/biz/ - Business & Finance

>>18633321
>peter schiff

>2020
>Imagine still listening to Peter Schiff

>>18633321
gold has gained about 15% yoy
imagine that....the feds printed 7t and all you got was 15%
if there was every a scenario in which gold should be shooting up 10% per day its right now, yet its total crab invesment
dumb money

>>18633363
Peter Schiff was RIGHT

>>18633321
Bank of america said gold to $3,000 EONY if you don’t have any metals yet you’re going to be obliterated

>>18633380
>total crab

>>18633542
Now chart it with compounding dividends instead of nominal stock price you fucking mong

>>18633383
Yeah he predicted 12 of the last 5 crashes.

>>18633616
The vast majority of academic "analysts" predicted zero of the last 3.

What’s gonna happen is GLD is gonna go to zero once everyone realizes they don’t have the gold.
Gold will be impossible to buy, and millions will be tungsten scammed.

>>18633643
Taleb predicted this bitch to the T though. Taleb is my new bestie.

>>18633720
Doesn't really contradict my point though. During the lead up 2008, the commentators were essentially calling Peter Schiff retarded for stating that it was even remotely possible that American Jewish Finance was capable of contracting.

>>18633598
>t. Warren Buffet

my condolences

>>18633321
PETER SCHIFF DOES NOT SELL GOLD
PETER SCHIFF ONLY SELLS VIRTUAL CERTIFICATES

>>18633321
Why would I need gold? Checkmate, boomer.

>>18633542

Is this an intentional troll image or just gold bug retardation?

>>18634009
Which part is giving you trouble?

>>18634149

So it's both. Thanks

>>18633398
>mel uses jew terminlogy unironically to refer to non-Jews

Meme would be great other than this

My 7/17 gold calls gonna print

BUY SPARKLEY ROCKS RN BROOOOOS!!!

The market has definitely not been inflated by boomers who are on their last leg and are losing their jobs in record numbers. People will definitely still want gold when moldy bread is worth 1 billion dollars.

40% of my portfolio is in UGL, the rest is cash. Just waiting to be bullish in the Nasdaq again, sold out of it on Monday.

>>18634009
so you are too dumb to double check. thanks.

>>18633321
Credit Suisse just reported a revenue increase of 75%, people already are.

>>18633321
idk, you don't really need to take delivery of gold like you do with oil

>>18633598
mad gains of about 3% after inflation

>>18633681
Yeah because that's how supply and demand works. Retard.

>>18633681
>What’s gonna happen is GLD is gonna go to zero once everyone realizes they don’t have the gold. Gold will be impossible to buy, and millions will be tungsten scammed.
This can’t happen with bitcoin bc nobody knows how much bitcoin is in existence/held kek

>>18636193

>>18636237
I’m for gold regard. Bitcoin you don’t know how many coins are lost

> That million dollar 2021 4000USD call

>>18636251

>Buy gold!
t. Gold salesman

>>18636193
>nobody knows how much bitcoin is in existence/held kek
>>nobody knows how much bitcoin is in existence/held kek
>>>nobody knows how much bitcoin is in existence/held kek

>>18636284
Fuck off and buy bitcoin then

>>18635143
Hello mister brainlet

>>18636298
Nobody knows how many bitcoin are lost or 1 person owns. Who wants to invest in that. Gold is better

>>18636307

>>18636315

>>18636315
no trolling outside of /b/

>>18636323
Ok I get it now. Nice

>>18636334
LMAO FUCK U BITCONE BAD

>>18636335

>>18633321
this does not make any sense

Question : can the same thing that happen with Oil futures happen with Gold futures? Oil went negative because it was delivery contracts, Gold futures may work in a similar fashion, were it is contracts to actually deliver physical gold that is being traded - if there is no physical gold to buy, the price could skyrocket as sellers of the contracts get out and callers insist of delivery of physical gold.

>>18633321
No, it's for boomers, too hard to transport and I don't want to pay for shipping.

I'm just going to keep putting all my money into Bitcoin, later boomer

>>18636465
When the market crashes again everybody's going to liquidate their stupid fucking internet meme money before gold you piece of shit you deserve dishonor and sad life motherfucker

>>18636488
kys faggot

>>18636465
>To hard to transport

you can literally transport 20 million dollars of gold in a brief case.

>>18636394
Gold is easy to store if you have to take delivery, it isn't the same.

>>18633981
To preserve your wealth. Oh you don’t have any wealth to preserve. I guess I see what you mean...

>>18636657
I'm sure your little retard coin won't half in value when Facebook comes out with Zuckcoin. but go ahead and go all in.

>>18636237
Why are you cancer?

>>18636887
then short it u faggot, but i bet you are too afraid or too stupid for it.

Shill me Gold ETFs

>>18636394
Nobody wants oil in their family room. Everyone wants gold

>>18636323
>2.83 MB
>JPG
Reveal your secrets.

>>18633321
We are entering a deflationary recession akin to 2008. Gold will correct to $1,100 before the next bull run.

Don’t like it? SCHIFF.

>>18633321
I can't since it's taxed in my country. So I lose at least 33% the moment I buy it, including premium. Not worth it

>>18633321
No. Every penny not invested in Link is a mistake. Simple as that.

>>18636663
No you cant retard

>>18633321
Unless your long term plan is to buy high you don’t buy gold when people are not freaking out. If you didn’t get in any 2018 don’t bother now.

>>18636663
>you can literally transport 20 million dollars of gold in a brief case.
Zimbabwean dollars yeah. United States dollars, no you fucking cretin. How big is this briefcase supposed to be? A kilo of gold is currently $55,000. Please explain how you think you’re going to hold over 360 kilograms of gold in a briefcase.

>>18633321
>peter schiff

>>18633321
Gold is worthless.

>>18633965
Schiffgold is exclusively physical metal for delivery you mongoloid. He can facilitate buying gold to be stored by Perth Mint for example if you want to through his bank.

>>18633542
BH has averaged 19% annually since 64. So 1.19^56=17000. A 17000x. Meanwhile gold has gone a whopping 50x from $35 to $1700.

Goldbugs are retarded and gold sucks as an investment.

>inb4 muh hedge
Poorfags don't need to hedge.

>>18638123
Stay poor r/daytrading.

>>18638186
>56 year comparison
>hurrrdurr daytraduurrrr
kys

>>18638224
I'll think of you when I buy my Ferrari.

imagine losing your entire net worth in a simple house break in

>>18636663
>>18637737
>>18637785
Gold is to store savings, this cutie is the briefcase money.

>>18638655
She is a shy lady, I had to insist for her to show here.

>>18633321
Gold is litterally useless now. We should buy rice and cans. Recession will be fucking terrible, famine is a real deal. Also, in Autumn there will be a second, deadly wave.

data is the new oil, so firms associated with data business will grow in the future, one such firm named trias they have an excellent product in D-SAAS segment with a solid team with a top-notch academic and industrial background, a complex of enterprise products and solutions, and a sophisticated and sustainable token economy. It is sharing the revenue created from the sale of its Dapp Triasforce to its community. They are starting their staking program soon and it could be a great opportunity to get in at the bottom. it is one of the cool projects I have come across !!!!!

>>18638765
>data is the new oil

>>18633380
Yet you're probably one of those anons that cums in his pants when PNK goes up 1/10 of a pip.

>>18636394

Theoretically it can happen with anything. In reality, the demand and production of gold just isn't high enough for it to happen. You're never going to end up with hundreds of millions of gold bars that can't be moved.

Peter Schiff is such an insufferable boomer. How do people listen to this faggot? He’s been larping as a character out of the Big Short book for over a decade now and his fund has underperformed everything.

He still shit talks bitcoin and his main argument is “durrr, you can make as many cryptocurrencies as you want?” Hey, Jew GoldMan, you can also arbitrarily choose which metal you want and there are lots of metals. It’s way easier to fake gold than it is to fake bitcoin and both of them only have value due to the very idea of value. That being said, bitcoin is much easier, more convenient, more modern, has more utility, and is less prone to forgery.

Anyone listening to Peter Schiff in 2020 is a retard.

Furthermore, gold isn’t “sound money.” The vast, VAST majority of gold is held by a small number of centralized entities and they can EASILY control the entire market:

See the $3B dump on the futures market a month ago.

>>18639033
youre going to get absolutely rekt when the actual crisis starts

Goldfag threads are always the same
>gold beat the S&P guise
>now post it with dividends reinvested/longer than ten year chart
>goalpost moving to "but gold outperforms during single bear days!!!"
Tiresome.

WTF DID JNUG REVERSE SPLIT? THEY'RE 77 DOLLARS NOW?

>>18639068
I live on a large farm and am well connected with the utilities providers in my part of the state.

I think I’m gonna be fine without some pieces of metal whose main use case is niggers trying to signal wealth.

>>18639068
Seriously, if you think gold is a good place to park your wealth, I’m gonna look forward to your futures posts.

A gold bull market would be nothing but a very short-lived liquidity even for large gold holders to offload. The future is digital and only complete idiots would trust gold as a store of value at this point.

Learn from Eike Batista: people can’t eat things that come from deep in the ground (I.e. fuels, minerals, metals)

The kicker? I used to work in gold mining, so I would venture to guarantee I know a lot more about the entire industry than you...

>>18639190
Got Any industry redpills for brainlets?

>>18639258
The entire industry has a large amount of corruption. I worked for multiple companies, one subsidiary in Colombia that was public on the Toronto Stock Exchange where we did all of our banking in Panama.

Yes, greedy Jews run the entire exchange operation and stab everyone in the back below them. I worked out a great agreement for the locals who worked HARDER THAN ANYONE and they all got screwed. I was forced to resign after I called two board members “greedy kikes” on a conference call while on a plane from Iceland to Panama and had to go to rehab shortly thereafter.

They used the Colombian and Panamanian media to steal shares worth over $8M from me.

This is just anecdotal from me. I will go on my computer when I get home and type up some VERY shady aspects of the entire gold industry (especially in South America)

JNUG is worth $83 now when last week it was under $8. Did they convert every 10 shares into 1? Also what does that mean for option calls I had? They’re still worth the same amount, but my strike price is still $7.5 so I’m mad confused

I re-read my last post and I don’t want it to seem like my aversion to gold is because of my having been screwed in the mineral exploration business.

I was actually close to many “big” and wealthy people and I saw so much shady shit regarding the mining industries everywhere from Saudi Arabia to Argentina.

If I told some of the stories, they’d immediately be dismissed as larps because of the absurdity.

>>18639494
Tell em anyway

>>18639428
Tell me more.
Don't be afraid to use names.
Latinamerican is run by corrupt greedy kikes, something needs to be done.

>>18639494
Shitty llarp kid just because your mom let you buy $50 worth of bitcoin doesn't give you the right to be an fag all over the internet

>>18639190
>people can’t eat things that come from deep in the ground (I.e. fuels, minerals, metals)
People can't eat crypto, either.

>>18639494
I believe you. I have friends in the Energy sectors in some good positions and they have told me similar stuff, can't really say much since they wouldn't delve into details but everything is fucking connected (and run by old Jews).

Tell me about Panama and Colombia what you know, would like to hear it.

>>18639494
post some stories then faggot, we love stories

>>18639729
Right, but it works as a much better medium of exchange.

My point was that in a “real, major crisis,” gold is useless. I would argue crypto would be more useful for many reasons.

>>18639789
I have a story that my friends and I refer to as “the Dubai story.” We has a meeting with a very wealthy Sheikh in a club and he invited us up to his penthouse/apartment. He had a Tunisian gf who was, to my understanding, a reasonably well-known singer. We got very drunk on what I imagine was very expensive liquor. Mid conversation, he began fingering this girl and said “which one of you is going to fuck my girlfriend now?”

My friend/partner looked at each other, quite taken aback. I drunkenly raised my hand and said...”I...will...”

I’d heard all kinds of stories about these guys’ strange sexual proclivities.

I fucked this girl in his ornate bathroom while he watched. Shortly thereafter we resumed business discussions and then the girl came out completely naked and whispered to the Sheikh. He then, again mid conversation asked “which one of you is now going to fuck my girlfriend in the ass?”

I obliged. We never ended up making a business deal and I, to this day, wonder if it is because I wasn’t supposed to fuck the black girl or something (although it was established that she was his gf...)

>>18633616
Didn't he just predict 1?

>>18640366
>Right, but it works as a much better medium of exchange.
>My point was that in a “real, major crisis,” gold is useless. I would argue crypto would be more useful for many reasons.
Really? I can't spend crypto at the grocery store. And in a "real, major crisis" where gold is completely useless, will there even be electricity or internet to trade crypto?

>>18633321
>an asset class goes up
Buy gold! It’s over priced and will crash

>an asset class goes down
Buy gold! The world is collapsing

t. Peter Schiff

>>18640581
then dont buy it you faggot. I will enjoy your pink wojaks

>>18640366
He probably just wanted to see how degenerate you guys were.
They like knowing you can later be blackmailed, aside from having no morals themselves and weird fetishes.

Anyway, Saudis are fucking degenerates, muslims hate them as much as Jews.

>>18633380
that's not even the beginning you dumb cunt, come back in 6 months when the hyperinflation worldwide is kicking in and you'll see gold at 35K$, but 35k worth of today's USD.

>>18640572
I don’t put effort toward arguing for extremely improbable scenarios.

If your investing strategy is in planning for an apocalyptic scenario, you don’t need to worry about money or gold or what you “spend at the grocery store.”

Honestly, just step back and try to consider how tiring it is having a discussion with someone who takes your perspective. Try to garner some intellectual maturity.

>>18640819
Why are you even in this thread if you're so much smarter than everyone?

>>18640856
he just blew in from leddit, check out the spacing

>>18633321
I would say the exact opposite, sell gold NOW because it's $55k x kg

>>18640795
Why can’t you view the global perspective and all the realistic corallaries of your bullish scenario for gold? If you truly believe that such hyperinflation will happen to the dollar, do you know how poor the vast majority of the world will be?

Who do you suppose is going to be buying your gold when it is so difficult just trying to survive?

Man, just research A LITTLE BIT about the history of gold. Stop listening to Peter Schiff and thinking he is an objective voice. For Christ sake, the man SELLS GOLD.

Last I heard, his best argument is that “the Gilded Age” was possible because of gold-backed money. It wasn’t. The gilded age happened DESPITE gold-backed money. Look at all the nations, historically, where gold was used to completely subvert and destroy the economy.

I can’t believe how many people just listen to Peter Schiff blindly. Is this laziness? He’s not even particularly entertaining. He just appeals to peoples’ contrarian verve and uses that that market gold to them.

>>18633380
>gold has gained
stopped reading there. gold is the oldest store of wealth on earth. not an investment. comparing it to markets like stocks, real estate, etc is pointless with the fed injecting money the way they are.

>>18633398
>this silver giant dildo-line
GGGGHHHHNNNNNNNNNNNNNNN SO BULLISHHHHHH
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>18640856
I am not “so much smarter than everyone.” Your proposed scenario is just a very improbable one where your hypothesis that gold is a great hedge against an apocalyptic depression isn’t even valid.

>>18640961
Can you tell me what year the “Reddit spacing” meme evinced as a really shitty way to discredit people? Because I can tell you which year it was, and it wasn’t on biz.

>>18640693
I never have and likely never will. Gold doesn’t do anything. Your only way to make money is hoping someone else pays more for it than you did and once you sell it you don’t have anything anymore.
I invest in stocks that pay dividend and private equity that pays distribution. I still get paid regardless of what the market does. I wouldn’t expect someone who thinks in memes to understand.

>>18635143
>boomers
>in their jobs

>>18641086
dumb newfag nigger

stock to flow for gold going up

>>18633751
When you make constant perdections about something as such you eventually get it right, doesn't mean you're bright.

>>18641114
You want some information that’ll garner you large returns within 15 days?

Where do you buy gold?

>>18639033
>Hey, Jew GoldMan, you can also arbitrarily choose which metal you want and there are lots of metals.
and yet, over 10 thousand years, no other ever competed with gold as a symbol of wealth. But I'm sure your half a dozen year old magical internet money is the real deal.

>>18633321
Says the guy who sells gold

>>18639068
Which gold coin is everyone buying?

>>18633643
>academic "analysts"
you dropped this anon : ((()))

>>18638705
Yes everyone knows late fall, harvest time, is the worst for starvation and famine.

>>18640819
>I don’t put effort toward arguing for extremely improbable scenarios.
no need to. Bitcoin takes 10 million fucking years to complete a transaction - when the total usage of that is less than 1 person in 1 million. Imagina the entire world using it.
And you're totally ignoring the fact that it requires a huge 3rd party owned infrastructure to be installed literally in every place where there are human beings on earth to even be viable.

>>18641024
>where gold was used to completely subvert and destroy the economy.
Imagine believing it's gold or silver that's the problem, and not financial fuckery by the State and other special interests, of which fiat currency is their crowning jewel.

America got rich by being the last man standing at the end of a kike war. And it'll take another kike war to fix the monetary cluster fuck it's been digging for the past 80 years.

>>18641227
Really? You sure about that? Wow, you sure are a scholar with your accurate understanding of the history of precious metals! Do you listen to Peter Schiff??

If you weren’t so young, you’d remember, not that long ago, when no one wanted to use gold for anything and the gold jewelry market was plunging because of the demand for Platinum.

That changed very quickly. Also, I suppose you don’t know much about the history of silver?

I worked over a decade in gold mining my friend. I wish you knew how fragile the price of gold is and how quickly it could half or quarter.

>>18641220
Apmex

>>18641382
you

cant

type

more

than

5

words

without

giving

them

each

their

own

line

faggot

>>18641318
Bitcoin is even more retarded than gold. Bitcoin is totally useless in any practical application but in a doomsday scenario a can of Goya beans is worth more than an ounce of gold.
I don’t get gold. It doesn’t do anything. It’s practical. It’s only worth something when there’s another currency to trade for it in. If the US goes hyper inflation we’re going to have way bigger things to worry about than precious metals speculation.

>>18641382
I wanted some stories with names, but you keep arguing irrelevant stuff.
Now that I think about it, you have to be the guy I was arguing with yesterday. Do as I did, and just disregard.

I’m in the UK and I want to buy gold. How do I so?

>>18641318
I don’t expect the entire world to use Bitcoin as a medium of exchange and never made that argument. Sending bitcoin is much faster and easier than sending gold. I’m not even making the argument that bitcoin is the ideal “store of value,” but I think it has many benefits over gold.

>>18641370
I never said gold or silver is directly the problem. It is the people who control the largest supply that are the problem. It is the same people enacting economic policies now. Going to a gold standard would change nothing. We need an entire overhaul of most of the people in finances.

There are some great financial institutions like Stephens Bank, and thanks to them, I’m not terribly concerned about the impending financial crisis.

I’d never keep any sort of value with pieces of shit like Wells Fargo, Chase, etc

>>18641051
your a retard, when governments debase their currencies gold starts to have a price. That happened in ancient athens when they debased their gold coins with copper. Suddenly it took a number of 'coppers' to buy a real gold coin.

>>18633681
Yeah I’m thinking puts on GLD are gonna print at some point

>>18641427
Hey, try thinking for yourself for a change. One of the reasons people on Reddit are so insufferable is because of their lack of any sort of original thought and their inability to think critically. The only reason double spaced paragraphs bother you is because you’ve seen people on 4chan call it “Reddit spacing.” Try to have one unique thought for yourself instead of letting biz, Peter Schiff, and whatever other trash media you consume to tell you what and how you should think. This is a major problem with the world in general today. Learn to synthesize your own perspective. You’re no better than a parrot otherwise.

>>18637646
This

>>18641479
it doesn't have to do anything anon. Gold is the real means of symbolizing value, regardless of the time and place you're in. This is so true that you can see it even in vocabulary - "you're golden", "as good as gold", "a heart of gold", "gold rush", etc. Everything else you may think of that can fulfill that role is just a replacement of gold. The supply is finite, you can't fake it, you can't replace it, everyone wants it, and you can trade it for anything anywhere.

>>18641629
just admit it, you just came from r*ddit, and while you love all the funny chainlink memes here the racism and misogyny is kind of problematic

>>18639090
Yes kek I got excited this morning when I checked the price. I have 30 jnug $6 calls

>>18641492
Maybe you’re just argumentative. I wasn’t on biz yesterday.

>>18641529
> Sending bitcoin is much faster and easier than sending gold.
haha got me there buddy, sending gold is a pain in the ass

>Going to a gold standard would change nothing. We need an entire overhaul of most of the people in finances.
these are 100% pure FACTS

>>18641700
I was forced to resign from my job for calling two other board members greedy kikes.

I’m being sincere that you should learn to think for yourself. You are completely useless otherwise. All of the ideas you’ve expressed here suggest that you lack the ability to think for yourself. If you don’t change this, you’re going to remain useless.

>>18639494
Ur doxxing urself tho...

>>18638077
my bad then but
unless you buy physical, it's not gold and it's not yours

>>18641479
A realistic scenario that could arise from this is a currency collapse and depression, not a Fallout: New Vegas/Mad Max fantasy LARP.

We're living in worldwide tulip-mania as every government in the world has been financing their welfare/warfare states through extreme debt for decades now, and the economic system has been propped up because they can just continuously borrow and throw money at every recession so the market never gets an actual correction. We may very well have reached the point due to the Corona virus where that is no longer possible, and the day of reckoning for decades of nation-wrecking financial/economic decisions could throw us into the worst depression we've ever seen.

The stock market, housing market, cash holders, bond holders, etc. could rapidly see their entire net worth go to zero if all of their investments are overvalued bubble economy assets. Combined with most people in the west living beyond their means, and we could see a bunch of severely over-leveraged and panicked "normies" (I hate the term but it's fitting here) trying to mass liquidate their assets when they see the prices of everything collapse and they lose their job, social security, pension, etc., and subsequently try rushing in to a safe haven asset like gold in silver to try and preserve what net worth that they can. It could end up being one of the largest wealth transfers in world history to the people who hold physical gold and silver. Or you can just listen to r/daytraders and CNBC Business pundits who are totally blindsided by every recession and depression, have no understanding of economics, and lose all of their money every 10-20 years but have no introspection whatsoever to try and discover why they got completely blindsided by some huge downturn in the economy.

All of the 3smart5me Wolf of Wall Street wannabes can keep their perfectly "balanced" portfolios, the smart money is on the fundamentals of gold and silver given our current reality.

>>18641777
you must be 18 to post here

>>18633321
No, I don't think I will

>>18641777
When the markets crashed bitcoin got cut in half while gold dropped $100. Everybody liquidated their stupid internet money first. Sure bitcoin rebound 25% but that just shows how unstable it is

>>18641681
That’s all fine and well anecdotally but let’s remember that for the vast majority of history there weren’t exactly any alternatives.
The richest people in the world (that we know about) all have their money in equities.
IMO gold is also inflated because people don’t spend it they just hoard it and it’s only even “worth” that because someone is willing to pay it.
I just don’t see the point in gold.

>>18640795
>hyperinflation worldwide
The hyperinflation meme needs to stop. It really does. These dumb faggots don’t know what they are talking about but they repeat stupid shit confidently.

>>18638765
How much energy can data generate?

>>18642583
This, shitty currencies will crash, but the dollar is most likely headed for deflation.

>>18633380
Give it time, the catalyst for gold mooning is working its way down the line. Its not an immediate cause/effect. It will take time for the QE wave to push investors into gold. Also, people moving stocks and other financial assets into cash causes a strong dollar which further hinders a gold breakout. Once the dust settles and people arent moving into cash positions rapidly, AND the effects of BRRRRRR start to be felt as inflation, gold and silver will explode. $10k gold and $250 silver is not only possible but I would bet on it happening by Thanksgiving.

>>18643176
The real question is what to buy once we have a silver and gold mooning event.

>>18633321
Bitcoin exhibits stronger network effects
https://m.youtube.com/watch?v=7nFbKzt-uwE

TMAC Resources (TMR: TSX, TMMFF:OTC)
If you want growth whilst being insulated from general market turmoil, this little gem has been beat down and compressed as far as she will go, so it’s one of the safest high return bets out there. I don’t like to tell friends and family what to invest in, but this is one I would very much encourage buying.

Summary:
-80 km straight greenstone alteration strike length.
-Largest shareholders are Newmont Mining and Resource Capital Fund (Both bought in at approx. $5 CDN / share)
-Known high grade from surface to open depths @ 1000 m
-10 MOz P&P, M&I, I., 7 g/t grade w/ 4 g/t cutoff (the cut-off is higher than most companies’ head grades).
-2000 t/d nameplate capacity (sprint rate @ 3000 t/d) mill capable of churning out approx. 170+ kOz/ year at typical head grade of 8.8 g/t, applying 92% availability factor and 90% recovery factor
-Project plans in place to double production within 4 years
-AISC of ~$1150 USD/Oz
-Approx. net income of 144 MM CDN / year @ a 600 USD/Oz delta
-Approx. 64 MM CDN Liabilities (this was nearly halved over 2019)
-Applying a meagre $30 USD/Oz for the high grade gold in the ground yields a reserve and resource value of $422MM CDN
-Applying a paltry P/E of 3 minus, applying R&R value and subtracting liabilities yields a low target MC of $850 MM CDN vs. current $140 MM CDN… SP of ~$7.35 CDN vs. current $1.21 CDN

I think this is definitely a great buy along the way to approx. $3.5 CDN. Steady growth past $3.5 CDN. I feel that the only real risk is this getting forgotten about with all the excitement and losing the momentum.
TMR is a high grade producer at explorer pricing.

>>18641116
GO GO GO

sold

what stocks should i buy then?

>>18643312
The dip nigga

>>18643940
VGDIX nuggah

>>18643420
Thank you anon I will look into this one

>>18637705
HELLO? BASED DEPARTMENT???

>>18635143
>moldy bread is
You know bread isn't hard to make.

>>18637705
Yeah no.

>>18639090
Is jnug ever going up to its its highest level?

I’m long gold, buying the dips all throughout this and next year.

>>18633321
Redpill me on JDST AND JNUG.

>>18633321
We literally are in the golden bull run, bois. *sip ah*

>>18640961
The cuck stuff didnt que you in,??

>>18633380
If your mentality going into this is like a stock or a some shit coin then you're retarded

>>18633321
> says something retarded
> says buy gold

The only reason oil went negative is because storage is full, demand is near zero, and production is too high. It’s basic supply and demand misalignment.

None of it means buy gold. Gold is only useful when the interest rate is substantially lower than CPI.

Current CPI is slightly negative and interest rate is 0.5% buying gold right now is retarded.

Venezuela: interest rate: 40%, CPI: 200%
This means prices rise faster than extra money from interest. Good to own something stable here.

US: ~2% CPI and ~1% interest rates. Hardly enough need to own something stable. Plus as I said, right now CPI is negative.

>>18633321
do people unironically listen to Peter Schiffberg?

>>18646322
I listen to Mike Maloney

>>18641176
not that anon but I'll take some

>>18641546
nothing you said is relevant or contradictory to what I said.

>your a retard
lel

>>18633321
Schiff's shilling is just pathetic. The exchanges will allow for cash settlement if it becomes impossible to deliver. They did this in the 1980s when the Hunt brothers cornered the silver market and they'll do it again if it happens in the gold market.

>>18633321

>>18646322
i watched one...one...of his videos and like every 5 minutes he shilled his gold website.

guys, the current bailouts are for people, small and big businesses, banks are not included yet, if you think its crazy whats going on, just wait 6 more month.

someone mentioned gold and niggers showing off wealth. central banks are niggers, for others to accept whatever currency they give out they need to have something to back it up even if its not directly backed with gold.

>buy fucking gold
No.

>>18633321
I made decent returns on on Peter's advice, he basically bought into gold stocks all the way down during golds downturn because of coronavirus, I did the same but did not time it perfectly, still nice returns and it's going to keep going. Bank of America and mainstream players are liking gold right now.

>>18642857
>The dollar is going to increase in value

When has this ever happened in the long term? For the past century the US dollar has done nothing but devalue lmao. Amerisharts are this fucking retarded. Keep holding your worthless toilet paper, fat mutt.

Peter schwifty

>>18648071
As a guy said on Bloomberg, Gold is the only money you can't print.

>>18648276
https://www.youtube.com/watch?v=2qTOWuL7Zco

>>18648339
Imagine expecting me to watch a 21 minute video

>>18648503
It's good info friend. If you care to understand what's going on with the dollar then you'll watch it.

>>18647567
Zoom out. Gold is the best performing asset since 2000

>>18633321
Don't tell me what to do

>>18648615
>go read every Harry Potter book right now there's good info in there because I don't actually wanna argue my point

>>18648811
People around the world have taken out loans denominated in USD. So that means they all have to sell their shitty currency and buy USD. That means there's a massive demand for USD. This also means that USD is killing everyone's local currency. The video explains that USD will rise in value, in a massive short squeeze as this happens until the world decides the USD is hurting them more than benefiting them and the USD will be dropped and the value of it will dump.

Watch the video dude it's worth it, also it's nothing like reading a 700 page book dude.

>>18648867
>The video explains that USD will rise in value, in a massive short squeeze as this happens until the world decides the USD is hurting them more than benefiting them and the USD will be dropped and the value of it will dump.

Ok but that's not deflation, that's a dead cat bounce before inevitable hyperinflation

>>18633398
>gold obliterating

>>18633380
gold is for people stuck in the old world. twenty years from now it will be worth $200

>>18649328
New world is computerized. Computers consisting of gold and silver. Since we've reached peak production of gold and will start running out shortly the price will go up. >inb4 muh space mining
Space mining would barely break even with current rocket prices not including the actual mining of an asteroid or bringing it back to earth

>>18633321
Fuck gold, buy SAND.

>>18648867
yes, there will be a tipping point, and it will tip QUICK.

>>18649328
that's what the arguement was in 1971.

>>18648867
That's one of the reasons I'm bullish on gold, a significant portion of the globe seems like they're poised to try and kick the US off their pedestal. Undermining the dollar seems like the achilles heel.

>>18649900
also, VSL to $2, whatever the fuck that is

>>18636323
lel I wonder how much money he's lost by buying that industrial metal. Wait for manufacturing to look like it might bottom soon before speculating on silver

>>18636333
stop posting trannies

>>18649457
Industry accounts for using 10 % of the gold supply. Computing accounts for a fraction of that. If we suddenly required more gold, more mines would open. Gold is not 'finite', it is not 'consumed' by its use. It can be and is recycled.

>>18650388
Still 10% is a lot. It isnt always recycled. Everything is relatively finite. It's not infinite. And what about silver? Theres more above ground gold than silver. Silver gets blown up in bombs and silver gets sprayed away onto all kinds of things in nano coats. Just because it's possible to recycle doesn't always mean its profitable.