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/biz/ - Business & Finance


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24410880 No.24410880 [Reply] [Original]

We Knew This Day Was Coming Edition

Bullion dealers
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://providentmetals.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.com/
https://gainesvillecoins.com/
https://silvertowne.com/
https://schiffgold.com/
https://goldsilver.com/
https://pinehurstcoins.com/
https://sprottmoney.com/
https://goldsilver.be/en/
https://silvergoldbull.com/
https://www.goldeneaglecoin.com/

>Constitutional/"junk" silver info
https://jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
http://coinflation.com
http://coinapps.com/

>Compare
https://findbullionprices.com/ (US)
https://eu.compare.pm (EU)
https://www.gold.de/aufgeldtabelle/ (EU)

>News
https://kitco.com/
http://silverseek.com/
https://mining.com/

>Bullion tax info by state:
https://apmex.com/state-sales-tax-information

>Prospecting
https://www.youtube.com/watch?v=ZCL6FKQZyoM
https://usgs.gov/energy-and-minerals/mineral-resources-program/science
https://gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
https://mndm.gov.on.ca/en/mines-and-minerals/mining-act
https://amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
https://www.youtube.com/watch?v=3mg9YcAShTo
Magnets
https://www.youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

EU/ENGLAND sources
https://www.chards.co.uk/ [Much cheaper than BullionByPost]
https://goldprice.eu5.net/ [Website to compare gold prices for UK]

Russian/European coins
https://oldsilver.ru/

Previous thread: >>24397535

>> No.24410943

christ you people are dramatic. i can only imagine what this placed looked like in march.

>> No.24410967
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24410967

>>24410880

>> No.24410994
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24410994

BTC is about to have mega dump and when that happens i am going to shit this board like you wouldn't believe.

>> No.24411008
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24411008

HAHAHAHAHAHAHAHAAAA

>> No.24411070
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24411070

Not selling

>> No.24411094
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24411094

Alright pmg, the best series on macro/monetary system on Youtube, for those bored and wanting to hear brilliant discussion.

Making Sense Eurodollar University Episode 37

3 parts

https://youtu.be/B8zfz0EbcZA
https://youtu.be/-n4KYLWJktI
https://youtu.be/S_weoRXWALo

>> No.24411113

https://seekingalpha.com/news/3639568-cleveland-cliffs-gets-doj-antitrust-clearance-for-arcelormittal-deal

moon mission

>> No.24411115

FUCKING PIECE OF SHIT $AG GO RED ALREADY

>> No.24411166
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24411166

Also, good watch from a couple days ago. Good macro thoughts.

https://youtu.be/_G98qND48sk

Gold Leads Stocks Lower Into Insolvency Crises

>> No.24411219

APMEX cyber Monday, all quantities get same price

>> No.24411220

What cheapies do I buy today, /smg/? I kinda wanna get more INAQ.

>> No.24411247 [DELETED] 
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24411247

ahem, I have an announcement

Fuck jannies
Fuck riggers
fuck slow brokers
fuck buttcoiners

>> No.24411277

Guys I bought in at 27$ when am I less fucked? 500 oz whale

>> No.24411352

>>24411277
Checked. You'll be happy to know, that as of Monday, November 30, 2020 at 10:15 EDT, 1 ozt is still 1 ozt.

>> No.24411405

Redpill me on whats going to happen (if anything) with the COMEX starting tomorrow

>> No.24411470

>>24411405
The COMEX collapse meme is literally decades-old and never happens

>> No.24411482

>>24411277
Ouchie, you won't know for a month or two. Not to worry, I know a guy who bought 300oz of generics at $31+ and was trying to me at $29 the other day lol...

>> No.24411524

>>24411405
The real redpill is that nothing is going to happen. I get what *should* happen, but you need to learn from the Hunt's. Banks and regulators are scratching each other's backs. They aren't going to let things all apart like this. Obviously, they will ultimately fail, but they aren't going to lose a major signaling tool this early in the game. Something like a COMEX default would only happen as they were truly not in control anymore.

>> No.24411683
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24411683

>>24411070
Buying.

>> No.24411773

>>24411405
Keep in mind they can defer deliveries until 31st DEC. People would start asking question much earlier though.

>> No.24411804

ah so glad i sold my PLTR and on Friday and bought THCB

>> No.24411875

Has the Bayhorse moon mission started yet?

>> No.24411911

>>24411405
Nothing is going to happen, the said the same in september, it's a meme, prove me wrong

>> No.24411946

>>24411352
Yeah but last I checked paying 27$ for a stalk of celery still means it's celery and you paid too much for it.
>>24411482
I hope. I have another few grand I want to dump but red candles are all I see lately.

>> No.24412044
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24412044

>>24411875
DiD sOmEoNe SaY bUtThOrSe!?!?!

>> No.24412205

>>24411470
>>24411524
>>24411773
>>24411911

But how much longer can the ruse continue? These are unprecedented times and there has been a run on delivery for months.

>> No.24412249

>>24411946
You may have gotten into PMs with the wrong expectations, probably fueled by someone who is actually either ignorant of the real macro forces or just trying to sell you silver. PMs are long term holds. It's insurance. It's not a moon shot. There will likely come a time, and maybe n the next few years, where having PMs will save your wealth. But right now, deflation is the order of the day. We are headed into an insolvency crisis and everything tanks with that. Do you lament when you pay your homeowner's insurance premium and your home doesn't burn down?

QE is not money printing and hyperinflation isn't going to take off until some time after UBI happens...which is anybody's guess. In the meantime, stack PMs because you like them and consider PMs on sale today. And maybe even a bigger sale soon.

>> No.24412309

>>24411946
Relative you payed too much, PM's are for holding. They have NEVER been a get rich quick scheme even though I think the possibility is there. I hold for my kids. Anyone who is actually a stacker and not someone who just bought in to a fad thinking they were going to hit it big next month, will tell you it is a continual thing , you keep buying , never overextend yourself buying PM's , try to buy the dips and keep your cost per oz as low as you can. If you just decide out of the blue to buy KNOWINGLY 500 oz while silver is up that you are going to the moon , you have no one to blame but yourself

>> No.24412364

>>24412205
Please come with arguments or evidence instead of:
>But how much longer can the ruse continue

Really, I want to put more money in PM's, but I am afraid that gold will dip even further to $1500 or lower

>> No.24412459

this is the end. It is going to bottom price and stay there for five years

>> No.24412461

>>24412309
Exactly this, PM's are a hedge or an insurance not a get rich quick scheme. The crypto pajeets on these board don't seem to get that

>> No.24412503
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24412503

the dollar is fucked, PMs are gonna soar eventually

>> No.24412518

>>24412459
>Source my ass
Get out

>> No.24412573

>>24412459
Please god let this be true. Imagine 5 years more to stack cheapies...

>> No.24412603
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24412603

>>24411247
BASED Peter Poster

>> No.24412638

I filter the deflation fags just like I filter crypto fags and anyone that says "pms cannot go up in value you're just saving purchasing power". I get "don't expect a 10x gain", but the idea that the demand for gold/silver cannot increase relative to increases in other assets in literally retarded.
Also "insurance" is literally a moonshot you retards. The entire idea is you go +/- 5-10% forever in a range and then suddenly the contract nets you 100x your premium. I'm not saying that's gonna happen with gold, but that is how insurance works, AND everyone in here would be considered "overinsured" if you use that retarded concept for pms.

>> No.24412640
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24412640

>>24411277

>>SILVER at 29.05 CAD on PMX Canada
>>Every minted coin selling at 35 CAD

WHAT THE FUCK IS THIS?

>> No.24412685 [DELETED] 

>>24412364
Honestly, it could dip to $1500. When you look at the macroeconomic forces in play, there's nothing happening immediately that would say gold needs to go higher, other than as a panic play after the next crash. All the momentum right now is deflationary until Congress starts talking big time stimulus. I anticipated this price movement and none of this is confusing to me, because it's following the macro forces which are deflationary. The only people confused about this right now are the ones who think Schiff understands the monetary system. He doesn't. He' right long term, wrong short term.

PMs are not for moonshots. Physical is physical. You buy it for collapse insurance and long term savings. It just so happens, that we may be on the precipice of a currency crisis, but "precipice" does not have to mean in the next few months. We've go trouble, just don't expect line go up right away. Physical PMs are an excellent asset to hold, but they are not the best right now for price speculation and gains.

>> No.24412714

>>24411070
what if someone just steals the safe?
Why don't you bury half of it in concrete in your basement or something so it cannot be moved from the premises but you can still access it?

>> No.24412786
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24412786

Let it crash so I can buy more!

>> No.24412788
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24412788

>>24412640
welcome newfren
The spot price, like the entire stockmarket, has been completely disconnected from reality this year.
Also friendly reminder, that 21% of the all-time dollar supply was printed this year

>> No.24412807

>>24412640
Holy shit newfag, the march lows set a new precedent for pm pricing in these unprecedented times. If you haven't been around long enough to know that you should lurk moar

>> No.24412824

Just wanted PMG to know that we can transmute metals. What happens next is for you to figure out.

At least you knew :)

>> No.24412886

>>24412685
Just trying to get the most gold with the least amount of money, so when do you estimate when it goes up again? January?

Never was in it for price speculation and gains, only did this because the banks in Europoor land don't give out interest anymore, this coupled with inflation makes me lose money.

>> No.24412891

>>24412638
Well, stay confused then. Filter away. I'm a stacker, but I'm not huffing hopium continually. I'm staying sober and watching things as they are, not as I wish them to be. You get tourists in here wondering why prices are going down. Well, if anyone listened to the smart guys, then it would be obvious why this is happening. But instead, these folks listened to people who have no idea how the monetary system actually works and sold them the lie that the Fed is creating hyperinflation right now and that any day gold is going to $10,000. Yeah, I'd be pissed too if I was sold on this ignorance and now reality was doing the opposite. PMs are an excellent asset and people should absolutely be buying them, but we don't need dumb crypto moonshot language. PMs have been money for millennia. We don't need the retarded memeconomics to make our case.

>> No.24412892

>>24412824
NO SHAPESHIFTERS ALLOWED IN PMG

>> No.24412900
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24412900

>>24412824
just wanted to let you autistic nigger know that we aquired 51% of the bitcoin supply and therefore cracked the encryption. What happens next is for you to figure out.

At least you knew :)

>> No.24413062

>>24412886
It's hard to time because you have to guess when Congress will act. Right now, since the election is still in flux and stimulus is the last thing being talked about considering the vaccine is coming, I feel like they will wait until the pain really sets in before moving on more stimulus. So I think $1500 is possible, especially if we get the insolvency crisis and crash. Then everything is taking a hit. If we close below $1810 on the weekly, we have some room down.

>> No.24413112

>>24412824
The NSA's quantum computers have cracked SHA256. What happens next is for you to figure out.

At least you knew :)

>> No.24413168

pee pee poo poo

At least you knew :)

>> No.24413188

>>24413062
The threshold of $1810 is based off chart analysis right? It signals a bear flag for gold

>> No.24413212

>>24412807
explain

>> No.24413720

>>24412891
the problem is even though horses have been transportation for millennia and in some rare cases are still used for transportation, they were decoupled from the transportation role in 1910 and a much faster and more efficient method of transportation was adopted. We could imagine scenarios where society might temporarily go back to using horses for transportation, but in reality they're far more likely to just build more cars. Even though horses have been transportation since time immemorial, they no longer are and probably never will be again. They've gone from an economic asset to a liability, and the only people that still treat them as an asset are people alive before 1910 that haven't adopted better methods, and their kids that believe them. Also the value of the horse isn't that it will turn into an elephant or a steamship or a dog. The value as transportation was based on their unchanging nature, their stability. That stability alone means a horse never really changes in value, it doesn't become better at hauling things or worse. A horse is a horse and anyone betting on them increasing in hauling capacity is missing the point.

But /pmg/ (pony mounters general) is for the most part able to understand these facts and the modern situation they find themselves in. They long for the days of horse travel, but they ultimately know those days aren't coming back and they're wasting time and money collecting horses, even though they're extraordinarily cheap right now compared to their pre-1910 value. So they have to do some mental gymnastics to justify keeping horses for transportation purposes alone. The fallacies are integral to denying an obvious reality that you seem to have overlooked.

>> No.24413741

>>24413212
Gold/silver in small enough quantities to be delivered to normal people are much above "comex" prices. Even big boys in euope buying 80 million in gold kilo bars are paying substantial premiums. Go on JM Bullion's "sell to us" page and look at their rates. They are buying generic rounds that are tarnished in quanities of $1000 for above spot price. Before March, you would always get paid below comex spot price because they would sell it at comex +3-5%. Now they buy it secondhand for comex +5% and sell it at comex +15%.

>> No.24413787

>market up, risk off, gold down, usdx down
>market down, usdx up
its all so tiresome

>> No.24413842

>>24413720
>only people that still treat them as an asset are people alive before 1910 that haven't adopted better methods
Write to your central bankers today. They should be buying cars. The fools.

>> No.24413881

>>24413112
Nah NSA made BTC, if chinks or others get close to cracking SHA, they will just come up with the next level encryption. Simple as that, always one step ahead.

>> No.24413904

>>24413842
they are. They manufacture and distribute the cars as well. They keep a stock of horses for the luddites, but their business in 99% cars. They're the dealers and the drivers.

>> No.24413956

>>24413741
alright thanks

>> No.24413992

>>24412638
based all the fags that keep saying in stacking for my children... uhm no retard we are stacking for a return to the gold standard, and at some point we are gonna trade it for other assets

>> No.24414121
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24414121

For me, the fundamentals of the real economy have not changed, and whats to come seems way worse. Im not selling my stack, but I dont feel its wise to buy more. Actually, I can barely see anything worth investing on the markets at this point. What do you think?

>> No.24414138

>>24412459
Good. I want to turn my suicide stack in to a dragon tier.

>> No.24414268

There are 2 versions you can get from muenze oesterreich, one is blisterpack, which is shown in the pictures, and the other is "no packaging", does anyone know how it arrives in the latter case? Do they at least put it in a ziplock bag or something?
>https://www.muenzeoesterreich.at/eng/produkte/1-ounce-fine-gold-999.9-blisterpack
>https://www.muenzeoesterreich.at/eng/produkte/1-ounce-fine-gold-999.9

>> No.24414300

>>24413992
Yeah, that's pure cope.
>I'm stacking for my children
Chances are we're not going to have children if we don't make it from gold and silver.
I'm stacking to get fucking rich.

>> No.24414394

>>24414121
>not worth investing in anything
>keep $cash$
??Is that the goal??

>> No.24414412

>>24414300
Some of us already have kids. If you are waiting to have kids until you make it, you're doing it wrong and will probably end up a genetic dead end. Odds are, most of your ancestors popped out the next link on your own chain before they "made it" if they ever did.

>> No.24414423
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24414423

CLF

https://stocktwits.com/TheSageTrader/message/260174048

https://stocktwits.com/TheSageTrader/message/260174048

https://stocktwits.com/TheSageTrader/message/260174048

>> No.24414484
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24414484

When is this guy going to roll his 30,000 BTC into silver to crash JP Morgan?

>> No.24414504

>>24414394
Honestly, everything seems very inflated. I don't want to keep cash in hand, but everything else seems way overpriced.

>> No.24414547
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24414547

>>24414121
My strategy will be one sov per month and 5-10oz silver regardless of price action.

>> No.24414594

>>24412205

GLD they will back it up with treasury gold, if they have to. SLV, though, is much more vulnerable. I expect a failure there first.

>> No.24414640

>DXY up
>silver upwards
Yep, I think we are back bros

>> No.24414651

>>24414300
>>24414412
The bigger risk is that what you save for your kids can easily become worthless. My Great great grandparents started collecting stamps and passing down their collection. Each new generation scrimped and saved to buy stamps to add to the collection. Even when people went broke they never sold that collection, they were saving it for their kids. At one point in the 80's that stamp collection was worth about 10 houses.

now it's worthless. I'd sell it for the cost of the postage but nobody wants to buy even at that price. I keep it around to remind my kids how things change with technology. Often technology makes something extremely valuable become worthless.

>> No.24414670

>>24414412
>Chances are your ancestors popped out the next link on your own chain before they "made it"
They did, but now males have no authority to keep the women in line anymore (discipline them) so they run amok and cause trouble. I'm not going to deal with modern women unless I'm in total control of the dynamic.

>> No.24414675

>>24414547
those sovereigns look very goldish but when I look at my dealers website it looks super pinkish
Are they goldish or pinkish in real life?
If pinkish I don’t want, if goldish I will buy some too

>> No.24414704

FWTDHW status: husband just bought this bitcorn thing today for $19k

>> No.24414732

>>24414675
A lot of the new ones are quite pink. The old sov I have is standard old circ gold colored.

>> No.24414812

GIVE ME A QUICK RUN DOWN
I WAS GOING TO START STACKING AGAIN AFTER TAKING A BREAK WHAT'S GOING ON

>> No.24414844

>>24414732
real shame, I don’t like it when they mess with the color
what metals do they add to make it pink? just copper, no silver?

>> No.24414871

>>24414670
>I'm not going to deal with modern women unless I'm in total control of the dynamic.
gold and silver won't ever put you there, but that's ok. You're a psychopath and you probably shouldn't be passing that on.

>> No.24414905

>>24414844
I think they tarnish slightly as they get older due to the Copper and Silver which ends up turning them Yellow.

>> No.24414907

>>24414812
Comex hammering the price down.

>> No.24414942

>>24410994
Doing the Lord's work, Boboanon

>> No.24414968

>>24414907
Chart on BBP show gold and silver rising again, though.

>> No.24414976

>>24414871
>Gold and silver won't put you there
Yes, they will. Money=Power. If she doesn't like it GTFO, there are tons of women that will.
>You're a psychopath
It takes one to know one.

>> No.24414985

>>24412788
>>24412807

Alright I was losing my marbles over nothing. I think I'll make a purchase for Christmas at least!

>> No.24414989
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24414989

>>24414547
im still a lil jealous of that pf70 gotta save up for a 2021 gold eagle 1 oz tho

>> No.24414992
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24414992

>Gold:Silver (in oz)
1:30
>Metals:Liquid portfolio (in $)
1:40
>Metals:Networth (in $)
1:200
>Metals:crypto
1:2 (in $)

>> No.24415007

Why would metals prices rise back up any time soon?

>> No.24415054

>>24414992
Post your ratios

>> No.24415083

>>24414976
>Money=Power.
true, but while you're busy saving all the power you can afford other men are out getting more power to spend. It's unfair, but your strategy is the losing one. All the hope in the world is unlikely to ever pay off.

>it takes one to know one.
not really. Most people can spot your type from miles away.

>> No.24415089
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24415089

>>24414992
>>24415054

100% physical metal (and jacketed lead)

>> No.24415100
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24415100

>>24415007
>Why would metals prices rise back up any time soon?

>> No.24415108

>>24414651
Generational discipline is something to be proud of. I hope you make it, anon.

>> No.24415117
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24415117

>>24414968
BBP?

>> No.24415166
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24415166

>>24414989
Why isn't Queen Wilhelmina of the Netherlands on there?

>> No.24415202

>>24415100
Hahahahaha.... ok but why? It seem's like lots of investors are selling off their gold (paper or otherwise) to buy crypto and other higher risk investments, honestly at this point what can make metals go back up, the economy can't get much worse than march, and the best we saw after that was 2011's ATH for gold and $29 Silver

>> No.24415207

>>24415117
Bullion by post. Switching to the 1 day tracking showed gold up €25 at the latest. Maybe I read it wrong.

>> No.24415247

>>24415207
Oh, yeah physical never sold for comex price even in march.

>> No.24415262

>>24412205
Don’t forget all the pyramids with tons of gold, that can be liquidated to prop up the price shenanigans. I think China also has several sealed tombs they haven’t even opened with purported “lakes of gold” in them

>> No.24415300

I did read it wrong: up €15 from the day's low, as far as I can see.

>> No.24415355

>>24415247
Oh,right. Been away from stacking for a few months, forgot about the paper/ physical disconnect.

>> No.24415387

>>24410880
>it’s going back up
I knew the cheapies wouldn’t last forever

>> No.24415390

>>24414121
>that pic
can i get a quick rundown?

>> No.24415445

My net cash position is like $100 right now from buying the dip last night lol

>> No.24415546
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24415546

>>24414675
They are pink gold but they photograph golden. Much pinker in the flesh under artificial light but in daylight they seem more golden.>>24414989
I'm gonna get raped for the 2021. I have first dibs on one but the dealer is gonna shaft me....

>> No.24415619

If BTC crashes we spam /biz/ with bobos and paper planes lyrics

cabbage?

>> No.24415815
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24415815

>>24415619
its only a matter of time

>> No.24415836

>>24415815
That image is very unsettling

>> No.24416047

>>24415619
I will bring some of my best pro crypto arguments to get the retards to buy more

>> No.24416343

>>24411070
>karatpay
is worth buying cash gold, especially at such small quantities? the site says it wants to be used alongside other currencies as a form of payment, but wouldn't premiums eat up more of the purchasing power?

>> No.24416626

>>24411405
Sadly nothing ist going to happen


Ever

>> No.24416631

>>24416343
Just use kinesis

>> No.24416748
File: 73 KB, 610x516, ee8fa5ff2341e9d15e33b1820aa49259.jpg [View same] [iqdb] [saucenao] [google]
24416748

>>24411070
> having so much gold and such a shitty safe

>> No.24416897

>>24416748
This. Why even bother with the safe. It’s basically a giant arrow to the treasure wrapped in a bow and prepackaged for anyone to take.

>> No.24416899
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24416899

>>24410994
I'll happily join you, bobro. Cryptoniggers deserve unlimited pain for their retardness and for shitting up pmg.

>> No.24416930
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24416930

>>24415619
stop doing low test and low iq shit, just stay silent and stop caring about others people loses are gains you poorfag.

i hope everyone on this board makes money, whatever the field is.

>> No.24416942
File: 128 KB, 1280x1080, 77381501_191351265328324_9038097223698612224_o.jpg [View same] [iqdb] [saucenao] [google]
24416942

Long term a little price action doesn't matter, but it is kinda annoying when it dips right after you buy another two tubes.

>> No.24416959

>>24416930
and* gains

>> No.24416963
File: 2.88 MB, 1280x720, arnie.webm [View same] [iqdb] [saucenao] [google]
24416963

>mfw brother insisting the COMEX default is imminent and our investments will go 100x and the economy will collapse instantly
>just like he said last year
>and the year before that
Why can't we just have a nice stable investment? My whole family is treating gold like /biz/ treats shitcoins these days, it's extremely tiring.

>> No.24417019

For all the pink wojacking my miners in total is minus 200 which is no big deal. Why is aumn up so much?

>> No.24417396
File: 141 KB, 1480x973, charging your thoughts.jpg [View same] [iqdb] [saucenao] [google]
24417396

>>24416899
It will be righteous and beautiful.

>> No.24417581

>>24416942
I just dropped 200 this weekend thinking I was getting a bit of a sale on it and now today. I'm not complaining anyway since $22 is roughly my average. If it goes sub $20 I've said it before, I'm backing up the truck

>> No.24417753

To be honest if I only had physical metal I wouldn't even care what the crimex price is or how it behaves. However, when I added miners I started to care since they move with crimex prices and for whatever reason it hurts much more seeing a miner being down than seeing that silver rounds are 1 euro cheaper than I bought them. I guess what I am trying to say is that 1 oz is 1 oz is not true for miners.

>> No.24417799

>>24417753
Also like many others I consider physical metal as an insurance against the fiat monetary system and as a savings account during a time of 0 interest rate policy. However, with miners I am looking to actually make sizable gains so seeing them bleed hurts more in that regard as well.

>> No.24417864
File: 85 KB, 731x1024, 1605766669055m.jpg [View same] [iqdb] [saucenao] [google]
24417864

>>24410880
>We Knew This Day Was Coming Edition
everyone stop shitting your pants. gold is for the patient.

>> No.24417946
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24417946

>the huge btc increases in the last 3 months alone
>TSLA has gone almost 10x since q1 lows
>nearly from 400 to 600 in 15 days

It's all so tiresome. I know that my OZs are still OZs, but I would be lying if I said I never bought into any of the /pmg/ hype this year. Especially around August when JMP was getting investigated and the comex was "totally gonna have a run on deliveries, just you wait!"

All of the fundamentals are still in play, and yet the PM- heavy portfolio is getting hammered once again while the "I'm gonna invest everything into tesla, apple and bitcoin" midwit portfolio has probably tripled this year. If nothing else, I'd have a much bigger stack today if I just played boomer stonks earlier this year and then cashed out.

As a rookie here it's pretty demoralizing. Do any veterans here have some insight?

>> No.24417957

>>24414651
>Comparing stamps to PM's
Stamps have been around for what , less than 100 years?
Gold and silver have been money since before the recorded "history" we have.
You didn't buy beanie babies for a hedge too did you anon?

>> No.24417977

>>24417946
why would you complain about having more time to buy the dip ? its once in a lifetime opportunity, I dont want this shit to pop off right now. Still need 3-4 month.

>> No.24417987

>>24415815
>Big siege in my /pmg/
Based cangenner

>> No.24418064

>>24417946
I feel you bro. It really feels that the market rewards retards at the current time. Valuations don't matter one bit and things with strong fundamentals just keep on bleeding. Just seeing these retarded valuations all around hurts and it unironically gets so tiresome. Tsla and btc being the prime examples. I also bought the hype in august and really believed that this time it is for real and comex will default and we'll have 50 usd/oz silver at this time. Well, that didn't happen and since then I have basically doubled down and kept buying this dip hoping that when the other bubbles start to burst the money will come flooding to precious metals once again. PMs are a safe haven after all not a risk asset. Comparing them to crypto or hype stocks is retarded and I feel that they cannot all go up simultaneously unless the currency is unironically hyperinflating.

>> No.24418080

>>24417946
> and yet the PM- heavy portfolio is getting hammered once again while the "I'm gonna invest everything into tesla, apple and bitcoin" midwit portfolio has probably tripled this year. If nothing else, I'd have a much bigger stack today if I just played boomer stonks earlier this year and then cashed out.
How many times do we have to say this to you? Precious metals are a HEDGE. A fucking HEDGE, not an investment. You don’t buy golf looking to make a profit, you buy gold to secure your wealth. God you’re such a retard

>> No.24418199

>>24418080
While I Agree with what you are saying , I believe it IS an investment. I am investing in the future, I am investing in my children. You could do the "college fund" or whatever bull shit and have your fiat lose value year after year or you could do PM's, I made my choice and to me it is an investment.

>> No.24418235

>>24417946
Not a Veteran but in a similiar position, just be patient, PM runs can take multiple years with big consolidation periods.

The way i think about it is that you don't want the shit thats mooning now, you want the stuff that moons tomorrow. And when it goes of you are already completly positioned and can reap the benefits big time. For Miners i am mostly in Juniors and these boys will take years till they blow off so i really dont care about the price rn.

>> No.24418282

>>24410880
Alright, price dip on payday week.

>> No.24418285

>>24415619
Retard idea but I wish we could block the the major cryptocucks from buying pms if the times comes. Although, I feel that even if things were the opposite, /biz would be filled with PMs retard too at some point. Alliance at the beginning of crypto and PMs would maybe had work to get us out of the elite system, now crypto is just encouraging it. The enemy if my enemy is my ally, gov and crypto against us now. Interresting time

>> No.24418360

>>24418199
>gold and silver arent investment guys, they are just a saving account !
https://www.youtube.com/watch?v=l-knwwD-PZc
Mike disagree. I also do. The only example retard give is "an ounce bought you X 100 years ago and it will buy the same thing in 100 years"; except they don't take the time to think about what if you sold during a gold bubble.

>> No.24418444
File: 30 KB, 200x210, thumb_662413554889400320.png [View same] [iqdb] [saucenao] [google]
24418444

>>24417977
I could be buying the dip much harder now if I had more liquid cash on hand from playing boomer stocks, that is my lament

>>24418080
See above. Also I invested in miners, big ones and small ones. As another anon mentioned, that kind of forces you to care about the bullshit paper price.

Many well - balanced folk on here are always reiterating that PMs are a hedge, sure. But you can't ignore that many, MANY others on here have been preaching on and on about the moon mission all year. For some months that's almost all you would see being discussed here. I'm sure it set unreasonable expectations for many people, not just myself

>> No.24418546

>>24418080
That's why you have silver or miners as a option.

>> No.24418570
File: 736 KB, 616x798, 1605699969151.png [View same] [iqdb] [saucenao] [google]
24418570

HI FRENS
PETER HERE
AMA

>> No.24418599

>>24418570
How’s it feel to break even after 8 years?

>> No.24418619

>>24418360
>I didn't buy it for that reason so you are wrong
Whatever man , I am not going to argue with you but if you think gold only has one purpose you are as retarded as the people who bought 100's of oz's at major highs and now complain. They are for holding, forever, you should aspire to never sell.

>> No.24418626

>>24418570
HI MR SCHIFF LONG TIME LISTENER FIRST TIME CALLER. IF I HAD 2.6 MILLION DOLLARS IN DRUG MONEY WHERE WOULD THE BEST PLACE TO DEPOSIT IT BE?

>> No.24418645

>>24418619
retard, you're the one saying it's not investment, I never said it wasn't a saving account. Oh well, plenty of retard lately.

>> No.24418655

>>24418599
BITCOIN IS FOR LOSERS PAL

>> No.24418680

>>24418444
Checked. Schiff et al are right long term, but wrong short term. The specifics of the monetary plumbing matter when figuring out short term moves. Printer go brrr is a meme. Yeah, people whose job it is to sell either metals themselves or books and podcasts about metals have been setting unrealistic expectations. They either don't understand the Fed or they can't since it would hurt their bottom line.

But who knows, Congress has been called back into session due to government shutdown deadline on the 11th and stimulus is part of the discussion. But they probably won't do anything of note and will probably just extend eviction moratoria and unemployment supplemental benefits or something like this. Nothing at all that would signal inflation. But who knows. I doubt we'll get our checks.

>> No.24418689
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24418689

>>24418570
What explorer/junior miner are (((they))) piling into Pete? Also, is the Tribe out to exterminate my people, or groom them into shock troops via Glow-In-The-Dark shenanigans?

>> No.24418690

>>24418626
I KEEP ALL MINE IN THE CAYMANS

>> No.24418699

>>24418570
>AMA
I am a poor fag but about to break 900oz in silver. what do you think I will be able to purchase land wise in the future when this fiat system collapses? will we revalue in PM's or will the monetary system look like communism with tech where I am shot in the head for having PM's and being a white straight male?

>> No.24418772

>>24418689
KGC PAAS DUNDEE PRECIOUS METALS
AND YES ALL WHITES MUST DIE

>> No.24418789

>>24410880
is there an up gif?

>> No.24418807

>>24418570
Can you please give me the banking details of that "puerto rican tax haven" we talked about earlier? Times running short i expect the IRS at my House in the next few days. PLEASE PETER I DONT HAVE A LOT OF TIME.

>> No.24418830

>>24418699
10 OUNCES AN ACRE
BUT SINCE YOU ARE WHITE YOU WILL BE DEAD

>> No.24418845

>>24418680
Infinite deferral of rent or mortgages is money printing. Anything that incentives irresponsible monetary practices is money printing. If there are no consequences for debt, then using debt to bid for items is defacto inflation. Close world interest rates are just an excuse, and can't possibly ever actually keep up or pay back the money created from this psychology.

>> No.24418893

>>24418807
CALL ME AT EUROPACIFIC CAPITAL ASAP
WE CAN HELP LAUNDER THOSE FUNDS QUICKLY
ASK FOR PETE

>> No.24418909

>>24418845
We're still net deflationary. Insolvency crisis in 3 2 1

>> No.24419006

>>24418699
up against the wall, comrade.

>> No.24419066

>>24418909
Deflation destroys the production of goods faster then the demand, elevating prices. We'll skip right over cheaper items, and plunge right into a resource bidding War.

>> No.24419116

>>24417946

Really, I think you guys make yourselves miserable by taking absolutist positions. IMO, first establish your core positions in sensible things like gold. Then set aside a small portion for gambling on memes. Go play in the dirt with the retards and have some FUN, nigga. It'll really help your outlook.

Bitcoin is gonna get yeeted by the govt, you say? Tech bubble you say? Sure, all true, but you know what? The market is not rational, it's a degenerate orgy.

Oh, and practice safe sex kids, get a proper broker and set a trailing stop.

>> No.24419267
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24419267

>>24419116
I agree with this post. If we are to prosper, we must learn the crooks games, if simply to seek better understanding.

>> No.24419366

>>24418444
>But you can't ignore that many, MANY others on here have been preaching on and on about the moon mission all year.
Checked, and you have to remember this is fucking 4chan. I got into silver before I came here and I didn’t expect the price to go up at all, I simply got into it when I learned the inherent weaknesses of fiat and how hyperinflation is able to wipe out life savings in an instant. I did buy into the “HYPERINFLATION IS RIGHT AROUND THE CORNER” shit from Yancope Stacking, but I never bought silver for the expectation I would be able to make a profit off of it

>> No.24419382

>>24418772
stupid nigger, kys

>> No.24419421

>>24418199
Semantics issue. This is a finance board. In context, investment means something associated with a cash flow.

Buying gold is a speculating on a commodity. It may act as a hedge, but so do stocks, RE, etc.

If you are saving long term for you kids you should be long volatility(I.e. mostly stocks) with a very small portion of metals/crypto as your “insurance policy”.

And doomsday LARPers would be better off using ammo as currency anyway.

>I made my choice and to me it is an investment

Willfully ignorant

>> No.24419448
File: 157 KB, 765x988, chud.jpg [View same] [iqdb] [saucenao] [google]
24419448

>>24419116
>Just use a trailing stop, we can't gap down! You can't lose more than you want to!

Unless the fed starts up another round, I think we're gonna see a bond market crash soon. Everything is stalling and retail is piling into the most levered shit in the history of the world.

>> No.24419470
File: 1.09 MB, 2434x2110, 1602988704790.png [View same] [iqdb] [saucenao] [google]
24419470

>>24418772
Seems kinda high already. Is that the best (((they))) can do a 2 bagger? I thought Jews were supposed to be smart?

>> No.24419488

>>24419421
> “If you are saving long term for you kids you should be long volatility(I.e. mostly stocks)”
>stock market crashes and you lose all your money
You didn’t do very well in school did you?

>> No.24419509

>>24414121
The only real investment right now is honestly gold. Hugh store of value and its down $200 since July.

The only risk, of course, is what if it keeps going down?

>> No.24419636

>>24419470
There’s been a war on whites since 1964, what the fuck are you talking about?

>> No.24419730

>>24415202
My guess is that it could be a combination of Central Banks selling gold (Turkey for example), big whales who're driving the paper market taking a break, and corona vaccine news pushing the market toward risk assets
Metals will start going up when it's payback time for all the debt everybody took this year I think

>> No.24419785
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24419785

>>24419636
I'm talking about the mechanisms and weapons being used in this War. We're fighting with sticks, while (((they))) use semi-auto rifles shooting improvised Commie fucks manufactured in Universites loaded with debt.

Go talk to MAGAtards about White Replacement on /pol/. I want to talk about how to dismantle (maybe even reverse engineer) the War Machine.

>> No.24419874

>>24419488
Ok let me dumb it down for you.

If you are in it for the long haul, you are a buyer and want the stocks to “go on sale”. Also true if you are not actively buying and only rebalancing periodically.

The idea is to reduce volatility more and more the closer you get to your time horizon. This is investing 101.

>stock market crashes and you lose all your money

Stocks are not money. Only way to lose money is to sell at a loss ( or fail at margin trading). Furthermore, owning multiple asset classes give you freedom of what to sell.

>> No.24419920

>>24417957
>Gold and silver have been money since before the recorded "history" we have.
Horses have been transportation since before recorded history, anon
>>24413720

>> No.24420235
File: 50 KB, 932x452, 14-37-54-6ff21868351e9b96ddf8fb3cc3b852b5.jpg [View same] [iqdb] [saucenao] [google]
24420235

>>24417019
AUMN is steadily going up because they're nearing production at Romeo.
>>24417753
Yeah for miners short and medium term movements of the underlying commodity matter much more. Though most miners are still long term plays that you should hold for months or years.
>>24419116
I agree, part of the money is for hedging but it's all okay to take risks and search gainz with another part
>>24419785
Good image anon, that's a new one for me

>> No.24420329

>>24417946

People who are heavy into Tesla will eventually lose all their money on some other retarded shit.
If you look at an unprofitable meme stock and think "yep, this is where I park half my money" you are gonna go broke, it's just a matter of time.

>> No.24420368
File: 92 KB, 1033x838, 1605825658777.jpg [View same] [iqdb] [saucenao] [google]
24420368

>>24419920
Yet we still measure in "horse power". Gold is a fundamental of the financial system, and the only other tier 1 asset the banks hold(the other USD, for now). I can concede that banks could adopt some kind of pinned Crypto exchange with their own centralized Crypto currency at some point, which could make some people very rich if they have the stomach for the smack downs and uncertainty. But Gold isn't going anywheres, and will continue to be a important component of the system for at least another century.

>> No.24420475

>>24420368
>Yet we still measure in "horse power"
yes, but we realized over a century ago that you don't actually have to own 350 horses to have 350 horsepower.

Gold and silver have already been replaced as money. They're not money anymore. They don't matter to money. They aren't at all necessary to have money.

>> No.24420512
File: 776 KB, 680x743, 88.png [View same] [iqdb] [saucenao] [google]
24420512

I'm only gonna shill this here once cause I think it sorta factors into precious metals (even if they aren't precious).

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/112020-us-auto-manufacturers-and-others-facing-steel-shortage

There is a massive steel shortage going into winter right now. You should be longing every part of the steel industry. Companies like CLF and X are good picks, as are anything else that would indirectly benefit from the production of steel.
Not gonna shill this again cause I know its sort of off topic, but I figure you guys appreciate this kind of shit.

>> No.24420701
File: 89 KB, 768x760, bayhorse.jpg [View same] [iqdb] [saucenao] [google]
24420701

Bayhorse is feeding the Ore-Sorter today, we're gmi !!

https://twitter.com/BayhorseSilver/status/1333485325084221442

>> No.24420740

>>24411683
Пoбeдoнoceц

>> No.24420753
File: 818 KB, 1080x1920, Screenshot_20201130-125129.png [View same] [iqdb] [saucenao] [google]
24420753

>>24420475
If you were a poo or even a chink, you'd know how ridiculous this statement is. Gold and Silver very much still retain intrinsic value in the hearts and minds of none Western Countries. And it will be the development of those countries going forward into the future that will drive the economic engine of the world, considering the West insists on being retarded.

But the real argument isn't what your average retail investor thinks about precious metals, but what Banks and Nations think about them. And I assure you there's plenty of people in high positions of power who do not want their "boomer rocks" to become outdated.

>> No.24420758

>>24410994
There's a good chance it runs till mid-December and goes parabolic before inverting for the payment of capital gains. You'll be missing out and might burn your ass off if you're shorting with too much margin.

>> No.24420870

>>24420753
>the real argument isn't what your average retail investor thinks about precious metals, but what Banks and Nations think about them.
true
several commonwealth countries have been getting rid of gold entirely and don't hold any silver. Last time I checked most nations don't hold metals.

Banks are required by law to hold a certain amount of assets. If that law went away the assets would be dumped.

>> No.24420893
File: 73 KB, 441x512, 1604939063995.jpg [View same] [iqdb] [saucenao] [google]
24420893

>>24420475
>They aren't at all necessary to have money.
Yeah , that is the point, I don't want "money". Fiat is "money" or as I like to call it debt notes, it is as real as the money you get in monopoly. Bitcoin could be "money" sure, but it isn't even as real as the "money" in monopoly.
Have you ever held gold? When you hold it you can feel the intrinsic value it holds.
Look at the fucking smile it can put on a persons face without it even being yours or getting to touch it with bare skin

>> No.24420929

>>24420870
>several commonwealth countries have been getting rid of gold entirely and don't hold any silver.
It is called the great reset, this is by design because they want to bankrupt these countries. Any country that is selling off their gold reserves like canada is infiltrated by people who hate people.

>> No.24420977

>>24420893
>When you hold it you can feel the intrinsic value it holds.
it's very nice
but you can get the same smile from a reeses peanut butter cup and it doesn't cost thousands of dollars per ounce.

>> No.24420978

>>24420235
Still a buy at .53 or stick with what I got?

>> No.24420998
File: 83 KB, 940x788, chart-4.jpg [View same] [iqdb] [saucenao] [google]
24420998

>>24420870
If I had to bet on such countries (like my own) and the (((banks))).... I'm gonna bet on the banks. At least smart money knows WTF it's doing, and I assure you banks do not want to lose their gold.

>> No.24421042

>>24420929
you can't run out of money you print. You can only go bankrupt if the money becomes worthless. The nation owning gold has nothing at all to do with the value of the money, so it simply has nothing to do with whether the country goes bankrupt or not.

>> No.24421051

>>24420977
>but you can get the same smile from a reeses peanut butter cup
Maybe if your 5

>> No.24421079

>>24420998
>I assure you banks do not want to lose their gold.
they will if the price drops.

>> No.24421090

>>24421042
>you can't run out of money you print
No but the value in said money you print is gone, look at Venezuela , they didn't even count the "money" anymore and instead weighed stacks because it was WORTHLESS

>> No.24421115

>>24418285
There's already a device in place: nature. Eventually this crypto (not even crypto, just BTC) bull run will be over. Got a funny feeling we'll be visited by some dejected bagholders very soon. Just don't play their game and get petty, some of us have been financially burned at one point and found our way to silver/gold. You see the general mindset of the cryptocuck, it isn't one based in the future; just the here and now. It usually takes a humbling moment before they realize what crytpo is, and the next month or so two is going to be just that for a LOT of people.

>> No.24421132

>>24420701
I still dont think I should buy

>> No.24421141

>>24421090
yes, but that has nothing to do with the gold Venezuela owns. Because they were never going to pay their debts in gold.

>>24421051
>Maybe if your 5
believe me, you grow out of that happy feeling you get from holding gold. You just need enough of it for a long enough time.

>> No.24421248

>>24421132
Never buy common stock of a company that pays stock promoters/shills its own shares

>> No.24421625
File: 207 KB, 220x165, 1606534443427.gif [View same] [iqdb] [saucenao] [google]
24421625

>>24421079
They control the price. The Banks are forcing the government to buy their toxic treasury liabilities with Fed Reserve assets by refusing to lend money(because duh) causing Deflation. The government started to smack down legally on the Banks(hence the hit to financial stocks earlier this year) to "convince" them to start lending again, but they refused. Gold dipping this hard is indicative of a liquidity crunch accross the sector, as institutions are forced to sell to cover their necessary costs before bankruptcy.

The government now has 2 choices. Either A) Start playing ball with the banks again and buy even more of their toxic debt, or B) Bypass the banks altogether and do more direct stimulus to the people.

Now, incase A), the banks will immediately take the new breathing room they have from the Fed buying their toxic liabilities, and pump stocks again AND buy a shit ton more Gold from anybody forced to go under. They'll keep doing this till something breaks, or the bubble is successfully reinflated.

BUT, what if option B) happens? Well that's the end game for Gold, since government spending can only ever go up. Direct liquidity injections to the American people would be highly addictive, and they would continually need more and more, bidding up prices to hyperinflation levels at some point. The Banks then take their Gold, fuck off to some compliant country, and restart the whole scam again.

That is what Gold is. A weapon Banks use against the Government.

>> No.24421737
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24421737

>>24421115
Why are you /pmg/ fags so caught up in us vs. them? I have gold and own crypto. I am not under any illusions of what the future holds for crypto - but its very very possible that we are entering into a 2017 style bullrun next year. There is money to be made. Just like I made money in 2017. It's also extremely easy to operate in the crypto market if you're not stupid. Many people are idealists.

This whole gold vs. crypto shit is retarded. If you're not getting involved with both you are missing out.

>> No.24421990

>>24421737
Really this debate and argumentation is good for both of us. Fiat fucking nose diving into the ground would make both Gold and Crypto holders incredibly fucking rich. There's no such thing as bad press.

What we need is to get a Goldbug and Bitcoin Maximialist on the MSM debating each other while trashing fiat while both using their thesises to show the central bank scam.

>> No.24421998

>>24419421
Chris Cole described long vol as exposure through some options strategies, equities are actually short vol

>> No.24422158
File: 203 KB, 1294x1725, 17-OZ-STACKLETTE.jpg [View same] [iqdb] [saucenao] [google]
24422158

>>24421141
Don't hate
Accumulate

>> No.24422243

>>24420978
It's kind of a risky stock in a way. They're going to start production at Romeo based only on a PEA, instead of an MRE study. They might dig up more or less than what is estimated. Granted, the mine is supposed to be a small predule to Velardena that will start production a few years after Romeo unless they rush that one too. Starting production at Romeo is very cheap as the CAPEX was something like under $5M so it's not that much of a risk I suppose. They'll probably try to have multiple producing mines after they've started production at Velardena. I'd say take a look at the company's projects one more time and decide whether you'd like to take a little bit of a risk or not and buy more. If you're more conservative but still want in, hold. I personally sold for now at least and repositioned into more promising companies but you do your own choices

>> No.24422326

>>24421625
>They control the price.
>Gold dipping this hard is indicative of a liquidity crunch accross the sector, as institutions are forced to sell to cover their necessary costs before bankruptcy.
then they don't control the price

But none of that matters. What matters is banks buy gold because it's valuable and gold is valuable because banks buy it. This is a circular, purely psychological belief much like the value of fiat. It's possible the dollar will go to 0 if that psychology crumbles, but it's much more likely that gold will go to 0 because nations and banks have far more wealth in dollars than in gold. They can't just take their gold and start over somewhere else if the dollar collapses because the dollar is everywhere.

>> No.24422341

>>24422222

>> No.24422478

>>24422341
Wasted

>> No.24422655

>>24421998
You missed this part of my post.
> with a very small portion of metals/crypto as your “insurance policy”

>> No.24422712

>>24410880
Bitcoin new ath, gold and silver absolutely crashing .. wtf went wrong

>> No.24422780

>>24422655
That would be the worst possible fucking long vol portfolio in history you need your "insurance" to be in the realm of 100x payout dumbass, not 3x

>> No.24422834

>>24421115
this is actually hilarious

>> No.24422898

>>24422712
>wtf went wrong
Jews punishing bad goys for wanting delivery. They literally can't have metals moon because it would be the end to meme fiat. Of course I wouldn't hate the fiat system if it wasn't debt based and the state issued currency that kept up with economic growth and was interest free but that would be the highest form of anti-Semitism and a bigger shoah than the destruction of the 2nd temple

>> No.24422923

>>24422780
If you think crypto can only 3x then we’ll have to agree to disagree.

>> No.24422938

>>24422780
Insurance isn't for gains, it's for safety. You put a small percentage (5/10/20) into hedging and you play with riskier assets for higher returns with the rest.

>> No.24423137

>>24422898
so basically we’re fucked

>> No.24423167

>>24422938
>>24422923
If you have to invest 20% of your portfolio into something to get a "diversification effect" it isn't a hedge, it's a regular position. If you put 5% of your portfolio into something it has to go 10x to actually be worth the time. And you don't use something as "insurance" that has not history of insuring what you're trying to protect. Hence why Lloyds and Swiss Re do all the big insurance business.

If you have to invest 20% of your portfolio in a hedge, you need a second hedge for your hedge!
Insurance is literally a contract designed to provide massive short term contingent returns. You count on the gain on your insurance contract to make up for the loss you simultaneously incurred.
Gold is not insurance

>> No.24423308
File: 1.09 MB, 1037x1037, 1606361578757.png [View same] [iqdb] [saucenao] [google]
24423308

it won't stop

>> No.24423389
File: 881 KB, 1700x1095, oglrpqW.jpg [View same] [iqdb] [saucenao] [google]
24423389

>>24422326
I'm gonna need to type out several paragraph posts and educate you on the history of Central Banking and Gold as money before I can explain the fallaciousness of what you just said about the subjectivity of money. More importantly, the argument you are proposing works against (not in favor) of Bitcoin and all Crypto currencies. It is imperative there are intrinsic qualities real money has that fiat doesn't, otherwise society could run on the false future promises that fiat delivers forever (which it obviously can't and would be a historic first).

>> No.24423443

>>24423137
>if gold was used as currency it would go up 1000X
>so why isn't gold up 1000X?
>some people think it's because it's not used as currency, but the real reason is price suppression by DA JOOOS!!!!
>so we're all going to get rich when that stops?
>you got it! I'm going to buy sex with my moneys because girls won't fuck me for some reason. I don't know what reason, but it's totally not because I'm stupid and racist.
/pmg/, waiting for the jews to stop holding down metal prices so you can get rich and finally have sex

>> No.24423498

>>24422326
I thought gold was valuable because it's finite.

>> No.24423512

>>24423389
>the argument you are proposing works against (not in favor) of Bitcoin and all Crypto currencies.
so what?
do you think gold, fiat, and crypto are the only options out there? What's wrong with you? Why do you bring up crypto?

None of these things has intrinsic value, it's entirely psychological. Psychological value can fail, it's happened over and over throughout history.

>> No.24423575

>>24420998
>tfw you have more gold than your government

>> No.24423595

>>24423498
>I thought gold was valuable because it's finite.
nope. either everything is finite or nothing is.

gold is valuable because it's pretty, and rare, and easy to sculpt, and occurs in metal form in nature, and doesn't corrode or decay, and has a long history as money.

>> No.24423601

>>24423167
Stop being a retard. You’re citing a dictionary definition for something I purposely put in quotes.

>gold is not insurance
I said gold/crypto mixture, and again, in quotes. At the risk of sounding like a crypto-evangelist: If you don’t think crypto can 10x on a Great Depression scale crash then that’s ok.

>a hedge for your hedge
Hey not a bad idea!

>> No.24423659

will the price dip more in december

>> No.24423685

>>24423512
If the dollars you hold requires expotenitial printing to maintain a financial system, then it won't be psychology that breaks it, but the inability to buy even half it's worth of goods today then what it could a month ago. Everyone and everything will be a "hand to mouth" spender, and by then it won't be the printing press that controls the world, but whoever actually owns those goods.

>> No.24423748

>>24423601
No dipshit I used the fucking financial definition of insurance/hedge. If we have a fucking great depression inflation where interest rates go up (because we have deflation) crypto is going to shit the bed because all of the price is from expectations of inflation and expectations of inflows from inflation. Gold would also get fucking slaughtered for the same reason.
You can't insure a stock portfolio, which at these valuations is just a bet on continued inflation, with other assets that will only increase in value with continued inflation. It's like greasing your fucking brake pads.
The only hedge in the entire world right now is short bonds.

>> No.24423776

>>24423748
>inflation
deflation*

>> No.24423777

>>24423167

>hedge for your hedge

this is literally modern portfolio theory in a nutshell, buy everything because if you own everything your portfolio will probably go up on average.

>> No.24423787

>>24423685
true, if populations or economies or personal wealth never grew then fiat would become worthless as it grew.

on the flip side if you have money that never grows while populations, economies, and personal wealth do grow that money will become too expensive to use and need to be split into tinier and tinier fractions until it becomes useless.

the reality is a balance between those two extremes. Print too much paper and it becomes worthless. Don't have enough gold or bitcoin and it becomes worthless. These are both things that countries try to avoid.

>> No.24423821

>>24423777
mpt can only work with falling interest rates.
And then on top of having a portfolio of pure inflation bets, you have to lever it (with debt!) in order to get acceptable returns.
So if interest rates go up, not only do you get margin called, but your margin costs go up.

>> No.24423946
File: 99 KB, 754x1024, 1600196980753.jpg [View same] [iqdb] [saucenao] [google]
24423946

>>24423659
I hold no hope anymore.

>> No.24424006

>>24423659
I hope that gold drops more

>> No.24424019

>>24420753

For a chink, she didn't know about that pesky inconvenience of declaring to customs that she was carrying $10,000+ of her choice of monetary instrument across an international border.

>> No.24424075

>>24423659
Hold on let me ask my crystal ball

>> No.24424092
File: 12 KB, 432x262, table-3.png [View same] [iqdb] [saucenao] [google]
24424092

>>24423787
Gold isn't deflationary. Tectonic plate movement and improving mining technologies ensures very small increases in the supply every year.

A deflationary currency has never been money before, nor has a state controlled fiat ever lasted.

>> No.24424133

>>24423748
You can always hedge your positions with options

>> No.24424261

>>24424133
>systemic hedge

>> No.24424308

>>24424092
>Tectonic plate movement and improving mining technologies ensures very small increases in the supply every year.
meanwhile populations, economies, and personal wealth grow almost exponentially

meaning gold would have to increase by hundreds of times in volume every year to keep up.

gold is deflationary. That's exactly why we stopped using it as money, and also the reason our populations, economies, and personal wealth all exploded as soon as we stopped using it.

>> No.24424362

>>24424261
I mean he said the only real hedge is holding bonds in the short term, which in my opinion isn't even that much of a hedge anymore after they knock them back to 0 interest rates

>> No.24424423

>>24424362
>short bonds
>holding bonds
opposite of what I said

>> No.24424440

>>24423748
Post your personal asset allocation % so we can determine if you’re fully or only partially retarded.

>> No.24424467

>>24424308
Using gold lowers the population?

>> No.24424522

>>24424362
When long term yields drop to zero, those bonds will appreciate in price. It's the price appreciation in the bonds that actually drives the yields down. I'm holding TLT specifically because I hope to make money on treasuries as the yields fall.

>> No.24424537

>>24424308
>personal wealth
I guess we're back to shitposting to pass the time.

>> No.24424540

>>24424308

i see nothing wrong with a deflationary currency per se. you just don't spend what you don't need, and this encourages people to fill useful roles in society, otherwise they won't make money.

>> No.24424553

>>24424467
yes. Using oil fuels growth, using gold slows it.

the problem we have is in the time since we stopped using gold and started using oil almost 5 billion people have been born, and if we want to go back to using gold you have to find some way to kill them. Doing it slowly is going to meet with enormous resistance because people don't want to be slowly reduced to poverty and then starved to death.

>> No.24424572
File: 38 KB, 495x314, iCTuo.jpg [View same] [iqdb] [saucenao] [google]
24424572

>>24424308
>Wealth
Isn't money printing.
>Population growth
Is apparently too high, but only in Western countries.
>Economy
Is Fucked. I'm not arguing with a lowbrow "everything is fine" shill. And we were still on a semi-backed Gold standard around 1960s, when a couple months wages could buy a house and feed a wife and kids.

>> No.24424578

>>24424308
>gold is deflationary. That's exactly why we stopped using it as money, and also the reason our populations, economies, and personal wealth all exploded as soon as we stopped using it.
No, asset prices exploded due to currency immediately beginning to lose its value. Wealth came to those smart enough to move dollars to assets and lucky enough to be alive in the right place and in the right time. Personal wealth for anybody born to a family that didn't do that is quite small, as the only option for them is to live on debt, and it's anybody's guess how long it takes until that bubble bursts
>>24424423
>>24424522
I did say short term didn't I? In any case, my point stands. Bonds won't be a hedge after the Fed knocks interest rates to zero again because the only way to go for the price of bonds after that is down, naturally. Right now, bonds are probably a good buy if you're certain that the Fed will knock interest rates down which they probably will do. After that? Not at all.

>> No.24424584

>>24424540
Wealth is relative though. Most of the world has enough wealth to eat, which is a new situation in history. But to say they can give up some of their eating isn't true.

>> No.24424637

>>24424572
People don't understand that 1971 changed everything.
https://wtfhappenedin1971.com/

>> No.24424643

>>24424553
When did United States stop using gold as money and how does that correlate with birth rates?

>> No.24424674

>>24424440
~45% physical gold
~45% physical silver
~5% miners
~1.5% BTC
~1% shitcoin moonshot
~0.5% deep OTM 2 month T-Bond puts
Rest cash

>> No.24424680

>>24424572
>Isn't money printing
it is, even though the persons using it probably never see that money. It's numbers on a screen. Debt.
>Is apparently too high, but only in Western countries.
it's too high everywhere
we're going to run out of oil or gas at some point and shit will really hit the fan
>Is Fucked. I'm not arguing with a lowbrow "everything is fine" shill
I'm not saying it's fine. You're thinking in terms of what you own while most of the world is perfectly happy just to have food. And throughout your people's history you'd be more likely to starve than survive also. But the economies grow, and gold can't keep up with that.

>> No.24424691

>>24423443
>T. anonshlomostien who will never be a real woman and can't hide those man hands.

>> No.24424709
File: 784 KB, 1008x575, 200D266D-812A-43C0-AB4C-EF51A8F16720.png [View same] [iqdb] [saucenao] [google]
24424709

>>24424643
When the US stopped using Gold as money men didn't see the need to wear Gold Penis Caps during sex anymore, leading to a population explosion.

>> No.24424714

>>24424578
No I said you should short bonds which is the only hedge. Not that you should hold short term bonds. Do you know what shorting is?

>> No.24424745

>>24424584
>But to say they can give up some of their eating isn't true.

naturally. but most working-age adults should be able to produce enough value to feed themselves if don't have to contend with excessively scaled-up automation/digitization. the latter is evil because it obsoletes small-scale labor and forces people into a system where they're both dependent and useless. is this the technological utopia that you're trying to build? count me out.

>> No.24424754
File: 297 KB, 1068x1068, DOOMschiff.jpg [View same] [iqdb] [saucenao] [google]
24424754

>>24424680
>But the economies grow, and gold can't keep up with that.
What? lmao
We had the industrial revolution and MASSIVE deflation under a gold standard. We had MORE growth under a gold standard than without it. We just stagnate now.
You're completely ignorant, stop spewing keynesian propaganda in this thread.

>> No.24424764
File: 279 KB, 426x465, 1590078025084.png [View same] [iqdb] [saucenao] [google]
24424764

>>24424714
Honestly, I haven't covered that yet. Mind educating me a bit? Been scratching my head about shorting for a while actually

>> No.24424777

>>24423595
Gold is valuable because it is limited, divisible, doesn't tarnish or rust and best represents human labor as a medium of exchange.

>> No.24424788

>>24423443
The people we listen to are jews though, like Peter Schiff

>> No.24424801

>>24424578
>Wealth came to those smart enough to move dollars to assets
prior to that there was no growth because the ratio between money and asset never changed. So paths to economic growth didn't exist or were extremely hard to find and exploit.
>>24424643
technically in 1933 but gold stopped circulating in the US in the 1800's because of hoarding. Legally we went off the gold standard in the 1970's but that was just a technicality since gold money became illegal to own in 1933.

>> No.24424853

>>24424745
>but most working-age adults should be able to produce enough value to feed themselves
we can't even produce enough food on the planet for 7 billion people without oil and debt.

almost everyone would need to die.

>> No.24424874
File: 145 KB, 835x1280, 92531E51-1939-4701-8DAB-FA0C7E0A4FF6.jpg [View same] [iqdb] [saucenao] [google]
24424874

Has anyone ever been more wrong then schiff?

>> No.24424910

>>24424764
I actually re read my first comment and it should be
>the only hedge right now is TO short bonds
"short bonds" is a term for short maturity bonds and you were actually right in your reading even if it was by accident.
Shorting means you make money if something goes down in price.
I'm meaning to say that the only way to hedge any portfolio is to short long term bonds.

>> No.24424912
File: 258 KB, 823x755, Peterz.gif [View same] [iqdb] [saucenao] [google]
24424912

>>24424874
Peter never said this, this article is lying. CNBC constantly smears him and doesn't let him on anymore.

>> No.24424944

>>24424853
>almost everyone would need to die.

look, it's not middle class americans who're contributing to overpopulation. i'd happily go back 200 years and live like the amish.

>> No.24424949

>>24412714
Do you know how fucking much a safe weighs just empty? Lmao I'd let them have the shit if they pulled that off.

>> No.24424964

>>24424788
>everyone hates my people for manipulating finances
>how can I manipulate this financially?

>> No.24424975

>>24424912
Lol do you really think schiff wasnt saying gold was going 3x during QE1?

>> No.24425006

>>24424853
>>24424944
cont.

clown world is miserable for anyone with a sense of self-determination and pride. it's no way to live in the first place.

>> No.24425010

>>24424912
I’ve jacked off to this gif at least 15 times now

>> No.24425041

>>24424910
We have historic levels of shorts on long term bonds. It's going to trigger the mother of all short squeezes. The worst position to be in right now is shorting long term bonds. All the speculative shorts are going to lose their shit. Long term yields are going to zero, not up.

>> No.24425052

>>24424944
that's all I'm saying. The desire for a gold standard isn't aimed at a working currency that serves global populations or allows growth. It's not even aimed at feeding most people.

It's Luddism, and a particularly antisocial form of Luddism at that. That's not a judgment, I agree with you. But I'm not going to deny that billions of people will fight against it because it means their life.

>> No.24425089

>>24425052
>It's Luddism, and a particularly antisocial form of Luddism at that.

i disagree. it's entirely pro-social if quality of life means anything to you.

>> No.24425106

>>24424975
It's still going more than 3x.

>>24424964
What?

>> No.24425109

>>24425006
>clown world is miserable for anyone with a sense of self-determination and pride. it's no way to live in the first place.
agreed. It would be nice to get back to a world with more freedom and opportunities. I don't know if we'll ever make it, but if we do it's going to hurt first.

>> No.24425141
File: 755 KB, 720x800, 1597768694169.png [View same] [iqdb] [saucenao] [google]
24425141

>>24425010
Based

>> No.24425144

>>24425089
>it's entirely pro-social if quality of life means anything to you.
I mean antisocial in that we want billions of strangers to die so we can be happy. Normal antisocial, but still very antisocial.

>> No.24425197

>>24425144

nobody needs to die. a one-child policy and not importing tons of africans and mexicans would be a good start.

>> No.24425200

>>24423787
>on the flip side if you have money that never grows while populations, economies, and personal wealth do grow that money will become too expensive to use and need to be split into tinier and tinier fractions until it becomes useless.
kind of right but in reality the economy freezes up from lack of liquidity. Money allows the ease of business through a medium of exchange that represents labor. Contracting the money supply either from lack of specie (money) or higher interest rates also contract the money supply from lack of borrowing and capital instead of being used for labor creating business is held up in banks to make gains through usury.

>the reality is a balance between those two extremes. Print too much paper and it becomes worthless. Don't have enough gold or bitcoin and it becomes worthless. These are both things that countries try to avoid.

Yes, the velocity of money into the economy which is people laboring and creating some good or service must walk a fine line. To much money in the system creates inflation which can get out of hand. but too little freeze the economy. the problem is people either want fiat currency that is backed by debt which eventually collapses the economy through compound interest needing to be paid back through taxes which suffocate liquidity because instead of being spent on creating business or exchanging goods it is sucked up by the banks. Same with high interest rates which stifle economic growth and lead to people leaving their money in banks instead of being put to labor (manufacturing, farming, etc.)

the other problem with a gold backed currency is that the supply of gold is very limited and cannot keep up with the economy expanding and often stifles economic growth through lack of liquidity. 1/2

>> No.24425210

>>24425106
goldbugs think jews are manipulating markets to keep them down

how can I exploit this belief to get rich and hold them down? If, say, I was a jew? I can't get rich by disagreeing with them. I might get rich by agreeing with them and being the one to sell them gold.

>> No.24425213

>>24425010
>>24424912
honestly someone should retweet it to him

>> No.24425219

>>24424801
>economic growth
This all leads to consumerism. The blackpill is that in truth, we don't need even half the things that we buy. But people must consoom even more so that asset prices can climb, and asset prices must climb because otherwise a major depression due to long-term debt deleveraging will happen, causing the whole system to collapse. But in truth, I think that the system indeed HAS to collapse. Because this is a toxic economic environment where the rich get richer and the poor get fucked in the ass twice as hard. This all causes dependency on the government, and consequently loss of freedom, in addition to unnecessary pollution, trash and wasted resources.
Economic growth is frankly unnecessary. A devaluing currency and excessive leveraging lead society towards decadence.

But that's just my two cents. I might be wrong, maybe a debt-based system is the way to go. But I honestly can't see a system like this ever being a good system in the long term...
>>24424910
>you were actually right in your reading even if it was by accident.
sometimes lucky kek
>I'm meaning to say that the only way to hedge any portfolio is to short long term bonds.
Ah, I see now! Makes perfect sense to me. But there is a third-party risk, no? Is the issuer certainly capable of paying up if the economy goes bottom up?

>> No.24425226

>>24425041
Nigger we had this exact conversation 3 months ago. QE is not deflationary and the dollar is not going. Furthermore, liquidity traps make rates go up and everyone knows the US gov is insolvent without fed bailouts

>> No.24425252
File: 107 KB, 640x867, vezgtyk0pmz51.jpg [View same] [iqdb] [saucenao] [google]
24425252

>>24425200
>the other problem with a gold backed currency is that the supply of gold is very limited and cannot keep up with the economy expanding and often stifles economic growth through lack of liquidity.
Then why did we have the industrial revolution and massive deflation under a gold standard?
Not only are you people empirically wrong, you are compulsive liars.

>> No.24425267

>>24424674
Didn’t think you’d be a total goldbug.

Here’s mine, adding more metal and crypto slowly. Aiming for 5% between them.

1% physical gold/silver
2% crypto
10% stocks
13% cash and equivalent

The rest private businesses and real estate.

>> No.24425297

>>24425210
>goldbugs think jews are manipulating markets to keep them down
No we don't.
Neetsocs think that.
The people at the top, in control of financial institutions and governments are not necessarily jewish.

>> No.24425300

>>24425197
>a one-child policy and not importing tons of africans and mexicans would be a good start.
yes, but even with that it'll be a couple hundred years before we can afford to go back to a bimetallic standard
>>24425200
reading with interest, but I'm not seeing anything I disagree with. These are facts you and I agree on.

>> No.24425335
File: 143 KB, 800x789, shitty2021panda.jpg [View same] [iqdb] [saucenao] [google]
24425335

why does the new 2021 panda look so shit bros?
>pic related

this plus the new eagles, is 2021 gonna be WOAT for coin designs?

>> No.24425342

>>24425226
If you were right, gold would not be heading down from where it was 3 months ago. We're heading for an insolvency crisis. Yields are going to zero or even negative.

>> No.24425360

>>24425200
2/2
People think Gold will keep the bankers in check but the reality is that its just as bad as the debt based currency because the banks can contract the money supply by not lending or increasing interest rates causing crashes. Where they can buy everything up on pennies on the dollar.

The way around all of this is creating interest free currency whose supply keeps up with the growth of the economy.

that said I am balls deep in silver because the Jews run the financial system and will reset the currency to a bi-metallic money system that allows them to pump and dump the entire economy. The only good thing about this is that it stops massive gibs programs that support unproductive members or society.

>> No.24425361

>>24425300
>yes, but even with that it'll be a couple hundred years before we can afford to go back to a bimetallic standard

how so, the population is halved every generation. it's an exponential decay. yes, it would take some time but on the timescale that these things matter it would stop the problem on a dime. but are we doing that? no, we're doing the opposite.

>> No.24425368

I haven't been here in a while. I just bought a 10 ounce bar off Apmex, and five 1 oz coins from Texmetals. I wanted some gold but its still too high for me, even with cyber monday sales. Ah, being a poorfag another day.

>> No.24425394

>>24425300
checked thanks senpai. just a tad drunk and feeling like typing in /pmg/

>> No.24425403

>>24424308
>reason our populations exploded.

Wasn’t it more so agricultural innovation?

>> No.24425405
File: 344 KB, 800x1490, eifme9yu0ae8xnz.jpg [View same] [iqdb] [saucenao] [google]
24425405

>>24424637
>Checks chart around the time the nation of Israel is founded
>(((debt))) begins to literally skyrocket despite boom in the 50's

Wut

>> No.24425408

>>24425219
>But that's just my two cents. I might be wrong,
I agree with everything you've said 100% and appreciate you saying it.

I just doubt gold will be what people turn to when that inevitable collapse comes. They'll just reboot the system, US dollar 2.0 or whatever.

>>24425297
>Neetsocs think that.
yes. By my rough estimate over 3/4 of the regular users of /pmg/

>> No.24425425

>>24424801
So baby boomers come of age in the 70s (coincidence?) and our population plummets below replacement levels and what was your point again?

>> No.24425428

>>24424912
https://www.cnbc.com/video/2015/12/17/peter-schiff-gold-is-still-going-to-5000.html
Good for this guy for calling him out, 5 years later and schiffs still doing the same scam, at least here he admits gold should only be 5% of a persons portfolio

>> No.24425442

>>24425252 see >>24425360

>> No.24425469

>>24425219
>Ah, I see now! Makes perfect sense to me. But there is a third-party risk, no? Is the issuer certainly capable of paying up if the economy goes bottom up?
BINGO!
ngl impressive you figured that out if you're that new. The biggest problem with options is that their pricing models don't (and can't) include issuer credit ratings. At a certain point you have to just accept shortcomings because they you can't get around them. No one knows who their counterparty is with options bought through an exchange. However, even with that, the market value would still go up by many, many multiples in the event of a bond market crash.
The "intrinsic value" of my puts would be ~$40 if rates went to 5% within the expiration date. They are currently trading at $0.02. So even if the market discounts them, I'm still making money. But you also make money through higher volatility with sharp moves down. Those types of moves would still cause these to go up a lot (hopefully)

>> No.24425517

>>24425267
How levered in RE?

>> No.24425526

>>24425252
the gold standard also is finite and cannot keep up with economic expansion fast enough because it is finite so it causes constant contractions of the money supply.

>> No.24425558

>>24425428
Schiff will eventually be right, but he will have left a trail of ruin along the way.
>5-10% of folio in gold
His hyperbole runs contrary to this modest and reasonable figure.

>> No.24425563

>>24425526
>cannot keep up with economic expansion fast enough

again, this is a meme. there is nothing wrong with a deflationary currency.

>> No.24425580

>>24425526
Jesus fuck the greenbackers are here again.
No retard, fractional banking causes contractions in M1 after credit expansion. Long running credit expansion is only possible when specie payments are forbidden and governments prop up banks

>> No.24425585

>>24425428
Gold is a small hedge not an investment, schiff says outlandish things to get attention for his business, he sells gold remember, he’s more an entertainer then anything else

>> No.24425590

>>24425394
thank you, I loved reading your thoughts. Even drunk you know what you're talking about and I agree with you.
>>24425361
>it would stop the problem on a dime.
it's a long ways from 7 billion to birth control for all to enforcing birth control to previous generations dying of old age.
All that takes time.
>>24425403
>Wasn’t it more so agricultural innovation?
yes, that's what i mean by 'oil.' Primarily the haber bosch process and fossil fuels used for farming, refrigeration, and transportation.

but all of those technologies existed long before the baby boom. In part gold was holding them back though it wasn't the only factor.
>>24425425
>our population plummets below replacement levels and what was your point again?
ours isn't the population that would kill us for starving them

>> No.24425612

>>24425580
>Jesus fuck the greenbackers are here again
false trichotomy
there are other items to trade than gold, dollars, and crypto. Millions of other items.

>> No.24425614

>>24425558

i'm not especially confident in gold. if the population keeps growing we're going to run up against the natural scarcity of resources and silver will be rarer than gold. it'll be impossible to mine enough without destroying the environment, and i really hope they don't take this farce that far. anyway, silver is my bet.

>> No.24425640

>>24425563
Hey doofus aren't you reading the thread? If we use gold then niggers in Africa with an exponential population growth will all die because reasons

>> No.24425692

>>24425590
I'm talking about our economy and our population. What you've said is the complete opposite of what happened in reality

>> No.24425704

>>24425640
>If we use gold then niggers in Africa with an exponential population growth will all die because reasons
They're not much of a threat

china will nuke your ass rather than starve or run out of oil though.

>> No.24425740

>>24425692
see
>>24425704

Pearl Harbor had nothing to do with gold, but it had everything to do with the oil it buys or can't buy.

>> No.24425745

>>24425517
1:3 debt to equity

Not levered enough IMO but the cash flow is nice.

>> No.24425786

>>24425704
We've reached peak incoherent boomer posting

>> No.24425805

>>24425704

that's fine. either i'm dead instantly or we get to start over

>> No.24425839

>>24425558
Yeah 5-10% gold but then he shits on every other asset class, so where’s the other 90-95% cash? Lol

>> No.24425889
File: 47 KB, 1006x468, Dalio's Big Cycle marked.jpg [View same] [iqdb] [saucenao] [google]
24425889

>>24425408
>I just doubt gold will be what people turn to when that inevitable collapse comes. They'll just reboot the system, US dollar 2.0 or whatever.
Probably, yeah. Gold standard is a pipe dream in my opinion too. But it will probably hold its value fairly well so that we can get a head start when the new system gets implemented. Same goes for other assets, y'all better not go panic selling when the collapse happens!
>>24425469
>ngl impressive you figured that out if you're that new
Thanks man! I started investing in September but I only hold silver (should've got some gold first, now I don't want to buy that because of the large bulk capital needed lol, mistake) and have been averaging into miners while learning about the industry and general financial information + valuation metrics.
>The biggest problem with options is that their pricing models don't (and can't) include issuer credit ratings. At a certain point you have to just accept shortcomings because they you can't get around them. No one knows who their counterparty is with options bought through an exchange. However, even with that, the market value would still go up by many, many multiples in the event of a bond market crash.
Ah yes, I tend to forget that options always have a winner and a loser betting on opposite results. In a big crash derivatives holders probably are the first to get the cold shoulder aren't they. The other side wouldn't necessarily be able to pay up.
>However, even with that, the market value would still go up by many, many multiples in the event of a bond market crash.
I guess it's a bet worth taking if you put a tiny 0.5% amount of your folio to it then
>The "intrinsic value" of my puts would be ~$40 if rates went to 5% within the expiration date. They are currently trading at $0.02.
Whoa, that'd be a huge gain! That's 2,000x!!

That's smart, huh. Normally everything goes up when rates go down but if rates go up you have a plan B. Hats off to you.

>> No.24425907

>>24425692
Fucking christ. Malthus was wrong because efficiency started outstripping population growth. When he said it, he was right. But capital investment caused the yield per farmer to increase exponentially since.

ITT called "Precious Metals General"
>Greenbackers
>unironic Malthusian economists
>The guy who thinks that QE shrinks credit and that the dxy is going to 110

>>24425839
Schiff is probably 10% gold, 20-30% miners, 20% foreign bonds, rest emerging markets and int'l value.
The portfolio is pretty incoherent

>> No.24425914

>>24425786
if you force nations to buy and sell commodities using a much scarcer commodity as a means of exchange it limits how much they can trade OR THE MEANS OF EXCHANGE MUST INCREASE IN VALUE. So you have 2 options here, neither of which you're smart enough to understand innately.
>>24425805
same, but I doubt it will be 'us' starting over.

>> No.24425929

Can someone please bake?

>> No.24425952

>>24425907
He also talks about oil stocks, so he's probably long commodities in general

>> No.24425964

>>24425704
Let me guess, you own a metals recycling business?

>> No.24425981

>>24425563
>again, this is a meme.
its not.

>>24425580
a finite silver or gold supply cannot keep up with economic expansion. So its either dilute the currency to increase or printing gold/silver backed paper which again has the same problem. You must eliminate interest and print debt free currency as a medium of exchange for labor. otherwise you will have a gold standard which will favor usury always. This is happens because when trade deficits occur on a metallic standard the banks must have a return of their metal or else they become insolvent (banks empty) so they increase interest rates to attract gold/silver back to their coffers but this causes a retraction in credit and a default on loans which depresses economic expansion from lack of liquidity. which then allows the moneyed elite to buy up assets cheaply.

>>24425590
thanks man, /PMG/ has best banter and I enjoy peoples stacks. I like Gold and Silver because it does represent labor extremely well and seeing it shine with its lofty weight is watching the effort of a thousand men turning the wilds and riches of the earth through labor into creation. It is very representative of the divine spark that man was created with as well as his curse to till the earth by the sweat of his brow.

>> No.24426041

>>24425889
ty fren. Frankly I don't want to own pm's because they don't make money. I had a perfect portfolio balancing in Jan. Made a little money in the crash with bonds going up, only had like 5% pms. Then the feds bailed everyone out and tanked the value of my liquidity. Everything right now is just too expensive and holding dollars has a bad payoff structure.

>> No.24426067

>>24425914
>same, but I doubt it will be 'us' starting over.

in the meantime i think crypto will be a short-lived craze. it'll only last as long as our limited natural resources hold out and give us the "luxury" of assigning value to something that is a needless liability in terms of energy and other resources.

>> No.24426072

>>24425952
>He also talks about oil stocks, so he's probably long commodities in general
I'll be dead long before oil seriously moons.
That's another of /pmg/'s favorite dichotomies. Just because someone disagrees with you doesn't mean they back someone else. Gold and silver are perfectly fine investments, I just disagree with most of the people here on why that is.
>>24425964
how many posts do I have itt so far?

>> No.24426085

>>24425981
>otherwise you will have a gold standard which will favor usury always
That’s why usury was outlawed for most of Christian Europe’s history

>> No.24426099

>>24425914
You keep quoting me but you clearly think you're having an entirely different conversation with somebody else.

>> No.24426132

>>24426067
I doubt it'll go even that long
crypto is pogs I think. But who knows, maybe I'm wrong. Wouldn't be the first time.
>>24425981
>it does represent labor extremely well and seeing it shine with its lofty weight is watching the effort of a thousand men turning the wilds and riches of the earth through labor into creation. It is very representative of the divine spark that man was created with as well as his curse to till the earth by the sweat of his brow.
nicely said.
I agree. I also just love the look of it for no other reason than weight and beauty and value.

>> No.24426204
File: 1.15 MB, 1200x2292, mine life cycle.jpg [View same] [iqdb] [saucenao] [google]
24426204

>>24426041
>Frankly I don't want to own pm's because they don't make money
Yeah me neither but it is what it is. Better park the money in physical assets than a bank account, and the metals won't go to zero like many stocks will when SHTF. I assume you're smart enough to invest in companies with little or no debt and that have a lot of cash runaway, by the way? That's important if a collapse indeed happens
>I had a perfect portfolio balancing in Jan. Made a little money in the crash with bonds going up, only had like 5% pms. Then the feds bailed everyone out and tanked the value of my liquidity.
Those meddling feds again. How long can this even go on?
>Everything right now is just too expensive and holding dollars has a bad payoff structure.
I'd argue there are some good deals to be found, at least in the mining space. Though of course miners inherently require some risk tolerance and are long term holds

>> No.24426206

>>24426099
>You keep quoting me but you clearly think you're having an entirely different conversation with somebody else.
I'm feeling you out like my cute cousin at the family reunion.

I think I have you figured.

>> No.24426231

why oh why did i buy MUH SHINY ROCK when crypto exists. and the kicker is that gold and silver boomers are so F U C K I N G dumb, they're as dumb as the rocks they collect, i should've known and sprinted in the opposite direction

>> No.24426265

>>24425408
>yes. By my rough estimate over 3/4 of the regular users of /pmg/
Are you retarded?
Most of us are Libertarians.
There are plenty of Libertarians who talk shit about jews as a group of people, they do generally cause problems, but it's an ideological thing not a genetic thing.

>> No.24426314

>>24426231
>t. owns 0 pms

>> No.24426331

>>24426265
>I dislike jews for cultural rather than genetic reasons. Sometimes I dislike them ironically
I mean it doesn't really matter why, does it anon?

>> No.24426334

>>24425428
Keep seething bitch boy.
Schiff wins literally EVERY debate he does.

>>24425526
>the gold standard also is finite and cannot keep up with economic expansion fast enough
This entire way of thinking of flawed because a) We have empirical evidence of a massive increase in production on a gold standard and b) increases in the money supply don't facilitate economic growth, they hinder it by causing malinvestment.

>so it causes constant contractions of the money supply.
Good, the price of capital is now cheaper, businesses can produce more and people can buy more consumer goods.

>> No.24426360

>>24426204
Yeah that's what I did before this year's crash lol. I'm considering moving back into some of them or the deep value game I run OTC. The problem is that I think gold should be ~$2200 and silver ~$35. Deep value shit usually nets ~40% if you're lucky. Tough to make that trade aint it.

>>24426231
ID contains "KUCZ"
checks out and Kek has blessed pmg again

>> No.24426362

>>24425981
>a finite silver or gold supply cannot keep up with economic expansion.
Then why did the industrial revolution happen?
Why didn't it stagnate?

If your system is superior, why is there so much stagnation now with fiat currency?

>> No.24426389

>>24426334
>We have empirical evidence of a massive increase in production on a gold standard
it has to be more massive than increases in population and economic growth off the gold standard.

nobody is dumb enough to pretend that can happen except the asteroid miner guys and they're idiots.

>> No.24426410

>>24425981
>must eliminate interest and print debt free currency
Gold is a debt free currency you fucking brainlet.
There is nothing wrong with charging interest, it's an incentive to grant loans in the first place.

>otherwise you will have a gold standard which will favor usury always.
So what? Charging interest on loans is a good thing. People wouldn't make loans if they wouldn't benefit from it.
Fuck off and die central bank supporter scum.

>> No.24426427

>>24426362
>Then why did the industrial revolution happen?
>Why didn't it stagnate?
it didn't happen in 99.9% of the world. Most places still haven't caught up.

>> No.24426430

>>24426314
why would i waste time here if i didn't own any muh rocks? i have 2oz 999.9

>>24426360
gotta be a kucz to buy this shit. premiums are an insane idea

>> No.24426445
File: 666 KB, 798x600, 1598147508967.png [View same] [iqdb] [saucenao] [google]
24426445

Why won't the greenbacker central banker cucks leave our threads?

This is the Gold/Silver thread. Fuck off back to /pol/

>> No.24426478
File: 58 KB, 651x655, 1584736236767.jpg [View same] [iqdb] [saucenao] [google]
24426478

>>24426360
Deep value shit usually nets ~40% if you're lucky. Tough to make that trade aint it.
Lmao, meanwhile midwits come laughing at us about btc or some shitcoin or tesla/apple/etc. mooning, telling us traditional value investors that we're retarded. Clown economy! The reset cannot come soon enough.

>> No.24426479

>>24426389
>it has to be more massive than increases in population and economic growth off the gold standard.
Speak English you fucking retard.

>> No.24426492

>>24426445
I don't like the system any more than you do
I'm just telling you if you're broke and unfuckable now you're still going to be broke and unfuckable after fiat collapses.

>> No.24426496

>>24426085
>That’s why usury was outlawed for most of Christian Europe’s history

exactly. Usury concentrates wealth into smaller and smaller hands, it is what happens always in late stage Capitalism and is what we are experiencing in the USA.
Capitalism as we know it, is state sponsored usury and tolerates interest This is not to say that allowing people to exchange goods and services freely is bad. But allowing free trade capitalism which destroys economies with a race to the bottom on who can sell their labor and goods the cheapest which creates a class of workers who cannot buy their own goods they produce in one nation, and eventually a collapse of the working class that wants to purchasing those goods in the other from a lack of economic growth. All the while allowing a predatory creditor class who fills the vacuum of a livable wage with credit gobbling up all useful capital that would normally be spent by a family on goods. Now we see everyone overleveraged to the point a few percentage increases in the interest rates will collapse the whole economy due to corporate, credit, vehicle, and student loan debt.

we are fugged.

>> No.24426506

>>24426478
>>24426231
Case in point lmfao, like fucking clockwork

>> No.24426509

New Bread

>>24426499
>>24426499
>>24426499

>> No.24426510

>>24426445
>Why won't the greenbacker central banker cucks leave our threads?
It’s just Big Bob shitting up our thread again with pointless nonsense

>> No.24426522

>>24426479
>Speak English you fucking retard.
you don't speak english though.

>> No.24426537
File: 73 KB, 1012x1012, so tired.jpg [View same] [iqdb] [saucenao] [google]
24426537

>>24426506
>muh reset
yeah, any day now...

>> No.24426550

>>24426492
>I don't like the system any more than you do
Bullshit, you just want central banks that YOU control.
We want free banking, you want central banking.
Go away.

>I'm just telling you if you're broke and unfuckable now
Um excuse me, I'm heckin' cute and valid and I am by no means poor.

>> No.24426570
File: 9 KB, 225x225, 1585166305542.jpg [View same] [iqdb] [saucenao] [google]
24426570

>>24426537
Go away. Shoo.

>> No.24426577

>>24426550
>Bullshit, you just want central banks that YOU control.
yes, because people that control central banks try to explain basic economics to you on /biz/

>> No.24426608

>>24426522
>NO U
Great argument.

>>24426577
You don't understand economics whatsoever which is why you constantly get btfo.

>> No.24426618

>>24426334
>Good, the price of capital is now cheaper, businesses can produce more and people can buy more consumer goods.

you mean large capital? so you find yourself in a situation where walmart and amazon are the onyly game in town and everyone is working for 12 dollars an hour and eventually wont be able to afford the crap in walmart. anon...

>> No.24426684

>>24426608
>Great argument.
communication requires at least 2 people of the same language. You and I aren't communicating so we are not arguing.
>You don't understand economics whatsoever which is why you constantly get btfo.
you don't speak english, which is why you think I get btfo

>> No.24426753

>>24426618
>you mean large capital?
No, I mean capital goods. It's now easier for small businesses to compete with larger ones.

>so you find yourself in a situation where walmart and amazon are the onyly game in town
Why would that ever happen?

>everyone is working for 12 dollars an hour
The value of people's wages and savings increase as the value of the currency increases, workers can buy a lot more over time.

>and eventually wont be able to afford the crap in walmart. anon...
Why are you spewing garbage leftist fallacies in this thread?

>> No.24426798

>>24426684
>communication requires at least 2 people of the same language.
Yes, too bad you don't understand english.

>which is why you think I get btfo
You don't even understand supply and demand, it's pathetic really...

>> No.24426860

>>24426570
Matte kusadai is such a great song

>> No.24426880

>>24426860
KC has some bangers