/biz/ - Business & Finance

>>20650952
I really like schiff, he's high IQ, non-jew and doesn't need a script to present information. I just wish he wasn't blind about crypto. some anon said he bought BTC recently? is this true?

>>20651145
>Schiff
>non-jew

>>20651160
i-is he really a-anon?....

>>20651145
he is jew, butbonenof the few ones I actually belive. I like to listen to his rants as a background noise while programming

>>20651145
crypto is shit for the dregs of society. Also fuck goyim

>>20650952


BUY KIRKLAND LAKE GOLD YOU FUCKKING MORRONS. THIS CANADIANKEKMINE IS GONNA MOOON!!!

>>20651145
>some anon said he bought BTC recently?
I hope that's true. Schiff turning bull on BTC would be massive.

>>20651289
>the thousand cock stare

>>20651221
he's one of the good ones like Mises

>>20651333
checked and actually agree

>>20651145

Schiff despises Bitcoin just as much as ever, rightly so, since it's a ponzi-scheme. While BTC buyers were making literally no money from their investment, those of us who bought the GDXJ were going up 200%. Those of us who bought small-caps are up 5x, 10x, 20x, sometimes even higher in some cases. After Sprott bought FVL, for example, it went up 40x. Newrange Gold looks as if it is about to do the same thing. Once people realize the money to be made in gold and silver stocks they will flock out of crypto, and gold will be like crypto in 2017, as Lobo Tiggre has been pointing out for months. https://www.youtube.com/watch?v=20Co9ZxYa6A

>>20651444
dudemanbro, the entire stock market is a ponzi scheme. you need a better argument againstc crypto

>>20651504

Mining stocks are not. Mining stocks are the most undervalued assets in the world, even more so than gold and silver. GDXJ needs to go 3x higher simply to catch up with where it was in 2011, when gold was at an equivalent price. Then gold, in this bull market, is going at least 3x higher to reach its $1900 nominal peak in real terms; so even somebody who guys the mid-tier GDXJ and SILJ ETFs is going to make 10x their money. When it comes to the small-caps, 100x and 150x gains are going to be made. 150x is normal for silver juniors in a PM bull market. First Majestic went 150x from 2001-2011.

>>20651145
Someone at some point had gifted him some bitcoin and then he lost the key. Not that he would really care anyway.

>>20651295
yes it would the sell signal of the decade. Every single one of his criticisms of BTC have been from a fundamental perspective, when critics ignore fundamentals and buy in just because its going up then there are no greater fools left, its over

>>20651289
Ah, a fellow Kirklet. No debt, huge cash warchest, rising production, some of the highest grade mines by g/t in the world (fosterville and macassa), consistent dividend raises,and finally addition of Detour Lake seems to be going along smoothly and will add a massive amount of production

And technically, the weekly chart shows a clear Inverse head and shoulders with a near term target of ~$68. Damn it feels good to be a Kirklet.

>>20650952
>making 0.01% a year holding a literal rock

this is a crypto board boomer faggot. if i wanted to make less than min wage i'd go do landscaping with the spics

>>20652235

See >>20651444
>>20651568

>>20652235
Pajeet detected

wow, enjoy those 3% gains while i make millions with crypto

>>20651568
I notice you by how you are writing. You have made me a ton of money in the past 5 months, man. You have been telling the PMG thread about First Magestic for a while. It's literally a steal of lifetime. Same with SILJ. Can you imagine what will happen when these robinhood zoomers discover how cheap the mining stocks are. Kek. I got 100 shares of GDX. 200 shares of SILJ and 500 shares of AG. 5LBs of Physical silver and 1.25BTC. Sad the millennials are seeking stores of value and they don't even know it. That's why they all buy and Hodl crypto. Can you imagine if they had just been buy and hodling PM the whole time. Man, only the start from here. 2022 is gonna be yuge.

>>20652848

I am very happy to see that I was able to influence somebody so early. Thank you for your kind words. The reason why I have been trying to hard to get people here to invest in PMs is because 4chan is generally pro-free speech, anti-authoritarian, pro-free market, so the stronger people here become, the better they will be able to resist what lies ahead, whether it be tyranny from governments or insurrection by communists. I could see in February that the governments of the world would try to blame this collapse on the lockdowns instead of their failed economic policies, and double down on their tyranny to cover themselves from justice, and I did not want to let them get away with it.

Yes, people do not realize the value of the miners yet, but they will soon. Especially because the miners are going up today while the mainstream stocks are crashing. Not unexpected on the basis of historical precedent.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

I have been kicking myself since 2011 for not selling when gold hit 1900 then. Now gold is back at 1900 and I'm not selling again.

>>20650952
Are you still a stoneage monkey?

Welcome to the digital age leggard.

https://www.youtube.com/watch?v=-_ymZbwy9TY

>>20653632
Git

>>20650952
imagine holding shiny yellow rocks for a million years for like a 0.003% gain while everybody gets rich on imaginary technological currencies

>>20653729
>>20653632

See >>20651444
>>20651568

>>20653028
You helped me, even if late. Bought a bunch of GDXJ and SILJ, MUX and some individual miners on Robinhood last week. Thank you.

>>20653729
I think your seething would be more effective if gold and silver weren't soaring

>>20651444

>Newrange Gold looks as if it is about to do the same thing.

Amusingly, just noticed this. I said this before the stock market opened today. Newrange Gold is currently soaring. Up 31% so far. Told people to buy it on about ten different occasions over the past week:

>>20534251
>>20599808
>>20545690
>>20535710
including yesterday >>20603169
and the day before >>20567632

and one person (who isn't myself) has been saying to do so since 2019. I hope this shows people in cryptocurrency why they are wasting their time, and should listen and get into gold miners as quickly as possible.

>>20653784
>Don't even begin to compare to LINK
Cope harder anon

>>20653910
Investment tribalism is kind of stupid. I own LINK AND physical PMs. Why put all my eggs in one basket and not hedge?

>>20653857
A lot of crypto guys are already up 600% and much more since March.

Fuck your x2 - x5 gains in 10 year timeframe .

>>20650952

>>20653988
I hold both as well, but the proportions aren't even close, gold is literally trash compared to crypto..

>tfw normies come here and talk about how much they make with monopoly money despite all of us getting gigantic gains from actually valued currencies
You guys really, desperately, need to take your measly 2x gains and go the hell back.

>>20654118
Right now, but it's about to do like 1 bitcoins in one.

>>20654019

I hope you enjoy your 600%. My list of stocks is up more than 600% since the March lows, and going much higher. (Verify this for yourself: Viszla Resources 960%, Callinex Mines 900%, etc.) I am expecting 6000%.

>>20653750

Thank you for your kind words.

>>20654055
He looks like a fart who loves being raped with a strapless dildo.
Pervert assfucker trannie.

>>20654118
PMs are kind of like insurance though. My car insurance isn't so much an investment as it is something that in the case of catastrophe, I'm not completely fucked. It's currency crisis and major inflation insurance. I see the gold and silver miner stocks as halfway between, they can still make me a return, but are also providing insurance. So I accept a lower return for better hedge against currency crisis and very high inflation. I'm 60% in crypto and that's where I want to see my big gains. If things go tits up, I'm fucked like everyone else, but unlike everyone else, I'm not completely fucked.

>>20654195
+ staking rewards. What you got? lmao

Pervert assfucker stock junky

>>20653632
this is some cope propaganda

>>20654277

When all is said and done, hundreds of people here will have been enriched by me, while all you will have to say for yourself is that you flogged on them your crypto exit scams. At least you are anonymous and can save yourself from their opprobrium.

>>20654259
Eh I'll take the bet that everything will be ok..

>>20652178
>>20651289

Ye, there is just so much to be excited about and this stock is still even priced decently in case the goldprice would go down again or if the new mine performs like shit.

High reward possible, but low risk if you ask me.

Look at this leaffag explaining it:
https://www.youtube.com/watch?v=Bf0EVZyBLbE

>>20654259
This is unironically the issue with Schiff:
He insists people exit fiat, but doesn't get in to crypto...

As everyone else is saying here, PMs are a hedge against a devaluation of fiat, but crypto also is a hedge against the same thing.
The difference between the two of them is that it takes Au (or even Ag) years upon years to really manifest, whereas cryptos are so volatile that they moon sometimes in a matter of days.

All of the morans coming here and pretending their PMs or scam points (stocks) could do anything of the sort are deluding themselves beyond repair.

>>20654318
Imagine to invest in a stock market bubble while crypto has bottomed out.

holy moly

>>20654259
I will mention that after a few things happen, I will be taking 10% of my crypto and putting them into more miners. I'd like to keep 50% in crypto, but I can't unwind my positions yet.

>>20654388

Crypto is a joke. Had its bull market already in 2017. A few coins worth investing a little bit of one's money in for the fundamentals (BCH, ETH, XMR), but, upon the whole, a complete waste of time when 10x, 50x, and 100x gains in precious metals are a sure thing.

>>20654420
x100 are rookie numbers in the next crypto bull cycle.
The world goes full digital, full blockchain.
Even your silly stonks will be transformed to NFT's .

>>20654385
They are very risky, so that's probably why he doesn't advise them. He caters to people fleeing to safety from something impending. But I do think it's a good idea to assess one's risk appetite and find the areas where you can make money. Crypto is a place to make a LOT of money fast. You can also lose a lot fast. It's not for everyone. But unless society breaks down to the point where we don't even have the internet, then blockchain will absolutely be part of the future. Yes, we can have currency crises and a depression, but technology will still advance and blockchain will be adopted in some form or another. Long term, some blue chip cryptos have the potential to come out the other side of this as being fantastic long term holds. We have no idea how things will really play out, so we are just putting money on horses at this point, but in the short term, there is a lot of money to be made as long as you know it go very badly.

But that anon who is talking about miner stocks is right on. They have made huge gains since March and will continue to be a good hedge with good gains.

RATE ME LEAFBROS

All these retards thinking they mature and smart for buying rocks that might do 300% this year while I'm 450% up since March on crypto and it's about to go parabolic. Dumb fucks keep clutching your shiny rocks

Not only will Schiff be spared in the 4th Reich, he will be elevated to Oberstgruppenführer of finance and treasury.

>>20654703

See >>20651444
>>20651568

>>20654558
Stablecoins are specifically designed tools to help retain value of gains.
You simply ride the volatile wave and exit to stablecoins (multiple, mind you, because you're not a retard).
From there, you assess the worth of abandoning risk and moving your stacks to PMs to HODL long term.
Now you understand the value of services that offer crypto to PM transitions.

Schiff not comprehending this trading pattern is where he fails.
Yes, he knows a lot more about the entirety of economics than I'll ever care to understand, but people not seeing this after looking at the crypto space and other adjacent economic spaces for a mere year are failing themselves. This play is super simple and super easy.

I'm really not that smart, but it surprises me to see how some people don't understand the obviousness of this pattern...

>>20654793
so the absolute best possible scenario is like 150x gains which is fuck all compared to defi low caps. BORING BOOMER

>>20654326
in a few hrs we will see if KL has its highest weekly close ever (48.76 in USD)

So many miners have massive costs and tiny net margins, whilst Kirkland is just posting 40%+ net margins quarter after quarter its not even a comparison

>>20654703
Not owning both makes (You) the retard, anon...

Yes i agree the miners will win they will make 100x there money mining bitcoin

When will miners moon?

>>20654826
>40%+ net margins quarter after quarter
And this is not even counting the high goldprice in Q2

>>20654216

when gold mainnet release

>>20655034
When ATH is reached today.

>>20654912

SILJ and GDXJ are already nearly 200% up off the March lows, as compared with only 77% for the Nasdaq. Many small-caps are already up 5x, 10x, 20x, 40x.

>>20655365
All of the small caps I have invested in haven't mooned yet.