/biz/ - Business & Finance

Are we fucked

SILVER UP IN THE EUROPEAN MARKETS, WE'RE GONNA MAKE IT.

Silver up 3.1%

Is that all you can conjure, JPMorgan?

Reminder

https://www.stlouisfed.org/on-the-economy/2020/august/what-yield-curve-control

This isn't here as some kind of academic curiosity. This will be the policy come September. Despite today's bloodiness, the underlying fundamentals are the same. We are going to steep negative interest rates.

Banks threw everything at me, didn't sell.

Damn grabbed that dip perfectly. Glad I did

Thank you kamala harris

>>21279777
Checked, good job HODLer.

>>21279777
Checked. Same. Bought more on the dip.

>>21279744
Idiot

>>21279800
Im sitting here eating chicken wings. Anyone feel sad when you find a broken leg? Like that poor chicken probably had his leg broken when he was jammed in the cage and had to endure it for hours or weeks until they finally put it out of its misery

repostan' from the last thread. Anyone see any deals for today's dipped spot? My LCS wouldn't honor it.
I'll finish my stack regardless, but it doesn't hurt to ask.

There's too much buying pressure. It might just go straight back up.

>>21279830
was very tempted, just didn't have time at work. Only got to enter an order 2 mins before market close and it didn't go through because I never fucking market buy

>>21279834
Seethe harder, redditfag.

Do NOT sell, BUY more in anticipation of USD collapse.

>>21279777

>>21279869
i went to my LCS, bought about 10 oz for 29 an oz right at bottom of 24.68. they know what online is selling for, all they have to do is beat that, still, 4 dollars vs 7-9$

For those who did not participate in the previous thread:

The COMEX price of paper metals (spot) is expected to crash to $0. DO NOT BE ALARMED. This is what indicates a lack of interest in the COMEX paper market.

Physical metals have retained value and are just fine. In order for the desired "moonshot" to occur, repricing is one of the prerequisites. That happens by a literal "switch" of the go-to-place where dealers and consumers determine the correct valuation.

Places like this: https://findbullionprices.com/closest-to-spot/

As tempting as it is to keep refreshing spot prices on the various websites out there, keep in mind the price is reflecting PAPER ONLY. Paper holders will lose, not you physical holders. Once all paper losses materialize (e.g. spot prices to $0) then other less-authoritarian price sources will become the guide.

Remember, stay strong anons. Spot price down is GOOD FOR YOU.Go buy physical while the arbitrage is hot!

>>21279899
Rolling for major metals happening tomorrow.

Looks like were seeing things go back up, be nice to see gold start to settle out at 25-26 than juniors and guys like me can work properly. Its such a pain planning work for the future when everything is so volatile.

>>21279869
bought 3 oz gold.

also WHY IS THE PRICE GOING UP???? CRATER ANOTHER 20% SO I CAN LOAD UP MY BAGS. THAT'S LIKE A FREE OUNCE FOR EVERY 5.

>>21279675
Just bought the dip frens. Do not let them scare you with their tricks

>>21279675
R8 my stack

>>21279987
Yes. SIlver 1k/oz

>>21279985
We're literally seeing the markets diverge. Physical vs comex. As soon as a 1,000 oz wholesale bar diverges and PSLV diverges its over.

>>21279899
Checked, and fuck the anti-spiral.

>>21280029
Gold will be 3000 this time next year. Mine away fren

>>21279675
EVERYONE HOLDS, NOONE SELLS

IF YOU SELL THE DIP ILL SHOOT YOU. AM I CLEAR?

B O G G E D
O
G
G
E
D

New record

>>21279899
in an alternate reality I'm rich anyway

>>21280112
HOLD, MY SOLDIERS. HOLD!

>>21280044
Checked, and your stack is cute

Are we in a fucking movie?

>>21280044
Shit Nigga, that's kawaii.

>>21279675
did i buy the dip?

>>21280255
Yeh

>>21280255
Simulation....

What in the fuck ride are we on?

>Announce ze vaccine again

>>21280275
Why not send them an e-check? Sure it takes longer to clear but you save some money.

>>21280255
Duh, look at dick pound, chad wolf, and Dr.corona during covid. Remember how we killed slamahalama ho at the beginning of the year and orangeman put a low jpg flag of murica?

>>21280283
Success is inevitable.

>>21280318
>>21280318
https://youtu.be/yLhHEttoJzg?t=25
LISTEN TO ME MARTY YOU HAVE TO HOLD

>>21280334
Good, now lock it down even harder with fewer cases

>>21280318
The shekel shuffle
The goyim gripbreaker
the silver slide

>>21279777
Based. Checked jackpot digits.

>JPM

>>21280337
Real chads mail a paper check

>>21280318
Dead bear bounce

>>21280029
Here is some I cleaned up from some forgotten concentrate pails at my grandparents.

I'm around Hixon. If you need a hand shoveling I have some gear and I'm 29 and fit haha

Anybody smelt at home? Need info on this subject

>>21280029
I think you can count on good Mining projects to be economically feasible for a long time. Nothing goes up in a straight line. We were way too verticle in July.

>>21279777
Based and 1933 pilled

a-a-are we back bros?

>>21279777
>Banks threw everything at me, didn't sell.

Well done fren.

We should thank a certain (((bank))) for opening the door to acquiring more physical at a lower price.

Frens, I'm looking to buy a waterstone to sharpen knives with. Any suggestions under $40? Never done it before

>>21279777
Based. Never forgetti bro. https://www.marketwatch.com/story/feds-harker-backs-allowing-economy-to-run-hot-before-raising-interest-rates-2020-07-15

>>21280031
O man I live in Hixon! I know Terry Creek well, I had some ground by Darcy Cooper for a while. Maybe next time I am home I ll come look for you, might have some work for a track hoe!
Also fantastic gold there friend!

>>21280424
fuck just replied to your post from last thread, lovely gold from our neck of the woods but its so hard getting permits, its easier to go out by barkerville and work on those territories, so long as you can find ground.

The jews lost. We're going to win, /biz/ bros.

> there are people on this board who sold LITERAL GOLD MINEing stocks

>>21280255
Kamala Harris the wrestler dies
2 days later Kamala Harris the crooked cunt
is selected to be VP candidate
Yes, we are living in a simulation and whomever
is running it has really started to fuck with us

>>21280511
Small world. 4 chan of all places hahaha. When are you going to be home?

>>21280337
because its convenient. i also use coinbase regular

>>21280070
If spot prices arr going to zero should i want longer for lower prices matey? Why not buy when silver is at $2/oz then walk the plank and buy?

>>21280255
A clown world

>>21279777
checked, also bought on the dip both physical and miner calls

My LCS was selling Generic rounds and Maples for $29/ozt. when spot was $24. Decided to buy a couple ounces and wait to see what happens. Did I make a good choice?

>>21280544
I was hoping to not get a permit and try and stay within the hand mining rules. However I'm finding out it's alot of miss and not much hit. Im a pipefitter and the oil patch it wrecked right now.

>>21280575
probably again in two weeks, was home from Wells a few nights back, I ll see if I can arrange a meeting day but I ve been so busy I may not have time. Let me figure out what my coming week looks like and I ll see if I can work in a visit home.

>>21280601
COMEX is a fraud

>>21280430
Arr I need to know these as well shipmates. I need to know how to make silver 223 boolets when they want to take me gold

>>21280408
Big brains send cash via carrier pigeon

>>21280601
I recommend buying now, because at some point dealers will stop referencing "spot" altogether and simply go to a "low price guarantee" model like you see in free markets. If you find it lower, we'll match -2% or something. Instead of a single price source.

>>21280414
Dead bear bounce means a drop and then we rise, correct?

>>21279675
>Reave Sirver to me

>>21280656
Ok we'll shoot me an email 4th33k1dz@gmail.com

>>21280700
Silver would go to $300 overnight, courtesy of the BigTech.

>>21280662
Imagine dropping this on someone's head

>>21280638
>generics
no
>maples
yes

When spot was $24, you get get Kooks for $29, and those are even better.

>>21280716
yes

>>21280654
most of my mates in the placer fields are pipeline crew types or well managers, I know all about it bud, and yea hand mining only really pays like it does for me when you have spent a ton of effort researching where best to dig. Guy I worked with earlier this year showing him ground to buy found 10 grams in a day with his highbanker on Cunningham up stream from one of my cells, lucky bugger.

>>21280748
Anyone in mind?

>>21280601
go find physical silver at $2 when comex claims its $2

Everyone is excited that the price is going back up, but >>21279985 says that it's a bad thing.

>>21280728
will do!

>>21280745
Checked

I’ve been at work all day
Someone tell me what the FUCK happened today

>>21280666
Yes I walked all the way to Oklahoma City to buy silver directly from Apmex's HQ, how could you tell?

>>21280851
jews jew'd but couldn't jew hard enough. Silver rebounding.

>>21280851
The tribe was at it with their tricks again... Its all good silver will be 1k/oz by Nov 3rd.

>>21280851
Jews gone wild!

>>21280886
>>21280891
>>21280893
That's a lot of anti-semitism crammed into 12 seconds

>>21280919
>anti-semitism

>>21280919

>>21280919
Welcome to 4chan

>>21280919
Where do you think you are?

>>21280919
>counter-Semitism

Reminder that even the cheapest bars are 3 to 4 dollars over """spot""" price.

That dip was just a ploy to dump the rest of their shorts.

>>21280812
It can be tough to grasp for most, which is why I use company stocks as an example. Most people anticipate the COMEX failure, but haven't thought further as to what that actually means. Like what happens at that point.

So, just like a company who issues shares, the perception of a company failing will eventually correlate with a lower share price.

People need to stop thinking of COMEX spot prices as gold, silver, <insert metal>... value and think of them as COMEX stock share prices.

Lower prices means institutions/people are selling and nobody is buying. It's a good thing in this case. But scares people because they never though beyond the fail to figure out where to price from there. Hope this helps.

>>21280851

>>21280851

>>21280851
>forgot pic

>>21280758
I only bought generics, a boomer showed up and bought out the shop's entire stock of Maples just I was walking into the shop.

>>21280109

>>21280809
I think we need to bring back the Genghis Khan method of execution by pouring molten silver down the throat. Just line up the C-suite of JPM, HSBC, and what's left of the Lehman Bros. cadre and do them one at a time.

>>21280851
Normal correction in consideration of the recent PM parabola with a couple media excuses such as muh vaccine and imminent Fed bux brrrrt to provide momentum to the bullion bank manipulation.

>>21280662
Imagine trying to hide this inside your ass

>>21280919
>"Juden raus!" -Jesus Christ 32AD

>>21280044
Are you... A GRILL!?

>>21281057
I would donate a few ounces

>>21281076
Oy Moishe, dut vould hoit!

Were should I buy physical silver ?

>>21280758
>>generics
>no
Why does it matter, silver is silver. You are buying for melt value or collectors value. Pick one.

>>21281183
Where are you from? Different countries have different rules.

>>21281076
kekked hard, LOTD.. new acronym laugh of the day. pass it along

I’m from Canada

>>21281183
I'm sure any coin shop in your area will have at least a few options.

Guys... I have a serious problem. I've become addicted to /PMG/ and it is affecting my life.

I have a habit of reading through every thread just so I don't miss anything... The problem is, that it's moving too fast that I sometimes have to go through 4 or 5 threads with 320-390 replies each just to keep up.

Can you guys slow the fuck down a bit??? If I don't read it all I get FOMO. What if I miss something important??

Anyone else feel the same way or am I just too autistic? I think I need a break because I get literally nothing done other than backreading pmg...

>>21281215
Because if you can choose between two different items that are the same price and have the same intrinsic value, but one of those items has additional perceived worth (a.k.a. numismatics) to some people, you should pick the one with the additional perceived worth. Duh.

What the fuck was that

>>21281241
There is the value of gold right there, you know? If you have to use your prison pocket, you can hold way more gold.

>>21281057
>you will never own the solidified "internal statuette" of a JPM kike who was executed by having so much molten silver poured down his throat that he started shitting rounds
Feels unjust man

>>21281322
The APB seems to have fucked off, so that slowed things down a bit.

I've been watching https://findbullionprices.com/closest-to-spot/ for the past hour and premiums have already moved from 7.5% to 10.5%. Is that much fluctuation normal or is it happening?

>>21281329
Do you think it was shaped exactly for that?

>>21281322
You can see the writing on the wall if all. USD collapse is imminent BUY MORE,SELL NONE

>>21281323
Derp, I missed that the coins were the same $/oz. I am a retard.

>>21279841
Yep, get that feel every time.

>>21279869
SilverGoldBull prices dropped $6CAD for 1oz mints like leafs. Is that a deal?

>>21281387
post link

I was sleeping through 24...i wasted 40k years...i blew it.

>>21281329
Checked. And thankfully it has health benefits so doesn't even need a wrapper.

I see silver spot going over silver futures.. what does this mean?

>>21280919
>inverted-semitism

>>21281274
BASED LEAFS

>>21281368
Happening. Free markets tell no lies.

>>21281490
The fact that this only moved from $31 to $30 today says a lot.

>>21281612
I'm kind of upset my $12 call is otm now since fm isn't gonna fuck themselves on selling low. But hey, that's why I bought jan

>>21281612
Physical market detached from paper?

>>21281490
This, here in the UK I just can’t find anything cheaper than £30 an ounce, and that’s on some metal trading forums. Dealers sell from £32 with the spot price of £19.
Jews have finally broke the camel’s back.

As the rootin tootin sperm shooting champion of the world I'm a threat to national security.

>>21281672
they are expecting spot to go back up soon

I am so fucking excited that we are going to a precious metals standard again. The entire world will ditch fiat at the same time and adopt gold and silver as real currency again.

It's all but officially confirmed, but I can hardly imagine what the hell it is going to do to prices... People are talking about $15000 gold and $500 silver. But I think the magnitude of what we are going to see will dwarf those numbers.

It will be like an entirely new reality. Fuck I get kind of nervous just thinking about it.

>>21281130
>ID: puSea
kek

Apparently their are Jews in Europe too

>>21281665
There's always someone worse off.

I bought FM $13 calls for January, so I have farther to go.

>>21281747

reporting in with Silver halves 1893 Columbus commemoratives

and our latest culinary masterpiece,..

bread
refried beans
cheese
chili
more cheese
onions
and a boomer soda

>the memes were true

If JPM owns how ever many million ounces, and we revert to a gold standard, won't he own the world again? Or is there enough in private holdings to put him in his place?

>>21281818
Don't even think in dollar terms. Think in terms of purchasing power. I started viewing my net worth in terms of troy ounces

>>21281612
Checked

Im gonna need some big brains to tell me what the play on LRTNF. Just lost some profits due to a forest fire

>>21281911
>him
Anon, you do know JPM is no longer a living person, rather a publically traded entity, right?

>>21281802
If you hold physical, you should hope not. It sounds contradictory, but check my posts above for more info. You want (their) spot to go down. The real metal price is reflected in aggregator websites that list current sales offerings.

>>21281818
>Fuck I get kind of nervous just thinking about it.
I'll live through it hopefully

>>21281747
Checked

>>21281956
>Thinking that John Piermont Morgan Senior is dead and not still alive in a Mr House esque animation chamber giving orders directly to Jamie Dimon

Absolutely cucked mentality right there. ngmi

>>21281882
Tangerines a good one but you gotta try key lime

>>21281818
the sad thing is this isn’t even intended to be bait
what will this general do when the pm standard doesn’t ever happen

>>21279777
I only sold my winners to buy deeper dips. I repeat this tomorrow. The whole fucking thing is going up. no more breaks. silver to $40 EoM.

>>21281956
Sorry Jamie Dimon, or the juus. Or are we hoping that the rest of the normies get reset to zero?

>>21282059
It's inevitable.

Got my first ounce of gold

>>21282059
the free market will force a bimetallic standard and the combined might of all the world military forces will be powerless to stop it

second dump soon

>>21282050
>tangerine
yeah the orangey flavoured ones are my favorite

>>21282121

>>21282170
Where's a good entry for a short?

>>21282059
The main problem I’ve only recently noticed is educational systems. They don’t teach you finances on purpose, it was created to make you into a good Goy. There is no one to rebel anymore, French Revolution-like change can’t happen with brainwashed idiot masses who take the word of a CNN Talking Head as some Holy Gospel.
To end this corrupt system, you’d simply have to decapitate the Bankers. They removed the Gold Standard that was keeping them in line for so long.

>>21281919
When I put a dollar value I am merely describing current day fiat purchasing power, don't think there is a better way of measuring it for the moment. But it makes sense that as gold and silver becomes money, the value of fiat will hyperinflate into worthlessness.

But we might end up in a scenario where 3 gold coins buys you a private spaceship and a silver coin buys you a brand new car.

Scary considering most PM stackers have their personal info stored with at least 1 dealer. The most profitable business venture in the new paradigm would literally be to raid/hack customer files of PM retailers to dox and rob the big cock stackers.

/pmg/ Is it cool to pay a little extra to get a cool gold coin as your first?

>>21282202
I missed the previous local top, but now it's a good time as well

>>21282121
>>21282201
>waifu rock
nice. will you ever sell it?

>>21282230
yes its fine.

>>21282121
Hey, I have that one in silver. One of my favorite coin waifus.

>>21281818
We will know either way soon enough, likely before end of Q1 2021. As far as pricing, I wouldn't get hopes up too high as lots of factors are in play, but I believe ratio consolidation will occur and that the metals will definitely appreciate to some degree in value. The ultimate valuation is a living-breathing thing and will take time to occur. I give a fairly succinct example at >>21276159

it's gonna crab now and later euros will dump

>>21282059
There is no other way out of this fiat system. I mean it's basically inevitable that it happens. The only question is how much pain we have to go through to get there.

>>21282227
Would a gold standard help solve as well? I understand the bimetal history, but curious how it might work in the 21st century.

>>21282230
Always remember your first. Have fun with it, even if it costs $60 more, so fucking what?

>>21282245
i really dont know

>>21282105
no it’s definitely not
>>21282149
the same free market where fiat outcompeted the metal standard?
>>21282212
well at least you’re right about the education system being an abject failure

>>21282202
After a swing high candlestick confirmation and continuation of a down trend in a longer time frame

>>21282170
It's not even going to rebound a little tomorrow?

got myself a 32gram 22k gold chain for myself for graduating and landing a sick job, will post pics when it arrives

>>21282405
It will.

>>21282321
Help *silver as well

>>21282405
Strong possibility it will but not likely all the way. Today was overdone. May still have a little more to go tonight before a sharp reversal.

>>21282336
>the same free market where fiat outcompeted the metal standard?
yeah hold on let me just pay my taxes in gold ... my parking ticket ... or my insurance ... wait ... my groceries ... gas ... fuck

>>21279777
Dont sell until after 50 or 100, and then only to convert into more land or PMS

How can one time when they will close their short positions? Or will that not happen by the time sprott demands delivery next month?

>>21282121
>>21282201
Beautiful anon. I picked up a waifu silver oz at the low today.

>>21282440
22k is underrated as fuck, it's the sterling of the gold world

>>21282499
Dont sell period.

>>21282288
>>21282321
Remember, on a gold standard, all outstanding wealth needs to be re-valued into the price of gold. This time it will be the wealth of the entire globe, or at the very least all world powers.. Can you fucking imagine?? They might actually do a full rainbow currency, using all 4 metals just because there is so much wealth that needs to be covered. But the constitution requires Gold and Silver as the only legal tender.

>>21282227
>Scary considering most PM stackers have their personal info stored with at least 1 dealer. The most profitable business venture in the new paradigm would literally be to raid/hack customer files of PM retailers to dox and rob the big cock stackers.

It would not happen fast enough that you wouldn’t be able to prepare countermeasures against this, the most obvious being to move house. As the value of your holdings go up, you’d have time and enough money to rent a property in a nice neighborhood and gradually move your stash there.

>>21282288
The picture you seem to be painting is be the guy that owns a good chunk of land on Manhattan in the early 1700s. Except this whole thing with PMs is going to happen way faster.

>>21279777
Absolutely blessed and saintpilled

>>21280044
It looks like your wife and her daughter did very well.

>>21282317
They are going to make a thousand different crypto tokens with wildly fluctuating values and unwieldy conversion schemes so that it's nearly impossible to know how much capital you can actually exercise. This should be OBVIOUS to anyone with half a brain that this is the real reason for the oodles of shitcoins on the market today. They're testing the waters for their version of it. It will be rebranded as "better than fiat" even though it's going to give people even less power than before.

Real commerce will be pushed to the "black market" i.e. bartered/negotiated deals. PMs will not be seized but will be subject to a new era of propaganda campaigns painting them as environmentally unfriendly, inconvenient, ancient, insecure, and barbaric.

>>21282568
Well you know how the constitution is... just a suggestion. When they say 'shall not' they mean, 'should not'.

>>21282569
We might actually end up with PM holders moving into Citadels as an entirely seperate caste, while everyone else who didn't stack metals lives in squalor outside with no hope of ever joining the people who had the foresight to buy metals in the old paradigm...

>>21282584
Precisely! And although I can't give specific timeframes, I challenge anyone to refute my example. :)

>>21279777
based and checked!

>>21282568
Checked. It will be, that'll happen when the wealth transfers into the medium. It's a natural process, no formalities required.

>>21282663
>it's nearly impossible to know how much capital you can actually exercise

Knowing how much capital you can exercise is an essential, non-negotiable, function of currency.

>>21282663
>PMs will not be seized but will be subject to a new era of propaganda campaigns painting them as environmentally unfriendly, inconvenient, ancient, insecure, and barbaric.

When you consider how well PMs have done vs the dollar and the stock market over the past few decades, and yet the overwhelming majority still doesn’t own any, it’s been a STUNNING success.

Until literally this year, I never seriously thought about buying any and that’s as someone on 4chan who had heard the Ron Paul anti-Fed shpiel before and could be considered broadly receptive to the idea.

The average person receives very few messages from media or any other source that would incline them towards PM holdings. A few old boomers buy some eagles online because of an ad they read in National Review or something. Maybe. But that’s it.

>>21281976
no, I personally don't since I already have a massive stack and my concern is my options contracts on miners

I personally need it to go back up in the short and medium term

>>21281322
>or am I just too autistic?
it very well could be fren

>>21282732
The thing you have to remember is that these people do not like people outside the club (us) getting in on the benefits they get. If they are going to do this, they are going to do it before normies are able to acquire enough PMs to get in. We will probably end up in a neo middle class. And most likely they will go back to the same old game of fucking the middle class.

>>21282822
>When you consider how well PMs have done vs the stock market
really bad?

>>21282859
This will be a much smaller middle class. If hyperinflation does happen, the new rump middle class will be wealthier in a relative sense, but arguably more oppressed and insecure than before.

>>21282663
To contrast, everyone always uses the argument that you can't fractionalize a commodity. I always kek and remind them about our "card-carrying" culture. It really boils down to trust and stewardship, as any typical "fiat" currency must have in order to gain popularity. This time the faith will be given to a US Presidential administration that has garnered grass-roots popularity and, while not perfect, is the best game currently in town. So envision a debit card that fractionalizes your stake in however much metal you have on file with them. Considering there is far more silver in the hands of the "people" I tend to lean toward silver becoming the basis as it could just as easily be used in physical transactions without being overly ridiculous.

>>21281818
>t. watched too many silver shield videos today

>>21282663
No cryptocurrency exists currently that can support the entire global financial system, and none will become robust or scaleable enough in time before fiat collapses.

Crypto is mostly a meme. No coins have fundamentals strong enough to become world money. Precious metals is the ONLY way out. Historically, economically, constitutionally, geopolitically and biblically the only possible option.

Is silver gonna take another plunge?

>>21282911
Agreed. We will be like nobles, very much not peasants, but also very much the king's bitches.

>>21282973
God I am so afraid that this whole entire bull run was just a trick by financial institutions into getting retail investors to buy PMs and then liquidating the market again.

>>21282973
Looks that way. Soon it'll be time to buy the new dip.

>>21282943
do you ever stop to think that such wildly inaccurate proclamations might be irresponsible

>>21282804
did you not read the other part of my post bitch

real commerce will not happen with this system because it will be too inconvenient. Similar to how today the average person has different accounts for checking, savings, 401k, health savings account, brokerage, IRA, cash, and so on, there will be different coins with different mechanisms coded into how commerce is conducted. So they can only function as a currency within a certain context, or after certain conditions will be met.

The overall goal of this system is to reduce social mobility as much as possible, and most people are too stupid to see how this is already happening today.

>>21282201
beautiful Sona-coin

>>21281130
Doesn't know about /pmg/mommy. Those dimes are for a night with a formally well to donhouse husband and his questionably aged son.

Lurk moar fagit

>>21283005
There is too much constant downward pressure. It's conspicuous.

>>21283027
What are you referring to in particular?

WTF WAS THAT

>>21282943
Ah no wonder Italy got hit with the chinese virus in Europe first and why it hit so hard.

>>21282212
I had a coworker tell me its hard for him to find an objective tv personality to tell him how to think when I told him his CNN station is not real news...

Mind you this is Canada.

>>21282405
it sold off way too much today, even if it does a short term reversal a decent swing back up is coming first in the next day or two

oooOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHHHHHHHHH

WHAT WAS THIS THING ???

>>21282943
Yes, it won't happen on a single chain. There will be literally thousands of crypto coins at a minimum, with very little real distinction between them. They trade through massive exchange gateways with fees equal to the rounding error on a floating point calculation but they will set the rules and parameters for how the exchange can happen. The goal of this abstraction is to make it as difficult as possible to determine the value of goods and fees.

>>21283197
now it will dump twice as hard, hopium runs high and everyone claims it will rebound

>>21282833
Gotcha, well miners always have the option to withhold. So they are not powerless in this game. Their reserve assets mean something, whether they can get them out or not in a profit-producing manner is the only question. I hear tons of stories of private enterprising people striking exclusivity deals on the regular with mining companies. So money will come from somewhere, doesn't have to be through authoritarian markets.

>>21283222
>now it will dump twice as hard
>triples
stop it, i can only be so erect

>>21279985
>https://findbullionprices.com/closest-to-spot/

How do y'all recommend a poorfag balance their portfolio. I have about 8k in crypto and 85 oz of silver. I was thinking about taking 1k from crypto and investing in some silver mining. Stupid question but mining companies are safe from the decoupling if it happens right? Any advice on which mining stocks I saw in a pmg yesterday anons talking about a mining company something like arcuria I can't remember the name though.

>>21283145
Everyone knows what is coming. China and Russia preparing for the inevitable. You think PMG is stacking? Well world powers are also stacking like mad.

Gold standard is coming.

>>21283312
Sell all your crypto and buy SILVER

Just imagine how much sprott lost today.

>>21283264
First Majestic holding on at $30/Oz.

>>21283280
people here underestimate how far I will go to protect my shorts

>>21283324
Either that or war first and THEN metallic standard.

This is the pullback we've been calling for. Don't get too greedy from the get-go, I'd give this market more weeks to see it bottom out more. Way too many johnny come lately's with weak hands and no fundamental understanding of the PM's market need to be shaken out.

If you're not already in your long term positions I'd dollar cost average in throughout the next 5 weeks. Otherwise, wait for the pink wojacks and AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA's and you'll know we've hit bottom. Likely around the $21-24 level for silver, $1860-1900's for Gold. I'll personally be leveraging up and buying and some of the following juniors I don't already have.

Metallic Minerals
Aftermath Silver
Defiance Silver
Avino Silver and Gold
Aurcana
Abraplata
Mountain Boy Minerals
Silver One
Bear Creek Mining
Golden Tag
Impact Silver
Almanden Minerals
Dolly Varden
Defiance Silver
Kootenay Silver
Golden Minerals
Reyna Silver
Euro Sun Mining
Gowest Gold
GoGold
Troilus Gold
Americas Gold and Silver
Strategic Metals

>>21280662
>this used to be $8500
Fuck man

I only own like 80 oz. Will I be fucked when fiat goes tits up?

>>21283328
Already have almost 100 oz and I want to get into some mining stocks. I think silver is a good bet but those stocks will go triple vs physical silver price. Id just use the profit to buy more physical.

>>21283280
You guys need to make a less shitty bear meme
Literally just an ugly pug version of an already retarded derivative of pepe aka apu
A derivative of a derivative and it looks like shit

>>21280919
>rational thoughts

>>21283324
Now show Canada's reserves. Damn that little retard boy Trudeau fucked up leafs

>>21283412
Ah aurcana that was the name I was looking for. Would it be stupid to use my entire $1000 mining budget on this one boys?

Who has the cheapest mercury dimes around? Monument? Theirs look nice but its just a stock image, I dont want to buy thinking they look that good and I get some nasty cull shit with missing silver and smoothed out details.

>>21283412
Why those miners?

I already own

Aurcana
Silver One
Dolly
Kootenay
Golden Minerals

>>21283420
Silver is the future. GSR is way larger than it should be and when it closes it will do so fast. Also DONT SELL

>>21283412
Are any of these on the NYSE?

>>21283414
No. You'll become a landed gentry.

>>21283471
yea were truely screwed. We sell all our gold as soon as it arrives at the mint, no nest egg for bad times, its all gone.

>>21283490
diversify on them, dont go all in one one. Add a bit of Dolly or Mountain Boy Minerals too.

>>21283312
You probably won't like my response, but if I were you I would cash out on as much crypto as you feel comfortable leaving, then head to your local coin dealer and buy silver.

>>Why leave crypto?
Because it's more of a tool for active/day traders that hedge short-term patterns. In this economy, the patterns are going to start becoming harder and harder to catch, so to take a break from volatility, crypto millionaires are going to liquidate their holdings en-masse into one of the 3 asset classes: bonds, real estate, or physical precious metals. The first two are losing propositions presently, which only leaves the 3rd.

>>Why silver?
Ratios are important and have a historical trend associated with them. We know that historically when two of the most major adjustments have occurred 1920-30s and 70/80s, the ratio bounced close to 15:1 on silver and today the pseudo-spot price is 75:1 silver. Not withstanding the spot price being bogus, it's all we have right now as a general indicator. So comparing spot-to-spot (gold to silver) just stay in physical silver until the ratio is closer to 35:1 or lower and then diversify back into physical gold little-by-little as the ratio closes. Also depends by then which metal appears to be most fitted for wide use in world affairs. The relationship between gold and silver might actually invert, in which case I'd stick in silver for the long play. While the ratio consolidates, keep in mind both gold and silver prices may rise. I'm only talking about the relationship between the two prices.

>>21283147
no, they did not say that. Please... I really hope nobody is this willfully NPC

>>21283408
We are already at war with China. Economic warfare, cyber warfare, espionage, subversion, infiltration and cultural warfare in an all out bid to destroy and subjugate the USA. Many of our (((politicians))) are working for China to destroy us from within. They fund BLM, antifa, hollywood, academia, silicon valley and other kike projects.

We are in a new era of warfare, and kinetic war between superpowers won't happen due to M.A.D.

>>21283378
*smiling bigly*

>>21283490
High risk even higher reward. I already have the stock actually but want to add to my position. Production coming up next year very likely. 5-10 bagger. One of the favorites in the junior silver speculators space. If you only have 1000 I'd probably split it between Aurcana and a lower risk producer.

>>21283522
Variety of reasons. Mostly they're all very leveraged to higher silver and gold prices. Some will begin producing next year or soon and will get re-rated.

>>21283538
You gotta do some work yourself...

How am I supposed to take a day like today?

>>21283471
Trudeau betrayed Canada and made you a defacto vassal state to China. I am sorry leafs. But the USA will probably end up annexing you in Trump's 2nd term.

>>21283652
you forgot one of the chinks preferred methods lawfare. They don't actually care about the law but will wield it as a weapon against the US where idiots still think its important and ignore it when it benefits them.

>>21283579
Hello Pan
Which junior do you feel is the most undervalued right now? Which major minor?

>>21283412
How much do you generally put into these smallcaps?

Can't really afford to spread myself that thin and still have something to show for it.

>>21283312
Also failed to mention an important part, for every transaction there needs to be both a SELLER *and* a BUYER. When all the crypto millionaires exit ship, that'll have far more leverage to drive down the price and still retain some sort of margin. Any buyers will scoop up those low prices and you will have difficulty selling yours while retaining profits (if any). Once the mass exodus begins, in one day you could literally be screwed. One of the reasons crypto is so hyped is because lots of guys are holding mined coins and want to exit but have to be cautious about it. If they exit on a pump the rest of their coins are safe. If they exit prematurely, there may not be enough buyers by the time they sell all of the coins to remain net positive.

>>21283579
Noted, thanks, I'll go 33/33/33

>>21283625
I mostly just hold bitcoin as a long term hold, I really can't see it losing value if the economy crashes, but I know physical silver is a pretty good bet as well. As of right now I have around 80oz of silver (I think that would be a little over 2k) then half a bitcoin and a thousand $ of shitcoins. I'm already taking some crypto and investing in mining, I may wait a few days to see how much further silver will drop then order straight from online using crypto another thousand dollars worth.

>>21283642
Honest to god but it gets worse. This conversation also touched on the riots in the USA. I told him that a good place to get the real story is just by watching the many live streams of the events. His, and another NPCs, response was that the live streams might not tell the honest story of what happens so its better to get someone else to tell you.

I have lost so much respect for the avg Canadian (I am not Canadian myself)

>>21282564
>to convert into PMs land

>selling

anon I dont think you understand what selling means

>>21283851
>live streams might not tell the honest story of what happens so its better to get someone else to tell you
Those are some good goys.

>>21283782
Depends on your strategy. You can do it like Eric Sprott and spread yourself completely thin knowing that mathmatically the few big winners in your portfolio will more than cover your losers and average performers. So like 4%-2% of your portfolio in each name. I have a mix of this and some names I'm more comfortable with in holding 8% or so of my total portfolio.

>>21283699
Take it in the ass and be quiet

>>21283420
BHLL niggers

>>21283904

It's actually a popular myth that Sprott spreads himself thin, or "puts bets on everything." Most of his money is invested in only a few companies: Wallbridge, Discovery Metals, Novo, Dolly Varden, etc. The other 50 or 60 he barely has any money in. And that's the other thing. He's only in about 60 companies. I own more companies than Eric Sprott does. He is very selective.

>>21283412
How do you research these pics anon?

>>21283851
so you'll get a better version of the events from a secondary source... I mean they even teach this in public school, fuck

>>21283414
should probably carry some paper with you as well, it's lightweight. Just in case the dollar milkshake is bullshit, maybe some Euro. I don't think people are familiar enough with Yen or kroner or whatever.

>>21280809
Man you guys really think all these guys are part of a silver based plot to ruin your lives or something? If JPM suppressed the prices, it was a gift.

>>21283523
>my silver stays super illiquid $1000 EOY NOT SELLING

>>21283579
Pan Man you compile your research on these into a document or something?

I'm not sure I'm in the right places. Just got absolutely BTFO today even in the "safe" major miners. Shit, I mean Barrick even reported a good quarter and got annihilated worse than the other majors.

New Range, fine, I fucked up. MUX, fine, it's a gamble. But Barrick?

>>21283816
I respect your opinion and as long as your risk is mitigated through diversification I'm sure you'll be fine. However, respectfully I disagree on the point you make about crypto not losing value. Your bitcoin is already controlled to death (size cap) and also over 50% of servers are in the hands of a few. That worries me a ton, although I generally don't blindly trust anyone so that's a personal problem of mine. I'll lay this out in one more attempt to convince you:

Your belief in holding crypto and remaining profitable is hedged on your faith that the other holders of crypto agree with your position and aren't pro investors in asset classes. I don't believe anyone can make such an assertion, so for that reason I avoid it like the plague. What I mean is, how do you know a bunch of other crypto holders decide they need stability and are OK with cutting lose to move into other areas? You might be OK sticking around, but as soon as they move, it will indirectly affect you in a big big way. Just keep that in mind. Don't be left holding the bag.

>>21283880
Yea..it's really really fucked coming here from a country where people think logically and are critical of "authoritative figures". Me and the fiance are planning to leave when she is done her grad school. There are some smart Canadians but they are few and far between and get attacked by NPC for simply questioning obvious propaganda. I'm sure the two NPCs at my work are stewing rn that I'm not a good goy.

>>21283867
I do... I meant selling for fiat's

Buying land/horses and virgins is perfectly reasonable

>>21280919
Not that the jews control anything...

>>21283986

Newmont is one of the easiest ways to show how absurd the selloff is. They are not only an enormous gold miner, but the world's largest silver producer. And yet they are lower than they were in mid-May, when silver was $17 and gold was $1650. The mining stock sell-off is one of the most absurd things which I have ever witnessed.

>>21283986
this, as much as we like to shit on paper it's good for day trading. put on some shorts for PMs and spend the gains on more physical when it dips

>>21283851
lmfao, the absolute state of the normie.

NPCs fundamentally lack truthseeking. Evidence is either true or false based entirely on who said it. These people can't scrutinize information for validity themselves, and must rely on a third party to make the assessment for them. They completely outsource their thinking to their pharisees on TV.

Clown world can't come to an end soon enough, my brain can't handle living in this irrational hellscape opposite world, where everything is chaos, much longer.

>>21283935
why BHLL and not other names like Dolly and Aurcana

>>21283961
Shit the more you know. Thanks for correcting me.

>>21283972

I look at their investor presentations, look at their share structure, major shareholders, CEO.ca, look up what experts in the sector have said about the company, watch Crux interviews, read their charts, project pipeline, financials. I'm no expert I just info aggregate from all the experts.

>>21283989
So do you think I should go 100% in on physical silver? You make a good point and I've been in crypto for a few years and see how manipulating it is. I still kick myself for not cashing out when I turned 1000 dollars into 65000 with nano (formerly raiblocks). So I am aware that I don't sell a lot of times when I should. I just think that having bitcoin is better than having cash right now and I dont want to put all my eggs in the silver basket and potentially watch a bitcoin run up to 100k or even higher during a complete economic crash. I see your point I really do it's just tough for me because I think in the long term bitcoin has a pretty good chance of continuing to increase in value. I also am well aware of the small amount of wallets holding the vast majority of coins, so what you describe is an acute possibility for sure.

>>21284102
Cool thanks for the response

>>21284020
>>21283523

Will the whore:virgin ratio collapse along with the GSR?

i'm bullish on pm's, but what rally are people talking about? silver fell over $4 in a 24 hour period, could only recover $1 of that, and has lost most of that gain. a pullback was expected, but this was an absolute clobbering.

>>21283904
I personally use the Pareto principle. Has always woked for me. That seems to be Sprott’s strategy as well beside his obvious ability to push price up just by being involved in some of these lower cap concerns with average to decent economic project potential.

>>21283986
still not selling

>>21284076
Yup. These two I mentioned literally get some of their news from John Oliver. They probably bring up Olivers perspective on Orange Man Bad at least once a week

>>21284128

If you believe in Bitcoin over silver in any way, consider two things:

1) BTC has absolutely no use-case. It is completely worthless for transactions, and even the LN (perpetually "two years away") could service only 0.1% of the world's population. BTC can only function by tracking and tracing everything you do on second-layer software. This is why Mike Hearn left the project in disgust.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

2) It is very likely that Satoshi is Adam Back, the head of Blockstream. This would imply that crypto was not simply a pure project which was later corrupted by the bankers; it would imply that crypto was a banker creation from the beginning, probably to serve as a distraction from gold and silver, as well as to enslave people.

https://www.youtube.com/watch?v=XfcvX0P1b5g

>>21284173
The sucker's rally like Schiff likes to say

>>21284169
make sure you ping test your pussies anon.

Dont want to get some fake chicom vag or milk spots


Who else

BOUGHT THE DIP™

So if silver has to touch the 200 day moving average before the moon mission starts, where will that end up? $20? $21? $22?

>>21283412
>Way too many johnny come lately's with weak hands and no fundamental understanding of the PM's market need to be shaken out.
Have fun bagholding for me while I wait for this dip to finish, Mr Strong hands.

t. lucky fuck who sold premarket friday

>>21284246
i bought some miners

>>21280112
Based Rasczak

>>21284173
We've gone from 1700 to 1900 without a significant decline. Then broke past 2000 to 2070. Relative to that, yes, this is a pullback.

>>21283005
HAHAHA, YOU FOOLS, YOU TRADED YOUR WORTHLESS PAPER FOR REAL MONEY! YOU FELL FOR THE OLDEST TRICK IN THE BOOK, WHAT A BUNCH OF MORONS!

>>21284233
Thanks for the gravy i'm going to watch the Satoshi video now I've never heard that theory, but it would make a lot of sense that it's a glowie project.

Are you all in on physical silver or are you diversified in mining, paper or anything else? What turns me off is how illiquid physical is, as well as the risk of someone stealing it and the premiums you have to pay on it. I will strongly consider selling off some of my crypto for silver, I just need to decide whether to go all in on physical or get some mining companies as well.

>>21284173
Shorts will have to cover.
Obvious bank manipulation if you watched the action today. Spoofing was off the charts almost literally.

>>21284038
>Newmont is one of the easiest ways to show how absurd the selloff is.

Unless they aren't handling the pandemic well, have workers getting sick, having to shut down mines because of government shutdowns or because of infections, etc. Even Barrick has that annoying thing where the New Guineans or something are flipping on their mining agreement.

>>21284203
>still not selling
me neither, that would mean realizing costs to pay a dealer and taxes

>>21284128
You are mistaking the economy for the monetary system in your assessment.

>>21284334
>real money
>Can't be exchanged for most goods and services without an intermediary: actual currency

Pretty shit trade if you're paying up for ATB's then the market gets cut in half. Doesn't matter how many dollars they're printing if you'll only need half as many dollars to buy rock just weeks later.

>>21283494
You know the point of silver dimes is to get silver as cheaply as possible right?
If you're gonna worry about numismatic value just buy a BU coin
Heck they probably make 100% silver coins that look like mercs but are made a year ago and have never been touched

>>21284244
Who knows short-term but no doubt that this bull market has a long way to go.

>>21284341
So, hold or sell my SILJ and PSLV?

>>21284339

The Adam Back theory is both old and new; you will be highly impressed with all the work which Barely Sociable put into discovering so much new evidence. I consider it to be virtually conclusive.

PSLV and PHYS on the stock market are liquid, and trustworthy if you trust Eric Sprott and Rick Rule, as is allocated metal which you can buy on BullionVault (only 0.50% fees, as on Coinbase for crypto).

Almost all my wealth is in junior silver miner small-caps. Like Eric Sprott, my largest position is Discovery Metals. 25% of my wealth is in bullion, but the mining stocks make up almost all my net-worth. I am all in on silver and silver miners.

>>21284491
Forgot this

Are you all ready for SLV to hit 30 by the EoW?

>>21283471
Truth but remember Harper started the sell-off. All our parties (except PPC) are against Canadians.

>>21283714
>But the USA will probably end up annexing you in Trump's 2nd term.
FUCK PLEASE!

>>21284438
>>21284438
>>21284438
>>21284438
>>21284438

>>21284444
>implying any dip will last for more than a couple of weeks

>>21284246
I didn't have much cash to covert but I did what I could with what I had.
If only I had not purchased that gold sovereign before the dip.
AAAAAAAAAAHHHHHHHHHHHHHH!
ok that scream felt good and now it is out of my system.

>>21284102
Sprott capital helped them raise a shit tone of capital to reopen the 5th biggest zinc/lead/silver mine in America and 20th in the world.
When this shit moons....$5 will be great but $22 is going to happen if silver stays above 28

>>21284128
Checked. You sound like you get it, that's the first step. Now try to emotionally disconnect from FOMO and make the transition to silver. Your family, whatever children, and their children may benefit greatly from any long position. Imagine only having to transact an ounce or two once or twice a year to make ends meet. Could literally happen at some point.

>>21284510
>The Adam Back theory is both old and new; you will be highly impressed with all the work which Barely Sociable put into discovering so much new evidence. I consider it to be virtually conclusive.

It's total bunk. So much evidence is completely left out of that video, and a carefully crafted narrative with very select facts are cherrypicked to fit with Adam, when there is literally mountains of evidence against it. Adam Back is like the opposite of Satoshi in both goals and methods, anyone who knows the history of Bitcoin knows this.

Satoshi wanted digital cash - Adam wants e-gold
Satoshi wanted scaling on chain - Adam wants tabs and lightning
Satoshi wanted big server farms - Adam wants raspberry pis
Satoshi wanted micropayment capability - Adam celebrates high fees
Satoshi wanted instant payments - Adam disabled it
Satoshi wanted a protocol set in stone - Adam fucked the protocol beyond recognition
Satoshi wanted Gavin to carry the torch of Bitcoin forward - Adam kicked Gavin out

Just to list a few. Adam is a kike subverter hired by the CIA/MOS to prevent Bitcoin from ever scaling.

>>21284825

If Satoshi really cared about Bitcoin, or held lofty ideals, he never would have disappeared as he did. We can reconstruct a persona from looking at his previous messages, but the fact is, Adam Back may have merely pretended to be one person with Satoshi even though he had another agenda altogether. You can't argue with the fact that Satoshi ran off and abandoned everybody. If he isn't Adam Back, he's a coward. And a coward never would have had high principles.

>>21284913
There are many reasons not to want to be known as the person behind, potentially, the world's new financial system where you personally hold ~5% of the total supply.

>>21280334
>make JP morgan sell 100% of their stack.

>>21285054

That hardly makes me respect the man. To leave the BTC project in absolute chaos just so that he could keep his billions safe. That isn't a commitment to a lofty ideal, that's greedy cowardice. I believe that the 2015 e-mail where Satoshi attacks Hearn and Andresen is genuine. As BarelySociable says, the e-mail account wasn't hacked; and it seems to be Satoshi's writing style. That e-mail alone is good enough for me, to say nothing of 1,000 other pieces of circumstantial evidence which come together to create virtual certainty.

>>21282990
More like Yeoman, wasting every Sunday afternoon practicing archery and getting sneered on by every Nobleman from Knight up

>>21283027
>do you ever stop to think that such wildly inaccurate proclamations might be irresponsible
if bitcoin lasts another two halvenings without being comped, it will be the reserve currency of the world, assuming it's not outlawed.

>>21284683
great info I need to check it out