/biz/ - Business & Finance

show me the money!

>>25192493
Canada is so fucked.
https://globalnews.ca/news/2557900/canada-sells-off-remaining-gold-reserves-has-just-77-ounces-left/

From 2016:
>“The government has a long-standing policy of diversifying its portfolio by selling physical commodities (such as gold) and instead investing in financial assets that are easily tradable and that have deep markets of buyers and sellers.”

>>25192560
Based, gold will always beat silver

>>25192588
>>25192493
And for those who missed the last thread, here's some interesting data

>>25192588
>diversify by selling off gold completely

>>25192735
pic related gold bros laughing at Canada

>>25192588
Trudeau's own advisors thought this was a bad call, but his government did it and continues to do it. The next government to take power is going to have a heart attack when they actually get to see the real books for Canada.

Interesting new interview with Bob Moriarty: "We've Seen The Bottom For Gold & Silver, Junior Miners Will Be Up Substantially A Month Or Two From Now"

http://energyandgold.com/2020/12/26/bob-moriarty-weve-seen-the-bottom-for-gold-and-silver-junior-miners-will-be-up-substantially-a-month-or-two-from-now/

Especially this comment:

"Bob Moriarty: Yeah, but you just said something that, unfortunately, it’s the way most investors invest. They want to buy stock and they want to sell it high. That actually is a logical failure and that’s why they don’t make money. You want to buy and make a profit. You do not have to hold onto it until it hits a new high. There’s lots of stocks that you can make 100%, 200% a year. Buy and hold is probably a mistake if you are a true contrarian. If you’re a true contrarian you want to buy when everybody hates stocks. If you go to the chat boards, you’re certainly aware of CEO.ca. Everybody’s been out with their long knives trying to stab Novo, Irving, and Lion One. That’s exactly the time to buy, when everybody hates it."

Curious to consider these remarks in light of what he said about Bayhorse Silver a couple of days ago, which is the same price as it was in Jan. and completely hated on Stockhouse and ceo right now:

"Danny: You asked if I still liked BHS. I love it and own a boatload. I have a large position"

https://ceo.ca/bhs?11e850b0ce68

Bear in mind this is the man who was buying e. g. Dolly Varden at only 0.28 CAD (current price: 0.88 CAD).

http://www.321gold.com/editorials/moriarty/moriarty030320.html

>>25192962
>If you’re a true contrarian you want to buy when everybody hates stocks. If you go to the chat boards, you’re certainly aware of CEO.ca. Everybody’s been out with their long knives trying to stab Novo, Irving, and Lion One. That’s exactly the time to buy, when everybody hates it
So true. However I'll also add this little pic related that I just had to screencap just now, from the LIO board.

>>25192633
When GSR returns to the historical ratio, enjoy being the niggers of stackers

>>25192930
Crypto truly is a tool to enslave humanity

>>25192588
i wish you Leafs could put Trudeau onto a boat and ship him off to a Chinese gulag

>>25192588
ill take those 77 ounces if they really need the money. But first I want trudeau to kiss my ass

>>25192686
If you weren’t a dumb faggot you’d have both

>>25193101
probably already sold though lol, or maybe smuggled out inside somebody rectum since nobody is going to notice anyways

>>25192588
Rather unusual for an Arabian such as Justin to get rid of all his gold

>>25193128
>maybe smuggled out inside somebody rectum since nobody is going to notice anyways
My asshole is ready, where is the nearest Canadian Gold reserve depot?

>>25193169
think you'll have to visit Chang and ask him

50 year cup and handle
kek

>>25193115
Lol I do have both dumbass, I’ve never seen anyone get so defensive over the fact that gold is the better asset than you. You probably bought at $30 didn’t you?

>>25193206
OUR TIME IS NOW, SILVER BROS

>>25193227
Price averages are $1500 and $17 for a majority of my stack you nigger
My % gains on silver far outpace that of gold for a reason. GSR is your friend, don’t be autistic and ignore it

>>25192588
Here's a list of all the Countries which currently have no Gold Reserves. Let's see who else is on it besides Canada.
>Armenia and Azerbaijan are both involved in a war.
>Cameroon is in the midst of a Humanitarian Crisis
>Costa Rica is something of a non-state, having no military and being another Globohomo testing ground in some respects
>Nigaragua has just banned opposition from their elections.
To be fair, I don't really know anything about Kenya and Uruguay, but being on the same list as the rest of these places is pretty foreboding for Canada.

An interesting sign of Bitcoin bubble mania: even the ZeroHedge people are starting to prefer it to gold. Anybody questioning BTC is getting downvoted now. An example of a comment there with 10 upvotes:

"Yep, the question is do we go all in?! I'm going to I think, including the house. I like a wild ride!"

By contrast, I saw an upvoted comment about a week ago where somebody was whining that he would never buy mining stocks, because "He'd be down 40% within a week; been there, done that." Sentiment never higher for Bitcoin, never lower for mining stocks.

>>25193032

Thank you, very interesting post.

>>25193524
>going into the zero hedge comment section

>>25193462

DesoGames just did an interview on Palisade Radio all about Canada. He's telling people to get out of the CAD as quickly as possible before it completely collapses.

https://www.youtube.com/watch?v=7o8JfFbvfD8

Also changing his December COMEX default prediction to February, or at the very latest to a time within the next six months. He says that he's absolutely confident about it.

>>25193462
Wow, Canada sure is progressive with their decision to sell all their gold (and future gold)! Stunning and brave!
>>25193524
>Anybody questioning BTC is getting downvoted now.
>By contrast, I saw an upvoted comment about a week ago where somebody was whining that he would never buy mining stocks, because "He'd be down 40% within a week; been there, done that." Sentiment never higher for Bitcoin, never lower for mining stocks.
Something tells me we're going to see a big surge in new anons here at /pmg/ screaming about where to buy precious metals and which mining companies to invest in

>>25193396
I’m not ignoring the GSR, I’m saying that you start to get diminishing returns once your stack goes above a few hundred ounces. You’re SPECULATING that the price of silver will skyrocket, just like shitcoins, real estate, and stocks. There is no guarantee the price of silver will ever go to any amount of money, just like the aforementioned assets. The ATH and ATL of silver were both anomalies that occurred due to mass panic, not reason or logic. I’m not trying to tell you what you should be stacking, but your personal hope of profit is preventing you from looking at things through an objective lens

>>25193090

The Natives have a word for people like that: Kunlangeta.

>The Inuit people of Alaska have a word, kunlangeta, for “a man who … repeatedly lies and cheats and steals things and … takes sexual advantage of many women — someone who does not pay attention to reprimands and who is always being brought to the elders for punishment.” Anthropologist Jane Murphy revealed this in a study published in 1976. When she asked how the Inuit people dealt with a kunlangeta, one man told her, “Someone would have pushed him off the ice when no one was looking.”

Local solutions for local problems.

>>25193653

Silver in 1980 wasn't an anomaly, it was a return to fair value. 15 to 1 ratio with gold. It only went down again because fiat survived. This time, fiat won't survive. If Latin America remonetizes silver, expect better than 15:1.

>>25193583
i am fully prepared for hyper inflation making items like basic beef and chicken out of reach for a lot of the general population here. I expect to see a surge in "poaching" related charges as people go out in the bush for a deer or moose out of season for their needs.

Not a great picture but here is my stack.

>>25193583
I don't know what to think about the Canada numbers. It looks like broad money is actually getting hammered while narrow is going crazy (just like US but way more). Looking forward to listening to that interview tomorrow

>He says that he's absolutely confident about it
What if they just up the cash settlement bonus that Macguire was talking about? In Oct/Nov he said traders were getting offers of +$40/oz for cash settlement in gc. Metals desks are chump change for these banks. I feel like risk management would just tell them to pay whatever it takes to get cash settlement and force them to stop the next month. I don't see how it can blow up.

>>25193653
>your personal hope of profit is preventing you from looking at things through an objective lens
Objectively look at my cock and my balls you dumb fuck, Historical GSR is 1:20

>>25193756

Lads, thinking of selling my micro stack for 0.11BTC.
Talk me out of it

>>25193837
Buy high, sell low.

>>25193736
Same senpai. That's my mega bull case for silver (not why I'm buying). Mexico is going to come out of whatever happens still socialist. They will need monetary inflation and nationalizing a few mines (even being fairly compensated) would make it a lot cheaper for them.

Also, depending on how much gold china/russia actually has compared to the us/western europe, you could make a case for usa going on a silver standard on foreign policy reasons. If China and Russia actually have most of the world's gold, the US going on it would massively increase their rivals' wealth.

>>25193815
Lmao you just proved my point that you’re driven by emotion, I haven’t insulted you once and you immediately go into a flurry of swear words when I present a contradictory opinion

>>25193837
at least wait for some kind of small retracement in BTC. if itll let you have that anyway :P

Is it a good time to be buying silver/gold right now?

>>25193837
Why do you think BTC is worth much of anything now that everyone knows tether is a complete scamball?

>>25193837
great plan

>>25193937
Gold is always a good investment. Silver is okay too right now, if a little speculative in comparison.

>>25192560
Nice stack fren.

>>25193958
>Gold is always a good investment
>Cash is always a good investment

>>25194017
Gold is always a good investment for hedging against inflation*
silver is okay too for that if a little speculative*

>>25193915
>no response to the historical GSR point
And you should practice as you preach and look at things objectively. Might as well objectively look at industrial uses of the two metals while you’re at it
Faggot

>>25193736
>Silver in 1980 wasn't an anomaly
Yes it was, year high in 1980 was $49 an ounce then it crashed to $16 an ounce a year later, followed by two decades of single digit pricing.

>>25193763

It seems to me that there has to be a certain point at which the system does break. Otherwise, palladium never would have got free. The COMEX did a lot of cash settlements at that time also, but it didn't stop the price from breaking out and never looking back.

>>25193944

The BTC-pumping looks like a sign of extreme desperation to me. The authorities doing absolutely anything they can to keep people's attention away from physical gold and physical silver in this inflationary environment.

>>25194095

So far as the history of silver goes, 1980 was only an anomaly within the context of fiat money. If fiat money disappears, then data about PMs from 1913-2020 is no longer relevant.

>>25193944
well bitcoin is based on a belief. And people believe it's going to go up to 100k or whatever, so I think it will.
I like my metal and I made a bit on it but even doubling it is a long shot

>>25194153
palladium is looking awfully lot like BTC

>>25193936
I don't get the psychology, but I think any retractions won't last because there are a lot of motherfuckers out there waiting for it to drop and just buy in again and the prices recover

>>25194164

People are wrong to compare the gains of gold with those of Bitcoin. Gold is a store of value, not a speculative investment. The correct comparison is between junior mining stocks and Bitcoin, and most good silver juniors are still up 300% or more since January, even though we are presently at the nadir of tax-loss silly season, and many stocks are only half of what they were in August. Don't understand why somebody would buy BTC now, it has a $500 billion market cap--there's so little upside potential. That's 10x larger than the market cap of even Newmont Mining, the largest gold miner in the world. Bitcoin is going to zero when fiat does, because the Asian nations won't take it for payment of goods and services, so every day that you sit in you are at risk of losing everything. In fact, it might go to zero at any time for any reason. In March, it lost half its value in a single day.

>>25194164
That's the literal definition of a bubble. No one in crypto can conceive of a reason for prices to go down

>>25194080
The 1:15 ratio was enforced by the US federal government. When the bimetallic standard was abandoned the free market determined the ratio. And since then with only a few exceptions the ratio has remained anywhere from 60:1 to 100:1. The only way the ratio would return to 15:1 would be if the Fed decides to put America back on a gold and silver standard. But do you really think that would happen? Why would the government abandon its control of the citizens and the market through fiat currency to adopt a standard that would limit its power? Like I said your judgment is clouded by your emotions and you’re using mental gymnastics to justify your inane silver price predictions

Here's another great reminder for everybody.

How much money have you guys actually made this year? /smg/ and the coinfags have been rocking, how are the rockfrens doing? Merry Christmas!

t. /smg/

>>25194336
yeah they're quite different and sorry for being the pleb bringing it up in the pmg. I might just sell my gold and keep the silver, silver has more sentimental value

>>25194390
Started investing in October and have put maybe €4k into my investments. Missed the early train a little but I'm up 8.5% total with my miners right now. I'm beginning to understand things a little now, expecting great returns next year.

I'm NGMI. My stack is weak .

>>25194476

>>25192560
>>25193756
>>25193820
>>25194013
>>25194476
beautiful stacks

>>25192705

The more I think about this the more I see downside risk of gold, and I think it's something that merits more discussion here in general. Selling off all the gold like that is basically how a Keynesian true believer shouts: "No no no! Austrians are wrong, gold will NEVER be money and I'll prove it! REEEEE!"

It was ideological, basically throwing a tempter tantrum and doubling down in a destructive way rather than admitting to being wrong. They're basically jumping off the cliff to refute gravity (and taking everyone else with them), and until they hit the bottom it'll look like they were right.

The big risk is this: what if their fellow travelers in a new Biden admin start selling off US Treasury gold?

We can see they hate gold and want to try to stop it from being money ever again. They could keep gold down another decade easily by doing this. Obviously this would hurt the dollar's reserve status that they also desperately want to keep, and in it would only push gold's eventual dollar price higher.

Worth thinking about anyway, IMO. Good reason to diversify into other commodities.

>>25194675
While I'm not too knowledgeable to Keynes' teachings, I've heard many people say that Keynes would be spinning in his grave if he knew about the TOTAL STATE of the economy right now.
I think Canada selling its gold reserves was more about short-sightedness, the need for a quick buck to sustain things as they stand. The need to keep up the status quo. It's like politicians can't see farther than the second term.
>Good reason to diversify into other commodities.
Definitely good to diversify to some base metals or other commodities. I really should sit down and try to understand the agri industry at some point.

>>25193944
I think everyone knew USDT was a scam since it’s inception back in 2018

>>25194780
>I've heard many people say that Keynes would be spinning in his grave if he knew about the TOTAL STATE of the economy right now
More on this? Keynes is probably cooming I’m his grave over the amount of QE modern economies use

>>25194631
Why did you silver plate a mushroom anon

>>25195033
Hayek said that Keynes was starting to get worried about his followers towards the end of his life. Hayek said Keynes would put out a new book if it became necessary, then he died. Of course Keynes was a sociopath and Hayek might have been a Fabian trojan horse, so who knows

>>25195569
I know the two were close friends, but this is the first I’ve heard of Keynes doing this
Curious if you know any links to articles/books/letters/etc by Hayek on the subject, I’d like to read more about it

>>25195033
>Keynes is probably cooming I’m his grave over the amount of QE modern economies use
Outside looking in, I doubt Keynes would've liked that.

From Investopedia (https://www.investopedia.com/ask/answers/012615/what-difference-between-keynesian-economics-and-monetarist-economics.asp))
>Monetarist economics is Milton Friedman's direct criticism of Keynesian economics theory, formulated by John Maynard Keynes. Simply put, the difference between these theories is that monetarist economics involves the control of money in the economy, while Keynesian economics involves government expenditures. Monetarists believe in controlling the supply of money that flows into the economy while allowing the rest of the market to fix itself. In contrast, Keynesian economists believe that a troubled economy continues in a downward spiral unless an intervention drives consumers to buy more goods and services.

So I guess Keynes would tell the government to make new laws or programs that would encourage or give the incentive to people to spend money, while the current MMT system simply brrrr's money and pumps it into assets

>>25195645
It's just interview stuff. Just youtube hayek interviews from later in his life. They weren't really friends to my knowledge

>>25194358
>The only way the ratio would return to 15:1 would be if the Fed decides to put America back on a gold and silver standard.

Mining ratio is ~7.8:1, and most freshly mined silver supply plus billions of ounces of old recycled/scrapped silver has been quietly bought and used up in the electronics, communications, military, renewable energy, battery and medical industries. Gold primarily gets vaulted with minimal amounts used up and lost to industry, whereas Silver is critical for thousands of applications and among the few elemental bottlenecks of the world's technological trajectory. Gold is lovely but predominantly just a financial asset, Silver has a rich monetary history but appears to be the structural backbone of the 21st century and beyond, a fact which all relevant industries requiring gargantuan quantities every year have been desperate to keep a lid on. With a 300,000,000+ Ozt supply deficit just this year, that cat has nearly clawed its way out of the fraying bag and I'm not going to be holding retard shitcoins, fiat, or too much gold when it happens. It's the current year bro, and Silver becomes more and more critically vital to the functioning of the modern world with every new application discovered or gadget brought to market. It's not 1870 anymore, silver's monetary history is irrelevant to its future demand curve, though it certainly doesn't detract from the ancient instinctive appeal.

Your judgment is clouded by your emotions and you’re using mental gymnastics to justify your inane silver price predictions.

>>25194358
Hmmmmm, he never responded to my post. Perhaps he knows he’s wrong but just doesn’t want to admit it?

You are buying graven images. Sell your precious metals or you will be sorry.

>>25195922
I will now sell all of my precious metals, along with all of my physical holdings including my housing, my clothes and my organs to buy bitcoin.

>>25195863
It looks like you’re approaching it from an industrial standpoint as opposed to the other guy who approached it from only a monetary standpoint. I know that silver is a technology-critical element and a lot of the arguments for it mooning based on industry are sound, but answer me this: Why have platinum, palladium, and rhodium all mooned, but silver hasn’t?

>>25195690
>They weren't really friends to my knowledge
They became friends in England during the war, and kept in contact the rest of their lives. Most of their back and forth on economic theory was done through personal letters to one another. It was a rather funny relationship honestly

>>25195916
Perhaps you were ignored for being autistic
What part of “historic” GSR do you not understand?
>guhhhh America set the ratio arbitrarily at 1:15 so it’s wrong
>”Historically, the gold-silver ratio has only evidenced substantial fluctuation since just before the beginning of the 20th century. For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady.”
>”The Roman Empire officially set the ratio at 12:1. The ratio reached 14.2:1 in Venice in 1305 and remained at this level up until 1330 when it fell to 10:1. In 1350 it fell to 9.4:1 in some places across Europe. It climbed back to 12:1 in the 1450s. The U.S. government fixed the ratio at 15:1 with the Coinage Act of 1792”

https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp

Now please fuck off

>>25195922
Stop trying to use our God against us Pajeet, we won’t buy your shit coin. I stack for myself and for His glory

>>25196253
You can’t compare the historical ~15:1 ratio to the modern day, because since the third industrial revolution silver is primarily bought and sold as an INDUSTRIAL COMMODITY. This combined with the fiat money system let the price of silver be determined entirely by the FREE MARKET and NOT government.

>>25196380
Your main issue is your inability to comprehend silver as both an industrial metal and a “money” metal.
It’s both
That’s why saying shit like
> I know that silver is a technology-critical element and a lot of the arguments for it mooning based on industry are sound, but answer me this: Why have platinum, palladium, and rhodium all mooned, but silver hasn’t?
Is fucking retarded dude. Have platinum, palladium, and rhodium been artificially suppressed because of their value as monetary vehicles?

>>25196142
JP Morgan isn't manipulating the price of palladium

>>25196695
*yet

>>25196695
If I was a billionaire autist, I would buy a SHIT ton of palladium and other ultra rare industrial metals and manipulate the price.

>>25194390
The gold guys preserved their wealth, with some pretty good appreciation. Silver guys made quite a bit this year from appreciation while also preserving wealth. Miner guys made an absolute killing. All according to plan I guess, Merry Christmas!

BTC is receiving the wealth transfer usually allotted for gold/silver

>>25197103
more for us then

Precious metals are idolatry. Graven images on every coin.

>>25192493
when are my MUX calls gonna print bros?

>>25192493
Thoughts on Palladium and Platinum? I would like to buy some precious metal coins but want all the same metal and like the look.

>>25197016
the smart money would be to buy up most of the high value palladium prospects than pay for 10 years worth of exploration work, than just sit on the ground. You control the ore, you control the supply.

>>25196380
>Hmmmmm, he never responded to my post. Perhaps he knows he’s wrong but just doesn’t want to admit it?

>>25197201
100oz Canadian mint bars would beg to differ

>>25197201
>>25195922
Can someone pull Pajeets internet plug?

>>25197295
*Reads the dogs of war once*
Anyway anons I bought a bunch of Aussie junk silver lots over a quarter below spot. Look how depressing the description is.

>>25193583
I believe the thesis that the Comex is going to default. But, respectfully, you have to admit that it makes those of us who believe it will collapse look a little foolish when we keep pushing the date back. First September, then December, now February. Not trying to be rude, just considering the optics of repeatedly moving the goal posts.

>>25192493
gold is trash will mine asteroid bye bye

>>25197670
Jesus, dude...
Also, what website is that?

>>25196142
>Why have platinum, palladium, and rhodium all mooned, but silver hasn’t?

I don't think I'm qualified to answer this, but one approach to explaining why is the sophisticated 100+:1 paper rehypothecation of actual ounces in inventory allowing for manipulation of gold and silver prices via trading fundamentally unbacked contracts, precisely because of the historical monetary aspects of the 2 metals and their diagnostic utility in highlighting weakness in fiat. If allowed to trade more like the Platinum Group Metals do currently, with less focus on passing paper around and more of a "cash and carry" model then actual scarcity would be apparent to all and prices, especially for silver, would see a palladium-tier move to the upside. Central banks and industrial users alike don't want to see that happen and thus far have been able to keep a lid on things, but I sincerely doubt their suppressive schemes will weather the coming Global fiat shitstorm. Investors seeking glorious gainz buy when something is unloved and the masses being led by grateful bankers and the perfidious MSM are chasing stuff like BTC. Let them have their fun, us stackers and mining stock investors will have ours soon enough.

>>25197734
Bruh tell me more about this asteroid mining. How the fuck you gonna do it with today's tech?

>>25197762
It's ebay. He didn't have silver mentioned anywhere in the item description which is why I think I was able to get them cheap. I referenced the dates with my catalog book, most are sterling coins, some are 50%.

Just had fun thinking about what would be the best way for a rich multi-millionaire to profit from miners in the long term. It's probably obvious but it never crossed my mind before. The first answer to come to mind would be that people like Sprott who are financing companies right now are the smart ones. But wouldn't the ones who dare to finance companies with good ground during a bear market be the true smart money? They would finance explorers/developers just enough financing to keep the company alive while slowly accumulating ownership with periodical PPs, and when metals begin a bull phase you would not only have a lot of shares bought at dirt cheap prices, you wouldn't even have to wait for good drill results as share prices everywhere would appreciate even before assays start coming in!

Just a thought I had, not sure if that would be a smart thing to do.

>>25197834
Nice score anon, eBay has great deals if you know what you're doing. Did you say you got them for 25% or $.25 under spot? Either way, the sterling aussie coins are awesome pieces I've always loved them. Bought a flat full at an estate auction for peanuts (like a buck an ounce lol) when I was in 6th grade while the dumb boomers and older farts were bidding common US coins to the moon. Before smartphones it was easy to get great deals on foreign coins since most burgers were (and still are) pretty ignorant about the rest of the world.

>>25197951
This is the entire idea behind Gold Mining Inc. (GLDG). Basically spend an entire decade during the bear market accumulating properties that had resources but weren't solvent to develop when gold was $1500 (and were sold off by those who needed cash).

>>25197951
Thats exactly what happened over the last few years, during the bear market period quite a few explorers either went totally dormant or bankrupt and vanished. A few enterprising individuals kept projects like Barkerville Gold going and made money that way, quietly building them up while the markets ignored them, than were ready when conditions improved. The issue is these projects need massive amounts of continuous funding to operate, and its very hard to attract investment to your project in that situation. That sort of situation favors properties that are easy to access from roads and have nearby infrastructure, while more remote projects stave for cash. This is why much of the Golden Triangle properties were dormant for so long, it was to impractical to finance these projects in a bear market even if parties were interested in them.

>>25198102
25% under spot. 43 for a little over $60 melt value. I'll likely keep some to add to my coin book and then see about selling or trading the rest for bullion.

>>25197800
shoot a robot at an asteroid and get it to mine it?

>>25194476
I doubt that. You have two ounces of gold, which fewer have than a stack of all silver. You're gonna make it.

>>25195922
>>25197201
DESIGNATED

honestly im thinking of converting the rest of my crypto into PM. that will give my another 100oz of silver. with stablecoins at ATH, how long until great dump and support at half price?

>>25198151
>>25198142
>The issue is these projects need massive amounts of continuous funding to operate, and its very hard to attract investment to your project in that situation
That was my hesitation with my thought process yeah. But I suppose funding/buying out companies with well-developed prospects with well-developed infra is a good long term strategy in a bear market

some lucky bird watcher in the UK hit the jackpot, too bad they only get a finders fee for finds like this! https://www.thetimes.co.uk/article/birdwatcher-looks-down-to-see-record-celtic-coin-hoard-glj6s3jpl

wen mux

>>25198335
>>25198352
>>25198365
glad to see someone saved them, that anon put alot of work in them

>>25193837
You’re making the literal classic mistake. You’re gonna sell one position near the bottom to FOMO into another one that’s at all time highs. Buying high, selling low. If you want to put some money into Bitcoin, that’s one thing, but don’t sell your metals to do so.

>>25193583
>CAD is going to completely collapse
Most of my positions are priced in CAD what do

>>25198335
>>25198352
>>25198365
When I first saw them a couple months back I liked them but didn't understand enough to truly appreciate the creativity and work put into the dialogue here, or the socio-economic commentary. Glad you posted these, now I can finally download these on my computer understanding what is going on. Thank you anon!
>>25198813
Definitely. One of the best shitposts here

>>25194390
Bought the miner top in July/August, so no gains to be had for now
I'm in for the long run anyway

>>25198946
What miners you got anon? There are some bargains right now

>>25198861
how is that a bad thing

>>25197250
I’ve said it in these threads before and I will say it again. I think the best option if you want exposure to platinum and palladium is to look into the companies that mine those metals. It’s a very thin market on the physical side and the buy/sell spreads are very large. I own a lot of SBSW.

>>25198959
Yeah I've still been accumulating but I blew most of my powder already
Got some SSE and Butthorse recently and eyeing Nicola for when I have cash again

>>25198983
>My miners are MOOOOOONINGG
>Still the same price when converted out of CAD
>Oh

>>25198861

Same here. I don't even have enough money to move out either. I'm seriously fucked too.

>>25199101
Bayhorse is at a good, fair price right now. SSE is also at a low price although it might take some months until they can finally begin drilling at Pino. Of Nicola I don't have too much to say other than that they seem like a good deal thanks to their mill (though no thorough DD done on my part so that's about all I can say).
If you want some alternative options (mostly on the gold side), I can recommend some miners worth looking into.

Your coins have graven images on them. Sell now. Buy bitcoin before its too late.

>>25193611
>stunning and brave
fucking kek and a half anon. The boys are on fire tonight.

>>25198544
>>25197236
so an honest topical question cant get replies, and a stack pic with dubs can't get replies. are you sure this is the true /pmg/ and not just some lrddit outpost for metalfags who can't into the slightest whiff of dissent?
what is the secret sauce i'm missing? i've been here for 6 (six) years. i can get yous on every other board fit for a white male. but /pmg/ is a no go. answer my fucking question you fucking kikes.

>>25199182
Nicola went through a really rough patch during the last bear market and are only recently recovering if I remember correctly, their mill is a great asset though, there are so few contract mills left in BC for processing base metal ore, without them the small time private miners couldnt even begin to make a go at producing.

SSE has some good ground to work with, including that territory in ontario, but their Pino property will likely be a major win or loss for them depending on drill results. If the ore doesn't go to depth or the ore grade doesn't trend with depth than they wont get very far.

>>25199254
sorry mate thats not my specific area of expertise. MUX went through a really rough patch recently, hopefully they can do better this coming year.

>>25199318
They paid down their debt from like 20m to 5m so they're on a good trajectory.

>>25199254
Hold on lemme ask my crystal ball. You will get great returns in exactly 452 days, 22 hours, 42 minutes and 5 seconds. You're welcome
>>25199318
Thank you for the input Pan Man. Again I obviously can't say anything about Nicola but I concur on SSE. The company is not something I would recommend people to invest in, but something I would cautiously inform people of. As always I tell people to "look into" or just straight up "do their due diligence" exactly because of things like this.

LOL, DON’T SHILL THIS SHIT TO ME
I KNOW HOW TO MAKE INVESTMENTS
MY WALLET WITH MTLX AND THIS IS THE EASIEST WAY TO GET PUMP NOW POOR RETARDS CAN’T GET IT

>>25198941
You're welcome anon

>>25192493
anybody else work in gold mining?

>>25199426
exactly my sentiment as well. IF SSE can prove that ground up they win but its so sketchy to go into right now. That region is also well known for exceptionally high grades due to oxidation on surface, but grades cut off at depth. It could be 50/50 on Pino that happening.

>>25199456
Pan Man and a couple of anons have experience working or are going to work in the industry. I recall a British fellow here who is going to begin work in a mine owned by Scotgold. And then there's of course Big Bob, he's great

>>25199318
thanks pan, how is mux not your area? you mean because you focus on smaller tickers? and mux is just a large cap slowly dying... was worth a shot. My calls are still two years out. I guess I'm holding to zero, cause I'm not selling a spec at a loss. And speaking of spec don't get me started on GO. remove latka.

got a tax question guys.
>bought crypto with cash on coinbase
>had little to no gain
>transferred crypto to private wallet
>after transfer it started gaining wildly
>bought PM with crypto

as far as I'm aware the feds wouldn't be aware of my crypto gains in my private wallet right? also, my purchases of PM wasn't over 10k for the year so no taxable event was generated. how is the IRS gonna fuck me on this or am I good?

>>25199486
I might put aside fifty bucks just for fun whenever they get the drills turning (if the share doesn't pump unreasonably high when they begin). Not a lot to lose but possibly some nice short term or even long term money to be made if the ground proves to be as good as their geo anticipates

>>25199504
sweet i work at a major open pit, was wondering if there were others

>>25199507
I am thinking they can come back from where they are, they just had a horrible year. Dont loose hope mate. I meant that since I am not a financial guy, I couldnt help you with calls thats all. Although I also am not as well versed in the companies properties either.

>>25199557
I am worried they wont be able to come to terms with the land owner or the land owner could bring SSE to arbitration over some bullshit after they hit it big. Stupider stuff has happened in Mexican mineral exploration.
>>25199564
big old copper pit? which company, also welcome to PMG mate!

>>25199564
Ooh cool, you drive one of those monster trucks? Which mine do you work at? Pan Man for one will begin work at Barkerville Gold Mines' underground gold mine whenever they get the green light

Also totally unrelated but I just have to post this, it's very nostalgic and came to mind when thinking about big mining machines
https://www.youtube.com/watch?v=azEvfD4C6ow

>>25199616
copper and gold. newcrest.

>>25199620
no I'm an engineer. nice, BGM is not far from where i libve.

https://www.jmbullion.com/investing-guide/taxes-reporting-iras/gold-silver-cash-reporting/

the way im comprehending this, I'll only have to pay tax on gains made on coinbase and since all my crypto gains were in private wallet I should be good to give the feds the finger. I bought less than 10k of PM and these guys don't report it to the government. Never have I converted back to fiat money so I guess I'm good.

>>25199655
What's the work like? I've been entertaining the idea of studying some engineering and going to work at a mine myself.

>>25192493
Bitcoin 26500
Bitcoin +35% from ath
Gold crashes from ath
Silver crashed from ath
What went so horribly wrong?

>>25198405
anon take out what you put in and let the rest ride, take profits out and put it into silver,

How did all those institutions dumping their metal positions for bitcoin at 18-19k get it so right?

>>25199655
You at Red Chris mate? Thats a major operation.

>>25193870
>>25193937
buy when others are scared, and sell when others are greedy

>>25199694
i love it. its a great split between office work and field work, which you don't get with most other engineering paths.

If you are American I would suggest going to Montana Tech to get your mining eng. Great school and town. Canada has a whole bunch.

>>25199757
yep. great place but im halfass trying to find a job with a better rotation. 3 weeks is a very long time to be in camp.

>>25199844
whats the weather out there lately? I ve wandered all over that area nearby where GT Gold and New Hawk have territory across the way from Iskut. Lovely region to work in.

>>25199903
cold and extremely windy

>>25199947
I ll have to get back out that way sometime, but for sure not in the winter lol. So much prospecting potential out there still.

>>25199519
Anon, the feds have access of every action you make with crypto. Whether they choose to look at it or not is another thing
Being under the 10k ceiling is good. If Coinbase or your private wallet prompt you to file taxes on it, then do it for sure. Otherwise things *should* be okay

>>25192493
New stacker here, can anyone recommend me coin cases/holders for storing my new coins?

>>25198365
>>25198352
>>25198335
Needs more bent bars but otherwise perfecto

>>25200296
depends what you have, I keep all my bullion (I only stack ASEs and AGEs) in mint tubes, but I either buy slabbed coins or keep them in 2x2s in my actual coin collection

>>25200296
I keep mine in a home depot bucket in my basement

>>25200404
BASED

>>25199519
Started gaining wildly, sold for pm. kek pure retardation

>>25200489
he is the smart money
you are the bagholder

>>25200489
i've still got 100% of initial investment in the wallet. I've been profit taking. Sorry but hindsight is always 2020.

>>25200546
Smart choice to put some of the profits aside to preserve wealth

>>25200460
>t. the barbender

>>25200604
overwhelmingly based

>>25199183
If I buy this will you shut up, Dinesh

>>25200578
that's been my goal even before it went to the moon. Sure, if I put my whole savings wad in there I'd have 100k in crypto but really no one expected this gain. I also took out my 401k under the CARES act and have been investing in stonks. I'm in GAINZ gang in that shit too but I understand stock taxation.

>>25192493

Planning on buying Jan 2022 25C Barrick Gold LEAPS next week with up to 1/3 of my portfolio.

Good or retarded play?

>>25192588
The problem with this is that when the world financial system fails Canada will immediately realize it's folly and move to quickly remedy it by nationalizing all of Canada's gold mines. Invest accordingly.

Just read this fantastic article from 1995. It's very long but absolutely nails some of the issues we currently have in our global economic system, as well as gives an extremely well defined voice to some of my personal concerns with the classical capitalist philosophy, which I partly disagree with. In any case, just felt like sharing it because I enjoyed reading it so much. If any of you anons wants to read it, here you go
https://www.theatlantic.com/magazine/archive/1995/10/if-the-gdp-is-up-why-is-america-down/415605/

>>25199183
i'm pretty sure there are graven images and the worse on the blockchain

i really do enjoy laughing at all you pathetic silver worshippers. i run a death cult and i’ve been in the idolatry business for 30 years now. you people are the most pathetic i have seen in a long time. none of you will ever be as successful as me no matter how much unholy silver you idolize.

>>25201721
Lmao based bob

>BTC making a new ATH almost daily
you know i like gold and silver and actually own some physical, but you are fools if you dont have any position in BTC.

>>25201721
i love this general

>>25201721
based Bob at it again.

>>25201721
>i run a death cult ... for 30 years now
not a very successful one i take it

>>25201721
>>25201887

>>25195863
>300,000,000 oz deficit
Silver was over produced for the last few years and supply outpaced demand. Where are you getting your numbers from?

>>25202202
Probably the newest Silver Institute report

>>25202202
https://www.numismaticnews.net/coin-market/record-silver-shortage-in-2020

ETFs are probably full of shit and chocolate ingots, but as with Uranium supply, this year has done some damage to total actual production numbers.

>>25199426
thanks for the faggoty reply. i'll just continue to stack on my own if i can't get any honest talk here. next time just admit you have nothing to say instead of trying to be smug. sorry for asking about a pm mining company in the metals general.

>>25202509
It seems you didn't understand what I was trying to imply, let me be a little bit clearer:

Stop acting like an entitled bitch. Do your DD before investing. You wouldn't be asking a retarded question like "when will I get returns" if you had done proper research beforehand yourself.

>>25199183
Your coin has the mark of the devil himself. Sell now yet it'd be too late. the prince of deceit aided by the governance of man shall rob you of all your own governance. Hark I counsel you to buy from gold refined in the fire, so you can become rich; and white clothes to wear, so you can cover your shameful nakedness; and salve to put on your eyes, so you can see the correct path before you.

>>25202340
>>25202379
So a ZJ6752 could be going on? If none of the authorized participants in most funds take delivery though a problem won’t manifest itself. I guess that’s the price suppression everyone is talking about?

>>25202566
Doing DD and asking a speculative question are completely separate. I'm getting
>>25200460
Virgin deposit box vibes from you.

>>25202753
He asked "when are my MUX calls gonna print bros?" not only once but twice and when everybody ignored a retarded /smg/ question like that he threw a hissy fit and called everybody here kikes.
>Doing DD and asking a speculative question are completely separate
He obviously has not done any DD on the company, if he had he would have at least some kind of bearing about what to expect of the company on the NR/catalyst/future share price appreciation front. There's speculative questions and then there is being totally informed and acting entitled to being spoonfed.

>>25202863
>There's speculative questions and then there is being totally informed
totally UNinformed*

>>25192962
do you guys consider taking a solid position in your main core stock first, or do you invest like a small portion in every stock you intend to invest into first; having a feet in your 10-20 compagny you wants first kinda.

>>25203141
If I see an opportunity arise I like to pivot and change my initial plans. Case in point: was about to invest in BRC when I noticed the ME came out with a big news release. I did some light DD and decided that I would instead put the money in ME, and got good gains.

But other than things like that I like filling my favorite positions first. In the process of doing that, will add more LIO and NHK, and some more ME and BRC afterwards probably.

>>25203211
yeah, same here. I've 6 position left to fill in my PF, already have the name. Would like to first invest big in Irving, Lion one and Dolly varden before the other but I'm hesitant about just throwing 300$ in all of them at once first. Taking a big position first would mean not entering before 3-4 month in some of them since I can only put 1k per month.

>>25203359
>Would like to first invest big in Irving, Lion one and Dolly varden before the other but I'm hesitant about just throwing 300$ in all of them at once first.
You could look at the charts/NRs and see whether they're at a good point of entry. For example if the share looks oversold or if there are drilling results pending it might be a good opportunity to buy that company first. Time is of the essence so think about which will go up first I guess

On the short term (next week), how is the market going to move?

Due to the successful Brexit deals a few days ago, the Euro and GBP are set to gain a lot of value, thus decreasing the value of the USD, thus increasing the price of commodities.

But how much is it going to go? Europe is still knee deep in shutdowns so the rise of EUR and GBP should not be too much.

Bumping with waiting for drill results from Scottie and Ascot resources in the new year.

>>25203908
Scottie has more drill results than the ones they had in early dec?

>>25204219
I am pretty sure they are going to do some winter drilling this season but i ll double check in the morning. It probably will depend a lot on the weather though.

>>25198449
>notified relevant authorities

>>25198861
Don't know, I'm USA, have some positions in CAD and some in USD. Was told that some stocks have so little volume it may be better to have the primary tsx symbol so that you can actually sell the stock when the time comes. The currency issues are troubling though for sure

>>25200277
>if your private wallet prompts you to file taxes
This is why you guys shouldn't talk about btc

ok where do i go from here

i got around 80K in Physical metals
95k in cash
85k in stocks 5k are in mining stocks
.1 BTC

>>25199706
Gold is not speculative asset. Gold doesn't get more valuable when fiat hasn't collapsed. It's just that the US dollar is becoming worthless. Gold itself doesn't get more valuable.

Pic related is M2 to gold ratio. It goes sideways for the past 5 years, which means that despite the spike in M2 this year, gold doesn't really increase in price when adjusted for M2. It's just that the dollar is devalued.

bumping with gold photo cuz i cant sleep.

>>25205179

>>25205051
Buy land

Bob Moriarty chooses Lion One (gold), Eloro Resources (silver), and NuLegacy Gold for ceo.ca stock picking contest:

https://ceo.ca/nug?dc7c0a628e23

The case for Eloro, for anybody who is interested: their property is located in Potosi, Bolivia. Potosi has been mined for hundreds of years, produced around two billion ounces of silver, and Quinton Hennigh says that there are over a billion ounces still in the ground. The history of Potosi:

"A little bit of background on Potosi will quickly alert a junior mining investor to the vast potential that exists here. When the Spanish Conquistadors first arrived in South America, Potosi was one of the first silver discoveries made when a farmer slipped on a mountain ledge and uncovered a sheet of almost pure silver under his feet. This discovery happened in 1545, and over the next 200 years more than 40,000 tons of silver were shipped out of the town. Mining in the 16th and 17th centuries used archaic methods and a lot of manpower. They didn’t go very deep because they simply didn’t have the tools to do so, therefore, most of the silver extracted from Potosi was near surface."

Bob Moriarty chooses Lion One (gold), Eloro Resources (silver), and NuLegacy Gold for ceo.ca stock picking contest:

https://ceo.ca/nug?dc7c0a628e23

The case for Eloro, for anybody who is interested: their property is located in Potosi, Bolivia. Potosi has been mined for hundreds of years, produced about two billion ounces of silver, and Quinton Hennigh says that there are over a billion ounces still in the ground. The history of Potosi:

"A little bit of background on Potosi will quickly alert a junior mining investor to the vast potential that exists here. When the Spanish Conquistadors first arrived in South America, Potosi was one of the first silver discoveries made when a farmer slipped on a mountain ledge and uncovered a sheet of almost pure silver under his feet. This discovery happened in 1545, and over the next 200 years more than 40,000 tons of silver were shipped out of the town. Mining in the 16th and 17th centuries used archaic methods and a lot of manpower. They didn’t go very deep because they simply didn’t have the tools to do so, therefore, most of the silver extracted from Potosi was near surface."

https://ceo.ca/@goldfinger/a-junior-silver-explorer-that-checks-all-the-boxes

https://www.thehedgelesshorseman.com/eloro-resources/eloro-resources-a-large-untested-systems-among-giants/

Also good management, which is constantly buying shares on the open market (see SEDIs).

>>25200515
Bagholder that’s up 400k this year from a nice 5x from bitcoin and I didn’t even get the lows, cope harder loser

>>25205200
Yes, gold preserves what you have at the time, bitcoin multiplies wealth, always has since inception always will, big difference

>>25206123
Gold preserves wealth.
Bitcoin is a speculation.
As a speculation, it can bring you wealth, or it may reduce your wealth by 84% like how it did just 2 years ago.

>>25206123

Bitcoin has underperformed silver junior mining stocks this year, and that is even taking into account that most are at half price or more right now because of tax-loss silly season, which comes to an end in a few days. If you wanted to be a wise investor you would be selling your Bitcoin and getting into miners at the lows, rather than advocating for a $500 billion mcap scam without a use-case, and praying that something with so little upside potential continues to go up. BTC will never go 150x or more in the way that mining stocks will do at $50 silver; it's extremely boring as a speculative investment. Even Newmont only has a $50 billion mcap, and that's the largest gold miner in the world. Bitcoin will never be money, because the Asian nations will never accept it for their production. It's a temporary banker scam propped up by Tether, just as stuff like TSLA is by Q. E. DesoGames shows that the bankers are pumping it on the futures exchanges, >>25193583 and Peter Schiff has pointed out that every single guest on the MSM is a Bitcoin pumper. This investment will not end well for you, unless you trust that authorities have your best interest in mind.

>>25206123
kek my greatland gold which i first saw shilled here is up over 10x and will do an additional 10x from here, easily. anyone who bought just months before me is up 20x already.

your vapourware shitcoins are nothing. the only ones that will survive will be stuff like chainlink which provides actual utility and value to society.

>>25206269
“Pumping btc” meanwhile schiffs been posting ridiculous gold calls for over a decade now that got him banned from cnbc for being so wrong and people losing so much in his fund, the dudes pathetic you might wanna Check how his funds doing and how happy his clients are
https://topratedfirms.com/brokers/customer/europacificcapital-review.aspx
Kek you Plebs always shilling your scammy paper miners, ah naaaa durrr see this tiny scam miner it’s gone up 20x while 50 others went to 0 the next year, see they’re superior. Never change poorfags

>>25206397
You'll still never be a woman

>>25206269
>if vangold and impact silver goes x150, I've like 500k
Its truly hard to imagine this kind of gain but holy molly I would be happy. They don't joke when they say you need just one or two stock to go berserk.

>>25206397
WOAH are you telling me a GOLD SALESMAN promoted gold and gave an optimistic prediction on the price of gold, which turned out to be WRONG!? holy fuck, i guess gold and silver aren't a store of value after all. when the bitcoin zillionaires fund a time machine ill be sure to hop back in time and let my ancestors know.

>>25206397

>banned from cnbc

Do you consider being censored by the mainstream media a sign that somebody is on the right side, or the wrong side? Because I consider it a sign that they are on the right side. Imagine an NPC attacking a dissident doctor who is against the Pfizer vaccine, by saying that "he's been banned on CNN." That's what you sound like right now.

>>tiny scam miner

Hahaha yes of course. We study companies, understand financials, management, ounces in the ground, invest on the basis of value, those are scams. But a pumped banker plaything which is worthless, not merely intrinsically, but even as a currency, is an intelligent investment.

>while 50 others went to 0 the next year,

Look at my list of small caps from June, investigate it. Almost every one of these stocks is up enormously. Aurcana for example, up 300%. Not a lot of "going to zero" when you take a rudimentary bit of effort to understand fundamentals. List doesn't include stuff which I introduced here later in the year, like Klondike Silver and Vangold when they were at the bottom. ceo.ca makes it very easy to do research and avoid scams. The good mining stocks are widely known.

>>25206390

Funny, I was the one who used to bring up that stock on /biz/ (can see it here in my outdated list of small caps). I only sold it because I decided to go almost entirely into silver, but am glad to see that it has continued to do so well.

>>25206450
>>if vangold and impact silver goes x150, I've like 500k

i have no trouble envisioning this happening. the question is, what will 500k actually be worth by the time it does happen?

>>25206450
Tfw I'll only have 55k if Vangold goes 150x
But that's what my other positions are for

>>25206662
if you're also the based miner bro that shared the 'miners go up 150x in a bull run' esoteric knowledge and shilled me klondike at $0.055, than thank you. i owe you a fucking beer bro.

>>25206662
you glazed over so many years of bad reviews on his fund, how’s your answer to that? I can see why his banned, he scared people out of equities and into gold before a massive bull run, scared them out of property in 09-10 before another rebound and boom, he’s been fighting and fudding btc since it was $10, he’s been shilling for 5k gold for over a decade. The only reason he has money is cause he sells gold with a heavy markup and profits off fearful tards who jump into his fund with high commissions, if it were off his own back he would be broke, by his own admission on that interview nobody should have more then 5% of their net worth in gold

>>25206748
WHO GIVES A FUCK ABOUT SCHIFF he's one man(a jew at that) and isn't the metaphysical representation of an entire element. your also ignoring the many times he has been correct about many macro economic issues

this might come as a surprise to you anon but some of us actually do our own homework and dont blindly follow the advice of one analyst or another.

>>25206748

Schiff did extremely well from 2001-2011. The index of all miners alone went up 1700%, and that includes the large-caps and horrible mining stocks. He was telling people to buy gold at $200, he kept people out of the Housing Bubble and Dotcom Bubble. His fund didn't do well after 2011 because he never imagined that the Fed would be so insane as actually to destroy the dollar and the U. S. economy, simply to give the bubble economy nine more years of life. But Q. E. has caused real yields on ten-year treasuries to become really negative, and 2018 proves that they can never go up again without crashing the system, so this really is the end now.

>>25206678

In 2001-2011 a lot of silver juniors went 150x. First Majestic Silver was one of them, can be verified on Google. In 1962-1968 the 150x gains were real in terms of purchasing power, so no reason why they shouldn't be so this time also. Especially since silver has to get to $800 to reach its inflation-adjusted ATH, which is not merely double of what it is now but 30x. Which means that this is going to be the greatest silver-miner bull market in history.

>>25206731

Thank you.

nugget bumping again

>>25206857
Silver miner anon is back!!! This man is a god among men here. Show some respect cryptocucks because when all is said and done the ones that listened are going to be the only ones left standing. God speed Silver miner bro.

>>25194476
Quick reminder that you still have more than 90% of people, and 99.9% of people when you discount jewellery.

>>25193206

>>25207615
She’s purdy

>>25207777
>fucking quads
ITS HAPPENING SILVER BROS, SECURE YOUR STACK WHILE WE ARE SUB $50

>>25206857
what do you think will be the gains for medium cap like 200-300MC ? The closest article I have is this https://seekingalpha.com/article/4394716-first-majestic-silver-upside-potential-you-think

>>25193524
he’s right though, gold has higher inflation then bitcoin and bitcoin has a fixed, transparent supply, nobody knows how much gold is pulled out of the ground every year, that’s all transparent with bitcoin and immutable. you idiots can trust the jews aren’t dumping mega bags on your heads while metals continue to underperform

>>25207723
i doubt even 1 in 10 have >30 oz of silver including jewelry
i'd guess most people don't have more than a 1 toz and less than 1 in 10 actually have more than 1 toz (unironically mostly boomers)

Gold coins are graven images. It is idolatry.

>>25208360
yes

>>25208244
When talking about economic crashes; despite being impure, even 12 carat golden earrings/bracelets have been treated as 'good enough' for physical proto-PM; I was referring to that. Jewlerry ownership isn't rare, and though it's impure (s)crap-tier, it still does perform somewhat well with the rest of PM in a major crash.
As for pure bullion however, I am very confident in saying less than 1/1000 actually have any.

>>25208360
>coins being passively engraved with designs to prevent fraud/commemorate events/indicate a ruler is the equivalent of worshipping a false god

>>25208422
people with scrap PMs are going to get fucked

>>25207927

Many $300 million mcap companies are producers rather than explorers. One way to get an idea of what they might trade at is to find their annual production, cost per ounce, and then deduce the mcap at 10x cash flow and 30x cash flow at such or such a price of silver. 10x cash flow is considered reasonable for a good mining stock, but 30x cash flow was common in the 70s and 80s mania. Even very modest incomes add up rapidly as the silver price goes up.

Impact Silver is mostly valuable as an explorer, because they probably have billions of ounces in their ancient, historic ground. Production is a small bonus rather than the main attraction. But Impact is still producing 600,000 silver ounces a-year, even if it doesn't upgrade anything or expand production. Cost per ounce is about $17. So at $25 silver, that's about 8 x 600,000 = $5 million cash flow. 30x $5 million is $150 million, which is IPT's current mcap; so IPT is already trading at 30x cash flow, and vastly overvalued simply as a producer. So everything which I am about to say about IPT is applicable to a $300 million mcap producer which is trading at only 15x cash flow or less. At $100 silver, you get 83 x 600,000 = $50 million cash flow. At a 30x cash-flow valuation, that's a one and a half billion mcap for IPT, or 10x what it is now. At $300 silver, you get $170 million cash flow; at a 30x-cash-flow valuation that's an mcap of $5 billion, which is 40x higher than IPT is right now. So even a producer which is already trading at 30x cash flow--vastly overvalued when considered only as a producer--would go 40x at $300 silver. This means that a $300 million mcap producer currently trading at 10x cash flow or less would go 100x at $300 silver.

Of course, nothing which I have said above takes into account NAV. Discovery Metals, Dolly Varden etc. produce nothing, but are already up 300% on the year, simply because of a 35% increase in the price of silver.

>>25208659

By the way, most small silver producers are _not_ trading at anywhere near 10x cash flow right now. They are _extremely_ undervalued. I may be wrong about this, but I think that Great Panther, for example ($300 million mcap) is only trading at _4x_ cash flow. So extrapolate from what I say above what that stock would be worth at $100 or $300 silver. After the acquisition of El Cubo, Vangold is currently trading at only 1x projected cash flow, which is why I don't doubt that the stock will soar when it gets unhalted.

OP has a why gold section but no why silver section.

How and why invest in silver?

>>25208659
The amount of silver in the ground that Impact controls is staggering. The spanish mined there for at least 150-200 years if my readings correct this morning. They were using the most basic of exploration know how, probably following surface outcrops and float native silver ore, yet the workings they sunk only went down probably 100m or so. They skimmed the easiest material off the top. To have been able to see what that place looked like before the Spanish had a go at it would be incredible. I cant wait to see what Impact ends up locating when ever they get drilling.

>>25207777
beautiful get, WAGMI silverchads

>>25208807
based miner anon thank you for sharing your thoughts. I want to take the next few days to research all the mining stocks that came across my mind in the last few months. Do you have any tickers that you are looking into rn, that might be worth being added to the research list?

>>25208952
That's what he recommended a few days ago.
>>25208908
>>25208807
>>25208659
based, thanks for the information. I asked since my biggests holdings of my PM portfolio are things like Irving, Lion one of Impact.

>>25208659
>Cost per ounce is about $17. So at $25 silver, that's about 8 x 600,000 = $5 million cash flow. 30x $5 million is $150 million, which is IPT's current mcap; so IPT is already trading at 30x cash flow, and vastly overvalued simply as a producer
This is a good observation. Also the Q3 2020 revenue was about $5M but the EBITDA was only $1.4M and net income only $0.9M. So they're indeed not that profitable right now, barely so actually. Which is exactly why they are focusing their attention to exploring their very nice ground right now. You said it well -- they are like an explorer/developer with a littlw bit of a cashflow.
>At $300 silver, you get $170 million cash flow; at a 30x-cash-flow valuation that's an mcap of $5 billion, which is 40x higher than IPT is right now. So even a producer which is already trading at 30x cash flow--vastly overvalued when considered only as a producer--would go 40x at $300 silver. This means that a $300 million mcap producer currently trading at 10x cash flow or less would go 100x at $300 silver.
Also while this is some nice fun calculation, we could expect the stock price to appreciate much more in a silver bullrun like that. When an absolute bullrun begins valuations often go out of the window and the biggest market caps just get bigger as more money piles in to the party!

>>25208868
The history of humanity is gold for very large purchases (real estate, villages, kingdoms, etc.) and silver for every day purchases.
A country purchasing food for its people would use gold. If you want a cup of coffee, silver.

>>25208989
>>25208952
shit wrong pic

>>25208659
This is some great discussion here, and is applicable to my question a few days ago about Bear Creek Mining. At over 300m market cap, and with what appears to be constant insider selling, I am considering selling my entire position, even if they go 40x, and putting it into Eloro. I have read the CEO chat on BCM going back to 2016, and it seems like, while they have a huge resource of silver, which the posters there say would offer enormous leverage to the rising price of silver, the sentiment about the quality of their management has changed (based partly on the insider selling) and I even remember reading that the silver in their ground is not considered to be high quality. So all things considered, do you consider Eloro to be a better investment than BCM?

Precious metals have graven images and they are idolatry. You are all idolators.

>>25209014
Great, thank you!

morning /pmg/
bumps for breakfast time

>>25209059
It's true that all ounces in the ground aren't made equal. You'll get a feel for what deposits are good after researching companies enough. Insider selling isn't very encouraging either. Don't get too attached to a stock and stick to the facts anon, I'll leave you with that

>>25193206
This is so retarded, comparing an asset with a fiat currency and seeing symbols and predicting the future price vs that currency based in those drawings. RETARD

>>25209119
Have you ever tried using the trident as a fork

Precious metals are idolatry. You people are going to be taken to hell by peter schiff.

>>25209171
WOAH bro are you telling me that charting prices of things is RETARDED? better let bloomberg know to shut all those terminals down before they look bad

Dubs and I’ll buy another 5000 gayhorse shares at market open tmrw

>>25209200
Pull the trigger

>>25209059
>>25209134
I havent had coffee yet but I remember last time we looked at Bear Creek their main project Corani was a mid grade wide scale open pit operation, planned to produce 27,000 TPD. The ore wasnt crazy rich but it was workable. Locals liked the project too by the sounds of it so thats a good sign, but if insiders are selling than thats generally not the best sign. Has the government made any statements about the project? Peru's ministry of mines usually releases statements about this sort of scale project.

>>25209197
>>25209095
>>25208360
>>25199183
>>25197201
>>25195922

>>25209200
ill be joining you boyo

>>25208807
What would be the top 3 picks to buy on Monday for silver miners if I wanted to get into it?

>>25209262
Newcrest, Bayhorse, Freegold
Buy my bags :^)

>>25209262
NAK
SLV
SSE

>>25209350
>NAK
>SLV
Kek

>>25209378
These three picks are suppressed by thr big banks and are about to go to the MOOOOOOON get in NOW while you can anon don't be stupid

>>25208908

Thank you, I am very glad to read this post. It is remarkable to me that the Spanish managed to mine 9 million ounces a-year in the 18th century, despite their methods being so primitive. The history of the Spanish mining on Impact's property actually goes back _500 years._ The first silver district in Mexico was Taxco, founded in 1524. But the second was Zacualpan, IPT's property, which went into production in 1527. It is estimated that, on average, the district has produced 1 million ounces a year for the past five hundred years. There are at least 400 old mines on the property, and some go back to the time of Cortez.

>>25209059

Eloro Resources has run up quite a lot when compared to Bear Creek Mining. Don Durrett still really believes in BCM, and considers it to have vast upside potential. IKN says that the locals don't like BCM, but it's always difficult to know whether or not to take him seriously. Sometimes he is very right about this sort of thing (as in the case of Almaden), sometimes he is very wrong. I don't own BCM and prefer to own ELO; my Peruvian jurisdictional exposure is already Tinka Resources. The fact that Moriarty just chose ELO as one of his top three stocks for 2021 makes me even more confident about owning it.

>>25208952
>>25208989
>>25208995

Thank you for these posts.

>>25209262

I consider SVE, IPT, and DV to be core for a silver portfolio, but as far as value goes, BHS (Bayhorse Silver), NIM (Nicola Mining), and BLLG (Blue Lagoon Resources) look like the best value for money right now.

>>25209471
500 years of mining, i read that earlier but I didnt really think about it properly, they probably didnt even have arrastra's or other mills, the Spanish just used men with hand mortars to bust down the ore. Incredible. I am betting their mine waste is probably incredibly rich too, they were hand sorting, picking out the black and blue highest grade ore probably with candle light at best. That really is bonkers.

>>25209471
well considering >>25206060 you're still buying extremely cheap with eloro. Which one would you prioritize between IRV, ELO and LIO for the next 3 month ?

Will there be suppression of the price until after the new year/around election time? I feel as tho there will be a dump until stimulus is passed and that could take a minute..

>>25209556
Do your DD of course but I can vouch for Lion One.

>>25209221
Will post order fill pics tmrw, will be likely adding LIO, NHK, GIS, IPT, PGM too depending on how the DD goes.

I already have a cache of about 7 or so Silver/gold plays but I figure since my TFSA has about 7k cash, with another 6k being added in contribution room Jan 1st that I have lots of room for commodity plays.

Might invest more into ARK funds, but yea moving forward my metals allocation is going from like .25% to well over 5% if I continue to DCA into all these different miners as time goes on.

I think Monday Dec 28 will be important day for gold/silver. BTC has been rising almost exponentially recently the big money seems to be moving in that. If gold/silver doesn't also rise at least by a meaningful margin, BTC will continue to rise and everything else it seems will be left behind. The great wealth transfer during hyperinflation in Weimar Republic this time appears to be BTC, with gold/silver still being relevant but not as much as in the lead like BTC is

>>25209611
I already did my dd, I know irving drilling result should be out around january. Lion one has no result to release from what I've researched, same for eloro although they drilled a lot this second half of year. That's why I intended to buy elo and dv first before going around march for lio and irv. It's not a question about how good the compagny is but more about timing.

>>25193756
is that a fucking goblins foot in the left of the photo?

>>25209662
BTC is a fucking scam. its nothing. its not a store of value and never will be. they can pump that shit to $1,000,000 for all i care, at the end of it all, it will return to its inherent value - nothing.

BTC is being allowed to moon to divert capital AWAY from gold and silver, which are now and always have been the primary capital flight assets and the immortal enemies of corrupt states.

>>25209719
They will pull the rug on BTC only when they have siphoned countless capital away from all of the citizens naive enough to buy them, and THEN we will see the true capital flight into precious metals. Screencap this.

>>25209630
>depending on how the DD goes
Based! If you're new to miner DD then look at the miner pastebin in the OP by the way. You won't really understand everything just yet (like the scale of things, and how companies are better or worse than other companies) but if you keep doing DD while having the knowledge of the industry you will begin to understand the value these companiea have. Have fun!
>>25209691
Yes timing is important and I like seeing that you have made your own choices here. I hope you'll be able to enter all of your wanted positions at opportune times anon.

for all of you who still sit on the fence in the GOLD VS BTC debate, its time to see the light -

https://www.desogames.com/why-i-hate-bitcoin-and-why-tether-will-end-up-killing-it/

I never liked Bitcoin. Hated it from the start. Not because of its lofty goals of providing a mathematical limit to the amount of money printed so that politicians would be unable to print more. In fact that is one of the many considerations I’ve held in the back of my mind trying to decipher economics and develop systems that keep society going down the right path; That the possibility exists to mathematically limit the currency in some way. That alone makes Bitcoin’s invention itself a value added to this world. But that is not the coin in operation. Why i hate Bitcoin is because the coin has no value of itself, making it Fiat, yet A LOT of energy has to be expended just to pretend that it does have value. Bitcoins are printed just like a Dollar is printed. The only change is that we’ve replaced the person printing it with a cold uncaring god called Mathematics, which cares not for our cries to have more currency.

>>25209471
Thank you silver anon. By the way, I hope you and yours had a great Christmas. Another question, if you don’t mind: have you had a chance to research Pacifico Minerals in Australia? I know we’ve briefly discussed it a couple times before, but I am astounded at how unheralded it is, even though the market cap is 68m. The CEO chat is completely empty and it’s not even listed on Stockhouse. Their property at Sorby Hill has nearly 55m oz silver. I’d really like to know your thoughts here, at least to verify that I’m not crazy in thinking Pacifico is a great investment opportunity flying under the radar. Thank you.

>>25209788
We criticise Fiat currency for not being backed by anything, but bitcoin ins't backed by anything. In and of itself, its nothing other than a digital means of exchange. But a critical component of a successful means of exchange, one which both fiat currency and crypto currency fail to address, is that it must be a store of value. A store of value meaning that it must have utility that ensures there will always be demand for it. All commodities posses this quality in some way, some much more than others. But only a commodity can be a store of value because in and of itself theres something to store.

The store of value mechanism is absolutely critical to the indirect exchange system and anyone who can understand this concept can amass a large fortune by acting on it.

IDOLATORS! REPENT! BUY BITCOIN! GOLD IS GOING TO ITS GRAVE!

Isn't platinum a precious metal?

>>25192588
Qeq

When something means nothing to someone else buy it

>*uploads every deity caricature to the blockchain*

>>25209534

Thank you, love to hear about this kind of thing.

>>25209800

Thank you, wish the same to you and yours as well. I am always grateful for all the interesting questions which you ask on these threads, and the points you make. I think that most of the explorers are vastly undervalued right now. It is useful to compare Pacifico with e. g. Tinka Resources:

Tinka Resources has 40 million ounces of silver, along with 7 billion pounds of zinc, $20 million in cash, no debt, but it continues to trade at a $75 million mcap

Pacifico has (I think) 3.5 billion pounds of zinc (?), (but I don't know that for certain), as you say, 55 million ounces of silver, in a better jurisdiction, trades at $68 million mcap.

So Pacifico and TK seem to be comparable. TK has more zinc, but Pacifico more silver, and Pacifico is in a better jurisdiction.

TK is only trading at 1% of resources, and should go 5x simply on the basis of fundamentals alone. Everybody agrees about this in the ceo.ca chat. So seems that both TK and Pacifico are both simply undervalued at the moment, just like most silver stocks.

>>25209788

Deso also did a really good interview just recently where he summed up his views on Tether and Bitcoin. >>25193583

>>25209556

I prefer IRV and ELO, because both are silver stocks (ELO more so than IRV, which is gold-silver). LIO I think is simply a gold stock, and I try only to buy silver stocks. I only make a handful of exceptions for some really undervalued microcap explorers, like Genesis Metals.

>>25192588
40% of Canadian dollars were printed in the past 6 months.

>>25210121
>>25209800
I believe Pacifico is planning a reverse split. That should reinvigorate the stock a little, right now it's so absolutely diluted that I sold my position two months back.

>>25199101
>>My miners are MOOOOOONINGG
>>Still the same price when converted out of CAD
>>Oh
It doesn't work that way. You own the stocks, not Canadian dollars. It's like owning bananas or a building or gold.
When you sell, the price of your miners will have gone up exponentially higher than inflation.

>*uploads a graven image to the blockchain*

>>25206397
His funds are outperforming now.
Have sex.

>>25206662
>Almost every one of these stocks is up enormously. Aurcana for example, up 300%
Where do you see Aurcana in the next year?
Where do you see it at the top of the bullrun?

>>25210422
Aurcana should keep climbing at a calm steady pace until they begin production provided the POS stays still.

>>25210061
leave your gold on the table on your way out

>IDOLATORS! REPENT! BUY BITCOIN! GOLD IS GOING TO ITS GRAVE!

I guess that's why Russia and China have been stockpiling gold bullion, while at the same time China and the Norks have been operating massive Bitcoin farms and selling every one they mine to retarded westerners at the ATH so they can buy more Gold?

Retarded normies and shoeshine boys are all talking about BTC now and trying to figure out how to take out 2nd mortgages to buy-in at the top. There aren't enough more dumbass normies with spare capital or assets out there to keep the pump going.

Bubble pop imminent, just wait for the FBI or Changs to dump some BTC from an old wallet again and initiate another panic selloff. If you really want more shitcoin just wait for it to go back under 10k, buying right now is ridiculous you'll be way better off just throwing money blind at Uranium miners right now.

>>25210467
Cool but give me a price target thanks.

>>25210277
Where did you read this about a planned reverse split?

I found this in my Archive, I have no clue where its from, other than the California rush of 49. Meme potential?

IDOL WORSHIPERS!

>>25210121
>>25210277

Sorry, feel embarrassed to say that I just looked into Pacifico and I have no idea where I got that figure for the zinc from. Seems that Pacifico is more a lead stock than a zinc stock. I must have been thinking of another stock. This is the actual resource:

"Sorby Hills is supported by a significant large, near surface Pb-Ag-Zn deposit. Mineral Resource of
44.1Mt at 3.3% Pb, 38g/t Ag and 0.5% Zn and Proved and Probable Reserves of 13.6Mt at 3.6%
Pb, and 40g/t Ag."

Also just realized that TK has 60 million ounces of silver, not 40 million. Still remains the case that TK is trading at 1% of resources, but should be at 5% (5x). I know that TK has 7 billion pounds of zinc and 60 million ounces of silver, so compare those resources with these in making a rough estimate of what you think is fair value.

>>25210506
Nobody knows what the price is at the top of a bullrun because nobody knows how far and how fast the bull runs. 5x, 10x, 20x, 100x... Your guess is as good as anybody's. Production price target could be estimated with some TA I guess although production should already be getting priced in so it's hard to say. The project that Aurcana has on its hands is valued lower than the company's enterprise value so arguably the company is fairly priced right now and will respond to the price of silver more than anything. Of course there is the significant resource expansion potential to consider but they have to get their mine up and running on schedule as well as pay the bills for their bad financing deal before doing more exploration work. If you believe that silver will boom hard in the coming years then this should be an easy choice for you

>>25207777

Yeehaw

>>25210596
I received this analyst report from Pacifico's newsletter earlier this month
http://www.pacificominerals.com.au/images/2020_Announcements/PMY_Update_Post_Consolidation_Rawson_Lewis_201203.pdf
>On 24 October 2020, Pacifico announced a 1:25 share consolidation, and a name change to Boab Metals Limited.

>>25210664
whooaa so 100x? Thanks anon

>>25210602
How can we meme this, let's see. The woman is obviously holding a bag of mercury dimes. That's about all I can get out of this
>>25210798
It's a bullrun, your (or rather the market's) imagination is the limit

>>25210822
dude could be a bitcoin miner, no clue, this just "popped" out you know?

>>25210871
maybe he's a slave and this is after the collapse? The woman looks like she is wealthy and of high class, as one would when holding a bag of coins

>>25210602

>>25210822
I bought in at .70 cad and I wish I bought in before that. Oh well.

I'm honestly hoping for 20x from it's current position but I know it's hopeful.

>>25210278
It really depends on how fast the inflation is going, if we're getting Weimar-levels it means you have to swap the CAD for something else right after you sell

>>25210938
Depends mostly on POS imho. The production may not be entirely priced in yet and as we've seen with PGM the market value of the stock can go much higher even when the project financials are significantly lower than the market cap. So even if POS remains at current levels the stock should have a way to go still. And of course if POS goes up then everything silver-related will go up more

>>25193944
People have been crying about tether for years. Since before the 2017 bull. Yet number still go up

>>25211020
I'm expecting silver to go up much higher and I'm expecting the stock price to go up much faster than that

>>25211158
Then to you my friend I will tell you to dream big! Good luck anon!

also I will bake now

>>25211135
>tether

Any good articles, vids or podcasts outlining the USDTether scam?

>>25211183
thanks

get to the ark!

>>25211286
>>25211286
>>25211286
>>25211286

>>25211237
https://www.youtube.com/watch?v=7o8JfFbvfD8

short section about tether in here

>>25208360
only if you melt them down and then construct an image of a "god" which is what the hebrews were doing in the old testament and God was pissed. they were making golden images of baal and stuff

>>25208659
>would go 40x at $300 silver

yeah if we get $300 silver which aint fucking happening. you think JP Morgan is going to stop suppressing?