/biz/ - Business & Finance

Any one got a big brain take on the comex situation right now and into the near future?

>>22318691
Nothing will happen. Basically same as the comex default was predicted decades ago.

>>22318691
Really big money is starting to take the metals out of the comex indicating they know something big is about to happen. We will get no advanced warning, we can only follow what the cunts with yachts are doing as some kind of indication about what will happen

My miners are getting rekt this morning

Will i become a millionaire off of my 1oz silver coin?

>>22318794
Any miners looking like particularly good buys right now?

I don't feel so good minerbros...

>>22318716
September might turn out to be uneventful because contracts are rolled over until December, right?

> COOMEX

>>22318836
Watching for one etfs at the moment. Gdx going to break under 40. Expecting a big dump on NEM. Maybe KL will look good

>>22318691
>>22318844
Kirian van Hest has a great video on YT about it.
>>22318818
How does $10 trillion sound?

I got my miners at good prices. I’m still up between 9-15% day to day. They are extremely volatile when the market is dumping. But they usually make a leg up after each dump. Hoping to snag some cheapies today

>>22318640
He cute

>>22318716

Yahoo Finance: The COMEX has defaulted.

https://finance.yahoo.com/news/comex-gold-silver-futures-market-075448755.html

>>22318794

Miners are holding extremely strongly today. GDXJ only down 2 percent. Downside risk is virtually eliminated. Still going sideways since 22 July, and we can only go up from here.

>>22318836

Impact Silver
Bayhorse Silver
Discovery Metals

The essential 400x silver portfolio.

>>22318331
>Tomboyish aspie women are based AF.
you lucky fuck

Friendly reminder
https://youtu.be/D1UJhwOEOWM

>>22319031
Yahoo , coz we're back in 2005

>>22319031
Holt shit, this is how the COMEX default was predicted to play out by Hest. Shadow contracts are used to get what little physical they do have out to the big, important players, people slowly start to realize they're being screwed, and the rush comes.

Oh baby, bullish.

>>22318691
Yep, as i explained few months ago :
>be big (((banks)))
>create the comex to artificially suppress price
>no one ever take delivery since it's just another price tracking financial tool
>fast forward early 2020
>JPM/GS flood the market with ETFs
>price tanks to $12
>big bankers suddently take full delivery of their own silver (probably using shell companies) for pennies on the dollar
>comex/LMBA bullions are empty by early september (took 4 months)
>suddently no more deliveries asked for (since they already emptied it all)
>everybody else left in the dust, but since its only edge funds/speculators hodling SLV, they neever expected to take deliveries anyway since they have nowhere to stock metals
>things can continue to go on until someone (others than banksters) finally get the balls to ask for delivery
[you are here]
>then muh force majeure
>everybody panics, price moon to 4 digits
>banksters sell part of their physical for maxigains

You were all fools to believe the deliveries were natural causes of the financial instability. It was only insiders taking out all the stuff before anyone else get the same idea.
It's literally the biggest fraud since maybe forever.

denial, anger, depression, bargaining, and acceptance

If the comex is currently in the process of defaulting I guess right now we are in the 'denial' phase.

I feel like most people are just ignoring the inconsistant comex data.

>>22319130
Comex already defaulted, there are maybe 3oz left in the vault to troll the goyim.

>>22319047
Are you the YCC/Silver anon? If so, any insights on timing of miners going through the roof?

>>22319104
I think you're right. The bankers always end up with the metals just as the sheep are going peak b crazy over paper assets. Then the reset happens, paper goes to zero and the bankers buy up every asset for pennies on the dollar because 99% of humanity's currency is worthless.

Then, after the deflationary collapse they start paper schemes again so they can yield farm the sheep once again through inflation and interest. It never ever ends and they will never stop until they own everything.

'Morning.
Thinking of picking up my first ounce of gold. 33y/o, 120oz silver, paid off bungalow, $25k in the bank. WWYD?

>>22318794
Everything is getting recked. I think this may be the second fabled crash. If it is, miners should start their runs shortly

>>22319031
>It basically amounts to fraud, much as if your bank claimed to have enough cash for your deposit, and then notified you when you showed up to the bank that you would have to wait 2-3 months to get your cash.

>>22319218
>WWYD
Have you considered buying gold w/ credit cards?

>>22319218
Definitely get an ounce

>>22319218
Forget about gold, just buy more silver. The potential is literally limitless.

>>22319218
Move every dime minus an emergency fund out of fiat and ito physical assets.

>>22318718
these are the most beautiful coins I've seen yet

>>22318640
I have 8k in my stock account right now. Should I still wait or should I cash out and buy more gold and silver? I already have 6toz of gold and 120toz of silver in my current stack.

>>22319273
>buying gold w/ credit cards
Not even once. I'm done with the jews. Zero debt, zero credit. Never again.
>>22319284
thumbs up
>>22319306
>>22319326
The dichotomy of 'all or none' isn't my style. I'm pretty balanced.

>>22319153

I don't see how it can't happen after Q3 earnings. Impact, for example, did better in Q2 this year than Q2 last year, despite being shut down for half the quarter. And Q3 has had 27 dollar silver. Meanwhile I fail to see how large-caps like Newmont can ever dump while they are paying a dollar dividend per share. We've been consolidating for 45 days; I simply can't conceive how miners can't go up rather than down from now on.

>>22319372
You think you can time the top of this clownworld market?

>>22319218
Wait a few days and see what happens, i guess it will drop alot
Then move out of cash

>>22319444
>All or none

How did you read "all or none" out of "don't keep fiat?" Diversify your assets among physical commodities and holdings. Gold and silver aren't the only physical assets, dimwit.

>>22319444
Digits of death
>Zero debt
Fren, low interest debt in a high inflation environment is literally claiming your share of the money printing.

>>22319273
I've never bought gold coins/bars with a CC, it's always been direct deposit, but I have bought plenty of gold jewelry with CC. I think over the past 6-7 years totaling about 12k. All of that was paid off quickly. The reason I used a CC was I had 55 days end of cycle to pay off without interest and I had a 11% interest rate card too. So in reality I had 85 days to pay off and if I didn't make it in time it was only a small amount of interest. My CC limit was also raised a couple times through that 6-7 years and I think those purchases helped those increases.

>>22319444
>The dichotomy of 'all or none' isn't my style. I'm pretty balanced
ngmi

>>22319517
Churn it up. ACCELERATE

>>22319512
I'd rather borrow money then use my own cash for as long as I can. Paying interest is not the worst thing. NOT have access to debt will basically make you poor.

>>22319461
Fuck no.

>How do i buy my silver? Though ebay of course!

>tfw the only index up today is the fear index
Glorious, show me your stacker face while everything else around us crash and burn

>>22319640
Thats where i get my meme silver

>>22319611
Move those stocks into miners or cash out for PM then

>>22319557
I've worked my way up to almost 100k of credit card limit. My current balance is -$20. Unfortunately for me and my CC limit I don't see ANY good deals at the moment and don't think I'll see anything good this year - it's a shame. Maybe next year.

Will this man be able to buy a continent after the big collapse?

https://youtu.be/J1vHiVN4CJM

What are you guys doing tonight? I am playing a game called Unity of Command

It is a fun addicting game, trying to get brilliant victories on all the scenarios.

>stocks go up
>miners and pms go down
>stocks go down
>miners and pms go down

who here /classic/biz//?

>>22319655

>>22319863
Idk...I have double that and I just want some land
far away from all these niggers and masktards

How much silver for pic related?

>>22319655

>>22319031
yeah the nice thing about miners crabbing at lows is that the stonk crash barely affects them...

Cant pull money out of assets no one bothered to put money into.

>>22319996
that's a man

Here we go

it's all so tiresome

>>22319047
Redpill me on impact and bayhorse

>>22320118
Tbh...what do you expect after this years performance of silver? Straight line up to 100$? You are worse than TSLA holders.

>>22319640
>Though ebay of course!

No other way to stack $600 kilos when everyone else is paying a grand. Aside from mining yourself somehow, scrapping is the only way to get consistent cheap silver and an instant fat ROI.

>>22319960
I can't imagine such immense volumes of stacks. How does that even happen. Mine fits in a shoebox and I think I have a lot. Kek

I still feel super comfy having 100% of my net worth in shiny rocks. They don't dump, they don't exit scam me, they never stop being shiny rocks. They would never leave me and they would never hurt me, never shout at me, or get drunk and hit me, or say it was too busy to spend time with me. They will always be there. And it would die, to protect me. Of all the would-be fathers who came and went over the years, this thing, this rock was the only one who measured up. In an insane world, it was the sanest choice.

>>22320214
Based terminator poster

>>22320191
I was referring to the daily am monkey hammering you stupid fuck

>>22320212
7 years of hustling silver full time

>>22320214
>>22320210
Reckon it's worth paying 30% premium on a kilo of silver now?

>>22320429
Premiums are now meaningless. COMEX spot price is no longer reflective of the price of silver, it is irrelevant

thank you sir, may I have another?

>>22319946

I’m getting absolutely rekt

>>22320626
How undervalued do you think it is?

>>22320652
I'm getting absolutely greedy

>>22320633
Nice, i hope stonks continue to crash so i can buy more cheapie silver.

>>22319946
Today will be crazy, Tesla just lost 20% valuation over the past 10mn kek. Zoomies btfos

>>22320652
me too. ._.

I'm not buying anymore miners, since when the stock market does crash we can just buy more then. It was dumb for me to buy them before the correction.

>>22320696
>Today will be crazy, Tesla just lost 20% valuation over the past 10mn kek. Zoomies btfos
I'm so tired of that davey day trader guy I hope he gets absolutely destroyed.

>mfw merc dimes arrived in the mail

I have been following COMEX theory’s, the continuous injection of fake money into stocks. Pulled the trigger on some pms last week. Holding chainlink as well.

1 week after buying physicals and taking delivery, I feel comfy af.

>>22319065
>This video gets posted assuring all is well with COMEX
>Anons make fun of the channel for having 'learn hebrew' videos in its favorite content
>The content gets unliked
We know its just you posting this shit. Its getting old.

>>22319273
I think you're being clever, but that's exactly what your bank does, it just hasn't got caught.

What are some good cases to keep a small stack in? Anyone use a wooden trunk? I'd like to buy a small safe but a 30 inch high Kodiak is like 800 dollars.

>>22319047
Thanks, bought 30k shares of bayhorse

>>22320758

>>22320429
Be practical and get whatever is cheapest, kilos are decently hefty and fun to carry around but not particularly liquid, I'd swap some bars for more 90% coin personally.

What will be corned beef/oz silver ratio after shtf?

>>22320835
I use an old metal box from a shaving kit. I've seen others using cardboard. If you don't have a liner, just make sure it's dry and not pvc.

BALTIC DRY, LUMBER, oil, Inflation expectations all down. Deflation again. Yields down. USD up -> risk off period ahead

Silver is down 3.5%, but SILJ is only down 4.5% and holding at the 20th of July level. Nobody is believing this dump. Paper price of silver is becoming increasingly meaningless.

>>22320871
Don't let your memes be dreams

>>22320804
I've literally only posted it twice. I just think its foolish to expect it with total certainty. But if it ever were to happen, it'd certainly be during these clown times after oil went negative.

I'm such a terrible investor.

>>22320652
>>22320745
I'm still 10% up overall on my miners so I don't feel bad about it. Also dollar went up this week, so in my own currency there's not that much of a drop.
I'm getting my paycheck in two days so I'm hoping I get to buy more before it bounces.

>>22320888
If it started today, probably trade 1oz for anywhere between 0.2 and 3 cans. If silver goes to 50 and holds there for a while before shtf, maybe more like 0.5 and 5. Depends on the situation and timing.

>>22320992
Don't beat yourself up

Everything is down today. Stocks down, metals down, and even bonds are down! Only thing up is vix

Impact Silver: Has an excellent CEO who bought his property in prescient anticipation of the present bull market, 14 years ago. Openly talks about COMEX manipulation; knows what is going on. Impact is the purest primary silver producer in the world. No debt, a lot of cash. Q2 2020 earnings better than Q2 2019 despite the fact that Impact was shut down for half the quarter. The company has survived for 14 years while most of its competitors have gone bankrupt. The property is the second-oldest silver mining district in Mexico, and Cortez is even said to have hidden there once. Its size is colossal: 623 square kilometers. There is an enormous number of abandoned silver mines, going back all the way to the time of Cortez, all over the property. And you can buy shares in this company, right now, for less than $200 million dollars in market-cap. For reference, First Majestic has a $3 billion dollar market cap, and a lot of people are predicting that that will go 10x. Now imagine what Impact will do.

Bayhorse Silver: A real producing silver mine with 4 PhD geologists, millions of proven ounces in the ground, in a safe jurisdiction. Available for a mere $20 million market cap. Absurdly cheap.

Discovery Metals: 1 billion ounces of silver in the ground. Eric Sprott's favourite stock. Could become the Kirkland Lake of silver and rise to a $20 billion+ market-cap (40x).

>>22321051

Meant for >>22320141

>>22320992
You have based hodling desu. Not your fault everything is crashing hard today.

>>22321051
But they already all x10'd over the past few months :(

Are we heading into deflation or inflation by 2021? I feel like 2021 is going to be a roller coaster ride for silver.

>>22320680
Just buy as much physical as you can

>>22321183
I think short term we'll see deflation, but what the fuck do I know. I've been reading this book on Austrian Economics, and it was saying that inflation and deflation are really just the opposite sides of the same problem. Weinmar saw deflation first, and then massive inflation.

>>22319946
Yeah... i would feel bad about my miners crapping down almost 7% if they were not long term holds.

Just made 30% off SQQQ though

>>22320680
Extremely. I'd say we'll see $200/oz by 2022.

>>22321183
My totally uneducated guess is deviation in financial assets and luxury real estate, luxury cars, inflation in basic necessities of life such as food and energy

>>22319996
1/10 oz silver sir

>>22321299
*Deflation in financial assets

>>22320191
>Straight line up to 100$?

If the financial markets continue to dump into the September FOMC meeting, this could be very good for us. The fed will become even more loose with their monetary policy and create more easy money. Increases the possibility of YCC being implemented as well. Keep the faith and stay long and strong fellow gold/silver bros.

silver cucks getting rekt again, maybe it’ll break its ath in 2040 guys relax . By then tsla will be 10k

>>22321430
Keeping the faith. I wonder if the next stimulus will pass this month. If they print more money surely people will pile into gold.

I just don't understand why we are so stalled.

>>22321458
Silver is down 2% while Tesla is down 16%....

>>22319372
im in the same position, 5k in stocks w/ 80oz silver + 1 oz gold. im selling 1k of my stocks and picking up more silver today

I may be wrong but it feels like we're getting closer and closer each week

>>22320888
one enthusiastic BJ = 1 mercury dime = one can of corned beef

https://youtu.be/wIjaoRVgOk0

>>22321636
If so, can I pay for bj with cans or do I need to exchange them for dimes first for liquidity?

>>22320652
yeah I hear you anon, but miners are volitile, and should have been in the long term hold folder.

Dont be mad you "lost money" be mad you didnt buy at the bottoms.

With investing everyone tends to use the time machine of memory to compare their actual performance to their performance had they had the knowledge of exactly what was going to happen.

Tech stocks were in a bubble, miners, not so much, just gotta stay comfy for a bit.

RE
COMEX, it is a meme until the day it happens, which it wont, they will just settle in cash 100%.

PM prices have rising sovereign debt, BRRRRR, and low demand turning into high demand to push them higher. They are still a hated asset, we have not even begun to see people move into this area in a meaningful way.

>>22321721
Direct barter cans for blowjobs will work, but you have to eat more than just FWTDHW ass to survive, anon.

I hoped you guys snagged cheap miners at open. We continue to go up

>>22321498
I feel the Republicans are holding out so stimulus will be passed just before election so people receive checks shortly before they vote. That makes sense for them to do to get the favor of some voters on Trump's side. Let's be real, the Republicans obviously don't actually care how much money is spent, they've already agreed on trillions of debt funded spending, they don't care about an extra trillion at this point. I believe they are waiting to negotiate up to the democrats at the right timing, which I think should be by the end of this month. We'll likely remain stalled until the FOMC meeting next Wednesday imo. Stay long and strong anon, the 2011 run up didn't happen in a matter of days, I believe we'll see +8% days again here soon.

>>22321721
You will be able to directly trade them for BJ's

Main thing about stacking corned beef vs mercury dimes is storage space.

>>22321221
>>22321284
Thanks lads.

>>22321770
naw I had miners for months, so no powder left in the long terms for em.

Short term trading has been nice though.

>>22321521
Yeah. Fuck TSLA - even after the recent down trend, it is only up +300% this year.

>>22321051
great write up, im unironically all in impact and discovery

WHOA NELLY. THE MAJORS. WHAT THE FUCK WAS THAT

>>22321878
And I'm sure some pump and dump scams like sushi tokens were up 1000% at some point, it doesn't mean it's a good idea to buy it.

>>22321731
settling in cash will be just as bad, what's the use in the derivative if it doesn't have an underlying asset to derive its value from?

>>22321770
I ran out of fiat because I went all in during the last top
help

>>22322007
Its at moments like these that I'm glad I'm a wagie. Too bad I'm not an entrepreneur.

>>22321785

I would be shocked if the democrats give any stimulus under any conditions before November. Republicans could give them everything they want, they'd say it's not enough and demand more.

It's just too obvious that they need a market crash to win, and they will try it to make it happen if they can. Then the Fed's hand is forced. Congress is basically paralyzed at this point imo.

>>22321950
getting FIAT is the use anon. It doesnt make sense, but its the world we live in.

Default is possible, but 100% not needed to moon PM's, even if we continued to do what we are doing and comex never defaults, PMs will benifit.

SILJ is rallying and Discovery Metals is now green, despite the fact that QQQ and Tesla continue to dump.

>>22321878
Tell that to Robinhooders who took out loans to buy at $500 last week

>>22322024
just graduated. will be starting my new wagecuck engineering job next week

i don't hold any physical yet

>>22322046
thinking rationally it'd at least spook contract owners, but you're right they probably won't think twice. this market is so fucking retarded I can't even

What does everyone do for a living to buy these absurd amounts of gold/silver in one purchase? I am able to afford a comfy life with my wife able to stay home and raise the kids but there is no way I could get away with buying more than 1-2oz a month of silver

>>22322101
Congrats anon, you're making it. Being employable/good with your hands is one of the few things more valuable than silver.

why do miners have such shitty financials?

>>22322135
Yeah... the mere fact that paper commodities determine the price of actual commodities is insane.

>>22322044
Well they already agreed to settle at ~$2T which is down from the original $3T they originally asked for. The Republicans just haven't gone up much from their $1T bill since negotiations began. Dems already said if repubs meet them at 2T then they can come up with a deal. Both parties already agree on most of the issues like PPE funding, testing equipment, vaccine research, school funding, 1200 checks, unemployment benefits, etc. but the main hold up is state and local funding and how much they will give on that front. Repubs just dont want to come off as if they are willing to spend any amount of money on stimulus bills because thats the conservative thing to do. But they don't actually care how much they're spending in reality, it's just a facade for their constituents. Repubs can hold out until near election and then capitulate to get a deal passed at around $2T. Would work well for repubs and Trump if people receive another check and that's fresh in their minds when they go to vote.

>>22322151
You can’t scrape more than $30-$60 in an entire month?

That doesn’t sound like a comfy life desu

>>22322151
im a supermarket wagie, low pay but just turned 21 so no real costs and can save and invest ~80% of my income.

>>22322169
Then you've got people like me graduating with a history degree in a few months. I have no idea how to get a job worth getting in this climate with this qualification.

>>22322151
Over 5 months, I've converted almost all of my savings into metals. I work a bs insurance job, and I could only afford about 200oz of silver and 3oz of gold. I still have some savings, but in reality I can only afford about 5oz ag a month

>>22322222
checked

>>22320835
I’ve got a wooden box I made in high school that I keep a dish towel at the bottom of to store my silver. It looks nice.

>>22322242
>/pmg/ only
Try insurance. Chronically low unemployment. It's soulless, but you'll get a shit job and be able to move up after a year or two into median wage. Next best bet is probably to learn to code.
>tfw want a degree in history
Undervalued study imho

>>22320888
Has anyone tried canning silver and storing it that way? I think it would be pretty cool.

>>22322177
have you ever watched Gregory mannarino? in an interview once he had a great quote

watch from the 14min mark

https://www.youtube.com/watch?v=jUG4p07USGg

>>22322325
Also, military likes history degrees from what I know

>>22322359
seriously /pmg/ listen from about 14-16mins, the whole interview is great but this part is gold

>>22319640
How can you trust ebay? I don't understand how anyone can trust they won't get scammed or sent fakes.

>>22321051
Thanks just bought Impact and Discovery, but can't figure out how to buy Bayhorse, where do you get it?

>>22322222
I extra cautious on having an emergency fund (in fiat). Probably could spare a lot more but what if a tree falls on my house, car accident, other. Need cash to pay that off

>>22322418
You're right. "The price of precious metal is based off its derivative." I never thought about it that way and it is absolutely fucking honked

>>22322101
What are you getting paid for salary?

>>22322500
Do you not have insurance?

>>22322325
Thanks mate, I'll look into it. History is good but they don't so much teach as grade in the university. If you've got access to writing courses online or nearby and a library then you can be as good as anyone.

>>22322370
I've heard that as well. Need to sort some of this bacne out though before I can apply. I heard they reject you if it's cystic and I don't want my GP to snitch on me, so I'm not going to one. I've got the symptoms of steroid abuse without the muscle to match.

>>22322589
he puts it so simply that it sounds so stupid

>>22322222
The numbers brah

Any other good divvie mining stocks? Just loaded up on Hecla and their silver linked derivative

Man this is the real smart money, right fucking here in /pmg/

>>22322636
Deductibles brah

Is it a good idea to go out and buy some more silver, since they basically said yesterday comex defaulted, or should I wait for the dip?

Will silvers price rise or fall?

>>22322250
guy I know wants me to get into selling health and life insurance, is it a decent gig?

>>22322878
>they basically said yesterday comex defaulted
lol no.

>>22323013
It did though

>>22319031
COMEX has been exposed. Fuck those scammers. Shutdown comex exchange! They cant deliver all the gold and silver

>>22323013
But didn't they break the rules by delivering more than total open interest? Why are shadow contracts even a thing? The rules don't matter and they just make things up as they go. The fact that they added 100 different refiners for comex delivery contracts reeks of desperation when it used to be the case that a single refiner being added to the list of deliverable bars was big news

>>22323013

I expect comex to go with a whimper, not a bang. Keeping an eye on the pslv/slv ratio.

>>22322820
$95 is the minimum target.

How will you all even sell this stuff in a timely fashion once it moons?

Waiting for SILJ to go back up a bit so I can break even, sell off half of it and go into BHS and IPT

>>22322624
around £40k britbong funny money

>>22323125
on ebay if I have to coin by coin but lets be honest I know one coin shop in town will buy it and turn around and sell it for smelting in to a bar.

>>22323004
If you have a warm market that actually needs it, imo I'd say so.
>life for high earning young professionals
>term for fledgling adults, esp with debt, marriage, children (26+)
>LTC for boomers without at least 1.5MM current net worth
>health is a pita, but probably good if you live in OH for job market
Good for getting you in the door somewhere like prudential, metlife, Aetna etc. It'll carry over for P&C to a degree too. I tried it at a bad time for myself, but I'll reconsider in a year or two since I still carry qualifications. That said, the companies almost work like an MLM. Know that some people need the coverage in your life and network. Otherwise might be worth it to get in for licensing and get out after some face time.

How is now a good time to buy? Looks like prices for gold and silver are near all time highs and the bubble could burst at any moment.

>>22322455
>guy has 100% feedback from 1000s of transactions
>must be a scam
Look at the feedback dude stop being a retard- the same could be said of any private site like apmex. Set location on ebay to USA only.

>>22323125
Yes history is full of cases where the masses are rushing to convert their useless metals into extremely rare fiat notes but found that the exit door was too small.... Except not really.

>>22323196
Oh and disability. Private disability is a big good product. All wagies should probably get disability

>>22323045
>>22323066
>>22323116
>>22323106


>>22323013


Come on guys what's the verdict?

>>22323198
Because precious metals are the only thing not in a bubble at the moment, anon. PMs are still massively undervalued, and what you're seeing in PM price action is speculation on the USD, not the metal itself.

>>22322752
Gainey Capital might be a good buy. They received sprott investments a few weeks ago. The buy in is like 3¢ a share.

>>22323140
Sucks engineers get paid so shitty. We just hired a manufacturing engineer for 72k with 4 years experience, I thought that was cheap.

>>22323290
Nothingburger. Same as the last decade when the alarms were sounded.

Pro-tip: If the informer is a guy in his basement with potato camera, he's just a loon.

>>22323198
Measured in today's purchasing power, silver hit 500 USD in 1980...we are nowhere near inflation adjusted highs. When measuring metal prices against world wide debt or total world M1 or M2 money supplies we are at thousand year lows

>>22323341
>engineers get paid so shitty
most UK new grad engineers are on 25-30k GBP

>>22322101
id be more than willing to send you an 80% canadian dollar, if you'd like :)
You'd likely want it sent to a PO box, though.

>>22320783
enjoy the milk spots on those 2020 krugs

>>22323469
thanks for the offer anon.

any recommendation on where to buy physical in britbongistan without large premiums? looked at the royal mint but seems a bit expensive

>>22323499
Got to buy it in from the EU mate.

>GOLD green
>NEM green
>KL green
>AUY just about to go green
Strap the fuck in.

>>22323499
If I'm getting a lot I buy from Estonia as their is no tax so prices are amazingly low, all that will end in December though. large postage costs though.

>>22323422
maybe try to move into sales engineer role or something, they get paid a little better in the US. I mean a decent engineer, non-junior, in the US makes maybe 125-150. But it just kinda caps out there. A few will get into positions that are higher paying, but, as an engineer myself I feel like I worked really hard for not a lot of benefit.

Going to try and get some silver 2020 Maple Leafs today from a local seller wish me luck lads

>>22323546

Meanwhile TSLA is still dumping. Down 16%. Hope people weren't silly enough to panic-sell their mining stocks.

>>22323368
Be prepared for all the goalpost shifting by all the gold/silver pundits out there when fucking nothing happens with the comex. Again.

Hell it was supposed to collapse this past month because of deliveries lol. NOPE. People just rolled over into the next contract, business as usual.

It was fucking hilarious seeing Chris Marcus' confused face as he went over the numbers and saw his whole thesis crumbling before his eyes. All while spouting even more bullshit rationalization, basically boiling down to
>d-december contract, t-this time for sure boys!

Craig Hemke is the same way, every time the market doesn't go the way he wants he instantly goes to "IT'S MANIPULATION!!" with no supporting evidence. Yet when things are going up he claims that "we're finally seeing true price discovery!". Fucking amateur hour here folks, don't buy into these """experts""", they are literally just talking their book while trying to sucker you in and frontrun you on trades

>>22323013

The COMEX did default. >>22319031
Just as the Fed has already implemented de facto YCC. When these things happen, they don't get announced. They simply happen.

>>22323619
got contacted by a recruiter for a grad sales engineer position at TI, 27k GBP

i'm working in utilities as an EE, you think I can make the jump over to a US utility from the UK?

>>22323741
Same could be said for any pop finance shills on CNBC, WSJ, FT, etc

>>22323819
Oh yeah, for sure. That goes without saying

>>22323496
I just bought some 2020 krugs...

>>22320745
>It was dumb for me to buy them before the correction.
Don't worry your not alone fren. I'm down 7% overall since I got in back in July

>>22323619
Fuck man, what field are you in?
>t. engineer w/ 5 years of experience making only $70k.

>>22318794
Just buy every dip on dividend paying miners. Avg gold price in Q2 was $1720. Earnings are going to be a blowout this quarter. It’s literally free money.

>>22323922
got some examples?

>>22323546

PM’s will have their day anon, but it’s going to be a once in a lifetime opportunity.

>>22318640
Shiny rocks

>>22323694
I was going to on friday, but I sold on friday and rebalanced and my shits green mane

Not really liking AUN, they don't have shite going on. Maybe I'll sell it and buy tome tinka or AG or Hecla

>>22321785
Nope. Republican proposed bill doesn’t even include another round of direct payments. Look up “skinny stimulus”.
The truth is the Reps have yet to clue in on the fact that without further income replacement there will be a huge crash. They’re looking at the jobs numbers and saying “everything is great why would we need more stimulus”?
They will only move after another big, circuit breaker down, move in the market. That’s when we get the real budget blowout. So sit on some cash and prepare to buy some cheapies.

>>22323967
Sure. DRD, RIO, FCX, GOLD, NEM, PAAS, AUY, take your pick.

>>22318640
Are 40% silver Kennedy half dollars even worth buying?

>>22322242
Your degree is more important than most I would argue. The censorship and lies we are told about history is dangerous and you can be a small part of change against that. Start teaching kids the history of gold and silver and why it's important

>>22324148
merci

>>22323741
See
>>22323770

>>22324195
Bullish AF, stock indexes dumping harder than miners, gold is actually green now. This is the dip, frens.

>>22323863
given the country of origin, I can’t expect any less

>>22324309
This happened last week and it dipped on the next day.

>>22322359
yeah I have seen him before. Its exactly what I am talking about... complete inversion of value to have the asset derive its "value" from the derivative of itself.

Clown world has not even begun to fix itself, everyone's still scratching there heads over TSLA and tech stocks falling.

GOLD MOONING
BUY BUY BUY

>>22322222
checked
>>22322500
I still dont understand how you can have an emergency fund but only 30-50 extra bucks a month.... unless it took you decades to save up that emergency fund

>>22322481
KXPLF on OTC markets for Americans

>>22323898
Depends on the are of the country and your specific field. Ten years Software in California $200k easy. Ten years Mechanical in rural Nebraska $75k.

Mfw locked in a sale with my LCS at 26 spot with 3 dollar premiums on maples and kooks, and 4 on ASEs. 19x on junk.

>>22324460
>Ten years Software in California $200k easy
>dude just go to a bootcamp and become a full stack dev!
>rent out a really cool and hip podshare once you get your 150k job in SF

>>22324494
Damn, based

>>22324086
AUN is literally the only stock I own that's green right now

>>22324384

>>22322359
is there some way that gs or jpm (or whoever) could be creating paper metal out of thin air?
The question might seem obvious to some of you, but this only just occurred to me, that some private entity might be able to draw up paper commodities by fiat, dump it on the market and then buy it physically at the lower price.
Is that possible?

>>22324570
>majors green
>GDX green
>AG green
>RING green
Hooooly shhhhiiiiit

>>22324570
better rebalance m8

>>22324552
In California you can earn $100k a year and have a house fully paid for in only 50 years (if you spend 60% of your pretax income on paying off your home).

>>22324609
that's basically the theory everyone is going with right now. They've suppressed the price with paper and took delivery on physical with the suppressed price, while everyone else just swapped paper back and forth.

>>22318789
I remember reading your story about how you got such a large stack. I genuinely hope u make it fren.

>>22324181
It's getting a teaching job that's the difficulty. History isn't seen as an 'essential' subject like English, Maths, Science etc. So there's far less funding and far less demand. I'll really go for it if it looks right but it'll mean ANOTHER year at uni not earning for only a 'chance' of getting a £28k job at the end.

This is cute

>>22324341
I'll just keep them with my 2019 Maples then

Realistically how far are we away from commercial fusion power

>>22324769
At least two decades, more likely 3 or 4

Will it dip more in October or is this the last chance to buy?

>>22324745
I don't trust it.
It's getting really hard not to fomo into more mining stocks though. Can't believe I missed the dip this morning.

>>22319655

>>22324809
I don't think it will dip, I genuinely think this is the big one. I'm making one more final purchase and then riding out whatever happens.

>>22324769
>>22324811

>>22324609
Stale pasta

>>22323770
YCC would lead to higher bond prices, not PMs. Also YCC eventually leads to negative inflation in a stagnating economy, which we have, so also bad for PMs.

Arguments for PMs sound like commercials from people trying to sell their bags

>>22324870
lol what I literally just wrote that from scratch

>>22324868
Fusion research is funded international, only looking at American funding is stupid
Iter is being built, commercial fusion reactors may start to be planned when it starts to produce netto energy

>>22324681
I don't know why I've been assuming that the paper was at least semi legit.

>>22324823
I just bought a few shares of GNYPF- if you can get any SJRNF below the ask I think that's going to pop off soon since the ask has been 39¢ for weeks and the bid is 11¢ - I keep buying a few hundo a week.

>>22324769
https://patents.google.com/patent/US20190295733A1/en?inventor=salvatore+pais&oq=salvatore+pais

you tell me

>>22324910
>my little shill can't be this stupid
Thank you for the dip this morning Mr Goldman

>>22322359
34:30 is pretty epic, too
>Biblical

>>22324868
Also why the fuck would you way any weight into a guess from 1976
Back then people thought we would have hoverboards right now but people would still buy their stuff offline

well only 1,650,000,000 of above ground silver according to silver survey 2020

This is it my friends. Stay Green.

>>22324910
Common sense is supposed to be free anon. Did you miss out?

>>22321051
Fucking gay ass robinhood. I'm setting a webull account right now to get in on these.

>>22324910
YCC —> lower yields —> less incentive to hold bonds for passive income —> more incentive to hold metals instead of bonds (since they’re both unproductive assets anyways)
Even bond bulls acknowledge this

>>22325064
It's great to see this, really. Just think- LBMA could easily help COMEX in the near term (assuming valid inventory) and I'm sure they are probably slightly tempted to do so, and frankly that might stabilize things for a while. But the same trait that brought them to banking, greed, is the ultimate reason they'll say no and keep what they have for themselves. Irony is so great.

>>22325326
The rate they'll quote COMEX is going to be insane. It'll be so high that they decide to just deal with regulators, kek.

>>22318640
Highly, highly unusual price action today..
Complete collapse to $25.84, and then HARD rebound

Especially on a day like today where the market is still selling off & dollar is holding strong / gaining, crazy for precious metals to be gaining

Especially for the rally to happen during lunch time, when that time is normally taken advantage of / manipulated to low-volume dump it


You would think the sell-off would affect PM (as the demand for dollar is skyrocketing)

Very unusual... very unusual..

>>22325857
This is what happens when you let the intern watch the metals manipulation ticker.

Are colored silver coins worth it?

>>22325911
No

>>22323198
Look at a chart zoomer. Gold bull runs go from level of resistance to ~8x. And all of those runs were stomped by central bank action. This may be the bull run that ends with a new gold standard. Wheels are falling off, we are due for a traditional gold bull run at the very least, and you think you're buying at the peak of a bubble. Lol

>>22324910
>YCC is instituted explicitly
>Bonds literally are forbidden from yielding more returns than would be eaten by inflation
>Bonds are now radioactive garbage no one would ever want to buy.
>Literally no one is buying bonds; the market is dead
>Normally a lack of interest in bonds would drive up the yield, but not anymore.

None of this increases bond prices. Money will hemorrhage out of the bond market into every other asset class. Guess which asset is the one not in a bubble?

>>22325064
Any accurate or trustworthy estimates of existing coin, jewelry and silverware-form silver? I've seen totals including investment bullion anywhere between 6 and 20 billion ounces above ground in all forms. Very important to consider all the silver out there as higher prices will bring lots of scrap out of the woodwork like in 1980 as my dad said occurred and 2011 which I recall seeing frequently.

>>22325857
Keep in mind that the rest of the world exists. Today news broke that the British are setting up a hard boarder with northern Ireland against the agreement with the EU. Trade wars are starting to get priced into the squid and euro.

Seriously...
I'm considering dropping $600 of what I've got coming in this week. This will put me back like a month of savings with only like 17 - 18 ounses if silver to show for it.

Anons lend me your strength & encourage me to stack! Ahhhh!!!!

God be with us! Ave Maria.

>>22325857
PM's did climb when the dollar rallied a bit during the previous crashes but I'm not sure if it's at that stage yet. Can anyone do a double check on that please?

Supercomputer says we need to close a year out above 32 to set a new high floor. And that resistance above that is in the low 70 range. i.e. we need to close the year out above 32 to reach new highs.

>>22326250
When it's a real bull market price rises in all currencies.

>>22326056
when the price clears 30$ the normies start dumping- I run a world coin business and desu most are worth little more than their metal value. Once it clears 30, that 1849 french 5 franc is worth enough to make it something they want to sell. Below that, it's not worth it to them. You will see some crazy antiques come out, and that's when business starts booming for me.

>bought gold and silver at ATH
>bought mining stocks at ATH
>DXY now climbing
>Hemke goalpost moving
Glad I bought some corporate bonds, at least those are keeping me afloat. These miners are literally tesla-tier.
i'm such a good investor

>>22326270
Supercomputer can't see the $50 under our noses

>>22325857
>bounced off $26
Just as expected, get your buys in now before the next leg up.

>>22320888
nice trips. aren't you concerned about bolsonaro's 'little flu' tho?

>>22321636
that can't be a valid exchange rate. a BJ cannot match the nutritional contents of a can of corned beef. no way

>>22326396
my miners are GOINNNNN GREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEN today faggot. Do more DD asshat

>>22326232
After the age of 18 you should have bought 1oz of silver every week. For every child you have you should buy an additional 1oz of silver a week. How much do you need to make up? How much do you want to pay it forward? Money comes and goes... but silver is eternal.

>>22323301
To your point:
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

>>22326017
>Bonds are forbidden
That’s not how YCC works. YCC just means that the Fed will keep buying bonds to push yield down until yields are where they want them. So bond prices will rise, it’s just that their usefulness as a passive income asset is severely limited. You have to separate bond yields from bond prices.

>Louis Rossman joins team restructure the financial system from the ground up
https://youtu.be/NdfmMB1E_qk

>>22326457
Yeah, it's kind of nice- I offloaded Aurcana after it greened - made like 4$ but I think there's better investments out there.

>>22323741
fucking this. don't be fucking lemmings /pmg/

>>22326368
At higher prices there is more volume on secondary markets. I'm seeing all sorts come out of the woodwork. No one wants to sell at a low price... but also most don't want to buy at a low price. 30 would help fund phyz but in reality it's got to get to 50 to make many silver mines viable... just above break even... though that is a moving target.

>>22326414
Oh, it's there, it's saying resistance above a yearly close of 32 is low 70. 50 will be the new 5 soon enough.

>>22324173
As with any purchase, it's based on the price you pay.
Everything that contains silver has value.
http://www.coinflation.com/silver_coin_values.html

>>22325911
Absolutely not they're expensive and look disgusting. Just buy standard rounds they are more recognisable and will be easier to sell

>>22326583
>it's not manipulation
Have you learned nothing in any of these markets?

>>22326232
I literally started stacking yesterday and am going to be buying more silver coins today. Young poorfag so I guess that's my excuse

>>22326457
If only they waited two more days. I wish I could get some more AG for less than $11

>>22326520
Silver is cheap at the current price and was crazy cheap in the late 90's and early 2000's. I used 1kg bars as paperweights and door stops back in the day. Even gold is cheap. Back in the day I was buying gold for a bit over $300 and I had to fucking umm and ahh a lot about it to buy it because it seemed like so much money. Now I laugh and cry at those memories.

>>22326520
>inflation adjusted
>log scale
Data may be "correct" but it paints a bias picture

Fack i have to spend more than $1000 to avoid sales tax

>>22326835
Hwat

>>22326583
Oh undoubtedly there will be guys shifting goals- but I think the real takeaway here is that patterns are changing from prior runs- so this means we are seeing something new take place. I'm not one of those guys who says
>durrr 600$ silver
but I do think realistically we have a chance for around 130$ if we take into account historic inflation and the last time there was a major market squeeze. The 2011 run was more about market fear rather than a squeeze- but the 1980 run was because 3 guys tried to buy all the silver in the world. So if you measure the top then and say a modest rate of inflation you get roughly 130$. I don't think that's unrealistic. If these big banks have decided to shadow order all the physical out of existence and leave cobwebs for all the paper holders you can see a couple things possibly happen:
>they expose themselves that all the physical is gone, paper holds immediately dump, they cycle the physical back in after buying the 100% dump and restart the scheme
>They steal all the physical, allow the people to figure it out, allow a run to occur, devalue their paper because it's backed by nothing, and sell the physical at a much inflated price.
I think really the only major difference here is who exposes the fraud, us or them. If it's us, they're up to something else as of yet unknown- if it's them, the scheme will play out as I described.

>>22326520
How can this chart be inflation adjusted?

>>22326551

I like Aurcana for the high-grade, but my biggest holding by far is Impact Silver.

Ok, miners are REALLY pumping today. More than they did last week.

>>22325266
When the yield drops the price of the bond rises. Its a swing trade. Of course you won't hold it for the yield. Banks and dealers holding bonds now want YCC because that means the Fed will buy them all at any price.

>>22325141
The common sense is that if you see YCC coming, you know the Fed will be buying bonds. If you hold bonds you can sell them to the Fed at a premium. Banks did this is 2008 and are doing it again now.

>>22326017
Smoothest brain right here. The definition of Yield is the coupon payment (a fixed rate) divided by the bond price. The bond price is the bid given at bond auctions. When the Fed does YCC or QE it creates artificial demand for the bonds, raising the bid.

>>22326867
PM's at elevated pricing no longer works... it becomes money. I've said this numerous times before. Banks staking gold and silver just means that they are going to mark it to some fantastic level to keep solvent and it's kept out of circulation away from people that could get to it and they will actively buy at the local bank because they can give you the equivalent confetti... normal people will not be able to that. This is part of recapitalising and reducing debts. This is actually a workable model though I'm not saying that's what's going to happen. However, governments would still be completely fucked in this scenario - there is no saving them.

>>22326854
In my state, you pay sales tax on orders under $1000. What would have been a good deal on a few rounds vanishes instantly

>>22319031
So... How long until everybody knows it?

Ordered another half pound of silver :)

Ah... so this is the power of the legendary "2nd dip, PM's moon" technique. Impressive.

>>22326270
supercomputer saying we might not break above $32 this year? 32 is pretty close to where we are now, i hope it doesn't take until EoY to get above that level...

well....that was one hell of a ride

>>22327165
Just bought 100oz of generic rounds :)

>>22327111
Get a PO Box in NH.

>>22327194
Underrated post

>>22327219
wow... DXY holding strong for the day and silver ISN'T tanking ? it's about time silver didn't follow DXY tick for tick, they can't keep holding the price down much longer

>>22326551
wrong move man... you just bought too high and cashed out too early is all... im up almost 200$ on them and they are going much higher, they were almost 1$ less then 2 months ago

>>22327016
But once you sold your bonds to the FED you're holding dollars, and you won't put them back into bonds.

>>22326492
No one taught me to stack silver. It was just something I started out of pure mistrust of the government. By the time I was I was 18 I had 2 oz of silver to my name. It was only 4 months ago that I went from 40oz to over 150oz. I guess I'll just bet. I told myself I would get to over 200oz this year. Let's do it.

3oz bars here I come.
>>22326734
You didnt know & the majority of the U.S lives with their family now. We haven't seen parent & child housing this high since the great depression. Its not as if the generetion before us really knew much about the fiat dollar given the fact that 14.2% U.S population as of 2019 had silver.

>>22327194

>silver down 6 cents
>this is after extreme crash with V skyrocket back to previous price
>price at retail store up 1$

AHHHHHHHHHHHHHHHHHH I DIDNT GET CHEAPIES

>>22327525
Sounds like my stack story. This past 6 months I've bought more bullion than I ever have.

>>22326368
Lol, I actually have a French 1849 5F, I hear you and expect lots of goodies to come out, I've already been seeing eBay lots where the normies literally collect together every scrap of silver they own, good valuable antique pieces along with broken jewelry and spoons, and some are way below spot BIN deals to start with so hoovering them up, keeping the good desirable antique stuff and refining the rest is getting rather more interesting right now. Picrel is an example of good stuff to save, they are 2 identical "only a thimble full" hefty novelty thimble shot cups obtained weeks apart for about .50/gram. Melt value is $57 but I could flip the pair for $150 easily on eBay as they are popular and classy antiques. Anyway are you a brick and mortar operation or sell on eBay like ufomechanix (a based world coin seller)?

Next stop: $34

>>22327525
I think most with dragon syndrome develop it out of mistrust rather than for the glint of the metal alone. They look into the metal and see the rawness of the universe only given out by the death of stars - unforgeable. A dragon is a suitable suitor for this real death metal.

holy fuck what's happening at Pure Gold?

>>22328012
Why the hell would you want to sell them? Those are awesome shot glasses. Fuck it. Sell them to me!

>>22327525
>14.2% U.S population as of 2019 had silver.

Where did you see this interesting stat? Does that only include coin and bullion or jewelry and silverware too?

https://www.ebay.de/itm/6-Schnapsbecher-Silberbecher-in-aus-925-Silber-Shot-Glass-silver/352881844800?
fml

>>22327928
>>22327928
Its rough. I even bought during the big dip in April yet here I am still grinding. At this point im tempted to just put money down on a house near the country side come January. People are saying here come october or August 2021 is when we are suppose to have a gousing bubble pop. I could pay in cash a cheap house come that time. I'm trying to be patient, but dang living in the city is bad.

>>22325256
Foreign stocks aren't available on webull either. You need a real brokerage account like Fidelity or Schwab to get market access to TSX.

>>22328238
I couldn't tell you. I think it would. It may be on the partisans understanding of silver, so it very well could mean all that junk silver. Just Google it.

>>22328238
https://goldiraguide.org/10-8-of-americans-own-gold-while-11-6-own-silver-according-to-a-new-survey/