/biz/ - Business & Finance

>>25700691
First for cheapies!

I buyded 1oz Krugerrand today.

I HATE YOU FAGGOT SCAMMERS SO MUCH
YOU MADE ME BUY YOUR USELESS ROCKS
I WISH I BOUGHT MORE BITCOIN INSTEAD OF
THIS FUCKING SHIT ONLY GOES DOWN AND WILL ALWAYS GO DOWN
I AM DUMPING THIS RETARDED ROCK ON MONDAY AND GETTING ETHEREUM

Somebody asked about manipulation in a previous thread, reposting this post from another one.

"You know the spot price which you see on websites like Goldprice or Kitco? That's actually taken from a place called the COMEX, a futures exchange which trades in derivatives. In that market, hundreds of fake, "digital" silver ounces are passed to and fro for every real ounce which truly exists in the vaults. This means that you can dump billions of paper ounces on the market, and crash the price, at any time. The system, however, is like fractional-reserve banking. If enough people took delivery there, the system would immediately collapse. We saw this in the 70s and 80s, when the Hunt Brothers demanded physical delivery, exposed the fraud, and silver reached an inflation-adjusted ATH of $800, at a normal historic GSR of 1:15. The COMEX broke only a couple of years ago in the case of palladium (see chart). It will happen again as the dollar collapses, and there is a run on silver.

The four best places to learn about manipulation are, first, this short video about Andrew Maguire, who is one of the most important people in exposing the fraud:

https://www.youtube.com/watch?v=bKLQGJ_GGZk&ab_channel=ArcadiaEconomics

Secondly, this interview with Craig Hemke, Eric Sprott's friend, who has been watching this for years:

https://www.youtube.com/watch?v=9EOPKizJ_Y4&ab_channel=GregHunter

Thirdly, this interview with Bart Chilton, Commissioner at the CFTC, who, in a sort of death-bed confession, exposed the manipulation only weeks before he died:

https://www.youtube.com/watch?v=ShZrgZEq1Yo&ab_channel=ArcadiaEconomics

Finally, this interview with Rob Kientz, an auditor, who explains exactly how the COMEX works and a great deal about its history:

https://www.youtube.com/watch?v=KyAopYlD32k&ab_channel=PalisadesGoldRadio

J. P. Morgan was recently fined a billion dollars for silver manipulation, so none of this is to be regarded any longer as a conspiracy theory."

>>25700921
Based dumb money, sell it all and give us cheapies

im so cold

>>25700691
I had this picture as a facebook profile pic back in the day

>>25700691
>/ngmi general/

Are people really butthurt about a 5% dip? Who cares kek

To all my pmg bros. You have to realize that the Bitcoin moon is supposed to demoralize us and take up space in our head rent free. They want us stressing about how vapor tokens are increasing in price by multiple hundreds of percent. Don't focus on it. They are trying to humiliate you. Same with Tesla and all the clown market stocks. It's a show of force to shove sensible value investors' noses in the dirt by showing how long they can keep the markets irrational for their own benefit. Do not give in

>>25700968

This warosu thread from June will also explain where metals are going next. Ten-year yield is out of control. If it doesn't get suppressed soon with many trillions more in Q. E., the system will break down and the stock market will crash, just as in late 2018 or March 2020. It's a debt trap. They either keep printing an increasingly exponential quantity of money or the system falls apart.

https://i.warosu.org/biz/thread/19669109

Money supply is already going parabolic, just as in Weimar Germany. "The progression of annualised monetary inflation from under 6% before the Lehman crisis, to 9.6% subsequently until March this year, and 65% in the thirty weeks since is clear from the chart."

WTFTT????
HOW IS THIS EVEN LEGAL TO SHORT MANIPULATE SILVER THIS BLATANTLY??

>>25701162
I just do the opposite of what is popular and encouraged, and right now the popular thing is crypto and stocks

>>25701302
would be crazy if we saw a -10% today lol!

We are witnessing psychological warfare with Bitcoin. With multiple reports that BTC is predicted to be worth hundreds of thousands of dollars, it’s becoming apparent that investors are being intentionally led astray by big banks. This is the biggest scam I’ve ever seen. My question is: was BTC intended from the very onset to be a government-supported pump-and-dump to keep people away from PM’s, or was it started with noble intentions by real people but later co-opted by banking institutions with nefarious intent?

anyone wanna storm jpmorgan.

>>25701154
maybe check again lol, last I checked silver was down 9%, I thought pms were supposed to be more stable than crypto markets....

>>25701244
GET IN HERE!!!!

$24.95
>$24.95
$24.95
>$24.95
$24.95
>$24.95
$24.95
>$24.95
$24.95
>$24.95

that's it bros, i'm financially ruined forever.

Silver arrived today

WTF I bought the dip at open as it was such an obvious JPM dump and recovery. You fagots telling me that it kept dipping?

>>25701162
>>25701327
you faggots had TWELVE YEARS
keep cuddling your moonrocks nocoiners

>>25701382
lol wtf?

I'm sorry, /pmg/ frens. You're right, you're just early. And in this game, being early is the same as being wrong.

>>25701463
it's literally spiraling down like a fucking shitcoin
>$24.75

HAHAHAHAHAHAHA WHAT THE FUCK IS THIS PRICE CHART
SHITCOINS ARE PRINTING MORE THAN GOLD AND SILVER LAST YEAR

>>25701327
It's not organic

>>25701319
You kidding? Gold has been shilled on CNBC for past several months I think

where will the price of gold stop?
1500? 1200? 1000? 500?

>>25701508
Holy shit, so it is.

>>25701585
I'm waiting for 1400s before adding to my positions

Fuuuck this shit just bought 50 ounces earlier this week only to dump on me.

>>25699364
>So it’s beanie babies with a fixed supply? What about the two hard forks that already happened?
Hi fren. I briefly addressed that before. Hard forks and their acceptability and BTCs inability to adapt via softfork (and the likely corruption from soft forks) make crypto much more like a currency. It's definitely not beanie babies because BTC is very much like money on paper. Uniform, able to be a store of value, divisible, can be a unit of account. It's just that crypto really doesn't do this in its current state. It's really not too much different than fiat except specific chains that are more like money that is super centralized. The revolutionary part of btc is the intersection of economics and technology where you can make a system that is held together by independent actors and can be sustained and secured by participants who are given incentive to volunteer. That's really it. It's honestly a relatively boring innovation, but it's still a breakthrough. BTC is an experiment and even if it fails, I think it's been successful as an experiment.

If it goes below $20 I'm liquidating all other investments and buying physical. This is the end of the line JPM

>>25701344
checked, I'm in

>>25701489
Being late is the same as being broke

Last time yields went this high, it caused a further 25% drop in the market, and Q. E. infinity was needed to rescue it. We no longer have Q. E. infinity. Q. E. has been tapered to a mere $120 billion per month, that's why yields are now out of control. The Fed must go back to printing trillions before it's too late.

>>25701428
nice shinies during a bad day

>any insights JPM?
kek

>>25701638
I literally bought Klondike yesterday and i'm alrdy down -24%
Fucking clownworld torturing us for being the last sane people on this shitty ARCHON'd planet...

>>25701487
HE'S GETTING MOLESTED BY BOBO!!!

JPM is back with a vengeance lmao, hilarious chart

>>25700691
you mean EGLD, right?

>>25701712

The metals price evaluation won't necessarily come gradually. Most likely thing is that you'll go to bed one Friday night, wake up on Monday morning, and read that gold has now been revalued at $15,000 an ounce, silver at $800, and Bitcoin has gone to zero. Trading around bubbles instead of sticking to fundamentals only works until it doesn't.

>>25701093
HOLD ME TIGHT BRO DARKNESS IS SURROUNDING ME

>all these pro gold and silver youtuber financial experts getting utterly BTFO by a bunch of Jews
>all these charts and predictions
You know what? Crypto is more predictable than gold and silver market. Whales can buy and sell, but they can't manipulate BTC with worthless paper like this circus. -6% on precious metals in a week is simply unheard of, it's like they are dumping it out of spite? I can almost feel the anger of the person who clicks "Market Sell" button.

>>25701717
In long term those drops don't matter. I use stocks to make short term profit.

>>25701714
>blah blah blah
Markets clearly don't care about your yields and other meme charts.

>>25701319
What's that gif from?

HOLY FUCK

>>25701712

The metals price revaluation won't necessarily come gradually. Most likely thing is that you'll go to bed one Friday night, wake up on Monday morning, and read that gold has now been revalued at $15,000 an ounce, silver at $800, and Bitcoin has gone to zero. Trading around bubbles instead of sticking to fundamentals only works until it doesn't.

>>25700691
i bought 20oz silver today, should i have waited even more?

>>25701839
I agree, and I would actually like to buy some more miners today if possible... IBKR just needs to get my account approved. Might take until monday but I'll just buy at market open I guess

>>25701874
>BTC has gone to zero
I mean I have both but why are metal maxi people so delusional?

>>25701842

>Markets clearly don't care about your yields and other meme charts.

Don't worry. You'll find out soon for a second time that your precious Bitcoin isn't a safe haven, just as you did in March.

>>25701872
Put the nose down and call it a day

Love you chads. Just bought pic related. Will be pushing almost 1000oz

>>25700691
i dont have enough Morgans

>>25701638
> he bought?

>>25701876
Nah you wouldn't have gotten it any cheaper anyways I bet. Fuckers would have increased premiums anyway

>>25701829
FUCK PAPER
Fuck convenience, fuck them for falling for this shit and dooming us to JPM morning dumps.

>>25701909
How much did it cost to produce a BTC?

Did you buy the dip?

>>25701928
I'm just more pissed that I have a bid for 1kg of silver on ebay for $900

Come on JPM. I want you to do it. CRASH THESE MARKETS WITH NO SURVIVORS

>>25701872
What does it mean? They broke the natural trading pattern by a LOT? What's the point of that? They are selling early cause the market crash is coming? Or all that goes into Crypto now?

>>25701829
>they can't manipulate BTC with worthless paper like this circus
You're right, they can use tether, temporary market interruptions, and spoof as much as they want.

>>25701874
I think we agree. It's interesting that tge market movements are so soon. Usually the "financial hedge" of PM lasts about 10 - 15 trading days. I think I'll buy some physical today.

>>25701996
make a burner account and outbid yourself

>>25701944
Paper notes were based, a sell out is going to sell out, there was never any avoiding this. Eventually things will go back to what once was, but who knows what life will be like by then..

>>25701890
Well PMs won't recover that fast, so no hurry. You will probably buy stocks on Monday on discount without issues.

i already put too much in gold and silver i really shouldnt buy any more

>Find boomer on CL selling a 1kg bar at a decent price 2 days ago
>mfw it's now actually cheaper to buy from a dealer

>>25701349
They are lol

>>25702055
Yeah I'm sure I'll get some good prices. I'm just kind of sad because I probably won't get as good prices as I could right now... Oh well, deal's a deal

>>25701909

There is no reason for a useless piece of technology like BTC to have any value in a post-fiat world. It is fool's gold for the ignorant. It is worthless intrinsically and it is worthless as a currency. It only goes up in the fiat system because of central banks manipulating it on the futures exchanges, and pumping it with tether. Helps also that their MSM outlets constantly push it on people. It is intended to serve as a distraction from real money, nothing more. When the dollar collapses, every country will return to a gold standard, and BTC will crash for the same reason that Tesla will crash 99% from its 1300 P. E. ratio, because every single bubble will deflate to fair value.

gold really cant go to 0 can it? is bitcoin really digital gold? someone please hold me

>>25701428
Also, fledgling panner as of today

>>25702039
Kek actually a good idea, fuck ebay for even allowing low/no review people bidding on shit tho.

>>25702056
Don't buy more. I was overweight in march crash and sick in the stomach. But in cruise control mode rn. The psychological risk is real.

>>25701714
This really is the end. We are talking weeks, possibly months, now until a massive crash, not years. Why are they delaying the inevitable? They’ve got the puppet President in office, both the House and the Senate under Dem control, a compliant population living in fear. The stage is set. Just rug pull and get it over with.

>>25702128
How much longer can this planet run on absolute nonsense? Crypto is looking like a trillion dollar chinese scam

>>25702145
here anon, sshhhh, it's over, come do me a cuddle, forget everything, just focus on us, right here, right now.

>>25702145
Yes it actually turned out that there was 1 totally useless natural element in the universe. It has the symbol AU and is called "gold". Scientists are currently busy conducting experiments why this element with 0 use cases is found in the universe.

>>25702214
They gotta demoralize us more first before the final rug pull, they wont be satisfied until more people sell their pms for illusions of wealth.

>>25701344
just be sure to wear a biden hat

>>25702145
I wish it would or even to it's 20 year low of $200/oz

>>25702056
I just took delivery of 28oz of gold and 1565oz of silver the last couple days. Down about 4k overall at this time. Don't feel bad, we'll get through this.

What precious metals do I buy gang? I currently own a lot of led and brass. I was thinking of diamond or silver please explain to me newfaggot ass why I’m wrong. Thanks for any (you)’s

>>25702359
Get some LINK so you can get rich off of getting enslaved, then move it to silver, for the inevitable mega emp attack that happens later.

>>25702359
>diamond
Based.

everything will be fine so long as silver doesn't go below $20, it won't right?

>>25702359
>Diamond
Disregard jewels, buy metals. Silver is a bit volatile (just see the smackdown today lol) but has potentially more upside than gold. Gold on the other hand is a safe, proven store of wealth so I'd advise you to buy gold first. Platinum and Palladium aren't really worth buying as physical, too high premiums and not much of a market for them either.

>>25702145

>is bitcoin really digital gold? someone please hold me

You can see, objectively speaking, that Tesla is one of the greatest bubbles in history, simply by looking at the P. E. ratio. BTC doesn't have a P. E. ratio which you can point to, and demonstrably settle the question by, but anybody who knows the first thing about it understands that it is worthless. So the movement in its price can be reasonably attributed to the same forces which are pumping stocks like Tesla.

>>25702256

Remember, we had two crashes before when yields got too high, they _have_ to do more Q. E. The fact that they are losing control of yields now proves that the present Q. E. taper will not suffice.

>>25702359
>diamond
why not ruby?

>people call you guys the "NGMI General"
I kek'd a bit, not gonna lie.

>>25702502
It will go to 10 and you will be happy.

>>25702341
>>25702145
>>25702071
>>25701876
An ounce is an ounce

>>25701932
>>25701930
>>25701344
Based

>>25702547
Educate them on survivorship bias if you can

>>25702549
only if can buy physical at 10

>>25701949
>>25702128
> It is worthless intrinsically
lol. yeah, ok bobo.

>>25702269
Truly unique, maybe it can be used for money

>>25702624
Nobody said it has no value; it's just that the value comes from nothing intrinsic or concrete so the future is uncertain.

>>25702527
>You can see, objectively speaking, that Tesla is one of the greatest bubbles in history, simply by looking at the P. E. ratio
P.E. Ratio no longer matters in the current market, Boomers will either accept it or continue to make 10% a year while the kids on Reddit make 20% a day.
> BTC doesn't have a P. E. ratio
BTC is not a Company you colossal fucking moron. It doesn't generate or produce anything when you have BitCoins, it stores the value due to it's scarcity, SUPERB liquidity, security and demand.

>>25702670
this is why I avoid cryptos, can't speculate any value to it

What exactly is causing the prices to plummet so fast? Is JPM pulling out the big guns, or is there some major piece of news I can't find?

>>25701714
>>25702214
uhg... f-frens...
d-do you remember herr Schwabby warning us about a cataclysmic event who would happen early into 2021 due to (((russian hackers))) destroying internet and the power grid? It was so fucking obvious it was predictive programming, since barely DAYS after his show, you had the SolarWinds hack, the FireEye hack, and many others megahacks considered as the biggest hacks ever...

And yesterday i was looking at a grandpa vid specialized in esoterism and he showed the astrological map for 2021 : the biggest astrofuck up in literal millenias : like saturn and uranus fistfucking the whole galaxy in jan/feb, then a last time in nov.
The dude never saw such a fucked up pattern in his (very long) life.
I do not put any faith in astrotheology and this kind of stuff, but i know our satanic (((elites))) does... So i kinda keep an eye on it. And basically this month/next month and november are the best dates ever to install a satanic NWO.

>cheapest 1oz silver online is still over $26
damn

>>25702697
probably shorts covering, unironically.

fuck it, I'm selling all my shit for cyrpto bye guys.

>>25702547
kek, thats bullish

>>25702719
If they were covering they would be buying

https://findbullionprices.com/p/2021-American-Silver-Eagle-Coin/
>ASE's have an 18.5% premium
WHERE'S MY CHEAPIES YOU FUCKS

>>25702717
see you soon!

Oh no bros is the weight of my stack going to evaporate because of downward lines on the screen?

>>25702746
if i'm not too retarded, they're trying to close at a profit, so they're pushing the price. guess i should have said closing.

>>25702670
Except: >>25702128 actually did
>There is no reason for a useless piece of technology like BTC to have any value in a post-fiat world. It is fool's gold for the ignorant. It is worthless intrinsically and it is worthless as a currency
if it had no "value" people wouldn't buy it. clearly people are buying it so it gives it value. it's used to "store" value. If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.

>>25702606
Kek.

>>25702697
Its JPM. Even the vaccine dump looking more like JPM now. Oh well.

>>25702677
>P.E. Ratio no longer matters in the current market
reflect on your words in isolation.

>>25702794
>if it had no "value" people wouldn't buy it
horrendous argument.

So how are pm prices manipulated? Wouldn't someone have to sell a bunch of gold or silver to drive price down, and if they know price should only go up... Aren't they shooting themselves in the foot?

>>25702759
WHERE
IS
IT

>>25702677

>P.E. Ratio no longer matters in the current market

For now, no. The second the dollar collapses and gold becomes money again, nothing is more important. Every overvalued company will immediately return to fair value, and overvalued assets will completely deflate. Houses, for example, will lose at least half their value. As BTC has no intrinsic value whatever, it will deflate to zero.

>BTC is not a Company you colossal fucking moron

I never said it was, moonboy.

>>25702624

Another moonboy here who doesn't understand the meaning of "intrinsic value."

i borrowed money to buy GLD and SLV calls

>>25702867
>immediately
Probably not

IM NEVER EVER FUCKING SELLING ANY OF MY MOTHERFUCKING GOLD BEFORE EVERY OUNCE GETS ME A PRIME TEENAGE DAUGTHER.
OH WHATS THAT SIR? YOUR FAMILY IS STARVING AND YOURE WILLING TO GIVE ME ALL OF YOUR MATERIAL POSSESIONS JUST NOT YOUR TEENAGER DAUGTHER?
TOO FUCKING BAD MOTHERFUCKER YOU DONT KNOW THE PAIN I WENT THROUGH GETTING TO THIS POINT

>>25702128
>It only goes up in the fiat system
max fucking cope lmao

>>25702879
>borrowed money to buy calls
Bubble burst imminent!

>>25702888
you're right. we'll go even lower.

>>25702867
>As BTC has no intrinsic value
Nothing has if you think about it philosophically.

>>25701302
The saying goes "its only illegal if you get caught." That is false. It should go "Its only illegal if you get caught and the law is enforced."

>>25702794
fomo into vaporware is not intrinsic value

>he thinks /pmg/ owns Barrick
>he thinks /pmg/ follows Schiff blindly
>he thinks /pmg/ dislikes it when pm's go on sale

Yeah man, why do these shitcoin tourists always have such a retarded strawman conceptualization of the stacker's motivation and mentality? I have never listened to or read Schiff or Buffet and prefer constructing and following my own thesis. The most IRL skilled, competent, and materially productive people I know like PMs and regard crypto with suspicion or worse. The hyper-specialized but IRL helpless, materially unproductive postindustrial comfybubble redditor leftards I know all seem to be into Cryptos. The energy-cliff writing is on the wall and the coming hard times will crush useless flabby soicucks and their dreams of getting rich by HODLing vaporcoins while producing absolutely nothing of real value themselves. I'll be hanging with the productive and competent MetalChads while useless unproductive cryptocucks will reap the bounty of the nothing they've spent a lazy lifetime sowing.

Why won't zoomers buy this shit? It's available as PAXG on major crypto sites.

>>25702861
I WAS PROMISED CHEAP PRICES
I
WAS
PROMISED

>>25702945

>Nothing has if you think about it philosophically.

I disagree with you about this, but philosophically speaking it doesn't matter. For practical purposes, intrinsic value means what people consider to be valuable when the thing is not in a bubble, or bought merely for speculation. Gold and silver are a store of economic value which add materially to a nation's wealth, and can be used in industry and ornament, medicine and technology. Conversely, BTC offers absolutely nothing. After the reset, every nation will demand gold in exchange its goods and services. No nation will be stupid enough to trade the sweat of its brow for thin air. And we know for a fact that the Asian countries are preparing to issue gold-backed currencies.

>>25702835
imagine this is your argument. some asian bitmoji. fucking LOL. stay poor, metal boy.
>>25702966
who the fuck is FOMOing here? don't you realize that you can buy when things are low?
>>25702867
>moonboy
metalfags are almost worse than cryptofags, but it's really hard to tell as the line is very blurry.

Can we ban pmg? You guys are scamming people to buy rocks that are losing value while everything else is going up.

>>25702128
I want to believe

>>25702947
based octobro

Guys watch out we could hit $5 by Jan. 25!!!
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>25703022
OH CAPTAIN MY CAPTAIN

>buy crypto instead of PM's
>walk into grocery store and shop for an organic beef as poorfags outside protest
>approach checkout
>emaciated woman rings up my item and gives me my total
>"that will be $289,638 and 71 cents s-sir"
>never takes her eyes off my 6oz organic beef burger patty I plan to grill later
>seems like she might have been pretty before the collapse
>"sure thing babe"
>pull out my chainlink wallet
>"heres 1/100th link, keep the change sweet tits. Just need the stores address"
>she looks confused
>says they dont take whatever that is, they only accept Fed Coin, USD since there is still a few months left to turn them in for Fed Coin, or Gold and Silver
>try to argue with her
>security comes and takes my beef away and kicks me out of the store
>walk back in and demand to see the manager
>start yelling at the woman and the manager who calls security again
>"Excuse me, what is going on here?"
>everyone stops, I turn to see what silenced them
>see a 6'2" gentlemen in a suit with a cart full of whiskey and steak packages driven by multiple young virgin women
>"y-your eminence! this man here tried to buy his burger patty with something called..link I think? he is causing a scene..im so sorry"
>the man in the suit chuckles as he looks at me
>"Here you go fren"
>tosses me a small weird looking dime, seems old
>everyone in the rooms is wide eyed, manager looks at me
>"shall I ring up your 6 oz burger patty, our dear customer" he bows his head as the woman goes to the register
>"Not so fast" speaks the well dressed man in the suit
>I turn to him confused
>"He needs to earn that Mercury Dime" he says with a twisted grin
>the girls to his side giggle to each other

>>25703022
w-what's wrong with obtaining leverage via Barrick to hopefully roll into physical or hold as a speculative new form of bank-esque exposure?

>>25703062
>imagine defending the position that people only buy valuable things
holy fucking shit, lmao

>>25703063
You’re on a nazi board. Markets are run by Jews maybe ask yourself why.

>>25702697
No $2000 stimmy

Hope you filled your bags with digital silver lads

when this hits 14k I'm buying (with 2% cashback card)

>>25702639
Maybe...it might be possible. However, we need more data and experiments.

>>25703022
>Yeah man, why do these shitcoin tourists always have such a retarded strawman conceptualization of the stacker's motivation and mentality? I have never listened to or read Schiff or Buffet and prefer constructing and following my own thesis
Crypto holders are used to their token being led by one company/personality (Sirgay for LINK, Vitalik for ETH, Satoshi for BTC, etc) so they have to put a singular face on the metals market for them to understand.

>>25702439
Kek okay I’ll keep this in mind
>>25702494
Based Retard perhaps?
>>25702519
Awesome great info thanks, gold is now on the list.
>>25702545
I have nothing against them, red is nice. I know other anon said to stay away from jewels but they are alluring

>>25703121
I hope so.

>>25703124
kek

>>25703126
god you people are so fucking low IQ. enjoy your .05% gains YoY on shiny rocks.

>>25703121
God i fucking hope so

>>25703059
Venezuela is more than happy to use BTC, some use silver and gold, but it's a small fraction when compared to the Crypto market. It's more accurate, more liquid, more secure, these things matter in the everyday economy.

New silver investor here...is losing 10% in a day normal?

ALL YOU FUCKING FUCKS *WILL* MAKE IT I WON"T LET YOU NOT MAKE IT HOLD THE LINE

https://www.youtube.com/watch?v=3fbhVPnhX-4

https://youtu.be/Cxhk5Fi7G_s?t=9

today's theme

>>25703022
Checked and based, I haven't been around these parts for awhile because of all the tourists etc. Useless explaining anything to these people though. Keep stacking boss.
Do I regret not buying bitcoin when I could of bought them for 3-5 cents a piece and laughed at the ridiculous notion, sure. Should of gambled a hundred dollars, but I still stand by the fact that it is not real at all. All these people who think they have "made it" because of shitcoins, something they cannot see or touch is fucking amazing. All part of their plan, completely subverted. I do not know which way the world is going to go, I just know I am going the way I want it to go, if you want it to go the intangible technocratic way, you obviously have no real idea of what the world actually is.

>>25703124

>>25703063
>Can we ban pmg?
>>25703152
>You’re on a nazi board. Markets are run by Jews maybe ask yourself why

This
why would we want a bunch of worthless nazis making money? Let them buy their stupid rocks. It's an IQ test and they failed.

today is options expiry day - does that have anything to do with this? never seen silver -10% in a single day this is cray

>>25703183
I mean if you want some jewels you can always buy them for the novelty lol, they're just not worth it as investments. Although if you happen to go digging and find some great specimens you'll be able to sell those for great sums of money -- though that's less of an investment and more of a profession at that point lol

related, beautiful pieces of nature's own art
https://www.youtube.com/watch?v=cMLkXySP_4w

>>25703240
>some use silver and gold, but it's a small fraction when compared to the Crypto market.
How can you make that estimate when probably 95% of metal transactions are completely private and unrecorded (a big advantage of metals)?

>>25703266
It's a weekly phenomenon. You can thank J.P. Morgan Chase Bank for the weekly cheapies.

>>25702697
Check out 10y yield.

>>25703240
And runescape gold is also used as currency there, your point is? Everyone sold off their gold/silver within the first year of the crisis.

>>25703234
>>25703329
post diaper

What the fuck is wrong with CDE and do i go all in for the recovery

>>25701844
Space Runaway Ideon: Be Invoked. it's kind of like the predecessor to Eva

>>25700691
I told everyone there was going to be a pullback, thank god I never buy into the FOMO and fear mongering

>>25703167
I can't believe they were just under 10k a year and a half ago...

Why is gold and silver falling through the floor?

>>25703496
10y bond yields up
although interestingly stocks seem to be green

>>25703435
10y treasury yields should force the feds hand, if they want to control rates and save debtors we win, if they let rates run we lose.

>>25703349
>tfw i didn't eat any tasty frog since my granpa died
he was prepping the most delicious grenouilles

>>25703240

>Venezuela is more than happy to use BTC,

Moonboy fairy tales. Nobody in Venezuela uses BTC. You would need a year's wages to buy a single cup of coffee. They use dollar services like Zelle.

https://www.bloomberg.com/news/features/2020-11-11/zelle-has-turned-dollar-starved-venezuela-into-a-cashless-test-lab

>>25703547
although in the case the yields get out of hand everybody loses, debtors and creditors alike

>yfw jp morgan takes out 1770 in a single day

>>25702697
Standard process before sleepy Joe's massive QE and stimulus checks. The market expects that the stock bubble continues (bubbles outperform gold). So the PM crash is caused by:
Expecting QE --> buy stocks --> need cash --> sell gold

This stays for a week or so, but will eventually reverse when currencies start shrinking.

>>25703530
Ah, much obliged, anon.

>>25703567

>>25703346
Damn that videos awesome now I’m going to spend my day watching the fine minerals international aha. It’s cool how a dwarfs collect gems in this realm too

holy crap, my order for PureGold @ $1.75 USD just filled

AHHH WHY DIDNT I WAIT TO BUY NOW IM FINANCIALLY RUINED

although I'll probably buy more of it drops more, though wouldn't be surprised if physical will become hard to get like March last year, or was that more so because of the lockdowns?

>>25703722
>It’s cool how a dwarfs collect gems in this realm too
Kek, it's true though!
Mineral specimens are a totally different avenue than investment metals or anything like that. These are one-of-a-kind pieces, some of which are worth hundreds of thousands. I think Pan Man mentioned a gold specimen which was sold to some sheikh for almost a million or something. Picrel is one of my favorite gold specimens

>>25703774
I've been waiting for a time to jump in

I BOUGHT MORE SILVER MINERS YESTERDAY AHHH I'VE BEEN RUGGED

>>25703283
No this
https://www.youtube.com/watch?v=we72zI7iOjk

>>25703860
Might want to wait it out a little more. Not saying anything for sure but the stock is a bit overvalued so another day or two like this and it will keep falling. Although if you're in it for the very long haul then sure now is a good time to buy

>>25703797
Its more because sellers refuse to take a loss on their inventory. Spike lows don't reflect in physical. Long term physical will follow. Don't add to your position if you can't stomach todays moves.

>>25703865
same they'll go up again

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

We got too cocky, silverbros...

>>25700691
If we get down to $22 again I’m going to splooge

>>25703600
South Florida anon here. Actually lots of Venezuelans do and also use it to get their money out of the country. The thing in Venezuela is the power is "free" so there are lots of illegal mining rigs going as well, lots.

>>25703965
Defiance's chart looks utterly painful too, wouldn't want to be holding that today

>>25703910
I can only imagine Monday will bring more PM pain kek

>-10% in one day
-10% in one day
>-10% in one day
-10% in one day
>-10% in one day
-10% in one day
>-10% in one day
-10% in one day

I hope you're ready for what's coming JPM

What did he mean by this? Is he bearish on Silver? I'm confused

>watching this shit day to day.
you guys are going to give yourself heart attacks. Just buy it in regular intervals and stop paying attention to daily movements, it's always been like this.

>>25704077
he's a tard

>>25704077
Still confused, what does his SLV at 21$ mean?

>convinced parents to put 20% of life savings in gold to hedge against stock market
>they haven't bought in yet
AHAHA THANK YOU JP MORGAN I LOVE YOU KIKES.

>>25704132
I think it means he has the right to buy at $21.5 in June, so because the price is so low he predicts it will go up in the future, so he'll be able to buy really cheap in June

Another fucking shit day courtesy of the criminal robber barons of paper contracts JP Morgan. I hope they get what they deserve and in spades.

>>25703831
That really is incredible looking, I should get into digging lol

>>25701743
I dropped $4k on mining stocks yesterday. Oh well. I’m sure it’ll come back.

wow, I lowkey shilled Galleon Gold in the last bread and it's now up almost 7% today

>mfw 2.1k clearing on monday
What should i buy silver bros?

>>25704120
>Just buy it in regular intervals
DCA used to be an effective strategy until the shitshow of 2020, now it’d be a better strategy to load up on dry powder and make a big purchase every time the price goes into the low 20’s

>>25704061
Just sold my entire position yesterday. Pure luck.

Wallbridge is holding up nicely.

Newb question. If I’m sitting on a bunch of junk silver (quarters) and gold eagles, what’s the best bet for selling? Do gold/silver shops and jewelry stores pay spot?

>>25704071
Based Mr. Morgan, if we get sub $20 per ounce this month i will renounce my antisemitic ways.

>>25704522
Find a high quality coin shop and read reviews. Don’t go to a cash for gold place. They will try to rip you off

>>25704382
until it goes to the moon. i mean you might get lucky timing it like that, but reality is what happens if it goes to the 30s and stays, then you'll wait 6 months and never buy? Buying when it goes into the 20s is a hindsight strategy and only works for recent times. DCA has worked for ages. fact is this shit in the short run might absolutely tank, or it might moon, it's hard to know, so we all agree the fundamentals are that it will go up: so just buy once a quarter or monthly or whatever and forget about it. timing the market is for people with time machines.

>>25704132
He bought call options. He's bullish.

Insider anon here. Popping in to relieve some tensions among you folks. Don't worry about the PM price drop, it's a predictable happening- let me explain:

>Monday 1/11/21 at 9:30am Eastern, an Executive Order will take effect that effectively embargos China. Any holdings will become effectively worthless and non-transactable for the foreseeable future (at least 4 years). Powers that be are heavily invested in China and forced to liquidate assets at an accelerated pace. They have no time to waste.

>JPM and custodians have been instructed to do whatever they can to lower any available mechanisms (e.g. "outs") to reduce the barrier for entry. It actually hurts JPM to do this, because it puts a strain on their long game. In the business of generating profits, why would a trickle long game be overshadowed by a potential short-term loss: to mitigate a long-term loss. If they don't liquidate over the next 2 days, their losses will be insurmountable.

>Politicians are rushing to remove Trump at any cost as we speak, because he is the only one that can stop the embargo from taking effect. A 60-day grace period will expire, preventing a short-term rollback and sustaining the EO indefinitely. Ask yourself why so much energy is being publicly put toward removal when they can just sit quiet until inauguration day? I hope common sense provides you that answer. Occam's razor.

In short, the true buys over the weekend will cause an instant price rebound, so hold tight and stay positive. I assure you the future will be brighter than today. Godspeed.

>>25704694
It depends on how many times you think it will tank. If you think it will tank many times, you should save up dry powder instead of DCA every week at the LCS. I don't think there are many left though

>>25704061
>>25701743

It's the bubble stocks which get hit the hardest on the way down. DEF might be fundamentally undervalued (just like most silver stocks) but it has a lot of hype priced in because of all the Twitter pumpers, and its being in the "biggest" section in the Silver Sitfolio. Klondike was in an enormous bubble as well, ghost management team with no plans and no drilling; have been saying since it passed a $45 million mcap to sell half and put the profits in relatively undervalued stocks, hard to believe that it ever got to $75 million. Bayhorse and Blue Lagoon are only down 5% today which is a pretty strong statement that they have hit a bottom.

Of course this is all short-term noise in any event, it doesn't particularly matter what happens to these stocks in the medium-term. I only trade around them sometimes to amuse myself. 100x or more is coming, for virtually all silver stocks which aren't a complete scam. All that a person really need do is hold and be patient.

>>25704338
it's down almost 10% lol

>>25704077
Why didn't he buy OTM calls then? What a tosser.

Ok guys. Pls shill me a good silver mining company. Or should I just buy SILJ ?

Would 420 toz of silver be enough to make it, pmg Chads?

>>25704077
>>25704878
....do you guys not know what a strike price is?

>>25704890
remember physical and DYODD

>>25704890

Dolly Varden, Impact Silver, Silver One. You cannot go wrong with these three stocks, and all of them are at a 10% discount today.

>>25701949
Actually costs quite a lot these days.

>>25704848
Why would the Biden administration embargo China?

Is anyone buying the dip or are we too scared?

>>25705044
it's a weird larp

I didn't want to believe it, but between Nov 3rd and today I'm now forced to admit that we do live in clown world, and that unless you're a clown yourself the world simply makes no sense.

>>25704848
>I assure you the future will be brighter than today.

Sure it will, just wait 2 more weeks right?

>>25704848
Interesting, but why would Trump stop the embargo on china?

>>25704500
>Wallbridge is holding up nicely.
Yeah, I'm only down 18%

Fucking premiums are cucking me right now. Looking to place an order for a 500oz silver monster box and it needs to be offshore but the best premium I've seen is 16%. Anyone know what range I should be looking at?

>>25704850
You can't know that though. We have no idea "how many times it will tank." We can be confident in that the fundamentals point that it will eventually be much higher in price. I mean if you want to set money aside extra for when it tanks maybe that's a strategy, but I'd have my main plan be just DCAing in...because it might never tank again one day.

>>25705055
>>25704769
>>25704132
>>25704212

>Is anyone buying the dip or are we too scared?

>>25705036
Honestly I admit the "it doesn't cost much to produce it thus it's worthless" argument is pretty weak.

However at the same time one should admit that value does not always come from the cost of making something. For example it takes a whole lot of effort time and money to make an Empire State Building made from shit, but it's still worthless shit in the end.

>>25705090
This.

>>25701489
Goldbugs will eventually be right in 30 years.
So that's 29 years of crabbing maybe losing their shit to JPM dumping on them while everyone else steadily makes double digit gains per year in the market before retiring.
But they'll be right in the end. Eventually.

>>25705189
thats only an SLV call though, not miners

>>25704071
First time?

>>25705189
oH NO NOT THE MANNARINOS

>>25704848
Cringe LARP

BUY THE DIP

>>25700691
RIP Gandolfini

>>25705240

PM investors made a fortune from 1962-1968, 1971-1984 and 2001-2011, as in hundreds of times gains in mining stocks. How do you think Peter Schiff became so rich? You're just like every other fool who rushes into a bull market at the top and fuds a bear market at the bottom.

>>25705254

Miners are leveraged to the price of silver. Mannarino buys only calls on SLV because he doesn't understand miners.

>>25705336
i'm on nofap, pls stop posting qts

>>25704848
>Embargo on China
>70% of all the shit US uses come from China
Yeah. I can see this happening totally.

I'm a metalbro but I can't wait to hear Peter Schiff explain this one away

>>25704848
>insider
of what retard? You're probably the same faggot that swings by every now and then telling everybody what your imaginary supercomputer predicts for the future

>>25705482
especially when you consider that most pharma companies have moved all their drug production to China now as well, good luck with any embargo when you need them for your medicine, the US has completely cucked itself with China lol

>>25705498
If I was him I would just avoid posting for a few days, wait for things to cool off and then come back pretending this never happened

>>25705418
Maybe you got suckered into an overcrowded re-inflation trade? Dollar index is now above 90.

WHERE THE FUCK ARE MY CHEAPIES? I MAY ASWELL BUY LTC AT THIS POINT

This boomer i know said he’s holding for a bigger dip lol

Bres, I just bought this beauty for $32,99. I did good, right?

>United States 10-Year Bond Yield
> 1.103 +0.032 +3.03%

>>25705644
A lot of pros have been calling for a massive dip in PM during 2021

>>25705055
Averaging in today, Mon and tues. Grabbed wpm, paas. Monday is probably helca and endeavour or slvp

>>25705145
The price at dealers and the spot price diverge when the spot price drops. The premium is the spread. Take that into account and just get it while you can

>>25705665

>>25705044
Trump is still president until inauguration?

well that was quick

I want to take advantage of this incredible buying opportunity but I like all my miner stocks too much to sell. Perhaps Bear Creek because of the large market cap, but even with them, there is huge potential.

I dunno if this is the big dip I was waiting for so am conflicted, some positions look like they're priced for entry but will JP Morgan continue blessing us with cheapies on Monday? I was hoping for things to drop a bit more before spending another 8 grand on miners.

>>25705681
I mean a lot of pros said we were overdue for a recession in stocks for years now but look at where we are now. ATH.

Nothing makes sense anymore

>>25705560
that may be, but the trend is actually companies moving out of china to go to india

As a poorfag who wants to get into PM's, this drop came at just the right time :D

>>25700921
Sell me all your pm. I'll give you reduced premiums.

>>25705912
>>25705964
>>25706012

>>25705055
I would but i won't have money until monday fml

Download Webull with my code, deposit $100, receive 4 free stocks. I am up $60 in free stocks just for signing up. I can deposit the money into my account at anytime. This is not a scam, Webull is rewarding customers for using their platform. JUST MAKE SURE YOU USE THE CODE OR YOU WILL GAIN 2 FREE STOCKS INSTEAD OF 4. Let’s all eat. ,,, https://act.webull.com/ne/cpv8XVuNebFd/doj/inviteUs/

>>25700921
Bear will be bull.
Silver and gold is money while reaching into the industrial market.
Silver will become the absolute submariner underground currency when globohomo decide to pull the rug from the current currency.

>>25700921
what are (you) selling?

Dip = bought

>>25701638
>down $2
Bro you have no idea what fluctuation is.
I'd these prices bother you than you would go insane on bitcoin or other crypto.
$25 is good for now.
Whatever correction comes will be a ruse with silver and gold.

>>25703720
gib yummy froggy burga

>>25705070
11 days

what 1 oz ag bar does /pmg/ recommend?

>>25706720
The one with the lowest premium

>>25701999
>999
If we hit back to below $13 it's still a win for silver Chad's.
Silver Chad's dont care about the inital drip because it just means buying more silver with less. Sipver Chad's stack and stack knowing not only will a moon be imminent to fund hard assets, but knowing they will be potentially backers to a new government or regional currency ounce there is semblance of some stability.

Dips or no dips.
Silver Chad's will make it.

>>25706512

>>25705574
solid cope strategy, i like your thinking

>>25706811
I am prepared to acoomulate for 2-3 years

>>25706811
I bought another 2 silver 5 minutes ago

>>25702319
$200 for an ounce of gold would be insane yet amazing. Those of us were too young to know gold and silver was the only currency solution didn't buy anything and by the time we got into the work force it was too late.

>>25700691
Is there a lot of gold left in the oceans? I know that in ancient times there were literally just nuggets of gold copper, and other shit just laying around but they've all mostly been found.

t. just wants to find a gold nugget in his life

YOU FAGGOT GOD BUG CHASERS LIED TO ME!!!

I PUT EVERYTHING IN SILVER AND NOW AM FUCKING RUINED.

ALL I HAVE NOW IS SOME FAGGOT ROCKS. GONNA TIE THEM TO MY FEET AND THROW MYSELF OF THE BRIDGE.

FUCK YOU FAGGOTS AND YOUR RETARD MONEKY BRAINS I HOPE JPM CIRCUMCISES ALL OF YOU AND MAKES YOU EAT YOUR OWN FORESKINS

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH

>>25702709
post vid link fren I need to see this /x/ shit

>>25707019
there is, but it's not worth the cost of the machinery, really tells you how likely asteroid mining is going to happen anytime soon

>>25707051
It's in frog language though, is it ok for you?

>>25707113
its okay fren, i'll figure it out

>>25707019
>mining nickel from the ocean floor is so eco friendly guys
>proceeds to burn hundreds of tons of diesel to suck up rocks from the ocean floor.

Are there really investors out there that dumb?

>>25707019
There is a lot of gold and other mineralization on the seabed. But so far it has been economically unfeasible to mine. There's also a lot of old treasure in shipwrecks but those are not worth the investment for anybody because of governments claiming ownership when they're taken up from the waters

picrel is a failed company's specially-made seabed mining equipment

>>25707135
https://www.youtube.com/watch?v=Uw_o1j2j8QI
start around 50mn

>>25707219
thanks fren

>>25706811
If it dipped to 13 I'd sell a kidney or two to fund more purchases.

>>25707196
wait governments can just do that shit?

>>25707094
Asteroid mining would break out current system. If you kine them for gold or whatever they typical have ungodly amounts, some have materials that total more than we have on our planet

>>25707229
if you need halp don't hesitate, becuz he speak in his mustache like a papi

>>25707267
Better question is why would you tell them? Just get the stuff authenticated and sell it

>>25707267
>governments can just fuck me in the ass?

>>25707267
Governments can do whatever they want to their citizens lol

>>25707030
Never put everything into anything. Current policies are inflating other commodities as well, so don't stick just with gold and silver.

Platinum and palladium, lithium, rare earths, base metals, uranium, oil etc. all need your love, too. I buy crypto and normie stocks too, because after all, line go up.

In the most bullish scenario possible, just having a large or even small percentage of your total invested in PMs will be enough to make it.

>>25706956
I bought another 50000 silver 2 seconds ago

>>25707272
doesn't matter when the cost of developing the machinery, building and launching it, then waiting months for it to get to the rocks, then mining the rocks, refining them, waiting for months for them to get back, landing them back on the planet all cost so much that it's more than just taking metal right out of the ground.

>>25707317
Diving up stuff from shipwrecks isn't exactly cheap so it requires considerable investment. Sea borders are also under active government surveillance
t. my conscription assignment was in sea surveillance

>>25707367
pics or it didn't happen

>>25707174
Are you really that dumb? Carbon emissions pose literally zero danger to the environment

>>25707336
>Governments can do whatever they want to their chattel
FTFY

>>25706929
Buy a little at a time or large amounts at a time. I typically buy large amounts at a time in order to not have continuous transactions of the same location listed on the bank accounts. Every few months large single transactions mixed with various other ones. Right now a lot of people are seeing "large" purchases between 15 - 25 ounces. When silver was $15 that most people were buying 30 - 50 ounces.

BUY THE FUCKING DIP BROS

>>25707454
Yeah go tell the TSLA cultists chief.
Smart people here in this thread.

>>25707895
already bought 1500 shares of BLLG, don't have load anymore until febuary.

>>25707911
>carbon dioxide is released into the atmosphere
>plants and microscopic sea organisms convert this carbon dioxide into oxygen for us to breath
>carbon emissions are somehow bad
Did you even pass high school?

2hrs 55mins to reach bump limit. Is this a record for pmg?

>>25708029
I got better things to do than to argue with a coal mining redneck.
Trust the plan. Trump won.

>>25707019
Commodity prices need to be WAYYYY higher to justify ocean mining. And it'd still be much cheaper than asteroid mining.

>>25705675
If the yield hits 2% you're gonna see some serious shit. Initially bearish for precious metals but long term very bullish

>>25708094
that's a man

>>25708102
> I got better things to do than to argue with a coal mining redneck.
Ad hominem and deflection of the argument both at once, thanks for admitting defeat

>>25708185

>tfw I will never have a room full to the ceiling with silver

>gold is down
good
gonna buy it and sell when it eventually pumps

>>25708270
>The plates are so shiny they are like mirrors
DISGUSTING
YOU DONT CLEAN YOUR JUNK

>>25708192
Your president told your type to storm the capitol and then threw you under the bus yesterday.
You and your kind are a joke.

Enjoy getting your ass pounded by JPM for the foreseeable future.

>>25708420
You have to be 18 to post here

>>25708421
You shouldn't eat off dirty silverware anon

>>25708497
Lol you mad. Eat shit magacuck.

>>25708527
>I don't actually eat off of my silverware though, I just keep the plates in a cabinet on display

>>25708565
>polishing silver
ever heard of it?

>>25700691
What is the reason for the smackdown on gold prices?

>>25708534
based

>>25708589
ask next thread

I'll bake

>>25708701
>>25708701
>>25708701
>>25708701
>>25708701
>>25708701
new

>>25708655
already smells nice

I wonder if the JP CEO reads the thread and laughs