/biz/ - Business & Finance

>>20646963
>I don't know what ATH means
fuck, this is a sell signal

HOLY SHIT WE'RE REALLY GONNA DO IT

ATH IS 1920.30

>>20640054
Ancient

>>20649541
gonna be a hot weekend. stock up on watermelons

>>20649588
Imagine being this guy right now

>>20649648

>>20649648
I've said it before and ill say it again, that guy actually posted in the thread before that post where he said he bought some silver. Nobody noticed the first post so he decided to take one for the team with his ID and act like a cuck for the crowd. Realitys disappointing

fun fact: I drank 20oz of prune juice and a cup filled with salt water (celtic sea salt) about a month ago, and I fuck you not, I shitted 15-20lbs of pure shit for about 8 hours.

>>20649675

>>20649672
yeah, sure thing KEKbVdq

>>20649710
look on warosu faggot

>>20649541
>Haha Gold & Silver Go *clink* Edition
put this in the subject and put this>>20649612
at the bottem of the op

>>20649726
you're such a fucking buzzkill

>>20649675
powerful stuff

>>20649644
>ID= gfstacks
im fucking winning this

>>20649672
didn't read; still memeing

>>20649675
did you lose body weight from it?
did it clean the "poisons" out of your body?

>>20649675
I bet that's how Jerome feels about this right about now

Obligatory Maloney Posting

>>20649804
yeah, honestly DYOR on the drinking salt water, cause it can be somewhat dangerous. I drank about 3 gallons of water in 3 days before doing it so im over hydrated for it. Then after you completely shit your brains out for an entire day, only drink vegetable, fruit, yogurt, protein powder smoothies from a blender to replenish. cause you're flushing out all the good stuff too. tons of water, probiotics, and massive smoothies for like 3 days after. I lost a ton of weight, and feel unreal honestly. I do it like once a year.

>>20649893
>let's mine gold in asteroid with billion dollar mining operations
it's a nice promising future, but not anywhere to being a threat yet

>>20649893

lol, we can't even mine gold from the ocean, which is right here, and people think we're about to get it from asteroids millions of miles away.

lets get some judy shelton fap material in here

>>20650023
Actually, there are gold dredge operations. They just have high extraction costs.

Okay miner anons, a few months ago I bought into PureGold, Sandstorm, DRD, and the GDXJ. All of which made some ok gains but are now crabbing along. Is there more room for growth in these or should I pick up something different?

where is the best place to SELL gold nuggets?

>>20649982
>mine gold
but why do that we know where it is and its safe lets just sell paper contracts on the gold in the asteroid.
As long as no one takes delivery its all the same, right?

>>20650061
p hot desu

>>20649893
If I go mine gold on asteroids, I'm hodling in space, not bringing it back here.
>ad astra per aspera

>>20650090

are they actually dredging in the ocean, or just in some inland water way? seems like they'd have to process an awful lot of material, and i don't see how they could do that profitably on the ocean.

>>20650119
There is lots of room for growth, the problem with miners right now is COVID affecting operations. Even big banks are calling for gold to go up at least another 10% this year (some calling for it to go up 50%). By the end of next year gold will probably be double where it is at now. Once (if) gold miners get beyond the COVID closures / distribution difficulties, they are going to have huge gains.

I need a stock pick for miners. I already have
>silj
>avino
>skeena
>metallic metals

Are we going onto a gold standard

>>20650342
never. they cant control the markets that way

>>20649541

>>20650311
There are some very cheap OTM options on Sandstorm (exp date Jan 2021) if you've got a high risk tolerance.

FUCKING STAY GREEN SILVER YOU HAVE NO REASON TO GO DOWN TODAY WHEN THE DOLLAR IS CRASHING AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>Local boomer selling monster boxes for $22/oz
>Normally sells to coin or exchange stores in bulk
>Won't sell anything less than a full box

Sucks because I'd gladly pay, but don't have 11 grand to just drop on a moment's notice.

ITS HAPPENING

https://youtu.be/PYn6tHF9M5Q

>>20649753
>>ID= gfstacks
I don't see it.

>>20650386
Are you suggesting that I trade options?

>>20650425
Depends what your risk tolerance is.
Personally I have a big enough physical stack that I am looking for very high risk gold and silver based plays for the rest of my cash, so I am trading far OTM options with exp dates past the election. But that is a high risk high reward play.

>>20650479
I’ve never traded options but I definitely need to increase my beta bc I’m mostly in physical rn

>>20650119
>>20650311
>>20650553

The list of five stocks which PM anon gave before he left us is doing very well. Euro Sun +10%, Wallbridge +4%, and Newrange Gold is up 24%.

>>20597543 >>20603169

>>20650414
A-Anon
these are wierd symbols

>>20650564
Conducting DD now

>>20650361
If the USD has to do a reset (like other countries have done after hypinflation) I think it will be reset based on gold or silver because they will need to do something to restore legitimacy to the currency in order to secure international trade. This is different than when other countries have had to reset, because those countries typically reset relative to the USD (see Venezuela adopting USD), the USD can't do that so it has to reset relative to something else - that will probably be gold.

However being backed by gold or silver doesn't mean the currency is fixed for all time. What they will have to do is peg the old currency to new currency to gold - something like 50000:50:1 (so you exchange 50000 old currency for 50 new currency which is backed by 1oz gold). What they can do afterwards is devalue the new currency over time just like they do to fiat - changing the ratio to 60:1, 70:1, 80:1 etc (the equivalent of the Roman Empire reducing the purity of their silver coinage), and then eventually abolish the gold standard entirely (again) and start the fiat cycle all over again.

Dirty Joos got us again....come on Robinhooders
BUY BUY BUY

>>20650796
>this is the dip

>>20649541
Are you winning at that crypto game son?

>>20650796
I already did multiple times over the past week although waiting for this shit in the mail is the worst part.
I want my fucking coins so I can make a pile with an anime figure

>>20650892
I was referring to the kids buying SLV. We need
them to combat the manipulators

>>20650875
im not buying anything again until vendor sale prices are at or near $20/oz again (including premiums).
fuck this is uptick action is too much too soon for me. i needed more time to stack

>>20650342
yeah we're all gonna give our PMs to the government for paper notes again. that's the dream

So I have a question
I have nearly half a million in loan money since my business qualified for the EIDL loan program, and nothing to do with it.

Theoretically, if I wanted to buy like, a shit ton of gold, how should I go about doing that? Just going to APMEX and ordering it doesn’t seem like it’ll work

New: Sprott Money News Weekly Wrap-up - 7.24.20
https://youtu.be/ZNKMDBsgg24

>>20650398
I do, what’s his # ?

>>20650393
maybe it's only paper silver that's in the red

>>20650706
Right, the idea is to ride the tiger and transfer between asset classes as we pass through the time where each is at its most valuable

>>20651064
Please do not spend half a million dollar loan on gold only.

>>20649675
>fun
lmao... dude.

>>20650981
You had 40,000 years

>>20649753
i see GfTheCucks

>>20651099
Why not, anon?

>>20651064
diversify my brother. Im invested in gold and I wouldn't all in. Who knows where this shit is going to go.

Just hedge it with some gold.

>>20650706
If they do that, they'll take it to the Supreme Court making a constitutional amendment necessary to devalue the standard unless something is written into the law where we are able to see parameters for devaluation ahead of time.

>>20650285
question cause I'm a new baby with no knowledge, can I just get an accoutn with say trading 212, buy a bunch of shares in these gold n silver mining comapnies andf then just walk away for a year or do these sites not like it when your not active?

Robinhooders are coming to the rescue
Bankers must be getting pissed that their
little games aren't working

>>20651137
There are far better ways to invest that money than all in on a single difficult to liquidate resource. How do you plan on repaying the loan if you’re all in on gold and it doesn’t moon to 3k / ozt by eoy? What’s your timeframe for repayments?

Miners, options, hell even some in crypto are all good plays. Do some physical no doubt but don’t all in on physical.

>>20650217
Yeah. I remember there being a Discovery Channel reality show a while back where they followed people doing dredge mining in the Bering Sea off the coast of Alaska. I think that was when gold was up during the last crisis. I would imagine it would not make financial sense unless the price was really high. So I imagine we could see that more now...especially with people out of work and looking to find a niche.

>>20651064
>EIDL loan
https://www.sba.gov/sites/default/files/2020-07/5000-20037-508.pdf
>gov site how to/not to scam them.. wew merica
Wouldnt you need a securities licence or some shit to do it for a business?

>>20651099
its not a real loan but a buisness loan
if the trade works out his buisness got lots of gains he can privatize, if it fails his buisness goes bankrupt and he can start a new one

>>20650706
Honestly, I think we see some kind of crypto reset before we see gold/silver reset.

>>20651200

don't know anything about Trading 212, but i've never heard of a broker requiring activity, especially now that trades are generally free.

>>20649541
Someone post some Shiff and Ron Paul memes ffs

>>20651200
Generally yes you can do that, but if you're opening a new account with an institution then read the details / fees carefully. Some may be free, but lots of places charge fees if you are inactive AND your account balance is too low.

>>20651397
I'm in Canada, and Questrade has "Inactivity Fees" for account(s) with less than $1000. Royal Bank has "Inactivity Fees" for account(s) with less than $15000.

why yes i own gold, how can you tell?

>>20650023
Honestly we'll probably get gold from asteroids before we get it from the sea bed. I mean we have to build million dollar remotely controlled go-kart-sized submersibles just to explore the ocean below 1000ft sea level. Not prospect, not extract, but just scooting around down there costs millions of dollars. Doing any kind of large scale extraction on the deep sea floor would probably require gold to be $100k/oz to be profitable.

At least once you get something into space it's easy to move it around without worrying about being crushed by billions of tons of water bearing down on you.

>>20651080
I'm not going to give, that's my rightful silver not yours!

>>20650564
That guy also thinks COVID is literally imaginary. I know that shouldn't affect how I feel about his mining picks and PM knowledge which is clearly impressive and so far entirely spot-on. But like, he thinks it literally doesn't exist.

>>20651513

at least if something breaks down under water, you can pull it back up and repair it. if your mining equipment fails on an asteroid (and it will, seeing as how mining requires lots of equipment and maintenance), you're pretty much screwed.

>>20651441
Based Ron Paul. https://youtu.be/iKYKLgzyF9o

>>20651617
being an expert in one field has nothing to do with any other field. Its alike those medical doctors who try to give their opinion on any other topic as if I cares

>>20650381
I wouldnt even drop a roosevelt copper for that shit

>>20651257
Timeframe is 30 years
And this is all theoretical btw, I’m asking whether I could, not whether I should

>>20651617
>but like he literally thinks it doesn't exist

Because it doesn't. COVID is just exosomes shedding from dying cells and the RT-PCR test they use let's them control the amount of cases based on how much the RNA is amplified thru the process. 37 times yields about a 5% positive COVID rate. 60 times yields a 100% positive rate. Deaths that are attributed to COVID are from other causes.

>>20650381
>gib me dats
>need mo money fo dem programs
deport all niggers to africa

should I dump AG ? I bought in at 10.75 and made a small profit but it's not doing so hot now

>>20651382
I think if shit gets fucked people (including nations) instinctively look for certainty and stability - gold offers thousands of years of known perforamance. Crypto offers one decade of completely erratic and unrealiable performance, with a whole host of unsolved problems that would get into the way of it being seriously used at a national level, nevermind an international level.

If the USD goes we're not talking about a single nation converting over, we're talking about the world reserve currency changing over. I don't see crypto being adopted as a world currency unless it has already been 'tested' and stable as a national currency for at least a couple decades, and we're probably still more than ten years away from any single nation converting entirely over to crypto.

>>20651750
>denying germ theory
I would bet a fat stack of silver that you would not allow yourself to be bitten by a rabid dog
and if bitten i would bet another fat stack that you would accept the vaccine

>>20651293
Unsure
The money is quite literally sitting in a business in a business savings account

I’m currently attempting to move it around accordingly to what I have planned. The gold post was asking whether I could do it, not whether I should do it

>>20651750
I've literally seen SARS-CoV-2 with my own eyes.
On another note, fuck the naming scheme of this virus.

>>20651793
crypto, as it is today, is going to zero right along with fiat USD

>>20651690
>>20651765
I'm bored and have photoshop if you have other ideas ...

federal states of america

>>20651617
>>20651680
Here's the major issue with being concerned about seeking the truth of a thing: the more you dig into any topic the more you realize what is held in the conventional wisdom or mainstream thought is wrong. The more you dig into more, varying topics you come to realize that the conventional wisdom or mainstream thought is wrong about almost everything. Sometimes it's off by a little bit, sometimes it is off by orders of magnitude. Much of the time, it is so incredibly wrong because the people trusted to inform the public (teachers, journalists, politicians) about such things are either lying for personal gain, lying for ideological advantage, or have been mislead by someone else engaged in the first two.

After waking up and realizing that almost all non-primary sources of information on a given thing are specifically tailored to give you a false view if reality, it is very difficult to parse what is real and what isn't when it isn't something you are experiencing directly. It's not hard to fall into and get stuck down the rabbit hole.

>>20651857
Real crypto is functionally e-gold. It's scarce digital asset bearer bonds and has a lot of overlap in function with PMs. Ignore at your own peril.

>>20651931
i'd like to wear a gold shirt without being murdered by hypen americans

>>20651750
It's easy to think this until everyone in your inner social circle (including you) suddenly gets infected with a novel disease with novel symptoms that linger well beyond the course of the disease and almost a third of them fucking die of it. At which point your idiotic little theories about false positives from nose swab data cease to hold any relevance.

But it's fine, it hasn't happened to you yet and I hope it doesn't. But when/if it does, all your navel gazing armchair theoryshit will go out the window in an instant.

>>20651617
>>20651680

I think you're completely misrepresenting what PM anon said. I went and found his posts. This is one example:

"There are new coronaviruses which infect people every year. (https://www.youtube.com/watch?v=p_AyuhbnPOI)) Coronaviruses are nasty stuff. But the statistics would seem to suggest that this particular coronavirus is nasty stuff only in the same way as a common cold is nasty stuff; namely an illness which severely affects elderly people, and causes tens of thousands of deaths per annum. But we don't shut down the whole of society, and impose absolute tyranny on the general public, for the sake of the common cold."

>>20587601
>>20588166
>>20588494
>>20588536
>>20589075
>>20589165

>>20651952
Anon, the proper term now is Acronym-Americans

>>20651822
a savings account is far more criminal than anything you could do.
godspeed anon
I just found it curious the gov site was basically advice onshady things to do.

>>20651931
There are 118 elements on the periodic table in varying quantities here on Earth. Some are accessible, some are not. How many Cryptocoins can there be?

>>20651955
Like just dont be obese bro, like close your mouth to McDonald's bro simple as

>>20650564
I can't seem to find any of these companies on the few trading sites I know, who do you all use?

>>20652016
It won’t be in there for long, trust me
Thanks desu

>>20652044

You should be able to find MUX on the NYSE.

Or any one in this thread, this is by far the most important question posed in any/pmg/ ever, Should we start wearing cyber rounds on necklaces before or after the event so we can identify eachother?

>>20652088
Just carry a pocket piece like the rest of us faggot

>>20649541
Should I also buy NAK? this is being shilled everywhere. Apparently they have the rights for the biggest mine of the USA.

>>20652077
very new to stocks by like a day, so this is all a learning expeirnece for me, thanks

>>20651441

>>20652147
IG seems to have alot of them.
Not sure if i recommend it or not

>>20651955
I've been in direct contact with people who were very sick and later tested positive for COVID, am pretty sure I had it in January, and have had people tell me they knew others who died "of the virus." Being this assblasted about COVID is similar to being this uo-in-atms about the flu. Every year I see people who have it, probably get it myself, and know a few people who know someone who has died from it.

Can't trust the numbers because the sheer amount of politically-motivated bad actors inflating and massaging the numbers is staggering. How does one navigate this environment made of outright denialists, paranoid soccer moms, drama queens, liars, and activists all shilling their shit when your personal experience has not changed at all?

>>20651903
>the more you dig into any topic the more you realize what is held in the conventional wisdom or mainstream thought is wrong.
Technically true, because scientific inquiry never precisely converges on truth (this is an epistemic issue, not anything to do with bad actors), but buying into this wholesale just provides smoothbrains cover to ditch all consensus opinions about anything and everything and just retreat into a solipsistic fantasy world where they believe whatever is most comfortable for them to believe.

The unfortunate truth is that there are streaks of all of the following in all information we digest: objective truth, unintentional inaccuracies, purposeful inaccuracies, bald-faced lies and misinformation. Sorting through it all is a herculean task. Using "all mainstream beliefs are wrong because muh media manipulation" as your heuristic is just as shitty as using "all mainstream beliefs are true because muh expert consensus." You would prove it wrong every day anyhow, as just driving your car to the store to buy a gallon of milk involves you implicitly believing and relying upon consensus opinions in a multitude of fields - physics, chemistry, nutrition, economics, etc.

>it is very difficult to parse what is real and what isn't when it isn't something you are experiencing directly
We can agree on that though, which is precisely why so many people either settle for wholesale believing the narratives that are fed to them, or wholesale believing the opposite of those narratives. Most people are looking for the quickest route to a stable and simplified view of the world which resolves cognitive dissonance and uncertainty, and are not especially concerned with whether that view is actually true or objective.

>>20652293
It's a literal Chinese bioweapon, you should be freaking out about it.

We don't know if it never goes away like HIV, or if it has Antibody Dependant Enhancement and will kill you in 24 hours once you get the 2nd strain.

>>20651857
I actually believed this and it's why I missed sub $1 Bitcoin. I'm not making that mistake again. Unless we are literally going back to feudal agrarian society, we will continue to use technology as it exists today. We will just have a lot more poor people As such, the next evolution of our current tech is blockchain. So a lot of shitcoins are going to die off in a mass extinction, but there will be some that make it to the other side of that event and will become the next Google or Amazon in the space. I will hedge by owning pysical PMs and miner stocks, but I'm also going to try my best to make money in the nascent crypto industry that will have a big role in the future.

>>20652356
Yes, I am worried about cytokine storm if I get it again. I do believe the addition of function research done in Wuhan is responsible for the disease.

>>20652356
you should be more worried about the Chinese sissy ray

>>20651955
>and almost a third of them fucking die of it
L.
M.
A.
O.

>>20652292
I'll give it a look see, I tried to see what was on NYSE but apprently you need to go through a broker for that, and I coulnd't find any on google, or at least ones that said they traded on NYSE. I'm not very smart so I might just go with pyshical metals for now, if I miss some big minning explosion then so be it

>>20652044
The only few of his top microcap favs that's available on common platforms in burgerstan seems to be Great Panther and McEwen. Then from Pan Man's list some other micros are Seabridge and Americas Gold. Then some of the bigger bois are Endeavor, Pretium, New Gold, First Majestic, MAG, Americas Gold. In rough order of market cap from smaller to larger. All available on Robin Hood, anyways.

I'm not even sure where you go to buy shit like Fireweed or Bluestone.

>>20652353
Me being able to drive my car and purchase milk is not dependent on my understanding or belief in any of those things. They also don't weigh into my decision-making when I decide to go drive to buy milk. The average woman believes what goes on under the hood of a car is incomprehensible magic, that doesn't prevent them from using an internal combustion engine. We're getting way off the original point, though. I agree that heuristics are only good in saving time, not informing you of reality.

>>20650981
>Sprott put a $1.5 billion option on silver
>for 75 million ounces
>over the next 25 months
You're going to be disappointed if you think silver is going to dive below the $20 price floor before USD hyperinflation kicks in

>>20652478

Note that PM anon said that the GDXJ and SILJ are the best way to invest for most people. You should be able to find those. And if not, then the stocks that are in them. Examples are Yamana Gold, First Majestic Silver, Fortuna Silver Mines, Hecla Mining, and Endeavour Silver.

>>20652293
Very true about inability to trust the numbers. On both ends - counts are likely being inflated with false positives and death misattributions, yet on the other end counts are probably being underrepresented on account of people (especially early on) not having access to tests, or being mildly symptomatic and never seeking a test. Plus there is always the latest wave of infected who are incubating and don't even have symptoms yet, so of course they would not yet be counted.

So yeah, I agree, it's an odd case where no matter where you are coming from on it, the numbers are not to be trusted and one has to fall back on personal anecdote to make sense of it. Unlike in your case, with me everyone I know who has gotten it has said it was not like any disease they have ever had, and their patterns of illness, being away from work, and their lingering symptoms all seem to bear this out. Perhaps someone of them were playing confirmation bias and buying into placebo and mistaking a random flu for a novel disease, but I find it hard to believe they all did. I was infected late february before there was even a narrative of it spreading in USA and even at the time I though to myself, "this is a fucked up and weird disease the likes of which I've never had before."

>>20652353
>just driving your car to the store to buy a gallon of milk involves you implicitly believing and relying upon consensus opinions in a multitude of fields - physics, chemistry, nutrition, economics, etc.
dont see how
driving works, i did it so i have solid proof of it
drinking milk nurtures me, i did it so i have solid proof of it
if drinking milk is good for me in the long run i dont know for shure, but there isnt even a general consensus on this
ive read that diary fats are unhealthy, ive also read that only diary fats from cows that are hold indoors and fed unhealthy food is shit and diary fats from outdoor cows that feed on fresh grass is perfectly ok
>i tend to believe the last one as i noticed staying indoor all the time with no sun makes me feel shit, also eating shit food all the time makes me feel shit
>assuming cows are very similar to humans - which they are, as all mammals, and assuming unhealthy animals result in unhealthy products this sounds beliveable to me

>>20652706
>drinking milk nurtures me, i did it so i have solid proof of it
Dairy is working against your body in a number of ways, what solid proof do you have ?

Fuckin zoom zooms need to focus on their online classes and stop shitting up PMG with their sophistry.

>>20650706
If the USD has to do a reset based on a gold standard, they'll have to confiscate the gold in private hands first before resetting and force people who have gold to instead of paper fiat or credit. You'll have to defend your stash from feds, and afterwards if you try to change what you've saved over, you'll have to provide proof of purchase after the reset. If you can't, you'll be arrested for not turning it in before the reset.

Haven't any of you dictatored? This is currency101....

>>20650061
any from before she was 35? she looks really good for that age

Ring ring*
JEROME PICK UP
ring*
PICK UP THE PHONE
ring*
JEROME GOLD KEEPS GOING UP!
HEY
ring*
JEROME YOU NIGGER PICK UP!!!!

>>20652764
there is always the black market. I imagine one could buy a great deal of heroin and hookers with gold and silver
who am i kidding when you have heroin you don't need the hookers more heroin it is

>Gold finally hit 1900

>>20652764
That's an option. They can also offer to buy the gold from you at the posted exchange rate - they print paper and get the gold, you get the new paper.

>>20652741
if i eat less than normal for a day im hungry af
if i substitute eating less with liters of milk im not
>Dairy is working against your body in a number of ways, what solid proof do you have ?
i dont notice dairy working against my body
i know some people are intolerant and those get the shittery but i am not

>>20652478
Physical Long term is the only real play.
I think we're about to be fucked gentlemen.
Circle-jerked to death

>>20652764
listen and memorize
>i used the pms´s i brought to settle a personal debt, i dont own them anymore

>>20652686
It was definitely the worst flu-like disease I had every experienced, but it was there and gone in a matter of days. I will say, however, that my cardiovascular endurance dropped off a cliff. When I started trail running this season it felt like the first time I had ever run. I wonder if the reason the disease is apparently so bad in the US isn't due almost exclusively to how poor our health is in general.

>>20652805
Yes, the black market will exist. But as we've seen in Venezuela, the black market consists of 3 currencies at the moment:
USD
Gold/Silver
Bitcoin

The cash USD has undergone inflation within Venezuela, and private gold/silver is on its way to being used up. Bitcoin has become one of the most important ways that people who have technological capability can trade and barter. But on the ground the general use is USD (which is why it's inflating there). Family members who escaped to nearby countries work and send over money to their relatives still stuck there....but the money they send over is in USD (hence the inflation).

If the USD had to be reset, you'd see world economic failure the likes of which we've never seen in history. Every currency at the moment is tied to the USD because of its function as the petrodollar. There would be no safe-haven fiat, and due to the perception of PMs being a safe bet in the general public (i.e. see Asian countries with hereditary jewelry), a reset would absolutely require governments to confiscate bullion and maybe personal jewelry (depending on how despotic the rulers of the individual countries are).

>>20652869
Yes, but they wouldn't buy it from you by choice. They'd force you to trade in your gold for credits, promissory notes, etc., and furthermore this would have to happen BEFORE the reset, not after. You'd get the inflated fiat value of the gold, not the reset value of the gold.

This is why PMs are a worse investment than land or real-estate. And before you say it, of course the government can come for your house, it's been done before. It's just not as viable because people need to live somewhere.

>>20652972
That doesn't matter. You'll need to provide proof of purchase if you want to trade them in at all after the reset, and personal ownership will be made illegal in the period of transition. It doesn't matter if you hide them; you'll be thrown in jail for using them.

>>20652909
A liter of 1% milk has 400 calories of fat and protein in it, dork. Of course you won't be hungry if you drink liters of milk a day.

>>20652572
welp. guess I'm done stacking then. fuck

>>20652782
>>20652940
Fucking pedo, your memes aren't funny. If she's an UD, then it isn't Questionable you fucker. Pedos get the rope.

>>20652999
Checked. How long ago did you get it and is your cardiovascular health starting to improve yet?

>>20652805
heroin dealers definitely take gold to my knowledge. hookers take heroin.
the circle of life

>>20653068
Just having a little fun

>>20653053
>my fiat currency is not buying me as much real money as it used to, and will buy me less in the future then it does today
>better stop trading fiat for real money then

?????????????????????

>>20651441

>>20653038
>set would absolutely require governments to confiscate bullion and maybe personal jewelry (depending on how despotic the rulers of the
oh no no no, we cant have goys be rich

>>20653068
i dont understand and i dont want to google it. could you summarize?
>has your health improved after having corona
are you joe rogan?

>>20652999
In my case the symptoms were only mild, chest tightness/oxygen-starved feeling and fever but no cough, on a bizarrely rigid 1-day-on 2-days off schedule that last 3 weeks and left me with about 50% of my usual aerobic capacity for two months afterward. Extremely dry, no sneezing or mucus ever.

I personally wonder if people with stronger immune systems end up having it for longer because the viral load never gets to a critical point where the body goes batshit and cytokine storms the fucker out for good. Instead it just hides out forever like herpes being a little cunt. No evidence for that, just my bullshit theory.

guess ill keep stacking batbois

Why doesn't golden state bullion charge me sales tax but every other dealer does?

>>20652764
>they'll have to confiscate the gold in private hands first

Do you have a real explanation as to why this would actually have to happen? Private owners account for only a tiny fraction of all the gold in the United States. Whether the government successfully confiscated this tiny fraction would seem to be not a deciding factor in whether the gold standard succeeds or fails.

Can you explain your logic?

>>20652970
I mighty just stick with pyshical, literally buying metal and keeping it hidden under your matress for a year or 2 is a hell of alot simpiler

>>20653181
> if people with stronger immune systems end up having it for longer because the viral load never gets to a critical point where the body goes batshit and cytokine storms the fucker out for good.

I believe this to be the case. Studies have shown that healthier people with the virus never develop antibodies, because their t-cells and cytokine levels are strong enough to keep the virus in check without developing an antibody response.

>>20653165
Ground Glass Syndrome has been reported in people who have recovered from COVID-19. Basically permanent lung damage.
>>20653068
Yes, my run times have come down and I don't feel like I'm going to pass out at the end of them. My O2 saturation is consistently between 96 and 98% though. May just be a quirk of my genetics or capillaries.

>>20653225
Bold also doesn't, as does any dealer when you get over $1,500

>>20653246
The feds would nationalize the mines first before raiding private homes for rolls of mercury dimes.

>>20653312
>The feds would nationalize the mines
I think this risk is understated itt. No one talkes about it. Everybody just shills his miners.

>>20653042
dont tell that to me, tell it the anon wo doubt me having proof for milk being nourishing
>>20653038
>That doesn't matter. You'll need to provide proof of purchase if you want to trade them in at all after the reset, and personal ownership will be made illegal in the period of transition. It doesn't matter if you hide them; you'll be thrown in jail for using them.
dont trade them with the government then, trade them with other people
or melt them into nuggets and say you found them lol
>a reset would absolutely require governments to confiscate bullion and maybe personal jewelry
why? it wouldnt be neccesary, i mean governments love to steal from the people for every (((reason))) they find but it wouldnt be neccesary to do that
most governments already hoard gold
>This is why PMs are a worse investment than land or real-estate.
Pms is a worse investment than land over long periods because your land creates profit (rent, harvest, wood...) while staying land and pms just sit there
>They'd force you to trade in your gold for credits
what gold? i dont have gold. i for shure didnt bury any gold :^)

>>20653038
The glowniggers can just as easily confiscate crypto as they can physical metal - probably even easier considering the depth of NSA surveillance/etc. Don't forget that electronic backdoors are embedded at the absolute lowest level of Intel CPUs, etc. Some backdoors are physically built into electronic circuits. I wouldn't be surprised if some part of the US gov has a database of literally every account/password that is in use, waiting to be put to use in the ultimate SHTF moment (just like nukes are). Not to mention if the government is desperate enough to go door to door collecting gold, they'll be desperate enough to coerce the right people to give up electronic data.

Not to mention that if you leave your PM sitting on the kitchen table so it is easy to confiscate, that is just as dumb as leaving all your crypto keys sitting on the kitchen table. If you are that worried, secure your shit. Literally the only things that are truly safe in absolute worst-case scenario are things that no human being can find. Good luck using your crypto when the US locks down the internet.

>>20653350
I was telling my buddy yesterday (who isn't convinced the dollar will collapse) to at least get into miners if he wants to keep doing the stonk-ride, but to be sure to get out before they nationalize the mines.

>portfolio is now 100% gold miners
i hope i haven't made a retarded mistake, like that one time i fell for the tankermeme

>>20653412
>No physical au and AG

Definitely ngmi

>>20653443
why can't i roll my stock gains in to physical?

>>20653312
You take my point though. Most Anons ITT have at most a few hundred ounces of silver and a few single ounces of gold. A few more dedicated stackers have thousands of ounces of silver and perhaps tens of ounces of gold, but almost certainly this is a minority within a minority that barely changes the average.

And putting both of these categories of precious metals investors together, and you’re still probably talking about <10%, maybe even <5% of all precious metals within the borders of the country (I admittedly don’t have the figures, maybe someone else can help me out with this but it is surely a tiny quantity given that 80%+ of Americans own NO precious metals according to the survey), with the rest owned by commercial banks, the Treasury and the Federal Reserve Bank.

If the government moved to a gold standard, what would they gain from targeting hundreds of thousands of individual stackers in laborious door to door demands and searches, the manpower, the conflict, the potential legal headaches. how would doing this help government policy?

>>20653476
your timing has to be impeccable but that's the general idea

>>20651064
Yes, crash the physical market. Texas has its own depository called Texas Precious Metals.
They have their own hotline for “large” purchases.
Just buy fucking kilo bricks and retire a total Chad.

>>20653476
You'll likely not be able to time it right and end up stuck with nothing but huge number of stinky stonks

>Engineer Gold Mines Ltd.
Why should I buy this shit? The site is crap and redirects to that old 90s looking website SEDAR for all their financials. I cant even find a picture of any of the people in the management or board of directors, even the CEO https://www.engineergoldmines.com/about/management-board-of-directors/.. All the pages on their Investors section just has this low quality ass jpg at the top. Oh and their fact sheet has a bunch of confusing word jumbles that make them sound smart. https://www.engineergoldmines.com/site/assets/files/5122/engineer_gold_fact_sheet_june_19-_2020.pdf
>The Engineer Gold Mine Property is an underexplored low-sulphidation style epithermal gold silver deposit
>Recent exploration has defined extensions of
numerous high-grade vein and shear-hosted
bulk-tonnage gold exploration targets and a
high grade gold bulk sampling opportunity

>>20653246
Think about the repercussions to the government if they didn't:
1) as the fears of hyperinflation foment, middle-class and upper class people transfer their wealth into gold or store it in other countries.
>the gov't would fail quicker if this happened: they need to keep the wealth of the nation inside the nation. That's why nations that are failing have laws against people taking money out of the country when they are escaping or leaving.
2) If gold is to actually back a new fiat, then the gov't needs an account of how much is actually in the country in order to accurately value their NuDollar.
>if gold is in personal hands and traded for fiat after, then the value will change
3) Bankers and the superrich would make sure that they are the only ones protected, since they have the job of rebuilding and running the country afterwards. PMs in private hands of individuals would endanger this. One strategy that can be used is to allow the OldDollar to hyperinflate to such a degree that the ordinary citizen would have to trade in their gold anyway to dealers or shops; then the govt could simply confiscate it from them instead of private citizens. It would be easier, for sure.
>let the population dig their own grave.

Also >>20653312

>>20653386
If the govt doesn't have an accurate accounting of how much gold is in their country, how can they tie a NuDollar to it in terms of a stable value? You have to understand: PM backed currencies only work if these numbers are known, and it's also why doomsdayers are calculating gold=50,000+ an ounce if gold were tied to all the USD floating around the world today. These numbers are not generated by accident or by randomness. Furthermore, other countries need to see the accounting in order to have confidence in trading with a PM backed currency.
>if everyone is using funny money, it doesn't matter. But if 1 person is using real, then there need to be guarantees.

every time I see 1900 it makes me smile

>>20653494
Especially given that a not-insignificant number of those seizures would end in the deaths of the agents tasked with the taking. People who stack PMs usually stack more brass and lead than gold or silver.

newb here. I've owned GLD and SLV since March and have been trickling in, is there anything else I should be purchasing? People are talking about miners but I don't really want to fuck with high risk penny stocks, am I looking at that wrong?

>>20653392
Agreed, anything can be confiscated. Your bank accounts could be plundered too by govts. In a worst-case scenario, the only things that matter are ammo, skills, and a community that protects itself. But at the moment we're only talking about a USD reset.

>>20653676
But Anon, you don't understand: it's not seizure, it's 'trading in your precious metals by law for the government's only form of currency that will be accepted at gas stations, supermarkets, etc. Trading in anything other than the government's official currency is illegal'. It's that simple.

>>20653641
>If the govt doesn't have an accurate accounting of how much gold is in their treasury
they do
the gold standard means the government backs up the currency with gold THEY physically hold, has nothing at all to do with how much gold is in the country in general

>>20653734
There are miner ETF's: GDX, GDXJ, SIL, SILJ. They are volatile, juniors more so, but aren't anywhere near penny stock tier. Also you'll want to order a few pieces of silver so you can hold it in your hands and feel it.

>>20653734
SILJ is probably good enough for 90% of people looking for mining exposure. It's a single click and you've got probably 5x leverage on the price action of gold. Some individual miners might perform vastly better but some of them are likely going to zero, even in the middle of a silver bull.

>>20653902
sorry, price action of silver*. my bad. You can do SIL, GDX, GDXJ as well, but if you're expecting a generalized metals boom then SILJ specifically will likely generate the most return (it also has the most risk of course, but at least being an index means it won't go to zero at random like individual juniors can)

What has /pmg/ become

>>20653777
>has nothing at all to do with how much gold is in the country in general
uhhh, doesn't it need to be sort of connected ratio-wise, to how much above ground gold that exists?

>>20649906
What do you mean by "feel unreal"?

>>20653494
The banning of gold ownership in the 1930s was necessary for them because so many people held it. That's not the case anymore. Most people don't own any precious metals outside some jewelry.

>>20653777
Yes, and the more gold they hold, the more dollars they can issue and the more powerful their country becomes. Hence: confiscate gold, make it illegal to use as currency, replace with PM backed gold. The problem is how to know how much paper can be printed if there is free gold floating around the market being used instead of the govt. fiat.

In other words, the problem is for the reset itself: how does the govt determine how many NuBucks equal an ounce of gold? So, the strategy would be to accumulate as much as your country holds, do the calculation based on what the population requires, and then you've got a NuBuck that is reliable.

The problem of course is that PM backed currencies are what led to the economic crashes and wars of the early 20th century anyway, so it's not like it's a solution, it's just another poor system. The only difference is that now we'd have one country with a PM backed currency and everyone else tied to them. It's familiar, only with the PMs involved instead.

>>20653880
Thank you. Do you have a recommended source for silver and gold coin in the United States?

>>20653902
>>20653957
Cheers. I bought GDX, SIL, GDXJ and SILJ.

>>20654027
Sorry, I'm likely contributing to the problem. Just trying to react to market situations quickly.

>>20653745
Bank accounts are going to be the first thing the government ransacks.

>>20654041
i think he means you prob feel like you never felt before because most of us are walking around with bodies polluted and denourished of nutrients because of our modern diet and lifestyle

imagine if your entire body and mind was reset to be the natural pure, healthy fully nutrients and mineralized as you were made to be, free of all the toxins and weird health malformities that we acquire through life

it would feel unreal

>>20654027
All the newfrens coming in is bullish AF. For better or worse, the days of comfy PMG's getting slid multiple times a day at 100 replies, those days are over.

Anyone here remember when copper got expensive in 2009-10 or whatever? When all the nigs were getting zapped trying to steal it?

Do you think copper will do that again now?

>>20651441

>>20654187
Mmm those look like small C's to me. My last girlfriend had large C's and I loved them. Been with an A-cupper for long enough that I get real bad cravings.

>>20654274
this guy was shilling gold in 2012 when it crashed too

>>20654089
Check the OP for dealers. Silvergoldbull has a killer deal where you can get a single 10 oz bar at spot. Also check findbullionprice for best deals. A few coins or rounds, or $5 Face Value of junk silver wouldn't be a bad first purchase.

>>20654187
I like the macroeconomic aspect of things, so I think it's nice to see the discussion particularly if I don't agree with everyone. To me PMs are about thinking about different scenarios and how to prepare for them, so it's good to get different perspectives on that.

When PMs are quiet these threads turn towards numismatics and quiet stacking, which is fine but not really that interesting after a while.

>>20654303
my gf has saggy tits, her worst trait. sigh.

>>20654309

You mean after recommending it from the beginning of a 12-year-long bull-market in which it went up 5x? All right.

>>20654372
He just continually says everything is going to tank and gold will go up, and yeah eventually he'll get it right. I mean if you would have listened to him in 2010 you'd have missed out on the biggest bull run in American history. Nothing special about perma-bears.

>>20654040
why and even how?
gold has the value of gold
gold backed currency has a fixed ratio of gold you get for each token
each token has the worth of the gold you can exchange it for
the price of things is from now on seen in the relation to gold

>>20654309
I thin if you had bought in 2012 you'd be in a pretty good position right now. You should have listened.

>>20654142
I can't agree with you there; you have to prevent the society from panicking. It's one thing to seize and outlaw the use of PMs; as others have pointed out, a very small % of people actually have them to begin with. If you did the opposite (seize bank accounts, and THEN seize PMs) it would be chaos beyond the control of the govt.

Remember too that in times like that, people do bank runs, and the govt has to restrict how much you can take out each day. It's all connected. As a govt, you have to make sure that you cut off all possible routes before instituting this kind of severe economic change.

For instance, you'd have to make it illegal for people to take gold out of the country. It would be okay to take bank notes, but not gold.

>>20654323
Oh, and I should also say it's nice to get perspectives from more people that aren't heavily invested into PMs already.

If someone is in the business of selling gold and they are telling you to buy gold, their advice should obviously be scrutinized carefully. Unsurprisingly the biggest names in PMs are also major PM dealers/investors that make their money from other people buying PMs. It's about as reliable as when banks recommend customers buy their mutual funds (which is literally all of the time, regardless of what the markets are doing). When was the last time Mike Maloney or Peter Schiff oor Eric Sprott were telling people to SELL or even NOT to buy?

>>20654429

Manipulation on the COMEX and lying by the Fed are the only reasons why PMs went down after 2011, and those circumstances are not going to repeat themselves. Nobody is stupid enough to believe that the Fed will normalize rates now, and the COMEX is in danger of imminent default. In other words, Peter Schiff was a principled man who was correct to advocate what he believed. And now he is going to be vindicated.

Stacking is getting awfully hard to do lately.
BRRRRRRRRRRRRRRRRRRRRR

>>20654436
You'd have gotten fucked and just barely been breaking even.

>>20654501
The fed always wins. I'm just saying if you listened to Peter in 2012, you'd have gotten completely fucked.

>>20654571

The gains which the miners and PMs are about to yield will make up for any temporary losses in a manifold way. Meanwhile, those who stay in the mainstream stock market are about to lose everything. So Peter Schiff will be vindicated and rewarded for sticking to his principles.

>>20654187
L E W D

>>20654082
>stealing stuff makes you richer
is that your point?
>The problem is how to know how much paper can be printed if there is free gold floating around the market being used instead of the govt. fiat.
as many as can be backed up with the gold in the treasury
>how does the govt determine how many NuBucks equal an ounce of gold?
compleatly irrelevant, its just a number and you can trade parts of it like with 100ct being a $ - it just has to be fixed so it is gold standard
its then valued with the value of gold
gold standard is trading gold certificates instead of gold because they can be traded online or in paper instead of heavy metal, it would be like trading (fractional)shares of a pm etf that is truly backed up
>The problem of course is that PM backed currencies are what led to the economic crashes
>the problem of course is that the government being unable to steal from its citizens and press down real wages makes line go down when it should go down
>and wars of the early 20th century
the real reason there are no wars between developed nations anymore are nuclear warheads, has nothing to do with fiat
>It's familiar, only with the PMs involved instead.
the whole idea is that the govnernment is no longer able to brrrrt as they please, this is not a weakness but the strenght of the gold standard
its good for normal citizens instead of rich people and the government

>>20653552
I have to pay the money back desu, although a long term trip to Switzerland may be nice

>>20654571
Getting the timing of your predictions right is almost impossible and mostly down to luck, so predicting big events somewhat accurately is far more important, at least in my opinion. He got the 2008 GFC right and thought it will all come down with it, which will probably happen now. In my book his prediction about the state of the economy was correct.

I know it's a decade later but if this crash had happened in 2013 or 2014 for example, you would have said something different probably.

>>20654027
A bunch of retards screeching about $0.50 movements in silver

>>20654486
This is what bothers me about PMs; the only people who encourage it are those connected with the industry directly. Add in 2 tablespoons of fear and a dash of greed, and you get people hoarding PMs that they'll never sell.

Then you have the stackers who swear by silver because of a ratio that 'should' correct (even though there is zero evidence that it will in the future), but who are really justifying their silver stacking because they can't afford gold instead, which has been historically the better performer of the two.

The only reasons I've found to hold PMs are if you live in a country with unstable economies (i.e. China, SEA, South America, etc.) or if you intend to trade for profit (and if you do so, ITFs are better for this anyway). Hell, it's better to buy a Rolex new and store it for 20 years than it is to buy gold.

What is really fucked up though is that you lose on every transaction with PMs: when you buy, dealer takes a premium, when you sell, the dealer takes a premium. It's better to be a dealer than it is to be a private citizen.

>>20654683
The govt being able to print money is important because the economic system is run using debt and interest payments. Interest is literally 'paying for time'; there's no goods, just time. Nothing is produced.

How do you have a monetary system work on paying for nothing if you can't manipulate the currency in order to allow for this?

If you really want a PM backed currency, then interest must not exist. If you can't afford a house in full, then you can't afford a house. It's that simple.

>>20654756
It's a big jump for them though...and they've been waiting for it for a long time now.

>>20654571

>The fed always wins.

You're right, Mnuchin is probably gonna come riding in on a white horse hauling gold from fort knox, to save the comex.

Beecome to stacker you were born to be.

>>20654810
So you're thinking the fiat, debt-based economy can continue into perpetuity without an actual collapse?

>>20654548
>seiko
Good choice in watches you are going to make it although I would trade that pen for a fisher space pen.

Any fellow platinum holders (20 times more rarer then gold) and cheaper then gold. New tech will be using a lot more platinum in the future

>>20654810
Interest is justified when you're putting the money into a profitable enterprise, which increases your income more than the interest decreases it.

Auto loans and mortgages can increase your cash flow indirectly by saving you time and making you more satisfied therefore increasing your productivity.

>>20655051

>>20654810
I mean the autistic newfags that come in here and spam about literally any price movement
>I AM FINANCIALLY RUINED AAAAAAA
btfo faggots

>>20655051
Which new tech, anon?

>>20655051
sadly too pricey for my poor ass but i guess I can just going to go steal some catalytic converters
well that or recover it from the dust on the highway
https://www.youtube.com/watch?v=v5GPWJPLcHg

>>20654938
There will be small collapses, but nothing that will cause the USD to cease being the reserve currency of the world. Consider what would have to happen:

1) US Military prowess would have to cease to exist. So too their nuclear arsenal.

2) US 'Democracy' would have to collapse as well. As much as Trump haters want to hate, he's not a dictator and after he's gone in 2024 the country will continue on its path. It will still be the land of the free, people will still buy firearms, and if you work hard in the right industry you'll be able to make a fucking fortune. This would all have to collapse.

3) The world economic system is tied together, so a single PM backed currency would be obliterated. What you need to remember about PM backed currencies is that they restrict the ability for a country to invest in itself. With fiat, you can raise or lower interest rates, which encourages or discourages investment, which directly affects growth of companies, employment, etc. With a PM backed one, you can't do this, because the extra dollars pumped into the economy will not be produced unless you mine more gold or go to war and take it from someone else. I will not work like this ever again, because the gains that the superrich have seen far outweigh what is possible with a PM backed currency, therefore Rothchilds will never go back.

Need I go on?

>>20655078
Correct, however you need to print cash in order for this to work. PMs are a closed system.

I lend you 1 dollar, charge you 10% interest per day, and in 1 day you pay me back 1.10$. How was the 10 cents produced? Has there been 10cents of value added to the total economy in that day? No, the fair trade would be simple: I lend you 1 $, you pay me back 1$. There are situations where the extra has been made, but the vast majority of interest collected by the system (see Banks and their favorite customers) is from people who are in debt who will never pay their loan back in full.

>>20654810
>If you really want a PM backed currency, then interest must not exist.
no, it means you can only lend money you truly own, instead of banks lending out money the fed pulls out of its ass and lends to them at better conditions
it would mean having money in a bank savings account would yield interests as the bank would actually need peoples money to lend money to someone
>Then you have the stackers who swear by silver because of a ratio that 'should' correct (even though there is zero evidence that it will in the future), but who are really justifying their silver stacking because they can't afford gold instead
the ratio argument is stupid, im in silver because its an idustrial metal with many use cases in technology, silver is mostly valued as industrial ressource, plus having monetary past, while gold is much more worth because of the value as pure investment
the not being able to afford gold argument is incredibly more stupid tho because everyone who can afford silver can also afford a, much smaller weight wise, ammount of gold, its fitting that you bring this on tho as you are also too much of a brainlet to understand the number of fiat per oz of gold thing being irrelevant as long as it is fixed

>>20655164
- Platinum catalysts play a critical role in extracting gasoline from crude oil.
- PGMs are vital ingredients in fuel cell technology.
- PGMs are an essential component in catalytic converters.
- PGMs are used to make industrial crucibles, which are used in virtually every industrial process.
- Platinum catalysts are used in the production of silicones, high-octane gas, and petrochemical feedstocks, which are used to make plastics, synthetic rubber, and polyester fibers.
- Platinum is an essential component in computer hard drives to increase storage capacity.
- PGMs are used to coat electrodes, the tiny components in all electronic products which help to control the flow of electricity.
- Platinum and palladium have been active chemotherapy agents since the 1970s and an estimated half or more of all cancer patients who receive chemotherapy are treated with drugs containing platinum.
- Platinum is an ideal material for pacemakers, stents, implantable defibrillators, and catheters.

What do you guys do to prevent your silver from getting spotty? I asked the store clerk about it today, and he said that I cant prevent it and the only important thing is, not to clean it, because that rubs silver of...

>>20655259
Bro, at the current rate by 2024 half of all federal spending will be interest on the national debt, and that's assuming the deficit doesn't increase and no further stimulus.

>>20655456
store it airtight

>>20653516
>>20653557
so when do you expect the miner crash to happen?

>>20655259
Within the next 20 years the US will turn into a mixture of somalia and mexico culturewise, so nothing is out of the question.

>>20655505
he said that would only slow the process but not stop it

I had a dream that Mike Maloney revealed his true self to me.
It was at a grand part outside. Almost like a festival.
I was happy because I knew I had won. We all won. We beat the bankers and everyone was celebrating a new era of prosperity and happiness.
Then Mike, almost as if he were omnipotent and knew me as his best friend, says
>Anon! Congratulations on preserving your wealth!
I say
>Oh my God it's Mike Maloney!
But he had a massive beard and was wearing a brown robe with a belt wrapped around him as if he were some kind of spiritual monk
We hugged and it seemed very pure because I earned his respect. I was crying tears of happiness because I finally met my hero.
Then we looked at the festival with cheers and laughs. The dream camera literally zoomed out and panned upward into the sky.
>tl;dr Mike Maloney is a dream wizard

>>20654971
I modded the Zebra with a Fisher Space Red Ink insert. I have black and green space pen inserts that a switch out also from time to time.

Is qrd somewhere for buying gold/silver?

>>20655263
Banks lend out money they have, but the money is from the customers who deposit. The economic system however is based on the concept of unlimited growth, and this is why it fails but also why a PM backed currency is impossible in these circumstances. Remember, when the fed prints money, they don't just give it to banks; they give it to the government and the government uses it through international trade, investment opportunities and contracts with companies, etc. It gets into the banking system via the human being getting paid by their company. It also gets to humans through social programs like welfare.

Regarding the holding of silver: I'm not saying you're stupid for holding it, I'm saying that the rational that we see on this board daily is not sound at all. As for not being able to afford gold, it's true because humans love to have proof of their work, something tangible to see. We like to buy things; why not buy things that are beautiful. Add on to that the theory that these things will not devalue, and voila! Instead of buying a new computer that will be obsolete in 3 years or a phone in 6 months, I have a shiny bar of metal that, while not doing anything, will keep its value until I need to sell it. It makes people happy Anon...why shit on that?

>>20655476
And this matters why? Who is collecting the interest on the national debt? That's the question that truly needs to be asked. Or, to put it another way, how do countries have their debt 'forgiven'?

>>20655537
Disagree entirely. Mexico is on the up-and-up economically and demographically, so it's possible you'll see people going back if the drug cartels are put in order. US could never get to somalia tier because of technology and capitalism (which encourages greed).

If you really want to preserve your wealth, invest in real estate and land. Do your research and buy accordingly.

>>20655640
nice

>>20655574
Add silicone dry packets (the do not eat packets) to remove moisture and maybe a small bag of activated charchoal to remove any sulfide in the air. Remember, Silver + Sulfide = BLACKED

>>20655259
So how come this happened to the UK being the standard before the us, and the spanish before that, and so on and so forth, all with out the total collapse of everything being necessary?

How do commies cope with their theories being proven wrong right in front of their eyes?

>>20655748
>Mexico is on the up-and-up economically and demographically
>demographically
Unless the castizos are replacing mestizos and natives, keep dreaming, buddy. Neoliberal economists have expected a new Japan out of Mexico since the 80s, but it cannot physically happen.

>>20655259
also pms are not a closed system, you can get more of them, and as the demand for more increases to accommodate things like interest, the value rises, which makes previously unprofitable deposits, profitable, thus increasing the supply to meet demand.

>>20655965
Burning things

When are the miners going to skyrocket?

>>20655748
>Banks lend out money they have
Stopped reading there because you're clearly retarded

>>20650381
>>20652782
>>20652940
>>20653098
>>20655429
>>20655982
Done

>>20655923
Because each one you mention was a geographical empire. The British Empire controlled 3/4 of the world's population at its height, and the Spanish controlled a very large % (can't remember offhand) of the economic strength and trading of the world.

The US is not an empire that was built by conquering other nations; it was built through geographical convenience, military dominance, and forcing countries to buy oil using the USD as the only means of trade for this commodity that everyone needs. It's that simple.

The collapse of the British Pound as a reserve currency happened when countries rallied for independence after the WWII. I don't know the details of why the Spanish empire collapsed; likely due to war, or their King being imbred. Someone else can chime in here.

With the US, there are no countries under its power that need to rally for independence, and oil is still tied to the USD (and there are more than enough countries that require the use of it and are not producers).

So, what would be the cause of the US empire failing? Anyone? Because I can't find one. They're producers of oil, they're producers of wheat, they're producers of technology, and they have the most powerful military in the world. Have I missed something?

>>20655748
>Banks lend out money they have, but the money is from the customers who deposit.
lol, is that why credit is cheaper than ever before in history resulting in effective negative rates when counting in inflation?
>The economic system however is based on the concept of unlimited growth
this is bullshit and has to change, its retarded for many reasons, the most severe being the imminent destruction of our ecosystem
>It makes people happy Anon...why shit on that?
i dont, silver is beautiful too
i just think gold might fall onto its industrial use value somewhere in the future while silver already is at that point basically
im not saying it will fall, i actually think it wont but i see the possibility while i dont see that with silver
when i brought silver in march i was shure it could only go up

>>20654756
god I wish I had a yandere gf like Yuno.

>>20656168
“Yandere” type girls irl are not fun, I used to want that shit til I actually had to deal with it

2D yandere girls are much better desu

>>20656094
You sound exactly like Peter Zeihan are you a fan of his work by chance?
There are a few things he does not take in to account the big one being like every liberal he refuses to see race. The European population is in the process of committing race suicide as does every race as it nears the end of a civilization.
There is no saving the US its collapse is a forgone conclusion as is every empires.
The current way of things can not continue forever and nor should you want them to.

>>20646969
>Venezuela is our most recent good example. Eventually the government will tax land so heavily they will start repossessing it and selling back for shit that actually has value (PMs)
This is what I am afraid of. I know that lots of us have an exit plan of buying land and fucking off, but what if we convert too early? Even if we think we get a great deal on land the property tax could be raised and we could all be fucked over. Is there any way to avoid this dilemma?

>>20656168
tsundere is superior in every way

>>20656201
I had one, but she was just a vapid whore under all the layers. Yuno wouldn't cheat on me.

>>20656245
BTFO stacklet

>>20656245
only if she is a classic tsundere and moves gradually from the tsun to the dere. If she is the modern one who just at a moments notice turns 100% tsun and does it over and over forever she is just annoying,

>>20655977
If the Mexican cartels are destroyed, then it can happen. If not, then it'll be a slow growth.

>>20655994
PMS are a closed system in that the value of an ounce is tied directly to a specific unchanging value of a paper NuDollar. PMs can be added to the system by conquering others or mining more, as I said, but the internal relationship between gold and Nubuck stays the same, and is thus closed. Fast growth is not possible at all, but you need fast growth in times of war or unexpected hardship (like Coronachan right now). If it weren't for fiat, US citizens would be starving on the street right now.

Fiat currency is open because the value changes according to several different metrics at once, some internal and some external.

>>20656078
lol I like your picture.

>>20656149
No, credit is cheap because right now people are hoarding wealth and not spending. The less people spend in a system, the less successful the system becomes. Therefore credit is made cheaper to 'encourage' people to borrow money to invest in the system. It's an incentive, in the same way that raising interest rates de-incentivizes people, thus slowing down the economy.

I agree that the economic system being based on unlimited growth is a bullshit system, but that's what it is and it's what the people on top want it to be because they make the most money from it. Why would they want it to change? Furthermore, why would you want them to make less money? Anon...have some compassion for our owners.

>>20656202
Zeihan was awesome a few years ago, but he failed in the precise way you mention: he doesn't account for racial instability, infighting between social groups, etc. Nor does he consider what the owners of banks actually want, he just side-steps it, probably assuming that since those in power will never give up power, it's easier to then anaylize the system using the a priori.

The US collapsing is a forgone conclusion but empty without a time factor. 2030? 2050? 2248?

>>20656236
Always have some capital (PMs) in reserve. Some recommend borrowing against your PMs.

>>20656358
USD collapses by 2022

>>20656358
>The US collapsing is a forgone conclusion but empty without a time factor. 2030? 2050? 2248?
I operate under the Spengler timeline which means most of us will probably not see total collapse within our lifetime but what we will see is the rise of the first Caesar and a transition to a proper Imperium.
In this scenario I think a physical asset like gold or silver will increase in value and holding what you can afford to hold makes perfect sense.
In a worst case scenario the price plummets and I have a bunch of shiny coins that I can put on my shelf next to the anime figures. Best case scenario I can buy some property somewhere and hide away if it ends up increasing enough in value.

>>20656358
>The less people spend in a system, the less successful the system becomes. Therefore credit is made cheaper to 'encourage' people to borrow money to invest in the system. It's an incentive, in the same way that raising interest rates de-incentivizes people, thus slowing down the economy.

>all of this economic illiteracy
>not understanding time preference and the function of savings
Please read some austrian economics.

>>20656245
maybe Senjougahara... just maybe. But we're getting off topic.
I feel like getting more silver now is FOMO. Compared to a month ago, I'd be losing out on 1oz every 10oz price-wise. Not that it matters, payday is next week so we'll see.
I'll either dump half my paycheck into 25toz silver or like 2 vrenelis (can't find 20 coronas with a sensible pricetag in my area)

>>20656358
Do note that crime is endogenous to cultures, not some external problem you can necessarily simply "deal with" once and for good. Culture enforces crime, crime moves culture, etc. And all of this is undergirded by evolutionary histories of populations, so it extends to genes as well. Maybe the Mexican thing is particularly and contingently bad even by Central-American standards, I'm not an expert. Hopefully you're right.

>>20656252
>dated Yuno cosplayer bc ‘cute yandere gf’
Plus she was cute
>ends up being legitimately obsessive
>would memorize my schedule, call me the second I woke up, got out of class, got off work, left gym, etc.
>cyber stalked my friends and confronted me about anyone I was close to who was female
>threatened to khs, hurt me if I ever left her

She was messed up mentally, a lot of hard shit from her childhood that fucked her up. Eventually I just totally cut contact and I guess she just dropped it. Haven’t heard from or about her since.
17 year old me did not make the best decisions

>>20654027
it's all the stupids blowing in from /smg/ town
it was bound to happen with the monday rally
it's only going to get worse from now on

>>20656476
Snek > crab

>this kills the shiny rock collector

>>20656476
>getting more silver now is FOMO.
yeah, i am getting priced out rn. im not continuing to stack at these prices. i just cant justify it based on the "possibly" that its really going to infinity.
because i see that scenario complicated by the idea that to really benefit id need to sell silver at some peak. then if i sold for fiat USD, id need to quickly move those proceeds into something tangible like real estate before the fiat is at zero value

>>20656611
More like it just proves us all right?

>>20656080
KEK
still stacking them florins boyos

>>20656611
Oh no please don't print more money! My shiny rocks will go DOWN vis a vis fiat when there's more fiat around

>>20656611
Anon did you even read what that says?
Printing fiat makes shiny rocks more appealing.

do you anons air-tite your silver eagles? non-governmental rounds i just keep loose but my autistic brain just wants to put every government coin in some sort of case or capsule

>>20656523
tbqh, now at 26, I wouldn't mind that. I don't like people in general, it'd be just me and my gf against the world. Just this 1 person to share the life with, I don't want anything else from this clown world and its fucked up population.

>>20656611
The amount of delusional cope in this image holy fucking shit lmao
There is only "low inflation" now because the US dollar is the world reserve currency.
This massive money printing does not work in any other country.
This is going to destroy the US dollar as reserve currency.

>>20656858
you're gonna get the same price when selling, milk spots or not. Coin capsules aren't that pricey, but try putting 100toz in capsules and it quickly adds up

>>20656611
>deficits and money printing may become the standard tools of policymaking for decades
>may become
WHAT IS TODAY'S DATE?! NO THE YEAR! GREAT SCOTT I'VE OVERSHOT!

>>20656858
Bootlicker.

>>20656611
this post made me order another 10 oz's

>>20653624
Buy enduro metals. Thank me later. Doubling up in 1 month

>>20656925
lmao good luck trying to sell your stack consisting of five dozen different mints and/or refineries. lot of people won't trust some random bullion they've never heard of, everyone that collects silver knows what a Silver Eagle/ Silver Maple/ Britannia/ Krug is

>>20656871

Also: CPI is a fucking fraud. QE never leaks out of assets if you don't measure the places where it does.

>>20655584
Nice!

https://silvergoldbull.com/10-oz-silver-gold-bull-silver-bar
>dealz boyz

>>20656358
>No, credit is cheap because...
how do they make credit cheap?

>>20657007
Way to miss the point.

>>20657066
the point that you're a fucking retard? no you've made that apparent for all of us

>>20657042
fuck why did you have to post that this late
I already spent what money I had allotted this week on 20 silver krugerrands

>>20656667
I'm waiting for it to dip more, or waiting for it to rise more. Nothing to do between $20-30

>>20657042
that 100 trillion dollars in the case is fucking hilarious anon

>>20657007
Anon, if you're liquidating a heap of bullion, you're selling it to someone who 99% of the time is going to have it all melted down into a big brick of fine silver. Its not as if the people you're selling to have somehow been in the market for PMs, but have also somehow never encountered a private mint before. I get that you're stuck eating $9 premiums on ASEs right now, but at some point you're just arguing to justify your purchase.

>>20657042
>muh .45AARP
based boomer stacks

>>20657042
How do you like your ruger? I was gonna get a small 1911 in 9mm for carry.

>>20657136
>he posts anime
your entire opinion is disregarded now, you were THIS close to being right. You hate to see it

Someone post the original FWTDHATQUD meme, with the milf and her daughter with blue eyes. It’s the best one and I don’t have it saved

>>20657042

>>20657200
Not diggin' mine? >>20656080

>>20657151
I love it. 10/10 highly recommend

has anyone paid tax on Sprott etfs (PHYS, PSLV) before? How much of a pain in the ass is the foreign investment tax process.

>>20655259
>1) US Military prowess would have to cease to exist. So too their nuclear arsenal.
i love this argument. which country does the US nuke when a loaf of bread costs $100?

>20657199


(you)

>>20656611
i fucking hope they keep this phony economy alive for decades, i'll stack gold and silver to the high heavens

>>20656538

>>20657141
Im under 40, nice stack btw

>>20657264
They’re good, but this one really does it for me. The text description and the dimes really make it

>>20657632
this. from now on, i will continue to stack until i die. it will prob be slow and modest amounts. but i will not stop stacking.

>>20654027
The same shit that happened to /smg/ 1-2 years ago. All of the comfyness will be gone, anime shiters will get worse, less talk about silver/talk, almost no pics of stacks, gooberment shit

i just paid $340 for two batbois

can we go back under 20 spot and can some silver mines find a negrolode of silver please

I bought another 100 Kronen gold coin.

>>20657721
less talk, more stack

post stack

>>20657678
nice
>>20657711
i'm getting fat neetbux due to disability soon, i'll stack 2 to 3 tubes a month if the prices stay at this level

>>20657804
>i'll stack 2 to 3 tubes a month
dang thats a good rate of stacking

>>20657694
I do like the damsel in distress vibe it puts out

>>20657789
Bought some asahi and ASE that I cant take a pic right now

>>20657908
POST SEXY JAP SILVER

>>20655051
I own platinum through BullionVault but the bid-ask on BV is a fair bit lower (1% to 2% or so) than the spot price. I looked into buying coins but the premiums were too high. Barring monetary chaos, I'd consider selling some of my platinum at $2,000.

>>20657878
do you really eat Kale?

>>20657908
nice. i never did get in on the Asahi cyber rounds. wish i would have bought at least a roll of 20.
oh well, ill snag some later if silver ever dips again

>>20657962
Im not at home right now

new >>20658054

>>20657991
i blend a little into a fruit/veggie smoothie, just a bit. its supposed to be loaded with good stuff. i couldn't eat it any other way

>>20655574
If you store silver in an airtight container with the airtight container filled with an inert gas (a noble gas such as helium would be best), the silver is not going to tarnish.

>>20657777
>7777

Very nice. I almost bought one last week but couldn't pull the trigger, now JMB is sold out.

>>20655965
Same as they always do: they blame it on Communism that wasn't done "right" and move on to ruin another country which somehow, magically, also won't get it "right."

>>20657436
I believe if you file the PFIC form, it's not bad at all. Or you can do what I did and buy those shares through a 401K or IRA.

>>20657994
What's the size of those gold Liberties?

>>20657777
checked and based

>>20656094
you miss the point entirely, the empires did not have to fall to lose reserve currency status.

the fact that the us empire is held together via economics, being the reserve currency, and military force, is not different then british/spanish empires before it. And we currently very much have other countries tried to untie themselves from the USD as reserve currency, IE russia, china, iran, ect ect

There does not need ot be a total colllapse of anything to change the reserve currency, and right now, the only alternative that most of the important countries would agree on is PM's

>>20657962
Here you go sorry for the shit picture and the small stack. Still waiting on most of my silver in the mail.

>>20657777
Witnessed. Patrician taste, fren.