/biz/ - Business & Finance

FIRST

>>25783457
First for

So what miners are you guys looking to purchase this week?

https://www.youtube.com/watch?v=z0F5lvqryA4

MannerMan's latest.

>>25783554

morning all just having coffee before work, did I miss anything.

anyone know any info about mining results from manganese x thats supposedly coming out this week?

>>25783554
i havent been following the rick rule rule of Spending at least 1 hour of learning about a certain miner until i actually buy it

>>25783729
not much other than its preliminary drill results. Should be out soon though.

>>25783554
already bought 600$ of bllg last week. Next payday in 3 weeks, hesitant about irving or starcore.

I should have bought the bitcoins though. I take solace in the fact that quadrupling whatever small amount I put in wouldn't really make a major difference anyway though.

>>25784193
what about blue lagoon interests you? moly and copper look good for starcore at their el creston project

>>25783618
>working on sunday

What are the implications?

>>25784488
>will be sold at face value
Weak bait

>>25784419
big copper play, 70$ million already invested so timewise we won't have to wait long for returns, territory is PANMAN approved so there must be a lot of gold/silver (confirmed by their drills), low MC.

What interest me about Starcore is just their silver, the fact that they can produce some silver and have a high AISC (so they are pretty elastic to silver rise). I didn't do enough DD on them honestly so i'm trying to gather informations.

>>25784433
we work 7 days a week but weekends are only repair and clean up. Need anything before I go?

>>25784541
Yeah, thought it's improbable too. The bill exists, but I couldn't find the full text.

>>25784598
>(a) Sale Price.—The coins issued under this Act shall be sold by the Secretary at a price equal to the sum of—
>(1) the face value of the coins; and
>(2) the cost of designing and issuing the coins (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).

>>25784634
Found source too
https://www.govtrack.us/congress/bills/116/hr6192/text

>>25784488
>>25784685
Kek the image is the correct source. not sure why it says sold at face value when the text of the bill is right there and says otherwise

>>25784488
will this affect the price of silver?

>>25784756
I just wanted to confirm that the image is the correct source. Obviously it's not my image.

>>25784770
Not if he has anything to do with it

Any eurofags here? What should I take into consideration when buying gold in the UE?
I mean, regarding to taxes...

>>25784903
Avoid them.

>>25784903
Depends on your country. I think laws in most places are more favourable to gold than silver, because silver is used in industry. You'd probably have to declare your profit/loss after selling and pay taxes on that though.

>>25784903
by at a store

I have asked this once before but never really got any good answers. How does paper gold "inflate" real gold when there has to be someone taking the short position on it? There is no way for them to print gold into existence without taking the short side of the trade.

>>25785409
The theory is that there is a bigger quantity traded on the comex than mined, hence implying that the comex cannot back up all paper ounces with physical, as it is required to do. Is this what you mean under inflate?

Nick Gerr

>>25785609
Not sure, I've just heard the line that it's "inflated" by paper gold. What's the proof for the COMEX stuff? I read a bit about it but honestly it wasn't very convincing, mainly that some people got the wrong bars.

>>25785409
Paper gold has an insanely high trading volume. Gold is essentially money, so this high money velocity means it is seen as less scarce. If gold actually had to physically change hands then the cost of doing business would be a lot higher, liquidity a lot lower, and gold's value would skyrocket. The key here is that the amount of paper gold changing hands is far more than what could be covered by physical delivery, and this year we have seen that when people actually do take delivery that COMEX can't keep up (it wasn't designed to be a delivery warehouse, they say). Basically they are printing money out of thin air which is nominally backed by gold in vaults but is easily susceptible to a "bank run" of sorts.

>>25785728
The truth is there is no proof. As far as I'm aware they post some data about deliveries and so on, but only the transactions from the last week are online. If you want the full data you have to pay some ridiculous amount and I don't think the comex has been audited. I think Craig Hemke was following the numbers, maybe you could find some more info on his site.

>>25783514

>>25786135
those 1 oz bars look like 10 oz bars

>>25786360
thought the same thing, better than the first attempt by a mile tho

>>25785885
I mean anyone can make a contract that tracks the value of anything, if that truly makes the gold price go lower then it's not a very good form of money.
>Basically they are printing money
How? This is the exact part I don't understand. They're just contracts, someone takes the long and someone takes the short position. If the short can't deliver then that's that. Gold can't be printed.

How many asahi rounds or bars does PMG has in the bottom of the ocean?

>>25783457
What is the point of stuff like this? Who buys this?

>>25786809
i left about 100oz worth right near the laurentian abyss. hid it underneath this old looking ruski sub. dont tell anyone

>>25786829
consoomers

you guys think we are going to see a rebound tomorrow or continue heading down?

>>25786464
The doomers will tell you price is suppressed but they have no methodology to say what the price should actually be. You make a good point, that if the powers that be were short selling futures naked then the naked short would have to buy in a frenzy because of the backwardation, bidding up the spot price. Nobody is manipulating the price. One thing people ignore is the fact that so much gold mined many years ago is still in circulation, just not accounted for because who wants to report to their government their stacks? The reality is just that it's very hard to even begin to track the supply and demand for PMs and thus very hard to determine the true fundamentals for PMs.

>>25786829
Makes for a nice gift to grandchildren I guess. Also a soft intro into real money.

>>25786829
sometimes it can be advantageous to purchase a collectible rather than an investment, such as ebay gift cards

>>25786925
It gets worse by the way. I don't get it. Isn't the point of having precious metals the fact that they hold their value pretty much no matter what? If the economy collapses no one is going to give a fuck if your silver bar looks like superman with down syndrome.

>>25786464
>if that truly makes the gold price go lower then it's not a very good form of money
I agree in principle. Currently people do not place a high value on physical possession of their gold and silver, but if it becomes clear the COMEX will default, or that gold may be used as money, this could rapidly change. Gold CAN be printed through loans. It's the same mechanism as fractional reserve banking, except there's no reserve requirement. If I own a 400 oz gold bar I can lend the whole thing out to someone who sells it for cash with the promise of future payment in gold, and now both I and a 3rd party "own" the same gold bar.

>>25786829
redditors.

>>25787290
>Gold CAN be printed through loans
This is the same thing as I mentioned above, just someone taking a short position which they have to cover at some point. If someone has been suppressing the price for years by naked short selling then they would have accumulated an unfathomably large position by now. Where is the proof that such a position exists?

Amerifags, you are going like china. Get out asap.
https://www.buzzfeednews.com/article/clarissajanlim/teen-names-mom-trump-supporter-dc
https://en.wikipedia.org/wiki/Red_Guards

>>25786464
simple: Infinite amount of shorts available, because its a paper market. So they can trade 2 years supply in 1hr.

http://www.24hgold.com/english/news-gold-silver-smoking-gun-proof-of-silver-manipulation-and-how-to-profit-from-the-price-rigging.aspx?article=9781593754H11690&redirect=false&contributor=Jason+Hamlin

This is well documented, and banks are being fined for manipulating metals markets all the time. JPM just had a bunch of people incriminated iirc

>>25787554
I'm not talking about a centralized cabal putting up massive short positions, I'm talking about paper gold changing hands rapidly so that people "own" more gold than actually exists.

>>25786760
Look at this shit

>>25787217
>175$ for 1oz capeshit coin
>108$ per oz for the statue

>>25786829
Harry Potter was the worse offender for these
>$50 for 5 fucking gram of silver

>>25786829
I used to be a literal coin collector. Not for the metal but to have as many unique coins as I could have. Me. I'm the market they are going for.

But my collection was stolen years ago and I haven't gotten back into it since. /pmg/ please convince me to become part of your group.

is it worth paying ~6%/year fee to buy and hold gold? last year it was worth for me because I earned about 30% total.
here in brazil the fee is 0,121% a month for 100g OR LESS, I'm poor and I feel like gold is good investment, even with high fees for poor me.
I'll try to buy more to compensate, but I'd like a second opinion.

>>25788197
How was it stolen?

>>25788199

Kinesis should be available in Brazil with no vault fees. If not, buy mining stocks.

>>25788197
nice cover up

>>25788243
Some one broke into my house and took it.

>inb4 get a safe
I did this as a kid/teenager, my parents wouldn't buy me things like that. I'm 27 now and yes I have a safe.

>>25787843
kek at this seething boomer

>>25788385
with a combination dial right?

>>25788385
>Some one broke into my house and took it.
How many people did you tell that owned gold and silver?

>>25787012
I think a 10% drop is going to be having a lot of people placing orders over the weekend. Think of how many people got paid on Friday... The price is going to jump tomorrow with China open and the maybe dip again around 8-9AM when NY trading desks open up again.
I think they are desperately trying to push people into crypto and away from metal.

>>25788364
Cover up for what? Having been an 8 year old that changed out Christmas/birthday money for coins?

What do you think about Sam's investing strategy?

https://www.youtube.com/watch?v=Wn9aiHGPZdw

I am starting to ramp up some prepper purchases. What are some good ideas to buy. I'm thinking of getting a case of whisky, several pairs of shoes, etc. Lighters as well. Anything else you would normally look past?

>>25787843
>banks are being fined
no one goes to jail; fines are a pittance of the huge daily profits

>>25788515
Baofeng UV5R's are heavily overlooked.
Communication is key.

>>25788515
something relatively small to chop wood for fire

>>25788456
I didnt own gold or silver. I was a child then, it was quarters with the different states on them. Europoor equivalent of pennies, nickels, dimes. Pesos, etc.

>>25788515
Is this for scalping during the happening? Cigarettes and sweet tart ropes

>>25788583
>>25788524
Kill yourself namefag

>>25788583
>Punchy
Fuck you

>>25788408
Not seething. Am ACOOMULATIN

>AEROSPACE AROUND REGAN INTERNATIONAL AIRPORT HAS BEEN CLOSED
>POPE FRANCIS IS GETTING ARRESTED OVER CHILD PORNOGRAPHY
>VATICAN BLACKOUT
>LIN WOOD RETWEETED https://www.conservativebeaver.com/2021/01/10/vatican-blackout-pope-arrested-on-80-count-indictment-for-child-trafficking-fraud/
ITS FUCKING HAPPENING AHHHHHHHHH

>>25787612
where do you guys recommend I go to? I am researching and planning on becoming an expat within the next 5 or so years.

>>25788515
Plenty of water and batteries.

>>25788858

>>25788722
I meant the guy in the video.

>>25788515
>Investing in whisky
based

>>25788858
>>25788936
BITCOIN BAGHOLDER AHAHAHAHAHHAHAHAHA ITS NOT TOO LATE TO CASH OUT BUY SILVER BITCHESSSSSSSS

>>25788512
mental illness isnt an investment strategy

>>25789041
Looks like cope to me. How can there be no income taxes without reducing government spending? The money will just come from thin air? Donald Trump will just epically own income taxes? Lmao.

Why is /pol/ not talking about this yet?

>>25789228
Eglin AFB is too busy spamming "How do we solve the white women problem" threads.

https://www.zerohedge.com/covid-19/another-mutant-covid-strain-discovered-japan-greater-tokyo-outbreak-worsens

Irving Resources investors may want to take note of this. Possibility of continued severe lockdowns in Japan.

>>25789147
I don't buy into it but I think the idea is that defaulting on our trillions of debt means the majority of income taxes collected doesn't have to go towards servicing the interest on that debt.

coffee break post.
interesting news from Peru
https://www.mining.com/canadian-companys-exploration-rights-in-peru-hanging-by-a-thread/

>what’s this pattern called?

“Peter schiff dumping his bags on your head”

I’m looking to spend $100-150 on silver right now. What should I buy?

>>25788302
In an earlier thread, I had asked how Kinesis would pay for vaulting and auditing fees if transactions ceased for one or two years. The reply was that Kinesis would then charge those fees. To whom, the token holders?

I'm not interested in cryptocurrencies so I'm not going to spend the time to read through all the technicalities of Kinesis. However, it sounds like a fraud. How can Kinesis charge storage fees to the token holders if it doesn't know who the token holders are? What happens if the token holders cannot pay, either due to outright refusal, financial difficulties, or political difficulties? Will Kinesis somehow invalidate some tiny percentage of tokens and use the metal backing those tokens to pay for the vaulting fees? Or perhaps, most obviously, Kinesis will reduce the amount of metal backing each Kinesis token. How is that different from a fiat currency?

>>25790565
5oz bar on a secondary market

>>25788617
Sorry to hear about the theft. That's just disgusting what the lowlifes did. On the positive side, the states quarters aren't worth anything unless you had the silver ones.

>>25790637
The same way ETFs charge their management fee - through the price of the shares.

Market will pop when it opens in a few hours but wait for the sale to continue into Monday guys

>>25789556
There will be no elimination of debt and therefore income taxes. Imagine all the politicians and other welfare recipients suddenly being forced to do something useful to earn a living. They would riot.

>>25789556
That debt didnt come from nowhere. Even if it's expunged, who would take on our new debt? We wouldnt be paying interest on debt anymore we'd be forced to pay for all of our shit cash out of pocket. Where will that money come from lol?

Do you guys thank peter schiff for keeping you poor?

>>25790901
who is peter schiff and why are you so shit at baiting?

>>25790803
Yes, but it would also bring manufacturing and production back stateside, since overseas Japan, China, Taiwan, Korea, Saudi Arabia, Qatar, UAE, et al wouldn't readily accept the dollar anymore. If the decades long glut in wages is corrected and meaningful work returns to US workers long term there won't be unhappiness.
>>25790867
We would also start living within our means.

It would hurt for a while, definitely. I've always said we needed a soft landing for when the USD is no longer the reserve currency. It would be a net positive in the long run, I believe

>>25790442
Joke's on you, I only own silver.

>>25790696
Is Kinesis a company with stock or is it a cryptocurrency or is it something of a hybrid where shares of stock are represented through cryptocurrencies? The ETFs make it clear in their prospectuses what the fees are and that they take out the fees by taking some of the metal to cover those fees. It is understood that if one holds a share of a PM ETF for a very long time, the amount of metal will go to zero.

Kinesis' structure and fees don't seem honest at all to me. Why not use BullionVault or GoldMoney? Those companies state very clearly the commissions for trading as well as the fees for vaulting. Users remit money to those companies for purchasing PMs and for the vaulting fees. So long as a user has adequate cash to pay the periodic vaulting fee, the cash is used. Thus, the amount of metal a user has will not surreptitiously decline.

>>25783457
Physical prices are not budging, regardless of what the paper market is doing. Premiums are going to explode when the 10-year treasury decouples from gold.

>>25791051
>If the decades long glut in wages is corrected and meaningful work returns to US workers long term there won't be unhappiness.
Imagine the *millions* of government workers becoming unemployed and their pensions wiped out. Congressmen, lobbyists, aides, and various other bureaucrats will be told to engage in the indignity (their opinion) of *work* in manufacturing and production to earn a living. There will be riots. I haven't even talked about the usual scapegoats of the welfare state. They will riot if such an idea is even suggested.

I think that will be the Minsky moment. When the whole world realizes that the 10-year treasury (the biggest of bubbles) can't buy anything when the Chinese Yuan is what factory workers in China are paid in (and thus your Yuan can actually buy you physical goods).

Locked in my next gold maple @ current spot for pickup in a few weeks. I’m giddy cause you never know if you just bought a falling knife, but I truly believe we don’t break $1800 resistance any time soon. It’s for the long term anyways so a few dollars is immaterial to me. I think I’ll wait a few days on the 50oz of silver, just to parce my bets a bit.

LCS said he ordered like 500 of these NTR 10ozt Ag bars and has already sold like 98% of them in under a month, which to him was absurdly quick... the rush is on!

>>25791277
It's ogre.

>>25791277
A guarantee at today's spot is much better than a chance at tomorrow's, you did the right thing.

>tfw Brit
>tfw no longer capable of importing VAT free silver from Estonia
>tfw importing silver is now very overpriced
>tfw bullion dealers sell 40% above the spot price everywhere
Brexit killed silver as an investment in the UK, if they touch gold now to garnish more taxes, the precious metals will be DONE on this retarded fucking island.
And now I get a message from my Bank that I won't be able to transfer any Crypto gains on my account anymore. (((They))) really don't want the pleb working class to skip right into the wealthy middle-class Landlord tier.

>>25791210
Sure there will be riots. Maybe even civil war. Still I think it makes for a better country.

>>25791087
OK. Since someone here seems intent on pumping Kinesis, I went ahead and wasted a few minutes of my life going through the tedious web site. It appears Kinesis is setting itself up similar to a bank with a payments system. It claims that it will never charge fees for storing PMs which suggests to me that it must make enough money elsewhere to pay for the storage fees.

There is a Kinesis Visa card from which they will make money so long as they don't lose their Visa license. They also hold cryptocurrency and sovereign currencies for their customers. Under normal circumstances, Kinesis would be able to fully fund the fees needed to store the PMs in a vault by paying less interest in deposits. In a zero interest rate environment, they'll make no money on deposits. In fact, they might even lose money on deposits.

This almost certainly means that PMs with Kinesis are not allocated to individual users. This is very different from BullionVault and GoldMoney. Kinesis' web site states that customers can store their PMs with the company and start earning a yield. This means that it is possible that Kinesis is lending out PMs to generate that yield. If the counterparty defaults, customers who put their PMs with Kinesis are likely screwed.

Anyone who is particularly paranoid about having PMs taken from them in a fraud should be well aware that Kinesis sounds like something to be avoided. The surest way of making sure one isn't defrauded is to take physical possession; allocated PMs in one's own name in a vault would be next safest; allocated storage with a trust with one's name as a partner (BullionVault, GoldMoney, etc.) in the trust would be next safest. Trusts such as the Sprott precious metals trusts would be the next safest.

Personally, I trust Kinesis less than the GLD ETF. At least the GLD ETF only does one thing. Kinesis offers multiple financial services and any one service blowing up could result in a negative impact on users of the other services.

im dumping my crypto into gold now. i have 2 gold oz and 75 silver oz. crypto is worth 6k atm. i'll jump back in after the exitscam.

platinum a good buy right now?

>>25791087
Try contacting the team. A ton of vague info on their site but they recommend getting in touch with them. If they respond with the same vagaries then it's totally a scam

>>25790637


>How can Kinesis charge storage fees to the token holders if it doesn't know who the token holders are?

If there was no cash in the user's account, Kinesis would presumably charge storage fees by selling the metal in the account, just like GoldMoney and BullionVault. If you don't have the vault fees on those platforms, they start liquidating however much metal is needed to pay for them.

>>25791087

Personally I use BullionVault, but I don't know why you think that Kinesis is obscure. BV pays for the vault fees by taking them directly from the users' accounts, but BV isn't a transaction service, it's a bidding platform. Kinesis is used as a currency, so it can pay for the vault fees by taking commissions from transactions.

https://www.youtube.com/watch?v=5Q9aYYluRA0

>>25791662
I loaded up on silver just before brexit. I will be focussing on gold for now but if you are planning on never selling its really down to how well you expect silver to perform in our lifetime. I can find brits for £26 per oz in the UK which is well over spot but still a good price compared to 50 years time.

>>25791875
meme.
It's price only fluctuates based on industrial demand and JPM's manipulation.

>>25791736

> It claims that it will never charge fees for storing PMs which suggests to me that it must make enough money elsewhere to pay for the storage fees.

As I say here, they make a commission on every transaction. 0.45%. The use-case of Kinesis is that it can be sent and received as a currency, as opposed to the use-case of BV, which is to serve as a bidding platform and a simple place to store your metal.

The metal in Kinesis is fully allocated, I don't know where you have the idea from that it isn't. Andrew Maguire fully backs Kinesis. Are you really going to say that you trust it less than GLD?

>>25792082
>>25791924

>>25791993
Buy or forever hold your peace. It's the most underpriced PM. Gold is slightly overpriced but physical premium fills the gap. Silver is fairly valued.

You want to hold these over 30 years, PMs aren't assets that you end up flipping for a buck unless you're a dealer and you make enough off the difference. They're physical proof your retirement.

>>25791993
Idk it was sold out for months at a time in 2020. I think it's got a cult following among people with deep pockets or something.
>>25791051
It sounds nice but unrealistic. Maybe I'm a pessimist but it doesnt even seem worth considering.

>>25784903
Really depends on your country. In Germany, you can get silver coins and coin bars without VAT from most online vendors (make sure it says differenzbesteuert)

>>25792276
>Idk it was sold out for months at a time in 2020
Dude, EVERYTHING was sold out in 2020.
Just because it's more scarce than gold doesn't mean it's more valuable.
Same with Palladium.

>>25791662
Does Ireland fall under the same VAT/precious metal tax laws as Britain? At 40% above spot it seems like traveling outside of the UK to buy might be worth it -_-

>>25792082
Yes, I am saying that I trust GLD more than Kinesis from what I have seen so far. But I am one of those people who does not believe the apocalyptic pronouncements of GATA and their ilk. As for Andrew Maguire, I am well aware of who he is and his endorsement does not give me any greater (or lesser) confidence in Kinesis.

After looking at it more, I do believe that Kinesis seeks to be a legitimate business. However, I also believe that the structure of the business puts customers at greater risk than they realize, especially those who store their PMs with Kinesis. I am unaware of any company that can legitimately pay interest on PMs without lending those PMs out.

>>25792464
The only part of 2020 where physical gold/silver was hard to get was in march during the massive dip, but there were stretches of time where platinum was just simply sold out. And when it restocked it sold out again.

>>25792565

Perhaps they would stop paying interest if your hypothetical situation came about where all transactions ceased for two years. But that circumstance would simply mean that the gold-backed cryptocurrency experiment was a failure, and the platform would presumably default to being something like BV or GM, simply a place for storage which does charge vault fees.

>>Yes, I am saying that I trust GLD more than Kinesis from what I have seen so far.

You should not trust GLD at all. It shouldn't be a question of trusting it more or less than something else. You ought to have 100% certainty that any unallocated ETF is a scam, and especially that one.

>>25791662
>>25791662
fug

I mean you can still order from estonia and hope that it doesn't get stuck in customs but desu better to just buy sovereigns

Can't wait to be out of here

>>25792749
>You should not trust GLD at all.
I have been in PMs since the 2000s and have done a fair amount of research into various ways of owning them. I have done my due diligence on GLD and felt that it was an adequate means of owning gold to protect my wealth. That said, I do not own GLD and own PMs through BullionVault and PHYS.

In a sense, Kinesis presents a negative image to me because of its cryptocurrency connections. From their inception, I have seen cryptocurrencies as nothing but a bunch of frauds and shills hyping their snake oil to make themselves rich at the expense of the ignorant. I'm fairly certain that will change someday but that someday has not yet arrived and likely will not arrive until the vast majority of cryptocurrency speculators are financially destroyed.

>>25792741
Yes, but do you ever notice how nobody ever talks about it here?
Platinum and Palladium are metals that people buy once they think they've completed there silver and gold stack.
And as far as Im concerned, there's no such thing as having TOO MUCH gold and silver.
/pmg/ would rather sooner talk about uranium stocks rather than platinum and palladium.

>>25790637
That's kind of like asking how stock brokers would stay in business if everyone stopped trading stocks and just held them. Its something that isnt going to ever happen. But kinesis has 1 prop vault and the other vaults I would assume have invested in kvt because otherwise the fees don't come out of anywhere.
But because the gold is allocated, if people stop trading, their exchange will get illiquid and mispriced creating an arbitrage opportunity for bots to exploit, creating volume. This is why they invested so much in their trading api

>>25793209
Nobody ever talks about Platinum Group Metals here because they tend to be correlated with Auto Sales and have a track record of performing badly in recessions. On top of all that, Platinum group metals usually aren't tax exempt like Gold and Silver are.

>>25791875
It depends on what you're looking to do. If you're looking to protect yourself against monetary chaos and thus less concerned with capital gains, you're better off buying gold. If, however, you are interested in which precious metal will give you the most capital gains, then I would opine that platinum is likely the best precious metal to own, followed by silver. Be forewarned, though, that the ride is going to be very bumpy (volatile) and if you can't handle big moves down, you're likely to get shaken out.

>>25792485
Are you suggesting smuggling? There's no cheap silver bullion in Ireland btw.

>>25793191

Bear in mind that GoldMoney itself used to be called BitGold. Peter Schiff himself has said that a gold-backed crypto would be the most superior form of money ever created. There is a world of difference between a fully allocated, deliverable, audited, gold-backed crypto and a fiat crypto. Any other company could do what Kinesis has done, and their tokens would be worth an equivalent amount. You can't exit scam with a true gold-backed crypto; it simply tracks the gold or silver price forever and ever. All Kinesis is trying to do is take the allocation idea of BV, etc. and make it into a payment system. I love the idea that anybody, anywhere in the world, can send as fractional an amount of gold or silver as they please, to anybody else, anywhere else in the world, even if neither of these people has a bank account, any day of the week, at any time. The only reason why I can't support BCH is because it is intrinsically worthless, just like BTC, but I love the principles behind it.

>>25793926
As soon as GoldMoney started taking off they got slapped down with anti-money laundering requirements.
(((They))) don't like competition.

>>25793926
Silver miner anon, are you familiar with Rio Silver in Peru? Their Ninobamba property looks interesting:

https://www.riosilverinc.com/wp-content/uploads/2020/03/2020-02-21-Ninobamba-Modelling-Memo9112.pdf

Please see Table 5 at the top of page 11. Potential up to 30m oz silver for a 5m market cap.

>>25786360
>>25786420
They are just paper thin

>>25793926
Schiff is a shill and really isn't worth listening to. Just a warning to anyone who might otherwise see Schiff as someone who is especially knowledgeable. The problems with a gold-backed cryptocurrency, as I see it, are two-fold.

Firstly, the cryptocurrency must be fully redeemable to prevent creation of tokens with no backing metal. I'm not sure what mechanism would have to exist to either extinguish the redeemed token or accept the token but pay out in specie not tied to any token. Secondly, there must be a method of recovery in the event of a lost private key.

The money transmission mechanism of cryptocurrencies is interesting but all of the systems I've seen involved highly energy inefficient mining which is driven by their distributed natures. A centralized system would eliminate the ineffiency and result in very fast transactions but centralization is not an attribute that is desired by cryptocurrency advocates. A truly viable distributed system is going to be violently opposed by governments and, if one becomes a reality, I suspect we will see governments behave in manners that make the terrible PATRIOT Act seem like the Bill of Rights.

A friend offered me a Canadian mint 1oz gold bar for $100 under spot, should I buy it?

>>25789431
Bumping this for anybody who missed it, fairly important

>>25786829
I see you prefer corroded zoomer rocks

>>25794593
In the case of Kinesis there are only ever 300k tokens in existence.

>>25794947
Yes.

>>25794335

No, but thank you for bringing it to my attention. Mcap is indeed very small. Appears to be one of those high-spec sub $5-million mcap explorecos like First Energy Metals, Black Tusk, TOE etc. which could either completely soar, or not really go anywhere. I'm continuing to bet heavily on Silver Spruce for now. One thing I will say is, 90 grams (or 3 ounces) per ton isn't particularly high-grade. That's even lower than Discovery Metals, which has 100 grams per ton. For comparison, Bayhorse and Nicola Mining's grades are over 20 ounces per ton, and on the highest end of the spectrum you have CCW with an absurd 250 ounces per ton.

>>25794947
No, horrible idea.

It's such a horrible idea you should give me their contact information so that I, a third and neutral party, can tell them just how horrible an idea this is. Wouldn't want to put your friendship in jeopardy after all.

A friend offered me 10oz gold bar for free plus a threesome with his hot twin sisters.
Should I accept it?

>>25789548
c u t e posting

>>25795343
You have to consider the counter party risk

>>25795218
>>25795343
Haha fuck off. Thing is, is it kind of risky to buy a gold without a receipt or paper trail verifying its origin from a reputable source? If he can't verify the origin I'm kind of hesitant. Or am I just being autistic here?

>>25794593

>A centralized system would eliminate the ineffiency and result in very fast transactions but centralization is not an attribute that is desired by cryptocurrency advocates.

I believe that gold-backed cryptocurrencies solve the centralization problem in a way that fiat cryptos never can. BTC was seen to be a failure, because the low block-size leads to second-layer solutions which track and trace everything you do. BCH saw the evil of this Blockstream scam, and forked to raise the memory-size; but BSV shows us the inevitable consequence of this, where one entity eventually controls the hash and thus the cryptocurrency. Every gold-backed crypto, however, is of equivalent value with every single other one. You don't need only one gold-backed crypto. Whether the gold which your token is backed by is in Switzerland, Singapore, or the UAE, or whether your company is called Kinesis or BitGold or whatever the case may be, you own gold or silver and that is that. So nobody can control the hash, because there isn't one crypto to control. At the same time, you have a reasonable amount of decentralization by having different cryptos with different vaults in different countries.

>>25791662
Asked before a couple days ago but no responses so I'll try again anyway. Does anyone know if there are highstreet stores in Guernsey that sell silver? They only have 5% VAT so for larger purchases it could be worth having a weekend holiday there and bringing some back.

>>25794947
Is it legit? post pics if you can

plenty of sites online that show what fake bars look like which are useful to compare with

>>25795461
Do you trust your friend or do you think you need to test it and make sure its real gold?

>>25795452
Products are sealed and mint condition

>>25795519
that post was made in the last thread but it was $50 below spot last time.
some kind of lame pasta?

>>25786829
I have the enterprise one... and of course scrooge because well, I was a child once too. However they are just 2 out of my 700. For my kid I bought 20 queens beast of his birth year.... yes, 20 for the tooth fairy.

>>25795534
I trust my friend, but what I want to know is how important is it to have accompanying paperwork for a gold piece that verifies it's origin. For if I want to sell or liquidate at some point

>>25795584
No, not pasta. My friend lowered it an extra $50. I think he really needs cash right now for some reason

>>25795584
I have been fooled.

>>25795080
Unless I am mistaken, that's not true. Kinesis has KAT tokens, KAU tokens, and KAG tokens. KAT tokens are limited to 300,000. KAU tokens each represent 1 gram of gold while KAG tokens each represent 1 troy ounce of silver. It seems like a very stupid idea to limit the number of KAU and KAG tokens to 300,000 as the notional amount of money would be too small if they ever had a lot of customers. 300,000 grams of gold is less than $19M at today's prices and 300,000 troy ounces of silver is less than $8M at today's prices.

The company seems unnecessarily complex and the web site does a very poor job of making information easily accessing to a more curious potential customers.

I came back to short gold again. How do you feel with it?

>>25795655
im not sure to be honest, id assume as long as they can tell its real gold you would at least get the gold value for it. I imagine all the paperwork would be better to have than not.
A seller here might know better than me.
Although you should ask im if he really needs money why he doesnt just sell the gold to an actual buyer?
or ask him about the paperwork issue?

>>25788555
whch baofeng do you recommend?

>>25788515
Independent water source.
remember, 3-3-3.
3 weeks without food you die
3 days without water you die
3 minutes without air you die.

3 minutes air... Can´t help you on that
3 days water. you cn pla ahead
3 weeks food... you need at least 3 months to achieve food independence, otherwise you are eating seeds and that is not sustainable.

>>25795162
Thank you once again for your analysis.

>>25795037
Are you saying that old coins are better or worse?

>>25788515
archery stuff would be my pick, kinda gay but sustainable

>>25796291
Coins that are more valuable are better than coins that are less valuable.

God I love shiny rocks

>>25796043
Depending on where you live there may be plenty of forage. And most people don’t know how to identify it.

>>25796043
UV5R is good. but you'll need to buy a decent antenna and is easier to program it with Chirp

>>25796625

People who think that mainstream stocks are an inflation-hedge need to look at the 70s and 80s. They went sideways in nominal terms as inflation was extremely high, so crashed in real terms. Meanwhile gold went 25x, silver went 36x, and mining stocks were going 100s or 1000s of x.

>>25796736
Nice radio yukari anon. Will there be a custom channel for PMG?

>>25796781
I need to look into mining stocks

>>25796885

If you don't know what you're doing, a good place to start is simply to buy the ETFs GDXJ and SILJ, which are indices of all the mid-tier producers. They don't have nearly as much leverage as the true junior mining stocks, but even SILJ should go 150x at $400 silver.

Good interview about China introducing a global gold backed currency system

https://www.youtube.com/watch?v=nLkj-qcqhE8&ab_channel=ArcadiaEconomics

>>25796860
good idea. pmg should establish comms on the Ham waves

>>25796781
Sorry to derail PMG-related conversation, but I’m curious what your take is on how the impending financial meltdown and last days of the dollar will unfold. Do you see all these rapidly-escalating strategies of societal and political tension and strange reports of covid mutations, mass arrests, blackouts, election investigation, backroom political deals, etc. as indicative that we’re literally days to weeks away from a crash occurring? It would seem so to me. As bond yields rise, it seems that more and more unbelievable news stories are being spewed at us. What are your thoughts?

>>25797054
this bull market started in 2015

>>25797054
>If you don't know what you're doing
Yes, this is correct
>buy the ETFs GDXJ and SILJ
I dont even know what that means HAHAHA
dont worry, ill look them up
thanks for the info
what ratio would you suggest for buying gold/silver vs gold/silver miners?
like say i was going to drop 40k
30k for g/s and 10k for miners?
im more interested in preserving than gaining

Peter schiff is going to dump on you fags this week.

>>25797445
If pms dip that just means a golden buying opportunity

>>25797445
Up like 10x from march with miners.
I'd like for Peter to let me do that again
Also, dubs.
CHECK EM

>>25797544
this is what im waiting for
hope it goes lower.

They are going to shoot Donald Trump's clone on live television.
Then after three days @realDonaldTrump will emerge and claim to be resurrected by God and that he is God incarnate here to rule the world for 1000 years from Jerusalem.
I believe the fake assassination will occur on January 17th and the fake resurrection will occur on January 20th.
January 20th is the first day of Aquarius.
Janus is the god of new beginnings.
The Rabbis will declare him messiah.
Trump is the antichrist, the man of sin, the son of perdition, the lawless one.
Don = 33
The name Donald means "world ruler"
The Donald
Corona Vires = The crowning of the great authrority
Q = 17
17th
Maga is the 5th degree of Satanism
https://www.youtube.com/watch?v=SopCV2H3pNY&feature=emb_logo
https://www.youtube.com/watch?v=FgOHMwbECAE
Jesus Christ is coming back soon

Gold will drop really hard this week and it won't reach $2000 again in 8-9 years.

>>25797347
They first need to suppress the yeild curve and remove the volatility from the market into other avenues which is social tensions. This is not the dollar racing to the bottom. This is every economy. The think to look out for now is CBDC. Will china successfully run around the dollar or no? If china is successful with their CBDC in mass adoption, but it does not surpass the dollar due to prior debt obligation in dollars, then you will have the FED rushing to get FEDNOW rolled out along side the EU's Coin. This will force the politicians to be bribed to have all those alt coins and coin apps to stop anyone from pulling out money as the starting liquidity for their coins. We have seen this scenario before were the Cryposphere is like the banks before the IRS & FED came into place and took their liquidity in a banking run that happened after the FED was created along side the Yield crazyness everyone was in for the buildup of the 08 crisis.
https://www.nakedcapitalism.com/2014/07/forgotten-financial-panic-1914-eternal-recurrence-short-term-thinking.html
TLDR: There are many key warning signs. You are on the right rack anon.
>>25797743
New fag. GTFO MY BOARD
>>25797868
Good, we can get more and everyone will lament once it shoots higher in 8-9 years.

>>25797445
standing by with 25% cash ready for the dip and have several normie stocks i can cash out of to raise more funding if necessary

>>25797868
>Gold will drop really hard this week and it won't reach $2000 again in 8-9 years.
probably not honestly. we will probably resume our slow climb upwards as we have been

>>25791662
If you're buying hundreds of ounces of Silver at a time, it may be worth flying to someplace without a VAT, the cost of travel would work out to less than what you'd pay in tax in VAT. Although getting it back into the UK might be a hassle.

>>25797347

What we know, with absolute certainty, is that the system will crash soon if they don't get this yield curve under control. Which they can only do with trillions more in Q. E. Will they let the market crash first, and use that as the pretext for Q. E., or simply go straight to yield-curve control? That's the question. If there is a market crash, the lying pretext for it will itself be, as you say, the civil unrest which is going on right now, along with the second-wave hoax; just as the novel coronavirus served that function in February 2020. The late 2018 crash was when the authorities had absolutely no excuse at all, and simply exposed themselves as caught in an inextricable debt-trap.

>>25797404

I hold the vast majority of my wealth in junior silver mining stocks, because I am 100% convinced of the silver investment thesis, and am willing to risk losing almost all my money. How conservative or otherwise you are depends on your own convictions and tolerance to risk. I do think that everybody should have at least a 10-25% bullion position, simply because bullion can never go to zero; so you will preserve your wealth even if the entire world comes to look like a Fallout game, and every mining stock you own goes to zero.

>>25792464
I bought an ounce of rhodium for 1200 (300 over spot) 4 or so years ago. It's outperformed all my other pms, and most of my miners. I'm buying more pt than gold and more silver than both these days, but mostly junior miners over physical. Sometimes scarcity is a good buy, then you wait for demand.

>>25798122
>simply because bullion can never go to zero; so you will preserve your wealth even if the entire world comes to look like a Fallout game, and every mining stock you own goes to zero.
guess it depends on how bad you think the crash will be or how soon you think it will be
Im a pessimist so i think ill worry bout buying bullion for now and stocks afterword.

>>25796885
>>25797404
If you want to begin learning about mining stonks and the industry, look at the pastebin in the bottom of the OP message. When investing in juniors you should understand the things that the company does and what results are good and all that jazz. It takes time but is necessary for making informed investments. If you don't want to do that then just buy majors like Barrick or Newmont or the like. Or you can always just do the /smg/ thing and buy what people tell you to -- and risk your financial future on anonymous people

>>25798122
Absolutely based. A diversified portfolio is a great investment strategy for 80 year old grandmothers so they can pay the bills, I'm all in miners and physical with some cash to buy one more big dip.

>>25798354
>If you want to begin learning about mining stonks and the industry, look at the pastebin in the bottom of the OP message
will do, thanks

>>25798122
>>25798325
I would ask you guys to look at this video so you can see what some financial analysis see's this as 6 months ago to then translate how we are seeing it now.
https://youtu.be/Gb6OtuW8DVI

>>25798424
Be sure to ask questions if you feel like you don't understand something, anons and Pan Man will be glad to help as always. I for one will always be happier to help people to learn than to tell them what stocks to buy

>>25786809
I've actually sunk most of my metals into a tank hooked up to a pressure washer that runs 24/7- my water bill is egregious but I've managed to turn most of my 1000 toz into a fine powder that floats in the cistern. No one will ever find it.

>>25788199
Why don't you buy physical? There's a lot of coin stores in Brazil

>>25784890
I hate his face with every fiber of my being

>>25798441
will watch, ty
>>25798459
yea everyone here has been really helpful.
I appreciate it.
> I for one will always be happier to help people to learn than to tell them what stocks to buy
Teach a man how to fish

>>25798708
>Teach a man how to fish
I love that expression!

>>25798697
He reminds me of a mushroom

>>25798441

David Brady, Mike Maloney etc. were saying the same thing about stagflation at the time. It is already coming to pass; you can see it in the inflation of zinc, copper, lumber, food prices (see my picture), and in the shipping container crisis. We had stagflation in the 70s and 80s also. It can only get worse from here. The lockdowns and restrictions will continue to infringe business and trade, Q. E. will ensure that mal-investment never heals, and inflation will continue to make all the basic things of life, which people need most, increasingly expensive.

>>25783457
Why is buying pieces of metal so hard. WHat do I get for a guy who still has a 9-5 50k a year about, for gold or silver? Bars? Coins? Which coins/mints? 1/4, ½, or full 1 oz? What is a good amount of weight, or number I should shoot for to save and store away?, or just keep continually stacking until everything crashes? plz respon

>>25791875
I bought an ms69 1/10 plat eagle over the summer for 135$- they are selling for between 180-250 now so maybe buy some small stuff

Buy bitcoin you dumb boomers, then you can buy so many shiny rocks with the gains from bitcoin.

>>25795497
There's gotta be at least one coin store in Guernsey otherwise their coins wouldn't be so expensive

Does anyone feel like the premiums for ASE are worth it? I might get that or some Asahi/Sunshine Mint

>>25798871
sorry I'm not a lunatic it's $38k

>>25798871
Nah. Think I'll buy a few E-Tokens once it crashes and I sell some mooning miners off though.

>>25798833
Go for oz, and stack up from there. If you are a poor fag and have a ton of debts. Pay them off asap. Have at least 100 oz of silver before thinking about buying a house to pay that off. Also, have them on you while getting the cheapest premium you can. If you can get some junk silver at an lcs. Do it as well.
From there, get your debt down to near 0 so you can have the free cash flow to save more in PM. PM and the concepts around it is a way of thinking instead of having. It is not the metal that is important, but what happens when you understand the context of the metal.
>>25798792
Yeah, the cover the stagflation trade in there.
>>25798990
For you to have those premium back yes, but for pure weight content. Go for weeb rounds and low premium depending upon how much currency you have after all expenses.

>>25798792
Also, I never heard about the shipping container crisis. Thanks for that info anon.
https://www.bloomberg.com/news/articles/2020-12-22/bottlenecks-rattle-world-economy-backbone-of-container-shipping

>>25798833
Aim for 100 ounces of silver, in pure and junk form, quarter, half and full ounces, whatever you can get your hands on.

Dont bother with gold, your already too late for this party.

>>25799172
>Dont bother with gold, your already too late for this party.
will gold not go up?

>>25799261
It will but silver will go up more and if that anon is starting from scratch thats his best option.

>>25799261
Seems like it is, but I can’t tell if this is a JPM penis takeout or a rocket ship to $1900... pickrel

>>25798833
>bars or coins? which coins/mints?
doesn't matter really
>what weight?
For silver, no smaller than 1oz, for gold, no smaller than 1/4oz -- any smaller and you'll be jewed by premiums
>good amount?
I would say that depends on you mostly. What are you comfortable with? What percentage of your net worth do you want to be used for hedging against hyper-inflation?

Also disregard what this guy >>25799172 is saying about gold

>>25799172

Gold will rise, only nowhere near as much as silver. Dow:Gold ratio is 16:1 and it will return to 1:1 or even overshoot 2:1. House:Gold ratio is something like 150-200 ounces to buy a normal house; but during the Weimar hyperinflation, 5 ounces could purchase a six-bedroom house in a fashionable part of Berlin. So we still have a long way to go. At least 10x for gold and 30x for silver sounds about right to me.

>>25799372
>pickrel

Oops forget the pic

>>25798122
If you believe that there are sinister “powers that be,” and that elections, politics, and major events are rigged or are psyops, then it would make sense to actually allow Trump to win re-election, because the good things he espouses (and claims he believes in), such as nationalism, infrastructure development, and middle class-promoting policies would forever be tainted if the economic collapse happens on his watch. That is to say, if Trump is blamed for the financial meltdown, then the beneficial ideas he associates himself with will also be discredited and cast aside. This could pave the way for the end of the American empire and dollar as world reserve currency, as well as lead to death of the the US’ founding and guiding principles. Maybe I’m being over-the-top, though.

>>25798634
idk, I live in sp city, do you recommend some safe shop?

cant decide if I should buy on the open or not

>>25799172

Gold will rise, only nowhere near as much as silver. Dow:Gold ratio is 16:1 and it will return to 1:1 or even overshoot 1:2. House:Gold ratio is something like 150-200 ounces to buy a normal house; but during the Weimar hyperinflation, 5 ounces could purchase a six-bedroom house in a fashionable part of Berlin. 100 ounces bought a handsome mansion in Renaissance Florence. So we still have a long way to go. At least 10x for gold and 30x for silver sounds about right to me.

>>25793557
>>25798845
>>25792276
thanks for insight guys. i'll just buy a small piece just to have.

>>25799366
>>25799372
thanks, ill focus on silver first but i think im still going to want some gold eventually

>>25791662
What if you went on a trip to other country and bought gold there? You could pretend it's your on border control (if those are in place I mean).

>>25799494
>cant decide if I should buy on the open or not
They will push lower the rumor is that the selloff is in preparation for the 10yr treasury auction on Tuesday so I expect more action tomorrow and general (((JPM)))'ing when markets are open in America tomorrow

>>25799595
silver for the potential gains, gold to preserve wealth

>>25799713
lol which is better in a global great depression?

>>25798871
Running out of fools to buy your bags already? Seems like ponzi scheme is saturated finally.

>>25799828
Not that anon but I would say gold since that is viewed as the classic safe haven inflation hedge

>>25799486

I agree; if Trump is a puppet, it would seemingly be better for the oligarchs to keep him in office, so that the collapse of the U. S. took place under an alleged capitalist, rather than a socialist government. The Insurrection Hoax is now being used as a pretext for Big Tech to censor all thought-criminals; so if Trump _is_ a puppet, that would seem to be what was gained by having him lose. When Trump abandoned the patriots at the Capitol, I lost a large part of the last bit of faith which I still had in him. But I will continue to hope against hope that he isn't a traitor, and has some manner of secret plan. Ultimately, it seems impossible to know what is going on. Only thing we can do is prepare ourselves for the collapse, which is inevitable, regardless of who is in power.

>>25783457
>it’s already going back up
Pack it up guys, cheapies are over

>>25799846
Those tubes and weiners are great. Especially the 2021 gold britannia.

>>25799917
Thanks, I'll have more new things next week most likely if there are no delays in delivery.

>>25797054
Thoughts on the JNUG at the 120 it is now? Seem like a good buy imo, going to grab at least some tomorrow and hold, cash out into individual miners if we see a spike

>>25800033
I prefer buying junior miners themselves. It should be bigger return in the long run, but also more risky of course.

is there any real difference between a 100oz generic silver bar vs others? like 100oz RCM or Pamp?
feels like the difference between Name brand Corn Flakes and Store brand Corn like flakes
is that about right?

>>25800033

I always say never to buy JNUG or any leveraged ETF. If you bought JNUG in Feb., you're still down 90% since March, and you will never get you money back. If you bought junior mining stocks in Feb., you _were_ down 90% in March, but now you're up 10x in many cases. JNUG is for gamblers who don't know anything about mining stocks. If you know that silver is going to $100 or more, and that that will make juniors go 100x, why gamble?

I wanna spice up my stack. Should I get a St. Gaudens Double Eagle or are they not worth it?

>>25800389
It kinda is, but if you still believe the system will be there when you want to sell it. You can get a bit more in premiums. 100oz is where it gets iffy for buyers.

>>25800033

I always say never to buy JNUG, or any leveraged mining ETF. If you bought JNUG in Feb., you're still down 90% since March, and you will never get your money back. If you bought junior mining stocks in Feb., you _were_ down 90% in March, but now you're up 10x in many cases. JNUG is for gamblers who don't know anything about mining stocks. If you know that silver is going to $100 or more, and that that will make juniors go 100x, why gamble?

I have more gold than the government of Canada.

>>25800437
CUNKY BARS AND OZ!
That will spice up your stack, but why not more junk silver?

>>25800437
Nice stack anon! What's the old-looking book by the way?

>>25800488
I have gold spray paint too buddy

>>25800488
Damn still love those honest slabs of gold

>>25800389
>feels like the difference between Name brand Corn Flakes and Store brand Corn like flakes

Silver is silver, unless its Chinese silver

>>25800488
That is an infinite number compared to the government of canada. You are infinitely rich compared to an entire goverment

>>25800532
Does it look spray painted? It isn't.

>>25800438
>>25800552
thanks
generic it is

>>25800643
Understanding ebays price suppression of german silver is the final redpill.

>>25800497
I like .999 silver

>>25800739
why would ebay suppress german silver?

>>25800739
kek

>>25800499
A bible I received when I was 5 years old in my native country.

>>25800766
I would say that ST.Gauden is better if you like the .999 over junk and will take the hit on premiums. However, junk is better for fractional wise with less premiums that comes with fractional silver.

>>25800488
man that stack is fantastic.

>>25800786
Like I said it’s the final redpill

>>25800838
Based. Remember, what is this silver good for? When things go down, will you help another believer or non believer so you can store silver into heaven? This is temporary wealth compared to the wealth you can have for all eternity anon. This is not to condemn you. I am very proud of you, but you will have to ask this question to yourself.

>>25800437
Damn that's beautiful. Something about seeing precious metals fills me with a deep primal feeling of greed.

>>25800910
damn (((ebay)))

>>25800910
aren't the coins above spot?

>>25800271
>>25800471
Good point, I guess I've just picked a few shitters and was hoping these guys might be alright. Thanks for the input, will probably just stick to 3 gold juniors im already into and 2 silver ones, going to get more into silver though I think since I'm currently about 50/50 for my juniors, would rather be 25/75, and then about 20% of my overall portfolio in Kirkland lake so a little more security. I'm prepared to hold for as long as it takes so I really shouldn't be too concerned about short term performance, but hard not to sometimes.

>>25783457
Fuck me, bought 1 oz of gold and 61 ounces of silver eagles and 1 2015 panda 2 hours before the markets were going to open thinking it was going to go up. Buy high and sell low plagues me

>>25801077
You are not wrong for doing so anon. It is all about knowing about it and fixing it. You can never get the absolute bottom. Especially in a rigged market like silver with the entire world against you. It is about knowing you are being emotion based, and use your logical mind.

>>25801075

If you bought a mining stock within the last seven months and it's going down, don't worry about it. All this is temporary dislocation. Miners were almost never so undervalued in history. They ought to be double or triple what they are on the basis of fundamentals, even if metals don't go a dollar higher. Dividend-paying producers are trading at absurdly low P. E. ratios like 8, or 2x or 3x or 4x cash flow.

>>25800471
I actually have a strategy question for you. Is the idea with mining stocks to continually take profits from miners that have “mooned” and put them into small-caps that still haven’t pumped yet? So you would move gains from, say, Klondike to Bayhorse, and then once Bayhorse multiples in value, move to a Starcore or Colibri Resources, and so on, continuing to invest in undervalued stocks for the life of the bull run? Or would you just recommend simply buying and holding long term?

>>25799862

hope you're ready to buy more on monday

>>25800488
>BTFO’ing the entire Canadian government with my 1/10th eagle
Feels good

>>25801219

>I actually have a strategy question for you. Is the idea with mining stocks to continually take profits from miners that have “mooned” and put them into small-caps that still haven’t pumped yet? So you would move gains from, say, Klondike to Bayhorse, and then once Bayhorse multiples in value, move to a Starcore or Colibri Resources, and so on, continuing to invest in undervalued stocks for the life of the bull run?

I like to do this simply because it amuses me, but it isn't necessary to do so. I did sell half my Klondike and put it into BHS and SSE, as I said in some earlier threads, but if silver is going where we think it is going then somebody could simply buy a portfolio of the right mining stocks, do nothing with it, and make hundreds of x returns.

>>25801219
you have a mix of sure bets - usually larger producers - and you also have some speculative moonshot plays. just because a miner has "mooned" doesnt mean it still wont make more gains. if you've got a good trade going, its up to you to determine when is the right time to cash out. as a trader, its never wrong to pull profits, but make sure you zoom out on the bigger picture and dont sell too soon

>>25799487
Is one - https://www.comproouro.com/ there are quite a few respectable shops- maybe spend a day or two to visit them and see for yourself - though I do order quite a bit from Brasil. https://seloscedulasmoedas.blogspot.com/?m=1 this is another shop that is ok to deal with, but again I encourage visiting in person because sometimes you get along better with other owners maybe you get better prices or special deals sometimes.

>>25801144
With the banks saying 50 dollar an oz silver im not worried, and will probably hold it for a few years, im just glad to hold some gold finally, ill be at 261 oz of silver and 1 oz of gold at 21, 22 in 13 days, does anyone have that pleb to dragon stacker meme?

It seems that the dollar is holding up, we might see some gold/silver discounts soon.

>>25801077
>Buy high and sell low plagues me

I dont get why anons get all pissy about this on here, we all have an idea of where metals are going in the next few years, what does it matter if you pay 20, 25, 30 or 35 for an ounce of silver?

Where its going you just want to have it instead of worrying about whether you could have bought it at a few euros/dollars cheaper.

>>25801496
>what does it matter if you pay 20, 25, 30 or 35 for an ounce of silver?
Fucking this. Any price now is low, we’re here for the long haul

Peter schiff dumping his bags on you faggots again.

im looking at two different silver coin monster boxes and noticing two differences
How important is it to have a mintmark on the coin?
I figure having it on the coin is much better than on the box/serial number but how much better? Why?
and why does being from SanFran Mint matter?
only around a 100$ cost difference but curious why none-the-less
thanks in advance

>>25801352
Why drop Klondike? Did something happen? I was actually planning buying more of it since price dropped by 30% on Friday

>>25801543
Sigh it’s all so fucking exhausting

>>25800935
I’m wearing this bad boy in heaven

>>25801474
nice
with a 10k buying limit i might be able to squeeze in an extra oz here or there if it goes down enough.

There is literally 0 macro reason for precious metals to be going down

>>25801207
Thanks, what's the opinion on risking it with nonproducing mines with say a 5-10m or 10-30m market cap, but a few promising looking projects with nice drilling results? Get em for cheap before they produce, or better to stick with something proven?

>>25801565
Just numismatic shit honestly- all coins issued by mints have some sort of privvy mark, but does it matter from a bullion standpoint, not really.

Anyone doing anything with copper?

>>25795467
How do I know there is actually gold backing my token? Seems to have the same problem as gold backed dollar bills. The gold isn't really there. I still think we should just have hard money. If you have too much silver to store, exchange for gold. If you have too much gold, exchange for real estate. Fuck all these banks and fuck tech.

>>25801743
Peter schiff dumping.

>>25801813
oh ok. thanks anon.

>>25801813
Weed money

>>25801256
I think we’ll just crab at $25 for a few more months

>>25801603

When KS got to a $75 million mcap I couldn't believe my eyes. Even $40 million is overvalued, relative to other silver microcaps. The management has announced nothing, done nothing--no drilling, no news on the mill, production, they are a complete ghost. Their only sign of life was recently to dump an enormous quantity of shares on the market. At $10 million KS was an utter bargain, which is why I put 10% of my portfolio into it, but right now it is nothing special. It will rise only the basis of Twitter pumpers. I know that this is a gold stock, but compare it with e. g. Genesis Metals; 275 square km of land in Quebec, excellent management team, Sprott involved, 700,000 gold ounce resource, 3 million in cash, 13.03 g/t gold recently drilled over 10.74 metres, more assays pending, drilling continues next year. Mcap $12 million. Given that management is still a ghost, is KS really worth 4x more than GIS?

>>25801799

Producers are worth buying if they are trading at absurdly low valuations relative to cash flow. e. g. Bayhorse, if they actually start producing, is less than 1x; Vangold, when it gets unhalted, will be 1x (which is why it will immediately soar); Starcore is 2.5x; Great Panther is 4x. A normal cash flow valuation for a good mining stock is 10x, and they often get to 30x in PM bull markets (e. g. Starcore did so before). So you can see the enormous potential there as PMs go up. Otherwise, explorers give the most leverage to the price of metals. I think that anything below $150 million can be considered a true junior with enormous leverage, so long as the resources or potential of the stock is excellent relative to the mcap. Something could have a $5 million mcap, but nothing in the ground worth speaking of.

I got the next bread

>>25801967
nah we'll just continue the slow climb upward like we were before

>>25801819

The vaults which GoldMoney, BullionVault etc. work with provide regular audits. You can even register a bar and go and see your gold or silver bar in person, and it will have the brand and serial number on it to prove its authenticity. The "If you don't hold it, you don't own it" meme is probably a banker plot to keep gold down. So long as people keep thinking that gold can't be digitalized and used as a payment system to buy a cup of coffee with, which is what Bitcoin is falsely believed to be, but isn't, they will continue to believe that gold is archaic and useless. Andrew Maguire, Peter Schiff, Neil McCoy Ward, Mike Maloney, Paul Tustain, Alasdair Macleod, and many others, all believe in the principle of allocation.

When peter schiff takes a huge dump on your head do you fags get depressed? Have you seen the life of luxury he When peter schiff takes a huge dump on your head do you fags get depressed? Have you seen the life of luxury he leads?


https://youtu.be/GAtv5lrUUC0

>>25802068
I'm always happy when metals go down, it gives me more time to buy

>>25801981
Good points, thank you. I must clean up my portfolio this month it seems.

>>25801496
Og guy, just trying to get as much as low as I can, to stack higher, I just like my cheapies but this time i bought fancy stuff.

>>25801256
>silver spot price is lower than before but is now up 2%

what fuckery is this

>>25801831
What do you mean by this?

>>25799677
checked and discount pilled. After seeing the -1% pre-market, theres no way i'm buying on the open

>>25801981
Thanks for the pointers, it's a huge help

>>25798752
how old are you

Even if we buy all the physical metal available these pigs will still manipulate the price. When is it enough? We need to get organized and protest or something outside their building

You know we're shorting the u.s. economy?

>>25802517
Let them. We will be the banks now.
"Now I say this every week and I mean it. Love each other, care about each other, be charitable, and have a good weekend."

>>25783457
I found 11 cents at the park today.

>>25802542
That is the point. We are shorting the entire world and financial economy.

>>25802555
checked

>>25802542
No, we're shorting its currency. US economy has been disconnected from its currency for a long time.

>>25802542

>>25802542
>You know we're shorting the u.s. economy?

no we're not. stocks are going much higher; so is gold/silver

>>25802555
I am glad you said that, it's just very frustrating being in our position because we understand what is happening and nobody cares. Thanks Pan Man

>>25802517
Ive heard both Russia and China have 100k+ tons of gold each, those who own the gold will determine the price in the future, both of them are just waiting for America to have its fall of the USSR moment and will then be taking over and revaluing Gold/Silver much higher as they will be going to a gold backed currency.

>>25802702
I am not pan man, but I am flattered that you think I am as smart as panman.

>>25802517

>Even if we buy all the physical metal available these pigs will still manipulate the price.

They can't. What will happen to PMs is outside of America's hands now. All China and Russia have to do now is announce the issuing of gold-backed currencies. Run on the COMEX then happens overnight, dollar and Bitcoin immediately collapse. They are simply waiting for exactly the right moment to stick the knife in.

Can you still find silver coins in rolls of half dollars?

>>25802856
Not likely anymore

>>25802856
Yes, but very very rare. Gl if you want to do it.

>>25802825

>They are simply waiting for exactly the right moment to stick the knife in.

By the way, the reason why they haven't done so already is because their debtors have to pay them in USD, not gold. It benefits China, etc. to keep hoarding suppressed commodities with USD before they unceremoniously dump the USD.

>>25802911
Loot the entire nation and world before finishing the job. The Chinese agenda to turn the world into their own century of humiliation. Baking bread now

New bread

>>25803021
>>25803021
>>25803021

Peter schiff is going to shit on your heads all year.

>>25788515
Antibiotics, sanitation

>>25784903
Literally get on a plane to the U.S, come over for 3 weeks living with a bit of travel, go to church, and just buy gold here.

>>25803187
>go to church
oh fuck off. Don't shill religion as a response to a biz question