/biz/ - Business & Finance

Old thread
>>18699899

>>18723627
does anyone want to buy 20-100 ASEs from me for 25/oz? we can work out details in discord

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.

Your basic tools
>shovel / pick, spoons, gold pan and sniffer bottle.

Handy links
https://thediggings.com/
https://howtofindgoldnuggets.com/

The fuck is going on with prices right now??? Everything just dropped at the same time.

>>18723877
big company or investment bank probably sold off some physical or someones fucking with the computers again.

Just got one of these today.

>>18723700
Sell it on r/pmsforsale

>>18723877
It's all bullshit. Physical demand is sky high. Dealers are getting cleared out so fast.

>>18723744
ever find mercury in your pan?

I know a spot where a dredge sank with 700 lbs of mercury and we still pan mercury/gold amalgam off the bedrock 100 years later.

>>18724004
Based. I've just started stacking Austria Gold 1 Ducats. Low premiums & 0.11 Oz each so I don't need to make big transactions.

>>18724136
the mercury your probably finding was used in rocker boxes with mercury traps or from men not knowing how to pan with mercury and loosing it. That mercury from the dredge probably hasnt moved more than a few meters since, its incredibly dense horrible substance. Often when I am creek crawling on famous creeks in BC, I ll find a peanut butter like paste of gray mercury amalgam stuck in cracks or in gravels. I ll usually use a tiny back pack dredge to clean that shit up, its horrible for the environment and its loaded with gold.

I am sure the mercury in the sluices of the dredge is still probably loaded as well if its still out there.

>>18724201
they refloated the dredge but the mercury was lost. I've only dug at the site of the sinking. It's all of 12 feet to bedrock so it's not hard to find. Plenty of free mercury though. That's where most of mine came from. I only have a couple pounds though.

>>18723877
i fucking wish

>>18723627
congrats OP the silver in your pic will never be worth more then spot

>>18724316
keep gathering up all that mercury. there is a lot of gold often stuck in it, and your helping clean up a century old mess.

>>18724500
It's not my pic faggot I just like the little miner guy

>>18724500
t. cotton glove sperg

>>18724545
i actually don't own a pair, i want some but i need to pay off my credit card before the bums charge me interest lol

>>18724500
The fuck are you talking about, none of that in the pic is collectible or anything

I am thinking about doing a purchase later this week or next. I kinda wanna get a little bit more gold but was also thinking atleast 15-20 ASEs, the rest in the minted meme coins or foreign coins. What kinda things do people like, say if I was willing to drop 100-150 USD?

>>18724688
anon use this site
https://findbullionprices.com/closest-to-spot/
it also has gold prices. but just get what ever you think is the best deal, it tends to change daily

These coins are kinda funny.

The face value is so much higher than the metal in the coins that these will almost certainly never get melted down.

They're basically the fiat banknote of coins.

https://www.muenzeoesterreich.at/eng/produkte/10-euro-copper-coins

made my first silver purchase today
I'm so excited to hold it

>>18724841
>500 years from now anons will be finding those copper coins in the ground thinking we actually used them as currency when in reality every we do use gets destroyed and remade on a regular basis

>>18724865
good for you mate keep stacking!

>>18723744
I live in central FL...
I would happily spend my time doing this if it was viable in the slightest. Is it?

>>18724865
They're more dense and heavier than you expect. Also, more attractive and more-ish.
Even granted ridiculous premiums, prepare to save more money than you ever have in your life, especially if you get into the habit of buying coins that you are emotionally attached to and couldn't bear to sell.

For me, this is almost becoming a conscious strategy: if I bought too many bars, generic rounds or even too much of the same easily replaceable coin like ASEs, I would be tempted to sell in the event of the slightest hit to my finances.

Whereas when most of your coins are unique you'd almost literally live in a cardboard box on the street before you'd dream of selling.

I just spend $1700 cad on gold mining stocks

How well are these going to do?

I'm used to investing in crypto, so these probably won't 10x or whatever, or will they?

as a beginner stacker, what would be the better buy with my trumpbucks? putting aside 700 for metals, should I go with a bunch of silver or buy a golden eagle?

You all got some AL DENTE metals, friends. I respect that.

>>18724969
The premiums on gold are brutal. 700 might be enough to get you a 1/4oz, but personally I find 1/4 and 1/2oz gold coins to be an awkward size.

Either save another $1,000 to get a nice big 1oz gold coin, OR buy a 1/10oz gold and put the rest into silver.

>>18724915
sorry buddy, like I told the last Floridian, there is 0 gold of natural sources in your state. However, look into metal detecting if your still interested in looking for gold, as hundreds of ships were lost carrying gold off the coast.

>>18724785
I am not super concerned with prices, I am expecting 25-30 dollars per ASE. And the others I am just trying to think about what might be fun to have around.

>>18724988
yeah that's what I was thinking myself. Those austrian ducats look amazing and I'd love to have one

>>18724969
imo wait, i just can't see demand for silver holding once everyone goes back to work, even if it is just temporary until the next wave of Wu-Flu
when you can get silver eagles for less then $20/oz do it

>>18724969
>>18724988

I think you can get 1/4 oz gold for around 500 or so. But it is really what you feel comfortable with, at 700 you can easily get over 20 silver eagles, or three 10 oz silver bars-ish.

>>18724841
Are those legal currency? Could you use them in a store to annoy the fuck out of Euro-wagies?

>>18724995
One way you can avoid massive premiums and still have fun is by buying all the different 1oz silver coins from the big mints. Collect them like Pokémon cards almost, get an ASE, get a Chinese panda, get all those Perth mint animals... a lot of them only go for a little bit over spot, too. Also, Austrian Philharmonics look lovely and are the cheapest new 1oz silver coins around at least where I am.

Also, Constitutional silver is fucking awesome. Not so cheap anymore sadly, but still close-ish to spot, Ron Paul sheds a manly tear when you buy some and Kennedy smiles down on you from heaven, you can fuck around with them in a way you can't with new coins because they're already gnarled and old, they look like pirate treasure, they're a piece of American history. ALSO newly minted 1/10oz of silver pieces are ridiculously expensive, while old silver dimes are really affordable.

>>18725085

>>18725085
YES.png

I mean in a way, they're actually pretty cheap, even if strict anti-fiat types would say you're getting robbed.

You're getting the same value in a fiat banknote for 100 euro BUT it's also got nice artwork and is durable in a way that paper obviously isn't.

>>18723744
Anything in San Diego, ca?

>>18724918
nice
Yep, I wonder how my behaviors will change. Up until now my wealth has always been primarily a number on a screen. I have a cousin who separated from the family to go live in his dad's homestate for a while and then he came back a completely different person. He now owns an undisclosed amount of silver and he owns guns and property. It's a pretty big deal, considering his history with partying and poverty and a total lack of education. I admire his success.
I bought the 5oz american samoa "batboy" because of memes. A perfect souvenir for these times. I told my brother I ordered it and he looked concerned, because he thinks only paranoid people stack precious metals. Well, I'm not saying that I'm not paranoid, but I explained to him that the biggest appeal to me is to actually hold my wealth in my hand and say "this cost one day of labor"

>>18724993
that sounds fun too...

>>18725096
Oh I have got a few different coins. I was buying constitutionals for a bit, never liked the Kennedy's for some reason, may pick up some if I see any. I generally try to stick to 1 oz, before it was govt minted or bars.

>>18724142
how much do you typically pay?

>>18725147
Batbois are undoubtedly expensive for what they are. I would not buy more than one or maybe two of them if you really love them. I like the design, the meme and the ridiculous weight of them too, but that premium is insane and even though they are almost certainly going to be somewhat collectible, you can't guarantee they are going to be worth buying a huge stack of them or anything.

Still going to buy a single frostyboi just because.

will Britannia bars ever be worth it? I've wanted one since I laid eyes upon it but the premium is just too much. what are some other good Waifu pieces?

>>18725182
>frostyboi
wats that
I knew I was overpaying but I figured it was a nice first purchase regardless. I'll probably be talking with my cousin soon and checking some shops once businesses reopen

>>18725135
several hundred thousand reported ounces of gold have come from placers and hard rock mining in and around San Diego county. Most of the gold has come from lode deposits, with ore relatively close to the surface, a rich oxidized decomposed quartz that carries large free mill gold.

notable areas include
>Boulder Creek mining district
>San Diego River
>Cuyamaca District, Deer Park and Pine Valley districts.

Placer does exist in the area but due to the dry conditions and limited water only a hand full of placer creeks were mined to their full potential.

this link has more info https://www.goldrushnuggets.com/goprnesandic.html

Happy Hunting!

>>18725168
Just picked some up for $205 each from JM bullion. Premium is low compared to anything else in that weight class.

>>18725218
The American Samoa 5oz silver quarter sold on the US Mint website has a "frosted" finish, compared to the version sold at dealers, which is shiny.

>>18725293
oh, neat

>>18723744
Im living in Vietnam now and have been out to the gold region in the highlands here
Just talking to locals they say there is buttloads of gold sitting out there in these highland streams, just its in the middle of thick jungle and a pain to get through. One guy showed me a nugget he found that was as big as my toe

Some time ago a big corporate operation cut through the forest and set up two major gold mines, they were mining huge amounts of gold until they had to shut down due to ridiculous government taxes

Now because this region has been cleared out of jungle thousands of locals and illegal chinese miners are rushing there to grab what they can

Still makes me think about what ‘ive heard, that the mountains are still crawling with gold that no one has touched since few people go that deep into the jungle.

>>18725278
Just picked one up on your info. Thanks anon

>>18725478
I really wish you guys would destroy your shitty communist government.

>>18725478
is it course nugget gold or gold dust the miners are catching with mercury? IE is it sold blobs of gold or does it look like loads of little crystals all stuck together. I had heard the Chinese were illegally mining in Vietnam and Cambodia but didnt know anything major happening.

>>18725244
>>18725135
>be san diego anon
>drive 1 hour out to boulder creek mining district and cuyamaca
>spend 12 hours digging and furiously panning for gold
>13tj hour
>still nuffin
>working by moonlight and a headlamp
>finally, a glistening gold nugget
>hear commotion behind you
>multiple SUVs pull up
>it's the Barona(tm) tribal police
>they have guns drawn
>order you to get face down
>you are still clutching the nugget
>tears in your eyes
>no time to hide it
>sudden move and they shoot
>they grab the nugget out of your hand
>"well welll well, look what this pale face found on our land."

>>18725663
ah now that sucks, i did not know it was native territory or i wouldn't have put it on the list fuck.

doesn't show any boundary's on google earth either unless i am missing something.

general question: how is the formation of gold sometimes correlated with glaciers, and other times with volcanic activity? also, if gold is so rare and valuable why is it in existence in various parts of the world, for example vietnam and san diego. i had no idea of the possibility of gold in san diego.

>>18725733
i have no idea what i'm talking about, according to this map it looks outside the bounds of the tribal lands: https://www.mindat.org/loc-208643.html

>>18725743
Ok, its all to do with geology.

Basically Gold is down under the crust at the contact of the mantle in a brine fluid with other metals. This brine works its way up into rocks a 25-40 km below the surface. each time a fault opens the pressure shoots this brine into the faults and generates ore veins. These than take moments or centuries to cool into ore that than with mountain building are exposed to the surface and weather into creeks or surface soil.
Gold and other precious metals can be associated with volcanic activity, but its a lot more nuanced than just volcano = gold.

If glaciation happens, the mountains the gold and other metals are locked in are ground down, and the gold is deposited by streams under the ice into channels where it remains after the ice leaves.

Its even odder if you get into how nuggets form, many times, they basically grow in the near surface rock near ore bodies.

>>18725782
also good job finding Mindat, thats a handy site for this sort of thing.

>>18725547
Mostly the government cracks down hard on ANY illegal told mining
But pretty much all gold mining is illegal here, or at least its in a grey area and the government can just confiscate everything if they feel like it.
This is the main reason why PM mining has been so slow to develop here
In Laos and Myanmmar the Chinese have massive ops set up and are pulling loads of gold out of the hills
I imagine here is the same

As for the quality Ive no seen it myself, from what I’ve heard its mostly coarse small grain gold, but lots of it.
This guy who had a big nugget had it on display as a sort of trophy, the rest he said he melts down into bars so he can sell it as if it is “legal” government gold

Premiums here are so fucked up buying State gold so many people don't care about doing it illegally.

>>18725743
In Vietnam it is due to past volcanic activity and not glaciers
There are a lot of hotspots along the Annamite range, but few have been developed due to harsh terrain, political issues, and due to the fact that these highlands are all “native territory” which leads to even more trouble.

The government is too pigheaded and would rather import fucktons of gold than just mine the huge amount under their feet, this is 100% because if they import they maintain total control of the gold market.

>>18725833
very very interesting... my favorite form of mining.... semi legit / totally fucking illegal. What sort of gear are they using? Pans? sluices? is it mostly placer creek gold or hard rock mining? I am always interested in learning how other parts of the world do it.

>>18725870
are the natives doing any mining? also thats typical of any communist government. they dont want the population wealthy enough to start thinking outside of peasant life.

>>18725888
Depends on how organized they are
The chinese have big dredges and they wash away large areas into nearby reservoirs where workers pan
Some smaller operations just dig bore holes and every grandmum goes down tot he river to pan for gold washing down as leftovers from the operations upstream.

This all is in the area of a large proven gold mine which went bust due to tax/political reasons and not for lack of any gold.
What entices me more is the possibility of more gold that hasn’t been officially identified yet.
The stories of old guys wandering out to the woods for a week and making a little bamboo sluice then coming home with pockets full of gold makes my mouth water.
I just don’t want to end up in a 1m square cage in Hanoi if I ever got caught.

Anyone else watching the price of gold/silver/plat/palladium drop like an absolute rock rn?

>>18725970
ok so mostly placer, and there just using wooden sluices and pans... I smell an opportunity ... through bribery to outfit these miners with modern gear.

>>18725906
By natives I mean the local tribals, these are a different group entirely from the Vietnamese
in the War they called them the Montagnards and they don’t have any problem with killing people who try to take what they feel is theirs (like panning the wring creek)
The local viets love gold more than any people I’ve seen so they go mad the instant anyone gets word of a big strike.
The main issue is the government as always, technically panning is not illegal, but its not legal either
Any sort of digging requires a ton of permits and other certifications which many just ignore. Its often cheaper to bribe someone than pay the insane government taxes

Mostly its the Chinese who run big grey or black market mining here since if they get in trouble they can cry to Beijing and likely go home.
Me I’d like to try panning next time I go out to the central highlands.
Back in my home country I hobby panned a lot so I have a bit of experience.

>>18726018
meh it will go back up, PMs do this a lot.

>>18726018
where are you getting live charts. not surprised about Pall it is still very high. i'm on trading view.

>>18725663
>tribal police
lmao just sneeze on them

man, look at these energetic old boomers go:
https://www.youtube.com/watch?v=_BvIEUOQnV0

puts me and other millelinials/zoomers to shame.

>>18726050
build yourself a little backpack sluice, it will be much more effective than panning on its own. Use thick carpet as a mat to catch the gold, and use wood 3/4 inch pieces to make riffles. use this as a template.

>>18726116
thats not bad for 2 hours.

>>18725906
from what i have seen with gems mostly small family based groups and the odd investor backed group no machinery aloud but you see pumps and excavators in places theres 51 different types of natives and they all hate each other and will hate you if you talk to others first and they tend to hord the good stuff untill they can get to a major city and find a broker or there sponsor and get a price they decide on as a family/group
>>18726050
this
vietnam was communist light to me

>>18724965
can I get a reply to this pls?

>>18726153
yea thats normal.

>>18726086
Jusst have 10 tabs of different retailers open rofl. It's really interesting to see how much their prices vary by.
>>18726051
I'm really new to all this but I've been hoping for a dip to buy more. Maybe I shouldnt bother and just buy what I've been eying.

>>18726118
I’ve considered just making a bamboo one on site like the locals do
I don’t want to call much attention if I was going to do something like this

>>18726161
gold miners go up and down with metal prices and a lot of other factors. Good choices all around though, there all healthy companies with good properties and they pay dividends.

>>18726184
true but how effective are those sluices? They could be loosing tons of fine gold and not know it.

>>18726161
the only one I would be cautious of is Barrick as they keep getting sued by different groups / people for doing all sorts of illegal shit. One of these days there actions will bite them in the ass and it will take their investors money with them.

>>18726187
cool thanks
I've been following Peter Schiff and I'm hoping they go up like crazy

>>18726243
thanks for the advice

>>18726205
No idea honestly
Really I just need to see it for myself first, maybe if I can convince someone to take me along so I can get a feel for it

I’m a bit timid when it comes to going innawoods here, there are still tigers and jaguars about which will drag you off into the bush, not to mention snakes and centipedes as big as your arm

>>18726309
This video shows the sort of sluices they use here
https://youtu.be/lqhvSoq4aa4

>>18726322
very interesting they use the same tools as the miners in central and south america. primitive but it works.

>>18726322
I seriously think someone could make a killing supplying these guys with modern gear, like highbankers and small trammels, modern sluice matting too.

>>18726397
You could, the Chinese do, huge gold and gem markets in yunnan are funded by SEA grey or black market mining operations
But the risk is getting thrown in a horrid little prison for years. Plenty of white guys go out here and prospect though, especially Aussies here. It doesn't cost much to set up a small jungle operation
If you can get your machinery up there if can big big returns.

>>18726118
Hello Pan Man, firstly I appreciate your posts and have bene seeing your posts for a long time now. I live in an area surrounded by mountains. I know for a fact there is gold, silver, copper, beryllium, germanium... it's polymetallic. I bought a copy of research to do with the area and it seems there is literally everything here. It's been mined since before Roman time too. For the last 20 years nothing has been going on though and it's not because they ran out it's all political. It's all rocky ground. On the mountain there are a number or natural springs that go all year round even when it's negative 40 out. There are rivers coming off the mountain but they are all large as fuck and I'd like to not die exploring them. The banks are smooth peddles and boulders after the snow melt. There are a few small lacks up on the mountains with extremely step shores. I suppose, what do I need to find out or where should I be looking for easy to get to gold?

>>18726469
start with looking for places like bedrock in the creeks that feed the main river. Bedrock is solid, continuous rock in the creek bed, if there is gold you will find it there, trapped in cracks filled with gravel.

Look for these signs
>rust colored course gravels mixed with boulders in the river banks
>moss in the water line of the creek, pan here
>deep cracks filled with large river stones and gravel where the river is highest in spring

pan in these areas and you should be able to find something. I have no idea where you are, italy? germany? austria?

>>18726554
Romania. I talked with a foreign geologist that worked here in the 80's for a few years and he said this is the most amazing place he's ever visited – it's the most diverse and has huge quantities of everything mixed together is a very small area. He said he knows of no other place of Earth like it and there is nothing comparable. I spoke with him well after the fact about 10 years ago.

Should I just copy Schiff?

>>18723744
Hello PAN MAN I really appreciate what you have been doing for /PMG/.

I live in Southern California and want to try my hand at prospecting in Los Padres National Forrest. Any tips or old maps you have come across for this area or others nearby?

>>18726829
Is that real? If it is it looks like he really sits the fence. It's not hard to to find someone to allocate 5% to each gold/mining stock.

>>18723877
the spread between physical and paper gold is large and increasing.
people think the stock market is going to recover (biggest company earnings this week), and so are less hedged towards risk.
we should be after this week is done if we get a V recovery or not...

I'm at around 57 ozt silver. Started stacking beginning of March. Trump bucks come tomorrow. VA pension comes Friday. My plan for now is to try and get to 200-250 ozt as quickly as possible. Then start working on gold, hoping premiums have come down for smaller sizes by then. Does this sound good?

>>18726814
Yes Romania is a very interesting geologic anomaly, some day i ll have to do a tour of eastern Europe and see what i can find.
>>18726831
There is a lot to look at in there, have a look on https://thediggings.com/ for where the active placer claims are, there seem to be a lot towards the top of the park by Ventucopa and a bunch near the Bertrum lode as well. Loads more hard rock and placer claims out towards Taft in the desert as well. Do some snooping, just dont claim jump if you dont have to.

>>18726925
that makes a lot of sense. are theyre normally dips around the 1st of the month too because of rent/mortgage payments?

>>18726928
how do you know trumpbucks come tomorrow? you filed paper? I did the same and im pissed i havent received mine!

>>18726976
https://sa.www4.irs.gov/irfof-wmsp/notice;jsessionid=2sZcB24iTkCDF-63DAUWi7mE.26

>>18726955
Thanks, that site is really great. My other question is if I do find a good spot, is it easier to claim a closed claim or make my own?

Here’s the cheapest high grade gold you can buy with fiat ... <$25CDN / 43-101 Oz in the ground.... in production. TMAC Resources (TMR: TSX, TMMFF:OTC). https://ceo.ca/tmr.... read up there

>>18727022
always work the ground to the best of your abilities before staking, as soon as you stake new ground, someone will stake next to you. You want your find to stay quiet as long as possible. Its considered a dick move to stake right up next to someone without informing your neighbor first.

>>18725096
Constitutional is great fun, and if you're eagle-eyed, you can even add to that stack in your day-to-day business.

Pic related shows what I've managed to pick up for free since January 1 this year, just out of one Coinstar machine. All you have to do is be willing to check the coin return and around the machine when you pass by one. Silver coins (except war nickels) weigh outside of spec for the machine, and thus get kicked out (CoinStar machines are very picky about what they'll accept, and will kick coins back out for the slightest reason).

>>18725150
Constitutional with the modern appearance (Rosies, Washingtons, 64 Kennedys) can be good or bad, depending on your stacking purposes.
They're newer, and thus have higher silver content due to less wear, but could also be mistaken for the clad/fiat versions and rejected by the bottom half of the bell curve should they ever be needed for trade in a post-hyperinflation economy. It's easier to be able to get people to understand "old design == silver" than it is to get them to understand "before 1965 == silver", since the latter requires them to pay attention.

>>18726829
are they who I should be investing in because im sitting on money idk what to do with

>>18727076
these guys have a very interesting property there in Hope Bay. There in production and its mostly surface with underground as well.

>>18727103
i would invest in a few of those companies, B2Gold is doing well, Agnico Eagle Fortuna Silver, Osisko Gold Royalties and Pretium Resources are all excellent companies to put money into. Do not touch Barrick, not with a ten foot pole.

>>18727022
fuck forgot this link it comes in handy https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/locatable-minerals/mining-claims/staking-a-claim

>>18727155
I see barrick mentioned a lot though

>>18727197
yea, because there profitable, however they are constantly embroiled in legal issues with other countries and rights groups. Groups working for them or under orders from Barrick have done the following.

>political assassinations
>paid militants to destabilize regions
>environmental vandalism out of shear laziness
>constant bribery

The list goes on. They do terrible things all over the world and do it while using investor money. Some day there going to get hit with charges they cant shake and its going to take peoples money down with them.

>>18727078
Thanks for the tip, the area im looking at has only closed claims on it and around it. Now I just need to get my ass up there and find some gooooold

>>18723627
>buying meme-metal
>not collecting bottlecaps

>>18727279
also this just happened
https://www.mining.com/papua-new-guinea-snatches-barrick-golds-porgera-mine/

>>18727172
Thanks, another question I got is if I find someones old stake on a closed claim and want to stake my own, do I leave the their old stake or just keep it there?

>>18727363
i think the rules apply differently per state, look up the regs for california, but i am pretty sure you leave the claim post or cairn and add your claim info to it. Your basically superseding the abandoned claim. Double check how that works though i am not 100% up to date on your regs like i am on mine.

>>18727410
Thanks Ill look more into it, really appreciate your help.

>>18727306
Even in the fallout word people used gold
The NCR dollar was gold backed until the brotherhood irradiated their gold supply

>>18727563
>(((brotherhood)))

>>18727082
>just out of one Coinstar machine
you lucky bastard

>>18727279
blood gold coins when?

finally got my 2x tens from GSM, a month and a week later

>>18724985
New here, what does al dente mean in this context?

>>18727082
How do I check a coin star machine? Wouldnt coins it doesnt accept be locked away or pour out for the owner to take them back?

I never used on of them so idk

>>18727717
Retail front-end manager, our Coinstar has two bins, one for accepted tender and one for rejects. Both are locked up inside the door.

>>18727690
you ever make spaghetti before guy

>>18727767
so no one can check, lame

>>18727781
Yes, I know what al dente means as far as spaghetti goes

>>18727717
Don't listen to Anon >>18727767
There's a space at about knee height where rejected coins fall to. All you do when you go by is look there. It's like checking the coin return in a vending machine.

Because CoinStar (the company) has to be extra careful about how it does business, since it handles money, after all, the machines are made very sensitive and there is no internal reject bin. These machines would rather reject a coin than fail to count it if it's American clad, or accidentally take something foreign and worthless.

Because of the previous, silver dimes, quarters and half dollar coins get rejected due to their weight, since silver is a denser metal than copper.

Taking all the above into account, what will usually happen is a customer will dump their change, and then one of the two following situations will occur:

1) the customer walks out without even checking the reject tray. this is when you'll find random fiat change (save to buy silver). If they happened to have a silver coin in their dump, it'll be in there too.

2) Even if the customer feeds the rejects back in, the silver and other foreign coins will keep getting kicked out. Eventually, everything in the tray will get rejected, and if it looks like a bunch of foreign, they'll just leave it behind, and silver will likely be in the mix.
This situation provides the somewhat-common scenario of walking up and finding just a silver Roosevelt dime (rarely a Merc) in the reject tray.

>>18726829
this is what I am more or less doing

>>18727321
>>18727279
okay I'll sell my shares but can I get a source on some of the things you're saying?
especially on the paid militants and assassinations
if it's from some leftist blog it's probably false

>>18727970
I open the coinstar machine every night when I reconcile our revenue for the day but go off

>>18728119
>>18727321
>>18727279
Nevermind I looked it up on my own.
They're pretty fucked up and it's insane they haven't been investigated by Canadian authorities.
Selling my shares today.

>>18723627
I remember that Rudolph special. If not for the creepy lighting it would've been perfect. Cornelius was a Christmas-saving chad and deserved to appear in more specials with his yeti slave.

>>18728132
See, I don't think you're talking about the same kind of machine.

The one I'm discussing is pic related, and it kicks coins out for almost any reason.

>>18724142
Virgin Austrian vs Chad Prussian

>>18723627
SIL-VAARRR!

>>18724841
Why not just get 1 KG in copper straight away for 5€ for your local junkyard?

How likely is it to unknowingly buy counterfeit constitutional silver? I've heard no denomination is safe now from the Chinese menace.

can someone explain why this cost of living correlation exists?

>>18730228
because gold is real money

>>18730353

>>18730367
im not wrong desu

>>18728746
I imagine those Wilhems aren't anywhere near spot.

Since most here are US fags we all know about silver dimes. But what about EU fags? What is your countries' equivalent?
I found these after looking through some old coins my parents kept.
They are escudos (shields), the previous currency before the Euro. They are 65% silver and stopped being silver in 1955 or so.
If you are a non US fag and have an equivalent post em

>>18730789
Based, the ships are pretty kino as well, especially combined with the Med writing. 8/10 would look for.

>>18730228

>>18730789
In Hungary we have the 5 Pengő from 1930.
25g .640, meaning 16g pure silver in each.
That's about 1/2 oz in freedom units.

Still millions around, you can get them in worn condition for about 3200 Ft, which is less than 10 USD.

>>18731384

>>18731745
Who is that on the coin?

hey peeëmgee, rate my purchase

>>18730789
wtf, the 25 tostões coins have silver in them? Because my grandma keeps an insane amount of those coins at home. From 2002 to today, she keeps saying that the euro is a stupid idea and that the Escudo is going to come back any day

>>18731745
Seems like a pretty good deal, do you accumulate them or do you use normal modern bullion?

>>18731831
based
>>18731828
Miklós Horthy, regent of Hungary between the two world wars

>>18731898
Its very little, i think they are about 7g at 65% silver. Thats why i put a brittania for scale.
Its the only ones that have silver in them i think, most are alpaca and nickel.
Until 1916 alot of them had silver and from 1932 to 1955 only the 2,5 and 5 has silver, the bigger one on the pic is a 5 escudo one.

>>18731989
65% is a lot if you had a hoard of enough of them.

>>18731900
I am actually accumulating a different one, the 200 Forint from 1992-1993-1994. No real pics, cause I rolled up the ones I have.

They are the cheapest possible in here:
12g 0.500 fine, so 6g for 1000 Ft.
which i about 1/5 oz for 3 USD.

>>18730418
spot is meaningless
>spot is meaningless
spot is meaningless
>spot is meaningless

>>18723627
The fucking usmint is taking over two weeks to send me my shit REEEEEEEE

>>18732900
I thought they were shutdown? Did they just re-open?

>>18732919
THEY WHAT?

>>18732955
Covfefe-19, bro. Mints were shutdown around the world.

>>18732988
FUCKING KIKES REEEEEE

>>18732900
kek. when people realize most silver listings are actually pre-order

Gold Futures:
does this look unusual to anyone:
https://www.cmegroup.com/trading/metals/precious/gold.html

>>18724142
restrikes though.. does that matter?

>50oz silver
>1/2 oz gold
>2oz platinum

Acquired this in a month after selling alot of shit around the house.
>sold elliptical
>sold weight bench and weights
>sold 3 guns
>trumpbux

I wanted to get trusted minted coins. Now im going to pivot to bulk silver as close to spot as possible.

>>18723744
I live by a place called Silver Mines in the Ozark mountains in Missouri. PRetty cool area to hike and swim.. any suggestions in regards to panning or minerals??

>>18733721
>Silver Mines Recreation Area is named for the abandoned “Einstein Mine”, which was mined for Silver, Tungsten and Lead. The Einstein Silver Mining Company began mining in 1877, and mining ceased completely in 1946. The 2-mile long Silver Mines Trail follows both sides of the St. Francois River.

>>18729804
I like the designs on copper rounds. I collect the Bitcoin ones.

>>18723627
Where do I find cheap silver granulates?
I want to get some silver melted down and casted into a specific object of my choosing.
Europe please.

>>18724024
This is good advice, but are there any other good sites for buying and selling peer to peer?

>>18733578
Restrikes are essentially authorized counterfeits. They'll take a historic coin, re-create the dies, and stamp new planchets with the new dies on new machines. Better quality, but still a replica.

The restrike I'm most familiar with is the Maria Theresa Thaler, bearing the date 1780, but could easily have been struck in 1980. If you're paying anything more than average physical price, you're getting jewed.

>>18734020
https://shop.norddeutsche-edelmetall.de/produkt-kategorie/technische-metalle/granalien-aus-gold-oder-silber/

or

https://www.edelmetall-handel.de/silber/silbergranulat.html

I am not sure whether they do ship abroad or only within Germany since as the websites do not have any information about that.

>>18730789
In France we have Hercules, 10 or 50 Francs, 25 or 30g, 90% silver

>>18733578
>>18734117
The ducats look cool, but the point is that it's low premium + low price point.

>>18733833
meminer

I made some fresh OC for us boys.

>>18733677
>all that Britshit
>not a single batboi
NGMI

Get on that Bat Boi Hype Train. 2020 a year everyone will remember for the rest of their lives.

>>18734524
(You)

>>18734643
>>18734899
i would buy a batboi if they: (1) had 999 silver or at least an S marked on them and (2) came direct from U.S. mint with COA and box. call me crazy but america the beautiful coins ought to have a premium and come in box + COA to justify the premium. i would not want to buy just a raw coin in some shitty plastic case. even the Germania coins come in plastic and a little COA note, it's not that hard. plus the batboi's design is ugly.

>>18734899
Imagine the boomer rage when they have to pay a 300% premium to complete their set.

>>18734995
(1) they do have .999 silver marked on the side and (2) you can get them from the mint w/ COA and box, but it's $180 for the frosty bois.

>>18734643
The dragon and unicorns are non-existent in US and go for ~$90 each (2oz).

I ordered them through a silver shop in germany for ~$50 each. Only reason they werent sold out is because you have to VPN to make it look like you are in Germany. Your bank/CC throws a shitfit when they see an international transaction coming FROM germany IP.

The amount of hoops I had to go through was more than most are willing or able to do.

But getting an automatic 2x multiplier to value is a good feeling.

Bought 3 dragons and 4 unicorns to complete 3 sets eventually.
Going to give extra unicorn to nieces who are into unicorns.

>>18735056
batbois aren't sold out anymore, they're in stock, do why would boomers not already have it if they are serious collectors

>$180
that's a bit too much m8

are these legit?
https://www.gainesvillecoins.com/10-oz-mason-mint-silver-bar-999-fine/dd/1860

lowest price per ounce i've seen on any of these sites. why are they so much lower?

>>18733721
Try sniping around the exposed bedrock in creeks. If there is anything interesting it will show up in pans.

The silver ore in that region is a blue gray sulfide alloy called galena. It appears in all sorts of situations but it's fairly brittle.

Silver Maples or Krugerrands?

>>18735227
Probably because of how late they'll ship it ? Pretty good prices on that site.

>>18735830
Krugerrands are really cool. I prefer the gold ones but even the new silver ones are pretty awesome. I bought a 1oz gold Krugerrand from Apmex with the random year choice, and I was pleasantly surprised to get an Apartheid-era one from 1984.

>buy silver from retail store with 30% premium
>silver goes up 60%
>sell silver to retail store with 30% discount
>profit

Wow, sure am glad I dropped all that money on a 100 oz bar a month ago. You were right as always, I can buy a house now.

>>18735913
I agree, something very appealing about them. Monument has a nice deal on silver krugs right now @ just over $20
https://monumentmetals.com/2020-south-africa-1-oz-silver-krugerrand-bu.html

>>18735913
Yeah Krugs are great, got two random gold ones from 1975. Think i'll get a tube of silver Krugerrands and a tube of silver philharmonikers plus some meme coins.

>>18735227
Every time I see gainesville mentioned on silverbugs there is a LOT of negative responses..

>250 ounces silver
is this enough to make it? all I can get right now

>>18735913
I don't like the idea of funding the South African government, though. If you've been paying attention, they're trying to be Zimbabwe 2: Electric Boogaloo.

>stock price go up
>puts get more expensive
???

>>18724865
Me too dude :) i think im a life long stacker after this crisis

>>18736054
I've seen some youtubers getting some pieces from gainesville... i'm not worried about the website so much as i'm worried about the mint - who is Mason Mint exactly?

>>18724865
>>18736989
I think there's just something about holding that first silver coin that turns a person into a stacker. Hold a nice chunky 1964 Kennedy half dollar (don't worry, there's MILLIONS of the things, and they even made them dated 1964 into 1965), and understand it's real money. The value in it never went away. That's why you probably had to pay close to $7 for it (or you lucked out and found one in a roll for 50¢).

When total debasement occurred, even the bills had to be changed to show that you couldn't turn them in for silver anymore. If you ever see a 'blue seal' note for cheap, pick one up, and spend time actually reading what's on it.

>>18725010
>once everyone goes back to work

That’s not happening though. There are businesses that will never open up again. There are businesses that will see lower demand for the time being. It will be a decade before we’re at previous employment levels again. Meanwhile the bailouts and QE will continue.

>>18738642
this is what i keep trying to get people to understand where I am. A lot of people are never going back to their old jobs. Were witnessing a total tear down of the small business world.

Really hoping JM gets some Sunshine bars in tomorrow when trump bucks arrive. If not might buy some smaller gold coins

>>18738676
Yeah it's terrible, it almost like they're trying to crush small business. The little guy can't compete with big corporations that have access to unlimited money so they don't fail.

>>18738797
Ducats, my man. Ducats.

>>18738985
They've got 1/4 oz kangaroos on presale. would rather those than ducats desu. They has 1/10th and 1/4 oz eagles earlier but already sold. They've got some 1 oz stuff in too but I can't muster up enough $$$ and would feel better suited spending on silver for the moment

>>18738985
Ya lots of small business are getting the shaft while the government gets to pick and choose who can stay open and who cant.

There is a "We Buy Gold" store down the road from me and the owner told me the cops had him shut down or he would be arrested while the pawn store a few miles away can stay open.

There is a very real possible scenario in the future where when it comes time to liquidate your stack and buy other assets at a discount, there will be few places open to sell and they will leverage their power of being the only store open to take advantage of you.

>>18736551
>I don't like the idea of funding the South African government, though. If you've been paying attention, they're trying to be Zimbabwe 2: Electric Boogaloo.
I didn't think of that. Yeah avoid buying anything from them.

>>18739048
How much are the 1/4 Oz Roos and where?

>>18724865
Started stacking in March, now own about 2 kgs. Stacking is such a comfy hobby.

>>18739947
JM. They're gone now. Damn

G-guys?

Fucking eurofags

>>18740579
o shoot wonder what happened

anyone want to post pics of ancient silver / gold? I am borred stuck in the fucking house waiting for snow to melt and rain to leave, might start ordering ancient coins for shits and giggles. I found a 1 ounce assay bar from the 1860s online that I might buy too.

Also have a stack of gold from Nome in 1906.

>>18740688
checked.
I suppose some IT-related fuckery is going one. Will check back tomorrow but I wouldnt be surprised if they closed for the time being.

>>18740613

Shipping in canada seems to have frozen as well

>>18739947
>>18740486
decent deal on commemoratives
https://bullionexchanges.com/us-mint-gold-5-commem-coin-bu-proof-ry

Hello fellow stackers...

I began stacking in 2015, silver. trying numi bullion first, like kookaburra and stuff.... Then I noticed shit, either I sell to ever more aging boomers that want to complete the collection not understanding that they already had the collection full, or sell back to bullion deale/LCS and they only pay bullion buyback price, no premium on top.....
So I became a closest to spot bullion buyer.... then I noticed that during certain times anything that is not a guv minted coin also gets hosed on the selling side.

I have 700 ounces now and want to buy more if premiums ever go back to normal, otherwise I say I have enough silver.


Now Gold... I bought 10 x1 OZ Goldphilharmonics and 13 20 pesos coins (15g fine gold, 900 pure)..

Why? because I lived in Austria and now in Mexico. Here comes the best part: This shitvirus is shtting everything down and exit roads are closed.

If it gets bad and Ill have to leave for the woods there is no way, because not dilation of me getting the 1 ounce gold into the prison wllet, and the same applies for the silver, as it is just too much..

Lesson learned, do not buy coins bigger than your prison wallet can take.

>>18741030

I bought a Byzantine Solidus last year,

>>18741030
Posted the obverse in the last thread
>>18721919

>>18741805
what a strange poast, sounds like it was bot-generated. dilation? yes please dial 8.

>>18742438
why bot? you try shoving a 1 oz coins up your ass. I¨m being serious here. If you are stacking for shtf scenario dont buy bigger than 1/2 oz.

Yes, premiums are higher, but you can get out of your predicament much more comfortable.

>>18742471
Ducats win again.

>>18742471
1/10 oz is the perfect size for a gold coin
1 oz is just for show, I prefer 1oz bars over coins

>>18741887
thats pretty neat, i wish europes treasure laws werent crazy other wise i would spend time over there metal detecting for stuff like this.

>>18741030

>>18742471
1. why do you live in mexico
2. what race are you
3. what are you even talking about, if shtf you are in mexico and defenseless with gold, silver. you are fine as long as no one knows about your stack and you have supplies. what exactly is the point of your poast? to boast that you had stacked 700 oz and 10+ oz. gold?

>>18741248
Silver gold bull just delivered me 500 oz silver within a week from payment.

>>18738428
lol

>>18742589
o man to be able to get one of those bars would be amazing

>>18742508
>1/10 oz is the perfect size for a gold coin
The smallest I'll go is 20 francs. You get gaped by premiums with the very tiny shit.
>>18742471
>If you are stacking for a shtf scenario dont buy bigger than 1/2 oz.
It's called silver my dude. No one is going to be trading gold for food when shtf.

>>18742626
1. job
2.you want to see my Ariernachweis?
3. I have a small garden and 4 months supply and no I dont give a shit if you envy my stack.

Point of my post (without the a you orthographically challenged faggot) is I¨m giving other anons my main takeaways from my stacking journey, so they dont make the same mistakes.

Buy local government bullion and gold smaller than 1/2 oz

>>18742491
I¨m eyeing on francs, Austro-hungarian Koronas, sovereigns, Vreneli and old marks from the second reich.

>>18742508
1/10, 1/4 and old coins with small premiums around that size

8 grand for a gold coin from a modern ship wreck, what a load of bull shit https://www.austincoins.com/rare-coins/shipwreck-coins.html

>>18742765
the gold is to get out of the country and start somewhere safer new.

day to day until you can get out yes sure silver

About to dump these on some boomers

>>18742881
I’m not paying those premiums but early 1700s Mexican gold coins look pretty neat, and they do appear to be in good condition really

>>18742968
Thanks

I see this doing more to destroy silver stacking than anything else could.

even if you know your coins are real, nobody else will be sure. Can't sell or trade something nobody trusts.

>>18743039
i would never pay that much for a coin, i mean i can totally do it but it would be stupid to do so. I love how they also add like a gram of gold dust as well though.

>>18742968
You disgust me. I don't care if it is boomers, you don't tarnish silver's reputation by selling fakes knowingly.

>>18742589
Damn that's a sick tungsten collection.

>>18743173
if he doesn't, somebody else will.

I deal coins on ebay, so every time I go on facebook the targeted ads show me coins, right?

lately ALL of the facebook ads are Chinese companies selling fake morgans and silver eagles as real. And people actually seem to be buying the fakes. Lots of people. The companies get shut down in an hour or two but they must be selling enough to keep coming back.

then I come over here and look at people's stacks and wonder how much is fake? Or if it's real, how they'd convince a buyer that it's real?

>>18743243

>>18742968
Literally nuke China IRL, why do they have to ruin everything?

should i just get some platinum its cheaper than gold now wtf

>>18742968
problem is, risk reward sucks. knowingly selling fake US coins is probably illegal. eventually they or you will get caught.

>>18743915
very ilegal.. The reason why they created the secret service.

>>18743848
I bought 1 APE just to have some amount of platinum in case it moons, but its long term prospects don't look too good as an industrial metal, and people generally don't see it the same way they see gold or silver. If platinum goes up significantly I'll definitely sell, I don't think it has the kind of potential either gold or silver has. Plus the APE looks like a fucking tranny and I would be delighted to get that shit out of my stack.

>>18742968
Are counterfeits the work of the federal reserve?

>>18743173
>>18743293
>>18743915
>>18744021

>"Ah man, now that you point it out it looks like I got burned. I'll refund your purchase."

Thing is only 1/20 actually check their shit before they put it in their stack

>>18726928
Sounds like a good plan. Noice gat

is it worth it to invest in mercury dimes?

>>18744076
How do they check it?

How did people historically protect themselves from counterfeits?

Ausfag here

Gonna buy 10 bars for this price, worth it?

>>18744123
yeah

>>18744124
Well a few methods you can check your own coins:

>Ping test
Silver has a very specific ring to it, go ahead and test that. You can find the sound all over the internet, it's very different than the sound a clad fake would make
>Neodymium magnet
If you slide one across a silver coin, it should slide off somewhat slowly. So not entirely attracted, but also not so attracted it sticks. See gif related. No it's not slowed down.
>caliper
Check to make sure your coin/round is the proper diameter/thickness.
>rim
This one is an instant spot. If the coin has a reeded edge and shouldnt, for example, you know immediately that its counterfeit.
>Weight
Probably the most common check. If it's over the official weight, it's 100% counterfeit. If it's only a bit under, then it may be counterfeit. However, some really worn coins can be significantly lighter due to the wear.

PAN MAN is the best thing on 4chan right now

>>18744124
Also
>How did people historically protect themselves from counterfeits?
A lot of genuine gold coins have bite marks in them. In order to test authenticity, people would bite the coin since gold is such a soft metal.

>>18744409
thank you its good to be appreciated

>>18744214
>>18744214
>>18744214
>>18744214
>>18744214
>>18744214

THANK YOU BASED PANMAN

>>18744214
yes, thats a very good price

heres a neat shot most people havent seen.

Back in the 1900s at the Bullion Pit at Likely BC, the mine kept having issues with theft. So the manager said fuck it and had all their bullion shipped each month in these giant bullet shaped ingots. Theft stopped.

>>18745047
How much did those weigh?

>>18745047
i cant remember, but this is one of the small ones, and it took 3 or 4 guys to move them. They would be put on a platform, picked up by a crane, than loaded onto a special truck that would take them to the train station with 4 armed guards.

>>18745047
That's so cool. Was it because it was harder to steal, or like a threat? Or both?

>>18745148
Nigga so it was harder to steal.

>>18745144
Do you know how they cast ingots like that? Did they just dig a big hole in some sand and pour it?

>>18745163
they would smelt the gold into small bars first to get it pure, than they would use a single use crucible to cast the bullet. When it cooled they would just push it over onto the concrete floor and the crucible would shatter.

>>18744214
will have a better buy in price than me and more silver but i have been getting jewed buying from my lcs and i am fine with that

i was born in the premiums molded by it i didn't see the light of spot untill i was but a man and then... it was only blinding

>>18745109
actually just double checked. They did three sizes.

>300 pounds
>600 pounds
>900 pounds

From the records they did 305 of the 600 pound ones over 20 years of digging.

>>18741887
Dam I want a byzantine coin.

>>18744401
all good points. i would chime in and say the magnet test isn't 100% guaranteed, since copper also behaves similarly with magnets. the easiest test i do is dunk the silver half-way in hot water whilst holding the other end, and see how fast the whole bar gets hot. and then see how long the heat stays in the bar. silver is the fastest conductor of heat and electricity. the bar should get hot within seconds. the same wouldn't happen with steel bars. the only problem is, it also doesn't rule out that it's clad with copper interior.

>>18745190
Nice. Do you know how they used to cast ingots in general? I'd assume they use sand, but then you'd get a lot of sand entrapped in the surface of your ingot.

>>18745301
no sand, just big molds and smelting crucibles.

another one, something I have yet to find.... sooner or later I ll find a big fist size nugget....

This 16 ounce nugget came from a crack in the bedrock on Antler creek, at Discovery claim in the 1930s.

>>18745445
Yo Pan, can I get a hug? :3

>>18745490
of course :3

Has anybody boughtthis starter-kit deal ?

https://www.moneymetals.com/radio-check

>>18745668
Whats the actual full price not the employee price? Employee price seems good, 80 bucks for 4 1/2 ounces. Considering the shitty premiums going on.

>>18745703
Checking their stock of the same items the full price is $92.94 + shipping (the deal is free though)

>>18745703
It's only 4 oz.

>>18745668
There are definitely better deals out there. MM seems to have higher than average prices on just about everything.

anyone have experience with Mason Mint? these are the best priced 10oz bars on the market right now
https://www.gainesvillecoins.com/10-oz-mason-mint-silver-bar-999-fine/dd/1860

are these good to go?

>>18746208
I think i remember a few different /PMG/ threads mentioning having issues with Gainesvillecoins but I might be misremembering. anyone else got any idea?

JM has Sunshine silver and some gold in stock lads. Get it before it's gone. Just spent my trump bucks 1 kilo sunshine and a 1/4 oz eagle. My first gold. Was gonna get a 1/4 oz gold maple but it literally sold out while in my cart

frenly reminder we still live in clown reality. look at what they choose to highlight in their top nav bar. this is why i don't really like investing dot com. dude weed, but never dude silver or dude gold, until that day when it's too late.

>>18747129
maybe i'm being paranoid, but wot if, wot if the IRS looks at how you spent your trumpbux. they gave you direct deposit, they have eyes on all accounts, they know you are buying PMs and not food. i am going to jump through extra hoops and pay using money order instead of the bank acct in which they deposit my trumpbux, assuming they deposit it at all.

>>18746208
i have never heard of mason mint before...be careful fren and do your DD just like with any "investment". my opinion is that with silver, you are better off with a dual strategy: get high end beautifully designed coins and bars from reputable mints, AND accumulate lots of silver through purchase of 10 oz, 100 gram, and kilo bars. but i personally would not want to buy a 10 oz silvertowne or a 10 oz. "mason mint" bar.

coins/bars i like, and with justified high premium: germania, perth bars, britannia bar, st. george slaying dragon....the 5 germanias i bought are now sold out and going for higher than what i paid. premiums and spot prices are a meme. if you pick the right coins with great designs, they will increase in value above and beyond fake and gay spot price.

i've stopped buying sunshine mints because even those get faked. to the point where they had to come up with a decoder lens. that's the big risk in general, especially if you don't buy from the most reputable dealers.

>>18746208
price is what you pay, value is what you get. i would rather get a 10 oz. bar from scottsdale:
https://www.scottsdalemint.com/product/10-oz-scottsdale-stacker-silver-bar/

MADE IN USA

>>18747290
Well desu I used my CC, ONLY because it put me at my spending point of receiving a $200 cash gift. The price difference between using my CC and ACH was $35, so I pulled the trigger to get the $200. And even if I did use my bank account the IRS doesn't have access to my statements. It doesnt work like that. There are also no conditions on the stimulus. So yes I think you're being slightly paranoid, but rightly so as the IRS is illegitimate from the get go.

>>18747405
oh smart move, have at it then senpairino

>>18747456
Will do. Trumpbucks put me up to 88 ozt silver and 1/4oz gold. Beginning of March was my first purchase so I'm building a nice stack quickly

stop buying silver.

>>18747577

>>18747335
scottsdale stackers are nice but sunshine 10oz are cheaper and silver is silver when it comes time to sell. they're just gona give you spot anyway unless you're selling desirable coins

>>18747577
I'm officially done.
For real this time.
I got 6oz of 40% half dollars to add to the stack of 2011 koalas on the way and then another purchase inspired by an annon here.
My first Gold buy.
Hope it doesn't take a dive. Still kicking myself for not buying before Gold hit a grand wayyyy back but I had little capital,an addiction, plenty of cynicism and little credentials.
Now I'm ready to learn.

Litecoin seems undervalued but I never bought crypto. Thinking of trying it.

>>18727082
Damn, that Coinstar machine must be in buttfuck nowhere

>>18723627
Started buying 1/4 oz gold pieces earlier in the month. Why are silver premiums over spot so high compared to it? Is it from the price barrier dampening demand?

Paper market continuing to show cracks.

>Scotiabank to close its metals business - sources

https://www.reuters.com/article/us-metals-bank-of-nova-scotia-exclusive-idUSKCN22A2ZC

>>18748113
>Paper market continuing to show cracks.
Literally what deluded silver&gold retards have been saying for years and years.
Get real, it'll never decouple

>>18748113
How is this bad for paper fiat?

>>18748140
Scotia was the 3rd largest market maker providing liquidity behind JP Morgan and HSBC.

>>18748097
>Why are silver premiums over spot so high compared to it? Is it from the price barrier dampening demand?

The spot price is mainly dictated by the paper silver ETF market, which people are mass liquidating to finance their businesses (or just their personal finances) due to the Corona virus screwing up the economy. At the same time people are rushing into the physical silver market due to the panic of an economic depression, causing severe shortages in the real world supplies of silver. These retardo premiums over spot are just more reflective of the actual price, as now we're in a situation where there's a price disconnect of the paper market vs. the physical market.

>>18748140
>>18748192
Paper derivatives of metal not fiat currency.

>>18748192
why are they getting out of metals? is it because all that fractional gold bullshit i.e., it is too risky because the gold on paper doesn't match the actual physical gold in circulation?

>>18748239
Read the tweet here:
>>18748192

>>18748193
sooo then at what price per oz should I start feeling stupid? should I wait a few weeks and let panic-buyers start selling off their stuff cheaper?

>>18748463
I really can't answer that question, no one knows for certain what the future is going to bring in the coming months. I will say that even factoring in the extreme premiums, the actual end price you're going to be paying for silver isn't all that terrible from historical prices.

If you already have an little emergency stack prepared for an economic collapse (20+ ounces) I wouldn't feel compelled to buy more. If own zero silver it might be a good idea to at least get a little now, if for no other reason as a long term safety hold. We could see a lot of price fluctuations in the coming months in both directions so it's usually a good idea to go in to owning silver/gold with long-term safety in mind and not fretting over what the particular price is on a given day, otherwise you're just going to stress yourself out (particularly in the current situation).