/biz/ - Business & Finance

>>30441716
>then belittle those who can get their 9999 bars from processed scrap at below spot.

I haven't noticed that here, must be my white metal privilege

>>29489391
>(((eGay)))* why do anons buy on there and not reddit lmao

Because if you're actually intelligent you can stack your weight in silver for way less than spot. I get twice as much Silver per dollar than the midwits on reddit sell it for.

>>27602247
When prices are low and supplies plentiful you stack well recognized bullion coins, but in times like this you want to be creative and look for good deals.

Check Goodwill/salvation army type shops and antique malls for underpriced Sterling Silver items which you can either keep or send in for refining and get ingots/bars returned. Last summer I found a silver platter worth ~$800 spot for 4 bucks, stuff like that crushes your DCA in a very good way.

>>27603301
>Are you guys MGTOWs?
WTF hell no, we're patriarchal gigachads about to be swimming in FWTDHWATQUDs.

>>27395888
Decent chance that bit of shiny will be the only part of those paychecks which survives the Great Reset intact. Do it now or be ready to invest in kneepads later.

>>27241057
>>27241302

Thanks bros, I've tried warning anyone who'll listen and have given away 20oz to different poorfag friends to hopefully be the seeds of future stacks, but it's feeling like time is already almost up. Should be an exciting year.

The coronavirus meme bars were made by Envela and we're created specifically for sale through eBay as some charity fundraiser scheme, so searching there will at least turn up bars being resold (I think the primary retailers are out of stock right now).

>>27168010
>but is it too risky to buy if the mark is not visible?

Yes, avoid anything without an image of the "STERLING" or "925" stamps or appropriate hallmarks indicating fineness of the alloy because many sellers are retards and think nonprecious or plated items are silver. You want to find the freshly listed Buy it Now items listed by the kind of retard who doesn't recognize the melt value of what they have. Good deals get gobbled up within minutes so to have a chance at the best deals you must search "sterling" in the "Antiques" category (no further subcategory refinement necessary), Buy-it-Now items only and sorted most recently listed first. Then you periodically refresh the search looking for legit vintage/antique sterling stuff with a stated weight and price+shipping+tax enough below spot to be worth it. You need to think fast because people like me with hands-on experience can just look at a picture or 2 and calculate everything and then buy within seconds.

My personal price limit was $0.50/gram of sterling so I could get ingots of refined pure silver returned from my refinery at a total cost below $20/ozt (my informal limit after enjoying cheapies in the spring), but the competition is fierce right now so you may want to be willing to spend a bit more. The high-class sterling I keep in the viking treasure hoard or use and decorate with to flex on plebs. If you luck upon lovely antique pieces priced below spot I guarantee that they will provide beauty and enjoyment beyond what any normal coin or ingot ever will. Finnanon here with his superb Portugese bowl demonstrates how much aesthetic pleasure such pieces provide.

The big centerpiece bowl holding the scrap for melting in pic weighs 1,640 grams (48.8 OZT pure silver) and is a magnificent thick sturdy patrician piece made by a high-end silversmith in London in 1915, paid $495 total and will never melt it. I've found sterling below $0.10/gram on eBay but don't hold your breath. Good luck stacking fren!

Sterling is a viable stacking option edition

>Want to Trade ETFs for liquidity?
Buy PHYSICALLY BACKED etfs:
Gold: $PHYS
Silver: $PSLV
Palladium + Platinum: $SPPP
SLV & GLD: AVOID

>Why Gold?
https://www.youtube.com/watch?v=i3S4rl6ehiI
https://www.youtube.com/watch?v=gksenA5Al_A
https://www.youtube.com/watch?v=FI7NnOg2rxo

>Bullion dealers
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.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


>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/

>Relevant information regarding mining companies
https://pastebin.pl/view/fddd4572

Previous thread: >>27011505
Image: >>27037251

Interesting how in a matter of days /pmg/ has gone from an eminently comfy sleepy backwater to a high-velocity classroom for newfriend budding stackers and mining investors. Bullish, but is it sustainable?

>25461130
>gold crash

I wouldn't be surprised if some interesting things happen to the markets between the 6th and 21st due to social/political happenings. Standing ready to dump 10k on whatever is cheapest, whether it's PM/Uranium stocks/options or more bullion.

I hope Vangold resumes trading tomorrow, I can't wait much longer to see what my bags are revalued at.

>>25296333

Take the scrap-pill and you can clear out your savings buying cheap sterling on eBay right now for refining. My upper limit buy price was .50 usd/gram for sterling making it always less than $20/Ozt total for the bars returned by the refinery. Some deals i scored were less than 10 cents a gram but those aren't as common. Also found a .800 Silver platter with 926 grams of pure for 4 bucks at my Goodwill this summer, that was awesome. You can build a great stack even on a poorfag budget if you know what you're doing.

>>25246299
>when the normie FOMO comes prices are going way up and then we dump on them and buy physical gold w/ the profits.

>>25246337
>I for one am happy that I have time to accumulate since I don't have much money in the game to start off with

Not FUDding PMs or miners at all, I've done really well this year, but as a proud troglodyte who never touched anything but physical until the March flash crash I've been continuously astonished by the irrationality of the markets. My macro instincts are good and directed me into cheap miners and calls in March but I have no relevant direct or normie market experience to draw from so am having a hard time wrapping my head around what's going on. The markets look absolutely insane so either I'm a retard or the herd is retarded and following Judas goats to the eventual slaughter. Maybe both. Instinct tells me to keep stacking Silver and miners but until the bubble bursts and the commodities blast off so I'll keep wallowing in a strange headspace until then I guess. I hope you all get positioned well and enjoy the ride, I'm getting more scrap sterling with my gains but 1500:1 is pretty silly so buying more cheap gold scrap is probably wise.

>>24870660
I fell for the meme, just $189/10oz with premium when first released. Not touching their gay "Rosie the Riveter" October bars tho.

>>23662180
LOL no way, he is just fleecing the retards fast so he can triple his Silver stack and buy a fat pile of Impact Silver shares.

If you had the option of spending 27/Ozt now, or instead could spend the money on cheap crap that dumbfucks are spending gobs on and then quintupling that initial investment in a week or 2 so you can then buy back a bigger physical position plus a mining portfolio during the next dip/crash, wouldn't you do so too?

Good business sense as well as a healthy risk tolerance runs in the family.

>>23440015
>moderate commitment to learn the ins-and-outs of it. What % of the silver melt value do refiners usually give you?


Yeah if it were obvious to everyone then scrapping wouldn't be possible. I'm working on a noob's guide to silver scrapping that should be helpful, it's easy once you understand a few basic parameters.

I send scrap in for ingot return which costs more than just selling for dollars (which I don't want). Depending on to who and how much weight you have you might get 88-97% of spot payout for selling directly, for my ingots they take 8-12% of the silver weight as their fee for making them so I make sure my buy prices are low enough to yield sub-$20 silver after all costs and fees.

>>23335328
Busy hoovering up dirt cheap silver while picking carrots incidentally, while dumbfuck fatbeard retards cope in their musty basements.

>>23312140
>>23312244
>>23312285

This is the best advice I can give, refine your search as follows:

Search "sterling" just in the main "Antiques" category. No need to refine further into smaller subcategories as this will discriminate out some good deals.

Select "Buy-It-Now" listings only and sort "most recently listed first". Then you periodically refresh and only look at the freshest newest few dozen listings for deals that few or no one else has seen yet. Visually verify by quickly scrolling through pictures that it is indeed stamped "sterling" or appropriately hallmarked before paying because sometimes sellers call plated crap, aluminum, pewter and stainless "sterling" because they're retards. Assume stated ounces are avoirdupois ounces and set a mental target price per gram total including shipping that you're willing to pay. I try to stick to under $0.50/gram on average which makes the "buy or pass" mental math decision instant and keeps my refined bullion cost below $20/Ozt which I'd rather not exceed while cheap scrap is still available.

The spoon deal I posted is a classically "obvious" deal with 238 gram weight clearly stated and plenty of good pictures of the 200 year old hallmarks. All you need to do is be among the first to look at it and have the confidence to know it's legit and buy it within moments.

I recognize more deals than most people but a good half of them are obvious, you just need to be the early bird.

Do as I say and I promise you'll succeed, good luck!

>>23248172
>Any tutorials or documentaries on smelting silver and making a bar or something. Pretty interested in it

Got some saved youtube vids which I can dig up but other anons are more expert with furnace and crucible work, I dabble and have cast some simple things but am not experienced. I bring my cleaned and crushed scrap to a nearby refinery, you could refine it yourself theoretically, but not economically at a personal or hobby scale as far as I can determine.

And don't be envious or put up mental barriers, anyone can trawl the newly listed BIN (buy it now) "sterling" eBay listings in the antiques category for cheapies. If you sort by most recent first and are among the first people to see a listing then you have a better chance of grabbing fire sale deals. Look at the most recently sold BIN-only "sterling" listings in the antiques category and you'll see the sort of deals that get listed and then quickly purchased. Honestly, spending a half hour looking at what us scrappers are actually buying would be extremely educational, so give it a shot and good luck scrapping!

>>23175039
>big into chemistry

Based. I dabble, got fun stuff like Gallium, Elemental Iodine, Calcium Hydride etc stocked up along with gobs of pure APIs which may be useful going forward.

>I was thinking about tantalum, platinum, palladium, silver, and iridium scrap.

I'm a silver scrapper (gold occasionally) and while you could potentially line up sources of PGM scrap it's not plentiful, nor are they monetary metals which is quite relevant now. Definitely some opportunities scrapping palladium though, as some older components used healthy quantities back before the price mooned.

Gold jewelry and other scrap gold (pen nibs are fun) is easy enough to get but I focus almost exclusively on silver now, buying cheap sterling off eBay and getting it refined and returned for less than $20/Ozt total currently.

If funds are more limited than time then it may be lucrative, I've snagged amazing deals but the general rule is to pay $0.50/gram or less for the sterling.

>>23163772
>Am i missing something? how do you avoid the 20% mark up?

You must refine cheap silver scrap, mine silver ore yourself, or become a coin dealer and pay low dealer buy prices for what you want. Paying retail premiums sucks but it's not the only way.

>>23100424
Scrapsperg reporting.

Excellent eye and good thinking, I've only gotten 1 salad bowl like that and the sterling base ring was actually very heavy duty and thick gauge to hold up to the usage, kept it intact because it was pristine but probably at least 60-70 grams of sterling in the base ring (and little silver nails holding it on) maybe more in yours because that base looks nearly as big as the stool seat. I won't touch it, go ahead and make your offer but the price ain't bad as is.

>>23048337
I managed to buy kilo bars from JM Bullion for 14.78/Ozt including premium during the March bottom. They did NOT last long. ASEs were exorbitant so I didn't get many. Cheapest ounce rounds I got were around 15.60/oz with premium.

Got spoiled by cheap silver so ramped up my sterling scrapping in April to keep the cheap silver party going, the first bars I got refined this year cost less than 13/Ozt total.

>>23044291
>We all know that feel fren

Indeed we do fren.