/biz/ - Business & Finance

We better break 28 before 9:30

>batboi that I ordered weeks ago STILL hasn't arrived
REEEEEEEE being an ausfag is suffering

I'm gonna INFLAAAATE....aggghhth...
https://www.cnbc.com/amp/2020/08/05/the-ballooning-money-supply-may-be-the-key-to-unlocking-inflation-in-the-us.html

>>21051187
Hey /pmg/ I have about a half ounce of gold that's been sitting in a 5 gallon bucked under my deck for the last 15 years.

is now the time to bring it in from the cold and sell it?

>>21051248
I know how you feel, one of my orders has been stuck in a processing facility in Baltimore for the last week.

PUMP

>>21051283
Yes,

>>21051252
600$ checks gonna make inflation for people drowning in debt and no job. So cute.

what is it doing there?

>>21051283
Hold it

>>21051303
Thanks! I guess I'll sit on it a bit longer then

>>21051317
ok now I'm getting confuse

>>21051314
My gold?
It's not doing anything. Just been chilling in a bucket for a decade and a half because it wasn't worth fucking with

>>21051335
Why would you sell when the bull market is starting you absolute mong

>>21051361
I'll do the opposite of what /pmg/ tells me and see how it goes. So far I got one sell and 2 hodls

>>21051187
AROOOO .... RISE, RISE MY PRETTY

>>21051335
Gold is still a few hundred bucks away from its ATH if you adjust for inflation. If I were you I'd hold at least until the price reaches $3000/oz.

>>21051427
Thank you. Do you think it'll hit 4 in the next couple years?

>>21051286
Yeah I also have some Silver Shield and a guitar pedal somewhere in postal hell. International postage is just a pain in the ass.

If pms go to some crazy numbers then what's the point selling? It's not like fiat will go back to normal. What is your aim?

WAGTMI

>>21051481
Jim Rickards and Peter Schiff did an interview together on Kitco recently. They both agreed it'd likely hit $15,000 minimum, but likely much higher.

https://www.youtube.com/watch?v=TnOcRRJHTmk

>>21051591
If PMs go to that level, fiat will no longer be widely used.

>>21051481
4k seems likely based on most of the forecasts I've glanced at, but I'm no expert so I can't really say anything for certain. There are some very big indicators that point to Gold surpassing 3k within the next 12 months though.

>>21051591
well it would get the bucket out from under my porch for one thing. It would give me a bit of spare cash to make the mortgage payment if my job shuts down. Other than that I'm just curious if now is the time or if I should wait. It can sit there another 15 years for all I care, but eventually I'm going to die and someone will throw it out because it looks like a wad of melted trash.

>>21051481
The fed is inflating! Fuck, don't be so fucking stupid. Every day you fuckers come into these threads asking the same stupid questions. Just do some critical thinking. If the fed is inflating the dollar till it is worthless why the fuck would you trade PM's for dollars?! Fuck, stop looking to be spoonfed!

>>21051187

>Prospecting
https://youtube.com/watch?v=ZCL6FKQZyoM

>Test
Nitric Acid
https://youtube.com/watch?v=3mg9YcAShTo
Magnets
https://youtube.com/watch?v=NgSXg-WOEVY

>>21051643
Personally I think the tome to sell is when somebody brings up Gold in a conversation. At that point, you know that the price is likely going to plummet within the next few months. Also, if you have a gun safe or something like that, it may be a better idea to store it there instead.

>>21051252
> A woman
That's a man counting U.S. dollar bills

>>21051410
Opposite of sell means you buy another half ounce

>>21051702
>If the fed is inflating the dollar till it is worthless why the fuck would you trade PM's for dollars?
because my mortgage payment is in dollars, not metal.

dollars going down is good for me, I just need to know when to execute the eviction and find a new home for my metallic freeloader

>>21051719
Everyone I know talks about gold, they have for years. So that's not going to work. Nobody is going to steal it. It's been there forfuckingever. I haven't even looked at it in the last 14 years and I know it's still there because it doesn't look like anything.

>>21051746
This is the end of the entire monetary system as we know it. 90% of americans today are only alive because the dollar has value. When the dollar dies, they die. There is going to be so much fucking turmoil in the system we will be lucky even to survive. Look around, everyone has gone completely insane. The rule of law has been thrown out the window. Shit is fucked. We are going down hard!

>>21051746
Yah, soon is a great time to sell if you've had it that long. You'll get spot for it, but if you wait a month or so, spot will be in blistering highs, then will be the best time to sell.

>>21051795
I agree that's possible, but if it doesn't happen I still need to pay the bills.

>>21051808
ok thanks. Sounds like /pmg/ agrees we're not at the top yet.

>>21051815
You sell that half ounce and pay the bills for what? 2 months maybe, then what? Hold onto that thing for dear life! That little half ounce could save your life one day. Also I think you are posting bait because you couldn't possibly be this retarded. I'm only responding to maybe help someone else not so fucked in the head.

>>21051808
>if you wait a month or so,
Why do you say this specific amount of time?

>>21051863
>2 months maybe, then what?
trumpbux? vaccine?

I don't know. I'm not asking for your schizo apocalyptic fantasies, I just want to know when to sell.

>>21051922
Go through the effort it takes to critically think about the economy and money in general. Then add in the social breakdown and trampling of the constitution. Then think about what caused rome to die. This is your life and you leave information gathering to a couple of questions on an anonymous gutter oil sales group webpage. Fuck!

>>21051922
LCS guy (who i trust, i guess) dropped some zerohedge on me and told me to wait until ~$100 to sell.
Figured parting with 1/3 of my stack at that point seems reasonable.

>>21051187
Is anyone else scared at how fast things are falling apart? I couldn't imagine going into this with no silver or skills.

>>21051633
For PMs to replace fiat gold would need to go to some crazy price like 50k

>>21051922
Did you sell spare wheel in your car? No? Because you might need it one day and it is cheaper to own it that those couple dollars you would get for selling? Smart!
Now do same with your metals.

>>21051970
Finally someone in this thread with some brains.

>>21051900
September silver deliveries
Currently at 672 million toz and counting. If even a third of those actually get called for delivery, it will call into question the numbers in the COMEX and may in fact collapse the whole thing overnight.

>>21051780
Only sell if you need money and try to avoid selling below the inflation-adjusted ATH. If everyone you know talks about gold, it should be pretty easy to sense when the market tops. Is the gold a coin, a bar or a nugget?

>>21051970
Also, yes. Things are going much faster than I thought they would and it really is becoming scary at this point. Pray God Daily.

>>21051591
Not even thinking of selling until a portion of my stack can afford a house/land outright and even then I'll probably just borrow against my stack for whatever new currency they cook up after the dollar dies.

>>21051977
This!

>>21051968
>~$100
did he say anything about gold?

I have a few ounces of canadian junk silver to unload but I don't know that even $100 is worth searching my closet to find it.

>>21051998
If everyone is talking about gold, it will be because the dollar is about to or has collapsed, the dollar and gold will never be widely popular at the same time, selling your gold for dollars once it is in high demand would be a death sentence

>>21051998
>Is the gold a coin, a bar or a nugget?
it's a wad of amalgam I pressed and then annealed a long time ago. I tried treating it with acids to remove base metals but it wasn't thin enough so I neutralized the acid in a bucket and tossed the whole mess out under the porch.

>>21052074
I live in gold mining country, and I mine gold, and all my friends mine gold, so talking about gold here isn't necessarily bullish.

>>21052079
I am 100% sure this guy is baiting us.

It's not going to be long until I can get a thai whore to literally suck my cock for a silver eagle.

>>21051994
That doesn't make a lot of sense. March, April and May had 5,000,000 a month delivered. What were the figures for those months?

>>21052100
If you mine for Gold I feel like you shouldn't need our advice on when to sell and buy.

>>21052038
Naw. He does seem pretty bullish on gold, though. Told me to buy gold mining stocks back in april, before their shop shut down for "covid". So I tend to have a bit of trust in what he says; obviously DYOR though.

>>21052100
what district you in mate?

>>21051970
It is weird, the worst thing is, there can be great many reasons for that. Some of them are not "dangerous", some are straight up "Economical Cold World War".
We live in interesting times, but I don't think it will benefit anyone who's not the Top 1%. They have enough power to influence the events in their favor.

>>21052204
>my thread's ID is "Wokaj Pink"
That's it, lads. Time to sell...

>>21052166
If fiat is going to zero, there's no point in selling more than the minimum you need to pay your bills with

>>21051966
Check your doom diarrhea. There are too many people in this country that do not want it to break apart and go down the tubes. You see all the people that want to go to work when there is a pandemic? same people will keep the country together. I'm not saying it is going to be a smooth ride, but the plane ain't crashing.

Comex update. They did manage to shed some contracts as a couple thousand rolled over to December however there are STILL over 670,000,000 ounces standing for delivery.

>>21052240
I do not see fiat going to zero. I do see a war with china, though.

Why are queens beasts so comfy, lads

>>21052153
>I feel like you shouldn't need our advice on when to sell and buy.
I don't pay attention to markets, you guys do.
>>21052166
thanks, sounds bullish
>>21052179
still leadville district

I'm the anon that posted an ounce of amalgam a few months back. I still have that sitting around too. For about as long as the bucket gold. 15 years or so.

>>21052204
Economic warfare? I think it's all domain warfare. I kind of wander how YouTube, Google, Apple, Facebook etc are going to do with hard money... digital or silver or whatever. I'd think twice about my own spending habits if the money I had to spend became real and I'd really be inclined to spend it on real things of value (in my perspective). If I had the choice of buying a new iPhone or buying a real hardwood desk I'd pick the desk. But at the moment I'd get the iPhone and a shitty MDF desk.

>>21052116
You already could do this easily

Soon you'll be able to buy a lifetime of blow jobs from one thai hooker for an eagle

GDXJ is down 2 percent in London, and most PM stocks are lower than they were yesterday, even though gold and silver are up. Do we have an explanation for this?

The question of 'when do I sell' becomes a moot point when your nation rolls out USD 2.0, and lets you redeem your bullion for the new digital PM-backed treasury notes no questions asked. Feels good manifesting destiny sometimes, ngl.

>>21052300
I see fiat keep falling until the Fed allows the interest rates to rise Volker style

If they want to inflate the massive debt they had like post WW2, they'll need to cap yields for at least half a decade. Meanwhile gold & silver will double in value annually at the very minimum

>>21052385
Spot and phys will decouple at that point, because of severe supply/demand imbalance as supply approaches infinity and demand craters due to people demanding liquidity of paper metals, or else dealers simply refuse to buy and wait for it to bounce back.

But this is all academic, because, institutional investors fucked up by getting caught and having to sell PMs in march. Make no mistake, many people on wall street know the score now (even if the media is controlled) and they're very quietly repositioning themselves such that they have sustainable PM hedges, and many of them physical and allocated. There will not be such a rally again.

>>21052385
>redeem your bullion for a new digital PM-backed blah blah

You wrote that all wrong. But anyway no one wants to hand over gold and silver for digital gold or silver in the hands of .gov.

>>21051994
Its entirely plausible that a COMEX collapse could trigger the next leg down in the world economy. Every normie will know of gold and silver at that point as the rocks that caused their bubble lifestyle to end. Possibly creating desire and resentment opening them up to be subverted by a new digital currency with a promise that this time it will be different.

>>21052463
I would happily if it gave me purchasing power, obviously keeping some for insurance. Not sure why people here think metals are some saviour of humanity, all they are is a safe hedge against a deeply corrupt monetary system, to every normie it's just a rock that's dug out of the ground and that's the rules you have to pay by

>>21052463
Holding pm forever is not an option. Yesterday musk tested his Mars rocket. He is going to dig craters there, before 2030. This is the last bull run on pms.

>>21052116
You can do that for like $10

>>21052545
>>21052539
when did 4chan become so cucked?

>>21052385
IT'S ABSOLUTELY FUCKING HAPPENING

>>21052317
ah i remember, some day i ll have to go on a tour of the US mining districts.

>>21052584
When did 4chan become a hugbox for ideas which only you subscribe to?

>>21052545
>Geologically dead planet
>Precious metal deposits
Mars doesn't have precious metals accessible to mining under Earth like conditions, let alone with a space suit on.

>21052462 Shalom

>>21052463
They will once they become money again. You could trade in fractional silver if you wanted, but given the high value that even 1/10 ounce silver coin will carry once PM prices are reevaluated for the modern economy, it isn't reasonable to buy a coke with one. By having banks hold your metal and square your account with moving metal at the end of the quarter, you get the divisibility and convenience of a debit card with the real value of metal. It also solves the counterfeiting issue by ensuring that all metals represented by digits are real, as opposed to metal 'in the field', making it easier for vendors to accept it than a handful of different rounds.

>>21052629
Imagine thinking you'll ever get a blowjob for a mercury dime when people won't even take 10 ounces of silver instead of a chocolate bar.

https://youtu.be/bYhTFz_SGw0

SLV is real silver.

You'd be better off stacking Palmers "chocolate" than FAKE (physical) silver.

What's his endgame?

I've been talking about pm at work ever since I started buying (mistake I know), and nobody really cares or gives a shit. Why are normies so insufferable

>>21051248
Mine took 5 weeks and just arrived a couple of days ago

>>21052782
You should talk to them about paper (real) silver.

>>21052817
Never reply to my posts again

>>21052832
You're a true autist and will definitely make it, albeit 50% poorer than paper stackers.

>>21052782
Its just not important to them until the news tells them it is.

>>21052584
>>21052615
Each crater has a meteorite in the middle. Meteorites are full of pms. You don't have to search for them, just go and pick them up. Easiest mining method in existence.

>Ever selling your silver for any reason ever.

>>21052852
You see this shit? Sitting up all night spamming pmg? This is why your father never gave you an ounce of respect. You are a disappointment to him. You're not the son he wished he had.

>>21052016
How does one borrow against his stack?

Silver is hitting 28 now

>>21052923
Your premiums are not the gains you wish you had.

>>21052832
>>21052923
just fucking filter him

>>21052947
Sell futures. You need 50,000 ozs though.

>>21052955
who cares. All shitposters disappear within a few months. Let him get tired and disappear into the wind

>>21052980
Shit posters don't die. They just fade away.

>>21052615
If musk develops a mining setup that works on Mars I ll gladly go there ASAP. I dont think hes got that figured out quite yet though.

>>21052987
Yep. All trolls and shitposters fade away eventually. That's why I don't filter anyone and learned to stop giving a shit. You're welcome to make everyone else mad

>>21052786
they really look nice. congrats

>>21053057
You know that's a one way trip?

>>21051187
Plans on market open, gentlemen?

I'll start:
If price holds above 27.50 expecting a big sell-off on open, going to go all-in August 21 calls SLV $24/$25 strike

(Reasoning:
>people will wake up in 1-2 hours & see their portfolio up, line up to sell
>market manipulators will drive the price down so that the shorts can exit cheaper
>every market that has opened today Tokyo, Hong Kong, Dubai, London silver sell-off on open
>silver is going to break through $30 in the next 2 weeks

>>21053078
>All trolls and shitposters fade away eventually.
welcome to 4chan. you're in for a surprise.

if you can find an archive before 2016 I'll point out my posts for you.

>>21053129
I am hoping its figured out by the time I am in my 60s, if they let me go at that age I ll gladly stay on Mars and die on Mars as its first off world prospector.

>>21052878
You are retarded, if anything, asteroid/mars/moon mining will increase the price due to the cost of the mining. It's expensive and difficult to mine for gold here on Earth, now imagine in a hostile environment without protective atmosphere, oxygen, lower gravity and the danger of dust storms that last for months and solar radiation.
Asteroid Mining is a Jewish FUD meme

>>21053149
you lose focus over the years

22oz of Gold
1200oz of Silver

Am i going to make it lads? Bought during 2018 and 2019

>>21053138
God speed real silver miner.

>>21053203
well my eyes have certainly gotten worse, that's a fact

>>21053138
If so, thanks Jews that would be a godsend, but I am doubtful

>$27.84

>>21053162
I just spent an hour trying to explain to a guy on /tv/ why space mining doesnt make sense currently. People generally have no clue how PMs or any other form of mining converts rocks into resources and it drives me bonkers.

>>21053222
Checked
YGFMI

>>21051252
OH MY GOD IM PROOONTINGGGG

>>21053314
I don't doubt we will do it in the far future but at this point we can't even keep our roads maintained. How the he'll would you transport it back to earth? To worry about that in our lifetime is ridiculous

>>21053314
they watch too much hollywood propaganda and think the tech is here now or just around the corner. it's fucking not. and to be honest if it was i'd be devastated to think all the breathers on this planet are going to benefit from space mining or traveling to other planets as easy as going to another country right now. Imagine mars full of blm protesters

>>21053419
I agree, we can just about get people to the moon and back right now, were expected to believe were going to be sending ships or drones out into deep space to strip mine space rocks? Good luck with that.

>>21053274
Wow, just wow!

>>21053274
Silver is absolutely fucking unstoppable right now

>>21053469
Original timeline from 2003 was meant to be Mars by this year. We are pissing in each others pockets about getting to the Moon. I'll believe it when I see it. And I'm not of the opinion space travel isn't real - it is.

>>21053523
I really do want to see at least my grand children get to see deep space travel to places like Mars, but at the rate things are going I dont think thats happening.

>>21053162
>>21053314
Mining on Earth surface is very complex due to water and wind erosion sending bits of pm everywhere downstream until it reaches ocean.
On Mars/Moon you don't have that problem, you can see from space where meteorite landed and it is still there after 500 million years. There is no mining involved, you only need to pick up that magnetic rock at the center of crater. It can be done extreamly cheap compared to Earth operations involving moving mega tones of dirt.

>>21053585
your half right there, pms are just as concentrated as that on earth, thats what all the exploration work is for, locating those high value deposits of ore. Just because there might be a big chunk of high value ore in that crater doesn't mean can do anything with it yet. You still have to excavate it, process / refine it. We currently don't have the tech to process or refine minerals in low gravity.

>>21053665
move the meteorite back to earth and do it here

>>21053585
>until it reaches ocean
Imagine how many pm are inaccessible due to being beneath the waves

>>21053571
Dude, it would be nice. But, the way things are going, there isn't going to be just a financial reset or sociopolitical reset or even a war reset or any number of fantasy land resets. Those might all come to pass but the real reset is something else and it's most probable it'll happen in my lifetime. If you look at all the things going on... and understand that the decisions being taken are by those far more in the know it will give you a very different understanding. If you are clever enough you could work it out.

>>21053691
Thats extremely costly and not efficient. Your expending fuel to get the cargo from the moons surface, out into space, than land it on earth. To make it economical, you would need to bring back tonnes of resource, and landing tens of tonnes of anything on earth from orbit is a massive challenge.

>>21053585
>>21053665
I think you guys are arguing over nothing.
The biggest problem with asteroid mining has to be the cost of the energy to transport it around the universe.
We would pretty much need free energy for space mining to be viable. It's just not gonna happen.

>>21053730
its even worse when you realize whats dissolved in the oceans.

UNSTOPPABLE EEEEEEEEEEEEEE

>>21053665
With Moons low gravity you can afford to send meteorites back to Earth. Not to mention that such infrastructure will bring investors and inventors to the space mining and costs will fall exponentially. I am talking about decades, not next 5 years, but go bac in time 5 years and look how much space industry grew already. It is new frontier that is about to open. Right now I am all in pms but after the bull I am out.

>>21053866
>>21053798
sorry i may be still stuck thinking i am arguing with that idiot over on /tv/ on the same subject. I still think the costs wont make space mining viable for a very long time, but if the tech did come about you know where I would be.

>>21053905
Did you know that Sony sells playstation below production costs? It is normal for big companies to do something below costs just to ease finances in other segments. Some tech companies never make profit, but they operate and grow with hope of making it once they are scaled up enought. Space mining is no different, the don't need profit to do it, they only need to excite investors enought to cover for losses. Basic biz. Panning gold is cool but does not make you an expert.

>>21053866
How are you going to transport tons of material without destroying the earth? Heinleins Moon is a Harsh Mistress revolved around the premise of an oppressed moon colony fighting back by using earths gravitational pull against it

>>21052132
July had 80 million toz silver delivered. At that time, there were like 320 million toz in COMEX vaults.
It is eventually a fact that September will hurt them badly and might even kill them (though I would not bet on that, they'll always find ways to fuck us), especially since we also saw record deliveries for gold this month.

>>21054024
very true, I do not claim to be an expert on the business side of that, I got stuck on the logistics is all.

>>21053138
It's going to break 30 end of this week. And 50 the week after. They don't want people getting on this moon ride. Doors are closing.

>>21052878
All elements heavier than iron are rare for a reason

Is it worth investing anymore if you have a sizable stack? Say about 1500oz.

>>21054061
ok those are big numbers but in dollar terms kind of small. clear out the vaults and kill the market?

>>21054024
ok retard. start up your space mining corp. fucking easy as getting investors to give you cash. America is basically in brand management at this point. have some rope.

>>21054219
with 1500oz I would focus on food, weapons, land next

>>21053274
If you don't laugh you gotta cry

>>21054205
Lead is not that rare

>>21054269
and more expensive than iron.

>>21054269
Have you tried to buy ammo lately?

Gold is holding around the 2050 mark wants to break higher but just isn’t

>>21053152
Based AF anon

>>21054603
we will see real shit when the stimulus check is passed

>>21054626
When I get that check I'm spending the entire thing on PMs. Fuck the dollar.

>>21054626
Stimulus is retarded, paying people not to work with taxes. It's not even welfare , these people would rather be working. Negative gdp

What's a reliable way to test gold bullion without any equipment? I'm paranoid that the Krugerrand I just bought is a fake.

>>21052358

GDXJ is still down -1.40% in London, despite the fact that gold is holding 2050. Silver stocks like Hochschild Mining are red, despite the fact that silver is up 3%, and pushing against $28. Cannot understand this bizarre behaviour. Why won't people buy miners any more? They should be 3x higher to begin with, but how can they not at least go up on days when the metals themselves are green?

mfw silver is so hard or expensive for me to get in australia right now that getting fractional gold is cheaper. Even 50% pre decimal is absurd prices.

>>21054691
look up specific gravity testing. You can do that with an in home scale.

>>21054694
Can't hold miners in your hand.

>>21054715
Thanks anon

Why isn't/pol/ talking about pm anymore? There was like 2 threads a week ago, now silence. Every time bitcoin rallies we don't stop hearing about it nonstop

>>21054717

If miners don't soar during this PM bull market, then it defies 100 years of history. There's a reason why Peter Schiff is so enthusiastic about mining stocks.

>>21054717
only if you are a handlet

>>21054715
>he doesn’t know about tungsten

>>21054740
>gold ath
>gdxj 64
>waiting

>>21054230
There is no space infrastructure yet. Observe what will happen when 100th mars rocket is built.

>>21054772
Tungsten coins are usually off when weighted. Government minted coins have a consistent weight.

silver price predictions for end of september?
i'm thinking $50 per troy ounce

i just realized i have things to do today and its 3 in the morning. Night all!

>>21054708
Buy kilo bars from the Perth Mint m8. Premium isn't too bad.

>>21054806
www.foxbusiness.com/markets/biden-green-new-deal-silver-prices-bank-of-america.amp

>>21054691
I have this, works great.
https://goldcoinbalance.com/

>>21051591
Never trade your PMs for the current USD.
Wait for a gold/silver backed dollar

>>21054914
How would this work in our favour?
Can you give an example of how this would theoretically work for a guy with 10000usd and a guy with 1oz gold if a gold backed currency was implemented?

Is this the fastest collapse in the GSR in history? Absolutely unprecedented and could only mean the manipulators are capitulating.

>>21054903
Wtf I'm riding with biden now

>>21054914
trade actual gold for an iou gold note. oh yeah, i think they tried that before.

Guys please be completely honest with me. I have $5000 cash right now. Should I blow 3k on gold and silver? I'm getting hit by FOMO really hard, I'm scared that PMs will soon be out of reach for me in the not to distant future.

>>21054903
that's interesting and bullish but i think silver will reach $50 on its own by end of september without biden's plans

>>21054946
>Can you give an example of how this would theoretically work for a guy with 10000usd and a guy with 1oz gold if a gold backed currency was implemented?
Because gold and silver would have to be revalued.

>>21055000
Nobody knows but maybe 2k from first majestic, if 5k is actually all you have

>>21054914
no thanks i'll keep my metals

>>21055000
I'd say silver over gold till the g/s ratio gets closer to the historical norm. Make sure to purchase the actual physical metal instead of the fake paper ETF.
https://comparesilverprices.com/

>>21055000
>Has $5000
>Checkum

>>21055058
>Make sure to purchase the actual physical metal instead of the fake paper ETF.
be careful...you'll summon...him....

>>21055000
https://www.store.firstmajestic.com/
Go to First Majestic right now and buy the max they allow for each item (not the commemorative shit). They are selling right now at $29/oz total. You are not going to find a better deal right now. It's not FOMO. Have physical because I don't think it's going to get any easier or cheaper to get.

>>21055089
Buying vertical top is often disappointing.

>>21055058
>>21055027
>>21055113
With 3k I think I can get 1 gold maple leaf and about 45~ ounces of Silver.

>>21055128
that's a good deal. wish i had cash right now. those 1/2 oz rounds are cheap per oz for fractional silver and might be quite useful.

>had an 10oz command that was on hold
>check the price
>14 per oz
This feels so distant now
We might never see silver at this price for the next 50 years

>>21055130
Maybe if that were anything else. But PM in the current climate?
>Massive unemployment
>Demand collapse
>Second round of stimulus in trillions
>Treasury Sec basically said as many rounds of stimulus as needed
>Fed will go to yield curve and inflationary debt management strategy in September formalizing negative rates
>No possible way for Fd to ever raise rates again as we are fully in the debt trap
>second "wave" of COVID looking like schools will be canceled and Fed calling for second lockdown
>JP Morgan cleaned out of the short business and can't/won't manipulate market any longer
>Mines have been closed for a period and only now getting back up to speed
>Everyone and their mother taking delivery which is going to cause a COMEX default force majeure
TA misses that part...it's kind of a big part.

>>21055000
Depends how old you are and what your income is.
If you think you might need any part of that $5000 in the next 10 years, then illiquid physical metals are a bad idea.
Metals are really only used as a hedge against inflation or currency devaluation, neither of which you should really concern yourself with if $5000 is all you've got.

>>21055216
Yeah, they are the best deal in town. Too bad they have limits, but that's part of why they still have it left to sell. I think giving more people the opportunity to get their hands on 75 ounces at $1 above spot is better than just first come first serve. With what's on the horizon, it seems more like a public service.

>>21055230
True all that, but chart is just begging for shorting. Even venezueal stock market had some downs in going parabolic.

Silver just hit 28 bros

>>21055251
You think silver is illiquid? It's liquid in normal times and twice as much now.

>>21055141
Look into sovereigns, if they are below aUNC you can get them for pretty close to spot if you look around.

>>21055141
Do it, now and feel easy about it. Transform your thinking and your life.

The decision is really a spiritual transformation and entering a covenant with wealth than some investment.

>>21055297
Even if we do get a correction, which is distinctly possible, it's not a top. Short term price action aside, we really only have up to go from here. Negative yields on the 10Y means a giant part of the world's reserves just started sniffing around gold and silver. A rock that collects dust beats the hell out of an instrument with negative interest.

>>21055251
I'm only going to spend 3k which I will regain once the stimulus bill hits. So it's mostly a matter of timing issue.

>>21054694
Could be that since miners are more speculative investment more people are now deciding to take profits and selling.

I'm honestly glad, I hope it stays that way for a few more days until my next paycheck arrives, because I'm sure it will bounce back.

>>21055297
Literally just look at what happened 10 years ago. Except this time it won't stop at $35.

>>21055297
And to emphasize, even if we see a pullback in spot, we won't see a pullback in prices. Premiums will just rise. Premium on ASEs are already $13+.

>>21055299
FUCK IT I'M SPENDING MY 3K

>>21054694
>Why won't people buy miners any more?

Probably the COMEX JPMorgan scandals and indictments. Now that the paper miners are exposed as worthless smart money is dumping their bags

>>21055373
DO IT BRO DO IT BEFORE 30 PER OZ AAAAAAAAA

>>21055373
JMbullion has decent prices on Asahi 1oz rounds. I'd buy a bunch of those on top of bulk 10oz bars

>>21055350
DO YOU GUYS NOT UNDERSTAND MY SITUATION????

3 thousand dollars is essentially worthless, because in a few weeks I'll recoup that money with the stimulus check. If I wait a few weeks until the check comes in and buy PMs then WHO FUCKING KNOWS where the price will be then?

Really it's a no brainier and a testament of the declining value of the dollar with these stimulus checks

>>21055444
My trips have spoken
Do it bro and post pic post checkout

>>21055388

What is this SLV paper shill going to say next month, when the COMEX actually does go bankrupt? Should be pretty entertaining to find out.

>>21055373
Welcome to the club m8.

>>21055373
You’ll be exchanging it for real money.

>>21055388
"paper miners"?

>>21055130
this isn't some speculative bubble where the pumpers are gonna dump at the first opportunity

gold and silver are going back to being money

this was the inevitable consequence of nixon closing the gold window in 1971

everyone is going to snap out of their false reality soon

the greatest wealth transfer in history is fast approaching

>>21054903
Kek. If this silver rally is based on that demented
old crook winning an election then we all better sell now. President Biden isn't happening

>>21054694
Because the market isnt acting rational and everyone is expecting a massive selloff in the equity market. Thats why you see the bond yields plummet and gold skyrocketing. Doesnt matter that high goldprice is good for those stocks, because the stockmarket and reality are completely decoupled at this moment.

>>21055445
Chill out dude

Pan American Silver (NASDAQ:PAAS) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.05 by 460 percent. This is a 600 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $249.50 million which beat the analyst consensus estimate of $219.34 million by 13.75 percent. This is a 11.82 percent decrease over sales of $282.95 million the same period last year.

1/rY52Le
>Oh boy 3am! Time to clock in and start shilling on the Tanzanian hat weaving forum!

>>21055445
>https://www.store.firstmajestic.com/
I already told you. Go here now and buy max amounts of everything.

>>21055507
Yeah we haven't printed trillions while cutting taxes under trump

>>21055012
>biden's plans
Biden has no plans. Old cunt can't even formulate a coherent sentence

Approaching 40 Kangaroo Dollars lads. I remember back in the day buying my first rounds at about $19. It's coming lads. We're all going to make it.

>>21055500
Stocks in miners are basically paper you know like shares of stock were recorded on paper. Now I suppose its e_paper. So technically you are correct. I should have said e_paper miners . My bad

>$28.02
That was quick.

We're back at 28.

>>21055572
Yes, but it's equity in an actual company making profit from pulling the metal out of the ground. Presumably, it becomes far more profitable to pull the same rock out of the ground when it's worth twice as much. Miners are a good play. It's not "paper silver" or "paper gold". It's equity in an actual productive entity.

ohh fuuuuuu

>>21055607
What happens when COMEX and jp Morgan get audited and the paper just isn't there? Like suppose there are 100,000,000 shares of majestic silver but the audit shows ten times that many? You cant just say it's ok if the paper or e_paper isnt there. Then the whole thing is fiction

Silver is absolutely fucking unstoppable. Imagine JUST being a silver short right now. They are either going to cover soon (very expensive) or they are going to have a religious experience once it breaks 50 and jumping out of a building seems preferable to facing the unrealized losses.

>>21055686
Oh I should have mentioned this is the same problem SLV has it's been discussed. When they discover the vaults are empty of paper e_silver the price goes down to $3

>>21055686
What does that have to do with AG? What does that have to do with GDX? That means the paper market is toast. Maybe SLV and GLD get liquidated for pennies on the dollar. But the market for the actual metal still exists, and if anything, prices soar because real price discovery without the short game is allowed to happen. Very positive for the miners. AG doesn't need the futures market. AG is selling directly to producers and directly to consumers. Owning AG is owning a profitable venture tied to a market that is going to have very high demand even in a depression.

>>21055680
You ready for the moon mission boys?

>physical price diverges from spot price
>sep 20 calls demand delivery of physical metal
>drives physical price even higher
>naked shorts get btfo, nobody's shorting now
>comex collapses
>silver price is now set by physical holders

what a time to be alive

>>21055729
>religious experience

>>21055553
>Biden has no plans. Old cunt can't even formulate a coherent sentence
No, i haven’t taken a test. Why the hell would i take a test?! ... Come on man, that’s like saying you, before you got in this program would have taken a test for you taking cocaine or not, huh? Are you a johnnie? giggles laughs Well... if you can’t figure out the difference between an elephant on a line, i don’t know what the hell i was talking about, did you watch that... look, come on man... I-i-i-i i know you’re trying to go with me but i mean, i’m so forward looking to have an opportunity to sit with the president, or stand with the president in the debates. Took me plenty of time, and by the way as i joked with, uh you know... if-... I-i i shouldn’t have said.. I’m gonna say some i know i-i-i-i... i probably should say. Anyway, i am uh, i am very well willing to let the american public judge my physical (lmfao) mental field- ... my physical as well my mental fill- ... fitness.

Anyone buying SLV armageddon puts for if the SLV fails? You can get the 5p november for a penny. Thats a 500:1 payoff

>>21055786
Trumps losing it too America is fucked with these goons running things

>>21053203
>22oz of Gold
>1200oz of Silver
>Am i going to make it lads? Bought during 2018 and 2019

>>21053368
>Checked
>YGFMI
this

add a little BTC though frens

>>21055754
Don't bother replying to this guy, he's just spouting nonsense and shills SLV

>>21055754
>taking the bait

>>21055729
>religious experience

über kek

>>21055786
Out of all the crazy shit I've seen from that old cunt in the last year, that video from yesterday
was the best. Imagine thinking this globalist geezer even makes it to November. The election will be delayed because the commies won't have a candidate

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>28.00
>28.00

I'M GONNA FUCKIN CUM MY PANTS I DONT CARE ANYMORE IF PEOPLE SEE THE JIZZ STAINS.

>>21055833
>>21055835
It's him? Dammit. I guess he just woke up. My coffee hasn't kicked in yet. I thought it was someone genuinely confused.

>>21055786
I thought he said, "Are you a junkie"

>>21055729
What does it actually mean when somebody has to ‘cover a short’?

>$28.26
Are we going to see another dollar shot?

>>21055812
Trump isn't losing shit. Trump doesn't lose

>>21055754
I'm just saying that paper e_silver miners have the same comex problem as paper e_silver holders like slv

>>21055892
They have to market buy it to deliver it.

>>21055796
Holy shit we are all going to make it. Where do you buy those?

Don't buy now, when it hits $30 it will pull back a lot for a short while, buy the dip.

>>21055874
he did say junkie, it's just a copypasta and the OP took the transcript and made it 20% more biden

>>21052539
not at all. Nearly everyone thinks gold looks good and expensive. Demand for jewlery is and has always been huge u idiota

lmao we're going to speed past $29

>28.14
>28.14

>>21055901
On the offhand chance you aren't the guy, I will finish by saying miners do not have exposure to COMEX. Miners will be able to sell in today's market without the need for an antiquated paper market that has been only used to manipulate price. Gold and silver, in today's market, does not needs a futures market or bullion bank speculators.

>>21051643
are you able to see the bucket inside your head as you mention it?

29 before end of next thread

screenshot this

is $50 going to flip support?

>>21055920
So basically it pushes the price up even more

What the fuck are the jews doing?

I thought they were going to keep suppressing the silver price so we can stack silver cheap.

fucking worthless jews.

a single 10oz silver bar will get you pic related EOY

>>21056013
They are not willing to throw their big stacks just to get a sinking dollar. I predict the plan is to wait for the Gold/Silver Ratio to go down a bit, then they will dump their silver bags and trade it for gold. At least that's what I will do.

>>21056023
>muttistan flag on the back
Ew no thank you

>>21056023
Sweet wrap on that Bugatti

>>21052878
society on earth will collapse long before space mining becomes viable.

>>21054946
You'd swap usd for newbuxx at a determined exchange rate 1000:1 or whatever. That newbuxx dollar would also be denominated as .xxxOZAU gold or .xxOZAG.
So you swap in your ounce for 1000 newbuxx

Silver rally since July.

>>21055952
I didn't expect any resistance at all until 31 USD after it closed above 26. Next resistance after 31 is 50 USD obviously and after that it's the ultimate moonshot that will make the HW of the world FWTDHW

>>21056074
Question is, how much stuff could you buy with 1000 NEWBUXX? Are we going back to the world where a house costs 30,000?

>>21055965
You are getting all aggressive friend. Who are you king fucking potato to decide that

>Gold and silver, in today's market, does not needs a futures market or bullion bank speculators.


Fuck off you nazi fuck dictator faggot shill

>>21056000
Checked. Yes. That is what a "short squeeze" is. In normal markets, if price reaches high enough that a short position gets forcefully liquidated to reduce risk to the lender, that causes a price increase as the position is bought out. If that price increase is enough to trigger the next short position liquidation, then repeat this process as shorts get liquidated and prices spike. In the metal futures market, it's not so much a position getting forcefully liquidated due to price, but because of contracts with set delivery dates being stopped (meaning standing for delivery). JP Morgan, HSBC, whoever issued the contract will need to deliver. If they had a naked short, meaning they did not have the silver to deliver, then they have to "cover" the "naked" short by market buying the silver/gold in order to deliver on the contract. If they cannot/do not, they can employ the "force majeure" and pay out the contract in cash. However, if this were to happen, it would only happen once, as that would spell the end of the credibility of the market. This is what we are looking at as potentially happening in September as currently more than 600 million ounces of silver are still in open contracts. If they get through September, then December will be worse. There are more in outstanding contracts now than they either have or would be willing to actually deliver. Now that people are actually standing for delivery instead of rolling the contracts to later months, the game is probably up.

>>21056074
>You'd swap usd for newbuxx at a determined exchange rate 1000:1 or whatever.
>eurodollar blocks your path

when COMEX collapses what song will we play?

gold 2100 before the next thread

>>21056151

>>21056122
lol

>>21055965
And another thing enjoy finding out that your miners vaults are filled with fucking already chewed corncobs I'm sure you will find a use for them

>>21056122
>You are getting all aggressive friend.
>Who are you king fucking potato to decide that
>Fuck off you nazi fuck dictator faggot shill
take your meds schizo

>>21056013
Jews have stacked and win either way

>went to sleep with stock futures green, PMs crabbing on some minor gains
>wake up to red stonks and PMs have taken another charge forward
Now if only the dollar index would turn red, this would be the perfect morning

>>21056047
very gay

>>21056055
very based

>>21056125
This is the coolest thing to ever happen

>>21056161

>28.31

I cummed my pants

Why does platinum have 2 different prices and gap is getting wider and wider?
Xptusd is blocked below trendline not letting it go past $990.

>>21055371
What makes premiums fall?

>>21056170
Fuck you trash you cant tell us we cant speculate on metal you dog turd wannabe Mussolini'

>>21056190
What is the picture meant to convey? Never take advice from boomers?

>>21056217
Psychology

>>21056172
This. After sucking every last drop out of the short side by destroying the futures market, they will now stiff contract holders and profit from the price spike that the collapse of the COMEX will create. They will pick every morsel from the corpse before they leave nothing of value behind. Judgment is coming for them. Jerusalem is Babylon the Great and YHWH will judge.

>>21056225
yes

>>21056193
Is this why SLV is mooning despite it being shutdown by comex?

>>21056239
Schiff and sprott are boomers, now what?

>>21056137
https://www.youtube.com/watch?v=1xEyds9Z4II

>>21056125
Very succinct and based description of events currently unfolding.

>>21056225
yeah ... boomers

>>21056269
seethe more oldie

>>21056125
English motherfucker, 1oz of silver in 2021 will be how much?

>>21056299

>>21056299
Fresh new hot baked wonder bread

>>21056299. New new new

Should i buy in Gold & Silver now or wait for a pullback?

>>21056311
in 2021 silver will no longer be valuated in dollars

>>21056137
>>21056137
>>21056137
https://www.youtube.com/watch?time_continue=18&v=7hx4gdlfamo&feature=emb_title

>>21055988
Yes but rn we need 28 to flip as support. It's major resistance from 2010-13. Once its been claimed I don't see us stopping until past ATH. Reminds me of gold when it finally broke 1400 last year.

>>21054024
space innovation have been high the last decades, but will start to decline now. Metals mined in space will stay in space, makes no sense bringing it back to earth. You are leaving out 1,000 potential problems. Its extremely risky and a million things could go wrong dumbass

>>21056319
No links, no go

>>21056322
The pull back was yesterday it was like 20 dollars for gold, any dip gets aggressively bought

>>21056319
Seethe, Rabbi. Seethe for me.

>>21056319
Suck start a shotgun

>>21056137
https://www.youtube.com/watch?v=eJlN9jdQFSc

>>21056217
Lack of demand in the physical market...so not anytime soon. Think of the Premium as the supplement to the "real price". Spot is a manipulated overleveraged price. It's used, but if you actually want to own silver, that may not be the "price" the seller is willing to let go for it for. So the "real" market is when you hand over dollars and they hand you silver/gold. That is the REAL price. The difference between that and the spot price is the "premium". It's arbitrary and just fills in the difference in prices between the paper market and the real market. It's why premiums are crazy right now. If you had silver to sell, would you sell it near spot right now? Dealers see the same things you can see, maybe even more so. If they are going to let go of silver, they are going to get the most they can get for it, just like people do for anything. I'd never sell something for $20 if I could get $40 for it (in most cases). I'm trying to get the most I can get and if the market supports it and somebody gives it to me, then I'm going as high as I can. That's the premium. Silver sellers selling it for as high as people will buy it for.

>>21056322
Buy silver miners, they are sill lagging a lot behind the metal.

>>21056311
1 waifu

>>21056344
>what's in space stays in space
>things can go wrong
>calls me a dumbass
Thanks for your arguments. I will concider them.

>>21056402
Miners follow when new higher support is firmly established. Usually after a pullback and new resistance breakout. Today should be big for miners.

>>21056475
>>21056475
>>21056475

This is short covering and squeeze. This is not normal buying.

>>21051225
5:06 here and it's 28.36

>>21056511
>This is short covering and squeeze. This is not normal buying.
will be interesting to see how far this goes before close then. i'm thinking +7 or 8% at least

>>21056311
But seriously? Oreo. Depends on how many rounds of stimulus, who wins the election, does anybody actually win the election, are we in a Constitutional crisis, is everyone on UBI, are we at war with China....I would say anywhere from $30-$infinity. Too many unknowns to say for sure. As bad as 2008-2011 was, we've not really been here. Maybe WWII is similar in a sense since the Fed is studying the yield curve control from that period. The dollar has never faced anything quite like what we have now and on the horizon. Buy physical silver and gold now and put some money in miners. Buy some crypto too for good measure and gains. If nothing happens and prices drop, consider any "loss" as an insurance premium against disaster. I never say "well I didn't get in any car accidents this year so my car insurance premium was a total waste".

>>21056595
Holy shoot, in one day?? Gonna need more oats n coffee. Fuck I love waking up to this.

>>21052832
Basado