin is easier to spend because internet.
>>24409193
Biz was literally created for crypto
>>24409210
Bro, inflationary means increased prices
Deflationary means decreased prices. Gold is deflationary because the cost of items priced in gold decreases overtime despite the 1% supply inflation of gold. This happens because the overall growth of the economy tends to be larger than gold’s supply inflation making the same unit weight of gold account for more value in the overall economy.

>>24409476
All they have to do is announce a state sponsered (requied) second layer and make it illegal/noncompetitive to use another L2 (make taxes receivable only in TreasuryStream). Everyone now only trades/accepts TreasuryStream. TreasuryStream starts inflating supply. Other L2 start to go up in price. No one trades Free L2s because of Greshams law.

Congrats. Because cryptocucks never studies econ or history you've allowed the government to do the same scam all over again.

>>24409476

hopefully though, this isn't the case and bitcoin will be quashed. i am slightly worried though, since these "false revolutions" seem to be quite a popular public relations tactic. BLM, open borders, etc. etc. they'll sell the middle class up the river before they let themselves be held accountable.

>>24409700

this sort of ruse seems a little too obvious. i don't think they'd arbitrarily inflate the bitcoin supply.

>>24409562
I really dont give a fuck either way. I dont care about you and who you are. I dont care about crypto. I make plenty of money on my own and dont give a fuck either way. I just purchased a brand new home in cash and I purchased a brand new vehicle In cash last year. I also just bought 40k worth of gold and silver and I have plenty of money invested in wide parts of the market.

I know that you desperately want me to, but no, i dont give a fuck about you and I dont give a fuck about crypto even though I have money in it.

>>24409562
>admitted to

What opinion of yourself do you have that you think I would "admit"anything to you. I dont give a fuck about you. You dont hold me accountable to anything. Youre not Steve Wilkos

>>24409193
I hope they lose everything.

>>24409103
Thank you

>>24410009
>You dont hold me accountable to anything. Youre not Steve Wilkos
>OR MY DAD
>OR GOD
This is the vibe im getting

>>24409193
>points out flaws in bitcoin
>is called a "crypto maximalist" by sperg

Never change pmg

No need to make another /pmg/ lol

Don't embarrass yourselves any longer

>>24410314
>tfw using my crypto gains to buy more PMs
Lol ill give you a merc dime for 12,000,000 LINK in 3 years :)

FUCKKKK YOUUU BROKERRRRRR
MONEY BEEN OVER A WEEK IN TRANSIT!!!!

DO NOT MAKE ME MISS CHEAPIESSSSS.....
seriously though... metals tanked 7% but my miners only 5%? what the fuck is this?

>>24409718
I dont support satan nigger technology anymore. I dont even have a Facebook.

>>24410629

i've never had one and don't plan on making one.

also what the fuck...volume is really small... even for start of day... what gives? something smells off to me

>>24409970
>>24410009
>replies to me twice
>thinks he doesn’t care what I think him