/biz/ - Business & Finance

>>18699899
First for mercs

>>18700087
First for formerly well to do housewives

>>18700114
I'm more excited about their daughters if you catch my drift

https://en.wikipedia.org/wiki/Speculative_attack
>For example, an investor borrows 100X and converts it to 100Y at the fixed exchange rate of 1X to 1Y. If the nation X runs out of foreign reserve Y in this period or if they are forced to allow their currency to float, the value of X may drop to an exchange rate of 2X to 1Y. Investors can then exchange their 100Y for 200X, allowing them to pay off the loan of 100X and maintaining a profit of 100X.
If paper gold is unbacked, wouldn't it be very easy to launch such an attack on "gold"?
>borrow shit ton of paper gold
>exchange it for real gold
>???
>profit

You want to know anything about your local mineral wealth and how to access it, ask it here, I will be making each answer as short and sweet as possible.

>>18700251
Maryland?

communism will win

Anyone have a code for catalog.usmint.gov I can use before I make my orders? Cant find any online except nonworking and expired ones.

>>18700285
The Central and Northern reaches have produced a surprising amount of glacial and vein fed nugget gold. The most gold has been found on the Potomac River in the Great Falls area, but some other areas worth investigating are Catonsville in Baltimore County, Libertytown in Frederick County, and in Howard County it may be profitable to check out Woodbine and Simpsonville. The gold will be mostly fine, but native gold wire also appears in course gravels and boulder creeks feeding the Potomac.

>>18700185
Not sure I'm picking up what you're putting down

>>18700251
Is searching for sunken treasure off the coast viable

>>18700337
"fuck you" for 50% off

>>18700395
I'm more looking forward to getting blowjobs from 18 year old daughters than the old used up whore moms

>>18700510
not really, too expensive and too dangerous, plus now countries keep trying to claim treasure in international court over ownership.

post your statues

>>18700087
>>18700114
Kek formerly well to do indeed

>>18700536
doesnt work

>>18700598
That is badass. Wouldn't wanna pay the premium though

how is gold going to be worth more than crypto in a society that can't meet face to face?

>>18700339
Nice. Thanks. Maybe my future as a good panner in the apocalypse.

>>18700251
Anything worthwhile in Oklahoma? Preferably northeast?

>>18700700
Coronavirus is no more deadly than the flu

>>18700815
The only real interesting for gold in your neck of the woods is in the Wichita Mountains in the southwest, and near to the Arkansas border in the Ouachita Mountains. Its not great for gold.

>>18700289
communism failed
but gold will win
gold always wins

>>18700919
>gold always wins

>>18700936
thats a nice tungsten chair

>>18700087
i want a palladium eagle so bad

Where my gold niggas at?

Trumpbux will be here Friday. What should I buy? Was thinking about 4 sunshine 10 oz bars when they come back on JM, around $19ish an ozt

what portion of your wealth is precious metals, lads? i have 10k rotting in the bank and zero expenses because i can't leave my parents home because the government made it illegal. thinking about buying 2oz of gold

>>18701527
Why did they alter the Walking Liberty reverse like that?

Buy Platinum at these historic lows. Picked up 2oz this past week

>>18702558
5 austrian 1 ducats or half sovereigns

>>18702780
My initial plan was to buy gold but I dont wanna pay the absurd premiums on lower weight and feel silver is the better buy at the moment with near historic gold prices. I have around 56 ozt of silver, and no gold...yet..

>>18702780
these look tempting for $201, .11oz
https://www.providentmetals.com/1-ducat-netherlands-gold-coin-ry-vc.html

>>18702178
How are those Utah gold back dollars looking anon?
>Take holdback bills to the bordello
Your state seems fairly based

>>18702767
I Have pinged ponged on Platinum. My Sovern mint makes them but I have no fucking idea how they are going to function after the accounting

>>18702178

>>18702767
>>18702895
I'm all for holding some platinum, but after getting in solid with gold and silver first. I think platinum has decent realistic moon potential, but I wouldn't go all-in on it either.

just panic bought this 1/4oz and a bit of silver

did I fuck up?

>>18702907
>capsules
>gold

>>18703206
also what's the liquidity on australian coins vs american gold eagles?

>>18703206
no. First buy?

>>18699899
Nothingburger or somethingburger?

>>18703226
anything that's real gold is liquid. ill take a .9999 2020 kangaroo over an AGE every god damn day.
AGE will fetch MAYBE an extra 20-30 on premium

>>18702907
*takes sip of Monster ultra*

now THAT is a gold stack

>>18703241
bought some ASEs and a meme bat last week, so no. In total I'll have 1/4oz gold, 30oz silver, plus a decent coin collection back at my parents'

>>18702867
they're ok, i just got a 20 pack of ones just to have around. not utahan though. but pretty based state to be real.

I bought several ASE's and AGE's. When it comes time to sell, was it stupid of me to buy coins instead of bars? Do I pretty much lose all the extra I paid in premiums for coins?
>yes I'm new to precious metals

dig this up

>>18703224
Makes sense. Gold is a very soft metal, and the Anon wants to prevent them from getting damaged.

Also why the US alloys with copper (making the coins larger, since they still have the stated amount of gold) for the AGEs.

>>18703692
i want to believe but ill be happy if 1oz will end up getting me a basket of bread

>>18703639

Why do any of you even think about selling gold? Just don't understand this mindset desu. I will never sell until 1 oz buys me a literal slave.

>>18703692
So if this is true am I going to get shot in a raid for having some of my own silver?

>>18703868
unexpected expenses

but you should plan for that with fiatbux

>>18703674
pls help

>>18703501
Looks like some kikery to me anon

>>18703957
You're sitting fine anon, nothin to worry about.

>want to withdraw cash to do an in person gold buy
banks have "limited" withdrawls at ATMs and branches during the pandemic
woahhhh.... what are the chances of this kind of thing guys? it really makes me think...

You suck
You lose
Bow to the boomer

>>18703692
I have 2oz of gold and 800+ of silver.

I'm planning to add more gold, but does this mean I should be stacking more silver instead?

>>18703868
Its for extreme circumstances
In my country (Vietnam) its common for families to hoard gold, and until recently it was the nationwide standard to quote large purchases such as property or cars in terms of their gold value.

You can still buy houses and other things easily with just gold but the government really hates it because they want everyone to use their currency even though the inflation is crazy.

Still people store up because history shows it can pay off in an emergency, like when the đồng crashed in the late 70s/80s or when people tried to escape south VN in ‘75

Also few people trust banks as far as they could throw them, so gold and other precious commodities (but mostly gold) are a good way to hedge other investments

>>18704477
I buy gold with bitcoin, and vice versa
Don’t even look at the dollar price
Join the 21st century economy lol

>>18700251
Hey Pan, long time reader, first time replier. I'm in Southern Illinois, right where the glaciers stopped. I've researched panning in this area and found this info:

newspaper story (Peoria-Star Journal, Aug. 6, 1975) reported that, around 1900, small amounts of gold were recovered from a shaft in Bald Knob, a large hill in Union County. There is no evidence to back up the claim, but some of the limestone and chert bedrock in that region may have been silicified by low temperature hydrothermal waters, which might have deposited a little gold. However, tripoli and ganister have been mined in the areas of most intense alteration, and no gold or sulifide mineralization has been found.

An unpublished manuscript by J.E. Lamar (1968) of the Illinois State Geological Survey describes occurrences known at that time. For example, on page 20, item 6 records a reported gold find in Jackson County about 1925. Boulders collected from a field near Carbondale were said to have assayed $25 per ton. No additional gold bearing boulders were found.

I live near both Bald Knob in Union County and Carbondale. Is this worth pursuing further?

>>18704584
1. seller is a boomer who has no idea what bitcoin is
2. to buy any amount of bitcoin you need to go through an exchange, which requires handing over your identity. at which point you get put on a list of potential terrorists dealing in funny money
i hold btc, but only that which i mined or got for goods/services rendered. because it's all untraced, it's too precious for me to let go of

>>18704542
different anon here, just my opinion but Gold is more stable and the superior store of wealth to keep your money safe. It is the first to grow in price but not by a lot and does not fluctuate in price a lot. Silvers value is suppressed and has the superior growth potential to rise quite high in price, usually after Gold. Its better to store your wealth with the goal to grow it.

Its good to buy Silver when the Silver to Gold ratio is high, where it take many ounces of Silver to equal 1 oz of Gold (when Silver is cheap to buy), then when the ratio is low (when Silver sells for a lot) you sell it to convert it into Gold.

Some people think 10% of your stack should be gold and 90% in Silver, or 20/80 or 5/95 or all Silver or all Gold

I think 10/90 is good. New stackers should go all in on Silver until they hit 200 oz or more

>>18704625
>to buy any amount of bitcoin you need to go through an exchange, which requires handing over your identity. at which point you get put on a list of potential terrorists dealing in funny money
There are literally shitloads of exchanges where you don't need to do KYC. Or you could just mine it?
Also 'funny money' lol fuck off George Gammon.

>>18704658
1. i probably have more btc than you since i mined it in 2010
2. mining any worthwhile amount now isn't feasible unless you have an empty factory in china
3. exchanges that don't require KYC sell at a yuge markup
4. the US government could make crypto illegal at any moment rendering it worthless. which will affect me more than it will you. don't worry bro

>>18704625
>funny money
I buy gold with it so how funny is that?
Both the local gold shops and the bullion provider I purchase from in Singapore accept Bitcoin and a few other crypto

Local mom and pop goldstores even list popular crypto on their exchange walls
I sold 3 lượng (a little more than 3 oz) of gold to buy BTC when it dropped below 4,000 and will probably buy more gold with my BTC when it peaks

>>18700219
If the LBMA are accurate, they still have 7553220 kilos of gold. That's a spot price of about 422,289,502,499. About half a trillion dollars.
Assume only half that is actually eligible, that's still about a fifth of a trillion. There are like maybe 3 entities in the world that could get that kind of money together and they're all central banks.

>>18704750
>Both the local gold shops and the bullion provider I purchase from in Singapore accept Bitcoin and a few other crypto
i'm buying it off literally just some guy due to nepotism. i need cash and the whole system is rigged against me. i have money i can't even do anything with because it's illegal to visit the bank due to coronavirus. soon if i leave the house i will be hung by the neck until dead anyway so none of this matters

>>18703226
Any gold is liquid

>>18704477
prevent bank runs. i have the bare minimum for the two automated payments i have. fucking fios and mortgage.

>>18704608
like those reports say, it sounds more like the boulders were brought in by the glaciation and left as the ice retreated. You will likely find fine gold particles in glacial sediments in your area, but nothing of substantial value. It never hurts to look though. Look for the usual signs of placer gold, in oxidized course gravels or boulder clays sitting close to bedrock. Never know until you look.

>>18704759
I think only 5% at best are eligible, most held by private banks in london (and some in new york). The remainder are jealously guarded by central banks then no way those bars are going onto the open market.

>>18704750
USD is the real funny money. You can print it out of thin air and use it to buy food and assets. Pretty soon UBI will be a real thing and everyone will get $2000 in their bank accounts each month.

No one needs to work anymore and groceries will magically appear on shelves at your local store. Isn't that funny?

>>18704477
https://www.cnn.com/2020/03/18/economy/banks-cash-coronavirus/index.html

>>18704477
lel
https://www.youtube.com/watch?v=jdjzIaEDTnw

>>18704750
Based. I need to find a local coin shop that deals in BTC.

>>18705546
man i wanna cop some plat but the premiums are so fucking bad and it means sacrificing buying more silver.

>>18705515
Most asian dealers will accept it
HK and Singapore based ones both do as I know.

>>18702907
I'm gonna cum!

>>18705641

>destroys your stacks

hi guis uwu kyaa~ :0

>>18705732
n-nani!?!?

>>18705732
Don't forget about the asteroid mining

>>18705732
>>18705741
onichan..

>buying 1/4 or 1/2 gold coins
Either save up for a full oz or buy a few 1/10th coins

>>18705756
Dont the 1/10th carry even a greater premium?

>>18705755
oh no no no

>>18705780
Yea but they are easier to sell since more people will buy a cheaper coin than the “middle child” weights

>>18705732
>>18705741
>>18705755
You don't scare me

>>18704638
I agree fren. Buy all the silver you can right now while it's cheap.

>>18699899
>Sold an ounce of Palladium when it spiked to $2.7k
No regrets.

>>18706221
REEEEEEEEEEEEEEEEEEEEE

What do you think of this purchase. Seems like a good way to buy gold. My first real gold buy. It’s Paxg

>>18706682
Sorry for being a nigger in advance

>>18706255
I'm temped to buy platinum proof 2018-2020 set for collector value. They are poor buys for stacking, but I suspect a full set will fetch a pretty penny decades in the future

>>18706747
not a bad idea seeing as platinum and palladium are not getting any new mines any time soon.

>>18706682
I am not so sure i would trust such a setup, seeing as you will likely never actually see the physical bars your told your paying into, but to each their own.

>>18702907
nice

>>18702907
Not mine, but someone waved their e-peen on plebbit recently

>>18706793
You think it's worth it in spite of the brutally high premiums? I'm sitting on ~50oz of silver and ~1/2 oz of gold. I'm tempted to get some plat but at $900/oz it seems like I could nearly double my silver.

>>18700879
what about cali? I refuse to believe the 49ers got it all out. I want a small plot with a river section, which rivers would be the best to investigate in this day and age?

>>18707046
No, I'd get more gold and silver first. I pointed out this set (non-bullion) for collector value and no more
https://catalog.usmint.gov/coins/precious-metal-coins/platinum/

Also platinum and palladium go up in good times and crash in bad times, which is opposite of gold. But at least they don't disappear with inflation

>>18707046
not right away no but if premiums go down i would.

>>18707077
which part of California are you in? The estimates on placer gold recovered since the original 1849 rush are 1.3 billion ounces remaining around california's creeks and gravels, and an unknown amount of hard rock gold remaining as well. I cant tell you where to look without more info, California is a big place, it has 3 major gold belts, with dozens of rivers feeding from them.

>>18707240
shit that came out wrong, cant type for shit on my phone. It should say, estimated remaining gold yet to recover since 1849 is around 1.3 billion ounces for placer.

>>18707261
How about north eastern Washington state? Republic to Kettle Falls, San poi river.

Years ago I did a lot of research on old mines in the area and found a huge number of abandoned but productive mines.

Is is legal to pan on public/state/federal forest land without a claim filed?

>>18706816
*you’re you esl retard but thanks for the input I’ll probably buy more.

>>18707344
>Is is legal to pan on public/state/federal forest land without a claim filed?
yes so long as nobody else has filed a claim on it and it hasn't been removed from prospecting by the federal agency. Both require checking with the local rangers to know for sure.

but in general in the US panning is allowed on public lands that meet those criteria. No permit required. You can't move more than a yard of dirt (which isn't a lot) and you can't use motorized equipment, only a shovel and pan, or in some areas a very small sluice.

>>18707240
southern california mr Pan Man

>>18707240
you ever been to trabuco canyon?

>>18707240
norcal. but I want to get away from the bay area. i am north of Frisco. Sutter country is close enough to me. I'll research the gold belts thanks for the info panman! good to know theres still gold in them thar hills. dream would be to get property with gold and just pan it out for the rest of my days. or dig. wouldnt mind digging. wouldnt even sell the land to a miner. I just want to excavate

>>18700251
How bout Utah, based pan man?

>>18701527
>Silver and Gold Eagles are respectable classics
>Palladium Eagle is swarthy AF
>Platinum Eagle looks like fucking shit
Why?

>>18707472
all the gold in Utah is in Park City or Tintic

stay away from the Rhoades Mine

>>18703692
That anon is onto something, definitely.
It puts all the pieces together.
And a silver-backed dollar really is the only way the US has to counteract a gold-backed yuan/rubble.

>>18707344
>>18707355
>>18707390
>>18707461
>>18707472

Jesus i go to make coffee and you all ask at once give me a bit i ll do some diving into my record stack on Cali.

>>18703914
The gubment controls the mints. They can have 10x your stack in hours. They don't care if a bunch of retards like us have some ounces. It will allow us to have a nice life when this happens but it's an irrelevant quantity for them.

>>18707440
For placer and hard rock, you couldnt have picked a better spot. Excellent placers in boulder / course gravel beds along Trabuco Creek, including nuggets up to 3 ounces found near surface. Now, for the most part the hard rock in the region is all claimed up, but a lot of the creeks in the area are still unstaked. Go ahead and do some test pans but use this site to figure out if anything is claimed your playing on, you do not want to get caught messing with a California mining claim. https://thediggings.com/ I should have posted this site ages ago but couldnt find it, its super handy to look up your local territory's mining info.

>>18707472
This guys right for the most part >>18707503

Most of the gold in Utah was hard rock in quartz stringers in Tintic and Park City, how ever there are a number of placer creeks nearby that you could find interesting material in such as Johnson Creek and Recapture Creeks in the Abajo Mountains, the Colorado river has fine gold, and the Green river as well has fine almost crystalline gold that can be easily panned on shore where magnetite beaches are located.

>>18707344
Ah now those are names I havent heard in a while, Republic did have a lot of very value lode mines nearby, including major finds near the lost town of Old Toroda and numerous other towns. The other guy is right about hand panning, however if you actually stake a claim the regulations are different. this site can help figure out the details, i am not totally up to speed on Washingtons regulations. https://thediggings.com/

>>18707461
I really wish I had found this site again sooner, this will help a lot, https://thediggings.com/

Anons a bullion dealer secured you a 100oz silver mint bar at $2 over spot.

Would you pay with bitcoin or cash. (cash being btc profit in your bank you paid tax on)

If you pay cash you pay tax twice
pay btc and avoid tax but that is about .21btc that could moon soon.

What do?

>>18707705
I would incorporate a shell company for speculating in silver and btc and then write off the tax as an operating expense.

then I would pay myself dividends that are taxed at the dividends or even capital gains rate after any losses and tax paid and storage costs are deducted.

>>18707390
The better mines / placers in southern California are located in the San Gabriel River, which its east fork being the richest and best known for course gold. Unfortunately a large area of this has been turned into fucking parks so you cant legally dig.

Look up the Antelope Valley District, and Kern County as well, there is a lot out there to investigate. If you give me a more shrunk down area to look into i can get more info or guide you better.

>>18707637
Many thanks

I only own some silver I inherited from my grandma, and I have a few K rotting on the bank. How is silver compared to gold when it comes to storing value?

>>18707488
As stated above >>18706747, Platinum Eagle Proof is where it's at
https://www.usmint.gov/news/image-library/american-eagle-platinum-proof-coins

>>18707705
Silver is not taxed where I'm from

Trying to use the usmint site to buy a batboi but I want to use paypal but it wont let me use my funds, instead says it will use my bank funds instead. why?

>>18704565
What if the US was to move to a fish-sauce backed digital dollar?

>>18707836
not sure, but on new accounts Paypal often places a hold on funds from sales for up to 30 days after deposit. I got screwed on that one once

>>18707911
My account is old, never had this happen before. I placed my order anyway and it used my funds. Idk why it bothered to tell me otherwise.

>>18707939
paypal is weird. They've done that to me a couple times, never got an explanation.

>>18707747
sweet. thanks pan man. im around the orange county area so literally just a few miles from the bottom part of the san gabriel river before it leads into the specific ocean

preferably, after searching google images, i would like to avoid places there with people in it like pic related, ideally but am open to exploring anywhere in CA ive been everywhere in this god forsaken commie asshole state

>>18702907
Dam sun

>>18707968
ah man that bedrock looks nice, but yea try to find places with few people, california has gone bonkers when it comes to placer mining in recent years, panning wont get you in trouble but some BLM officers have taken it into their heads that tools like highbankers or even water pumps are "dredges" and try to fine people. Go look up some old maps, go for a drive, find a nice hidden away area and get digging.

>>18703224
Gold comes in capsules when you buy it. You own none don't you?

>>18707968
I am not from Cali, but how bad is the pollution in that river? if its not bad, I suggest getting a snorkel, a bent screw driver and a sniffer bottle. Try creek crawling the bedrock stretches of the creek, looking for nuggets in the cracks underwater. I normally wouldnt suggest this but Cali is way nicer to work in than where I do.

>>18707994
thanks for the info and yea that sounds like a CA park ranger. ive watched some jeff williams videos too as you had recommended (i think) a while back. still learning though...any books you could recommend?

>>18706747
Platinum chads will rule in post virus world.

>>18708113
undoubtedly its bad the farther you get downstream but thats a good idea im sure i could find a decent place for that.

>>18708127
How do you buy a loaf of bread with a platinum coin

>>18708117
Yes in fact I can, these are required reading

>The Gold Panners manual by Garnet Basque
>The Guide to Gold Panning Bill Barlee
>Where to Find Gold in Southern California

there are libraries worth of stuff on this, you just.... have to dig

>>18708139
watch Pioneer Pauly on youtube to become the ultimate creek crawler. Best part about creek crawlin is its not diggin... its SWIMMIN! So your not dredging, not digging, not doing anything they can fine you for!!

Some people are predicting gold will hit 3k next year, thoughts?

>>18708301
if things do not go back to normal economically than yes I can see gold going to $3k an ounce US. A lot of mining companies, investment firms, and traders think this. As more businesses collapse from the lock down, more people will be hoarding what little backup wealth they have in PMs, Au and Ag specifically.

>>18708145
1/10th oz certainly make more sense
Fun fact. The daily wage for a roman legonaire was a 1/10 silver

>>18708443
A day? Month?

I wonder what the average cost of living for various things were in Roman times. Bread, wine, cheese, sandals, your home, horses, dogs, goats, etc.

>>18708301
Adding on to what Anon >>18708330 said, the other driving factor to gold spiking to 3K is what we're seeing now, a severe disconnect between the "spot price" (actually a price on paper for gold delivered sometime 'in the future', one of the kikes' oldest tricks), and what you're paying for the physical metal. This used to be hidden and explained away as "premiums", but Corona-chan and the subsequent worldwide lockdown shuttering the mines has exposed it for what it really is.

Eventually, the normies will finally understand they need to get metals, but by then, the physical price will be far higher than the paper says, likely at or beyond the $3K/ozt level. Problem is, quite a number of them will think to go with the cheapest option (kiked paper), but get screwed and be left as a bagholder for the now-worthless paper gold, which was oversold to begin with.

>>18708443
That may be, but if the argument is that wages tied to silver have been steady throughout history, why then would the US minimum wage be .89375ozt per hour just 56 years ago ($1.25 an hour federal minimum, .715 ozt in $1 of 90% US coins, freshly minted in 1964)?

>>18708443
The standard of living was much lower then though, so you gotta be careful, to live at what we consider reasonable comfort you probably need what an ounce a day buys at least.

Romans were happy enough to eat plain bread, dry sausage and maybe a piece of fruit every day and live in what we'd call a hovel. I get the comparison, but even if you could buy EXACTLY the same shit a Roman legionnaire could tomorrow with a silver dime, tldr you need MOAR

>>18708627
if you were the roman equivalent of middle class, things were not bad at all. The rich land owners had it a lot better like always but even the middle and lower middle classes had things fairly comfy for the era.

>>18708650
Oh I'm sure it was comfy enough for them, but let's get real, most of us are spoiled by our consumer bullshit and would start whining without airconditioning, central heating, internet, smartphones, consumer electronics generally etc.

Obviously if the economy goes into a tailspin we might learn pretty fast to do without, but planning on living on just a silver dime a day sounds... risky.

(Of course in reality the practical thing is always to save as much as possible anyway but I'm just sayin)

>>18708671
I've noticed how little I care about consumerist shit after having been locked up in my house for over a month. I like my airconditioning and warm meals, but that's about it. I do a lot of gardening these days.

>>18708732
>
its honestly amazing how much I ve saved because of the lockdown. Consumerism is cancer but its cancer that keeps me fed so I wont complain to much.

>>18708775
You're an ant making it by selling to the grasshoppers, based PAN MAN. My apologies for missing that the other post I quoted was from you and calling you Anon earlier.

>>18708802
alls good mate i am going to pass out, if anyone else adds to the above comment i normally leave and i miss it this thread i ll probably post replies in the next one.

Gold is already at an ATH but its still going up.

dumb yuropoor here, does anyone knows what europeanmint mean when they say "6 months free storage in estonia"? Does that mean I have to wait 6 months for it to be delivered?

>>18709014
Nope, this means you can have it stored at their vault for this period for free. After 6 months you'd have to pay a fee for storage. But they also offer normal delivery afaik.

>>18709077
Okay thanks, but why is the normal delivery 25€ and the other one free then?

>>18708145
You don't you wait 2 years and buy a bakery.

>>18709104
It lets you get combined shipping for orders made at different times.

if society breaks down your shiny toys have no use if society remains then your shiny toys only have value if you get rid of them so why do you do it?

>>18709213
Oh okay thanks, I'm really dumb

>>18709231
This argument is too black and white. Between modern life and Mad Max world there is a whole spectrum of "broken down" societies that would still value precious metals.

As long as wealthy powerful men and vain women value shiny things which will be forever, there will be a floor of exchange value under which PMs will never fall.

>>18709231
Also even if your own society devolves to a state at which jewellery making is not practical and barter is generally preferred to coinage, if ANY civilized society continues to exist in the world, gold and silver will be prized for its value as a lucrative export.

Imagine your society devolves into some kind of Medieval shithole. There will still be (((metal dealers))) with contacts in other countries who will want gold from you, and everyone will know this and start to value gold and hence begin using it as a currency in the absence of anything else reliable, by default.

It's worth keeping in mind that even at the present moment, fiat only beats metals because you are effectively forbidden from using it as a medium of exchange in preference to banknotes. If you are a (((merchant))) of any kind, a baker, a bookseller, a newspaper stand owner whatever, you cannot refuse to accept paper fiat and so this makes a fool out of anyone who would push customers to offer metals in return for their goods.

This is all speculation, but suppose the tax on PMs was abolished and paper dollars were no longer legal tender. What would happen is that those with particularly desired goods to sell would start getting picky about what they want from customers in exchange. Luxury goods, precious stones and yes metals would be demanded. At first this would only happen with luxury and high-end goods, but eventually it would filter through the entire economy.

Obviously I can't prove that this would happen, but when you consider that A) before the federal government worked to discourage metals they were the favoured currency for centuries and B) the government feels the need to strongly discourage people from using metal as money, you get the strong impression...

>>18709238
Don't worry about it, you can buy a downtrend for a few months then only pay shipping when you're done, nice system.

>>18709257
>>18709316
cope

>>18709231
Westerners have had it too easy for too long
In my country shit HAS hit the fan in living memory, and having gold reserves available for the family made things easier for many

Good night /PMG/

>>18704565
well yes, in absolutely extreme circumstances where you're left with no alternative, it would be acceptable. i'm talking about people on this board who look to sell when their stack appreciates in value. it nullifies the whole point of stacking. i want to be stacked enough to resemble a miniature Medici bank.

>>18709231
Because a dollar devalues while it sits in savings

>>18707240
is there any gold to be panned in the east coast?

>>18708301
this will depend greatly on the value of the USD.
on the one hand we have an unprescendented deflationary force (the entire global economy is disrupted), and on the other hand a huge devaluation of the USD by printing trillions.
USD is still in high demand right now since it's perceived as a safe haven, so gold hasn't mooned yet.

>>18709014
Helpful guys, I just asked them to hold my presale orders and store them and they did it right away.

>>18707789
Silver is more volatile, rises faster and higher and drops faster and lower. Gold is a better store of value but it's good to have some silver because it's a smaller denomination and can be used for small transactions if the need ever arose. Right now the silver/gold ratio is very unbalanced so if your timing is right you can sell your silver when it corrects and buy more gold for your money.

>tfw waiting for the dollar collapse for years while stacking silber coins
It's gonna pay off, r-right guys?

>>18711472
Unless silver has a catastrophic crash or you get robbed, you can't lose by removing your wealth from the financial system.

>>18711569
t-thanks, fren
been real hard with people doubting me with my financial knowledge of how truly fucked this economy is
my parents got rkt back in 2008 and have no inkling of curiosity as to how or why it happened
fuck the fraudulent reserve

>>18711472
Its not like youre really losing money though
If shit doesnt hit the fan you can always sell for fiat

>>18709713
Even for just minor circumstances
Its not like the value declines much or anything, you can always sell it if you want a big cash influx for something
Or just use it as collateral for bank loans

Take their funny money and back it up with your own gold reserve

>>18700251
got anything for texas it seems all the good mining states are a 12 hour drive away

Nothing against poorfags, but what would the ultimate poorfag stack look like?

>>18707488

I think it has to do with how difficult it is to strike platinum and palladium, so the designs have to be simplier and less intricate. Also, after the afro-liberty flop, the mint has no sell-able new ideas.

>>18708127

More like Blyatt-inum

>>18712172

war nickels, lots and lots of war nickels

>>18711569
It's backed by an ETF just like Oil was with WTI.
You can say it's different all you want, but if that contract goes to $-37, I can assure you silver will get obliterated as premiums become $30. Makes your "Store of value" no more reliable than the dollar is. At least the dollar has a trillion dollar military behind it, and every other currency on a dirty float to it. Where, may I add, all foreign debt is denominated in. The value of the dollar will always be #1.

>>18712301
I was thinking that kek.

>>18712314
>The value of the dollar will always be #1.
until it isn't

Not precisely PM-related but ill ask anyway
anyone use a decent program to track PM values?
I am looking for a website (or terminal program for Linux) that can real-time compare the following assets:

Gold, Silver, Platinum vs CDN
Gold, Silver, Platinum vs various stonks

Gold vs Silver
Gold vs Platinum
Platinum vs Silver

>>18709735
which part of the east coast, there is gold in both Carolina's, Texas, Maryland, and many others, got to be more specific

>>18713016
I heard the only place to find more than a couple of milligrams of gold in Maryland was down around Great Falls and it's illegal to pan there.

>>18713016
Different anon but I'm in South Carolina

>>18712154
there are by rekoning 2 gold belts that produce sporadic finds for gold in Texas. Try the Llano River, a tributary of the Colorado. There are about a dozen small hard rock gold mineralization areas but I cant locate the map that showed where the two best were, I would head west towards Arizona if I were looking for hard rock ore. Placers are just as sporadic but they do exist. Do a bit of googling, you might be surprised what appears.

>>18712172
Going deep in copper

>>18713115
I ve seen the name Great Falls pop up before in my research but I was unaware it was illegal to dig there. Also yes, most of Marylands gold comes from glaciation, however there are hard rock deposits as well that feed into the Potomac river as well.

>>18713127
Try any waterway near the Haile Gold mine near Great Falls. There are several hard rock mines in the Carolina's, they triggered the US's first great gold rush in fact.

Search for a deep oxidized red silt or gravel, sitting on a cement like clay bed several feet from the surface. It carries by all accounts a very large amount of fine gold dust, likely weathered from nearby ore deposits. This layer appears in both North and South Carolina but I am unsure where to best look, start your own research from here.

>>18713310
fuck i need coffee its Kershaw not Great Falls

>>18712301
What's a war nickel?

>>18713423
nickel from revolutinary war in 1800s usa

>>18713423

Between 1943-1945 all nickels were make of 35% silver alloy to free up more nickel for the war effort.

>>18713525
Clown, all numismatists know the first nickel was produced during the civil war.

>>18707968
STOP POSTING PEDOPHILE IMAGES

>>18703692
wtf this is bullish af, i too am finding it weird JPMorgan hoard the biggest silver stack ever doing nothing with it for 10 years, it's clearly not their way of doing things.

>>18700610
>cast
retard detected

Should I buy this?

>>18713166
I have done a bit of research Llano river seems to be the best pick.

>>18709405
Cope

Cheers to the guy who posted about TMAC Resources the other day

>>18714896

compare that to the premium on 100 silver rounds or 100 ASEs

>>18709405
Seething and low IQ.

my DSLV and DGLD looking good today bros. finally learning how to hedge like a bigboi

>>18716574
explain

>>18716730
He's using a leveraged inverse ETF to short gold & silver spot price. Very dangerous to do.

>>18707390
Hey Anon I’m also from SoCal. Want to go gold hunting together?

Anyone figure out a capsule to fit the 5 oz bat bois yet? I got the JM one it's too small like other's posted, I'd rather have a bigger capsule it's slightly loose in desu...maybe 80mm?

>>18700251
Thoughts on prospecting a dry creek bed in WA state in a volcanic basalt area?

>>18702907
Beautiful stack! How long did it take to accumulate all that?

What do people think about the gold/silver ratio in the coming months/years? I'm hoping for below 1:60 atleast so I can sell my silver to get more gold.

>>18716089
what are ASEs

>>18713423
>>18714036
Just be aware: the only nickels that are 'War Nickels' have the mint mark above Monticello. There are nickels from 1943 that are non-silver, and even Philadelphia put their mint mark above the dome on the silver ones. Pic related for where to look.

You may also find a 1944 nickel with only the small mark to the right of the building. This is a counterfeit (the 'Henning Nickel'), but a popular one that's still valuable to numismatists.

>>18717932
american silver eagle

>>18717989
thanks

>>18717849
where would the creek bed be? Just because the bedrocks volcanic means there will be gold there. If its in a known gold belt, do the standard search methods, look in bedrock cracks, boulder patches, pan under tree roots. If its totally dry try the magnet methods, use a rare earth magnet on a stick and poke around in the soil, looking for heavy metals that attach. focus on areas with oxidized gravels as well. Hope these help, for more info try this book https://www.amazon.com/Finding-Gold-Desert-Drywashing-Prospecting-ebook/dp/B005OS3MSA

>>18713016
virginia

>>18699899
do you guys think this is the end of the USD? how will they jew us again?

what's the most premium % you would buy silver coins at?

>Your order has shipped!

Feeling a bit hype for my first silver lads.

>>18718193
Creek bed is in the columbia basin roughly 500ft elevation
It's always been dry as long as I can remember, even in the wettest times. Obviously I have no experience prospecting. Thanks for all your help.

>>18704759
> that's still about a fifth of a trillion. There are like maybe 3 entities in the world that could get that kind of money together and they're all central banks.

>what is 100x leverage?

>>18707789
>How is silver compared to gold when it comes to storing value?

Not great. Silver demand has a strong industrial component so in times of economic decline the demand also drops, which is the opposite of what you want in a hedge. Gold demand is more independent of economic conditions.

>>18718750
but the 115:1 ratio though...

>>18708443
depends on the period the solider was employed

>>18700251
Georgia? Tennesee/ Alabama?

>>18718195
Ok Virginia has a Gold Pyrite belt that stretches quite a distance, and feeds many creeks with placer gold. Here are a few.

>Dan River has fine gold and small nuggets found in the usual bedrock
>Willis River has had small gold rushes in the past and very course quartz gold nuggets found in several places (up to a 9 pound nugget!)
>Rapidan River small gold
>Rappahannock River small gold and platinum flakes
>Potomac River fine gold

I can go into further detail but there is a lot of info, heres a link to a site with some simplified info https://raregoldnuggets.com/?p=6010

>>18718958
thank you

>>18707035
that's minimum 800k of gold...

>>18718793
IMHO the ratio was higher historically because silver had utility as a daily currency. That made silver more valuable.

Silver is still a store of value, but it still has to compete with gold, without the advantage of being a better day-to-day currency.

>>18718956
Georgia
>look up areas around the Nantahala national forest, there are several gold / gem mining locations centered nearby as well as two abandoned gold quartz mines

Tennesee
>There is gold in stream sediments but its likely very fine and in similar formations to those found in the Carolina's
>a large number of gem mines are located just north of Atlanta, sapphires, rubies and emeralds by the looks of it.

Alabama
>there were two hard rock gold quartz mines located near Alexander City in the 1870s but little to no info on placers in the area. Hard to say, you should look for old claim maps of the state and see what pops up. Try local museum archives.

>>18718235
pls reply

>>18718536
wouldnt happen to be within the scab lands territory?

>>18718235

10-20 percent is a steal
20-30 is common
30 or more is highway robbery

>>18700251
Assuming there is nowhere to pan here in Florida, any beaches you would recommend metal detecting on?

>>18717236
>>18716730
no, i'm betting on a short-term pullback in gold to $1600-1650 before it ramps to $1800+, and silver to $12-14 before it spikes above $17. this will yield me a small shekel gain which i will use to directly buy more mining stocks or PMs. Gold will be $2500-3000 by end of year but it's not going to go up in a straight vertical line. Silver will be $50-100 by end of this year and early next year. Already a disconnect in spot and physical price, as well as supply.

It isn't very dangerous because if mines start coming back online and we return to normal then production will resume, causing a psychological belief that supply will go up and spot prices should go down. It's somewhat dangerous in case supply is already tight even if mines operate at full speed.

In general, I no longer want to go "all in" because I've been wrong so many times in my 20's. Now I'm in my 30s feel like I need to do things different by hedging, and only sell when I'm up. thanks for reading my persona blog.

t. someone who got btfo in 2007-2010 even though I started shorting real estate related shit in 2007-2008 but was too early.

>>18714896
That's a great price considering most of the premiums out there.

>>18718956
Georgia was and still is the largest gold producer in the eastern US. It had a large gold rush, and enough gold was found there that the US established a mint in Georgia.

I have this book on how and where to hunt nuggets in Georgia, it's pretty freakin informative. My only problem is I don't live anywhere near there.

>>18719198
Unfortunately your out of luck, in fact I am pretty sure Florida is the only state that has had no sign of natural produced gold ever located.... However your beach detecting options are better! I would look into local metal detecting groups, they will have more info than me on the subject.

>>18719235
now thats a handy book i should look up for my archive

>>18719198
>>18719271
I've detected Florida.

the gulf coast is the best because a couple Spanish treasure fleets went down right near there. Keys are good too. But even the eastern coast produces Spanish treasure on occasion. Freakin Spaniards dropped billions of dollars in gold and silver off of florida, and it shows up all the time. Usually silver, and after a storm is the best time to hunt, but it shows up all the time.

>>18719298
it's phenomenal. I've found the info useful on fossil placers all over the place. And it's just a great read.

>>18718219
>how will they jew us again?

gun confiscations paired with bullion confiscations, starting with people who own too many guns or the big semi-autos, and people who owe back taxes or are suspected of hiding assets. it will all be done under the guise of homeland security, fema, anti-hoarding. expect all of this to start with a false flag, and they'll spend 2 weeks covering the perp and show that he wrote some gay manifesto that includes a rant about sound money and ron paul. this creates pre-text for search and seizure. the gov knows there's a high correlation between people who hoard PMs and gun ownership. it's a two birds one stone thing. i recommend anyone worried about this to get out of major cities. but even if you live in a cabin in the woods they'll still find you somehow *if* you attract their attention and leave a trail to your new location.

i just want to be left alone, i don't even have a gun and i don't have much in the way of PMs. others on /biz/ have stacks 1000x bigger than mine. they'll continue to fuck the middle and working class simply through more taxes and stealth inflation. food will be 30% more expensive by winter 2020. i only plan to get a gun to hunt deer and ideally live in some place near a stream so i can pan for gold. i would live off of the deer jerky, organs, etc. and pan. i'll be like ted but without the insanity and desire to influence society. fuck society, fuck humanity (in general) because they truly are all NPCs. look at their slavish obedience and instant belief in the covid hoax.

>>18719175
damn, even the sketchiest sites in my country are +40% premium, doesn't seem worth it then

>>18719377
>i'll be like ted but without the insanity
I have bad news, fren

>>18705732
>>18705741
>>18705755


big brain wave here boys, you do have a "fake gold/silver" decoy stack for your actual precious metals right?
What happens if someone gets violent with you, I really hope you have decoy small safe with fake jewelry, fake cash money and fake gold/silver to hand to whatever peabrain is trying to rob you of the good stuff, am I the only one?

>>18719137
I refuse to pay over $20/ozt for any generic round or bars considering where spot is. There's no way in hell I'd dish out $10 premiums on ASEs either. I bought a batboy just for novelty but I would never make that a regular purchasing practice

>>18719377
Buy a .22, a 12 gauge, AR15, and some kind of double stack 9mm handgun

>>18719754
hilariously I do have a bag of those fake gold nuggets you can buy on alibaba ready for something like this. To the untrained eye they look real enough, but any person whos actually worked with gold will know the difference.

My backyard just finally started thawing out, I totally forgot about this pile of gold pyrite ore from last year. I should get crushing this stuff, the other 10 gallon bucket paid my fuel bill last year.

>>18719754
this is next-level forward planning but what if they just kill you after taking the fakes. a lot of these home robberies end like that, because of the adrenaline and desire to be a badass outlaw.

>>18719929
yeah best thing is to have fakes AND some weapons for self defense. ideally set an electronic perimeter that goes off if someone crosses it at night, then you have time to react.

>>18720125
silicosis

>>18720071
based, I envy you, actually going out into nature and finding the precious metals in the natural state, in all the different types of ores and learning the geography and being out in the middle of the wilderness.

Do you think there exists land in Alaska/Canada that no human has stepped foot on that might contain nuggets of gold just sitting on the surface similar to the gold rush out in San Francisco area?
Do you think in other remote wilderness places outside of US/Canada like maybe in remote parts of Chile/Argentina/Siberia/West China/Turkemistan area?
What do you think about Antarctica, the parts that are not iced over, and what of the theories of underground rivers that flow below longstanding glaciers as agents of gold particle collection?
Oh also Greenland and areas around Northern Canada? Seems like soo much wilderness left to explore and find good ores in...

>>18720231
There are for sure places where man has not stepped before still out there. The further north you go, the less people have ever been there in general. If I didn't have such a phobia of extreme cold, I would go to the far reaches of Canada's arctic islands to prospect. One of my mentors, a man by the name of Bam did mineral exploration past Baffin island in the 1950s, and he believes that there are insane mineral deposits never ever explored just waiting up there.

I am sure there are amazing placers under Antarctica as well, but were never going to get at them unless the ice all leaves. Greenlands seen an explosion of placer finds over the last 3 years, discovery channel had a tv show about a crew of guys who went and checked out placers on Greenland and their government got mad worried about a gold rush happening.

I myself have stepped on top of high mountains in the Stikine, and Atlin districts that I believe I was the first man to be on in maybe 2000 years or longer. There is still so much to find out in the world, we just have to look.

>>18719055
>>18719055
I have some doubts about the story of silver and gold's consistent buying power for generations. i think they always had value but whether or not they bought the same thing ....

"What is A Wealth Cycle?" - Mike Maloney
https://youtu.be/l-knwwD-PZc

>>18719213
Based blog, I appreciate it.

I'm pretty averse to leveraged ETFs now after trying to short the stock market a few months early & getting rekt using one.

Do you use stop losses on yours? What duration do you intend to hold it for?

Some more ore, this stuffs got very high silver content (53GPT Ag) and not bad free mill gold (1.3OPT Au). Too bad the vein wasnt longer, just cut off 2 or 3 ft from surface.

>>18717343
San Diego here and yes.

>>18720921
what gear do u recommend as an affordable starter kit for a total noob who wants to try their hand at panning some local streams?

>>18699899
i hope things dont go to shit too fast
just started stacking

>>18719271
>>18719335
Good to know. Until then I'll keep prospecting at old people estate sales

I got this gem and another just like it for $400 total. >MELT< price for just one of them is 60, and this is nearly mint state

>>18721060
I am going to start putting this in my starting comment every thread as its quite simple

> Garret Super Sluice pan
>Sucker or Sniffer Bottle found at your local pharmacy or sold at panning shops on line
>Basic shovel / Pick
>a crack cleaning tool like a bent screw driver
>a set of spoons to clean small holes out
>garden gloves if your working in sharp bedrock

this is all you need, if your going to go bigger, there are dozens of websites selling different kit that you eventually learn about.

>>18721137
not bad find at all!

>>18721137
Great find! Those old Indians are usually worth more than the liberty heads

USPS what the FUCKKKK

>The delivery status of your item has not been updated as of April 26, 2020, 1:10 am. We apologize that it may arrive later than expected.

Ordered from JM Bullion, did some mail worker fuck me over or what

>>18721180
>ID: fk me

>>18721180
is it out for delivery? I get that sometimes if a signature is required and I don't answer the door.

>>18721259
Status did say out to delivery the other day, but then it switched to "Alert". I'm in an apartment complex, wonder if they tried to give it to the main office but couldn't because it was closed. Fuck

You like?

>>18721283
yeah, sounds like something went wrong at the door. They'll get it to you eventually. They either keep trying or drop you a note to pick it up at the post office.

>>18721147
Thanks for always cruising these threads pan man, I enjoy reading your posts.
What do you think of the show gold rush? How "real" is it?
I'm in south east Pennsylvania, so I've just accepted that hobby panning isn't realistic here.

>>18721285
>roman coin
Badass anon

>>18721283
Go to the post office and pick it up

>>18721398
The gold they find is real but the drama is all bullshit. They have massive repair teams and parts containers on site for break downs and a huge part of their expenses are paid for by discovery channel. I ve chatted with Parker a few times at trade shows, as well as Tony Beets, they seem like cool people but wouldnt work for them.

Dakota Fred and his son Dustin do my kind of digging so I prefer watching them than those massive operations on gold rush, the one exception being Tony's dredges, those are amazing.

>>18721411
Thanks

>>18707903
>What if the US was to move to a fish-sauce backed digital dollar?
Because of the federal governments love for deficit spending fort knox would ultimately end up full of watered down barrels of fish sauce. Nothing would change.

Either that or barrels of fish sauce full of tungsten if the rumors are to be beleived.

bought 1/4 eagle today for 505 did i fuck up?

>>18721467
Yeah, bringing back dredges from 70 years in the grave was a ballsy move, considering the effort and cost. If gold really goes to 3k+ it's going to make him seem like a genius, will basically double their profit at no extra expense (really all gold miners). God I would love to have a bowl of fine gold to run my hand through.....

>>18721534
Not really. Quarter oz gold seems to be staying around $500, probably will stay there for a little while.

>>18709684
>In my country shit HAS hit the fan in living memory, and having gold reserves available for the family made things easier for many

Bosnia?
https://personalliberty.com/one-year-in-hell/

>>18721162
>>18721170
It's a bit of an obsession, also a bit of a side hustle for a while now. I buy old coins at yard sales in bulk and then sell them off in "grab bags" on ebay as well as my own site.

https://www.zerohedge.com/markets/physical-gold-premiums-soar-highest-crimean-conflict-congressman-questions-comex

>This whole debacle and the COMEX changing rules for delivery prompted representative Alex Mooney (R-WV) - who has ostensibly continued where former Representative Ron Paul (R-TX) left off - to raise questions with the CFTC about his growing concerns about delivery defaults in gold and silver.

Wonder if this will get anywhere... not holding my breath but...

>>18700251
IL?? pan man plz

>>18721180
>>18721208
kek

>>18721862
sorry my man no gold, in hard rock or placer of any major value. However there is silver / lead that has produced a small amount of byproduct gold, so you never know. Could be no ones ever thought to check.

>>18721285
Let's get a better pic of that denarius anon

>>18721581
it really is the best feeling in the world, finishing off a cleanup with the boys all standing around you, looking in awe at a half full gold pan of nuggety yellow metal.

>>18699899
silvers been way too quiet recently

>>18721906
wheres the silver? I imagine its not super lucrative?

thank you great pan man

>>18722076
there are very small amounts of anomalous placer gold that appears in glacial clay several feet from the surface. Its a blue gray color with rust in it. For silver look in Upper Mississippi Valley Zinc-Lead District, its a by product of lead mining.

>>18721285
>>18721919
How much do these cost? I want one for each of the seven nerva antonine emperors

>>18719213
>i'm betting on a short-term pullback in gold to $1600-1650 before it ramps to $1800+,
>Now I'm in my 30s feel like I need to do things different by hedging,
>hedging

Not to be a dick, but how are you hedging your bet? I assume you are waiting to buy in (because you see a short term pullback) but what do you have if the price continues up? A smart hedge might be to DCA in just in case.

>>18721919
>>18722313
I will take a better picture of my Roman coin when I am home. Just went out to get some buffalo wild wings Asian zing. That coin of mine was 120 I think. An old man in his coin shop once told me "if the world collected Roman coins like it did collect other certain things, these ancient things wouldn't be hundreds of dollars, but thousands".

Roman coins are HIGHLY underrated coins and because few people collect them, the very nice ones you can find are very cheap.

WHAT ARE THE BEST CANADIAN GOLD MINING STOCKS TO INVEST IN RIGHT NOW

>>18699899
https://www.youtube.com/watch?v=5IM4FJGp7W8

I listen to Peter Schiff every day.

>>18702178
Gold backs are a waste of money
Prove me wrong. I want to be

>>18723023
I only got them as a novelty. IT would be retarded to stack them.

>>18722787
Pretivm is doing great
Tech is always a good investment
Kirkland Lake Gold Ltd.

>>18721952
Pan Man, can I come pan with you?

>>18720613
late reply but in case you're still here:
yeah leverage ETFs are risky and best to hold positions in them for only 1-5 days. however, in rare cases they pump for longer than that on multi-day big moves, and sustain a high price.

i plan to take profit and get out by end of April or first of March if everything goes my way. 2 charts show both are topping out. basically risk/reward is no longer good to go long gold or miners since they've already been pumping and news is priced in. so if i'm right, now i just sit back and wait for the powers that be drop the price of gold back down again. a term zerohedge likes to use is "monkey hammer". also keep in mind that the price of gold is carefully controlled:
https://en.wikipedia.org/wiki/Gold_fixing

>>18723023
they contain the stated value in gold,

so,
All you'd need to do is take a few hundred of them and dunk them in a bucket ($3) full of RODI water (.$0.12) and 6% sodium cyanide ($0.08) until dissolved. Then precipitate with zinc shavings ($0.02), filter through 3 filter papers ($0.15), burn with propane flame ($0.05), and anneal with the hydraulic press of your choice.

you'd need a few hundred of them, but for a couple bux you can turn them into a tiny little lump of pure gold. Cheap and easy to refine.

if you happen to have a cyanide electrobath it's even easier.

>>18721137
big brain move but as with all things, depends on luck and willingness to wake up early, drive, sort through dusty old stuff.

As requested, front

>>18723225
Back

>>18723153
If you can find me than you can come pan with me. I am waiting on my drilling permits from the government. If I get those, I am going testing my hard rock claim set in Northern BC.

If I dont, I am running off to the middle of no where to go hand mining again.

>>18723242
Damn I'd kill for you to film your journey and put it on youtube.

>>18723188
problem is getting the cyanide in todays world is a pain in the ass.

>>18721952
How much is that worth roughly in that pan? How long did that take for you to get?

>>18723263
I really should do that, but the thing is, I like my privacy too. Maybe I should call up Pauly this summer and see if he wants to do anything, I ve been meaning to head to vancouver island again too.

Just ordered a batboy. It costs a little bit less than I make in a day of backbreaking labor. Cant wait to hold it. I told my brother I ordered it and he looked concerned. I told him it's just a memento for the coronavirus. One day he'll understand

>>18723266
nah it's super easy. I have a recycling company and I can buy all I want. Just need to show an industrial use for it.

but if you can't do that I can tell you how to make it using sodium ferrocyanide and sunlight.

>>18723299
Yeah that would be cool. Hell, anything that you would be comfortable enough to do, really. Even cleaning through the pan. People love that kinda stuff

>>18723278
that i want to say was from 10 buckets prospecting a section of Lighting Creek in the Cariboo. I think I got 5 grams that day just fucking around testing. I actually ended up dropping that claim because the access was so piss poor, anyone here want a map? it was good ground just a massive pain in the butt to get to.

>>18723319
nah, i ll stick to mercury with a retort. Cyanide just seems to easy to fuck up with.

>>18723370
I'm the same, it's just cheaper for destroying goldbacks. Mercury is legit getting hard to find.

sucks that our three main processes are all deadly poisons and two are precursors to explosives. But you can get mercury, cyanide, or nitric as easy as I can.

>>18723351
5 grams. Nice hah.

>>18721534
what cuntry are you in, i would say you might've fucked up if you're in the usa, because the 9999 1/4 oz is available now on JMB for $468 and not that long of a wait:
https://www.jmbullion.com/1-4-oz-australian-gold-kangaroo-varied/

>>18723390
yea I am using the same mercury that some old timers used in the 50s. Got an old style vessel of it at a garage sale years ago and just keep reusing it. Also, yea it really sucks that the main ways to dissolve gold is also super toxic.

>>18723299
If you're ever in Victoria I'll pick up your tab for some stories

>>18723433
I have a question for you then.

I also amalgamate, and I've read both that mercury only adsorbs gold, while other authors suggest that mercury dissolves gold. I'm curious what your thoughts are on that. Personally I don't think it dissolves gold because an amalgam made with chunky gold comes out chunky in the chamois and in the retort. But I don't know for sure. I know mercury dissolves copper and aluminum. Not sure on gold.

thoughts?

>>18723433
Damn now I want to watch old timey videos of the gold rush. I wonder what the reactions of the men who discovered that California was so damn rich in gold.

>>18723476
those were my ancestors. Literally and directly.

they didn't say a word. They quietly picked and panned and sluiced for almost a year before anyone noticed what they were doing. Then they moved back to Utah with the other Mormons.

>>18723476
>Peter pan
>pan man
>all it takes is faith, trust, and a little bit of gold dust.

>>18723499
I wonder how much they made haha. I bet they tried to work as fast as an underground meth lab fucking kek

>>18723531
they donated 80lbs of gold to the Mormon church in 1848. They made a shitload I'd guess.

>>18723517
oh fug
time to scoot back to /x/

if anyone is interested in gazing at charts, check out palladium chart and compare it to the cotton bubble of 2010-2011.

>>18723473
I ve noticed the same with my milling work. when I load ore with chunky vein gold in it the mercury bonds to the fragments and if you look at it through a hand lens you can see the mercury attacking the gold, converting the material to amalgam. I am not sure if mercury dissolves copper, I ve used copper plates to recover micro particles of mercury from my tailings but yes it will attack and destroy aluminum, its why its not allowed on aircraft. I have several books on precious metal refining and they say it converts to amalgam, while others say it only absorbs. strange.

>>18723582
seems to be an open question among chemists and engineers.

thanks for your insight, we have the same results.

>>18723531
lets put it this way, one gravel bar on the Fraser river in 1863 produced 20,000 ounces that was recorded. Hundreds of thousands of ounces were never recorded due to the government gold tax at the time of 15%.

Some of the famous workings in California produced double that. Just fucking imagine walking down a creek, looking at the bedrock, and seeing hundreds of ounces just sitting their in the sun.

>>18723546
80 fucking pounds. Holy SHIT

>>18723114
I missed the boom the past month.
What are ones that haven't mooned yet?

How high are gold stocks going to go?

>>18723617
what a freaking sight that must've been...is there any information on what the majority of the gold was converted into? Did it just disperse into various projects or vanish into private collections or was the gold rush able to create the government's ability to provide gold coins?

New Thread

>>18723627
>>18723627
>>18723627

>>18723651
i have no idea how high there going to go, if we get $3k an ounce gold the guys at Pretivm are going to all die of heart attacks.

>>18722609
Where are some good places to buy roman silver coins? I would fucking love to start collecting.

>>18723225
Thats fukkin nice.

>>18723663
one last answer before new thread, most was converted to bullion when it went through commerce. people used gold dust and nuggets for currency for years until physical money because popular as communities grew. Some of it ended back up back at the bottom of the ocean, when SS Central America sank in a storm carrying 10 tonnes of gold back to new york.

>>18719225
I want one of these bois.

>>18723694
Believe it or not, ebay has many well known sellers and as long as you verify the serial numbers on the official websites out there, you're all good.

>>18723749
>as long as you verify the serial numbers on the official website

I'm assuming you mean what ever company verified, graded and mounted the coin in its holder?

>>18723531
>>18723617
The first strike was made by Mormons working at Sutter's Kingdom or Sutter's Mill more specifically. They were veterans of the Mormon battalion that fought in the Mexican American war and settled down in cali working for Sutter because he claimed his ranch as independent land from Mexico.

so these Mormons were working on digging a mill trace for Sutter, and noticed gold on the timbers of the mill trace after they laid them. They told Sutter who gave them permission to quietly start collecting. All together they probably hauled off about a ton of gold in the 6-8 months for the word to spread and the gold rush to really get going. Then they headed back to Utah to meet up with the rest of the Mormons.

the Mormons originally planned on settling California, not Utah, but the gold rush destroyed that plan. The returning Mormons from cali donated their gold to the church. The church needed the money so they packaged gold into small envelopes and this circulated in place of coins for a while. Later that year the Mormon church minted their own gold coins, which are now quite valuable, and were probably made from California gold.

rumors swirled up that the gold that my family and others donated actually came from the Uintah mountains in Utah, and the story of the Lost Rhoades Gold Mine in Utah got started.

but yeah. Just gold all over the creek bottoms from they way they tell it. They had their kids and wives out there every day picking nuggets out of the dirt and dropping them in jars. Incredibly rich. The land at Sutter's Mill still bears my family's name, Rhoades Corner.

>>18723824
I am willing to bet it was way over a tonne, maybe 3 or 4. People cant comprehend how valuable some of those creeks were before they were worked.

>>18723887
You're probably right. No records kept either. It was insane.

>>18712006

This is the key. Stocks can go to 0. Gold/silver cannot, and have not in the past 5000 years.