/biz/ - Business & Finance

>>21243782
previous thread: >>21237630

FIAT's WILL ALL FAIL

>>21243782
Tattoo parlors need to burn edition

>>21243910
lol stacklet

>>21243910
nice Asahi bars.

>>21243910
That's a nice lookin stack fren. Poured bars are definitely my favorite.

>>21243910
fuuuuuuuck I'm jeally

>>21243910
i have a bunch of the 1 oz bars
the 1 oz rounds
the ten oz bars

my one regret it not owning an asahi kilo

>>21244077
I picked up the Asahi when they were $500 a bar. This is only half my stack.

>everyone else: what mining stocks are you in?

>>21244127
None, if you can't hold it, you don't own it.

>>21243782
Which Miners have yet to make serious gains again? I recall McEwen, Great Panther, and Helca being mentioned in the past. Is there a updated juniors list?

>>21243957
You can put $100 into $11 January puts, you get $25,000 when SLV goes to zero

Seems like a small investment for something higher than 10% chance of happening

>>21244127
I have no idea what the fuck I’m doing, but I’m in AG, MUX, GPL, and SILJ. And I bought some calls on MUX and GPL...again, no idea what I’m doing.

>>21244077
I've watched this thing climb like $200 waiting for a dip, that is my regret

https://monumentmetals.com/asahi-1-kilo-silver-bar.html

If you had a million dollars you would like to move into gold, would you buy a T H I C C and solid 400oz Good Delivery bar or 400 gold maple leafs?

>>21244151
You don't think the upside potential is worth the risk?

>>21243863
in all honesty I dont think so. The amount of autism crying wolf. Stocks are at 50% where they were from March

>>21244190

>>21244190
Maples. I’d never buy gold in a big bar. I’d be worried about exchanging it. Divisibility is key.

>>21244190
400 leafs, and a chest

>>21243910
I would do terrible things to those kilo bars.

Rate my stack frens!

>>21244325
not really a stack,
more of a layout, desu

>>21244260
1600 1/4 leafs

>>21244260
Now if we are bringing a chest into the equation, I think 90% gold will have to be on the table now. I think 2,000 Swiss Misses in a chest would be best since you wouldn’t be worried about them being scratched.

>>21244196
No because the new digital economy could be wiped clean in a second, numbers on a screen are just that. History repeats and PM have been used since Adam and Eve.

>>21244201
The printers can only go brrrrr for so long until a loaf of bread costs you a note with 1 trillion printed on it, Super-hyper inflation will be here soon.
>pic related

what should i store my silver bars in, i want some type of hard lackable case, i dont need a massive one. id rather get a bunch if cases and keep them seperated in case of a burglary

>>21244423
I much prefer zim dollars, as it artistically recreates Zimbabwe's greatest achievement

I’m going well my high school 10k white gold grad ring kek. Think I can get a few hundred bucks? I don’t have a scale to weigh it

alright pmg bros

where do i start with a $500 budget

>>21244590
Sell*

>>21244591
cheapest bullion you can find

>>21244584
The stacked rocks are a natural formation, not a manmade one.

>>21244584
French Revolutionary assignats are the patrician’s fiat money.

Sadly the French Revolution was a long time ago now, so nice ones are too expensive

>>21244555
I pick up these cases from harbor freight and load them up with silver. Cheap, airtight, portable, and come padded with a bunch of foam.

>>21244591
https://www.jmbullion.com/8-oz-antique-finish-brutus-silver-statue/

>>21244638
>>21244591
https://findbullionprices.com/closest-to-spot/

>>21244555
Gun safe. Keep your gold and silver under your lead and brass. Gold, silver, lead, brass, and steel pipes - essential metals.

>>21244591
Personally would snag a starter pack or 10 cheap oz in one way shape or form from a reputable dealer and then fuck off till I have more money or a stream of income. Id take the remainder and split it between miners/miner etfs, $100 left on the side in the brokerage account.

>>21244680
you can get a Libertad statue for $700

Is this legit?
https://www.wish.com/product/59435cf08579ee4f665e3714?hide_login_modal=true&from_ad=goog_shopping&_display_country_code=US&_force_currency_code=USD&pid=googleadwords_int&c=%7BcampaignId%7D&ad_cid=59435cf08579ee4f665e3714&ad_cc=US&ad_lang=EN&ad_curr=USD&ad_price=1.00&fallback_cids=596df6738a49e71e476e7f9c5957b4357964e078cc046165&campaign_id=7203534630&gclid=CjwKCAjw4MP5BRBtEiwASfwALyU3p64KtLpsZ6_FMtbGoHrpASoLSJOisprDJ1ujYekfuuoWggawXRoCmMYQAvD_BwE&share=web

>>21244260
>muh gold dablooms

>>21244680
Fukkin based. Absolute Chadman.

>>21244749
thats a big link

>be leaf
>Biden wins
>make hot chocolate
>sit on throne of silver bars
>turn on the TV
>mfw cities burning
>mfw $50 trillion Joepedo stimulus package
>mfw US and Canadian civil wars
We're in for a comfy winter lads

>>21244749

>>21244749
It's on Wish, of course its fake.

>>21244813
god i hope so

>>21244584
And now the moon crickets want white man to come back and feed them.

https://www.msn.com/en-us/news/world/zimbabwe-agrees-to-pay-dollar35-billion-compensation-to-white-farmers/ar-BB17jSj

I hope those who got their land taken tell em' to get fucked.

>pic related

>>21244680
neat, but don't pay $58/oz...

I actually really want to buy some antique sterling. There's a smith I'm interested in that has some pieces for sale online, but the seller claims they're from a mexican flea market or something... how hard is it to fake those stamps?

>>21244813
Sounds like a win win scenario


https://www.jmbullion.com/20-oz-antique-finish-silversmith-judges-series-samson-lion-silver-statue/

Gotta say... these silver statues are pretty boss. Wish they had been around when silver way cheaper.

>>21244847
I've been buying sterling for 8 years. I've only run
into 2 fake stamps. Do you have a pic of the maker's mark?

Hey, sharesfag here. I know most people here prefer physical metals, but I figured I'd ask here because you guys seem more knowledgeable about these things. I put around $1,500 into SLV puts expiring on 8/21. Am I fucked?

Will stimulus deals pump up SLV? Will it continue to grow as it's been doing if no deal is met within the next two weeks? Thanks, anons.

>>21244881
they look like dogshit, just buy bricks at that point

>>21244881
Sad thing, your least favorite great grandchild might pawn it off for a few hundred

>>21244928
What strike price on the puts? You were supposed to buy calls, you fool, with just a few puts to hedge

>>21244813
>he thinks the election matters
wew lad... we're not electing the members of the Federal Open Market Committee. This is a beauty pageant and popularity contest that changes little.

Cities were going to burn when the lockdown ended regardless of who was president. We vastly overstate their importance.

>>21244907
yeah, I'll post it later when I'm back home if you're interested

how'd you identify those 2 fakes?

>>21244664
Get a fucking Pellican or Haliburton. Have some style

>>21244953
I meant calls, my bad. The strike price is $27.50 though.

Anyone here ever bought bullion from First Majestic? Any other miners have an online store like they do?

>>21245000
The marks looked sketchy . Crooked. I acid tested them and they were plated

>>21245019
I'd switch them out for January expiry if you're up on them. You never want to cut it this close with options. While I do think they're likely to print, you want to minimize risk above all; if you lose your capital, you're out of the game.

>>21244591
Which country?

>>21245040
Bought a few days ago when price was $28/Oz and spot was like $26.50. They have a limit, but I guess that’s good since more people can buy. They update their prices infrequently, so if it shoots up, there was a time a day or two ago where they were selling for $0.50 above spot. Haven’t received it yet though.

>>21245008
nah I ain't paying $40 for the same thing but with a different logo.

>>21244934
Let's commission kotobukiya or alter. Swap it out with a merc.

>>21245008
wouldnt the rubber gasket eventually degrade on the pelicans due to age and heat for long term storage?

>>21245154
Yeah... this really looks like your chinesium garbage

>>21245175
would unironically be better than a lion

Buying 3k Aurcana on Margin tomorrow!!!!

>>21245078
It was a bad move but I think I'm gonna let it sit until the end of the week. If it's still stagnant I'll sell and rebuy longer calls. Thanks for the advice, fren.

>>21245222
Depends what the rubber formulation is.

As an example. You can redo all the vacuum lines in your car with Viton. It feels like rubber but it is almost completely unaffected by heat and chemicals. After 10 years of baking and use the Viton lines will feel nearly new and the rubber will be hard like a rock. Viton costs waaaay more though.

are the europoors going to pump silver again tonight like they did last night ? stay tuned anons..

>>21244151
I agree, so you buy the stonks and sell when you make a profit, use profits to buy bullion. you have to time it right though.

>>21245228
ok you win. This is worth it.

>>21245175
>kotobukiya
+1 for commissioning some sterling Asanagi

>>21245232
Lions are pretty cool though. Ordered three of these for fun.

>>21245118
US

Why don’t mints replicate Constitutional silver? It’s pretty dry out there and supply isn’t being renewed with new montage. Why don’t refiners make a 90% analog for dimes, quarters, and halves? Especially mints wanting to market to preppers. 1 Oz is too large as that is traditionally a week’s wages in value. Also, 999 silver isn’t as durable as a 90% allow and not as ideal for common circulation as 90%. There are all kinds of weird products out there, so I’m surprised no one has tried to make privately minted 90%.

>>21244201
you need to stop and question why stocks are performing so well but the economy is fucked. it's gonna be a long way down

>>21245383
>Why don’t mints replicate Constitutional silver?
They do

>>21245383
I read that wrong. Don't know.

>>21245383
they do... morgans mercs... washingtons ect are all made on new bullion.

>>21245425
Its going to be a long way up bud

>>21244409
>scratched
still going to sell for an ounce of gold fiat price

>>21245429
Is that the correct weight or is it just a 1oz round stamped to look like a dollar? Where can I get 90% mercs new mints?

>>21245510
Yeah no. I misunderstood the intention of your post. I don't know of new 90%. Never really thought about it

>>21245468
Where can I get them? I’ve never seen them anywhere. I see lots of 1 Oz rounds minted with the designs, but I’m looking for 90% silver alloy with identical weighting to a merc.

>>21245473
I'm sure it will be

>>21245306
How long do you plan on holding shares for? I think that whatever happens Nov 3rd is going to be the start of the EOTWAWKI.

I saw there was an anon interested in prospecting in the other thread, I have a lot of experience with metal detectors in Aus so hit me with any questions you have. Also tell me where you're from, as prospecting in the different states present different challenges due to different levels of soil mineralisation. WA is very different to Vic.

>>21245383

>buy crypto instead of PM's
>walk into grocery store and shop for an organic beef as poorfags outside protest
>approach checkout
>emaciated woman rings up my item and gives me my total
>"that will be $289,638 and 71 cents s-sir"
>never takes her eyes off my 6oz organic beef burger patty I plan to grill later
>seems like she might have been pretty before the collapse
>"sure thing babe"
>pull out my chainlink wallet
>"heres 1/100th link, keep the change sweet tits. Just need the stores address"
>she looks confused
>says they dont take whatever that is, they only accept Fed Coin, USD since there is still a few months left to turn them in for Fed Coin, or Gold and Silver
>try to argue with her
>security comes and takes my beef away and kicks me out of the store
>walk back in and demand to see the manager
>start yelling at the woman and the manager who calls security again
>"Excuse me, what is going on here?"
>everyone stops, I turn around to see what silenced them
>see a 6'2" gentlemen in a suit with a cart full of whiskey and steak packages driven by multiple young virgin women
>"y-your eminence! this man here tried to buy his burger patty with something called..link I think? he is causing a scene..im so sorry"
>the man in the suit chuckles as he looks at me
>"Here you go fren"
>tosses me a small weird looking dime, seems old
>everyone in the rooms is wide eyed, manager looks at me
>"shall I ring up your 6oz burger patty, our dear customer" he bows his head as the woman goes to the register
>"Not so fast" speaks the well dressed man in the suit
>I turn to him confused
>"He needs to earn that Mercury Dime" he says with a twisted grin
>the girls to his side giggle to each other

>>21245538
Yeah, all these 999 silver and gold bullion aren’t as durable for circulation like 90% silver and 90% gold is. It’s the durability factor as to why they used an alloy and not pure PM in coinage. 90% is ideal (or close to it) for actually functioning as money. People holding bullion with gloves aren’t handling something meant to be used as a medium of exchange and stand up to the wear and tear of common usage. Seems like someone would have been making them by this point since 90% is getting harder and harder to find.

>>21244159
BHLL

>>21245383
999% also is usually tax free 90% is not

>>21245580
If trump definitively wins I think the world won't fall into bigger shit than it is now. He will keep us chugging along and the left will keep reeeing like a bunch of retards but they wont have enough power to have their socialist revolution disastertopia

>>21245541
mercs still exist mate... just buy them

>>21245641
>People holding bullion with gloves
H-h-haha yeah... With gloves....
[magpiebrain intensifies]

>>21244167
Why is this foo buying itm calls?

>>21244664
Damn I thought I was harborfreightanon

>>21245641
I handled all this without gloves at some point over the last 7-10 years.

>>21245538
The Royal Mint used to produce sterling silver (92%) and then Britannia silver (96%?) bullion coins, but switched to fine around the 1980s I think.

>>21245738
so neat and pretty.. I gave up on that once I started running out of room and just tossed it all in there

>>21245657
Thanks

>>21243910
WTF your a silver stacker and gold is crushing all time highs and going higher and silver is only at 60% of all time highs. The ride has only beguuuuuuuuuuuuuuuuuuuuuuuunnnnnnnngggggggggggggnnnnnnnnnnnnnnaaaaaaaaaaoooooooouuuuuunnnnggggggggggggggggg!

>>21245738
Thank you for putting what I wanted to do into reality, this is pretty slick anon. how much was the case?
just using a honeywell right now.

Recently changed the faucets I see.

>>21245738
>>21245979
Ammo cans

>>21245637
Sup guys, just came from an epic link thread, how did he earn that dime?

>>21244325
Upside Down/10

>>21245738
I love those divisibles. Reminds me of Acid.

>>21246222
I put the whole plastic case inside an ammo can, then I can put other valuables in there beside it.

Are plastic bags fine to keep silver in? Some article told me not to, did I get memed? Supposedly the plastic over time tarnishes them or something

>>21246547
if I recall it's alright as long as there's no PVC

>>21245714
hold it by the edges and wipe down the coins with a tissue after you're done fingerfucking them

>>21246582
thanks fren

Anyone else cashed out? I made around 1200 from selling what I bought in March.

>I won't sell it all, but for now it's good.

>>21246804
>selling PM for fiat's

Stop

>>21246804
>selling

>>21246842
Why? It's at its highest, and anyway I needed new brakes...

>>21246887
So you're telling me you guys are going to miss profiting on this? What's going to happen when it goes back down and you'll have lost the opportunity?

>>21246804
The easy road has little risk, but also little reward. Go buy a new clock or something I guess

>>21246908
oh if you're cashing out to buy something than fair enough

>>21246908
we wait some years, and then it goes up again, if we miss that, it'll go up again. I'm holding onto my silver for at least 20+ years

>>21246908
Where have you been bro? Is this your first time on /pmg/? We're going straight to $50 bare minimum

>>21246908
look at SP in this thread thats why.

>>21245641
Nobody is making bullion for circulation. It's pointless, especially with so much junk already available to undercut your prices

>>21246919
Did you read what I wrote? I said I'm not selling everything I bought in March, just a portion. And I got the brakework done (instead of buying a new clock)....

You guys are weird.

>>21246938
You think I'd trade it in for fiat? That's ludicrous.

>>21246940
But you know it'll go back down again right? You might miss the top.

>>21246951
No we're not. It's going to stabilize here because the QE that the fed is pushing will be removed after December. Stocks right now are doing fine as well and have recovered for the most part what was lost in March, so what is going to happen is that investors will move their money back out of PMs into the stock market (if they haven't already). The price will start to drop, and things will get back to normal. You'll have missed the top of the hill.

I'll probably sell more next week, but honestly this is as high as it's going to get, and I'd rather make the money than miss the opportunity.

>>21246632
I do that with my nicer ones, eagles were bought as cull. The SMI were really milky looking so I just kept them out. Love flipping them.

>>21247044
>the QE that the fed is pushing will be removed after December

Pure cope...

QE has not finished by a long shot and PM's have not accounted for what has already been done.

>>21247044
>It's going to stabilize here because the QE that the fed is pushing will be removed after December.
Where's the revenue going to come from? How will yeilds stay so low? How will this over target inflation magically materialize?

>>21247044
>but honestly this is as high as it's going to get
lmao

>>21246804
Some chad is going to walk away with your silver, I now regret not selling a gold coin today and buying more silver thanks

>>21247044
I honestly find your conservatism refreshing, considering this general is filled with permabulls. That being said, there's absolutely no way they're done with QE, and we haven't even begun to see the serious economic ramifications of all of this yet.

Generally its smart to start taking profits gradually at some point, but I don't think we're nearly at the top yet.

Anyone have some more kino artwork like pic related? Thinking of getting some stuff like this to extend my current art collection.

>>21247195
I'll definitely admit that profit taking here is obvious for a trader. Investors... still a buy zone. Easily a buy zone. In fact, given the shortages, it might be a super buy zone if you're under stacked. Definitely riskier, but I think there's unironic good reason to fomo if you're a stacklet (responsibily/conservatively).

Would it be wise to trade a 100oz Engalhard to my LCS for ASE or junk silver?

>>21247134
Not cope, it follows the last time QE was put in place, only 3 months late (to account for the initial panic and 2 restarts of the economy).

What was surprising to me was that I could sell off my silver for spot; normally I have to take a hit with a premium, but for whatever reason my guy was going with spot price. Fucking awesome. Still took a small hit on the gold, but it didn't matter, not with the profit I made from the March dip.

>>21247165
The revenue will come from the confidence in the markets predicted after Trump wins re-election combined with the vaccine coming out of Russia AND the fact that schools will finally be stabilized after opening-shutting (Sept. 14 - 29) - opening (Oct. 23) again. Once kids are back in school, parents can work out of the home, and that will boost the economy from all the shit that comes with it (gas, take out food, etc.). The yields will increase; the QE is just to get us over the hump of people hoarding money instead of spending it. The over target inflation will only happen if people start going back to work, which as I said will actually manifest in December (even though they'll be back in November). It's simple.

>>21247173
It's okay Anon...I'll laugh too when it goes back down.

>>21247185
Nah, they can buy it from my dealer for its high price now. Thank goodness people are panicking so much.

>>21247195
The conservatism isn't what is driving my choices; it's what will happen after the election. The instability is caused directly by people not physically going to work, and that can only happen if children go back to school, which can only happen if there is confidence in corona and the effects. We'll only know any of that by November, and that's the timeline for the Russian vaccine and the election. It all coincides. The last thing I want to happen is to lose the opportunity I had in March (which was a guess) to buy loads of silver and a bit of gold to take advantage; now it's time for the payoff.

>>21247350
No

>>21246213
LOL, good eye. It was 60 bucks tops. Don't get this one. It's a little too deep imo. Also it already weighs about 60 lbs and it isn't full. Get multiples of smaller size.

>>21247350
Yes, but go for the ASE. The bulk 100oz is really not useful, not only for the issue of easy trade (and confidence that it's not chocolate) but ultimately if you want to stack that kind of value then use gold.

I keep my values pretty strict; anything under an ounce of gold spot will be in coinage that is easily recognized and valued (krugerrands, maples, and eagles), and anything higher is in gold. The in-between is useless, both in a shtf scenario and in general trading (especially if you have to transport it to your local).

>>21244325
Get a better gun. Also, You have to have a monster box or some large silver bricks in order for it to be a collection

No one commented on that jump?

>>21247366
>What was surprising to me was that I could sell off my silver for spot; normally I have to take a hit with a premium, but for whatever reason my guy was going with spot price.
>He doesn't know

>>21244591
Junk silver is a must for the quantity and trust of it

>>21244813
Then us frens can get that sweet sweet silver while the commies help accelerate our wealth.

>>21247366
>confidence
Confidence? In what? The ability to obtain debt up to and beyond the point of insolvency?
>vaccine
You need to respect the history of the run up - the corp buybacks and QE experiment from 2008 - 2019.
>parents can work out of the home
From my personal spheres, wfh and parents that are still employed have already gotten solutions together. The poor planning and execution of social distancing will end up infecting more people over time.
>The yields will increase
They can't, too much debt. Insolvency crisis. Tax headwinds from states (who must run balanced budgets) will amplify this situation 10 fold.
>the hump of people hoarding money instead of spending it
Top fucking kek. It generally went straight to landlords and debt. Yes savings balances increased, but I think it's a greater function of the lock down making it harder to spend. This increase will also be inflationary on kosher inflation, exacerbating the PM scenario of real NIRP.

>>21247533
>>21247533
Yea something about what is is saying seems off..

A trillion dollars.

>US Politicians are currently throwing the phrase, “we’ll come down a trillion and they’ll come up a trillion and we’ll find common ground.” like it’s just normal.

The US Dollar and all Centrally Banked dollars are so thoroughly and completely fucked.

>When I was in middle school I found it amazing that US politicians would budget in the billions.

Amazing what can change in 20 years.

>100,000% government spending inflation over twenty years lul!

>>21247366
>vaccine
>QE will be over
I ain't even mad. I feel sad for deluded people like yourself who think a Coronavirus vaccine can create antibodies for anything but a few weeks, and that QE didn't already start before the virus ever appeared due to monetary policy and the inability to raise interest rates ever again without tanking the market.

Truely it will be those like yourself whose sacrifice buys the Normies precious time to GTFO of this terrible machine.

>>21247204
That cartoon is actual playing out in the real world. This is like an original meme from way back when.

>>21247204
dam for being back in the day that reminds me chad vs virgin meme

>>21247681
The chad stacker vs the virgin paper fag

>>21247366
What are you legitimately smoking? If you think dollar will still be king, then look at the fact that NATO will start to fall apart with turkey siding with the BRICKS system under China and Russia, The EU(specifically germany) moving away from the USA economically(through the OECD) & militarily(USA military removing troops and the main base in Europe which is in Germany), Russia holding a lot of silver with China holding silver & gold, Trump removing the military outreach across the world which lessens the effect of the petrodoller, China having the Belt and road, and China already geared up to take over the digital/ai/5g market from the stolen patents & hacking.

Buffalo and Kruggerlands came in today! American Silver Eagle should be here any day now, and next paycheck dropping more and more. Could use a nice dip on Friday going into the weekend...but I'm just going to stack anyway.

>>21247586
You forgot Anon; the US will never be insolvent if we're within a global market that relies on our fiat to function. In your personal spheres, you've seen one thing, I've obviously seen another. Many parents cannot work efficiently from home when they have small children who should be at school, and homeschooling them isn't an option nor is digital classrooms (because the parents still need to be there to supervise). In fact, digital classrooms provide a problem of their own due to the immense bandwidth everyone in the house will be using (kids for school, parents for work). No, this will only work if the kids are in school and the parents in offices, and that's what the government is pushing for at all cost. The insolvency 'crisis' as you call it will be remedied with time. That's why you see policies like loans being paid back without interest; it's not that the loan is forgiven...it's just delayed in total for a time because the lenders know the one with the loan can't pay it all back at once If they could, then the interest would stay. Even if the problem were amplified by 10fold as you describe, what would then happen? The crisis would take 2 years longer to re-adjust. That's nothing given that the EU will collapse by 2028 (so if you were in EU I'd say get out now or make a plan...just don't come here, we're fucking full).

>generally went straight to landlords and debt.
Yes and no. Debt for sure, landlords less than you'd think. The vast majority of people who got stimulus checks started opening saving's accounts, something that the population never did (given that a full 66% were living pay-check to pay-check). Furthermore, many are hoping that landlords can be pressured into not accepting rent for the time that Covid was on. If some do it, then others are expected to. In the next month, there's an expectation that mass evictions will occur. They won't.

>>21247350
If you can, sure but for ASE over junk. But it depends... maybe you could get your stack turned into some nice coins by a friendly mint. I'm playing with the idea of a design for anons to use in this case. On one side a palm tree - this is the symbol of victory. And on the reverse side a portrait of Cleopatra - a symbol of the crossroad of where we are in time and the free will we will have going forward to make the New Age. And around the border of the coin on both sides parts of the Lord's Prayer in Aramaic.

Tungsten.

Wake up, check price midnight raid on gold figures back to bed

My first delivery of silver finally arrived today. I wish I got started buying physical way earlier, but hopefully better a little late than never. Rate my stack /pmg/. Pls be nice im a poorfag I already had the silver dollar from way back, the mercury dimes, washingtons, and asahis came in today

>>21247591
Is this from the 80s? They almost looked normal back then

>>21247586
cont. If mass evictions happened, there would be rioting the likes of which we've never seen in our lifetimes. They can't do it, so the landlords have to fold over this one, but the govt will help them out.

>>21247590
Why? My guy never bought back silver at spot, it was always slightly under. This is the first time he's done it with me, and I've been buying from him for over a decade now.

>>21247619
I'm not a doctor, and it has nothing to do with what I believe the vaccine can or can't do. A vaccine, whether or not it works, gives people confidence and fools them into contributing back into the economy, which is the entire purpose of this shitshow.

>>21247865
I don't smoke or drink; it kills you; why would I want to do that? Your conclusions are incorrect. The EU claims it's moving away from the US only because the US moved away from the EU first. They don't need them anymore, so they're leaving. The EU has no choice but to claim 'strength' because they don't want to admit that their economic conglomeration has only 6 years left to it. Russia and China have PMs because they can; China will need them anyway because the yuan is worthless on the open market, and Russia needs them because their demographics will destroy their economy unless they have shittonnes of babies right now. China's only advantage is that they're building infrastructure and mining in Afrika which everyone else has ignored.

>>21247953
Nice, but don't forget to sell some old stock to make some profit.

>>21248040
I could lineally write a small book about everywhere you've gone wrong with your posts in this thread. But it's will not do you any good. You should probably get back to your BLM and Wu Flu.

>>21248253
On selling, or on everything else? If you want to know if I'm right, then it's simple. Did any of you sell off in January like I did and re-buy in March after the dip?

>>21247865
>China already geared up to take over the digital/ai/5g market from the stolen patents & hacking.
Good luck on QC without either enslaving HK and Taiwan.
Nonetheless, it should also be mentioned that QE1 never really ended. It looks like those 2x outbreak charts. Check out the balance sheet.
>Grows and grows through 2012(?)
>and then it just starts to taper off and then rates just barely start to go up...
>And then a bunch of faggots start screaming and the world's gonna end
>And then there's REPO intervention
>And then a "natural disaster" type event
>And then oops that sheet is 7T. Yeah...

>>21248040
>the US will never be insolvent if we're within a global market that relies on our fiat to function
>dollar milkshake
I mean, sure the US won't be insolvent. That milkshake is just going to cost 10 dollars.
>homeschooling them isn't an option nor is digital classrooms (because the parents still need to be there to supervise)
I feel like you're citing the TV, but if parents were given a curriculum and told "figure it out" they'd find a way to ck up those younger teachers that didn't get tenure or would be college students and get small classroom clusters.
>digital classrooms provide a problem of their own due to the immense bandwidth
Do you live in Egypt or are these people dealing with the worst tier of pajeet web based systems that hardly work (still really toward the former, what the hell fucking data? GIS?). This is picking at straws. Employers of wfh would happily foot part of that bill if it was a serious problem.
>will be remedied with time
Always said, never executed. The solution is inflation because obligations aren't going away and revenue really isn't going to grow like they foolishly projected.
>10 fold what would then happen?
Not enough revenue for businesses nor governments, no way to fund state spending and obligations.
>The vast majority started opening saving's accounts
Link me the data. I trust all of it less than the BLS reports.

>>21248194
As stated earlier, Get credit cards, withdraw max amount on each in Fiat garbage. Buy PM with jew bank money

>>21248213
>mass evictions happened, there would be rioting
These unironically won't happen without China pillaging our RE market. There's no buyers, and new business is hard to get. This is unrelated imo. It stands that the stim check should be seen as a bank and landlord bailout.

>>21248327
The way things are going, you may be able to literally pay off the CC with 1/100th of whatever you originally bought on it

>>21247204

>>21248323
from May:
https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html

By far the highest since they started tracking in the 60's. It's not hard to find this kind of evidence.

Re Bandwidth: we saw this when the lockdown occured at the beginning, and the internet was slower. It could happen again with children in classrooms because any software they use will have to carry a lot unless the resolution is shit (but it can't be because the kids will need to see what is going on).

>>21248327
Someone posted about doing this a few threads ago; they made profit like I did.

>>21248363
Well, landlords need more help from the govt to avoid it. Bottom line is that most landlords are not making much profit, so if you have mass evictions of tenants, you eventually have foreclosures on mortgages and then the whole system goes down. The govt can't let this happen.

>>21244584
Heh my LCS had their trillion dollars bill on the inside of their massive safe when I got my oz of Au today

>>21248399
Yes, interest and usury is how got their power in the first place. Even now before the collapse you can negotiate "debt" with lenders lol
>>21248494
Use the "system" for your own gain. Good work anon

>>21248610
The system is simple, but people are distracted by buying the next phone or jewellry, so they live in perpetual debt to others and themselves. First rule of personal economics is pay yourself before you pay anyone else. Maybe that's why I find it so odd that no one else is thinking of selling.

And no one bothered to answer my question...so I guess I'm the only one then.
>probably would have made more if I sold in February instead of January, but that's the rub, isn't it?

>>21248327
Thanks friend. Will do

>>21247865
>China already geared up to take over the digital/ai/5g market from the stolen patents & hacking.
Not happening
https://www.forbes.com/sites/zakdoffman/2020/08/10/huawei-trump-blacklist-smartphone-end-release-update-mate-40-p40-china-tiktok-wechat/#21e6bf43721a

>>21248698
They all will see soon enough, when dumb faggots who say "i am house rich, and only a few more years to retirement" see the Dollar collapse and their cardboard bullshit of a house thats 10,000% inflated become worthless over night.


>>21248750
As long as your not jew.
Your welcome, get em'

>>21248953
I am a poor college fag that spent my entire savings onto silver this week. I only have fair credit so taking a hit now makes sense for future profit.

>>21249033
Fuck it fren, less then 90 days to Nov 3rd. Its gunna get fucked after that. Buy now before they put restrictions on PM sales

>>21249144
I know, it is not the best card but I get up to 5% cash back so I can farm the merchant of more money.

>>21249144
you saying the democraps would restrict PM sales?

>>21249265
a change to credit card regulations would go relatively under the radar as far as media attention goes

>>21249265
Oh most defiantly. The commies want to have people on the social security tit.

I love Andrew Maguire. Makes me think I'm listening to an alternate-reality version of Ian McKellen who loves sound money instead of leftist socialism.

https://www.youtube.com/watch?v=DK9UWD7a_R0

https://www.youtube.com/watch?v=912UykAeVX0

>>21249033
>I am a poor college fag that spent my entire savings onto silver this week. I only have fair credit so taking a hit now makes sense for future profit.
Based decision, I did the same thing.
But you should buy miners for MASSIVE gains.
Get in Aurcana while the gettings good.

>>21249265
Its happened before.

>Executive Order 6102

>>21249345
Stock link fren? Also, which service provider should I use to buy the stock? I know my job will be in automation engineering so any short turn loss will cost me maybe 2-4 years more of paying interest which is fine with me

>>21248494
>"There's not much opportunity for many people to go out and spend money," said Megan Greene, a senior fellow at Harvard Kennedy School.
Wow, in your own article. Let's play a game
>savings rate up 33%
>spending down 13.7%
>consumer spending, interest payments, fees, etc. are 15.1T 2019
>14.5T is outright spent (89% of the total after the taxman)
>savings is 1.2T (7%)
>if 13% less is spent on shit, that's 11% of the original pie
>automatically increases savings to 18%
>going from 7% (2019) to 18% would be over 100%
The 33% increase number is deceiving.

>>21248327
>>21248399
>>21248610
>>21248750
>>21248953
This is the dumbest fucking take possible (to the point of it being genuinely dangerous), and you geuniely have to retarded, (or a banker that stands to profit), to think this is a good idea.
>good evening mr jewberg, I'd like to max out my credit
>sure thing goy, just remember to pay us back in full at the end of the month!
>>one month later
>gee goy, looks like you haven't seen the spike you wanted that would cover your premium buy-in, and you've not got any liquid to be able to pay it off now (see the economy is collapsing so we aren't playing Mr Nice Jew any more, pay what you owe goy)...shame...looks like you're filing for bankruptcy!
>oh what's this goy? a stack of silver/gold that you were building up for years? well a friend of mine, Mr Jewitz just so happens to want to buy that! let's give it all to him for 20% the price of spot
>>now you have no PMs, because you got greedy, and get to wallow in shit just like every other one of your GOY kind. what a shame, GOY
tl;dr max out your credit and invest when the economy is actually collapsing and going through the early phases of hyperinflations, not beforehand; retards

Quick reminder that there are shills/braindead retards that very much do use /pmg/. Should be pretty recent memory for some.

>>21249388
>Stock link fren?
TSX: AUR
Their new mine is starting up and it's going to be huge, they mostly do silver, which is going to have the greatest upside compared to gold.

> Also, which service provider should I use to buy the stock?
Depends on your country.

>>21249453
Catch a falling knife. Because you know, CC's will work when the economy is in free fall. I can tell you're a fucking piece of shit. Have some rope FED shill.

>>21249453
>t. Mr.Jewberg

Fuck off kike, how you gunna collect when Americans are strapped to the teeth and they realize that you are the reason the financial system has collapsed.

>>21248327
I do this, but dont max it

I get 2% back on online shopping so i buy PM and im not really buying anything im just transferring my savings to a different form of savings

>>21248483
Its weird to me that historically the US had that whole episode of gold only vs. bimetal standard. I mean every other nation in history had at used silver for money at some point alongside gold, if not silver exclusively (like China). The fact that the US. constitution enshrined a bimetal standard, but it was abandoned for being too inflationary suggests how conservative policy makers used to be.

>>21249511
I am in the states, and did they have any mining report the last month/year.

>>21249453
Yeah, but what are they going to get from a student when they expect that they should not be able to make up the money?

>>21249593

William Jennings and his "Cross of Gold" speech are an interesting part of history that people should look into.

https://en.wikipedia.org/wiki/Cross_of_Gold_speech

>>21249402
Your numbers don't make sense. The article is saying that the month of April 2020 had 33%, and it was up from 12.7% in March i.e. a difference between two consecutive months. It has nothing to do with your tallies of 15.1 trillion in the whole of 2019...
>why are you comparing two consecutive months with one full calendar year and...a month? You sir are deceiving.

Daily reminder that Gold is not an investment- its a savings. Can it be overvalued or undervalued due to market hype sometimes? Yes.But given any day out of the entire year, over the past 2 millenia, one oz of gold has retained its purchasing power more or less.

Thus, you buy gold/silver when you want to "lock in" your value, your economic energy, etc. Once oz of silver will always buy you 1 oz silver's worth. Its not the SIlver thats changing, its the world/currency/products. But silver and gold remain constant- in gold and silver terms.

Again, this doesnt mean theres no alpha. There is volatility and market manipulation like any other commodity/asset out there. But over the long term, its power holds

>>21249637

>William Jennings

William Jennings Bryan*

>>21249661
No. Over the long term the power of gold increases on average 1.1%. On the short term you can gain or lose depending on the volatility of the market.

In short term, it's worse than a Rolex watch. In the longer term, it's worse than stocks. The only thing it's better than is fiat currency.

>>21248494
>landlords need more help from the govt to avoid it.
This is why you exchanged your money for fiat. And this implicit green light for moral(e) hazard is what will ultimately send PM screaming into the heavens. It might not be now (like 2012) but it's likely going to happen so long as this kind of spending and printing is allowed. Again, I'll commend your timing. I think it's a good time for a trader, especially one that got in around March, but we need deflation, bankruptcy, and chapter 11. We need defaults. Unless we whip nesara out of our ass or we needed to trust the plan, the rise of PM is looking all but inevitable.

>>21249621
>and did they have any mining report the last month/year.
They have updates all the time. I just watched this as well.
https://www.youtube.com/watch?v=0VzJTjPSKXU&feature=emb_title

>>21249661

I think that, at this time in history, we have to be bolder than simply to say that gold is merely savings. You are correct that, over the long term, it simply holds its purchasing-power. But, in times like this, it not merely holds it, but vastly increases it. We are just coming out of an eight-year-long bear market, we are about to do away with fifty years of manipulation, and the collapse of fiat currencies worldwide is going to cause the greatest wealth transfer in human history. So it very much is an investment, in the sense that anybody buying it can expect a tenfold return. And not simply in terms of inflated dollars. The Dow:Gold ratio and House:Gold ratios are both going to fall substantially, as is the Gold:Silver ratio.

>>21249576
How the 2 %?

>>21249754
Found the youtube, and will look more into it. Thanks fren.

>>21249621
Brokerages that you can use in the US are Charles Schwab, Fidelity, E*TRADE, and TD Ameritrade. They are all well-known and have a web site that's pretty easy to use.

A lot of younger people seem to use Robinhood but its chief benefit, free trades, has been copied by the brokerages above. Robinhood makes its money selling its flow data to high frequency trading shops. I don't think it'll affect most people here but it's something to keep in mind. Some big shop is always going to front-run you and for all I know they may know if you have trailing stops and their trigger points.

>>21249729
This is wrong... are you retarded? I think you are retarded. You must be there is no other way. Have some rope.

>>21249637
>>21249593
Read what austrian economists have to say about monetary/banking history of the 1800s. They have written many books on it.
https://www.youtube.com/watch?v=h-PxMzSyujw
https://www.youtube.com/watch?v=bOHEMD-WJFw
https://www.youtube.com/watch?v=Lh6sDQ7PFXY

>>21249453
The problem is the timing. It's even harder than timing buying stocks in my opinion because credit cards will freeze the instant the firms detect that shit is going down majorly. Like in 2008, we were technically going to have the markets freeze after Lehman, even though the markets continued functioning afterwards although with out of control funds rates. If you tried to do this credit card debt taking during this time, it would've fucked you hard with how history went, but that would've been as prime timing as ever. If it wasn't for the Fed and TARP, I think the timing would have great. The only way you get better timing is if you are an insider or managed to be a fly on the wall in these high profile meetings.

Any of you guys ever tune in to real economists, and not just fringe ideologues like Schiff?

JPM's David Kelly put out a fantastic report this week, basically outlining the benign path forward for the US economy. Very interesting. Sounds like we would need a hell of a run of good luck, AND to elect some very competent politicians (lol). He didn't sound terribly hopeful, but there may be a path. Maybe.

>>21246333
nice!

>>21249453
>kills jew jokes forever
why do people who aren't funny insist on ruining things for the rest of us? If you're going to be stupid you might as well be funny.

>>21249518
>>21249575
>Catch a falling knife
Ironic, given that that is exactly what is being advocated for in economic terms.
You could catch the knife, at which point it'd look cool, but if you were smart to begin with, you'd already be in the green from your previous accumulation.
But more than likely, you're going to get the timing severely off, and lose all your fucking fingers as Goldberg squeezes everything you've got out of you.

Calculated risk is putting your life savings into PMs around Feb-March once the pademic became obvious.
Suicidal risk is putting yourself extreme debt and possibly losing all your previous gains on a whim that you might be able to make marginally more. PMs are not liquid that can be thrown around on a month-by-month scale, and if they are, you're a retard for not buying physical.

>>21249621
They'll expect bankruptcy, at which point they'll swoop in like vultures and ruin your financial futures for 1-2 decades minimum - it's not a 'whoopsie daisie guess I cant pay, IOU I guess' process, it's complete economic rape on a level magnitudinally more than divorce. An ideal life is living without ever (ever) going into debt, a realistic one is going into as little debt as possible when needed to bridge expenses and income and getting rid of it ASAP - a deathwish is deliberately going into debt so you'll be able to pay off your own debt+interest with the debt you've put yourself in.
If you think you can 'beat them at their own game', by playing their game to the fucking sheet note tune they want you to, then you deserve to lose everything.
The house ALWAYS wins.

>>21249899
>joking
>>being this new

>>21245365
mafuyu or fuck you

>>21249729

You don't understand the fundamentals. Gold went 25x in the 70s and 80s. That's because real yields were negative, just as they are now. Understand the fundamentals instead of looking at things with a short-termist or technical analyst point of view. Gold doesn't simply go up or down for no reason. It acts in response to very specific conditions.

Stocks are now a joke. Adjusted for inflation, if you bought the top in 1929, you had to wait 63 years to be in the green again. P. E. ratios were never higher; are you going to risk being in the red again for another 63 years? Whether the crash happens in nominal terms (as in 1929) or in real terms (as in Zimbabwe and Venezuela).

If all this is true why is gold under so much pressure since Friday?

>>21249806
Thanks fren. I will use a part of the saving I can scrounge out left from the next stimulus to buy the stock

>>21249901
Yeah...I am looking at the gold/silver ratio and where gold is now. It is not wise to buy now since I will buying at the peak since palladium will next peak

>>21249901
Blah, blah, blah. Paper money will fail before the end of 2020. Go give your worthless paper to your BLDM and Antifaggot comrades jew boy

>>21249920
Well it's either stupid or a joke, I was trying to give you the benefit of the doubt.
Do your friends find you amusing or intelligent?

>>21249925
>mafuyu
well now, here's an artist I'm unaware of

>>21249937

Craig Hemke predicted this on the TF Metals report. It's nothing to be concerned about. "Big rally in July, consolidation in August, and then gold to soar in September after the FOMC." He also says that the bankers are trying to manipulate it below 2000 while volume is low. Any dips in gold are short-term. YCC, an announcement to allow inflation to run, and a COMEX default, all may happen as early as next month.

>>21249733
You know what stops PMs from working? The guys who own banks. They don't want PMs, either as a standard or as something the general public want to use. Not only is it far less flexible than fiat in terms of keeping an economy running and allowing for growth, but in times of economic uncertainty people pile their wealth into PMs and leave it there, doing nothing. People on this board forget that there were economic problems with PMs when they were backing currencies, and those problems will come again if we devolved back to using PMs. They're outdated, inflexible, and no bank owner in the world would prefer to return to it. Countries could not do business with each other either, and quite frankly the world would go back to the wars we used to see.

Gold is definitely at its height, and silver probably along with it for now. You'll never see a return to a gold/silver ratio of less than 80:1 because the demand isn't there and silver is too plentiful.

>>21249843
No, I'm informed.
https://www.nber.org/papers/w18759

Rolex's appreciate more than 1.1%, stocks in a beginner's Mutual Fund more than 1.1%....so the only thing that is worse than gold is fiat, as I stated.
>how are you not poor?

>>21249936
Ditto: how are you not poor?

Gold also went that way because the US converted to the petrodollar and when USSR collapsed there was a lot of instability (combined with the Gulf War in 1991). I know, because I was alive.

Finally, we'll never see a crash like we did in 1929 because we're not using a gold-backed currency. That's why things like QE exist; they help to prevent these kinds of crashes. Regarding the hyperinflation of Zimbabwe and Venezuela, again, this will never happen to the US because of the aforementioned political posture the US holds.

It's like I'm talking to cultists; why is it so difficult to consider NOT applying third-world shitonomics to the number 1country in the world backed by the no. 1 military with the most coveted fiat?

>>21249901
What is it about people thinking people are going to pay back a relatively small amount of CC debt when they literally have nothing to their name other then the gold and silver they bought? Are you fucking retarded? You know what was smarter? Buying silver for in the early 2000's which is what I did... in high school while working a part time job. Great story, no? Well not everyone's situation is the same and these sort of points are fucking gay to even discuss. Your 100% hindsight chart reading is gay. Have some rope.

>>21250065
So buy the dip?

>>21249648
I misread, but you are quibbling with an anon when your fucking article has a Harvard chap supporting my claim
>also ignore the bias toward people who earn less dropping out

Thursday this shit is shooting to the moon again.

DIPS

BEGONE

>>21250093
gold outperformed stocks on like 20-30 yr timeline.. thats a significant fucking fact

>>21250131
Looking at silver/gold ratio. Nah fren. Silver follows gold, and gold is going down.

>>21250065
The Comex default was 'supposed' to happen last week according to autists here.

Also, futher to >>21249936
>..from 1836 to 2011, gold earned an average annual inflation-adjusted return of 1.1 percent. By contrast, they estimated long-term returns to be 1.0 percent for Treasury bills, 2.9 percent for long-term bonds and 7.4 percent for stocks.

>>21250111
I missed it and I have no idea given how long this thread it. What is your claim that is supported by the Harvard chap?
>also...do I daresay Good Morning, Bong?

>>21250152
It depends on 'which' 20-30 year timeline. If you're in the right one, you win, if you're in the wrong one, you lose. But over the longer term, it's a small gain. All those idiots telling you to buy no matter what and the savings will average out forget that if you did the same to a beginner's portfolio you'd accrue more over the time of investment.

It's honestly stupid.

>>21250093
>You know what stops PMs from working
Nothing stops them from working. They're non-productive. You have shit arguments through and through and have no intention of giving anyone the benefit of the doubt. You have given no inclination that you are open to different views and you are shitting up the thread.
>far less flexible
If by flexible, you mean something in topology, you're right. Financial tools and derivatives stretch the definitions of sustainable and acceptable far beyond where they're supposed to go and will collapse (maybe I should say have collapsed) the whole fucking house and have received a bailout again.

>>21250093
YOU FUCKING FAGGOT I'M SHOVE THIS PDF DOWN YOUR THROAT.
http://piketty.pse.ens.fr/files/capital21c/xls/RawDataFiles/GoldPrices17922012.pdf

NOW YOU TELL ME YOU FUCKING FAGGOT WITH YOUR HARVARD GAY AS FUCKING INDIAN STYLE REPORT ON GOLD BEING GAY IS THAT FROM 1833 TO 1932 GOLD WAS STABLE IN PRICE YOU FUCKING NIGGER! IF YOU TAKE FROM 1932 WHEN THE PRICE STARTS TO MOVE FROM 20.69 TO 2011'S PRICE YOU GET A RATE OF 5.6%. SUCK MY FUCKING DICK YOU SHILL FUCKING RETARD. THEY INCLUDE A HUGE AMOUNT OF TIME WHEN THE PRICE OF GOLD WAS STABLE FOR A FUCKING HUNDRED YEARS. BLOW IT OUT YOUR FUCKING ASS YOU FUCKING NIGGER

>>21250093
wait should I be investing in rolex and audemars?

>>21250093
> 1country in the world backed by the no. 1 military with the most coveted fiat?

The PP of the USD got shot in the face in 1913 and got a nuke dropped on it in 1973. It has been over for longer then you've been alive.

>>21250249
THEY USE A PERIOD OF TIME - A HUGE PERIOD OF TIME LIKE A HUNDRED FUCKING YEARS - WHEN GOLD WAS STABLE AND INCLUDE THAT TO PROVE GOLD OVER A LONG TIME HAS A GAY RETURN.

>>21250214
>The Comex default was 'supposed' to happen last week according to autists here.
Lmao no, you fell for the memes. It's happening in September just like we've been saying all along.
>>21250249
Holy shit seethe harder

Is it dumping? Should I hold off on buying miners for a few days?

>>21250093
>Gold also went that way because the US converted to the petrodollar and when USSR collapsed there was a lot of instability (combined with the Gulf War in 1991). I know, because I was alive.
Ur a dumbass
How do I know that? Because I am alive
The US manipulated the price of oil and gold downward to hurt the USSR in the 1980s.

They really don’t want us to own gold, it’s like the financial systems kryptonite

>>21250093

>Gold also went that way because .. there was a lot of instability

This is untrue. Gold did not simply rise because of uncertainty. We had another bull market in gold from '00 to '11 and it took place under exactly the same conditions, falling yields and the prospect of a debt-trap and a currency crisis. Gold is inversely correlated with negative real yields, and that is the end of it.

>>QE helps to prevent these kinds of crashes

No, Q. E. simply re-inflates bubbles and makes the next crash worse, until you are out of ammunition once real yields finally go negative. The Dotcom bubble was inflated, then the Housing bubble, and now we are in the Everything Bubble. Only, in 2008, nominal yields were still 5%, and the Fed had a little ammunition left; now they are really negative; it can do nothing.

>>Finally, we'll never see a crash like we did in 1929 because we're not using a gold-backed currency.

As I say, whether the crash happens nominally or in real terms is immaterial. The crash will probably look like picture related, but that is still a crash. If your Tesla stock goes to 10,000, but you can only buy a loaf of bread when you sell it, then it is not worth very much to you.

>>Regarding the hyperinflation of Zimbabwe and Venezuela, again, this will never happen to the US because of the aforementioned political posture the US holds.

Political position of the U. S. is meaningless. Nobody is stupid enough to buy a ten-year treasury when the U. S. is caught in a debt-trap, can't let yields go positive ever again, and offers an actual decrease in purchasing-power along with the bond. This means that a vicious circle of Q. E. _must_ take place, eventually leading to a bond-market crash and hyperinflation. There is no getting out of this. It is absolutely inescapable. Rome was the greatest and most powerful Empire in the world; didn't matter once they debased their silver coinage to nothing. You can't field an army without money.

>>21250214
Is spending there's no where to spend. It's not that people are opening savings accounts and saving. They're just unable to throw it around as easily. Based on resorts from the logistics and delivery industry, that money is probably gone. Usually the tap drying up is deflationary, but the financial system can't handle that. They need cheap debt and it's going to crash. Not only will it crash, but these Keynesian psychos will destroy the dollar in an attempt to smooth it out.

Lol the slv shill had to call in his pajeet tier 2 tech support manager to fud. Fuck this guy. We are cultists. Take your kikespeak back to your cave you filthy fuck

>>21250214

>>The Comex default was 'supposed' to happen last week according to autists here.

People said that a COMEX default _might_ happen in _September,_ and that it is very likely to happen before the end of 2020. Now the mask is really slipping. We see the liar's face clearly.

>>21250214
>>also...do I daresay Good Morning, Bong?
Please excuse the shit flinging earlier. And no, burger that is dreading the existential crisis of a desk daycare job that requires 0 neurons.

>>21250243
Stops PMS from working in the function of backing a currency. Now you're just misinterpreting me and taking it out of context (because if you include the paragraph it's in, then you'll know that I wasn't talking about the fact that they're non-producing assets but that instead they are a restrictive entity in any currency and that's why they're no longer used). We've grown beyond PMs.

Flexible meaning precisely that. The fiat currency can be changed in its value to suit the situation, and can be created or destroyed digitally now. Countries require this flexibility in order to maintain the economic flow, and without it, things crash quickly and hard.
>far beyond where they're supposed to go
How in the world do you set limits to this or quantify this? What you've just said is your opinion based on...what? Financial tools can be used to go anywhere, and considering this Covid crisis we are in a place we haven't been as a society ever before. All the bailouts, all the help from the govt for the unemployed, all of it would be impossible without a fiat currency that could be manipulated. The Airline industry would be bankrupt, trading would have to halt due to restricted shipping lanes, the list is endless.

>>21250249
No, (((you)))

>>21250263
Rolex. Audemars hasn't shown the historical trend yet, and they're uglier. That being said, go for the popular models of Rolex (i.e. don't bother with the Cellini or the Explorer).

>>21250275
And yet the value keeps on going up and it is used in countries instead of their own currency (to the point that in Venezuela the USD has undergone inflation within their country). Yeah, I'm not worried. If I were in the EU or in South America or Russia or China, then I'd be buying gold and getting the hell out of there.

>>21250286
And...it's true. Given that if you were to compare the pay of armies (which some have done), you'll see something comparable between Roman times and today. Gold prices.

>>21250249
>>21250286

That’s got to be the bottom

>>21250449
>And yet the value keeps on going up and it is used in countries instead of their own currency

Because if they try to get away... they get the Beirut treatment lol. Its all gunna be sold off at whofuckingcares/10.

>>21250449

>Flexible meaning precisely that. The fiat currency can be changed in its value to suit the situation, and can be created or destroyed digitally now. Countries require this flexibility in order to maintain the economic flow, and without it, things crash quickly and hard.

How on earth can you believe this? That what the people in power are doing is right? Do you not look at real unemployment at 40%, the economy getting worse and worse after every crash, after every round of Q. E., every reinflated bubble, and not question your Keynesian dogma, even for a moment? Do you not see that all money-printing does is transfer more wealth from everybody else into the holders of assets, the top 1%? The disparity in wealth has never been greater than ever before in history. Q. E. has always made things worse. That's why the Little Depression of 1921 came and went in the blink of an eye, but the Great Depression lasted for years.

>How in the world do you set limits to this or quantify this? What you've just said is your opinion based on...what? Financial tools can be used to go anywhere, and considering this Covid crisis we are in a place we haven't been as a society ever before. All the bailouts, all the help from the govt for the unemployed, all of it would be impossible without a fiat currency that could be manipulated. The Airline industry would be bankrupt, trading would have to halt due to restricted shipping lanes, the list is endless.

Yes, and those companies should go bankrupt. If you don't let bad companies go bankrupt, if you bail them out, then good people can't take them over and govern them well. Crashes are necessary in order to clear out mal-investment and incompetence; when you reinflate a bubble you make the economy worse, because you don't allow it to heal. I am speaking common sense Austrian economics here, not Keynesianism.

>>21250249
>http://piketty.pse.ens.fr/files/capital21c/xls/RawDataFiles/GoldPrices17922012.pdf
this chart turned me into an unironic hard core Nationalist. the fact that they destroyed our nation is like this is worthy of genocide.

>>21250449
>How in the world do you set limits to this or quantify this?
That's a great question, but based on history, it seems like the limits of a physical standard really keep things stable.
>All the bailouts, all the help from the govt for the unemployed, all of it would be impossible without a fiat currency that could be manipulated
We have almost never been more economically unequal ever. The levels of debt and wasteful spending across the board have really damned us. Given the circumstances, yes we definitely can use some of the tools for fiscal stimulus. That said, the issue lies with being far too poor to begin with. Far too leveraged to begin with. Q1 earnings slipped into the red for corps over a month of slack? Isn't that just ridiculous?
>The Airline industry would be bankrupt, trading would have to halt due to restricted shipping lanes, the list is endless
Ch 11 is good and there are too many airlines operating with overly competitive margins because there's too much cheap debt. BK doesn't mean you stop doing shit. BK means you need to resolve your debnts.

>>21250291
Just go to the archives...first it was middle of July, then end of July, then last week, and now September 'like you've been saying all along'. No, it's because you don't actually know, and your wishful thinking exists only to justify the ludicrous amounts of money you've put into PMs without selling when you have a favorable value for fiat. Especially since we use fiat to do daily business.

>>21250320
And this means? That the US can manipulate gold again when they need to. Which means that your trends are precisely as I described: sometimes it's great, sometimes it's terrible, but over the long run it's a 1.1% increase or essentially 'the same'. Unlike anything else, but better than fiat. You think that the US manipulating the gold price somehow makes the historical analysis untrue? Do you think anyone who was buying gold at the time blamed the govt for pushing down the gold price? No. They bought and profited.
>it's almost as if you expect PM prices to be 'fair' and 'just'....

>>21250327
Disagree entirely. If they didn't, they'd make it illegal.

>>21250333
I disagree; there are far too many world-related factors (war, oil, etc.) that directly impact the gold price, along with govt. manipulation. In other words, I think your evidence is a 'part' of the larger puzzle, not the entire puzzle. QE doesn't do what you describe; it simply keeps liquidity when people tend to not want to spend (or cannot spend due to circumstances). As more people spend and the economy gets up and running, QE pulls back accordingly. The housing bubble hasn't collapsed, nor have any other ones. We'll definitely see. As for buying a loaf of bread for Tesla stock...again, only in anywhere but the USA. Political position in the US is not meaningless, that is a simple lie. Political position means everything. Finally, comparisons to Rome only work so far; the difference here is that Rome was part of the world...the US economy IS the world.

i would like to point out, the chinks have dropped the price .75 cents as of this post

Ordered 20 philharmonics and 25 royal arms for a total of 1241€(27.57€ average) just now. And it keeps dipping. JUST

>>21250739
we hit 27 US dollars and 43 cents and its go time

BHLL niggers, easy 10 bag

IT'S DROPPING LIKE A ROCK


AAAAAHHHHHH WE GOT TOO COCKY SCHIFF BROS

>>21250711

>>21250811
my god, its a category 4 kitty

>>21250711

>>As more people spend and the economy gets up and running, QE pulls back accordingly

This is simply the narrative, not the reality. Once you start Q. E., you can't stop it. It's like taking a drug. This is why Peter Schiff always said, confidently, that the Fed could never raise rates. They tried in late 2018; yields went to a paltry 3%, the stock-market crashed immediately from 26,500 to 22,500, and they were forced to start Q. E. again. The bubbles are so enormous, and the deficit is so colossal, that yields must be kept minuscule simply in order to prop the system up at this point. But that makes treasuries increasingly undesirable to investors, hence inevitably causing a bond-market crash and hyperinflation; because, the fewer real borrowers there are, the more the Fed has to monetize the debt, in a vicious circle. A debt-trap.

>>the difference here is that Rome was part of the world...the US economy IS the world.

Rome was master of the known world. The comparison is exact. When its currency collapsed, the so-called "barbarians" were easily able to flood in and conquer it. The same thing will happen this time with respect to the Russians, the Chinese, etc. No sovereign nation is going to be stupid enough to take U. S. dollars in payment, or back their currency with treasuries, when they see that the U. S. is caught in such a debt-trap that they have to print tens of trillions per annum simply in order to prop the system up. At some point, all confidence in the dollar is completely lost. What's the U. S. going to do? Invade every other country in the world, and force it to take dollars in an act of naked robbery? No. The rest of the world won't let their commodities be robbed to fund the lifestyle of degenerates any longer. They are done with U. S. paper.

>>21250338
People were saving...that was the point of the article. And it wasn't just the article, it was also broadcast by the news networks too (to my surprise). But people were still shopping, just doing so online (so the postal services were stretched beyond capacity between April and July...apparently it was worse than Christmas).

>>21250357
I look forward to the mask falling....or not.

>>21250407
Don't worry, it's /pmg/. I thought you were a bong because of your choice of words. Sorry about your job...but I guess it's important to be grateful to have one during this time.

>>21250556
Correct. That's my point. The USD is the most powerful fiat in the world, and it'll stay that way for at least the next 30 years.

>>21250570
Real unemployment is due to many factors: women in the workplace, robots in low-iq jobs replacing humans, etc. It's important for the top 1% to have assets transferred to them because they provide the jobs and the security. Without the 1%, the population would starve. I know, because part of my job involves policy that takes care of this problem directly. I'm not in the top 1% (hoping to be there in a decade or so), but I know what they do and how they think. It's absurdly simple. They don't care about the disparity of wealth. They don't care about the struggles of a person who can't buy a loaf of bread. Why should they? Regarding the 'companies should go bankrupt'. No, they shouldn't. Companies like airlines need to be kept around because they maintain the semblance of 'normalcy' to the average pleb. See, now you're just sounding like you want a revolution. You won't get one, because the 1% simply don't allow it. They're protected, and they use you to stay protected. They give you enough freedom and choice to trick yourself into thinking you have agency, but in the end you're simply following the path of least resistance based on your unstoppable desire to fuck and eat.

>>21250711
>Just go to the archives...
July and August aren't COMEX delivery months. Actual links or >>/out/

>As more people spend and the economy gets up and running, QE pulls back accordingly.
That has only been announced one (1) time and the resulting fallout made them back off immediately. Bureaucratic interventions last almost forever unlike in your Keynesian textbooks

>>21250711
>Disagree entirely. If they didn't, they'd make it illegal.

They literally did.

https://en.wikipedia.org/wiki/Executive_Order_6102

The only reason they aren't making it illegal again (and believe me they are moving that way in the EU) is because they don't want to attract too much attention to it.

>>21250832
I wonder if the cunny shorter keep the shorts. ... I wonder if he'll be able to close them profitably...

>>21250832
So cute

THREAD THEME
https://www.youtube.com/watch?v=bmhGinCAI8A

>>21250883

lol, any nation which stops accepting the dollar suffers from a regime change. funny how that works.

>>21250928
51%

Never Forgetti!

>>21250832
>check the intraday overlay
That should be it for a doomp. They did this yesterday too. Should be near the bottom on silver. Idk about gold.

>>21250890
>The USD is the most powerful fiat in the world, and it'll stay that way for at least the next 30 years.

True but, there will be a day soon when kikes sink the mothership. If your American wake up pal.

and btw once the USD fails, 90% of the world's economy goes too. WW3

>>21250647
Physical standards prevent growth, and therefore it was necessary to go to war to allow for it. We don't have to do that anymore, so we've seen more 'peace' around the world than we've ever had in human history.

>too poor
More? you too?

>>21250818
Don't worry Anon, I absolve you. I absolve you all.

>>21250883
No, the narrative is not just a narrative. You need time, and we didn't have enough. QE needs a healthy economy, but 2018 wasn't healthy, and now that things are tied globally we need the EU to be healthy too (which it isn't). But now that the US is pulling out of EU, by December we can start easing back. The comparison with Rome is false because we no longer use PMs, we use fiat. C'mon, that should be obvious. Sovereign nations have to use USD, not only for oil, but for grain and trading other foods and chemicals. You have no idea the extent, the full reach the USD has?

>>21250897
No shit; they were speculating on what would happen when Comex couldn't deliver this fall. Hence 'buy more buy more'.

>>21250898
I know that, that's why I said it. They made it illegal once before, and they can do so again. Because they haven't, it shows that they're not scared of it. Jesus...are you all hard of learning?

>>21250928
Correct, and this will continue for a long time.

>>21250928
What exactly do you pay your giant fucking moneypit of a military with once your dollar goes to shit? Not even Republic era legionnaires served for the sheer pride of it, they demanded payment. Who is going to trade your dying fiat for steel or paint? Who is going to accept it to buy tons of canned food for your sailors? What defense contractor is going to attract top talent paying them in funnymoney and 401ks they know they'll never see?

The things you use everyday are only possible because there is an assumption of gained value in producing them, getting them to you, and selling them to you. If the accepted medium for moving that value between people becomes worthless, it doesn't matter how much you liked it, because it means no one else does.

>>21250928

Russia and China won't be treated like Iraq and Libya. Even the attempt to destroy to Syria with ISIS, and to drum up an invasion into Iran, have been miserable failures. The U. S. is finished.

>>21251028
>The COMEX is the most powerful delivery system in the world, and it'll stay that way for at least the next 30 years.
Where have I heard that before...

>tfw no dry powder at all to take advantage of the dip

Life is suffering

>>21248234
With Muslims
You Win

>>21251063
what dip?
Are you trading futures or something? I'm not seeing dealers lower their prices.

>>21251040

>The comparison with Rome is false because we no longer use PMs, we use fiat.

Debasement of coinage and debasement of fiat are an exact comparison. If you increase the fiat to the point where it becomes worthless, then people will refuse to take it any more, just as people in the ancient world refused to take a coin which had no real precious metal in it. This is the exact reason why the world has been dumping treasuries, and hoarding gold, since 2008.

Betrayed be the Chinese again

>>21251040
Point to specific posts where people said that "first it was middle of July, then end of July, then last week, and now September" when COMEX will fail.

I do not understand this price action
https://money.cnn.com/data/world_markets/asia/
Hang Seng up 2%
Dollar up 0.06%
https://www.investing.com/currencies/us-dollar-index

After the strength on Sunday / Monday, I'm confused by the reversal - any thoughts?

Just too much resistance at $30 silver that it's hard to push past?

I'm confused how this is going to progress, with China's extremely severe handling of the corona virus (welding shut people into their homes) their economy is opening back up; their markets will rise - this will put more downward pressure on silver than the increased industrial demand

However, the whole rest of the world is going into the real shitshow of corona during winter.. can the global PM bulls beat the Chinese bears?

>>21251040
>Physical standards prevent growth
Unchecked growth is sometimes referred to as cancer. There's no reason that the goods and services can't change prices to adjust to something that has much more limited inflation.

>>21249661
I’m 60% up on gold, started stacking just a few years ago. It didn’t lock the value, it made me money. I suppose I did time the market a bit, but still. Gold can be an investment if you get a bit lukcy.

Should I sell all my miners at the opening tomorrow and buy them back up in a few days?

>>21251040
stop being a pilpulling hebrew and actually answer this anon>>21250897

You claimed that in the archived threads people were yelling left and right about how Comex would default in July, then August, then anyday nowTM. But that was objectively untrue. Literally everyone talking about Comex default has been doing so from the prospective of September being unprecedented in the amount of SLV contracts standing for delivery. You don't have any links, because you can't actually find any to back your fiction. Instead, you now claim that you 'didn't really mean that they said it would collapse in July', and really meant that they were all saying it was going to fail eventually all along.

I guess they fired the SLV shill yesterday and your the replacement. Pilpul out the ass, utterly disingenuous, fudding PM and shilling for the invincibility of the USD, do you not think we can smell your shit from a mile at this point?

>>21251060
Tellll Avivvvva maybe?

>>21251200
lol. this is the weak handed shakeout. fucking ridiculously weak dip. we weren't even in a true bull market for PMs.

>>21251172
>can the global PM bulls beat the Chinese bears?
Be thankful for the dip. All the shit lying around smells ripe.

>>21251219
So basically I should quit being a pussy and just leave them alone and ride it out?

>>21251206
*Note: COMEX futures is SIL; SLV is the ETF and a separate thing altogether.

Actually that may be the cause of the confusion, who knows

>>21251200
Watch price action. They're likely undervalued all the way down to about 1700 usd for gold. Might be more dips. I'll be averaging back in. Especially from other winners.

>>21251045
But Anon, you forget. No country in the world can go to a PM backed currency. They all require fiat. Russia needs it because they have 1 natural resource that has value, and they need to feed their entire country using it. China needs it because they are propping up their entire economy by building cities that no one lives in while anyone who can escape does so with their wealth and parks it in other countries that are safer from collapse (literally and economically). Middle-eastern countries that have tried have failed because they were too stupid; it had nothing to do with us.

>>21251060
Doesn't matter, it's true.

>>21251111
Again, you are wrong. Russia and China have been hoarding gold since 2008, but other countries haven't bothered unless they were under duress. Don't you get it? The USD will never become worthless because it's always worth more than other worldwide currencies. That's the point.

>>21251147
Do your own research; I've provided links and articles before, but eventually you're gonna have to stop wearing Huggies.

>>21251172
Silver is going to go down as I said, and gold will stay up for a while but also go down once trading begins again at a high rate. It's all about confidence.

>>21251188
Fiat currency doesn't automatically mean 'unchecked growth'. Be real Anon; anyone who runs an economy knows that growth is checked using measures we've discussed before. What PMs backing currency creates is a situation where growth is restricted as a function of the material. That's impossible to sustain, especially if countries around you are using fiat and growing at a higher rate. You can't compete this way.

>>21251206
Why are you so angry? Just buy some more PMs at the current prices if you're so mad....

>>21251219
It just feels like everything would drop since gold is under 2k again

WHY IS IT DROPPING IM FINANCIALLY RUINED AAAAHHHH

YESSS.

CHEAP(er) GOLD

HUZZAH

>>21251281
Thank china or you can thank the BOG

>>21251281
Same

>>21251273

>Russia and China have been hoarding gold since 2008, but other countries haven't bothered unless they were under duress.

This is completely wrong. Virtually every country in the world has been either hoarding gold, or at least not selling it. Look at Turkey. It's a NATO ally, and yet it now has 546 tons of gold, as compared with 116 tons in September 2011. For comparison, Britain only has 300 tons. Every country that intends not to be a slave to the U. S. is extricating itself from the dollarized financial system.

You fuckers told me that silver prices are gonna go up. This is bullshit. Its plummeting

>>21251273
>I've provided links and articles before

>>21242597
Kind of called this earlier. Looking for buying opp...

>>21251348
100/oz by end of sept

>China dumping their fake paper metals
>They are literally fake, gold and silver plated lead
>Half of their stack is fake, and they have x8 of that in fake paper
Even if we go to war with then, cheap lead doesn’t sound like such a great deal when we start pillaging their rotten country

>>21251348
We’re at prices not seen since the same time last morning

>under $2000 gold
>under $28 silver
Big sell-off time. Buy the dip. Remember that there will be physical metal shortages in all of 2021.

>>21251341
Britain, the EU, Canada, Mexico...basically any country that doesn't expect itself to implode economically doesn't bother with PMs.

>>21251348
Yes, it'll go down, and then up, and then down again. Don't worry; just sell when it's at its highest and you'll be okay.

>>21251364
Do you understand words?

>>21251389
They can't run a war if we cut off their oil supply. A war with them would be useless to them and a waste for us, so the point is to keep sabre-rattling so that we can 'trade' with them. If they collapsed, the entire region would be wartorn and since China has nukes it would be very dangerous indeed.

>>21251394
Exciting, isn't it?

>>21251219

People in Europe aren't getting shaken out by this. Fewer and fewer people are stupid enough to sell their mining stocks. Aurcana is up 6%, Metallic Minerals is up 18%, Bayhorse Silver, DSV, SPA, are holding their enormous gains from yesterday.

On the plus side I can’t really lose any more than I’ve already lost

>>21251219

People in Europe aren't getting shaken out by this. Fewer and fewer people are stupid enough to sell their mining stocks. Aurcana is up 6%, Metallic Minerals is up 18%, Bayhorse Silver, DSV, SPA, are holding their enormous gains from yesterday.

>>21251439

>>Britain, the EU, Canada, Mexico...basically any country that doesn't expect itself to implode economically doesn't bother with PMs.

Hahaha. Britain? What? I'm from Britain. Let me just repeat to you here what I said to somebody yesterday.

"I'm from the U. K. I have never heard a person talking about gold or silver in all my life. Not in 2006, not in 2011, not now, not ever. Alasdair Macleod, Andrew Maguire, and a few others, are the only British people I know of who even talk about gold. People don't give a damn about gold here. Unlike Germany or Switzerland, there is virtually no private ownership. Our gold reserves are also appalling. Brown sold half of them at the bottom of the market. We have a paltry 300 tons left: for comparison, Sweden has 120 tons, and one seventh the size of our population; we also have double their debt. So Britain is undoubtedly going to get wiped out in the coming crisis. In a single generation, socialism has spent the wealth of the greatest empire in the history of man. We have no manufacturing, no savings, no natural resources, and are one of the most heavily indebted countries in the world.

Moneyweek did an excellent documentary a number of years ago called "The End of Britain." Dominic Frisby is the narrator. It was subsequently purged from Youtube. A mirror is still up. It explains, in detail, exactly how dire our situation is. Every single person in Britain should be watching it now. https://www.youtube.com/watch?v=og4YhOc2f2w

(1/2)

>>21251455
BHLL niggers

I was promised 30 this week. I got conned into buying premined shitcoins AAAAAHHH

>>21251348
Pull backs and consolidations are signs of a healthy market. Any pull back will be limited in scope and duration due to ongoing shortages.

>>21251273
Stop being a kike and answer this question with the links you claimed to have>>21250897. You won't because you're a derailing JIDF shill. I hope when the Saudis buy a nuke off Pakistan to bomb Tehran they get a second one for Tel Aviv.

To the actually children in this thread, Keynesian pipe dreams of eternal growth and expansion are just that. They have no basis in reality, and the reality of the 21st century is that is going to be a century of less. Fewer babies the world over (peak babies was 2014), a demographic structure that breaks under its top heaviness ruining every single pension system on the planet, an ever declining output of phosphorous for fertilizer leading to declining agricultural output the world over, and every nation reaching the limits of what leverage and credit allow. The coming decades are decades of economic (and actual) famine. The US is probably the most insulated from this due to its geography and productiveness, but it will feel the credit crunch as its the financial capital of the world. The problem with what Keynes believed was that he knew he was borrowing from the future, and hoped to be dead before the bill came due. We get to service the bill. And so does the rest of the world.

Your life is only comfortable due to people being able to exchange services and goods freely with an accepted medium of exchange. Currency is economic engine grease, not the engine. Understanding this is the difference between Keynesian religious thinking and reality.

>>21251439
Do you understand how to back up your claims of "first it was middle of July, then end of July, then last week, and now September" with actual archive links?

>>21251389
>>21251439
right now china is dealing with the rain and a particular dam

>>21251489

*

"We don't have an economy. Doesn't make a difference what happens to the royal family. They are simply a distraction for the slaves. We're a nation of people working in cafes and service stations and collecting welfare. Peter Schiff always mocks America for having no manufacturing, but we have even less than they do. He talks about America's debts, but our debts are even worse. We have almost no natural resources. We have no gold. No savings. And as soon as we can't borrow money at rock-bottom interest-rates any more, which we can only do because of Q. E., that's it. It all collapses. The whole ponzi-scheme. No NHS. No state schools. No pensions. Nothing. All gone faster than you can blink. This will probably make it clear to people why the government is locking everything down and imposing authoritarianism, even at this early stage."

(2/2)

>>21251501
There’s no shortage of paper they can dump onto the market though, this is the exact problem we’ve faced for years they just print more tokens and dump them overnight to keep prices suppressed

did anyone get any of those compass coins?

>>21251474
I'm positive even if we drop another $4 so I'm relaxing.

>>21251439
>Britain
>Not imploding economically
I’m on my phone now so I can’t copypaste the UK discussion we had yesterday. Long story short, UK is doomed. They have no resources, no real production, import 50% of their food, sit only on 310 tonnes of gold and they’re as in debt as America per citizen. The current money spending will result in a financial catastrophe, Brits don’t stack gold and silver in general so they’ll get burn badly. There is also Brexit, EU will work together to avoid the collapse for a long as they can, or to make it less extreme. Germany sits on 4000 tonnes of gold alone. UK won’t get that help, they’re a small island with nothing except cafés and some obscure car companies like Aston Martin.
I fucking live here, I see where this is going.

>>21251540
Yes but if they dump the paper too far below the physical price then the number of people standing for delivery will increase due to the immense arbitrage opportunities.

>>21245637
Lol

You're all forgetting. PMs are the opiate of the poor. You think that with them you are rich, when the real wealth is in owning land. You think that the government doesn't want it, and that you are somehow smarter than them and therefore buy buying PMs you're increasing your ability to survive. It's a trick, a distraction. The govt allows you to buy PMs to give you the illusion of choice, the same way that they give you 'fair' elections and 'democratic' voting. If people feel that they are having a fair life, then they won't rebel. If they rebel, then they won't be able to identify the persons they should rightfully be rebelling against.

You want to know the truth? Nothing under 5 tonnes of gold will save you. If you're in the US, you don't need any of it, just continue living your life, not having children, and voting. If you're not, then it sucks to be you.

>>21251585
Sorry Bong...I was there during the 2009 crisis and saw things firsthand. We tried to help as best we could, but sometimes there are other elements that simply can't be reasoned with. Leave if you can. The trade deals with the US will be beneficial for you, and ultimately it's better to be out of the EU than in. Germany is in for a world of hurt I'm afraid (the recent numbers on auto manufacture are the tip of the ice(((berg))). They have gold, and they'll need it to prove the new Deutchmark that will have to be created in 2028.

>>21251273
>Be real Anon; anyone who runs an economy knows that growth is checked using measures we've discussed before.
I don't think you have any good evidence for this statement. I also don't know what statements were discussed prior. Fiat has always run away and out of control

I'm off...you Anons need a new bread though.

>>21251585
As long as you and your countrymen realize who created this whole global financial collapse, you'll be okay

>>21251506
Keynes was such an evil bastard, almost as bad as marx.

>>21251673
You shouldn't do drugs while posting on /pol/ you fucking faggot.

>>21251673
Hey JIDF, do you think you don't have to show the archive links backing up your bullshit about how 'everyone was saying comex was going to fail in july'? Answer his question >>21251147

>>21251609

Hemke predicted yesterday that they would push it somewhat under 2000 dollars. That's the golden mean. Not too low that the COMEX will overwhelm them, but low enough that they can shake out weak minds who think that the rally is breaking down.

>>21251489
>>21251516
based Frisbyite

>silver plummets in a matter of minutes
And just when I'm asleep, every time

>>21251771
Yeah funny how it always dumps when USicans are asleep

>>21251771
Source?

>>21251817
>>21251817
>>21251817

I'm just about ready to pull the trigger on some gold ozs from BGASC.