/biz/ - Business & Finance

silver is a pet rock

>>20311896
Can you tell me what this chart means? I'm having a little trouble.

>>20311896
into the filter u go

>>20311922
Goto sep 2020 and watch the volume number climb
16k now
It's unironically habbening

>>20312005
Ah, yes. From last thread:

>>20311938
the only reason people here love silver is because they're too poor to buy gold in any reasonable quantity :)

>>20312005
whats happening?

Why would silver spike before gold?

Also form the last thread, which other stocks in tankers and nuclear should I be holding other than just gold/silver? Or other areas outside of tankers and nuclear.

>>20312114
>Implying PMGtards don't have both
Yes anon, only poor people buy the bottom.

>>20312115
80 million ounces and climbing to be delivered in September. Since I made that post, the number has gone up by a little over 1.8 million.

>>20312114
nigger i probibly are better off than you kike,why are you so angry?are your golems not taking your shit anymore?

>>20312201
ok and what will that do?

>>20312320
Force the shorting market to cover the spread with delivery of physical metal, forcing them to go into panic buy to cover their spread. Think of millions and millions of ounces needing to be a market buy.

Bat bois
Whatcha want, whatcha want
Whatcha gonna do

>>20312378
so price goes up?how much will it be?

>>20312320
That's how much physical silver is supposed to trade hands in september. Remember, the futures market only generates obscene amounts of money as long as nobody actually takes physical delivery. Gold is seeing something similar, except it's for August and it's only at 4.6 million so far, but increasing steadily.

>>20312191
>only poor people buy the bottom.
And rich people sell the top.

WAGMI

>>20312320
Imagine, if you will, that you owed a loanshark a significant amount of money. There is no way that you could pay all of it off at once, but he lets you make payments on it, which are now almost equal to the entirety of your income. All you can afford to do is convince him to let it ride, but now he decides that he would rather have the money. You are going to have to suck so many dicks in a row that the back of your throat is going to have a permanent dent in it.

>>20312400
Probably $1

>>20312431
can you nigger stop trying to make oceanology with gay faggots in them and stop triennial to be cryptic,whay can not you people just speak in plain english without adding bullshit to it

>>20312201
If the price goes down between then and now, will those delivery orders be cancelled?

>>20312378
Whos shorting silver? Banks? I thought they already owned silver

>>20312474
Just trying to dumb it down, specifically for you.

>>20312474
weird for some phone fag to be complaining about proper english when he cant even fix the autocorrect errors in his post that make him sound like a word salad spewing schizo.

>85 million and no signs of slowing down
Fugg :DDD
>>20312476
I don't think so. It's telling that both gold and silver delivery numbers are both climbing rapidly for their respective delivery months. And if you scroll down on the chart, note how many zeroes there are in the volume column for every month that's shown.

>>20312527
>phone fag
dumb kike why can't you leave?all you dio is shit up the threads.no one here likes you

>>20312541
Are delivery orders manually requested by the investors or are they automatically requested when a certain price is reached?

Guys, stop feeding the troll.
>>20312565
Dunno. I assume manual, that's why we're seeing this insane pile-on in volume despite the price not doing a whole lot.

>spot just hit 19.15
Spoke too soon. We're in for a wild ride. Grab your socks and hold your cocks. It's gonna get bumpy.

>>20312618
Up over 2% in a day. Pretty good!

>>20312541
It's happening at 2am. What a time to be alive

Are canadian maples 1oz coins a good investment for an eurofag?

>>20311896

>>20312666
any government 1oz coin is a good investment as long as you get the best deal available

how the fuck does it keep going up? holy shit
cant wait to hear the TFMR podcast in the afternoon.

>>20312590
>manual
at 2 am? I dont believe that, unless people are literally being roused from their sleep cause their phone is ringing about the breakout. In which case this will only exponentially rise as the Western world wakes up and goes to work. But in a situation like this, a lot of people have probably set up an automated system for the price actions.

>>20312666
Philharmonics are probably cheaper but the maples are more impressive in the hand (minus the lizard kikess). You’re gonna just put the coins in a safe so it doesn’t matter what they look like in the end.

Good night /pmg/

>>20312666
Not in UK, satan. In UK buy UK coins.

>>20312505
Anyone who owns a lot of physical will short
silver as a hedge

to all those who hope for a dip. We are still in the dip. It's the last moments before you're forced to buy the top and suffer possible losses in the future

>>20312791
I thought all shapeshifter coins were created equal across all cucked "commonwealth" countries? Never looked into it too much though, I'm not from an irrelevant country.

>volume up 10 million oz in less than an hour
Slow down aaaaaaaaaaaa

Just received my tube of 25 brittanias lads.
Feel incredibly comfy ngl.
Also why is spot going up so much so fast?

>>20312922
>>20312878
5 million, whups

>>20312922
>Also why is spot going up so much so fast?
People are ditching their Stinkies to go into the real moon mission.

>>20312861
I cant tell. How long was silver at $49 an ounce before it dropped to $36?

>>20312922
JP Morgan lost 20% of their silver stash which they have been accumulating since 2012 in a single month. The comex has turned into a delivery mechanism due to arbitrage opportunities existing when they can get deliveries from the Comex at spot price then immediately sell silver with a slight premium on the open market.

They are allowing the price to rise so the flood of contracts standing for delivery will stop.

Should I open the seals? I want to touch my bullions but I fear that they will lose value if I do.

>>20313129
So will we see a big dip soon down to low $18 or mid $17 again?

>>20313129
>JP Morgan lost 20% of their silver stash
how?

>>20313171
60 million ounces of contracts stood for delivery at the end of June and JP morgan HAS to deliver or declare a Force majeure of the contracts.

>>20313204
You think they're really only down to 250m? I thought they had closer to 500.

>>20313204
so i need to bu ant the end of june?

>>20313153
If its a nice mint seal with a hologram or whatever you could leave it sealed if you want, but if its fiber tape from the retailer you should open that shit up! Gotta make sure you didn't take delivery of a tube of lead rounds, and personally I think the coins themselves are better anti-counterfeit than any sticker could be.

I just want some cheap silver bros..

Silver Chads rise up

>>20313387
You had a long time to buy it for peanuts, it’s still cheap compared to what’s to come

>>20313395
>>20313413
My posts are brown my ID says Doody and yes I am taking a shit right now

>>20313432
Based and shitposting pilled

>>20313395
>tfw no husband to buy silver with to protect our savings

Just put an order i for 8 1kg bars of argent

Hello /pmg/
International gold industry worker
Here to answer questions related to gold you may have
FAQs:
>JPM stacks like you wouldn't believe
>New players that have been out of the market for years are now reentering to get that sweet COMEX abitrage and high trade price
>ZERO OUNCES WENT INTO SHANGHAI GOLD EXCHANGE LAST MONTH (ZERO) (NOT ONE FUCKING OUNCE)
GET FUCKED CHINKS
I get alternately called a tripfaggot, a liar, and genuinely thanked for my help so YMMV
anyways, ask away

>>20313554
>zero ounces of silver went into china

Explain what this means for my stack and the world in general

>>20313554
Should I keep buying more?

>>20313595
Yes
I'm doing 200+ oz tomorrow
Shit's like earth crack
>>20313554
What's your estimate of JPM's silver stack right now after delivery for this month? Any comment on the Aug 20 COMEX volume?

>>20313592
Not silver, gold. China previously was the world's #1 gold producer and #2 gold buyer (india being number #1)
No gold going into Shanghai Gold Exchange is a big fucking deal for their economy as those deals either get done elsewhere (i.e. goes to the West to be traded instead) or gets held in storage until an opportunity presents itself such as COMEX abitrage
Keep in mind those chinks just had to admit to the world they were backing loans with gold bars made of copper and tungsten LMAO
China is in deep shite

>>20313633
Silver I have less visibility on as I deal with high value stuff (read: gold) not silver and gets managed by other entities. Historically they have been the #1 purchaser so it suprises me that they can't fill orders, but I'm also not surprised because they are a bunch of greedy cunts and endlessly bureaucratic so the rubberband snapping their fingers was due to happen eventually

>>20313637
What does that mean for gold stackers and the world in general? As for China, good I hope they get fucked and their stupid dam breaks.

>>20313480are u a woman?

>>20313717
You have to be 18 or older to post on this website

>>20313682
My honest expectation is that the gold price will continue its upward march as USD debt increases, demand increases, supply comes under fiercer competition at the production end.
Refineries in the world's biggest producers are under enormous pressure at the moment as the price continues to soar and demand continues to rise. Miners are having the time of their lives as the refineries continue to eat the production costs, transport costs, because the mine can just send to the competition instead. With the gold price so high, every big bank is knocking on their door and not filling that order means they go to the competition. Production is getting squeezed, demand going up, good time to hold stacks.
Of course the question is Where is the top? Not sure there is one.

>>20313741
nigger i am

>>20313717
Does that even mean anything anymore? Also, try not to get catfished (or worse)!

>>20313751
So what about the Aug COMEX volume? Up a million oz in the late hour alone. Silver for Sept is up 14m in the last hour....

gold coins or gold bars?

Just came back from the store, close to 100oz silver now and I got my first oz plat

>>20312005
nearly 20k now, why august though?

>>20313554
>ZERO OUNCES WENT INTO SHANGHAI GOLD EXCHANGE LAST MONTH (ZERO) (NOT ONE FUCKING OUNCE)

China has been buying for years while the times were good. Meaning chinamen have their savings already in gold. So it makes sense when times are tough for them to not be buying gold or even liquidating some to pay bills.

>>20313948
How much over spot did you spend on your silber?

>>20314053
21,95€ per toz but I dont know any place where you can buy anonymously that is cheaper

I would like to have the same coin in gold, silver and plat, maybe some other metals aswell, to compare

>>20312618
>>20312646

>>20314334
Frogbro are you watching the COMEX right now???? The numbers are off the wall.

>>20314373
In what unit is the volume on comex?

>>20314373
Yeah that's nasty, i should have made my screenshot now, because 5kg bars are now north of 3300€.

Can't tell if i'm happy the mega bullrun we all were expecting is happening, or if i'm sad because i didn't accoomulated as much as i wished for.
Feelsweirdfren.

>>20314334
Did you get two so that you could do curls with them? That's why I would.

>>20314182
Could have been much worse. My Canadian Silver got spotty so I’ve sworn off the stuff, nice stack tho.

>>20314406
Silver is in contracts of 5000 toz
Gold is in contracts of 100 toz
>>20314429
How long until premiums go up like a spacex rocket, do you think?

>>20312431
Based. So buy kneepads futures?

>>20314465
I got two becuz i have two hands, so i can't hold any more at any given time. One is on my belly and the other one under my pillow as i make this post. Since they got delivered last week they were more than 3 ft away from me. I grope them non stop. 5kg bars fondling is the best feeling ever.
I even do my /fit/ness using them. My arms already gained +3% in volume.
I also picked up 2 extra bars for my brother back then (he give me all his money he want to invest every month so i do purchases for him since he's not really knowledgeable in the matter, i'm a kind of bronager) and he's super happy with them.


We are literally making it frens.

>>20312527
Probably an iPhone too. What a trienial fag

>>20313924
Again, Silver I don't have heaps of visivility on, but i know for a fact that at least 10 ton of foreign gold will be arriving in the US this month
>>20313926
Depends on purpose
Bars are generally tax-free, coins sometimes are not depending on your particular shithole country. My shithole country taxes some gold if the tax office decides they hold more value that the simple value of the metal.
>>20314036
I have never known a time where they were not able to buy anything whatsoever. Reputation is everything in this industry and people already hated them just for being dirty chinks, now people know they're cammers too. Will be hard to recover.
>>20314334
Wouldn't get tooooooo excited - metal is a store of value, in my estimation. 1 toz of gold is always worth 1toz of gold - it's the cost of production, labour and the value of currency changes. Stacking gold will always be good providing there is a buyer that can afford it. Doubtful we will see real moonmission prices on silver (remember people use it in industrial products these days) but a $25USD toz price is definitely achieveable in my estimation, maybe in a year.

>>20313480
I'll do a silver stacking polygamy thing if I can talk my wife into it.
There will be a 500oz dowry that needs paid though

>>20314634
Who are the biggest players in gold right now? I just got into stacking recently and I don't have much exposure to gold.

https://stocktwits.com/symbol/KTOV
https://stocktwits.com/symbol/KTOV
https://stocktwits.com/symbol/KTOV

>>20314573
>How long until premiums go up like a spacex rocket, do you think?
Wont take long, as JPM stocks are getting depleted lightning fast.

Which got me thinking frens... Do we know WHO are taking delivery of their SLV contracts? As far as i know, it could be another trick of (((them))).
I don't think JPM is willingly getting rid of their precious dragon stash. What if the investors asking for physical are others jews doing it on behalf of the JPM?

Let me explain : we know there is FAR more paper ETFs than physical silver availible in the 4 big banks manipulating silver on the comex (1:180 approx). Maybe the kikes, knowing this very well since they are the ones behind this exrteme leverage, are simply exit scamming as we speak? They are now taking delivery, and once the others institutional investors want to do the same in few months : *poof*, nothing left for them. It would BTFO all the little boomers' investors who can't take delivery because they don't have enough SLV to take delivery (ie 5000oz) and all the goyim banks holding SLV positions for their customers.

Then suddently the SLV totally crash and burn, since 1 out of 180 physical ounce have been delivered and 179 boomers are left in the gutter, while physical start a mega-moon mission as everybody is freaking out.
Then, the various 'insiders' who took delivery first (in may-july-sept) can make bank, and give JPM their fair share of the profits. Or simply keep the physical silver hidden waiting for the global collapse.

>>20314742
JPM buys tons and tons every week. An absurd quanitity. They drop cash on gold like you and I buy fuel for the car.

>>20314941
That thought did cross my mind. The proverbial "flipping the switch" that an anon hinted at.

>>20314941
JPM would be legally obligated to deliver and liable to a suit if they did not deliver - remember futures are a contract. They'd be opening themselves to class action. In reality, JPM would have to buy more silver from abroad and the refineries would screw them on prices since they understand the position JPM would be in. They would get absolutely fucked by legal systems everywhere if they did not deliver

>>20315181
Do you think there is a single actor behind the events in august?

>>20315181
If they declare a Force Majeure I'm pretty certain they can pay out contracts in cash settlements instead of making deliveries. That would get rid of all their liabilities but imagine what would happen to the physical market the very next day, it would be absolute chaos the likes of which the world has never seen in a commodity. The price would explode and overshoot even fair value, it would go exponential.

Oh no...
Silver is above $19.00.
There goes my $21.00 an oz I had reserved.

PM BACKED CURRENCY INCOMING

https://www.cmegroup.com/trading/metals/precious/silver.html
110million toz due in september now

feels good man

>>20315393
where do you buy this cheap???

>>20315242
I'm not in a position to really have the best information about future events but when was the last time there was a single actor in anything
>>20315243
Force Majeure would be extremely hard to argue - there has been no disruption to the PMs supply. PM industry is doing better than average. One of my global offices has made (partially due to luck/right place tight time) their entire annual budget in just 3 months last quarter. The supply is there. They have more balls in the air than they should, is the issue, every court will see that.
But, it's not as though judges and lawyers aren't for sale, and JPM has deep pockets.
>>20315343
I get called names for saying this but I will repeat it.
Russia and China have been developing a gold-backed cryptocurrency for some time now.

>>20315406
celticgold

>>20315435
>gold-backed cryptocurrency
Because no one believes they're telling the truth as to how much gold they have plus its just going to be a mess regarding the devaluation.

>>20315531
their idea is to have a token that represents x amount of gold given the current supply of actual physical in possession and then settle on the net difference each period (likely month). This solves the cost issue with transfers and gives credibility to the phys-backed element of the exchange, in contrast to the silly paper metal market we have in the West. I have no idea how much PM Russian Federation has but the chinks definitely have 83 ton less than they claimed to have hahahah
Regardless, their objective is to immunise themselves to US sanctions by offering an alternative to the dollar-payment system, while also not pinning their hopes on something outside of their control like bitcoin. It's a good system in theory, the problem is supply; China was the #1 gold producer int he world so this in theory takes care of that, but it turns out they are a bunch of scammers, so I think this will set their plans back a year or two yet. When Russia starts demanding payment in gold for Europe's winter gas bill, we will know it's time.

>>20315393
I know that feel

>>20315663
decent, where'd you get yours from? are you having them store it or deliver it to you??

>>20315242
Hunt Brothers seeking revenge

My 50th ounce of silver comes in the mail today. It's not much, but this poorfag (and latefag) is going as fast as he can.

>>20315705
I found the cheapest Krugerrands at Munzenengel for €19.53, but it was a while ago they will be delivered to me soon.

>>20315821
>Munzenengel
and that is including taxes?? that is decent bro

fuck my life. i just started collecting... im not gonna make it

>>20316057
>>20315393
I started last week mate, you will have your chances, don't forget silver will dip sometimes too

>>20316086
yeah but now im in a bind. i was hoping to buy more later this month but now im thinking i should buy now (which i can but i dont want to give into panic buying).

>>20316132
well from other threads i have seen people claim the major holders of silver JPM are manipulating the market to keep the price down, you'll chance will come

>>20315940
yes everything, well except shipping costs but those where about 10 euro's

>>20316147
so you are saying the silver price is low? doesnt that mean i should panic buy right now ?

>>20315379
Currently it's already at 125 million toz. Crazy times!

>>20316192
costs me 20 yuro postage as i am in the UK, feels bad man.

>>20316198
the price is high it has been but, if you look at this, you can see that it will come down as people start to sell their piles.

https://www.bullionbypost.co.uk/silver-price/silver-price-chart/

look at 6 months for example

>>20316198
>doesnt that mean i should panic buy right now ?
Nah, you could probably just sleep on this one. No sense getting excited at all.
https://www.fxstreet.com/amp/news/silver-to-become-the-new-gold-credit-suisse-202007130721

>>20315379
can someone please give me a quick rundown on how to read this spreadsheet

>>20313027
Looks like about a month

>>20316761
so i read your link but i dont understand what is being inferred by "gold credit suisse" or "resistance"

Isn’t this bad? It’s the Gold/Silver Ratio futures

>>20313432
King among men.

OOOOOOOOOO

>>20313554
How do I get to working in the industry?

>>20315524
Has it arrived yet? I can't find any reviews on celticgold.eu. The prices look almost too cheap to be true

https://uk.trustpilot.com/review/celticgold.eu?languages=all

>>20317344
it is in transit via UPS tracker, i have seen someone on yt reviewing the site/gold

>>20316198

depends how much you have?

> 1000oz? no need to panic
< 100oz? yes, panic buy

>>20313480
Show vegana(and stock)

>>20317032
It's a hype article that popped up on my Chrome start page. I would take it as more of an indicator of market sentiment in the near future than accurate price predictions.

>>20317131
To me, GSR seems more like a side bet kinda thing for degenerate gambling addicts. This is /biz/ though, so that kinda thing flies here.

we're going vertical bois

>>20317473
nice one. i am tempted to buy more silver britannias from there since they're so cheap. i'm a bit bummed I used a site that's more expensive but oh well.

>>20317541
just a note, you have to manually transfer the money for both the product and the shipping (separately) with that involved i paid 21 euro on top of that price shown, though they offer free storage so technically you could just stock up your silver with them over a year or so and take a holiday to estonia and bring them back with you

>>20317475
i have less than 50 atm. im trying to build rapidly though. i was gonna focus on ASE's but that doesnt seem practical when british and south african coins are so cheap.

>>20317492
>these Franco coins
Fuck I want some so badly
Are you spanish?

And just like that, silver will never be below $19.25 an ounce again.

>>20317586
even with postage they are the chepest i've found. can I pay with with a GBP bank transfer?

>>20317708
>17€
NOOOOOO I WANTED MORE CHEAPIES
GO BACK GO BACK

>>20317724
you can use xoom (paypal service) they also suggest their own providers, it is about £1 with their provider for the transaction and 0.5 with Xoom, though i couldn't get Xoom to work (probably my fault because i didn't enter my info correct)

Shit boys maybe there is hope for you yet, REMEMBER THE BOOMERS ARE GOING TO BE SELLING TO LCS AT 20-21 go get that secondary market silver at low premiums!

>>20317587

unless you're super concerned about liquidity, i see no reason to prioritize ASE's over maples or britannias.

>>20317789
cheers, ill probably try them out

>>20311882
https://youtu.be/5J7IrPVLc4U

>>20317870
well i figured if silver didnt appreciate as much as i anticipated in the future that perhaps the collectability would help turn a good exchange

>>20317893
Apparently transferwise (the company i used) remove your fees for your first transaction if you use my link

https://transferwise.com/invite/u/oliverg624

>>20317870
also why are australian kangaroos so cheap right now? they are $22 atm

>>20318006

it's a common bullion coin, don't really see it being a collectible. the reason for the ASE premium is because it's seen as more liquid, at least in the u.s., but there's not a coin shop in the world that won't take a maple leaf.

>>20318073

they are like kooks with no mintage limits

>currently at 184 million toz orders for Sept

We gonna pass 200 million toz by tomorrow night. This shit is ridiculous.

>>20318021
Anon, be careful not to doxx yourself. You have valuable items.

>>20318146
200million in an hour or so

>>20318146
And we only have July 13th. If this continues at this rate, JPM will be stackless in September.

>>20318183
Thanks anon, it is only a ref link tho ^^

>>20318233
I relish the thought of JPM getting fucked in the ass, hard. This is just a drop in the bucket for them though, even if it becomes a big win for us.

Why do I like Kennedy half-dollars so much?

>>20318218
>mfw a 7 million jump in 6 minutes

>>20318233
WAGMI boys

>>20318344
We are about to break 200mil

>>20318379
and we did

Looks like panic buying is back on the menu boys

>>20318297
I would not underestimate the danger the current situation brings for the bullion banks.

Should only one of them have to declare force majeure, even the last PM investor would understand what a house of cards this is and demand delivery. The rest of them would get fucked so hard and so quickly, they could not even spell silver.

But I guess should it ever come that far, they'd simply invent a new way to fuck us over.

>>20318379
Are we dare I say it, on the moon mission?

Are we set to become rich? What is the make it stack? What will we do with out r new found wealth? Will we be hated? Will we be hunted? Will we have to buy large amounts of land to form our own silver communities for safety? I am
Excited anons, but the future of this does scare me.

>>20318146
uh guys you mean that there are 200 million oz of silver called for delivery from the comex?
should i leverage my stack to get a private loan for more silver right the fuck now?

>>20318509
We are currently at the very base of the moon mission. I have always said at least 100toz, I think 500toz is a make it stack.

>>20318548
220mil

>all the XRP schizos saying September is when the switch is flipped on the dual-PM based currency
>Big players calling in all their promised physical in September

What does it MEAN?

>>20313480
>tfw i dont trust women enough to protect them

>>20318603
>I think 500toz is a make it stack.
>the feeling when I just broke 650toz

>>20318548
We do not know how many people will eventually take delivery, only that there are currently over 42k future contracts, which is way higher than average. But looking at the past few months, it is very likely that the majority will demand delivery.

>>20318645
September is gunny be YUGE!!

>>20318603
>>20318658
TFW only 150 oz

>>20318720
You are still better that 99.9% of the population.

If silver moons like we all think, you’ll be pissed but rich and pissed that you are not richer. If it hits 9k per ounce I am selling my 100oz bar for a 200 acre farm and quiting my job to become self sufficient and autistically raise bees.

>>20318720
I've only got ~70oz... I feel the icy-hot fingers of panic reaching for my wallet

>>20318812
bees are cool

>>20318959
They are pretty rad anon.

>be september
Banks: WE NEED SILVER NOW!
Obrador: fuck off putos you ain't getting any of this mexican silver!

Bros I'm gonna go balls deep in ASE's if we get another dip below $18~, glad I have a lot of oz right now though in case we just rocket.

>>20311896
hahahahahahaha based

metalfags BTFO

i just bought 10 kangaroos for $21.83. it was a panic buy but i feel better now.

>>20319072
>if we get another dip below $18
I hope that’s the case. Sadly I think the moon mission is getting prepped. That said totally going balls deep as well. In all honesty will still probably keep stacking. I have 3.5K$ Jew bucks to burn and I am now wanting to just get rounds since I have a lot of bars.

>>20312114
when the grid goes down, it'll be good to have something to transact in that isn't gold

>>20319137
>21.83 each
sorry should have been specific

>>20319137
Did the same on some Brits. Bought 25 and also got some merc dimes (5$FV) just Incase the meme becomes reality..

>>20317344
I've bought from them and it arrives very quickly. Basically in 2-3 days from estonia to germany. The difference in price is because there's no vat on silver in estonia.

>>20319169
what price did you get for the brits? (that was what i really wanted but i didnt want to pay the extra $2 per coin)

>>20319204
>didnt want to pay the extra $2 per coin
Got them at 3.49 over spot.
Hurts but if the moon mission is here I’d rather pay extra to be a space cowboy than miss out and be a street shitting pajeet.

>>20319287
i was originally planning to buy brits and the american samoa bat coin but i still have less than 50oz so i need to stack whatever is cheapest right now

>>20315379
Its not at 234million toz in September, I dont know what to make of this, has there ever happend something like this before? They need to buy physical to be able to pay out everyone right? So the price should moon right? Anything else that could happen?

>>20319347
Understandable anon. Good luck, I hope there is another dip. But sadly we may be here faster then we all expected. I wish. We had. More time.

>>20319287
>>20319347
Can you guys get Asahi Corporation Standardized Trade Units in Eurabia?

>>20319421
I’m in New Jersey anon. So yes. But I believe JM bullion has been sold out.

>>20319421
most places are sold out atm, but when i can get an austrailian minted coin for a dollar more its hard to justify buying rounds

>>20319394
https://silverseek.com/article/extreme-comex-delivery-demand-continue

Largest delivery month so far was this July with 16k contracts / 84million toz. The historic average is somewhere around 4k contracts.

>>20299039
An actual coin dealer if you can get to one. They have them on the wall at my shop for next to nothing in comparison to Vcoins and similar. Google search coin shops or pawn shops in you area because some websites will specify if they carry ancient coins. You can also call the shops. Otherwise your best bet is Vcoins, but the premiums are ridiculous. Sign up and look out for auctions because that's your best bet to get a deal if you have a feel for pricing. This coin isn't particularly rare if you're not anal about condition, so just keep your eye out for a while and it will come up for sale.

>>20319394
They could unveil that replicator technology has existed for years and PMs are actually worthless ushering in a new age of technocommunism and making our stacks valueless

>>20319394
247million toz now, I guess the thread is so slow because the rest of you ran to buy silver?

why is there so much gold volume for august, and so much silver volume for september? is it normal for them have the bulk of their volume in different months?

Silver stackers sound retarded because the price expectations for a moon mission are wildly different, its even harder to tell if you're just memeing than linkies. You have some that think eventually breaking even on their premiums is a big deal, and then others talking about hitting 4 figures. I get its bordering on an autistic hobby for most here so the price is almost secondary but what the fuck are you guys really expecting to make in the next few years?

>>20319567
to be fair a development such as that would destroy the stock market in general as well. not just PM's. the problem is that whoever controlled such a device or process would immediately hold a monopoly over the global markets.

>>20319641
253Mio toz now

>>20314634
>now people know they're cammers too
Since Bill Clinton granted Most Favored Nation status on China, was there anyone or any entity of importance stupid enough to believe that China was going to be a straight dealer? Can you name any person or entity who only recently "discovered" China is a grifter nation?

>>20319687
Yes that is normal, gold and silver have different delivery months.

wheres the link for delivery's

>>20319688

in 3 years, i would be surprised if silver was under 40, and not surprised at all to see it above 50

>>20319688
The global economy is on the brink of collapse because the world reserve currency is teetering on hyperinflation.

Who the fuck knows?

>>20319641
I'm watching these contracts, currently blasting past 255mil oz right now

>>20315243
>I'm pretty certain they can pay out contracts in cash settlements instead of making deliveries
Hasn't that been true for decades? That is exactly how the futures traders broke the Hunt brothers when the Hunt brothers cornered the silver market in the 1970s. The Hunt brothers had the banks on the ropes and were demanding delivery of a ruinous quantity of silver that the banks couldn't deliver at any price. The authorities stepped in, declared that the banks could just pay the cash value of the futures, and that broke the silver bubble and the Hunt brothers.

>>20319746

what's the reason for that?

>>20319641
I added $13000 to my silver positions today, and $2000 to my gold positions.

Shit is getting real real.

>>20319688
Store away of value. Paper is continually losing value, especially with all this Trumpbux printing. I may not have "made" money, but I also haven't lost any letting it sit in the bank.

>>20319688
I expect to not lose all the wealth I got, so I store it in pm that are known to do ok during crisis we are in. You don't have to be richer, just don't be poorer when currencies overprint. In the land of blind one eyed man is a wizard.

>>20319716
Last month there were only 320 million toz in Comex vaults, of which 84million were to be delivered this month. Meaning in theory there should be only 236million toz left.
Hopefully every single of these future holders will call for delivery next month.

>>20315635
I'd be very surprised if any country using a Chinese cryptocoin backed by gold doesn't regularly redeem the cryptocoin for physical bullion. If I am correct on that, then the cryptocoin has essentially zero use and China would be just as well served using standard electronic ledgers. I cannot imagine anyone trusting a Chinese cryptocurrency to not have some sort of trick built into it.

>>20319899
Signu signaqua, bitch

>>20319854
>added $13000 to my silver positions today
Dang anon. Balls deep.

>>20319688
I expect silver to hit $40 within the next year.

After that it depends heavily on where economic policy is sitting at that time - it could stabilize, maybe even drop back to $30, or it could go to $500.

Silver absolutely mooning today, lads, and I have no idea why. Any thoughts?

>>20319854
Monster box of ASEs?

>>20319911

>>20320111
Read the thread, nigga. COMEX futures are at 265.8 million toz for September.

265!!!!!

>>20319761
I will be shocked if it doesnt hit 50$ next year given the acceleration of the collapse of political and economic systems.

Remember in 2011, we just had stutters in the economy, and much more ammo to deal with it.

Right now we have no rates to cut, pandemic/BLM insanity, and the helicopter money is being given to quite literally everyone.

tfw

>2oz gold
>170oz silver
>1650 XRP

The Silver surfer is coming.

>>20320174
But eventually the 53k are just the trading volume for today. Total open interest for September was already at 138k contracts per last Friday.

https://www.cmegroup.com/trading/metals/precious/silver_quotes_settlements_futures.html?optid=458

>>20320199
Checked and disturbing human trafficking pilled.

>>20320199
14k XRP and 70oz silver. Time to focus on my PMs

>>20320174
No need to be rude m8. I just meant why today as opposed to yesterday or Friday.

As a general question, what's everyone's favorite round or coin that they own, or just their favorite in general? I'm a big fan of ASEs & AGEs, mainly because I'm a sucker for lady liberty iconography.

>>20320143
Oh yeah, that's REALLY nice.

>>20320296
For me, austerity is beauty. The less on my coins/bars the better.

>>20320296

the 2oz queens beats are nice. wish i got more of the dragons.

>>20320034
At this point for me it's a question of, what else is even a reasonable option?

Stock market has pretty much gone full retard thanks to central bank policies, with unreasonable risk/reward. I have sold off 90% of my stocks in the last month. I still have $7k left that I will hold until around September because I am expecting certain events from those companies into the fall, independent of COVID concerns. I had originally planned to hold all my positions until August, but I feel like peak insanity is coming faster than I originally expected.

Bonds are untouchably fucked.

Real estate takes more capital than I have available, and even if I did it is badly inflated in any of the places I would want to own property.

Cash seems like a shit idea while banks are printing shitloads of fiat - especially if there is another round of trumpbux (which I expect). I keep enough on hand for a couple months of expenses.

I could go into commodities like oil, wheat, sugar, etc. But I don't know enough about most of those markets to make an informed choice about the risks or upsides. Oil I am reasonably informed about, and I don't like the risk/reward on that right now particularly for western markets.

Crypto is still too speculative to me for serious saving/investing.

So to me, silver/gold are basically by last resort the place for me to park my savings right now.

why is it all happening today?

>>20320199
It's cool, they pay taxes on those trafficed kids.

>>20320514
its been steadily going up over the past few months. the fed is printing money as fast as it can. its an election year and 50% of the population wants to live in a welfare state. also people in general are buying bullion at unprecedented rates

>>20320451
medical manufacturers
arms/munitions/war material manufacturers
are the safest bets for stonks

PM's otherwise.

Land if you want it to use, value will tank once land speculation and international schemes where foreign countries buy it all up end.

>>20320568
yes i know i've been following but what caused the dramatic increase in futures contracts? i don't understand the paper market

>>20320514
Something may have come out over the weekend, or some email to the big players.
>>20320451
This is my thought pattern, too. I own some suicide stacks of crypto (XRP, XLM, BAT, 0x) and am putting the rest into miners and physical. I just want to have children and raise them safe in this clown world.

>>20320599
They fired the AG for the southern district of New York July 3rd, and replaced him with a sledge hammer coming to smash the manipulators and they are stacking for when they have to pay RICO fines

>>20319716
282Mio toz now, can this end in any other way than in a dramatic price increase? I am about to ask my parents for money to double my stack

>>20320772
>I am about to ask my parents for money to double my stack
same strategy here, i have 12 tubes, gonna use my stack as collateral to borrow, seems best i can get is enough for 4 tubes, i would normally be able to stack a tube a month and the loan is interest free so of course it is worth it, especially considering that the price might be much higher very soon

>>20319347
>>20319401
Even if there is another dip in spot price, I have a hard time believing premiums will fall too. Demand for physical is high and the spot price doesn't reflect that

We're going to pass 300million by quitting time today. As of 2010 there was only 953 million toz in reserve across the world including 120mil of private bullion and 240mil in ASEs. Does anyone have updated figures on that?

>>20320939
its regrettable that i stopped stacking so soon in 2016. now im playing catch up. 50oz isnt much but maybe 20 years from now it will be worth the financial sacrifice now.

>>20320939
with spot its 36$ for and ASE in canada

>>20316761
>>20317513
Interestingly enough, the silver article on my Chrome start page has been replaced by an article about a propessional blackjack player (?!?!) telling people to buy XRP, of all things.
Huh, (((weird))).

>>20311896
>pet rock rn

should i FOMO y/n

>>20320772
>>20320999
>>20320901
are you retarded? This is just the Volume that has been traded back and forth today, on last thursday it even reached 103,408, see https://www.cmegroup.com/trading/metals/precious/silver_quotes_settlements_futures.html?optid=458#tradeDate=07%2F09%2F2020
This whole threat is circling around a Nothingburger

>>20321374

Duh, yes!

>>20321374
A for absolutely

>>20321374

nah, she will come down

>>20321310
*Professional blackjack player.

>>20321396
>Are you retarded?

Where do you think you are?

>>20321416
Missed out on the greatest wealth transfer in history. Many such cases, sad.

>>20321548
i ahve 12 tubes but i can get a loan for 4 more TODAY interest free

>>20321574
>interest free
Based an non usury pilled. Bad ass anon.

>>20321374
I almost FOMOd in today but I'm going to relax and check back later. It's never good to panic buy.

>>20321396
I Would not say it is completely a Nothingburger since the open interest is still higher than average. Last Friday it was 168k contracts. How many will eventually be called for delivery is still unclear, that's true.

>>20318720
>>20318812
>mfw only 13 oz

>it just continues to go up
damn, seeing this climb on a week to week basis really activated my almonds

>>20321833
Context on the pic?

>>20322085
just some joggers jogging

>>20321827
90% of contracts hopefully

>>20322115
They look pretty white to me though

>>20322379

pale skin is irrelevant to "white"

>>20321364
based petrocks turning into moonrocks
>>20321374
Y. BIG Y

Jeez silver is moonan

>>20313480
You will never pass tranny

>>20322191
Kek, this would be 750 million ounces.

>>20322894
Probably people cashing out their overvalued stocks, trying to buy into an asset that isn't overvalued as fuck

Have ~30oz coming in the mail today and I'm just stuck in my wage cage waiting for the time I can go collect. Post stacks on me, boys

>>20317603
Yes
I have plenty of them they are called pakillosthey are our equivalent to murrican junk silver,only 80% though but it really comes to show how decades later he kept some if the spanish lower class from starving since a lot of old timers have some even if forgotten in their homes.
Most of my silver is into those,and some are in mint condition,bought them tax free on a spanish Craigslist equivalent.
This one is a commemorative one,pure silver bought it at weight value,it's sad but widows and grandsons sell them for waaay less than weight value to pakis that just melt them.

>>20318720
>mfw 20oz baby stacklet poorfag who discovered pmg last month
i'm NGMI, i want to kms out of despair. I wish i got redpilled about silver way sooner. I've just enough money left to pick up another x20 tube and that's it...

>>20323715
Which kind did you get? ordered more merc dimes yesterday.

>>20323886

you still have some time, and even 20oz would put you ahead of most.

>>20319452
Thanks for the heads up, just picked up a tube them.

coins > rounds

>>20323886
Similar boat. Look at it like this, you are still going to end up better than most people and silver will only go up as inflation increases. We will both build our collections with what we can and will ultimately be better off than the consumer-tards and debt slaves

>>20323940
I have a 10oz bar, 18 one ounce generic rounds, and 5 one ounce Silver Shield pieces imma gift to my friends

>>20324225
Nice, I could only afford half a tube right now, plus I don’t want to give into panic buying just yet. If it continues throughout the month then I will panic

JESUS FUCK... https://youtu.be/9EOPKizJ_Y4?t=448

First ever silver order just arrived.
A meek 4oz, very happy with it none the less.

The leaf came with a plastic pocket slip is it safe to store them like that?

>>20324268
Yeah this is the first time i've bought in months, was able to get some ounces in at $17 back in march, I just pray these pedophile elite bankers manipulate the price down just one more time, for old times' sake.

Over 19.8 now

>>20324425
Congrats fren, looking sharp! You'll want to keep them with desiccants for long-term storage, but should be good in food-grade plastics

>>20324521
My personal feeling is that this is a bump. If stocks continue to soar the price should dip a bit. But I’m not super educated in the subject and only have surface level investment knowledge. It’s extremely rare to see a straight line up. The question is what will the premiums do

Silver RN

>>20324541
if it dumps, we know (((who))) did it

You guys know silver is just gonna dip again soon right?
You might as well sell now and buy more when it does

You're not holding on to it in the hopes it'll keep getting higher are you?
You DO want free money don't you?

>keep waiting for a dip
>shiny rock keeps going up
time to fomo. if I'm buying the top i fucking swear to god

>>20324541
There has to be some sort of correction of spot back to like 19.20 or something right?

>>20324836
Look at it this way, it will go up higher than you paid in the future.

>>20324833
Of course it will. Nothing goes in a straight line (except TSLA). The point here is that we're seeing a significant breakout, higher high, and knocking on 4-year highs

>>20324836

the top, lol

it's 50% off compared to 9 years ago. the financial system and our debt levels are way more screwed up today than 9 years ago. every oz you buy at these prices is a gift.

>>20324875
>>20324920
I hope you're right frens, I'm just a pussy. I'm also a major stacklet so it doesn't matter that much

>>20318812
Being a beekeeper sounds great. European bees?

>>20324988
>Implying "Africanized" anything aren't just good for destroying already existing constructs

>>20324988
>European bees
Yes anon. No nigger bees for me.

>>20323882
Do you know what's a good price for them?

>>20324920
>buying a clear depreciating asset

>>20325225
>>buying a clear depreciating asset
We are talking about silver anon not your mama.

>>20325225
But anon, I already get paid in USD, why would I buy more?

>>20319863
This! It's an inflation resistant/inflation proof savings account. You still need investments like any rational person, but your dollars are withering on the vine if you leave them in a savings account where the interest accrued far lags actual inflation.

>>20312768

>>20324920
not only is it a gift, its a stone thrown at the comex deliveries, every oz that gets minted has to stand for delivery

>360 million and climbing

>>20325549
this
it might be time

>>20311882
lads what stocks / etfs should I buy to get in on the silver explosion?

>>20325549
Should photoshop "feels" over the "silver"

>>20311882
brb. literally running down to my bullion dealer

>>20325597
physical

>>20325549
Where can I see these numbers?

>>20325597
Physical only buddy
Fiat is worthless

>>20325675

>>20315379

>>20325597
Buy physical
Physical is about to moon, SLV will crash

>>20325597
If you want to speculate, you could look into buying platinum. I've been hearing a lot about that stuff, lately.

>>20325741
Such as? Please elucidate us

>shiny rock goes up
>People who find shiny rocks go down
Why is the market so gay

Wait a minute. Volume is at 73k, but open contracts for september are only 61k. How the fuck does that work?

>>20319977
Chinks prob wont even let you redeem for gold. Even if it was on paper that you can redeem you prob would have to be a communist party official to even get some.

new >>20325940

>>20325820
Current trading volume for the date selected vs open contracts

>>20318812
but the hyperinflation means that all that currencerinos will only buy you a box of wheaties

>>20326024
Ah gotcha

guys..holy fuck... did JPM lose control today or something

>>20325549
>>20325604
my attempt

>>20326396
Fuggin saved

>>20326396
amazing