/biz/ - Business & Finance

First for Schiff offs himself at bitcoin ATH

>>24096909
fuck fiat, and shit that pretend they're not fiat

It must be agonizing for you guys to watch everyone else getting rich from the stock market and the crypto pump.
Good news is, it's still not too late to get into the bull run. We're only getting started, and with the vaccine, gold will most likely stay under $2000 for the next 12 years.

>>24096929

Bitcoin is going to zero when fiat ends. When Russia and China dump the dollar, they will demand payment for their goods in gold, not Bitcoin. And as we have an enormous trade-deficit with the eastern countries, that is what we'll have to pay them with in order to get the things we need and want.

https://www.youtube.com/watch?v=LzR4VHBQ5aQ

Bitcoin was created by Adam Back and Blockstream to be a diversion from gold and silver. It is propped up by the scam of tether, just as the stock market with its 1000 P. E. Teslas is propped up by the scam of Q. E. Both will collapse when the dollar collapses.

https://www.youtube.com/watch?v=XfcvX0P1b5g&ab_channel=BarelySociable

https://www.youtube.com/watch?v=qzDjJ-SrojY&ab_channel=GoldSilverPros

Even gambling on BTC is completely pointless (not to mention immoral, since you support a ponzi scheme) when the junior miners are going to go up 100s of times. They went up 150x when silver doubled, and it is not unreasonable to suppose that, in this PM bull market, silver will go back to its inflation-adjusted high of $950 in terms of purchasing power (so if silver is going 40x, imagine what that will do to the mining stocks). BTC already has a $400 billion mcap; the upside potential is a joke. Most of the silver juniors are still at sub-$100-million mcaps (e. g. ) Dolly Varden) and some are sub-$20-million (e. g. Klondike Silver).

Pieter van Schip will off himself when Tulips hit an ATH.

>>24097119
yes yes

Schiff will kill himself when cat girls are outlawed

>>24097119
>Bitcoin is going to zero when fiat ends
The point of bitcoin is that it isn't the same as fiat, its finite

>>24097059

Somebody would have to be so foolish or ignorant to buy BTC now. "I'm going to put $1000 dollars in, and if it goes to a 1 trillion mcap I'll make $2000! What a gain." When you have the prospect of Klondike Silver or CCW or DV going up, not 100s but even 1000s of times. As soon as the dollar gets dumped, or tether gets exposed, the rug will be pulled out, and BTC will go to zero. Why take the risk?

>>24097225

Bitcoin is a bubble which exists in the transitional state between fiat and our inevitable return to gold. It is propped up by tether-pumping and the delusions of ignorant people who haven't thought through the end-result of the dollar collapsing. Which is that Russia and China and all the nations which actually produce the things we need will be demanding gold, not Bitcoin. (And I haven't even spoken about Bitcoin's fundamental worthlessness as a currency yet.)

Newfag to PM,

Whats the difference between Silver Rounds and Silver Coins? they both look like coins to me

>>24097227
why do you never mention impact silver ?

>>24097303
Coins have a legal tender value and are issue by a Sovereign Nation, rounds are the same thing but made privately.

>>24097317

I do. I told people to buy IPT at 0.70 CAD.

>>24097351
I see. Already have 1k in IPT, was going to put more but I truly need to invest into ks and dv before they go up. The good news is ks never moved from its price for 6 month. The bad news is it can explode at any moment. Sad to be poor.

These threads need more Daniela

>>24096909
My precious Waifus are priceless

Sitting around waiting for work to start watching guys like this pull stellar gold while I have 6ft of snow and -20 drives me batty. https://www.youtube.com/watch?v=XNYvA1kzTH8

>>24096947
>>24097189
Thanks for sharing my pics frens
I added to that one a bit
Been quite a few salty anons about waifus lately

>>24097474
I know you like your anime girls ( and that’s fine I guess ) but can you do us all a favor and start posting some pictures of Daniela for the people in this thread the prefer real women?

>>24097514
Post pic of Daniela plz

>>24097474
I think it looks fine without the tentacle.

>>24097391

The next leg up in IPT will come when they release Q3 earnings soon. KS is getting a lot of traction with Twitter influencers, so could go up any time, as you say. Any sort of NR to do with restarting production would also make it soar immediately.

IPT's value is a property spanning an enormous 200 square km, with 500 years of history in which 1 million ounces of silver were produced per annum; it also has a decade of proven production as a company. KS's value is having a permitted mill in a safe jurisdiction, a ridiculously low mcap ($15 million), and the potential for 266 million ounces of silver to be in the ground (one quarter the number at DSV, whose mcap is 25x higher). (Geological engineer in 2018 Kitco interview said that only 15% of the silver at Silvano mine had been mined so far, which is 7.8 m ounces out of 52 million ounces of potential. 68 past-producing mines on the property produced 40m ounces, so potential deposit is 266m ounces at the most blindly optimistic conjecture.)

>>24097514
>prefer real women
what are you, some kind of weirdo?

>>24097529

>>24097335
So basically that means that Coins must be accepted as payment in any establishment of its nation?

And Rounds will have face value of its material that's made (Silver, Gold, etc), and does not have to be accepted as legal tender in any nation?

Thanks Anon

Gentlemen, who here is nickelmaxing?
A nickel currently has 4.5 cents worth of copper and nickel metal in it, I'm sure the melt value will exceed the face value in the coming years.

>>24097415
>]
>>24097572
pretty good for a non 2d waifu

>>24097303
It’s illegal to counterfeit coins, but not necessarily rounds. Also, I think in some areas there are tax benefits when selling coins vs. rounds.

I've been down for a while on Barrick's should I get more while it's low?

>>24097604
>Coins must be accepted as payment in any establishment of its nation?
Yes, pretty much. You can deposit a Bullion coin for face value at any bank in the country that issued the coin.
>Rounds will have face value of its material that's made (Silver, Gold, etc), and does not have to be accepted as legal tender in any nation?
Rounds will have their weight and purity stamped on them and are almost always privately minted.

>>24097225
BTC is not finite how do you not understand this?
BTC is not an asset, it is a BRAND NAME for an "asset"/speculative device known as a crypto currency.

There are already a plethora of alternative that are equal to or superior to BTC.

>>24097715
why does that gold look like silver?
i wish people would fix their cameras

>>24097749
>Yes, pretty much. You can deposit a Bullion coin for face value at any bank in the country that issued the coin.
lol try it let me know how it goes

>>24097415
id let her scrape my dick with those buck teeth and then we could have intelligent conversations after. Pretty good for 3d

>>24097514
>>24097616
Your welcome

>>24097778
I think its your eyes anon... looks like gold to me

>>24097470
I've been daydreaming about going out and finding some gold these last few days. Definitely not doing it this winter that's for sure but maybe I could go on a road trip to north to Lapland some day and try to pan some... Will have to learn a lot and prepare first of course

>>24097470
That's what you fucking get for being a leaf.

>>24097793
crude vile speaking barbarians get the rope

>>24097778
Why are you such a fucking nigger?

>>24097829
yuck

>>24097749
>>24097715
Last question, I'm assuming people here use the term Coin interchangeable with Rounds since all I ever hear about is 'coins' on /PMG/
OR does everyone on here just buy literal Coins and normally try to avoid rounds?

Thanks again for the knowledge drop anons

>>24097792
It usually isn't worth doing in most cases, but it is possible. The only real exceptions are Gold Krugerrands and Mexican Libertads which are legal tender for the amount of Gold or Silver they contain and can be deposited in banks in their countries of issue in exchange for their value in their Country's currency.

>>24097856
Once you know what your looking for its not hard to find gold, but actually making money at it is brutal.
>>24097857 yep this is the price I pay. At least I still have a few buckets of frozen dirt to look through.

>>24097923
We talked a bit pre covid. Did you end up in profit during the last season? I know you had quite a bit invested in your operation.

>>24097921
again, walk down to your local bank and try it.

Bayhorse Silver, SEDAR 5 minutes ago:

Recent highlights

"Produced the first bar containing 37.69 ounces (1.172 kg) of .9999 fine silver. The silver bar was
extracted from a portion of the 175 kg (386 lb.) of the samples sent to Minerals Solutions of Coeur
D'Alene, Idaho, USA.

Completed the sale of 1,740 ounces of .9999 refined silver from the current testing/refining
program.

Relocated the milling and silver flotation circuit to Fruitland, Idaho, from the Bayhorse Mine site, in
Oregon and increased the capacity of the circuit to allow for processing at an "as mined" tonnage
of 200 tons per day from the Bayhorse Silver Mine.

Conducted extensive metallurgical work on a high grade sample from the Bayhorse Silver Mine,
Oregon, USA., to establish a smelter concentrate for submission to select smelters for off-take
pricing and is continuing with a program to further upgrade the concentrate."

https://ceo.ca/bhs

>>24097953
yea i got gold this year, but i made more working hourly for that guy who wanted to learn how to mine than digging on my own. If my swamp claim could have dried out I would have done fantastically. I am more mad covid killed my fall plans for the drilling on my hard rock project, that was going to be the fun bit that season.

>>24097792
>>24097749
>”Sir we went ahead and exchanged your heavy $1 silver eagles for much lighter $1 bills, you can thank us for making your life easier”

>>24097119
fucking kek, bitcoin wont go ANYWHERE
you're just seething because you "missed out", i can tell because you never bring anything new to threads, you just keep repeating yourself

>>24097904
People here buy rounds but don't really talk about them or show them except in full stack photos because there isn't too much to talk about in relation to rounds. Rounds usually have somewhat bland designs and are just meant as a way to add weight to people's stacks as cheaply as possible without sacrificing divisibity. The coins are usually much more intracately designed, sometimes have value beyond that of the metal and (due to their legal tender status) can be found under spot more often than rounds (albeit still extremely rarely).

>>24098030
Yeah, covid is pretty fucking gay. Get prepared for learning a whole different skill set. Nationalization of mines/natural resources in bound.

>>24097881
foul mouth degenerate language does not need to be here

>>24098068
there was talk a few weeks ago from some socialists in Quebec about nationalizing the mining sector. Every single one of the other MPs and the like shot that thinking down faster than you could blink. I think were safe from nationalization for a while yet.

>>24098118
10 years. Start thinking of what else you could apply yourself at just in case.

>>24097830
i guess i'm going colour blind. ugh

>>24096929
>libertarians ITT seething at bitcoins prices
nothing to see here

>>24098066
>bitcoin wont go ANYWHERE
Anywhere but zero

>>24098192
it literally cant, people will always buy it
bitcoin is king

>>24098220
>it literally cant, people will always buy it
See >>24097119

>>24097957
The point of the legal tender status isn't so that you can deposit them, it's just so you can move them through customs without declaring the Gold or Silver content and get around certain tax laws when selling them in some places.
I'm willing to bet most tellers will accept them due to the low face value and "official" look. I'll take one down to the bank in a couple days and find out (I won't actually deposit it, of course).

>>24098249
>See >>shizo copypasta

>>24098118
>>24098068

I know of at least four billionaires who have 90-100% of their net-worth in PM mining stocks. Eric Sprott, Tom Kaplan, Ross Beattie, and Ricardo Pliego. This leads me to believe that talk of nationalization is fud. However, if we spread our jurisdictional risk, and hold at least 10-20% of our wealth in physical bullion, we are hedged against it. If one country nationalizes its mines, there will be capital flight to the others. And if all of them nationalize, the resulting inefficiencies (by analogy with Venezuela's oil industry) will cause such disruptions in production that physical metal will soar.

>>24098220

The East produces everything we consume, and the East will demand gold after the reset. Bitcoin will have literally no value. Even wealth-preservation across borders or as a hedge against confiscation is not an argument in favour of Bitcoin, since you can already do that with vaults (as in 1933) or even allocated gold-backed cryptos like Kinesis.

>>24098309
>>24097770
>>24097270
>>24097227
No point in arguing with cryptocucks, these “people” do not understand the laws of economics and instead bought into media hype and are now desperately trying to rationalize their asinine financial decision of putting money into pixelated internet tokens with zero intrinsic value. They are financially ruined

>>24098440
or.. you know, we're both wrong

>>24098440

I feel really sorry for Peter Schiff that he had to deal with this nonsense for 10 years. He knew that Bitcoin was a scam from the beginning because he could see that it would have no value at the end of fiat, but he had to suffer the slings and arrows of arrogant moonboys for years. Really will be poetic justice when all the abusive people in his Twitter feed get rugged. BTC mcap could buy 6x the annual investable supply of silver, so creating a BTC mania was a really ingenious idea on the part of the bankers. It's one of the reasons why the system has managed to carry on beyond all previous expectations.

>>24098309
"the east" meme needs to die. China is staring down the barrel of one of the worst famines in human history right now, and is sitting on top a demographic time bomb due to the 1 child policy. There is 1 tax payer for every 4 people in the Chinese 'boomer' cohort. All their talk about 'an internal cycle economy' and 'a growing middle class' was just that. Talk. Shit, they can't even dump their worthless fake concrete and pig iron on other nations anymore since all the '-stan' countries have been backing out of their OBOR requirements.

China only exists because they have the American consumer market to export to. Its a such a colossally over-leveraged night-mare economy that if they stop building new shit that no-one wants, it collapses instantly. If you're so sold on the coming primacy of the China, why don't you go ahead and get in on some real estate cheapies? Cause RE is in fucking free fall across China right now. They can't feed themselves, they can't power themselves, they sure as fuck can't defend their own energy shipments, they have made enemies of all their neighbors (including Russia and fucking North Korea), and are so hard up for someone to blame for this shit show that its likely they go after Taiwan before the year is out.

Fucking normalfags get the fuck off my board

>>24098023
you've got to be fucking kidding me
NOW they managed to increase production capacity?!

>>24096909
>he doesnt know

>>24098660

>China only exists because they have the American consumer market to export to.

I know that this is what Kenyesians say, along with their mainstream media mouth-pieces, but consider for a moment what absolute nonsense this notion is. How is it a benefit for a nation to produce things, and then be forced to sell them for worthless pieces of paper? Answer, it isn't. America has a trade deficit with China. That means that America is consuming more than it produces, and needs China to function. You build a strong economy by production, not consumption, and China is the producer, not America. Decades of high taxes and regulation, resulting from the moral hazard of having a world-reserve-currency printing-press, have caused America's manufacturing-base to disappear. When China dumps the dollar and reveals its 20,000 tons of gold, and demands gold in exchange for its products, America will be left absolutely destitute. There will be the greatest wealth-transfer in the history of the world from West to East, and there will be nothing that America can do about it, because you can't fight a war without a manufacturing-base. It will have no means of imposing the slavery of American paper on China; it will have to submit, and that will be that. I strongly recommend that you listen to this 2001 lecture by Irwin Schiff. It will teach you what the real fundamentals of economics are which are at work.

https://www.youtube.com/watch?v=PldyfV8QBcA&ab_channel=PeterSchiff

>>24098563
broken record, you just repeat something someone else told you man and its fucking obvious to the point where it get really depressing

>>24098265
I think they have to accept them (at FV)

>>24098886
biggest problem is deep down he knows that he has no idea what hes talking about but someone else who is a little marter than him said it so it must be right
its really easy to tell people like that anon apart from people who come up with those ideas

>>24096909
I own bitcoin and gold. The seethe here is pretty stupid if you actually believe btc is going to zero. Just let it play out, then the capital will rush into gold; you ought to be happy and enjoy your cheapies. If you think bitcoin is going past 100k great, but why bother trolling the gold guys while you can still get your cheapies. It all screams of insecurity, and that comes from a lack of conviction and understanding in your trade. The whole gold is for boomers and crypto is a ponzi narratives are incredibly harmful as they blind you to opportunities. Just do your research and make some money, stop getting your feelings involved.

>>24098886
>>24098911

You forgot to change your IP.

>>24099009
are you retarded, i was continuing my post because i had more to say

>>24097514
>>24097616
Because I am fucking magnanimous I did one more for you guys

>>24098309
Billionaires are people too. They are not always right, and on the other side of the coin they are not always affected by the same rules as plebs.

>>24099009
or did you pick up on anything that warrants an ip change?
i didnt say "yeah i agree, also.." kek
brianlet, reply to the subject instead of coping

>>24098118
Recently mexico is trying to pass legislation to nationalise all it's lithium; one or two companies got fucked I believe for their exploration work. Definitely scary considering the amount of silver miners here, but it's why after the First Majestic shit came out I rotated pretty heavy into BC and Yukon.

This is who speaks for you boomer rock dumbfucks here? Yikes.

>>24099177
he would be way more popular all around biz if he was pro bitcoin, which would very well be the case if he took some time to actually study bitcoin and monero a little more

>>24099177
Lmao you literally can’t prove him wrong

>>24099150
I saw that too, seems like a poor choice because now no company will want to partner with their government on projects for fear of nationalization. Similarly to what happened in Argentina as well. Funny enough that government is trying to figure out how to unfuck its self from the hole they dug when they added those new tax regs to mining companies in their country. There expecting a total crash of their exploration sector, unless they reverse course.

>>24098660
based and zeihanpilled

>>24098309
Man, gold is archaic in a digital world. The one thing goldbugs always forget about is the fact that the gold standard was abandoned because countries wanted more power to manipulate their currencies. All countries want to retain that power so why would any of them willingly go back to a gold standard that restricts that? Answer: They won't.

Look up all the information you can on Central Bank Digital Currencies and show me the clause where it says they will be gold backed(don't worry, I'll wait). The fiat experiment has spoiled global Central Banks and there is no going back.

Throughout history, gold and silver has been debased and confiscated time and time again and precious metals rely on national governments to distribute the currency that represent it. Bitcoin isn't governed by any central authority. You can't seize it and you can't debase it. Stop being a boomer and evolve.

>>24098675
it isnt an increase though, they still only produce 50 TPD with a maximum allowed of 200 tpd. all this is doing is allowing them, in theory, to ramp up to their max allowed 200 TPD

>>24098813
Get off your high horse, we're not talking Keynes vs Mises right now.

We're talking about the PRC, which is an entire nation built on the most extreme excesses of planned econ bullshit. China is a nation that hands out bottomless supplies of loans, no questions asked, to anyone that says they can provide employment. Not a useful service, not a product that will turn a profit, not something critical to the national defense: employment. Why? Because people with a job won't march to the local party office and start giving out hemp neckties. The guys in charge understand this, because they GOT their jobs after a peasant revolt.

China doesn't have an off ramp from their export led economy. Overwhelmingly, the things they produce only have value AS EXPORTS. Their system is extremely brittle, and only works on the premise that the worker drones trade freedom for some sort of economic security. When that goes away, you get warlords again. And don't even start about the 'MuH lAcK oF uS MiC mAnUfAcTuRiNg'. The ONLY THING the US still makes is military hardware, are you some Balkan Europoor that you don't know this? And somehow, the US MIC given a real war to fight isn't going to gorge itself on federal money and expand out the ass?

BTW good job ignoring the rampant counterfeiting of gold in China. I see you're just going to act like they didn't get caught gold cladding bars of copper (not even lead) as loan backing. No one in the world is dumb enough to take Chinese gold as payment. The chinks don't have power projection to secure their own export driven, Arab oil dependent economy, but somehow they're going to dictate terms of trade? No, Zhang, what's going to happen is the US (maybe we let Japan do it for the luls) is going to camp your oil shipments in the Indian ocean and wait for the blackouts to start, and then you'll do what the thassalocracy tells you to do, just like every other time you dealt with English speakers in your history.

>>24098813
pls stop... thats so fucking depressing to read as a canuck

>>24098660
I agree with you , the only problem is the idea of kiddy sniffer and the turd like to suck tiny commie cock. But you sir are still based for looking at this objectively instead of touting the same old msm views

>>24099296
How do you prove someone wrong who argues likes this:
"The idea that a Harvard degree has value is nonsense. If I studied My Little Pony fanfiction for 5 years and someone signed a paper to prove that I did that, that piece of paper would not give me a job"?

>>24099177
He isnt wrong though.

>>24099150

Some people were encouraged by the fact that Mexico is now funding guards to protect the mines from bandits. So that seems to show some sort of care for their mining industry. Canada is sometimes thought to be high-risk for the medium- and long-term, because its socialist government has sold off literally all its gold reserves. USA is obviously full of political instability, and may Balkanize or have a civil war. Latin American countries are never a sure thing. Unfortunately, there doesn't seem to be any quintessentially safe district. I like Irving Resources for being in Japan, but even they are now being hamstringed by coronavirus regulations.

>>24099177
>>24099296

Schiff would be correct if he was answering the common argument that Bitcoin has value because of the energy which is used to produce it. That's the sort of thing which he thinks he is arguing against. I presume that you are taking issue with him here because he doesn't realize that the proof-of-work argument is used to argue that BTC is trustless. Peter Schiff isn't an idiot for not understanding every nook and cranny of a technology, that isn't his specialty. Nobody can know everything. He understands economics. And he understands that BTC will have no value after the dollar gets dumped, because no country will take it, and that is all that matters. It stores no intrinsic value, so it won't be money. And if it won't be money, it's going to zero.

>>24099350

>Man, gold is archaic in a digital world.

No, BTC is what is archaic. It can't be used as a currency by even 0.1% of the world population. Whereas when Russia and China back the ruble and yuan with gold, their currencies will function perfectly in the banking system. You also have allocated gold-backed cryptos which can be divided into as small fragments as Bitcoins into satoshis, like Kinesis. Bitcoin bugs are simply ignorant of this kind of technology.

https://www.youtube.com/watch?v=5Q9aYYluRA0&ab_channel=KinesisMoney

question for fellow PM fags. I have 800+ Oz of silver and no miners or any other investments. I am a financial illiterate and just save and put extra cash into PM's. should fug with miners or just stay the course? Thanks!

>>24099350
>You can't seize it and you can't debase it

Both those things can be done, and the latter IS being done, there are no laws against counterfeiting BTC. Other coins exist that are equal to or even better then BTC in function if not brand name awareness and these are functionally copies of BTC under a different brand name.

>>24099350
and again, either BTC fanboys are so uneducated in their own investment that they simply do not know, or they just have blinders on when it comes to incidents like Mt Grox

>>24099531
If you don't hold it....
Too many fags on here trying to turn the PMG into SMG

>>24099549
Lmfao go back to school boomer. Copying btc code does not mean the same as counterfeiting btc. It's basically impossible.

>>24096909

dinner time stack

Does anyone here think that Bitcoin's bull run won't be followed by a massive dump?
I feel like the market is going off the deep end and it'll end like every single other spike, probably settling down at like $11k when it's over

>>24099531
Stay the course. Don't cuck out

BROS

I've been away. My life has fallen apart and I'm low on hope. And I left my rocks on the other side of the country.

Stay strong my frens, you're invited to my funeral if I can't get out of this.

>>24099657
oooooooooo
I should feed myself better

>>24099657
You're the most pathetic poster in these threads. Take a long look in the mirror and rethink your life choices.

>>24099009
the more time passes the funnier this posts gets, it's so obvious but you wanted so desperately to believe i made a mistake
until now none of you answered a single thing i said. I'll be leaving this bread

>>24099716
You deserve it for posting asian trannies in these threads. I will attend your funeral to shit on your grave. You are the 2nd most pathetic poster in pmg threads.

>>24099726
such rude

>>24099350

>Stop being a boomer and evolve.

There's nothing that identifies a boomer more than a love of Bitcoin. People who really understand crypto hate it and prefer Ethereum, Monero, etc. Most Bitcoin bugs on Twitter appear to be boomers, whether they be midwit tech-company people who think they are more clever than they really are, or ordinary people who are terrified of getting left behind by a technology which they don't understand is fundamentally worthless.

>gold and silver confiscated time and time again

If you held your gold offshore, that was never a risk. Even in 1933, holding offshore bullion was not made illegal for U. S. citizens. Switzerland was not conquered even during WW2, and has never confiscated gold. Bitcoin is worthless as a currency, so it doesn't matter that it can't be confiscated; if it gets made illegal, then you can't transact with it. Second-layer solutions don't give you privacy.

>CBDCS show me the clause where it says they will be gold backed

Unbacked CBDCs won't last. They will impose a temporary period of authoritarianism which will inevitably collapse under the weight of inflation and debt. Then, after the total demise of fiat, any country which refuses to make its currency convertible into gold simply won't be able to buy anything with that currency. China and Russia won't take empty paper any more.

>>24099439

Alasdair Macleod believes that China has 20,000-40,000 tons of gold. This is a belief which is widely held by Austrians and advocates of sound money.

Whatever you say to the detriment of China's economy will not change the fact that they have the gold, and they have the production. America doesn't. Fort Knox is empty, and having a trade deficit implies, by definition, that you consume more than you produce.

China isn't the only nation that will dump the dollar when the fiat ponzi scheme collapses. It is one of many. Russia is another. The "-stan" countries which you mentioned are also feverishly hoarding gold.

>>24099610
Yeah I feel the same way, 80% of the discussion here is purely focused on miners and there’s almost no discussion of physical anymore

>>24099821
Go outside you fucking moron. 99/100 people have no concept of the value of gold/silver as money, they've only heard of it in books/movies about pirates or nigger rappers wearing gold chains and grills.

>>24099644
BTC fan bois cannot into logic... all you can do is call people who are quite likely younger then themselves "boomer"

You already have coins that are the same, or better, then BTC but under another brand name. They are copies plain and simple.

>>24099420
oh ok so nothing has changed

when is the next PM run and don't bullshit me you poor retards

>>24099657
Oh man... you know those two pieces of lettuce are the most veggies I ever saw you eat my fren.

Dont forget to stack gainz on your health!

>>24099944
I hold literally 0 btc. Just saying, you're wrong. Btc is the new gold, just a little bit more useless, but way more scarce.

>>24099964
Who cares?
The price action is FAKE
When the debt system becomes unsustainable we will get a reset
The 4th industrial revolution.

>>24099937
>99/100 people have no concept of the value of gold/silver as money


that's why they are poor lol. and you're only speaking of western north americans. asians and europeans very much covet gold still.

>>24099964
Honestly I'm thinking the next time we'll see 40+ dollar silver is like 2025, I think the years before that we'll see alot of fluctuation between 25-35, maybe touch 40 for short periods and come back down, maybe even have some dips down to 18-20 for a short time

>>24100004
> post anime loli
> it's holding a bullpup.
YOU ARE NEVER GOING TO MAKE IT.

>>24099821
Can confirm, all the people shilling BTC are 40+ or just retarded.

One guy I know who is a millionaire of BTC basically told me he is suprised peopel are still buying into it at all now that better coins are out there, but we both agree its basically just hype/branding keeping it afloat at this point. He doesnt give a fuck about money any more, but Im willing to at least speculate on BTC. but its not even 20% of what I am speculating into PM's with.

>>24098660

America is also suffering from one of the worst demographic time bombs out there, as the boomer generation retires. American pensions are literal ponzi's. An average 10000 retirements are happening daily, each requiring roughly 50000$ annually to support. 50% of retirees have no money saved and are living off social security. Low interest rates have pushed retirement funds all further out on the risk curve and they've been running off a cliff Wile Coyote style in the stock market. The broad indexes are parabolic charts if I've ever seen one, and we all know what happens next. We kicked the can until theres no more road.

The Boomers also drive the economy as they control most of the wealth, but as they retire there will continue to be massive cutbacks in spending habits. There ought to be a wealth transfer over to millenials and zoomers, but these generations are sandbagged by an incredibly indebted economy, and indebted households from insane car loan bubbles, real estate bubbles, student loan bubbles. As well, the dominance of the USD and rise of globalism has encouraged the outsourcing of middle class jobs and concentrated the wealth to the extremely wealthy. The squeezed middle class also is having fewer and fewer kids, hence leading to the "necessity" of immigration, which I know 4chan loves.

Whether or not China can accomplish it's economic goals I can't say, but I know for sure that on a chart they bottomed in the mid 20th century and have been moving to the top right for 60 years whereas we, the west, are on a trajectory downwards. I'm reminded of that Howard Marks quote that says "Rule number 1: Most things are cyclical."

>>24100062
Yes, they may. But their opinions literally do not matter. They will be the first to succumb to the great reset.

>>24100004
peppers and onions on pizza is veggies

>>24100097
>thinks the p90 is trash
>thinks llenn is a loli
>no bitcoin'
>no gold
>no gunz

why do you even live?

>>24099937

>99/100 people have no concept of the value of gold/silver as money

This is precisely why the West is going to collapse. When you don't understand that gold is money, you don't understand that socialism and inflation are unsustainable. So we'll continue to spend ourselves into oblivion, until we have nothing left, surrendering more and more of the real wealth (production) to the east; until the east finally dumps our worthless paper, and demands payment in gold in exchange for their wealth (production). And we'll be forced to give gold to them.

>>24100128

I don't think most of these boomers even understand what little potential there is in a $400 billion mcap. They still think that BTC can go up thousands of times; they don't understand that it isn't 2011 any more. It's so ridiculously inflated. By comparison, even Newmont only has a $50 billion mcap, and that's the largest gold miner on earth.

>>24099765
that's a woman
you don't know me

>>24099610
Scary part might end up being that if you don't have shit, you might get shit on.

Stack fucking jerky.

>>24099644
>>24099726
>>24099765

>>24100220
Let me guess, she is an ancient dragon amirite?
I have gold and silver for novelty. I'd bet my left testicle that I will never be able to use them as currency ever. My purpose of being alive is to watch you all suffer.

>>24100207
at least do some reps with your silber fren.

I want you to make it!

>>24100242
I'd rather eat dog shit than ever get to know someone as fucking lame as you.

>>24100267

>>24100344

>>24100318
you can't state that t even know what dog shit tastes like

>>24100294
kek I'm kind of happy that I was the first Asahi Waifu guy but this is actually good

>>24097474
very nice

>>24100231
We will deliver the gold to them on the payload of several nuclear warheads.

>>24099610
Yeah you are right, I need to stop taking the bait, sorry frens.

Comfy week this week though.

Got cheapies, immediately saw a 5% gain.

Put in 15km of running, hoping to just kill time till the next dip and pick up some more SSE and AUN.

fuck I just wish I had waited a bit on VGLD, got nearrr the bottom but not quite the bottom it looks like.

Other then that metals closed up this week despite "WE HAVE A VACCINE WE REALLY MEAN IT THIS TIME" news and a whole lot of other shit.

While I hope the next week is cheapies, I am pretty sure we will see a fairly large move.

>>24100385
Taste like chocolate!

>>24097770
Oh please, enlighten me as how to mint into existence more than 21 Million bitcoins?

Lmao the stormniggers are back
Time to break out the report button again and watch them all melt away

Should I buy 1kg of silver, or maybe few grams of gold?

>>24099008
Big brain comment.

>>24100385
The asahi waifu predates that image by a bit, someone had their figure with them, so maybe thats 3d vs 2d I dont know

I am pretty sure this >>24097749was the first coinfu when it was made and I used it for a thread OC

I could be wrong though, is the PMG historian in tonite?

Why buy metals when bitcoin is superior in every way and has much more potential for gains?

>>24100249
Beenz and deenz, if you think your a pm stacker and dont stack silver , gold , brass , lead , and tin cans your not a fucking stacker

>>24100385
there all good. but this one is my favourite Asahi griill

>>24100480
Yes

>>24100480
How much do you have of each? If it were me and I had the money to get a kilo bar right now I'd probably buy a sovereign and then silver eagles with the rest of the money, but thats just my preference

>>24098563
he already said he wished he bought btc when he first debated against it when it was $10, that it would’ve made him a billionaire

>>24100547
Quintessential PMG stacker:
Stacks gold, silver, lead, steel, deenznbeenz, and is stacked n jacked.

>>24100451
How’s it feel being a janitor? You been enjoying your hot pockets and lack of monetary compensation?

>>24100573
I have none, but I dont want to keep my money in the bank anymore.

>>24100451
You will never be a woman. Silver and gold will never be a currency again.

>>24098066
I remember reading the EXACT same post when btc went to 20K 3 years ago. Few months later it was down around 3k and all the maxis were full pink or calling the suicide line everydays. Don't make the same mistake and cash out while you still can.
Btc is a cyclical pump&dump making billions only for the big wallets, it should be fucking obvious by now...

>>24100614
>he thinks I'm a janny
I do it for free because it upsets you

>>24099711
Yikes you chose the wrong horse

>>24100394

America isn't going to start World War Three in order to force China to surrender its goods in exchange for worthless paper. Not going to happen. Not only would the casus belli literally be to impose slavery on a foreign nation, but that is mutually assured destruction, and American patriots would not allow it. People are sick of the wars with countries like Iraq and Afghanistan, never mind starting a war with China. Best and most likely outcome for America now is for the people who believe in free markets and liberty to Balkanize away from the rest of the country.

>>24100534

MSM is pushing Bitcoin because the banks both own the MSM and created Bitcoin. (Satoshi is Adam Back, the head of Blockstream, which the banks and the Bilderberg Group control. https://www.youtube.com/watch?v=XfcvX0P1b5g)) If you buy Bitcoin, you will be rugged when tether or fiat collapses. BTC also offers little or no potential at a $400 billion mcap, especially when compared to mining stocks. >>24097119 Stay away.

>>24100580

Schiff says he wished he had bought BTC at the bottom in the same way that he wishes he had bought any bubble at the bottom. But that the bubble has already got to the top now, so buying in now is pointless. It's not 2011 any more. There won't be any more thousands of times gains at this mcap.

>>24100667
i dont have any btc and if i did I'd sell, this current run will end in a crash, yet i still stand by what i said
goodnight

>>24100629
I don't think most anons on here would agree with me on this, but try to get atleast an ounce of gold before you get silver if you can afford it, silver is much more volatile and if your looking to replace your savings account in the bank with PMs, then gold is alot more consistent in its gains, granted silver tends to go up more percentage wise, but it also does the same in price drops

>>24100049
Well I care .. I didn’t invest in metals to go backwards

>>24100667
Oh shit really?
AM I reading this right? Does having .86 BTC really put me in the top 5%????

>>24099610
Where do you think your physical comes from, idiot? People investing in miners allows you to post your little frog stuffed animal to show off your stack to a bunch of boomers every day. Oh, bet you also would hate to find out the tranny that made that little pepe is literally donating the proceeds to BLM. kek

I'm such a fucking loser
So many things I could've done differently, then I'd have money to do cool shit.
It wouldn't fix my shit life though, even if I had actually been a bitcoin billionaire.

Actually maybe it would?

>>24100524
oh for sure that guy with the SAO and Girls und Panzer figs predates me

>>24100551
I'm not sure what's so great about her?

>>24100614
I've spent so much goddamn time on 4chan and I've never once been paid for it

>>24100707
You know nothing. But sure, they are more likely to mint several trillion dollar denominated platinum coins and call it a day. The fuck is china going to do about it?

>>24100667
Holy fuck , that distribution looks IDENTICAL to fiat already. Majority of holders have .001-.1 shitcoin. Who the fuck would fall for this now?
I do regret not buying $100 bucks worth when I could of gotten them for like 2-3 cents a piece. I remember when that first guy traded like 50 or 100 bitcoin for a pizza and was fucking jacked about it.

>>24099038
It’s too bad she isn’t with kitco anymore

>>24100726
Thanks Anon

Can someone post the stacklet to dragon scale? I need to know where I am since my most recent come-up

>>24099177
When you finally realize Peter Schiff was right and you go to sell all your bitcoin, it will be too late and there will be no buyers. Then you will know the meaning of the word "yikes".

>>24100707
Tether isn’t the big deal it was anymore, cme controls the market and it’s settled in cash. As well as many other usd onramps and many other audited, us based stable coins, your argument relies on fantasy, an old boomer fairytale you’ve been told to buy your bullion at a fat premium making those dumping on you rich. Also it seems most here just shill miners rather then physical, which is an absolute sad scam.

>>24099821
>There's nothing that identifies a boomer more than a love of Bitcoin. People who really understand crypto hate it and prefer Ethereum, Monero, etc. Most Bitcoin bugs on Twitter appear to be boomers, whether they be midwit tech-company people who think they are more clever than they really are, or ordinary people who are terrified of getting left behind by a technology which they don't understand is fundamentally worthless.

BTC is an umbrella term for crypto in general but if you really believe that other shit, then you're just completely unaware of what's actually going on in the world.

>If you held your gold offshore, that was never a risk. Even in 1933, holding offshore bullion was not made illegal for U. S. citizens. Switzerland was not conquered even during WW2, and has never confiscated gold. Bitcoin is worthless as a currency, so it doesn't matter that it can't be confiscated; if it gets made illegal, then you can't transact with it. Second-layer solutions don't give you privacy.

So you're saying that gold will be adopted by the masses because all citizens will hold there gold offshore? lol that is only viable for the top 1% and even then, what is to stop other nations from confiscating it in dire times? You are high.

If btc it is made illegal(which it won't be because it is gaining institutional adoption and the SEC Chairman himself has recently stated its a store of value) then a black market would form but even then, no government can stop btc transactions. They would need to control 51% of the mining hash rate and the amount of money, time, effort, and intel that would require....well it's impossible. Also BTC is as private as you want it to be. If you're really worried about that buy privacy coins, not gold.

> Unbacked CBDCs won't last. They will impose a temporary period of authoritarianism which will inevitably collapse under the weight of inflation and debt.

Agreed. Then they will seek sanctuary in the best store of value: BTC.

>>24099498
false equivalence

>>24100801
its up here>>24100604


Also anons, I think maybe a tier between pirate and coinvivor is needed.

Can I get some suggestions for name/image?

tier will be 5 oz AU or 500 oz AG

>>24100779
god damn it how do i into crypto and rocks and stocks and a job and career and family and social life and self care and shit

>>24100739
ok no Im retarded its only top 15% or so... still fucked up

>>24096947
i want my basement to look like that room

>>24100899
Pirate Captain tier
Owns his own ship and sails the high seas looking for booty
Image should just be jack sparrow

>>24100954
minus the girl

>>24100801 , see >>24100604
>>24099515
Interesting, why isn't Kinesis mentioned more often on /biz/ the only collaterized coins I hear are Tether and DAI

>>24100927
> step 1: stop posting anime cringe.

>>24100927
You really can't do it all reliably , picrel is your average shitcoin neet basement dweller thinking they are going to be set for life off of their 1.5 shitcoins

>>24100899
Thanks anon, one more week and I'll be a pirate.

>>24097904
Rounds if they are the cheapest are the preference of a real stacker. Coins are useful as fractional silver for SHTF situations.
Everything else is vanity and or numismatics.

>>24101023
>>24101039
Ok , I don't want to hear any complaining about anime waifus if this chick is going to be spammed all the time. I mean I would fuck her but she has a boxers chin

>>24100861

>Tether isn’t the big deal it was anymore

Tether has never been more important than it is now. The fraud has never been more blindingly apparent.

1) Jordan Belfort (who knows a con when he sees it) and the founder of Tether have said in the past that Tether was responsible for the 2017 pump. Tether's mcap is 10x larger now than it was then.

https://www.youtube.com/watch?v=Xzpqxqbq0Jg&ab_channel=TheWolfofWallStreet

2) Tether was audited, poorly, in 2018, and even then found to be backed only 75% by "cash and cash equivalents." It has refused to be audited since. Tether's mcap is 10x larger now than it was then.

3) BTC's trading volume is only 5% of what it was in 2017. Tether's mcap is 10x larger now than it was then.

What is happening therefore is obvious; most BTC is going directly into tether's hands, with few real buyers and sellers in the market, in the process described by Deso and in my "tether pump" picture. The bankers are using tether to pump BTC in order to cause division in the anti-fiat community, and divert capital and energy away from PMs. When the scam can no longer be sustained, all holders of BTC will be rugged to zero.

https://www.youtube.com/watch?v=qzDjJ-SrojY

>>24100862

I never said that "gold would be adopted by the masses." I said that the countries which actually produce things (Russia, China, etc.) will demand gold in exchange for that production, once fiat dies. At that point, BTC will serve no purpose. You can make all the philosophical arguments for BTC which you want (and even those fail, since BTC is worthless as a currency); but it doesn't matter; China, Russia, etc., won't take Bitcoin, therefore it will serve no purpose as a store of value. Unless the producers of wealth are willing to surrender that wealth for Bitcoin, you won't get it from them with Bitcoin.

>>24100986

Bitcoin bugs are exceedingly ignorant of allocated gold-backed cryptos. 99% of them still think that gold can't be used as a digital currency, and that advocates for sound money want people to be doing all their transactions in physical bars and coins. It's hypocritical of them, since their more frequent accusation is that other people don't understand Bitcoin. But they have no understanding whatever of gold.

UUUUUUUUUGH
FUCK
Trump is pulling some bullshit to rework medicare part B after the bell today??

FUCKING TRUMP
FOR SURE HE LET HIS PALS KNOW
REEEEEEEEEEEEE

>>24101015
eat shit :^)

>>24101018
That's literally me

>>24101039
booba mommie

>>24101142
>I said that the countries which actually produce things (Russia, China, etc.) will demand gold in exchange for that production
russia produces oil and fraud and not much else

china produces cheap plastic crap that the US could easily make but doesn't want to for the price

Neither of these places has any leverage or power. The US and EU still have the power, but they're not going to allow BTC or gold or even oil to take that away.

>>24101243

>russia produces oil and fraud and not much else

Russia has an extremely low amount of debt, enough gold to back its currency with gold at a 10:1 ratio, >>24098813 and has been running regular trade surpluses since 1998. America is one of the most heavily indebted nations in the world, is widely thought to have sold almost all its gold, and has an enormous trade deficit. You are propagandized into thinking that America is still the America of the 1940s. Listen to Irwin Schiff's lecture. >>24098813 Even in 2001, America had become hopelessly addicted to consumption rather than production, and the situation is infinitely worse now. You are destined for poverty if you consume more than you produce, it's that simple. China and Russia produce, America consumes. As soon as China and Russia stop giving away their goods in exchange for American paper, there is an instant transfer of wealth from West to East, and America is left with nothing. This is why Peter Schiff believes that elderly people will be starving in the streets, and invests exclusively in foreign stocks. America is going to become exactly as poor as people in third- and second-world countries are going to become rich. The dollar is a chain and slavery to them which they will gladly cast off their necks.

>>24101394
>is widely thought to have sold almost all its gold
You sure about that?

>>24101394
Who are russia and china's largest end customers?

oil is the only commodity that matters, and the US has proven it can make china and russia eat shit for the next 100 years if they get uppity.

the consumer has the power, not the producer. A consumer can always go back to producing. A producer can't magically consume.

>>24101394
Or to put it in terms you can understand-
>I hire jesus to clean my pool for $10 cash
>jesus decides he wants $100 in diamonds instead
>I fire jesus and hire julio

the buyer has the power, not the seller so long as competition exists or can be created. China and Russia will continue to get wealthier as long as they don't piss off their buyers. If they do someone else will step in and do the job cheaper.

I saw this when I was browsing some Ebay sold listings earlier and I found this. The retards who populate the site bid more than 2x spot for a common date coin most Coin Shops would struggle to sell at spot.

>>24097778
Change your monitor to warmer colors, anon.

>>24099610
This.

If you want to speculate as far as fumbling around in robinmeme on miners that's fine and all. Just know that JP Morgan and most institutions are doing their damndest to suppress the actual value of precious metals by paper dumping any and all publicly traded stocks/ETFs while they continue to horde physical. It's been posted numerous times here, and in September they even got slapped with fines for doing so...yet still continue to do it. And with the potential (I'm still hopeful the madman is going to pull out a hail mary victory) of a Biden presidency, it's going to continue to go unpunished.

Plot twist: post comfy Friday night PMs lads!

>>24101178
Why the fuck would you back a cryptocurrency with gold when you can just use the currency that is programmed to be more scarce then gold itself? It's just overcomplicating shit.

>>24101611
yes

the oil to ship it costs more than the silver it's made of. Free shipping, what's that worth?

>>24101611
eBay boomers truly are an enigma

>>24101643
Because then it’s backed by some thing? Some thing that people have used as money for thousands of years.

>>24101178
The more I talk to the average BTC invooster the more I come to understand that they have zero clue what they have put their money into.

see >>24101643

>own no gold
>own 40 silver eagles and two 10 oz bars
I do want a gold eagle, but I don't want to get rooked. Is it worth trying to time the spot price?

>>24101631
Yup 100%, I made damn sure the gold, silver, steel, lead, deenznbeenz, and jacked status were attained before going to deep into speculation.

Anyone who is investing money into speculative instruments without having the basics in order is just doing it backwards IMO.

>>24101756
Not worth it. It's been going down for a while so now would be a good time to buy anyways before the printing press starts again

>>24101756
You will do better trying to do a person to person deal, generally people will sell you gold at spot vs a dealer who charges more. If you cannot test yourself, just have a LCS test it for you and throw them a couple bucks or buy an oz of silver for their trouble (most will do it for free)

>>24101534

>the consumer has the power, not the producer.

As I said before, >>24098813 think about what an absurdity this Keynesian notion is. When you produce, you have wealth. To consume means that you expend wealth, whether by payment or by going into debt. Consumption takes from what you have, production adds to it. It doesn't benefit Russia and China in the slightest to exchange their goods for worthless pieces of paper (dollars). It's a mode of slavery for them. They are expending labour and getting literally nothing in return for it. There is a reason why they call the U. S. dollar "an exorbitant privilege." There is a reason why Gaddafi with his gold dinar, or Saddam with his oil for euros, was invaded to defend that privilege. It is a privilege which the world will be exceedingly glad to cast off, and, once it does cast it off, it will demand real money in exchange for its wealth.

>>24101594

A better analogy. I live on a desert island with you. I catch a fish. You want the fish. What's better for me?

1) I keep the fish for myself;
2) You buy the fish with a literally worthless piece of paper;
3) I demand that you give me something of equivalent value for the fish.

Obviously the worst of these three options is option two.

In this allegory, the fish stands for production, the worthless piece of paper stands for dollars, and the thing of equivalent value stands for gold.

>>24101643

BTC has no intrinsic value; does absolutely nothing in engineering, medicine, ornament, etc. No country wants it, no country will take it in exchange for its labour in the post-fiat world. Every country is hoarding gold and preparing for a gold standard. Gold-backed cryptos offer us the value of Blockchain technology in conjunction with something which is actually lasting and desirable.

>>24101647
There are identical coins that sold for much less than that one even with shipping costs. The fact that someobody was willing to pay that much for such the coin regardless of shipping is a testament to how incredibly idiotic some Ebay buyers are.

>>24101142
You have said BTC is worthless three times now but have yet to actually provide any fundamental reasons why. You said something about privacy and second layer solutions but gold isn't completely private either. You need to exchange gold into a paper or digital currency in order to spend it because its not easily divisible and doing that exposes your identity.

>>24101631
How's your canik? haven't had a chance to try out mine with most ranges shut down.

>>24101839
>When you produce, you have wealth. To consume means that you expend wealth
no, when we conquer and force other nations to sell their resources at an advantageous rate we have wealth. This isn't some economical mystery. The US and EU is coasting off the work they did in WWII. Russia did most of the heavy lifting but got fucked by communism and a purge of the intelligentsia. Don't kill your geniuses, morons.
>I demand that you give me something of equivalent value for the fish.
You're pretending I can't just go get a fish myself or pay vietnam some paper to catch me a fish.

and that's why you fail.

>>24101884
yep, prices go up, prices go down. Shipping goes up, shipping goes down. And shipping varies by distance and timing.

what might be a profitable deal for one person could be an idiotic purchase for another. Welcome to real life and global trade.

>>24101786
I won't lie, I still gamble a bit on stocks. I'm sure to some degree a lot of us do (be it miners or just wall street in general). But the end result is stacking real money. Any mongoloid can see we're headed toward a financial collapse. Whether it's due to Big Papa Powell pumping to oblivion, 0% interest forever, or when shit with China gets (financially or militarily) hot, anything speculative is put of the window.

Anyone saying "Bitcoin is making me rich, lol" should probably be taking profits and turning that into physical. Have fun with this pump, but if 2018 was any kind of lesson, you're about to get dumped on HARD. You're basically going to he that bagholder from 2017 that bought ATH, except it's now 2020/2021.

>>24101839
>It is a privilege which the world will be exceedingly glad to cast off, and, once it does cast it off, it will demand real money in exchange for its wealth.
Another way to look at this is that people would ideally want to exchange things of equal worth so that both parties are satisfied. But since bartering commodities for other commodities makes it difficult to evaluate whether or not there is an equal exchange, it makes sense for there to be a COMMODITY that is used as a basis of value for other commodities -- and that is gold. Currently the world is using credit as a basis of value and that is realistically speaking unsustainable because credit relies on the other party to keep their promise and since the economy is made up of individual exchanges there is bound to be times when those promises are broken. Also devaluing the currency that is backed by unsustainable credit during economic downturns makes it more likely for people and nations to start preferring assets other than currency which is supposed to be a basis of value.

But that's just my autistic musings that I've been thinking about. Not based on any well-known theory or anything, just my own thinking. I might be mistaken

Metals are a great prep for the cashless society, I always forget this is one of my main reasons I started stacking but it is such an important thing to prepare for

>>24101243
>Neither of these places has any leverage or power.

you know fuck all about anything and you need to stop posting here

>>24101643
They’re hoping to reinvent the wheel, as when in fact btc already does all of this and people have chosen it over gold. Gold no longer has a narrative it was a hedge against inflation but now bitcoin has less inflation that continues to halve every year and is a fixed supply asset, gold has an identity crisis and will lose relevance more and more from here on out . All it has now is ah yeah that whole system is collapsing buy gold, but then all these guys do is shill miners all day which are just stocks which In a collapse would go to 0 when some nigger raided their mine, so go figure

>>24101919

First of all, BTC can't serve as a currency, which is what most boomers mistakenly think its purpose is. We hear the endless propaganda that it is superior to gold for transactions, and yet BTC couldn't function for even 0.1% of the world population, even on the Lightning Network, before it would break down into $100-fees and 3-day transaction times. Whereas gold-backed currencies and gold-backed cryptos function perfectly for digital transactions. So first of all, gold is superior to BTC as a currency.

Secondly, BTC doesn't store any intrinsic value. You can't do anything with BTC in the real world. Whereas gold, on the other hand, is used in engineering, dentistry, medicine, ornament, etc. So countries have good reason to exchange their valuable goods for gold in the post-fiat world, because gold is not only the best currency but also itself a store of value. Whereas BTC is neither a currency nor a store of value.

>>24101951

>no, when we conquer and force other nations to sell their resources at an advantageous rate we have wealth.

When you get wealth by conquest you have wealth in the same way as a slave-master has wealth, i. e. unjustly. But as I said in an earlier post, there is no way for America to conquer Russia and China now. Not only would American patriots protest against any attempt to start WW3, but America doesn't have the manufacturing-base to carry on a war with Russia or China. It prints dollars to buy what it needs; it doesn't make it for itself. And the experience of the Saudis in Yemen has shown that high-tech super-toys are more show than substance.

>>24101951
Sorry to burst your bubble anon but production literally is the driving force of the economy. You actually came to this conclusion unwittingly yourself:
>You're pretending I can't just go get a fish myself
Or: "You're pretending I can't just start producing my own goods!" Exactly! You can create value by yourself by producing goods and services by expending your energy, wits, knowledge and raw materials. This is what drives the economy.
>no, when we conquer and force other nations to sell their resources at an advantageous rate we have wealth
And what happens when you run out of other nations to conquer? Are you going to enslave the entire planet? Is that wealth to you? That's the way a communist would think.

>>24102125
the US already WANTS to bring production back home despite it costing 100X more here. Just like we brought oil production back even though it involved pumping toxic benzene into thousands of people's drinking water.

Our stubbornness is something you russians and chinese can't fathom. We'll live without your useless crap rather than pay more for it. We already resent it anyways.

>>24101943
At first it had some jams, but after I may dumped a few times it fires well. There's little difference between it and any Beretta outside of price, and the addition of a pic rail of you want to add anything optical (I won't, but to each their own) made it an absolute fucking steal at $350.

>>24102197
>This is what drives the economy.
the US economy is driven by debt and service, and not much else.

it's weird, no? We sell services and debt to each other and with that ECONOMY we can afford to purchase most of China's production.

>>24101643
because it's not enough that something is just scarce. because your scarce crypto tokens have no actual value; you can't do anything with them except hold them sell them or give them away. and also other people can just mint their own "scarce" crypto tokens too making crypto tokens in general not really scarce anyway.

>>24101839
Countries don't currently want it because they can't control it like they can gold.

BTC has value because it is trust-less, it is immutable, it is easily audited, it can be sent anywhere in the world in a matter of minutes, it can't be confiscated, it can't be debased, it is pseudonymous, and most importantly, it can't be inflated outside of the set inflation within the protocol.

You don't need to back cryptocurrency with gold when the utility, stability, and fairness provided by the protocol IS the value. It is everything that gold is and way more.

What utility does gold have that BTC doesn't?

>>24102247
*mag dumped

And in the Midwest covid is basically Santa Claus and the Easter Bunny. Our ranges aren't closed thank God.

>>24102188
>America doesn't have the manufacturing-base to carry on a war with Russia or China
that was Japan and Germany's second biggest mistake

the first biggest was invading russia. Stupid move

the second was underestimating how quickly america can tool up to produce most of the weapons in the world. Protip, it's less than 2 years.

>>24102276
> What utility does gold have that BTC doesn't?
Let me know when you’re able to hold your internet token in your hands. Oh right you can’t lol

>>24102374
Protip, it's not the fucking 40's.

>>24102250
>the US economy is driven by debt and service, and not much else.
And here we arrive to the heart of the problem. The reason why the United States is falling.
>it's weird, no? We sell services and debt to each other and with that ECONOMY we can afford to purchase most of China's production.
The entire global monetary system is based on credit alone, and that is in itself unsustainable because people don't always keep their promises. So as time goes on and as exchanges based on credit (promises to pay back later) are made more and more, some of those promises are going to be broken. And that leads to defaults. Normally this wouldn't be that big of a deal if those defaults would be allowed to go through. Let's say a business defaults for example. It goes down and is replaced by a more efficient business. Value is then created more and the economy thrives. But since defaults -- deflation -- isn't allowed to happen and the currency -- and the collective owners of the currency -- take the hit instead of the inefficient businesses that are supposed to default, the currency loses its value. The currency is based on credit, debt. So when this happens enough times people and nations start viewing the currency as an undesirable asset to hold.

I agree with you though that if the dollar was based on something else than credit (which is inherently unsustainable due to human nature) and if economic downturns were allowed to happen, exchanging dollars for commodities would be even desirable for producers from abroad. But who wants to hold paper that keeps losing its value and that is backed by lies?

>>24102276

>Countries don't currently want it because they can't control it like they can gold.

On the contrary, BTC is all about controlling people. Why else do you think the MSM is pushing it on people so fervently? Adam Back, the head of Blockstream, is Satoshi (https://www.youtube.com/watch?v=XfcvX0P1b5g)), and Blockstream is controlled by the same banks which control the MSM. When the banks get people into BTC they have absolute power over them, because people have to through Blockstream's second-layer solutions in order to accomplish anything. _Nation-states_ won't want BTC after fiat falls simply because it's absolutely worthless.

>BTC has value because it is trust-less

Kinesis and other gold-backed cryptos are also trustless.

https://www.youtube.com/watch?v=5Q9aYYluRA0

https://kinesis.money/blog/merging-gold-and-blockchain/

"Kinesis cryptocurrencies eliminate this need for trust, essentially creating a trust-less system, which is what Bitcoin and alternatives were supposed to be. A user does not have to trust in the value of the Kinesis tokens, as each token is verifiably backed by gold and silver. As long as these precious metals hold their value, Kinesis tokens will hold their value."

>it is immutable

So is gold. This is one of its most extraordinary properties.

(1/2)

>>24102423
true, our tech has advanced considerably, in large part thanks to china and russia

we'd tool up much faster now.

we stopped production while we still had enormous resources in place. We've been trading worthless paper for YOUR resources for the last 30-50 years. You have the factories, we have the resources. We can build factories much faster than you can imagine.

>>24102276
>it is trust-less, it is immutable, it is easily audited, it can be sent anywhere in the world in a matter of minutes, it can't be confiscated, it can't be debased, it is pseudonymous, and most importantly, it can't be inflated outside of the set inflation within the protocol.
buyers don't care about any of that. when there are no buyers, then you will see. but it will be too late for you.

>>24102484
>that is in itself unsustainable because people don't always keep their promises
a percentage don't

if that percentage is priced in the construct works. Even if the price changes, it still works.

>>24102499
>You have the factories
Since when did America have the factories after exporting it's industry?

>>24102568
I assume I'm responding to a chinese or russian shill.

they have far more factories than the US does

>>24102276
>>24102488

>BTC is easily audited

So is gold. Good Delivery bars go through a Chain of Integrity which ensures that they are sound.

"A record is made of every movement of a bar between recognised vaults. This builds what is called the "chain of integrity" which is broken if the bar leaves the custody of the bullion community, for example to be placed in a private safe deposit box, from which it could conceivably be tampered with.

The chain of integrity is backed up by basic physical tests performed on receipt of bars, and also by specialist assayers who visit vaults periodically and test bars on behalf of their owners. It is also audited independently by random sampling under a double-blind arrangement performed by referees of the bullion dealing community."

>it can be sent anywhere in the world in a matter of minutes

As I pointed out here, this isn't true of BTC. It's absolutely worthless as a currency; even with the LN can't manage transactions for more than 0.1% of the world population. >>24102188 Whereas gold-backed currencies and gold-backed cryptos function perfectly for digital transactions.

>it can't be confiscated

Bitcoin can be tortured out of you in ten minutes. That can't happen to you if your gold is offshore in a Swiss vault. If you hold your gold in Switzerland, it is perfectly safe. Switzerland wasn't even invaded during WW2, and has never confiscated gold.

>it can't be debased

In order for something to be debased, it has to have value in the first place. Debasement implies a subtraction of value, but in BTC there is no value to store.

> pseudonymous

Whereas gold, when you transact with it in physical form, is absolutely anonymous. So it is superior to BTC for privacy. The BTC Twitter hackers were caught within days, and the money from the Silk Road has now been recovered, because all transactions done with BTC are stored on a public ledger. The case for privacy gets even worse when you go to the second-layer solutions.

(2/3)

y do people think buyers care if something is easily audited? or if something is scarce? buyers want something that stores value or grows their wealth. BTC has no value to store and risks your wealth.

>>24102533
It isn't priced in. That percentage that don't keep their promises are the cause for defaults. Because those people default. And then others who depended on getting their money back default. And the chain reaction leads to businesses defaulting, which means that people lose their jobs and new businesses would need to be started up. And that would be fine if that was allowed to go through naturally! But the modern monetary policy doesn't allow that. Central banks instead choose to devalue the currency. And why would you want to hold depreciating assets (dollars)? It's the reason why the stock market is pumped up, the reason why all asset classes are getting more expensive every year.

>>24102613
Btc is like a battery, the electricity used to create it has value, cause if I want another one I have to mine it with the same or more power. How’s that so difficult to understand? how is gold a better store of value with higher inflation? I’m losing 0.71% a year in inflation from holding gold to btc and that number gets worse every 4 years.

>>24102188
Gold isn't a currency. Its just a store of value/hedge. The currency is the digital coin or paper that is tied to gold. Creating that peg requires a central authority to facilitate reserves and distribution of coin/paper. All central authorities are susceptible to human greed and they want to manipulate their currencies as they see fit. So pegs break again and again and this is exactly why we aren't on the gold standard now.

BTC doesn't even need to be a currency and its STILL fundamentally a better store of value than gold. Gold can still be debased, still be confiscated, still be mined into existence on an unknown scale. Digital and paper currencies backed by it are exposed to these shortcomings. What you're not understanding is that BTC doesn't need to be tangible to have value. It is a secure immutable system that incentivizes people to play by set rules. All people who use the system know that the system is fair and there is no central authority who can influence it.
THAT is the value.

A nuclear bomb is a perfect example of this. Not a single bomb has ever been dropped maliciously. They just sit and collect dust. They have value because they deter other countries with nukes from using theirs. It is a deterrent. Similarly, BTC deters bad actors and infringements on freedom.

>>24102276
>>24102609

>BTC can't be inflated outside of the set inflation within the protocol

1% inflation per annum in gold is acceptable. It keeps up with population growth. It didn't inhibit the gold standard from producing the greatest period of prosperity in Western history.

>What utility does gold have that BTC doesn't?

See >>24102188. "Engineering, dentistry, medicine, ornament, etc." It is immutable, and the most malleable metal on earth. Some would say that it is the most valuable metal, given everything that it can do.

(3/3)

>>24102080

Thanks for this post, I agree with you entirely and your thoughts are very intelligent. Also liked this post earlier by somebody else which got no attention. >>24100130

>>24102374

America was able to build an army quickly in the 40s precisely because it had a strong manufacturing-base. It doesn't have that any more. High taxation and regulations have destroyed it all. Irwin Schiff points out that America couldn't even make shoes for its soldiers any more.

>>24102634
ah, you don't know about insurance and underwriters

see, we sell the risk of default to mathematicians that crunch the stats and figure out what it's worth

it's not passed on. Not directly anyways. Its paid in advance. It's fucking priced in.

>>24101675
Just because it's been used for millennia doesn't mean it will continue to be. Horses were used for millennia and now we're all driving cars. Its about fundamental utility not history.

>>24102157
They are fucking dinosaurs who scoff at the sight of a giant meteor because they have no idea what's going on.

>>24102681
>because it had a strong manufacturing-base
read your history
almost all of that manufacturing base was made AFTER the US entered the war.

>>24102681
i'm accumulating gold in case but i think it's somewhat delusional to think it will ever see the kind of growth bitcoin can and will probably continue to see. i'm not a retard so i have both, but you sound like a retard who only owns gold lol

>>24102702
I would rather trust something that’s been used for millennia than something that’s existed for 10 years and has a shaky origin story. Gold was not created by man, bitcoin was.

>>24102674
buyers don't want gold just because you have to mine it! buyers want gold because they know it can be used for stuff and it stores that value safely in itself. just because it costs energy to create crypto tokens doesn't make them valuable and also doesn't mean they would hold their supposed value if they had any (which they don't).

i enjoy the pro gold arguments because it makes me see how truly retarded they are. it's sort of like when you read the bible after everyone claims it will change your life and see that it's a collection of not even particularly good stories that were obviously made up. anyway, again, i'm buying gold but i'm not holding my breath like you absolute dimwits.

>>24102696
Insurance just slows down the descent. It doesn't stop losses from happening, it just softens the fall.
>it's not passed on. Not directly anyways.
No not directly. It's a slowly compounding effect that always ends with the currency devaluing. And at some point people will start thinking about whether they even want to have that currency. It all comes down to debt in the end. Everybody is leveraged, many are overleveraged. Insurance firms would start going down if a massive deleveraging started occurring too by the way

holy fucking kek schiff is kvetching at the top of his lungs today about bitcoin

https://www.schiffradio.com/trumps-prescription-for-higher-drug-prices/

>>24102747

Actually, almost 100% of my wealth is in junior silver mining stocks, and I was telling /biz/ to buy stocks like Dolly Varden, Callinex, Vizsla Resources, Aurcana, during the earlier half of this year, before they went up 5x. More recently I told people to buy Fireweed Zinc and Vangold, and people who listened to me doubled their money even at a time when almost all other junior mining stocks are sinking.

>>24102835
bro if you had your money in any number of places at the beginning of the year you got 5x returns. shit went wild after covid and money printer. who gives a fuck about your lucky ass picks.

>>24102822
>It doesn't stop losses from happening, it just softens the fall.
yes, like inflation

the wise businessperson plans on that devaluation
it's priced in.

>>24102880
Alright so do you think China also has plans for that devaluation? Do you think they'll still be trading their products for dollars that are worth less than the paper they're printed on? Do you think China wants to hold such an asset?

>>24102909
china manipulates its own paper in relation to the value of the dollar

of course they want to keep doing that

>>24102835
>A stopped clock is right twice a day
On another note why the fuck is there only shitcoin and miner talk in PMG?

>>24102609
>So is gold. Good Delivery bars go through a Chain of Integrity which ensures that they are sound.

Nope. Humans involved means you have to trust someone. Audits have found debased gold and tungsten bars before and they will in the future. BTC wins.

>As I pointed out here, this isn't true of BTC. It's absolutely worthless as a currency; even with the LN can't manage transactions for more than 0.1% of the world population.

Actually it is true. The network is yet to scale but you can send it anywhere in a matter of minutes. It's been done. It will be done in the future. You are just straight up lying when you say that's not true.

>Bitcoin can be tortured out of you in ten minutes. That can't happen to you if your gold is offshore in a Swiss vault. If you hold your gold in Switzerland, it is perfectly safe. Switzerland wasn't even invaded during WW2, and has never confiscated gold.

Again, you're trusting other humans and using past history to predict the future. Plenty of horse breeders thought automobiles wouldn't take over because of the history of horses.

>In order for something to be debased, it has to have value in the first place. Debasement implies a subtraction of value, but in BTC there is no value to store.

Attacking BTC because you have no defense against the debasement of gold. Also the SEC Chairman recently said BTC is a store of value. What you gonna say about that?

>Whereas gold, when you transact with it in physical form, is absolutely anonymous.

Dude, physical currency is a thing of the past. Most transactions are 90% digital now and CBDCs are on their way and using the pandemic to justify cashless societies so this point is irrelevant.

>>24102929
Why? Help me understand this. What does China have to gain from getting worthless dollars (in the future "hyperinflation scenario")?

>>24102955
>why the fuck is there only shitcoin and miner talk in PMG?
you can only post your coin collection so many times before people get bored with it. Hell, even you get bored with it.

>>24102872

There's nothing lucky about any of my stocks. I chose them on the basis of fundamentals and I made money on the basis of fundamentals.

>if you had your money in any number of places at the beginning of the year you got 5x returns

No, you're thinking of March. My stocks have made their returns since January. Others (like Vizsla) made their returns long after March. It wasn't about bottom-feeding. At any rate, what they have done so far pales in comparison with what they are going to do on the next leg up in gold and silver. The average silver junior went up 150x in the 60s, when silver doubled, as I pointed out in an earlier post. BTC is a complete waste of time even as a gamble; the $400 billion mcap is extremely boring and unappealing.

>>24102818
did you really just mock the bible while your idol the great BTC requires blind faith in it's esoteric value?

>>24102971
>What does China have to gain from getting worthless dollars (in the future "hyperinflation scenario")?
the price goes up, they get more
there will always be SOME VALUE
the alternative is not value.

the value of the dollar doesn't matter. If it goes down they just ask for more. If it goes WAY down they ask for WAY more

it will always be possible to exchange for gold if they want. But most countries have given up on gold and invest in better commodities now.

>>24102778
Automobiles have been around for only a few hundred years so you shouldn't trust those. The internet has only existed for 30 years...maybe you should not use that too. Amazon is only 20 years old. Stop using that. Literally everything we have is created by man yet you trust that they will work everyday.

>>24100999
Checked. Danielle is sexy I don't care what you guys say

>>24103013
>there will always be SOME VALUE
Yes but it's a depreciating asset. It loses value over time as the money supply increases!
>If it goes down they just ask for more. If it goes WAY down they ask for WAY more
Why even take that extra step? Why not just trade with other nations with more valuable assets to offer?
>it will always be possible to exchange for gold if they want. But most countries have given up on gold and invest in better commodities now.
That I can actually understand as gold isn't much of a producing asset when compared to copper for example.

>>24100130
>>24099821
America is legitimately the only 1st world economy of any real size that has an up and coming consumption base in their 'millenial' cohort. The French and New Zealanders do too, but every other developed nation had a baby bust MUCH harder than the US did in the 1970s. This means that the only export destination going forward is the USA. Everyone is going to get crunched by the boomers dying/retiring, but the US unironically gets it the easiest. Everyone else is disappearing into demographic twilight because they forgot how to raise kids. I don't know why you Chink cheerleaders refuse to acknowledge any of this?

We are discussing the death of the function of states here. It doesn't matter that defaulting a trade deficit is 'bad form' if doing so collapses the nation you do it do. Nations without the ability to secure their food and energy supply do not get to demand things or payment terms from those that can. And just so you're aware, when you read "China" is hoarding gold, it doesn't mean the state has it. It means that its being funneled into the hands of whatever PRC party toadie is in position to fill his pockets and capital flight it out of the country. I don't doubt that there are vast amounts of Chinese mineral wealth extracted for home use, I just doubt their vaults are any more full than Ft. Knox.

>>24103062
Agreed. She is a total babe.

>>24102971
they are paying to import the united states' factories so that they can crash the world economy and then out pace the US in the recovery phase.

>>24103085
>Why not just trade with other nations with more valuable assets to offer?
that's the kicker

the US doesn't trade with china and russia because we need their shit or value it more than others

we trade with them to keep them on a leash
just like I give the neighbor dog treats so he doesn't bite me

if I stop giving him treats nobody else is going to step in and do it. Because nobody else is threatened by him. If the US stops buying china and russia's crap nobody else is going to do it. Because we don't need their crap. It's an excuse to keep them from biting.

>>24102970

>Actually it is true. The network is yet to scale but you can send it anywhere in a matter of minutes. It's been done. It will be done in the future. You are just straight up lying when you say that's not true.

Anybody who understands cryptocurrency can corroborate what I told you. BTC is a joke. It simply can't be used as a currency. Vitalik (the head of Ethereum) knows it. The entire BCH community is based upon the idea of rebuilding Bitcoin to be what it ought to be. Mike Hearn and Gavin Andresen quit the BTC project in disgust because of what it became.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=f32814c03432

Understand, it is simply a fact that the LN can't handle more than 0.1% of the world population before breaking down.

>Dude, physical currency is a thing of the past. Most transactions are 90% digital now and CBDCs are on their way and using the pandemic to justify cashless societies so this point is irrelevant.

It is curious that your answer to my allegation that digital currencies destroy privacy, is simply to submit and say that they are inevitable. Rather than fighting for gold, as being something which does offer true privacy. Really does corroborate what I have always said that one of the purposes of BTC was to make the population docile and receptive to the idea of CBDCs. At any rate, understand that if governments got to the point of banning gold coins, they would certainly ban Bitcoin as well. And then it would do you absolutely no good.

Going to remind you again that, on a philosophical level, it doesn't even matter that BTC is worthless, because all that matters in the real world is what China, Russia, and the other producing nations will take in exchange for their goods. And they won't take a cryptocurrency, because it offers them no store of value as a reward for their labour. They will demand gold, and, if you don't give them that, you simply won't get the things you need and desire.

>>24103137
>then out pace the US in the recovery phase.
like my janitor refusing to scrub my toilet so when I decide to do it myself he can jump in and do it faster

>>24102982
that's fair, i have to respect your position as you have your reasons and your placid response to my posts calling you retarded. i might buy a box of silver so i can buy guns and a harem of man whores when the apocalypse comes

>>24102826

>>24103146
>the US doesn't trade with china and russia because we need their shit
The US literally does! Where else do you get your things, given that you don't produce anything?
>If the US stops buying china and russia's crap nobody else is going to do it
Then their economy would slow down and probably go into a recession or even deflation yes but the US economy would collapse outright as demand would increase way over the supply

>>24103227
>recession or even deflation
recession or even depression*

>>24103207
>a harem of man whores

>>24103227
>The US literally does! Where else do you get your things, given that you don't produce anything?
we built china's factories and we can build them anywhere. lately we've been building in Mexico, e.g.
>demand would increase way over the supply
again, take us less than a year to move a factory to korea or indonesia or vietnam or taiwan or any of a hundred different countries

we INVEST in China, not just because it's cheaper, but because the gov incentivizes it. So does China. But we're talking pennies per item here. Most americans won't stop to pick up a penny in the street. We don't give a fuck about that difference in cost.

>>24103227
>as demand would increase way over the supply
We don't need dollar stores or half the shit in shartmart anyways, manufacturing would start up again.
I would gladly pay twice as much for some made in America shit that lasts twice as long as the chink counterpart that costs half as much

>>24103207

The reason why I'm calm in the face of insults is because I literally have no other motivation to be here other than to help people. If they don't listen to me then it is their loss, not mine. I am already in the right position with respect to precious metals, and don't need to convince anybody of anything in order to succeed. My investments will work regardless of what I say or don't say, because they are based upon inexorable fundamentals. I want people on 4chan to have some sort of wealth and power to resist the tyranny which is currently being imposed upon us, and that's the end of it.

>>24102674
>Btc is like a battery, the electricity used to create it has value,
wrong and typical cryptatrd logic
idiot. the electricity used to create it is wasted and gone. it is not stored. and if anything it just continues take more and more electricity to continue to store it, transfer it or use it in any way.
that's not a battery at all.
that's more like what electricians would call a 'parasitic drain'

If you want to mine bitcoin, you need silver.

>>24103313
/thread

>>24103313
That would be great for the economy. If the US started producing more again. Maybe the USA could finally start cutting down on their massive debt and begin revaluing their currency... Pipe dream.
>>24103294
So that's just it then? The dollar will become literally worth peanuts, American citizens will suffer and nothing will change?

>>24103393
This but unironically

>>24103408
>American citizens will suffer and nothing will change?
when you're at the top there's usually only one direction to go

this is inevitable. And china probably will rise and replace us. But their rise won't be from manufacturing. Or if it is, it will be manufacturing weapons, planes and ships like we did

>>24103465
That suffering will create unrest. That will escalate. Times like this are times when wars are started...

>>24103393
>If you want to mine bitcoin, you need silver.
it takes a gold mine to run a silver mine. ~t. some 1500's spanish miner guy

>>24103481
sure, but aside from the silliness about rednecks owning guns, who do you think has the advantage in a ground war, US or China?

Personally I could shoot 100 Chinese per day, but I'd need to shoot 10.000 a day to win

>>24096909
Could anyone give me a list of silver coins minted by fascist nations? I already know about the Reichsmarks, 100 pesetas, and 5 lire, is there any other coins I’m missing? And what about imperial Japanese silver?

>>24102835
Should've realised I was talking to you lol.

>>24101394
Russia also has cucked Europe and has them completely dependent in terms of oil and natural gas supply. They're finding gas and oilfields all across siberia and further north in the arctic. They hold leverage in the Uranium space within America as well; They are an energy superpower and state backed companies like Gazprom aren't the same broken and inefficient communist machines of old. Putin has been painted as some comic book villain dictator in America when in fact he's incredibly nuanced, decisive, lethal, and worse of all, effective.

Should Russia and China's investment in the Stans prove succesful, the world's balance of power will tip absolutely. The trade agreements and infrastructure development there have been steadily accelerating. They have huge supplies of natural resources, human resources, and intellectual resources (including that which has been stolen from us), and they may hit their stride as technological innovation moves to it's next leg upwards. That Eurasian area needs to be watched. Been reading Katusa's Colder War. Great stuff.

>>24103481
Technically WW1 never really ended and the regional conflicts have been boiling beneath the surface for decades. Nobody does anything about it because big daddy USA controls all the waterways, most of the airspace, and nearly all of orbit; but how long can that control be maintained in the face of total economic collapse during winter?

>>24103517
I honestly can't tell. Don't even want to know really. However in a war, production is important and China has the upper hand there. Although USA would 100% be backed by the Western world. In any case, hard times are ahead I believe.

>>24103294
What the Chinese don't seem to get is that the smart money was divesting for years. Even prior to Corona memes, there was an ongoing flight to Vietnam and Mexico for low value added manufacturing, because its legitimately cheaper to pay Viets, and the shipping costs for Mexican goods are so much lower.

>>24102835
Cherry picking much? I, too, can list a ton of miners and pick the ones that went up the most and say “see! I told you so!”

>>24103573
>China has the upper hand there
their quality is poor, and their arms aren't exactly top-notch. US has retained strategic arms production.
>hard times are ahead I believe.
that's a given. Just a question of how long

>>24103583
yep.

we continue to allow china to manipulate its currency because we don't want a war with them. That is all. They stopped being the cheapest place to manufacture american goods a long time ago.

>>24103611
I don't necessarily mean arms production. You need to maintain supply lines and infrastructure in a war. I'd argue that's more important than having weapons.

Fuck I can't wait until the currency reset happens.

>>24102079
you mean like anyone who’s bought the ath on gold in the last 50 years? Lol gold isn’t an investment, it’s barely better then fiat

>>24103639
the us is a top producer globally for food, metals, and oil. And we sit on reserves while buying up other countries' resources.

what china and russia have is the same thing they had in WWII. Staggering numbers of disposable humans with no skills and a trigger finger

>>24103672
I wouldn't say the Chinese lack skills today. They're progressing at a surprisingly fast rate.
Who would you say would win in a war of attrition? Would it simply end in a stalemate or does one have clear upper hand over the other?

What did cryptoanon mean by this?

>>24103625
>They stopped being the cheapest place to manufacture
Fuck man I still try to explain this to family, they go to the shartmart or wherever the fuck, buy the cheapest made in chinka thing that they are looking for and then realize if they had spent just a bit more the could of gotten something that worked a fuck of a lot better or longer or both.
Next week they do the same thing
Fucking consoomers

>>24103588

>Cherry picking much? I, too, can list a ton of miners and pick the ones that went up the most and say “see! I told you so!”

Aurcana +75%
Great Panther +72%
Vizsla +220%
Callinex +234%
Greatland Gold +95%
Bear Creek +30%
Impact +40%
SVE +32%
Avino +46%
Metallic +64%
McEwen +1%
Avino +72%
Bluestone +2%
Silver Elephant +76%

First Energy -2%
Excellon -3%
Argentum -24%

Bearing in mind that the junior miners are ultra-oversold at the moment, and have pretty much hit a bottom, are you going to tell me that I gave people bad advice in that screenshot?

>>24103523
Fascist Italy made some Silver coins for Albania when they were occupying it, 5 and 10 lekes I believe.
Imperial Japan made 50 sen (and maybe a couple other denominations) of coins out of 72% Silver prior to the War.
Hungary, which was sort of Fascist, issued Silver 1 pengo coins in the mid 30s.

>>24103099
It's funny then that the only legitimate 1st world economy with a consumption base in the millenial cohort has saddled the base with extreme levels of debt and a greater than ever wealth gap, spoiling their ability to consume. America needs a generation to deleverage and "reset", in some Fourth Turning way.

Relatedly, I see the protests in the streets not as a result of racial or other social factors, but instead as economic unrest as a result of the current generations' economic suppression.

>>24102835
hey I was actually looking for you earlier.

Whats your thoughts on VGLD right now, got an entry point around 24c that i took. SO far they have rich ground, existing mine, not too far from restarting everything. I feel like I may have forgotten some of the other good things, can you jog my memory?

>>24103701
china and russia would both win in a war of attrition which is why they've been our allies and trade partners the whole time.

but wars of attrition are no longer possible, so I don't see that happening.

and yes, china has adopted our tech and surpassed us with it. So has russia. but they don't understand, we aren't enemies. We're farming the design process out to them as well. The consumer has the power, not the manufacturer. Particularly right now when there's one major consumer and hundreds of possible manufacturers.

>>24103798
the debt is actually the secret to the wealth and consumption.

don't tell anyone here that though

>>24103809

Best places to get a brief summary on Vangold are the Crux Investor interview and this article by Epstein Research:

https://www.youtube.com/watch?v=zCJWjhcsZZU&ab_channel=CRUXInvestor

http://epsteinresearch.com/2020/10/14/vangold-mining-55m-of-channel-sampling-returns-537-g-t-ag-eq-or-6-7-g-t-au-eq-drilling-starts-next-month/

Also simply keep an eye on the ceo.ca chat. Summary of fundamentals:

1) The mine was once one of the most productive silver mines in Mexico, and only shut down because of the Mexican Revolution;

2) Average cut-off grade for gold was 15 grams per ton in the early 20th century, which is extremely high by modern standards;

3) They have 20,000 gold-equivalent ounces in stockpiles lying about, which they simply have to send to a mill and sell for cash;

4) They recently found high-grade gold in exposed stope walls;

5) The Veta Madre or Mother Vein may intersect their property, which is responsible for 1.2 billion ounces of silver, and 6 million ounces of gold in the area. If they do find it, the stock will absolutely soar.

6) The mcap is a mere 23 million.

>>24103735
I did one of these too lol at some guy who called me a faggot. We are in the last stages of a pullback though

Liberty Gold 40%
Goldmining 55%
PureGold 125%
Equinox 11%

>>24103879
Well, the wealth of the few at least
>>24103936
I'd like to ask you about what you think about VGLD vs AUMN as an investment. I was having a very hard time deciding which is a more valuable investment. So far AUMN has provided better returns and they've better prospects too in my opinion, they're also getting into production next year and going to operate multiple mines in the coming years. What is your take?

>>24104049
>Well, the wealth of the few at least
the average american does work that in asia would make you a couple cups of rice and a 1/8th pound of meat a day. In our country people that don't work make more than that.

the wealth of ALL americans comes from debt, even the fucking poor ones.

>>24104108
...I haven't given thought to that. Damn, you're right. But isn't the standard of living going up in China for example?

>>24103558

Thanks for this post, highly interested by what you had to say, and agree with all of it. I mentioned before that the -Stans, in whom you mention China and Russia's investment, have been accumulating gold for years now. Kazakhstan has 400 tons, which is even more than Great Britain has. Uzbekistan has 310 tons, which is the same as Great Britain has. The whole Eurasian world appears to be getting ready for a post-American order. Turkey is also a great accumulator of gold.

>>24104049

I don't own AUMN myself, but I always recommended it to people who wanted to buy a small-cap but could only purchase stocks on the NYSE with Robinhood. @Linus sums up the case for it: "Looks like they "may" be able to start Valerdina mine early next year and process the silver/lead from that mine using the 300T floatation mill while also shipping the Rodeo ore to the other oxide mill that Hecla currently uses. The Valerdina complex gold which was the problem and reason for shutting down the mine would be stockpiled until the bioxide plant can be properly engineered and built. This would mean the 2 mills would probably be at full capacity. Big re-rating coming soon if approved by the board imo." There is also a Crux Investor interview. Also, our familiar friend @oldbanker (of Silver Spruce and East Asia Minerals fame) likes it a lot. This is what he said in May, before it went up 60%: "No brainer.. undervalued, huge percentage of shares owned by biggies, so this is a massive leverage play."

Upon the whole, I prefer VGLD to AUMN at the present time. AUMN mcap is 4x larger than VGLD, and VGLD has enormous potential for such a small mcap.

Never visited this thread before but it piqued my interest. Are there any motherfuckers that are actually going out PANNING for fucken gold?

>>24104142
yes, china is getting richer

but so is the US. And faster.

Debt is the secret, we're selling our kid's future for our homeless people's burgers. But debt can always be erased. Burgers in hand are worth 2000000000 in the future.

>>24104176
pan man does

I do to, but I don't usually show off.

gold is free in a lot of the world. But you'd make more gold doing literally any shit job. I can pan an ounce a month if I work my ass off. I can earn 3 ounces a month doing almost nothing at a joe job

>>24103664
Look at the charts. I'm not even trying to be an ass, just saying it holds it's value, and even beats, the USD over time. And trying to offer legit advise, when it reaches 20k you better cash out immediately

>>24104231
It hasn’t beaten inflation though not for the last few decades

>>24104184
I don't agree that the printer can stay on forever. There will be a point when investors and nations don't wish to hold dollars anymore if this continues. Of this I'm certain.
>>24104170
Hmm, food for thought. I guess AUMN has more risk too as they're about to begin production in multiple mines. Many things can go wrong. The difference in market cap is also attracting me towards VGLD. Perhaps I'll wait a little and see if VGLD goes down a peg or two more and switch my AUMN shares for VGLD. Will have to re-evaluate the stocks by myself still though. Thanks for your piece of mind man

>>24104213
That's pretty much what I thought. I knew there had to be at least 1 mad bastard who was big on panning for gold. I hope "pan man" makes it.

>>24104278
I’ve been slowly buying into a AUMN. I think they have a good shot at a re-rating or being bought out. If the stock gets above two dollars I’ll probably sell half and ride the other half.

Btc at 18k 10% off ath and gold cucks be like “why buy you’re buying aths enjoy your bags”

Gold at 1900, 15% off aths “buy gold guys it’s undervalued it’s going a lot higher nows the time to load up on gold, silver and mining stocks”

Cope harder

>>24104278
>There will be a point when investors and nations don't wish to hold dollars anymore if this continues. Of this I'm certain.
sunk cost fallacy

they won't back out until the US has been bankrupt for 50 years with no sign of coming back. And that's not likely because 50 years is plenty of time to leverage the fallacy itself for a turnaround.

>>24104299
he's into hardrock mining and mining contracting, just like I am.

oddly enough that pays far more than just panning. Like so much more people here can't even imagine.

>>24104176
Yes, Pan Man is an avid panner and works in the mining industry. He also has some cool grabs he has found by himself. Many people just stack gold and silver bullion. Mining stocks are for precious metals exposure + gains

>>24104316
Americas been bankrupt since 1971. Everything beyond that has been iou's and fiction.

>>24104241

Gold is a hedge against the collapse of fiat currencies, not the short-term consequences of inflation (i. e. the expansion of the money supply). Gold can be suppressed by the bullion banks for a time, but, when fiat goes to zero, gold will gain 8-16x in purchasing power, silver 40x, and mining stocks 100s of x. This is because the Gold Dow ratio will go from its present 1:15 to 1:1, or perhaps even to 1:2 or 1:3, and the Gold Silver ratio to 1:14. The reason why silver spiked so high in the 70s and 80s bull market >>24097227 is because people feared the imminent collapse of the dollar, and not, as some people falsely believe, because the Hunt Brothers "cornered the market." Even physical gold went up 25x in that bull market. When the dollar really does collapse, gold and silver may go even higher.

>>24104347
or maybe even earlier

>>24104332
sounds cool. gl out there brother

>>24104338
thats fucken insane. can't imagine the feeling of pulling that out of the ground

>>24104176
>>24104299
Thank you and yes I do well for myself but not just from panning. Placer mining is my game for the most part right now but I ve been in all sorts of positions in the mining field.

>>24104418
your hose is limp, Pan Man

>>24104316
Now we're getting into too technical of a territory, I'm afraid. I cannot keep up with you because I'm just too ignorant. I hope things won't go as you say they will but only time will tell. Thanks for the discussion man, you gave me a lot to think about.
>>24104304
Considering PGM is over two dollars and has much more prospective ground and production at the end of the year I don't see AUMN going that high at least not until they've both Romeo and Velardena operational, and not even then I find it hard to believe (if we assume that gold price stays the same of course -- other miners will pump too along with gold). Maybe re-rating at around the same price as AUN is more realistic?

>>24104338
fuck i wish i could claim that nugget, but my hard rock ore is fabulous.

>>24104460
Wait you couldn't claim it? Why is that? Were you under a contract?
What about this Red Lake one you posted before?

>>24104431
yes we were having issues reusing the muddy water on that site this season, that shitty little trommel kept plugging up.

>>24103714
He meant "buy high, sell low".

>>24104459
>Thanks for the discussion man, you gave me a lot to think about
my pleasure, thank you
>>24104460
sweet stuff. I mean that's either lead or silver, usually both. and either pyrite or gold, usually both. Just a sweet looking rock.

makes a prospectpr drool. I want to lick it

>>24104477
I like the plastic sheet or whatever that is under the trommel, it's not a bad idea

>>24104476
That photo came to me though a geologist contact, most of the cool photos I post here are from news articles or from guys who have sent me shots. I havent been to Australia so I couldnt have mined that chunk, did someone use my name and claim I did? That particular photo you have there from Red Lakes in my photo collection though I have posted it before, its not from the Red Lake main mine but a satalite working nearby. Again a contact sent me that particular photo.

>>24104479
Looks like a guy who’s a lot richer then anyone here? The rich always know early unfortunately

>>24104418
what do you do with it? refine it? sell it? stockpile?

>>24104506
Mostly metallic silver in the form of argentite, a bit of lead and zinc too as well as cobalt. Its hosted in a quartz barite vein, was hoping to drill it this year but covid got in the way.

>>24104558
I'd love to see numbers if you do. I remember you posting similar ore on /out/ Still waiting for you personally to get more funding than most juniors you've researched

>>24104357
Exactly this. It's why you always bet against the fed. If someone wants to play the crypto casino then great, but once you're in the green you need to cash out and secure that shit in something physical. You're not taxed in some states when buying from a LCS, and most will not keep a paper trail of your purchase as long as it's done in fiat.

>>24104537
>most of the cool photos I post here are from news articles or from guys who have sent me shots
Oh alright then. I guess I just assumed they're grabs that you picked up yourself.
>did someone use my name and claim I did?
No, no, just me making assumptions lol

Still beautiful rocks nonetheless

>>24103936
there it is, thank you so much for that summary.

>>24104587
yea i am partnered with the logger who found that particular ore outcrop while road building, hes sunk just about as much money into the claims as I have, as for ore grades the quartz barite carries 20gpt Ag on the low end and 33 gpt Ag in grab samples. Au grades anywhere between 5-90 gpt but again there are some crazy high value grab samples for that as well. The plan was to drill to see if the ore went to depth than option the property off to a larger explorer.
>>24104601 i usually post my Name and date next to the samples or spots I post here if there mine, otherwise there usually photos to do with the links I post. Sorry if that confused anyone.

>>24096909
gold is gonna dump hard to 1400 when stonks get the big correction. lovely fat margin calls. gold spergs ' wtf wasn't this supposed to be a hedge WHAT THE ACTUAL FUCK' . just like in March. beautifull

Fresh from the oven:
>>24104765

>>24104551
I keep the really interesting nuggets for myself, but most of my gold gets sold for smelting or for jewellery.

>>24104689
>The plan was to drill to see if the ore went to depth than option the property off to a larger explorer.
If you have a few hundred meters of that you're rich. The sooner you drill the happier I'll be.

I think you mentioned outcrops in that area can be shallow. But that's some really nice rock. even a short shoot might buy a house

>>24104895
yea i didnt want to bring in a bigger group without being able to say it the ore goes to depth, if it does than it may be a major target, if not than a little open pit operation might still work out.

>>24104936
Is this venture of yours listed on a stock exchange?

>>24104936
I know a mine like that in my area, the ore only runs a couple hundred meters at a thickness of less than a meter

it's for sale right now for $6 million US and I expect it will go for $3 million in the end. Get that shit drilled and assayed. You might have retired a couple years ago and just not realized it yet

>>24104951
no i am to small for that, I do have my little private company that holds my claims for me though. Hopefully some day down the line I ll get that big but at the moment this particular project is private. I have talked to people involved with a junior explorer about it but they also want to see if the ore body extends past surface before really getting involved.

>>24105022
I hope that you'll get great results and success following your drilling next year Pan Man.

>>24105060
If I do next spring /PMG/ will know about it. I mean if the grades keep going than I can get any number of companies interested. Could live off the royalties on smelter return.

>>24105116
I can't imagine how excited you must be. I'm getting butterflies in my stomach just thinking about being in a similar situation. Though it would be a huge letdown if the deposit turns out to not be economically viable.
Keeping my fingers crossed for you anyways!

>>24105150
>I'm getting butterflies in my stomach just thinking about being in a similar situation.
was going to call you a faggot
but i know that feel too

>>24105150
I mean i am a prospector, so i have to be an optimist but I have seen possibly thousands of amazing looking showings over the years that looked great but didnt go anywhere. This one is way bigger and can be traced, so I am hoping it keeps going.

>>24103735
Can you also post the returns of all major tech stocks from that same period? BTC, too, please.