/pmg/ - Precious Metals General

[Anonymous No.23860317]

Harry Potta 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)

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

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

>Prospecting
https://youtube.com/watch?v=ZCL6FKQZyoM [Embed] [Embed]
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://youtube.com/watch?v=3mg9YcAShTo [Embed]
Magnets
https://youtube.com/watch?v=NgSXg-WOEVY [Embed]
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:
>>23848376

[Anonymous No.23860405]

first for Precious Waifus

[Anonymous No.23860440]

first for 9000 hours in mspaint

[Anonymous No.23860492]

>>23860317
This is my first junk purchase. She weighs a bit over 760g, full sterling, 25cm in diameter, cost me exactly 500€ so it was just a bit over spot, although that's a price I'm willing to pay for a beauty like this. Managed to begin sparking a relationship with the seller, super cool guy with tons of junk silver all around that buys them from auctions and friends. Knowledgeable and professional too -- said this piece looks distinctly Portugalian and that he Röntgen scanned it to ensure it's sterling. Had similar pieces but I'm too poor so I'll just buy some more from him later probably

Another anon asked me to fill it with Werther's toffees but I'd have to buy a bunch to fill this baby up

[Anonymous No.23860501]

comfy winter mode: engaged

[Anonymous No.23860505]

Buy CLF

Invest in Iron and steel

[Anonymous No.23860527]

>>23860492
fill it with the tears of your enemies and the lamentations of their women

[Anonymous No.23860659]

>>23860501

[Anonymous No.23860675]

AHHHHHH come on where are teh cheapies!

aun went down 8% but recovered to fast.....
none of my orders will fill at the bid price... what kind of bullshit crash is this!

SMG ASSURED ME MY BOOMER ROCKS WOULD BE WORTHELSS!

[Anonymous No.23860759]

oh shit bros

[Anonymous No.23860856]

>>23860317
Anyone else getting really sick of this eternal crab at $24? I want either cheapies or a moon mission

[Anonymous No.23860974]

We're all gonna make it

[Anonymous No.23861078]

>>23860856
lel

shit crabbed at 25 cad for me for years. This year has been nutzo. Be patient, markets havnt yet realized the vaccine was a total scam yet, let alone normies who think they are getting life back to normal soon vs the reality of another 2 years of lockdowns.

[Anonymous No.23861139]

News from Summa Silver, they plan to begin drilling their Mogollon gold-silver property in New Mexico next year which is an interesting decision to me. I'd thought they would focus on their Hughes project in Nevada since it has a drilling project ongoing at the moment, and has a lot of totally undrilled ground. Could it be that they haven't been able to get good results there so far? In any case, the Mogollon property is interesting as well. Still sucks that these guys aren't on TSX or NYSE... I don't want to invest through the illiquid FRA...

"Summa Silver Plans Minimum of 15,000 m of Drilling in 2021 around the Consolidated Mine at the High-Grade Silver and Gold Mogollon Property, New Mexico"

https://kincommunications.com/summa-silver-plans-minimum-of-15000-m-of-drilling-in-2021-around-the-consolidated-mine-at-the-high-grade-silver-and-gold-mogollon-property-new-mexico/?utm_medium=email&_hsmi=99576160&_hsenc=p2ANqtz-9xh3VbdEW2k_TbaWVbmvSZRL-lteoRscTULOQuaEFAlUdQryYDHgN7CwaI9Ryz86SxYD25pqx6_93HjAH8tmQUAe3t3utTanfvsv78bqhy8zwVTrI&utm_content=99576160&utm_source=hs_email

[Anonymous No.23861163]

>>23860759
lmfao. What an absolute bandit

[Anonymous No.23861201]

>>23860759
>>23861163
My father wanted to put 10k in them on Monday. Got him down to 4k instead.

[Anonymous No.23861285]

>>23861139
Also, news from Bayhorse! Surprisingly they're finally talking about some concrete drilling plans, soon too! If there's anybody who for some reason is bullish for BHS, it would be smart to put some powder in during these next few months

[Anonymous No.23861416]

>bought 300 GDX Monday for @$38.25
>today $36.90

[Anonymous No.23861442]

>>23861416
It will be above 40 in a week or so. Don’t fret.

[Anonymous No.23861458]

>>23861416
Just close it and don't check until at least a month.

[Anonymous No.23861486]

Well... Not getting the cheapies I want, but decided first majestic was low enough that grabbing 500 shares wouldn't be the worst decision I ever made.

mmmm 50 cents discount on silber

[Anonymous No.23861525]

>>23861486
If only their rounds weren't a blatant stock advertisement. They have a nice design otherwise if they would remove it.

[Anonymous No.23861554]

>>23861442
>>23861458
thanks bros

[Anonymous No.23861639]

>>23861525
doesnt matter the shipping fucks me anyways. already made 30 buxx, thinking about selling

[Anonymous No.23861651]

gold > silver
sorry but its true

[Anonymous No.23861667]

>>23861651
You are right. Although both are great

[Anonymous No.23861696]

>>23861285

Bayhorse doubles or triples overnight as soon as we get an announcement of production. I'm happy to wait.

[Anonymous No.23861741]

>>23861651
You're right. No Government has ever cofiscated Silver compared with the countless ones that confiscated Gold. Most of us here would primarily stack Gold if we could afford it.

[Anonymous No.23861783]

>>23861741
It feels wrong to stack one without the other though. They're brothers.

[Anonymous No.23861868]

>>23861783
silver will be copper tier

[Anonymous No.23861874]

holy fuck... my AUN and my MUX share prices almost touched dicks this week

[Anonymous No.23861904]

>>23861651
at what ratio though

[Anonymous No.23861905]

>>23861868
copper will be silver tier

[Anonymous No.23861936]

>>23860492
>Portugalian

[Anonymous No.23861998]

What's the use of buying silver bars?
I can understand why buying rounds and coins, but why bars?
These bars are no supossed to be melted, so what are these good for?

[Anonymous No.23862045]

New fag here I was curious what is the best types of metals to buy like bar coin ect I bought my first uncultured coin from the mint site mainly as a collector item to sell later in life

Also are copper bars a good investment or a meme?

[Anonymous No.23862075]

>>23861998
They're cheaper than coins and typically larger and cheaper than rounds. The rectangular shape makes them easier to store too.

[Anonymous No.23862080]

>>23862045
Copper has potential in my opinion. When Silver becomes too expensive, poorer investors will look to copper and the market will gain traction as a result of that.

[Anonymous No.23862116]

>>23861285
>>23860856
>>23861486
we're all gonna make it

[Anonymous No.23862121]

>>23860974
Would give a merc to for her verdict on my unorthodox love making style

[Anonymous No.23862199]

>>23862045
Meme.

[Anonymous No.23862239]

>>23861741
>You're right. No Government has ever cofiscated Silver compared with the countless ones that confiscated Gold
Uhhhhhh, dude?
https://en.m.wikipedia.org/wiki/Executive_Order_6814
https://www.google.com/amp/s/amp.jmbullion.com/investing-guide/buying-physical-metals/fdr-silver-nationalization-1934/

[Anonymous No.23862262]

>>23861696
I mean technically they already are in production, they're just amazingly slow. I just hope they won't dilute the shareholders too much... Even good drilling results won't pump up the share that much now that the market is aware of their incompetence in production.
>>23861936
Sorry I'm not a native English-speaker
>>23862045
>Coins or bars?
Depends on where you're from at least when it comes to silver. Most Eypo countries have VAT on silver but a few have VAT-free silver coins. I think silver bars are taxed all around the EU but not sure. Also if you're a bong you'll get tax benefits when selling Britannia coins. Other than that it's up to preference. Get gold first as it's more expensive to stack (good start would be a half, one or two ounce coin) and then you can just buy silver pretty much whenever you want to without having to pay huge lump sums.
>Copper
Honestly not sure about that. I hear you can just go collect copper scrap you find lying around and stack that lol

[Anonymous No.23862301]

>>23860317
im usually pretty active on here but ive been doing a lot of "programming" recently

[Anonymous No.23862339]

>>23861868
What an outrageous claim. Get out.

>>23862045
It will go up but you'd need a warehouse full to make any real profit.

[Anonymous No.23862355]

>>23860759
Pms are back on the menu bois

[Anonymous No.23862370]

gonna start buying 1/20 oz gold coins soon and make a lil ounce stack

[Anonymous No.23862486]

>>23862370

the premiums are super high on those man, just save your money and shoot for 1/4 oz coins at the least. If you want a 1/10 or a 1/20th just for the novelty then go for it, but dont stack multiples of them, by the time you buy 20/20 oz boys for a full ounce, you've spent enough on premiums to get a few extra fractions.

[PAN MAN No.23862579]

>>23861285
wow starting drilling this late in the season doesnt seem like a great idea unless they have a ton of snow plows and a mobile camp. Those early coastal snow dumps are crazy.

[Anonymous No.23862652]

I was going to buy next week bros ...

[Anonymous No.23862672]

Is it a good time to buy gold? If so which of those sites can I buy in Canada?

[Anonymous No.23862726]

>>23862672
When is it not a good time to buy gold anon? Also people here like Monument Metals a lot so check that out

[Anonymous No.23862749]

>>23862239
I wasn't aware of that, but it seems a lot different from a Gold confiscation. The Silver was confiscated to inflate the price of Silver and create more coins which would go into circulation whereas Gold was confiscated for the Governement to hoard.

[Anonymous No.23862753]

>>23862486
Best advice ever.

[Anonymous No.23862782]

some nigga sell me their griffin 1/4 oz queen's beast, need that birdboi to round out the set

[Anonymous No.23862841]

Little delivery I've got this morning. My first bit of gold (1/4 oz) after around 600oz + of shiny silver. Looking to get 1/2 oz coin next, premium on 1/4 is harsh.

[Anonymous No.23862932]

What are some good sites to buy from for the cheapest metals? bros

[Anonymous No.23862994]

>>23862486
you're right. thats a difference of a couple hundred dollars after you have the full ounce

[Anonymous No.23863016]

>>23862932
www.straightfromthefoundrybullionco.com

[Anonymous No.23863040]

>>23862932
Monument metals is pretty decent. Some of the others have sales going on occasionally too. Use the findbullionprices site to help you search.

[Anonymous No.23863042]

A lot of newfags flocking here today... Did reality kick in at /smg/?

[Anonymous No.23863064]

>>23862749
Whether it’s for coinage or not isn’t really relevant, it’s the fact that the government demanded you turn over your property under threat of locking you in a cage for a decade. Also the government doxxed everyone who owned more than 50,000 ounces of silver and their names and addresses were public information, encouraging neighbors and such to call the police if they didn’t comply

[Anonymous No.23863361]

>>23862841
nice leaf. i really like those canoe dollars too

[PAN MAN No.23863534]

Interesting news from Seabridge gold and their Iskut property. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/933-tsx/sea/87402-drilling-finds-additional-evidence-of-large-gold-copper-porphyry-system-at-seabridge-gold-s-iskut-project.html

[Anonymous No.23863540]

>miners up
>paper price down
Is this indicative of the decoupling?

[Anonymous No.23863542]

>mfw PMs have done nothing since August

[Anonymous No.23863590]

>>23863540
None of my miners nor the GDX are up on the day

[Anonymous No.23863611]

>>23863540
>>miners up
mine are down 1k today

[Anonymous No.23863644]

>>23863534
Huh. Never heard of these guys before
>>23863540
People probably just realizing that the vaccine day was a major overreaction and people are now buying cheapies

[Anonymous No.23863709]

>>23862932
providentmetals.com has even better prices than apmex

[PAN MAN No.23863778]

>>23863644
been following Seabridge for years, they are right next to Pretium and their Brucejack gold mine. Their Iskut property is a bit different than a lot of other ones we look at but its still got good gold and silver values.

[Anonymous No.23863780]

has anyone in the US bought NESRF Northern Star Resources Ltd? It's Australian and the price movement is tough to understand, trying to figure out if it might get cheaper today

[Anonymous No.23863838]

>>23863590
>>23863611
>didnt buy impact silver
ngmi.

[Anonymous No.23863844]

>>23863778
I see they've got gold over very large distances, the copper concentration is at least medium-grade too. Might become a profitable and diversified open-pit project. Or is there potential for something surprising yet unfound? Not that the open-pit is bad or anything of course

[Anonymous No.23863898]

what do you guys think of my 2 oz high relief?

[Anonymous No.23863911]

>>23863590
>>23863611
I'm talking relative to the price of Gold a month ago. Miners vomited much faster and harder at just as low PM prices previously.

[Anonymous No.23863968]

>>23863898
High relief's are almost always amazing.

[Anonymous No.23863995]

>>23863898
Impressive. Very nice. Let's see Paul Allen's coin.

[PAN MAN No.23864003]

>>23863844
its a huge property, they have been exploring for a few years there now that their Kerr Sulfurrets Micheal property is all explored and proven. I think there are a few things yet to be found at Iskut, they think that the drilling has only reached the top half of a much larger mineralized structure. Also placer gold in the area around the Iskut river points to a yet undiscovered quartz vein system with free gold.

[Anonymous No.23864007]

>>23863838
Have it, 2 out of 19 up today

[Anonymous No.23864043]

>>23864003
That sounds amazing. Agh. Too many great projects to choose from, too little money to invest.

[Anonymous No.23864045]

>>23864007
its fine, pm wont go up yet, check the 10y US, it keep rising today and is close to 1%. Something big will happen soon.

[Anonymous No.23864090]

>>23860317
Gold and Silver will skyrocket once the Great Reset happens. We will go cashless and there will be a gold backed cryptocurrency, FEDCOIN.

[Anonymous No.23864100]

>>23864045
Where? Mine refuses to update from yesterday.

[Anonymous No.23864277]

PM price gonna return to before pandemic level isn't?

[Anonymous No.23864325]

>>23864277
Would be nice if they did go down but sadly they'll claw their way up again

[Anonymous No.23864395]

>>23864325
thank goodness for those big red arrows, otherwise i would have no idea how to interpret this graph

[Anonymous No.23864434]

>>23862841
Look into European Gold, francs, ducats, sovereigns, etc. Lower premiums on fractionals all around.

[Anonymous No.23864494]

>>23864434

[Anonymous No.23864505]

>>23864395
Kek, never can be too sure when you're on /biz/

[Anonymous No.23864697]

Talking to my relatively normie brother today while he gave me a ride to the airport we started talking finance. BTC came up and he immediatly started shilling it, even after I told him I had .8 btc, I dont know what it is about people and BTC where they ALWAYS reply to "BTC is a speculative investment, it has no inherent value" with "its gonna hit a million, BTC holder will be richest people in the world and everything everywhere will be bought directly with BTC" I mean I tried to expain it needs an exchange which he got, and I tried to explain that BTC 2.0 - infinatte replicas can be made, but it didnt seem to sink in that its not an inherantly valuble thing that cannot ever go down in the long run. He also thought it was something no one had really heard of... so im super bearing on it now... at least he knew what gold was, but he seemed to think that it being super old was bad, and that BTC being super new was good... he thought you couldnt even buy gold...

Thinking of liquidating it all now desu... too many people making BTC to a million vids.

PMs are still hated, miners even more so, I always feel safer knowing this isnt a super hyped sector

also my limit on VGLD went through, CHEAPIES GALORE !!

Thanks for reading my blog, im stuck at the airport for another 8 hours

[Anonymous No.23864937]

Stacklet reporting: Got 1oz ASEs at just below $2 over spot, how'd I do?

[Anonymous No.23864950]

https://www.youtube.com/watch?v=KkYxp53rYt4

[Anonymous No.23864972]

>>23864697
Seems like a lot of dumb money is in BTC. Could also be bullish if normies start flocking to it after a new ATH. I'm still very critical of cryptos because they just float and do nothing of value, not to mention that most are actual ponzi's. Maybe I'll put 100€ in them and see if I can make some gains off of people's stupidity before cashing out
>at least he knew what gold was
Lmao

Good post anon. Have a safe flight

[Anonymous No.23865098]

My thot senses are all a-tingle...
Female posters reveal yourselves!

[Anonymous No.23865122]

>>23864697
>Thinking of liquidating it all now desu... too many people making BTC to a million vids.
To me liquidating BTC for physical Ag or Au is a no brainer

[Anonymous No.23865167]

>>23864697
The elites are funneling all normies into the cryptosphere and accumulating all the metals at cheap prices. Once they're done that, they rugpull bitcoin and probably stocks too.

[Anonymous No.23865223]

y/n on dry powder? im itching to buy more

[Anonymous No.23865241]

>>23865098
Hey bb, u wana see my vagin? First send 10oz pur silver to my inbox. Hunny please hurry. Am gettin so horny.

[Anonymous No.23865244]

what’s your favorite kind of constitutional silver?

[Anonymous No.23865395]

>>23865244
Nice pubes dickhead

[Anonymous No.23865435]

>>23865241
>>23865098
We really need a /pmg/ thot that posts her holes filled with pm toys

[Anonymous No.23865444]

>>23865244
Based pube anon

[Anonymous No.23865450]

>>23865244
Based pube stacker strikes again

[Anonymous No.23865464]

>>23865435
Throwing up now

[Anonymous No.23865540]

IN STOCK FOR PRE ORDER

https://monumentmetals.com/silver/mexican-silver-libertads/2020-mexico-silver-libertads.html

[Anonymous No.23865558]

I hate my miners

[Anonymous No.23865593]

>>23865435
No

[Anonymous No.23865601]

>>23865464
You a thot?

[Anonymous No.23865622]

>>23865558
cheer up anon, when silver passes gamer girl bathwater you're gonna make it

[Anonymous No.23865701]

>>23865540
Snagged 2. Thanks anon.

[Anonymous No.23865707]

>>23861416
Sell out of the money covered calls

[Anonymous No.23865722]

>>23860405
>want to get back into buying silver a few months ago
>don't want to let go of my pieces of paper because i'm saving for something big
>told myself i'd be fucked if hyperinflation hits since 90% of my savings are in cash
>still can't get motivated
>edited pictures of anime girls with billions however have sufficiently motivated me
Thank you /pmg/.

[Anonymous No.23865732]

>>23865435
We don't need a Thot, we have the guy that puts pubes in his photos.

[Anonymous No.23865747]

>>23865701
Right on!

[Anonymous No.23865778]

Advice: Don't diversify your stack as much as possible, the more variance in your stack the harder it will be to sell/trade it in the future
>never selling
If your never selling and leaving it to your kids or whatever else you tell yourself, your kids are probably gonna sell it anyway, so make the job easier for them if your "never selling"

[Anonymous No.23865930]

>>23865435
Coomers on /pmg/. never thought I'd see the day.

[Anonymous No.23866046]

>>23860440
Kek

[Anonymous No.23866067]

>>23865244
Sort it out lad. You nearly make me vomit every time I come one here.

>>23865778
When I sell it will be at the time when niggers will wash every window in your house with their tongues just for a glimpse of a coin. There'll be no problem shifting it.

[Anonymous No.23866097]

>>23860759
He knows that this short term bump is going to get hit by a massive wall of deflation. Sell now, buy back after the crash before the big inflation melts it up.

[Anonymous No.23866133]

>>23865930
>Coomers on /pmg/. never thought I'd see the day.
99% of 4chins are coomers

[Anonymous No.23866149]

>>23865778
No kids, no wife and I dont plan to leave any legacy in this world. I'm only investing into silver to get fuck you money before 35yo and live like a fucking hermit in SE Asia. Also focusing on 5 stocks, too poor for more.

[Anonymous No.23866150]

>>23861416
Nobody listened to deflationists like me. Long term, PMs are golden. Short term, deflation is going to create a very rocky ride and miners are not the same as holding the metals. Miners are a form of leverage on the price of metal and they are going to be even wilder in the ride.

[Anonymous No.23866184]

>>23866149
What's your stack looking like now?

[Anonymous No.23866196]

>>23866149
fucking legendary

[Anonymous No.23866230]

>>23866184
475 oz silver, 2 gold bar (500 and 100g). 3k in miner and adding 1k each month. Went too heavy on physical, I regret my buy, oh well.
>>23866196
we will all make it brah, no vagina will take half my shit.

[Anonymous No.23866233]

>>23866150
Why do you think we will have deflation, I will listen

[Anonymous No.23866256]

>>23865930
Did you miss the animuposters and the silvergook posters?
I just want pics of an authentic /pmg/ slut stuffing her holes with silver dildos

[Anonymous No.23866265]

>>23861285
>>23862579

Interesting, it just started getting real fricken cold in BC this week too. BHS chart looks like a decent entry for anyone looking to buy. Sitting on 200 day MA and at pretty strong resistance. Should be bouncing soon imo at minimum. Anyone looking to sell should hold on a little longer

[Anonymous No.23866329]

>>23861139
Crazy that Summa was over 3.4$ in august. I put 1000$ in this one at around 1.2$, should easily hit the 3$ mark again some time next year IMO. Great projects.

[Anonymous No.23866330]

>>23866230
Bloody hell. You've done well there. Your gold will never go down so I wouldn't worry too much.

>>23866256
Come on mate this is a blue board on a big site, no need for that here.

[PAN MAN No.23866364]

>>23866265
be warned a lot of people have been disappointed with their work lately. They havent been able to increase production at their operating mine in Idaho which hurt them badly. I am hoping their drill results are good at Morrison but it could be challenging to drill this early with deep heavy snow, as well as how cold it will be. To top it all off the ore there is nuggety pocket gold. Core sampling will have to be very specific and thorough to be accurate

[Anonymous No.23866414]

>>23866150
Eh I`m in the deflation camp but I`m buying miners anyway. The monetary response to deflation is more money printing (I know it's bank reserves) and fiscal spending. General currency fuckery and loss of confidence in currencies in general will be the result as central banks will do everything they can to prevent deflation (they probably can't). Eventually they'll probably change the rules like they did in March to start the real inflation. Regardless, PM's do great in inflation and in deflation due to the monetary and fiscal response.

[Anonymous No.23866429]

should i get some barrick gold? it seem to be at support

[Anonymous No.23866441]

>>23862652
Great day for my Uranium miners. Looks like we might be starting the next leg after this consolidation soon.

[Anonymous No.23866529]

>>23866429
GOLD, BTG & KGC are all super cheap today, wish I had money ready to go

[Anonymous No.23866609]

>>23866364
Sadly I'm one of those disappointed people. Probably the biggest loser in my portfolio. The only reason I haven't sold is because the chart looks decent. Luckily I hold only 1.2% of the portfolio in them as I knew they were highly speculative. I feel bad for the few guys in here who put big money in.

>>23866429
Can't go wrong with Barrick. You're getting a better price than Buffet and the chart looks great. Honestly can't go wrong here.

[PAN MAN No.23866669]

>>23866609
its frustrating too because they seemed to know what they were doing with the Brandywine exploration work, they just dont have the staff or management team to get their operating mine up to the next step it seems.

[Anonymous No.23866895]

>>23866529
>>23866609
just bought 95 shares thx hopefully gold will moon again tomorrow so it pumps up

[Anonymous No.23866910]

>>23860317

[Anonymous No.23866960]

>>23866669
https://www.youtube.com/watch?v=G_41wpKp8Wc

Some guys got caught dredging Dan Hurd's claim lol

[Anonymous No.23866999]

>>23866441
Nice breakout for $UUUU.

[Anonymous No.23867016]

>>23866910
I mean that's a lot of mike maloneys

[Anonymous No.23867017]

>>23866669
any info on Mountain Boy Mineral ?

[Anonymous No.23867019]

>>23866895
good luck fren, I bought Barrick last week @$25.95 and felt like I won the lotto, it will probably be $28+ by Monday

[PAN MAN No.23867027]

>>23866960
HOLY FUCK finally! These shit heads were dredging up in my neck of the woods in August! Our cops couldnt catch them doing it, i am glad Dan got them, look at all that free mining gear he gets too! Hell he could call dibs on their vehicles too if the government doesnt first.

[Anonymous No.23867085]

>>23867019
>>23866609
I bought NEM instead.

[PAN MAN No.23867114]

>>23867017
there a tiny explorer with Territory on the American Creek drainage in the Golden Triangle, near Pretium's Brucejack and Seabridges Johnny Mountain mine as well as the Red Cliff properties near Stewart BC. They have very interesting ground but there tiny, about 11 people total in the field. I need to reread their reports too but I recall them getting good results at Red Cliff last year.

[Anonymous No.23867135]

If I had to choose between
Uranium Participation Corp
Cameco Corp
or UEX Corp
Which would you choose? I'm leaning towards Cameco Corp

[Anonymous No.23867155]

>>23866233
I’ve posted in prior threads. Sadly, I have a crap ton on my honey do list right now and heading out with my son for some day off fun. But I will point you to Jeff Snider and Stephen van Metre. Brent Johnson is good too. But Jeff Snider is scary intelligent on the monetary system. This guy will teach you so much you didn’t even know that you didn’t know.

This series on Emil’s channel is good. This is the recent episode. They generally break them j to three themed parts.

https://youtu.be/h9d8IEFRMwI
https://youtu.be/9U7p9H3_VZk
https://youtu.be/LH1wDUG-dEI

[Anonymous No.23867206]

>>23866233
And I just want to be clear though, that we will have deflation in the short term until the people and government feel the pain enough and recognize small scale stimulus isn’t working. Only then will they start spending enough to counteract the deflationary forces. Inflation is coming, but they have to get over the hump of deflation first with big enough spending. Until then, like the last stimulus, you will see short term deflation, followed by deflation. We will see waves of this until Congress decides to go all in and have stimulus large enough to actually push us into the high inflation scenario most in pmg are waiting for. So don’t get shaken out on this roller coaster. And don’t play in leveraged paper or you can lose your shirt.

[Anonymous No.23867274]

>>23867017
Will there be followup punishment for these guys? It looks like they got away without losing much from the video, and the comments says they don't get to seize the gear. I'm not familiar with these laws. I hope they get punished to the full extent Dan was really proud of this claim.

>>23867017
Chart looks like a huge dump but a great entry point, althought below 50 day MA. Probably from free trading shares entering at .25C. Drilling ongoing I think, results coming in sometime. I'd buy some if I had liquidity.

>>23867135
I don't remember much about UEX but they're a small cap play. U acts like an ETF holding the underlying Uranium if I remember right. Cameco is one of two majors in the industry with Khazatoprom. It depends on what you're looking for; I think UEX will give you a lot more torque in a full blown bull market at the cost of a lot of risk. U will go up so long as Uranium prices rise, which it eventually definitely will. Cameco is like an inbetween for these two in terms of risk vs reward. they also pay a dividend.

[Anonymous No.23867317]

>>23867155
>QE is deflationary because the money is being held by the banks instead of flowing into the economy.
That the tldr of your argument, correct?

[Anonymous No.23867353]

>>23866910
>>23867016
Assuming Mike Maloney weighs 200 lb. a billion trillion Mike Maloneys would weigh about 10^20 tons, which is still a lot lighter than the sun which weighs in at an estimated 4.385x10^30 tons. Just based on weight alone, the Billion Trillion Mike Maloneys wouldn't stand a chance.

[Anonymous No.23867454]

>>23867274
meant for
>>23867027
Will there be followup punishment for these guys? It looks like they got away without losing much from the video, and the comments says they don't get to seize the gear. I'm not familiar with these laws. I hope they get punished to the full extent Dan was really proud of this claim.

>>23867317
The banks get the money as reserves at the fed that they use as collateral to lend out, but if they don't lend there's no introduction of money, as I understand it.

>>23867353
>>23866910
>>23867016

bullshit. Mike's stack alone is likely over 10 tons. If mike used his stack as a reflective shield, he would reflect the heat back into the sun, therefore overheating it and destroying the sun. Mike would be back by coffee time to make a new GoldSilver video.

[Anonymous No.23867510]

>>23867085
Good one!

[Anonymous No.23867529]

>>23867510
I got attracted by the dividend and it seems more stable than GOLD.

[Anonymous No.23867688]

>>23865244
I love 19th century british sterling

[Anonymous No.23867689]

>>23867353
>a billion
4634934698 x 10^99 billion trillion, not just a single billion trillion

[Anonymous No.23867795]

>>23866960
great video! about how much does a claim like that cost?

[PAN MAN No.23867820]

>>23867454
basically the rule is if the claim jumpers cant pay back the damages on the ground committed while illegally mining, than their equipment can be confiscated by either the claim owner or mines inspector to recoop the looses and pay for any damages done to the site. I ve seen people loose their trucks and campers because they were caught illegally mining. Two years ago one of the gate watchers in our area caught 3 junkies with an excavator and washplant setting up on one of my mates claims. Cops were involved and the gear was confiscated, than handed over to the claim owner. I am very surprised these fucks werent screwed, they were caught in the act of dredging (a $5-10k fine on its own). If I were caught doing that, I would be done, KO do not pass go.

[PAN MAN No.23867866]

>>23867795
Dans Wild Horse ground was around $10k. Its fantastic placer ground, too bad he didnt get to dredge it himself. You can buy claims easily, you just have to find respectable sellers. Never buy ground off kijiji for example.

[Anonymous No.23867890]

So, any thoughts on this shit??

https://www.youtube.com/watch?v=wIjaoRVgOk0&feature=emb_logo

I am too new/stupid to confirm what is being said here but it doesn't look good

[Anonymous No.23868165]

good evening frens

[Anonymous No.23868407]

https://www.kitco.com/news/2020-11-11/Gold-rallies-should-be-sold-price-could-drop-to-1-500-in-2021-DeCarley-Trading.html
Looks like bull run is canceled, gold to 1500 in 2021...

[Anonymous No.23868507]

>>23867890
Good post. Fundamentally he's saying supply will fail to meet demand, and when people find out they're going to panic and silver will moon. Also, if you don't hold it you don't own it.

Seems about right to me.

>>23868407
Kek. Nearly every single one of those sites is a fudding mechanism. It's best to do the opposite of what they say.

[Anonymous No.23868517]

>>23868407
Why is Kitco so schizophrenic?
https://www.kitco.com/news/2020-11-11/-5-000-gold-price-is-not-that-far-out-Rob-McEwen.html
Do they just let whomever present a thesis?

Also, I hope McEwen is a better mining CEO then public speaker.

[Anonymous No.23868559]

>>23868407
>she
it could actually hit high 1300s and still be bullish

[Anonymous No.23868626]

>>23868507
Yeah that conversation and another one he had about bitcoin has simultaneously caused me to doubt crypto/BTC and believe in metals.

So uh... what's the fastest way for me to get silver and gold in my pocket?

[Anonymous No.23868655]

>>23868626
Order it through a trusted supplier, should be some in the OP.

[Anonymous No.23868763]

Found this tasty little NAK tidbit in /SMG/ just now. Basically, ram it through before Pedo Joe can take office (assuming Don Jr. doesn't run into the ring with a foldout chair to save his dad in WrestleMania).

[Anonymous No.23868796]

>>23868165
based Krugs

[Anonymous No.23868846]

>>23868655
based. thanks

[Anonymous No.23868865]

>>23868763
I'm not touching Pebble ever. So many people have been sunk by that project when there are so many other opportunities out there.

[Anonymous No.23868909]

>>23868846
Are you American or European?

[Anonymous No.23868911]

Couldn't help myself and bought shares of Mountain boy at market close. GV bought some too and insiders have been buying as well.

https://twitter.com/TheLastDegree/status/1326617757098643457

[Anonymous No.23868943]

https://www.youtube.com/watch?v=RFNpoIS8jBA&feature=emb_title&ab_channel=GoldSilver%28w%2FMikeMaloney%29

Mike Maloney and Jeff Clark just went live.

[Anonymous No.23868978]

>>23868763
When it comes to environmental impact statements and all of the nuances therein, the fight usually comes down to lawyers and courts, and whether the environmentalist groups have stronger hands than the project proponents or vice versa. In your screencap, you can see that the legal arguments will come down to technicalities and untested legal theories. Whoever is president probably isn't going to decide this one, regardless.

[Anonymous No.23869004]

>>23868909
American. Why?

[PAN MAN No.23869007]

>>23868865
As bias towards mining as I am, I actually dont think this mine will ever make it. There are so many legal challenges to it, environmentally speaking its dangerous to one of the last untainted salmon runs in the world, and costs could spiral out of control during construction. It doesnt help either that the company behind it keeps trying to plan way off in advance for pit expansions without even getting a shovel in the ground.

[Anonymous No.23869020]

>>23869004
If you were from here (England) I would have told you how to get silver without getting Jewed. Not an issue for Americans though.

[Anonymous No.23869055]

>>23860317
babystacker report in
If Crypto pumps again soon I will buy more

[Anonymous No.23869116]

>>23869007
Yea I'm 95% pro mining but this is one of the places in the world where I think we should lay off.
I don't want to sound like a tree hugger but this is a beautiful and isolated area at the edge of the world with untouched salmon runs. The pictures just look stunning to me. To put an open pit mine here just doesn't sit right to me. Plus, they;re on an earthquake zone so who knows what may happen if they put a mine there.

Reminds me of that movie Avatar.

[Anonymous No.23869124]

>>23869055
25 ounces that's not a bad start. baby steps fren.

[PAN MAN No.23869233]

>>23869116
my concern would be the mine ending up mothballed half way through its operating life due to lower grade ore deeper down in the pit, resulting in less value per tonne. If copper / moly prices dropped and the mine was mothballed, issues could start to appear in water management or maintenance. Your right about earthquakes too, a tailings dam there would need to be engineered to withstand some serious movement, if a tailings dam breached there it would be game over.

[Anonymous No.23869241]

>>23869116
In the end, it'd be a disgrace to disfigure that for some shekels.

[Anonymous No.23869253]

I bought a Silver maple for 43 CAD. I feel very dumb right now.

[Anonymous No.23869285]

>>23869253
i bought 25 for almost 40. i havnt taken them out of the mint tube. i really like them i dont care about the 20% mark up. i was so tempted to buy a whole 500 coin monster box just so i could have a hoard of beautiful 2020 coins

[Anonymous No.23869327]

>>23865722

Keep it up anon! Asanagi is always a big win!

[PAN MAN No.23869345]

>>23869241
i mean we have put mines in more idyllic locations but today even corporate mining has to deal with social optics of their projects. If a majority of a region says nope sorry we dont want that there, the company in question has to listen to them. Its partially why BGM in Wells BC has been having so many issues.

[Anonymous No.23869441]

>>23865540
Based anon!

[Anonymous No.23869450]

>>23869285

Holy crap thats one hell of a purchase. I'll give you a big thumbs up for buying so much, but man that's is some serious money dumping.

[Anonymous No.23869488]

>>23865540
Why is there so much demand for these coins?

[Anonymous No.23869548]

>>23869345
I think it can also be explained in economic terms.

As development expands and depletes our stock of natural, unmodified landscapes, the remaining landscapes become more valuable because of their scarcity. Concomitantly, the value of the Pebble project's watersheds increase because another natural resource, salmon runs, depend on them. This kind of thing should have been priced in long ago but possession of these things hasn't really made sense so far. However, in the US at least, national parks have been breaking attendance records with each year and those visits create something like a share of interest in the parks/landscapes.

You can see this in advertising strategies over the last decade and especially in 2020. Pay attention to how frequently images of natural landscapes are used to sell products.

[Anonymous No.23869551]

>>23869285
we all been there anon, dont worry too much about it, my DCA is like 31$ cad right now and it was 24 before the last few months of regular purchases were added on.

[Anonymous No.23869568]

>>23869488
very VERY little supply

Big demand for libertitties

I know i pre oredered one, probably should have done more then one but whatever, its jus fort me, I dontg need to flip them

[Anonymous No.23869607]

>>23869568
>libertitties
kek. I won't be getting them this side of the Atlantic any time soon, premiums would be ludicrous. That said I've never cared for coins with foreign writing on them. I don't know why. Even Canadian coins put me off for the same reason.

[Anonymous No.23869637]

>>23869568
If anything carried over from my TCG days, it's always get 2. One for yourself, and one to sell.

[Anonymous No.23869649]

>>23869488
BOOBA

[Anonymous No.23869703]

What are your guys thoughts on gold etfs?

I'm the guy with the trust fund that wants to move it out of stocks and im having to convince the estate manager along with a financial advisor.

Financial advisor recommended i could put 15% into physical gold and then go into some gold etfs. I told him i like the sprott ones. Any good gold etfs?

[Anonymous No.23869775]

>>23864697
I started out big on BTC but research the history and you start to understand:
satoshi https://www.youtube.com/watch?v=XfcvX0P1b5g
mike and gavin blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=bc2e52d85b0b
blockstream developers
removal of op codes
refusal to increase arbitrary block limit
segwit
bch
bsv

Normies will pile into anything if it gets shilled hard enough, and just like any ponzi it serves the interests of those who got in early to shill as hard as possible to make their own investments worth more. Paypal accepts it because enough people use it, but that doesn't make it inherently valuable. A scarce pile of shit is still shit.

[Anonymous No.23869893]

Is this the time to load up on GDX?
I have my physical already

[Anonymous No.23869900]

>>23869116
what a gorgeous place

[Anonymous No.23869918]

>>23868796
forgot Krug pic

[Anonymous No.23870001]

>>23869703
Gold etfs anybody?

[Anonymous No.23870053]

>>23869918
I love Krugerrands, I've got silver ones as well. I thought they'd be boring with the relative lack of detail but it really helps them shine.

[Anonymous No.23870061]

>>23870001
just mentioned above your post lol, GDX for miners.
WisdomTree or invesco for gold ET((N))

[Anonymous No.23870254]

>>23869703
Make sure their gold is allocated, not unallocated. Allocated means they have to have physical bullion in a safe somewhere. Unallocated is a claim on future gold production, but technically 5, 10, 20 etc people can have a claim on that same gold.

[Anonymous No.23870399]

>>23870254
>5, 10, 20 etc people can have a claim on that same gold.
It's blatant Hebrew scamming really. Absolutely nonsensical.

[Anonymous No.23870485]

>>23870053
I wish my Krug didn't have this residue on the back, I don't think I can get it off without damaging the coin.

[Anonymous No.23870512]

>>23870399
ETF’s in general are a Hebrew scam, physical is the only option

[Anonymous No.23870557]

These are listed for $23 each. How fake do they look? Should I take the time to go there and weigh them? It's like a 50 minute drive

[Anonymous No.23870613]

>>23870557
What years are they?

[Anonymous No.23870645]

>>23870613
All 1921

[Anonymous No.23870721]

>>23870645
1921 is the most common year and least likely to be faked of any Morgan. Still, I think you should ping and weigh the coins before you buy them just to be safe.

[Anonymous No.23871057]

>>23865778
I will only stack if it is fun, and its only fun for me if I buy meme coins

[Anonymous No.23871639]

>>23870557
they look legit

[Anonymous No.23871712]

>>23870512
I think ETFs can serve a good purpose but you have to be very careful and check all their previous audits to make sure things are as they claim they are. Does the fund hold the gold? Where is it held? Is it ever leased? What fees are required if you wish to claim your stake?

[Anonymous No.23871794]

There's a lot of pink wojacks in /biz/ today, anyone got any idea why?

[Anonymous No.23871840]

>>23871794
maybe because we've been on edge all year and we're virtually on the cusp of civil war every day while our economy is being raped and murdered in front of us

[Anonymous No.23871852]

>>23871794
The cryptofags over extended, and they are suffering 2-5% drop in prices.

[Anonymous No.23871892]

>>23867317
It’s not just held, it’s restricted. It stays in an account at the Fed that the institution has no access to. It just counts towards reserves. QE and all the other asset purchase programs are just ways of creating bank reserves. That’s all the Fed can do without Congressional Budget deficits. Bank reserves are useless in an environment where credit is contracting, like now. Banks have tightened lending standards and tens of millions are out of work depressing lending demand. From both directions, it’s contracting and that’s deflationary. QE is just creating meaningless reserves that aren’t doing anything.

[Anonymous No.23871900]

>>23867155
>Brent Johnson

Big yikes dude. Nice stack but Brent is out of his league talking macro

[Anonymous No.23871912]

>>23871794
lol just checked and BTC is at like $15.6k lol. Down from $15.9k I guess earlier. The fuck is wrong with these kids?

[Anonymous No.23871981]

>>23871912
what the hell mat, delete this, /pmg/ is a comfy thread

[Anonymous No.23872081]

[Anonymous No.23872178]

The JewTube is down
Im literally freaking out right now!

[Anonymous No.23872253]

>>23871900
I don’t subscribe to dollar milkshake, but he’s a smart guy for monetary discussions.

[Anonymous No.23872265]

Addressing deflationary anons - doesn't deflation totally collapse the financial system? It makes the debt, which we have never had more of, increasingly more expensive to pay and it discourages consumerism

So debt and consumerism, the two bedrocks of the entire international economy, are going to get shattered into pieces.

The central banks surely know this and will(and have been) doing everything in their power to prevent this? i.e money printing.

Is your argument that they haven't printed enough to stop deflation? Won't they just immediately ramp up the printing presses as soon as shit hits the fan?

Appreciated. Trying to learn and protect myself.

[Anonymous No.23872277]

>>23871900
I don’t subscribe to dollar milkshake, but he’s a smart guy for monetary discussions. Regardless, Jeff and Emil’s Eurodollar University series is about the best thing on YouTube.

[Anonymous No.23872292]

>>23871912
I don’t know what I’m looking at here

[Anonymous No.23872363]

>>23872292
a thing that should not be looked upon by human eyes.
say goodbye to your soul

[Anonymous No.23872392]

>>23872265
Yes. It would crash the US debt system so fucking hard it would be like a physical manifestation of the wrath of God himself.

[Anonymous No.23872416]

>>23860317
What's the lowest fractional size of gold you would buy? I've heard answers from buying below 1/10th is stupid up to buying below 1/2nd of an ounce is stupid. I'm thinking of picking up a quarter ounce if the gold/silver ratio dumps any more but I want to know if I should save up and get a half ounce or really save and just buy a full ounce.

[Anonymous No.23872433]

>>23872416
It depends upon how poor you are anon. Some can only afford the meme gold like scottsdale 1/100 oz of gold.

[Anonymous No.23872457]

>>23872416
>What's the lowest fractional size of gold you would buy?
If I see a good dip and I don't have the funds for a full oz, a .5oz is my limit.

[Anonymous No.23872462]

>>23872277
Emil is a little too flowery. Jeff rocks

[Anonymous No.23872465]

>>23872416
Anything below 1/10 oz has stupidly high premiums, and I personally wouldn’t go below 1/4 oz. Gold sovereigns and 20 francs are very good options for fractional gold, much less of a premium than 1/4oz bullion coins

[Anonymous No.23872471]

>>23872433
That seems like its verging on a scam when you can get 10x more like $50 less, and thats coming from a brokefag, me

[Anonymous No.23872545]

>>23860317
Does anyone know where I’d be able to purchase a gold 20 mark? Every dealer is out of stock and I’m not going to buy gold on eBay

[Anonymous No.23872556]

How do you guys feel about royalty companies like Metalla?

[Anonymous No.23872594]

>>23872416
There's no limit personally, ya just gotta look at the premium and compare. if 1/10 has the same % premium as a 1/2, then get the 1/10

[Anonymous No.23872623]

>>23864937
Damn good. Even on generics, my LCS is usually spot + $3, and ASEs are usually +$4 on top of THAT.

[Anonymous No.23872647]

>>23872265

I don't get the "deflationary" or "it's not money printing" arguments myself. They strike me as willfully obtuse.

QE deputizes banks to print the money which bids up assets through a million different channels. "Not printing" my ass.

When QE reaches the limits of its ability to do this as people get nervous about the state of the market, we'll see a correction sure. I think it's imminent, personally.

Others talk about a bond market collapse, yields spiking, etc. This is all well and good, and you might get a buying opportunity...

...or you might not. Because every motherfucker in the world knows what comes next. YCC and direct money printing in the form of UBI. The feds will save those Boomer pensions so fast your head will spin. If there's any commodities plunge it might be literally measured in hours or minutes.

[Anonymous No.23872677]

>>23872623
Boi, mine sets $4 over spot for generics, and $8 over spot for the silver coin.

[Anonymous No.23872721]

>>23872545
https://www.goldeneaglecoin.com/item/german-20-mark-gold-coin

[Anonymous No.23872764]

>>23872721
I’ve never bought from them, are they legit?

[Anonymous No.23872800]

>>23872764
I've bought from them in person many times and they seem okay. The only time they pissed me off was the last time I was there. You need a fucking appointment to get through the door now.

[Anonymous No.23872891]

>>23872800
Lol was it you that left that Google review saying that?

[Anonymous No.23872909]

>>23872178
Bitchute is still up, here's a couple good PM-related channels there:
https://www.bitchute.com/channel/gMCq5CxibGz9
https://www.bitchute.com/channel/7Uye0wCNRbAt/

[Anonymous No.23872913]

>>23872891
Not me.

[Anonymous No.23872988]

>>23872913
Ah, well I noticed they have a giant inventory of foreign silver coins which is what I like to have fun with when I stack. I assume they’ve never sent you fake gold or silver?

[Anonymous No.23873009]

>>23872988
No but I always went in the front door and bought directly.

[Anonymous No.23873077]

>>23872265
The problem is that right now at this moment, the only real "printing press" activity the Fed can do is monetize Congressional budget deficits. If Congress doesn't authorize the spending, the Fed can't "print" it. All the "money printing" that people talk about with QE is not actually money printing. It's creating bank reserves.

Think of it this way: if I start counterfeiting dollar at my house, but instead of spending them, I stuff them all under my mattress, is that inflationary? If the money never gets into the real economy, was it ever really printed? Bank reserves are not money. All the proceeds from asset sales to the Fed in QE or another program go into restricted accounts at the Fed and the bank CAN'T spend it. It only counts toward their reserve requirements. Therefore, it's not inflationary.

In order to get the "printer go brrr" that everyone in pmg is expecting, we are going to need to see Congress authorize BIG stimulus spending. Either that or authorize the Treasury to guarantee loans in order to get banks to loosen lending standards. Both of these are difficult politically unless we have REAL pain. Do you think Congress will pass UBI in January? It would take something like that due to the massive deflationary pressures we are facing. I do think that eventually Congress will do it. It's sort of inevitable at this point. But it's not happening now and it will take more pain coming in order for them to be able to politically justify it. It's not automatic and it requires Congress...the Fed cannot do it unless they change the Federal Reserve Act to let them directly monetize the liabilities on their balance sheet.

This is a good discussion that touches broadly on the topics.

https://youtu.be/14I1BdncYVo

Both are very smart guys, but Jeff Snider is on another level from anyone else with regard to the monetary system.

PMs are good long term, but don't be shocked if they go down. Be VERY careful playing with paper, especially leveraged.

[Anonymous No.23873153]

>>23873077
I think you're right anon, the reality is that everyone is expecting congress to authorize big spending. Whether that can actually happen with a Republican senate is an interesting question. I think we will eventually see the Fed and the Treasury merged, Jefferson and Jackson rolling in their graves regardless.

At the same time, the USA isn't the entire world, and while USD may not be filtering out yet, most other central banks are feeding their economies a lot of money at virtually 0% interest. You may not see a lot of inflation yet, but imported goods are likely going to increase in price.

[Anonymous No.23873198]

>>23872647
The only assets getting bid up are the bonds the Fed is buying. The other asset bidding that happens is a side effect of driving rates down. It pushes speculative money into riskier and riskier assets seeking a return. That's what you can thank for this bull market. It's not Fed money bidding stocks higher. It's money that would have been in safer investments now being forced into stocks.

The primary dealers using the warehouse accounting don't get to keep that money. It's a shell game in Fed accounts. They don't get to keep that cash. They get to keep some of the profit for performing the warehouse role, but it's not them printing money and keeping it. It gets "destroyed". It's just an accounting trick so that primary dealers don't have to tie up their own funds to basically serve the Fed.

I would say we historic shorts in the Treasury market and those poor sods are going to get absolutely fucked.

Yes, UBI or something on its level is what it would take to overcome the deflationary forces we have. Sure, it's coming. But it's not here yet and it's going to take more pain to make it politically palatable.

You should watch this. Very good overview.

https://youtu.be/14I1BdncYVo

[Anonymous No.23873223]

>>23873153
>I think we will eventually see the Fed and the Treasury merged
This is what the MMT folks want. If we get this and MMT becomes the policy, then yes....we will see inflation like we have not seen in generations.

[Anonymous No.23873411]

>>23872277
Checking it out now, thanks

[Anonymous No.23873597]

>>23873198

As I said:

>QE deputizes banks to print the money which bids up assets through a million different channels.

Yes, deputized money-printing. And it's not just existing capital squeezed out of bonds and going to stocks, it's cheaply acquired debt (ie, newly printed by banks) also going into stocks because line always go up, well beyond interest payments.

Money supply rises inexorably. It bids up bonds, stocks, real estate. Everything.

I agree there might be hiccups with that process. I just think anyone betting on a prolonged yield spike or contraction of the money supply in the event of bad debts are kidding themselves.

The Feds are not playing around with this. They will not blink on yields. Debt forgiveness will come. Those imaginary numbers will become real money with real velocity.

[Anonymous No.23873682]

>Aurcana down
Finally I can buy back in

[Anonymous No.23873741]

>>23866895
what makes you think it will moon tomorrow?

[Anonymous No.23873854]

>>23872462
Emil's grown on me. He adds a bit of balance to Jeff's unrefined qualities. I feel like Emil carries himself in the way that we would imagine someone would behave if they were as intelligent and as well-read as Jeff is. In a sense, together, they form two halves of the same stereotypical gentleman scholar.

[Anonymous No.23873873]

>>23872462
Emil's grown on me. He adds a bit of balance to Jeff's unrefined qualities. I feel like Emil carries himself in the way that we would imagine someone would behave if they were as intelligent and as well-read as Jeff is. In a sense, together, they form two halves of the same stereotypical 19th century gentleman scholar.

[Anonymous No.23873916]

>>23861416
I bought more GDX today

[Anonymous No.23873920]

if i own 0 metals should i start with gold or silver?

[Anonymous No.23873971]

>>23868517
>Do they just let whomever present a thesis?
Basically, which is fair I guess. At least they aren't super biased like 99% of media.

[Anonymous No.23873979]

>>23873920
or miners if you're poor and want to make it big

[Anonymous No.23873994]

>>23867019
Dude I bought in at $24 in June... Fuck I wish I bought more, I only have about 25 shares but I was super broke then. Oh well. I'll still probably make decent money with it.

[Anonymous No.23874001]

>>23873979
Get physical first baka

[Anonymous No.23874017]

>>23873077
Thanks for your reply. I assumed money was being literally printed and somehow pumped directly into stocks and real estate etc.

So, if I'm understanding correctly, this capital flight into equities and real estate is a result of bonds and other safe havens being made artificially unattractive by the FED? Therefore EXISTING money is fleeing into more speculative assets? It's not NEW money pumping the system.

I suppose the 'stimulus' we had was literal inflation though.

[Anonymous No.23874036]

I'm pretty young, 19, if I wanted to get into the mining industry where should I start? Is there a certain trade I should learn? Or is it shitty work? Need help.

[Anonymous No.23874053]

>>23874017
But hang on a second this is inflationary isn't it, because the FED is buying bonds with money it creates? Therefore increasing the money supply

[Anonymous No.23874076]

>>23874017
some of it is being pumped into stocks via blackrock and other companies, but a lot of it is just creating 'money' that banks can loan if the demand arises. You're largely correct on the rest.

[Anonymous No.23874164]

>>23874053
The thing is they are buying the bonds with bank reserves. It's an asset swap. Bonds for bank reserves. They aren't paying with cash, but rather, with bank reserves. So that money doesn't get out into the general economy.

[Anonymous No.23874166]

>>23871900
This is embarrassing. Brent's one of the top top guys. They may disagree with one another, but none would ever say Brent is out of his league. If you want to find out of his league in Macro you can look to Peter Schiff.

[Anonymous No.23874197]

>>23874036
geology major prolly, i don't know though, look for Pan Man in these threads.

[Anonymous No.23874305]

>>23874017
This is a way to think of the inflation vs deflation. Think of the money supply as water in a bucket. Think of the inflationary forces as water pouring into the bucket. Now imagine the bucket has holes in it. The water flowing out of the bucket's holes are the deflationary forces.

Pouring water into the bucket is inflationary, but if more water is leaking out of the bucket than is being poured into it, then it's net deflationary and the water level drops. In order for the water level to rise, you'd need to pour more water into the bucket than is leaking out. That's what we need to see. We have bigger deflationary pressures than we have seen in a long time and these were only temporarily stalled with the first round of stimulus. It ran out. You'd need to see something bigger and more sustained to overcome the deflationary forces to actually create inflation. It's a tough political sell, especially if Republicans keep the Senate. So that's why I think it's more likely that we will need to feel the pain in order for Congress to act with sufficient force.

>>23873597
I disagree regarding the specifics of the asset purchases. I do agree that we will see action, but I simply disagree that the Fed can do it on its own. It can't and this is why Powell has been adamantly begging Congress to act. The Fed is pushing a string. It simply can't do what people think it can and it has been trying to convince people it can. We will see big stimulus and debt forgiveness and these kinds of measures, but Congress has to do it. The Fed may not be playing around, but it might as well be, because it has no power to do anything except beg Congress to do it. In the long run, yeah, it's likely to happen.

[Anonymous No.23874307]

>>23872265

A debt deflationary depression would crush us utterly, and it's what the FED has been running from for over a decade. Unfortunately, for the time being, the printed money is held in bank reserves at the FED that may be only used as collateral to lend money into existence from the banks, who have been tightening lending standards and lending less.

I think when deflation really kicks in, they'll use FedCoin and change the rules around to finally allow themselves to do real money printing. Then, inflation really comes.

This follows a common theme among most hyperinflationary periods like that of Weimar Germany - First come deflation, then hyperinflation.

>>23873873
kek haven't thought of it this way. Emil always seems a little pompous to me but you're right it balances out Jeff's qualities.

>>23874036
Pan Man has said if you want to be a geo, start getting out there in the bushes and on long hikes; experience nature and it's ugly sides and endure it. Apparently the new generation are a bunch of pussies.

[PAN MAN No.23874373]

>>23874036
what do you want to do in the mining sector? Are you good in the bush, away from people for long periods of time in crap conditions? Are you an engineer or machinist / mechanically inclined? There are hundreds of different positions all over the industry. If your able bodied and live in Canada, I suggest you apply for Hytech Drilling or a similar contractor and see where that gets you. Best way to work into this industry is by getting your hands dirty. The universities can only teach so much, you will learn more on the ground than anything you can get in a class room.

[PAN MAN No.23874389]

>>23874307
yes the last few years worth of geologist grad students and apprentices have been utterly useless in the bush. There just not used to being isolated for weeks on end in shit conditions.

[Anonymous No.23874433]

>>23874305

We can also look at the bond market for clues, and the 10 year just screams we're going into deflation. Bond market is straight up hard math unlike the stock market, and has misled us a only handful of times in decades. Just look at that 30 year channel we're in.

[Anonymous No.23874471]

>>23874433

Forgot pic

[Anonymous No.23874474]

>>23874307
This sort of happened in a limited way between 1929 - 1945. The depression, which was deflationary, resulted in debt getting so expensive that it crushed plenty of businesses. The value of the dollar increased during that time, and gold was being confiscated.

Once we got to WW2, the Fed was engaging in yield curve control. Inflation in the US ran anywhere between 10-20% during the war, which is why food was extremely expensive and people were growing food in their backyard.

I imagine we're about to enter the depression phase, which lasts a long time. These trends are very slow. Gold is a nice asset to own before a deflation because even if it's value does decrease there is no counterparty risk (such as getting your deposits bailed in when banks are not willing to let you access your deposits). The best thing to own however, is US treasury bills, because the Government is stuck with the debt and they cannot default (unless they change the Constitution).

[Anonymous No.23874494]

>>23874166
I’m a gold bug and appreciate Schiff for promoting sound money, but he’s retarded when it comes to macro.

[Anonymous No.23874533]

Yield curve control is a way to officially lie about inflation. The Fed puts a cap on interest rates, but the real rate of inflation runs higher than the nominal interest rate even though the market is a net seller of treasuries.

When the market sells off bonds, the Fed buys them. This is how the US debt shrinks (and it did so at the end of WW2). This is the complete reverse of the Volcker shock of 1981-1982.

Inflation was at 10-20% despite the fact that a single dollar was priced at $35/oz gold between 1932-1971 (the gold window) but even then inflation was purely a monetary phenomenon.

[Anonymous No.23874559]

Think of the US debt as an account balance. When you sell a US treasury and the Fed (a private bank yet also a government institution) buys them, they are "paying back" the debt.

The government pays back the debt when a war, or pandemic is over or some sort of huge crisis is resolved. This is why markets do poorly when a war or pandemic ends.

[Anonymous No.23874590]

>>23874036
What country you in?

[Anonymous No.23874612]

>>23874494
how so?
Macro is mostly bullshit anyway.

[Anonymous No.23874627]

>>23874474
I honestly don't think they can let deflation happen with the debt the US holds. It's on a scale of insanity. It would destroy the dollar as a world reserve currency. The country would break down even worse than the collapse of the USSR.

[Anonymous No.23874630]

>>23871892
>QE is just creating meaningless reserves that aren’t doing anything.
then why is gold going up?

[Anonymous No.23874642]

>>23874494
I wouldn't call Schiff bad at macro. He called the '07 crisis plenty of times, and he's doing it again.

Although this time the crash is different. Not only will stocks crash, the government will be unable to bail out anyone this time, and the Dodd-Frank provision on bank bail-ins will fuck over all wagies.

[Anonymous No.23874656]

>>23874307
>First come deflation, then hyperinflation.
Peter Schiff says there will be asset deflation first(stocks, housing) and then inflation of everything else.

[Anonymous No.23874666]

>>23874642
>and the Dodd-Frank provision on bank bail-ins will fuck over all wagies.
explain

[Anonymous No.23874686]

>tfw too dumb for economics

[Anonymous No.23874701]

>>23874686

[Anonymous No.23874703]

>>23874627
The Pound Sterling (the last reserve currency) survived the Great Depression, but it eventually collapsed after WW2 with Breton Woods (15 years after the downturn). Back then the United States was the rising power.

I am pretty sure the dollar reserve currency status will survive after an economic depression. I think the next depression will start in another country first. I'm thinking it will start in China (the current rising power) and then economies that are linked with them will get sucked in as well given that their debt pile is much worse than ours.

[Anonymous No.23874800]

>>23874666
After 2008, they passed Dodd-Frank. This time the Government cannot legally bail out banks. Derivative claims are senior to bank deposits, so if the other side of the derivative exercises those options (another bank possibly), the owner of the option gets first dibs on collateral.

What I don't understand is how FDIC plays into this scenario. Technically it's a taxpayer funded option, so they will have to cover depositors up to the $250K limit. But I'm not sure of the seniority of FDIC. If lenders do not lend money to the government, FDIC would be unable to shore up enough capital to pay off depositors. So what would the US do? Reach out to the IMF for a loan (they are the lender of last resort)? Keep in mind that the UK had to borrow from the IMF that one time.

https://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp

[Anonymous No.23874806]

>>23874433
Got any good resources/reading on interpreting bonds?
>>23874642
macro is generally bullshit because it ignores the knowledge problem, and assumes government has the tools to fix the problems it causes by intervening.

[Anonymous No.23874815]

i need more gold. if it does moon i dont think i could bring myself to part with it. think about if gold goes to 10k i wont be able to get as much gold.

[Anonymous No.23874820]

>>23874703
I don't know anon. I don't believe things will play out the same way. The global economic factors are different than before. Like, the fact that no country has a gold standard this time, among other things.

[Anonymous No.23874865]

Is this shit going to drop another 10%?

Aurcana.

[Anonymous No.23874869]

>>23874630
We had negative real rates and gold is a tier 1 asset now. And yes, people are repositioning for the same thesis that we are all anticipating will eventually come.

[Anonymous No.23874884]

>>23866233
all the money out there is tied to a debt of some kind, the inflation effect from debt printing is a from an expanding rolling loan. If we don't get stimulus and new debts it gets deflationary FAST

[Anonymous No.23874889]

>>23872265
The cringe “I need to buy precious metals while they’re cheap to beat inflation”! coward
>>23874815
The big dick “I need to buy more shiny rocks before they cost too much.” chad

[Anonymous No.23874936]

>>23874820
Gold in the 1930s is US dollars in 2020 (?). This time there are not enough US dollars.

When there is not enough fiat (US dollars), and no one wants to lend that fiat into existence, the same deflationary spiral happens. China needs dollars to maintain growth, and if the US does not give them those dollars in exchange for goods, we're all in a world of hurt. They will end up having to sell their gold to pay their debts (which lowers the price of gold).

That might explain the weird shit going down in DC. One side of the swamp knows about this massive debt pile and they would rather keep the system intact, and the other side of the swamp is pissed that the Chinese won't take accountability for their actions in fucking up the world in the first place.

[Anonymous No.23874939]

>>23874865
Is this considered cheapies territory for Aurcana? Should I buy in?

[Anonymous No.23874970]

>>23874936
accurate

[Anonymous No.23874984]

>>23874939
Not yet, it's going to fall more I believe.

[Anonymous No.23875059]

>>23874305

We're largely in agreement, I'm just commenting on the fact that it will be fast. Congress will move fast on stimulus. And the Fed will move fast to smack down yields, even faster than March where it took about 10 days to spike them back down. More importantly I'm saying: Everybody in the world now realizes this.

My beef is with predictions by these guys like Van Metre that the markets will be stupid enough to not see this coming, and will foolishly put their gold and gold miners on sale during a yield spike and or big stock dip, as though massive intervention would not clearly be coming. His calls on ~1300 gold I find irritatingly contrarian for the sake of sensationalism, and frankly irresponsible to forecast to people.

Look at march as a case-study, as I'm sure everybody on wall street now has:

3/09: Market realizes yields are going up, gold starts to dip.
3/16: Market realizes the fed is gonna step in, gold stops dipping.
3/20: Market realizes the fed has got yields heading down again, gold instantly pops back up.

This whole sequence of events is predictable, so why should a yield spike crush gold if it won't be allowed to continue more than a week? We literally just saw this same movie play out, everybody knows the ending. It's a self-defeating prophesy.

People will be better positioned so they don't have to sell off gold for margin calls. People will snap up gold aggressively knowing what's coming. People are stacking cash waiting for this. Van Metre's in for a hell of a surprise when his predictions on bonds comes true and gold does the opposite of what he expects. As is anyone who follows his advice.

[Anonymous No.23875085]

>>23874389
Sounds like my idea of heaven. What are the chances of a civil engineer with varied trade and military experience getting into that kind of work?

[Anonymous No.23875092]

I tried to sell junk silver on facebook but they don't let you "sell currency"

[Anonymous No.23875109]

>>23874936
>They will end up having to sell their gold to pay their debts (which lowers the price of gold).
That doesn't make sense though. You're skipping a step here. The chinese own the most US debt. If the US is unable to pay it, then they essentially default. Thus, the credibility of the dollar is effectively destroyed. Holding US debt would go from an asset, to a liability. From that, the dollar losses value, and countries will be forced to dump it.

[Anonymous No.23875113]

>>23870061
>>23870254
Thanks guys.

Whats the benefit of these vs physical? Vs stocks?

[PAN MAN No.23875174]

>>23875085
O very high, you will do well in the field than I am sure. Depending on where you are and what you really want to do, check out the different geo technical / heavy engineering contractors that service the mining sector. If your not bothered by camp / field work than go for the geo technical side of things, if your more interested in office work look at the engineering / contractor side.

[Anonymous No.23875191]

>>23875092
You could try offering to buy paper money with Silver coins. That might be sufficient to skirt the rules.

[Anonymous No.23875194]

>>23874884
Like Brent Johnson says, it's a machine that only goes forward, and breaks on reverse.

>>23875059
Van Metre's 1300 gold call is retarded, as 1700 is a HUGE buy zone and people would pile in like no tomorrow; maybe the super dumb money would sell but even midwit money would back up the truck.

[Anonymous No.23875198]

>>23875059
1300 gold is contrarian, but entirely possible if central banks are forced to dump their gold for dollars (which I see as the credible threat). Note that all the central banks hoarding gold are geopolitically antagonistic to the US.

A deflationary crisis can cause bank failures, so owning gold can be seen as safer than having bank deposits in this specific case.

[Anonymous No.23875218]

>>23874036
Where do you live?

[Anonymous No.23875267]

>>23875059
I think even van Metre is a gold bull long term, but I could be wrong. Even Brent Johnson is a gold bull long term and thinks gold will be the last man standing. A lot of the arguments have to do with the short term and the specific sequence of events.

I actually don't play anything but long term with my PMs. I hold physical and I stack and I recommend everyone else do the same. However, where I get put at odds with pmg is when it comes to people thinking PMs will moon right around the corner and people get disillusioned when prices go down, because they've been fed the Schiff et al line about QE being money printing and things like that. The end case of the thesis may be the same, but the PM sphere is full of bad understandings of the actual plumbing and mechanisms. So people make stupid bets like buying PMs on credit. I also think miners will be a very rocky road through this and anyone playing with paper on leverage is asking for trouble. I just try to temper expectations to be more in line with reality.

I am playing van Metre's bond play though. But I also have my PM stack and continue to add to it. Whatever profit I take as well as the dry powder I have, is for non-PM commodities related plays as I think commodities will be the next "it" place for money in the eventual inflationary environment we will likely get.

[Anonymous No.23875268]

Note how in this picture, the purchasing power of the dollar increases in some periods, particularly the depression of 1929-1931. Typically, inflation is the rule but deflation is the exception. The last time we had interest rates this low was right before the Great Depression (in fact it is much lower now than it was during that period).

[Anonymous No.23875317]

>>23875267
What kind of commodities do you play?

[Anonymous No.23875385]

>>23875109
Most US debt is owned by US banks, I think a sell off would result in a momentary spike in interest rates, but the Indians may step in and buy that debt instead.

[Anonymous No.23875407]

>>23875113
>vs physical
more liquid, easier to trade, don't have to store/insure yourself. Main downside is if you don't physically have it you don't own it, so if some shit goes down, you may never get your gold.
>vs stocks
the typical explanation of why PMs vs stocks. PMs are a hedge against monetary inflation to protect your wealth. Stocks are a speculative investment in the value of a company. They serve different purposes

[Anonymous No.23875408]

>>23875109
I thought the majority of US debt is held by domestic entities, not China

[Anonymous No.23875423]

>>23874686
I have a fantastic grug post written up for you but I'm gonna save it for the new thread considering we're at bump limit, but you'll like it.

[Anonymous No.23875427]

>>23875423
post it now or I will be angry

grr

[Anonymous No.23875533]

>>23875267
Well said. The end of the road is gold and real assets. The path there is winding.

[Anonymous No.23875573]

>>23875423
pls make it funny

[Anonymous No.23875572]

I'll bake

[Anonymous No.23875602]

>>23875573
it should be relatively funny but the aim is for it to be informative for non-economically minded anons too, as well as helping people understand why we stack.

[Anonymous No.23875610]

>>23875407
The most important feature of physical gold is that it has zero counter party risk. Everything else is a liability. Stocks are liabilities, bonds are liabilities, and a bank deposit is a liability.

Sometimes, the nominal value of paper cash is different from its electronic form, such as in countries like Argentina where a paper US dollar is worth more than a bank deposit US dollar.

[Anonymous No.23875619]

>>23875572

NEW THREAD

>>23875611
>>23875611
>>23875611