/biz/ - Business & Finance

>>24604077
Previous thread: >>24579194
(almost had it -- not rebaking due to dubs).

>>24604111
Good choice, also checked

>>24604077
Thanks for baking. (You left Uzbec gold edition on though)

>>24604077
Does anyone have that “Alien Bitcoin mining” pasta from a few threads ago? It was hilarious

Anyone else feel a spiritual connection to gold and silver?

>>24604077
Nerd here, yes asteroid mining will be much cheaper. Literally all you have to do is attach rockets to the asteroid you want then crash it gently on the moon, then you can mine it at your leisure on a stable surface and railgun it into orbital factories once you've got it done. Drone satellites will take care of everything autonomously. The sea is a way more hostile environment for machines than space is.

Will silver prices diminish within ten years?

>>24604203
Piggybacking to ask for any Schiff memes as well

The medium of exchange is the tool that facilitates the indirect exchange system, which we created as a solution to the inefficient barter system.

Instead of having to 'sell' the good that you dont want directly for the good you do want to 'buy' (barter), you can now 'sell' the good for another good(the medium of exchange), and then 'buy' the goods and services you want with the medium of exchange.

For this to work, the medium of exchange(money) must be a useful commodity that can retain consistent tangible value and utility, and therefore always have demand from others who are in turn looking to exchange their goods for said commodity (now the means of exchange). One of the most important benifits of this is that the medium of exchange can now act as a 'store of value', where 'purchasing power' can be stored in a commodity that can reliably be predicted to retain value over time.

Many commodities have been used as the means of exchange throughout history, but the free market has determined Gold and Silver suit our purposes for a means of exchange best.

Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and not easy to use.

>>24604245
Yes but also no but also yes
>>24604236
The soul is connected to the body via a silver string, and this too is a great mystery.

>>24604236
Boomers do. Zoomers are spiritual connected to crypto.

>>24604273
I must point out the despite the beliefs of the crypto investing public, cryptocurrency is still plagued with the primary problem that baseless Fiat money has - and that is not infinite supply cap, but the simple fact that it has no tangible, inherent value in and of itself.

They will argue that its inherent value is that it's a 'superior means of exchange to anything else', but this is folly, and rooted in economic ignorance. It is no surprise, considering for the past 100 years+ the general public has been kept totally ignorant of even the most basic economics i am describing here.

Cryptocurrency certainly is superior to Fiat in its qualities, the most obvious being a limited/predictable supply. But unfortunately this is not enough, and ultimately time will prove it to not be adequate when capital flight flees from crypto and into a genuine store of value, precious metals.

>>24604186
Cheers, that's part of why I was going to rebake. Amateur hour, I know. The gummies are kicking in.

>>24604241
I ll believe it when i see the tech be developed, until than its all a pipe dream. Heck even a zero gravity zero fluid ore processing system would get me on board, but since none of that exists yet its basically vaporware.

>>24604241

>>24604314
The hardest part is getting to orbit, which Musk is doing pretty well at. The next step is evaluating asteroids, which will require probes, so that's what you should look out for. I expect those to start coming out once we get serious about a permanent moon base (which means it's decades away, unless it's not, so yeah no need to hold your breath).

>>24604203

What if aliens have their own supply of Bitcoin? We know the universe is infinite, and so there must be intelligent alien life out there who must have their own cryptocurrencies, and are mining their own supply of crypto; that which is far more advanced - more private, better speculations, better uses, better stores of value.

Is "Asteroid mining" code for aliens mining crypto? Once we encounter aliens in the next few years, they will dump on us with alien crypto. Their supply of crypto is literally infinite. And this won't be Bitcoin 2.0, this will be Bitcoin 10.0 they dump us with. All our crypto would go to $0. Especially as Elon Musk takes us beyond the solar system in 2030.

I'm gonna pull out of the stock market while I'm ahead (except for TSLA and CRSPR) until it crashes.

Is gold a good store of value for a few months until I can sell it for dollars and buy stocks again?

>>24604236
I like watching my coins shine in the light

>>24604385
Based, thanks

>>24604314
>zero gravity zero fluid ore processing system
Pais patents, Pan Man. Anybody who can build an inertial reducer, room-temp superconducter, and a plasma compression fusion reactor can so exactly that thing you just described.
Salvatore Cezar Pais. Who is he?

>>24604377
the other bit is space mining wont be really after PMs, it will be after building materials and fuel for space craft and structures. Even so, I dont see us getting into space mining this century.

>>24604390
Physical gold? No.

Paper gold? No.

>>24604406
Glad you enjoyed it.

>>24604312
I do the same thing. Always screw up the previous thread part.

>>24604420
So was that deep sea miner 2 for nautilus? Was it actually built and part of their equipment sold off in their bankruptcy or is that picture just conceptualized?

>>24604420
Hey Pan Man how's BGM going? Are you guys drilling next year? Has the resource been roughly defined?

>>24604420
This century? Absolutely we will. Tech is advancing so fast in the last few centuries there'd have to be a catastrophe to stop us from getting to space mining. Musk is serious about getting to Mars, and if you want any kind of regular shipments between Mars and Earth, you need a moonbase and space-based factories and supply chains. We'll get there for sure.

>>24604485
it exists, as well as at least 4 other machines operated by the company. There currently being sold to a placer gold mining company wanting to operate the equipment off Nome Alaska.

>>24604236
It's because it of how conductive silver and gold are, it changes the all that electrical shit in your brain and nervous system when you hold it.

Aussie Uranium stocks RIPPING today. Expecting TSX Uranium open to rip as well.

>>24604581
Do you know that hot chick Emily from Bering Sea gold? I saw her at a rock climbing gym in Anchorage a few years ago and she’s a smoke show

>>24604545
there doing well, but unfortunately any employment I was planning with them will have to wait due to covid restrictions BGM has put in place. There currently drilling 4 targets on Cow and Island mountain with the town of Wells inbetween. Their current plans are figuring out how to make the new upper level test drift not cause the town of Wells to sperg out as it will be quite a visual disturbance on the community. Everything else is going as planned. The mill / concentrator is staying where its planned to go, but with a lot of changes so it wont be an eye sour.

>>24604635
I ve chatted with her at Round Up in Vancouver a few times, shes great. There is no way in hell though you could get me on one of those floating shit shacks in Nome, thats where desperadoes go to die.

>>24604629
ITZA RIIIIIPUH M8

>>24604564
>Tech is advancing so fast

Is it? Just because it has in the last few hundred years, is that enough to assume it will continue?

https://www.edge.org/conversation/john_horgan-why-i-think-science-is-ending

What we have seen most is major improvement to existing technology. We need NEW technology. Completely new innovation.

The assumption that 'technology is continuing to advance exponentially' is one of the most naive assumptions widely held today.

>>24604645
Sounds like things are chugging along, too bad about Covid though. Thanks for the update.

>>24604471
W-what about foreign ETFs? I'm worried that if I keep my money in dollars it'll just devalue. What's the best store of value when you think the market will correct?

>>24604804
I think it is, but not in ways people are expecting, which has been the case for a while now, there have been some really big breakthroughs in biology the last decade or so for example.

>>24604806
Its no big deal, just have to wait a few extra weeks is all.

>>24604804
it's advancing inward. We're getting better at simulating what we want rather than actually creating it.

>>24604236
lol you been watching Bix? ngl, I feel a bit of a zing as well.

>>24604622
Makes sense.

So my Lynas is up 50% in 6 weeks. Do I sell a third of it and go into Abaxx

>>24605124
China is stopping exports of rare earths to Australia. Lynas has a long way to go upwards. I tried convincing my parents to buy 2 months ago, but they're only interested now that it's gone up 50%.... Ffs.

I'm interested in abaxx but don't know anywhere near enough about it to throw anything other than speculative money into it

>>24605382
I’m probably gonna let Lynas run and wait till the new year to sell any. Don’t wanna owe taxes now.

How do I get into geology? Can you guys recommend any books for me to start on?

>>24604804

>>24605391
When i get back from the pub I ll post some good links for you. Geology is a wide and vast subject and eploration geology even more so.

>>24605444
>What people are really implying when they say "that's what they thought 100 years ago" is that, because science has advanced so rapidly over the past century or so, it can and will continue to do so, possibly forever. This is an inductive argument, and as an inductive argument it is deeply flawed. Science in the modern sense has only existed for a few hundred years, and its most spectacular achievements have occurred within the last century. Because we were all born and raised in this era of exponential progress, we simply assume that it is an intrinsic, permanent feature of reality.

>But viewed from an historical perspective, the modern era of rapid scientific and technological progress appears to be not a permanent feature of reality but an aberration, a fluke, a product of a singular convergence of social, intellectual and political factors. Ask yourself this: Is it really more reasonable to assume that this period of extremely rapid progress will continue forever rather than reaching its natural limits and coming to an end?

>>24605457
What are Pan Man's top 3 recommended beers?

>>24605444
This is an incredibly lazy argument and I expect better from you anon.

>>24605509
hmmmmm my current favorite is "Sluice Juice" by Barkerville Brewing company, but i ll drink ales all day long if i can. Ciders are good too but only in a pinch.

>>24605457
Thanks, been reading and watching videos about the younger dryas and and earth history and recently got into precious metals. Seems like there is something special about the science of geology. People that know about esoteric things seem to be geologists.

>>24605896
yea geos and similar types get to see all sorts of odd stuff out in the wilderness, the Scab lands are one of them, the Orbs of the Skeena, the great dead fields of the Yukon are others. Some really odd stuff went down 10 thousand years ago and i am glad were just starting to find out about it.
Heres a very basic intro to geology text book https://opentextbc.ca/geology/ It doesnt go into everything but it will get you started.

>>24604804
I really don't think we do need major new technology for space travel. Maybe you know more about mining and metallurgy than I do, but right now humanity has an adequate tech level to send probes to asteroids, determine if they're worth bringing back to the moon, attaching rockets to the asteroid, and putting it on a collision course with the moon for a relatively gentle landing. The major bottleneck right now is travel to LEO, which again Musk is proving can be done cheaply and reliably.

I've heard the same stuff about the end of science, but I don't buy it. The internet is rapidly making journals obsolete, and it's only a matter of time before all research data is inspectable by peer reviewers, not just finished articles. I'm optimistic on the future of science, ESPECIALLY once we get away from journals and the bullshit gaming people do to get published and protect university positions.

>>24604236
It's not that dramatic, but yes. >>24604298
This is somewhat accurate. What coin/token do you feel spiritually connected to?

>>24605992
here is what science / engineering needs to update. this diagram is the standard milling and flotation circuit for most base / heavy metal mining. It hasnt been updated in nearly 160 years other than more automated management. If this can be made to work in space without issue than were half way there.

>>24604302
Buy both dummy

>>24606088
most of it works by gravity so you just need to spin it, right?

>>24606171
your on the right track, but there are other issues to deal with. A lot of this gear is sensitive to movement, IE if your spinning the entire unit one way, than all the fluid will want to go that way as well, i am sure there are ways to do it, but i ve yet to see any engineers tackle this.

Can anyone give me the rundown on abraplata? Im going to be doing some DD this week. Its a top pick on the sitfolio and its down 30% from ATH.

May I get the obligatory Pan Man miners list/post?

>>24606311
here you go mate

>>24604302
What worries me about crypto is government and if the government hates it so much why don't they just print a bunch of money and buy it all up

>>24606391
Easier to make your own and ban the others for being associated with the black market (silk road was btc's real claim to fame)

>>24606391
>why don't they just print a bunch of money and buy it all up
because the supply is potentially infinite and that would reward people for writing it. When the gov buys something that makes more of it, not less.

>>24606430
Supply is only 21 million, once govt gets critical mass they can sell it off whenever they want to smack down the price like the banks do with silver. It's fiat that is infinite

>>24605469
>Ask yourself this: Is it really more reasonable to assume that this period of extremely rapid progress will continue forever rather than reaching its natural limits and coming to an end?

>implying that we're at the end or can know where the end is

>>24606345
What do you think of abraplata? Its gold ventures top pick and down 30% from ath. Im going to dd this week but wanting to know what im walking into.

>>24606462
oh, you mean BTC, not crypto

>>24606462
Cryptos are infinite. There is a new pajeetcoin every week. Because none of them are the standard for anything and likely won't ever be. If the government bought shitcoin X, then there would be an entire industry to frontrunning the purchases with new shitcoins.
Better to just make your own like I said here >>24606418

>>24606474
I know where the end is but I doubt humanity in general will ever reach it. Scientists see it all the time. The limiting factor kills individuals every day. Humans aren't smart enough to run into that wall collectively though. Nor will we ever be since dumb people reproduce more and live longer than smart ones.

>>24606345
Thanks Pan man.
What was the Finish silver mine you and I spoke of before?

>>24604077
So i have a question for /pmg/. I'm looking to get into some gold but I noticed that in 2018 the gold price started to climb a fat amount and I'm wondering if there was an catalyst for it to rise or if it is just overvalued because reasons. If there wasn't a reason for it then I'm going to wait a bit because it should eventually deflate a bit.

>>24606483
I need to look at them again, its been a few months since I deep dived into them, one thing to note though, they have territory in Argentina, which has recently become hostile to explorers with new regulations on financing outside their borders. If they plan to do any work in Argentina than they will have to raise the money or use Argentine banks to do it, which isnt a great move. Their projects in Chile look interesting though let me get back to you.

>>24606088
Ah yes, the ol' 125 tonner. Yep, got a couple of those in me back yard, I'm totally familiar with how these bad boys work. Mmhm, yes.

>>24606563
Firefox I think or Rupert Resources I think were the ones we were discussing before.
>>24606579 I believe at the time a lot of it had to do with hedging against the US dollar and other market bs.

>>24604236
>>24604622
I got a Silver Eagle in a plastic holder as a gift. It's sealed tight, how can I open it so that I can touch it and feel the energy coursing through it. Would my worldly hands ruin it's properties, though?

>110 ounces
>no gold

>>24606579
Back during the GFC, the Fed did lots of QE.
Then after several years of QE, the Fed started to do QT.
People expected the Fed to continue to do QT.
But as the Fed did QT, the stock market crashed and the Fed started QE again.
Gold went up due to the QE.

>>24606770
It's okay, you'll be able to trade your silver for gold when the time comes. Don't lose the faith!

What's it going to take for gold to finally moon? I want to sell my GOLD already.

>>24606649
Thanks Pan Man.
The stock was at like $0.20 last time we chatted a few months ago. No big deal. These work too.

>>24606912
was there another finnish company we were looking at, its been a while. Maybe a project name to jog my memory? Sorry i cant remember which ones we were discussing than.

futures blood red!
>futures blood red!
futures blood red!

>>24606881
>I want to sell my GOLD already.

>'sell' the medium of exchange

You are never going to make it

>>24607173
>futures blood red!

Not gold futures, surely

>>24607230
yeah, that post was actually meant for /smg, whoops!

>>24607185
GOLD is the ticker for Barrick

>>24605973
>Scablands, Orbs of Skeena, Great Dead Fields

Come on you can't just tease us like that please tell more.

>>24607366
Scablands is easy, its a devastated region of foregone created from a catastrophic flood likely from the breach of a massive glacial ice dam. The"Orbs of the Skeena" are very little known and poorly researched, almost nothing on the exists online, but people going up and down the Skeena river have known about them since before white settlement. No ones sure who made them, but there stone spheres, some up to 5m across on the banks of the Skeena river approx an hour away from Hazelton BC. They appear and disappear depending on river movement and are likely man made, but no one has done any archeology on them. Native bands have stories about this spot going back to their creation myths from the last ice age. As for the "Great Dead Fields" not much is left of them, but back in the 1890s and later, thousands of animal bones were discovered spanning an area of 50km north of Watson Lake. Everything from Mammoths to deer, all dead at the same time. Most of these bones were picked up for fertilizer or manufacturing bone items and not a lot of science was ever carried out before the bones were all but gone in the 1950s. Similar sites though have been found in the russian arctic as well.

>>24607246
Then gtfo

>>24607538
>people can't trade both stocks and PMs

>>24607348
Shit, sorry anon kek. I get worked up easy.

>>24606600
>>24606483

There's an interview with Cruxinvestor where management said that Argentinian mining is very state by state, and they're in one of the best states next to a lot of other mines. Look it up on youtube. Otherwise they have a massive resource iirc.

>>24606579
The longer term reason is that Gold had to consolidate after a big 10 year bull market. The bear market bottomed in 2016 and started reversing.

But In 2018 Jay Powell approached the Fed chair role as a hardass doing quantitative tightening after the US went through 3 or 4 rounds of ever growing QE since 2008. He was doing the right thing for an overly indebted and overheated economy, but it was going to hurt in the short term. After the Christmas crash in 2018 he bent the knee and continued onwards with the QE program, which is very bullish for gold. That started the first leg up for us.

The second leg happened around during the Repo crisis last year, after the first move was able to cool off and consolidate. The interbank lending was seizing up in America and liquidity was shot. It was another symptom that something was deeply wrong with the financial system. Bullish gold.

Our last leg up from March to August was right after they announced QE Infinity, infinitely bullish for gold. We're consolidating now, but we have a lot more legs to go. Fed recently announced they want to let inflation run hot, (although they're failing to get the type of inflation they're looking for), have been flirting with ZIRP and NIRP, and stimulus cheques are likely to be helicoptered out next year.

>>24604804
I just finished reading that article, and although I was going to stop halfway through, I did skim it and decided to reopen this thread and respond to it.

John Horgan is an idiot. He's the worst kind of idiot, the kind who thinks he's smarter than everyone around him. You can tell from the screenshot. The highlighted portions are what I take issue with, but one should read the entire screenshot to see what he's talking about. Here he addresses something which he often hears when he explains his theory as to why science is dead/dying.

The problem is, the statement "that's what they thought a hundred years ago" isn't a counterargument. It's not even a refutation. It's a WARNING AGAINST HUBRIS. Indirectly, it's a request for very solid logic and evidence supporting his position, made because smart people in the past have made the same argument and been spectacularly wrong. That someone would say this to him after he's made his argument implies that they don't find his argument convincing. Now, being upset at hearing this a hundred times isn't itself stupid or a sign of moral or ethical or intellectual failing. It's the second highlighted portion that is signifies John Horgan's idiocy and hubris.

He MAKES UP a counterargument, claims that that is what his "opponents" really mean, and then attacks it (and ironically, fails to make a solid refutation anyway). It's a classic, textbook strawman argument. NOBODY who says "that's what they thought a hundred years ago" means "science has advanced spectacularly my entire life, so it will always be thus". As I said above, it's a warning against hubris. It's not even a refutation of his original argument.

Making an obvious strawman argument like that baffled me, but then I read on and he admits to be a science journalist. DING DING DING, he has no fucking idea what he's talking about. Of all types of journalists, science journalists are the worst.

>>24607612
will do, I am only going off the Argentine governments odd decree from a few months ago to do with mining exploration, I might have missed them changing the rules again.

>>24607642
Anon, please don't take this post as a personal attack. I'm just livid at Horgan. There ARE good reasons to think that science might be at the end of its rope, especially in fundamental physics. However, there is still progress to be made, especially in material science which is most important to engineering projects in the near to mid future. And even in fundamental physics, the work of Wolfram (check out his book, A New Kind of Science, it's fascinating) is pushing the boundaries of what we know about order and disorder and chaos theory.

The worst part is, I think I understand why Horgan is pissed. As a science journalist, incremental progress is boring as shit and doesn't draw in readers. If I were him, I'd be butthurt about science right now too, because it's probably not going to make big earth-shattering changes to human understanding in his lifetime. But being salty about it and making strawman arguments is not the correct move, and if he'd gotten a proper education he'd have known how to handle the situation with grace.

>>24607483
I got chills reading that. I would read your book, like damn those orbs sound like a good mystery. I wonder if the dead fields are a gas events released from ancient ice melting, suffocating all oxygen breathing life for brief periods.

>>24604241
>Literally all you have to do is attach rockets to the asteroid you want then crash it gently on the moon
I'm totally trusting scientists and corporations to be fucking around with the moon. That thing that nearly all life on earth depends on.

>>24604629
Is it too late to get in?

>>24604241
>literally all you have to do is sci fi shit
Ok zoomer

>>24607826
Uranium bull market is in it's first inning. Peak is at least 5 years down the line. If you enter now though expect to be down 50% sometime in the next year and buy that dip. I'm buy some Fission, Goviex, Canalaska, and Western Uranium tomorrow.

>>24607826
http://openinsider.com/search?q=uuuu

honestly, I don't think so, but most have also gone up almost 20% within the past week. Couldn't hurt to start to DCA into $URA as well (nuclear etf). In any case it's just breaking out.

>>24607974
I'll wait for the dip then. Not that I have any dry powder right now either

>>24607745
You should check out randall carson. He's been on joe rogan's show a few times and has some interesting ideas about the younger dryas period which seem dead on, and most people seem to be ignoring what he says and blaming the mass animal death/graveyards and extinction events around the time on overhunting by humans. His theory was that we had a major meteor event in the Arctic that melted a bunch of ice and did massive damage go the landscape via instant flooding. It also explains the mammoth graveyards found around russia that appear to have a number of skeletons of all ages. Also nasa announced about a year ago that they found one of two craters under some glaciers that they thought fit within that time period.

>>24606418
>>24606462
Just crawl the thing and tax the shit out of it

>>24608011
That's the game though, there's no guarantee that it'll happen. We've been through a huge bear market and may be forming a new base above it.

>>24607991
URA seems like a fucked up ETF. Why do they have Sibanye Stillwater and construction and engineering companies? URNM is probably better.

>>24608048
Watched some of those Rogan interviews, absolutely loved them. Especially like the Egypt stuff where he proposes that the original Ancient egyptians had lived there prior to an ice age.

Gregory Mannorino says $6000 AU and $400 AG once dollar inevitably dies.. all of a sudden my $26 avg is feeling better

>>24607974
What are your thoughts on

>>24608120
If you have 10 hours he gives geological evidence for a mid Atlantic mini continent existing during the last ice age and sinking into the sea. Basically the weight of the ice sheets push down on the north american plate and cause the edges to flare up and the azore islands were a mile above where they are today, and when the glacier (rapidly) melted the land rebounded violently.
https://www.youtube.com/watch?v=EZgTN5nCIeA

>>24608120
>URNM is probably better.
yeah you're right. I'm just parroting what people in /smg/ have been for the past day. kek.

>>24608048
Geology agrees with much of Randall Carson's ideas of the meteor impact, especially now that the impact sites in Greenland match up with the utter obliteration of large animal life in the Northern Hemisphere. The Egyptology is a bit more sketchy but thats mainly due to the modern archeological community being a bunch of pig headed idiots who dont like changing ideas. There are all sorts of odd bits and pieces across the globe that make me think we got started on civilization much earlier than we think, and had to start over due to some massive cataclysm.

>>24607642
>>24607706
Appreciated.

>>24607826
I doubt it. There is probably a lot more potential downside from here. I've almost finished my silver miner allocation and I think that train is about to leave the station permanently in the next 3 months. If you aren't already positioned in silver you best be quick.

I think the window for uranium will still be open for some time and I will be continuing to DCA in over the next 6 months.

https://m.youtube.com/watch?v=XAv2xBkLyWM

>>24607974
Botched that last reply.. what are your thoughts on Cameco (CCO.CA). Have 75 shares at $12.5.

I think they are poised to do better since possible deflation would cause export-focused companies to boom.

Headwind is that uranium is about half the price for a lot of mines to be profitable atm.

>>24607612
>>24606649
>>24606790
Ok so there are reasons for the increase. I'll be getting some sovereigns or something else soon. Thanks gang.

>>24605469
>Ask yourself this: Is it really more reasonable to assume that this period of extremely rapid progress will continue forever rather than reaching its natural limits and coming to an end?

While that very well is likely to occur at some point, its all about scale & orders of magnitude. How do we know we're not just getting started? However, one limit we may be approaching is energy. We've already exploited the low hanging fruit & most of what we are using now is becomming more expensive to mine, process, and use.

You are exceedingly correct in stating that the exponential technological
progress of modern history is, so far as we know, unprecedented. And exponential systems cannot continue indefinitely.

>>24606743
You would only absorb its powers, they are not destroyed. Be careful who you touch subsequently though.

>>24606171
>>24606212
>>24606088

Space mining will use a combo of aqua regia and mercury for gold extraction. No gravity needed

>>24608279
They'll 100% do well in a Uranium bull market being the largest producer in a friendly jurisdiction. Hold them as an anchor position in a Uranium portfolio. Like physical silver and gold, or like the Barrick and Newmonts as a comparison, with higher leverage.

>>24608263
kek I legitimately think /smg/ might be the dumbest guys here

>>24608251
Nice I'll put that on in the background while I do other work

>>24608279
Energy companies are the first "safe havens" during economic downturns because they have captive consumer bases. People may tighten their belts if they are forced to but they will always keep the lights on. And forget the US, nuclear is still a good chunk of the energy grid in much of the world.
And these reactors need fuel. And supply is simply way too low. The only thing that has prevented it pre-covid (and moreso post covid) is Japan's uranium stores which are a result of retiring reactors post-Fukushima. There are 7-9 producers pretty much. You can see this in the uranium ETFs.
The rally will be fast and will cause some junior miners closest to producing in safe jurisdictions to go north of 10x as happened in the last uranium rally. This has NOTHING to do with "the future of nuclear". But the major problem is that until that rally it will move correlated to the market and you might get some serious corrections in between. This is something you look towards months or years.

>>24608251
Being from the Azores, that is a really interesting theory, thanks for sharing that link anon

>>24606088
lol no.

they would ship back super high grade ore and put it through communition/milling on earth. having a whole mill up in space is ridiculousthe kind of power requirements for a communication circuit is obscene and not at all practical.

the only way I see space mining happening is to bring down chunks of asteroid to earth.

>>24608557
comminution circuit**

not communication

>>24608557
>the only way I see space mining happening is to bring down chunks of asteroid to earth.

> bring down chunks of asteroid to earth.

> asteroid to earth.


Anon... I.. have we thought this through?

>>24608266
Didn’t he (or Duncan Trussel) say they were digging up plots for highways in Cali and they found and carbon-dated mammoth remains that had incations of human spear/tool cuts dating back at least 90K years?

Fuck Clovis First Theory and it’s unassailable band of dimwit defenders

>>24608592
i just dont see it being worthwhile. there are tons of improvements happening in mill equipment btw. 1-2% increases in efficiency and production make a huge difference, on earth. earth mining is going to continue to be cost effective for a long time.

of course it depends on the environmentalists to some degree

>>24608557
Why not on the moon? Putting the ore at the bottom of a large gravity well seems counterproductive.

>>24608603
Duncan Trussel... meant to say Graham Hancock

>>24608687
Power requirements

>In all of the mining, milling, smelting and refining processes, comminution is by far the largest energy consumer. It is estimated to consume 3 per cent of all electric power generated in the world

>>24608486
Well said

>>24608486
>The rally will be fast
In terms of weeks? Months?

>>24608557
sending chunks of space rock to earth is just as energy intensive and defeats the point of having a resource base in space. We could do it on the moon like >>24608687 is saying would be better but still counter productive. And I am not saying we keep using our existing tech, its just all we have right now that works efficiently to break down ore into its elements. Were going to need a whole new type of processing circuit for doing this sort of work in space.
>>24608603
yes there have been all sorts of odd finds like that, including a possible 15 thousand year old native settlement on an island off the BC coastline, and a 45 thousand year old site found in the New Mexico desert.

>>24608442
Im having fun watching all of the smg NAK bagholders whine and cry as their investment tanks. Maybe if they came here and actually learned how to DD a mining company they wouldn't have made such a shitty investment. Sorry but no sympathy!

>>24608895
Yeah I seem to remember reading an article about a cave in california where they found tools dated to like 90 thousand years ago. A bunch of "scientists" just handwaved it away as not possible. Hawas did the same shit when presented evidence of gobekli tepe when he was spouting off about how egypt did everything first

>>24609020
wait did they buy in again? please tell they didnt. NAK is doomed unless something bananas happens and there allowed to go ahead. Also their being sued https://www.globenewswire.com/news-release/2020/12/05/2140131/0/en/NORTHERN-DYNASTY-MINERALS-ALERT-Bragar-Eagel-Squire-P-C-Announces-That-a-Class-Action-Lawsuit-Has-Been-Filed-Against-Northern-Dynasty-Minerals-Ltd-and-Encourages-Investors-to-Conta.html

>>24604564
Some things change rapidly, other things change not much at all. Look at your toilet, it’s gonna be looking the same in thirty years.

Looking at futures it seems tomorrow is going to be a slightly crabbish day for gold and silver. Platinum: down 21, and I know some of you were talking about it being a potential pickup to diversify a little. Now's looking like the time maybe?

>>24608718
Obviously you'd set up power plants on the moon, either with solar or nuclear. Solar would probably be best because dumping excess heat is always a problem in vacuum.

I just finished listening to The Richest Man in Babylon if you have not heard this book I highly recommend it also protip remember to go to settings playback speed x2
https://www.youtube.com/watch?v=wglndSWrvsM

what will we wake up to in the morning?

>>24609020
lmao hahaha

>>24604241
>attach rockets to asteroid
>move it to moon
>begin mining it
>has little or no ore
>MILLIONS WASTED

>>24604390
Yes physical gold is a good store of value. However you should just hold if deflation knocks all prices down I think

>>24604390
buy BTG, gold won't pay you a dividend that's close to 3% and if gold goes up B2Gold will go up 2x to 5x more

>>24608895
Whats your education background pan man? You dont have to go into specifics, i have you pegged as a geologist personally. Im a bachelors of geology grad and you go into very high technical language of geologic science. Definitely not information someone could pick up without a proper geology education and of not then well done.

>>24609104
They bought, bag held, most of them took a loss and "wondering if its gonna go back up"

I dont feel bad. Every other thread on this board shits on us and im content watching them all.lose money one by one. Im invested in real shit. Not fake shit.

>>24609127
Im not trying to be rude and ive said this before but you guys are all sweating dollar drops here and twenty dollar drops there. That shit means nothing, especially in the grand scheme of things. Some of yall even sweat drops and rises of a couple cents!

>>24609848
second geologist here agreeing. He knows his shit

>>24609884
Ive heard him use the terms "brecciated" i believe and one time he gave a pretty thorough breakdown of the chemical behaviors of chalcodeny.

HAS TO BE A GEOLOGIST

>>24609906
I've met 'untrained' prospectors with that knowledge, but if he's not a geologist he easily could be if he cared to do the years.

>>24609848
I did about 3 years of university focusing on geology. I minored in anthro though as a backup unfortunately though university didnt really teach me what I wanted to learn so I went off back to work for family friends in the exploration sector in northern BC. I ve been doing what I do since I could use a rock hammer, training under old timers and learning to live in camps more than at home. As I got older I was given more important jobs like drillers helper than I went underground at Dome mountain and other small mines learning those trades. I am classically trained as a prospector not a geologist and as a jack of all trades type. I personally believe we would have more amazing mineral discoveries if geos were trained the way I was, but its not for everyone.

>>24609989
You're a gem. That sounds like such a cool life.

>>24610053
it was hard but very rewarding. Following around my dads 70 year old fishing / hunting buddy on the sides of mountains in the poring rain looking at foliations in a rock outcrop, getting yelled at for not filling in the notes fast enough. I ve gotten to see places so few have seen over the centuries and I ve walked with some of the best people to work with as well. Its really been worth it, but maybe eventually i ll spend a winter or two and get my full papers as a geo, but for now i am happy where I am.

>>24609989
I was lucky and went to a good school that hasn't updated their geo program since the 80s pretty much. Good thing was I got a solid old school education with LOTS of fieldwork and labwork. Bad thing is that THEY NEVER TAUGHT US HOW TO USE SOFTWARE.

Im fucked when it comes to finding a job but honestly i fell right into this miner thing anf here I am using my education somewhat to DD mining companies. We make our own paths I guess. Im trying to get into grad school. I want to go into hydro.

>>24610132
You should get the papers man.

>>24604808
Cash. When you have a stock market crash, at least one asset is going to increase, relatively speaking, in purchasing power. Unless you intend to stay in cash for years and years, it's a somewhat tolerable asset to be in while waiting for a stock market crash/correction.

>>24610132
Your knowledge would be a huge in the Golden Triangle sometime this bull market. There's an exploration boom coming for sure. Maybe you could be a geo there. They'd recognise your value immediately.

>>24610247
Hes probably worked for a lot of these companies as well. He mention having something to do with Dolly Varden at one point.

>>24610207
>>24610217
I really should but I really dont want to actually go back to school, I ve been thinking about finding a university that will take my credits I ve already got and see if I can do the work though distance. Also question, did you have to do stereograms by hand? Also igneous petrology was hell, not even our profs knew how to read the thin sections properly. I may call around to VIU or UVIC and see if they do any distance courses.

>>24610247
>>24610270
Already worked all over that region top to bottom, I spent many many seasons in Telegraph Creek, Dease Lake, Atlin, Stewart and all over the place in between. Its some of my favorite territory on earth.

>>24610276
to me thin sections are like core logging. Sheer drudgery. I didn't go to school to wind up doing that shit. Luckily the sheepskin counts for more than that and a little postgrad work goes a long ways to elevate the worker. Somewhat anyways.

>>24609844

>>24606391
Because unlike PM, they can keep mining new crypto out of thin air. It’s literally fairy dust, fugazi

>>24608197
Is this lads book worth reading?

And when he says $6000 gold, does he mean the current equivalent of purchasing power $6000 buys? Because one fiat 'dies', it's useless to price gold in fiat. Only purchasing power equivalent.

>>24610366
I actually like core cutting, you get to see some neat stuff come up the drill and its better than logging the dam stuff afterwords.

>>24608197
he also said today Btc would go to 100k...

>>24610276
>stereograms by hand

WE SURE DID HOLY HELL LOL. I FORGOT ABOUT THAT.

Igmet was pretty bad but it was mostly because the professor was a huuuge douchebag. I emailed him about a month ago (I graduated three years ago) and yep hes still a douchebag. He would re use the same tests every year and had done so for the last ten years. All of the students would use a testbank and get easy A's. I however did not know there was a testbank and would study for weeks just to get a D. I found out the day before the final exam that there was a secret test bank and brought it to his attention and he didnt care. He did nothing about it and he refused to curve because "the average was a B" and i was like yeah you asshole, because the entire class is habing unofficial access to the test answers.

I was so pissed when I talked to my friend and asked him how long he studied for the test and he was like "oh it wasnt bad, only a couple of hours and I got an A" and i was like "what the fuck motherfucker? I studied for three weeks and i got a c. It was then that I found out.

The other thing that pissed me off about IgMet was that there was no reference guide of minerals in thin section. Our textbook was shit and only had one picture for each one. If someone ever made a reference manual with pictures of each mineral in thin section with a few good pictures and polarized ones too they could probably make a lot of money.

I dont blame you for not wanting to go back though. School sucks and making money is much better.

>>24610366
I logged thousands of feet of core in undergrad. Our sedimentology professor was brutal with the lab work.

>>24610897
what bugged me about doing thin section was the two profs who we had on had no idea either what to do with the info to do with the slides, and we all kind of winged it in the exam, with our profs apologizing for not getting us further through the course (we were 9 weeks behind!). I actually redid sedimentology for the same reasons, the prof in that class was an old oil field geo and couldnt actually make good lectures on the subject matter, so he winged it as best he could. The one course I got all the way though with flying colors was field school, which was probably the only worth while part of the whole program.
>>24610915
did you at least get interesting core? we were given old cast off samples from a few hard rock mines with make things interesting.

>>24607173
futures are like -.20% thats hardly anything. gold is +.15%, silver is -.30%

basically flat

>>24610915
>Our sedimentology professor was brutal with the lab work.
at least they got you ready for real life. I logged core for 2 seasons on a hardrock metals mine and then found out the janitorial contractor was making more than me scrubbing shitters so I quit my job and bought her out.

>commodities

Natural gas, oil chads..

>>24606563
I believe the only (primarily) silver mine over here in Finland (as well as the only one in Northern Europe to my knowledge) is the one owned by Sotkamo Silver. But Firefox, Rupert and I believe Mawson have gold exploration in Lapland and Agnico Eagle has Europe's highest gold producing mine near those explorers as well (<40km apart from the explorer properties)

https://www.youtube.com/watch?v=t3DjMVOKGlE

This guy is based as fuck.

best TA in gold/silver

>>24611565
>as well as the only one in Northern Europe to my knowledge
Poland had several really large silver mines. Not sure if they count as Northern Europe, but they're among the largest producers of Silver in the world.

WEll futures went downhill quickly.

>>24611659
https://thedailygold.s3.us-east-2.amazonaws.com/TheDailyGold+Premium+Updates/12062020_

>>24611984
https://thedailygold.s3.us-east-2.amazonaws.com/TheDailyGold+Premium+Updates/12062020_TDG703.pdf

working link

MY STUPIDE FUCKING SILVER IS STUPID FUCKING WORTHLESS

>>24611662
Yeah Poland isn't Northern Europe but good info regardless anon

Posting because there was a smart mining anon who was invested in Eclipse Gold:
https://ceo.ca/@newswire/northern-vertex-mining-and-eclipse-gold-mining-to-combine

>>24604385
>Can travel across the universe at will
>Waste energy on "mining bitcoin"
Cryptokikes are fucking retarded

>>24612519
it's a pasta

>>24604273
>Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value.

Retard alert

>>24604241

>>24608278
>DCA
I've been seeing this more and more lately, care to translate?

>>24612810
Your point about the nature of entropy and spent energy with alternative uses was very convincing. And the inevitability of government fiat and the road to serfdom was cherry on top. A prime example of high quality posting we have come to expect from biz.

>>24613319
Dollar cost averaging. Basically means adding to your positions/assets in intervals to reduce risk of buying the top with all your money

>>24613319
Dollar Cost Averaging. The old definition was to take what you intend to invest and space it out at regular intervals to "average" out price changes over periods of time. It's been proved over and over again that its inferior to lump sum investing (dump it all at once) and is where the adage "time in the market beats timing the market" comes form.
Nowadays it means to invest a % of a paycheck for example every quarter/month/week/year/etc. The idea behind both is to prevent yourself from micromanaging yourself into losses.

>>24613345
Ah ok, so it's like the principle of averaging down. Well I'll share a tidbit with /pmg/, always diversify and never average down on explorers or small caps. The reason Sprott is so rich is that he's the master of this.

>>24613370
"Time in the markets beats timing the markets" is historically true though as boomers could just put money in an index and shut their brain off and get a secure pension. Today of course I believe passive investing and easy money is dead. Gotta be nimble in this economic environment

>>24613551
its still better imo to just dump your monthly investment into stocks when you're in such a huge PM bullmarket. Sure you will be down 10-20% at some point but who care when you'll be 1500+% up in a few years.

>>24613609
Of course. That's what I do too. Wouldn't afford any other strategy anyways. Sucks that I have to wait for two weeks between putting more money in but it is what it is. Also -20% is a bargain!

>>24613551
Any stock exposure should be indexes for 99% of the population. Even most hedge and mutual funds don't get it right.
Commodities still respond to supply and demand even in the eternal ZIRP environment we find ourselves in. And they move in big ways. If you are bullish on commodity X, then it doesn't really matter when you invest in since you won't be able to predict the run before anyone else probably.
Sprott is also someone who can look at a holding at -50% and keep it for months or years or discard it instantly depending on his thesis about the company. Both of those options are hard for newer investors. Commodity cycles are years long with some sectors have supercycles that are decades long. You have to have the stomach for that. And most people don't understandably.

>>24613733
heh, its monthly for me but at least I get to put 1k every 4 weeks.
>>24613751
>mfw I dont feel a single thing when I'm down 50%
Guess that's my reward for being against day trading and everything about usury.

>>24613751
Well said anon. Though I don't agree that 99% should just put their money in indexes and throw themselves to the waves of the markets in the current situation. They'll be buying the top of the largest bubble in history. Instead people should know what they're doing or educate themselves and learn if you ask me!

>>24604390
If you choose physical, remember that there is a spot price vs premium spread right now on most coins and bars. The dealers have a lot more volume and can afford to raise the prices above the spot price per ounce much more than in the past, so if you try to sell, you will most likely have to sell at spot price losing money in the process. You can't just buy and immediately sell back.

Tesla just spiked up, isn't the term "buy low sell high"? This is your chance to get out of Tesla not hold it to the bottom

>>24613808
>Though I don't agree that 99% should just put their money in indexes and throw themselves to the waves of the markets in the current situation. They'll be buying the top of the largest bubble in history.
If you are secular bullish on gold and silver then you are also secular bearish on USD (and thus purchasing power). And this has generally been true since the Fed came into existence. And the point is that if you "zoom out" on the major indexes they "go up" over time even if you buy the top of a particular bubble. Zimbabwe's stock market went to the stars as its currency went into the dirt. IF you have exposure to the broad market (and almost everyone is forced to because of QE), then indexes are low cost, low maintenance, performers.
PMs and PM equities require a fundamental distrust of financial institutions and a hedge against fiat currencies. Most people, for probably the worse, do not have this. If you don't think the Fed are basically criminals, than stocks make sense. And in fact, stocks and real estate are how most can EVER hope to retire with compounding interest.

>>24604876
What's happened is all the major scientific exploits and discoveries about new ways to distill energy out of our environment to work for us have been made, and we are working the little advances for inefficiencies that are left over in industrial processes and otherwise from those initial discoveries. We are at the point where more growth and more energy expenditure to support more population would over tax the environment. Something like quantum computing for instance is not a revolutionary new technology. It will alleviate a tiny bit of computational inefficiency so that energy can be spent elsewhere. We are so good at exploiting the environment and continue to find smaller and smaller ways to do it that we are approaching maximum environmental exploitation

>>24613884
Well reasoned. I agree with everything. Are you the anon with the short options on 10-year treasuries?

>>24614008
No. If I didn't think there was way more money to be made on PM equities I would actually long treasuries. Why? Because I think they will be forced back downward. Maybe eventually even negative. 0% bonds will return a premium when sold if -0.5% bonds are what is on the menu.

BIG news for PGM:

Underground drilling INTERSECTS 23.4 g/t gold over 2.9 metres, including 50.1 g/t gold over 1.0 metre AT THE PUREGOLD MINE
New Potential Stopes Identified Immediately Adjacent to Existing Development

VANCOUVER, B.C. - Pure Gold Mining Inc. (PGM:TSX-V, LSE:PUR) ("PureGold" or the "Company"), is pleased to announce that underground exploration drilling has intersected high-grade gold mineralization near the existing main ramp access. Drilling has successfully extended gold mineralization out from planned stopes, discovered new gold zones that are being integrated into the mine plan, and has confirmed stopes scheduled for near term production.

Drilling results highlights:
o 23.4 g/t gold over 2.9 metres from drill hole PGU-0143; including 50.1 g/t gold over 1.0 metre;
o 10.3 g/t gold over 6.0 metres from drill hole PGU-0150; including 27.7 g/t gold over 1.0 metre
o 13.7 g/t gold over 2.2 metres and 13.9 g/t gold over 1.0 metre from drill hole PGU-0144;
o 14.3 g/t gold over 1.5 metres from drill hole PGB-0179;
o 11.6 g/t gold over 1.9 metres from drill hole PGB-0183;

Full NR: https://stockhouse.com/companies/bullboard/v.pgm/pure-gold-mining-inc?postid=32047754

>>24614070
The guy had them more as a hedge against deflation just in case, 0.5% of his folio only

>>24614120
surprisingly less than i thought was going to show up, but i am not going to complain about 23gpt that close to existing access points.

Pure Gold is going to be a district scale operator, and the more they drill the better they look.

>>24614373
Of note is that the gold is right there in the first meters of the holes. There might be gold like this in many places. The deposit could be even bigger than has been anticipated!

>>24604298
zoomers were raised by the computer, bitcoin was mined by a computer. they feel their own power within the crypto

>>24614120
More news -- it's a good day apparently:

BTU finds visible gold in drill core, core yet to be assayed
https://ceo.ca/@accesswire/btu-finds-visible-gold-in-drill-core-at-dixie-halo

Mawson completes drilling program at Mt. Isa, Australia
https://ceo.ca/@accesswire/mawson-completes-drilling-at-f11-target-mount-isa-southeast

Palladium One discovers 4m of Massive Magmatic Sulphides near surface
https://ceo.ca/@newsfile/palladium-one-discovers-4-meters-of-massive-magmatic

>>24614428
its for sure far larger than they thought and the location of the gold makes sense too. Pure Gold has a lot of ground left to cover, they have another 3 rigs planned for the rest of the winter, its one of the busiest projects in Ontario right now. Historically there have been parts of the Red Lake gold trend that appeared in beyond bonanza grades in patchy blebs scattered near surface (usually 10-20m from surface), this is how the old timers found the district, with outcrops of this high grade gold. I am sure with more drilling a few of these spots will emerge and make the geos cream themselves.

>>24614519
Definitely thinking about adding another 100 shares but I'll have to see... A lot of great projects going on all around. PGM at least is a guaranteed play no matter what. Easy $3-4... Maybe even $5-7

>>24614120
>>24614008
I'm that Anon. Shorting TLT actually, so 20-30 year bonds

>>24614562
>Juu

>>24614562
I think they will get to $6 than level out for awhile, if they hit a wider / bigger ore body later and ramp up than their value will increase as well.

>>24614665
By shorting I mean I own puts

>>24614665
TLT is an ETF or? In any case, you're a smart man
>>24614675
...I don't get it.
>>24614680
Nice. Also, from the NR: "Initial gold production imminent"; "expected lower production costs"

>>24614714
wow thats good news, usually its the opposite. Pure Golds going to look really good in the coming weeks as they begin pouring bullion.

>>24614714
I just thought your ID was funny

>>24614714
Yeah it's an ETF of long treasuries
https://www.ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf
I have a feeling some tail risk funds are also on the same trade. Currently >40k open contracts. The Feb option doesn't have nearly that OI. I'm just mirroring Spitznagel's strategy. Luckily for a small fry like me, their OI draws in algo market makers who I can bait into closing the spread to $0.01. I've been trading my excess "inventory" in and out to lower my cost for the next roll

>>24614856
This shit more than doubled in less than a week, it surely will drop right ? RIGHT ? DROP MOTHERFUCKER DROP

>>24614665
So you’re literally betting against the largest and most powerful central bank on earth who has an infinite printing press

>>24614746
Now as longs as on-site infrastructure doesn't fuck up they'll have no problem exceeding production quotas!
>>24614758
Oh okay. Means "yeah" in Finnish btw

>>24614922
No, I'm pretty much all in on gold and silver. This is 0.5% of my portfolio which will many many x if I'm wrong. My belief is that IF the fed decides that they don't like the forex drop and they say "we are only going to focus on liquidity operations" or something, the long end of the yield curve will go parabolic, pretty much overnight, killing the gold and silver price.

There isn't any way to know what the odds of that are (I think quite low) since this is pretty much a once in a lifetime (or tens of) type of thing. My exposure is 0 and I will actually make a lot of money if that happens. And in the case of the most likely outcome all of us assume, I'm going to have pretty much the same returns as you guys.

Also, these premiums or tax deductible!

Asteroid mining KEK
Space is a meme, a way of taking money from you and at the same time shape your idea of where you are. There's no 'space', certainly not in the way you think of it. All those rockets you've watched on TV? Ever wonder why they fly in a parabolic curve? It's because they need to fly them out to see before they ditch.
>muh earth rotation
Felix Baumgartner went up in a balloon 24 miles, jumped out and landed 24 miles EAST of where he took off. Had the earth been spinning he'd have landed in the pacific ocean.
Space is a complete meme, and people are gradually waking up to it.

Came across the DuckDAO hunters game, does anyone participate it?

Looks like this crypto incubator can provide convenient instruments for investments. Please, share your opinion about it

*landed 44 miles east, not 24.

>>24614931
its all brand new gear and standard milling tech, heck its basically a scaled up version of the schematic i posted above in this thread, I dont see anything going wrong with that unless the engineers were high off their asses when planning the complex.

>Anon holds PMs
>Wants the supply of PMs to decrease or demand for PMs to increase, each acheiving an increase in the value of his stack
>Anon holds stock in PM mining companies
>The mining companies discover more PMs because of the capital anon supplied
>Consequently, the supply of PMs is inflated more than it otherwise would have been, and the money anon makes in returns from his mining stocks is lost on the decreased value of his stack

>Tfw you realize /pmg/ has been infiltrated and twisted against the interests of stack holders and all paper assets are intrinsically worthless

>>24615411
we all just want to increase our purchasing power.

stocks are ownership(equity) in a company. stockholders, as owners of the company, can benifit from any one or either of the following:

a) the company increases in valuation, and the share price(equity) increases in value. the stockholder can now sell his equity for a profit
b) the company can chose to share its profits directly by issuing dividends(shares of the profits from the company, distributed evenly among each share)

Those of us investing in precious metal equities are anticipating increased valuations as we are estimating that the price of silver/gold will increase, thus make the companies more profitable.

>>24613841
if this is the sort of gains that something as financially dogshit as tesla can see - what do you think is going to happen to junior silver miners when the price of silver goes exponentially higher?

>>24615411
and to answer your concern more directly - do you understand the principals of supply and demand?

demand drives the price higher, which incentivises producers to supply more to the market.

Do you expect the world to just sit back while prices rise and say 'oh, we could mine this ore and make a handsome profit, but we dont want to dilute anons 10oz stack'?

>>24615646
something else to contemplate is that we may actually be at the mythical "peak gold" point. No new 50moz deposits have been discovered in the last 10 years, and most juniors are exploring ground that maybe has 5-20moz on the larger projects. If we really have hit peak gold (which i dont believe but hold on) than mines and their product are only going to increase in value.

>>24615759
>something else to contemplate is that we may actually be at the mythical "peak gold" point. No new 50moz deposits have been discovered in the last 10 years, and most juniors are exploring ground that maybe has 5-20moz on the larger projects. If we really have hit peak gold (which i dont believe but hold on) than mines and their product are only going to increase in value.
Add in that NAK got shot down as well. Did we see any action after that announcement other than NAK going -50% that day?

>>24615559
>>24615646
I want the demand to return to what it once was in ancient societies, namely gold and silver becoming the most commonly used currency again. ((I don't want miners to produce more gold and silver when that happens.)mayb delete) Plus, if what you're saying is true, why can't I get the same amount of gains on such a massive shift in valuation from a real asset/commodity like gold and silver rather than mining stocks, which are ultimately a paper asset that you have to trust someone else to follow through on? All paper assets are just debt, in varying degrees of risk.

>>24615759
Again, I could acheive the same % returns on holding physical instead of paper if we are so close to exhausting new supply. Mining companies are only valuable so far as they can continue to provide more metal into the markets. After that they're done.

>>24615838
let me check its been a week, but yes NAK was going to be a major strategic resource for the US, with it basically dead in the water a lot of other projects are going to be looked at as replacements or safer bets. All those idiots at Northern Dynasty had to do was make a muted open pit, make it as safe as humanly possible for the environment and they would have been on gravy train for decades, now all that works undone because they got greedy and turned even hard line miners against them.

>>24615559
>>24615646
I want the demand to return to what it once was in ancient societies, namely gold and silver becoming the most commonly used currency again. Plus, if what you're saying is true, why can't I get the same amount of gains on such a massive shift in valuation from a real asset/commodity like gold and silver rather than mining stocks, which are ultimately a paper asset that you have to trust someone else to follow through on? All paper assets are just debt, in varying degrees of risk.

>>24615759
Again, I could acheive the same % returns on holding physical instead of paper if we are so close to exhausting new supply. Mining companies are only valuable so far as they can continue to provide more metal into the markets. After that they're done.

>>24615759
>last 10 years
exactly when prices have been absurdly low for the longest period. Would mean too few exploration projects get funded

>>24615069
>>24615124
Big if true

>>24615925
I guess the ideal endpoint in your point of view is every single plot of land, even the most pristine scenic parks, with high concentration of PMs in it is bought up and exploited. I say the current amount of circulating gold and silver is enough to serve as money

>>24615908
>Plus, if what you're saying is true, why can't I get the same amount of gains on such a massive shift in valuation from a real asset/commodity like gold and silver rather than mining stocks

mining equities are leveraged to the price of the commodity that they are mining. as the commodity rises in price, the potential profits of the company rise exponentially. this is of course assuming the company has good fundamentals. its pretty simple business and finance.

no one here is shilling miners to you. if you are not comfortable with the risk, thats fine. physical alone will be enough to grow your purchasing power. but some of us are looking to make life changing gains.

>>24616069
I'm just saying that the low price of gold relative to other commodities/goods would automatically imply that there is a low amount of investment in gold production relative to other commodity production/goods production. Assuming "peak gold" because large gold deposits haven't been discovered precisely when the market is saying it doesn't want people to spend capital looking for large gold deposits isn't smart.

>>24616138
>leverage
>potential profits
>assuming the company has good fundamentals

You can spend your money on the paper assets and leave the physical to me. I'm fine with that

>>24616156
But for now, in real terms of low discovery rate, we are nearing peak gold and that state in the market will persist because markets have a certain amount of inertia, especially 10 years of inertia

>>24616262
>You can spend your money on the paper assets and leave the physical to me. I'm fine with that

will do anon

>>24616337
Based

>>24616337
I'm quite hesitant about buying this one right now, it went up way too fast, it will surely drop a bit right ? Also how much did you put into it.

>>24616465
Also went up without any news or insider action. The company came out with a NR that they aren't aware of anything related to the price surging like that. Either the market began valuing the stock more all of a sudden or a whale bought in. Might also be a P&D.

>>24616465
i am honestly in agreement, its gone up too fast with no news from exploration or to do with corporate. They have the ore, they have a mill that needs upgrades, and they have a good team, but they now have to wait for underground qualified men and drills to be available, they were late to the party this year in planning.

>>24616337
It's all on paper until you sell.

A month's worth of minimum wage (~$12/hr) is worth about 1 piece of gold right now. A rich roman land owner earned about 1/4 of an ounce of gold each month.

Tell me, would rather worry and fret about how long to hold your bag of mining stocks to wait for them to go up more when the real assets underlying their success go up or buy up the actual physical asset?

>>24604236
here. silver and gold are good to protect yourself from some mindcontrolling techniques. i'm far away from being an expert on mind control, remote memory injection or telepathy but i sometimes receive fragments of transmissions. it's crazy shit. it's like someone turns on a tv in your head. there are scenes, clear like a tv show, with people talking about some shit somtimes in different languages. if i want to turn it off i have to grab a silver coin. otherwise it's harder to make it disappear. if i just wait the scenes disappear after a few seconds. does anyone here what that shit is?

>>24616561
>A rich roman land owner earned about 1/4 of an ounce of gold each month.
Damn. So you be sayn

>>24616635
I'm sure if you saw it in the context of other /pmg/ anons talking care free about it instead of attacking your precious jewed mining stocks you wouldn't think twice would you

>>24616561
the problem is you dont understand people can do both. I own stocks but I also have 500 oz silver and 600g gold. Of course if you just started and dont have enough capital, physical is your priority as a defensive position, then you can be aggressive with stocks and small caps.

>>24616671
>>24616561
Based, people who “invest” in miners hoping to make a profit are dumber than rocks. They don’t realize a company’s profits have absolutely zero correlation with the stock price of said company

>>24616675
Understand what they have done. They have taken your interest in a real asset, something you have direct control over, and they've warped and twisted it into an abstract clause on a piece of paper, yet you still think you have some control over it. Don't you see how sick it is and how far their tricks go? We have to stop it NOW! We need to return to tradition and things that work that we don't have to worry and watch everyday to know that they are going to work and we can depend on them. It's all trying to suck you back into the seething inconcrete, amorphous, methods of control of your mind and existence on this earth.

>>24616561
literally no one here, including myself, is trying to stop you or tell you what you're doing isn't a good idea. it is. but stop trying to rationalise how miners are a 'scam' just because it doesn't fit your appetite for risk.

>>24616465
i have quite a large position, at a cost basis of $0.065, so theres a lot less potential downside for me now then there would be for you, at this price.

i would look at something nice and cheap like vangold. very good fundamentals.

>auctioned $20 st guadens ms63 for $2090
>ship via registered mail
>eBay takes $209
This seems about normal. What’s the point in auctioning right now when it’s barely above spot price? Am I just retarded?

>>24616561
>Tell me, would rather worry and fret about how long to hold your bag of mining stocks to wait for them to go up more when the real assets underlying their success go up or buy up the actual physical asset?
Why does it have to be one or the other? Why not have physical for safety and stonks for stonks?

Vote Moot in honor of Mootykins. He almost MADE IT. Only 2 hours left to go, got to secure that position. The artwork will be turned into an NFT.

https://twitter.com/mrjberlin/status/1334896242170720260

>>24616773
I already have 500$ in vangold, I was looking for a 500$ entry point into klondike since I feel like silver is going to rise quite a lot in late december/january. With the current rise , I might as well just put another 500 into vangold and consolidate my position. Sad to miss such a good stock though, not everyday you can find a low penny stock with good fundamentals.

>>24617017

>>24617080
>>24617017
how is this PM related?

>>24617027
Look into Blackrock Gold if you want a potentially undervalued silver equity. They've got two Au-Ag properties in Nevada, otherwise known as the Silver State

>>24616829
I suppose it's sort of a metaphysical thing. It's about making the material mean more than the immaterial. They want you to be concerned with immaterial things that they actually have control over. Control the things that actually matter, the material that matters, to you and those directly related/closest to you. The rich manipulate you to get the material they want, you should manipulate the material to help the people not the other way around.

But muh funny stonks meme that definitely isn't cia funded psyop to get zoomers to use robinhood which crashes at just the right times during crashes so they're stuck with the bag at the bottom

>>24617017
>Vote Moot
NEVER

Pure Gold up 3% instantly at market open, I bet it hits $2.50 USD by Dec 31st

Dolly Varden Silver just gobbled up yet another set of private claims at Alice Arm, this time its the Tide Water Prospect just west of town. Yet another extremely tasty zone that hasn't been explored since the 40s.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/681-tsx-venture/dv/88985-dolly-varden-silver-acquires-strategic-surface-rights-on-tidewater-at-alice-arm-bc.html?utm_source=newsletter_979&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y

>>24617017
>>24617080
>>24617230

Notice how they're already trying to derail

>>24617179
While I agree that ultimately it is what you own what really matters, but if you can turn a profit when you're young so that you can actually acquire that important physical, tangible property later on in life (so that you're safe and self-sustaining economically) then why not go ahead and do so? I don't even have the space for some of the things that I might need in the future, I live in a small apartment. It makes perfect sense to me to acquire intangible assets and sell those assets at a higher price so that I can accumulate capital for those important future purchases.
Also
>robinhood
I'm not even American but I still know that that's a massive meme
>>24617244
I hope you saw the News Release anon!

>>24617244
Bought 1000 shares of PGM 6 hours ago, feeling comfy.

>>24617354
smart choice anon, one of the safer bets out there. Easy money

>>24617342
They just need enough tolerance in your mind to these things to get a foothold. That's what interest is. It's material, but it's almost intangible. Now they have things that are completely intangible financial paper assets and people don't give a shit, just like they never gave a shit about usury.

>>24617332
Sorry anon. Also, we're about to breach 1850. Very bullish for gold.

>>24617421
>completely intangible
Just like cash right? Except I guess stocks are not entirely intangible, after all you gain a tiny piece of ownership as well as voting rights. Same goes for shares of a housing condominium, you get ownership and right to vote in the condominium.
>usury
Bloody hate debt but taking a loan was the only way I could've bought this apartment. Debt is a necessary evil

>>24617318
fuck this is why i shouldnt be allowed to read emails in the morning, Dolly Varden bought land rights at Alice Arm for their camp, not the Tide Water Prospect. Misread that, because of pic related.

>>24616337
>>24616465
>>24616519
Aha, here comes the doompf! Knew it

just buy iron

NY reminding Europe an pj traders that they are absolutely retarded

>>24617543
Cash is most intangible, stocks very slightly less so, and housing condominium even less intangible; strangely, all of those things including the ultimately the cash involve voting. Interestingly they are all things that take you further away from direct ownership of the property including the condominium which is still serviced by the property owner of the whole complex.

>>24616753
>They don’t realize a company’s profits have absolutely zero correlation with the stock price of said company

>>24617586
it went up right away. I'll just buy vangold, fuck this shit, I'll buy next month no matter the price by then.

looks like today's a good day for PMs

>>24617702
You think he's stupid, but it's true. That's just another way stocks have become even more intangible than they used to be. You used to have ownership of the company which meant getting a regular return in the form of dividends. Slowly dividends got worse and worse until now, when stock prices move based on the SPECULATION of FUTURE PROFITS and FUTURE DIVIDENDS.

LUNA

>>24617354
nice! bro how do you buy when the market is closed, what broker app?

1860 on no apparent news. Bullish.

is the internet full of bots?

>>24618420
I bought on german exchange through interactive brokers. I am europoor.

>>24618642
Query ridiculous. We are all carbon based lifeforms here. How do you do fellow human.

>>24618642
I think this >>24618244 is a bot that got short circuited by my nuclear level redpills. The posting has really slowed down too, which is suspicious.

First majestic announces 1% dividend. Mega bullish

>>24618779
Kek you're the retard who said company's stock don't relate to profits. No further replys are necessary after that.

>>24618805
It would have to be 10% at least before I would consider owning it instead of the real asset underlying its operation, because 10% of the entire economy is the amount the 0.001% are stealing every year from all of us based on the chapwoodindex.com

>>24618912
There is currently no real incentive (high enough to offset inflation) for most stocks to be sold or bought when that incentive decreases or increases. Many companies don't even have any profits (zombie companies) let alone incentives/dividends. Nice try but simple name calling doesn't negate the truth, bot

>>24618805
nice! this helps explain the insider buying recently

>>24618997
Tbh I only consider the chapwood index valid for cities since it takes into account the actual retard-tier inflation rates that property and rent prices incur
Suffer not the urbanite to live

>>24618997
>Many companies don't even have any profits
Gold miners do. Nice try but goalpost shifting doesn't negate the truth. NPC

Nice boost today lads. Post some old American treasures.

>>24619109
You just shifted the goal posts, literal retard. We were talking about stocks/companies in general not gold miner stocks

Recently bought an old spanish 8 reales that was recovered from a shipwreck.

>>24619202
that's cool, what did it cost?

>>24619150
Confirmed NPC
>>24616671
>>24616337
>>24616138
did you forget we have IDs or are you an actual real life brainlet?

>>24619261
$200, it was originally put up for $350 at my lcs since last year, it came with paperwork that I left at the shop, when I bring it home ill provide more info.

>>24619285
What?

>>24619139
>>24619202
Nice! I like to see anons poasting stack. Not gonna post mine, myself. I'm sure a lot of other posters don't either for obvious reasons.
>>24619303
Did they lower the price because it hadn't sold all year?

>>24619202
Very unusual and interesting shape even for a cob, condition looks uncannily good for a saltwater wreck recovery though so you should definitely grab all the paperwork for it if you want to maintain resale value. As a 1717 I'm wondering what wreck it came from? Cool score anon.

>>24619424
You're just hammered aren't you. Go to bed idiot.

>>24618779
kek. beep boop. ;)

>>24619478
Yes I'm completely hammered! Zonked out of my mind! Look deep into my eyes...

ANOTHER LEG HIGHER
RESISTANCE AT 1880. HIGH VOLUME DAY BURSTING THROUGH = HIGHLY BULLISH

>>24619424
Probably not, I do a decent amount of business with them, I suspect they lowered it because we have built rapport over the last several years, I have never had a relationship with a business like that before and I'm grateful to know them and support their shop, I would have paid the full price if they wanted, I just didn't have the chance last year because when I started trying yo accumulate metals covid 19 had fucked everything up.

>>24618779
>The posting has really slowed down too, which is suspicious.
i often pause browsing to do some shit and then i continue browsing later.
the thot bot is funny but the others are annoying especially the q tards shilling bots. do you have problems with shadow bans too? all my schizo posts never get replies. >>24616564 imo the post i answered was a bot post too. >>24604236

>>24619618
This is very antisemitic

>>24619434
Thanks, when I get the paperwork for it I'll post it again with relevant information, the shape of it is what attracted me to it.

Can someone redpill me on manganese?

>>24618779
why the yellow highlights in your picture? i read some articles about ruby ridge and waco and that the same asian sniper was involved in a questionable manner.

>>24619640
Hey that’s weird I have been getting flashes sort of like what you describe, but am searching for a way to amplify them. Any ideas?

>>24617702
Go ahead and explain why Tesla and many other companies stock prices are skyrocketing as their real profits are decreasing. I’ll wait

>>24619640
I think most of the schizo posts I made were seen by at least a few people, but I've posted very little in the past few months so it may be I'm not on the list yet. I saw >>24616564 before you mentioned it when you first posted it. The other could be a bot, but it's so simple it's hard to tell

>>24619698
It's just because I forgot to close the ctrl+f find function in my browser when searching for currency in that book. Just sort of too lazy to go back and redo it.

>>24619724
He didn't say anything about flashes, don't try to give us schizos a scare.

>>24619754
Based

>>24619754
Becuase it's a glow nigger shell company just like Amazon and many others.

why?

>>24619434
God I love ancient coins. None of the autism of modern stacking.

How's Bayhorse going to move today with silver's 50 cent gain?

>>24619785
That’s not an answer, thanks for admitting defeat

>>24619836
I'm always unsure whether to leave my stack in pristine condition when I add new coins and bars or carefully handle them with sterile cotton gloves. With ancient coins you just roughly handle them pour them, shuffle them, clink them, bend them, whatever. Btw, where's bent bar anon? It's stress releasing to see that bent bar

$gdxj +3.7%
$gdx +3.26%
$gld +1.5%

Miners leading = bullish

>>24619724
the mindfuckery? try eating unhealthy and way too much and go to bed as late as possible and sleep during the day. i watch a lot of tv shows mainly news. every time i reduce or restart these bad habits the mind injections come.
do you know what made me suspicious? the paragraph i just wrote is nothing i would approve. idk what triggers it. idk what exacerbates or weakens it. observung subconsciousness things is tricky. all i know is sometimes i hear it while lying in bed. what made me type the first paragraph wtf? i just typed and didn't really think about that.

>>24619900
I'm not that anon, and it's THE answer, I'm not trolling.

>>24619918
Nyea!

>>24619918
Yes, that’s why I like ancients so much. I like being able to pick up the coins and toss em around.
Dunno but I’m missing him too bro.

>>24620020
Ahhh that's nice

Btw how do I remove embeds and put links in a new bread?

>>24619772
>flashes
i thought he meaned it were suddenly happening mind injections. like thoughts popping up. i'm glad i'm not shadow banned. shadow banning and ai crafted answers to one's posts (to make him believe everything is cool) could result in problematic reinforced learning cycles. like hiroshimimoot places trigger words in a database and every the trigger is hit the bots argue with you, give you contra or try to "debunk" your claims (technically possible in primitive ways because some debating techniques require no understanding but grammar skills. like "carrot cake is best cake" --> "carrot cake is for fags" or just "no, it's not").

>>24619836
>None of the autism of modern stacking.

Trvst me anon, the capacity for autism goes up like 1,000% in the realm of Ancients. When you set your sights on learning and collecting all you can from some obscure forgotten little ancient polity or learning how to read ancient Greek it can keep the 'tism busy for a lifetime. Much more "space" to play in compared to stacking Asahis or collecting full mint and date runs of more recent coins.

>>24620086
Delete
>[Open]
when copying and pasting the links

>>24620020
Based. What cal did you punch that with?

>>24620172
im retard this is all I see when I copy the OP and when I select share on youtube it just looks like a link

>>24620228
Bought it like that on ebay. I saw it and had to rescue it.

>>24619772
>>24619925
>>24620129
When I am sleep deprived I occasionally have sudden memories of what I have always assumed is a past life. My latest memory was of standing at a dock looking at a ship, in what I assume was early 1900s

>>24620172
>>24620235
Well, this is as good as I can get it. Not sure how it works

>>24620388
Uh oh you got killed on the titanic lmfao.

who's baking

Ok one last post to get the total posts up from 333 to 334 and then I'll post new bread if I don't see another message in 30 seconds correcting any mistakes

bruh what the fuck is encouraging the bull run

>>24620153
Jokes on you, γινωσκω η κοινος ελληνικός.
Sorry, my vocab is limited and my sentence construction sucks.

>>24620388
>My latest memory was of standing at a dock looking at a ship, in what I assume was early 1900s
that's cool. my "scenes" feel often threatening or dangerous and moralizing. nothing funny or exciting. i bet it has to do with mind control. people around me often stop every conversation about structural fiancial problems (debt monetization by the fed/ecb, negative interest rates, dangers of cbdc and mmt)

>>24620452
is that benjamin blümchen?

>>24604077
Someone bake god damnit!

>>24620596
>>24620596
>>24620596
>>24620596

>>24620921
i baked once and everyone insulted me. never ever.

>>24621092
Me too don't worry about. I just did it and nobody helped correct me in this previous thread so it's not my fault anyway. Plus the guy who insulted me deleted