/biz/ - Business & Finance

old thread --->
>>19741412

How much does the fed have to pump before the dollar finally collapses?

This is really getting ridiculous. Not to fud, but I'm starting to believe that modern economists are actually correct in their clown world regulatory policies. It's like the quantum physics of the financial sector - doesn't fucking make sense and can't unify with previously establishes theories, but it somehow just fuckin works...

Infinite money is the new future, I guess.

when are we gonna see premiums on silver eagles drop? I need more

>>19750710

we are currently in a deflationary period

>>19751057
>we are currently in a deflationary period
Next is hyper inflation.

My question is I’ve only been able to stack 400oz of silver and 1/10oz of golf. I’m a poorfag and just want a small farm in rural Maine. Will I make it or am I destined to just be able to get robbed by hoards of niggers?

>>19751401
Gold*

>>19751057
Elaborate? Nothing that I need to buy seems to be getting any cheaper

>>19751461

the basket of goods used to determine inflation rates currently has us in a deflationary period. what you personally buy is irrelevant to this bucket.

>>19751461
Please not that the real inflation basket can be manipulated

>>19751688
>>19751754
You guys both seem to confound headline inflation which is easily gimmicked and boots on the ground inflation that we all experience. Be wary of Jewish tricks my frens

>>19751754
the only inflation basket you should care about is a combination of real estate, stocks and precious metals

>>19752704
Don’t get me wrong anon, I believe we just haven’t seen inflation in basic consoomer goods. But RE, Education, Healthcare, and a few other sectors have seen massive(and more realistic) inflation compared to TVs.

Also, most of our consumer goods have such high r&d that it’s obvious the cost will be lower than inflation. It’s easy to make a cheaper TV than it is to keep TV prices down

>>19752843
This is the thing about hedonic adjustments: I can live without a new tv. Food, shelter, gas, those are all essential and have been inflating at a much higher rate. Ergo beware headline numbers and Jewish trickery

>>19750710
It's almost there, they're waiting for the last of us realists to capitulate then they pull the rug and crash the market.

I am off to the middle of nowhere today to survey some claims. Hoping for big gold today. Burns mountain here I come.

>>19750710

The present system cannot go on for much longer; you can find a detailed explanation as to why in this thread. >>19669109

The four main reasons are 1) yields, 2) the size of the Everything Bubble, 3) the level of debt, 4) the state of the real economy.

1) In 2008, nominal yields were still 5%, and the Fed had some ammunition left in pushing them down during Q. E. 1-3. But yields are now only a fraction of a percent, and, if they go past even 1%, they will almost certainly crash the market. A mere 3% in yields crashed the market in late 2018; upon which, the Fed was forced to restart Q. E. But things are even worse now.

The economy, then, is walking on a tightrope. Treasuries, because of Q. E., are so undesirable that yields could spike any day now, especially because stocks are doing so well. The Fed is not providing enough liquidity to keep yields down. Expect the Fed to announce a formal cap on yields once the market crashes in the near future. Yield curve control would require tens of trillions in money-printing. This is the signal for PM and the miners to soar in price.

2) House prices are 8x earnings--so real estate is still a bad buy. P. E. ratios are higher than ever before in human history. This market is driven by sentiment and the greater fool theory. At some point, people are going to stop chasing momentum for momentum's sake, and turn their attention to undervalued assets, in order to protect their money--precious metals and commodities.

Stocks will only become more worthless as time goes on, because the inflation needed to control the yield curve will lay waste to American companies and the American dollar. People will see that they are not a safe haven for your money in the long-term. They will take profits and run.

(1/2)

>>19753751

3) America is now 26 trillion dollars in debt. The deficit is so high that America could not pay for the size of its government if yields went to even 3%. Besides preventing a stock-market crash, this is another reason why YCC is necessary-hence monetizing the debt, and high inflation.

4) Because of central banks and their constantly re-inflating these asset-bubbles, the real economy has never been worse. According to John Williams of Shadowstats, real unemployment is now 40%. The government must start dropping helicopter money onto people on a regular basis, in order to avoid a violent revolution. Unlike 2001 or 2008, this time, central-bank inflation cannot simply be diverted into enriching the 1% with asset-bubbles. This means exceptionally high inflation in the real economy, especially in consumer prices.

(2/2.)

>>19753751
>>19753784
Shares your posts on /pol/ thanks for this.

how much silver do i need for a hermit stack?

>>19751688
>what is the CPI

>>19753995
Supposedly 13oz but I shutter at the hell the country would be for that to be the case. I too want the hermit life of inawoods lifestyle.

>>19753751
>>19753784
Thank you. You would think that what you're saying is obvious to everyone, but somehow there are still lots of people that expect a V-shaped recovery and think that everything is fine. I'm starting to feel I'm the crazy one.

>>19753995
1) how much for a one room cabin on a small piece of land?
2) divide this amount by spot price
3) divide this amount by merc dimes/ounce
result= FWTDHW hours per avg sqft cabin space

good morning, I’m a 3rd world anon with ~4000 usd in savings, is it wise to dump it all in physical gold/silver or should I look in the yellow pages for a stock broker and get it into miner stocks? My country has a large domestic silver production, (23% world production according to last year stats) does that mean anything for me? im debtless, single and currently have no major expenses so I can invest most of my shitty salary in silver or save up for gold.
>>19753751
>>19753784
anon your analysis hit me like a hammer to the face I haven’t slept well since I saw your thread on /pol/ last week. you changed the way how I think about my finances overnight. thank you.

>>19754085
Being crazy and being correct are not mutually exclusive. Just sayin’

>>19753751
Seconded, this was an absolutely based fucking thread that everyone should read
>>19669285

>>19754262
I'd split recently between cash, gold, silver, and bitcoin. Also make sure you have basic survival supplies (food, water filter, medicine, lighters) and barter goods (alchohol/cigarettes).

Can you get silver libertads or are they sold out everywhere there too?

>>19754262
I would do
>gold, silver, BTC

In that order. Since your home country has such a large domestic silver supply it is very possible for them to return to silver standard.

>>19754262
Keep some of your USD. Your local currency will probably probably shit the bed at some point before the USD and you will need to conduct transactions in USD as seen in Venezuela.

>>19753995
Yall looking at silver junior miners? AG (first majestic) seems like a good pick for that-- slightly above "true junior" mcap, but still small enough to get pumped by shock in silver price, also run by a real silver bull. Silvercorp is also interesting. Worth diversifying this with gold miners as well? SILJ etf looks like garbage ngl but has maybe 3 really good holdings

>>19754530
Alright anon i'll keep it in mind.. Libertades are still listed by the national banks and private jewelers opened just this week in my city due to covid so hopefully they're still available.

>>19754684
We probably will if the despotic retard we call president doesnt sell us out to the chinese or some other bullshit. Most of the silver companies down here are Canadian which may already mean they are owned by chinks.

>>19754940
My savings are in mxn which is fully dependant on the dollar. At this point i'd feel safer buying copper o-rings than keeping this stack of bills around.

>>19755478
>buying copper o-rings
ahh, i see you are a stacker of refined tastes as well.

I have 4.25 ozt gold and 255 silver. will I make it? I have to spend money on a (budget) wedding and a baby on the way, but want to keep stacking desu. I make 100k but have A FUCKING THOUSAND dollars taken out every 2 weeks by CA tax rape.

I used to be able to claim higher deductions or whatever and get a bigger check, is that still possible? Also, bad time to buy a house? Im in a big city, how bad will it get?

If everything is crashing, what happens to people with mortgages? I'm in a relatively safe role at a relatively safe company, so let's assume I keep earning money for the initial few months of the crash.

Thanks frens.

Mail man came today. Got rando coins from JM billion and got some chink coins. should I be worried?

>>19756893
Get to 5ozt gold and 300ozt silver, and grab a plat ozt for good measure.
Get as far away from the city as possible

>>19756893
Hopefully, that said I’d move to a state that has better demographics and ability to farm. I’m under the impression that shit is going to get bad. I have seeds and ammo to my seed collection but due to this covid shut down had to take another job which has me living back at my parents house at 30. Not ideal but it’s in a rural farming community and pretty comfy.

I’d get at least a couple more hundred oz’s of silver especially if you have those savings anon.

>>19750710
>Infinite money is the new future, I guess.

For the moment, but someday inflation or deflation will slip beyond the grasp of their control and things will get really crazy. Modern monetary theory is a delicate balancing act that I'm not convinced they can safely control forever.

Bought:
$EGO, $AG, $SLV

Buying:
$AG, $EGO on dips

I can buy some silver and gold coins at a very good price. How can I check they're real without ruining them?

>>19757079
If they're below spot, and being sold by some rando on amazon or ebay, they're fake. There, I saved you days of pain and suffering. Stick to real dealer that audit their product streams

>>19757121
It's a known dealer. They aren't below spot, but only like 3% above. I don't see how they can buy from the mints and sell them at 3% above spot and make a profit?

>>19757190

unlike anons on /smg/, the dealer bought low and is selling high

>>19757219
So why don't they sell at a premium to the current spot, rather than to the price they paid? They would make even more profit.

Sorry, I'm just shocked at finding a dealer that isn't a (((dealer))).

Why is Gold Mining Inc down 6% over the last month while other miners have made gains? Is there news about the company I haven't heard about?

>>19757003
Unfortunately that is out of the question for the time being. Im armed to the teeth and have a decent level of food supplies, but may end up buying more. It's funny how things line up. Even a year or 2 years ago I would have been free to fly away, but fate it seems has other plans for me. I'll be more prepared than 99.9% of people here, though.

>>19757013
Can't move but have about an acre of farmable land in my fallback location. making plans to make that my living location imminently, but the transition is a careful one. It's not even close to out of the danger zone, but in a defensible and pretty nondescript position with based neighbors (relatively).

I do have hope from several schizo larpers that I buy into that the demolition will be a controlled one, but this is coming.

Godspeed boys.

>We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. ....

>>19752843
i dont give a flying fuck about televisions, smartphones or the price of toothpaste

>>19756494
how much gold and silver do you have

>>19757391
arent they the ones with the CEO being investigated or something

>>19757418
>>We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. ....
See you on the /pmg/ lords cruise once the dust finally settles anon. Good luck you sound prepared. I am also in a gay state (NJ) but find myself in a small rural part of it.

If a deal is too good to be true it's probably a scam.

>>19753995
>how much silver do i need for a hermit stack?
$500 face value in silver/gold coins

Source: The movie The Revenant. Tom Hardy's character says after he gets paid $500 dollars he's going to buy on a plot of land in the middle of nowhere and piss in the wind for the rest of his days.

>>19757353
Because they can offload them quickly before supply catches up to demand

Stock market illiterate 40 oz stacklet here. Can someone explain to me as if I was a retard how to start buying stocks. Is it just an app? I tried to get a brokerage account through USAA but they wanted me to make an initial deposit if $3500

Why are miners dumping?

>>19758224
>plz i want to buy 5$ of stawks pawpaw :( show me

plz dont

>>19758234
seconding this question

>>19758340
I want to buy a couple hundred. Fuck off

>>19758224
Just download Robinhood to your phone.

>>19758224
vanguard and ally bank are what I use. Both free with no minimum deposits

>>19758618
Unless you have a plan to dollar cost average that much every month for 300 years, please stay out of stocks. Seriously, if you don't have $3500 to kick around into investments, you don't have your shit together enough to be diving into stocks. Stack dollars until you have 2-3k stocked up for emergency.

>>19759080
>Vanguard

>>19759119
They're scarier than you think man

>>19758224
Welcome to 4flan, Eric.
Take that $3500 and just go balls deep into precious metals

>>19754143
do the math on that pls

Fucking love me some Peter Schiff

>>19759171
the writing on these governance issues is really interesting and getting attention from major scholars. they're worth the read.
https://www.bu.edu/bulawreview/files/2019/06/BEBCHUK-HIRST-1.pdf

>Bigger
https://columbialawreview.org/wp-content/uploads/2019/12/Bebchuk-Hirst-Index_Funds_and_the_Future_of_Corporate_Governance.pdf

>>19759739
And he wonders why they don't invite him on MSM

My Mom and sister really love gold jewelry. What do you guys think about 18K and 22K jewelry, maybe estate pieces? At least then the gold wouldn't just sit in the safety deposit box all the time. What about high quality rubies and emeralds? A Jewish friend of mine once told me that Jews like them more than diamonds because there's a free market in them--no control by the DeBeers cartel.

>>19759740
Personally, this is the most interesting post i've encountered on biz. And love that its sourced in scholarship, not some .com etc etc. If biz learned to deal exclusively in scholarly literature, we could rival Vanguard for control of financial system lmao

>>19759812
You'll always have a premium on jewelry, but if its estate sale stuff it shouldn't be too high. Gold is gold dude. I don't know anything about emeralds and sapphires, but diamonds are for sure a scam.

>>19759903
I was looking to find a way to get a paper together for pricing indexes, but I ended up stumbling down this rabbit hole. It's fascinating.
>If biz learned to deal exclusively in scholarly literature, we could rival Vanguard for control of financial system lmao
I think that old old "schizo larp" of the hidden hand guy is pretty good. Larp or not, he hints that you need to redefine "power" for yourself if you think that there would be any (un)conventional way to wrestle control of the financial system from these massive institutions. Working against them is probably easier than you think, but whether anything happens to the institutions or not and the consequences of it happening are something different entirely.

>>19759284
post more

Boys, I'm hesitant to buy any more gold. It's basically at its highest in the past decade. I just know if it get some, the price will come back down as it did from 2012 now. What do I do?

>>19759739

did that ceo of based position ever get filled? if not, i have a candidate.

>>19759948

Thanks. I'll look into some estate pieces and stay away from the diamonds.

>>19760057
buy a knife
https://www.amazon.ca/Cold-Steel-Kraton-Handle-Secure-Ex/dp/B000U3S0BS/ref=sr_1_1?dchild=1&keywords=cold+steel+OSS&qid=1591972895&s=sports&sr=1-1what%27s%20the%20difference

>>19760057
Gold isn't anywhere near its price in 2012 in ratio to the other fundamentals. The Fed announced not even contemplating interest rate hike on the issued money printing, nor will they ever will as anything above 1%(we're at 0.90%) is a guaranteed crash. And on-top of the government and president talking about more spending, you have the Fed blatantly announcing it will buy whatever garbage is put in front of it.

I'm becoming increasingly convinced that Trump wants to print the debt away, destroy the dollar, and rebuild the American financial and monetary system from the ground up.

when are you going to post your fucking stacks

>>19760057
Once it breaks through ATH it's going to run to $3K within 6 months, maybe 12 tops

>>19760057
Buy more silver? Flip it around when the gold silver ratio changes to 1:50

>>19760228
How can one profit from this without buying physical metal though?

>>19760618

you won't make it.

Any of the USA anons here should contact their representatives to make this a reality.
https://coinweek.com/us-coins/new-plan-for-2021-dated-morgan-and-peace-silver-dollars/

shit bro I want more gold and silver

>>19760618
Gold Miners.

>>19760848
>19760848
would love to see a more extended discussion on gold and silver miners, specifically juniors.

Lots of pm people seem to point towards imminent hyperinflation in the US but I really don't see that as likely and certainly not right around the corner. If anything, shits about to get real deflationary -- that's why we have so much QE, major dollar swaps on intl markets, etc. Would love someone who's deep in this to explain to me what's going on because I Want to be bullish on miners/metals. It just seems that all of the rona economy action points towards deflation, unless you can explain why QE (repos) were big even before december....

>>19760848
Which ones come to mind?

>>19760896
>all of the rona economy action points towards deflation
you're right. It's tough because this kind of money supply expansion and credit expansion are relatively new. We really don't know what happens to all of that money in the long run. The common sense answer is that it will eventually bleed out of balance sheets and into circulation causing massive inflation. We really have to wait and see.
>why QE (repos) were big even before december....
There's likely a few bad eggs in the basket. JPM figured out "oh shit it's not really that profitable to be here in repos" and really impressively spun around on a dime which was that big spike to 10% interest in the repo markets. there's also evidence that there are some stupidly risky assets floating around as well (again).

>>19757815
Based and PELTpilled

>>19760993
additionally, if China and Brazil are going to get fucking rocked (again), check out their major exports and start buying accordingly. North America, AUS, EU, KR, and JP all benefit from having superior health systems and standards. they will all do very well comparatively while china and south america flounder around.

>>19750440

endless entertainment

>>19761501
What an absolute chad. One of the redpilled Jews like Kubrick.

>>19751432
*Golf

>>19754262
Mexico?

>>19761170
They bought it from you for a fair price and there were several exemptions to that law. Still very much better that FUDggots with nothing like you.

>>19761501
Made this meme weeks ago, knew I was on to something.

>>19761705
Hahaha nice, saved.

>>19761501

top kek. he's going all out today

How can people look at the cost of housing, the cost of education, the cost of healthcare, and not think that inflation is already here and has been for some time?

>>19761785
This. A sack of is now $12 when it was fucking 10 5 months ago

Anyone have an opinion on eldorado gold shares?

>>19758224
If you open a brokerage account with Webull using my link and deposit at least $100, you can get 2 free stocks of LEVI.

https://act.webull.com/t/2GygSQPyqm1z/1ky/

>>19757074
I would steer away from SLV as the ROI is actually less than physical silver despite claiming to be 3x the return of silver. I don't know bout AG but EGO seems solid. Look into I am gold, Hecla, and Skeena resources.
>>19760904
look into the above, I'm sure Pan Man has more info on stocks as well

>>19760601
nice coins anon!
Are they real? Where did you get them, and for how much?

https://coinquest.com/cgi-bin/cq/coins.pl?coin=21642
>China (Empire) Hsuan Tung Dollar with Dragon and Clouds (Fakes are possible) 1911
>worn: $50
>average circulated: $150
>well preserved: $350
>fully uncirculated: $1000
>uncirculated specimen sold in 2011 by respected dealer CNG at auction for $26000

However...
>Fakes are possible
http://coinquest.com/cgi-bin/cq/coins.pl?coin=21643
>Token China Lucky Dollar with Dragon and Flowers (Counterfeit)
>worn: $1
>average circulated: $2
>well preserved: $5

>>19759171
is there a part two to this, anon?
Or a source?
It cuts off at the bottom, and I'd like to read more...

>>19762273
How many blanks do you think that is?

>>19761697
What if I don't want to sell?

>>19762322
hope your stack falls into the exemptions

>>19762322
You burry it in the woods.

>>19761827
I love sacks of "is now 12 then it was 10 5 months ago" -- My favoirte

>>19762121
I am a bit busy today at the moment but what sort are you looking for? Big corporate or penny stocks?

People were discussing this in a different thread but I didn't hear any satisfying answers:

If most stackers treat silver as essentially a leveraged bet on gold, wouldn't it just be easier to own gold mining stocks? Why expose yourself to a second metal that may or may not go up with gold when fiat collapse happens, when you can just buy the gold miners and make a guaranteed 10-100x versus holding gold?

>>19762420
>wouldn't it just be easier to own gold mining stocks?
DONT BE SUCH STUPID NIGGER.

i DONT BUY STOCKS

i BUY tHINGS

>>19761170
I bet there were a lot of boating accidents that year.

>>19762420
>if most stackers treat x as
stopped reading
>Who said they treat silver as a leveraged gold bet?? There are plenty reasons to invest in silver that are independant of gold

>>19756961
Dont those dragon coins have a hella premium normally? Hope you got a good price.

>>19762379
What about stocks that pay dividends?

>>19762376
you're supposed to ask "a sack of what" and I would tell you "a sack of these nuts"

Anyways jokes aside a sack of rice was $10 a few months ago and it's now $12

>>19753882
>>19754085
>>19754262
>>19754301

Thank you for your kind words.

>>19755338

I am convinced enough that silver will outperform gold that I have half my holdings in silver. But, because there are arguments to the contrary, it may not be prudent to go all-in on silver. Gold is the sure bet, because central banks hold it; silver is the nearly-sure bet which will vastly outperform gold; but nearly-sure still is not sure. You may want to hold some gold if only to diversify your portfolio, and trade between the metals when one is stronger than the other.

>>19758234
>>19758355

As David Brady says, there may be a pullback in metals and miners soon along with a general stock-market crash; then the Fed will institute YCC to halt the crash; and it is at that point that PMs will go to unprecedented heights.

https://www.sprottmoney.com/Blog/fed-tapers-liquidity-raising-the-risk-of-further-downside-david-brady-june-4-2020.html

"Remember, when nominal bond yields are capped and real yields peak and fall, look out above in precious metals and miners. Remain patient until then."

https://twitter.com/GlobalProTrader/status/1268933209649295361

"10Y up another 13% this morning as stocks surge higher. 10Y now at its highest yield since March. All driven by #Fed tapering its liquidity injections. Watch for the coming peak in stocks and the Fed formally capping yields, soon after PMs and miners will explode higher."

https://twitter.com/GlobalProTrader/status/1268901200235282435

Do not, however, exit your position. It is not guaranteed that the miners will crash on a second leg down in the stock market (https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/)), and some analysts are predicting an imminent rise in the metals. e. g. John Howell, who correctly predicted the pullback in the miners a few weeks ago:

https://www.youtube.com/watch?v=YAwMSAo4hqk

Also, if PM manipulation stops, which it may do so on, the metals could soar overnight.

>>19762631

just google dividend aristocrats and invest with those companies.

>>19759284
that's a man

>>19762631
Most mining companies do not offer dividends.

>>19760896

Hyperinflation will not come until 2023 or 2024. But high inflation is coming imminently. Hyperinflation is simply the inevitable outcome of the bond-market crash and vicious cycle of Q. E. which we are about to experience. The more the Fed prints, the less desirable bonds become owing to inflation, and the more the Fed must print to suppress yields, ad infinitum, until the whole system collapses.

>>19762420

Silver miners will go farther than gold miners, and junior miners will go farther than large-cap miners. So silver junior miners are the ultra- ultra-leveraged bet. If you bought First Majestic Silver in 2001, and held until 2011, you could have turned $100,000 into 11 million dollars. It is common for small caps to go up 150x in a silver bull market. Silver junior miners are where new millionaires and billionaires will be made.

>>19760057

If you value it against real estate and stocks, you will find that gold would have to be $5000 in today's money in order to reach its nominal peak of $1900. Gold is still immensely undervalued, as are commodities in general. The only thing that is more undervalued than gold is silver, and the only things that are more undervalued than silver are the miners. This is why, in the silver junior miners, fortunes will be made.

>>19762472
There indeed were. It's estimated that half of the Gold Coins in circulation at the time are still around today.

should I get 5 krakens? Paycheck's coming next month, but they're on sale.
I won't have any problem liquidating them in the future though, right? It's still a government coin

>>19762834
l liked them better back when they were $40 a pop.

>>19762834
You’re good

>>19762749
>Silver miners will go farther than gold miners, and junior miners will go farther than large-cap miners.
Yes, if silver comes along for the ride when gold takes off, this is true. My point though was, there is a nonzero chance that silver just fucks off and doesn't follow gold, maybe it gets relegated to a strictly industrial metal or whatever. In which case, isn't the simplest+safest leveraged bet on gold to just ignore silver and buy junior gold miners?

>>19762834

please god no. nobody will want to buy them.

>>19756494
That whole stack is worth $2.

>>19759284
How much is the hooker.

>>19762899

For me, I am overwhelmingly sure that silver will do well, on the basis of

1) Its performance in the last two bull markets (1970-1980, 2001-2011)

2) Its 5,000 years of history as a monetary metal,

3) Proven manipulation of the metal since 2008, which will probably soon come to an end (see Arcadia Economics)

4) The gold-silver ratio,

5) Its ratio to gold as respects its scarcity (10 to 1),

6) Its many uses in industry (which increase, not lessen its value),

7) Its utility as the "poor man's silver" when gold becomes too expensive,

8) The possibility of its being remade into a monetary metal again by governments (https://goldsilver.com/blog/the-potential-looming-catalyst-for-silver-no-one-sees-coming/).).

So I am sure enough in my beliefs that I am willing to stick with the investments I have chosen. I don't see how the central banks can possibly avoid high inflation, and I don't see how silver could not prosper in that environment. Everybody has to decide what level of risk he is willing to take for a corresponding level of reward. If you buy gold, you will make at least a 3x gain, and there is the least amount of risk in gold. If you buy a large-cap gold miner, you will probably make at least a 6x gain--for more risk still. If you buy a small-cap gold miner, you will probably make at least a 10x or 20x gain--a very risky choice. But junior silver miners, as I say, which are the riskest things of all, have the potential for 150x gains.

>>19762749
What junior miners do you recommend? I will be conducting some DD this week

>>19763083
What are the most important videos to watch if I wanted to educate myself about silver/gold manipulation?

>>19763096

Basically everything in SILJ. But three particular mid-tier favourites among people in the silver community are First Majestic, Fortuna Silver Mines, and Mag Silver Corp. Impact Silver is set up to profit in the maximum degree from a silver bull market. Four examples of ultra-small cap and very risky miners are Kootenay Silver, Dolly Varden Silver, Bear Creek Mining, and Silver One. I believe that Eric Sprott has invested in all of them. I am reluctant even to mention them, because, if I am wrong about silver, they could go to zero.

>>19763152
https://www.youtube.com/watch?v=a8Lzpz2Cv4g

>>19763152

Arcadia Economics is, without a doubt, the best Youtube channel on manipulation. The owner, Chris Marcus, spent years researching a book on it, called "The Big Silver Short," and he interviews multiple people on the subject every week.

https://www.youtube.com/user/ArcadiaEconomics/videos

>>19754301
What does crashing the economy in real terms vs nominal terms mean?

>>19762749
Which junior miners do you suggest? I have a list but I am interested in your thoughts

>>19743184
Is Pan Man still around?
Did you ever find a source on that?
Much obliged, fren...

>>19763083
>>19763167
Thanks for the rundown. I almost feel like a barbell-ish 50/50 investment in physical gold on the safe end and SILJ on the speculative end would cover all the eventualities in this space.

You should really run your own site or youtube channel or something, you're quite good at trotting out your arguments in a very clear and methodical (and kind of autistic - good thing) way.

>>19762302
>>19762273
just a wild guess, but I'd say 24,000-48,000

>>19763336
I have it on my home PC, I dont have it on my work laptop sorry. I dont think its a report that is all that interesting though, I had some notes on my laptop about it from when I saw a discussion on it at Minerals North that year.
>US gold miners are producing X number of ounces but Y amount is unaccounted for by regulators.
>Is this an accounting error or are miners faking production numbers
>nothing conclusive ever determined.
If I find the full article / report when I get home proper I ll post it here for you guys to look it over.

>>19763241
Real means in terms of the actual underlying value of the asset. Nominal means in terms of the currency that it's de-nomi-nated in.

Basically, if the USD stays constant and SPY crashes to 300, that's crashing in real terms. If the USD inflates 10x and SPY stays at whatever price (denominated in USD), that's crashing in nominal terms.

>>19763414
>>19763241

Oh fuck, or maybe the other way around. I'm pretty drunk rn so just wait for autistic british goldbug to respond, he'll get it right for you.

>>19763408
No worries, I understand you're out there getting stuff done.
Whenever you get home and have time. I think that might be an interesting thread to unravel.
Thanks fren!

>>19763241

I think you mean yields. Yields on bonds have a nominal rate and a real rate, which is the nominal rate adjusted for inflation. So the nominal rate on a yield might be 10%; but, if you have 20% inflation, the nominal yield is a lie, and the real yield is -10%. Now modern Western governments fund themselves by issuing bonds. But they are so heavily indebted, and their budgets are so large, that they have to suppress the nominal yields on their bonds artificially by printing money and buying up bonds themselves to drive up the price. (This is called Q. E., or Quantitative Easing.) Nominal yields are now below 1%, and, as a consequence of inflation from the money-printing, real yields are actually negative. Increasingly lower real yields make bonds more and more unappealing to buyers, a circumstance which eventually leads to a crash in the bond market; whereby governments must keep printing more and more money to suppress yields in a vicious circle of inflation, and of collapsing real yields, until either hyperinflation or default. The price of gold is inversely correlated with negative real yields, because they mean that the bond market is no longer a safe haven. Hence why people should be buying gold to prepare for the inevitability of a crash in bonds. The bond market is even greater than the stock market.

>>19763283
See >>19763167

>>19763361

I think that, if I tried to get a following on Youtube for economics, the system would collapse before I could have any sort of effect on people. I believe that I'd also look silly, because there are innumerable people who know a hundred times more than I do. Maloney, Schiff, Maneco64, Arcadia Economics, Neil McCoy Ward, etc., are already doing a sterling job. I am content to write what little I know to help people to protect themselves here, knowing that 4chan has a wide influence over internet-culture in general and tends to spread ideas far and wide.

Liberty Gold mooned these past 2 days.

Next up Goldmining.

>>19763474
>The bond market is even greater than the stock market.
Much, much greater. This is a key point that most people just starting out in investing don't know

>>19763488

>>19763611

Peter Schiff's rationale for gold going down after 2011 is the same as that of this poster. That "The Fed was able to lie and convince everyone that they could normalize rates, even though they knew they couldn't." The other two explanations are, first, manipulation of precious metals by the banks; secondly, that gold simply got ahead of itself. You can see from this picture that gold tends to track the money-supply, but it spikes in 2011; and it may be that people front-ran hyperinflation a little too quickly, and got burned because of it.

>>19763470
no problem! went looking at some very odd high ground claims that were from the 1890s today. There are hand piled rocks and ancient abandoned gear all the way at the top of Burns Mountain that should not normally be there, I believe its very interesting ground but I have no idea how I ll properly work it because there isnt much water up there. Hard to get a vehicle nearby either. I did find some very nice gold right in surface gravels too, I want to go back and look for more but I have more claims to check first.

>>19761501
Peter Schiff can come to the ethnostate

>>19763474
>>19763167
Which gold focused miners come to mind?

>>19756494
Nice you can almost get yourself a full snickers bar with that stack.

>>19757391
No clue, but chart looks great to me. Also,

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/820-tsx/gold/78217-goldmining-announces-resource-estimate-for-almaden-gold-project-idaho.html

https://www.youtube.com/watch?v=QXDwRU2LQTE ($5.25 price target)

>>19763682
I can buy that gold got ahead of itself and needed a consolidation phase, where the weaker hands get shaken out and the price builds its new base before going higher. That chart looks like a giant cup, and in fact the inflation adjusted chart looks like a cup and handle.

ITS HAPPENING, I'm going a little nuts.
Is this a good idea?

>>19763955
translate this garbage

>>19764034
The relevant parts are surely self-evident

>999.9 1kg (1000g)
>802,500W

>>19763408
Thank You Pan Man. You are Golden and Silver veined.

>>19763474
Gold bless you

>>19753747
Godspeed anon

>>19763167
What are the conditions in which these go to zero? I understand that the risk of this sector has only 1 in 10 junior miners "making it" during a bull run

>>19763955
>>19764034
>>19764060
$659.20 for 32oz silver

>>19764177

The risk that they go to zero is mainly that a bull market in silver does not come to pass. In other words, that I'm mistaken in my views about either precious metals or silver. If previous bull markets are any guide to the future, then, in a silver bull market, you could practically throw darts at random stock-names with the name "silver" in them and still make a fortune.

>>19764218
Isn't a kilo 35 oz?

>>19764281
I just converted 1000g into troy ounces and it game me 32.something

>>19764281
>>19764329

a kilo(gram) is obviously 1000 grams, like a kilometer is 1000 meters. its 32.15 troy ounces, or 35.275 ounces. troy ounces are used for most precious metals.

>>19760601
Brainlet here: how exactly does one go about flipping Silver for Gold, anyway? Just cashing it in and buying the difference? Or would you be dealing specifically with bullion dealers and working out some kind of trade?

Didn't make any purchases this month. Look forward to picking up 10 oz on the 1st thinking 5 brittanias and 5 phillis.

>>19764441

i picked up 10 face of junk, and 10 random 1 ounce government issued coins, coming later this week. /pmg/ thinks it will be mostly royal mint coins.

>>19764469
Probably. I saw that on JM I might jump for that if it's available on the 1st still. Yah they'd pull eagles and sell for Cull I imagine. Also, I noticed when JM does "sales" on certain items it's kind of a RIP off. For instance Britannias and Phillis have been holding the same price. Then all of a sudden they do a "sale" in Britanias but they're now higher priced than the Phillis lol. Dunno how that works

Uh guys, this is not a drill.
https://www.investing.com/equities/blackrock,-inc.-c

>>19764516

i got it on sd bullion

>>19764516
NM I see now the sale removes the quantity pricing tier

>>19764525
explain

Hi all I’ve never really considered owning pm before but I’m considering it. I’ve done some research but investopedia articles will only take you so far. I’m trying to figure out how to start and thinking through my strategy. Any answers/opinions would be appreciated.

Why do you collect precious metals? Investment, hedge, shit hitting the fan...

How do you store them? Bank box, safe, bury in the woods...

What do you collect? I know gold, silver, palladium, etc. but are you in coins or bullion.

Do you care what the format is? Are you looking for collectibles or just purely interested in purity?

Do you trust dealers? Are you verifying that what you are purchasing is real, or just going off faith?

>>19764538
Ok thx anon. If you get lucky you'll get maples that aren't milky. That'd be good

>>19764556

>>19764525
>-28%
wut? What happened

>>19764567
Holy fuck this can't be good. They're the ones controlling the Fed/Treasury deal right?

>>19764567
Im sub IQ anon, you need to explain

blk dropping 30% is going to get some robinhood buyers

>>19764525
WTFF

>>19764557
They help relieve anxiety over future inflation and dollar collapse. It was also a means for me to actually save money, just in physical format since I was horrible at saving. I'm still getting a thrill for buying, but it is an asset instead of frivolous spending. They're fun to fondle and clink together obviously, some designs are gorgeous. With shitty premiums I mostly have stuck with generics but I'm probably gonna get back into foreign mints next purchase. Metals have made me conscious of my spending habits, I started budgeting my fixed income properly. They also motivated me to quit smoking. Just dont go into it expecting to get rich quick or anything, at a minimum they'll help preserve your purchasing power in the future. A silver quarter in 1963 could purchase a gallon of gas. That same silver quarter can purchase a gallon of gas plus some today

>>19764598
No one on here knows yet /smg/ is flippin out.

>>19764617
see >>19759171

>>19750440
did you try cashing out during covid lockdown?
did you try paying for services with that?
Whats the difference to crypto for normal people factoring out aylmaos who shut down power, highjack cpus.

>>19764660
That’s rad that they are helping you quit smoking and save more money. Thanks for the wisdom based metals anon.

>>19764716
Np hang around this is a very fuckin cozy general

>>19764702
SO its bad that they are up

>>19763955
>>19764218
Not a terrible price, can you get coins in kimchi-land

>>19764835
Yes

https://koreasilverex.co.kr/goods/catalog?code=0001

>>19764612
>>19764622
>>19764598
>>19764567
>>19764525
It's a glitch, or someone fat fingered a sell into a very thin buy side.

>>19764869
Man they're kind of overcharging you on the coins I'd normally get here, I'd just go for cheapest price per weight.

>>19764873
We checked multiple sites, its the same on the NASDAQ too.

>>19754263
The definition of crazy is being a minority of one.

>>19764873
Also S&P Global is down almost the same amount.

>>19764557
>Why do you collect PMs?
I'm buying them to protect against inflation, especially important rn
>How do you store them?
That's for me to know and you to not know anon ;^)
>What do you collect?
If your American, junk silver, generics, not American Silver Eagles right now because of ridiculous premiums, for Gold I'd say 1/2 ounce coins or 1 ounce coins or bars, either is fine but most likely you'll want coins
>Do you trust dealers?
Yes, I buy off JMBullion or from my LCS, I know how to test my coins and that's only really a risk if your buying off some random on eBay or Reddit

>>19764937
>>19764945
These after-hours markets sometimes have almost no liquidity, it's like the price of a shitcoin on a no volume exchange, one buy or sell order can change the price by 50%. Many such cases.

>>19761170
You forget to add the other things written under it:
Coins as collections are exempt
So, if you can prove that all your coins are for collection you can keep them.
Most anons here are safe
Don’t buy medallion, just buy “novelty” gold and silver coins

>>19764557
>Why do you collect precious metals? Investment, hedge, shit hitting the fan...
Yes
>How do you store them? Bank box, safe, bury in the woods...
Hard no on the bank box. Keep them yourself while you just have a lil stack. Most anons just keep 'em in a box, one anon got a nice case from Harbor Freight. Once you get a decent stack going, maybe get a nice safe and bolt it down, pour concrete around it etc and then get a mediocre safe as a decoy. When you get to a huge stack (1000s of ozs+) some anons consider vault storage out of country to avoid upheaval. I wouldn't, but some do.
>What do you collect? I know gold, silver, palladium, etc. but are you in coins or bullion.
Coins are harder to counterfeit, and easier to sell. Bars can usually be found for a better price. Government mint coins/bars SOMETIMES can be sold for a higher price than non-gov't coins/bars. It's an individual choice, decide for yourself what you want your ratio of coins-to-bars and gov't-to-non-gov't to be.
>Do you care what the format is? Are you looking for collectibles or just purely interested in purity?
Again, individual choice. Most are .999 or .9999 pure. Some like to diversify with constitutional or "junk" silver, which can go from 40% to 90%, see pic related. Some like collectibles or rare I.E. "numismatics", some are just stacking by weight, most have majority in weight but have a few that they just like the look or nostalgia.
>Do you trust dealers? Are you verifying that what you are purchasing is real, or just going off faith?
When starting out, definitely stick with established dealers, and even then be careful. See the header for resources as far as avoiding fakes. After you know what you're doing, build a relationship with your local coin shop (LCS), but be careful, caveat emptor as always. Avoid ebay, leddit, CL, etc until you really know what you're doing.

Good luck, anon!

A lot of you faggots don’t understand the reason for eagle premiums
>NO CGT

>>19761170
Was because of the gold standard. They needed the gold to BRRRRRR. Obviously loads of people didnt comply as pre 33 gold is everywhere

>>19765157
That's untrue. If you sell over $10k you're gonna have to report it. The bank will trigger it if it's a money order or check. Doesnt matter what kind of bullion it is

>>19765181
This guy is right.
>>19765157
If you try to skirt the rule by only selling 9.9k to an individual dealer, you'll get away with that once, but if you do it twice, even to a second dealer, that's technically structuring a sale to avoid a tax. You're praying that the guy you deal with is cool with cash, and will never rat on you.

>>19765181
>>19765200
I plan to straight trade my stack for Gold, or rental properties depending which ratio dings first.

Or to avoid taxes getting a secured loan against the silver bars for income generating assets.

>>19765157
28% when you sell regardless of ASE etc, if you live in America.
Look it up, fren.
It sucks I know.

>>19765239
More power to you, just make sure you put in your 22k plug to keep the IRS fairies away. Is it Utah where silver bullion is legal tender? I assume that its value is based on spot price that day, unless certain businesses have a parallel pricing scheme for USD/silver

>>19765200
only a moron would sell 9,900 dollar amounts at a time.
I personally plan on selling it in batches of less then 100oz, mostly because I plan on selling it to LCS.
although to be fair, I doubt i'll have saved enough silver to hit the amount I need to report it for capital gains tax here in the US

>>19761501

How many tequila shots has he taken at the gold conference.

>>19765271
>sure you put in your 22k plug to keep the IRS fairies away.
Elaborate please

>>19765241
what are you talking about? capital gains tax is used for physical gold and silver in the US.
which if you've held the resource for longer then a year is a 0% tax for the first 40,000
and I should point out that 40k, only counts profit, so keep track of any expenses...

>>19765241
Just trade crypto on the side so you always have losses to offset your capital gains

>>19765239
How much is that

>muh taxes
>just sell 9k at a time
>go to a different LCS each time bro
>structured selling is illegal

Why cant I just sell to people on r/pmsforsale and have them send cash via friends and family which also dodges 3% fees?

>>19765366
https://finance.zacks.com/capital-gains-american-eagle-coins-taxable-3604.html

>American Eagle coins are classified as collectibles by the IRS. The long-term capital gains tax rate for collectibles is 28 percent.

>>19765488
Lol how can legal tender with a face value be a collectible?

>>19765456
A little over 2k oz's

>>19764567
ahhhhhh what happened, thats not good.

>>19765380

>>19765497
I know, it sucks
I was hoping my legal tender face value coins from Scottsdale would skate, but apparently not.
Abolish the IRS.

>>19765527
Your post seems sarcastic

>>19764567
Is this bullish for Gold? Are we breaking the $2000 dollar ceiling?

>>19765456
about tree fiddy

>>19765488
https://www.irs.gov/taxtopics/tc409
the irs says they can't tax you more then 28% on collectables
http://about.ag/28percent.htm
this site goes over it, chances are only the whales would ever pay 28%

>>19765550
100% serious
I hate taxes
I hate prison more though, so I'll pay the lizards their share and just be mad about it.

>>19765239
Are those big medallions silver?
Holy shit how much do they weight?
How much each cost ?
And where can I buy some of them?

>>19765761
The America the beautiful coins? They're 5 oz

Any decent gold miners? Everyone mentioned deals mainly in silver it seems

>>19765761
I think I saw a batboi for 120 earlier.. $127 for a batboi, but I saw random 5oz ATB's for $110ea
https://sdbullion.com/2020-national-park-of-american-samoa-america-the-beautiful-5-oz-silver-coin?utm_source=findbullionprices.com
https://sdbullion.com/5-oz-america-the-beautiful-silver-coin?utm_source=findbullionprices.com

>>19765761
By medallians you mean the large bars in the back? Yes they're silver, about 7lbs, around 2,200$, There are lots of places to buy, all of the good ones mentioned in OP's post.

>>19765856
Damn.
7lbs
Shit!
I like me some of those when I can!

>>19765856
What’s their purity?

>>19765737
>https://www.irs.gov/taxtopics/tc409
>Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate.
Pretty sure that means that they tax you at the maximum cgt rate, which wouuld be 28%. Not up to. That's how I interpret it anyway.

>http://about.ag/28percent.htm
silver-enthusiast site says it's UP TO 28%...
I hopeso, and I'll look into it further, but I'm skeptical.
1)There seems to be basic math errors in their calculations.
2)The entry seems to be from 2013 or older.
3)In explaining how to use the "Schedule D Worksheet" to calculate a lower tax rate, they are... less than confidence-inspiring
>This then gets entered into the complex Schedule D Tax Worksheet, which presumably isn't going to have you pay tax on more than what the 28% Rate Gain Worksheet came up with. That said, the Schedule D Tax Worksheet is quite complex, so I might be missing something.
>presumably
>I might be missing something
I hope they're right, but I'll check with a tax expert when and if I ever sell.
4)Every other site I've seen says 28%, not up to 28%.

Again, I hope they're right, I want to give as little tax $$$ as possible to the lizards. I'm going to do further research though.

>>19762147
Yes they are both real, one is a remint that I bought from goldsilver.be the other I inherited from my grandpa

>>19764406
I think cashing in and buying the difference at a bullion dealer is the best option, I dunno just like shiny things

>>19765897
Most all silver is either .999 besides older coinage which is usually .90. Some sovereigns are .9999

>>19764406
The silver to gold ratio is currently at 1:95
So buy as much silver as you can. At this ratio, a 100oz silver bar is equal to 1oz gold.

When the ratio drops to about 1:10. Take that 100oz bar and get 10oz of gold. Congratz you turned 1oz of gold into 10.

>>19766147
>When the ratio drops to about 1:10
Lol

>>19765933
anon I believe by the time your asking these questions its because you have tens of thousands of dollars in collectibles and most likely a lot of other investment income as well. so the article writers are writing articles for those people.
https://www.ellsworthcpa.com/posts/how-are-collectibles-taxed
heres a good example, the example they use they just say pay 28% but at the bottom it goes over you pay in your tax bracket up to a max of 28%

>>19766045
Cool.
I will get Into packing silver after corona stops.
Already made double money thanks to Chinese virus

>>19766165
I could see the ratio getting down to the 40-25 area eventually

>>19766165
>>19766203
I think 60 to 1 is responsible. although it could be as much as 40:1 but I just can't see that ratio holding for any amount of time, unless gold crashes or silver hits $100oz

>>19766165
Historical average is 1:10-16
Mined out of the ground at 1:8

It went as high as 1:125, I expect it to over correct before evening out.

>>19764706
no i dont cash out gold before i retire
no i dont pay for services
crypto isnt for normal people, you would be surprised how many normal households own some gold coin or bar, not much in terms of weight but the average is 73g fine gold in my country.

>>19766165
Sshhhh
..let us be dreamers

>>19766215
Perhaps, but I'm sure no one ever thought the ratio would go up to or even past 100 ever, I can't see it going to it's historical average just because it's too manipulated and I think we'll always have that, but I also think that no matter what gold does we could see $25+ silver being the norm for most of the 2020s and onward imo, assuming hyperinflation doesn't kick in at any point

>>19762121
hm I only trade these in my IRA. SLV is more just like a stablecoin at this point although I'm up a couple grand.
>Look into I am gold, Hecla, and Skeena resources
thx fren. will do.

>>19751046
>when are we gonna see premiums on silver eagles drop?
when are we gonna see my dick be 14 inches?

>>19751401
you'll probably make it. If you have 100 oz and a few guns you'll probably make it. the key is wise spending. don't spend every dime on deep throating formerly well to do housewives and you outta make it.

proud owner of two eagles reporting in

>>19766193
hmm, interesting
>The 28 percent capital gain tax on collectibles is the maximum tax rate. For example, if you are in the 15 percent income tax range, your collectible gain is taxed at that rate. If your income tax bracket is higher than 28 percent, the collectibles tax rate is capped at 28 percent

That guy is a CPA too, which gives me hope. Maybe I was wrong. You're also right in that I probably wouldn't have to worry about it until I've accumulated much, much more silver than I currently have.
Thanks anon, I appreciate the info!

>>19759812
Jewellery is good because if the government ban gold ownership they will likely only ban bullion, which means you can leave the country with gold jewellery

>>19767279
2 eagles, somehow I assume you mean ASE's but I'm hoping you really have AGE's or maybe even a living bald eagle lol

>>19767340
You don't have to actually admit to having gold. Maybe you lost it in a sailing accident or traded it for magic beans.

Where is the EU apmex?