/biz/ - Business & Finance

Last chance to get a bargain on Irving Resources

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I just got the official word from the company, the drillers are due back in February. So as long as the Government of Japan doesn't go all Psycho on us in the next 3 weeks we should be fine.

@BlackHawk, 29 minutes ago

>>25515683
Sup crackers! I’ve been keeping a list of every lil white ass honkey that’s been saying the n-word, I’m gonna kill everyone last one of you

>>25515683
>that pic
Is he doomping or poomping?

>>25515829

i guess its good to have fans?

>>25515829
Why are you here nigger?

>>25516030

>>25516065
>”WYPIPO BE SO FRAGILE N SHIEET!!” the nigger says while reporting people because his fee fees were hurt

>>25515683
Hey Baker, next time post the link to the new thread in the previous thread. I did it for you this time but come on that should be basic etiquette.

>>25515683
Remember everyone, do not let up on this Dme nigger and the other non-/PMG/ sanctioned namefags. Harass them until they either leave or take their name off, there is no other alternative

>>25515829
Lmfao a fucking nigger.

>>25516194
If you help us run the nigger off the board we won’t give you any shit for your name. Deal?

>>>25516250

this sound money thread looks excellent

>>25516185
FYI A better strategy would be to just ignore them completely. Might be hard for autistic spergs tho, they just have to react

>>25516251
>siding with a tripfag, and also the literal Devil

>>25516300
>. Might be hard for autistic spergs tho, they just have to react
ahhahahaha true

Good afternoon PMG, where my tantalum Bros at?

>>25516367
based tantalum stacker! I kneel!

>>25516300
>just ignore them and let the board be infiltrated goy!
Fuck off rabbi

https://www.youtube.com/watch?v=iI-UE_5sV0g&ab_channel=maneco64
anyone watch Maneco64? hes my guy!!

>>25515683
anyone lynch niggers? The KKK are my guys!

Hey /pmg/ how am I supposed to save for uni so I don't end up in debt and stack at the same time?

>>25516367
where did you buy yours mate, I ve been looking for a few samples for my element collection. Every time I remember to look its sold out.

>>25516404
>Thinking feeding trolls by 'harassing' them is more effective than ignoring them completely
Use your head man. A reaction is exactly what they want, that's trolling 101

>>25516551

>>25516251
I won't have to do anything, he will get bored of it as they all do.

>>25515829
you're alright niggabro
ignore the neetsoc larpers ITT

also lmao is that all you have, just one gold coin?

>>25516483
Based

>>25516517
I got them from eBay. Ones I got were basically the cheapest /g , but came from China so not sure how legit they are kek. But the volume mass and density seems to be within spec

>>25516631
I ll have a snoop than!

>>25516609
Wouldn't that be too heavy to pick up like that?

>>25516181
I can't FUCKING believe this.
How did it 3x in a month?

I had money in this but took it out.

What are some other ones like this?

>>25516624
Found the AnCap kike

>>25516669
depends on how much of it is gold, at that point its a chunk of raw reef not a nugget. Also notice hes resting it on his lap not holding it in his hands.

>>25516609
what a specimen, probably worth hundreds of thousands

>>25516609
I've often wondered. Some nuggets that are photographed show a golden rock with patches of a darker colored rock. Is a very large nugget typically a rock covered with a lot of gold or is it solid gold? The nugget that man is holding looks like it's gold through and through although it would be unbelievably heavy if that were true.

>>25516697

>>25515829
Glad you're stacking. Might be easier to operate with silver in the hood, assuming you're not pampered suburb trash. Try being less of a homosexual

>>25516692

Silver anon's top three were Bayhorse Klondike and Vangold, Bayhorse still hasn't mooned yet, also look into Silver Spruce

>>25516521
There’s always going to be the one faggot like >>25516624 that interacts with them, which is why ignoring them won’t work. They have to ran off the board with shitposting and saying nigger

>>25516714
Like half the people ITT are libertarians or ancaps.
Why don't you cry about it?

Wtf is going on with EMX royalties?

>>25516809
Is bayhorse a meme or what? I'm mostly in Aurcana but I want a quick 2x or something before I put it into aurcana

2022 is the year our efforts pay off. this year we can still collect, towards the end it is going to start getting hard. when the stock market crashes we might get an opportunity for another quick buy up also.

>>25515683
He was right, get over it chuds

>>25516721
this one if I recall sold to a Saudi investor who had it polished a bit and placed in display at an investment bank.
>>25516768
it totally depends on each piece mate, some nuggets are solid metal while others have more of the host vein in them. Best way to tell is the specific gravity test, this will tell you how much gold is actually in a nugget without smelting it.
Pic related is a nugget with more quartz than gold.

>>25516768
obviously such a large chunk isn't going to be entirely made of gold. See the brown patches in the middle there? That's probably chalcopyrite or pyrite or the like, which is one of the host rocks for the gold. Seems like there is some breccia at the top left too with that grayish white tinge on the rock. Pan Man can probably tell better what rocks are in that piece

https://vocaroo.com/19IBA0c0THi0

>>25516185
What is a “sanctioned” namefag?

>>25516507
If you're trying to stack you should know the difference between a good investment and a shit investment. UNI is a shit investment

Who else be stackin' watermelons n shiet?
I be finna exploit da muhfuggen menthol to watermelon ratio with da next market correction.

>>25516924
okay faggot

>>25516942
its australian so its likely reef gold, a chunk of quartz vein that was super enriched later on with infill gold creating a huge blob. Much of the host looks like its weathered away, as well as the fact its fairly narrow.

>25517041
>25516924
>They're back

>>25517046
Ah, the brown part is oxidated quartz then I assume. Quartz tends to turn brown when exposed for a longer period right? Incredible specimen in any case

>>25517028
menthol futures be moonin' nigga, we out here finna arbitrage wit da NIGEX
Finally the watermelon:menthol ratio gonna go back to historic balance n shieeeet

>>25516924
Who?

>>25516887

No, Bayhorse will make 7 million a year at these silver prices which is half its market cap, mine is fully permitted, and Moriarty says he loves it

>>25517135
What's it feel like to be a disgusting nigger?

>>25517102
again depends on whats in the quartz, I ve seen everything from blues, grays, rich red and brown. Its all down to what ever was hosted with the gold deposing.

guys, im thinking about burying my silver in the middle of nowhere while keeping the geographical coordinate, do any of u did it ? whats ur opinions about that cause when you have a big stack you cant keep it at home and i know professional bullion safeguards are thieves

>>25517143
The price is exactly the same as before, do you think we will see a massive boom soon?

>>25517203
huh, it's a lot more complicated than I would've hoped! Nature's not easy to understand

>>25516924
Keynes was right but we're not running Keynsian monetary/economic policy. In recessions/depressions, we have monetary easing; in roaring bull markets, we have no monetary tightening and in this cycle have actually had monetary easing.

Keynes was foolish or arrogant to say that the gold standard was a barbarous relic, thinking that being unable to depreciate currency limited policy actions to ease a recession/depression. He failed to see or purposely hid the plain fact that humans are fallible and cannot be trusted. No institution led by humans can consistently lean into the wind doing boom times.

>>25517210

All the CEO has to do is prove that BHS is a producer and the price will moon

>>25517208
Best place would probably be in the middle of some huge national forest, it is illegal to go metal detecting on government owned land.

>>25517348
>it is illegal to go metal detecting on government owned land.
Imagine all the treasure hidden on Government land that will never be found.

>>25516941
>Pic related is a nugget with more quartz than gold.
Yeah, I wouldn't even call that a nugget because there's so much plain rock visible. Upon looking more closely at the picture of the old man's nugget, I see that the substrate is a brownish rock that looks like gold with dirt on it so it confused me. That would have been incredible if it were a pure gold nugget weighing 100 pounds or so.

>>25517298
damn how long would that take? when do people estimate he will do this?

>>25515829
should have stayed in reddit you fuckin tryhard

I’ve stacked enough physical, bro’s. Time to get lucrative

>>25517503

Could happen at any time, they already have an order for their concentrate, now we're only waiting for the details

>>25517348
yes that was the location i was planning too

>>25516692
>I had money in this but took it out.
"Be right, sit tight." That's why you need to do your due diligence so you don't get shaken out on a downturn or tempted to sell on an uptick. Unless you know as much as an insider about how things are going in the fields, you can't really know when the stock might pop.

>>25517025
Yes but to be an engineer you need the schooling

Looks like 2021 is going to be the year pmg ends. Too many people are buying so they have to destroy anything PM related. They're going to spam it until it's unreadable to anyone passing through, but it will stay at the top of the board so that's a plus. If you stay have fun fending off the SLV shills. See ya fellow stackers, keep stacking and may our 2021 be less like 2020

>>25517503
they are operating the mine right now, however their amount of real production is not huge. They need to be able to step up production and start shipping concentrate. There is footage on their twitter feed of their tiny scoop tram operating for example, they need to be moving at least 2x the material they currently are to get really noticed and loose some of the stigma that has appeared on them recently.

>>25517498
its still a substantial amount of gold, and a thrilling find for anyone. I would probably have a heart attack if I dug that up.

>>25517617
>they need to be moving at least 2x the material they currently are
so you're saying unlikely?

>>25517647
I still pick up copper pennies on the ground so I most certainly would not ignore a rock like that if I stumbled upon it! That said, if I found such a rock, my first thought would be, "Where's the rest of it? I want more." I have a very high tolerance for money so I would not get excited or have a heart attack. :)

>>25517675
no not at all, in my opinion they need more gear and maybe a few more miners on site. One scoop tram going back and froth down the drift and back out again is not going to be efficient. They need a rock truck, that would help for sure.

>>25516173
I wanted to let name fags to not join in which is why I indicated it.
>>25516185
Based.

>>25517873
true but it could take a while to get that and the management's will and money etc

Stupid question, you've been warned.
What's the way to make profit with small / microcap mines shares? There are no derivatives, so the only hope is to find a buyer at higher price. I'm still learning the ropes still so I'm wondering what are the hopes here. Do you wait until mine is bought by bigger company and your shares are cashed?

think we'll get a turnaround tuesday tomorrow?

N

>>25517955
you find a company that is undervalued by the market, and then you wait and let the market figure out how valuable the company really is. News releases can be big catalysts for revaluation

>>25518071

I

>Alianza

Thank you TAnon

>>25518121
good job, phoneposter.

>>25517940
They can buy a used unit at Savona equipment on lease to own, its not hard. https://www.savonaequipment.com/en/atlas-copco-mt2010-underground-truck-p884609 Heck its still the new year they can get special financing right now lol.

>>25518071
>>25518121
>>25518183

>>25518183
>>25518121
>>25518071

>>25515829
Wow, a single ounce of silver, very impressive

>>25518116
Right, but isn't this just pure speculation like crypto? Or in other words, if I never sell, then I won't make any money.

>>25517955
The stocks of tiny mining companies are essentially options without an expiration date. If the tiny company in which you have stock actually has a lot of PMs in the ground and they are able to categorically prove it, you'll make a whole number multiple of your money. If they have the expertise and project management capability to dig out the PMs themselves, you'll get tens of times your money. When the stock price reflects the PMs they're digging out, you can sell the shares.

At any stage in a company's existence, a larger company could buy them out. However, that usually doesn't occur unless the small company is somehow able to prove that it's got a lot of stuff in the ground that's going to be fairly inexpensive to get out.

>>25518071

>>25518197
scratch that this would be more their price range and its just down the road from their mine! https://www.savonaequipment.com/en/hy-matic-5-ton-underground-mine-truck-p229364

>>25518197
wow
You know so much about this shit
What attracts you to this industry so much?

Poorfag here with $1000 to invest and have a high risk tolerance. I am looking at Dolly Varden, IMPACT Silver, and Irving Resources.
Any anons have advice or input?

>>25518121
Sasuga

>>25515829
Based
>>25516102
Shut up, bitch.

>>25518257
Based

>>25518300
You should probably get a good physical stack going before going into miners.

BUY CLF

THIS IS NOT A DRILL

>>25518264
>pure speculation
no, because you can make realistic estimates based on the information provided by research done on the mining asset. You can estimate the value of a deposit before it turns into a mine
>Or in other words, if I never sell, then I won't make any money.
Or, if the company is sold out to another company your shares will be bought out at a nice premium. Or if you don't like value investing you can always invest in companies that offer divvies -- but juniors don't really have the cashflow for that (most microcaps have no revenue at all)

>>25518300
KXPLF

>>25518384
>fucking 20 instead of 21
I’ve failed

>>25518339
What does the country, Niger, have to do with anything?

>>25518264
No. Unlike a cryptocurrency, a share of stock in a mining company gives your a part ownership of a business that exists to make a profit through actually producing something of value, in this case, digging up precious metals. Long term, a company should start issuing dividends which is how you would make money without selling the stock.

>>25518293
I work and live in it thats why. Doing my placer often leads me to helping other miners optimize their sites or help them find better places to dig, so looking at Bayhorses operation just makes my head ache a little.

>>25518339
You forgot a G my friend

Im fucking DEAD.

https://www.youtube.com/watch?v=Trvi05wXtzQ

>>25518300
>Any anons have advice or input?
Learn to DD -- click on the pastebin in OP.

>>25518421
How will you ever recover?

>>25518502
>apmex
dont even need to watch it, never ever trade with them

>>25518555
Well, I’m white and have more gold than darkie. I’ll live
Also checked

>>25518502
This popped up in my recommended last night, I lol’ed

>>25518407
>no, because you can make realistic estimates based on the information provided by research done on the mining asset. You can estimate the value of a deposit before it turns into a mine
That's true, but the trade mechanism is similar if I understand correctly. in the end there will always be someone holding shares. The ones who hold them last are losers because they have noone to sell to.

>>25518443
> no, because you can make realistic estimates based on the information provided by research done on the mining asset. You can estimate the value of a deposit before it turns into a mine
I much more prefer this than supporting energy waste by crypto

jesus christ fuck phoneposting

>>25518397
I have 40oz silver, 1/2oz gold.
>>25518557
>apmex sucks
I have use only apmex, why should I not buy from them?

>>25518502
>tfw no LCS in my country
fuk
>>25518639
>That's true, but the trade mechanism is similar if I understand correctly. in the end there will always be someone holding shares. The ones who hold them last are losers because they have noone to sell to.
Welcome to the stock market! Somebody loses sometimes, that's how it is. Tax loss selling is alright to do in cases like that.

>>25518699
bruh

>>25518699
>I have 40oz silver, 1/2oz gold
More, anon. Much more
>I have use only apmex, why should I not buy from them?
They are a big name dealer, and have a lot of premium compared to other places. Between their premium, taxes, and shipping etc, you’re paying quite a bit over spot. You’re much better buying from other places

>>25518710
Alright thank you

>>25518699
F

>>25518683
>all that gold
I kneel...

>>25518683
You got there eventually, and that’s what matters

>>25518683
based

>>25518683
daily reminder this is why BTC can't compete against gold since it can't even create an art piece like this.

>>25518699
You should set targets of PM to have, my target im giving you should be 100oz Silver, 1oz Gold, then go from there if they are still affordable/available.

>>25518782
If you want to learn about investing in junior mining companies, read the links in the miner pastebin in the OP. I learnt most of the basics of the industry from those links and decided to share them with anons who want to work for their own financial future. Contains helpful information like how to understand drilling results and how to read resource estimates, as well as important valuation methods for the industry (since P/E isn't really applicable most of the time)

>>25518683
based

>>25518683
PMG BAKER take note, this must be used as the image for next bread

>>25518921
>>25518778
Thanks gents

https://vocaroo.com/1dq5tL8fjJIo

>>25518974
Noted. I will see if this beats other images people made.

>>25518639
>in the end there will always be someone holding shares. The ones who hold them last are losers because they have noone to sell to.
For a mature company, there will eventually be a buyer; that is practically guaranteed. As people sell, the stock price falls if there are fewer buyers (supply exceeds demand). However, since we're talking about a mature company, it should be paying a dividend. Assuming that the company is reasonably well-run, the dividend yield can become quite high (I seem to remember reading that in the 1970s, some high quality stocks were yielding 10% in dividends). If people continue to sell, the dividend yield gets bigger and bigger making the stock more attractive. The company could also buy back its own stock (stock buy backs are not necessarily a bad thing if they buy back the stock when it is cheap).

Even stocks that don't pay a dividend will still have buyers at the right price. This can be true even if the company is badly managed as it's possible that the market cap of the company is less than its intrinsic value. It would be possible to buy a controlling stake in the company and then sell it off for parts or install more effective management.

>>25518936
Yeah those links have lots of knowledge. I'm reading, watching videos and trying to decipher what people talk about here in my free time. I know I have lots of catching up to do, but it's ok. Most of this stuff is very interesting.

>>25519064
keeeekkkk

https://vocaroo.com/1212m5MySazD

>>25519064
This is great anon. Good work.

>>25518683
Based

What’s your total stack?

>>25519064
>https://vocaroo.com/1dq5tL8fjJIo
Fucking wheezing holy shit
Thank you for making this

>>25519141
>>25519145
>>25519121

it's an ai program but thanks lol

https://15.ai/

>>25519105
Short steps anon. You already have a better mindset than most "investors" on /biz/. You'll begin to understand what results are good and bad in time, and you'll continue to get a deeper understanding of the industry too.
t. started investing altogether in September

>>25519139
kek based

>>25519201
Shame, but still hilarious
Do you take requests?
I’d love to hear “get the fuck out of my thread nigger, this is a white mans board” in whatever voice you deem fit
So I can address it to >>25515829

>>25519103
Ok thank you. This looks much more promising than I thought. Comparison to crypto was very unfair.

>>25519279
>>25519252
I made this earlier: >>25516976
but got no replies

I'll make something else

>>25518683

based

>>25518683
based as fuck

>>25519139
>fuck kikes
>t. AnCap
Walking contradiction

>>25519143
30 oz gold 1000 oz silver

>>25519336
This wasn't even one I made I just thought it was funny. Stop crying.

>he thinks /pmg/ owns Barrick
>he thinks /pmg/ follows Schiff blindly
>he thinks /pmg/ dislikes it when pm's go on sale

Yeah man, why do these shitcoin tourists always have such a retarded strawman conceptualization of the stacker's motivation and mentality? I have never listened to or read Schiff or Buffet and prefer constructing and following my own thesis. The most IRL skilled, competent, and materially productive people I know like PMs and regard crypto with suspicion or worse. The hyper-specialized but IRL helpless, materially unproductive postindustrial comfybubble redditor leftards I know all seem to be into Cryptos. The energy-cliff writing is on the wall and the coming hard times will crush useless flabby soicucks and their dreams of getting rich by HODLing vaporcoins while producing absolutely nothing of real value themselves. I'll be hanging with the productive and competent MetalChads while useless unproductive cryptocucks will reap the bounty of the nothing they've spent a lazy lifetime sowing.

>>25519369
>this turned into a pasta
I love this general

>>25519336
AnCaps despise Jews you Goddam retard

>>25516609
He's definitely not standing up, would for sure throw out his hip. Die happy, old man!

Also: I'm definitely enjoying GPL today! Anyone have any insight for the pump, or is it just flowing with the general market?

>>25519457
>AnCaps despise Jews
HAHAHHAHAHHAHAHHAHAHHAHHAHAHHAHHAHAHHAHAHAHHAHAHHAH

>>25519457
ancaps despise religious jews interfering with their freedom and using governments to destroy markets
some austrians/ancaps were jews that hated what other jews were doing to economy/society

>>25519279
>>25519252
>>25519201
>>25519145
>>25519139
>>25519121
https://vocaroo.com/1evvNGzDqUn9

>>25516030
>Why are you here nigger?
Because on the Atlantic side of the African slave trade castration was not standard as it was on the Middle Eastern side of the African slave trade. Thus the ADOS population was able to grow whereas in the Middle East there are no descendants from that slave trade.

>>25519563
Friedman and rand suck but the rest of those people are based lol cry harder

>>25519562
nothing i can tell, its just following the good day on the market as far as i can tell.

>>25515829
Your white side has given you enough sense to save money. Good job.

>>25519566
>ancaps despise religious jews interfering with their freedom and using governments to destroy markets. some austrians/ancaps were jews that hated what other jews were doing to economy/society
This is what I meant. Jews referring to the Jewish family down the street and Jew referring to the banking families are very different
>>25519563
You’re autistic

>>25519620
Wow. Ai needs work polishing, but not bad heavy. Quite based of you.

>>25519695
>This is what I meant. Jews referring to the Jewish family down the street and Jew referring to the banking families are very different
100% agree

>>25519727
It's this new technology, you can keep fucking with it until you get perfect results. If I had 20 minutes I could make it sound like the voice actor said it.

>>25519620

>>25519293
Stocks are real stakes in real companies generating real profits. How else do you think people are able to get paid for their jobs year after year after year? The company makes a gross profit and uses those profits to pay its employees, taxes, equipment, etc. There is usually money left over after paying all of those expenses and that can be saved to tide the company over in recessions or a portion of it can be paid out to shareholders as a dividend. If you look at the long-term performance of well-known companies such as Proctor and Gamble, Coca Cola, ExxonMobil, Chevron, etc. you'll see that the dividend payments are quite substantial if you bought the stock very early. Using a more recent example, take a look at Apple which only fairly recently started paying a dividend. Compare the price of the stock when it did not pay a dividend (2007 is one date I'm fairly certain there was no dividend) and look at how much it pays out in dividends per share today (remember to adjust for stock splits).

Cryptocurrencies are nothing but instruments of speculation. Speculation is "polite" (rich, well-educated) talk for *gambling*. Nothing is produced by cryptocurrencies. The capital gains people have made from cryptocurrencies is a supply-demand mismatch fueled by insane central bank monetary policy. If you are able to hold every cryptocurrency in existence for a very long time, I don't think any of them will
ever pay you interest or a dividend. You are counting entirely on the cryptocurrencies increasing in price. If people lose interest in them for whatever reason, they go to zero as there is nothing backing them.

With shares in a company, after all debt is extinguished, there could be cash, land, buildings factories, raw materials, intellectual property (patents, trademarks, copyrights, etc.) that belong to the shareholders.

>>25515829
Good. Remember if you ever need to turn it back to fiat, don't just go to a local pawn broker or gold buyer. Check around with dealers in a 50~100 mile radius for who might give you the best deal.

>>25519874
>>25519637
Literal cuckold

>>25519803
Thanks for exhausting explanation. Some anons shared their thoughts and they're basically in line with what you're saying. I was afraid that microcap mines are just speculation, but I think I have better understanding of lifecycle of such company now. I still need to learn more on my own, but at least I have more realistic expectations now.

>>25519952
>>25516102
>>25515829
Same fucking fag

>>25519991
>I was afraid that microcap mines are just speculation
most microcaps are speculation plays on the company finding significant amounts of mineralization yes. You can decrease the amount of risk taken by understanding the industry and a little bit of geology. If you really understand these things well, you can make smarter speculative investments in microcaps. If you don't want to make that kinds of investments, you can always look for companies that are in mine development or that have better-defined resources -- those are less risky than total exploration plays

Newfag making more purchases, do I get individual capsules for coins to then place in coin tubes? Or is placing coins directly in the tubes fine?

solid day in mkt

>>25520166
If its air tight its right

>>25519991
also picrel
>>25520166
if you buy tubes you will just get the coins in tubes, they won't be in capsules. Tubes are fine

>>25519874
im not going to but that wasnt me

>>25520234
>>25520181
Kill yourself nigger

>>25519803
>>25520214
Thanks for the effort posts m8. When I am less of a retard I will pay it forward

JNUG fren reporting in: Buying JNUG on New Years Eve was a great plan. I regret not putting it into GDXU, which is 3x GDX/GDXJ.

>>25519991
Understand very clearly: microcap mining stocks are a form of speculation. You could arguably say they are like a venture capital system for the mining sector.

The microcaps typically have a claim to the minerals on a plot of land. You're taking risk that there is not enough PMs on the land to justify the stock price. Furthermore, you're also taking risk that even if there are enough PMs on the land to justify the stock price, the management might not be up to the task of mining the PMs to generate cashflow to keep the company lights on. The company that cannot effectively and efficiently get the ore out of the ground is going to have to go to the capital markets for money to keep it running (paying salaries, buying equipment, etc.)

If it issues stock, it dilutes existing shareholders and drives down the stock price (you are essentially cutting the company pie into more pieces). If the company issues debt, it must make coupon payments and at bond maturity, it must pay back the principal or risk default. If the company defaults (the company can issue new debt or issue new equity to avoid default assuming it doesn't generate profits from operations), the stockholders are wiped out and the bondholders take over the company.

If you want to invest in mining companies without taking so much risk, invest in the bigger mining companies which are unlikely to go bust: Newmont Mining, Barrick, Agnico-Eagle Mines, Pan American Silver. If PMs rise, the companies are likely to go up a larger percentage than directly owning the precious metals.

The safest investment in PMs is to buy the PMs themselves. The first posting of every /pmg/ thread tells you how to. You can also buy vaulted PMs from places like BullionVault, GoldMoney, and OneGold where the gold is allocated in your name. You can also own PMs through trusts like PHYS, PSLV, CEF which hold allocated gold but in the trust's name. And finally, you can also own PMs through ETFs like GLD, SLV, etc.

>>25520302
>no ppe
>lame shirt
>pouring chemicals like that
>shit model on working surface
Confirmed shit meme

>>25520437
>no ppe
You’re right, working with room temperature dihydrogen monoxide is exceptionally dangerous and could lead to a fatal accident

>>25518683
Based. This is a No Nigger Zone

>>25520597
>dihydrogen monoxide
There is clearly a chemical reaction going on. Also what purpose would water have in jet propulsion? Sir, you too are a nigger.

>>25519064
Lmao

>>25520722
>sperging out this much over a fucking meme
NGMI

>>25519874

Why are people buying physical pm when there are ETFs? Even with the maintenance fees it's gonna be less than the shipping, buying your own safe, risk getting scammed etc. I get if you're a doomer/survivalist and there are good reasons to hold physical if that's how you see things going, but otherwise, what's the point?

>>25519620
https://voca.ro/17YTfLemskmD

>>25520163
Hehe yeah, down the road sure. For now I'm not going to act that I'm smarter than I am. Instead I bought shares of few different mines mentioned on /biz/ and GV, for which I found some significant information explaining why they are a good choice. If I get burnt, well, let's call it tuition.
In future I'll try to do groundwork on my own, but not before I learn more.

>>25520431
From what I found there are also other issues, like government preventing mining operation to continue (i.e. environmental issues) or disputes with other mining companies. It's risky but potential gain is also high, so this on its own is quite motivating.

> The safest investment in PMs is to buy the PMs themselves
Already did in december. I put 50% of my savings into PMs and 25% into mining stocks based on recommendations and best DD I could do (meaning poor, but I don't mind for now). PMs will arrive tomorrow, I'll take some photos.

>>25520948
>He doesn't know
https://www.zerohedge.com/news/2020-12-17/gld-10-k-omits-critical-gold-holdings-data-gld-cfo-leaves-1-day-financial-year-end

Does anyone else have a strange attraction to mining stocks with “silver” in the name? My hypothesis is that, once the retail investors start pouring in during the last innings of this PM bull market, companies with “silver” in their name will shoot up a little higher than those without, at least in some cases. Hence why I’ve been exploring Silver Range Resources.

>>25520948

GLD and SLV are scams

Allocated bullion only

>>25521111
Silver in name definitely makes it easier to find them, that's for sure

>>25517143
>>25517210
Bayhorse should get on a lot of people's radar and explode as soon as silver hit's $29. I'd estimate 2x at $29 and quickly to 3x at $30

>>25521111
checked, and no I don't have such an attraction myself. I'm more invested in gold miners anyways

>>25521111
yea unironically companies do use well know phrases or names to attract buyers. Its why there are so many "Silver Kings" "Silver Queens" and similar names. Its standard marketing.

Anyone fomo and buy physical or miners today?

>>25520212
>>25520214
thanks, thought that was the case. I also bought a 10oz silver bar and capsule but the fit was off and the capsule cracked. I'm buying more 10oz bars, any storage suggestions?

>>25521111
yes, just look at Aurcana's name change

>>25521275
I did, it's not even FOMO, I already have a poverty stack of 80oz silver and 2oz gold, but I bought another 20oz silver to have a full hundred and some more gold

>>25521111
Quads of truth. I'm extra bullish on Silver Spruce because of this. Very attractive name, has "silver" and also alliteration.

>>25520948
When it comes to money, the person you can trust most to not rip you off is yourself. Thus, if you take physical possession of your PMs, there's no way that a crooked corporation can lie to you about the PMs being there when there's nothing in the safe but IOUs written on napkins.

The maintenance fees add up after a few years. Depending on the trust you buy into, it's about 0.5% per annum. If you hold for a decade or more, that starts to become a large sum of money, far more than the shipping costs. As for the risks of getting scammed buying PMs, if you buy from major, well-known dealers who have been in business for years, the risk is quite small.

Theft is a problem especially if you live in a bad neighborhood. You can mitigate the risk by purchasing firearms, which themselves are a reasonable store of value, and being careful not tell everyone that you have PMs and/or are rich.

That said, owning PMs in a more easily transacted form has its benefits. I personally don't think there's anything wrong with owning all of one's PMs in things like BullionVault, GoldMoney, or the trusts such as PHYS, PSLV, CEF. For those anons who are better off, it might even be a good idea to put a portion of one's PMs investments in those vehicles so that it's quicker and easier to sell if such an opportunity presents itself, as it did in 2011 when silver was in a bubble and hit $50/oz.

For those who eschew the "paper" gold products, you can still lock in profits quickly if the opportunity presents itself through futures contracts. That's for more sophisticated investors, though, and I would warn anyone reading this to not delve with futures unless you have a very good understanding of markets.

>>25521333
checked
just stack the bars on top of each other lmfao

>>25518828
it's the same gold in each pic

>>25521603
I counted 29 coins in the first pic, which works out to a little under six ounces.

>>25520997
>From what I found there are also other issues, like government preventing mining operation to continue (i.e. environmental issues) or disputes with other mining companies.

Those are somewhat standard business risks that all businesses face. For example, ExxonMobil might have its oil leases in Africa nationalized without warning; Google is facing new tax laws in Europe; etc. That's one of the reasons it's more desirable to invest in companies where the bulk of their business in in countries that have clear, fair laws regarding property rights and judicial process.

In the case of miners, it's better to invest in companies that operate in places like Canada, the United States of America, and Australia versus places like Venezuela, China, or the various African countries.

/pmg/, how much of your stocks are PM?

I keep a roughly 1:1:1 ratio between PM miners : other miners like uranium, and other commodities like oil companies : non-commodities.

10 ASE scavenger hunt is back on in stuart florida. Back to the sailfish

>>25521666
Generally good advice, but I think South African miners are still fine. If you ruled them out entirely, you’d miss out on stocks like Sibanye. And despite strikes and other occasional bullshit they have been among the most productive and profitable in the world in all the decades since the 1960s without missing a beat.

Were any miners down today? Dolly Varden was -.35% for me, thats the only one that was down and i hold like 14

>>25522044
ME was down 4% although that was just a healthy pullback

>>25522044
Aurcana went up like 13%

>>25519369
>>25519434

My rant was turned into a pasta? And 5 of my shitty phonefag pics of scrap and artifacts were used in this updated pic? Damn I love you anons. A while ago I vowed to always help a stackerbro IRL, WAGMI no matter how bad it gets.

>>25521797
>the most productive and profitable in the world in all the decades since the 1960s without missing a beat.
South Africa in the age of apartheid was probably a relatively safe place to invest. Isn't it a lot trickier nowadays because companies have to have a certain minimum percentage of the company owned by black people?

For those lured by the riches of South Africa's mines, I think Barrick has operations in South Africa so that's one way to get exposure to their mines. South Africa also might be the best African nation in which to invest in a mining company although that's not saying very much. Personally, I wouldn't invest in a company with all of its eggs in basket case countries unless the discount were insanely cheap relative to a comparable company and mine in a reasonably well-run country.

>>25521517
Got a gold buffalo and 100oz silver, 50 eagles with random dates and my first bars, 5 random 10oz'ers

I bought PLG at $1.50 and sold at break even before it popped because I was frustrated by the crabbing. When will I learn?

>>25522044

Eloro crashed 15% after a parabolic rise lately but if you weren't chasing it's no problem

Although unfortunately most people only buy things when they're going up and fud them when they're going down (see Bayhorse which most people will only start praising when the price goes double or triple soon)

>>25521694
Have to focus since I'm a small wageslave, you don't make real gains otherwise. 10 positions, 84% PM, 16% uranium. I don't count my physical stack as part of my PF, its illiquid where I live, 40% taxe on capital gains.

>>25516409
Yea every morning with my coffee. It’s comfy times with maneco64

>>25522316
I generally lurk but want to express my appreciation for the quality content you've posted.

>>25518121
You had one job and you f*ed it up

https://twitter.com/badcharts1/status/1346197333382483968?s=12 $1140 price target in 2039 by partrick karim

https://twitter.com/badcharts1/status/1342136426624856065?s=12 this on a shorter timeframe

future is looking good for us millenial stackers!!!

>>25522476
damn right fella

>>25522973
I have mixed feelings about this. In 2039 $1000 will probably buy you extra espresso in Starbucks

>>25522973
>2039
I will have sold a long time ago. I'm cashing before 2027 to buy tons of real estate and become financially free.

>>25522476
Manecomics!!!

>>25523075
WEF says differently bud

>>25523060
things you need will go up, things you dont should go down or keep pace

>>25523117
I'm living in france anon, the elites will lose their head way before that

https://www.jmbullion.com/2018-1-2-oz-canadian-polar-bear-silver-coin/ these look comfy

>klondike

>>25521275
Kootenay and Silver Spruce flew under the radar today, bought a little of both. Tried to add some Scottie (down 6% today) but just missed my limit price. I'm not sure if Pan Man has heard anything, but I think Scottie is expecting drill results soon, could be some great hits

>>25521234
You guys are in the bargaining phase. I don't remember which one was after that. Was it acceptance or anger?

>>25523117
Klaus likes Bayhorse, but just for the elites, you'll get nothing and like it

Who here sells puts? Covered or naked. I’m going to start implementing the wheel strategy and see if it works for me. Seems more fun/profitable than just holding.

My question is say I write a covered put expiring 15 Jan and receive 0.20 premium, is that the max profit I can make if it expires worthless? Seems hardly worth it for $20 if that’s the case.

>>25523366
Fuck wrong thread, I’m retarded. Sorry guys.

>MARKET IS CLOSED
>(Will open in 0 hrs. 9 mins.)

>>25522568
Glad you found the information useful. I worry at times at what I read in these threads. A lot of people are taking risks they don't understand and, thanks to the Marxist media, many also seem to think that capitalism and corporate capital structures are rubbish ideas (they aren't).

>>25523239
shut the fuck up stop reminding me how I missed this opportunity.

>>25523745
damn thats an old-school Mannarino pic

>>25523345

This picture is hilarious

>>25516609
NUUGA

AUN up like a fox today, 1.20 again.


comfy

>>25523242
no nothing yet, they still have outstanding core waiting at the assay lab but I dont think they will be able to drill this winter, there getting hammered with snow.

>>25523242
Thanks anon, added to my ever growing /pmg/ watch list.

>>25518405
Why not Vale or Rio Tinto?
>no fear of biden regs
>better prices imho.

>>25523345
https://twitter.com/minarchis1/status/1345480813882859522
based

R8 and H8, canuck edition.

>>25524293
You can do more than one. A rising sea lifts all boats and you can shield yourself from negative events for an individual ticker.

>>25524325
They are probably printing because people started using cash more often during pandemic. That must be it eheheh.

>>25523876
there's always bayhorse

>>25524159
It will probably hit 1.40 and drop like a rock again, it keeps doing that and I keep swing trading it

>>25524786

>>25515683
My grandparents died, and I received a 5 figure check for a portion of their estate for Christmas.
I want to put the money towards something meaningful that will grow and be a legacy for my kids. Bluntly, I don't have any use for dollars. I have no debt or interest and already have $50K cash on hand waiting for a PM dip.
WWYD? While not a direct PM question, I think it's inline with your thinking. Hedge against inflation for a better, more meaningful tomorrow.

>>25525009
whats wrong with bayhorse?

>>25525120
way too much debt, I don't touch debt-ridden company no matter the potential. It's against my principle. Never touched debt, don't intend to change that.

>Strikepoint

Thanks Pan Man and TAnon

>>25525019
You are more focusing on right winged high vix assets. Focusing on PM will do it or investing in real estate or stocks in developing nations will also do it. Having dry powder on the side is better than not having any at all. I think your best time is to hedge slowly. I would be tempted to have that much dry powder to get into a house to use the legal loophole to get tenants there to get cashflow going, and use the tax laws to your advantage however PM will keep it from loosing purchasing power if you are inept financially.
TLDR: You received a financial gift to start investing. I would salivate to have that to start investing however, you need to have financial literacy, and know how to use it. The upcoming mortgage moratorium ending will be a massive 40-70% off on properties which I would love to get into. However, PM is a more safer play if you are not a super smart guy in taxes or finances so go what you want to do. I would recommend https://www.jmbullion.com/5-oz-monarch-hand-poured-silver-bar/ deal if you are not good at finances.

>>25525120
we have talked a lot about them before but heres some bullet points
>has a debt problem
>management is too small to coordinate multiple projects at once
>An operating mine but on a scale currently not profitable without upgraded equipment or staff

These can all be sorted out with work but it means that Bayhorse wont be at its full potential til these are rectified.

>>25525435

I think you're underestimating them, Pan Man

"50 tons * 300 days * 80% recovery [it's actually above 90%] * 700/31 = 270k oz AG * AISC C$130/ton => C$6.6M cash flow from operations

https://twitter.com/HouwelenHenkie/status/1317130087842631680 https://twitter.com/HouwelenHenkie/status/1317130621962100737"

>>25525019
Honestly, be sure to dollar cost average a big chunk of that over the next 4-5 (or whatever you are comfortable with) years into QQQ (the nasdaq, but better). Small businesses were staggering after the 2008 great financial crisis and the lockdowns have probably killed a lot of them now; my thesis is that the top, largest US stocks are going to create a defacto feudal tech oligopoly and consume the world. Hell, they are literally censoring the sitting president of the United States of America right now with impunity.

Toss a percent or two into BTC and ETH to hedge against rationality.

PMs are great and all, but don't neglect normie-reality. With the rest, I'd recommend buying some miners now or something.

Blackrock gold up 17% today. The cheapies are officially over.

>>25525594
no fud intended, just mentioning some of the issues they have had in the past. Those are pretty good numbers for a mine of their scale and they did bring those new flotation cells online early this year too.

>>25525019
>buy cheap land bordering a large forest
>build a primitive shack suitable for use in camping on land for a week or two every now and then
>talk to the trees
>leave handicraft gifts made of all natural materials at the edge of the forest
>take whatever gifts nature spirits leave in return and be thankful for them
>???
>you can now go ask bigfoot to cure you of cancer or whatever else might afflict you
The most meaningful investment one can make if all vital needs are secured is the investment in one's connection with the sacred mystery of the natural world.
Plus, trading shiny rocks isn't uncommon so if you choose an area with PM deposits, you might be able to start trading rocks of lesser value for ore/nuggets.

>>25525169
they're going to make profits that far surpass the debt though. With silver going the way it is, it's extremely unlikely they will go bankrupt.
It's bound to jump up in the near future.

>>25525594

Cash flow is 26 million with the permit extension. Valuation is only 0.5x market cap.

>>25526232

for market cap I mean cash flow

>>25526063
Land's overvalued right now, wait for the bubble to pop before you connect to the natural world.

>>25523060
You only have to look at Venezuela today to what western Countries will look like in future years, from what ive heard a cup of coffee in Caracas costs something like 2 million Bolivars with the price of silver per ounce hitting over 30 million Bolivars earlier today.

>>25519658
Be radical individualists, goy...

>>25526339
Some places are undervalued rn. It is just that most nations are overvalued.

>>25526907

shinies

>>25526866
Pic I found a few months ago of the price the gov set for goods. No idea what it is now but a good reference.

>>25527309
Walkers are nice.

>>25527141
do you see the price of land going down any time soon? like within the next year?

>>25527434
Mortgage moratoriums around the world will create it. There is a ton of that all over the developing world, but you can look at the developing world for those places. Strip malls will be a massive investment land startup for houses, multiplex, or factory to hand over that I can not wait to get to a point where I can invest into those places.

>>25527434
i hope so...

>>25527371
>$2 bills
Incredibly based.

>>25527313
I read a comment on youtube of a guy living in britain who was sending family of his in Venezuela silver every so often and he basically said they were able to feed a family of 5 for a months worth of food on a little less than an ounce of silver.

>>25526232
Bayhorse needs to move forward on a project. They have been moving directionless for years. Which is confusing, since any project they work on would be a big deal.

>>25527586
nice spread.
yeah I've always been fond of the $2 bill

>>25527572
>>25527580
is it worthwhile to purchase land that has a natural creek flowing?

muh dueces

>>25527698
It's a shame it will become nothing more than a novelty collector's item once the currency resets. I try to pay using $2 bills when appropriate to increase awareness of it, I get pretty mixed reactions though.

>>25527738
For personal use in the future? Depends upon how they act during the covid crisis, and what the community & country are doing financially.
For investment & business? Not really unless you do a ton of research and look at P/B ratio while factoring the same thing with personal.

>>25527738
i would like to have some property with a creek going through it. but depending on the property size, a creek can really restrict development ability with environmental setbacks, bufferzones and stuff

>>25527638
they did well with the basic exploration at Brandywine, but Morrison seems to be taking a beating thanks to management dropping the ball at the operating mine. Its still hard to tell though exactly whats going on without more info.

>>25527808
sorry about my wording, but i meant like an actual flowing creek. its melted snow that flows all year i believe.

>>25527853
its about 2 acres, and its at the very edge and bottom slope of the property

KGC bros get ready for the Kinross moon shot to $18

>>25527936
well that might not be too bad. i would check local zoning ordinances to see if they list specific buffer zones widths.
most places will have some offset distance from a stream or wetland that becomes a boundary of sorts where you can't build or develop or disturb the ground within so many feet of wetland or streams.
those buffer zones can eat up alot of property depending on how they're situated

>>25527888
>>25527936
Location location location. What are the jurisdiction? What are the laws? How familiar are you to the language? Why is this going on sale? What are the properties around it like? Are people moving there? What jobs do people have around that area? ect ect.

I have 20k to invest. Already in normie stocks, and crypto. Can someone Redhill me on precious metals?

>>25528165
WHY ARE YOU IN FAANG STOCKS? GTFO OF THEM. ARE YOU A BUY THE DIPPER?
What is your portfolio like? At least justify your portfolio with a bull and a bear case while explaining your framework your operate in.
Precious metals is a cohesive package of history, art, literature, stocks, and shinies.

>>25528165
When the manipulation ends

>>25528165
>Can someone Redhill me on precious metals?
Alternative to bonds, protects purchasing power. Has existed for several thousands of years as currencies across different continents and societies. Has survived any attempt for governments trying to crush it so they can keep printing fiat.
Crypto is a decade old and has not been exposed to "regulations" from angry fiat printers. XRP got nuked almost as an afterthought. Treat it as a speculative asset. Gold as how you "lock in gains" (which is what most bitcoin miners do)

>>25528165
Do you like feeling like a dragon? Buy physical silver. That's basically it. At some point gold and silver will return to being money and they'll get fair valuation. Right now there are massive manipulatory games on their value that are starting to fray and come undone, and if you act now, you'll be able to get in on the ground floor. Miners are a meme and will matter as much as your normie stocks when all is said and done.

Theres the JPM red dildo

>>25527634
That checks out with the price of goods they enforce. I found out is still the current price control guide. Its funny looking back on the charts that silver was like 900 bolivars in 2018 and now its 30 million.

Its also interesting looking at the government twitter and how half of it is just posting pictures of "full" grocery store shelves and enforcing price controls.

>>25528629
>Government propaganda
>Does not stock the freezer in the background
0/10 job

>>25525244
>You are more focusing on right winged high vix assets.
No, that's why I'm here and not /smg/ :)
>you need to have financial literacy
I'm not on Dave Ramsey's baby step 1 -wife and I each have 6 figure Roths, paid off mortgage, and enough cash (pre-inheritance to buy 2 new cars if we were dumb enough to,
I'm 100% on board with you're advice of caution, patience, and avoiding bubbles (they seem to be everywhere)
>>25526063
Raw land had ballooned, and is now at cartoonish levels w/ everyone leaving cities.
But I am a hunter who has always wafted his own land and small vacation retreat.
Grandpa always gave my dad shit for not having a farm. A sportsman's club for family only is the type of idea I had in mind. Maybe dry powder until a pullback is the answer.
>>25525673
1000% agree this is a long-term big business ploy
But I feel like there are too many ballrooms to start moving into anything. And that's not really my end goal, I'm not honoring granny by buying bitcoin at $23K.

>>25528505
>Theres the JPM red dildo

>not buying the dip thats probably happening over the next 2 trading days. you should be thanking your overlords JPM the masters you serve

>>25528629
hot mamasitas

>>25528165
>Can someone Redhill me on precious metals?
This is a thread for retards that think gold and silver are an excellent investment rather than just a relatively stable place to park your dollars when they're not in use.

you're not going to find useful info here. Just bullshit conspiracy theories and actual schizophrenia

>>25528806
>1 post by this ID

>>25528854
>1 post by this ID

>>25528806
This poster is a spider in a human suit. Do not listen to him.

>>25528854
>1 post by this ID

>>25528165

>>25528894
>muh posts by this ID
You don't fit in here. Go home, rabbi.

>>25528977
unclean blasphemers

>>25528949
This isn't really a good explanation. It is basically saying that because something is hard to get it is inherently valuable. The same could be said for mining bitcoin, it takes a shitton of energy to do so.

>>25529113
Yeah yeah, you've got a whole bunch of crap in a locker somewhere. I don't give a fuck. Your methodology sucks and your god is a dick. Fuck off, you're not welcome here.

>>25527698
You should get a $2 United States note for the novelty of having some legal tender that isn't a Federal Reserve Note.

>>25529147
The energy used to mine additional gold is a pressure that makes it very difficult to find more gold and is balanced by the loss of gold over time (say, shipwrecks or burials or lost caches). As gold is mined, it becomes more and more energy intensive to find new gold. Only an increase in value of gold can act as pressure to find ever harder to find reserves in the ground.
BTC attempts to move this energy cost to proof of work but the problem is that it has zero utility. Dogecoin is LITERALLY the exact same thing as BTC except in name. There is nothing unique about BTC except its name. That is it.

>>25529147
Yeah it is. How many labor hours did it take to process 389 tons of rock? Multiply by minimum wage. Then you have an idea of the very least silver should be worth, and it's not $20.

>>25529303
If I spend 800,000 manhours jerking my dick it doesn't mean my cum is worth the same as a mansion. The argument doesn't have any logical coherence.

>>25529303
The average cost to mine an ounce of Silver is about $12, which is why Silver didn't dip below $12 for more than a few hours back in March.

>>25529335
kek you’re correct sir. If you read Das Kapital you’ll see that Karl Marx makes the same error that >>25529303 made. It’s beyond retarded to impute value to labor. It’s also the same fallacy that will kill bitcoin eventually

>>25529303
almost all of the cost is equipment and legal compliance. Almost none of it is labor.
>>25529392
The average cost to mine silver and gold is the same as copper or lead or iron because copper and lead and iron ores invariably contain silver and gold.

the average cost to mine ONLY silver while throwing away copper and lead and iron is about $12 and rising. The cost to mine ONLY gold while throwing away copper and lead and iron is much higher. But most silver and gold costs less than a buck an ounce to mine.

>>25529392
Isnt it $17? Im pretty sure I listened to an interview with Keith Neumeyer where he quoted that cost.

Who's baking?

>>25529649
no, the average should be somewhere between spot and $0 since most silver costs $0 to produce and no silver costs more than spot.

Baking the new bread asap.

>>25529440
Isn't the opposite of Karl Marx's fallacy, that labor doesn't cause the product to have value, make the thesis of Bitcoin viable? It is only the demand that people have for Bitcoin in the market that gives Bitcoin value. If that's true, then retards like me who think it should be valued way more than 26 bucks will be the irrational driving force behind the rise in price. Plus the industrial demand for "green" tech increasing in coming years from things like solar panels.

>>25529567
>>25529392
$12? Are you sure? Do you guys question spot/paper vs real prices but not question that? I'm willing to accept that I'm wrong, but that just seems awfully low.

>>25529697
Are you trolling?

>>25529709
Of course I'm trolling.

I'm also telling the truth. Most gold and silver is a byporoduct of copper and lead mining. It costs nothing to mine.

>>25529440
Doesn't the opposite of Karl Marx's fallacy, that labor doesn't cause the product to have value, make the thesis of Bitcoin viable? It is only the demand that people have for Bitcoin in the market that gives Bitcoin value. If that's true, then retards like me who think it should be valued way more than 26 bucks will be the irrational driving force behind the rise in price. Plus the industrial demand for "green" tech increasing in coming years from things like solar panels.

>>25529567
>>25529392
$12? Are you sure? Do you guys question spot/paper vs real prices but not question that? I'm willing to accept that I'm wrong, but that just seems awfully low.

>>25529697
Are you trolling?

>>25529303
PMs become more scarce and more hidden as time goes on, which means the earliest scavengers had the easiest time picking flakes and nuggets from riverbeds and exposed rock faces. The resistance to corrosion of gold is something that would take time to understand. Despite this, the valuation of gold is incredibly ancient. So what is the primordial source of the value of gold? Well, to find this answer we simply have to look at the most ancient uses for gold. At the dawning of human civilization, coins and bars were still thousands of years away from becoming stores of value and currency. Trinkets was the name of the game. Jewelry, tokens, adornments. Who wore these things? Shamans. Who made these things? Saying "smiths" doesn't quite capture the original position of these craftsmen. Ancient smiths were viewed more like sages or alchemists than simple laborers.

PMs are a store of value because they have great value and were recognized by the most ancient societies as magical components, the same as meteoric iron.

>>25522044
RCGCF

New bread

>>25529797
>>25529797
>>25529797

Okay, some.hype and some fud. This is a speculative, but normally very stable as a store.of value, right? But right now it is my understanding that gold and palladium are stupid expensive.at the.moment. So where should I jump into the precious metal pool?

>>25529335
>>25529440

silver has industrial uses; your ejaculate does not. thats why silver is more valuable than your cum, for starters.
See: solar panels, electric vehicles just to name 2

>>25529974
Correct. It is the end product and how it is used which gives it value, not the amount of effort it took to obtain that product. If it costs more to extract silver than the value it provides in solar panels, EVs, etc, then it simply won't be extracted.

>>25530028
This is the reason gold has value. For most of history it never had any pragmatic uses, it was just to look pretty and symbolize wealth. The reason is because it takes a lot of time, resources, and labor to extract it meaning that anybody who could get it in its final form would have to have power over other people and that process of extraction to get it. People only extracted it because they valued it. Humans are the locus of value. They give things value. Gold and silver being valuable is just what humans decide. Gold and silver being valuable is lindy.