/biz/ - Business & Finance

frinedship

>>21421987
>tfw pet rock is fren

How 2 deal with fiatfags?

All frens welcome.

>>21421987
I'm almost tempted to buy another ounce of gold right now, but I only have 950 in my account currently.

Some of you guys are ok, don't go to the comex tomorrow

>>21421987
Shoulda went Cherry Coke edition

>>21422473
its closed

I was just explaining to my old lady what a piece of shit flip flopper buffet is. Boomer faggot eating McDonald’s (no offense sergey)

>>21422443
Burn them along with the paper.

Hitler.

>>21422443
then everyone clapped

>>21421987
I have $10k, someone tell me how to spend it.

"Warren Buffett's Berkshire Hathaway

New Stakes

BARRICK GOLD CORP. (NYSE: GOLD) new 20,918,701 share position

Liquidated Stakes

Goldman Sachs Group (NYSE: GS) liquidated"

>>21422559
What's your risk tolerance and time frame?

>>21421987
Shiny pet rocks are best frens.

>>21422512
>piece of shit flip flopper
even old dogs are allowed to change their minds.
And he's so high profile that he has to moderate what he says or get taken out by glowies. He could single handedly crash the market by saying the wrong thing, and that would basically create an instant-recession.

>>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

>>21422559
are you satisfied with your current sexdoll?

>>21422569
Whats that, about $500MM? 1% ownership

I got my bat boi today, I really like the 5oz size. I don't think I'm going to make it, but I'm trying. Hopefully we get another dip so I can buy some more.

>>21422664
A little over. That's pretty much the max they can buy in a quarter for a company that size without pumping the price. If it's a Warren buy, they'll keep adding until it's between 5-10%. If its a Greg or Todd buy that's as big as it's gonna get

>>21422664

The significance of the Barrick investment is that it is a starting-gun for people to stampede into the mining industry. Institutional investors and the general public are now going to see it as having Buffet's sanction. And the significance of his changing his mind about gold at the age of 89 will not be lost on them. The mining industry is so minuscule and neglected that only a small amount of new investors will send market-caps soaring.

>>21422569
>>21422664
Unironically the only non-gold based stock I own is BRK.B. When I saw he wasn't jumping on the irrational moon mission train, and BRK.B was depressed compared to the rest of the market, I bought up some shares. He might be old but honestly think his style of investing is best suited for these sort of times.

Fresh from selling the bottom on airlines, Buffet now fomo's the top on gold

>>21422777
>Holding over 100 billion in cash and operating one of the world's largest financial services companies
>Best suited for these times

>>21422777
checked
it's probably not, his style of investing is best suited for times when companies are allowed to go bankrupt, and there isn't enough easy money to cover up holes in your balance sheet.

>>21422853
cash equivalents, not literally USD
Also berkshire is a conglomerate that runs a bunch of companies, it's more than a portfolio of stocks. It may payoff to have all that cash on the books when he needs to pump money into his railroad company or geico or whatever.
Unlike many other companies, Berkshire isn't likely to get big bailouts.

>>21422707
beautiful

>>21422853
Short run I don't think having cash is all that dumb, long term it will be. I think he wants the cash on hand to buy up all the soon to be bankrupt businesses once their debt spirals.

>>21421987
happiness is knowing this ugly wrinkly fat old dinosaur will die within our lifetime

Been stacking for about a month now and interested in some miners. Moving to Colorado soon... As a shareholder you think it's possible to visit aurcana's mine? Interested in seeing their operations.

>>21422707
Nice bat boi

>>21422515
In the actual video the dreadnaught says to the Eldar in a completely deadpan voice

>I have come to destroy you.

https://youtu.be/rguPkHT5KkQ?t=89

>>21422937
Cash equivalents are cash because they are accepted as money in large transactions. When you're dealing with that much money, the only thing a counterparty will accept is TBills. Berkshire runs one of the world's largest reinsurance companies. They have hundreds of billions of dollars of potential liabilities. They also have the greatest insurance managers in the world, but it's more of an insurance company than a traditional conglomerate like Samsung, Tata, or General Electric. If Berkshire's general re was at risk of failing (geico is pretty much impossible to implode) it could potentially crash the world economy. It would get bailed out in a day.

>>21423006
>As a shareholder you think it's possible to visit aurcana's mine?
I call up interesting businesses fairly regularly and tour them. Sometimes they can accommodate or have someone that does them. Sometimes smaller ones can't though, or maybe Aurcana might not because of liability (trips and falls when walking the property). Always worth a call. Worst they say is no (just like asking a girl out!).

>>21422937
>>21423036
Thanks frens. I can't decide if I should like cool it for a while and see if there is another dip, or if I should buy another oz of gold now, or what. I feel like the right move is to hang tight for a bit considering I bought most of this at near or at ATH.

>>21423058
I know. It was a nice game, though DOW1 will always be my favorite.

So here's something to discuss - what'll happen to miners post-crash? Will they retain their mid-crash value, or go back to undervalue with time?
I moved all in on phys a while ago, but it's this other side of /pmg/ hasn't really gotten much dicussion as of late.

>>21423120
Most mine sites don't do tours anymore but you could probably get in if you ask nicely and follow all their rules.

>>21423239
The "Mountain of Corpses" trailer for Dawn of War III quite literally chokes me up and looses a tear or two from my eyes, but god damn if that isn't the quintessential "the trailer is better than the game."

>>21423120
Have you toured any businesses during corona times? Never thought of that before and sounds fun but now they probably are scared of liability.

If you have disposable cash I would buy more silver as you seem very heavy in gold based on that picture. I stack at a around 100 to 1 but some people like Mike Maloney stack at over 500 to 1. If it makes you feel any better silver still isn't at ATH compared to gold.

ZeroHedge's summary of Buffet's long-standing hatred of gold really drives home the colossal significance of the Barrick investment. I love the fact that even the stock name is "GOLD." I'm sure that that will cause a lot of confusion for people, and even make them think that he is buying the physical metal.

>>21423120
That may be wise, but if there's little movement come time for COMEX to come correct with their deliveries, you may want to buy right then

How are things today in the world of /pmg/? I see Warren Buffett has bought into Barrick Gold Corp, isnt that an interesting decision.

Been working again but had to call it quits for a few days on the clients minesite, wet weathers made the road in even worse and the new excavator isnt coming for at least a week.

>>21423528
This the salted one? You spoke to your employer yet about it?

>>21423497
He's known for his stock prowess just because of that: stocks and bonds. I'm not saying he's totally ignorant of physical metals, but he may be making this power play on the massive awakening to gold that's going on right now, possibly even dumping before he croaks. Basically, he's about to pull the biggest, billion dollar pajeet level PnD known to the economy

Hi I'm a retard and only have 1oz gold. Am I too late to buy silver? How do I avoid getting obliterated this year?

>>21422579
I mean, I’m comfortable with some risk but I have a young family so can’t outright gamble on moonshots.

Seems that Warren Buffet's father Howard was just as enthusiastic about gold as Alan Greenspan.

"Human freedom," said Buffet, "rests on gold redeemable money."

Alan Greenspan: "Gold stands as a protector of property rights. Gold and economic freedom are inseparable. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."

>>21423404
No, not during coronatime. Nobody is doing them. I mostly do them when I travel. I love business and learning about different companies, so even when I was a kid I'd try to check out a different business when I travelled. Probably been through 100 different manufacturing companies, small and large. I recommend boat builders (amazing to see how they turn fabric and resin into a solid boat), leather manufacturers in Italy, automotive factories (although they do more assembly in those than actually crafting), also pipe manufacturing is really neat to see, and block manufacturing (engine blocks)/casting, CNC shops are neat too. I get turned down a lot now that I'm older, it was easier as a kid. I'd love to check out a mine, maybe one day!

>>21423509
How do I watch that? Is there a schedule?

Picked up some 50% royal visit florins for a little under spot.

>>21423623
Buy MINERS idiot

Aurcana and BNKR

>>21423404
Oh and I got so excited talking about touring businesses I forgot about your gold/silver response. Yeah, maybe I'll buy a bit more silver this month. Thanks. I still need 5 more rounds to fill up that jug, and maybe I'll get a second 5oz coin. I really like those.

>>21423656
>Alan Greenspan: "Gold stands as a protector of property rights. Gold and economic freedom are inseparable. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."
Greenspan COMPLETELY changed his mind on gold and became a turbo keynesian bastard.

>>21423602
Client now agrees with us that the claims salted, the Clients in talks with the RCMP and Mines Inspector about what to do. My work mate and I are going to continue to "test" the site but were really just teaching the Client how to prospect / operate a mine.

>>21423617
If the Fed implements YCC, there isn't going to be any dumping.

>>21423497
Damn this is huge. If his logic has stayed the same and he thinks people only buy into gold when they're fearful, he's basically betting on the public getting more and more afraid and traumatized by current events over the coming years. kek

>>21423623
When you're buying PM, you're in it for the long haul. Best to just enter where you're at and DCA as much as possible. It only goes up over the course of time, save for black swan events that cause sudden crashes. Even then, that's the time where it's best to snatch as much of it as humanly possible. It's a finite thing, whereas fiat, crypto, stocks etc. can be printed or duplicated with the click of a button. Try scanning your gold and hitting print. That'll show you true value in something

>>21423617

I'd like to hope that Buffet is returning to the principles of his father, even in his oldest age. I'm reading through Howard Buffet's essay on gold now, and it reads like a /pmg/ post. How on earth don't more people know about this?

"When you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold,and the rare prize known as human liberty.

...

The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers.

...

Unless you are willing to surrender your children and your country to galloping inflation, war, and slavery, then the cause of gold demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money."

>>21423656
I remember reading that warren preferred silver to gold, he said it was more useful.

There lay a man defeated, writhing in the fluid waste of his own embarrassment, brought to his sorry state by gold.

>>21423694
Where to buy?
>>21423751
So it's not too late... good

>>21423796
Very curious to read more on his father. I always just assumed Buffet was the lone financier in his family. If he grew up with this kind of an influence, it makes me wonder exactly how he strayed so far from that path and general ideology on investment. I mean, clearly he's done ok for himself as history has shown, but it's a fascinating thing to consider.

>>21423673
Nice score

>>21423917
>be baby boomer generation
>stocks only go up
>every other asset is for fools

it's called recency bias.

>>21423917

This essay is such excellent, manly, common sense. I don't understand how anybody could grow up with a father like this and cast such aspersions against gold. I suppose that Plato was right that virtuous fathers tend to have vicious sons.

Howard Buffet sounds like Peter Schiff here:

"The paper money disease has been a pleasant habit thus far, and will not be dropped voluntarily, any more than a dope user will, without a struggle, give up narcotics. But in each case, the end of the road is not a desirable prospect."

>>21423114
Gold was reclassified to a tier 1 asset by the BIS last year. For central banks, gold is now equivalent to Treasuries for liquidity requirements.

>>21423917
Howard and Warren grew up in very different times. Warren basically always had a tailwind behind him, versus Howard was an adult through the Great Depression. Same reason boomers always say "kids these days, they need to just pull themselves up by their bootstraps like I did!"

>>21423981
Do you have a link the article?

>>21423905
Just buy in smaller amounts during any bull run, and should a sudden crash happen you should always have some cash reserves or a credit card ready to max out in jewish debt. It's how I've approached the way I invest in anything. This isn't like crypto where you just ride the pump, get out, rinse/wash/repeat/. This is a slow and steady burn that not only leaves you set up later down the road in life (or in the apocalypse), but gives you something you can physically hand down for generations.

>>21423796
Why does he mention those three but doesn't mention FDR?

>>21422473
>>21422508
We won't be so lucky next time.

Buying into a miner is not the same as buying gold. He might just be anticipating a speculative gold rush, along the lines of why he has criticized gold in the past, and then figured he could buy into a large miner and make immediate cash of that - only to sell when doomsday didn't pan out.

>>21423528
How's it going Panman. Just got my papers to start going at some Megumic gold. Sorry to hear about weather issues, opposite here, things are so dry a hot piss could start a fire.

>>21424059

https://goldstandardinstitute.net/2012/04/15/human-freedom-rests-on-gold-redeemable-money/

>>21423796
Also, Hitler's first two moves were to ban/shut down the fag bars and get rid of interest.

>>21422774
Guys... Don't tell the cryptofags about this, I swear on me mum, if I see any threads outside the general ill fookin smack ya in the gabber

Metal gains for metal chads. Let the other cucks drown in their sea of shitcoins.

Is anyone else as thrilled as I am to be watching the slow burn start of the modern Gold Rush? A camp of 40 people have quietly setup shop near Likely BC and are starting to dig with highbankers and sluices. None have stable jobs, they all are looking for the old standby.

>>21424085

He talks about the policies of FDR, but doesn't mention him by name. Perhaps thought it would be too inflammatory?

*

"In a free country, the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians. Our dollar was that kind of money before 1933. Under that system paper currency is redeemable for a certain weight of gold, at the free option and choice of the holder of paper money."

...

"From 1930-1946 your government went into the red every year and the debt steadily mounted."

...

"Before 1933 the people themselves had an effective way to demand economy. Before 1933, whenever the people became disturbed over Federal spending, they could go to the banks, redeem their paper currency in gold, and wait for common sense to return to Washington. That happened on various occasions and conditions sometimes became strained, but nothing occurred like the ultimate consequences of paper money inflation. Today Congress is constantly besieged by minority groups seeking benefits from the public treasury. Often these groups control enough votes in many Congressional districts to change the outcome of elections. And so Congressmen find it difficult to persuade themselves not to give in to pressure groups. With no bad immediate consequence it becomes expedient to accede to a spending demand. The Treasury is seemingly inexhaustible. Besides, the unorganized taxpayers back home may not notice this particular expenditure — and so it goes."

>>21424179
Not to bad other than the weather, I am enjoying working for this guy even if my work mate Bam and I had to be the barrows of bad news. I am watching the slow quiet stream of people coming into the area looking for mining claims and places to dig. Its a shame most are young guys with their families looking for gold instead of work, but thats where we are, a modern Gold Rush.

>>21424240
I sure am. Not sure if I should buy another ounce of gold before monday.

>>21423624
Probably go for big names then, just buy the GDX and some physical (10 oz of silver for every 1oz of gold) and leave it alone for a bit.

>>21424240
It's all very exciting. I'm hearing about more talk in NS. ALL pans were sold out from the north side down to outside Halifax. Claims are going private all over

>>21424308
Nice. Thanks anon.

>>21424186
Cheers.

>>21424226
I mean, in his defense, interest is bullshit.

>>21424364
wow see that was fast! No stretch of good ground is open right now in BC, and the Yukon's had to send out 2x the normal teams to verify posted claims.

>>21424333
Checked. Yeah it'll be a hot time for inexperienced mistake makers to sift any dirt they can. God forbid they take the check and just work for someone with a documented deposited.

>>21424414
Looks like the Rockie rush is going into another loop. I hope the claims get worked, I remember when I lived out there the claims were all in name but no one was out working them.

>>21424338
What's the management fee on GDX?

>>21421987
Reject fiat embrace rock

>>21423739
That, or he himself, is afraid of the way things are about to go.

Note that he's not gone into Silver, the historically more public-ended PM (which would move better along the conecpt of public fear), which matches his ethos of going after undervalued goods and has a higher potential for profit.
No, he's gone into Gold. The one thing he's shat on all his life for not making any money, and only being useful as a value retainer. He's bracing for an impact; that, or he's going to try to short it in time for COMEX (which even then, why not Silver miners?)
The yellow brick road looks to be pretty eventful soon.

>>21424240
Big if true

>>21424408
Apparently.
https://www.bitchute.com/video/v9Pm76ZQPiF1/

>>21424424
most dont know anything about how the rules work or how to actually mine, but they are determined to try at least. A group of really poor looking chaps from Vancouver bought 3 claims together on Grouse Creek from a local and seem to be building old style flumes, so someone in their number must know what there doing.

Highly recommend you guys listen to this. Gives a lot of perspectives on the current economic climate and central bank policy.

https://play.acast.com/s/theeconomistmoneytalks/moneytalks-theageoffreemoney

>>21424408
Hitler was a VERY naughty goy.

That is why the entire jewish world came together to destroy him, and still to this day is painted as the ultimate evil. They don't want to risk anyone EVER getting the same ideas again.

>>21424543
When I go by there again I ll take some shots of the camp. Theres apparently already an established homeless group of miners near Hope on the Fraser River but its too high right now to really work.

>>21421987

>>21424186
There are some parts that jump out and literally echo what's going on today:

>Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.

To me, this massive printing and the sudden rise (even though they've been LARPing for years) of antifa this year seem to go hand in hand almost. Handouts by the billions and these leeches start coming out of wood work demanding more (and yet less government, ironically and unironically).

>There is only one way that these spending pressures can be halted, and that is to restore the final decision on public spending to the producers of the nation. The producers of wealth — taxpayers — must regain their right to obtain gold in exchange for the fruits of their labor. This restoration would give the people the final say-so on governmental spending, and would enable wealth producers to control the issuance of paper money and bonds.

Enter Judy Shelton. The mere mention of going back to a gold standard has most politicians coiling up like a scared snake. When we began deviation from the standard when Howard mentioned, you gradually saw more and more control go to banks and government, getting us to the point we're at today, literal slaves to our jobs making cuckbucks for those promoting more work for middle class and less wages, just saying, "hard times, gotta save where we can so get the fuck back to work."

Thanks for sharing that link, it's another eye opener for us all to think about

>>21424553
That an the advent of internet learning my friend. A solid week of studying and they can take a comfortable walk into a heavy jog for work production metaphorically.

>>21424543
>he's not gone into Silver, the historically more public-ended PM (which would move better along the conecpt of public fear), which matches his ethos of going after undervalued goods and has a higher potential for profit.
>No, he's gone into Gold. The one thing he's shat on all his life for not making any money, and only being useful as a value retainer.
Fuck it, I'm buying another ounce. Time to shop around.

>>21423497
>>21423617
>>21423739
>>21423796
Guys, calm down. We don't know it was buffett, it could've been Tad or Ted, and when he gets interviewed about it he might say as much.

That Barrick position is 0.28% of the portfolio

>>21423733
dumping of bank stocks?

>>21424226
Germans have a rich and homosexual history?
Does this explain their fascination with human excrement?

>>21424708
yep, and I hope they do well, but only time will tell.

>>21424560
BASED ECONOMIST
I never got around to reading that week's issue, but I was posting some of the covers.

>>21424611
>homeless group of miners
wat?
but they can afford to stake a claim?

>>21424739
>dumping of bank stocks?
Possibly. He did dump both JPM and Goldman Sachs, though he bought BAC

>>21424822
nah there probably squatting and the claim owner doesn't know yet. There about 4km up steam from Hope, on the highway side of the river, so probably hard to spot.

>>21424739
Reminder, that the 13F was through Q2 2020. In other words before July, before gold/silver started really taking off.

Wait until you see the Q3 numbers

>>21424804
Forgo the lunch and work a slaves shift day in day out, if the claims are good and they are thorough, they'll be better off by a deviation of 1000s, compared to being homeless in Vancouver

>>21424736
That anon is just wrong, Buffett prefers silver to gold. I've read that and heard that in his annual meetings. He may personally own a lot for all we know.

>>21424822
I'm a subscriber also. I'm mixed on their politics, but I like the distilled world news and quality writing. They are at least up front about their politics, they are globalists and say so in their ethos statement. Even at odds, I find it education and outside my echo-chamber of hitler memes. For the other side, I like Christian Science Monitor. I'm not religious, but they have some great articles and it's not really religion focused.

>>21424673

Thank you for sharing your thoughts. I wish most people were aware that, without gold, you really are nothing but a slave. If you can't protect your toil, if the people in power, at a moment's notice, can steal the reward of all your labour, what can you possibly be, by definition, except a slave? The more I think about it, the more horrific appears the idea of confiscating gold.

The socialist would plead that government knows better than the individual, and that it is his duty to be enslaved. But we know that that isn't true, and that, insofar as a society is socialized, it is inferior.

>>21424902
Claim hoppers are going to be a real SOB if we get a world wide rush for PM.

>>21421987
Is it worth buying proof 1/10oz gold libertad with a cert for 360$? I don't care about proof coins but I really wanted a gold libertad and don't have the money atm for the full oz one.

>>21424963
they already are, I ve already caught and told off dozens of them this year, but most arent doing it on purpose, they have 0 idea how the claim system works. There almost always a guy and his son wanting to dig for a day or two for a camping trip, which I dont mind at all. The mechanical claim jumpers will be more active though.

Guys what's your opinion on based huwhite man EB tucker? I read his book called "Why Gold Why Now" and it was fucking excellent. The man is a genius, like 150 IQ easily, and sees fact patterns like it's second nature.

https://www.youtube.com/watch?v=PYaYnxIR7Fk

I can't be the only one in here who knows about him. He's on the board of a pretty new royalty company called Metalla Royalty and Streaming who is about to go into the stratosphere.

>>21424978
thats so fucking expensive... don't do it anon
>>21424963
i would assume after a couple get shot, most people won't be dumb enough to keep doing it

>>21424953
>That anon is just wrong, Buffett prefers silver to gold.
That's what anon said though
>he's not gone into Silver, the historically more public-ended PM (which would move better along the conecpt of public fear), which matches his ethos of going after undervalued goods and has a higher potential for profit.
That's what scares anon. Instead of buying silver miners, he bought gold miners.

>>21424560
This was the fucking end of april issue, they were on point then too.

>>21424953
That's a good analysis and similar to how I feel about it. Maybe it's because they're londoners they don't have to totally demonize the other side while pretending their shit doesn't stink.

>>21422853
>holding cash in a hugely overvalued market pushed up temporarily by fed spending in the middle of a recession

yeah?

>>21424560
This was the fucking end of april issue, they were on point then too.

>>21424953
That's a good analysis and similar to how I feel about it. Maybe it's because they're londoners they don't have to totally demonize the other side while pretending their shit doesn't stink.

Economist can also be surprisingly traditional sometimes, when you'd expect them to be "progressive". Stodgy, old brits...

>>21425015
Yeah, a son and father having a bit of fun is never really bad. Both are willing to learn and generally are well mannered. But the solo buck with a pump and sluice, gunna be a real treat dealing with them. I don't envy you. Thankfully most of the work is load in NS so claim hoppers don't play long when they realize they don't have the equipment. Can't just pan the river and strike a pay out here, the placer is here but more to indicate which hills are load.

>>21425023
I hope violent gold crimes don't increase in the next decade but I wouldn't put it past selfish uneducated people trying to strike retirement.

Hey /pmg/, first timer here, any advice on silver?
Also Hitler was right.

Imagine if someone told you one year ago this would happen. It all seems unreal

>>21425206
well for one most of the violent types are druggies looking for a quick high value score but give up because its too much effort, and the others are really well practiced jumpers who actually know what their doing and get away with dozens of ounces while leaving you the claim owner with a massive mess.

As a side note, apparently Washington state is trying to ban all placer mining in the state due to some insane medical study that liked highbanking to native american obesity. AMRA is working on it though.

>>21425278
>any advice on silver?
Yeh, get some asap that you can actually hold in your hand. Gold and silver is real money with a 6000 year proven track record. Don't be fooled by the paper jew, get a nice fat stack of silver (currently way undervalued prepared to gold, but both are) should be your first priority.

>>21425172
Yeah, their economics team is very good. In that podcast they show views from the whole spectrum, even a guy who proposes negative interest rates.

>Economist can also be surprisingly traditional sometimes, when you'd expect them to be "progressive". Stodgy, old brits...
Haha yeah, every once in a while they'll surprise me. I like the The Economist "Espresso" app and newsletter also - it's super efficient for a quick update of world news.

>>21425278
faggot off fuck Go now

>>21425356
compared to gold*

that was a brainfart.

>>21425278
4 things.
Yes, he was right.
Stop doing this shit, you'll bring jannies and glowniggers here.
Read the OP for starters.
Lurk more.

>>21425356
/pmg/ correct me if I am wrong here but miners should be a very close second priority to acquiring physical, right?

>>21425278
Buy SLV dumbass

reminder that stocks will always outperform pm in the long run. If you want to create generational wealth please change your ways

>>21425344
Checked and lend. Highbanking to obesity, what a fucking laugh.

I gotta pack it in for the night, 10pm on the east coast. Enjoy your evening. And to the rest of you as well

>>21425433
>stocks will always outperform
which ones?

>>21425477
Nighty night! Stay bent!

>>21425344
>Washington state is trying to ban all placer mining in the state due to some insane medical study that liked highbanking to native american obesity.
The absolute state of things.

>>21424231

>>21425433
Not if they go to zero. The stock market right now is a bubble that is about to burst, and unless you have real currency (as opposed to fiat) you won't survive the transition. 5-6 years unemployment, non-performing stocks to the point where you have to withdraw your 'value' in order to pay your bills, and the potential that you have to flee to another country and set up shop there. You can't do any of this without PMs, gold preferably.

Why do you lie?

>>21422768
based berkshire-bro

>>21425606
just about anybody can say that about anything if you simply pick and choose the time periods...
but overall hes correct. now will he be correct in oh about a week. nope but will he be correct again in a few years, probably.
but who hold metals long term with the intent to sell? no one does, they always buy in cheap and wait for the recession to cash out.

>>21423673
Nice!

>>21425419
Yes, but miners leveraged, but also inherently riskier. They are companies that can go bankrupt or have a bad time etc. You can reduce the risk by investing in the ETFs with a broader selection of miners like GDX/GDXJ/SILJ, but make sure you also have some metal.

If metals go up in price, it's not a guarantee that your chosen miner will. If we go to a PM standard, there is also a risk of nationalization, total stock market meltdown, etc.

Have some of both.

>>21425680

If you bought the top in 1929, then, adjusted for inflation, you had to wait 63 years before your stocks were consistently going up again. And that's according to the CPI. Adjusted for real inflation, who even knows if you would have made your money back, even to this day. The stock market crash, when it comes, won't happen in nominal terms, as in 1929; but, in real terms, as in Weimar Germany, it will be even more calamitous.

>>21424186
Based

who has a rebuttal to:
>mint prices are more than regular mined so mint prices

you can tell it's a todd or Greg pick because it's a tactical investment instead of a strategic investment

>>21424925
Does Peter lurk /pmg/?

>>21425559
So, apparently JM Bullion has the cheapest gold I can currently find at $2,006. Anyone know anyplace cheaper?

>>21425866
i wouldn't be surprised if he has an assistant or maybe a relative who does. because yeah sometimes your like... hey wait a minute...

>>21424925
see
>>21425786

>>21425786
So, what would define a strategic investment?

>>21423673
just curious
is it easy to find kiwi metals in oz, and vice versa?

>>21425568
Mic drop

>>21425433
Nice try, Schlomo

So I'm mostly in SILJ and GDXJ and have a small cash amount left over. I was thinking to put in an individual miner stock as a moonshot.

What do you guys recommend, I was thinking to pick up some MUX

>>21426152
I have PAN MAN's list from June if that helps.

>>21423528
You gonna shuv some of that gold in your pooper when you find it?

Barrick Valuation based off ONLY GOLD RESERVES at $2k / Oz.

Barrick Valuation based off ONLY GOLD RESERVES at $3k / Oz.

Will AUY moon this year?

I accidentally bought 2 kilos when I meant to buy one. Good thing I'm a retard.

Working on my bullion pricing script.

Works on pure metals and US 90% junk currently.

>>21426224
Heres my more recent list too, i ll do one again in Sept / Oct when all the Juniors have their drilling results public.

>>21426042
I see it a fairly often on the private market. NZ only had 50% and only until 1947. Australia had .925 until 46 and 50% until 1966. I dare say Australian stuff is floating around in old tins in boomers houses in NZ

>>21422977
Speak for yourself, zoomster.

>>21426476
Beautiful. Thank you PAN MAN.

>>21426476
Thanks, never heard of Trilogy, but seems very interesting

>>21421987
This is how you know boomers are fucking retarded in almost everything and fomo all the time which bids up prices. Gold is going to crash, only retards are buying now. Remember supply side crunch, it’s going to crash and retrace to 1400.

Who are the retards buying gold and silver? Anybody buying after Jan 2020.

There is a tour of the Aurcana mine that was uploaded today on YT.

https://www.youtube.com/watch?v=am9eADLcx6A

>>21425996
strategic is low price and good value when nothing really changes
tactical is betting on a near term development (higher gold prices)

>>21426624

>>21426484

>>21426624
he's not even using bait at this point

>>21426644
That makes sense, thanks anon.
If the Fed does do YCC, would that change this from a tactical move to a strategic one then?

>>21426655
Never 4get

>>21426655
Learn the fundamentals of gold, silver and money first. It took me nearly 3 years and a lot of research and reading. You fags are all fomo retards, remember that making money off gold is fucking retarded and you zoomies are delusional.

>>21426371
Good thing they will ship in 2 months and be 3 weeks apart

>>21426690
I love the 66 rounds. I managed to pick up a fair few early in the year before they went to silly prices. I still get lucky every now and then if I put a wtb on gumtree.

>>21426705
>t.2020 retard

>>21426710
the fed already does YCC on the short end of the curve (fed funds rate) and long end of the curve (buying treasuries). YCC is a big meme and giving a name to something they already do. Right now they heavily influence the curve. Is that control? pretty much

>>21426750
>Learn the fundamentals of money
>money
>Is mad that people are trading currency for Money
>Is mad that they aren't trading currency for tickets at the Hebrew casino
>Is mad that they won't trade their money for his cryptoscam project he started 2 days ago
I can smell the curry from here.

>>21426635
holy shit that ore on face looks amazing! look at the layering on those veins! Great looking galena / sphalerite!

>>21426750
>>21426863
>Learn the fundamentals of gold, silver and money
>and money
It was at that point, that he knew he Fucked Up.

>>21426788
Oh. So, you don't think it's going to go beyond 0%?

These threads are super comfy.

>>21426863
Outting yourself as a fomotard kid. Bet you hated gold and silver when it was cheap and got on the bandwagon of the current pump like 99% of people on this general. I was already positioned in gold and silver way before you fag and have zero cryptos atm but I’m learning about it and taking my time to position myself. Kys

>>21426774
Yeah they're quite lovely. I have two tubes of 30 each, a few of them are still very shiny. Unfortunately there's little chance of scoring one randomly since I'm in NZ, so the ones I find are very explicitly sold by people who know what they are, heh.

post stacks. this is mine until my antelopes come in the mail. excuse the godawful green reflection

>>21426870
Dude I'm fucking STOKED. I guess they don't call it one of the highest grade for nothing.

>>21426955
It's not a "pump". It's hyperinflation. Your paper is becoming increasingly worthless. The value of gold stays the same.

>>21426990
I think that the green makes it look better desu

>>21427005
Crack open a hoppy IPA while you're at it.

>>21427005
i love there still going with railway, but i assume in the more modern parts of the workings they will switch to "vein runner" scoop trams and haul trucks. You wouldnt be able to get anything bigger in a mine like that.

>>21427026
It was also hyperinflation in 2011-2012 and yet it crashed and the money supply still grew. You know NOTHING.

>>21426990
Mine is locked in the safe at home currently. I can post pictures of the orders, though it's not the same.

>>21426990
Very nice. I like the 10oz bars. mine is here >>21422707

>>21426917
there's no limit to human stupidity but when you go below 0% i'd imagine things would start to break in weird ways.

I don't think banks would want to say hey, here's a $100 loan, and just give us back $99. it's not sustainable and it's not capitalism.

If the fed said they would compensate banks and pay them a dollar for giving you one, then that would work but also wouldn't be sustainable.

I just watched 1917 and I'm feeling shook. One of the most haunting things I've ever seen. And the entire conflict was funded by currency debasement. We need an amendment to force governments to accept taxes only as bullion and pay outlays only in bullion

>>21426990
waiting on my gold sovereign and 10 more oz in the mail but this is the current stack

I love how after the stormshitters all got b& there's still this one guy doggedly spitting disinfo and retarded bullshit. Well, keep it up I guess, maybe someday you'll be a real human bean.

>>21426655
Checked and BTFOpilled

>>21427223
/lit/?

>>21427170
>I don't think banks would want to say hey, here's a $100 loan, and just give us back $99. it's not sustainable and it's not capitalism.
That was happening at the very top of the housing bubble. Banks were offering 100% no-deposit loans AND to cover expenses such as moving, insurance for the first year, and similar shit. When I saw the first TV ad selling that I told my parents to sell their shitty rentals, but they didn't. Took them years to get out of that hole.

>>21426337
Fug. I’m buying more on Monday.

Guys, I own 0% gold. Is it bad that whenever I go to buy gold I end up buying silver instead. I think I have a problem.

>>21427314
nope /biz/, /pol/, /a/, for the most part
I may be a degenerate weeb but I still know a good book

>>21427038
i disagree, but thank you. you can also see a bit of my xfiles poster in the reflection on the SilverGoldBull bar lol
>>21427105
>locked in the safe
good idea, I'll get there one day
>>21427109
sexy stack fren. I definitely need to get some gold soon, like pic related
>>21427223
I'm jelly of your merc dimes. How much do you guys pay for them? People on ebay seem to be willing to pay way over spot

>>21426955
This is some of the worst quality crypto shilling I've seen in a long time. You're begging some poor bastartd to ask you 'what projects have you been researching' so you can play hard to get for 2 posts, before 'letting him in on the next big thing'. You'd have to be pretty young to think that level 1 hoboscams are going to fly here.

You had better be careful before I let the Brahmins know a dalit has been on the internet again.

>>21426990
I'll always be upfront about being a stacklet. But since spring this year I finally took the financial redpill and dived in. A few years from now I'll post pics of this hopefully flowing out of my windows

>>21427203
is that on youtube?

>>21427335
>I'm jelly of your merc dimes. How much do you guys pay for them? People on ebay seem to be willing to pay way over spot
So i purchased them with some coins/rounds 20 dimes plus 10oz of coins/rounds came to 305.28
so 305.28/11.44 came to an average of 26.68/oz
that is the only data I have I don't have the dimes separate, sorry, but I remember them being an ok deal. Nothing great but not bad

>>21426635
Watched earlier today when another anon posted it. Might double my position

>>21427369
there's no shame in having limited resources

you do the best you can with what you have, and hope you place the chips on the right square is all

>>21427223
How is your version of the Gita so small? Mine is ALMOST as big as both of those copies combined.

>>21427369
I am a stacklette too anon so don't feel bad
You are going to make it and you know who? Well for one only 12% of the US owns gold and 14% owns silver. Two you are taking advantage of the wealth cycle
https://www.youtube.com/watch?v=l-knwwD-PZc
stack what you can and keep your loved ones close. If you can do those things you are better off than the bulk of people in the world.

>>21427334
/biz/, /fit/, /pol/ and /a/ in that order of where I spend the most of time here. I find it to keep a well balanced life

>>21427348
Whatever retard, can’t wait to see the pink wojaks after gold and silver crash and you fags hating gold and silver again. I’ll be the one picking up the pieces and stacking lol

>>21427607
and less than that owns physical probably

>>21427560
The one on the right has notes from a guy but the one of the left is just the translated text, no notes, and honestly that is my preferred version.
There are dishonest spiritual gurus who will try to sneak in all types of bullshit and I prefer just the text alone when I can find it.

>>21427645
l2GSR

>>21427369
everyone starts somewhere, I'm a stacklet too. You have some nice coins there though
>>21427424
That's okay, I was just curious

>>21421987
You Metal Fags wanna know what's really going on? I'm at a BC resort up in the Rockies and it is FILLED with Very Rich Actual Boomers, and their boomers kids and such. This isn't THE END but the next step in the ongoing NWO plot from the illuminati days. Breeding the next class of slave. The Elites noticed their post scarcity initiative wasn't working, so had to dial it back a little before full mouse utopia took place. These "/polfags/" are exactly that, a aggressive tribal class to act as a middle management and enforcer unit for the next few decade or so. Yes, Gold/Silver will make you a SHITLOAD of money. NO, we are not going to a PM standard just yet, but enough wealth will be transferred to them to ensure a proper breeding program is achieved.

I don't know about you, but I'm gonna try and get hooked up with this operation. Being the leader of the enforcer class ain't too bad of a spot eh?

>>21427645
Crash when? Anytime I buy it goes down so if I just hold it'll never crash
we did it bois we fixed the economy

>>21427771
Sounds too good to be true.

>>21427058
Great idea! I'll be sure to get one when I go to the Barcade later!

>>21427771
>cringe schizposter

Am I reading this correctly, that the comex delivery date is the 29th of September? Does this mean we will find out the numbers on this day of how many ounces of gold and silver they need to deliver?

Wait so what's going to happen now that there is no stimulus deal until September? Does anything big happen... in.... September...?

>>21422798
>buy high sell low

he must lurk here

>>21427675
Fair enough I received my copy from someone else and didn't even know other copies existed. But the thing with dishonest spiritual gurus makes a lot of sense.

>>21427645
I have an idea, why don't you post your stack you've been working on for years just to show up my poorfag collection. Come On! It'll be easy for a PM whale like you!

>>21428040
>he's never heard of an october surprise

anon, they're trying to time the purchasing of votes

>>21425022
I have heard him speak, he is clearly intelligent and articulate.

>>21428020
That's my understanding.

This would align with why silver started to go full retard on July 20th - July was a delivery month so shit started to get real the closer things got to the end of the month.

>>21427818
Kek based anon saving our gains

>>21428174
What do you mean by shit started to get real?

>>21428040
lmao

Lads, are you going to buy barrick gold or buy in until the hype die down a bit?

>>21428311

>>21428174
I think it's kind of the opposite of what happened when oil went negative - in that case people holding oil contracts were so desperate not to RECIEVE oil (because they didn't have enough storage for it) that they were willing to sell the contracts at any price, even paying people to take contracts of their hands, causing huge negative price spikes.

With silver and gold it's the opposite, big players are being forced to pay higher and higher amounts in order not to DELIVER silver or gold (because they don't have enough to part with), causing huge postive price spikes.

>>21426152
AURCANA AND BNKR


YOU FOOL, HOP IN NOW

>>21427203
the Germans could have funded it without taking so much debt, however they wrecked France so absurdly hard in the Franco-Prussian War that they truly believed it would be an easy victory. They were vastly overconfident and paid the price for that hubris

>>21426918
They really are.

Based. I need this cheap for when I buy it on Monday.

>>21426460
fellow techy fren! im making a live tracker for prices using python and a metals api i found online, i should do something similiar to yours as well. Maybe u could implement the metals api into ur acript so u dont have to specify the price per oz

>>21428405
What if you don't want to fuck with Canadian stocks and taxes?

>>21428639
>he doesn't know most miners are canadian registered companies in other countries.

>>21428639
Then I dunno desu
All my my miners are in my TFSA and I only buy Canadian miners.
I won't have to pay ANY taxes on any of my gains.

>>21428672
Yeah I am a noob. Please forgive me, I am retarded.

>>21428672
It's true, most miners are owned by Canadian companies, it's really weird.

>>21421987
boys I'm a relative poorfag for my age (30) who basically put half his net worth ($100,000) into physical silver last month and the other half into gold and silver mining call options ($100,000).

Does this news mean that I am going to finally make it?

>>21427505
>>21427607
>>21427768
We all definitely found this when we were supposed to. It's a good thing we at least have some resources to set ourselves and our future generations up. It's one thing to chase a bunch of pumps (and even if I'm using said profits to stuff my safe), but it's another to wake up to what real value and monetary freedom is all about. Reading that Howard Buffet piece a bit ago just added fuel to my fire. If you didn't, take a moment. Surprisingly cryptic how it really resonates with what's going on in the world today

>>21428773
You're going to make it, we're all going to make it.

:D

>>21428773
>poorfag
>200k
How?

>>21428773
I hope so. I put 10k into physical gold/silver and 5k into mining ETFs. Considering buying more but I feel like I should diversify a bit more.

>>21421987

fuck jannies