/biz/ - Business & Finance

>>20572460
Be right and sit tight is absolutely key, it's good to have that reminder. In my positions, I've got roughly 85% of my assets just hodling, whereas the last 10-15% I do move around when I see great opportunities, like lately when I moved that 15% into the silver space.

It really is possible that we have no breakdowns until we reach a higher phase, as if you think about it, we've just been through a brutal bear market and generally speaking most of the hands holding are true gold and silver believers, those who understand the fundamentals and macro behind the value of PMs in our current environment. Those in the know would never exit their positions greatly until we 3-10x from this point. Any pullbacks are being bought currently. It may not be until generalist speculators pile in that we'll see true volatility. I won't even think about selling till gold hits 7000$ in TODAY's nominal value.

>>20260430
Suit yourself, 2011 was the 10th Inning for Gold and Silver during that bull Market. We're only in the third inning and Gold's price is almost at the previous ATH. Silver has yet to make it's move, and all the miners are significantly underpriced compared to their 2011 valuations. I'm making money hand over fist from the recent miner run up, and it's just beginning. The fundamentals this time around for precious metals is magnitudes better than in 08, which itself was fantastic.

IM MAKING SO MUCH MONEY IN GOLD MINES RIGHT NOW. IT'S LITERALLY A GOLD MINE

>>20056275
(Chart is several months outdated but you get the point)

>>20056423
you lazy shit i gave you good companies the rest is up to you

>>19834859


Thanks for responding. Sounds like a tough but really rewarding road. I've just found myself infatuated with the mining space after I acquired my first precious metals. The weight and the shine of gold and silver in your hands is unlike any feeling.

I'm a tradesman in my day to day, but I'm still relatively young at 24 and have a 2 year general degree that I can go back to complete. I've been thinking real hard about getting a bachelor's in geology then start writing to all the mining companies in Vancouver (I live in BC) for work. I don't mind hard and physical work, I sweat and bleed often enough. I'm also bookish at the same time and don't mind reading and studying or looking at maps. I just want a career in a place that lines up with my interests, so long as I can make a living.

>>19834983
Sounds like a dream to me.

>>19709332
big disagree, gold and silver perform in their own cyclical bull and bear markets. It's about identifying when the bull market begins that matters. So about 1 year ago, and especially now with QE bullshit. You can't even get away from the BRRR retards here, and Gold performs astronomically during monetary unease. I'm up massively on all my gold and silver miners. Buy the best companies and make 5-10 bag gains.

Requesting rare peter schiff memes. Also looking for the one where he's in golden armor.

All the Tanker tourists flushed. Higher highs, higher lows. Silver and gold mooning. Life's good.

>>19139610
>>19139843
I'm only doing this cause I like you guys.
my personal strong recommendation is to start dollar cost averaging in. We've barely begun to peak. Take a look at the barron's gold mining index to show where the sector has been and where it's likely going to go.

http://www.goldchartsrus.com/chartstemp/free/fchart-BGMI.php

Our current highs are nothing when inflation adjusted.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Notice the cup and handle formation.

Check out pic as a comparison of all gold bull markets.

>but what if this bull market ends soon?
Current FED intervention around the world has drastically decreased all confidence in fiat. All currencies are devaluing heavily against USD, which is growing stronger and stronger until it'll break the system as almost all world debt is valued in USD. Essentially, the debts are growing bigger and bigger and the currency system is in it's first stages of a long break down. Gold as currency likely isn't the solution, but it's an escape that many are taking to get out of the fuckery and to protect their money. Right now is still early in this, and you haven't missed the boat. You've likely missed the bottom though. The precious metals sector runs on it's own bull and bear trends in an almost inverse to the SP500. When confidence is lost in the broader market, roughly speaking the precious metals market begins it's own bull market.

See https://images-ext-1.discordapp.net/external/WGXEKgCda2T_QM1pmJC2MISbkmaNWYR7Afq2POy0vmY/https/www.macrotrends.net/assets/images/large/gold-to-silver-ratio.png?width=780&height=481,

which shows the Gold to silver ratio. Gold lunges forward every recession, spiking the ratio upwards, but it eventually flattens as silver will make it's own move to follow. The ratio has been consistent for 3000 years in it's balancing, and I don't see why it won't be true this time.