/biz/ - Business & Finance

>>21284438
>mobile stonks edition
>Metal hands edition
which is it?

First for calls on slv and gld tomorrow

>>21284468
Mobile stonks, I did a shitty copyjob from the old thread

How long til the day of reckoning?

So is the general consensus that I should hold my SILJ and PSLV?

>>21284488
4488
4488
4488
4488

Dubdubs for JPOW breaks the printer and forces us on gold standard

>>21284479
I had $3k that ballooned into $15K. If they think i'm not gonna double down on that shit they're out of their minds

>>21284438
Asking again, in a different timezone;

Question: How do you actualy make bank off of this then? When's prime time to sell - mid, late or post crash?
Say I get $100 of PM.
-If I sell mid-hyperinflation/crash, it'll be at it's highest possible 'fiat value', which can then be traded for more of the inevitable new currency.
-If I trade for high-value goods late crash, when the new currency is being prepped and nobody can trade in for fiat, the goods I get (property, land, etc) should be at their best conversion rate to PM; at which point, post crash the assets return to standard (higher) value.
-If I trade for the new currency post-crash, it'll be at a baseline value - but wouldn't selling here just mean I have the same value as the benchmark set for the non-investors buy-in much earlier in the crash (where the value is lower than the mid-crash in fiat)? How would the PM be any more valuable than simply it's original should-be conversion rate pre-crash?

Not criticising, just wondering when to maximise those gainz. nd, >inb4 lol never!!!!!!!, put aside the memes for a second and just answer the damn question.

SLV 35 by the end of next week

>>21284577
Literally never. Buy physical and hold. Don't be retarded and try to play the paper game.

>>21284438
Superior Asian Gold standard edition

>>21284652
no bakes on the gold train

>>21284577
>Question: How do you actualy make bank off of this then? When's prime time to sell - mid, late or post crash?
PMs are not for you, other sports beckon.

>>21284520

I won't be trading in and out. We had sideways movement in SILJ and GDXJ for a month before, and they actually plummeted 18% from their peaks. But both then suddenly soared upwards. We have had sideways movement in the miners now for 3 weeks, and the current plunge is only 13% from the peak. I don't want to miss the next move up, if there is going to be such a move. The risk is to the upside from my point of view.

NEM is the only miner in the S&P 500, and the largest silver producer in the world; but is now trading lower than it was on 22 May, when silver was $17 and gold was $1650. That gives you an idea of how absurdly cheap these mining stocks are. Again, SILJ is now trading as if we had gone back to $18 silver. People forget that we are still at $25 silver.

>>21284577
there is no new currency or dollar 2.0
gold and silver will go back to being money itself
the answer to your question is, hold the metals to preserve your wealth throughout the crash, and when the time is right (presumably the peak PM value relative to land, stocks, etc) trade them for whatever other asset you want to own.
at this point nobody will be holding dollars. it would be like holding weimar deutschmarks, everybody's just getting rid of them.

>>21284685

>>21284468
Neither, it's both.

>>21284520

I won't be trading in and out. We had sideways movement in SILJ and GDXJ for a month before, and they actually plummeted 18% from their peaks. But both then suddenly soared upwards. We have had sideways movement in the miners now for 3 weeks, and the current plunge is only 13% from the peak. I don't want to miss the next move up, if there is going to be such a move. The risk is to the upside from my point of view.

NEM is the only miner in the S&P 500, and the largest silver producer in the world; but is now trading lower than it was on 22 May, when silver was $17 and gold was $1650. That gives you an idea of how absurdly cheap these mining stocks are. Again, SILJ is now trading as if we had gone back to $18 silver. People forget that we are still at $25 silver.

URGENT: Do NOT sell, BUY more, the USD will collapse before end of 2020.

Gold - 5k/oz+
Silver - 500/oz+

>>21284479

Went 03/21 $23.5 call on SLV before close

>>21284713
So I should just suck it up and watch my red numbers for a few days? A few weeks? Months?

>>21284577
If we hit 100/oz I might sell off a small portion to buy a new gun or help pay off the last few thousand due on my car.
Honestly unless its physical asset I am trading the silver for I don't think I will tap in to the stack. Unless I get the feeling that the FED is going to miracle up a cure to their current problem and this is just a normal bull run and not a coll apse of fiat.

>>21284750
>>21284775

If miners and metals do go red, it won't last longer than September. We have

1) COMEX deliveries which will probably bankrupt the paper markets, and send gold and silver to unprecedented heights;

2) An FOMC meeting in which YCC and highly inflationary policies are likely to be announced.

>>21284799
>bankrupt the paper markets
Won't that tank stuff like SILJ and PSLV too? Or will the impending run into stocks after YCC is announced keep them up? I thought the Fed said they weren't going to implement YCC?

>>21284646
>>21284689
You're both fucking retarded. Even Shiff and Sprott are open in the fact that they're accumulating for the crash to sell at; with Schiff constantly saying that the only reason he didn't sell come '08 was because they didn't let the crash properly play out,
It's all well and good using them as a store of value, but the key point is how to minimise your losses when converting the value back into usable barter.

>>21284726
Right, trade for land/property late crash, thanks.

>>21284799
we just had, what, two years of the entire world's silver production "sold" via paper to force this dump

Which has barely lasted 12 hours before being bought right back up again.

LCS sold out 1000oz in 15 min after someone brought them in to sell.

>>21284577
>>21284646

Yea this is pretty fucking stupid. Value your assets vs other assets like real estate to tell when to sell.

>>21284851
>Won't that tank stuff like SILJ and PSLV
It could, but it would be temporary

>>21284917
Honestly it depends on your goals.

If you're holding to build generational wealth, then obviously you never sell. If you're holding to help you achieve other goals, then selling at the right time is the goal.

>>21284851

If the COMEX went bankrupt, SILJ would soar to levels we can hardly imagine. The price of real silver would double or triple overnight, because silver would become completely free from manipulation. All the fake paper ounces would disappear, and there would be true price-discovery. Now these miners are producing real silver ounces; we know they have them; they can be relied on, unlike the fake paper markets. Some, like FMS, even want to pay a dividend in silver. And when you own a miner, you are buying a share of those real ounces.

>>21284877

Yes. See picture for those who are not aware of this. Craig Hemke explains how the scam works: https://www.youtube.com/watch?v=9EOPKizJ_Y4

>>21284488

>>21284729
>photoshop to make reality seem even less good by comparison
2d already does that well enough, no need for CGI asian dumptrucks

>>21284989
>If you're holding to build generational wealth, then obviously you never sell
nah you could need liquidity to start a business or buy land or something.

>>21285028
Can I get a link to FM thinking/doing dividends in silver? I was considering buying 500 shares just for the 50 cent discount.

>>21284799

Based and based-based.

>>21284577
Dont sell during hyperinflation lol. One ounce of silver was 1 month of food in Venezuela. The advantage of physical PM is you can trade at a huge advantage where no currency holds confidence. Guess what, PM is money not fiat - people has eternally respected gold and to a lesser extent silver.

The new currency will have to gain confidence. People won't liquidate assets into this new currency until transactions happen. If its gold backed, congratulations you literally multiplied your money. This occured when FDR collected gold from Americans (confiscation is not correct IMO), re-pinned USD to gold, and lifted the value of gold.

If the new currency is a crypto not backed by gold, it will have weaker than claimed purchasing power initially, and that may be signal to liquidate some PM into this new currency.

Watch belangp videos about why 30% of your portfolio should be gold, it outperforms bonds because it is inversely correlated with stocks/economy.

also if you are gonna post asian bums post nice ones at least...

1800 and 24 incoming.

JUST

Can I buy blowjobs from formerly well to do house wives and their daughters with roosevelt dimes or do I need mercury dimes?

>>21285159

I wish I had a timestamp to give you, but I can only say that Dave Kranzler alludes to the FMS silver dividend in this conference call, which goes on for an hour and a half:

https://www.youtube.com/watch?v=Sdkx6eE2jWY

It's at the same point where he observes that Homestake Mining used to pay a dividend in gold.

>>21284438
>imagine holding paper not physical you can fondle.

>>21284488
i maed dis 4 u

https://streamable.com/mlhapg

Yesterday was not the best day to buy 4 platinum eagles. Whats the most public and messy way to end it all?

Good fucking morning. $24 silver. Lets get low. COME ON! If it gets Below $25 again ill buy 3 tubes or krugs.

>>21285230
good, more chances to buy up.

>>21284860
Doesn't Sprott have contracts worth 1.5 billion of silver that he is taking delivery of in September?

>>21285255
second on left with blue shirt is beautiful. How much silver will she cost when it all fails?

>>21285184
massive inflation and massive deflation (aka crash) are psychological phenamenons. That's Jim Rickard's wisdom. When your grandma realizes the 1000$ under her mattress could buy 2 pounds of beef, she'll try to spend it immediately, further perpetrating the on-going inflation. If hyperinflation happens, you are super advantaged with PMs.

In a market crash, gold (not silver) drops in price as well, but its about what you can trade for it. you want to sell the asset that changed -10% for one that changed -70%.

Of course what may happen is a crash in assets that lead to hyperinflation in consumer commodity, if we believe the BRRR money is pent up in stocks.

I'm buying the physical dip this week on payday for sure. But pic related is how retardedly bullish I am. I figure 6 dollar loss at worst, God only knows at best.

>>21285291
become president then decouple your currency from gold and run up $27 trillion of debt

Guys my mercury dimes look weird...

>>21285401
scrub them with bicarb soda and a stuff brush and see if they change,

>>21285401
Clean your desk you heathen

>>21285401
>>21285255
What is the value of mercury dimes? I only know that silver is the poor man's gold for pm.

Just got my weeb metals in the mail. While today may be red these coins are green and this stacklet now has 53 ounces.
WAGMI

What do you guys think SLV will do tomorrow morning?

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>21285710
Keep plummeting just to fuck with me

here we go, down down down.

>>21285159
>>21285269

I think Warren Buffett once bought a company paying out a dividend in cocoa or some shit and arb'd it on the futures market

>>21285790
Retard, why did you buy paper
We told you not to buy paper
I have no sympathy for you

>>21285698
GZ BRO

we're gonna make it

>>21285698
Based weeb stacker
but also AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhhhhhhhhhhhhhhhhhhhhhhhhh

>>21285814
this is the mobile stonks edition of /pmg/ be nice

>>21285255
yeah but it's 2 roosevelt dimes per FWTDHWAHQAD

>>21285814
>We told you not to buy paper
nigger how about we not lie to each other and just admit that there were countless people on here recommending to buy stuff like SILJ and PSLV up until yesterday

>>21285698
nice cybers

Physical has totally decoupled at this point. Allocated is going for 25.50 everywhere on the globe right now

I fucking hate asians

>>21285814
I'm not looking for sympathy you fucker I'm looking for vengeance against the kike bankers

>>21285831
Fuck no, papertards deserve exactly what they get. Physical or nothing.
>>21285868
So, you didn't do the research like we told you to, and now you're paying the price for listening to retards. Again, no sympathy. DYOR, then come back and tell me what you did wrong.

>>21285910
Asians are just slanty eyed jews

>>21285868
SILJ isn't paper silver. PSLV is gonna start trading at a premium based on where allocated is everywhere else on earth

>>21285868
Accurate. Half the people here hating on paper were the people telling you to buy SLV and other stocks. Lmao

>>21285101
That's fair. Ideally the portfolio you pass to your next of kin will still include some PMs. At your death you want to be in assets that are easily transferrable and untaxable. The estate tax will fuck you(r family) if you're not careful.

>>21285910
>>21285967
kys faggot

Sorry lads, I had to do it.

>>21285159
>>21285269

Dividend conversation begins at 22:22 I am lissinin rn ty & yw

>>21285698
>/po/
wow, /pmg/ is getting anons from everywhere... here's another anon's asahi's

>>21284753
rollin for this

Check ‘Em

O NO
ATB BROS WE GOT TOO COCKY!!
SD Bullion has the San Antonio ones back in at about the same price as my canoe coins.
https://sdbullion.com/2019-san-antonio-missions-national-park-america-the-beautiful-5-oz-silver-coin

>>21286036
>easily transferrable and untaxable
hopefully they keep the step-up basis rule in the US.

>>21285277
pretty comfy looking

you guys realize that if it ever hits Mad Max, no ones gonna care about your shiny rocks?? Metal backed currency doesn't mean everyone in the streets are going to be trading with Troy ounces of Gold and Silver... like, you realize that it just means that's what the dollar would be based on as apposed to now where it's based on "dude, trust me"

>>21286026
Bullshit. There are a select few people who said to buy paper, one of which is a literal jidf shill trying to get you idiots to buy stupid positions so that they can manipulate the market in order to steal your money. I have never advocated for buying paper anything. It's your own fault if you bought without thinking it through. The whole paper market is a shell game.

>>21285969
This.

If SLV crashes, PSLV is (briefly) going to fucking skyrocket with a 20-40% premium on top of the raw metal value.

>>21286065
honestly based, I admire your courage

>>21286117
Seething

>>21286065
Please be real.

>>21286149
How much did you lose?

>>21286175
Couple thousand. I'm still green

>>21283781
Shit thread didnt update and I missed a bunch of comments.
I think Strikepoint Resources will be a serious up and comer soon. They hold a high value past producing Porter Idaho silver lead zinc mine from the 1920s in the Golden triangle right outside of Stewart BC. Drilling on their property will likely be amazing but I would still be cautious until we actually see results. Geo buddy of mine showed me some photos of slab samples from surface showings near the old mine and it was solid Argentite so they cant be far from something great.
>>21283986
I have a massive collection of research on hard drives and on cloud that I keep for working in the field, I saw most of the juniors and bigger companies get hammered, but thats not due to them, thats the market being fucked with.

>>21285698
>when you meet one of the only other 7 people on the site who use /po/
Cool

>>21286041
>kys faggot
>t.dumb gook

Fuck slants
Should have done the whole region in during the war

>>21286107
you do realise those here don't only stack PMs right? a fair amount of us should be far better off than you are, dude, trust me

>>21286248
>and they stack fukkin cyber rounds
200% based

Down 600 dollars so far in my PM investments. More if you count the premiums I paid for the physical.

>>21286226
Cool. I lost nothing, because all I have is physical, and it's all still there.

>>21286288
Well, no. My point is there are some people here who think their Gold and Silver are going to be accepted at the grocery store instead of digital fedcoin.

>>21286329
Are you dumb? I'm aware the spot price and share prices are different. But you do understand if the Silver price goes down, you do effectively lose money, right?

Silver is sold out everywhere
You can't find any physical in stock below $30/oz

>>21286359
>>21286364
Lmao

>>21286332
In a mad max scenario why would there still be grocery stores?

>>21286332
Well duh, banks own most grocery chains.

About to hit 23 holy fuggggg

>>21286408
If it goes under 23$ floor stacker has to eat his dick

>>21286325
>Down 600 dollars so far in my PM investments
no no no. you're up N oz in your PM investments. Congratulations for exchanging green cloth paper for savings that historically represents about N weeks of middle class wages.

Is this some kind of fucking record?

make it stop
please

>>21284643
Why?

>bullionvault is charging $5 more per gram of gold in NY and $3 more per gram in Toronto than they are everywhere else in the world

hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

>>21286235
The hole you were digging in, those were nice looking clasts, the dirt looked really sandy as well.

Are you on glacial till?

FOMOed into my first oz of Gold over the weekend, impeccable timing. That being said, I am a metal marine, and I am NEVER. SELLING.

>>21286441
Well, guess he has to eat his own peeepeee now. It hit 23.98

>>21286520
GOOD.

I CAN LOAD UP MORE GOLD.

CRASH TO $1500 AND $15 FOR ALL I FUCKING CARE.

BEEN SITTING ON A BIT OF CASH DUE TO UNCERTAINTY. I'M READY TO HAVE A BIG BOY STACK NOW.

25 oz gold and 150 oz silver ain't good enough for me.

also i'm larping. i hold no physical metal.

>>21286543
like this guy?

>>21286520
fuck i am so sick of market manipulation when does this end.

>>21286457
I bought 2.1oz gold and like 40oz silver. At basically the high. But, yeah, over time I'd like to trickle more into gold and silver each year, like maybe buy a few oz gold each year.

>>21286557
Good lad. You're gonna make it!

>>21286561
Under 23

>>21286576
They heard the goyim were getting cocky and wouldn't have it

>>21286561
Technically that’s not under 23 so he’s in the clear. We might be about to go even lower though

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA I LITERALLY BOUGHT THE TOP I AM FINANCIALLY RUINED NOOOOOOOO

>>21286570
Great minds think alike
http://dickening.com/

>>21286543
He should of precised CAD, on the bright side he'll get to stack more.

>>21286557
Me too! But we won't sell low!

>>21286585
>Implying the kikes wont drop it to 19.99 by 12am EST

>>21286576
Read about this guy named Adolf Hitler. From what i've heard he had some good ideas.

Keep droppin gunna buy that big boy 50 oz bar

>>21286550
yea its the base of a set of glacial moraines next to a small set of freshet streams coming off a wide gulch, not much gold in the surface material, but i got down about 5 ft deeper and was getting flake gold. The gold however only appears around the edges of each moraine, nothing under or inside them.

fuuuuuuuuuuuuuuuuuuuuuuuu

>>21286071
ty

>>21286579
Thanks frend. 1oz gold, 100oz silver, plenty of lead. I'll be just fine, and am literally never selling my metals, never intended to.

>>21286359
Silver and gold are money. I have the exact same number of ounces right now that I had this morning. I would have actually bought more, but premiums are still high and decided to buy more miners on the dip.

My gold and silver, measured in God’s money, is unchanged.

>>21286634
Imagine being naive enough to think that dealers will immediately drop their prices to help you stack hard during dips lol.

If you’re lucky they might give you a 20c discount for every $1 the market drops. Maaaaybe.

And it's dumping again. It's over this time isn't it bros ? 29 was the new top and of course i bought it there. There's no winning for me i will never make it

>>21286520
Guise I think they fooled us again. I wonder
how much (((they))) stole with this fake rally
Fucking dirty cunts

Why are they allowed to manipulate the price like this REEEEEEEE

>>21286594
i just want stability dam it! is that too much to ask??

>>21286624
Just stack more

>>21286689

>>21286576
>>21286594
I don't think this ends well for anyone that would be obligated for delivery. they're going to get absolutely raped. I'm personally rushing to build the stack and hopping out of miners to finance it. I can always get back in on miners. I have no idea how long I have to buy physical. this absolutely will not end well.

>>21286607
I just wanted to post john being a pero-rist

ITS GOING TO THE LAST SUPPORT
HEEELP

>>21286678
Relax. Half of my buys are somewhere around $28 silver and $2000 gold.

I wouldn't be surprised if we are back to that level in 7 trading days.

silver just conveniently drops 25% in a day

i'm sure that's from all the stackers trading in their bullion at the local coin shop, right?

>>21286702
Oh I will fren. I ordered 25oz

At a certain point here a couple hedge funds are just gonna back the truck up. All the estimated fine silver in the world at Comex spot is worth, what, $60 billion?

>>21284438
I bought in at 24.5. Let's see if I bought the bottom.

>>21286520
This is the correction we've been hoping for.

>>21286753
Best of luck to you fren. Best of luck to us all God bless

>>21286724
Can't find a mercury dime for your life
But the shit is supposedly tanking in value

>>21286630
If only the holocaust was real. We would be living in Utopia.....well...shipping in all that "farm equipment" kinda fucked that up too

>>21286724
no, i think it's COMEX breaking and people are dumping contracts because they won't be able to get a full delivery. I need to find the numbers to see what we can estimate a contract actually represents, since it should be fractional. Spot is just along for the ride and the dealers that don't update their pricing are going to get fucked. I am about 70% sure that buyers shouldn't stop. this is a mega dip that will only happen once.

its just because someone deemed it wasnt time yet https://www.marketwatch.com/investing/index/dxy

Please just give me $20 eagles again........

>>21286689
>>21286685
It's not even the bond yields either. The US 10 year is still hovering at around .64. There literally is no market explanation for this.
Other than jews.

$20 by this weekend lol

I’m sorry for any of you guys who listened to paperfag, you don’t even get to keep the shiny rocks, you just bleed money for literally nothing

>>21286777
Silver contracts are 5000 toz
Gold contracts are 100 toz

>>21286685
Because they own the goverment

>>21286678
>>21286721
We don't know that. I talked my dad into buying silver at $27 about 9 years ago. He waited 9 years
to break even...for one day

>>21286779
It's not proportional to any more traditional measures nor expectations. We are very likely watching something fucking huge unfold. The magnitude of the move in silver is too big. I would be very surprised if this isn't manipulation or panic selling that's moving spot.

>>21286812
>Silver contracts are 5000 toz
how much of open interest do you think can be delivered? 1/500? 1/100? We need to find the number. It should predict the price.

>>21286775
You think hitler would have tolerated them looting the local beSSt buy? not a chance

>>21286792
dxy is up .17

>>21286779
That measures the US currency against other currencies anon. Doesn't really track inflation/deflation well.

>>21286777
Allocated is selling off too

>>21286843
Even tho we know the value of USD is toilet paper in the future, the rise in dxy makes the lemmings think it is a better hold over other assests such as gold/silver

>>21286853
what does this mean?

>>21286853
I'm going to dismiss that it' probably automated. Spot moves with highest volume front month and might be moving everything (except for our stacks).

LOL at all the pink wojaks in this thread. True silver chads smile when the price goes down because it just means you get to buy more.

>Silver is a long term hold anyway.
>Fundamentals haven't changed. Silver still most undervalued asset on the planet.

>>21286888
I think it means that our dreams about force majeure are going up in smoke

>>21286888
This means they are dumping their contracts so no one has to deliver, because it may be we are correct, in that, they may be unable to deliver as they dont actually have the metal

>>21286107
>commodites aren't worth anything
Wew

>>21286359
>But you do understand if the Silver price goes down, you do effectively lose money, right?
Only if you sell.

My only regret is buying an extra 1/2oz of gold at 2020

>>21286639
i learned way too late in my life that I fucking love rocks.

>>21286922
i'm holding but this not good today

I just bought 75 krugs. All the sellers in australia are getting low in stock and i would much rather take this dip and actually get them than have it go deeper but have no stock. I need to roll a coffin nail and just relax.

IS THIS THE DIPPP??
Do I finally buy a tube of krakens for ~$29/oz????

>>21286520
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

I BOUGHT THE TOPPPPPP

>>21286922
>True silver chads smile when the price goes down because it just means you get to buy more.
Start peering in boomerfren. We might almost completely decouple physical from spot or see a default imminently.

>>21286922
Based and checked

>>21286777
Checked

>price drops
>can buy more
>price rises
>stack is worth more
I am 0% mad.

>>21285277
How many GBP for a merc

>>21286979
durries are bad, chew dip instead

Does this mean default is actually happening or it’s not happening anymore?

I see a lot of you guys talk about stacking for generational wealth - for your kids and grandkids etc. and that you never really plan on selling
As a selfish poorfag zoomer who only cares about making maximum profits from my investments so I can hopefully afford a house before 30 and retire from this clown world/generally get away from people, are PMs not for me? They seem like doomsday insurance more than anything

>>21286922
Capitulation is near

>>21287052
Try memecoins fren

>>21287045
The happening is continuing but they are raising a smokescreen to make you think spending your money on PM is unwise

this was the first thing i ever invested in

>tfw holding SLV and got raped today

i got physical and miners too but goddamn today was my biggest single day loss in the stock market. i'm like 5O% gold/silver. gonna ride it out but goddamn what a kick to the balls

Anyone trading options on SLV?
What do you think should I pick up some calls with a strike price of 23.50 on the assumption it will continue its upward trend within the next few months or is this going to be going down for some time?

>>21287005
>price rises
>Priced out
>price drops
>Panic, sell everything

>>21286888
Full 100% interest in specific bars is selling off too. Silver is going for around $25/oz ask and gold is going for around $61/gram ask. Best case scenario like the other guy said, it's automated selling trying to make the spread on deliverables. Allocated silver was selling around $29 at midnight and gold was at $2020.

We took the escalator up and then the laundry chute down, frens

>>21287045
I don't know if it's a default but something is happening. Yes, we could be reverting to the trend before the liftoff, but the movement is absolutely absurd. The magnitude is so big that I'm thinking a screw might be loose or this is the final closing of shorts. We definitely need to watch.

>>21287131
Buy high, sell low!

>>21286777
>>21286888
>>21286999
Jesus christ, triple checked

>>21286065
RIP

>>21287118
>5O%
>O
O 0

My 1/10 oz gold I ordered is $25 cheaper than it was on Sunday.

I technically can’t cancel my order but how do I guilt these kikes into letting me cancel and reorder for the lower price?!?!

>>21287085
I've built a pretty valuable portfolio of memecoins this year. At what point should I start scaling into silver if my goal is short to mid-term rather than long term?

>>21287127
>Anyone trading options on SLV?
Yeah, i was up about $15000 on my $22 Sep 18 calls yesterday. Don't even want to look anymore.

>>21287052
Does it not seem like doomsday is unfolding now?

>>21287174
You don’t, not without them taking a penalty usually. They can’t encourage or even allow people to play the markets while orders are in the process of being fulfilled for obvious reasons.

>>21287147
I’m unsure how to proceed. I doubled down on miners today after the dip. I have miner calls. I have several large physical orders still waiting to ship. I guess I can just dump the last of my fiat into PSLV since I don’t have a lot of that and I can benefit from the Next move up.

1.776 billion oz traded today, expect more volatility, hold fast, stackem' to the roof

>>21287061
What do you mean?

>>21287036
It's banned here I'm pretty certain. Unsurprising really.

>>21286065
doesnt make sense how is the cost $224 and the market value is $22k? either way its going to zero but im just curious

>>21287188
>tfw

>>21287161
Fug

>>21287260
chew port royal like i am right now

>>21287220
Social discord, political unrest, low community trust and looking down the barrel of a great depression 2.0. It's looking grim and I have a few ounces, but 98% is in other assets still

>>21287276
JUST financially ruin your shit senpai

>>21287222
That doesn’t help

Uh, guys, I don’t feel so well...

>>21287166
my zero key doesnt work

>>21287258
if it breaks 23.15 its confirmed bearish I think

>>21287252
What does clearport mean?

>>21286081
Obligatory

>>21287265
$224 per share. Put is for 100 shares.

There were several dips the last few weeks, they all got bought up immedieatly. Billions of dollars of "silver" bought today and it's still dumping.

>>21287329
asashi are the best rounds for clinking.

>>21287313
perfectly normal market behavior

>>21284776
Based long game survivier

>>21287325
Its a cleaning house the comex uses for OTC transactions if im not mistaken

do you think we'll ever see negative silver?

>>21287161
Dont miss the dip

>>21287251
I'm financing more physical.
I'm swinging between miners starting tomorrow. I'll be doing it in such a way that I should be able to hurt a lot less than if i wasn't moving things.

>>21287391
No. A single oil warehouse could probably hold JP Morgans stash.

People forced to take delivery of Silver? Holy fuck sign me up cheecho

>>21287313
I want it like it's 1990's again so I can stack again

>>21287161
Yeah, I think it's happening.

>>21287386
>>21287386
How much does comex stand to deliver in september?

>>21287408
Just bought a 100 corona coin, feels good man.

>>21287276

Should I buy this now? Is silver done?

>>21287432
it's my wet dream for it to happen
again only a dream though.

>>21287454
Funny how Bix Weir and Chris Duane were both
silent today. At least Schiff had the balls to make a video

So what happens when Comex doesn’t deliver next month?

Just imagine having bought SLV lmao

>>21287454
532 million oz in the open interest, down 56 million since this morning

>>21287329
bought the dip with my first four asahis.

really nice, Ill have to take a pic with them out of the condoms

>>21287512
Hedge it so you buy 20% of what you can for now.

>>21287536
They will just kicked the can to 2030. COMEX will deliver and then physicals will tank like it is right now. The economy is picking back up

>>21287513
Bear in mind the LBMA mofos could indeed press a button and we'd see spot zero. But at that point the physical delivery is absolutely done. Hell miners would have long since stopped producing/consolidated/nationalized. The ability to purchase retail product would be a thing of the past.

So! Get em now.

>>21284776
buy the gun, fuck the car. You owe that money in dollars which might be worthless before you know it.

>>21287558
How many ounces did schiff say he was taking delivery of?

>>21287536
Stocks will crash more than the armaments that were hit in the middle east.

>>21287550
I was hoping to use the gains to buy more physical. At least I didn't buy any calls.

>>21287566
Them bars were nice. Have a few stashed away somewhere.

With silver dropping like this, doesn’t it only embolden people to buy it this cheap and stand for delivery?

>>21287613
I was thinking about buying puts Sunday Evening, I also bought calls today so.

Alright bros I pressed the button. Is Money Metals Exchange legit? I just paid them a retarded $30.36/oz for their starter kir, so I can get my first ASE, Leaf, and fractionals!!

Tell me if I'm being a retard. Link for others who might be interested:

>https://www.moneymetals.com/radio-check

>Silver Starter Kit -- Employee Price -- Containing (1) American Silver Eagle, (1) Canadian Silver Maple Leaf, (1) 1 Oz Walking Liberty Round, (1) Half Oz Walking Liberty Round, and (5) 1/10th Oz Walking Liberty Rounds

>>21284438
is it worth it to buy 1 gram gold ?

>>21287597
I have no idea, I can't stand to listen to him, I get it. But fuck. Just hop on board with the destruction of the dollar already. I get that all of this shit is bad economic policy, thats the fucking point.

https://www.youtube.com/watch?v=8xIDhM366YM

Found this beautiful video guys. Wanted to share as we`re all wondering the same thing.

Not a single resistance yet. Sub 20 tomorrow. 30% drop suggest silver is just another shit coin that got pumped.

>>21287550
>mfw these fukken morons bought paper

>>21287623
I actually have never seen the small bars before, are they rare? like em better then the rounds... 3/4 that I got are even sequential

did I just get some numismatic value?

>>21287127
I think this would scare off alot of would be buyers looking for a hedge against inflation, but what's the alternative? I'm thinking steady downward trend from here out to the near future absent big news, which is very possible. Hope I'm wrong b/c I bought some Oct and September calls yesterday like a chump.

>>21287653
i mean youre kind of a retard, its all private mint so its basically generics

>>21287668
I'm not wondering, ill never sell for fiat

>>21287631
it's like a game of chicken I think, institutions dont want to be waiting for another mt gox to payout, but they want the silver.

kind of a fucked if ya do and fucked if ya dont type thing id imagine, and if we know it, they certainly know it and are pooping themselves.

>>21287688
Two of my roommates are crackheads and would steal anything of value that I have. What am I suppose to buy?

>>21287707
You`re a retard

>>21287662
If you don't make a habit of it and buy in bulk sure what the hell. A local kid who works at the BK near me got a gram of gold a few days ago. I know because we both do community college econ 101. Told him good job and now fuck gold, get silver.

But if you can afford it, get an ounce. Grams rape you on the premium, but people still purchase them because they look affordable in dollars.

>>21287688
Despite this, i'm still at a profit. I'm just annoying at the this sudden highway robbery.

>>21287583
>This is your brain on normie.
Economy picking back up? What does that mean? How does that have any bearing on the debt to gdp ratio, and our inability to service the debt at rates of much above zero? How does that have anything to do with this debt trap we are in? Whatever you think the economy is going to do, the Fed is going to be instituting yield curve controls and we are going steeply negative real rates. It doesn’t matter if hiring picks up or not, we have structural imbalances that have gotten so bad that rates of 3% will crash all assets.

>>21287723
A house, without crackheads living in it probably

>>21287742
Can't afford that. My net worth is about 100 silver ounces.

>>21287728
or just aware of the history of every fiat currency known to man

Anons I fucked up.
For years I listened to you, I held physical instead of stocks. Only dabbled in the miners.
And I remember when the March crash came. I remember how smart I felt when I saw the SLV at $12 but could sell my bars in forums for $25 an oz. In that moment I knew the truth.
But then I reached my goal stack. 15 ozs gold and 1,000 ozs of silver. And I have a good income, and Trumpbux. It couldn't hurt to take some high risk gambles right? I mean we're blowing out the COMEX, we'll destroy the gap between physical and paper anyways. So I bet $15k on miners and far OTM options (which thankfully don't expire until Jan but still...).
I should have stacked more physical ounces anon. I could be sitting with my silver still reasonably priced at $28 an oz. Instead now like 25% of my stack is paper and subject to the whims of the Jews. Only now in this moment do I realize the magnitude of my folly.
If you're reading this anon, hopefully its in some wonderful future market where COMEX has to reflect the actual price of physical. Heed my warning, and stack physical. Ignore the SLV shills, and if anything only dabble in the miners. Hopefully the stocks recover, and I can sell out and continue to DCA into physical the way I was before, back in the halcyon days.

>>21287741
>rates of 3% will crash all assets.
that seems like you're shooting high. is that a published number?

>>21287764
Before or after the crash?

>>21287693
>numismatic

No, nothing pre 33 is numismatic. Get that out of your head right now.

And I think Asahi switched over to the rounds and dropped the bars. Clearly they've got a hit, so maybe you'll see a few dollars premium on bars, but they are absolutely not numismatic treasures.

>>21287723
A firearm apparently

>>21287662
the premiums are retarded

>>21286974
there are rocks all around us friend, all you have to do is learn which ones become Au and Ag when ground into a fine dust and smelted at high heat.

>>21287781
Sell doesn`t mean stay in fiat, fiat is just the medium between PM`s and other real assets. Christ...

>>21285691
yesterday it was 22x face

>>21287662
Buy a two peso coin, lowest premiums out there for them

>>21287796
Currently. It was 85 silver ounces yesterday, but silver crashed.

>>21287583
>evenomy is picking back up
Here look at the shadow stats which are constructed by John Williams. He basically uses the old 1980 and 1990 government formulas and compares them to the results the current government gives to demonstrate how manipulated everything is
http://www.shadowstats.com/alternate_data
just look at actual unemployment
shits fucked yo

>>21287807
I may be using that term improperly i guess. But yeah I would expect a slight premium, plus I got the cases for free, thats like, 10 cents each!

this is almost as good as when SGB sent my 3 merc dimes when I only paid for two!

What does pre 33 mean?

Looks like support is standing at $24/oz, hmmm, where have I seen this support price before
the market is being pushed down for a final accumulation friends. BUY YOUR FUCKING SILVER NOW NOW NOW

How come this shit couldn't happen during a week I get a paycheck?

>>21287851
I dont think that word means what you think it means

>>21284438
I'm thinking of doing some coin hunting. Is this the best metal detector and any tips for where to hunt? https://www.amazon.com/Garrett-Detectors-Anniversary-Special-GAR1141255/dp/B07RDZTPWD/ref=sr_1_3?crid=3UBD0KKXVB8BC&dchild=1&keywords=garrett+metal+detectors&qid=1597111617&sprefix=garret+metal+detectors%2Caps%2C226&sr=8-3#detail-bullets

>>21287794
It happened in December of 2018. That’s as far as the Fed got with allowing yields to climb before the market crashed and they had to reverse course. We are at debt to gdp not seen since WWII and guess how they solved that? That’s right, yield curve controls and inflated it away.

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

This was posted today. It’s not there randomly. Powell said they had a presentation shown to them at the last FOMC meeting. This is the only way out outside of actual default. Steep negative real rates will inflate the debt to a more manageable level, but it’s going to fuck the dollar. Suddenly, holding a 10Y means you are absolutely losing purchasing power significantly. Why hold a 10Y as a pension fund when gold is now a tier 1 asset and isn’t being actively debased?

>>21287945
LCS just closed, won't open for 14 hours. I'm content to wait for that desu.

>>21287794
>Normies think we started QE again in 2020 NOT 2018

>>21287174
just buy the damn thing and sit on it, $25 aint shit, you dont complain when gold goes up, so be cool when it goes down

>>21287980
the Garratt ACE 400 is fairly easy to learn on but has a shallow search depth, plan accordingly. You will need to train yourself to use the device proficiently, a detector needs fine tuning for each place it is used on, proper ground balancing is key.

This is a fucking joke

>>21287939
Not sure if a trollboi or not but go watch some Lynette Zang and learn you some history.

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

Aren't I nice?

Basically, fuck Roosevelt. Don't go anywhere near a deposit/security box with your sexy rocks. Uncle Sam always hungers...

>>21288030
>NOT 2018
what started 2018? They said they'd be unwinding at the beginning of the year and then shut the fuck up by the end of the year. I thought it was September 2019.

>>21288080
Yeah, that's why we're all here.

This guy called it

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

>>21287992
>Why hold a 10Y as a pension fund when gold is now a tier 1 asset and isn’t being actively debased?
Well there is no logical reason to hold one but could congress us the law to force parties to hold the bond?

>>21287876
my first gold, paid $50

>>21288080
Unreal. This is war.

Tens of Trillions of counterfeit federal reerves notes used to rig markets.

Evil fucks!

>>21287736
is silver supposed to triple ? in My limited undertanding it's worth $27 but now it 's double that

>>21288162
44 trillion give or take

>>21287698
>i mean youre kind of a retard, its all private mint so its basically generics
AAAAAAA
HOW THE FUCK DIDN'T I SEE THAT

I COULD'VE GOTTEN BETTER DEALS AND MORE AESTHETIC COIIINNSSSS!!!!!!

>>21288119
Sure, but that’s only good within the US.

>>21288180
Jesus you newfags are killing me.

Basic strategery: Load up on silver and as the Gold to Silver Ratio narrows you swap out some (not all) silver for gold.

And there are some DEEEP rabbit holes that you can go down when it comes to figuring out how many ounces of silver are out there in the world versus how many ounces of gold.

Lots of homework laddie. Get to it.

>>21288115
>Listen to the first 5 min and identified the voice of a UK pajeet and closed window
Yeah this shit is a shitcoin being dumped. Stock markets will hit ATH while you seethe

>>21286833
It entirely depends on too many factors. If one person has to do a cash settlement, why wouldn't someone else see that and choose to do the same knowing this event will make physical explode in price.

>>21287558
at that pace they will be down to zero by end of the month

>>21288307
If you already hold significant amounts of physical, you’d want to see that. Morgan Stanley would want to see that.

Pump month looking like a go. Putting in calls mother fuckers.

>>21288098
what? what the fuck did you even just say...

I just asked you why you said
>>21287807
>No, nothing pre 33 is numismatic.

the confiscation just made PM coins more rare... if anything that would increase numismatic value... your comment does not really make sense.

Also countries outside of the US exist

>>21288308
If they keep this pace up. I think today was a bit of an anomaly. Time will tell though.

are misc coin value bags worth it? like this one:
https://silvergoldbull.com/10-face-value-bag-of-circulation-silver-dimes

I'm mostly in silver for the larp and the FWTDHW

>>21287785
oh no no no fren, why didn't you post this 1h earlier? I just purchased some SLV and your post is spooping me..

>>21287303
He is saying that you generally can't cancel your order, and if you do manage to sweet talk them into allowing you to cancel you will likely have to pay a substantial "restocking fee" that will make the whole thing not worth it.

>>21288380
you'll be laughing in October/November, diamond hands anon

>>21288362
Gah called me. I should say nothing POST 33 is numismatic. Third drink and all.

Pre33 is numy as fuck. But say an ASE from the 80's, all decked out in a proof box? Nah, hard pass. Much better to just get generics for the weight.

>you bought SLV at 25.99

give it to me straight, lads. hold steady or cut losses? it closed at 23.33 and is silver is down premarket another -7%

>>21286520
Don't worry frend. What we are witnessing is controlled spot pricing diverging from free market physical pricing.

>>21288308
They are dumping contracts, have been since last Wednesday, gotta accumulate so price goes down. Do what the bullion banks do.

>>21288439
Fuck paper, but since you're already balls deep, why sell at a loss? idk I'd hold till at least a break-even.

>>21288433
did someone say generic silver?

>>21286922
pink wojaks are a buy signal

>>21288498
NOW you're talking my language. Good on ye

could we be climbing back up? Must be a fakeout.

Why is it illegal to sell a house or private asset with a lottery? What effects would it have on the market?

>>21287005
youre gonna make it fren

>>21288480
i have physical too, not just SLV

>>21288498
>generic silver
based

So
A: Why don't the govt inflate to hearts content then hit the brakes by mandated purchasing of private gold at below market prices to set the value of the doll hair

B: GLD and SLV are trusts which supposedly hold the shit in vaults, if indeed the large majority of the physical is in there, then eventually the spot price and paper price have to line up. Why does /bis/ believe they're so defficient in physical inventory, or otherwise believe they'll go to zero?

>>21288559
Pretty sure Asia's gonna dump too. Hoping for a red week desu. Want to nab a few more kilos at a decent price.

Solar panels and green tech lol

>>21287662
>is it worth it to buy 1 gram gold ?
Generally no, but if you buy your grams in the form of combibars the premiums can get a little bit more reasonable.

another fellow who was hoping for a pullback.

https://www.youtube.com/watch?v=7FMf11zbLC4

>>21288498
>the generic .900 silver
Um I'll have you the based .925 sterling silver is better.

https://www.youtube.com/watch?v=D9zAojkn14M

New Schiff

>>21288498

Who’s baking new bread?

Because the other OP is gay as fuck
>>21288704
>>21288704
>>21288704

>>21288559
At least we aren't down 7% like we were about an hour ago, hoping the correction is ending soon. 22.5-24 is decent support right now, but then again so was 26

>>21288619
Because they traded in a couple hours what it takes 3 years to pull out of the ground

>>21288380
You'll be fine anon. In March it dipped, admittedly not as bad as this but still very harshly, but physical actually went up in the same time period.
Sure enough, the price of physical never really went down and instead the paper price not only recovered faster than S&P or QQQ, but also shot up to new highs.
And desu I still think my investments in the miners will work out, because I shot for Jan as my expiration date. But damn it just sucks not having the absolute, rock solid surety of 90% of my stack being physical.

>>21287723
A heavy safe.

>>21288690
are you high? thats .999 generic
Had plenty of .925, sold most at a profit, bought more 999 with it and got free silver.

Its honestly harder to sell and wont get you full spot outside of people desperate to buy, which they were, and will be once PM's rally from this pullback.

>>21288705
Love that honest value one

>>21288768
just playing devils advocate, humans have been mining silver for 5000 years, why would 3 years of production be so unrealistic?

>>21288433
post 1933 num is everywhere dude it's just usually foreign stuff like the 1939 dominican Republic Peso, or the 1951 Southern Rhodesia Crown. There's even a stainless steel Ecuador 5 sucre coin from the 70s that's worth rape-tier money because there's only 100 or so in existence. You just need to know what to look for.