/biz/ - Business & Finance

>>11284988
im gunna asteroid mine you fgts outa /biz/

>>11285002
maybe in the 22nd century, and even then it would be pretty limited compared to what can be mined on earth

>>11285002
not in your lifetime zoomer.

>buy above spot from dealer
>sell below spot to dealer

REEEWHAT THE FUCK IS THIS SCAM SHIT WTF YOU TOLD ME THIS WAS SAFE REAL MONEY WTF FUCK YOUUUUUUUU

>>11285032
>>11285245
https://www.dailystar.co.uk/news/world-news/727608/asteroid-mining-space-usgs-mission-worth-value-asteroid-belt-minerals-700-quintillion

https://www.mining-journal.com/investment/news/1346528/luxembourgs-mining-ambition-out-of-this-world

>>11285268
>https://www.mining-journal.com/investment/news/1346528/luxembourgs-mining-ambition-out-of-this-world

can you point in the articles where it says in WHAT FUCKING YEAR astroid mining will be accomplished?

>>11285346
>http://www.mining.com/luxembourgs-space-agency-ready-lift-off/
>The announcement was followed by the government’s acquisition of a major stake in US-based asteroid miner Planetary Resources for €25 million ($17.4 million). The goal of the investment is to help the Redmond, Washington-based firm launch its first commercial asteroid prospecting mission by 2020.

>>11285346
This. We spent $10 Billion to send a couple guys to the Moon and they only brought back a few kilos of rocks (not even PM or anything useful beyond the scientific value), and that was 50 years ago. Humans haven't been to Mars or even the Moon since.

>>11285473
humans arent going to asteroids either. robots are. falcon heavys can more than carry enough weight, especially if they are near earth astroids like they are planning to hit.

>>11285494
>send mutli-billion robot to mine asteroid
>drill breaks first week
>nothing comes back
kek

>>11285581
>billions are anything to these companies.
know how many spacex rockets have failed/blownup?

Hopefully this thread doesnt die like yesterday. I've got $5k that I like to buy some PM with I'd like to get some opinions on 1) what might be a good ratio of silver and gold or if I should just stick with one or the other. (I'm leaning towards silver given the price)
2) does anyone have experience with wholesalecoinsdirect .com? They seem to have decent prices from what I've seen so far jMbullion also seems reasonable
3) does it make sense to get mostly 1oz rounds and then a few 5-10oz bars? What would you go with?
also I have a 401k and an IRA but I dont understand that shit and am not making much from it. so I'm hoping with this small investment and then each month or so buy a hundred dollars or more of PM will help me in the future

PM is kill.

>>11286451
4k silver 1k gold, or all in silver due to the ratio

dont buy rounds. get bars and coins

>>11286613
why no rounds? what about junk silver?

>>11286613
Thanks I'll keep that in mind. I saw on kitco they are selling 100 1oz silver imperfect goverment coins for $1571 does condition really matter when most places seem to only care about melt value?

>>11284988
I bought 100 oz of silver last month.

>>11286451
For $5k in an IRA I would say 2 gold eagles and 8 tubes (x20) of silver eagles. That's 50-50 gold silver (personally I'd go all gold but that's just me). Don't waste your money buying overpriced coins, and never ever ever buy bars, lot of fakes out there.

>>11286727
you always sell rounds at spot, unless its a premium round like Engelhard Prospectors.

Silver Maples and Eagles, its easy to ask for a premium when you sell. they are vary liquid and not stupid looking like zombucks or artbars.

>>11286727
If for an IRA eagles are better than rounds. If not for an IRA, I would say just get APMEX silver rounds. Junk silver is called junk for a reason, stay away from it.

>>11286804
What is the reason? t. newbie

>>11286891
because it's usually coins in poor to avg condition and then you've got to keep track of like six different coin types that each have a different amount of silver. it's much easier to say oh I have 100oz of silver eagles than x dimes, y quarters, z halves, etc. and calculate the silver content of all those coins, plus they are not IRA eligible either

>>11286451
Go heavy on silver right now. Get 1 oz gold and 200 oz silver thats my suggestion.
Ebay is a good place to start you can get ebay bucks which is 10% most of the time but you have to be savy and look in the section of world coins. Theres a few deals in there from tine to tine and when you combine in with ebay bucks its even better.
Convert ebay bucks every 3 months to gas cards bought on ebay, basically same as cash.

>>11286935
>putting silver in an IRA
Is this a good idea? I just did a small amount of research which suggested that you aren't allowed to physically hold it. Better to keep stocks and other financial assets in the IRA, and buy silver after you have reached the yearly contribution limit. Unless I am confused?

>>11287040
I'm not sure about IRA's desu, I would suggest asking a financial advisor about that. All the PM I have is securely hidden in a safe spot.

>>11287040
none of the shit ITT is a good idea in 2018

>>11287048
OK - it's just that keeping your silver in an IRA seems to completely defeat the point

>yes, of course we have your silver! You can't have it until you retire, but we would never think to lend it out or gamble it as collateral for something or do anything like that.now stop asking questions and get back to work goy

>>11287089
yeah, my personal philosophy is if you don't hold it you don't own it

has anyone bought from Wholesalecoinsdirect.com it seems like for $5k I could get about 300oz silver and 1oz of gold compared to ampex jmbullion and kitco where it would be about 200oz silver 1oz gold

>>11287380
I haven't heard of that place before but I'm not sure how there could be that much of a difference

>>11287151

I am too busy wagekeking to sit on the porch with a shotgun

>>11287944
what?

>>11285494
Earth is flat you big dumb ass!>>11285581
>>11285596

>>11286451
17% silver 77% gold buddy!

>>11288557
>Earth is flat you big dumb ass!

>>11288736
Explain to me how the heliocentric model makes any sense in under 100 words. I'll wait
Flat water = Flat Earth.
You literally will not be able to debate me if you so choose to.

Sorry you're such a brainlet you fell for some dumb kike story your grade school teacher told you about gravity.

>>11286804
>Junk silver is called junk for a reason
its what you want in your trunk.
>its gov issue
>higher divisibility than eagles
>known
i say again. when people want silver, they want something they trust and will pay the premium

>>11287380
Hey man I have ordered from them before and they are legit. Got a really good deal on silver eagles in 2013 (at the time)

Threadly reminder that precious metals dumped harder than stocks during the last recession.

I have several hundred Monero. Would now be an OK time to trade some of it for a few ounces of gold? Looking to diversify my holdings, as I've been all in on Monero for a while now.

At the same time, Monero seems to have a much bigger upside. But now that I own 40 oz of silver coin, precious metals are becoming almost like an addiction to me. And I don't own any gold.

>>11289099
Just partition your bags:

>Sell some XMR
>Use some to buy back more XMR w/ BTC
>Use some to buy Fiat

>Use some Fiat to buy Gold
>Use some Fiat to buy back BTC

Rinse wash repeat etc.
DCA

>>11288900
due to Poe's law I'm not sure if this is a joke or for real

>>11288975
Junk silver sucks, no serious investor even considers it as an option. Dividing an ounce of silver isn't even necessary due to it's low value.

>>11288900
https://www.popsci.com/10-ways-you-can-prove-earth-is-round

>>11289204
>no serious investor even considers it as an option
then why was the premium for it higher than the damn rent 2008-20012?

>>11289197
>>11289208
If you want to debate me I'm willing to have a conversation but I don't want to spam the thread so I won't start it.
Let me know your questions but I'm not joking.
Its fucking flat.
Prove me wrong if you can.

>>11289208
If you need to link some random website to prove something you cannot prove it.

>>11289204
So basically what you are saying is there is a huge market in buying junk silver and smelting it into bars.
Got it.

>>11285002
FACT: the preshy mets expended in drills, space launch, and hardware exceeds the retrievable metal quantity in any near-earth asteroid.

>>11289609
>any near-earth asteroid.
>space launch

>>11289475
its illegal to melt junk silver.

>>11289708
Yeah its also illegal to infringe the 2nd amendment nigger but I can't carry a pocket nuke around.

Gday fellas
Is there a reason of having physical metal besides feels good factor?

so is APEMEX /our/ exchange?

>>11289456
>but I don't want to spam the thread so I won't start it.
Good, keep your bullshit theories out of this thread. This is for PM only. You're the one who first injected the topic in this thread for no reason. Go to /x/ for that kind of crap.

>>11291153
APMEX is good, but if you're paying with CC then LibertyCoin has lower prices. Also, APMEX has started enforcing state sales tax for a few different states so that might also be a factor for some.

pls respond
>>11290689

>>11291680
Yes. In crises the metal you own but don't hold has the tendency to disappear.

>>11289708
Wrong. It's illegal to melt copper pennies.

>>11291787
>the metal you own but don't hold has the tendency to disappea
has this actually happen b4?
Im thinking about buying silver bricks, you goys hold any? I saw some cleaning/maintaince shit on APMEX anon above posted does it require much care?

>>11291958
stay away from bars, only buy coins or rounds

>>11292025
thats what ppl been saying and I dont understand why??? Its more expensive /oz is it not?

>>11292094
there's a lot of counterfeit bars out there, even some that make their way into the inventory of reputable dealers. plus large bars aren't divisible and have a harder time finding someone to buy it if you need to sell quickly for whatever reason

>>11292149
I c, so in the end overpay for coins is a small price to pay for amount of potential problems you have with bars, thx for useful info man
I suppose with coins still heavier the coin the better

>>11292332
Well, coins are more expensive than bars yes, because they are issued by govts, but you can get rounds for basically the same price as large bars. Although with coins like ASE's you'll get more back when you sell them as well, so the buy/sell spread usually comes out to be the same.

>>11290689
yes

>>11292870
oh really? I thought you can only sell for a value of a metal and the fact its coin has little benefits
>>11292881
perfect, tanks

also one more question, I dont feel like putting a lot in metals in one go is buying few coins per month reasonable way to do this?

>>11292912
>I thought you can only sell for a value of a metal and the fact its coin has little benefits
No, ASE's will always have more resell value over rounds or bars. Plus being issued by a govt has added benefit and they are legal tender

>also one more question, I dont feel like putting a lot in metals in one go is buying few coins per month reasonable way to do this?
It's perfectly fine to buy as little or as much as you go, there's no right or wrong answer

>>11292979
What does ASE stand for, complete noobie here...

>>11293090
ASE = american silver eagle
AGE = american gold eagle

>>11293264
Ooooooooh, yeah, I'm europeen

>>11293548
Oh, in that case you would probably want some different ones. Austrian philharmonic's are very nice.

bump

also get a load of this guy >>11293570

bump for PM

>>11295420
lots of gold hating retards on the board today

A while back I saw a post about testing authenticity by analyzing the sound frequency of silver/gold coins does anyone know what im talking about? I cant find the post and am not having luck searching.

>>11296479
It's probably just one posting like crazy thinking biz can sway the gold market.
Topkek

>>11297136
Yes, I'm the guy who made this
>>11294390
>>11294552

I've found my first coin what do you goys think

>>11298289
The Austrian philharmonic is a solid coin.

>>11298321
it is also cheapest one in my market for some reason. Second is pic related but its not 999 but 916 apparently

>>11298382
Yes, the AGE is 22kt like the Krugerrand. I actually prefer .916 because they are much more durable. 24kt .999 scratches way too easily. Make sure you get airtights or lighthouse capsules to protect it

>>11298427
thats a good point actually
For some reason I still want to grab a large amount of silver idk why, gold surely has better performance

>>11298452
Get a tube of silver phils, it never hurts

>>11298474
Im bothered by the fact that golden coins lose half of what silver coins lose if sold second after purchase

>>11298486
huh?

>>11298573
well if I check a sell price on gold and silver coin, roughly speaking gold coin sell price is 8ish % lower than buy price but silver is 16% lower than its buy price

>>11298612
oh yeah, you'll get screwed if you sell silver back too soon, I found that out the hard way

What are the most reliable ways to spot chink counterfeits?

>>11298660
See >>11297935

>>11298647
but like... why should I buy silver i first place then? If gold is superior for trade back whats the purpose of holding silver, it usually moves relatively close to gold price moves.

I want silver just cause but my desire feels unreasonable

>>11298678
I personally wouldn't buy it now, I'm all gold and platinum, but having some silver isn't a bad idea in case it goes back up

I have pretty much my life savings in gold on Uphold (an exchange). I don't like the idea of physically carrying it, so I have it sitting on the exchange and it's linked to the price of gold. Fifteen oz

I don't know how the fk they do it but they're partnered with Brave/Eich so I trust them. When you withdraw, it is a USD withdrawal linked (at the time) to the price of gold. Am I retarded? Am I really supposed to start physically holding this shit?

>>11298717
>Am I really supposed to start physically holding this shit?
If you don't hold it, you don't own it. I've got 12 oz and it's the best thing ever

Thoughts on the Delaware Depository. It's held off balance and they have 0 debts

>>11284988
I decided you guys needed a better title image for your next thread. Here you go. Sauce is "Molly's life Platinum and gold".

There is a lot of negative chatter on forms about silver... you know what that means.

>>11300400
Nope i'm a pleb can you explain