/biz/ - Business & Finance

>>22194396
I generally disapprove of playing with paper PMs to begin with (since it defeats the point of PMs as oppose to just allocating it to a stock portfolio), but the entire crux of the incoming crash is that paper contracts are going to hit the point where their value backed against physical is proveably worthless (which will in essence be an unavoidable spark setting the fuse for a global crash - ie your Franz Ferdinand to WW1)
Putting puts on PM is about the most fiat way you can play with PMs; to which I'll just say that, sure, you'll probably make an absolute killing off of them, but it won't really mean much when both the relative value of the stock market they're in and the dollar are in the dirt. Paperfags got their last month of trading in August to which I saw some very happy paperfags get upwards of a grand or more a day on their miners etc (more power to them, but I was already all in phys at that point so I couldn't make any gains); but now, especially since we've now got data indicating the first set of defaulted contracts are in on Gold, you ought to go to as much phys as you possibly can, beause the economy is essentially on Sudden Death mode between now and the next few key dates which it in all realistic terms would take a miracle to survive through and delay the crash for a few months more (namely; November 3rd - Burger Presidential Elections, where either Trump wins and Dems crash the economy before/after in spite, or Biden wins and the economy crashes due to his policies with some Rep spite added in on top - and December 5th, when the NEXT set of contracts are due in)
Crashes don't behave in conventional market ways, and neither do PMs in crashing economies/ markets; I'd just like to remind you that you're not here to make money (crashes by their inherant nature don't do that), you're here to preserve value and maximise how much value you come out with - something that paper PM will not do for you.

>>22194406
Nah, probs one of his buddies

>>20194407
So what's /pmg/'s opinion on the current Chainlink phenomenon that external /biz/ is so excited about?
Personally I see an obvious correction incoming, however since I'm not as clued in on crypto in general I'm not sure what to make of its futures.

>>20183414
So what's /pmg/'s opinion on the current Chainlink phenomenon that external /biz/ is so excited about?
Personally I see an obvious correction incoming, however since I'm not as clued in on crypto in general I'm not sure what to make of its futures. Also, holy shit, Silver is above 14.5 GBP.