/biz/ - Business & Finance

>>8733320
kill yourself

>>8733320
Keep stacking anon.

You are on the right path.

>>8733320
https://www.silvertowne.com/c-339-1-ounce-silvertowne-trademark-silver-bars.aspx
I love these just for the design, but mostly buy from APMEX for the low premium

>>8733320
i bought my first 1oz bar this week.

gold is so useless and impossible to resale.

JM bullion and provident metals are best dealers by far, was just at my local coinshop today and they wanted $3.50 above spot for eagles..... Provident has new 2017 eagles at $2.10 above spot.... currently have 75 ounces of silver, wanting to get some gold soon

>>8733320
that's a pretty small stack, u gotta start sometime though so props to you... keep going we have a great year ahead of us

>>8733373
>sees the future clearly

>>8733373
such a beautiful rounding bottom almost complete... fall 18' breakout

>>8733379
real talk my nigga
will jmbullion report me to the IRS if I sell them gold?

>>8733320
10% of your wealth minimum, as much as you choose after that.

SHTF you will mainly need a good social network, food, guns, bullets, medical supplies, and you need to stay in good shape so you don't need as much medical care

(beans bullets bandages barrels of fuel)

Remember to keep smaller amounts like constitutional silver.

Back in the old days a days labor was worth 1/10 of an ounce of silver.

10% is a good number because the price will go up and you can use the other 90% of your wealth to invest with and generate more capital.

Silver is money not an investment. It's no different than buying Swiss Francs or BTC. It might change in price but it doesn't make you money. Do you understand that? It is money itself. You are buying money.

>>8733383
I just ordered some more, and as soon as the sale on my house closes I'm going to buy a monster box, but even that's not enough, I think. I'd like to have over 1000 OZT before everything falls to shit.

Silver LOL. I have about the same amount of gold and I feel poor. Fucking silver.. seriously. You know they can make this shit in lab, right?

>>8733434
https://www.jmbullion.com/reportable-bullion-transactions-infographic/

>>8733474
very interesting, I wish I had a way to unload PMs for cash. CTR and SAR are annoying

jm cutting me a check is a pain in the ass

>>8733465
>You know they can make this shit in lab, right?
Source

>>8733458
I'm trading worthless paper for money. When the dollar is printed into oblivion, I'll have real money.

>>8733482
Coin shops. They will pay you spot. Don't go over 10k at a time.

>>8733482
local coin shops and ebay my dude.

shit I'll buy your coins if you post an ebay link

>>8733505
they issue checks which require ID to cash at a bank, same problem

>>8733375
You idiot. You don't buy gold to sell it and get even more worthless fiat.

You buy gold so you have money and wealth for when fiat collapses and then buy a home with an ounce of gold, or an ounce of gold converted into the new currency.


As for making it... I think you only need about 10-15 ounces of gold and or 500 ounces of silver and you'll have generational wealth.

If you think you neeed like a million for retirement you don't need anywhere near a million in gold and silver to make it.

500 ounces of silver and 10 ounces of gold and you are probably set for 30 years

>>8733510
ebay sends you and the IRS a 1099 if you go over 20k/200 transactions so that's a no-go as well

>>8733512
Some like to deal in cash, for the same reason as you.

I think 100kg is a good threshold for surviving the crash of the dollar reasonably well. Remember that silver/gold are not investments to "get rich" they are mostly just for preserving your wealth in something tangible while everything else collapses as debt-based ponzi schemes without the demographics to support said ponzi schemes.

>>8733488
>he forgot to tell you the "lab" is in space

https://news.nationalgeographic.com/news/2012/09/120907-silver-gold-star-explosions-supernovae-science-hansen/

>he forgot to tell you "they" is the lord himself

>>8733458
Exactly... a days wage for most of human history was a silver piece the size of a roman denarius or a silver dime.

But here's the kicker... today there is much less silver available and billions more people on the planet.

So you could have a scenario where a 3-5 days worth of work is equal to a silver dime...

Which means that with somewhere around 500 ounces of silver would be equal to like 20-30 years of days wages when the dollar implodes.

>>8733513
I rather have hold bitcoin than equivalent amount of gold.

I bought my first oz to see that gold bugs are jerking off to.

>fiat collapses

if that happends gold will 10x and bitcoin will 100x.

>>8733544
Silver and gold are not "investments" silver and gold are REAL money.

>>8733581
>EMP
>Solar flare

Oh noooo that sucksss.

>>8733320
This is literally just savings. You're not making it. Just keeping it.

>>8733581
Bitcoin might be 100 times but wtf will that buy you since you just said the dollar will have collapsed?

You expecting to be like those rich nig Zimbabweans with a 1 trillion dollar note that probably can't even buy you a blowjob?

>>8733530
I am a NEET with autism, how do I actually find these guys?

>>8733482
>>8733474
for the lazy

American Silver Eagles are the foundation of my stack

>>8733581
You still don't get it. The dollar value of gold is irrelevant! Did gold all of a sudden become valuable when America was born and the dollar was created? Of course not. So why would you value gold in terms of worthless fiat.

You VALUE gold using ratios to other real assets of which it is undervalued and silver is enormously undervalued compared to other real assets.

You buy gold waiting for the deflationary collapse of all asset prices. Then an overnight revaluation of gold to somewhere between 10k-100l per ounce.

Then you scoop up a mansion and business for like 5 ounces of gold.

>>8733620
hi

>>8733320
>This is my current stack that I have at my house. How much more do I need to make it during the next economic collapse?


I have what 20lbs o the stuff and a KG of gold and I don't believe it will ever be worth much more than it is now, probably less in a recession. I like it and all but once you have 20-40lbs it takes up space and is heavy. Pros, taxman does not know it is there and I can give it to a kid or relative without any weird tax rules and it holds with inflation (at the price I got it at anyway). You've got like 30OZ there and maybe an OZ and a half in gold. OK have you any debt? If yes you are fucking dumb buying it instead of clearing your debs? Do you rent? If so you are fucking dumb buying it instead of getting a house

You bought it off apmex. They charged you a premium, when you need to sell it some cunt will give you less than spot. You've already mad a loss.

If you are somewhere you pai VAT/ebayfees/paypal fees you are even dumber. If you want silver by good quality antique silver cheap at estate auction with no tax, not these overpriced blobs. As regards economic collapse, its a slow thing that takes decades (we are in the second one, Japan is in the third), things just get shittier more slowly, including you having to provide ID to sell that shit and only being able to be paid via bank transfer which is then reported to the taxman. That's getting shittier, or rules against posting it, transferring it through airports or courier. More grafetti, less nice things, more scum in tracksuits, more power cuts, crappier quality water, more social security dependency, more homelessness. Slow enough that no one cares.A gold chain? You might get away with that.

>>8733351
No he's not.

>>8733338
He's right to be worried but he's wrong of he believes in bartertown and some sort of mad max bullshit

>>8733658
>the IRS is on to me
REEEE

>>8733603
Wrong. Read my post above

>>8733656
gay you value gold in currency unless you are a delude faggot because currency lets you buy ANY FUCKING THING

>>8733510
Too much fake shit on eBay. Steer clear.

Is there interest in a peer to peer local silver exchange network? Would you like to get hooked up semi anonymously with other silver stackers to trade or does this sound like a waste of time? I'm a web dev and I could whip up something simple quickly. if no one cares I won't waste my time

>>8733659
Are you retarded? You think gold and silver are pretty much maxed out? Get the fuck outta here, retard

>>8733458
>good social network, food, guns, bullets, medical supplies

I was called an idiot for saying these are better investments than gold or silver. What keeps you alive in a crisis is what matters and only that matters.

Gold is the new bitcoin

>>8733743
silver stackers are very reclusive.... due to holding high amounts of value in something that be carried away very easily.... youtube already has a very close knit stacking community and no one shows their faces... people set up trades on youtube every now and then, but its not common

Just noticed these dollars aren't all the same size...

>>8733546

I think the faggot is confusing silver with diamonds

>>8733320
>>8733351
>>8733338


I don't get it, even if there was a full blown economic collapse wouldn't precious metals at minimum just do a x10 or x20?

>>8733743
>>8734065
People already do this on reddit, though I never have. It's one case where the account rep system is actually beneficial, otherwise an independent site would probably have trouble gaining traction and attract scammers. There's the issue of giving out your address too.

My precious metal portfolio includes one 1888 morgan silver dollar that I got from the tooth fair 15 years ago. Needless to say fuck stacking, though I have started checking any change I get for silver.

>>8733589
I think if an EMP or Solar Flare happens, it's guns, food and those Alex Jones water filter things.

Most economic collapses or 3rd world countries treat all of these things valued over gold.

>>8734354
Yes but they will never be 0

>>8734246
Avoirdupois 90% silver ounce on the two left ones, 99.9% troy ounce on the right.

>>8734354
>>8734405
The idea that we'll quickly descend into some zimbabwe tier society is a completely different situation to prepare for. Far more likely is general economic turmoil like the great depression or recession. Nobody was out looting their neighbors.

>>8734377
Might as well be an over achiever and check those pennies for pre-1981 coppers as well...

>>8733781
>Are you retarded? You think gold and silver are pretty much maxed out? Get the fuck outta here, retard

Golds purchasing power now is the same its always been. A 1OZ gets you a decent set of clothes and shoes, a clean hooker and a good meal and a room for the night Has never changed an never will.

>>8734469
Shit, people do that these days because their team won the bowl...

Not a far stretch when depression era comes around again.

>>8733373
https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal
(they) wont let us do what we want

you'll all get shot and your gold/silver looted

>>8733897
well that's all that matters. what's the point otherwise? people will need those things. we got by just fine before all this fancy stuff came along

>>8733656
You reaply think someone will trade you their mansion for a shiny metal? Get fucked retard. If anything buy shit people can actually use.

>>8734377
What a dumbass. Do you think it's like 1985 right now? All the silver coins have been picked.

>>8734377
Ive uniornically found a silver quarter in the wild receiving change and was super excited, told my friends and no one cared.

>>8734482
You're right to the degree that prices have remained pretty constant, as far as gold goes, but that's going to change.

>>8734675
>but that's going to change.
how?

>>8734637
They wont be able to afford shit. 1 oz of gold buys you a home in Venezuela right now. 1 ounce of gold is equal to 5 years pay down there right now.

1 ounce of silver buys you 3-4 months of food on the black market.

Fucking Jews have completely infected your brain with their debt instrument fiat money

My grand plan is to switch a significant amount of crypto to silver and gold during the next crypto peak. Then buy land during the next real estate market collapse.

>>8733320
about $20k worth at current prices will be a million in 15 years

>>8734715
and what you'll do with the land ?

Sounds legit, but what are the chances of that happening?

>>8734784
live, farm, fuck, raise a family, be a human

>>8734813
my dream is to buy land so i can grow organics and so pretty much what you'd said

>>8734809
small but not out of question, and if it doesn't happen you still have a valuable resource

>>8734469
The most recent economic collapse was the Estonia economic collapse. Look how it went bars of gold traded for bic lightera.

Are you talking about the 2009 recession?

What's /biz/'s opinion on silver maple leafs? They're purer (.9999) than silver eagles with better counterfeit protection (Bullion DNA) and cost less over spot, too. And since they're legal tender, they're exempt from reporting requirements (just like silver eagles), unlike bars and rounds. I think they're prettier, too, but that's fairly irrelevant.

>>8735105
maples and libertads are also great to stack.

i prefer silver eagles because I'm a burger and it's easier to convince people of their value since they are made by my government.

>>8734469
we also weren't flooded with illegals, muslims, useless people, and people who can't function without medication like we are today

>>8735142
>maples and libertads
Thought you meant leafs and libtards for a sec

>>8735142
I'm a burger, too, and objectively the maple leafs seem like the clear choice...but if other burgers are too retarded to realize their value after society collapses and they don't even have the internet to check, then it's not worth buying anything but eagles.

>>8735096
You can DYOR but its happened lots of times throughout history. Check out the Chinese run on the banks to get out their gold when the communists took over, the south when Confederate money wasnt worth anything anymore and the north expected taxes paid in gold, Venezuela today, etc.

It's not necessarily around the corner, it might not happen in our lifetime, but it gives peace of mind to people who worry.

>>8735142
also since libertads aren't legal tender, I'm not sure if they're exempt from the reporting requirements in >>8733625

>>8735173
right because American Silver Eagles are the most recognizable coin. Sunshine mint coins are great because they are actually the same silver the mint uses to make Silver Eagles but they aren't as trustworthy because if you are ignorant you have no idea they are just as valuable.

>>8735206
ok I guess libertads are considered a coin and therefore exempt, though I'm not really sure why it's not considered a round (bar) since it's not legal tender.

>>8734780
>about $20k worth at current prices will be a million in 15 years
please explain

>>8735430
the dollar is fucked

>>8733320
Don't fall for this dumbass silver meme like I did. It's fucking worthless. If you liked getting raped by niggers such as Mike Maloney, Peter Schiff or Robert Kyosaki, then be my guest. They're the only assholes getting rich off this shit and everyone else is a fucking sucker.

>but muh store of value

Sure thing you fucking retards, tell me, did they use silver or gold when the weimar fell? How about Zimbabwe or currently in Venezuela? The answer is no, just one of the reasons this is truly a fucking meme.

>He thinks it will be valued when SHTF

Once again see above, also, what do you think people will care about once resources get really scarce? I would think things like food, water, lighters, ammo, guns, etc. are going to take precedence over fucking hunks of metal instead. So how about you invest in those instead.

>There's only a finite supply

ya until paper trading came along, now the price equilibrium is completely fucked, no one really knows if its overvalued or undervalued.

point is, stay the fuck away from this garbage, I lost a lot when it crashed and unlike bitcoin, shits not going up anytime soon. But sure you dumb fucks, keep putting money in these assholes pockets. Fucking suckers...

>>8733625
my county and municipality has specific laws in place where that individuals are not required to report or pay tax for buying or selling bullion and there are no capital gains taxes for them either

>>8735619
Can you elaborate in detail? Not just memes and generalities. I'm genuinely interested in what you have to say on this topic

>>8735652
tell me more about your stacking experience anon

>>8735652
>>8735619


discuss

>>8735652
yes i have made money so your argument that it is worthless is mute. just because you are bad at trading or do not possess the necessary capital to do so is your problem.

>>8735723
>>8735785

>>8735837
...ok chief, what's the game plan then?

>>8735825
Are you fucking dumb or stupid. Just because you make money on something doesn't mean it has an inherent worth.

>>8733586
>silver and gold are REAL money
This but money isnt money

>>8733320
Just accumulate the shit out of it anon
Gold is safer than land at this point. Real estate all over the globe is currently inflated by chinese billionaires and communist party pawns acquiring all the equities they can get. There is an unlikely but possible scenario where the west passes some law to cuck china out of their investments which will cause demand and therefore price to plummet. Gold and crypto all the way

>>8735905
the current price of mining and producing one ounce of silver is $14, this gives it a floor value. Its has worth beyond this value due to industrial demand, manufacting, biomedical, jewelry on top of a market that activley trades and demands it

>>8735899
Havent you ever seen a pump and dump before son?

>>8735997
I'm pretty green desu
just tell me what to do :(

>>8735775
Please use me as a learning experience. I got in around 2011 which as you can see from the charts was the worst possible time to fucking buy. I was literally the epitome of buy high and sell low meme kek.

Anyways, I think I had somewhere around 700 ounces of mostly mint silver eagles, 5 Gold Eagles and some shitty silvertowne bars. Anyways as you guess the market took a shit and isn't going to recover anytime soon. So After holding for a couple of years I decided to take it as a learning experience and cut my losses because I wanted to move my money into other things because I'm still young and dumb.

It used to bum me out when I thought about it but I've moved on. It is what it is. It also didn't help that I bought the whole SHTF hook, line and sinker. After maturing a little I realized that this is just another salesman tactic to create a specific type of FOMO to get you to buy. In reality, if the dollar goes down we're all fucked, so might as well invest in treasury bonds instead. Or guns and ammo.


This same line of thinking is used on sites like zerohedge.com and other bullshit doomsday places. Its only after a moment of clarity that you see it for what it really is, a cult. So do your best to distance yourself from that shit because it can suck you in.

>>8735899
obtains stores of value that are not the USD

>>8735978
>the market actively trades and demands it

The market actively trades and demands paper silver and gold, not the tangible product.

And as far as the industrial applications are concerned, they have been way overhyped, as well as the mining aspect. Silver is a byproduct of other materials being mined, with very few mines existing solely because of silver.

I'm telling you dude, don't by into the meme. Its all bullshit. I'll prove it to you, show me one article that isn't written by a silverbug that's super bullish on gold or silver.

Most of the trash out there today is written by people who have a vested interest in it, such as exchanges or 'guru's' which are of course fucking snake-oil salesman.

>>8736010
my rule has been to buy a little whenever it dips down around $15, I started in 2014 though

>>8736041
other than food+ammo+etc what is this? I assum eother fiat currencies are out too.

>>8736010
Gold prices have fluxuated greatly in the last 40 years and you could have gotten rich if you had bought at the right time, the right time is during economic upheavel if you look at the history of Gold prices:
http://onlygold.com/Info/Historical-Gold-Prices.asp

>>8736054
one sector that creates a large silver demand is solar energy tech, which is projected to boom in usage in the coming decades. just because there are tons of gold shills out there trying to take your money doesn't mean its not a decent store of value that will always have demand. whether you like shiny rocks or not there are people who do and it will create a demand

>>8736073
precious metals, land, crypto

Are silver coins worth it ($2 or $3 above spot) as opposed to bars or other forms that sell near spot?

>>8733320
wow a whole like 300 bucks worth of silver.

Jesus christ.

>>8736193
Based on what I've gathered from my local coin shop, stacking for weight is best
I would go with:
>80% lowest premium .999 you can get, my preference is sunshine mint rounds and bars (be wary buying 100oz bars)
>15% american eagles for liquidity and recognize-abilty
>5% nice Perth mint, panda, high premium coins to keep yourself interested


You want to check the source you'll be selling to and find the items with the best spread between selling and buying

>>8733505
no coin shop will buy at spot

>>8734813
That's the plan.

>>8733320
Buy a monster box of american eagles and call it done. Thats about 10K right now and will cover you in any SHTF scenario. After that completely forget about metals and put your money to good use.

>>8734715
This guy knows what's up

All you lazy pricks should go outdoors and find some real gold nuggets. Don't be afraid, you can research goldfields then go find gold and stack it. I went out today and got 1.6g for 3 hours. I'm not rich from that but they are all adding up

>>8737079
>Being such a kike you literally pick through the dirt to dig up more gold

>>8737089
Fuck yeah. I ain't wage cucking. Fresh air, no boss, and trading crypto, kys faggot. Go play outside once in a while

>>8737131
>>8737079
enlighten me goldbro
Please spoonfeed me the secrets, you're not out with a pan all day in a river finding specs and filtering them and shit are you?

>>8733320
>owns precious metals
None. You should be buying blockchain assets.

>>8737182
Well it helps if you live around gold bearing ground, if there was a historic gold rush nearby it will be easy to research where and what was found in your area. What you want is alluvial ground, if the area was deep mining with no surface gold then don't bother but do research where surface gold was found then look for old diggings and either metal detect the old Mullock heaps or
Look for hills nearby, working the slops and immediate flats nearby. Quartz and ironstone are good indicators and pipe clay It all comes down to persistence and patience, the longer you put in the better the returns. So many people give up and decide no gold left. Nah there is! But it won't find itself. I use metal detector now but have panned gold (slowest) and used dry blower 100x faster than pan, but it's heaps more labour intensive.

>>8737182
not him, but I have noticed there is a lot of good gold panning books on Amazon

>>8737330
Don't waste your money unless they have rough gold maps in them. Otherwise online has all the info, you could hit the national library for stuff unknown to internet since gold rushes round here happened nearly 200 years ago.
Also only buy a minelab metal detector, newer the better. Have tried and researched all the others and overall don't bother. Prospectingaustralia.com.au is very good. All old faggots but good archive info.

It's an investment buying a good detector but without it you'll struggle. My detectors have always paid for themselves and enough to stack. Good times

GOLD IS 3X OVERVALUET NOW

Well the advice my father gave me is to collect gold to give to posterity. The idea is that it can easily be hidden from the government and you can cash it out tax free if less than $10k.

>>8734469

We'll be hanging Kikes Loooooooooooong before we Reach Venezuela or Zimbabwe their Hyperinflation.

>>8737519
Yes it's true. Collect gold and the dole

my plan is to build an emergency savings, ie enough gold and silver to cover 1 years expenses for me. in a safe guarded by guns of course. its not an investment but rather my savings account so to speak

What's the best way to prevent silver from oxidizing?

I don't want to pull it out of the safe in 5 years looking green.

>>8735652
Kek
>t. bagholding silver since $45

>>8733458
>Actually preparing for the apocalypse

Even in the Great Depression order was maintained by the government. No need to prepare for some apocalyptic scenario.

What you do need to prepare for is economic collapse, leading to your wealth being lost in some way such as a stock market collapse or rampant hyperinflation.

>not stacking mythic rare foil mtg cards for the Big One
>not realising people will have to play tabletop games for amusement
>implying they won't want genuine authentic antique cards for conflict resolution EDH matches

>>8737483
You mean undervalued since the dollar keeps getting printed on a daily base

My country still holds some big gold deposits from the discovery era(Portugal). All our jewelery is 24 karat so we dont really need to buy gold. I do own British gold pounds though.

>>8733363
You low premium niggers are the stupidest stackers of all. If you had any common sense you would have bought the more exotic coins that change design every year and then sell them to collectors for way more profit and then accumulate more silver.

>>8737871
I did the same, then i got denied my neetbucks because jews took in to many immigrants so i had to spend it all.

fml.

>>8733320
>make it

You cant "make it" with gold. Its just a way to secure your financial holdings.

>>8733458
t. fag with a gas mask fetish
Everyone knows fuel will expire after some time
It's a fucking economic crisis, so you'll just need as much gold and silver as possible, and maybe some food that doesn't expire and a camping stove in case shit really hits the fan. And water.

If something like 1929 happens, it won't be a zombie apocalypse, but you'll probably be safer with a gun against looters and desperate people.

FUCKING LOL. PRECIOUS METALS

>>8735652
>nothing personnel kid

tfw /biz/ realizes silver is like a physical crypto token that cannot be replicated here on earth. Except this absolute smooth brain

>>8733465

>>8734878
>Estonia economic collapse
BOSNIAN you retard, BOSNIAN.
And that story is a fake, by the way.

>>8736010
>I got in around 2011
>It also didn't help that I bought the whole SHTF hook, line and sinker
Litteraly me. Thanksfully I hadn't much money to throw away at the time so I bought about 400 euros of gold and silver. Still have them kek