/biz/ - Business & Finance

So what do you guys see happening in the markets this next week?

>>21413483
it'll go sideways to slightly up :)

>>21413483
Crab since no stimulus news

>>21413547
When is the next Fed report? September? When do we see if they are going to announce yield curve control?

"Last year, Mr Hunt bought large quantities of silver on commodities markets, throwing them into disarray. Normally, these markets trade contracts to deliver a commodity at a future date, and are not prepared to deliver large amounts of the commodity itself."

The ghost of the Hunt Brothers will soon be put to rest. Hope you all have your miners and physical silver ready.

https://www.youtube.com/watch?v=9EOPKizJ_Y4

>>21413483
Jump up and down and move it all around
Shake your head to the sound
Put your hand on the ground
Take one step left and one step right
One to the front and one to the side
Clap your hand once and clap your hands twice
And if it looks like this then you doing it right.
In all seriousness if the fed keeps brrrrring then I believe the price will keep going up.

>>21413588
I'm going to do a bunch of research on the miners this weekend, or at least that's my plan, to decide which ones I want to buy on Monday.

Not big on the ETFs, which are fucking you with "management fees"

Does anyone have advice for how to set up gold/silver ira? I just remembered my wife has money in her 401k from her old job. I've done some research and it looks like I need to find a custodian, dealer, and depository.

>>21413664

Discovery Metals is essential for silver, Wallbridge Mining for gold. They are two of the largest holdings in Eric Sprott's portfolio. Other than that, I recommend Bayhorse Silver, Tinka Resources, Impact Silver, Dolly Varden, GR Silver, Vizsla Resources, Alexco, Aurcana, Bear Creek, Kootenay, and Callinex.

>>21413805
Thanks, I'll take a peak at all of those. Are any of those low debt? Some of my initial looks showed a lot of high debt miners and I don't like investing in at-risk companies.

>>21413417
Mercs for $100/ 50 rd tube going to buy more

>>21413868
This looks so cute.

>>21413868
Do you demand to be eaten out by the FWTDHWAHQUD, or do you go for the formerly well off husband?

New coin, what do you think? Picked them up from the postoffice yesterday

>>21413805
>>21413856
Just took a peak at Discovery Metals. Looks promising! Eric Sprott is an insider, and buying BIG.

>>21413956
I understood that reference.

Also check em^

>>21413868
Wait, just noticed the reflection. Is that your gf? Nice set bro!

>>21412851
they're heavily leveraged and a deflationary shock looks highly likely right now, as we are entering the second dip in the W-shaped recovery

Congress, just like in the mortgage crisis of 2007-2009, is going to let millions of americans default and be foreclosed on, so they and their friends can buy up cheap real estate and consolidate power in the hands of those with the most assets.

A serious shock to the price of miners could trigger a wave of defaults in the silver miners. The metal will only dip and rise. The miners go bankrupt, and there's no coming back from that.

>>21414127
>deflationary shock looks highly likely right now

>>21414127
I completely agree with you. That's why I'm looking for miners with no debt, or very low debt.

Also if the stock market gets rocked the miner stock holders will panic also, it's not like they are safe

>Just before Thanksgiving, I met with Bunker Hunt, then the richest man in the world, at the Petroleum Club in Dallas. Bud Dillard, a Texan friend and client of mine who was big in the oil and cattle businesses, had introduced us a couple of years before, and we regularly talked about the economy and markets, especially inflation. Just a few weeks before our meeting, Iranian militants had stormed the U.S. embassy in Tehran, taking fifty-two Americans hostage. There were long lines to buy gas and extreme market volatility. There was clearly a sense of crisis: The nation was confused, frustrated, and angry. Bunker saw the debt crisis and inflation risks pretty much as I saw them. He’d been wanting to get his wealth out of paper money for the past few years, so he’d been buying commodities, especially silver, which he had started purchasing for about $ 1.29 per ounce, as a hedge against inflation. He kept buying and buying as inflation and the price of silver went up, until he had essentially cornered the silver market. At that point, silver was trading at around $ 10. I told him I thought it might be a good time to get out because the Fed was becoming tight enough to raise short-term interest rates above long-term rates (which was called “inverting the yield curve”). Every time that happened, inflation-hedged assets and the economy went down. But Bunker was in the oil business, and the Middle East oil producers he talked to were still worried about the depreciation of the dollar. They had told him they were also going to buy silver as a hedge against inflation so he held on to it in the expectation that its price would continue to rise. I got out.”

― Ray Dalio, Principles: Life and Work

>>21413588
Poor bunker hunt...
He doubted the power of the VOLCK

Can you imagine going from the richest man in the world to completely broke overnight?

>>21414251
Speaking of Bunker, what is Bunker Hill's debt anyway?

>>21413573
FOMC meeting sept 14-16 they would announce on 16th if they did.

>>21414395
Of course it's on the weekend, I love my Monday openings to be either explosive or collapsing.

>>21414024
Where did you find this information?

>>21414395
>>21414524
My guess is the absence of upward pressure on prices (yeah, I know, food, but that's mostly supply chain they'll argue) means there is no immediate need to slow the growth of Fed balance-sheets or to raise short-term interest rates from their floor (which they can't do). Low inflation current inflation (imo due to low velocity of money) is therefore the fundamental reason they don't seem to worry about the debt, which, thanks to accommodative monetary policy, now costs so little to service that it looks like free money.

>>21414582
Insider trading is publicly available. That particular screenshot is from Simply Wall St, which I like to use to keep my research organized.

>>21413483
I am writing off most of August as a crab month. UNLESS there's another crash or stimulus.
Admittedly I do think the chances of another market crash are pretty high. Trump's $400 UI is cool, but most states are either unable or unwilling to actually make it happen since they have to contribute 25%. If you look at pic related, NY & CA are already saying they just functionally cannot actually meet the contribution necessary, which means everyone in those states is just fucked. That's like a fifth of the US population, and that's before you realize that most other states are saying "we are not sure if we are going to be able to do this".
So what's going to happen when suddenly an economy that even the mainstream acknowledges was only chugging along because of stimulus, is suddenly and completely cut off from it? I think another flash crash like in March. That will force the politicians to come to some sort of agreement on new stimulus, or at least a new big buying program from the Fed. Whether that will happen in August or we can chug along on vapors for another two weeks before it happens, who knows? My guess is probably not though.

I highly recommend everyone who can sit on the side with some dry powder. I'm not selling my gold or miners right now, but I am trying to get as much cash ready as I can to buy the next big dip.

>>21414634
>Simply Wall St
do you need a log in? I want to add stuff to my scraper.

>>21414374
hill?
bunker hunt is dead. he declared bankrupcy in 88 and after that lived off the money his fathers foundation gave him.

>>21414742
No, some anon was shilling BHLL mining stock. The financials scare me from what I've seen so far.

>>21414686
My fucking God, please no. I'm in TSLA and AAPL and I'm just waiting on that share split. Please for fucks sake don't flash crash before that...

>>21414720
You can get it publicly also, although I've noticed lately some inconsistencies on places like CNN Money where they missed a lot. You do need a login for Simply Wall St I think, at least to see everything, and I pay 80 bucks a year. It's just reporting publicly available information, but I love the organization and news feed it offers - it certainly pays for itself. Try the free trial.

>>21414885
Just hold dude. The share price recovery will probably be even quicker than last time.
If there's one thing that can make Dems and Reps work together, it's their rich donors calling up and yelling at them about letting the market crash.
Also entirely possible they could get a deal done or the Fed could release a new big buying program pre-emptively to front run the crash.

>>21414686
How low do you think silver will go due to this type of event, and do you think it will affect physical? I think this type of event would create such huge inflows into the futures market and ETF's that the scam of paper will have to die.

>>21415015
Im working on scripts to compile all sorts of stuff onto a dashboard of my own, I just need a good easy place to grab insider trading stuff.

>>21414834
no idea, sorry

>>21415064
SLV will crash, physical will stay as it is right now. Same in March, even more extreme actually. Spot price in the UK was around 9GBP, but the cheapest Britannia I could find was 39GBP back then. Crazy how fast that ponzi can collapse if the world is not in the laboratory condition.

>>21415064
No way, there will have to be a few more crashes like that before it dies, but this will certainly hurt.
One of the most notable things about March was that physical prices never dropped, and paper gold/silver prices recovered faster than anything else (literally any index).

What happens is
>paper price crashes
>retail physical stays the same
>retail physical sells out
>everyone with two brain cells to rub together sees the arbitrage opportunity
>paper contracts standing for delivery push the price back up

Last time we had this happen JPM had to actually deliver something like 1/4 of its silver stack. I think they will probably survive another hit, and IMO are likely to just abandon their shorts. COMEX will die eventually, but it won't be the next crash. If you can pick up some cheap physical by all means do, but don't hold your breath, look for cheap miners instead.

>>21415176
>but it won't be the next crash
I wanted to believe though.
Also, your name is still on anon.

>>21415017
>>21415064
>>21414686

Gents, i believe you have all over looked the Lion in the room.
China, they have gone through so much flooding that our food prices will double in the coming months. countries will have to deal with millions of starving chinks fleeing their country looking for food...
and thats if the 3 gorges dam doesn't break (spoiler alert is already broken past the point of no return) expect 200 million dead chinks, and the majority of their manufacturing and agriculture to be completely destroyed.

now ask yourself what that would do to the economy in a good year. let alone right now. we'll be lucky if the DOW only crashes 20%

most boring day of the week over

Is this just a meme?

>>21415176
Do you have any knowledge of First Majestic? I have some of their shares, their history chart looks... as any miner would look I guess. You think they'll be a part of a moon mission?

>>21415293
pretty good fear porn I r8 7/8
was entertained

>>21415107
Would be really cool if you could make a public one designed for pmg!

>>21415293
>expect 200 million dead chinks, and the majority of their manufacturing and agriculture to be completely destroyed.
Market crash would be a small price to pay.

>>21415285
It's not a name it's a lifestyle.
Personally I don't think COMEX will crash, I think the banks will abandon their short positions before that. But IF they try and play it stubborn, then it will crash. COMEX has to get to a point where it's roughly the same price level as retail bullion, or they're screwed. Used to be that they could be a price giver to retail, I think that it's becoming increasingly obvious they are now a price taker.

The "hammer the price down" strategies used to work when at least some people could convince themselves that we weren't going to keep printing and spending trillions every few months. That's why they were able to get the price back down after 2011.

But IMO we're in a different kind of world now, and this was obvious even before Covid. Look up the bet between Schiff and Brett Johnson if you want an example of this. There were people even just in 2018 who thought that we were going to see rates rise again, and then of course when they rose what happened? Immediate market crash.

Nobody can even lie to themselves about that now. The moment rates go up, or stimulus gets pulled back, or QE starts getting wound down, the whole thing crashes and everyone (except maybe Senators in D.C.) know it. This is unironically a new paradigm, and it's bigger than any bank or exchange or anything.

>>21415293
Yeah I hear you but they've been talking about the three gorges collapsing for weeks now. Seems like a nothingburger to me. Plus China's already obligated to buy a bunch of American food from their trade deal, so they'll probably just do that.

>>21415351
Idk I have a bunch of calls on them but kind of bought and forgot. Tbh if you see a real moon mission for silver and gold, just owning anything that remotely touches the sector will probably be fine. Get some OTM calls with an expiration date after the election if you've got a high risk tolerance.

UK debt went from 80% to 100% in 2020.

>>21415293
Dow might have a shock and slow recovery, but components of the dow will be needed the most. I would go long on that dip.

>>21415569
well there are purely chinese owned and operated companies on the DOW. i honestly expect them all to be removed, which by itself should cause a decent shock wave.
>>21415563
right people have been claiming it every year... but this is different, we're seeing flooding worse then 1990's, and to be fair the dam did start showing signs of breaking a couple weeks ago, got to admit the chinese built it better then i expected.
>>21415479
thanks mate, i'm still working on finding a way to be entertaining enough to read but still willing to listen to my warnings

>>21415568
Hahahaha.... we're doomed. What will they possibly do? No economy except pubs and cafes, no production except some obscure cars, no resources at all, 300 tonnes of gold reserves and Joggers swarming the borders for the last 7 years.

I want out.

if my order doesn't arrive soon i'm going to be disappointed

Uh guys?

BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2
>BERKSHIRE HATHAWAY ADDS GOLD TO PORTFOLIO IN Q2

>>21415860
If youve waited less than 3 months for a ship notificatio. you dont know true suffering.

>>21411161
why? When it's srysy you gotta lie

>>21411112
financial responsibility? Have some rope. Have a look at Uncle Sam and the banks and almost all of corporate america and your paper money faggot.

>>21416016
A digital USD would kill the american economy even faster than Wu Flu.

>>21416045
Post proof

Voodoo Lines

>Your order status is: Confirmed - Awaiting shipment

WOOOOOOOO
Taking forever!

>>21416016
>we-we're into fintech
>the federal reserve is not a bunch of dinosaurs!
meh, go back where you came from, tourist

>>21416096
just because we have socialism for the rich doesn't mean everyone should be irresponsible

>>21416016
Someone screencapped the post from the last thread about the FEDcoin Universal credit with automatic expiry date for the masses? It's going to happen.

>>21416045
BOOMER ROCKS. THANK YOU KING BOOMER FOR YOUR BLESSING OF PAINFUL DIPS. WE HAVE BEEN GIVEN THE GREEN LIGHT FOR BUYING INTO PAIN. THANK YOU KING BOOMER

>>21416045
SOURCE?
>SOURCE?
SOURCE?
>SOURCE?

>>21416182
What the fuck is that even supposed to mean? How can any charts and patterns apply in that clown market anyway?

>>21416172

"Warren Buffett's Berkshire Hathaway snaps up Barrick Gold in Q2, sells Goldman Sachs"

This is enormous news. We all suspected that Buffet was hoarding physical silver; this confirms that he has become fully converted to precious metals. This investment will cause all eyes to turn on the mining industry, and make miners soar. Buffet has claimed to hate gold his whole life. His selling Goldman Sachs also suggests that Alasdair Macleod is right about an imminent banking crisis. In the eighty-ninth year of his age, even Warren Buffet is now investing like Peter Schiff.

https://uk.sports.yahoo.com/news/warren-buffett-buy-barrick-gold-201428776.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHrvYDPEk-dQD3ET_C2t2M1j_MQ1dYaiZBmde3Z4gTCQhWfjcbPkTQWzo3tHtdAIuiYMz4pF-irH9W5mZ69lY3GF8e-F2XxVdJ4gGWKctYGC8YEPbAUmXvIrOuuTsrYygcqiF5uGvrb5Q18ghvTMQhLkQaOp_7VScKKHFMsg4VB8&_guc_consent_skip=1597436540

>>21416045
This cannot be, sauce. That would be the global green light for the bull run to begin.

>>21416299
>>21416222

See >>21416296.

I hope that none of you panic-sold your miners this week. It's going to be a vertical line upwards when the markets open on Monday.

>>21416045
>Posted 7 minutes ago
>Gold not immediately pumped on algorithms/insiders waiting for the official announcement to pull the trigger

Yea, ganna have to place a bit doubt with a capital D on this post right now familam.

who's ready to load up on some oz's this weekend? i know i am

>>21416045
Holy shit, big if true
Bost source

>>21416296
HAHAHAHAHAHAHA BASED FUCKING CHERRY COKE BOOMER, I COULD KISS HIS DISGUSTING FOREHEAD

>>21416296
>>21416348
GREEN MONDAY BABY

>>21416296
>sells Goldman Sachs
I have inflation bonds from them in my 401k. DO I SELL!

>>21416296
Well that’s pretty significant

>>21416296
>>21416299
Note that Buffet only publicly shit on gold, because he saw at is never doing anything. He never made such statements on silver. But yeah, he's old enough where any decisions he makes aren't for him, they're for his family legacy, which means he's not gambling at ALL with this move. To secure the financial future of his family he his going all in on PM, miners, and the coming natural gas petrochemical boom.

Its happening.

>>21416296
FUCK, I'm getting money next week to invest but I want to put it in now.

>>21416296
>Stop loss on JNUG triggered today around noon at a $250 loss after holding it all fucking week while it was beaten to death

Fuck.

>>21416045
https://finance.yahoo.com/news/warren-buffett-buy-barrick-gold-201428776.html

GOLD - Barrick Gold

Warren is buying miners!!!!

>>21416368
see
>>21416296

BERKSHIRE bought BARRICK

he did not buy gold, he bought GOLD

It makes up 0.28% of the portfolio, while Visa is 0.97%, Coca Cola is 10.08%, and AAPL is 35.52%.
So I wouldn't get too excited, but it does make me wish I'd added to Barrick or the RING etf this week.

https://whalewisdom.com/filer/berkshire-hathaway-inc#tabholdings_tab_link

>>21416045
>>21416296
>buffet buys gold

bearish desu

>>21416615
Miners on Monday will do the thing I haven't seen since BTC in 2017. Boomer Hivemind cannot be contained, I wonder about the metal prices for the next 3 years.

>>21416045

Big if true

I posted one thing a few days ago, but there were subtle hints about this. They have been pruning Goldman and JPM shares, while buying BoA. The former 2 shit on gold, and the later is bullish (calling for 3k). So they were positioning for gold to rise, by proxy, since may.

If they just buy gold outright, it says they're not satisfied with that and are convinced enough to actually admit yellow rock go up out loud.

Now if they start buying miners, that's some real shit.

>>21416045
Not surprising after watching his annual meeting whenever that was. He talked about inflation being the biggest tax possible.

>>21416016
>these fuckers implying its not all part of the plan and this hasnt been reay to go for the last 7 years
>"oh we're just researching it guys"
>"we dont even know if we can get away with it"
>"cuz its not like we dont just do do whatever the fuck we want anyways fuck you hahaha, just looking it to it for the first guys, really"
bankers, i hope they all die horribly

>>21416652

Next bread should be Cherry Coke edition.

Buffett is a Metal Marine.

>>21416045
Has the countdown begun?

>>21416744
Bought 4k a few weeks ago and put another 2k in on Monday when everything shit the bed. Got miner calls set. My body is ready.

>>21416844
I expect a lot of /SMG/ tourists here soon, what about FUCK OFF WE'RE FULL Edition?

>>21416745
see
>>21416296
He bought Barrick!

>>21416959
No, go into stealth mode again.

>Barrick already trading at 28 after closing at 27
Hot damn

Guys...

>>21416995
>>21416401
Also, may someone answer this question please? Should I follow and sell them off?

>>21415843
Debt is reaching war time levels in a peace time. Or maybe we are at war.

>>21417031
OOOOOOOOOOOOOOOOOOOOOOOOOOH

>>21417031
PLEASE /SMG/ GET HOT ON MINERS

>>21417054
Yes, with the China virus. We're also at war.

>>21416296
Why did he sell JPMorgan? Aren't they going to get rich on silver?

>>21416652
>tfw moving from miners to physical
>already bought the physical with my Goy cards
>refuse to sell Barrick
>get blessed by king boomer
Hpefully I'll get to slide into KL.

>>21417159
He sold Goldman Sachs.

>>21416146
>>21416192
>>21416843
I'm wondering if they leaked this idea to 4chan a few months ago to test the waters. Out of nowhere I remember people talking about the possibility of a Fedcoin. Now its almost common knowledge in these parts that they might try this form of enslavement. If anyone remembers the first time they saw a post mentioning it, that might be who our fed anon is.

>>21414127
What you don't realise is, they doomed millions to default when they fiddled with the interest rates. For some reason not you or anyone else is complaining when they give loads of low interest debt but once the reality of the situation unfolds you come here and complain lol. This has been going on in the US since early 1900's when they started saving companies and banks from defaults with government loans. No one says shit before they have to carry the responsibility of shitty financial policies

>>21417190
He sold JPMorgan too. He sold 35.5 million shares or 61% of his position.

>>21417190
Did you read title only?

>>21417237
Hahahaha what? Holy fuck what is this, Christmas? He predicts it will go down with COMEX soon? No way it's that.

>>21416844
>>21416960
>>21416959

In honor of the occasion.

>>21417218
>US government tests high IQ ideas in the dumbest thread on a pakistani ghee tasting forum

>>21417281
Is it actually happening? Is /pmg/ going to be Barons of a new age?

>>21417358
>pure kino

>>21417358
SAVED

>>21417411
We could throw a /pmg/ Yacht Party in a few years maybe?

>>21417358
500 fucking million in a couple months! No way this was Gregg or Tod acting without Warren's knowledge. The old Keynesian has capitulated!!! That old evil prick Munger is probably rolling in his wheelchair.

>>21417031

Feeling dangerous levels of smug right now lads.

>>21417218
That idea is older than a few months... and if I' really blunt about it we already have digital money in practice.

In October last year is dropped that china was going to introduce a gold back digital Renminbi maybe in 6 to 9 months (but that's been talked about a few times before that). Well, we are past that time period. It's been talked about that China has a heap of gold and will crush the USD in this way. Of course this is absolute ridiculous. But as things have turned out it's obvious that whatever way forward it's going to be hard money and a digital USD is NOT going to be considered hard money as it no long has the function of the old fashioned fraudulent USD. No one will want to use it in practice.

Jesus Christ. Warren buffett buying GOLD has crashed Whale Wisdom with people trying to see his 13f position because they don't believe the news.

>>21416296

I feel as if this is a dream. A happy, happy dream.

>>21417574
He knows better than to shill something before he buys it.
He bought silver last time and made bank, he knows the game.

>>21417661
it's the deadline for all the 13f's, not just Berkshire's Barrick position

>>21417637

The faggots on r/investing are about to have an anuyerism.

>>21417702
I know, but berk is the only thing that would fuel normie traffic. All the investment analysts in the world probably wouldn't crash the site. I'm sure they increase server capacity for today anyway

QUICK ANON WHAT DOES THE BUFF BUYING GOLD MEAN FOR THE GOLD AND SILVER MARKETS PLEASE I NEED TO KNOW, I'M NEW TO THE IMPACT OF KING JEW'S ACTIONS

>>21417267
uh, guys. im not anti capitalism. but these are some obscene numbers. this ought to be illegal. nobody should have that much of anything.
the reason i say this is because you know damn well they didnt "work" for a dime of that money they gained it through Jewish tricks involving such actions that themselves ought be illegal
basically, all that "wealth" was somehow squeezed out of the world, drawn from us like vampires draining your blood and your very lifeforce
no single person or group should ever have the right to control that much of the worlds wealth

>>21417785
It means expect a dip in gold so jews can hoover buy when it does and watch the price get inflated to 20k an oz in a year after

>>21417785
Imagine that you're holding 100,000 XRP and suddenly Trump has an emergency press conference where he announces to the whole world that XRP will become the Standard in the US in a year.

Bros, am I going to make it?

>>21415340
do the fast forward to 2024 thing.

>>21415479
>pretty good fear porn I r8 7/8
>was entertained

BDanon. Kosher fear porn. Also called the Chy-na virus back in Q4 2019.

https://paulfurber.net/bda/index.html

>>21417851
YES, YOU MAGNIFICENT BASTARD!

>>21417785
Well, it's affecting other gold miners. NEM is up over a dollar.

>>21415508
My goal is to set up a system to have weekly reports go out. It all depends on how the other people involved feel about it. Its part of a newsletter that is driven by data analytics

>>21417801
>uh, guys. im not anti capitalism. but these are some obscene numbers. this ought to be illegal. nobody should have that much of anything.
They only have this much money because of central banking(a thing which has nothing to do with capitalism or free markets)
If we had a free market, they wouldn't have all of this money

>basically, all that "wealth" was somehow squeezed out of the world, drawn from us like vampires draining your blood and your very lifeforce
Saved money in the economy simply makes more resources available to everyone else by pushing prices down.
Money does not equal resources, I wish more people knew this.

>>21413417
At last, the most exciting time of the week has finally arrived!
A package has arrived.
Ordered from the Mint last Saturday. And now, here it is.

>>21417624
I bought more. I couldn't help myself.

>>21417921
money = the power to control resources
that money came from value someone else produced. they dod not produce any of the real value behind that

>>21417931
>Ordered from the Mint last Saturday. And now, here it is.

Well...get on with it!

Is he saying silver is a better investment?

Is he being honest?

Barrick gold's Yahoo Finance page throwing an error after announcement that Buffet bought in, too much traffic.
HOLY FUCKING CHRIST MINER BULLRUN IS COMMENCE, I REPEAT, THE MINER BULLRUN HAS COMMENCED AHEAD OF SCHEDULE

it is a rather large box. but inside, only 5 smaller boxes

>>21417780
>The faggots on r/investing are about to have an anuyerism.
What's the word?

There's other funds people follow, Bridgewater, Scion, Icahn, etc.

>>21417921
You're also forgetting that a large portion of that is insurance premiums that they expect to pay out in the future. Probably like 1/2 of berkshire's portfolio and cash can be considered that

Should I buy more? Already up $2 after hours.

>>21418073
Oh hey, you ordered these cheapies last week? Nice.

>>21417991
>the power to control resources
Some of the resources. It only works if you spend the money.
If you spend the money, you won't have money and won't be able to control resources


>that money came from value someone else produced
lol dude if all of the rich people simply gave their money to everyone else, it would simply result in prices for goods and services to skyrocket and nobody would be better off. It's pointless to want more equality because it won't benefit anyone. Money is not resources, it's just a tool that moves resources. It has an inverse relationship with resources.
Savings increases the amount of stuff you and me can buy. Without real savings an economy is nothing.
Don't fall for socialist fallacies.

>>21418019
>Getting his financial advice from fucking Jewtube when /pmg/'s been saying this for years
As a side note for anybody else reading; is this the 2020 equivalent of normalfags talking about PMs on the street?

>>21418134
yep, these are kinda frosty though. i thought they'd be more shiny. little disappointed desu

>>21418062

Miners are the true golden bull run. Time to sell Chainlink.

>>21418199
They'll be a nice hedge against the blowjob prices nonetheless. Post a better picture.

>>21417218
A proposal for a "Digital Dollar" was briefly included in some budgetary legislation back in January, but was removed before it passed.

>>21417218
>If anyone remembers the first time they saw a post mentioning it, that might be who our fed anon is.

FYI - archive of TreasuryAnon

http://archive.4plebs.org/pol/thread/246338388/

>>21417902
Please keep me/us posted

Should I go all in on gold miners Monday morning?

Can you imagine Jamie Dimon's face when he found out Berkshire sold almost of all of their JPM shares and bought precious metals?

>>21418256
frosty. reminds me more of dull oxidized aluminum

>>21418305
You're already too late. You should have had these stocks last week like everyone else here.

>>21418073
>it is a rather large box. but inside, only 5 smaller boxes

Nice. Ordered a few myself but the mint's still "processing" my order.

Can you do a pic with one unboxed? Curious to see just how big it is.

>>21418359
Don't worry. The uranium boom is next.

>>21418199
DAMN
those were literally in my cart when they ran out

>>21418343
>

>>21418359
I really want to dump on these afterhours buyers...

>>21418343
you think he gives 2 shits?

>>21418150
We're not there yet. I've seen some of these youtube videos/channels/comments. They're still obscure as fuck with like 100 views and will only show up on your feed MAYBE if you have been watching a lot of shit like Mike Maloney / Peter Schiff / etc.

I don't think we're going to be at real normie levels until gold is pushing up on 3000..

>>21418350
Not all my bullion is beautiful, some of it is ugly on purpose just so it doesn't hurt to actually sell it.
But this isn't "ugly", just not beautiful.

>>21418350
I like the matte look to them

>>21418429
Why

We use it for nothing

>>21418489
I think that anon means a different kind of boom...

>>21418150
The gold pill is much rarer than the red pill, especially if you're raised in a financially illiterate household.

Imagine not buying Bnkr.ca/BHLL.
Not gonna make it lads

>>21413547
>>21413573
I suspect September is gonna be a wild ride
>Stimulus unless Trump does another EO before then to inject money from the treasury into our pockets (idk if this is possible, just thinking outside the box)
>FED report and all the goodies to come from that
>Fabled COMEX default
>One month closer to the election

>>21418631
How can I properly explain to my family how inflation works and why the dollar losses value if more is printed? Only my dad seems to partialy understand, though I couldn't convince him to buy some metals for himself.

>>21418471
>>21418481
>>21418427
i think its an attractive design.
i just dont like the frosted finish at all

>>21418684
I just bought but I need more money
How much time do I have left? AAAHHHHHHH

>>21418684
Why are their shares only 1/100th of a penny per share? 1000 shares cost me only 10 cents.

>>21418199
Very sexy, baby. Picked up one of those and a San Antonio one a week back, got it delivered 2 days ago.

>>21418840
Are those 5oz atb coins a good alternative to the silver eagle for stackers? I picked up some.

>>21418834
anon the reason why old people refuse to understand inflation is simple.
every few generations people get the idea to make a fiat currency. in the beginning its great, because all the inflation you're creating takes decades to make any difference, then all of a sudden the inflation takes off and destroys the next 2 generations wealth. then people revolt and demand a real currency back by metals.
But back to the point, boomers willingly fucked over their children and grandchildren for easy money, so they refuse to admit it. other wise they'd have to take responsibility for their actions

also the US school system is pretty much a day care in half the country its truly a joke

>>21418553
kek

>>21419011
Anon, no one of any age in my family understands. Not even my younger siblings.

rome wasn't looted in a day

>>21418834

David Hume gives the concisest explanation of inflation I know.

"Suppose, that, by miracle, every man in Great Britain should have five pounds slipt into his pocket in one night. This would much more than double the whole money that is at present in the kingdom; and would only serve to increase the prices of every thing, without any farther consequence."

>>21418834
https://youtu.be/DyV0OfU3-FU?t=768

>>21419011
>US school system is pretty much a day care in half the country its truly a joke
Too many people don't get involved in their children's upbringing, then blame the system for not raising their children for them. You can have the best school district for a child imaginable, but if their parents aren't involved in any capacity beyond enrolling them, it makes little difference. Until people can place blame upon themselves, all we'll do is regurgitate the same mantra of 'systems are broken, education is fucked'.

HOLY FUCK WARREN BUFFET BOUGHT $500MIL IN BARRICK GOLD GET THE FUCK IN HERE
PERMA GOLD BEAR BULLISH ON GOLD

>>21419249
>and would only serve to increase the prices of every thing, without any farther consequence
This is the part they don't understand. They don't get why everything would rise up in price.

>>21416733
It's really not. See "Nobody Cares" by Grant Williams. The next stage of this bull market is when institutional investors like Buffet, who like it or not are managing IMMENSE amounts of cash, start investing in gold.

https://www.youtube.com/watch?v=qnZHMmCjpQ8

>>21418834
If you want him to be hedged for inflation but he won't buy metals try and get him to take out as many fixed loans as possible.
This is a good way to play inflation. If you can get a fixed rate 3% mortgage, you're functionally getting paid to own a house.

>>21419249
Thomas Malthus quotes that same passage in his Essay on Human Populations. We're all fighting over scarce resources, simply because the earth does have a maximum carrying capacity in terms of food production. And no matter how good your tech level gets, you'll still have a cap, albeit higher for the calories you can make in a year. And since humans can reproduce geometrically, but only increase their food output arithmetically (at best), the limit always gets reached.

This is the reason that Malthus' work was banned in the USSR. LMAO

>>21419274
I'll take a look when I get home from work, thanks anon.
>>21419359
I remember there being a study that shows home schooling outperforms public schools in tests and socializing. Got to find the links again.

>>21419378
DOES PMG REALISE HOW FUCKING HUGE THIS IS? HE HAS EXITED HIS ENTIRE GOLDMAN POSITION AND SOLD A BUNCH OF JPM WHILST SIMULTANEOUSLY BETTING HALF A BIL ON A GOLD MINING COMPANY

IS THIS THE END OF COMEX AND PM MANIPULATION???

>>21419384

An increase in the supply of money implies that more money is chasing the same amount of goods. Hence the goods require more money to buy.

If you show them the loss of purchasing power in the dollar between 1971 and the present day, they ought to understand. Then show that gold can pretty much buy today what it always did.

>>21418918
.65ish canadian or .44 USD.
You may be looking at the wrong OTC
Bunker Hill Mining

>>21418992
i think 5oz rounds are an inconvenient shape, awkward for stacking imo. i would rather have more 1oz coins or rounds, or 1oz bars, or 5oz bars.
i got some of the 5oz San Antonios coming next. but after that i prob won't buy 5oz rounds again unless they're super cheap
i love 1oz coins like silver dollars, and the ASEs and whatnot. but for any other weight bullion i guess i like bars shaped

>>21419517
currently gold is still undervalued by that metric, and considerably so

>>21419479
It will take much more to tear them down, but there is blood in the water now. Sharks won't wait long, crisis is coming, it would be a juicy bite of silver.

Think of how many people have been eyeing gold with Buffet as their go flag

>>21413417
That drawing didn't age well.

>>21419249
That doesn’t work today since everyone is born in debt literally. People are born in hospitals and usually need other people to help them deliver the baby. This is paid usually in the form of insurance but still requires paying. Then school. More school. Electricity bills, water bills, food, housing, clothes. More school. Finally someone gets a job and pays back their bills but then they get married and have children to repeat the cycle. If anything we’ve been having stagflation. Cooker meme never really solved anything. It was just some reverse wizard of oz trick where instead of revealing the wizArd of oz it was hidden

>>21418840
edge is lettered " .999 FINE SILVER 5.0 OUNCE"

>>21419581

It's a way of simplifying things for ordinary folk. Obviously the full truth is somewhat more complicated than my explanation. Gold is, as you say, undervalued right now, and not overvalued, and is going to correct and soar to the upside. Again, we know that the bankers, for time, were able to delay inflation in consumer prices, by suppressing yields and creating asset-bubbles. But all that needs to be conveyed to most people is the rough truth.

>>21419565
Will I have trouble selling it?

>>21419378
Sure buddy

>>21419359
thats such a shielded world view, look at the documentaries on the inner cities. they have zero funding because the whole community is on welfare. those people stand no chance even with a decent IQ

>>21419525
It says Bunker Hill Mining Corp with a share price of $0.4338. However, the sell price is 0 and the asking price is .0001. I'm using TOS if that helps.

>>21419581

It's a way of simplifying things for ordinary folk. Obviously the full truth is somewhat more complicated than my explanation. Gold is, as you say, undervalued right now, and not overvalued, and is going to correct and soar to the upside. Again, we know that the bankers, for a time, were able to delay inflation in consumer prices, by suppressing yields and creating asset-bubbles. But all that needs to be conveyed to most people is the rough truth. In the main, it is the right to say that gold retains purchasing power, and that an expansion of the currency supply eventually makes things more expensive.

I can't find a good deal on silver in my shitty balkan country and I can't even find estonian dealers that ship here. The price of silver is almost 2x it's actual value due to taxes and whatever the fuck. What do I do?

>>21419701
no. i doubt it. its USMint certified so thats about as good as it gets for authenticity or marketability.
easily recognized and by and large, very desirable and sought after.

equity costs dollars and does business denominated in dollars, but the equity itself is denominated in shares

obviously when the dollar shits the bed you still want equity in miners since they'll not be dependent on dollars to stay afloat, but who's to say businesses won't pivot away from doing business in dollars and be OK?

>>21419598
the most insane thing is, that this tiny general is literally the only place in /biz/ where people are talking about this giant move.
no other threads in existance.

>>21419791
travel to austria
buy silver, shove up anus
????
profit

>>21419752
Ah. After hours shenanigans, if you can buy for that price...buy the whole company.
Sprott cap investments just facilitated funding by multiple agents and i really think they will be releasing ore deposit estimates within a few months.

>>21419791
gather your merry men and retreat to Sherwood forest. There, await a rotund personage by the name of Tuck, a leacherous fryer who will offer you a good bout I dare say...

>>21419838
139/150 threads are a rapidly rotating morass of crypto, people crying over crypto, and people arguing with bots over crypto. Even the deliberate shitpost threads are better. PMG and SMG are the only threads where anything that actually matters in the financial world has a change to be discussed even in passing

>>21419840
>>21419906
Ah, good. I'm doomed to miss out on the silver boom and stay poor thanks to my shitty 3rd world country.

>>21419877
>Cramer just mentioned NEM
Fuuuuuck.

>>21419987

If you can't get your hands on physical silver, buy mining stocks. SILJ is the ETF, and if you can't buy that, buy the largest components: First Majestic, Fortuna, Endeavour Silver, Yamana Gold, Hecla Mining.

>>21419730
Being poor is not an excuse for being a shitty parent. The reason these schools are shit are because the kids are shit. The kids are shit because the parents are shit. If these kids had competent parents that motivated them to actually pursue an education, and see the public school system as something more than a daycare, you would see an enormous increase in graduation rates. If they weren't born to single mothers and had no common father among their siblings, maybe they'd succeed even in admittedly not as well funded school districts.

As a placer and source miner I must say, what a fun time to be alive.

>>21419838
These threads are being carefully monitored. Make no mistake, why do you think for the past two weeks the ONLY metals threads that are left up is ONE /pmg/ thread at a time? Mods are deleting the rest. They don't want us blowing the whistle early, they're trying to keep the game of musical chairs going as long as they can.

>>21419987
sorry fren, wish i could share a source for you to find bullion there. best of luck to you

>>21419150
I've used this example before: if there was a beautiful house for sale for $200,000, and then they "just gave everyone a million dollars", how much do you think people would be willing to pay for the house? People will bid up the price of the house way beyond $200k because they want it and have the ability to do so. The same thing happens with stocks, cars, clothing, etc.

That's inflation.

Now what happens if there's a hundred beautiful houses for sale for $200,000 each and then they just give a few people billions of dollars without giving any to anyone else? The people with billions of dollars buy the houses for $200,000 each (because no one else has money to bid them up), but then the billions of dollars flow through the economy and create inflation anyway. That's the Cantillion Effect.

>>21416296
I got in gold before Buffet did feelsgoodman

>>21420019
But I know nothing about stonks. And I'm buying shiny rocks as a form of savings. Could you give me a quick rundown on mining stonks?

if i take my silver coin out of the case and play with it will it tarnish?

>>21420106
u got some insider info?

>>21420107
moron
only one general is allowed at a time of any sort. That's the whole point of generals.

>>21420018
Here we go lads.
EPA has loosened restrictions on mining the past few years, as long as they do shit proper

BNKR.CA/BHLL

>>21420114
I'll keep looking but I doubt an honest price exists in this shithole. Luckily gold isn't taxed but silver seems more tempting.

hello frens, how has your stack increased this week?

>>21420150

SILJ is the mainstream ETF which everybody buys, and the stocks which I just gave are its largest holdings. In other words, if you believe that silver and silver miners are going up, those stocks are perfectly safe.

Mining stocks give you 3x leverage to the underlying metal; and, as mining stocks are already vastly undervalued, they need to go 3x at any rate simply to get back to a normal Metal:Miner ratio. This is why, when silver gets to $50, SILJ will probably go 10x. Mining stocks are the trade of the century. Don't miss it.

>>21418359
You'll be fine if you're buying next tuesday but don't wait too long

>>21419730
Lamo what shitty documentaries do you watch, the worst school districts have the most funding because of the teachers union. Throwing money at an issue never works, I bet you are one of the same retards that votes every year for more school bonds and complain that your property tax is going up.

>>21420176
Yes, at least eventually it will, although exposure to salt and sulfur will make it happen much faster.

One of the reasons some people buy a few coins/bars specifically to keep out and play with, so that they can tarnish and the rest of the stack stays shiny.

>>21420253
Bought another 10oz silver but that might be it for me for the rest of the year. I haven't had any income since last may, so I'm tapped out right now.

>>21420253
Just got a Helvetia in the mail, along with 2 ATB 5oz coins. Got a Kruggerand, Britania, Kangaroo, Philharmonic, 2oz Kook, and a 1oz generic bar on the way, along with a little chest I bought to store my stack.

>>21420253
I ordered one ten oz silver bar and one gold sovereign.
Unfortunately i ordered the gold before the big dip.
Oh well I can't wait for my goodies to get here so I can fondle the gold

I bought all my miners LITERALLY TODAY
20 GRAND LMAO and then this news? I'm gonna be caught as an insider trader or some shit

>>21420259
Aight thanks anon, I understood nothing but I'll buy some stonks because why not. Even idiots deserve a chance at making money.

GOD DAMN IT RUDY
WHY DIDN'T YOU TELL ME IT WOULD INSTANTLY SURGE IN VALUE

>>21420364
based
what "big dip"
I've only noticed small dips

>>21420352
Patrician taste. The Swiss Misses are my favorite gold coin. LMU coins are great.

Can gold really go higher right now?
Should I get my first gold or drop $2K more on silver? Or neither for now?

>>21414127
Miners have already been in a bear market for the past 4 years, as well if historic indicators are heeded, Gold continues upward through a second leg down.

>>21420436

Listen to some interviews with Keuth Neumeyer, the CEO of First Majestic, if you need to build some trust in silver stocks. I'm sure you'll like him a lot. I especially recommend the first of these three interviews.

https://www.youtube.com/watch?v=RT8x1cRTl20

https://www.youtube.com/watch?v=jSx6uBv_yk0

https://www.youtube.com/watch?v=BOzNhi7UN0k

>>21420433
Like a fucking muppet lol

>>21420259
What are your thoughts on explorers?
AAGFF
MMNGF
DSVMF
are my top 3.

>>21420481
you're talking about gold miners? or juniors? or what?
so you think they'll remain cheap even as the commodity pumps?

>>21420447
Look at the charts on Monday gold dropped quite a bit from where it was closed on Sunday
or maybe its just big for a small timer like me who just purchased his first gold piece. oh well I will take what I can get

>>21420540

I own Metallic Minerals and DSV. Mentioned DSV here, along with some of my favourite stocks. >>21413805 DSV is my largest holding for the same reason that it is one of Eric Sprott's largest holdings, simply because you already know that there are a billion ounces of silver in the ground. Metallic Minerals has a lot of exploration potential. Aftermath Silver is an excellent stock, but I didn't get in before it already ran.

>>21413744
I think that Money Metals provides such a service.

https://www.moneymetals.com/programs/iras

Haven't used it, but they provide it.

>went more into silver miners than gold miners
>only put in 7% of my money into miners
did I fuck up?

>>21420433
Very nice anon, you did it.
But be warned, both gold and silver are nearing overbought on the RSI again.
If you want to make good money on this, be ready to hold through some dips.

>>21420651
Could always pay land tax and daily living costs, I'll repay you in refined gold from my mining op. Small scale industrial getting that Meguma shiny in eastern Canada

Barrick's pump after hours is just bringing it to the level it closed at last week lel

>>21420651

Buffet's investment is shooting a starting-pistol that says, "Buy mining stocks, now. Get in. Now. Quickly. Rush in. Don't wait.Purchase everything you can." It officially marks the end of the stealth phase, and the beginning of the institutional investor phase. Every mining stock of every kind is going to soar on Monday, and the industry is going to see a stampede of new money coming in. Until now, it has been the same small community trading amongst itself. That circumstance just changed for ever.

>>21420862
Damn, I'm just a few hours late too. I guess I'll buy ASAP on monday.

>>21420762
Barrick dropping is peak clown world.
>steady earnings for decades
>gold price up
>q2 earnings beat
and it dumped. Smells like buffet is up to his old tricks

>>21420931
It's a stock that rallied going into earnings. It's pretty common for profit-taking dips right after earnings, especially if the stock was pumping before earnings.

>>21420862

I believe that puts us at "media attention". Very good.

>>21420931

I have pointed out in every thread for the past two weeks what a joke these mining stock Prices are. That NEM, for example, is trading as it was when gold was $1650 and silver was $17, even though it is in the S&P 500, has a dozen gold mines, and is the world's largest silver producer. The rug-pull which we saw a few days ago (11 August?) was probably to allow the institutional investors to buy everything.

>>21414686
Lol I did not know about the 25% contribution. Well paid Trump

>>21421036
they're not loved stocks, that's not unusal
mining might be thought of similar to the tobacco and oil sectors, it's something that sounds like the past and not the future. They don't make semiconductors or handle e-commerce.

>>21421071
Played*

I guess paid works too though

>>21421001
You are misinformed. Ive been holding for months and before today I was in the red.

>>21414686
holy shit
that mother fucker...

His executive order is what allowed congress to pull their shit and break without signing a deal. And congress will be happy to repeat the mortgage and foreclosure crisis, then blame the other party.

Yeah, I need to free up some cash immediately, but I hate taking losses...

>>21421092

There was actually a time when mining stocks were a part of every portfolio. I believe that the greatest bear market in history is going to give rise to the greatest bull market in history. Silver small caps went 150x when silver doubled. If silver is going 3x or 4x this time, and the GSR is reverting to 1:15, it won't surprise me to see DSV go 300x, 400x, or 500x. When the general public understands this, there is going to be a mania to which there is no comparison.

Bnkr.ca/BHLL niggers.
Just give it a $100, I am balls deep with 5k.
Read some releases on yahjew finance.
Your welcome

>>21421135
I guess it depends on your perspective

>>21421222
Checked
Why would I ever consider something that dropped from 163 to 7.50 in 1 mionth? Not buying but good luck anon

>>21415843
>I want out.

>>21413856
join https://ceo.ca/endr

>>21417921
>They only have this much money because of central banking
that's only partly true, and they'd likely have similar valuations if the money printer weren't going full blast. Less money but they money is worth more. And they'd be getting better risk-free returns in treasuries.

>>21413856
Don't eschew debt completely tho

inflation b comin

How important are these boxes and COE's from the US Mint? I have another 40 ounces coming and my safe is almost full due to these damn boxes. I was thinking of taking the rounds out with the COE's to put them in the safe and maybe putting the boxes somewhere else. My 300oz bars take way less space.

>>21420150

there's basically different tiers, although there's a lot of gray areas in the realm of juniors...

majors - these companies produce large amounts of gold/silver, have lots of locations and employees. i don't know if there's really a market cap cutoff, but i would call any producer with a 10+ billion dollar market cap a major. examples would be Newmont, Barrack, Agnico, etc.
midtiers - similar to the majors, just smaller. Yamana, Kirkland, etc.
juniors - some of these companies produce small amounts of metal, but a lot just own land rights, which they hope to either develop or sell off in the future.
royalty companies - these companies have almost no employees, and secure a stream of future metal, in exchange for financing projects. examples would be wheaton precious metal, franco nevada, sandstorm.

if you're in the u.s., keep in mind that most juniors and royalty companies (and maybe even some midtiers, i dunno) qualify as pfic's for tax purposes, and have very onerous reporting requirements if you hold them outside of a tax advantaged account.

>>21421311
Checked
Because they are in the middle of upgrades to a previously owned, currently offline for the past 30ish years, mine that was the 5th biggest in america and 20th in world for zinc/lead/silver ore.

Shit is gonna be bananas when they release proven deposits.

Buckle up gentlemen. Things are about to start getting pretty formerly well to do around here pretty fuckin soon. I said

FORMERLY
WELL
TO
DO

WAGTMI, fuck jannies, and CHECK these mutha fuckin digits

>>21421611
They'd be appealing for re-sale. I would assume going into a LCS it'd be a lot nicer to buy a box with a certificate of authenticity in an enclosed, fitted capsule in a nicely printed box than just a big hunk of metal in a plastic flip.

>>21421661
I'm going to end up focusing on the ETFs (GDX(J)/SIL(J)). Would you recommend I focus on any of those in particular or just do an even spread?

>>21418343

>>21421758

Of gold and silver:

Gold = least risk, most reward
Silver = most risk, most reward

Of miner ETFs:

Large-caps (GDX, SIL) = least risk, least reward
Mid-tiers (GDXJ, SILJ) = most risk, most reward

Therefore, on a scale of risk and reward, physical gold = least risk, least reward, and SILJ = most risk, most reward.

You have to decide what your appetite for risk-tolerance is in making your investment. I myself, for example, have put 100% of my money into junior silver small caps. This means, that, if I am wrong that this is a PM bull market, I'll be wiped out; but, if I am right, I'll make 150x on my investment. You have to decide how certain or uncertain you are about this PM bull market, and allocate your investments accordingly.

>>21421611
Will probably need a bigger safe eventually, but for the time being keep them in the box till you need more room. If you take them out of the box make sure to hide them somewhere as it would tip off an intrusive guest or burglar that you have silver somewhere in the house.

>>21421742
I'll give you my digis, anon. WAGMI

>>21421758

Of gold and silver:

Gold = least risk, least reward
Silver = most risk, most reward

Of miner ETFs:

Large-caps (GDX, SIL) = least risk, least reward
Mid-tiers (GDXJ, SILJ) = most risk, most reward

Therefore, on a scale of risk and reward, physical gold = least risk, least reward, and SILJ = most risk, most reward.

From this list, you have to decide what your own appetite for risk-tolerance is in making your investments. I myself, for example, have put 100% of my money into junior silver small caps. This means, that, if I am wrong that this is a PM bull market, I'll be wiped out; but, if I am right, I'll make 150x on my investment. You have to decide how certain or uncertain you are personally about this PM bull market, and allocate your investments accordingly.

>>21418073
Man you got all five? I'm missing one from the collection. Ah well. I'm still keeping an eye on those quarters. If silver gets over $30/oz again.

>>21421857
Thanks for the clear and concise answer. I have a mix of GDX and SILJ right now but it sounds like putting some in GDX would be good to balance things out.

>>21421923
>>21421895

You're welcome.

>>21421944
>>21421923
Mean to say I have a mix of GDXJ and SILJ right now

>>21421907
>all five?
no. i got 5 of the one kind, all the same.

and i have 5 of the San Antonios coming.

thats it

Can't wiat for the papies and stockniggers to get TOTAL WIPEOUTed come the crash, while physbros laugh in the distance.

>>21421750
>>21421869
I was worried you would say that. I should've just gotten another 100oz bar, but I was being cheap

>>21422057
>Not having both.

>>21422057
First I will sell my SLV calls.
Second I will sell my AG calls.
Third I will sell my PSLV.
Fourth I will sell my GDXJ.
Fifth I will sell my PHYS.
Sixth I will NEVER EVER my physical.

>>21421758

i'm pretty sure the etf's fall into the same pfic classification, but maybe it doesn't matter for relatively small amounts of money. do some research there if you're in the u.s.

>>21418199
Jelly, anon. Mine are still in the FedEx hell. Only about 20 miles away, but they're telling me it will be another 6 days for delivery. Hopefully they're wrong and they will be here tomorrow!

I picked up these today for $40, which is only $.50 over their melt price per. Imma go back and pick up the other two the guy had tomorrow.

FUCK IT
I think I'm gonna take the losses in half my SILJ and move it over to Barrick/RING for the weekend

>>21421888
Checked

>>21422200
Checked

>>21422166
nice. wish i had an LCS near me

>>21421888
>>21422200
>>21422222
Checked. Silver going super saiyan 4.

>>21421742
>>21421888
Based and CHECKED

>>21422057
Some of us have both. I have a lot more in physical than I do in miners, but I think you’re stupid for not buying miners.

>>21422195

You don't want to do that. Barrick is already up. Don't chase it. Be patient and wait in your position. Imagine if you sold SILJ on 18 June, and missed the consequent 70% move higher. The whole mining sector is going to soar because of this investment. It isn't about Barrick in particular. It's a starting-gun to cause a stampede of new money into the industry. SILJ will outperform Barrick by far in the long-term.

>>21422154
>holding the first 5 to begin with
>making calls on the most fiat version of fiat possible
No true /pmg/fag

Anyone made a new bread?

>>21422325
Oh wait, never mind
>>21421987
>>21421987
>>21421987

>>21422195
atta boy, keep chasing and panicking

>>21420555
No. They're due for a rise, but are still lower than they've ever been historically.

>>21422370
thanks for that, OP a shit.

>>21422372
It's more that I don't want to baghold, and I don't have physical gold so I don't mind increasing my exposure.

And Barrick has top notch management that is successfully operating mines during a pandemic.

>>21422423
so gold miners.
yeah that's not exactly the same as SILJ

>>21420569
was it the 1/10?
I wouldn't worry at all, you're golden

>>21422501

SILJ is just as undervalued as GDXJ, if not more so.

Anyone got that post the guy made about the link guy earning his mercury nickle? I was dumb and didn't screenshot it.

>>21422222
>>21422200
>>21421888
These digits...

>>21422613
>undervalued
often an indicator of market confidence

I can't tell you how many people were saying AMD was overvalued and INTC was undervalued before this earnings season.

Anons, what do you think the price of gold will be at the end of the year? I'm thinking maybe 2300 or 2400.

>>21422423
>>21422857
5k

>>21417159
Idk if there's any significance to it, but he also bought a shit ton of stock into Bank of America

>>21420104
Thanks for this, I'm a single dad with full custody and although I'm an idiot who will die poor I will make sure through my investments that my son does not suffer the same fate

>>21420198
Then why are there several generals of the same crypto?

>>21417218
The Dems were trying to sneak it in on the first Corona stimulus package

>>21419452
find study pls thx

>>21419517
>>21419384
Idiot socialists blame these decreases in living standards on "capitalism" when it's the central bank causing these problems.

They also don't understand that taking money from the rich and spending it would simply increase the price of all consumer goods and services. There is basically zero point to eating the rich.

>>21421742
The left side should say "has a picture of an evil tyrant on it"

Why are a LOT of miners located in Canada?

>>21423605
Because we have superb mineralization. Africa of the north