/biz/ - Business & Finance

W-why weren't they able to knock it back down this time??

>>20364908
They are finally going to let it fly

>>20364834
first for animes!
for me, its smug Nico bully gf time

>>20364908
NO MY PRECIOUS UNPUMPED BAGS.
I'M AN IRATE PIRATE RIGHT NOW BOYS

OP forgot to do the

FWTDHWAHQUD status-- {just now seeing the PM hype enter her normie social media feeds}

Good job removing the "[embed}" though.

>>20364834
im holding out for the next dip.
gonna go back down to $14 /oz
thats when i swoop in and scoop it up
swoop and scoop frens

>>20365258

good luck, anon.

>>20365258
it's not coming

>>20365258
>he believes in the dip
NGMI

Peter Schiff on Rogan, should be uploaded either today or tomorrow. Lot of comments making fun of schiff and goldbugs in general. Feels bad man

>>20365258
Your joking right?

>>20365335
bullish, shows how early we still are

>>20365335
I'm gonna be annoyed if he does his Puerto Rico schtick again

>>20365357
This, the oppressed silver gamers will rise up one day and our enemies shall kneel before us

Pan man if you see this comment I was curious if you know anything about Tower Hill Mines, McEwen Mining, and Northern Dynasty Minerals?

>>20365430
I ve heard the names but I dont know them. Where are they operating / wheres there corperate hq?

I don't know anything about the silver mining space. Seems like that really long silver bear market ate them all up or forced them to merge into gold as well. Is AG a good pure silver choice?

>>20365430
Yeah, they're trash. Avoid.

>>20365341
so.ething will happen and there will be a huge sell off and then back to the dip
when it went to $30 and $40 after the last crash it just peaked and went back down
im ready to sell at $40
then buy at $14

>>20365566
it cain't gonna crash this time though

this is the beginning of chaotic unending meltdown

I just bought some coins.

>>20365480
I heard of TH and McEwen from this video I just don't know if there's credibility, I've very new to PMs.
https://youtu.be/gksenA5Al_A
at about the 10:00 mark
I just hard good think about NAK from their pebble project supposedly being huge.

>>20365610
post pics fren

>>20365590
I think you're trolling but it's hard to tell since you may unironically be right

US dollar is about to suffer some stresses that could very well break it.

>>20365642
no

so guys, we did it. We managed to push spot up so much that comex market makers had to bid up the price of deliverable contracts

>>20364888
>electrum
https://en.wikipedia.org/wiki/Electrum
>The first metal coins ever made were of electrum and date back to the end of the 7th century or the beginning of the 6th century BC

Thanks Pan Man, I learned something today.
Also--
>The gold content of naturally occurring electrum in modern Western Anatolia ranges from 70% to 90%, in contrast to the 45–55% of gold in electrum used in ancient Lydian coinage of the same geographical area. This suggests that one reason for the invention of coinage in that area was to increase the profits from seigniorage by issuing currency with a lower gold content than the commonly circulating metal. (See also debasement.)
Lol, literally from day 1...

>>20365430
Tower Hills Mines looks like a major resource and they have done some serious drilling work to prove up their Livengood property, but I dont know why they havent partnered with any of the big companies to get it going.
McEwen Mining is very good, they have a lot of operating projects and plenty of exploration work on others for the future. There stable and well managed.
Northern Dynasty Minerals has the Pebble copper gold property in Alaska, one of the largest deposits of its type in the world. However, I would be causious of this project specifically, as its still got a few court cases to finalize before everything gets total go ahead. Its been a long time since I looked at the Pebble project, I thought for the longest time it would be dead on arrival.

BEHOLD.
my rocks

Is it just me or are these steps of higher lows and higher highs today super bullish?

>>20365680
the uber depression is coming

they are already trying to prepare us with talk of a 'new normal'

>>20365718
chart?

Oh shit 2020 Germania Tit Rounds are available for pre-sale on Apmex.

>>20365693
Thanks Pan Man. I'm trying to focus on quality projects regardless of short term issues like some share dilution with Northern Dynasty as long as the project shows potential.
https://www.fool.com/investing/2020/07/10/why-northern-dynasty-limited-stock-fell-12-at-the.aspx

>>20365725
I'm no analyst but looks bullish to me

>>20365722
You jest but you're probably right.

We're shutting the country down again from about September to February. Shit is about to actually go down.

>>20365722
i think Canada's government is going to start saying "the new normal" first before the US does. We dont even have a federal budget out yet for this government, were getting destroyed and everyone with a brain knows it.

>>20365765
boobie rounds

>>20365799
dude... they have literally been playing commercials non-stop saying "new normal" this and that. we arnt joking

>>20365765
She looks like a whore. Brittania forever.

>>20365768
there is still a ton of pushback against the Pebble project because people think it could utterly destroy salmon stocks in the Pacific if a tailings spill ever happened.

>>20365804
source on doll?

>>20365834
o fuck really? I havent watched TV for ages.

>>20365701
RESPOND

How the fug do I find decent 1oz coins for less than £25~ in bongland

why is the premium so batshit insane here? small market?

>>20365861
is that the cyanide heap leaching project?

can't remember, I haven't seen it in the news for a few years

>>20365701
I LIKE THE WARRIOR BARS

>>20365701
i love the hand poured ingots, they look so dam good.

>>20365701
GOLD IS COOL I SHOULD BUY SOME

>>20365937
Did somebody say hand pours?

>>20365937
We should be doing a series of homemade fantasy bars for the collectors markets. I bet we'd sell a handsome handful

>>20365972
>off by .04
awesome bars

>>20365921
no i think its a standard medium grade bulk tonnage open pit mine, their website doesnt mention how they plan to concentrate their ore. A project that scale and location wouldnt probably want to use a heap leach pad anyway, its too cold in the winter there for the process to be effective.

>>20365937
Same, theyre so rugged and old world. Makes me feel like Sir Francis Drake pilfering the Spanish flotilla of all its treasures
>>20365972
Goddamn loving the chunkiness of that 5oz

>>20365972
ahhh man thats perfect
>>20365979
I did look into getting "Pan Man" bars / rounds done, but at the moment the costs / return wasnt good enough just yet.

>>20365890
Piperdoll

>>20365701
Fuck yeah my eagles are being delivered today

>>20366039
nice. i ordered some ASEs over two weeks ago still hasnt even shipped yet

someone give me the rundown, I have a big position in gold but not silver.

I looked at silver historicals. My use of precious metal is to purchase stocks during the next downturn. Seems silver is way more affected by the economy in previous downturns. I get the current ratio implies its undervalued, but if I did value investing I may as well shoot myself.

>>20365996
ah, good to know. I suppose they're worried about acid mine drainage then? Seems like it's a non-issue with modern processes.

>>20365692
nihil novi sub soli

>>20365982
They're so cool, it's a shame they're really expensive.
>>20366021
100% same, it's got a heft to it that feels good in the hand.
>>20366032
Thank you! They're deffo my favorites.

>>20366032
I'd love to see "Pan Man" bars but I'm guessing we'd sell a lot more if we made Virginia City or Skagway or something bars for the tourists

>>20366073
Get that faggot out of the way and let me see those titties.

>>20365856
Why not both (whores)?

>>20365972
Beautiful but not being round numbers would set off my autism

>>20366068
with what happened at Mt Polley in BC a few years ago there's been a major push by environmentalists to be more cautious with tailings management and fish in general. Its mostly bullshit but they are right, its probably not the best idea to put a super pit right in the middle of one of the largest salmon spawning areas in Alaska.

>>20366108
p cool but waaay overpriced

>>20366105
Looking at my stack of cross-beams really hard right now.

>>20366115
lmao who cares about some dumb fish, we need gold

>>20366109
Personally I think that it makes them better, but I can understand the feeling.

>>20363397
works out to almost 90 syrup bucks with shipping, import duties, and tax,

>>20366120
I had to get just one. The two ounce version is waaaaaay overpriced though.

>>20365779
based 4th of July buys

>>20366197
yeah. i really do like all those Germania rounds alot. i wish i had at least a few of them

>>20366221
Keep stacking boys! WAGMI!

if your silver bag doesnt weigh more than a newborn baby

it should

>>20365779

zoom out

>>20366245
Hell yeah, boi! To the MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON

Anyway, I was thinking of hoovering up all the sterling and silver plate from the good wills around here to dissolve in nitric acid, recover the fine, and pour into my own hand molds. What do ya'll think of THAT?

>>20366035
Thanks!

>>20366257
a baby what?

>>20366292
Sounds like a lot of work for not a lot of return desu. For one, where are you going to get nitric acid in bulk? Recovery facilities?

could buy some metal

could pay to get my rod schlurped on

>>20366108
Damn that is sweet

>>20366302

human

The average birth weight for babies is around3.5 kg (7.5 lb), although between 2.5 kg (5.5 lb) and4.5 kg (10 lb) is considered normal. In general: Boys are usually a little heavier than girls. First babies are usually lighter than later siblings.

What if instead of pouring bars, you poured silver dildo's? Imagine how MADE IT you would feel sliding your hand poured .999 fine ten incher complete with textured balls up your poop shute.

Also, real PANMAN, don't let us scare you off. We're doing this because we love you, not because we're trolling.

>>20366412
no problem i am just crushing those logging road rocks i found today, i cant get good photos of it, but they have gold in them for sure, oddly enough though no other heavies. Must have weathered out a millenia ago.

>when you wake up in the morning and shes waving her big butt in your face gain
life is suffering

>>20365258
If the spot dips, an increase in premiums will keep the sale price steady if not increase it as well

>>20366412
I know and I appreciate it. Love you too

>>20366257
I was just a c-hair under 13 pounds when I was born, and I have just over 14 pounds of silver!

>>20366501
nnoooooooooo!!!
i want to buy the dips

is it our time brothers

>>20364834
My old coin stack and some Roosevelts I have found in my till

>>20366472
Interesting. Any sign of that big lode you mentioned earlier?
>>20366507
Basado

>>20366331
Yeah well, panning is also a lot of work. If I can get the sterling pieces for cheap then I'm sure I can net some good money out of is when the price of silver rises.

oh fuck

underboob dollars reporting

>>20366636
gof bless China

>>20366652
You're deranged, I wish I had one too.

>>20366607
I am hoping it didnt end up as road bed, loggers love finding bedrock because it helps build stronger roads and its cheaper to source building materials near where the wood is than hauling it from elsewhere. Pic related is where the gold quartz came from, its all over the place. The original vein at surface may be obliterated.

>>20366666
holly shit those numbers.

>>20366666
Based and realdoll-pilled

>>20366666
checked

>>20366741
If the surface vein is gone, can you still get to the rest of it? Also, gorgeous gold quartz you got there, very jelly.

>>20365535
Pure silver miners are Pan American Silver (PAAS) and Hecla Mining (HL). Hecla is on a tear because people are piling into the stock.

>>20366795
I am going back as soon as i can, but fuck is it ever dumping rain down again. Hopefully my truck can make up that road when its slime. There should be part of the vein exposed but it could be now under the road. These veins are tricky too, the golds not consistant. It could have been one really gold rich blob near surface and the rest could be way lower grade.

>>20366666
holy checked

>>20365765
they were supposed to ship june 30. my whole order got delayed by 3 weeks >:(

>>20366652
how much can you resell that sextoy for?

>>20366636
>Peter Schiff
>Posting ZeroHedge
anon...

>>20366520
>copper bar
>not heavy enough to use as a weapon
If you don't have a literal brick of copper, than why have any at all?
The only reason I'm interested is to obtain that classic trapezoidal gold bar aesthetic.

>>20366549
Just buy it now bro. 20 dollar silver is still unreal

>>20366666
does this mean i should buy more silver?

>>20366994
Yeh

>>20367037
okay Mark, I trust you.

>>20366476
How much did your gf cost?

>>20365861
one last question. If you had to recommend a few resources/conventions or anything to research, what would they be?

>>20366666
Absolutely degenerate

>>20367085
1500 is the cheapest I saw, I would get fat one
>>20366035

>>20366938
>If you don't have a literal brick of copper, than why have any at all?
Here's why:

>>20367141
not sure what kind of resourses / conventions your looking for? Are you after things like industry conventions like Minerals North, AME Roundup or are you after technical data / info?

>>20367053
I'm buying more tomorrow for sure

>>20367085
Cost: about two weeks pay
Value: Priceless

>>20367350
A part of me wants one of those hyper thicc ones but, I would hate to have some sort of emergency to happen to me because I pretty much know every first responder in my town and that sort of weird shit would travel fast.

Is gram gold a meme or no? I want to start hoarding rocks and I'm thinking 3oz of silver (2 rounds and a bar) and a gram of gold is a good start but not sure.

Anyone use Boldpreciousmetals.com before? How are they?

>>20366257
If you don't own an average fully grown adult Americans weight in silver you're going to regret it.

>>20367456
you can always just spazz out like me and but 100 oz of silver off the bat.

>>20367456
Anything is good. start with what you can afford. shop around to try and avoid higher premiums if you want to save a few buckeroos

>>20367422
Dude, people are considered "stunning and brave" for chopping their dicks off and reinstalling them inside-out, I don't think you'll have any problems unless you start taking your fuck-doll on walks around the neighborhood in "her" wheelchair.

>>20367214
>to display my support for a politician
Anon... what the fuck?
Do you also donate to political campaigns?

>>20365799
New normal was a phrase I heard all over the financial news when the shutdown was just beginning. Does it mean something in canada besides "the service economy and business travel are never going to return to what they were"?

>>20367468
>own an average fully grown adult Americans weight in silver
i cant afford 300 pounds of obese silver right now

>>20365556

Hate this shit. Explain yourself.

>>20365430

Rob Mcewen founded and was CEO of Goldcorp until they got mergered, so he's been known to be successful and has a track record of returning value to shareholders. His average share cost in Mcewen Mining is pretty high IIRC, and he takes no bonuses, and as well takes a $1 salary. He's only making money if he can make you money.

By all accounts and interviews, as well according to all the Canadian awards he's won, he seems like a solid guy. Check out some interviews on Youtube, he's very Candid about how his Gold Bar mine has been fucked up over the past year, and lays it all out. Some Geo fucked him over when they told him his deposit ran horizontally instead of vertically i think. Then his machines kept breaking down and needing maintenance.

Mcewen's copper mine in Argentina is problematic as last I checked Argentina has environmental protection laws for their glaciers, and the Los Azules property is nearby glaciers. Look up Argentina, mining, glaciers.

This is why Mcewen Mining is under performing compared to all other Gold stocks. However, you can bet on a Jockey or the Horse in this sector, or both, and this would be the case of betting on a champion jockey to turn the ship around. If you think he can do it, it's a pretty cheap entry point.

Northern Dynasty's Pebble property is massive, but there have been huge environmental pushbacks and even Trump couldn't move the project along. The first return for Pebble Mine on google gives me an environmental website against the project. The resource sits upon the world's largest wild sockeye salmon run at Bristol Bay that supports the livelihoods of locals. It also sits on an earthquake zone. So if something ever happens, a lot of nature and local jobs would be ruined. Some real Avatar shit here.

Do your own research, this was largely from memory.

1k silver toz is the suicide stack.

Where are you at my chads?

>>20367521
Hate what shit? The names or the post? I'm doing the name as tribute to based PANMAN, I don't know about the rest.

>>20367521
Thanks friend. I'm already aware of most of the miners talked about here, been trying to find some I haven't seen mentioned. Appreciate the insight

>>20367501
I do remember CBC was saying things like "times are changing, be ready for new challenges in your daily life" type bs but nothing like what were taking about, but i dont religiously watch the news so i could be mistaken.

>>20367593
I'm right here....I might be considered a whale

>>20367521
thanks for deep diving into those companies, I am doing like 3 things at once here.

>>20367657
900 toz reporting in, finishing my k by the end of the week

>>20367694
>900 toz reporting in, finishing my k by the end of the week
I’m jelly anon. Posts pics when you become Kang status. I’m finally getting to 700oz! I WISH WE HAD MORE TIME!

>>20367657
>i dont religiously watch the news
Nor should you. You can earn more with your time by going out and mining, and most news is just speculation on "X might happen" anyhow.

But I'm a bit addicted to stocks and feel the need to pay attention. And since I'm in the US and long the USD, I'm VERY concerned with what Congress, Mnuchin, Pelosi, McConnell, Trump, and the Fed have done.

And that's not in the news. I've only heard the difficult subject of the dual-risks of deflation and inflation discussed in one NPR podcast.

>>20367626
>I'm doing the name as tribute to based PANMAN, I don't know about the rest.
I think one dude was trying to be snide but I jumped in because I like the Pan Man and he should know more of us appreciate him than not. Don't let the troll get you down, bury him in playful bantz

>>20367748
I do try and keep up to date with whats happening, but holy fuck does the identity politics and other bullshit out there currently suck. I just want to know current events, not know why some obese black trans person is whining at Trump for today. Its why I cant watch CBC anymore, 2016 killed them and a lot of other major media.

>>20367593
I currently have about $21,000CAD spread between PSLV and SLV. I'm going to add another $9500 into SLV tomorrow, so I'll be right around $30K CAD or more or less 1100oz in value.

If shit starts to go sideways I will sell of a bunch of it and buy physical.

>>20367823
If shit goes sideways you may not be able to sell them for dogshit.

>>20367812
I don't know about Canada but the news media in the US was already dead even before Trump ever announced he was going to run for president. All Trump's election did was pull back the curtain which caused the media to double down and start inventing news stories so ridiculous that only the stupidest or most deluded people believe it.

>>20367812
As much as I hate that, it's a distraction.

The US just printed, loaned, and borrowed a shit ton of USD, and the lions share of it is going to the execs at the top of the biggest corporations in the US, and the pockets of the political elite.

And they say the REAL problem is giving TOO MUCH to the unemployed middle class, so they have to limit benefits to the lower class.

Niggers on 4chan would rather bullshit about gays, jews, and blacks. They're not paying any attention.

Sorry for the lecture.

>>20367990
>Executives
>not Jews
Anon...I’ve got some news for you..

>>20367793
Damn skippy. I'm sticking with FLAN MAN though because I love flan.

>>20367812
Did you ever look up silver miners or did I miss it at the tail end of the last thread? Ill go look

>>20367485
That's kind of what I've been doing. Trying to go to some local dealers but COVID is making that more difficult.

>>20367990
i hope when we find out how much Canada is in debt we kick Trudeau out and get someone competent in stead but I dont think thats happening. Were boned, but were not boned on the level the US is going to be when this is all said and done.

one of the doll anons was asking about the sights on my pistol the other day, so here's a shot of them. i really should get a holo sight for it but i'm lazy and would rather just stack lol

>>20368109
i posted a few but i am a bit busy right now, i can find a few more in a bit or i am sure someone here can list some more off.

>>20368064
based Klan Man

>>20367910
canadian news is quite literally stalin/lenin soviet russia tier.

State sponsored, tax payer funded, propagandizing to prop up the leftist party.

>>20366636
>piper must be paid
He means the piperdoll in this thread is a prostitute of course

>>20367990
>it's a distraction.

Bingo. All the bullshit in the news is engineered to distract from the institutional looting.

>>20368150
cursed image damn it

>>20367902
Depends how sidways things go and how fast. I'm taking a risk on that right now for the ability to quickly enter/exit my positions without worrying so much about dealer premiums.

Actually getting my hands on minted silver in Canada is way above spot, like 20%+, and those same companies will only pay around 95% of spot price to buy back, so the spreads make holding physical an extremely committed position to a significant price increase. Considering other costs involved, silver would have to go up around 30% in order to break even. To me this means going into physical only makes sense if there is a true absolute fiat collapse. I am gambling that there will be more warning signs/bells as we get closer, if that is actually going to happen.

The other issue is that about half of the money I am in is in locked retirement account - I couldn't withdraw it right now if I wanted to so buying true physical isn't an option, and I think paper metal is still better than paper fiat.

Greetings /pmg/. I am a humble Silverchad looking to buy a gold miner ETF in lieu of gold itself while the ratio is still high. Any recommendations? I have seen NUGT, JNUG, and GDX but would prefer just one.

>>20367626

Just the recommendation stuff. In our current economy, PM's are hardly a gamble and IMO are a 100% bet to be a multibagger. The only other consideration is time cost. Mines however are risky and When heavily opposing or shilling some companies, I like info and whys instead of just Mine Trash or Mine GOOD, cause there's some dude on the other side putting his own money on the line, and I want /pmg/ to make it.

>>20367643
>>20367681
Glad I could give back even a little help.

>>20367990
>>20368206

The real enemy is the central bankers, technocrats who benefit, and the corrupt and ballooning government. It's why PM's are so great. They're like a vote of no confidence, against the system. No, i don't think your ponzi scheme is working at all, and I'm putting my money on the other side of the table. The Blacks, Jews, gays stuff arises when people start not having enough as I see it. It's like a release valve for built up systemic poverty, with the final blow off being guillotining and revolutions.

>>20368134
>>20368109
Some high quality ones to look up off the top of my head

>First Majestic
>Pan american Silver
>SilverCrest
>Mag Silver
>Silver One
>Aurcana
> Hecla Silver

>>20368121
That's an interesting opinion. I think the US is in far more trouble demographically than Canada with our open borders to the third world but financially, I think we're better off. David Rosenberg recently mentioned something about Canada's budget deficit and then compared it to what it would be if Canada's economy were the size of the US's. I thought the squandering of money in the US is disastrous but relative to GDP, Canada makes us look like true Protestants.

>>20368228
If you're playing the ratio game and you want more leverage to rising precious metals prices, shouldn't you be investing in silver miners?

>>20368230
thanks and I am still working on a comprehensive list of miners that i will probably pastebin eventually , but i have to be out and about in the bush when ever the weather is good, so it will take a bit longer than i thought to complete.

The scariest part of this all is how all the people trying to convince us that the economy should be shut down for months were once thought to be after money.

They don't even care about money anymore, the politicains don't care, the tech CEOs don't care, the bankers don't care.

>>20368062
this isn't a "the jews" issue
This is a crooked government issue.

And they've fooled people into focusing on R vs. D again, not DC vs US.

>>20368230
The real enemy is the central bankers, technocrats who benefit, and the corrupt and ballooning government.
Central banks are a necessary evil, they're the nuclear weapons of economic warfare. Would it be better if they didn't exist? Yes. But if other countries have them and you don't, you're at a disadvantage.
> The Blacks, Jews, gays stuff arises when people start not having enough as I see it. It's like a release valve for built up systemic poverty
No, I'm pretty sure it's a distraction that does nothing to help. There's a lot of good people on /pol/ and similar places could do, but instead the they are obsessed with margin issues that trigger knee-jerk reactions.

>>20368396
If we shutdown the economy at 30k cases/day what the fuck should we do at 70k cases/day? We're playing a game of viral whack a mole at this point. A group of people have measured that staying opening is the call and we're about to see a once in a century case study on viral transmission. Fucking buckle your seatbelt and hoard precious metals. IMO we're fucked.

>>20368302
Is there a correlation between gold and silver miners as per the metals themselves? I figured they should be taken as businesses themselves. My hope is to sell the ETFs to buy gold in the event that gold moons and thus so do miners. Are you saying that all of that logic still points to silver miners? I mean, I buy physical silver every week already.

>>20368266
>>20368121

With the amount of MMT, Marxism, and anti-capitalism going around, I'm pretty confident our governments can convince the average man that deficits don't matter, that debts are made up and can roll infinitely, at least for another 4 years.

Canada's sovereign and household debt is off the charts, and we're closer to Greece and Italy than people know.

>Central banks are a necessary evil, they're the nuclear weapons of economic warfare. Would it be better if they didn't exist? Yes. But if other countries have them and you don't, you're at a disadvantage.

I haven't thought about it like that.

>No, I'm pretty sure it's a distraction that does nothing to help. There's a lot of good people on /pol/ and similar places could do, but instead the they are obsessed with margin issues that trigger knee-jerk reactions.

Yea agree, it's misplaced energy, misguided by our current media IMO.

>>20368396
>They don't even care about money anymore, the politicains don't care, the tech CEOs don't care, the bankers don't care.
I've seen nothing that make me believe that to be true. This is all about money. It allows them to print money into their pockets, and buy up/take out any small business that competes with them.

If local stores and restaurants can't sell bonds to the Fed or stock to the market, they're not going to be able to stay in business. Who do you think benefits from that? The huge corporations like McDonalds and Chipotle. Apply that to every other sector.

By shutting down, they reduce the amount of deaths they can potentially be blamed for. And when the middle and lower classes are suffering they can say "remember, we gave you $1200 for free! We helped! Not our fault you weren't good enough to make it"

>>20368501
for
>>20368398

>>20368488
They're like call options on their respective metals, Gold goes up 5x, a good miner would go up 15x. They also need to be treated as businesses as well, but every dollar that the metals' price gains is a large amount of dollars in the businesses' bottom line.

>>20368501
yea Canadian debt is insane. Its incredible how few people here are really even thinking about it, or worse how much taxes their going to pay next year thanks to CERB and other covid related pay outs.

>>20368488
There is absolutely a correlation between gold and silver miners and the prices of the metals. If we have a gold miner whose all-in costs for extracing 1 troy ounce of gold is $400 and gold is $600/ozt, that is a $200 profit per troy ounce mined and refined. Holding costs constant, if gold goes up to $1,500/ozt, the mining company now makes $1,100/ozt profit. Without doing anything extra, the top and bottom lines of the company expand with the net profit expanding particularly quickly.

You need to take them as businesses in the sense that there is business risk: the mines they are operating get nationalized, the mines are not as rich in ores as the geologists modelled, the management might throw parties and spend freely when times get good thus reducing shareholders profits, and finally, management might be crooked and steal from the company or lie about the company's prospects to do a pump and dump.

Buying miners (you must either be lucky or skilled at stock picking) gives you leverage to price increases in precious metals. As in my example above, one troy ounce of gold going from $600 to $1,500 means you made 2.5x your money. However, from the mining company's perspective, its profits jumped 5.5x. If you hold a P/E ratio constant, the mining company stock should give you a 5.5x return assuming management runs a tight ship. However, when mining companies have these kinds of gains, the P/E multiple usually goes up, too, which will further multiply the gains.

Please note that the multiples I'm using above are for illustrative purposes only. You will most likely not get those kinds of returns in the major miners like Newmont, Agnico Eagle, Barrick, etc. That is the risk of holding mining stocks. Also note that what goes up quickly and sharply can come down quickly and sharply.

>>20368488
Continuing... >>20368695

If you buy a mining stock, it should be because you believe that precious metals are going to increase in price a fair amount and stay high (this is important) and you want to turbo charge your potential profits. It is more speculative than just buying and holding the precious metals themselves.

Conversely, if you think precious metals are going to fall in price and stay down, shorting mining companies would be a good way to invest/speculate on that view.

So here's the general gist of how things go since you don't seem to have very much experience investing.

If you believe precious metals (all of them, not just gold) are going to go up in price a good amount, you should buy them. The gold/silver price ratio is quite high right now and if you use that as a gauge to try to maximize your profits, you should be buying silver instead of gold. You must believe that the gold/silver price ratio will not get larger, though. It is entirely possible for gold to hit $2,500/ozt (up 40% from current prices) while silver stays stuck at $20/ozt (up about 10% from current prices).

If you want to further turbo charge any capital gains you *might* make, you would purchase gold or silver miners and you might also use the gold/silver price ratio to inform your decision on whether to invest in gold miners or silver miners. This is the riskiest way to invest in precious metals short of options trading so be aware you could lose a large percentage of your invested money.

I bought shares of New Gold at about $4 and watched it plummet below $1. My physical gold bullion never fell 75%. On the plus side, I own shares of Pan American Silver which I purchased for $10 and are about $32 today. I do not believe silver has tripled in price over the past few years.

>>20368501
>if other countries have them and you don't, you're at a disadvantage.
In the short-term yes. That's the ultimate problem with central banks we all know, though. In the short term, everything's better at the expense of the later.

>>20368695
>>20368862
I'm not the guy that asked, but I appreciate such a high quality response. You have raised the quality of the thread.

>Asahi 1 Oz Silver Round
>Country of Manufacture United States
wat? that's disappointing

>>20368559
>>20368695
>>20368862
Thank you for the response. I'm well-informed about precious metals themselves but this is enlightening information about the mining stocks behind them which up to now I was completely ignorant about. Looks like I shall reconsider gold and silver miners.

>>20365895
that fuckin face

>>20369004
Be careful with the miners. For long periods of time, they are absolutely terrible investments. However, during bull markets, certain mining stocks give tremendous capital gains. An investment advisory I have subscribed to for years endorsed Kirkland Lake a few years back and I didn't buy after having been burned badly by the mining stocks. KL has gone up over 20x since I was made aware of it.

Making money in mining stocks is not nearly as easy as one would think and the penalty is not just making no gains but destruction of capital.

>>20369004

One more thing, like all businesses management is extremely important here. You can have the best mine in the world but it's being run by idiots that gives you zero returns. Converse is also true. The biggest leverage comes from the junior miners, but they also have the highest risk too. By looking for strong management and experienced people in the company, you can mitigate this risk.

>>20367350
anyone have the deets on the blond hair waifu on the motorcycle?
>>20367467
Theyre fine. I havent used them personally but I know theyre reputable. Almost always obnoxiously high premiums but they sometimes carry stuff other people have run out of. Their price on 2020 eagles is decent.

Not my whole stack but still only have about 1/4 of >>20368919

>>20369150
I ve mentioned them before but Spanish mountain gold and Barkerville gold are two companies where management has failed to adequately bring a project forwards. Spanish mountains problems are on the ground management, where a core group of idiots have constantly ham strung the project resulting in down time or even fines. BGM's issues are a mix of corporate nepotism and on site management failures. Both companies hold incredible ground, but cant get the projects moving. Its not easy to spot these issues from the outside, you often need guys like me to call out the trouble makers.

>>20369214
That’s a nice collection of copper

>>20369278
>Not being able to spot the difference between copper and brass.
NGMI

>>20369312
I have a decent amount of brass as well

>>20369331
Here's my portfolio.

>>20369359
K

>>20369359

that has to be at least a benji worth of metals

>>20369359
>>20369440
Ya those billets ain't cheap.

>>20368953
asahi bought out the johnson mathey refineries dipshit

>>20369359
>sells for spot -1%

should have just boarded nickels you bitch

>>20369359
I kind of want to buy 10 kilos of some relatively cheap metal, just for the experience of holding a heavy bar or anything like the big bois.

Yeah, I know a bar of copper or whatever won't feel the same as a large bar of gold or even silver, but it's the closest I will get any time soon.

>>20369565
>asahi bought out the johnson mathey refineries dipshit
>dipshit
that's hurtful and unnecessary

>>20367350
>Cost: about two weeks pay
>Value: Priceless
are the pussies replacable or do you have to buy a new doll every time you wear out the holes?
Can you really get a solid fucking in, like a real wear out your abdominals, quads and arms sore, feeling of working for it nut?

>>20369620
me too! but copper reacts too much with skin/oils and makes your skin feel weird

Question to mining stock bros. If mining stocks are a leveraged play on the underlying metals, is there any point to having a portfolio that is, say, 1/3 gold, 1/3 GDX, and 1/3 GDXJ versus just having a portfolio that is 1/2 gold and 1/2 GDXJ? (stupid example, I'd never put half my metals allocation into miners, but I'm just making an illustration).

In otherwords, I feel like I would rather just barbell things by holding lots of safe assets on one end (gold) and lots of hairbrained risky miners on the other (GDXJ). I'm not sure what the point of weighting my portfolio towards the middle with 'safer' GDX/non-juniors would be, really. Am I missing something obvious?

(Same argument/question applies for silver, SIL, and SILJ as well)

>>20369267

VERY interesting

I hold Osisko Gold Royalties who bought out Barkerville and created the subsidiary North Spirit Discovery to develop the project. The market really didn't like this and punished the company's shares heavily, and very unfairly in my opinion.

Osisko is undervalued, hasn't run up the way it's competitors have, pays the highest dividend of the Royalty companies, and if the Caribou project can move forward this stock will blow. Interestingly enough, Schiff and Day's fund has Osisko in their Top 10 holdings at 4.7% of their portfolio.

Anything else you can share about the Cariboo property?

>>20367350
>>20366652
>>20369773

>>20369849
The junior miners typically are not producing any gold. All they have are the mineral rights to certain places and the stock issued was to raise capital so that they can do the surveying and, if the results are good, start the mining which may require the construction of a great deal of infrastructure. The risk of a junior miner going bust are very high and those that survive may not allow the investors to break even. You know the joke about what a gold is? A hole with a bunch of liars standing around it. That's what junior miners are. if you're skilled or lucky enough to own shares in a junior miner with a good plot, good and honest management, and good luck (no bad weather or natural disasters, no nationalizations), you'll make a very large multiple of your money. However, that's a very small minority of junior mining companies.

The large companies are actually producing from their mines and thus should be making an actual profit. These companies are at least managed somewhat well and investors will be highly unlikely to get wiped out. During a secular bull market, the investors might even make a nice profit although during the last bull market, a lot of management destroyed shareholders through grossly overpriced acquisitions of lousy projects with high production costs.

>>20369988
>You know the joke about what a gold is? A hole with a bunch of liars standing around it.
Should be "What is a gold *mine*?" A hole with a bunch of liars standing around it.

>>20369773
i wouldn't call you these thing if you'd do literally any research about anything this general talks about incessantly

>>20369620
Just go to home depot or the hardware store or something. It's not that exciting.

>t. Metalworker

>>20369960
I know it very well, many of my friends in Wells work there on and off during the winter, mostly labor jobs but a few geos too. I know the two underground mine managers from Thyssen Mining working under contract for BGM, and I know all their underground operators as well. The project its self is great, the gold is amazing, I ve seen photos of core the drillers from Geotech showed me that were amazing. The issue is on site management. Corporate keeps hiring guys either fresh out of school with no experience (mostly guys also related to corporate friends) or guys from quebec who have no experiance working in rock outside of the Canadian Shield. The ground at Cow Mountain where the Bonanza ledge and the underground mine are located is fissile schist and shales, folded, faulted and so utterly fucked that it makes underground methods of mining nearly impracticable. The original miners had no issues with this back in the 30s and 50s because they were using narrow workings following thin veins. The modern mine is 11m wide and something tall, its too big for the ground their working in. Both times I worked underground there, we had parts of the back cave in behind us while we were working on the face, rock bolts constantly failed, shotcrete didnt hold. We would inform the engineers and they would just yell at us that we werent doing things right. Also BGM attempted to hire their own outside crew of miners as the Thyssen Mining contract wasnt working at first, they fired everyone in 2 weeks because the guys hired kept stealing everything and destroying equipment.
I can go on and on about the fuck ups that have happened at that project, but its not Osisko's fault, its the hold overs from Frank Callahan's time.

>>20369988
Sure, and I know they're supremely risky, that's why I don't really want to delve into individual miners and would rather just pick up the ETF. So I can have some exposure without the likelihood of going straight to zero, and without having to DMOR on individual miners which, honestly, I wouldn't even know where to start doing research on these guys.

In the broadest sense, a basket of juniors is just a more volatile and leveraged play on silver/gold than a basket of majors is, right? So, so long as I suspect the metals are going up and I want some general-level leveraged exposure, I was just feeling around for why I should/shouldn't just allocate all the play money I've set aside for miners on a basket of juniors and just skip exposure to the big dawgs entirely.

I don't particularly care if it crabs for years or halves in value... it's play money. <5% of the value of my total metals allocation.

>>20365701
I love the 2oz monarch bars. i love playing with them

>>20364834
fuck i so want this to be true.
i thought i was a stacklet at 1600 ounces but as this place has taught me, im more of a midrange quasi silverchad.

if this happens, im selling 1 bar and will have 100 000. wohoo!

>>20370353
Link will reach $1,000 before silver.

>>20370353
I think 2/3 the anons in these threads are still trying to hit the 500 silver 5 gold benchmark... I would guess 1/3 of them are just trying to crack triple digits on their silver stack before the rocket truly departs.

I've been lurking on /pmg/ for a couple weeks now and I've wanted to ask, how much of your net worth is PMS? How do those of you with enough money justify the opportunity cost of not buying appreciating stocks and also dealing with spot prices that take away from your value every time you accumulate?

>>20370416
>have 1000oz silver, 20k LINK, 40 ETH and 2 BTC
I win no matter what

Leaf here. Anyone know if there's a way to buy silver close to spot? All Canadian dealers seem to carry at least 50% premium over spot

>>20370137

Damn, sounds like the management really bungled this one.
Hope Osisko can turn this baby around.

It's always a pleasure to hear all your insight. I'm screenshotting yet another one of your posts.

>>20370540
I havent been in the office for a year or two, but since I am in Wells right now wandering around my claims I ll pop in there and see how many of the managers have changed since. I think Osisko really believes in the property, they want to build a concentrater plant and first stage mill near Wells and are consulting with locals how best to deal with the Island Mountain adit which sits in the middle of the community. It will be interesting for sure to see how the project moves forward, if it gets going I might move here permanently for the work.

>>20369178
https://myfigurecollection.net/item/311778

Nice I found her fuck y'all

>>20370504
have you tried pawn shops? The ones I looked at in Prince George had ok prices comparably.

MFW the courier just dropped off some gold and silver

>>20368150
wasnt this drawn by MSNBC

>>20371263
Wouldn't surprise me desu

>>20370504
>50% premium over spot
this is criminal

>>20371345
dont look at gold premiums than

>>20370612
You stomp around the Rubies much while you’re there? There’s some neat country out that way

>>20370504
>>20371345
>>20371356

>JMB advertised July 4th sale for Silver Eagles
>"Only $5.99 over spot!!!!!!"

I made a rule when I first started stacking I wouldn't buy silver that was over $30 AUD once and it went over it 2day with premiums

>>20371449
not sure what you mean by the Rubies, but man do I love the quesnel highlands. So much history hidden in the wilderness. The Chain of Lakes in Bowron Park is a must for adventurers.

>>20371545
Now thinking I should change to 45 AUD an once (all time high in 2011 roughly) wats everyone's thoughts?????

>>20371600
Buy more silver
Duh

>>20371600
Do you have a milestone of how much silver you want to stack? If so just buy whatever you can get your hands on!
I went to ABC in Melbourne to pickup some gold and silver and there was a big line outside! Shit is going to get crazy when property crashes and people look for other places to park their cash

>>20371581
Ahh I thought you were in Wells NV, forgot you were canuckastani

>>20371867
ah that explains it! wrong place same name. I do have to go on a tour of the States some time and visit all those old amazing ghost towns.

>>20371103
The last time I hired a courier, he got shot in the head and buried in a shallow grave. I'll give the guys at Mohave Express this though, that fucker still got my package to me anyway. Worth every penny.

>>20371954
>that fucker still got my package to me anyway
holy shit imagine siding with the warlord instead of becoming your own...

>touch silver
>turns nasty shades of brown and black and gets fucked up

Why?

I want to fondle my scottsdale 10 oz stacker bars but I am too scared of fucking them up so I wrapped them all in plastic and locked them away.

>>20365895
NO U

>>20372058
lol
I've been fondling these same 12 eagles for like a month now and they haven't changed color at all. I sweat like a drunk acid tripping reporter through my hands. Maybe my sweat is actually silver preservative?

>>20365895
saved for future shitposting

very nice rocks sir top shine
I like that you have minted and not just poured.
Not thrilled about the fratcuck ring but I know they can be good fun

>>20372136
Thought you were talking about his lips for a sec there.

>>20372058
>scottsdale 10 oz stacker bars
What are you doing? You're supposed to stack them, not keep them in plastic. Touch them with your bare hands, or your penis if you like, it doesn't matter because it will always be 10 ounces of silver stacked on another 10 ounces of silver, like God intended.
You could even do this if you happen to have some numismatics laying around: https://youtu.be/GajkqaSr01c

>>20372115
>>20372232
I touched a new ASE few months back and it got a milk spot after a few days and some scratches. Been paranoid ever since.

>>20371828
I have 400oz never had a goal just was buying until it hit $30 AUD an once

>>20372305
If you're worried about it, I have a 10 oz Patriot stacker (made by Scottsdale), and a 20 oz Scottsdale KitKat (for sticking in women) that show almost no toning/tarnishing despite months of unprotected handling.

>>20370435
>how much of your net worth is PMS?
100%

>>20372730
Holy shit lmao
Literal Ebenezer Scrooge over here

>>20372730
Based, although I have a pension fund and a few bucks in my bank account, so I’m at more like 20% at the moment if I count all my assets.

After my rent is paid, around 90% of my income goes to my stack. I reserve about $250 every month for bills food and transport but that’s it.

i am off to bed, got to go find more of that Au, seasons short, cant wait on my ass. Early rising and all that!

>>20370435
>how much of your net worth is PMS?
richfag here. about .00001% of my net worth is in precious metals. Even that's not intentional. I have a pile of catalytic converters, collectible coins, dental silver, jewelry scrap, and old RAM cards I need to sell off.
>How do those of you with enough money justify the opportunity cost of not buying appreciating stocks and also dealing with spot prices that take away from your value every time you accumulate?
I don't think they really think about it. They're all in and gambling on societal failure and a magical return to trading silver and gold.

>>20366021
As opposed to regular modern bars?
Or do smooth modern bars feel the same?

>19.33
Do we have LIFDOFF???

>>20372321
You're probably going to alright then with a decent stack, you got enough food? 4th July sales from burgerland this year were disappointing, even if there was a dip premiums would keep the prices up. So we probably won't see many sales.
For $30 an ounce you'd have to bulk order, buy rounds in full tubes or save up for a monster box to get the most value for money

>>20373150
Since 2010 silver has breached $19.30 3 times and subsequently reached

>$19.65
>$21
and
>$50

So yes it may be liftoff, the only other possibility is a massive smackdown, there will be no crabbing from these heights.

>>20373150 Soon

>>20373150
According to my tea leaves, we probably do. Just need to clear $19.38, then $21.15 after that.

>>20373233
oh, and $19.66.

>>20373233
>post about 19.33
>reply has 33 dubs
NOWHERE TO GO BUT UP

>>20373209
Fucking gay autocorrect! (inb4 casual phone poster scum)
I was asking if your gold stack is ok? 400oz silver is a good amount to have already

>>20373225
Based beekeeper stacker
Should I kill yellowjackets to keep honeybros safe?

>>20373321
I'd say were looking pretty bullish in the short term at least.

>>20373474
Futures up to 19.75 again
Very bullish

>scottsdale sells secondary market bars of their own stuff

How do they get secondary market of their own bars? Also does anyone know what they look like? I want to buy some but I dont want to save $5 just to get a shit looking bar that look like a grenade went off next to it.

Dubs decides if I pull out 2 x 100 oz bars or 6 x 1kg bars out of the bullion pool.

>>20373765
Roll for 2x 100

>>20373765
212 oz is worth $5,839? What? Almost $28 an ounce.

Roll for KG bars, easier to sell off in smaller lots if you need some cash without selling half your stack in one go

GOOD MORNING

S I L V E R
U
R
F
E
R
S

https://m.youtube.com/watch?v=ZQlLl2j5THQ
https://m.youtube.com/watch?v=ZQlLl2j5THQ
https://m.youtube.com/watch?v=ZQlLl2j5THQ

>>20373796
It's in Australian dollarydoos fren

>>20373765
>>20373881
Ah I see, nvrm. Upside down kangaroo bux. Rolling for KG bars

>>20365895
nice doxx, hitler.

How many of you are selling at $50? How much of your stack are you selling? Or are you waiting for a good Gold Silver ratio? 50 to 1? 35 to 1? 20 and under?

>>20364834
So silver or gold?

>>20374196

Both.

>>20374230
Can i grown my own silver?

>>20374264

Yes.

>>20374110
8:1

>>20374373
You really think that will happen anon?

>>20365258

>>20374419
Not for a while, but there is no reason why it couldn't happen, especially if industrial demand increases for use in rechargeable batteries and solar panels.

>>20369359
based pm stacker

>>20367350
> /pmg/ turns into /ppg/
> precious plastic general

>>20367521
>>20367681
nice samefagging while namefagging

>>20375261
Unbased and retard-pilled
Into the filter you go

>>20375241
It's latex, you bigot!

Rate my poor man's stack

If you guys were building a stack with $4500 what would you get?

>>20375519
7,900,000,000/8,000,000,000

>>20375519
Looks great so far, probably better than 99% of normies

>>20375541
Try to get a 1oz Gold : 100oz Silver ratio. I'm doing this with 1/2 silver rounds and 1/2 silver bars. All gold are fractal rounds (starting to buy only full 1oz gold rounds now)

>>20375603
I was thinking to do that. I already have some silver (32oz). So I want to fill that out +1oz gold.
I'm also considering an oz of platinum is that based or cringe?

what's the rationale for the 1:100 gold/silver stacking ratio?

>>20375541
I would honestly stack just for weight (apart from a token amount of 1oz silver coins for the total fiat collapse meme, maybe like 20x 1oz ASEs).

Whatever that means, bars, junk, whatever it is, essentially just buy for weight dude, that’s my advice. You could set aside $100 or even $200 for fun numismemic stuff but for the rest just stack that weight. There are even websites that scour the web for the cheapest deals, use them.

>>20376207
I was thinking to just buy 1oz bars. Maybe like you said a couple rounds for memes/fun. You say go full silver? Or mix it up a little bit?

>>20376354
I would actually buy some gold. Some people would want a coin, but where I am anyway you can get more gold in a bar than a coin for the same money, same with silver. I’d buy two 10g gold bars just to have, with basically all the rest in 10oz silver bars or junk silver coins depending on what’s cheapest.

Shouldn't pms be mooning? Dollar is weakening

>>20375967
It gets you a pretty even split in terms of dollars right now.

>>20364834
We few, we happy few, we band of silver holders...

>>20376450
Based. thanks

>>20366065
Where did you order from? I ordered a roll from Provident metals back in June and they just shipped this week.

>>20376207
Link these websites please?

>apmex says today
>ups says tomorrow
Who is right?

>>20376777
Findbullionprices.com if you're in the USA. It's in the thread OP

>>20373765
>balls deep in silver
based

Best shipping times? BSAGC shipped same day on my last order and GSM only had a delay of a day.

>>20367456
I like 1964 and earlier half dollars, quarters and dimes. 90% silver content.

>>20376777
https://comparesilverprices.com/
https://comparegoldprices.com/

>>20377026
I've found credit card orders ship faster but I'm not willing to pay the extra premium so I send them a check and they wait 5-7 business days AFTER the check clears before they ship.

>>20366302
Kek

Silverbros is a career in accounting worth pursuing? is it gay or based?

>>20377741
Do you unironically enjoy doing your taxes, staring at a spreadsheet full of redic numbers until bleary-eyed, and analyze receipts during your free time? If not, you'll hate it.

I know I like doing boring things.
And I'm too average to going into Cs or math field.

>>20378438
If you're more verbally tilted than quantitative then you may not want to touch accounting