/biz/ - Business & Finance

>>30074448
;)

>>27423399
Silver exchanges are speculating on silver prices, silver that they don't have physical access to. This causes the price to drop because it creates an "illusion" of over supply in the market. They are over leveraged by over 150 times, meaning they only own 1:150th of the silver that they are trading on the exchange, and that paper/physical decoupling is what will cause violent uptrends in silver [ hypothetically if millions of people collectively decide to buy and store 10 ounces or more ]

>>27394483
It wont be a SHTF apocalypse scenario, most people will likely store 5-10% of their networth in silver just to offset the never ending fiat printing.

Storing silver essentially keeps the money printer in check and prevents governments from constantly writing themselves blank cheques.

>"The silver market is even more heavily leveraged with paper, meaning even further divorced from the real world. Veteran precious metals commentator, Steve St. Angelo has estimated the paper ratio in the silver futures market at 233:1."

https://dynamicwealthresearch.com/news/physical-silver-decoupling-from-paper-market#:~:text=The%20silver%20market%20is%20even,futures%20market%20at%20233%3A1.

Once the whole "meme stock" fiasco sobers up, commodity assets like Silver will look very promising.

>Commodities historically undervalued relative to dollars

>Silver used in electronics and EV batteries

>Silver:Gold price historically pegged to 40, making Silver worth about $46.

A movement to purchase and safekeep silver would bring the price up back to its actual value and more. If everybody in the US bought a 10 ounce coin, you would see a global shift in attitudes towards silver and against relying solely on paper fiat and cryptos as a wealth preserver.

>>27327773
pretty came to say this

Silver has the potential to go 200% or more just on fundamentals alone. Factor in the economic climate, meme potential and a frothing market? No wonder physical silver is selling out slowly

>>27322822
this has been a theory for a long time and an idea that doesn't originate from here. It's not the most popular perspective. I'd bet it's more right than other perspectives.

>>27322909
they were sold out of the antiqued ones when i purchased.

>>27322986
>firstmajestic for gold
first majestic is pretty special. Personally unaware.

>>27323164
>going to see them all try to sell what they bought.
I'm going to guess those ones have purchased paper.

>>27197210
Everybody is waking up to this. Wallstreetbets subscriber count is a fairly good indication of the speed of this movement's growth, it was about 3M a few days ago -- now there are 7.1M.

You can lead a horse to water, but you can't make it drink. Precious Metal manipulation and it's subsequent shirt squeeze is a dance as old as Economics itself. They'll learn as they watch it unfold and choose to partake, but their participation isn't going to be a causal factor.

>>26642305
I want to talk about shiny rocks

>>26394535
>atoms arranged to make gold
Do you even know what atoms are brainlet? Is this your average Bitcoiner?

>>25702888
you're right. we'll go even lower.

>>25647491
this one?

I'll do it myself edition

>Why Gold?
https://www.youtube.com/watch?v=i3S4rl6ehiI
https://www.youtube.com/watch?v=gksenA5Al_A
https://www.lynalden.com/reasons-to-buy-gold/

>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

>Prospecting
https://www.youtube.com/watch?v=ZCL6FKQZyoM
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://www.youtube.com/watch?v=3mg9YcAShTo
Magnets
https://www.youtube.com/watch?v=NgSXg-WOEVY
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/

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

>>24419920
Yet we still measure in "horse power". Gold is a fundamental of the financial system, and the only other tier 1 asset the banks hold(the other USD, for now). I can concede that banks could adopt some kind of pinned Crypto exchange with their own centralized Crypto currency at some point, which could make some people very rich if they have the stomach for the smack downs and uncertainty. But Gold isn't going anywheres, and will continue to be a important component of the system for at least another century.

>>24304332
>Why did Crypto crash
Is this a rhetorical question? But in all seriousness, Bitcoin is crashing for the same reasons Gold is down, and ultimately what will crash most of the market at some point.... That being the amount of "Brrrrrrrrrrrrrrrr" by the central banks.
>But that's deflationary!
The (((Banks))) are in control. They buy bonds, they buy Gold, and maybe someday they'll buy Crypto too after they've sufficiently crushed the price and regulated it. Point being, we're all on the same team, so if you see Gold dipping, Bitcoin isn't far behind.

>>24302954
The truth is anon violence and money are the rulers of this material plane. What you are witnessing is a disagreement between the two of them, where the government is extending its violence, but the money is withholding it's funding of said violence. The Banks will crash the markets and economy, unless the government writes them a cheque via QE. Then Gold will spike again, as rates become essentially negative. This is all a grand Psychopath game, and we through wisdom(and God's grace) have the opportunity to at least make lemonade out of these sour circumstances we find society in.

https://www.reuters.com/article/health-coronavirus-britain-furlough-idUSKBN27H11Z

https://www.thestar.com.my/business/business-news/2020/11/20/uk-budget-deficit-reaches-286b-in-seven-months

UK adopts MMT theory in everything but name. Remember the States doesn't need to be the quickest draw in the monetary war, just the biggest. Expect worse and worse soon

IT'S ACTUALLY HAPPENING EDITION, LET'S GOOOOOOOOOOOOOOOOO

>Flare snapshot date - December 12th 2020:
https://flare.ghost.io/claiming-spark-faq/
https://flare.xyz/supporting-exchanges/
https://flare.wietse.com

>Obligatory Flare/Spark Tutorial
https://www.youtube.com/watch?v=-bMGWE6dJiw [Embed]

>XRP Ledger
https://dex.xrplapps.com/

>XRP Stats "Richlist"
https://ledger.exposed/rich-stats

>Past /XSG/ threads:
https://pastebin.com/pZdQbREq

>Insiders:
https://pastebin.com/UMq3WAV6

/PRECIOUSMETALSFAGS/:
>Judy Shelton (Trump Fed nominee):
https://www.cato.org/cato-journal/springsummer-2018/case-new-international-monetary-system

>The Myth of Market Cap:
http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

>XRP FUD BINGO
fudbingo.com

>Twitters:
https://twitter.com/@JoelKatz
https://twitter.com/@looP_rM311_7211
Pool Archive:
https://twitter.com/PRX0202/status/1328886585367126019?s=20

>Twitters With Possible Timeline(look for more)
https://twitter.com/aantonop
https://twitter.com/BabaCugs

>What wallet do I use?
There is no right answer for this. Mostly personal preference and security vs. convenience.
Hot storage (with Spark support) - XUMM or Exodus.
Cold storage - Ledger/Trezor or Paper/Metal Wallet.

>J. Powell alluding to more stimulus in the end and the use case for XRP. UBI incoming.
https://www.bloomberg.com/news/articles/2020-11-12/powell-says-next-few-months-may-be-challenging-as-virus-spreads..

>The autonomous industrial revolution will be funded by a game changing digital currency.
https://www.youtube.com/watch?v=AKSqxyDd04s[Open] [Embed]

>>24065946
this one?

>>23660063
IYKYK
Y
K
Y
K

>>22719212
SMD IYKYK DYOR

>>22546027
10 Trillion MC is peanuts when ALL WEALTH ON EARTH IS TOKENIZED.

>>22502857
Hey Brad, if I get some digits will you sell me some zerpees OTC @ sub-cent prices?

>>22445954
Damn.