/biz/ - Business & Finance

>>25288439
/pmg/ what do you have to say about this?
>>25288163

azz

>>25288499

He says that he "lost" 20% of his account, I don't know a single stock here which ever went bankrupt or went to zero, so it's his fault if he sold rather than exercising a modicum of patience. 20% corrections happen during miner bull markets all the time. It's impossible to time an entry-point, you simply buy and hold.

>>25288499
nigger never listened to /pmg/ in the first place because we never advocated investing in etf's.
It's just another JIDF shill thread designed to get the cryptocucks to stay away from PM's.

Interesting comment on CEO:

"@honkytonkgirl Bob Moriarty is a con, a swindler and a crook imo working for his (hidden) agenda only. I wouldn’t trust him for a second. "

>>25288439
Gold Bugs are will be crawling everywhere before long..and like cockroaches, they will come out unscathed from the rubble.

>>25288499
buy high sell low. I'm up 20% on half of mine and the run up hasn't even started

>>25288499

Sounds like he bought Bayhorse lol

I too am bagholding...
the other 13 miners ive got are all green though

>>25288794
Dear God, just please give me my FWTDHWAHQUDAQUAHBBQHA already pleeeeasse

>>25288730

Bob Moriarty is a principled man. He has never deleted a single article on his website. You only have to go through its archives and review the stock choices to see that he knows what he's talking about. For example, he said to buy Dolly Varden at the bottom this year. He knows about the Great Reset agenda, and talks about it at every chance he gets. There is a subset of social-justice warriors with an axe to grind who hate him, like Mark Turner (IKN); they call him names like "Bob Jew-Hater Moriarty," because he often criticizes Israel and has conservative views. Generally speaking, the same people who hate him also hate Quinton Hennigh, whom Moriarty is close friends with. I don't know who "@honkytonkgirl" is, but she might hate him for the same kind of reasons.

>>25288499
>HAVE YOU GUYS HEARD OF THIS GREAT STOCK CALLED BUTTHORSE
butthorse butthorse butthorse butthorse fuck that stock and everyone who shilled it

>>25235229

Just want to say thank you for the advice the other day.

I did meet with the dealer and he was a nice gentleman who walked me through the process and gave me his pricing; on Gold, he was evenly matched with online dealers so I'm happy to give my business to a local if I can.
On silver however his above-spot premium was nowhere comparable to some reputable online dealers I researched when purchased in bulk, so I think I'll shop elsewhere for my silver. All in all the difference would be about $2800 JUST in dealer's fees and that right there is another ounce and a half of gold.

I won't take the advice of starting small (maybe to my own detriment, time will tell) but I'll go half now, and half at a later date. Maybe wait out the results of the Jan 6th shitstorm and be ready to go all in if necessary. It also gives me some time and extra cash to look at other options like mining stocks, which I'm also very green about.

>>25288730
>>25288931
>Jew Hater Bob Moriarty
Alright this guy sounds based, in going to start taking his financial advice

I uploaded a new video to my Bitchute about the demonetization of the Spanish Peseta that's happening at the end of the year and how much power Central Banks have over people who keep their savings in their fiat currencies.
https://www.bitchute.com/video/BWX2xypY5QRi

>>25288931
I've listened to a number of his interviews on YouTube and read many of his articles on his site. Never once gotten the vibe that he was insincere or had ulterior motives. But I'm a novice in this sector. Its just interesting how different some peoples' opinions can be.

>>25288821
45000 @ 0.15 CAD bag holder myself, I believe

>>25289171
I thought the Peseta was replaced by the Euro in 2002?

>>25289182
>>25289022
>>25288931

What I find confusing is that @honkeytonkgirl directly benefitted from Moriarty's advice. You can see it in her search history. Galway Metals was dropping in May 2019, Moriarty said expressly not to sell:

"$7 million in the bank and a market cap of about $40 million CAD clearly the market doesn’t get it just yet. But the market is waking up to the real riches in both projects. The company has gone up 200% since the end of January and 20% in the last week. Galway’s only real issue was communication and clearly they are seriously working on that."

@honkeytonkgirl quoted this statement, took courage from what Moriarty said, and continued to hold. The stock was up 6x at one point and is still up 4x. So in view of that fact, what she just said about him seems to me to be very uncharitable and ungrateful.

>>25289465
>45000 @ 0.15 CAD

>.15
jesus i'm in at .08

>>25289182
>>25289022
>>25288931

What I find confusing is that @honkeytonkgirl directly benefitted from Moriarty's advice. You can see it in her search history. Galway Metals was having problems in March 2019, Moriarty said expressly not to sell:

"$7 million in the bank and a market cap of about $40 million CAD clearly the market doesn’t get it just yet. But the market is waking up to the real riches in both projects. The company has gone up 200% since the end of January and 20% in the last week. Galway’s only real issue was communication and clearly they are seriously working on that."

@honkeytonkgirl quoted this statement, took courage from what Moriarty said, and continued to hold. The stock was up 6x at one point and is still up 4x. So in view of that fact, what she just said about him seems to me to be very uncharitable and ungrateful.

>>25288995

Also just to add, this is what I plan on going with:

3x Monster Boxes of 2020 ASEs
28x 2020 AGEs

The advice on silver bullion was echoed by the dealer as well, so I'll be sticking with coins for this buy.

>>25289182
>>25289022
>>25288931

What I find confusing is that @honkeytonkgirl directly benefitted from Moriarty's advice. You can see it in her search history. Galway Metals was having problems in March 2019, Moriarty said expressly not to sell:

"$7 million in the bank and a market cap of about $40 million CAD clearly the market doesn’t get it just yet. But the market is waking up to the real riches in both projects. The company has gone up 200% since the end of January and 20% in the last week. Galway’s only real issue was communication and clearly they are seriously working on that."

@honkeytonkgirl quoted this statement, took courage from what Moriarty said, and continued to hold. The stock was up 6x at one point and is still up 4x. So in view of that fact, what she just said about him seems to me to be very uncharitable and ungrateful.

>>25289513
They were, but they are still redeemable for Euros until December 31, 2020.

>>25289702
Besides Moriarty and oldbanker, is there anyone on CEO whose insights you find compelling and you recommend "following"? I've found a couple posters who have shared a wealth of information the past few years, namely @excelsior.

>>25288439
pmg, poorfag here. I never went to college, started working when I was 16 and have been working full time ever since, am 37 now. I am done with being a wage cuck. Have a few businesses I am starting myself, hopefully will be able to run those businesses and be working for myself soon. That being said I do not have much capital for investing, almost no debt. I have about 10k saved up. Let's say I were to invest in PM rather than crypto. What kind of returns could I expect if I bought 10k of gold or silver or whatever would be best, and sat on it for 10 years?

>>25289967
If you’re trying to mount a foray into uranium, @algreene is a great follow.

One of the most respected posters on ceo.ca

>>25288935
I just put USD $40 into BHS (500 shares). Am I gonna make it?

>>25288439
Should I just spend all my base metal Canadian coins at face value? I don’t see any reason for holding them

>>25289624
wow

>>25290098

Hope you're ready for +-20% daily swings friend
Welcome to the greatest show in /pmg/

>>25290050
>Starting a business after a pandemic
F

>>25290168
Pre-82 Canadian Nickels (the ones made of Pure Nickel) can be sold on Ebay for well above face value.

>>25290050
Ive heard about a committee (an honest committee, not rothschild one) that has been working the last few years now on a gold standard reset.

They initially agreed on $10,000 Gold and $400 Silver an Ounce, but because of the money printing the last few years that got changed up to $15,000 Gold and $700 Silver an Ounce.

My advice would be to go harder into silver, most undervalued asset and is forecast to have the biggest upside.

>>25290251
Yeah I have a few of those, but I’m talking about the base metal dimes, quarters, half dollars, and dollars which are just taking up space on my dresser

my libertits have arrived!

>>25290387
The Halves and Nickel Canoe Dollars (1968 and later) can be sold at a premium on Ebay as well, besides that, everything else is only worth face.

closeup of the 5oz'er, i think this one was a good strike, the detail is very good compared to the 1oz'ers.

>>25290593
really nice, jealous of the 5oz, what did you get it for?

>>25289967

Generally speaking, I don't treat any one poster there as an oracle. I tend to research the stocks I like, and then assess whether people's good or bad opinions about that stock are credible on the basis of their history. Everybody there has got things wrong from time to time, and even people who have very good paper-trades can have an agenda. @vette450 for example bought Benz Mining at the start of this year, and made 10x on it; but it doesn't follow that I'm going to rush out and buy it now, even though he keeps pumping it day after day.

Nevertheless, I will say that @tin seems to have a good head on his shoulders, and he understands the macro picture for silver very well. He reminds people not to be shaken out of their positions, and he even quoted the 150x figure in one post. @mackvorkian is somebody I pay attention to after his early purchase of Spanish Mountain Gold, although he got it wrong on NAK. @Goldboy1 is in a lot of the stocks I own. Also @Newton, a geologist. @Goldfinger does a lot of good write-ups. @EpsteinResearch gets paid to write about stocks, but makes good write-ups as well. But generally speaking, I find people helpful only in regard to a particular stock. e. g. @Mustangtrader with regard to Euro Sun Mining, @Buddy with respect to Bluestone Resources, @austrochris with regard to Genesis Metals, @CWolfe with regard to Tinka Resources. These people are credible, and they provided very valuable information about those particular stocks, but I am interested in little or nothing else that they own. I do however always look through people's histories in search of gems, and sometimes find them there.

>>25290517
Beautiful, I only have a 1/4 oz gold libertad. I really wanted some 1 oz silver ones but the premium was almost $20 over spot

>>25290684
$186
>>25290715
if you want one, get even just one while you can even if the premiums are insane. i wanted a tube, but settled for 3 and the 5oz instead, one of the 1oz'ers is going out as a late Christmas gift.
your future self won't regret it once we are in orbit during the moon mission

>>25290845
id say worth

>>25290241
>>Starting a business after a pandemic
>F
Shall we lie down and die, Bob?!!

>>25290358
>Ive heard about a committee (an honest committee, not rothschild one) that has been working the last few years now on a gold standard reset.
Do you have any more information you can share about this? I would love to support them in any way I can. The rot shields have done enough damage to our county and people in the last 150 years.

>>25288499
>i have no brain and am incapable of doing my own due diligence, it's their fault i lost money
never going to make it.

>>25289967
I don't know about Moriarty but I for one don't find oldbanker to be worth "following", he's overly enthusiastic about risk bets. Not my type imho

QC Copper up 20% today

Also, congrats to all CCW holders today, very exciting news. I'm going to watch how this story unfolds myself since I'm not convinced just yet that this project can be turned into a mine. In any case, I'm glad for fresh core porn!
GLTA shareholders!

>>25290593
holy shit what a beautiful coin

>>25291207
I get the vibe he's just patient and has been through multiple PM bull markets before. He doesn't fret when there are drilling delays, legal processes, market corrections, etc. I'm trying to maintain a level of patience with my investments once I feel everything is set. It's been said by multiple "experts" that this PM bull market will extend to, and possibly beyond, 2026. So obviously worrying about a few months of crabbing or no price movement is ultimately meaningless in the long run, if you're invested in solid companies with great resources in the ground. I get the vibe oldbanker and other posters on CEO understand that, as these people are either in the mining industry or long-time PM mining investors who understand the importance of the long view.

>>25291435

That's the way I feel about him also. I saw from his history how patient he was with East Asia Minerals, which continues to soar and soar. He finds all kinds of interesting stocks for his portfolio which nobody else knows or cares about. CBI is one of them I believe, which you like if I'm not mistaken, Finland anon (Dc8Mk5ku >>25291207). Ultimately I'm only interested in SSE (and BHS), the rest of his stocks are too much of a risk for me. But he's an interesting character, and I always like reading what he has to say.

MM finally caved in lol

>>25291435
Might be the case, yeah. I honestly just assume he's an already rich man who likes playing risky bets with some pocket change millions. He has the patience, I assume, because he doesn't really have anything to worry about in terms of capital.

The thing about time is that time is of the essence with any investment. There are companies all around that go up and down, and ones that stay still. What's the gain in owning a stock that crabs for a year when there are other more lucrative companies that can do big moves in weeks or months? I simply don't think I need to have sustained patience with some of the stocks oldbanker is bullish on, like SSE. I'll reconsider investing when something major like drilling is actually going on, which might still be months away -- and even then I'll invest a small amount due to the risks involved (I don't think they've even done any trenching there? So the risk of not finding anything underground is very high for me).

In the meantime, lots of opportunities elsewhere. I don't mind having to pay a little extra for the small amount of SSE I buy when the time comes due to the gains I will have made with other companies.
>>25291568
>CBI is one of them I believe, which you like if I'm not mistaken, Finland anon
I am humbled that somebody reads my posts in such detail that they recognize me through my writing style only. Yes, I believe that CBI at the moment is a strictly better version of SSE as SSE's appeal lies in Pino. I love the way CBI explores their properties: quick, methodical, efficient. That said I'm not invested in CBI since their projects are at a very early stage, a bit too early for me. TOC (CBI JV partner) is something I might invest in a little since they just completed their drilling at Pilar, targeting a promising possible breccia pipe -- their mcap is only about C$10M.
>I always like reading what he has to say.
He is steadfast and it's hard to dislike him. I've discussed with him a few times, he's alright.

>>25291811
Actually they must’ve split the fills, since I had a limit of .055... wtf TD?

At least I’m a few weeks /months 5-10% loss on the initial spread won’t really matter, provided things go the way we think they will

>>25288439
Could this be based Nikolai of oldsilver.ru?
>>>/pol/299149033

tough day for most of my miners, 9/13 finished red

>>25291913
>>25291811
I hope you invested an amount you're willing to lose anon! Big risk bet you're taking, hopefully you have done your DD properly.

>>25291941
Really good day for most people

>>25291836
I agree with your ideas here on time. SSE, though, is a different animal. There is otherwordly potential there. PMG has seen its fair share of SSE discussion so I won't continue to beat a dead horse, but I'm willing to wait for this particular stock.

>>25292089
I'll most likely join the party when the drills begin turning. We'll pop a bottle with all of the /pmg/ bros if they hit the motherload!

>>25291976
It’s ok, I’m just getting started with SSE. $859 CAD is about what I’ve made from Klondike, so I’ll just treat it as a PM miners “DRIP” program, if you will.

I’m down like (-40%) on my initial gayhorse position, and I just doubled down at .10c CAD, cause why not.

I’m just waiting for the 1st so I can dump even more worthless CAD into my TFSA and use on micro plays such as SSE and MTB.

I’m also up like 600% on an AMD position from 2016, so I might liquidate that into $TSM or more juniors.

>>25290978
>Do you have any more information you can share about this?

I was going to link you the video in which this was being talked about but youtube banned the uploader, look up Jim Willie on there, he has good sources, also Jim Rickards who was involved in all the bank bailouts in 2008, for years he has been forecasting 10k gold then all of a sudden this year changed his tune to 15k

>>25292089
>>25292124

What I likened SSE to in the last thread is stuff like Black Tusk. Exact same market cap right now ($8 million), but Tusk hasn't even begun drilling anything, nor do they have any proven resources. They are barely above the level of a shell company. Whereas, besides Pino, SSE has many promising properties already. I added to my SSE position considerably today, because I think that it is now or never to get in. If SSE had a $15 or $20 or $25 million market cap, I'd start dissuading people from buying it (just as I stopped recommending KS, AUN, VZLA, after they went up 4x). At that point it would be in danger of crashing the way Newrange did, if the results turned out to be bad, or if drilling went wrong. But I think that we are still early enough in the process for me to take the risk.

>>25291836

I tend think of my positions as being divided into two categories, buy-and-hold ones and liquid ones. I know that positions like Impact Silver, Dolly Varden, are pretty much always going to react to the silver price. If silver goes up, I can always sell them for more than I bought them for and raise cash in a hurry. Stuff like Irving, SSE, etc., on the other hand, I consider to be money which is frozen for the foreseeable future. But those are also the stocks where the greatest gains might be made.

>>25289624

>>25292375
Alright, you have cash to burn. That's good, you'll do well. Although I will add (if you don't mind) that you strike me as somebody who doesn't bother doing much DD... Pardon me if I'm wrong. Anyways, I strongly recommend researching these companies and really understanding what they do and where the risks lie. I'll stop pestering you about that now lol

Also sell AMD and buy some more miners! It's an order ;)
>>25292401
>Black Tusk
I'll have to add that to the research pile. First time I've heard of them.
>If SSE had a $15 or $20 or $25 million market cap, I'd start dissuading people from buying it (just as I stopped recommending KS, AUN, VZLA, after they went up 4x)
Very smart anon. A lot of people just follow the herd and keep talking about the same companies all the time expecting big things when the train may have left already. It's good to keep digging for great companies, there's plenty that aren't talked about here at all that I own and love, and plenty that I would really want to own. And more to come as I keep searching!
>I tend think of my positions as being divided into two categories, buy-and-hold ones and liquid ones
That's an interesting strategy. Not bad, might help you take opportunities even when you don't have money to invest. I only have one or two that I'd be willing to dump in order to consolidate or enter a new position.


I'll add to the end that I think differently mainly because I'm not too into silver stocks like the rest of /pmg/. I'm much more a gold guy when it comes to stonks so I often turn away from mainly silver plays. If I had more money to invest I'd own more silver miners of course. And base metals, and uranium.

>>25292028
how many miners are you holding and which ones are up for you?

>>25288499
Let me guess. He went all in on MUX? Lmao

>>25291941
Don't bother about the color of the day too much anon. You know these companies, you know why you invested and you know what results to expect and when. Everything else is noise. If the line is green then your investment was good. If it's red then you have a buying opportunity.

>>25291377
that is some fantastic looking core, look at those dendrites.

>>25292857
It's kind of short (as usual) but very beautiful. The shape of the ore kind of looks like a snowflake.

>>25292714
You read me like a fiddle my friend.

I’m more of the type to invest first, and then do DD (if that makes sense). If X ticket that I already invested in goes up, great I’m already aboard and will add based on macro and company specific events. If it drops back, I’ll add based on my DD, or sell completely if the DD doesn’t meet my initial optimism.

I’m just getting into mining desu, it’s going to be a while before I form my own theses, as opposed to rehashing things from ceo.ca lol

>get greedy and fall for smg memes
>do some DD and bet on few companies
>instantly lose 15% of my initial
>nope the fuck away after only 2 days
Ok never again i'll fall for the clown finance casino, i've learned my lesson the painful way. From now on i'll always stick to gold & silver.

>>25292953
Buy high, sell low

>>25290593
BOOBA

>>25293017
Exactly, i respected the holy motto.

>>25291937
I scooped up the last 5oz russian wildlife coin from him over the weekend

>>25293069
Kek at least you didn’t buy any shitcoins and lose ALL of your money

>>25293117
I ordered one week ago and still nothing sent. I hope it wont take too long since it's for a gift..

>>25289465
Would you buy more at current price?

>>25292950
>I’m more of the type to invest first, and then do DD (if that makes sense)
Lol, been there a couple times! Sometimes not the best plan. But sometimes pays off to be quick and not bother with the details. For example I managed to get into Moneta Porcupine at 0.20 immediately at market open after seeing them increase their resource estimates by 200. I did do some quick research but had no time to write a Word document. It paid off very well, the stock is climbing steadily towards .040 now. That's a company worth investing in still by the way, just do your DD and see for yourself ;)
>I’m just getting into mining desu, it’s going to be a while before I form my own theses, as opposed to rehashing things from ceo.ca lol
Take a look at the miner pastebin. I specifically made it for anons who want to learn all the most important things about investing in miners. It contains informative and easy to understand links that will help you to understand how these companies operate, how to estimate things like drill core assays and how to evaluate the companies using simple maths. I'll also update it with Pan Man once I feel like racking my head about mining-related geology again (kind of burnt out with the stuff atm)

Also see pic related -- it shows the typical mining company stock's price action with time. Notice that these projects take years or even decades to turn from initial discovery into a mine.

>>25293207
>after seeing them increase their resource estimates by 200
200% *
also 0.40*

https://www.straight.com/finance/teck-metals-ltd-wins-major-tax-ruling-against-bc-ministry-of-finance

Teck Resources just won a legal battle with the B.C. Ministry of Finance.

>>25293444
Nice trips, and great news for Teck. I'm not in the know here, what was the case about?

https://twitter.com/TheLastDegree/status/1343982707211177984
Seems like Eloro train already left, sad I didnt get in yet, intended to get in Febuary.

>>25293487
Plenty of other projects around, don't worry!

>>25293483
just a general court case to do with the company claiming deductions on production costs. The province and Teck have been at this for years.

>>25293526
I honestly may just buy even after it ran up. Can't go in before feb so have no choice but to bite the bullet. I try to rationalize this by the fact that we may miss the first 100-200% move, but we'll catch the other 1000%.

Accomplishment of the week:
Successfully talked my way out of a lateral promotion that would have been a slight paycut without sounding ungrateful/unmotivated.

>>25293444
Nice digits. Now we just need a similar press release from First Majestic.

>>25293679
Come on, don't leave us hanging. Tell the whole story in detail pls

>>25293207

Based on that chart, it seems like most stocks shilled on /pmg/ are in the picrel phase

>>25293487
>>25293526
>>25293636

still looks like a buy opp to me... crabbed for months and now just broke out. sure its not gona 10x but gains are gains. Take the 30% and be happy

>>25293820
generally the projects we look at are either just getting started on exploration or moving from second phase exploration to third / possible production. SSE is a good example of getting an exploration program started on a hot target.

>>25293487
>>25293868

Have brought up Eloro on a regular basis ever since I first introduced it to /pmg/ a few months ago. I intend to hold my shares for the long term, since my thesis for buying in the first place was that Quinton Hennigh claims that the property may have a billion ounces of silver. DSV has a billion ounces, but is 6x the mcap of ELO even today. This write-up by @Goldfinger is an excellent place to start learning about Eloro:

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

"Eloro Resources Ltd is focused on the Iska Iska Project near Potosi, Bolivia. Iska Iska has never been drilled and it is situated near world-class deposits in the department of Potosi, Iska Iska is in the southwest part of the Eastern Cordillera, which hosts a number of major polymetallic mines and mineral deposits.

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."

hello fellow metal chads, what was your last purchase and what will be the next?
For me it was a Edward Sovereign and the next one will be a 20 Kronen Austria Gold coin. (Already shipping.)

>>25293820
I'd say very few are that early. Most that are talked about here have already done drilling or have upcoming assays or mineral resource estimates. Some are developers that are trying to start a mine. Only a handful that are talked about are producers and early stage explorers with no drilling done.
>>25293868
I don't know anything about the company but that's rarely the case. Maybe they came out with an impressive NR or maybe the stock is already undervalued. I don't really believe in shadow operations when it comes to reputable companies.

>>25293711
Service wagecuck where I barely do any work. Make ~$20/hr with tips from clients. Not a tipped position, but also not disallowed from accepting them. Guy gets fired in another area of company that gets more hourly, but no tips. Going from field to desk. Promotion on paper and management thinks its a no brainer because of the bump in pay and increase in responsibility. They don't know how much I get in tips obviously.
HNIC calls me in and offers the position. Tell him that I prefer moving around and being outside some, and I don't think they can compensate me enough to give that up. They bring it up to another retard in my department who doesn't know how to add, so he doesn't know what he makes in tips. Guy takes the position.

Not a great story, but I'm happy. I need to either start a business or get a trade apprenticeship soon tho.

>>25293942
I should get a 1oz snake bar by mail at some point. Will post when I get it.
>>25293969
Thanks for sharing. Glad you got to keep your tips anon.

>>25293913
>>25293868
I never sell. The thing I buy will be held for the whole bullmarket, that's why I try to select very well my stocks.You don't get to sell when taxed 40% on capital gain. Already did my dd so I know Eloro is a big lottery ticket from bob/qh, will buy it even if it does 100% from now to febuary. Lion is another story though, its breaking out right now and its already pretty big, don't think I will bite the bullet on this one.

>>25293942
I’m done buying silver, out of room, if I end up buying more physical I’ll just get 1 oz gold maples.

>>25294126
I hope you'll be able to get into LIO. I still want to add 300 shares, I would have 1k shares after that.

>>25294126

If ELO surpasses the mcap of IRV, then I'd definitely prefer IRV over ELO. IRV is getting so ridiculously undervalued. Although it seems to be turning around as of today. The fact that Moriarty chose LIO as one of his top three stocks is encouraging.

>>25294179
My plan was to get into IRV in feb, ELO in march then LIO in april. Now it seems like I'll have to give up on LIO and bite the bullet on ELO. Was hoping it would crab a bit longer. IRV is core in my PF, will absolutely not give it up. Same for ELO. LIO hyped me up when listening to QH presentation but I'm quite reluctant for a gold only stock with 200+MC.
>>25294172
I can get into these three position right away in febuary with a 3x300 but I'm autistic, I refuse to invest less than 500 in a stock and only have 1k per month.

>>25294169
What is your gold to silver ratio currently?
Mine is 5:1.

>>25294303
It's okay anon, get into the ones you want most and do things your own way. Your picks seem like solid ones to me (though I haven't done my work on all of them)
No stress, just grow your favorites first

>>25294304
Somewhere in the 200:1 ratio right now, my gold stack has some catching up to do.
With premiums being where they are, the GSR for physical metal favours gold in my opinion.

>>25294379
good oc anon lol

Can you guys redpill me on mining stock selection? It seems like drilling results are total crapshoots and even then you have to trust that the core samples are representative. I just DCA into blue chips because I don't think I could add value in micro caps even if I did all the required industry research and company DD.

>>25294304
I'm like 100 silver toz per gold toz. Are you saying that for every 5 ounces of gold you own $26 of silver?

>>25294396
You mean 1:200 as in 1oz Gold and 200oz silver?
In this case yes you need to buy into more gold.

>>25294366
yeah its fine. Honestly, as I said here >>25293636 we are at the beginning, people are still investing in Tesla, bitcoin and shit like that yet here we are complaining about missing the first 150% move. In the bigger picture, I feel like I'm complaining for no reason. If the pick is solid, I should bite the bullet, it's the end of a debt cycle, I shouldn't complain about getting into a 200 MC solid stock, its still a bargain when thinking about what's ahead of us. We will all make it anon.

>>25294420
yes

>>25288499
Investing in mining companies is no guarantee of making money even if the company does not go bankrupt. In the latter part of the 2000s, I bought Pan American Silver at $40 and ultimately sold it a few years later at $32. The stock ground down to about $6 a few years ago before recovering to its currency price of $33.

On its recent recovery, I bought at $10, had it run to $20, then watch it fall back to $10, had a run up to $25, then watched it fall back to $10, until this current major run-up at which I sold 25% of my stake at $30. Pan American Silver is one of the biggest silver mining companies and it has that kind of volatility and, at tims, severe underperformance. If you invest in mining stocks, you have to recognize that you must take profits at times and you must also be willing to tolerate the volatility. Due diligence is also extremely important because mining companies are far more susceptible to negative events (foreign jurisdictions, lying executives and geologists, errors in surveys, macro economic conditions) than most other types of companies.

>>25294420
It's a combination of many things really. You want to look for companies with the best chances of getting great hits and consistent results. So that means good geology (for example, property along strike to other great properties or ore being hosted in a similar setting to a big mine or multiple different showings over time suggesting mineralization), good management, previous and consistent exploration success, strong balance sheet (company can take some hits without having to dilute), etc. etc.

You kind of get a feel for what companies are worth investing in with time. At least in my case.
>>25294470
WAGMI! We are the smart money!

>>25294461
Nice birds.
Yeah 200 oz silver per 1 oz gold. The gold silver price ratio was retarded when I made the majority of my purchases, we’ll see what 2021 looks like for gold prices and premiums.
It looks like the CAD may become confetti this year and I have some cash to allocate...

>>25290978
Found a small clip
https://ruclip.com/video/NI22rLTmDMs/jim-willie-their-plan-is-$15-000-gold.html

I have an extra 10k to throw into something.

Thinking 2oz gold. 70 Oz silver and the rest 80/20 split btc & eth. Thoughts?

>>25294633

>>25294461
I-I'm gonna...

>>25294420

First thing you should know is, if you buy GDX, GDXJ, SIL, SILJ, you will make a lot of money from this bull market, and won't be in danger of losing more than (say) one third of it, even if gold and silver don't go up in the end. Junior miners will outperform the ETFs by at least 10x, but the ETFs are going to do very well all the same. For reference, the index of gold miners went up 1700% (18x) from 2001-2011. But junior silver stocks like First Majestic went up 150x. Juniors carry much more risk, but also substantially more reward. I am 100% invested in junior silver mining stocks, but that is only because I am 100% convinced that silver is going to soar soon, and am prepared to lose 100% of my money on the basis of my convictions.

ceo.ca is the best place to learn about mining stocks. You can put in any stock name there, get basic information about it (especially begin with the market cap), read the chat, see what people have to say, investigate whether those people are credible. Also look at what respected investors are invested in to get ideas for stocks like Eric Sprott, Don Durrett, Bob Moriarty. Read or hear what they have to say about their stocks, their reasons for investing. I especially recommend Don Durrett's articles on SeekingAlpha.

My own portfolio is in picture related. I could justify why I own every single one of these stocks; none of it is gambling. It is solely a result of confidence in my research. For example: I know that Tinka Resources has 60 million ounces of silver, 7 billion pounds of zinc, and is only trading at 1% of resources, when 5% is normal. I know that Buenaventura bought 20% of the company in Jan. at 0.24 CAD, while the price now is only 0.22 CAD now, despite the fact that silver up 40% and zinc by a corresponding amount. I know that the zinc deposits in the area are rapidly depleting. And so on. So I don't even need to worry about drills--fundamentals alone are enough for me to invest in this stock.

(1/2)

>>25294706
Unironically all in silver if you are a no stack

>>25294727
Freakin jelly. I was looking to buy some but we need to pay 5% sales tax on non .999 here in Canuckstan

>>25288439
>$600 for a tube of eagles
Fuck this shit I’ll just wait until we dump to the teens to buy again

>>25294772
Not no stack. Currently have 8 Oz gold and ~400 hundred Oz of silver.

>>25294812
>I'll just wait until we dump to the teens

>>25294706
I'm not a crypto guy so my opinion is biased. I'd say get a bit more gold for wealth preservation.

>>25290358
That would be a good price on both gold and silver. I have more silver. I have more litecoin and eth than bitcoin. You are right about silver being so undervalued.

>>25294812

>>25294812
Just buy junk/40%/go to lcs. 5 seconds on findbullionprices and I already found that bullion exchange is selling 40% half dollars for spot and apmex is selling 90% at +1.50. Every lcs in the country is selling generic bullion at +1.50 or less

>>25294420
>>25294766

Explorers give the most leverage to the upside, but one safer way to make money in a bull market is simply by purchasing undervalued producers. 10x cash flow is considered normal for a strong miner, and in bull market manias, mining stocks can sometimes trade at 30x cash flow. Most of the silver miners are presently trading at absurdly low market caps relative to cash flow. Great Panther, for example, is trading at only 4x cash flow. So miners are very undervalued, even at current silver prices. In fact, one analyst said yesterday that they were almost never more undervalued than they are right now. But then consider what happens to them as silver rises. A miner which spends $17 to produce a silver ounce, and is barely breaking even at $18 silver, is going to make a fortune at (say) $50 silver. If it produces (say) a million ounces a year, that's 50-17 = $33 per ounce in profit, x 1 million = $33 million in cash flow. Hence, if the market cap of this hypothetical producer is only (say) $50 million today, then you might expect it to go to $330 million at $50 silver, and go 6.5x simply on the basis of fundamentals.

Investing on the basis of drilling hopes _is_ a gamble, but you can derisk the investment considerably by investing in good companies which drill in territories which are known to be promising. For example, Dolly Varden silver has a competent management team, a lot of cash, no debt. They have 100% ownership of 88 km in the so-called "Golden Triangle." They have 4 past-producing mines on their property, one of which is the Dolly Varden mine, one of the most famous silver mines in Canadian history. Between 1949 and 1959, the Torbrit Mine alone produced 18 million ounces of silver. The company has a proven 44-million ounce resource already. Eric Sprott is heavily invested. I consider this to be one of the safest silver investments there is, despite the fact that it is a drilling explorer. The history convinces me of it.

(2/2)

>>25294420
>>25294766

Explorers give the most leverage to the upside, but one safer way to make money in a miner bull market is simply to purchase undervalued producers. 10x cash flow is considered normal for a strong miner, and in bull market manias, mining stocks can sometimes trade at 30x cash flow. Most of the silver miners are presently trading at absurdly low market caps relative to cash flow. Great Panther, for example, is trading at only 4x cash flow. Miners are very undervalued, even at current silver prices; and in fact, one analyst said yesterday that they were almost never more undervalued than they are right now. But then consider what happens to them as silver rises. A miner which spends $17 to produce a silver ounce, and is barely breaking even at $18 silver, is going to make a fortune at (say) $50 silver. If it produces (say) a million ounces a year, that's 50-17 = $33 per ounce in profit, x 1 million = $33 million in cash flow. Hence, if the market cap of this hypothetical producer is only (say) $50 million today, then you might expect it to go to $330 million at $50 silver, and go 6.5x simply on the basis of fundamentals.

Investing on the basis of drilling hopes _is_ a gamble, but you can derisk the investment considerably by investing in good companies which drill in territories which are known to be promising. For example, Dolly Varden silver has a competent management team, a lot of cash, no debt. They have 100% ownership of 88 km in the so-called "Golden Triangle." They have 4 past-producing mines on their property, one of which is the Dolly Varden mine, one of the most famous silver mines in Canadian history. Between 1949 and 1959, the Torbrit Mine alone produced 18 million ounces of silver. The company has a proven 44-million ounce resource already. Eric Sprott is heavily invested. I consider this to be one of the safest silver investments there is, despite the fact that it is a drilling explorer. The history convinces me of it.

(2/2)

>>25295112
this is what gets me as well. it doesnt feel like the valuation of almost any of the mining stocks reflects what the price action of silver and the larger macro scale entails

>>25295112
ty doubleposter. I don't really have much interest in explorers. I just don't think I can learn enough in the next 6 months for it to make sense. Say instead I go only for miners that are cash flow positive. Outside of blue chips, isn't this universe like 50 companies between US and Canada listings? The life cycle during the recent bear market was find gold, sell company to Newmont or Barrick. So if I just say I'm not buying explorers, I should just buy every miner that is $500 mil or less and less than 10x FCF? I think the most likely outcome for silver is ~35 middle of next year and who knows from there.

>>25290050
If $10,000 is all the money you have available for investing, I'd say put 30% - 50% of it into PMs. The mix is up to you although gold will be much less volatile than silver. Understand what volatility means. It means that if you put your 50% into silver, its price will move (up or down) more percentage-wise than gold. I think everyone here can chime and say that seeing the price go down a lot can make you feel very badly, maybe badly enough to sell. The feeling is amplified if you have your entire liquid net worth in losing assets.

I'm not recommending you put the full $10,000 into PMs because, quite honestly, you don't have a lot of money and it is my opinion that people should have thousands of dollars in cash as a rainy day fund.

As for the returns you can expect over 10 years in PMs, I'm not sure anyone can really say with accuracy. There is no good methodology for calculating returns on PMs since they produce no income. If we assume a genuine inflation rate of 5%, over 10 years, PMs should be at least 60% higher, assuming they keep their purchasing power. Note: There is no guarantee that PMs will keep their purchasing power or increase although it seems like a high probability event. It is absolutely possible that they may even lose purchasing power.

>>25295324

> So if I just say I'm not buying explorers, I should just buy every miner that is $500 mil or less and less than 10x FCF?

This is one strategy which you can follow; it is actually what Don Durrett is doing. You can find a list of most of the best small silver producers in his articles.

https://seekingalpha.com/article/4367147-silver-miners-shine

https://seekingalpha.com/article/4393575-best-silver-mining-stocks

https://seekingalpha.com/article/4315151-10-best-silver-mining-stocks-for-2020

https://seekingalpha.com/article/4315726-top-10-gold-mining-stocks-for-2020

>>25295357
Metal hands

Greath thread. Do you recommend any books? I'm not from USA, but maybe there are some books that teach about general rules of investment in previous metals. For now I'm just planning to buy bullion before diving deeper into this.

>>25295324
Bull markets lurch in phases where, after the commodity starts moving, money first goes to the large producers (little risk, large upside). Then the smaller producers begin looking cheap in comparison because they go from slightly risky to little risk due to the sheer margins. Then its the near term producers. And finally the discovery and exploration companies mainly as acquisition targets for the big boys.
There are like 6 smaller silver producers in the world at this point actually weighted towards silver instead of gold because of that crushing bear market where most either folded, shut down, or were bought out by NEW, PAAS, GOLD, etc.: HL, AG, CDR, KUYA, SVM, FSM, possibly MAG, and EXF
If you want a compromise between upside and risk, I think those are solid choices.

>>25295324
If you want juniors but don't want explorers you can buy developers that will try to start up a mine (Golden Minerals, Aurcana, Gowest Gold) or producers that are already producing (Impact Silver, First Majestic). Juniors do carry more risk than majors though so keep that in mind and do your DD.

If you want a safer leverage for metals you could look for majors that sometimes offer divvies. There are plenty of majors: Centerra, Barrick, Anglo American, Agnico Eagle, Newmont, Newcrest, etc. etc.

Finally reached 10k. Feels good mane. Lets see how long to get to 25k

>>25294784
okay 5% tax is not cool, so maybe just buy fine gold.

>>25295625
Gz anon!

>>25294840
I would get 3-4 oz gold and the rest in silver then if I were you

>>25295600
>>25295593
I'm already DCAing to basedJew's gold fund. Anything else is for aggression. Thanks for the suggestions. I'll look at them tomorrow

>>25293955
Checked and looking at a silver dollar. They r what last shipped.

>>25295625
gratz anon, I'm reaching 10k invested in June, can't wait, that's a big step.

>>25295727
>basedJew's gold fund

i plan to buy 2;5k worth of silver any particular coins biz ?

>>25295832
buy the cheapest .999 bullion you can get for the best bang for your buck

>>25295832
all boobas. Jose needs your premiums

>>25294812
>Fuck this shit I’ll just wait until we dump to the teens to buy again

You might be waiting for a while...

i want to buy https://www.acheter-or-argent.fr/471-etats-unis-half-dollar-argent.html some jfk coin, i know its not .999 but i find it very aesthetic is it good from a vestment point of view ?

>>25295194
I can’t remember who, one of the big metal pumpers described the situation as investors having one foot out the door.
We’re still at the very beginning of the current metal rally.

>>25296245

>We’re still at the very beginning of the current metal rally.

>>25295942
I don’t care if I have to wait 5 years, I’m a poorfag and I’m only going to buy when I can get it for $20 an ounce including premiums

>>25296333
your pride will ruin you

>>25296332
Absolutely based.

>>25296333
checked, good attitude

>>25296333
KEK’d and Checked
I hope your patience pays off for you friend.

To whomever keeps posting Schiff memes with me on the /pol/ thread: you are based af

>>25296565
link thread

>>25296386
>pride
Lol are you a retard? This has nothing to do with pride, it’s me wanting to save my hard earned shekels

>>25296578
>>25291937

>>25296508
>>25296400
Thanks lads, it looks like KEK is on my side

>>25296579
no its childish thinking, if u care about 5 dollar u dont get the big vision and you are likely to sell at 30, you are the kind of guy to not buy bitcoin at 1k, stay poor, market wont give u 20 jus because u are saying i wont buy below 20$

>>25296655
You type like a fucking Pajeet, nobody takes you seriously

>>25296593
thanks, didn't catch it earlier.

Could a USA bro give me the rundown on fees when buying miners at Fidelity? Every "5 letter" stock ending in 'F' and stocks under $2 are $6.95 both when you buy it and sell it at TD Ameritrade, it's getting expensive

>>25296722
0 on basically everything. open an acc tonight

>>25296700
yeah obviously, the usual rhetoric, you are ridiculous

You’re all idolators!

>>25295625
godDAMN that is a heavily weighted Aurcana position

why you have so much ore Aurcana than everyone else? your Aurcana is like 3x the size of your next miner position. i'm holding AUNFF as well but not as a huge position like that

>>25296810
If owning Silver is idolatry then why was nobody screaming "idolatry" back in the 60s when everyone was hoarding Silver coins out of circulation?

>>25296794
have they ever charged you a fee on a miner? sounds great

>>25296722
>>25296904
Things ending with F will have tx fees. Buy on tsx if you want to avoid it, but then you have to pay for forex

Has anyone thought that by even noting previous coins had silver content and are considerably more valuable than today's coins an admission we are living among the ruins at this point?

>>25296655
>>25296700

Also called "Don't be a prick to make a tick." Had to remind myself a lot of times in this current market. Almost didn't buy Qccu at 15c seeing that it already went up 15% in two days, but I just accepted I wasnt as prepared and hence as fast as other buyers.

We won't be seeing sub $20 premium included silver prices ever again.

>>25296810
You’re god damn right I am. Hail Caesar! Ave Jvpiter!

>>25296893
He's just a troll... everyone knows that idolatry is the worship of idols, not the possession of gold.

Has anyone heard of Rainbow Rare Earths? I saw it on trading 212 ages ago and it was really cheap, like 10p a share or something so I bought some and left it. It went down though and i sold thinking it wasnt going to recover. I did look into them a little and they're supposed to be doing a big drill in a site. Just wondering if it's worth buying again.

>>25297004
Never heard of them. You should do deeper DD next time anon, you won't sell if you invest in something you know is good.

>>25294694
>>25292379
Cheers buddy!

Anyone golding $GPL in here?

>>25296969
>We won't be seeing sub $20 premium included silver prices ever again
Lol that’s probably what they said in 1980 when it was $50 an ounce. Silver goes up and it goes down like every other commodity

>>25296332
The only difference in this current bull market, and those precious bull markets, is that precious metals are going to increase in value dramatically, and stay there, never again significantly decreasing. That essentially, the fiat money experiment is actively dying right now and will never be resurrected by the US or any other developed nation because of the inherent epic failure of this idea that is now unavoidable: a total economic meltdown. And that silver will never go back down to crazy GSR levels like we had in 2020. If that’s the case, then what we’re about to experience on a global level is without precedent. We are talking empire-ending financial crisis. Do I have this all correct, or am I misinterpreting and exaggerating the severity of this whole situation?

>>25297074
>7000 shares

>>25296951
thanks fren

>>25294694
totally out of context the guy on the right seems mentally ill, something about the mannerisms and movements and way of speech

He's right of course though

>>25296332
>you must wait 20 more months before the real gains start

fuck

>>25297105
Except the difference between silver at $50 vs $5 two years earlier and silver at $26 vs $18 two years earlier is massive before we even get into the real fundamentals of the market. If you think that silver was a reasonable buy at $15 in 2015 it is an absolute steal today even without a hyperinflation collapse.

>>25297055
I am a novice and i did a bit of that when I started. I only put £10 in to start and I've sold and done silly shit. The big one I'm holding it Alpine 4 Technologies. I bought very cheap ages ago after looking at them and had a good feeling about it. I managed to make my ten pound back plus some extra for the cfd account, which I'm being careful with.

>>25296722
Fidelity has 0$ fees for all those

>>25297251
...Wait how much money do you have in the stock market in total?

>>25296951
>Buy on tsx if you want to avoid it

I think if you buy on TSX (if you even can) they will charge you a commission fee for routing it through a local broker

>>25296951
>Things ending with F will have tx fees
Not sure what this means

>>25297242
i have the feel that some people are not here to learn but fud/troll, maybe childs or poors who cant afford an oz

>>25297136

A lot of people would disagree with me about this, but yes, I think that this is going to be the last precious metals bull market. The Great Keynesian Experiment will come to an end, and gold will simply be money again--possibly silver too, but if not, then at least it won't be suppressible any more on the futures exchanges, so that the GSR will correct to its natural and historic level of 15:1. Fiat was a temporary anomaly which only occurred because America was so powerful, following WW2, that it could pull the rug out in 1971, and impose monopoly money on the rest of the world by force. In a world of a relative equals, you will have to pay in specie of intrinsic economic value (gold) if you want to get goods and services.

>>25297136

A lot of people would disagree with me about this, but yes, I think that this is going to be the last precious metals bull market. The Great Keynesian Experiment will come to an end, and gold will simply be money again--possibly silver too, but if not, then at least it won't be suppressible any more on the futures exchanges, so that the GSR will correct to its natural and historic level of 15:1. Fiat was a temporary anomaly which only occurred because America was so powerful, following WW2, that it could pull the rug out in 1971, and impose monopoly money on the world by force. In a world of relative equals, you will have to pay in specie of intrinsic economic value (gold) if you want to get goods and services.

>>25293444
i made a pretty big entry on TECK earlier this morning
feelin pretty comfy

>>25297581
good choice mate there pretty stable

>>25297105
There's a huge difference between $50 and $20 even non inflation adjusted. when silver was down and out this year in the depths of the bear market the premiums were astronomical. Quite likely by the time the next true silver bear market rolls around 5-10 years from now, the inflation will ensure silvers spot price alone will not be below $20. Then we have to factor in the steady increase in demand of silver from the industrial and electrification applications which are quickly accelerating and eating up supply.
Investment demand is rocketing up as the current currency debasement around the world has everyone running to the door for the scarce hard assets. As well, finding a pure Silver mine is incredibly difficult and most of silver supply is byproduct from other mines, meaning we are handicapped from accelerating supply to match demand. Even today, at 26$ the premiums are crazy.

I absolutely stand by the statement that we aren't going to see sub $20 silver with premium included ever again.

>>25290358
What's the name of this committee? Do you have a link were I can read up on them?

>>25288439
Where do I store it?

>>25294812
NGMI

>>25297877
https://www.amazon.com/BigMouth-Inc-Campbells-Chicken-Valuables/dp/B01H456RXC/ref=sr_1_5?dchild=1&keywords=soup+safe&qid=1609288511&sr=8-5

>>25297919
>the burglar gets hungry and all your silver is gone
NGMI

>>25297976
You're right, I've seen Canadian soup prices. I'm too close to the border to risk it.

>>25297683
I think we'll never see sub $18 silver again. I'm extremely hesitant to make this call because i know its what everyone says about their asset, but i just cant see that much downside potential in silver now. its already so undervalued.

Just look at this chart, we havent once been able to break below the 200EMA(daily) since the bull run started in june.

>>25297683
>>25298098
and for more confirmation, just look at the long term weekly chart, where the 200EMA now sits above $18. we're not even going to touch it.

>>25298098
forgot the daily chart

A note on charts btw:

I have studied TA for literally hundreds of hours. read dozens of books, probably over 100, popular and niche, ran thousands of backtests on thousands of strategies, and in all my research i have learned that 99%+ of all the technical analysis tools available to retail are complete bullshit.

The most valuable thing i have found, are the long term EMA's. The 200,150,100. These are just telling us the average price, with more weighting to recent movements, making them more relevant.

When the EMA's are ascending(200,150,100), its bullish, when they're descending(100,150,200) its bearish.

You want to buying when the EMA's are ascending, but the price is not too high above them. You also obviously want the fundamentals to align with what you're seeing on the chart, to confirm the price action is correct.

This is the single most valuable thing i've learned and has allowed me to time purchases perfectly, and avoid big tops and falling knives.

>>25298298
>in all my research i have learned that 99%+ of all the technical analysis tools available to retail are complete bullshit
That's the impression I've always gotten too, I just use moving averages pretty much and even those I don't use that much. I just focus on fundamentals rather than technicals a bunch.

Good post, everybody should read.

>>25298298
Price and volume are all that matter for TA. The simpler the better.

>>25297229
>you have 20 more months to acquire another 1000 oz which will eventually be worth 500 USD each

Smells like WINNING to me.

>>25298298
I use wedges and flags and simple trendlines mostly, but only if I know the defined direction of the market initially to put my tools in the right context. Trading bull flags in bull markets is easy as hell and works for me. As always though, fundamentals first, TA for entries.

>>25298375
How do you use volume? Is it just the obvious "volume down = price will down"?

Well, that's it. Just placed an order for 1565oz of Silver.

If my past investor's luck proves true, we should see silver at $15 tomorrow. I'm sorry, everyone.

>>25297698
Its the type of committee you are not going to hear about or find links about, this is the type of shit they dont want getting out as to not cause a mass global panic. Its not something im happy about being kept secret but fully understand why it is.

I really like Bob Moriarty. How can anybody hate this man?

https://m.youtube.com/watch?v=nTlI6LjlJf8

>>25298750
you need to post stack when it arrives holy shit

>>25298750
What did you get? Rounds, bars or mix of both? Impressive order.

Just received 25 Maple leafs, my Silver stack is almost 80oz, most if junk french/belgian (900/1000 Silver) I bought near the spot last year. I have 0,5 Oz of gold right now. Should I go for 100 Silver or 1 gold?

Pic related (only Silver)

>>25296333

Take the scrap-pill and you can clear out your savings buying cheap sterling on eBay right now for refining. My upper limit buy price was .50 usd/gram for sterling making it always less than $20/Ozt total for the bars returned by the refinery. Some deals i scored were less than 10 cents a gram but those aren't as common. Also found a .800 Silver platter with 926 grams of pure for 4 bucks at my Goodwill this summer, that was awesome. You can build a great stack even on a poorfag budget if you know what you're doing.

>>25288439
As of Dec 28th, shareholders of GORO (Gold Resource Corp) will be airdropped Fortitude shares at 1/3 of GORO holdings.

Considering selling GORO at a 15% loss, and I come across this. Fortitude is being funded by GORO sell-off. I'm not really certain what the price action is at this point. I'd like to free up the capital for some other commodities plays and I can suck up the loss, it'll hurt but expect to make it up. But will GORO rebound after the spinoff? Or just continue to tank. Anyone know of historic precedents of spinoffs like this?

>>25299055
>airdropped
No
We're not doing this
It's called a spin off

>>25299055
>airdropped
Go back please

>>25293164
Hope you don't need it for another month because that's how long it takes on average to reach

>>25288439
Are there any mining stocks that pay their dividends in physical gold/silver?

>>25296985
I know that, I just wish we could get better trolls and FUDders here.

>>25299332
Why is that image such low resolution

>>25299297
we just discussed one miner recently thats planning to do this with specific share holders, i ll see if I can find the link? Anyone else remember the company?

>>25299126
>>25299145
I'm sorry I was so incredibly offensive what was I thinking, using a word that might trigger you like that. I take it back and hope that you will forgive me for my sins against you.

The question stands. what tends to happen with a spinoff in a miner/producer/explorer? Doesn't really happen that often, does it?

>>25299032
I love your "junk" Silver coins, great looking stuff. I'd go for the 100oz Silver then maybe consider getting more gold, but my ratio is way out there because I'm a lifelong silversperg and will always recommend Ag over Au.

>>25299375
It's a screenshot, the Bingo Card Generator site forces you to pay if you want a higher quality image. I'll try to find a better website when I have time.

>>25298851
Will do.

>>25298955

I was initially going to buy three monster boxes of 2020 ASEs for starters, but after calculating the dealer premiums on those versus bars I changed my strategy a bit and got one box plus 10x 100oz RCM bars. With the difference in premiums alone I managed to squeeze in another 45 ASEs for essentially the same price I would have paid for 3 boxes. I would have gone with Silver Maples to save a bit of money but for ease of management I decided to stick to eagles.

I guess the difference was - do I care more about easily liquidating my stack or hoarding as much silver possible, and went with something of a middle ground.

>>25299055
>ID: Kill A Goy
What the fuck is Kek trying to tell us?

>>25299440
Spin-offs aren't that rare. I think it's usually a good thing. Can't think of any downsides to it really

>>25289171
>>25289810
Sad, I liked the peseta.

>>25299449
Thanks anon, i have a lot of 5 francs "hercules", 25g coins made with 90% silver. These Latin Union coins were easy to find and with low spot. With Covid it's harder unfortunately, si I think I will go for another 25 leaves or 20 kangaroos (lower premium in froggy country)

>>25298767

This is bearish. i dont like taking investment advice from someone who is so politically polarized.

>>25297152
nice. hoping something happens soon.

>>25298750
thanks for the cheapies i wanted to accumulate more before the moon mission

>>25299660
A lot of Spaniards did as well, back in 2011 people in one town started using them again for a short while because of how much they hated the Euro. Here's a newscast about it from the time.
https://youtube.com/watch?v=bvv-PdyOXu8
This whole demonetization was planned years in advance to force any remaining opposition into using the Euro as well as for the Central Bank to simply exert the control they have over the populus.
The Peseta will never be completely dead, the various Silver coins will still hold their value regardless of what the bank or government says.

>>25298568
I hate trendlines and pattern etc because they're so arbitrary and subjective. Whereas EMA's are objective and mathematical. There's no room for interpretation.

>XAG/USD vs comex spread 5c closer than recently
>Dollar rapidly approaching 52w low
Feeling bullish

I get the appeal of holding Gods' money on your hands, but metals are illiquid af. How long term are you holding metals for? Also check'em.

>>25298767
I listened to this interview a couple weeks ago. I didn’t get the impression that Moriarty is polarized at all. He speaks his mind without any window dressing or skirting the issue. And his opinions are based on common sense and life experience. You will notice from this interview that he dislikes both political parties equally and is not a fan of Trump nor Biden. He rightfully has a disdain for government in its current iteration. In his interviews, he is basically one of the few people willing to put his name publicly behind comments that are, essentially, calling out that the emperor has no clothes. In my view, his opinions are not politically-polarized whatsoever; he rejects the clown world government policy and societal decay that we live in. You can’t help but respect someone like that.

>>25300011
Sounds like Schiff. I will have to give this Moriarty character a listen. Wheres the best place to follow him?

>>25299986
>JM Bullion buyback price for $1 face 90% junk: $19.08
>Spot melt value for $1 face 90% junk: $18.88
>illiquid af

>>25299986
Way more liquid than bitcoin

Whats the thoughts on Mene stock? 24k jewelry.

>>25289624
>3x Monster Boxes of 2020 ASEs
>28x 2020 AGEs
Based. Personally I'd split it into three. 1/2 sooner than later. 1/4 and 1/4, especially on that silver. ASE might be tough to get in 2021. Who knows. Best of luck anon. Not investment advice etc. etc

14 Canadian mint sets or 15.68 toz for 308$ is my find for the week

>>25299513
Good choice, when silver moons I have a feeling the 100 oz bars will still be able to be liquidated relatively close to spot. Remember that the SLV contracts use 1000 oz bars.

>>25299332
Kek, based

>>25297315
I have just under £30 in total, and I also got my tenner back on top so it's free money really

>>25300507
Graven images

>>25300060
321Gold.com and YouTube.

>>25300900
Do you really think we worship the Queen?
Seriously, come up with a better FUD.

>>25296722
Over-the-counter stocks incur a trading commission at TD Ameritrade. The infuriating thing is that Charles Schwab doesn't and Schwab has acquired TD Ameritrade although the full system integration has not occurred yet. You might be able to call TD Ameritrade and point out that they are owned by Schwab and should thus refund your trading commission.

What's the best broker for Americans to access the ASX? Mine charges $50 commission per trade for Australian stocks and I need to find a better deal.

Graven images. Repent

>>25298750

>>25301155
Probably Interactive Brokers.

I wonder if TSX Venture Watch reads /pmg/? This is exactly what I've been saying about Bayhorse for weeks now, the low sentiment, the potential to go multiples higher, even the part about swapping Klondike for it:

"Recently rejigged my #silver portfolio by switching to Bayhorse Silver $BHS from Klondike Silver $KS after the latter did a 3x recently

While Bayhorse is much further ahead on the development curve (recently announced receipt of an offtake offer at its Bayhorse Silver Mine) and has optioned 2 decent gold properties in BC, it only trades at a third the valuation of Klondike

I have been a keen reader of this channel and there is quite some bit ( a lot actually ) of negative sentiment towards the Bayhorse management. However, my bet here is simply that $BHS will trade at multiples of current prices when sentiment in the PM miners shifts (whenever that may be). Of course it wouldn't hurt if by then we have a much clearer picture of developments at the Bayhorse Silver Mine (production numbers, capacity expansion, etc) as well as real progress on the gold properties in BC

Nice to see familiar names here from the Klondike Silver and Galane Gold channels

ALL THE BEST"

@tsxventurewatch | 1 hour ago

>>25300011

Thank you for this post about Moriarty, completely agree with everything you eloquently say.

>>25298750
We will remember your sacrifice anon.

>>25301391
I wouldn’t be surprised at all if your posts have been discovered by people in the precious metals and financial industries. I mentioned to you yesterday that PMG posters are spreading the insights you’ve shared with us to people in their own lives. On that note, you should look into the hundredth monkey effect theory. It’s a little far-fetched upon first learning about it, but it really stimulates a lot of thought about how ideas spread. This is why there are so many “LARP” or “insider” anons and shills trying to control narratives on 4chan. The things discussed on 4chan forums sometimes seem to make inroads into conversations in society at large, without people getting them directly from this website.

>>25302006
>The things discussed on 4chan forums sometimes seem to make inroads into conversations in society at large, without people getting them directly from this website.
it's a nexus of sorts. I don't know why the fuck that is, but it is.

>>25298750

>>25294812
the 21s are a half year so i wouldnt wait too long there bub

>>25301391
Noticed that too. I think we share 90% of the same sources

Is Sibanye a good buy? I know about the ANC nationalization meme, but it’s one of the only platinum miners outside Russia, and getting broad gold and platinum exposure in one stock seems pretty comfy (they also own mines in the US too, so even if South Africa went full Mad Max you wouldn’t get totally bogged).

If you guys don't use at least 90% of your stimulus on shiny rocks you're dead to me :)

>>25301391
By the way, have you looked into Starcore International Mines in Mexico? 15m market cap, gold and silver properties, producing and exploring, and according to the (active) CEO chat, no debt and cashed up. The sentiment seems positive on management. I would love to read your thoughts if you don’t mind.

>>25302471
It looks like the only options are:
>$30 face value 90% junk silver
>20oz American Silver Eagle
>Gold sovereign
>Two ten ounce bars

>>25302006

Thank you again, your words yesterday were extremely touching.

I don't think that people in general have the first clue how many things come out of this website, and enter into popular culture. The word "cuck" is a small example but a classic one. I remember when that was only a niche word which was used as banter on 4chan, especially /pol/. It originated from Gamergate as far as I recall. Essentially slang for a weak-minded man who is completely lacking in self-respect or dignity. It became convenient slang for the ultra-left-wing clown-world mentality. Then I remember hearing "alt media" people like Alex Jones use it, and I found that pretty surprising to hear anybody from outside 4chan using the word. Then mainstream conservatives started using it, and now I even hear left-wingers like Jimmy Dore use it. But I doubt that any of these people have the slightest clue where it originated. I know that it's a small example, but it gets the point across. I'm sure that ideas function in the same manner, and words are a species of idea in any event. The way I see ideas creeping out of 4chan is the reason why I don't feel as if I have wasted my time here, because you notice that, even here, people start repeating your ideas, and then other people repeat those ideas, ad infinitum. Earlier in the year, talk of junior mining stocks was pretty much non-existent on /biz/. I've done everything in my power to try to start a craze for them, and it amuses me to think that I might come back a year from now, and see the catalogue completely flooded with threads about mining stocks, and nobody would understand how or why they originated. I also amuse myself with the thought of other people buying these stocks which we are getting into now, except for prices which are ten or a hundred times higher.

>>25302471
Roll of eagles for me

>>25302574
Think outside the box a little, pic related.

>>25302597
Yeehaw partner. We are going to make it.

>>25302471
Nigga, l haven't even gotten my first $1200 check yet so why the fuck should l care?

>>25302597
the problem being that while "cuck" has no real basis in reality and is entirely a meme, junior miners will actually go bankrupt in real life stealing millions of dollars from people you swayed. So while "cuck" will live on in internet history and lore, you'll be nothing but a loser that pumped a bunch of worthless bags for scummy junior CEO's and startups.

a lot like shitcoin shills. But without making a dime off your own worthless perfidy.

>>25302574
I would go for the bars, personally. 20 ounces is not insignificant

>>25302597
cuck comes from cuckold, a fetish

>>25302623
Half of those can’t be bought with $600, and besides pre-33, sovereigns, and 20 francs only Apmex carries most of those

>>25301108
That's good to know, might try it, thanks bro

>>25302705

In the metaphorical sense I'm sure that it comes from 4chan. It got taken from those communities and then re-applied as an insult. i. e. "You are so weak-minded that you would wilfully submit to the indignity of cuckoldry." There's also a rare single citation of the word "cuck" from 1706, but there it's simply a shortened form of the word cuckold, without any other connotation to it.

>>25302678
Nobody has ever said junior miners are long term holds. It's why we always say do your own homework. The sector has a reputation for being feast or famine, yes, in time bankruptcies will come and wealth will be destroyed. But right now, generational wealth is being made and will continue to be made for years to come. Don't hate the game, welcome to junior mining.

>>25303277
>>25302705
you fucks come here for metals or /lit/ etymology lessons of gay words?

>>25302982
Coins shops occasionally have the 20 marks, 10 guilders, 10 Roubles, Ducats and Fractional Mexican Gold.

any you guys go rockhounding? a buddy of mine went somewhere in northern nevada recently and came back with what looked like 40-50lb chunk of ore that had a good amount of uranium in it. not sure why he brought it back really

>>25303694
>what looked like 40-50lb chunk of ore that had a good amount of uranium in it. not sure why he brought it back really
Some Uranium compounds glow under a blacklight. Having a giant Glowing rock is something that everyone should want.

>>25302678
>you'll be nothing but a loser that pumped a bunch of worthless bags for scummy junior CEO's and startups.

How's the mining down in Leadville been going Big Bob?

Silver miner anon is based and has a generous heart, it's possible that the sector blows up in a bad way but this Great Reset agenda is uncharted territory and i doubt anyone really knows what the world will look like in 5 years. My instincts had me hoovering up bullion like no tomorrow and I knew miners were a steal back in the spring. I never bought or traded any equities ever before March and still don't really know what I'm doing, but managed to get a few 10-baggers already. Silver miner anon and others here have been valuable teachers and helped revolutionize the way I approach investing and money management which will benefit me and my family for the rest of my life. I never really liked monopoly money dollars and often spent them foolishly, but now I understand the value of conservative budgeting, securing wealth with physical and investing what I can afford to loose in the commodities sector before the herd moves in. The big picture fundamentals are ridiculously bullish and I'm very grateful for the good anons of PMG and their generous willingness to freely share their insights and the fruits of their research. I'm still heavily loaded with about 75% in bullion so if every miner got nationalized tomorrow I'd still be in pretty good shape.

Does anyone know when Vangold will get unhalted? I have a small 4k share bag and and am excited to see what it gets revalued at.

>>25303741
it did seem kinda cool, but nothing worth showing off really. i just hope he keeps it outdoors

Fist time posting my stack here. Shout out @PANMAN for conving me PM's are the way.

>>25302148
If rising silver nets me $220 in gains by next week I'm getting Mio's autographed set, which is something I wanted but didn't really feel I should spend money on.

>>25303844

Big Bob (>>25302678) told me a couple of months ago that people would be cursing my name for recommending Klondike and Vangold.

>>25302678
How’s your wife’s son Bob?

>>25303986
hey fren. i got 3 RCM 10 oz bar myself.

>>25298750
im putting my 401k CARES distribution on silver if that happens.

>>25300011
>>25300060
>>25301391

Can anyone tell me what Bob Moriarty's net worth is?

Anyone have thoughts on the new JGLD etf? I have individual stocks but for the lazy/new this looks interesting

I am back. Is there anything you want me to put in the bread?

>>25303694
Is that Paul Allen's apartment?

i really do enjoy laughing at all you pathetic silver stackers. i rent out my wife to other men and i’ve been into the cuckold fetish 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 many worthless merc dimes you pay my wife.

>>25304555

Hahaha. Should have congratulated you on this, >>25299332 it was really good.

>>25288439
How much physical gold and silver do I need to make it through Weimar 2.0 bros?

>>25304620
depends. what's the most you've ever lost on a coin toss?

Got the next bread loaded. Waiting for page to be 6+.

>>25304182
>people would be cursing my name for recommending Klondike and Vangold.

Sadly I didn't get to look into Klondike before it took off, but the prospect of possibly getting into the juicy Veta Madre as icing on top sealed the deal with Vangold, thanks man I'll probably be praising your name when it gets unhalted.

>>25303844

>Does anyone know when Vangold will get unhalted?

People are disputing it on the ceo.ca chat. The most credible statement seems to by by @pizdets17, who says: "its in the hands of TSX but James told me 10 business days last week." I don't doubt that it's going to soar; now that VGLD has a mill, for it to be trading at 1x projected cash flow is ridiculously cheap, especially since El Cubo alone was bought for $200 million in 2012, and VGLD got it for only $15 million. Thank you very much for your kind words.

>>25304620
>An amount that you'll never feel is enough
but according to amount in the market
>From what i've heard
12oz of gold and 60oz of silver to be in the 1%

Silver adjusted for government inflation

>>25304784
Is there a silver only edition, and gold only?

>>25303844
>How's the mining down in Leadville been going Big Bob?
Mining is dead in Leadville, has been since I was 20

Pan Man also has a generous heart. They're both good people at heart. That doesn't mean their opinions will make anyone rich and I guarantee it will make a few people poor. Juniors are a crapshoot. They'll almost all be gone in a decade with a new crop to replace them. The shitcoins of mining stock.

>>25304182
>Big Bob (>>25302678) told me a couple of months ago that people would be cursing my name for recommending Klondike and Vangold.
they will. You'll be bankrupt and gone from here long before that happens though.

>>25304865
This one was the silver only chart, tho I don't know if anon that made this chart also made a chart for gold. I remember it being discussed and the ball park for being in the 1% was 12-14oz but that was months back.

>>25304931

We are in the first year of this silver bull market. It is going to last for years and years. I'm telling people to get in right at the beginning, not towards the end. I am sure that people will have the common sense to realize their profits before five or ten years elapse. Also, if what I have said here >>25297504 is correct, that this is going to be "the last precious metals bull market," then the junior mining stocks won't even necessarily collapse this time. If silver goes to $500 and stays there eternally, then Dolly Varden is never going to lose its value.

>>25305013

I'll be gone from here soon, yes, but not bankrupt, simply from a personal choice. Although every time I look at my mining stocks going up, I am going to smile to think of everybody here who is sharing in my success.

>>25305072
Please bring this to the bread I will bake soon. This will be fantastic discussion. If we have the numbers he pulled from or the equations. We can put this into an pastebin link with other resources to keep it up to date.

Anybody here stack base metals?
Copper pennies are almost 2x face value and nickels are back over their face value again too.

>>25305074
>We are in the first year of this silver bull market. It is going to last for years and years.
absolutely, but mining doesn't just boom in bull markets. It booms when metals are up and labor/underwriting are down. That's a narrow window and it doesn't last long.

the same inflation that drives metals up drives costs up.

I don't mind if people do well, but historically juniors are great for day/swing trading and suck so bad to hold. Either way Pan Man and I are making thousands of times the returns you are by working in mining instead of speculating in it.

>>25304931
I thought it was always assumed that investing in juniors is ultimately sort of like gambling, despite the due diligence meme. And that you should invest the bulk of your money in companies that are already proven, successful, and putting a lot of metal on the market.

>>25304931
>Juniors are a crapshoot.

Where would you park money in the sector? Mid tier and major producers? Any companies that you are bullish on? NAK and their failed pebble beach permitting definitely shows how fast juniors can shit the bed, but what about players like First Majestic? You bearish on them too?

>>25305155
>>25305168
all mining stocks tend to suck

just my opinion but holding physical is far wiser than buying mining stocks. yes, juniors and large miners will probably do well in the next 12 months. But don't sit on them too long.

>>25305143

>It booms when metals are up

"Up" in relation to what? If fiat collapses, metals aren't up any more, they are simply at fair value, for ever and ever. There is no dollar against which they are to be measured as being up or down. Silver can only collapse if the Fed pulls a rabbit out of a hat and manages to raise interest-rates again, which is never going to happen.

>>25305220
"when fiat collapses"

>>25305220
>"Up" in relation to what? If fiat collapses, metals aren't up any more, they are simply at fair value, for ever and ever.
you got it exactly

up in relation to labor. Up in relation to the fiat cost of producing them. As soon as labor fiat catches up with silver fiat the whole thing goes back to crabbing, just at a higher fiat level.

>>25288439
BAKE BEFORE WE GET ARCHIVED DAMNIT!!

>>25305168

You will always be safest in the long-term with something like Newmont. 99.99% of juniors are down 99.9% since 2011, but Newmont is only a few % down since the 2011 peak.

>>25305279

When Russia and China dump the dollar, there will be no fiat. There will be gold substitutes which are convertible into gold, and that will be money. Fiat was a temporary system of slavery, which America was able to impose on the world only because WW2 had made it omnipotent. Nobody has that kind of power now. Every nation will want something of intrinsic economic value in exchange for its goods and services, and no one nation will be able to impose worthless monopoly money on all the others.

>>25305339
Don't worry. I will once page hits 7.

>>25305356
>When Russia and China dump the dollar, there will be no fiat.
I don't have a crystal ball, all I have is history and my toes in the US mining sector. You may be right and you may be wrong. Historically you're wrong, but history doesn't always repeat.

>>25305356
>>25305446
either way if fiat collapses so will industrial mining since it lives on fiat and debt.

>>25305446

I'd argue that long-term history says that I am right. The long-term history to which Howard Buffett appealed in 1948. Every system of fiat money has ultimately collapsed. The short-term history is that the Fed was always able to rescue the system in the end by some scheme. In the 80s by raising interest-rates, in 2011 by Q. E. But they can't raise interest-rates now (see late 2018, or the size of the budget and debt), nor will Q. E. be effective in propping up the system any more (because now we have negative real yields in ten- and thirty-year bonds). So this is it, this is where the dollar really dies, and long-term history reasserts itself.

New bread

>>25305514
>>25305514
>>25305514

>>25305494

Fiat and debt aren't mutually exclusive. And if gold becomes money again, then any company with gold reserves is either going to get bought out, or be making a fortune. Mining companies will be the new central banks.

>>25305507
You're right, and so was Buffet

but that history was before fiat. Since fiat every collapse has been replaced with more fiat.

>>25305540
>Fiat and debt aren't mutually exclusive.
they're usually the same thing....

>>25305560

A century and a half ago, fiat money was tried in America. Greenbacks led to 75% consumer-price inflation. The scheme failed, and there was a return to gold. This is a political cartoon from the time.

>>25305593

If you are alluding to the fact that fiat is created into existence as debt, you are correct. But point is, people were able to go into debt when gold was money. You don't need fiat for that.

>>25305606
I know. That's because there was a working alternative.

It comes down to psychology, as you know very well. Maybe people will adopt metals next time but the same forces driving fiat now will still be pushing for it then.

>>25305641
ok, I get what you're saying and you're right. I just see fiat as debt, but not all debt is fiat.

>>25305648

I don't believe that the forces who push for fiat now will be successful. Fiat was imposed on the world by American omnipotence. But American manufacturing is gone, and, without its manufacturing base, America doesn't have the power to impose dollar hegemony any more. The nations of the world are much more equal now. Asia has the production, and if Asia demands gold, then America will have to pay gold.

>>25305717
We still have our military

>>25305717
>But American manufacturing is gone, and, without its manufacturing base, America doesn't have the power to impose dollar hegemony any more.
that power came from WWII. We stopped most manufacturing after that and just used military power to prop the petrodollar.

it is fading, but by military might we're in a class of our own still

>>25305753
>>25305786

High-tech toys don't do nearly as much good as people suppose. See what happened to the Saudis in Yemen lately. You can't fight a war without a manufacturing base, as Irwin Schiff pointed out in his 2001 lecture. America only gets most of its goods now because it can buy them with dollars. If the rest of the world refuses to accept dollars, then America is immediately impoverished.

>>25305850
>High-tech toys don't do nearly as much good as people suppose.
again true, but that's psychology.
game theory of economics
>You can't fight a war without a manufacturing base,
true. But 90% or more of our WWII manufacturing was invented in less than a year. Much like Russia. If you have enough people and resources you can tool up manufacturing super fast. But if you mine all your resources you got nothing. Ask Japan and Germany about that.

>>25305143
>It booms when metals are up and labor/underwriting are down. That's a narrow window and it doesn't last long.
>the same inflation that drives metals up drives costs up.

These are important points, thanks. With some people calling for $400 oil this decade and inflationary pressures multiplying fiat labor costs I can see it being a drag on profit margins especially for miners in the US/Canada. I'll keep it in mind, the Uranium boom/bust saw like 90% of the companies disappear and I'm sure plenty of PM juniors will die or get bought out but I sincerely believe that this commodities bull market will be one for the record books. I'll keep your recommendation to pull profits in mind but I have thousands of ounces already and can stomach the risk with juniors. Good to have opposing views here, that's how we learn.

>>25305850
>>25305887
high tech toys do quite well in total war. too well in fact. total war = apocolypse at this point so it's not worth talking about manufacturing bases in that sense.

>>25305896
these are unprecedented times, so I don't know how they'll go. And I'm no fortune teller. But metals and solid miners should do really well for at least another 1-6 years.