/biz/ - Business & Finance

FWTDHWAHDOQA status: wondering when op will remember to remove the fucking embeds and take her out to chilis.

heres the full cap for that btw

I AM ANGRY
https://www.zerohedge.com/markets/jpmorgan-pay-record-1-billion-settlement-over-precious-metals-treasury-manipulation

>>22757967
You bake the bread then

>DXY fills gap from 7/24
>Continues higher

hmmmm

Anons, please redpill me on the FED giving every American "digital dollars" directly in a digital bank account.

Prev
>>22750369


>>22758034

Awww dude.. much better places to do crypto exchange, SGB and a couple others have better prices and do crypto

The question is are we going under 20?

>we're under 23
OHNONONO BRO

>>22758161
You won't get physical under 20.

>>22758161
The answer is nobody knows, but it doesn't matter because the paper price has nothing to do with the physical product

>>22758035
And on that day, people hoped for pull backs to buy moar.

hope people bought moar.

>>22758101
>anon didnt look at OP's id

I can call op a fag because I am op and its my word

>>22758108
How is this happening

JPM is back in the silver shorting business. I'm
gonna guess they jumped back in on Monday

https://www.zerohedge.com/markets/jpmorgan-pay-record-1-billion-settlement-over-precious-metals-treasury-manipulation

>>22758097
grug buy rock long time
grug think cheap
grug not know why
rock bounce for many moon
rock should be many berry
grug think...long nose tribe go to far
how other grug clan no see?

>>22758097
Nothing new. They manipulate everything, from stocks to bonds to PM. The fine is just a joke as always, since they have gained multiple multiple multiple times.

>>22758111
More M2 supply, but then again they will probably force them to send their digital dollar in a specific deadline or they will vanish, which will be a new exciting jewish tool.

>>22758161
Maybe. But who really cares? Just buy more and more all the way down since fiat is losing it's whole purpose.

The amount of noise in the financial industry right now is insane. Two drops and you guys let a guy claiming that QE is deflationary/contractionary take up 10% of the last thread. I'm stuck home with kung flu please don't let the retard demoralizers shit up these threads for the next 2 weeks.

Digital dollar incoming

https://www.zerohedge.com/markets/loretta-mester-hints-fed-preparing-deposit-digital-dollars-directly-each-american

I thought monument had a good deal at 1.99 over spot but if you actually add it up its way more then that. Deceiving suns of bitches.

>>22758338
Specific parts of QE itself have no effect, neither inflation nor deflation for several reasons. Nevertheless debt and M2 supply is increasing drastically with no end it sight.

>>22758233
> Narrator: A new car built by my company leaves somewhere traveling at 60 mph. The rear differential locks up. The car crashes and burns with everyone trapped inside. Now, should we initiate a recall? Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don't do one.

This has been reality for quite some time, It will be until it is not, at some point the elastic band snaps and the people this math is being done to, start using it themselves.

IE as the probability of getting fucked approaches 1, the probability of giving a fuck approaches 0.

Thus the as people get more and more fucked, the inhibition formula of caring about getting fucked, as well as the inhibition formulae of giving a fuck about consequences, also approach 0.

>>22758368
>jpm clear to keep fucking w metals
>dollar bumping regardless of downturn
>fed doubles down with fake money you dont need printers for
>probably on the way to chip under skin
>*BRRRRRRRRRRRRRR Intensifies 10 fold*
>metals sliding
un-fucking-real, these are probably the end times

>>22758368

Kills several birds with one stone. People wouldn't accept negative interest-rates without this. It will now come in the form of FedCoin U. B. I., i. e. "free money." Negative interest-rates are needed to prop up the ponzi-scheme a little longer by encouraging reckless spending. This also means that the government can track and trace everything you do; cut off your funds if you become a dissident, e. g. by refusing the coronavirus vaccine; and prevent you from buying assets which pose a threat to the system, like gold and silver.

>>22758108
>>22758232
DXY is not a measure of the dollar's power level, it's a comparison between the dollar and a vasket of foreign currencies, mainly the Euro.

Yurop is entering a second wave of lockdowns and restrictions so the Euro is tanking. DXY go up.

>>22758111
We discuss US Central Bank Digital Currency (US CBDC) in a lot of PMG threads.
There is also this one right now >>22752483

In short
>March 2020, Dems try to sneak in a US CBDC into the first stimulus bill, insta-printed cash stimulus sent directly to consoomers' FedAccounts.
https://www.congress.gov/bill/116th-congress/house-bill/6321
>June 2020, Congress hears a special FinTech Team presentation about features of US CBDC, such as programmable negative interest rate, transaction tracking, etc.
https://www.congress.gov/116/meeting/house/110778/witnesses/HHRG-116-BA00-Wstate-GiancarloJ-20200611.pdf
>September 2020, TODAY: Fed themselves talking about getting more serious about US CBDC. Basically its coming. With it Fed can bypass commercial banks. Anonymity of cash can be removed. And much much more.
https://www.clevelandfed.org/en/newsroom-and-events/speeches/sp-20200923-payments-and-the-pandemic.aspx

>>22758368
>>22758542

> The year is 2023
> The governments of the world have implemented state-backed cryptos, and forced people to accept negative interest-rates
> Precious metals have been outlawed
> Asset-bubbles are now so large that the top 1% own 99% of the wealth
> A handful of corporations control everything; the middle class has been wiped out
> The real economy now looks like Escape from New York
> Most people are slaves on U. B. I.
> Authoritarianism has overwhelmed the world
> You can only leave your house for basic necessities, and you must carry a mask and a vaccine-card at all times

"Officer, officer! Look! That man over there is trying to transact in silver instead of FedCoin! GET HIM!"

>>22758232
https://www.youtube.com/watch?v=dut7z6nsIHE
Listen to this guy.

https://youtu.be/B4xcCO9v-Os
This one is good too.

We are in serious deflation right now. Banks are not lending. If Congress doesn't pass a big stimulus bill and/or doesn't start guaranteeing loans, then assets are going to take a big hit. DXY is going to 105. Cap this.

Just picked up 20, 1 oz of silver coins. Cost me $495 total. Was this a good deal? I think I'm up to about 45 oz total of silver now.

>>22758588
yeah, we all know this already. we're fucked

>>22758445
No you god damn fucking idiot. QE itself is inflationary. It artificially decreases the cost of money by creating new dollars to soak up past debt. It doesn't matter where those dollars go. It directly increases asset prices through the creation of new money. Jesus fucking christ go back.

>>22758588
This is why steel and lead are sometimes the most precious of metals.

>>22758097
Nothing in the article says they manipulate the prices down. Wouldn't they of been manipulating the price up so they could sell high? Hence the crash after they are "caught and punished"?

>>22758588

Sub $1850 by tonight?

>>22758338
I'm not a demoralizer. I own physical and I advise everyone here who needs to stack more to take advantage of this and any other dip to buy more. HOLD PHYSICAL. Long term, it's a good hold.

But we are talking about the macro picture here that will indeed impact prices (hint: like yesterday and today). Unfortunately, we have lots of gold and silver bugs that go off half cocked on theories that don't actually line up with reality. I'm here for truth, no matter how ugly it is...EVEN if it runs counter to my own previously held thesis. I'm not shilling anything. I'm just trying to find the best explanations for what is happening as I have real money in this.

Get better, anon. Make sure you are supplementing 5,000 IUs of Vitamin D3. Also, grab some Quercitin and Zinc.

>>22758111
Covid relief is the perfect opportunity to get people to accept the switch since you would need to use it if you want your covid ubi funds.

We are waiting for it to dip to 20 before we buy, right?

>>22758660
I used to believe that too. But that's not actually the picture.

>>22758623
Simply divide your total order cost by the troy ounces you got. In this case $495/20=$24.75 per troy ounce. Price of silver right now is $22.75 so decent, a $2 premium on every ounce.

>>22758660
I don't think you understand how QE works. Asset prices increase indirectly only through the Portfolio Rebalance, and some extent the Signaling effect.

MY PAPERWEIGHTS ARE REALLY WORTHLESS NOW!!!!!!!!!!

>>22758889
BUT THEY ARE STILL GOOD LOOKING PAPERWEIGHTS!!!!!!!

>>22758660
That's not how QE works, better lurk more.

>>22758204
>>You won't get physical under 20.
>>22758211
>>The answer is nobody knows, but it doesn't matter because the paper price has nothing to do with the physical product
>>22758314
>>Maybe. But who really cares? Just buy more and more all the way down since fiat is losing it's whole purpose.

Disagree the physical prices are dropping with the paper, if the paper gets to 15 you can definitely get physical for probably 18 until everyone sells out.

Don't get me wrong I'm right with you about the comex manipulation and decoupling, but the physical is still following the paper as of now.

>>22758685
JPM is the largest holder of physical silver in the world. They use paper contracts to manipulate the price so they can purchase physical at a discounted price. Then, if fiat kicks the can, they're the wealthiest organization in the entire world.

>>22758774
Its just another stimulus check..its not UBI

Nobody answered me last thread... What do you think, /biz/? Literal cheapest silver I've found last couple days ($25.30 right now). Huge appreciation if he wins I assume.

https://www.universalcoin.com/2020-1-oz-donald-trump-silver-round

>>22759033
There are a ton of Trump coins. You can buy Trump coins, eat Trump steak, and go to a Trump resort wearing a Trump hat.

I was going to buy more but the fucking kikes still have their prices at $30 an ounce for fucking rounds when spot is under 24

>>22758942
How does it work then faggot? The Fed prints dollars and exchanges them for bonds, increasing the value of those bonds and decreasing the discount rate used by the entire economy, increasing the value of all the other assets in the economy compared to where they would have been without the intervention

>>22758942
It does increase inflation, M2V only determines how fast that inflation will show itself. M2V and inflation/deflation are different things, though it's a common misconception to believe they're synonymous.

>>22759033
20 days for delivery and there's a household limit of three. Nope

>>22759146
This, silver premium is like 35% right now. Asinine.

Manipulation wont stop till someone fills a Penske truck with mint chocolate chip ice cream to bring to Jamie Diamonds family when they are waiting in the lobby for him to meet them for dinner.

>>22759197
most every place is 10, 15, 20 days out

>>22759033
If you already have physical, just open an account on Kinesis or Bullionvault and buy there.

>>22759146
Where?

SILVER DOWN 20% IN TWO DAYS
>SILVER DOWN 20% IN TWO DAYS
SILVER DOWN 20% IN TWO DAYS
>SILVER DOWN 20% IN TWO DAYS
SILVER DOWN 20% IN TWO DAYS
>SILVER DOWN 20% IN TWO DAYS
SILVER DOWN 20% IN TWO DAYS
>SILVER DOWN 20% IN TWO DAYS
SILVER DOWN 20% IN TWO DAYS
>SILVER DOWN 20% IN TWO DAYS

AHHHHHHHHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>22758432
Nvm if you have it in your cart monument metals has generic rounds and kilos at 1.99 over spot.

>>22759147
The "printed dollars" are held in a restricted account and can only be used to count towards reserves. That money literally doesn't go out the door. The Fed could do $5 Trillion of QE purchases and it wouldn't do jack shit to spur inflation because there's no fucking lending going on. The banks have turned off the tap. The only way you are going to see inflation is if 1) Congress sends out helicopter money in massive amounts or 2) Congress either guarantees loans or lends directly to consumers and businesses. The problem is that with so many people out of work, demand for lending is also down (can't make payments with no income). Schiff has this part pants on head wrong. In order for us to see massive inflation, Congress is going to need to do a shit ton more deficit spending. Only Congress and the banks have any impact on inflation at this point. The Fed can't do shit...hence why Powell is basically begging Congress to act. The Fed shot their wad and it did nothing. The banks simply refuse to lend. That makes the Fed impotent.

>>22759263
How's your TQQQ doing?

>>22759147
>Fed prints dollars
Nope. Swaps bonds for bank reserves used only to help facilitate inter-bank settlements.

Spillover into all the other assets happens only in theory by these meme channels >>22758850

You can read about the mechanics here:
https://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html

Time to go meta-contrarian and buy dollar index. UUP.

>>22759353
Read Princes of the Yen. Its part of the point for them to be impotent. They make themselves impotent, so they can start competing with the banks and directly lend/stimulate the economy. It's how CB's get total control. When they compete with the banks they regulate.

>>22759263

>>22759469
I'll check it out. It would make sense. Do nothing and point at the banks who rationally don't want to do anything. Then step in as the lender of last resort by creating the situation where you are needed as the last resort.

>>22759353
There is still commercial lending going on as well as mortgage lending. Inflation is still there, but it's going to show itself in large assets first as loans are taken out to obtain them, then it will slowly work itself into the overall economy.

Went to go to my usual LCS yesterday, found they were closed 'til Friday, so tried another LCS a little further away. Think it worked out, 'cause I got my most based silver round yet for only $27.50 (spot + $3).

tl:dr: round on the left was at one point deemed counterfeit currency by the glowies.

>>22759367
>>22759483
Not gonna lie those responses are pretty damn cope and deflection lol

>>22759549
Yupp. Check out richard werner and his work and comments on the BOJ and how they killed the Ministry of Finance in Japan. Princes of the Yen is expensive to get (Only get the new edition, it has a chapter that is very key that is omitted form previous editions)

How much do the plastic tubes for junk silver usually cost?

>>22759569
I thought real estate was essentially flat. I've heard people say the commercial lending hasn't been for capital spending, but for reserves...kind of like what Ford did before the last crisis where it tapped out its lines of credit and had enough reserves to avoid GMs fate.

Give me local coin shop reports

>>22759140
yeah but it says 2020 on it. hit ebay with that shit the day after the election

>>22759610
>not getting a durable cotton sack to store your junk silver
shiggydiggydoo

>>22759610

>>22759603
Thanks, anon.

>>22759549
>>22759469
This could be the hottest take right here. The final battle will be Banking Jews vs. Fed Jews.

Who has more control in the world today?
IMO its the banking jews; always has been. Even just recently:
>Banks caught laundering Trillions of $ - no consequences
>Banks caught manipulating PM prices - no consequences
Banks can lobby or assassinate their way out of US CBDC implementation. OR they will make a compromise where they get to be the issuers of such digital currency on behalf of the Fed... for a small fee of course.

>>22759643
As of 12:30pm PDT I can buy 1ozt of gold for $1935USD and 1ozt of silver for $27.04USD

Listen faggots, since this is apparently now a Keynesian/Fischer economics general you should all sell your gold and silver since all the fed has to do to fix the economy is increase M1 by 2% annually or target CPI changes.

QE is inflationary because it causes an artificial increase in the amount of money and credit in the economy, this causes the discount rate to become lower, which causes a change in the capital expenditures that the economy will undertake. Not only does it guarantee that poorly chosen past projects that would have been liquidated without QE will hobble along, but more of the economy's productive capacity will be directed into similar capital projects with low rates of return that aren't profitable under a natural discount rate. This is an "inflationary expansion" because the economy expands into terroritories that are only "profitable" so long as there is continued expansion (aka inflation) of the money supply to prevent the liquidation of that capital.

The fact that the price of fucking potatoes didn't go up doesn't mean that inflation didn't happen. Figure out what the Cantillon Effect is, demoralizers. The things that increase in price are the things that are consumed by those shit capital expenditures. The record lumber prices until futures rolled were because the QE of this year created a massive rush into housing construction. Lumber saw inflation because it was the first step in the cantillon effect. Once the inputs into those capital projects became expensive to the point where that boom is no longer profitable, further inflation spills over into the next channel, and the next channel.

You faggots are literally linking to the Fed and believe that core CPI is what inflation is. Even then, none of you actually think we are seeing CPI deflation because a) it's going up, even as measured by the gov and b) you'd fill your portfolio with TIPS puts since they are pricing in 2% inflation. Go to a fischer circle jerk subreddit

>>22759640
Real estate prices and purchases are at an all time high. I'll need to read up on how a company can have "reserves", I thought only banks have reserves which is essentially the % balance they're required to hold for lending.

>>22759707
>Banking Jews vs. Fed Jews.
Pretty sure this is the same team and the real battle is between conservative and liberal Jews.

>>22758783
yup. i might turn into a Jew and not buy until it hits $18

>>22757939
U.K. anons recommend me a silver bar

>>22759263
Thank God my linkies are doing well!

>>22759797
Required reserves are currently 0, making bank failure impossible

Post silver stacks, goys.

>>22759857
Hi Mike Maloney

FUCK THE DOLLAR PIECE OF FUCKING SHIT PAPER

>US politics has gone to shit
>EU second wave fears rising
>no second stimulus likely ever
>supreme court divide
>election fears
>even Powell fears for the future of our current economy
>despite all that, gold and silver in complete free-fall

Fuck this clown world, I want to get off

>>22758667
Am I going to make it? Between my gf and I we have
SKS (500rds)
Sig p230 that jams a lot (500rds)
Maverick 18in 12 ga (200 shells mix of birdshot buckshot and slugs)

That ar15 looks aesthetic in that pic and preferable to mid-range engagements vs my long ass sks, should I get an ar15 pistol?

>>22759796
>The record lumber prices until futures rolled were because the QE of this year created a massive rush into housing construction.
Poor description. Half of the lumber push is exogenous and is due to the continued effects of artifical low interest and flight from the cities sending the signal that there's a surge in demand and this is supported by the fed being willing to take potentially non performing loans/MBA from the banks who write loans.

>>22759680
I have a bunch of silver quarters I'd rather not have sitting loose in my safe. I know the price of the Quarters, I want to know how much an empty tube to keep them in would cost.
>>22759660
Where would I get one of these?

>>22759707
The Fed will issue it directly, and have to work closely with the treasury to monotize it. They will also begin to hyperprint dollars to pay off the old debt. They will let american citizens move over to fed coin before destroying the greenback. This way people dont get fucked, lose privacy and control to the all seeing fedcoin ledger, and the megadebt kikes can kill all the old debt by hyperinflating the dollar away. Then they will say look no debt, we must institute mega gibs to useless people.

>>22759946
if times are really bad you will not hear "fear" everywhere, you will see politicians telling you to stay calm and rational

>>22759796
CPI measurement is fundamentally flawed. Changed in 1980 purposefully not to reflect actual inflation.

When over 100% of GDP is consumed by debt service, and debt service is required to continue expansion, how long until you increase M1 infinitely but it has no impact other than floating debt and preventing systemic defaults? Hyper inflation, you should read about it sometime.

>>22759581
that's going to be spot +$9 next week

>>22759989
.50 cents of post 64

>>22759797
Realestate is protection against inflation. And at these rates that protection is "cheap".

>>22759946
This is an almost identical environment to what was happening back in March, remember what happened after March?

>>22759483

>>22759796
Smoothest brain right here.

You are ignoring all the definitions of QE (even direct definitions from the Fed) we have been spoon feeding you. Your first paragraph is completely invalid. You are also relating PM prices to consoomer inflation, which is more than likely cost-push inflation NOT caused by an increase in the money supply.

>>22759897
Sup.

>>22759989
You can buy paper rolls or small cotton bags at the dollar store if you want to grab it today. I'm sure they even have plastic tubes available

>>22760051
Thanks anon.

>>22760019
CPI and what the Fed actually use (Core-PCE) were changed because they need to filter out inflation caused ONLY by fluctuations in the money supply. That is monetary inflation.

Fed controls monetary policy. Not VAT, not income taxes, not tariffs, or 100s of other factors that make food, gas, dildos etc. more expensive.

>>22760165
np anon, my lcs has bins of these tubes and a face value multiplier that tells me what the cost is, right now id imagine its around 16-17x

>>22760053
Increased access to capital, which in itself is trading future economic production, artificially spikes the demand and willingness to purchase housing. Sure, the interest rate is nice. Everyone has that interest rate though, and now the price is inflated, or artificially increased (bubble). Same thing that happened with the price of education once the gov started handing out student loans.

>>22760199
Yep, they had to adjust it after we went off the gold standard. I wonder why? Please explain "non-monetary" inflation. Is it based on a barter system?

>>22760096
Where did I relate pm prices to consumer inflation you fucking retard, I didn't even talk about pm prices. I pointed out that if you actually believe the fed's theories and the other shit you fucking Fischer Fetishists that suddenly invaded this already shit-hole are saying, you wouldn't own any pms. And if you think we have deflation, TIPS puts/shorts are free money and I would like to see your positions or have an explanation as to why you don't have them

>>22760216
Housing is high. A bubble is definitely possible. But if we do get inflation over 2 percent that bubble would slowly deflate and never really pop in a way noticeable to the masses. Most people dont even comprehend or know about inflation.

I bought this today.

>>22760216
No anon, like they said, inflation only counts when the price of televisions and potatoes goes up. Otherwise we are in deflation no matter what you say

>>22759263
good, i need time to stack, im a wageslave

>>22759951
Nothing wrong with your sks, but I would fix or replace your sig if it jams a lot.

TY, id recommend 14.5 or 20 inch AR if you get one, doesnt need to be fancy.

>>22760341
>if we do get inflation over 2 percent
Can we stop saying this? It's going to very likely be near or in the double digits for at least two years.

>>22760391
Why do you think this is different then what happened after 2008 and qe?

>>22760345
Looking really good anon keep it up! I wish I had any extra cash to buy this dip.

>>22759797
I mean reserve cash and liquid assets on hand. If you knew credit was going to tighten and the economic outlook was poor, even if you don't need cash now, you'd draw down any lines of credit you had open and issue new debt and keep the cash on hand for the storm ahead. Ford did the exact same thing leading up to 2008 and it's the only reason Ford came out of the crisis healthy while GM had to go through a Frankenstein process.

>>22758101
i can bake the next one fag

Not sure if I should buy the dip tomorrow or wait until Friday

>>22760537
I'm not saying there's anything different? It's just ridiculous to believe that inflation is anywhere under 2%.
>Inflation is the increase in the prices of goods and services over time.
From the mouth of the beast. 2% is pure retardation.

>>22758211
i hope physical drops to the teens for this thread to stack

>>22760606
EoD Friday for me and even then only stuff that doesn't have much debt.

>>22760305
One example of non-monetary inflation would be what we found out when trying to buy masks and household cleaning supplies in March and April. Shortages of supply and increases in demand drives prices up. Same thing for a lot of price rises lately. They aren't due to monetary inflation, but instead, due to supply chain issues and changing consumer habits.

>>22760305
>non-monetary inflation
Just think in terms of supply - demand. Cost-Push Inflation fucks up the supply side. For example, pandemic supply shortages, factory closures, oil price fuckery, extra taxes on chinese imports, extra regulation on business activities. None of this causes devaluation of the fiat currency, but the prices of some goods and services will rise nonetheless.

This type of inflation on goods & services doesn't affect PMs, so as stackers we don't care about it. It doesn't help our bull case. If the cost to produce something is higher, it will cost more both in USD and Gold. Purchasing power isn't preserved in cost-push inflation.

how do i do a ping test on merc dimes?

>>22760341
Housing is going to take a hit. Eviction moratoriums are meaning we'll see lots of rental mortgages default. Unemployment means we'll see primary residence mortgage defaults. If lending continues to be tight or tightens more, we'll see demand scale back.

Wow i got bass lasted today if you know what I mean

Down 10k from last week

Alasdair Macleod just commented on the current paper-price-smash. In sum, he says that the banks are looking extremely weak right now, and that it's a lot safer to be sitting in gold and silver, regardless of the paper price, than to be holding cash when a banking crisis could happen any day. If you hold money in the bank, you might simply wake up one day and find that it's all gone.

-

"I welcome the smash-down in gold and silver because it is probably the last opportunity for ordinary people to acquire more real money cheaply before paper currencies increasingly lose purchasing power and move towards a final collapse, which is increasingly certain.

The psychology of a sudden decline in prices is designed to hit investors hard. But we must not forget that physical gold and silver are being hoarded because they are sound money, so our response is very different: it is to welcome the opportunity to buy more, while clueless investors are panicked into selling…

Let’s look at some truths from the money point of view. First, bank shares are on their knees while stock markets are close to highs, which tells us that the risk of a major failure is significant. That being the case, do you want gold, silver or money on deposit in the bank? No need to answer that one.

Here in the UK we are going into a second covid crisis. The same is happening elsewhere, and I guess it is also on the cards in America. Where does that leave the V-shaped recovery? No need to answer that one, other than to observe the recent statistical bounce in GDP will vanish. The central bankers’ response we already know: whatever it takes, and that “whatever” is accelerated monetary inflation to infinity if necessary.

That is why this dip in precious metal prices is the last opportunity to accumulate real money, and be thankful."

>>22760673
There's no such thing as non-monetary inflation

>>22760788
Then stop equating all price increases with "inflation". Deflation and inflation are the result of monetary policy. Prices rise and fall for monetary reasons and also for a whole host of non-monetary reasons. We are in deflation. Prices may go up for other reasons.

How low does silver go in the next week?

>>22759263
If you were fucking smart and bought @ $15 an oz years ago then you’re up nearly 100%. And don’t start saying shit about MuH BTC or MuH “stocks go up” bullshit

>>22760727
I can only hope. I may be able to afford a house.

>>22760756
I'm down 40k

>>22760788
Checked but look up cost-push inflation

>>22760948
OOF
Hold steady dude we will make it.

>>22760782
Yeah, hold physical. Buy more if able. Equities are very risky right now. Sold my miners and am sitting in Cash, 30 Year Treasuries, and dollar index for investment funds. I'm thinking there's a bigger sale on the horizon.

>>22760568
thanks fren

>>22760893
I didn't equate all price increases with inflation I said that price increases driven by an increase in the quantity of money/credit are inflation. The quantity of money and credit aren't decreasing yoy. And to your point about mortgage lending being "tight":

https://fred.stlouisfed.org/release/tables?rid=52&eid=799655#snid=799660

mortgage debt is higher than it was last year and higher than it was in Q1. Real estate sales are high right now

>>22760680
I like the way you explain it, but it seems to me that's supply & demand in terms of market fluctuations. If the price of a stock also goes up, would you say that's an example of non-monetary inflation?

>>22760673
Supply & demand exists in markets. Ideally inflation is an increase in monetary supply, measured against goods that have a relatively constant supply & demand.

Of course nothing has a constant supply & demand. So there's a lot of semantics that can be divulged into.

>bought 15,000 shares of MUX at $1.50

Hahahaha

>>22760382
Thanks I'll probably try to get a makarov next to replace the sig

>>22761129

You're down 30%. First Majestic dropped 30% also during the last PM bull market. Look at it in perspective and don't worry about it.

how will the louisville riots affect the price of silver?

>>22760997
no choice...it's all physical. Been married to this
junk for 8 yrs. I'm never selling

I would say that the market price manipulations aren’t prohibiting true price discovery as long as everyone is able to purchase as much metal as they want.

Change my mind

>>22761129
>>22761175

(To make the point more obvious.)

>>22761020
Quantity of money and credit are decreasing month-over-month since May 2020.

https://www.federalreserve.gov/releases/h8/current/default.htm

>>22759263
Time to blast the silver miners with dry powder

>>22761078
Supply / Demand market fluctuations are just called cost-push inflation.

Price of stocks going up I think are related to Portfolio Balance effect as listed in >>22758850

When the Fed does OMO for QE and lowers yields on US treasuries, all the fixed income portfolios have to substitute the risk free gainz with other assets. They probably also want to take profits on their bonds because lower yields = higher bond trading price, then they put the proceeds into risk assets like stocks.

>>22761255
Yeah there was a good break down of all the metal bull markets and their various "crashes" where the price dropped,

>>22760727
Kek idk where you are but in my area there is a supply shortage for homes. There is so little supply people have to pay more than the bank loan appraisal.

>>22761260
But the dollar itself did not disappear, judging by the drastic increase in bank credit. So, when the defaults happen, yet again, the money will flow out, again, thus 2008 happens, again.

>>22761309

BHS is so low that I'm getting tempted to buy the whole damned company. I always wanted my own silver mine.

>>22758204
>>22758161
So glad I bought physical before it started to decouple from the spot price.

>>22761411

Thank you, this is interesting. A separate point, but I also liked this picture from GoldSilver which I saw lately. Really drives home the fact that demand _must_ overwhelm physical supply sooner or later. If anything, the paper price being lower will only hasten that day. It will happen all of a sudden. That's what people who are exiting mining stocks need to be wary of. You'll wake up one day and read "The COMEX has defaulted," and then see in the futures that Impact Silver or Dolly Varden is up 500% pre-market, and then it will be too late to get in.

>>22761453
>Market Cap 19.45M
We can do it /biz/! Hostile takeover time.

>>22761415
Same here. Also the amount of unemployed seems a bit too overexagurated. The people who lost their jobs are probably just the pleb renters anyways.

singles and i buy 25 kangas
dubs and i buy 2 kilo bars

AAAAAAAAAAAAAAAAAAAAAAAAAAAAA
THEY JUST GOT A CLAP ON THE BACK AND ARE ALLOWED TO DO IT AGAIN
THEY WILL DO IT FOREVER, THEY JUST HAVE TO PAY A SHARE OF THEIR EARNINGS TO THE FUCKING FEDS
THEY DONT EVEN HAVE TO GIVE BACK TO THE PEOPLE THEY STOLE FROM
THEY HAVE TO PAY THE FUCKING FEDS

Eurofag here. I got a silver knockout at $22.10 with a leverage of x40. How fucked am I?

>>22761260
Except the quantity of money and credit has not decreased over that time period. Bank loans may be 3% lower than in May, but actual money and credit have not changed. Besides, the fed can and will increase money and credit if it materially contracts.

>>22761757
your taxes dont even go to the gov, it all goes to the fed

>>22761788
How can the Fed increase money and credit?

Don't say QE because it literally cannot have that effect under current regulations. The rate of inflation is decreasing. QE has been going on this whole time in full force and yet the rate of inflation is still decreasing. Eventually that can turn into deflation. This is the current trajectory. If you stack PMs you need to know this.

Keep buying those dips!

>>22762102
>How can the Fed increase money and credit?
- /pmg/ 2020

>>22762182
the fuck is this garbage

>>22762102
True that the intrinsic value goes down in deflation. The extrinsic value of it being a save haven during market uncertainty is what I think a lot of big heads bet on.

Latest SLV news.

>>22761681
People are also buying "getaway" homes as their second home and the low interest rate is making it even easier for them. Its just the divide between the haves and the have nots growing even bigger.
Maybe when people realize we will be at low interest rates forever and they cant make the payment on their second home we might see a crash, but even then that would take a while.
Its more so people people realizing that money in the bank means nothing if you live in an unstable place.

Saw this dude pop up in my recommenced, is he a complete retard or is he worth listening to?
https://www.youtube.com/channel/UCzDPENjPq_D4VKguvUwH2xw

>still down on miners because I bought the top

>>22762190
Give us a lesson then with some sauce.

Your personal view from >>22759796 is completely wrong.

Gonna get a couple scottsdale stackers. Will I see them before the electioni? How long did it take for you guys from order to arrival?

>>22762399
>>22761788

You niggers are you literally trying to tell us that the fed can't increase the supply of money.

Just looked at the comments section on Mike Maloney's latest video. People are absolutely furious. Sentiment is plummeting. Very favourable sign for silver.

"I'm stuck in my silver position now, thanks to listening to people like you and Peter Schiff. I'm sure I'll come out just fine, when I break even in 30 years. Shame on me, for being a new investor and listening to pumpers and metal bugs. It won't happen ever again."

>>22762525
wait did these people buy SVL and not real silver?

>>22762190
some of us are learning things instead of repeating half-baked takes. I come to /biz/ and /pol/ to seek out the truth. I am not seeking a simple contrarian take if it isn't grounded in reality. I want the truth. Right, now, there are better explanations than "muh printer go brrr". It sucks that it can't be as easy as that, but I'm willing to go wherever the truth takes me, even if that makes me a short/mid term dollar bull. I'm still a stacker.

>>22762399
That's literally Austrian econ 101. Like I said, you're both Keynesians/Neoclassicists in a pm forum and you're too stupid to sell pms and short tips if that's what you actually believe.

>>22762459
And you nigger have yet to explain why the Fed's own definitions of QE and OMO state explicitly that they don't control the supply of money in the broader economy.

>>22762525
This is the problem with half-baked explanations. They have some things really right, but don't have the full picture, so it makes their short term assessments absolute garbage. They get everyone revved up when they misread the macro, and then people get demoralized like this. Now, instead of holding their physical like they should, they will think they've been swindled and sell their PMs, making sure they get fucked in the future. We need accurate info, not a basic bitch explanation that is wrong. Just because your thesis end point might be right doesn't mean the path that gets you there is accurate. I would also be sitting here confused as well if I hadn't started listening to some other smart people giving me a better explanation.

>>22762525
>Sentiment is plummeting. Very favourable sign for silver.

Can you please expand on this statement and what you mean by "favourable"? I am but a smoothbrain dragon and don't follow what you're hinting at.

I have 60k in small cap mining equities. Am I going to die penniless in the street or am I going to make it?

>>22762637
So when MZM increased by 3 trillion dollars in march, that had nothing to do with the fed?

>>22762699

It's known as contrarian investing. Low sentiment tends to be a favourable sign for an investment. It means that weak hands are dumping something; which allows stronger ones, who will hold on firmly, to buy even more of it.

>>22762661

Any one selling now is going to get caught out. When the system collapses it will happen swiftly and suddenly. A banking crisis, China dumping the dollar, a COMEX default, whatever the black swan may be. I won't sell a single mining stock or a single ounce of silver, because I want to be in the right position when whatever happens, happens.

>>22761828
>The Fed
The federal reserve bank
>The Feds
The federal government

>>22762578
Even if you are blind to the current falling rate of inflation, two caveats for my PM bull case remain:
>Fiscal spending
>Implementing US CBDC

Macro-faggotry belongs in PMG because it helps us time the price moves. Timeframe for the caveats, fiscal I'm thinking comes but not for a few months, and US CBDC is coming too but for a few years. So short term I am long US treasuries, waiting to catch a bottom in PMs, then swapping them hard.

>>22762525
are they wrong? they bought silver and are now down at least 40% due to premiums, much more if they bought closer to ath. I don’t understand why you guys even shill silver at all when it’s far more speculative than gold, which is much closer to the ideal of “real money” you all purport to espouse

>>22762806
That's my point. The hype guys tell everyone we are about to go over the edge, they buy, then prices drop, and people think they were duped and then sell. That's not a good outcome. We can talk about prudent measures without being so dramatic.

>>22762881
No, tell me exactly in your economic theory the fed not controlling the amount of currency in circulation is? Is it next to Paul Samuelson saying that the Soviet economy was "proof that a centrally planned economy can thrive"

I agree that sudden realization that fiscal stimulus isn't coming in the next two months is why we are having a sell off. But you and the other fag didn't predict that. It is happening because an 83 year old couldn't keep breathing for another 4 weeks. It has nothing to do with you tards trying to say that money and credit are contracting, despite the fact that they aren't

>>22762917
yellow rock expensive
grey rock cheap
yet grey rock is used more?
Grug think soon grey rock not so cheap.

>>22762525
Even if they purchased at all time high and it dropped to all time lows they would only be out 66%. What did they do? Buy on credit card?

>>22762917

There's nothing speculative about silver. The fundamentals are clear. Why do people buy gold? To protect themselves from the collapse of the inflated $100 trillion bond market, and $60 trillion stock market; which we all know is inevitable, because of the debt-trap. Well, silver fulfils that function as a safe haven just as well as gold; except that it is superior in function for industry, and at an all-time low historically because of manipulation. When the manipulation stops, and the GSR reverts from 1:80 to a normal ratio of 1:14 or lower, you want to be holding silver, not gold. It's that simple.

>>22762959

We _are_ about to go over the edge. It can happen any day now. Trying to time it is pointless, you simply want to get positioned and wait. Anybody who bought gold or silver or mining stocks this year is going to make a fortune regardless of their entry-point.

YOU MOTHERFUCKERS LIED TO ME AND CONVINCED ME TO BUY SILVER I BOUGHT SILVER AT AN ATH OF FUCKING $29 DOLLARYDOS. HEHE COMEX DEFAULT SOON. I SAW SOMEONE SELLING 30 LBS OF SILVER WHEN I BOUGHT AND THOUGHT HAHA DUMMY SILVER IS GOING TO $80 EOY NOW WHO'S THE FUCKING DUMMY??? I AM COMPLETELY FINANCIALLY RUINED AND I WILL NEVER RECOVER FROM THIS. IF I EVER HEAR THE WORDS PRECIOUS METALS GENERAL IN REAL LIFE I WILL KNOCK YOU OUT AND STEAL YOUR FUCKING MONEY!!!!!!! FUCK YOU ALLLLLL

>>22763025
>>22763106
delusional
>>22763095
tack on the 20% premium

>>22763007
If you think RBG has anything to do with this, I can't help you. This is 100% about the gas running out from the stimulus and lending tightening. If the government does nothing, the massive deflationary forces crash everything, PMs included. Since everyone was expecting round 2 and DC decided to have no deal, well...this is the inevitable result. Yes, I did predict this. I sold my main equities 2 weeks ago. I only sold miners recently. I'm out of equities completely.

>>22757939
learn history or be doomed to repeat the shenanigans again that's all i have to say.

>>22762757
I would think that the large majority of that was the economic stimulus bill passed by Congress, not the Fed. The remainder was a spike in new loans that are probably not looking too healthy.

Stimulus = direct increase of MZM

>>22763165

If deflation crashes everything, that's going to crash the banks as well. You don't want to be holding cash when that happens. When the music stops playing it's going to be a sharp sudden event, it may happen too quickly for anybody to re-enter their positions.

>>22763120
top kek

>>22758097
How this can be settled with funds going to the government instead of having a full blown trial to determine the extent of the manipulation as well as set precedent to prevent it from occurring in the future is a crime against humanity. The government was likely fully complicit in the acts of jp morgan. This is on par with typical Jewry. No escaping it. Such is life.

>>22763191
Yep. Stimulus checks, $600 unemployment supplemental, and PPP "loans", and direct bailouts. Congress, not the Fed. Then we hit a plateau because the stimulus money stopped...hence here we are now...

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22763120
Retard. Metals are just a commodity.

Not a fucking stock that you can swing for a couple dollars.

You’re suppose to bury your treasure and don’t touch it.

It’s just a hedge against inflation, which it will happens and very soon. The US printed trillions in a short amount of time plus unemployment and many industries still partially closed.

Don’t sell your silver. Chill out anon.

Just hire a hoe and release your anxiety.

>>22757939
This question has been burning in the back of my mind for days. Where the fuck do the bullion dealers get their junk silver from? Does the government have huge reserves of junk silver that they took out of circulation in 1965 that they sell to make a profit?

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Would it be smarter to buy 1/4oz gold or an equivalent worth in silver during this dip? Can't buy more than until next week

>>22763007
The Fed does not control the amount of currency in circulation because it has no facilities to do so. If you knew of any you would have referenced them already. QE and OMO do nothing but add bank reserves to base money which only helps keep intra-bank settlements running smoothly. This is all written out for you across all the Fed's own sources.

>money and credit are contracting, despite the fact that they aren't
You even looked at this >>22761260 and you still claim the opposite.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22763287
>Don’t sell your silver.
Better yet buy more silver during the dip

>>22763327
They buy it from people who want to sell it to them anon

>>22763327
I believe most of them buy directly from the source (miners), a part from central banks (in case of gold) and 1/3 comes from jewelry.

They literary buy a bunch of tons in jewelry and burn it. It’s also cheaper that buying silver from the mines.

Same with gold.

PS: Never buy fucking jewelry, and diamonds sucks too. It’s just a monopolized mineral with is not as uncommon as you think.

>>22757939
Pedophile jannies have been on a power trip recently

>>22763204
I hold physical for that possibility. But in deflation, cash will be better to have to buy assets on the cheap.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

WTF WAS THAT?!

>>22763361
>The Fed does not control the amount of currency in circulation because it has no facilities to do so.
Umm anon it controls the amount of currency in circulation by buying or selling new government bonds, as well as increasing or decreasing the fed funds rate to encourage or discourage lending/borrowing of banks.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22763478
>>22763371
I get banned for announcing the end of my ban but posts like these never get banned. Makes sense

>>22763438
>what is junk silver

>>22763373
Exactly. Also coins are a good idea if you plant to resell at street price (which is higher than at market price).

Bullion bars only in paper, it’s harder to sell them back and many banks will buy them lower than at market price.

> Yes, paper is a bad idea for a long perspective but it’s suppose to be a hedge only to protect yourself from a crash. Not to accumulate.

>>22763456
The risk here is that they issue emergency order implementation of US CBDC. The US Gov can't handle any kind of deflation given the amount of interest we already pay on our existing debts is so high.

>>22761583
Anon. JPM is going to pay 1 billion USD in penalties for manipulating the markets. COMEX will NOT default. They will just kick the can down, hate to break the nees to you. Those penalties are nothing compared to the amount of money they are making.

>>22763500
And another wick, guess they are back to it

>>22763634
>>22763500
Guys the comex is closed between 5 and 6 est idk what data you're talking about unless it already happened

>>22763538
Its suppose to enlarge your dick a couple inches and give you powers to seduce women.

Also at an accesible price for corporate slaves that have to pay bills.

Gold in the other hand, is a chad currency for the elite.

>>22763533
I'm AAAAAAAAAAAAAAAAAdding to the discussion:

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22763608
>COMEX will NOT default

>>22763666
Wait is this the lbma?
Nvm carry on

>T-minus 2 minutes
Nervous lads

Hey scrapsperg , if you are around what do you think of this? The inlaws gave it to me, there is not really any hallmarks, on the front it looks like it says hotel kamp and the circular sun kind of looking stamp at the back. No 925 or sterling or anything on it. I am worried it was just plated at one time but it is not magnetic and the black tarnish on it gives me hope.

>>22763709
it's moved 0.30€ up right now

>>22763740

>>22763608

The market is crashing now and will continue to crash without further liquidity. You have $100 trillion in bonds, $60 trillion in stocks which must deflate. All that money is going to need to run somewhere. It won't run to the banks, because, if stocks crash, the banks will go into a crisis and collapse as well. It won't go into bonds, because people fear a dollar crisis. There's going to be a run on physical metal, and the COMEX _will_ break. Rich people need somewhere to put their money; they don't want to get wiped out, and they won't be. Silver is one of the only safe havens there are, and its $2.5 billion annual investable market cap is minuscule. Physical demand _will_ overwhelm paper games, the fact is inexorable. Just as when Palladium soared a couple of years ago. It only takes one big company (Ford in that case) to break the paper market and cause a default.

>$1847 gold
ITS HAPPENING

>>22757939
>>22757939
I will kill every single mod and janny on this board. I will come to your house and execute you. I will torture and kill whatever family you have in front of your dying eyes. This is not a joke and I am going to kill you all.

>>22763511
We went over this already. I used to think like that too. When the Fed buys bonds through OMO it swaps bank reserves to Primary Dealer banks.

Bank reserves are not money in circulation. They help banks maintain intra-bank liquidity.

Fed funds rate affects the lending and borrowing of banks BETWEEN THEMSELVES, not to the commercial markets.

If you believe what you said then you have to explain why both money in circulation AND bank lending have decreased since May 2020 despite the Fed buying $80 billion in bonds each month.

>>22763608

The market is crashing now and will continue to crash without further liquidity. You have $100 trillion in bonds, $60 trillion in stocks which must deflate. All that money is going to need to run somewhere. It won't run to the banks, because, if stocks crash, the banks will go into a crisis and collapse as well. It won't stay in bonds, because people fear a dollar crisis. There's going to be a run on physical metal, and the COMEX _will_ break. Rich people need somewhere to put their money; they don't want to get wiped out, and they won't be. Silver is one of the only safe havens there are, and its $2.5 billion annual investable market cap is minuscule. Physical demand _will_ overwhelm paper games, the fact is inexorable. Just as when Palladium soared a couple of years ago. It only takes one big company (Ford in that case) to break the paper market and cause a default.

>>22763500
>>22763634

welp

>>22763829
MONEY AND CREDIT HAVE NOT DECREASED OVER THAT TIME PERIOD GET THIS OUT OF YOUR HEAD IT IS OBVIOUSLY FUCKING WRONG JESUS CHRIST ALL MONEY SUPPLY FIGURES ARE UP OVER THAT TIME PERIOD AND NET CREDIT IS WHERE IT WAS. JUST BECAUSE BANK LOANS WENT DOWN 3 FUCKING PERCENT EVEN THOUGH EVERYTHING ELSE MADE UP FOR THAT DECREASE DOES NOT MEAN THAT WE ARE IN DEFLATION

GET OUT OF THIS FUCKING THREAD

>>22763740
If there’s a pawn shop in your city then you can ask them if is silver. Some shops have tools to verify the purity.

.925 silver is a standard, it’s the equivalent to 92.5% silver. - Which is used mostly in jewelry and bullion bars.

If there’s none reference to it’s purity it could be a pretty old spoon. It wasn’t required by law a few decades ago, remember that silver wasn’t worth shit until the new century.

>>22763849
>>22763789
>>22763500

Let the price fall. The more paper gold and silver go down, the better. Puts even more pressure on physical prices at a time when people want to exit stocks, and fear a dollar crisis in bonds. The prices will keep going down until suddenly one day they won't. As soon as the COMEX defaults you have instant true price-discovery, and you're either sitting in your chair or you aren't.

>>22763830
This is exactly why small cap miners have no other option but to absolutely explode. There literally is no other way.

>>22759244
Might want to get acquainted with the horrible fees first though

>>22763327
I still haven’t got a solid answer to this question. There isn’t enough people selling to bullion dealers to keep up the demand for it. I have to imagine there’s something going on behind the scenes

>>22763944
Bingo!

>>22763829
>>22763878

M1: https://fred.stlouisfed.org/series/WM1NS
M2: https://fred.stlouisfed.org/series/WM2NS
MZM: https://fred.stlouisfed.org/series/WMZMNS
And look at the total bank credit figure in the h8 you linked earlier.

>>22763829
>>22763511
Also they are not just buying new gov bonds but buying the majority from the secondary market (existing bonds). This is all spelled out by the Fed itself
https://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html

I already did the deep dives for you fags. I don't know why I keep spoon feeding you primary sources. I have no agenda and I'm not trying to demoralize. If you are aware of these big dick macro trends you can time your PM entry and exits and know what to watch out for to change your mind. Otherwise you are just like a reddit söyboy buying TSLA at the top and dollar-cost-averaging on the way down. Or worse, you're like the Tanker Stock Generals

>>22763981
Kinesis just charges 0.22% on transactions. It's pretty cheap. Bullionovault does offer a better service if you're rich though, since kinesis only has like 40 million in total assets

>>22763988
I went to a big currency & bullion exchange to buy junk silver the other day. The guy was legitimately surprised and asked how I knew they had junk silver. (It's not listed on their website.) I think they just accumulate it from people selling it over time.

>>22763829
>When the Fed buys bonds through OMO it swaps bank reserves to Primary Dealer banks.
What reserves? The fed doesn't have reserves. Are you saying that this process simply provides the bank with reserves?
>Bank reserves are not money in circulation. They help banks maintain intra-bank liquidity.
5 percent of money in circulation is base money. The other 95 percent comes from fractional reserve. Intra bank liquidity is based on credit issued vs base money on reserve as well as the fed funds rate. I fail to draw any conclusions based on this statement, unless I am misunderstanding something someway.
>Fed funds rate affects the lending and borrowing of banks BETWEEN THEMSELVES, not to the commercial markets.
This influences all interest rates for the goyim as well as the banks themselves. You saying this alone makes me question all your logic as it points out to me you do not understand what the fed funds rate actually does.
>If you believe what you said then you have to explain why both money in circulation AND bank lending have decreased since May 2020 despite the Fed buying $80 billion in bonds each month.
Sauce?

>>22764084
>>If you believe what you said then you have to explain why both money in circulation AND bank lending have decreased since May 2020 despite the Fed buying $80 billion in bonds each month.
>Sauce?
I already linked it above. He's fucking wrong and I have told him 3 times that his basic point is objectively wrong.

>>22764121
Thanks anon. He did a good job at making me question myself ill give him that

This video is so good. Thanks to whichever anon posted it. Serious nuggets of comprehension in here.

https://youtu.be/B4xcCO9v-Os

DXY is going above 100, maybe even 105. Cap this. If you don't think this will happen and it does, you may need to reevaluate your thesis.

>>22763830
I'm going to laugh when you are completely wrong. TPTB have way more control than you think. You think they are slaves to the system, it is THEIR SYSTEM. It doesn't do anything they don't want it to do.

Over and over again people of your mindset make the assumption that they are going to lose control. You are a stopped clock. Keep betting against the fed, I am sure it has been working out great for you.

>>22763878
TOTAL BANK CREDIT = THEIR LOANS + SECURITIES

Banks are decreasing loan assets and increasing their bond holdings. You made the connection earlier and its almost as if big money has come to the conclusion that holding bonds will be more profitable than net interest profits from loans. Lending is decreasing, bond holdings are increasing. You wouldn't hold bonds if you think inflation will increase bigly.

>>22763992
Look at the RATE OF CHANGE on all those graphs. The rate of change is decreasing. This does not mean we are in deflation and nobody is claiming that. Deflationary pressures cause the rate of change in inflation to decrease.

kek. metals go up tomorrow.

>>22764307
This. Banks are buying more bonds and lending less.

>>22763988
>There isn’t enough people selling to bullion dealers to keep up the demand for it

??? anon people sell to dealers all the flipping time.

These coins were minted in the many many millions for decades, and when they stopped making them, nobody was turning them in for base metal equivalents, everyone hoarded the silver coins.

This is such a common phenomenon it is known as Gresham's law and it has been brought up many many times.

>>22763287
It's actually a good hedge against deflation as well. When deflation begins, stocks and real estate crash and people run to pm's and securities for safety

>>22764324
>end their probes
so that means back to the old games?

>>22763976
>This is exactly why small cap miners have no other option but to absolutely explode. There literally is no other way.
Sure there is, what if the money doesn't move into PMs. Anybody certain about the future is usually going to be surprised.

>>22764324
Except that was a headline this morning

>>22764293
imagine being this mentally enslaved and delusional.

right now TBTB have less control then a medieval king.

We are reaching levels of hubris that make a shakespearian tragedy look like office space.

>>22764329
WRONG.

>Mortgage rates edged up slightly this week, although they remained near record lows, according to a Bankrate survey released Wednesday.

>The average cost of a 30-year fixed-rate mortgage was 3.10 percent, up from last week’s all-time low of 3.09 percent, according to Bankrate’s national survey of lenders. Bankrate includes origination points and other fees in its figure. The 30-year fixed mortgages in this week’s survey had an average total of 0.33 discount and origination points.

https://www.bankrate.com/mortgages/mortgage-rate-september-23/

https://www.nerdwallet.com/mortgages/mortgage-rates

https://money.com/todays-mortgage-rates-9-22-2020/

>>22764341
exactly
>inflation: OH NO MY MONEY IS WORTHLESS! what is a safe haven?

>deflation: OH NO MY ASSETS ARE WORTHLESS! what is a safe haven?

>>22764396
head fake. this hog wash dxy recovery can suck it. you know trump is going to buy this election with an EO/stimulus.

>>22764444
checked and smart money pilled.

>>22764404
I was totally on board with the TPTB losing control thesis but it's predictions aren't coming true. Where is the September Silver Crisis you all were predicting? Where is the COMEX crash you all were predicting? Where is the inflation spike you all were predicting? Wrong. Wrong and Wrong.

The fed is talking about UBI and digital currency. AKA they are going to exert even more control over monetary policy and spending. You can tell me until you are blue in the face about your esoteric theory that predicts a major crash but the facts are the facts. I wish I hadn't listened to you and bought silver.

>>22764521
Wait, you bought PHYSICAL metal with the intention of flipping it for cash after a month? I don't believe you. Post a timestamped stack or you're just shilling to the wind.

>>22764084
>The Fed doesn't have reserves
Its all right here in OMO description: https://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html

>fractional reserve banking
This model can't work anymore because there is no reserve requirement as of March, and most other central banks got rid of it years ago. You can't prove how base money has any affect on money in circulation.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm

>You don't know about muh Fed Funds
This is the Feds definition
>The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances. In simpler terms, a bank with excess cash, which is often referred to as liquidity, will lend to another bank that needs to quickly raise liquidity.
Nothing in there about directly influencing goy rates

>sauce
this for bank lending:
https://www.federalreserve.gov/releases/h8/current/default.htm

pic related for the % change in money supply growth.

>>22763438
What companies mine junk silver? I thought all along that the mint made coins from raw metal. Who knew you can dig already minted coins out of the ground! I need to find where naturally formed silver coins can be found and stake a claim! So is junk silver usually found in placer or hard rock deposits? Is there a geologist here who can explain how coins form naturally in the ground, with the likenesses of recent leaders on them?

>>22764521
You keep attributing opinions to me which I have never held, nor espoused, then calling me wrong.


And yes, governments are doing more and more crazy desperate shit like UBI and digital currencies.

Desperate measures are not signs of of increasing control, they are signs of losing control.

Like a fist clutching ever harder at water.

>>22764444
>>22764511
Checkception

Reminder to say
>thank you Jews!
Twice daily in /pmg/ for silver dip to keep going

Also I literally told you all this would happen and most of you didn't pay attention
I told you the March madness dip would repeat itself but this time itll last long enough for actual prices to drop

>>22764559
No I bought physical on the thesis that things were going to go progressively out of control. As in we were going up to 100/oz in a year. A couple months ago that looked probable but now it is looking increasingly less likely.

>>22764670
>Like a fist clutching ever harder at water
Like realizing their fist is a shitty way to scoop water and using a bucket.

You just don't get it.

>>22764354

Buy dollarized companies when the banks and the dollar are on the verge of a crisis. Makes sense. Don't think China or Russia will be exchanging gold for that worthless Tesla stock. You might be able to sell it later for a loaf of bread.

>>22764570
You said earlier that money and total credit was contracting. Now you are saying it's not rising as fast. Money is not contracting and it will not contract to a material extent.

Please show me your shorts on TIPS or leave the thread. You or the other fucking retard said you're also long 30 year treasuries. That is contrary to your thesis you fucking retard. If we actually see credit and monetary contraction, bond valuations implode. Get out, both of you

>>22764754
Fragilista

>>22764036
>Kinesis just charges 0.22% on transactions
They also charge withdrawal fees ($25 per withdrawal), wallet transfer fees (.45%), account transfer fees (.45%), you have to pay a fee of .10% and .20% respectively for gold & silver if you want them to hold your pm's and get their crypto in return(lmao) and if you want to withdraw physical you have to pay $100 as well as .45% fee. They also have a "minting" (crypto mining) feature which takes a fee of $25 when you deposit funds there, also your bank may also fee you. Then, finally, there's the top-up fee. The Kinesis debit card can hold $500 at most and will charge a .22% fee every time you have to top-up your debit card.

That's a lot of fees

>>22764754
nah mate, you are an idiot if you cannot see this shit unraveling. Go sell your physical, which I dont even believe you bought (show a picture with timestamp if you want any cred), take your loss, and then go whine in some other thread because you bought local highs because some 4chinner told you as opposed to DYOR and dont have the stomach to see the play through.

>>22764768
Same thing I have been saying for months. Tesla is a shitty investment, Elon is Pt. Barnum. But real people are making real money off the stock. Bitch and moan about how clown world it is as much as you want, it doesn't change the fact that people that bought Tesla stock are grossly outperforming other assets.

>>22758783
I'm buying this weekend if we're <$23.50
If we go lower next week I'll buy again.

when should i load up again?
dippin pretty hard

>>22764874
That's for you to decide, amigo

>>22758035
Oh nice, I made it into a screen cap! :')

>>22764936
BUT IF I MISS THE BOTTOM ITS NEVER GONNA BE THIS CHEAP AGAIN

>>22764352
Ya doesn't look like a good sign, another decade of suppressed prices or if jpmorgan goes under it will end.

>>22764806
Those are wire transfer fees though. You can get around it and just send tether to their exchange if you want. If you're storing physical not on their blockchain with them you'd be retarded. Compared to all of their competition, they are much cheaper and have guaranteed competitive bids because there's more than 1 market maker. Bullionvault for example charges 0.5% on every transaction as well as annual storage fees around that amount. If you want bullion stored with a third party, they are the cheapest option by far. If all you did was hold it there, it would be much cheaper than their competition. No one else offers the combination of free storage and low transaction fees.

>>22764999
Well it's cheaper now. So what if it goes down a little further? Buy a little each day as it drops.

>>22764999
Checked

>>22763740
IT AIN'T ME! IT AIN'T ME!

>>22765028
>If you want bullion stored with a third party
nty
>If all you did was hold it there, it would be much cheaper than their competition.
No, the cheapest option is to hold it yourself. Besides, they will charge me over $100 if I want the bullion back. Not very cheap if you ask me

>>22764833
It totally looks like everything is going to fly apart. We have every fucking problem a culture can have, all at once. I totally agree with you there. I was totally on board with peak oil too, because if you look at energy return on investment it is constantly trending the wrong way. Tight oil wells deplete way faster than conventional wells. The third world is growing exponentially. Yet here we are, the show is continuing to go on. I can fill up my car for $40.

My entire life it is looked like shit is going to spin out of control. It has felt like we are on the brink of everything going to hell. Yet it never happens. I talk to my parents who are in their late 70s. Same story. After the 50s it has felt like there is always a civilization ending threat, and IT NEVER MATERIALIZES.

So I have the square this. On one hand I know exactly what you are saying, I feel exactly the same thing. But on the other it turns out to be unfounded every time. I sat out of the last bull run because I thought there was no way things could pick back up. Then as they picked back up I thought it was based on nothing and it was going to crash every minute. I am not making that mistake again. If I think/feel one way and reality points another way, reality is right.

(and no I am not going to post my stack on this honeypot)

>>22763255
Kudlow just said we don't need another stimulus package

>>22765125
Kudlow needs a swift kick in his vagina

>>22763740
junk

Craig Hemke just said that Eric Sprott won't be selling a single mining stock share into this downturn.

"The shares were obliterated, too. And here's how bad and irrational it was. Just last week, Kinross announced a reinstatement of the dividend they'd eliminated back in 2013. And now, in the time since this significant bit of good news, the stock is down 12%. Utterly ridiculous and a great example of why you must try to remain rational at times like this. I can assure you that Eric isn't selling anything this week."

>>22764570
Now you're just being purposefully misleading or have no clue what youre talking about.
>>The Fed doesn't have reserves
>Its all right here in OMO description: https://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html
The fed supplies the reserves to the banks BY INCREASING A NUMBER ON THEIR BALANCE SHEET. Saying that having a balance sheet is equivalent to having reserves is jew level thinking.
>>fractional reserve banking
>This model can't work anymore because there is no reserve requirement as of March, and most other central banks got rid of it years ago. You can't prove how base money has any affect on money in circulation.
>https://www.federalreserve.gov/monetarypolicy/reservereq.htm
Having no reserve requirement makes it so banks can loan out an infinite amount of money with nothing on reserve. This policy, by definition, can ONLY INCREASE MONEY IN CIRCULATION. The only way it wouldnt if banks started lending less after it was instated, which I can almost guarantee did not happen.

>>22765111
No it's not, because you are paying like 25-27/oz right now vs. 23.30 with them or any other provider. Also you actually get a portion of everyone else's fees with Kinesis. So if you're a stacker, you end up getting additional silver/gold. Obviously don't buy it till you have $10k plus in physical, but if you just stack gold in your house forever you are a schizo that is never going to actually use your savings for anything.

>>22765201
>>22764570
>>You don't know about muh Fed Funds
>This is the Feds definition
>>The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances. In simpler terms, a bank with excess cash, which is often referred to as liquidity, will lend to another bank that needs to quickly raise liquidity.
>Nothing in there about directly influencing goy rates
"The federal funds rate can influence short-term rates on consumer loans and credit cards as well as impact the stock market"
source: https://www.investopedia.com/terms/f/federalfundsrate.asp
>>sauce
>this for bank lending:
>https://www.federalreserve.gov/releases/h8/current/default.htm
Not clicking dont care anymore. You have proven to be misleading - i am going to assume purposefully at this point.
>pic related for the % change in money supply growth.
Literally shows an increase in m2 money supply since March. Fucking retard

>>22761175
Bought 200 shares first majestic at 12, literally the day before the dumping, im down like 400 something from that

are any of the bullion dealers pricing in todays fall in prices yet? I want to buy more with this dip but it feels like all the dealers aren't updating their prices fast enough.

>>22765250
Most online dealers have a set premium and go off the spot + <set premium> so it auto updates when the spot changes

>>22765210
>No it's not, because you are paying like 25-27/oz right now
????? I'm not paying anybody for holding my silver. Care to explain what you mean by that?
>if you just stack gold in your house forever you are a schizo that is never going to actually use your savings for anything.
>if you just stack gold in your house forever you are a schizo that is never going to actually use your savings for anything.
How am I a schizo for being cost-efficient? Why would I pay a third party to hold my silver if I can hold it for free by myself? When the markets change I can act accordingly and fast because I hold the bullion close by

>>22763165
No offense but I check pmg daily and when I come home from work or wake up I will even click on previous thread links to see anything I may have missed and I don't recall many posts if at all of people saying miners were overvalued and that we should sell out of them. I don't doubt you said it, but you weren't exactly shouting it from the roof tops or often... actually it was the opposite every thread people claiming miners undervalued and buy buy

>>22765250
Monument metals has a deal for 1.99 over spot today only.

>>22765210
Anon you need to ask yourself
>why is it so cheap for someone else to hold my PMs
The answer almost always lies in the fractional reserve tactics used by the bullion bankers to profit from.

>>22763025
>Red rock used the most
>yet red rock cheapest of all?

Also, this dip has really proven that despite all the "not selling" and "hold as a hedge regardless of price" rhetoric on here, /pmg/ is filled with just as many emotion based investors as any other board. I know some of it is memes and jokes but I'm sure some of you out there are watching the price drop for the first time and just assume this shits going back to $15 for another 10 years, calm down, its not that big of a deal. This is just your last big buying opportunity before the price shoots up, my guess? $38-40 is the top, sorry y'all I know you want $500 silver but lets be realistic, and once that happens I'm liquidating most of my silver and going all in on gold

>>22765352
>1.99 over spot
Brb anons don't do anything while I'm gone

>>22765316
You are paying for a much more efficient supply chain/oz in the retail market, which brings the price from 23.30 (that's where every comparable service is pricing silver right now) to probably 25 depending on where you buy it. 0.22% on 23.30 is $0.05/oz of "dealers fees" vs $2/oz in the retail market. Unless you are buying 1 oz at a time (in which case use a US service like oneGold) even with the wire transfer fees you are saving money AND you have better liquidity. You also get a portion of everyone elses 0.22% exchange fees for holding in the Kinesis system.

When it comes time to sell, you are going to get less than the price you can buy at that day with retail amounts of physical. With Kinesis, you sell on the open market for the same amount you would buy at that day, because you are the market maker.

Like I said, you should have a good amount of physical before you use one of these services, but they offer much better liquidity and lower costs than physical, especially right now. I'm not saying YOURE a schizo, but the "you don't hold it you don't own it so I'll never take part in any system of any kind" crowd constantly shits on vaulting services/markets

>>22765352
What kind of silver was that deal for?

>>22765371

I only see one or two serious fud-merchants in this thread. The other despairing posts are intentionally funny.

>>22765356
It's not any cheaper if you're buying $50k at a time, but then you still have to insure it somehow and you aren't going to be able to without a big boy vault that has low marginal operating costs. That's like saying, "the only reason walmart can buy cereal cheaper than I can is because of fraud". There is 1/100th the amount of shipping involved with these services and zero hedging costs since the services themselves don't ever own the metal. Do you also have your brokerage mail you bearer shares?

The fact that giving advice to sell without posting a timestamp of your stack or a photo of your miners portfolio doesn't get you dogpiled for posting in bad faith is surprising. But then again, this site is full of idiots who never question people's motives, so what do I know.

>>22764728
The hard truth is jews really don’t care about silver as much as they do about gold. I mean there was a nationwide gold confiscation but silver was still being minted into currency. Jews have hundreds of millions of ounces of gold, why would they hoard the cheapest precious metal there is?

>>22758542
So here's the question, if a UBI does kick in it'll have some terrible consequences, but what if I just buy more gold with it? Won't that be gaming the system?

in other news, hahahahahahahahaha

>>22765543

>>22765543

They won't let you buy gold, that's the point >>22758542

>>22764015
Alright so tell us the exact miner bottom so we can all buy in

>>22765482
Alright, now I see what you are trying to say. For my stacklet 100oz silver stack this service isn't necessary. But I can definitely see a use for it if you have a large amount of G/S.

One question though: how does Kinesis promise the ability to liquidate for physical if the company goes bankrupt for whatever reason? I see them offering their customers the ability to get a lot of Kinesis crypto without really doing anything. Will there be more physical-equivalent crypto in Kinesis than actual physical in their vaults? Come bankruptcy, will they be able to keep their promise of a hedge?

>>22765639
so what if I just buy visa gift cards and use those to buy gold?

>another 4% drop in one fucking hour
What the fuck is this
Fucking unreal
Paper going to 0?
Or is it really just jp morgan allowed to short again for a measerly billion?
Fuck this gay earth
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAÄ

>>22764728
>last long enough for actual prices to drop
>physical premiums are now at minimum over 8%

>>22765485
Second hand market kilos and rounds. I passed

How does importing silver coins to the EU work (Netherlands) in general from the US?

The prices are a bit better over there. No VAT on silver coins here either

>>22765371
Lot of momentum chasers around. Its interesting though how right when miner discussion reached it's peak here prices tank to hell. Pmg is a pretty good contrarian indicator I've found. When people call you a Jew for taking about miners like four months ago, you're in the clear. When everyone is shilling risky juniors it's probably pullback time. When people are fudding silver like when silver was sub 18, you need to be loading up. When everyone is calling for silver to 50 eoy, we're gonna dump. Interesting that silver fudders are crawling out again after a long break. Need to see a few more pink wojacks before I back up the leverage truck.

Baking

>>22758121
Honored to have my maple pic used for a thread. Thanks anons, here's one I took yesterday

>>22765695

You won't be able to buy Visa gift cards, only the things which they let you buy. Are you beginning to understand how the slavery works yet?

>>22765803
Damn that is a sexy round, I would love to stack her stacked chest

>>22765766
Ah, AKA buffalos. Prob pass as well

>>22765783
Here you go

>>22758667
>based Leafs
i really like that rollmark

New bread
>>22765840

>>22765648
>Will there be more physical-equivalent crypto in Kinesis than actual physical in their vaults

Right now they are only doing audits twice a year, same as onegold. Bullionvault and goldmoney offer "daily audits" which aren't much more valuable than just looking at the Kinesis bockchain. The audits are bar, by bar and the weight is compared to the total amount of token in circulation AFAIK. The company has much more to lose by over issuing than to gain right now. I believe they raised ~$200 million and only have around $30 million in bullion.

Regarding bankruptcy, with allocated bullion, the company never has a claim on it to begin with. So if it went bankrupt they would probably just contact anyone with large holdings for delivery and cash everyone else out. You wouldn't have to worry about their creditors seizing the bullion like you would with unallocated accounts at major banks.

>>22765541
What's the point? The faggot will never post.

>>22765817
Joke's on you, I don't live in America, but yes, I do realise we're all screwed in the long run in a fiat system. Guess it just means all that money I'd previously been spending on food goes on the UBI card, along with my party membership, and my normal savings go into gold.

>>22765904
If it's just about allocated bullion, might as well just invest in a Sprott fund right?

Oh well, next bread

>>22765843
based. I bought a bunch of different silver women from Germany but she is by far the easiest to take pics of. Here's another coin

I AM FINANCIALLY RUINED AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA