/biz/ - Business & Finance

FWTDHWAHQUD status--{still in bed}

bitcoin is NOT a store of value.

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 difficult to use(relative to other mediums)

>>24725021
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.

hello frens

>Impact Silver - Mexico - 122 MC silver/lead/zinc/copper/gold
>Dolly Varden - Canada - 95 MC gold/silver/copper
-----
>Canada silver cobalt - Canada - 63 MC silver/cobalt/nickel/gold/copper
-----
>Vangold - Mexico - 22 MC gold/silver
>Klondike - Canada - 24 MC - silver/lead/zinc
-----
>Denison Mines Corp - Canada - 368 MC - uranium
>UEX Corp - Canada - 88 MC - uranium/cobalt/nickel
-----
>Bannerman Resources - South Africa - 75 MC - uranium
Rate my PF. Didnt take position in everything yet, most are still in wait for fund. Poor wageslave.

>>24725128
based as fuck. how much capital you working with? im glad i got in KS early, just a shame i couldnt get more at the time. vangold still very cheap however. im hoping uranium cools down for a few months and gives me a chance to get some capital across my favourite small caps. BMN is one of them.

Does anyone else find it amusing that cryptotards use gold to indicate that their crypto makes them wealthy?

>>24725021
>>24725034

Does anyone else find it amusing that cryptotards use gold to indicate that their crypto makes them wealthy?

>>24725021
>>24725034
Saved

>>24725047
Hello gold fren. What is your next gold purchase? I am just awaiting for 2021 bullion sovs to go on sale Jan 3rd.

>>24725267
bought this yesterday, for the forseeable future i think 20 Kronen Österreich or maybe a 2 Rand SA

>>24725249
yeah, It's also really funny when they make fun of people using "fiat" currency despite the vast majority of crypto being fiat itself.

>>24725298
20 kroner also on my list. Long live the beautiful coins of Republik Osterreich

>>24725192
Im already in Vangold, but need one more gold position to complete my PM holdings. Any suggestions of what to look into? Something with a small - medium mcap ideally

Also I can't decide whether to buy 1 oz plat or a half ounce of gold

>>24725350
I buy whatever is the cheapest, ideally under 1% premium. If I would go just for beauty I would stack Vreneli and St. Gaudens Double Eagle, but those are 6-10% where I live.

>>24725352
I havent been able to find anything of equal value to vangold, which i actually consider to be just as much as a silver company as a gold company, considering the immense amount of silver which has been produced from the mine in the past. I personally dont like diversifying for the sake of it, and am very happy with my current allocation.

I swear ive seen more than half of the above posts before

>>24725383
I'm going on an NGC binge at the moment buying slabbed modern sovs. Premiums are galactic but I don't care, I'm rich and I fukken love slabbed sovs!

>>24725475
your choice fren, but remember in the end, Gold is Gold and graded modern coins will most likely not hold their premium in your life time.
Whats the premium you would get if you sold this King George to your dealer where you bought? Will he give you more than just pog?

>>24725494
Its ok, my slabbed coins are not part of my liquid bullion savings. They are for my son (7yo) he will inherit them. Market value for a slabbed pf70 proof is usually 2.5 x spot or thereabouts. I paid £350 for that half and £700 for the full. Getting the double next month.

>>24725192
I've 40k physical PM and just started investing into miners. I've like 3k5 into the PF right now and adding 1k every month. Impact and Vangold are my biggest holding and I honestly love them. Impact is already a producer with big upside while Vangold potential is huge. I also love the fact that VGLD give you update nearly every 2 weeks, their communication is top notch. Missed KS windows entry, kind of sad but that's how it is, waiting for next month to buy. I didnt touch uranium yet as I'm focused on silver for now, will probably buy starting March since PM will be too trendy at that moment.

>>24725551
Hefty premium, you could have given your son (atleast its not a daughter!) easily double the amount of pure gold. Not sure if that will play out, might aswell buy a few pre33 us coins or even old queen victoria Sovereigns instead.

>>24725475
Spend your money as you wish, but it's a waste in my opinion. It's like those guys who put bullion queens beasts in ngc slabs, you're collection gold, not patterns on a coin.

If you are going to buy something slabbed then at least get an early date sov like the 1822 or those shield sovs which are actually collectable because that are over 150 years old.

>>24725591
I am going to build a mixed bag for him over the years but every year between now and my death will include a pf70 proof sovereign set 1/2, full and double as well as silver bars, bullion gold and crypto. I imagine him dealing with my funeral 30-40 years from now and being given the bullion chest and seeing all those gold coins. He will always know I looked out for him even when I am gone.

>>24725021
>>24725034
If you want to dig into this line of thought, I suggest reading this -
https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf

>Bitcoin can’t be a store of value because it has no intrinsic value. It can’t be a unit of account because it is too volatile. It can’t be a medium of exchange because it is not widely used to price goods and services. These are the three properties of money. Therefore, Bitcoin can’t be money. But Bitcoin has no other basis for being valued, therefore it is valueless. QED.
>I call this argument, semantics therefore reality. What could possibly falsify this? It is, at root, a claim about the material world; about what will, or in this case won’t, happen in real life. And yet it looks rather like it relies entirely on the meanings of words...

>>24725601
Its a numismatic hedge. You dont think a ms/pf70 gold qb will sell at an astronomical premium?? It will. Check the auction results.

>>>24725551
>(atleast its not a daughter!)
Based

>buy a few pre33
Redpilled. Get the coins that were supposed to be handed in but never were. Indian head and the double eagles (st gaudens) are def kino.

>>24725128
an excellent mix of juniors and mid tier producers, you sir have done your homework i see.

>>24725664
It does sell for a premium, I'm not denying it. Still a waste as we both know those bidders are amateurs for paying for a bullion coin with no limited mintage. You have to account for the fact that someone (because it's for your son) in 20 years will buy it for a similar premium. Also, how the hell do you even store 10 oz in slabbed coins? That must take up half a room.

>>24725793
The slabs are tiny! I'm actually having annual presentation cases made for my sets. Going to get 2020-2030 made in advance. At least proof sovs have limited mintages. Only 7995 from 2020 onwards and only 60 were graded pf70. In 40 years maybe they will do quite well, who knows. For every slabbed coin I buy, I get 10 x the bullion.

>>24725350

>>24725859
10/10 kek.

>>24725793
Inflation supposedly has an 18-month lag time between currency creation and price increases to account for the newly printed currency.

How screwed will no metals be by this time next year?

>>24725672
thanks fren, in the same category as pre33 coins I think you can also buy the 2 Rand South African coin, its from a time where SA was actually a nice place, has the same alloy and size as Sovereigns, considered to be the smaller brother of the generic Krugerrand and can be found worldwide.
Also it is much cheaper in premiums compared to pre33, I can pick them up for 2-3%.
Other honorable picks are 20 Reichsmark, pre Elisabeth Sovereigns, swiss Helvetia and Vreneli, russian empire gold coins and soviet chervonetz Чepвoнeц.

Speaking of astronomical premiums!!! Look what just arrived from Germany! 1/20 and 1/10 2020 libertads. Cute!

>>24725021
Didn't read, still buying crypto

>>24725128
Of the ones I know:
DV is a good, relatively safe exploration play with property in a good area. A lot of potential upside.
CCW I had before but sold due to greener pastures elsewhere... They've been very quiet on the news front but have great potential if they manage to define their deposit. That said, they also might not find anything. Risky speculative pick.
Vangold is a nice pick which I actually want to get into some time. There's no telling how much gold and silver they're going to find in that old mine and they've just scratched the surface. Great potential, great pick.
Klondike Silver... Haven't done any DD yet but they seem like a risky asset, plus according to Pan Man they drew the short end of the stick when it comes to getting workforce. They're late and cannot explore their property well enough thanks to that. However, they might have a big deposit just sitting there.

Haven't done any DD on any of the other ones yet. Your folio seems a little bit too focused on silver if you ask me, nice to see uranium and some base metals exposure though. I would get into gold miners more if I were you and make sure you get into relatively risk-free companies that have well-defined deposits (or extremely prospective projects) in favourable jurisdictions.

Found the DuckDAO hunters game, does anyone participate it?

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

>>24725648
>If we change the definitions of the words in economic laws, that means we can just ignore economic law/human nature all together!
Bitcoin will never be a method of exchange because it's supply is permanently contracting and everyone has the option of trading other commodities/coins that aren't. The only value of bitcoin is in exchanging it.
End of discussion

>>24724935
what went so horribly wrong?

>>24725904
>How screwed will no metals be by this time next year?

Very screwed indeed. My banker friend expects there to be more deflation as people are unemployed and won't spend any money. Asked him about the effect of Bbbbbbrrrrrttttt and he said it won't happen. Still doesn't account for property prices and stupid stock valuations like $100billion for faggot AirBnB which owns absolutely fuck all.

The guy who wrote the book The Ponzi Factor is probably right, stocks are a ponzi and it's only best to get in after a crash (when the normies sleep) and even then buy dividend stocks.

Gold and silver are destined to be money once again, the ptb want to escape this truth but they can't.

>>24725648
>https://allenfarrington.medium.com/wittgensteins-money-7cac8d0635cf

fuck me this is a painful read.

>>24725034
Brainlet take.

The value in and of itself is the consensus mechanism. It's a universal clock. AI will transact on it. Will AI use gold? No. Will they want to make gold jewelry? No. Let go of the past.

Suggest reading this https://medium.com/the-bitcoin-times/bitcoins-eternal-struggle-2c197f1bafd8

Just started stacking gold coins with my monthly salary and it is supremely comfy. Is this what real savings feels like?

Buying 7 ounces of gold a month roughly now, with the remainder going into silver ounces if I can't get enough for a full ounce.

>>24726328
Yeah, fucking dumbass. A properly designed AI is going to look at what it finds valuable and not the humans that are the only things that actually consume. History is dead

>>24725776
thank you very much, seems like I wasnt completely wrong then, that ease my nerves.
>>24726239
I bought CCW in early September (bought at the top desu, didnt think silver would consolidate that long). They didnt move ever since, my holding is pretty small, 500$, so I'm fine losing it. I'm keeping it for the potential biggest silver quality in the world but mostly for the cobalt too. Won't sell for a few years but won't add for a long time before they at least give us some news. 6 month without news is clearly a lack of respect, holding cost is pretty high if I decide to add so its on-hold for now.
Didnt get into klondike yet, I was clearly happy to enter at 0.075 but its now at 0.115, way too high for my taste. I may throw 500$ at it next month and hold it like CCW just to see what happen but the lack of news isnt reassuring. I may just throw things at uranium instead. I already have 30k in physical gold so I'm looking for leverage, that explain the silver focus on miner.

>>24726239
one other thing to consider on Klondike before I actually go to sleep if I may, Klondike has a defined ore body written up in the 1950s, but its not 43-101 compliant, so they need to drill the ore body to upgrade what they already know. The ore there also goes to great depth within the mountains, some areas its believed to be basically solid lead zinc down to 700m with a width of some veins being 15m wide, but as the old Kooteny curse works the deeper you go the lower the silver grades get. There are however massive "blebs" of high grade ore scattered across all depths within the vein structure and host rock, likely generated from later epithermal activity. These will be major targets to go after, some of these when mined at the Payne mine produced 20,000ozpt Ag. Klondike will need major drills for this work, not those quaint little Hytech 5000 rigs, Longyear 44s will be needed. Underground drilling at depth will likely needed as well to properly infill the vein structure maps. Its a lot of work but i believe Klondike has the team to do it, weather or not they have the money though is another problem.

>>24726328
>The value in and of itself is the consensus mechanism. It's a universal clock. AI will transact on it. Will AI use gold? No. Will they want to make gold jewelry? No. Let go of the past.

>MUH AI
>MUH AI OVERLORDS WANT MY VAPORWARE NOT COMMODITIES

the lengths that gamblers go to to justify their beliefs, kek

>>24725648
>>24726328
Look at the extraordinary lengths crypto niggers go to to convince themselves their vaporware is actually real.

>>24726375
I think you could maybe wait even longer and see if KS goes down due to weak hands. Unless big boys are consolidating the share in earnest of course, in that case do get in asap.
>>24726402
That is mighty convincing! I'll have to peg KS up a bit in my backlog, see if I have space in my folio for another fine microcap

>>24726499
well the thing you have to take into account is that the chance of silver going higher in jan/feb is extremely high, most TA analyst are saying the same thing. Even DV CEO said yesterday in a ITW that he expect silver to be at 42 by the end of Feb. That's why I'll probably just throw 500 early jan and wait to see if I have to invest for real or keep it as a speculative 500$.

>>24726499
watch them carefully though for news, these guys have been really quiet and its bugging me. Its likely because they didnt get much done this season being so late to the game in 2020 but it could be other reasons we dont know yet. For further info on the areas history, here is Bill Barlee, Legendary BC historian going over the area. https://www.youtube.com/watch?v=Em_rJPP-qDI

>>24726278
kek

>>24725047
That's fugging beautiful

>>24726278

People in this general actually think JPM is actually going to let gold moon or cant do anything to stop it.

>>24726569
Imagine coding this bot

>>24726620
enlighten us, how can JPM, or anyone for that matter, suppress the price of physical Gold and Silver?

>>24726268
That's literally one point of the article, we can't blindly follow 'economic theory', we have to acknowledge reality.
>deflationary = untradeable
now this is a brainlet take
>>24726308
it is, I'll admit that. I think it does a good job of explaining why outright dismissal of bitcoin based on this logic >>24725034 is too rigid.

>>24726713
>we can't blindly follow 'economic theory', we have to acknowledge reality

>>24726692
Even with the premiums on physical, PM prices are still largely set according to its derivatives, i.e. Comex futures
JPM and their nosey friends do paper shorting shenanigans to suppress the paper price, which in turn affects the physical price

>>24726328
>investing in a glownigger internet currency
hmmm

>>24726726
>we have to follow what a bunch of jews write in a book despite it constantly changing and lacking consensus

>>24726364
Underrated post
YAGMI

>>24726692
derivatives / futures contracts

>>24726849
Bruh if he can afford 7oz of gold every month he's already making it

>>24726785
show me a single example of greshams law not taking place

>>24726869
People who don't invest in pm's will not make it in the future regardless of whether they're making it now

>>24726402
What are some synonyms for rock in your vocabulary that start with the letter 'B'. Trying to fit into "Buy Boomer _____" instead of "Buy Boomer Rocks" so that it's alliterative or whatever it's called

>>24726895
Bullion

>>24726895
Boulders

>>24725301
explain

>>24726895
>>24726900
i think bullion's the only one that comes into my sleep deprived mind right now.

I am thinking of liquidating my miners for the time being and buy some more physical. I think March was just a test run and shut is about to go down for real.

>>24726885
what is your point? That one law has held true so all the jew laws are true?

>>24726895
Pebbles

fuck it one more before i try and sleep again, this time on the old Kaslo area on Kooteny Lake. Pic related is mentioned in this vid. https://www.youtube.com/watch?v=fMFq7l2aQ3Y

>>24726978
This

>>24726713
>it is, I'll admit that. I think it does a good job of explaining why outright dismissal of bitcoin based on this logic >>24725034 (You) is too rigid.

if the logic is flawed then it should be easily refuted by sound logic. the reality is, austrian economics IS sound logic, and therefore the only 'refutations' are by flawed logic.

>>24726742
>>24726859
the overflow of paper supply has indeed been successful in suppressing the overall demand, and therefore the price. but what happens when buyers bypass paper derivates and go straight to the physical?

>>24726978
>admits greshams law is true
>doesn't understand implications
>references jews in a point about a law discovered by an englishman
yeah i'm thinking socialist

>>24727038
I'll watch those videos you posted, thanks for sharing Pan Man. Try to get some good sleep

>>24727084
When it happens it happens. You didn't specify a time frame in your previous post so I just rehashed what's happening currently

>>24724935
Bouillon stackers rise up

>>24727102
Don't be vague bitch. State your point explicitly. According to most pmgfags bitcoin has no value at all as money so Gresham's law is irrelevant.
>>24727084
>my theory is perfect so any disagreement is wrong
what kind of circular argument is that, lol
Austrain (or any) economic theories are not a hard sciences

>>24726954
what do you think is going to happen to miners in another crash? it wont be like march again. that was a panic where the nature of this '''pandemic''' was totally unknown.

>>24727335
Miners sell off when paper spot goes down

>>24727279
>>my theory is perfect so any disagreement is wrong

dont be disingenuous. if you have any logical refutations to the principals of austrian economics, we are honestly all ears.

>>24724935
boomer rock shiny

Just an off topic post to make aware any pmg bros who aren't get some IVERMECTIN. This is the drug we've been waiting for to significantly reduce infection and treat illness of Covid. No larp. Just sincere concern for you.

https://youtu.be/Tq8SXOBy-4w

This cures Covid and keeps you from getting it.

Bonus video for the long presentation.

https://youtu.be/sJP_Spg5v-w

>>24727516
>IVERMECTIN
>IVERMECTIN
what's that?
if it doesn't come from the earth naturally, then it is a poisonous concoction of man's meddlesome hands.
this is what eating the apple resulted in, chemical and bio engineering we have no good business messing with.

>>24727461
>just debate an entire economic school of thought bro
you're being disingenuous. austrain economics is not a singularity accepted theory, but it is actually used in that article.

>>24727363
>>24727084
Exactly miners are correlated with spot price. If spot price is suppressed by COMEX JPM FED manipulation you think miners will ever moon either? Good luck

>>24727516
I'm not gonna take roundworm/heartworm medicine which is a strong toxic drug that kills worms by making your blood toxic for them to live in just so I can try to prevent Coronavirus when my age group has a %99.99 survival rate. Just don't eat poly unsaturated fatty acids (seed oil) which are what seeds use to fuel their growth and prevent animals from digesting them by slowing down digestion and causing inflammation,(PUFAs, look up Ray Peat diet) go to your local farm and buy a share of a cow's milk and literally just drink raw milk, you'll be healthier than 90% of modern humans. Raw milk is just blood plasma without the red basically. It has everything a newborn baby needs to grow, it's called "white blood" by native cultures in many parts of the world. Skim, 1%, 2%, and whole pasteurized milk has cholesterol particles that are oxidized from heat and will damage your body as well as enzymes and vitamins being destroyed which makes it harder to digest.

>>24727470
Nice. I like the copper contrast with silver

>>24727516
>>24727585
joking aside. I just read the ncbi page on it. based Japanese medicine from Japanese soil. ranks with other "wonder drugs" such as penicillin and aspirin

I'd take some right now if I could. how to get it?

>>24727635
>Raw milk is just blood plasma without the red basically
wouldn't raw fresh human milk be better than cows milk though?
I mean, warm and fresh from the source?

>>24727755
Yeah if you can get it lol. Colostrum is a rich material that is secreted first when the baby is born which is supposed to be drunk by the newborn baby, so if you have the opportunity, don't take that from the baby or it will develop much worse.

a diet of warm fresh milk seems like a good idea

only started stacking earlier this year,

will I make it lads?

>>24727651
I'm currently prophylaxing using the veterinary formula (picrel horse oral paste) that I got on Amazon. Funny that Amazon is now running low/out of stock now that people know. Pharm companies always fuck people by making vet formulas cheap but jacking up prices on the identical human brand. Besides, it will be hard to find a physician to prescribe given how corrupt the NIH is. But yeah, this medication won a Nobel prize in 2015 and is on the WHO's list of essential medicines with 3.7 billion doses given to humans with a safety profile far better than aspirin. This stuff is so safe and effective, that this is almost too good to be true, but it's true. I also have ordered from the site below, but have not received it yet. This is if you want human form from India, but it takes some time to deliver. It says up to 4 weeks, but the person who told me about it said it was 10 days for them.

trusted hyphen(-) medications dot(.) com

>>24727635
I'm just spreading the info. You are free to do with it what you will. Maybe you are fine, but I'm sure you have loved ones in groups who more at risk. Just saying. Additionally, there's long haul effects as well to consider and potential organ damage, so death isn't the only outcome to consider. I agree with PUFAs being the main cause of inflammation and things like athersclerosis. Animal fats are super healthy and everyone should be going into ketosis in winter. I get it. But more acutely, we have the Covid issue right now and this cheap, safe, and off patent drug has the potential to essentially reduce almost deaths from Covid, even in elderly. Worth looking into.

>>24727815
>no anime action figure to watch over your stack
ngmi fren

Let's go boys. New land to dig!

>>24727791
>and still no original memes.

>>24728069
Whatever. I'd just be posting text without them, who cares if they're new or not

>>24728065
Oh my anon, are you in GB or somewhere like that? Good luck, I hope you find something good. Just metal detecting or are you perhaps prospecting?

>>24728065
nice pic where is that?

>>24728065
>metal detecting away in the far green country
absolute based

>>24728065
are you in england?
That place looks gorgeous!

https://stocktwits.com/symbol/CLF
https://stocktwits.com/symbol/CLF
https://stocktwits.com/symbol/CLF

LOAD THE MORNING DIP

Uranium miners will dip, right? I haven't missed another boat, right?

>>24728114
>>24728121
>>24728122
>>24728296
Hampshire England. No sovs so far boys

>>24725859
LOL. I have a couple Philharmonics, whats so bad about them? The smooth edges are weird.

>>24728315
Stop shilling. Fuck off. Back to /smg/ with you.
>>24729050
Everything dips at some point anon. Don't stress it. I will personally focus on U miners later, still have to get even more into gold and a little bit into silver. Base metals exposure is also more important than uranium to me right now.

Here's my priority list
Gold>silver=base metals>uranium>REEs=lithium

>>24729053
what are you trying to find there? did a battle take place on those lands long ago or something?

in the US we have guys scavenging for stuff from the Civil War and you can find old bullets and coins

>>24727803
I'd give up my whole stack for a big titty wife like that.

>>24727855
I have the same little scale. Do you weigh out your junk silver for any particular reason? Some of my junk is super worn down, are those worth less?

News day again it seems.

>Thunderstruck commences drilling at Liwa Gold Prospect
https://ceo.ca/@newsfile/thunderstruck-commences-drilling-at-liwa-gold-and-provides

>Copper Mountain meets its sustainability targets for 2020
https://ceo.ca/@newswire/copper-mountain-mining-meets-its-2020-sustainability

>International Consolidated Uranium samples high-grade Ag-Cu-Zn values at their Mt Roe Project, exploration focus remains on uranium
https://ceo.ca/@newswire/international-consolidated-uranium-samples-2057-gt

>New Found Gold announces sale of mineral claims to Exploits Discovery Corp.
https://ceo.ca/@newswire/new-found-announces-sale-of-mineral-claims-to-exploits

>Norzinc hits multiple high-grade silver & zinc intercepts in 2020 surface drilling program
https://ceo.ca/@newswire/norzinc-hits-multiple-high-grade-silver-and-zinc-intercepts

Rokmaster drills ~5gpt Au mineralization over >8m
https://ceo.ca/@newswire/rokmaster-drills-strong-gold-mineralization-of-509
also
PSA: avoid lithium explorer Spearmint Resources, everybody at ceo.ca is calling it a p&d

>>24727855
She has a lot to weigh

>>24729872
Also, this is a big one:

>Moneta reports >2Moz Au Indicated + >3Moz Inferred resources in NI 43-101 resource update at Golden Highway, Timmins
https://ceo.ca/@newsfile/moneta-reports-2144200-oz-gold-indicated-and-3335300

>>24729170
Yeah the smooth edges make them underwhelming
I've come to terms with them though (they get more character once they've been handled and start to tarnish a bit), just shitting on them for fun

Seems like pure gold mining is a keeper. Pumps on a shit day. Each cent up nets me 10 euros.

>>24731033
>shit day
it's not a shit day though, but yeah PGM is a no-brainer play

https://www.gold-eagle.com/article/gold-fire-insurance-currencies-already-burning-ground

>>24726364
what coin/bar do you stack? post photo

just got approved for options. I think i'm gonna try and mess around with $500 for SLV

>>24731979
Nice. Consider warrants maybe?

>>24727815
Stack as a hobby. Invest in bitcoin and Ethereum.

>>24732114

How do you guys prevent your silver from tarnishing over the years?

>>24732026
how do i do this on fidelity?

>>24732248
Cap it, tube it, or baking soda aluminum foil it (every once in a while)

>>24732267
dunno, I'm not American. I actually don't have access to Canadian warrants myself right now, my brokers don't support those. I could switch to Interactive Brokers since they have those warrants but that one has an activity fee and I'm going to go studying next year so I'd end up paying for inactivity

You could ask /smg/ about a good American broker that has Canadian warrants in their catalogue

>>24731979

SLV sucks dont mess with it

t. bagholder

>>24732416
Yeah I guess that's the whole deal with bank manipulation -- to burn the traders. Maybe I shouldn't trade options

>>24731979
>>24732416
>>24732492
Not even once

>>24732285
If I just cap it and tub it will it be enough?

>>24732590
You don't have to do both. Coin capsule for single vs tube of multiple coins. Aluminum foil + baking soda bath is just hypothetical seems like it's mostly used for cleaning sterling, but would probably safely remove silver bullion tarnish too.

>>24732492
This is why I was recommending warrants. They're company-specific and anti-dilutative. If you want to speculate, use warrants. If you want to hedge, use options.

>>24732717
What's the drawback of a warrant? Options are obligation to buy/sell, warrants are right to buy/sell so that must mean there is a tradeoff right?

>>24732961
You don't have an obligation to buy or sell an option, you literally have the OPTION of buying/selling.

>>24726895
Brick

>>24196407
>The bond market is necessarily going to crash, because interest-rates can never go up again without destroying the system and making the budget unserviceable; this means that a never-ending vicious circle of quantitative easing and monetizing the debt is on the way, until the dollar finally gets dumped.
>monetizing the debt
How?

>>24733507
Printer go brrrr
Fed buy bonds
Interests kept low

Anyone know how much gold does DV have at this moment ? I'm trying to find some numbers, we know they already have around 50M ounce silver but I dont know about the rest.

Is Sibanye Gold (JSE: SGL NYSE: SBSW) a good buy? It's a big gold miner in South Africa and also owns platinum mines in the US since it bought out Stillwater.

>>24732135
Metals won't be worth anything until 4 generations down after starvation and mass violence have leveled out the population enough so that surplus can be created and supply can meet demand

Imagine getting angry about stonks

>>24733666
Checked. I skimmed their NI 43-101. They don't report gold in their MRE.

>>24733570
thank you
this is called ''monetizing the debt''?
why?

>>24733935
thank you kind anon. I need to learn how to read those docs.

>>24733928
Dad should've invested in precious metals and mining stonks. NGMI
>>24733946
Because financial jargon is put in place to complicate the truth. It's the same as "injecting liquidity to the economy" and the like. You can invent a dozen ways to say, in a more complicated way, that they're printing money and buying assets.

>>24733946
Fed speak for "money printer go brr". prevents everyone from realizing they are stealing from us

>>24733985
In addition to silver, they have some base metals in their assets but couldn't report them to MRE due to lack of data. Historical data also lacks any mention of gold at DV's projects
>Lead and Zinc were also estimated for Torbrit and Dolly Varden deposits, however, 51% of the silver composites for Torbrit and 63% of the silver composites at Dolly Varden do not have base metal data. As a result, additional work would be required to formally estimate lead and zinc resources

>>24733928
He's probably paying for her housing and food and phone with those stocks, so she is pretty stupid.

>>24725021
>Despite its advantages over commodities in a digital sense, it is still expensive, slow, and difficult to use(relative to other mediums)
okay you send someone 1 oz of gold i'll send them 0.1 btc let's see who: pays more, arrives first, and spends more time executing the transaction.
>hint: your boomer gold loses by every metric
>disclaimer: i hold both crypto and gold - stop being a dirty Schiff maxi

>>24726742
The demand is overwhelming their paper short game. Theyve barely made it the last two months.

>>24726470
>the lengths that gamblers go to to justify their beliefs, kek
I think the perspective often assumes away the input costs of the system. They assume that the bitcoin experiment will be able to uphold its economics and update the code to change miner rewards.

>>24733946
Monetizing the debt:
- Government issues debt
- Banks buy debt at auction
- Fed buys debt from banks

Normally, Treasury debts are financed by domestic & international bond investors.

But, in this case, the debt is financed by the central bank using funny money.

>>24727279
"Stores of value" dont drop 3k in one week.

>>24727516
That would imply that "covid" is even a real virus and would need treatment. 99% survival rate!

>>24734386
You need to go back.

>>24734120
That's women for ya, just their nature though. Hopefully they make up for it in other ways, like being beautiful, cute, and sexy.

>>24733897
I don't think so. It'll probably be worked out within a generation as people will rapidly spread out and evenly coat the surface of the earth to get away from each other, then they will realize how little they know about how to survive on their own and find people that do who were already living on their own for a long time, starting villages. I doubt it will be longer than two generations.

>>24734386
Bitcoin is shit

>>24734480
it doesn't matter how many people survive if you die

>>24734571
>That's women for ya, just their nature though
you haven't noticed all the millennials and zoomers living with their parents while pretending online that they support themselves?

I doubt they're all women.

why is /smg/ shilling CLF?

>>24734808
Yeah I don't even really think it's such a big deal that she doesn't want to get called stupid though. But yeah I haven't looked at other videos of hers so I don't know what she pretends or not.

>>24734960
because some retard here has a 600k+ options play and people think he’s an insider.

>>24734984
>I don't know what she pretends or not.
I wasn't talking about her.

Hey goldfriends. I made some money through stock speculation and wanna buy some gold through my financial firm because most of my liquid net worth is in my retirement account and I want to use the money outside it for crypto, to diversify. If I buy enough to spend 25% of my liquid assets in my account, I'll get charged 1.98% on the purchase. Is this a ripoff?

Btw should I diversify into palladium and platinum as well as gold and silver? I looked at a gold chart and it seemed more volatile than I thought it would be. Is an even ratio of gold/silver/platinum/palladium a good stack?

>>24735042

i saw that but does anyone actually know anything about CLF or is it just another memehype

>>24735200
With their recent acquisitions, they are now the largest steel producer in NA. This is coupled with a steel shortage and rising iron ore prices. That's what I know so far.

>>24735042
He could just be a crazy gambler. This is the year to get rich quick on speculation, or poor quick.

>>24735318
He is a gambler. He also did the same shilling for a ticker called KTOV and when that imploded he moved onto the next.

>>24735193
Platinum is pretty speculative. Maybe have about an ounce of it so you have a play on it, but one anon earlier said they have a premium of $200 dollars I think, so that's why you shouldn't buy heavily, you might never make a return. Don't know about the other stuff

>>24735086
I'm sure a lot of zoomers and millenials, male and female, do that. I don't think anything the first anon and I talked about indicated that. We were just saying she should be grateful for stocks helping to pay for roof over her head

>>24724935
Why is she so expensive bros...

>>24735193
If you have no stack at all, just buy some gold. Once you have some gold, buy a lot of silver. once you have some gold and a lot of silver, buy more silver. then buy more gold. then once you have a lot of gold and a lot of silver, buy even more silver. lastly, buy some platinum if you still want to and some miners.

wtf is this
https://www.ebay.com/itm/SCARCE-2018-S-Reverse-Proof-90-Silver-Roosevelt-Dime-Only-200-000-Minted/114390242713?_trkparms=aid%3D777001%26algo%3DDISCO.FEED%26ao%3D1%26asc%3D20170615105047%26meid%3D0a6569a5c0ea48aaa1a8766800eed140%26pid%3D100656%26rk%3D1%26rkt%3D1%26mehot%3Dpp%26itm%3D114390242713%26pmt%3D0%26noa%3D1%26pg%3D2380057%26algv%3DRelatedTopicsKWTitleSRPSeeAll%26brand%3D&_trksid=p2380057.c100656.m5063&_trkparms=pageci%3Afe8c8245-3be6-11eb-aea5-9e25fd068410%7Cparentrq%3A534652c81760ac3e9f7c5c65fffc6208%7Ciid%3A2

>>24735900
>item description
>nothing

>>24734430
>But, in this case, the debt is financed by the central bank using funny money.
thank you
the consequence of this?

>>24735900
It's just a reverse proof

a normal US proof was traditionally made with a polished die surface. When the mint noticed people collecting cameo type proofs with a polished field and frosted details they started making them that way on purpose. Just for fun and to make another product to sell they reversed the process with frosted field and polished details.

it's just another product to entice people to buy modern numismatic issues. Because that's how the mint makes extra money.

>>24735193
Gold is important to have, silver is a little bit more speculative but good to have, maybe even better than gold in a SHTF scenario. Platinum/palladium I wouldn't advice buying as physical assets since their premiums are ridiculous. If you want exposure to those (or any other metals), just get into mining stocks. Mining stocks are also leveraged to their undelying assets so if you're bullish on any metal and feel like you want some gains in a medium to long term, learn about investing in miners and go for those.

But bottom line, buy gold first and foremost, and some silver after you've enough gold in your opinion.

>I made some money through stock speculation and wanna buy some gold through my financial firm because most of my liquid net worth is in my retirement account and I want to use the money outside it for crypto, to diversify. If I buy enough to spend 25% of my liquid assets in my account, I'll get charged 1.98% on the purchase. Is this a ripoff?
Why not just take some money out, walk into a bullion bank or LCS and buy gold there without the extra 2% jewery?

>>24735636
>>24735865
Thanks for the tip friends!

>>24736139
>Why not just take some money out, walk into a bullion bank or LCS and buy gold there without the extra 2% jewery?
you pay taxes and penalties for taking money out of retirement early

>Mining stocks are also leveraged to their undelying assets
kek

Equity Metals back at it again with yet another winter exploration program in the works at the Silver Queen Minesite.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2227-tsx-venture/eqty/89335-equity-metals-closes-2-3-million-oversubscribed-private-placement-winter-exploration-program-continues.html?utm_source=newsletter_983&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y

>>24736139
I see. Good to know, thanks! I'll buy mostly gold and some silver as well, then.

>>24736196
How can they be allowed to get away with this shit ? It make me think about encore energy in the uranium sector.

>>24736194
>you pay taxes and penalties for taking money out of retirement early
Ah I see. Do you get to hold the physical metal that you buy, by the way? If not, you need to make sure your physical is literally stored somewhere. You might have to pay some sorts of fees for this too so check that.
>kek
...What's so funny about that?

>>24736227
Ah I responded to the wrong guy it seems. Read >>24736437

>>24736331
holy shit I remember that bullshit with golden predator! a few of my mates worked on their project in the yukon when all that bs went down, they went to work one morning only to find out they were out of a job and had to pack their camp up.

I still have no idea how Equity Metals is in business, but i am sure I know how their drilling will go. They will hit generally poor lower grade zinc lead ore (1.4gpt Ag) than in a few "random" spots run into 50-60kgpt Ag and ham it up in the news. Investment will pour in and than boom something goes wrong again and the corporate team flees with all the new bag holder money. Fuck this company.

>>24736437
>...What's so funny about that?
look at the post above yours
>>24736331
>How can they be allowed to get away with this shit ?

it's not illegal for them to liquidate the underlying assets and it's standard practice for them to borrow against those assets for at least twice the value.

>have an ore body worth a million
>sell stock for a million or more against that
>then go get bank loans of a million or more

so yeah, the underlying assets are leveraged, but not in your favor. Never in your favor.

>>24736437
Seems you buy a coin or that the firm holds on to for you, while you get a certificate, but I think you can get it delivered to your house but there are taxes and fees and I'm not sure my house is safer desu since I've been robbed in my neighborhood before.

>>24734120
NEWSFLASH! Women are stupid!

>>24734386
The fed can just print money and put it directly in my bank account!!! See gold cucks! Crypto is supreme!

>>24736521
Oh so you mean that they're risky assets to invest in. Yeah. Should've added that I guess, my bad. They totally are. There's industry bullshit.
>>24736525
Make sure they literally, physically have your bullion stored somewhere. Certificates aren't enough if they just promise to get you the bullion later when you ask for it. If the company goes down and they don't store it, they won't be getting it for you when you come knocking with your certificate. So make sure of that

>>24734514
very nice rebuttal - insightful
>>24734571
bitcoin IS shit, that's why I use monero - something with fungibility by default. A quality I thought people would appreciate here...
>The fed can just print money and put it directly in my bank account!!! See gold cucks! Crypto is supreme!
what does the fed's ability to airdrop USD have anything to do with cryptocurrency? I am a proponent of PoW, fungible coins... so, not sure what your point is.
>t. holds monero, gold, silver, and doesn't understand the false binary attitude of :YOU MUST CHOOSE CRYPTO OR METAL"

>>24736768
>>The fed can just print money and put it directly in my bank account!!! See gold cucks! Crypto is supreme!
forgot to reply to commenter: >>24736653

test

>>24736437
If you dont hold it you dont own it.

>do you get to hold the metal

You literally purchase it and its yours friend.

>>24736824
Read the thread anon.

The fuck is Schiff thinking?
>>24737191

Is Hitler's excuse for not going onto the gold standard good enough?

>>24736824
You got a very sad box for your Gold

gold will be $1920 on Christmas, says this guy

>>24737465
The only thing I disagree with is gold being used as an agent to suppress and dominate other nations, and even then I only partially disagree with that. The man had literally nothing to work with but the people.

Newfag here
Is there any point of holding silver instead of gold?
I mean I feel it's almost like BTC vs ETH, btc being the one everyone knows/wants

>>24734480
I don't know about you, but I'd prefer not to roll the dice. In addition, I don't want any organ damage or long term effects. And even if I am likely to be spared that, I have loved ones who are in high risk groups. I assume you too have ones who have a higher risk.

>>24737779
>gold ID, the only one in the thread

I guess I answered my own question, nevermind

>>24737779
You use silver to attain Gold if you are a poor fag, You use Gold to save your wealth from inflation.
That's what I'm going for. Some Guys just like having a shit ton of Silver.

>>24735713
Because she’s beautiful and actually circulated as money instead of being stuffed away by collectors. But you can get the Swiss Miss, and she’s pretty hot too.

>>24735200
I shared clf and Labrador iron before that guy, he was a week or two later, before the dump to 4.99 or so. It's a good buy under $8 imo. Teens are too high.

PureGold moon mission underway, up another 8% today, man I wish I'd bought more than 2500 shares

>>24737779
Picrel

>>24738021
should I place a long 10$ put? whats the volatility on that stock?

>>24737806
I think "rolling the dice" is one way to put using anti parasite medicine when you don't actually have parasites. How do you know this isn't just some sick joke by the media on people who are fearful about covid?

>>24738058
You can always just keep averaging up. They will go up way more no doubt. Very safe two to three bagger at current gold prices if you ask me

>>24738058
>>24738058
>>24738058
>>24738058
That really sucks not having it. How can one company be mooning when all others are down. Fuck this shit sucks.

>>24737663
That was just the shipping package

>>24738332
>How can one company be mooning when all others are down.
Today has been a green day across the board for my investments at least

>>24738332
It's ok fren, Kinross moon mission will start in January

>>24738151
Fuck no, it's got too much going for it at the moment.

Guys i gotta admit i cant take this shit anymore. How does this portfolio look? All its done for the last five months is crab and dump. So fucking discouraging. I researched all these companies.

>>24738354
Sorry, We all make mistakes.

>>24738436
2/2

>>24737465
It's not an excuse. It's an explanation that gold is not necessary for a country to be prosperous. Anything can be money so long as it is tied to and matched with the production of society. Gold is just a particularly good manifestation of money because of its money-ness: durability, divisibility, rarity, difficulty to counterfeit. Tallysticks were actually a reasonably good medium of exchange.

>>24738058
What is the price target bros they haven't even began production yet, could we see $2.50 before christmas?

rate my emerald(?)

>>24738436
>5 months
>july/august
>when PM started crabbing
Why are you acting surprised ? If you are already discouraged you might need to invest somewhere else. PM are years plays.

>>24737712
Practically anything can be used to suppress and dominate other nations so long as one nation is indebted to another nation and payment must be made in a form that is scarce in the debtor nation.

>>24738503
use it to buy a better camera / 10

>>24738509
>Practically anything can be used to suppress and dominate other nations so long as one nation is indebted to another nation
I know, it just felt like the video was singling out gold as the cause.

>>24738436
At a glance, I only recognize Kinross and Aurcana in your list. It looks like you've got a lot of junior miners which typically do poorly in non-rising markets and absolutely terribly in falling markets. Unless you're only interested in hitting a home run, you should really consider taking stakes in some higher quality mining companies.

Anons are stupid questions allowed?

Many people buy silver and gold as a hedge against inflation. But isn't there a possibility that the same money creation will be misused against a rising silver or gold price? For example buying large quantities of gold and silver on government funding and suppressing the price? Or an extreme scenario is creating gold certificates without any actual gold backing it up (just like fiat kek).

I still don't believe in Bitcoin but at least you can see every btc in circulation.

>>24738641
Pretty sure both of those things are already happening big time bro

>>24738641
What you're saying doesn't make much sense. If governments buy PMs, it'll drive the prices up. The way to drive the prices of PMs down is to either have strong fiat currencies that are responsibly managed or the use the futures market to sell vast quantities of PMs that one doesn't possess. That is equivalent to your hypothetical scenario of selling gold certificates that aren't truly backed by gold.

That works for awhile but when the fraud breaks, the price of PMs actually skyrocket.

>>24726926
There is 0 value behind crypto, it doesn't produce anything and can be used to produce something. People just agree it's worth something because other people do. It is in all forms a fiat "arbitrary" currency.

>>24724935
I need one of those pamp bars in my collection

How'd I do today, PMG?
Was it :
>Close to spot? No
>tax exempt? No
>worth the markup? Probably not
>high liquidity? No
>will I ever see a return? No

But hey, it's Christmas and nothing beats treating yourself to a nice solid gold trinket, at least once. (I did this as a gift for somebody else, but it was free shipping if I bought 2 items kek)

>>24738497
I don't think there's any reason for PureGold not to be priced around Yamana, Kinross and B2Gold in the next 6-12 months

>>24738641
Short answer: Yes.

But the benefit of owning any commodity is that regardless of what manipulation takes place, the supply of it is limited. Precious metals are well, precious, and rare, which is why they have such an exceptional tendency to appreciate and also why they are targeted for price manipulation. But even though they are manipulated, there is by definition a limit to how much, because of simple physics. No amount of spoofing on the CME can change the fact that there is only so much gold and silver in the world overall and being mined at any time, and so those who want the physical metal inevitably have to bid against one another for it.

If you’re worried specifically about the government and JP Morgan autistically fucking you over by using all their resources to rig prices, the obvious hedge is diversification into other commodities, which can be done through ETFs, buying shares in companies with exposure to and rights or ownership of said alternative commodities, or when practical buying the physical commodity itself.

When you buy shares in companies like Rio Tinto and BHP that have their fingers in a million pies, you’re getting yourself a share in mining across a whole spectrum from iron to copper, gold silver and platinum. Also consider companies in agriculture, fishing, timber, energy...

>>24738458
Yeah there was a part of The Money Masters documentary that had a good explanation about tally sticks under King Henry V (?) when he expelled the jews and used his authority to make tally sticks the only way to pay taxes, which pretty much made it the currency

>>24738595
Yeah it's just that more people view gold as money so that's more likely to be exploited

>>24738641
That's how they do the price supression at COMEX and JPM as far as I know, in terms of selling the unbacked gold certificates

>>24738817
I like it. Intricate pieces are a nice change of pace compared to rounds and bars, though those are nice too

>>24737688
I was hoping for $5k

>>24738422

So too late to buy, too early to short? Just do nothing with it?

>>24738436
Let's see here...

>Tinka
No DD
>Silver Spruce
Super risky asset to own, still waiting for that drilling to begin. No info about the whole ordeal about the landowner thing... You might want to ask their IR via phone or email. Getting a little tired of seeing this stock in my folio even though I only own 1k throwaway shares as a fun gamble
>Aurcana
Should begin climbing little by little the closer they get to production in Q3 2021. Will probably react nicely if silver starts running too. If they're late from schedule in ramping up to production the stock (and the company's balance due to the bad financing deal) will suffer so keep an eye on the development progress.
>Vangold
Excellent asset, they're constantly making progress at (I believe it was called) El Pinquico. Share price been climbing steadily since March and we might be positively surprised by their assays once drills start turning. Might crab until they announce drilling, the market wants cores
>Klondike Silver
I wouldn't maybe want to own this until they can finally get some drills on site. Pan Man vouches for their geology but it won't matter until they can get somebody to drill but they're late to the party on that. I expect share price to fall due to lack of activity.
>Sprott ETF
I don't do funds. I would just get into a good company instead.
>Canada Silver Copper Nickel Cobalt Battery Works
Just sold my shares at a tiny profit this week actually, wanted to reposition into less risky and more exciting plays. That said they have potential. Potential for success and potential for failure. It's a risky asset imho
>Impact
No DD done yet but shouldn't they be a pretty good producer? If so, just hold and wait for silver price to increase maybe?
>Butthorse
I bought into this ATH... Sold at C$0.10 when I realized that it was a mal-investment. Took the hit and went for better companies instead. Good luck with that, they're a super risky asset to own
>Another Sprott ETF
You know the drill
>Kinross
Idk

>>24738586
Better?

>>24738107
What about 2011 to 2020 ?

>>24738902
>>Canada Silver Copper Nickel Cobalt Battery Works
>Just sold my shares at a tiny profit this week actually, wanted to reposition into less risky and more exciting plays. That said they have potential. Potential for success and potential for failure. It's a risky asset imho
So true it hurts to even have 500 into it. Still waiting for news before adding more in the future. As for KS, I wont put a dollar as long their news are non-existent. Both have the same problem of not having enough communication. Speculative blind plays, both have resources, both make no effort to dig it up.

>>24738436
just hang in there bro, I'm down 5% on a 150k miner portfolio, Q1 2021 we'll be all green

>>24738848
Never mind it was King Henry I. Also the Spartans used a similar system. Also he didn't expell the Jews but it wasn't too long after they were.
>>24738595
Or rather, back then more people viewed or had gold as money in their countries

>>24738457
>Viscount
First time hearing about this company
>Kootenay
Haven't DD'd yet
>Silver One
No DD
>Dolly Varden
Should be a good play. I wasn't interested enough to invest but they're in my "maybe" list. Good ground at Golden Triangle, good infrastructure in place, a lotta silver and some zinc and lead mixed in that ore too. Lots of exploration upside too and I think they just got a lot of funding this week too. Good hold I think.
>Defiance
Another company that is in my "maybe" pile. They've got silver and they will probably find a buncha more. Not sure about the valuation or about how much we should expect them to find though. They had debt but they paid that all off and funded exploration thanks to a big (I think it was $8M) financing. Not up to date on Defiance but might be worth it to hold.


You need more gold miners and you should avoid taking so many risky bets I think. Also if I were you I'd get rid of the ETF's and invest into companies you have thorough understanding of.

>>24738160
If you actually read the literature and the studies, this is legit. If you would take an aspirin, but not ivermectin, then you need to read up. Aspirin is general regarded as safe, and yet kills 3,000 people per year. Ivermectin doesn't kill anyone. 3.7 billion doses have been given for a total of 450 adverse reactions, most of which have to do with the dying of the parasites they are taking it for. It's safety profile is beyond exceptional. It not only has anti-parasitic functions, but also has anti-viral properties as well as immono-modulating and anti-inflammatory properties. This is an off patent drug that is cheap and has already been declared a "wonder drug" before Covid.

>>24738880
I think it's still going to go up, so long as iron prices continue to rise and the steel shortage continues.

>>24738988
Looks like from 2011 to 2020:
Gold increased by about 6%
Silver decreased by about 27.78%

Something's goin' on there

>>24739080

I know Sprott is in these 3, they're good stonks
>Kootenay
>Silver One
>Dolly Varden

indeed bitcoin is shit, xrp however has intrinsic value in its software and the products created by Ripple that use xrp.
Buy xrp, btc is going to 0

>>24738058
excellent keep going up dam it!

>>24739102
Alright, that doesn't sound that bad. I don't use drugs like Ibuprofen, Aspirin, Tylenol, etc. even when I'm sick. Just think my body will handle it better than what a drug will modify it to do. Maybe in the case of a supervirus like the 1918 spanish flu where young people had overactive immune response creating cytokine storm which attacked their own cells turning their bodies blue you could use medicine, but why do you need it for a 99.99% survival rate? If you want it since you have pre-existing conditions and risk factors your relatives had contributed to their illness that's good reason I guess. Does it have really low death but consistently cause a low level of lasting damage? I would think there would be some tradeoff but maybe not

>>24738817
Everybody needs some kind of stupid pm thing they own. I for one will probably never want to sell this beauty. Was it expensive? Yes. Was it worth it? Yes!
>>24739016
CCW is making an effort (I think?) but it just seems like they're having a hard time actually hitting mineralization. Difficult to understand deposit, plus it's deep underground at around 500m. Expensive, time-consuming drilling to do. Hell they might just have 100Moz Ag and a bunch of cobalt down there but if they can't define mineralization or if it takes them years just to come out with M&I resources it just won't be worth holding when there're so many other better, safer, some even severely undervalued plays out there. I thought it through logically and sold even though I was getting a little attached. Good riddance but good luck to you anon, hopefully they find more of that highest-grade-in-the-galaxy silver. Love the way those drill core samples look, total core porn!
>>24739245
Sprott is all over. There are great plays he hasn't invested in. Although I will say that Sprott investment is always kind of like an endorsement, a seal of approval by an industry veteran so it's good to have, like a cherry on top. But it's not what I base my investments on.

Grandfather passed away and apparently had a bag of gold(?)/silver(?)/maybe other metals buried in his backyard. They are covered with grit, dirt, etc. Unfortunately I don't have pictures.
What is the best way to clean this if I am not quite sure what metals are there?

>>24739321
Did you see this Pan Man? >>24730347
I didn't even do a proper DD after seeing this NR. Just skimmed though their presentation, projects and financials and went in at 0.20. I'll have to really research during the weekend but holy moly am I glad I got in. At this market cap? What an absolute steal! Was going to invest somewhere else but this was just too juicy to pass up

>>24739375
I only have like 500 in ccw, took position in late summer since I thought it would go up like all over silver stock considering their incredible resources. Didnt think they would fucking go ghostmode for 6 month. We dont even have the drill result from last sample.
My 3 other position are good but it would be a lie I'm not a bit afraid/disapointed with KS and CCW. At least KS is panman approved so I can just take position when they start drilling, will wait until then. I might need to find another pseudo-speculative/solid&cheap silver stock to replace ccw.

>>24739469
o no missed that i ll have look at that for sure. Dam it yet another project to look at!

>>24738950
I like it anon have a (you) gemstones dont get much love in these parts usually

>>24739494
>their incredible resources
Ah ah ah, let's not run before we can walk anon. They only have 9Moz Ag, and that's in the least certain resource category, Inferred. They might not have even that 9Moz!
>Didnt think they would fucking go ghostmode for 6 mont
Hehe, me neither! Unexpected but if they don't hit ore they can't put big NR pumps forward.
>I might need to find another pseudo-speculative/solid&cheap silver stock to replace ccw.
If it has to be silver, then consider Vangold, Blackrock Gold (misnomer lol, was actually going to invest in these guys but pivoted elsewhere due to some news) and Advance Gold (Au-Ag microcap, haven't done DD yet but they're high in my list to research, got a good feeling)
>>24739577
They're pretty interesting to compare to PGM in terms of resources, AISC and market cap ;) just saying!

>>24739681
Already have vangold, dv and ipt. Went a bit speculative with ks and ccw. I might just stop at this and add 2-3 uranium stock instead of silver. I think the other 3 will be good enough, ks will be added when they start drilling, same goes for ccw, wont sell. Something lile :
>ipt, vgld, dv, ccw (on hold), ks (waiting for entry point)
>uex, ltrb, cvv

>>24739681
yep dam it now i ll have to deep dive this project, but for now i am working on DDing some ground for my summer.

>>24739867
Heh, interesting. Your folio is like the yin to my folio's yang. I'm heavy into gold miners and would like to even add more even though I know I should add at least one silver-heavy company like BRC, plus base metals and later down the line uranium.

I NEED MORE GOLD MINERS MOOOREEE GOOOOOOOLDDD
>>24739900
Checked. What are you working on? Got something interesting near some other claims perhaps? Or total greenfields?

>>24739963
well, when you have 30k physical gold, you want some silver.
>>24739900
Forgot to ask PM, how speculative do you consider Strikepoint gold ? I know the golden triangle is considered godlike and all but still, they're trying to do something pretty big.

>>24739963
Suggestions for solid gold miners to look into? I need one to round out my holdings, something with small to medium mcap. Right not I'm only into vangold.

>>24739451
hot water

>>24739963
its some land currently coming open on dec 14, a small high grade gold mine and about a dozen showings for copper, might have something interesting going on. No one else is looking at it, no other current claims nearby either. Terrace district bc.
>>24740068
As for Strikepoint there is for sure gold / silver on their ground, they focus on historic spots for a reason. They need to do a lot more work, but I think there really on to something at Willoughby and Porter Idaho, especially now with all the ancient glaciation leaving.
>>24740071
Look into osisko gold royalties and skeena resources for gold. Osisko's Barkerville Project (which i am waiting for work from) is chugging along well getting closer to full scale production. Skeena Resources is on track as well for their Eskay mine.

>>24725047
Ooooh, I didn't know those Coronas had markings along the edge. I like that, the Libertads have markings like that as well.

>>24740068
>well, when you have 30k physical gold, you want some silver.
Lol literal opposite to me. 3k in physical silver, now I want gold but too poor to buy physical (plus gold miners are just way safer than silver miners if price dumps for a sustained time)
Interesting to see such a total opposite to me. Weird.
>>24740071
Here's my folio's gold miners.
LIO, NHK, ME (new addition, bought today), GWA, PGM, MTH, MEK, FFOX, AWE (this one is diversified in base metals too)
I wouldn't want to part with any of these holdings but if I had to choose one to sell it would be GWA I guess, because my position is small. I believe most of these to be undervalued, some even severely so. I actually regret not investing more in some of these and hope they'd stay/go down.

Others that I don't own that are worth looking into.
NFG, LAB, SIC (these three are adjacent Newfoundland plays), TOC, CBI, NVO (huge sell-off due to KL dumping shares recently, don't know about the company though might be risky or not), AAX (no DD yet but high in my list, should be Su-Ag microcap), IRV, ENDR (no DD yet but tiny market cap and amazing drill hits, in Golden Triangle I believe?)
>>24740275
Brownfield property with an old high gradd Au mine and multiple Cu showings at surface? Prospective af imho

>>24740459
>Su-Ag
Au-Ag*

>>24740459
only issue is that spot i am looking at is very high elevation, so i ll likely have to look it over in the late fall which could be interesting, ah well just means i have to pack my heavy tent and parka in i guess.

>>24727791
The joke is that those children got locked in cages that were built when Biden was vice president, right?

>>24738848
What is sauce? Decent series?

>>24740653
>Late fall
Why that late in the year? How does the elevation relate to the time of year? Also isn't high elevation good, they're areas that are pushed higher by plate movement correct? Trying to learn this geology stuff

>>24740275
So they are quite confident in finding gold/silver and plan to be bought by ascot or skeena ? How does that affect shareholder ?
>>24740459
How big is your miner PF ? I went too heavy on physical before going into miner, bad mistake. Yours must be big since you have lot of positions.

>>24740687
No it's just some leftist meme about owning the magats, or maybe a satirical right wing meme about joe biden's future presidency.

>>24740716
Ninja Scroll. It's a movie, great animation, classic.

>>24740747
Nah mine isn't big. It's a bit over 3k now. I want to have a lot of positions. I can add to my favourites during dips and have bigger positions of those, and I can have smaller positions on more speculative plays at first and see if I want to have a bigger position after getting comfortable with the stock in my folio so to speak. I'm also in it for the long term. Some of these I expect to inch up in the span of multiple years. Also because the industry is full of inherent risks and because there are so many things that can go wrong I believe it's good to have many positions to reposition into if I must

I'll try to add to my favourites while also searching for new ones. Still want a position on BRC but will have to see whether I'll add instead of entering. Got some others in my mind too but I'll see what happens.

>>24740842
Just realized I probably shouldn't have posted that first video if you guys want to watch it but it's too relevant to /pmg/ I couldn't resist

>>24724935
How does /biz/ feel about Goldbacks? I'm trying to invest small amounts in physical assets weekly and they seem a good way to do that.

>>24741300
its pretty much the worst possible physical you can buy but yeah they look cool so I bought a few as novelty gifts

>>24741300
same way I felt about them the last couple hundred times someone asked

They're some of the most interesting modern exonumia out there. People worry about recovering the gold from them, but I doubt anyone will ever try since the collector value will probably always be more than the gold value. Possibly a lot more

bros, you think we'll see tax loss selling next week and cheap miners?

>>24740743
late fall means all the snows burned off from the summer heat but there wont be any swarms of bugs making me want to shoot myself. High elevations great for exploring exposed rocks and outcrops but it means you often have biting winds and wet slippery dangerous terrain. There have been more than one exploration jobs where i would be in a tee shirt and shorts down in the valley, and in my down bomber coat and fur hat at the top of the ridge line.
>>24740747
the plans either to have their ground optioned to Ascot or another company with a mill to save money, partner with said company or get bought out. Usually its a good thing as the company getting bought out sees a share value increase and usually any outstanding shares get converted to the new host.

>>24741300
Figure out how much you're paying per gram. There are 31.1 grams per troy ounce. I would not be surprised if you discovered the premiums on those goldbacks to be usurious.

>>24741739
I see, thank you fer explaining. Really wild seeing some of those explorers at work in South America by the way, taking samples off of a vertical mountainside and all lol

>>24741724
You're like a month or two late anon! Tax loss season is just beginning to cool down now

>>24741890
yea some of the guys i know will do bonkers things to get the samples there after.

>>24725021
Based as always.

>>24741300
I have one of each for the cool factor.
Would love to see AZ and NM get in on this shit too. Start a Southwest metallic bloc. Oh well I can dream.

>>24737221
>Laugh=endorsement
umm...

>>24742157
It's kinda a mormon tradition, so we could see ID, CO, CA, maybe AZ

An anon posted a PMs grug post a while ago and I wanted to see if I could refine it a little bit. Let me know what you think.

>Grug keep shiny rock
>Another Grug trapped in rock
>Lots of things trapped in rock
>Special rock
>Long nose tribe talk to Grug
>Say Grug give rock they give leaf
>Say Grug give leaf they give rock back
>Why Grug take leaf if Grug keep shiny rock?
>Bleg dig shiny rock
>Bleg give shiny rock take leaf from long nose tribe
>Bleg give leaf take mammoth
>Long nose tribe give many leaf take many mammoth
>Too many leaf no shiny rock
>Grug think long nose tribe keep no shiny rock for leaf
>Grug getting angry

>>24742157
I remember reading a book in high school that took place after some sort of mass social and petrodollar collapse that lead to a second US civil war and break up. In it, Texas, NM, Arizona, California and some of Northern Mexico used gold, silver and copper as money again and ended up richer than the eastern US which was in economic freefall stuck with a useless fiat currency that only China and the former commonwealth cunts accepted kek. It was called Red Sand or something like that.

>>24742157
Utah and Arizona both have very favorable laws regarding gold and silver bullion usage in private transactions. UPMA, which is the organization that produces Goldbacks, is based in Utah and they make both the Utah and Nevada designs. I have met with them in their offices in Utah and I think they’re a good organization, that being said the current premiums that you pay for a gold back make them little more than a novelty collectible in my opinion. If they can really get the cost down then they might have some thing legitimately competitive.

>>24742341
There is a book called The Mandibles that you might like that has a similar premise. I would recommend it to anyone reading this thread.

>>24742350
I sure hope so, It's an excellent concept, with multistate backing maybe it could be an actual thing.

>>24741925
this guy's chart shows, historically, the tax loss selling ending around 12/15

>>24742332
What’s sad is that this narrative is both retarded, as well as LITERALLY what happened

>>24742899
all I know is that my orders for 45k AUN filled at 88 cents... FUCK YEAH!!!!! up to 80k now

>>24738902
>>24739028
>>24739080
>>24739245
>>24739375
Thank you guys for the feedback and encouragement. I knew when i bought these that they would be long term holds. I knew that i wouldnt see gains until Q12021 at the very least. I just got discouraged because this shit sucks honestly. It feels like the whole world is against us. Like we are telling everyone the sky is blue and they are saying no its green and keeping us down in the basement.

Anyway. I did DD on all these companies. I spent a lot of time vetting them. Im looking at getting out of ccw honestly. I only have a couple hundred bucks on klondike and bayhorse. Id like to get out of viscount mining. I'll take the money from these and put them into major gold producers. Only problem is that im waiting for a break even on them first which i dont know if it will come but I dont see why it shouldn't......

The etfs until last week were holding steady which is why I bought them however now the gols miners etf is down 5% while the junior is up 5%

And >>2473949. Ccw announced about a month another something big happened with the drill results that caught them off guard and that was the last we heard from them. They said they would release news. I dont feel good about them

>>24742332
Why tribe accept leaf from long nose tribe? Longnose tree always drop leaf. They shake tree and more than 20 leaf! They say Grug rock only get 5 leaf, when rock get 25 berry. Grug rock more hard and more difficult to get. Longnose tribe say rock bad. Longnose say leaf is easy to get and move. Grug think makes leaf bad. Rock good!

>>24741969


GOLIATH WAS A SURE BET

Is everyone ready for Christmas? I just went down the road and grabbed a tree, now to send some stuff down to my parents and my sister. I do wish I could go down south and see them but thats a bit of a challenge this year.

>>24743828
Ha good thing i put $300 in than, now we wait for the spring drilling season it seems.

>>24743828
>>24743907
golden goliath resources?

will a civil war make gold and silver rise in price or no?

>>24744103
relative price, sure. but the purchasing power will fall. stock up frens.

>>24744103
I’m thinking bullish

>>24743907
Nice, I guess you really liked what Quinton Hennigh had to say eh? Better hold on tight to those shares, we just formed a 5 month symmetrical cup, blastoff is coming.

>>24744071
https://www.youtube.com/watch?v=jTIUQ4gvq3g&t=3024s&ab_channel=CrescatCapital

>>24724935
I can't find 1kg ag lady fortuna's anywhere
>any anons know where i can find some?

>>24738950
one step closer to having the perfect stash to put in a treasture chest

>>24744340
i plan to sit on them for a while like i do everything else. Also yes I think there on to something out there, I walked that ground and thought the same back than.

Does Goliath Resources land have silver too?

>>24743883
I put a few Christmas lights up after Thanksgiving, but that’s about the extent of it this year. Permanent work from home plus extensive travel restrictions means it’s just me and the pup this year.

>>24744470
Wait a minute... I noticed something

A review on Goliath's Surebet zone

https://www.youtube.com/watch?v=7yLwYjgF0Jg&ab_channel=GoliathResourcesLtd..

>>24726328
>The value in and of itself is the consensus mechanism

Should've stopped there, that's all you needed

Something is a store of value if and only if:
1). There is value in and of itself to store, and
2). Stored value is reliably retained over time.

As Bitcoin doesn't have much history, it doesn't satisfy 2).

However, Bitcoin HODLers may argue that Bitcoin is a speculative store of value. It can only be the case if it at least satisfies 1).

However, Bitcoin does not satisfy 1) either.

Bitcoin's supposed utility is as:
a). a medium of exchange, and
b). a speculative store of value.

b) is what is debated against in this argument.

For a), a medium of exchange has value in and of itself only if it is a good with its own value & utility other than as a medium.

Medium of exchange was invented as a lingua franca of barter of goods for goods, i.e. a universal good with its own value & utility other than as a medium of exchange, and that value & utility can be measured against other goods.

Bitcoin's only supposed utility is a) and b), and no other.

Therefore, Bitcoin suffers the very problem why fiat money fails as a store of value: there is no value in and of itself to store.

>>24744750
hay isnt that interesting...
>>24744695
Tree goes up in a bit on my end tonight. Than I am double checking if one of the geo tech girls at bgm is still wanting to go out on a snowmobile ride. bit nippy though so we will see.

>>24744103
It was pretty Bullish for Gold and Silver back in the 1860s, I doubt it's much different this time around.

>>24745120
>Tree goes up in a bit on my end tonight. Than I am double checking if one of the geo tech girls at bgm is still wanting to go out on a snowmobile ride. bit nippy though so we will see.

https://www.youtube.com/watch?v=lfqvfWXONto&ab_channel=sherwenugsod

living the dream. Rock on Pan Man

>>24724935
Who’s baking? I’m gay

>>24745074
Sing it brother.

These cryptowankers need to get that their proof of work nonsense is a digital replication of fiat and that the value of said shitcoin is only traded FOR fiat.

If a shitcoin is so great why have a lambo-ready crypto millionaire? Why not hoard all the crypto and simply transact in it. Ponzi with digital tulips.

>>24745074
Something is a store of value if and only if:
>1). There is value in and of itself to store, and
>2). Stored value is reliably retained over time.
I think your definition is weak/poorly defined.

Like gold, silver, platinum, and palladium, Bitcoin is like an element. It is "immutable" limited in supply, and unable to be counterfeited. Gold's value is not necessarily best defined/determined by its value in tech applications or "allure" it's the fact that is one of Five total things that can be considered "honest".
Your whole bottom half of the argument applies almost exactly to gold. The employment of gold in industrial is currently negligible and may continue being like that.
>Bitcoin suffers the very problem why fiat money fails as a store of value: there is no value in and of itself to store.
fiat fails because it violates its own value by not having a "limited" supply. The dollar was the reserve currency because it was backed by gold, it was literally just gold but paper. But then inevitably it started the decline because some retard said "print". Bitcoin is different than fiat because it does not have this "feature" of unlimited growth/supply.

>>24745531
gotchu senpai

>>24745976
>>24745976
>>24745976
>>24745976

>>24745864
Gold is unlike iron or copper as an element. Alchemists tried to create gold but to no success.

Bitcoin is only artificially scarce. You can still create Bitcoin with "alchemy".

Gold is relatively more valuable than copper. As a metal, its properties is superior to copper.
It could replace copper in its industrial uses.
The only reason we don't is because it is scarcer.

But anyone rich enough to have plenty of physical gold can use gold for many things copper do if they want.

Hence there is gold copper ratio, gold silver ratio, gold real estate ratio, etc.

Bitcoin is not a good/service. There is no value in and of itself. You can't measure how valuable it is against goods and services.