/biz/ - Business & Finance

Fuck fiat
Fuck jannies
Fuck tripfags

Additional Industry News:
http://www.gata.org/
http://silverseek.com/

Investment and Sales:
https://www.sprottmoney.com/
https://goldsilver.com/

>>18043882
fpbp

Do you trust big dealers they will deliver at locked prices after virus is over?

>>18043929
yes
the only gamble is that you locked in at a high price before spot crashes. this happened in 2011 when the F'ED flooded the market with 'liquidity'. people bought near $50 even though they wouldnt get delivery for weeks. this time things are happening MUCH faster and more extreme

What have you bought recently? Ordered a 2020 gold eagle from apmex last week.

Do I have to kyc for tether gold

>>18043995
Let's hope they will deliver. I am still waiting for bigger sales after dead cat bounce.

>>18044151
bought a tube of british britannias for like 1.65 over spot when it was 17.11. took a week and a half but feels good man

>>18044227
im gonna pull the trigger and buy a kilo from GSM. they closed orders over the weekend but reopened them. guess they have a lot of raw material that just needs to be formed into product so i gotta get my foot in the door before its all allocated. keep the faith brother

>>18043836
Got my first ounce, a PAMP bar. Really happy to be into PM and looking to grab some more soon if the dealers get back in stock damn it. Anyone like gold eagles? Premium is more than getting an equivalent 1 oz bar, but they're in stock, so I'm tempted

Recommended online dealers for EU:
https://www.europeanmint.com/

Question, if the US went back to the gold standard, would gold and silver certificate bills be worth the stated amounts of PM again?

>>18044271
>Anyone like gold eagles?
they are highly recognized so that good. 22k just like the kruguerrand. personal fan of .9999 maples and buffaloes

>>18044494
good question. i believe they are all null and void sadly after the 60s

I'm seeing a premium of between 10-14% (a local authorized retailer for US mint coins + the jmbllion site in the OP) for buying 1 ounce gold coins, is this normal or are dealers abusing the panic? I was under the impression that it should be about 4%.

>>18044920
Premium is higher than usual I believe. But the spot price is largely determined by ‘paper’ gold and silver. Shit backed by nothing but sold like stocks. We are starting to see a decoupling of the prices. Spot price doesn’t matter if you can’t buy physical at that price.It’s becoming very hard to find silver American eagles and even gold is starting to sell out in many places. I bought a good amount last week, now I’m kicking myself for not buying more.

>>18043836
Silver is sold out everywhere, not just the USA, but Europe too.

>>18044263
Have you seen today's premium+vat?
£10 above spot price.

>Longed on leverage today and already x4
All that separates me from a threesome with Asian escorts is a leg to 15$ AAAAAAAAAAAAAAAA

Already have 6oz, 10oz "on the way" and just bought another 16oz for 320€. Will it ever arrive?

>>18046059
May luck and Asian hookers be with you my friend.

What's the cost/benefit of having physical gold over owning stocks in gold trusts?

hello
I would like 3 golds and a bronze on the side

>>18043836
(((Discord))) banned the /biz/ server, get in the new one bros
discordb gg kjGsbrW
brrrrr

my theory was that i should invest in gold because that's the single best way to minimize the affects of the inflationjew (no reason for gold not to hold its value long term).
now with the AUD at under 60c against the USD and gold at over $2800 and ounce (likely to hit 3k soon enough), and im happy to say the theory works in practice.

>>18046495
It's always a good idea to have some wealth in physical precious metals. It's a good insurance to have, especially now when you can sit back and relax and let the market do it's job

>>18043836
Does someone have that meme without the text? I wanna write "I collect green boxes for absolutely no reason"

>>18046653

https://youtu.be/jHBnsBFdC8k

Hyperinflation is here.

The prices for 20 coin lots jumped by almost $100 today and deliveries times are still high. hope this is a deadcat for a larger trough. I want to buy more silver cheap.

>>18043882
Based.

Got 6 Britannias today, 5 more on the way (eventually).
Concerned about bringing this damn virus into my room with the packages, though.

>>18046114
It almost certainly will, the only question is when.
Took about a week longer than usual for my order to get to me, but any order windows will be vague from now on, I reckon.

>>18046361
>having physical gold
You have gold
>owning stocks in gold trusts?
You have the promise of owning gold and might end up not owning gold.

God I am so fucking pissed. I wanted to get into silver and I thought this was the best time to buy a 1000g bar at a low price.

Lawd and behold the dealers in my country either sell bars for 560€ or don't have them.

And after the jew tax of 22% shekels buying later won't give me any profit. The premium + tax will kill me once the price is back to normal

>>18048986
You don't buy PMs to profit from reselling them, friend.

monthly stacker here made a panic order from JM on 3/15 still waiting for shipment. anyone else get a shippment yet?

So, last thursday I told you guys I could buy gold ounces at $1550 each. a premium of about 5%.
I didnt buy, now its higher.

Reason I didnt buy is beacuse I saw a dead cat bounce incoming.
Now, I am not worried, physical is still very available where I live.
I beleive Gold is dropping to at least $1200 and Silver to around $10.

Once it happens I make my move.

>>18051391
Was looking at gold buffaloes last night for 1700. Wanted one but bought more silver at these crazy ratios.

>>18050311
I wish, all online shops I usually buy from are sold out

>>18051391
Physical price won't follow the dip even if you're right.
Waiting for physical is a bad idea right now, stock levels will be low for months at least.