/biz/ - Business & Finance

FWTDHWAHQUD status-- {staying up and bingeing netflix}

When copypasting the OP, remove the [Embed]s so they don't stack.

Are credit suisse gold ingot watches a meme? I know that strictly as a bullion investment it's not worth it, but sort of want one just for the sake of it

Never Forget.

If we hit $25 tonight I'm gonna do it

>>20888341
its probably a meme but i like the idea.

>>20888368
Do it anyway you edgy faggot

>>20888377
Just want one to larp as goldfinger

>>20888341
How much are they and who makes the movement?

>>20888261
baste fidget spinner silver/xrp bro

>>20888555
checked!

>>20888555
Checked but boo hiss crypto
Physical only for me!

>>20888555
Wew I didn't even know XRP's icon was a spinner I just thought it'd be neat to have a spinner that could take coins as the weights

>>20888518
Apmex sells this one. I think they are about $400 aussie dollars (maybe $250USD?). It's probably shopping mall tier quality with a quartz movement. Compared to prices of fashion watches (e.g. Daniel Wellington) it is a bit more expensive

Gold breaks 2200 on monday
Roll

>>20888555
damn with the double triple, impressive.

https://www.youtube.com/watch?v=q03cWio-zjk

i know nobody is awake right now to appreciate this video. i listened to it again today and jesus christ it's scary how on point he is. talks about the gold standard, about how corrupt politics is because of special interests, about personal responsibility, etc. his fear of the future is very real when he was talking about our economic policies and that was in 2012. it's so much worse now. i'm glad to have a stack but shit is really scary. average people really dont get it yet either. i work with them and they know some shit is going down but they have no concept of the scale.

The Chinese bank prohibition against customers buying PMs may unironically be sparking a breakout in crypto currency. Looks like we’re about to see a very powerful move in the cryptocurrency market to the upside within a week.

>>20888717
Actual rolexes probably retain their value better.
I'm not saying you'll make money off any watch but some of them are more valued than others.

>>20888850
I have all my net worth in crypto (6 figures). Should I buy PMs or is it a bad time now? Looking to diversify.

>>20888899
It’s never a bad idea to take money off the table and put some in the cupboard. If I were in your position, I’d stock up on some physical PMs to start.

>>20888899
Digits suggest yes
Maybe move a third of it into physical and have some in paper as well

>>20888787
let it be so

>>20888899
it never hurts to put a bit away for a rainy day. Go with physical if you can find some than work from there.

>>20888867
Some Rolex designs are ok but I reckon they are too expensive for what they are. I've already got an automatic Vostok Amphibia as a everyday watch, so wanted a quartz dress watch to compliment it

> MARKET IS CLOSED
>(Will open in 38 hrs. 42 mins.)

Why don’t we have 24h markets yet?

>>20889050
Market rigger servers have downtime because they're old.

>>20888899
start swing trading with 1/3rd of it, and put all profits from swing trading into silver and gold.

Who thinks coins like this are a good idea to mint?
These are custom mint from Golden State Mint

How big are your stacks?
I got 85oz silver and 1oz gold
>inb4 glownigger

>>20889242

>buy in
>market closes
can't lose

>>20888341
>>20888377
Geroge Gammon talked about buying gold watches and/or jewelry for their precious metal content.

This is because most customs exempt accessories & jewelry worn on the traveler's body. Also FDR's seizure laws exempted jewelry, which is why so many were made into necklaces/pendants/earrings

>>20888787
Please don't

I need to buy some junior miners first.

>>20889471
>I need to buy some junior miners first.
Which ones are you looking at?

There's some pretty cool custom minted coins out there

roll to just say fuck it and convert my entire life savings to PMs

>>20889605
Based.
Do it

>>20889605
Roll

>>20889605
Do it! Be your own bank!

>>20888368
comex is closed on weekends, spot can't move until monday you mongoloid

>>20889729
Phys is only real price

Is there any mining compagny that isnt funded by debt ? I wanna invest into one but I need them to never touch debt and usury at all

>>20889471
It won’t. 2200 would be a ridiculously huge jump. I expect 2000 followed by a pullback to 1990 or even 1980. We probably still have a month.

>>20889934
>Is there any mining compagny that isnt funded by debt ? I wanna invest into one but I need them to never touch debt and usury at all
I think most of them have at least some debt. But there's many with way more cash than debt like Kirkland https://www.goldstockdata.com/company/262-Kirkland-Lake-Gold-Ltd.html

What is the most you've spent on an oz of silver?

>>20890000
>We probably still have a month.
The 2008-2011 bull Market was the best time of my financial life. I loved watching all shitty pennystocks I bought go up each and every day

>>20889439
I would listen to the part about watches again. It's not about the PM content, the right watches just hold their value.

>>20890047
31.67/oz
I thought it was exorbitant then, but now I'm not so sure......

>>20889439
Interesting, you a got link? I was thinking about buying some jewelry for cheap when the government benefits run dry and the unprepared normies get desperate. In a previous thread some people were discussing buying art as a way to store wealth, which was interesting

>>20889242
Stop buying meme coins
Either get asahis or buffaloes or some respectable round and not some retarded neckbeard boomer joke design
Why would you deface beautiful metal with some stupid butt joke?

>>20890047
$80/oz

https://www.perthmint.com/catalogue/year-of-the-mouse-quadrant-2020-1oz-silver-four-coin-set-lun-lsi.aspx

>>20890189
>Why would you deface beautiful metal with some stupid butt joke?
Because the cftc deserves to be mocked. As does the comex, the commercials, the sec, the treasury, and all other cunts

>>20890221
That is such an ugly coin
Old bullion is the coolest

>>20888787
rollin

>>20890221
I hate colored coins.
>>20890189
I didn't buy it, it was like 80% over spot.

What're the common bull theories on metals right now?

>>20890327

the leading theory, that i'm aware of, is the wall street bull is made from some kind of bronze colored metal...i believe they call it bullinum

>>20890327
Stocks respond well to inflation. This is why even a purely PM weighted portfolio should have some exposure to PM miners (producers and juniors), PM royalty companies, and futures contracts depending on risk tolerance and capital.
However, the interest in the metal is primarily from the utter devastation brought to the bond market and treasuries in particular. There are dwindling bonds worth holding without paying huge premiums and treasuries are now negative real returns because of enormous money printing. Conservative "wealth preserving" hedge funds, money makers, and portfolio managers are accumulating gold and silver for the foreseeable future as long as bonds remain dumpster fires. "Zero returns" is better than negative. Which, as currently stated by JPOW, interest rates (the floor of most bonds) will be suppressed until the end of 2021 at the very least.
It is difficult to judge the scarcity of gold and silver as being driven by long positions winning over shorts (especially true with silver after JPM was forced to undo its short manipulation) or issues related to production shutdowns as a result of covid 19.

Have I missed the gold train? All gold ETFs are up like 30%+, mnrs 50%. Worried the growth has been too quick to keep up.

>>20890425
>All gold ETFs are up like 30%+, mnrs 50%. Worried the growth has been too quick to keep up.
There's still plenty of cheap juniors out there

>>20890425

depends what your time frame is. 1 month? possibly. 5 years? virtually no chance, the dollar is cooked.

>>20890327
I'm short term bullish. Subprime crisis gold went up until 2012 and then crashed hard. So I'm cautiously riding up what I believe will be another wave where people think the government spending is going to debase the dollar, when in the end that is unrealized and then gold takes a dive.

>>20890425
I think gold still has a ways to go up, personally. We're only at 2012 ATH, with where the markets are now I think gold could go up a lot more before crashing again

>>20889934
fosterville south doesnt have any debt as far as i remember. but i missed the pump to buy in, it went from a dollar in may to 3 today.

G-guys, wasn't it $3k week ago?

>>20890526
Hope you finished stacking buddy

>>20890416
This makes sense to me, thanks

>>20890502
Fosterville South is shit. There's much cheaper plays like gbz.ax

Why do I love gold so much

>>20890047
25,5€

>>20889242
This is a shit design
Silver shield makes some nice ones tho

>>20890570
>gbz.ax
was that stock delisted for a while? or did they just start issuing stocks?

>>20888261
Hello silverfrens.
I'm wondering, is there a way to buy small amounts of metal over the course of a year, then have them ship it to you all at once?
Can I buy paper and cash it in at an exchange somehow?
I live in Germany, not sure if that matters

>>20890830
why would you want to do that tho?

>>20890830
You would have to pay fee for storage. It is an option in UK. You buy with no vat and pay fee. Then when you want them to deliver you pay vat. Ooor you can sell without ever delivering at spot price.
https://www.bullionbypost.co.uk/silver-coins/britannia-silver-ounce/vat-free-britannia-silver/
This way you pay 0% tax and not worry about storage.

Do you guys have any silver that you consider an emotional purchase? Do you consider it as part of your stack or as a separate collection?

>>20890830
Gib me money I buy you silver in small increments and ship what to you when you want.

>>20890965
No emotional purchases but I do have some heirloom silver in the form of earrings, a water pitcher, and a teapot that belonged to my grandparents which won't ever be sold unless something apocalyptic is going on.

>>20890965
Not silver. I have 1 gold piece I'm attached to.

>>20890757
Uh no.
It's gbm resources on the Australian stock exchange.

What are some good type of jewlery I should buy if I wanna invest in that too? 18K? Saudi?

>>20888787
Only if almighty quads

>>20890526
Just wait till the next stimulus bill ..

>>20891073
The teapot sounds nice, I've been keen to check out some vintage stores for good deals on sterling silver. I have a 18k gold chain as an inheritance, never selling and don't count it as part of the pm stack.

>>20891219
Looks great! Do you consider it part of your gold stack or something special? I keep pic related in my wallet as a fondle piece. I consider it part of the silver stack but wouldn't sell it on a whim like a silver roo

>>20891370
That's a neat piece. Got a pic of the other side?

My gold quarter is part of the stack but it would be the last piece I sell and only if it were life or death. I stack silver to play the ratio, I stack gold for my grandkids.

>>20891545
>>20891370
Forgot pic

>>20890047
$27/ozt

That ruined my average so my entire silver portfolio cost $19.3/ozt

>>20890221
I have a 1kg non-meme version

I’m literally obsessed with gold I spend so much time watching about gold is there something wrong with me an I turning into a dragon

>>20891588
Under $20 and you’re basically in at the ground floor

>>20891662
Tfw you will never be this comfy

>>20891670

>>20891662
>shiny boomer rocks have the power to turn /pmg/ stacklets into actual DRAGONS
I don't care if it's stupid, I really want to believe.

>>20890261
I’ve always found it interesting. This Crown I have is from 1824. A labourer would have had to work for half a week to get that. That just shows how undervalued silver is now compared to when it as used as actual money. That value ratio per ounce may come back in the next few years.

Are current prices still worth buying in on? 27/oz for silver seems pricey, but then again I'm a brain dead zoomer.

>>20888261
ah crap i hid this thread by accident when hiding the 143 crypto threads. i saw the op image and thought it was a crytpo thread
i was looking everywhere for /pmg/ and couldn't find it cuz it was hidden, lol

starting out to be a rough morning frens.
need more coffee

>>20891588
>>20891670

I just started buying silver a few days ago.
I bought an oz for $30 but most of the ones I bought were 27-28/oz. (I have 20oz, haven't started a ledger yet for my prices / average, will soon)
If it gets back down to 20-ish I'll sell off a bunch of crypto and build up a nice stash.

>>20891858
instead of hiding threads, to to 4chan.org/biz/pmg when you want to visit the thread.

Comfiest thread on all 4chan

>>20891874
I believe we’re gonna go north of $200 ez so $30 isn’t terrible. You could have gotten in cheaper but you could have been like me stuck waiting years for the bull market to start.

>>20891903
whoaa, that is so coll. i never knew of this
you must be some kind of super elite radical hacker with a whimsical technique

>>20892004
I made a 50% return on my crypto investments the last month, Decided to diversify recently.
>>20892017
I've been on 4chan a very very long time.