/biz/ - Business & Finance

First for fuck fractional reserve banking

First for Cheapies!

Third for gold and silver manipulation is proven

https://www.youtube.com/watch?v=n665orfBOqM
https://www.youtube.com/watch?v=KyAopYlD32k
https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1185&context=yjreg
https://en.wikipedia.org/wiki/London_Gold_Pool
https://www.youtube.com/watch?v=GuqZfaj34nc

I NEED MORE TIME

Interesting to see what the narratives at the time were when they removed Silver from the money.

apparently I'm an apmexican, jesus christ

>>26140758
You got 4 more years

>>26140758
You had 5,000 years

>>26140824
This is interesting, thanks for posting

>>26140940
>Bucks of Cu ID
INVEST IN COPPER

watching comfy mine vids while having dinner
https://www.youtube.com/watch?v=5KdHtYS_o6A

>>26140824
>worldwide silver deficit
>a shitton just sits in vaults not doing anything
Why didn't they just buy the silver they needed on the free market? Hmmmmmmmm.

heres a few shots i got in an email yesterday, VMS from a buddies prospect in Northern Ontario.

more VMS material

Damn that 0.7% inflation. If only we could just get it up to 2%.

>>26140824
>in the eraly days silver was necessary because the coin of the value was determined by how valuable the coin was, but now it's determined by how valuable we say it is, so silver is no longer necessary

>>26141301
>Why didn't they just buy the silver they needed on the free market?
The demand for Silver from industry and lack of mine output drove the price up to the point where it was worth more than the coins they were minting.
They already had more dollars in circulation than they had Gold and Silver to back them with, they needed to make cuts where they could to keep the system going for just a little bit longer and this presented them with the perfect opportunity.

heres some Ore Porn too from the Engineer Mine near Atlin BC.

my 2021 goal is to bring my overall stack to: 10 oz gold, 100 oz silver.

right now i am sitting at 2 oz gold, 40 oz silver.

>>26141684
Cool chunk! Let's see there's vg in the midle, hosted in quartz it seems. Is that metallic stuff on the left sphalerite?

>>26141712
And this looks like an outcropping quartz vein in gossan to my untrained eyes

>>26142067
Why such a high GSR? Playing it safe?

>>26142068
its mostly pyrite, free mill gold and I think sphalerite / galena as well. Over an Ounce a tonne at surface. was mined by hand by some old boys living out of a bus back in the 60s, just blasting and mucking down a shaft following the vein.

>>26142100
yep its the newly exposed vein from digging by hand. Buddy did a lot of slab saw work out there this summer when he could get flights by float plane into the area. Hes going to bring in a winky drill and sink some core there next summer too.

>>26142144
>>26142177
Damn can't believe I got those guesses right, pays off to watch prospecting videos every now and then. I hope your friend drills a bunch of gold next summer, 1oz/t grades near surface in outcrop will be easy to sell to a company for good money no doubt

>>26142302
somewhere on the property is noted to have generated a 31ozpt surface sample, but typical old notes dont really say properly "Where" it was. Its a pretty big claim too, so hes got a lot of work to do.

>>26142383
Any chance of the gold continuing to depth? It's a VMS style deposit so you'd think there is a lot of mineralization

>>26142465
who knows, its never been drilled before, or if it has the logs were never sent to the government. Theres outcrops everywhere on the property. He bought the cells from the government too so its not like hes deep in the hole on the site, the only expensive part is helicoper / float plane costs. Its not an easy place to get to.

Has anyone ever tried looking for surface Gold on continental shelves?

What have y'all got lately. Got a roll of silver and a new gold chain last week. Gonna go buy some more gold or silver tomorrow, not sure which, maybe a roll of away I rounds.

>>26142959
People have looked everywhere for gold.

>>26143067
Picked up some junk silver dollars, looking to buy only gold in the near future as my GSR is like 1:850 lol

>>26142959
you mean where the continent drops off down to the deep sea plates? not much there i am afraid, but there is gold and silver at black smokers where the plates subduct and split apart. However, no ones ever made money at actually mining any of it.

Make sure you anons read this and listen to the accompanying audio.
https://www.macrovoices.com/guest-content/list-guest-publications/3792-jeff-snider-macrovoices-07-30-2020/file
https://www.macrovoices.com/873-macrovoices-230-summer-special-deep-dive-into-u-s-dollar-with-jeff-snider

>>26143225
1:850 isn't even that strange. Some guy on here said he was aiming for 1:1000 just because he thought silver had so much potential.

>>26143405
>tfw 1:15

>IPT at 0.89
I'm so fucking jealous holy shit, I already positionned myself in IPT so its too late but people getting this shit so cheap is unfair

>>26143572
You can say that about a lot of mining stocks.
t. Dolly Varden bagholder

>>26143623
Just received notice from family member that I may get back 5k in the next few days. Guess I will do get some IPT cheapies.

>>26143623
most of the northern BC juniors are going to crab and probably not do anything until spring, these are hurry up and wait projects.

>>26143623
Wasn't too interested in DV earlier but now it's at a pretty attractive price. Though I've other shares I'm more interested in buying tbqh

One more chunk of Ore Porn before I pass out, another piece from the Engineer Mine near Atlin BC.

>>26143572
>>26143623

Thankfully, I have other stocks which are doing well so that I can add to undervalued positions. I dumped most of the rest of my Klondike to buy DV.

>>26144338

(Most of my Klondike has gone into BHS.)

Also, I love ELO but it has been going parabolic lately, so I dumped most of it to invest more in IPT.

>>26144411
I dont get why people do that. It's extremely risky to go in and out of a stock. Especially when its justified to go parabolic. That shit only has 50M shares, it can double in a day and still not be overvalued. Oh well, each their own choice I guess.

>>26144459

>Especially when its justified to go parabolic.

There is no news release which is making it go parabolic, simply a case of Crescat and GV pumping it and people coming in late after realising what I did in June before it went 6x. I still have more money in the stock than what I put into it.

>it can double in a day and still not be overvalued

Almost every mining stock is undervalued right now. ELO now nearly has the same mcap as IPT even though IPT is already a producer and probably has a billion-ounce deposit as well. ELO could double if the results are good, yes, just as it can also crash. I have no need to gamble.

>>26144459

And as for KS, the management are clearly predators. They have done nothing but exercise their options and dump their shares on retail investors. They literally own no shares. I have taken my 6x on KS and I am far more likely to make another 6x by investing in the ultra-undervalued sub-1x-cash flow BHS than keep my money in a company like that and hope that it will reach a $200 million mcap.

>>26144525
People are anticipating what ELO will do, it nevere go up after a news, that's too late. You think IPT is valued at 130 MC because its a producer ? Elo has gone up because QH did a recent interview where he was extremely bullish and mentionned how there is a very good chance for 1 billion silver to be there. GV pump alone don't justify that kind of parabolic move. It can on KS since it was so small, kind of a pump and dump indeed, not ELO.

>>26144594
Another example would be LIO. Its fucking 250 MC. Their proven resources are so small that 250 would be harder to justify than KS. People go in anticipating those delicious 40M gold oz. GV is doing the same thing, chasing stocks after a news, that's why he is inferior to based small caps anon who mentionned vangold 6 month before him.

>>26144600

I know that ELO has potentially a billion ounces; I have been bringing that fact up on /pmg/ since the first half of 2020. Nevertheless it is a hypothetical, not a certainty. IPT is quite as likely to have a billion ounces given the size and history of Zacualpan. And as I say, IPT is both a producer and is consolidating/going down, whereas ELO seems parabolic to me.

>>26142138
yea basically. ultimate goal would be at least 50 oz in gold.

>>26143572
>>26143834
Nice try shills

It seems the Fed hasn't monetized the government debts enough. We see new stimulus news every week but the Fed hasn't increased the QE. Chances are we will get a stock market crash after all. If so, miners will tank even more.

posted this a couple pmg's ago and someone asked me for sauce. i just happened to find it on plebbit last year and saved it. there is no hard source, but keep in mind, $1 usd is the average wage in venezuela. not per hour or per day, but per MONTH.

>>26143572
Go to gold ventures. Org and watch the trend analysis. Impact will go to four dollars this year.

>>26145006
Don't see where he mention that, mind spoonfeeding ?

>>26144980
Yeah it was me asking for sauce, I'm very skeptical around a lot of the claims surrounding venezuela because they are often made by armchair economists with access to google. The inflation is so bad that normal concepts don't always apply, and the stats can rapidly become outdated, so just googling a price of silver and a price of a house may not reflect reality, especially when "buying a house" in the absolute shithole of Venezuela isn't probably seen as the same positive idea as the opportunity to buy a house in America. Just trying to be cautious because while I'd love an ounce of silver to have the purchasing power of $3000 today, it ain't happening chief.

>>26144948
It'll go down initially but then go right back up as metals prices go up. Another thing to consider is that when covid came all of the panic selling happened, that took out some of the weak hands and added stronger supports. I was reading an analysis the other day that said because all of the covid panic took place, all of these strong are much better positioned.

>>26145053
It's in the Patrick Karim chart analysis video that is posted. Chart analysis uses volume defined supports and bases within a general trend to predict where a stock will go. I don't know a ton about it and I'm trying to learn it, but there is some solid mathematics and science behind it.

>>26145127
Oh you're talking about badcharts analysis. I don't know, I honestly never truly trust those things. Its good to time a good entry but not really where it goes.

>>26145053
Basically impact will go to four dollars in the next upswing as long as it maintains breakout above the 1 and three year moving averages.

>>26144980
>$1 usd is the average monthly wage in venezuela.
You couldn't even buy a Silver 1/4 Bolivar with that. If we hit Venezuela levels of hyperinflation, our merc dimes will buy a lot more than just bjs.

>>26145145
I know what you're saying. I don't know enough about it but when I watch the videos and stuff happens exactly as predicted it's definitely spooky. Also a lot of the times things will line up just right how they're supposed to, almost like magic. However all of the trends and behaviors that I Do understand like volume defined supports and resistances, bull flag pill back, moving averages, parabolic behavior ALL make sense to me since I can actually under stand them.

>>26144948
The case for gold/silver is basically that there is no out the Fed can take that doesn't boost their price to a more honest value. The head fake about interest rates in 2009 can't work again.
The only difference is if we get slammed with a deflationary wave first before extreme measures are taken to "force inflation" or not. If we do, that will be the second in a year opportunity to load up on physical metals and miners.

>>26145145
Also a four dollar impact silver is completely reasonable in my eyes....

>>26144660

As I say, I still have more money in ELO than what I invested in the first place, so if it does turn out to be a 1 bn ounce deposit and go 10x from here, I'm not going to miss anything. Everybody should have a position in ELO, and I haven't lost mine. I simply get the impression that the price might be going up now simply because the masses are realising what I was already telling /pmg/ in June. I actually still preferred ELO to DV on 14 Nov. (see picture); DV is now down 25% and ELO is up 40%.

By the way, to substantiate what I say about IPT, this is from Bob Moriarty:

"The only limit I could see at Zacualpan was the geography. It's up and down and the roads are tiny. There could well be billions of ounces of silver in the hundreds of silver veins they already know about but moving around is physically hard to do."

"Fred's guys (who happen to be the best and most professional group I have seen at any mine in Mexico) have discovered almost 200 surface workings. In other words, mines, and it's clear there are twice as many around. This is a district, an entire district with 400 mines which have been on and off in production for 478 years and they have barely scratched the surface."

"There are no good historical records but a reasonable estimate would be production of a million ounces of silver a year for the last 478 years except for the frequent civil wars and disturbances. Bear in mind that the Spanish didn't value zinc and if they came across a high grade zinc vein, they left it. With 1% zinc now being worth $40 a ton, Impact is in the enviable position of being able to focus on the highest value ore which at present is going to be the high-grade and previously-ignored zinc."

>>26144459
There is no risk in taking profits anon
>>26144808
? What am I shilling anon?

>>26144980
> hyperinflation hits Venzuela: salary is $1 / month
> hyperinflation hits USA: salary is $1,000,000,000,000 / day
It's so unfair

>>26145395
>There is no risk in taking profits anon
not when you live somewhere you're taxed at 40% capitain gains like me !
>>26145309
don't worry brother, I'm just saying people should be careful about trying to time the market, going in and out all the time because a stock went "parabolic" in their eyes. If you know what you're doing, then all good.

>>26145078
>especially when "buying a house" in the absolute shithole of Venezuela isn't probably seen as the same positive idea as the opportunity to buy a house in America.

point of the pic is to simply illustrate how critical a stack can be in a FUBAR economy. it shouldn't be taken quite literally. you can replace 'house' with anything else. it could secure passports for your family to gtfo and start over. or feed your family for a couple years. i've actually spoken with a few venezuelans and its crazy what just a few usd can do for you over there. i imagine pm's have even more purchasing power than fiat.

>>26145180
>our merc dimes will buy a lot more than just bjs
Incidentally, when I found that pic, I also come across another post which said this guy gave his sister in Venezuela a few rolls of mercs from the US because it was right before SHTF in Venezuela and he had a bad feeling about the future there. Apparently the mercs alone fed his sister's family for months.

>>26145395

The principle which he is drawing is correct, you don't want to cut your winners too early and you do want to let them run. But I'm in a special case with ELO because I have already made a good deal of money with it, and I want to reinvest most of my profits in stocks which I now see as more undervalued, or offering a better risk/reward proposition.

>>26145426

Yes, I know what you're saying and it is largely correct. Sorry if anything which I said in this conversation came across the wrong way.

>>26145426
Hey you still get profits, you cannot lose any money therefore there is no risk. Also you can do tax loss selling to balance things out if you've made bad investments!

>>26145540
My point is that people should take at least some money off the table after reaching their target price for a stock.

GME hit $42 again in Germany

>>26145705
They fucking did it. This is what /biz/ should have been. But the crypto shills ruined it.

Wrong thread my bad boys

>>26145705
Wrong general

>new stacklet
Just started buying bullion to diversify portfolio in case fiat and crypto both go to shit. Was going to store in a safety deposit box but now im reading that gold and silver shouldnt be kept together, is this a meme?

>>26145675

Has to be said though that an NR can change the value of a stock overnight. It might mean that what formerly seemed like a good target-price is no longer the case, and that a person should continue to hold. I think for me taking profits is a case of whether or not another stock poses a better risk vs reward opportunity. That's when I begin to sell. Because I always move from one mining stock to another and rarely hold cash. An NR could make a stock go 10x, but if there was still no better opportunity elsewhere then I'd continue to hold every share. ELO seems to be going up simply on the same 1-billion ounces speculation which made me buy it 6 months ago, so it doesn't seem justified to keep holding all my profits when other stocks which are quite as interesting as ELO are languishing or going down.

I’m thinking of adding some gemstone investments to my PM stack. Anyone have experience buying gemstones as investments? I’d imagine there’s an overlap of PM and gemstone collectors

>>26144980
You can buy a house in Fiji or the Philippines for about a monster box of silver now.

>>26145864
>gold and silver shouldnt be kept together, is this a meme?
It's bullshit if they're talking about chemical reactions. Gold is inert and does not react with most elements. Silver will tarnish, especially if it there is a source of sulphur.

You do not need to worry about putting gold and silver together in a safe deposit box. That said, you do have to be careful that the bank does not steal the contents of your SDB. You should check the SDB regularly and the bank where you have the SDB should be one where you have an account that has somewhat regular financial activity (deposits, withdrawals, etc.)

Oh by the by did everybody see the BHS news? Not really good news imho. What confuses me is that they almost started a drilling program, even moved the rigs to Harrison and then a month later decide against proceeding with the option agreement. Should have done their due dilligence there before wasting resources by renting a drill. Once again the company embarrasses itself by showing how unorganized it is. Also I couldn't help but notice this in the NR:

>"The Company continues with processing silver concentrate at its Bayhorse Silver Mine mill and flotation facility in nearby Idaho, with upgrades underway to increase the daily throughput of concentrate, on a 24 hour cycle, to 10 tonnes per day."
They should be able to get 200tpd no? Under 10tpd is a joke!

>>26145901
This is true both ways, an NR can destroy a stock.

Thou shall buy pms anons

>>26146402
I've no experience but I looked into it. Gems aren't fungible as PMs are and you're going to take a huge haircut if/when you sell unless you are somehow able to buy at wholesale prices or better. You also need a trained eye to either know how to grade gems or recognize the accuracy of a given grade.

>>26146577
>you do have to be careful that the bank does not steal the contents of your SDB
wtf? is this even a thing?

>>26146648
Steal is perhaps too strong a word. However, there have been incidents of people losing items from their SDBs. I recommended that the SDB be attached to an account with regular activity. This is because in some of the incidents where the contents of the SDB were taken, the accounts were inactive for years and the bank assumed that the owners abandoned them or died. The bank didn't seem to try very hard to contact to the owners, though. My recommendation to regularly check the SDB is also to ensure that the contents are still in the box.

>>26146595

>Oh by the by did everybody see the BHS news? Not really good news imho.

The Harrison NR is excellent news, because it shows that the CEO is listening to the criticism and that the company is now going to concentrate solely on producing silver. Nor was the CEO completely irrational to experiment with the Harrison business in the first place, since he was afraid that BHS was too much of a "one-trick pony." But it is better to cut your losses on a bad decision than to double down.

>Once again the company embarrasses itself by showing how unorganized it is.

It is a good thing that this is the false public perception, because it allows me to accumulate even more shares of a 20 oz/ton safe-jurisdiction 10-year-life silver mine with all the necessary permits and infrastructure to produce at less than 1x cash flow.

>They should be able to get 200tpd no? Under 10tpd is a joke!

It was already known that BHS needed $2-3 million in financing to get to full capacity. Unfortunately, this sort of stock is too small for an investor like Sprott, which has meant that the CEO has needed to build things on a minuscule budget. It is a miracle that he got the operation together at all. Will not be a problem when silver gets over $30 and the stock price soars. As Graeme said in an e-mail in April:

"We have everything built. Our issue has been working capital to run the mine, and we (and most other companies) have been starved for working capital these past two years. Assuming US$190/ton, at 100 ton/day, that works out to $19,000 per day, around $600,000 per month, so we would need at least US$2M to be sure we would not get caught with our pants down. To go to 200 ton/day will cost around US$26,000 day. We have to spend a lot before the cash comes in, that is what many investors do not understand. ... We will ramp up very slowly in producing a float con from the around 300 - 400 tons of pre-sorted material and get that processed before we go back to full scale mining."

>>26147022
I think the Harrison NR just shows that the management lacks a direction, not that they are listening to criticism. Though it is a good thing that they did their DD onsite and concluded that it's not worth the risk and the investment so it's not bad news. Just not very good news either.
>It is a good thing that this is the false public perception, because it allows me to accumulate even more shares of a 20 oz/ton safe-jurisdiction 10-year-life silver mine with all the necessary permits and infrastructure to produce at less than 1x cash flow.
Going to be much more than ten year LOM at this rate of production kek
>It was already known that BHS needed $2-3 million in financing to get to full capacity.
Well hopefully they can now focus all of their efforts on the silver mine now. If they can prove their value they should be able to get that funding without much of a problem, no matter whether they get the funding via leveraging or private placement. That's a tiny amount of capital relatively speaking

>>26146595
It really seems like a joke at this point. 10 tpd. What an embarrassment. I dumped them at their grab sample shenanigans.

>>26147261

I could tell you twenty good stocks which are down just as much as, if not more so than BHS over the past six months. All the miners are in the gutter right now; the price-movement is irrelevant until we get to $30+ silver. That is what I am positioning myself for, not short-term noise.

Very tempted to get a kilo kook boys. Once you hold a kilo coin, bars just feel like second best.

>>26147219

BHS is analogous with EXK insofar as, the higher silver goes, the farther it will run than other stocks. EXK seemed like a rubbish proposition also at $17 AISC, until silver got to $20+--then it provided more leverage than any other mid-tier producer if you had bought when the mcap was cheap. All you need is the silver frenzy take hold at $30+ silver and $3 million in financing will come in no time. Then you are sitting pretty with all your shares which you accumulated in the gutter, when the mcap was even lower than the potential cash flow.

>>26145426
What are the tax laws in America regarding buying and selling stocks. Do we have to pay eta every time we sell at a profit? What happens if you sell at a loss? How does this work?

>>26147356
>All the miners are in the gutter right now
First of all this isn't about the sp, it's about whether the company is worth investing in. Second of all your blanket statement is just untrue. Look at Moneta Porcupine, Fireweed Zinc, Vangold just to name a few. Although I suppose that for companies that rely on silver price to stay high the sp will inevitably follow -- that's the reason why I don't focus on companies like that too eagerly

>>26147356
You can just go ahead and have all the bayhorse stocks you want bud. Nobody Wil buy them because the thing that you're missing in the bayhorse equation is INVESTOR CONFIDENCE. Just because you can read something and convince yourself it's good doesn't matter if everybody else thinks it shit. Economics work on supply and demand. There is no demand for bayhorse bullshit and when silver hits thirty dollars all the other companies will be doing better than they are now and bayhorse will still be behind. Bayhorse will probably be the very last company in this bull market to moon, if they even do.

>>26147481
When silver hits thirty dollars all mining companies will moon. Bayhorse will moon less than all of them. They fucked themselves over. They had investor confidence and they fucked it right in the butt. They lost it and they won't get it back without serious serious changes. People will be making so much gains on thirty dollar silver that nobody will care about bayhorse. Why would they care? Seriously. If jy impact and Vangold are ten or even 100xing why would I give a shit about bayhorse? I hope it works out for you, I really do. But I on the other hand have no confidence in that shit ass company and honestly I wouldn't care if they went bust. I hope they don't and I would lose about two hundred dollars but I honestly wouldn't care.

>>26147555
I disagree a little -- I think that BHS will go up with higher silver, that's basically inevitable, but I'm not investing in higher silver prices, I prefer investing in companies that do well even with current or lower commodity prices. Also I have no confidence in their management and production capabilities so there's that too

My GLD leaps have been getting absolutely killed. Every day was red last week.

im i the only one to stock food (rice pasta cans) just in case to not have to spend my silverinos ?

>>26147840
One ravioli can will equal one bj at some point this year so it's a good idea.

>>26147538

FWZ is a case in point. Haywood correctly put a $1.50 CAD target on it several months ago, and it is still down 25% from the local closing peak of 1.27 CAD. Given silver and zinc prices, and the value-proposition of the stock, it should be much higher.

Vangold is a rare exception to the rule which will outperform the market because of the El Cubo deal. The vast majority of juniors are considerably in the red since August.

>First of all this isn't about the sp, it's about whether the company is worth investing in.

The share price has everything to do with whether a company is worth investing in or not. Otherwise, there would be little to buy except things like Wheaton Precious Metals. My contention is that BHS is one of the greatest bargains there is _on the basis of the current mcap,_ and as leverage to a rising silver price, and not because it is an excellent company in a vacuum. Nor is BHS a case of a "a rising tide lifting all boats." It is a case of ultra-leverage afforded by a silver bull market. As soon as they get that financing, which is inevitable at $30+ silver, then that is it, an investor is positioned right there with all the shares which he accumulated when the price was trading at sub-1x of cash flow.

>>26147677

>but I'm not investing in higher silver prices, I prefer investing in companies that do well even with current or lower commodity prices.

As we have said before, this is where we differ. I am investing for higher silver prices, not for current or lower silver prices.

>Also I have no confidence in their management and production capabilities so there's that too

Their capability to produce is simply a fact. They have the permits and equipment to do it. All they need now is some cash.

>>26147897
im not interested in transactions of this kind even if the temptation is there

>>26147840
I've some basic goods stored up, as much as I can fit in my small apartment without having to stack boxes and cans on the floor. Not a lot tbqh but I could survive maybe a month at most if I lived very conservatively
>>26147924
Fireweed Zinc share price is doing very well, not in any way "in the gutter". It's in the bottom of a short-term cycle right now in any case and is going to go up soon. Even with lower zinc and silver prices this company's share price will go up from here thanks to the great potential of their Macmillan Pass Project.
>The share price has everything to do with whether a company is worth investing in or not.
Yes, this is true but the share price wasn't the point of my argument. When I argue that BHS isn't a risk worth taking for me I'm not saying that because its sp is down, I'm saying that because at current prices the potential return for investing isn't good enough for me to justify the risk.
>I am investing for higher silver prices, not for current or lower silver prices.
Yeah, we've totally different philosophies here. We've been over this so it's best we agree to disagree on that front

>>26148110

>Fireweed Zinc share price is doing very well, not in any way "in the gutter". It's in the bottom of a short-term cycle right now in any case and is going to go up soon.

-25% down is underperforming SILJ by 6%, and SILJ itself ought to be trading at double what it is now on the basis of current silver prices. Meanwhile, the rubbish, overvalued QQQ has continued to go up since August. So I will continue to maintain that FWZ, along with most of the other miners is in the gutter. That is a completely accurate statement to make. It is generally agreed that sentiment in the mining sector is at a considerable low, and that the junior mining stocks are vastly undervalued.

> When I argue that BHS isn't a risk worth taking for me I'm not saying that because its sp is down, I'm saying that because at current prices the potential return for investing isn't good enough for me to justify the risk.

The risk lies almost entirely in the consequences of a declining silver price. Again what I will maintain is that BHS affords ultra-leverage to a rising silver price. So long as silver goes up, then it is one of the best purchases which a person could possibly make. It is dangerous only if silver goes down. But I have never pretended that any junior mining stock would be safe if this commodity bull market is a false breakout.

>>26148542
I still don't think Fireweed is in the gutter at all, the sp is doing very well. The C$1.25 sp was a spike that lasted for a week, it was not a long-lasting share price. The stock has been crabbing around C$1 since October but it's definitely not in the gutter. It absolutely refuses to move down. I do agree the sector is very undervalued though, lots of absolute bargains all around!

>>26148542
There are many heavily leveraged plays to silver prices. I have no desire to waste time with incompetent or aimless management.

>>26141301
The US Gov had tons of silver, but they sold it at rock bottom prices because they thought they would never run out.

>>26148762

When I say in the gutter, I am speaking on a relative basis. FWZ isn't in the gutter for me; I'm the one who introduced it here in May and recommended it all the time. But anybody who bought FWZ between September and November can't be feeling very happy right now if they are not convinced that commodities are going higher. Same thing is true of most junior miners if you bought within the last 7 months.

>>26148794

BHS management has already shown that it is sufficiently competent, otherwise you wouldn't have the resource-estimate, permits, and the ore-sorter in the first place. They have already proven that they can mine the ore and process it, they simply need the cash to increase production. Also, their team consists of "Dr. Stewart Jackson, P.Geol., Dr. Clay Conway, P.Geol,, Mining Engineer, Dr. Bill Willoughy, PE, RM SME, and Metallurgical Consultant, Mr. John Fox. Independent consultants Dr. Gerry Ray, P. Geol along with Apex Geoscience, and John Jewitt, a highly regarded Mining Engineer." Hardly sounds like an exit scam, does it?

>>26149074
Yeah I suppose the crab/fall in share prices (generally; some companies are still going up) since the initial runup would make people feel like they made a bad investment.

Finally got my first silver, thank you for everything guys

>>26149498
beautiful anon, great edits too

>>26149498
Nice Austrian coins anon, ygmi

>>26149498
>philharmonics

>>26149074
>Hardly sounds like an exit scam, does it?
Not what I am saying. Bayhorse Silver has been spinning their wheels in place for years. And the taglines about "they just need cash to do X FINALLY" have also been around for years. Read the archives of CEO.CA if you want. The annoyances investors today have are the same as what was there back in 2017. Even more frustrating now because silver spot price is so favorable to all boats in the sea.
There are actually about a dozen options for small cap miners highly leveraged to silver price that don't have a history of this slow dragging management. I was already taking profits from a lot of them before the great slamdown last week. And even as I look to new positions, there still is no room for Bayhorse. And I don't think there should be for anyone.

>>26149498
>>26149589
Wiener

Comfy as fuck with my silver
I'm gonna chill the all winter

>>26149498
Welcome to the addiction, just remember you're here forever

>stacklets discussing silver
>one says to avoid buying junk silver at all costs
>other guy asks why
>he sold his silver dollars to a LCS for 60% of melt
kek holy fuck...

>>26149596

What BHS is doing is highly innovative and unique. You ordinarily can't get a mine into production on such a small budget. The only reason why they can produce at all is because Graeme O'Neil was very frugal and creative with the ore-sorter and getting all the right permits. Obviously there will be problems along the way, and things won't go perfectly.

The ceo.ca archive does nothing to diminish my confidence. Most people who bought a silver junior in 2017 are deeply in the red and won't be getting their money back any time soon. God forbid they bought Aurcana or something like that. Bayhorse is down 35% from many points in 2017; that's pretty good, all things considered. You're less of a bagholder than many people who bought many other mining stocks in August of this year. In mid-2017, BHS orders the ore-sorter:

https://ceo.ca/@newsfile/bayhorse-silver-orders-steinert-kss100-ore-sorter-for

Ore-sorter arrives, they use it, test it. They continue drilling, stockpiling. They provide a resource-estimate of the mine in 2018, over 6 million ounces of 20 oz/t silver. Bob Moriarty provides a glowing review of BHS in late 2018:

http://www.321gold.com/editorials/moriarty/moriarty092518.html

Continues to say to this day that he "loves it" and "owns a boatload." Drilling and stockpiling continues as BHS awaits higher silver prices and financing for production (see Graeme's e-mail from April >>26147022). Meanwhile experienced investors like MineGuy, oldbanker, Vaughan (the head moderator of ceo.ca) heavily invest in it in 2020, and still continue to believe in it. 2020, they begin producing silver concentrate, and "relocate their milling and silver flotation circuit to Fruitland, Idaho, from the Bayhorse Mine site, in Oregon and increase the capacity of the circuit to allow for processing at an “as mined” tonnage of 200 tons per day." Get an off-take purchase order for the silver in December. Where is the problem here apart from the Harrison mis-step?

>>26136020
Solid post except for one thing. Goebbels never said anything of the sort. The "Big Lie" was talked about in Mein Kampf not as an endorsement of deceitful propaganda but rather the opposite, with the premise being condemned as a hijacking of our innate sense of trust. It has literally been used against you here in your understanding of the concept. Even WIkipedia can't hide the truth.
https://en.wikipedia.org/wiki/Big_lie

>>26140142
Plenty of people have started noticing and speaking up. It predictably leads to instant deplatforming and persecution however. You obviously wouldn't have a clue about any of this, listening to your boomer talk radio while taking advantage of growing up in the easiest upward mobility the world has ever seen Bob. If you are actually interested in understanding things then I can recommend one entity in particular: https://www.therightstuff.biz

>>26136020
Solid post except for one thing. Goebbels never said anything of the sort. The "Big Lie" was talked about in Mein Kampf not as an endorsement of deceitful propaganda but rather the opposite, with the premise being condemned as a hijacking of our innate sense of trust. It has literally been used against you here in your understanding of the concept. Even WIkipedia can't hide the truth.
https://en.wikipedia.org/wiki/Big_lie

>>26140142
Plenty of people have started noticing and speaking up. It predictably leads to instant deplatforming and persecution however. You obviously wouldn't have a clue about any of this, listening to your boomer talk radio while taking advantage of growing up in the easiest upward mobility the world has ever seen Bob. If you are actually interested in understanding things then I can recommend one entity in particular: https://therightstuff.biz

>>26149903
what?

>>26150379
I'm sure pic rel is just a coincidence

>>26150802
*Cohencidence

>>26150854

Ugh grant williams podcast went paywall

>>26145309
a big thing I see with Eloro is what happens when Bolivia's socialist government wants a piece of the pie and how big will it will be?

>>26145309
Moriarty is someone I hold in high esteem after learning about his background and hearing his interviews. When he speaks, you listen. This is very bullish to see his comments about Impact. I may just have to buy a little more.

Lion One reports two new high-grade gold drill holes
https://ceo.ca/@newsfile/lion-one-encounters-deep-and-shallow-high-grade-gold

So many mines, so little money and so much fear of missing out...

>>26144980
Unless the ratio goes 1:1 you should be using gold to buy a house and silver for food/clothes etc

Feel like a broken record but I do want to once again advise anyone looking for an undervalued Silver miner In Australia, take a look at Boab Metals, formerly Pacifico Minerals. Silver, lead, zinc explorer with their flagship property at Sorby Hill. Potential for up to and possibly over 55m ounces of silver. 74m market cap. I like this company because they Prioritize shareholder communication and are constantly providing updates. With the recent share consolidation, I think they were very attractive option for someone looking for silver exposure in Australia.

>>26151672
1. Mining shares are oversold just like paper Gold/Silver is and you'll have 300 people with all the same claim on a share

2. Mines will be Nationalized and investors losing their oversold share or at best given back the now worthless fiat they paid for the share.


You'll find you avoided stepping on a mine (pun intended) instead of missing out.

>>26152491
for comparison, Dolly Varden has about the same amount of silver. Pacifico might have better mining assets and they're closer to production although they don't own all of their northern property that will be put to production first

Also totally unrelated but here's some nice ore porn

>>26152568
I doubt that will happen anytime soon
I'd still like to earn some extra money to buy physical

>>26152568
The likelihood of over a dozen countries which have mining activity all nationalizing their domestic minors at the same time seems very unlikely to me.

>>26152575

Pacifico's silver is a mere 40 grams per ton (1.4 ounces), just under half the grade of Discovery Metals (100 grams per ton) which is a notoriously low-grade silver stock. Dolly Varden's resource is about 400 grams per ton (13 ounces) if I recall correctly. Also, "the Dolly Varden mine produced 1.3 million ounces of silver at an average grade of 1,103 g/t." And "between 1949 and 1959, the Torbrit Mine produced 18 million ounces of silver at 466.3 g/t." DV recently intersected 1,083 g/t. Not saying this to knock Pacifico, because I like the stock, but Dolly Varden is not comparatively overvalued.

>>26152790
To be fair most mines discussed here are canadian and Canada will probably be one of the first countries to nationalize their industry under trudeau

>>26152825
Oh good point. Been a while since I went through the two companies, tend to forget important details like that.

>>26149074
>Same thing is true of most junior miners if you bought within the last 7 months.
can confirm, started buying miner in september, have been in the red ever since.
>>26151672
I try to learn about the history of a company, that can help you choose. Careful not to fall in love with it though. You're going to miss on good stocks, that's a given. You're also going to miss on better stocks than you have in your PF; that's also a given. As long as you reach your goal, that's fine. I want to be financially free in 5 years, wageslave free is all I want. Think about yours.

>>26152852
I just don't believe this idea. Mines are the backbone of the country, I don't think there will be any nationalization in a civilized Western nation.

>>26152825
These are great points here, thank you. The appeal for Boab for me is the exposure to Australia. Obviously the silver is not high-quality, but it may exist in great quantity. And I feel that the company is very well-managed and investor focused. I like having an option that I can pour more money and if Canada, the US, or Mexico start to nationalize miners, which I still think is highly unlikely. It’s also a way to diversify away from South America, as well, as there does seem to be potential for political instability in some of these countries. Consider Boab as an ace up your sleeve if the unthinkable happens for mining companies in North and South America.

Why shouldn't I flip my gold miners into bonds and then flip it back after the fed announces YCC?

>>26152959
>I want to be financially free in 5 years, wageslave free is all I want. Think about yours.
Do you plan on living off dividends? I'm only 24 and while I would like to retire asap I just don't see that happening unless I find a silver or gold vein on my parent's small hillside property, heh

>>26153035
>I don't think there will be any nationalization in a civilized Western nation

When the currency collapses those Nations wont be so civilized

>>26153255
I'll have made my profits until then even if that ends up being the case

>>26153163
I'm 29, have 500 oz silver and 21 gold. Should reach 10-15k invested in miner by august (currently 4k). I'll flip all this for dividends stocks and rental property when we are around the top of this PM bullmarket. I will for a more precise exit in 2-3 years when the bullmarket is hot. Don't wanna work past 35yo, i'm tired man.

>>26153053
Rising yields = falling bond prices.

>>26140874
I wish to one day have as much shiney as you fren.
I have just under 50 now. :(

>>26141074
Copper is the future. So says I.

am retard, can someone explain how to interpret these huge volume spikes in BLLG since december?

>>26153775
Spooky. Avoid.

Where will Metalla Royalty go? I bought in at $5.15 so I am thinking of selling to buy the dip in juniors. Specifically the yuge dip in Gold Terra, Scottie, and Ascot.

>>26152825
>Pacifico's silver is a mere 40 grams per ton (1.4 ounces), just under half the grade of Discovery Metals (100 grams per ton) which is a notoriously low-grade silver stock.

The low-grade but still currently profitable Silver resources of some companies kinda spooks me. If the inflationary scenario pans out then inflated fuel and labor inputs plus possible green new deal style environmental concerns may make those marginal deposits unappealing if not unprofitable too.
I'm personally most interested in the ~300+g/t ore because 1 or 3 ounces per ton may not be enough if other metals recovered fail to justify the increased production costs if/when oil goes into the hundred$ per barrel with wages and other material costs rising similarly.
Maybe I'm being dumb but going for highgrade miners with a smaller footprint seems best to me.

Bayhorse is up 16% while most of my other miners opened in the red.

Why is silver down so hard?

>>26154465
More importantly, where is all my copper bars? Inventory is out, and only some way over spot is left.

Another day, another Tether nothingburger.

>>26141981
not gonna lie that looks fucking delicious. I want to eat that with a big glass of milk

>>26154465
Because faglord like you have username filled on 4chan.

Nicola Mining Announces 2021 Exploration Objectives at New Craigmont Copper Project

https://ceo.ca/@newsfile/nicola-mining-announces-2021-exploration-objectives

Blue Lagoon Adds Second Drill Rig; Releases First Rock Sample Numbers From Its Fall Prospecting Program

https://ceo.ca/@accesswire/blue-lagoon-adds-second-drill-rig-releases-first-rock

Silver Spruce Mobilizes Phase 1 Exploration on Jackie Au-Ag Property, Sonora, Mexico

https://ceo.ca/@accesswire/silver-spruce-mobilizes-phase-1-exploration-on-jackie

>>26153039

Yes, I know that you discovered this gem when you were going looking for Australia junior silver miners. I understand the reason for your investing in it and I respect it. I think that the silver grade of TK is quite as low, if not lower than that of Pacifico. Low-grade will become more and more significant as the silver price goes up.

>>26154465
so we can keep on stacking !!

Just ordered 5kg of silver to add to the hoard. Got some Utah goldbacks coming off ebay as well, they look purdy.

Anyone ever used one of those electric gold testers? Do they actually work?

So turns out silver isn't an industrial metal

>>26154749
My heart skipped a beat when I saw a Silver Spruce NR link in your post. Pinot is the white whale that we are all waiting to be drilled. I’m wondering if I should go even further into Silver Spruce. The disparity between the market cap and their potential Is unfathomable.

>>26154968
*Pino

>>26154968

I always feel the same way when I see "News" to do with Silver Spruce, haha. I already have my full position, over 5% of my entire portfolio, so I have made a large bet on this stock.

Did you buy CLF?

>>26155086

>>26155222
No but the steel market is seriously fucked right now. I was trying to buy a trailer and the factory is not filling orders because they "cant get any steel". What kind of country cant get steel?

>>26155200
Do you think we’re going to see more severe and more frequent manipulation from JP Morgan as the Comex starts to fail? I wouldn’t be surprised if in the next few weeks and months the gold and silver prices go down in the toilet. As they say, the night Is darkest right before dawn.

>>26155473

I'm not sure what the death of the COMEX will look like in practice, but, no matter what they do to the spot price over the coming months, I am never selling a single ounce of silver or a single share in a mining stock as a consequence of it.

>>26155473
the comex failure was last september, you didnt get the memo?

Does anyone have an idea of what requirements there are for these private placements? Are they all sold to strategic partners/friends or can a regular investor participate as well?

>>26155328
3rd world countries, anon. You live in a 3rd world country.

>>26155707
I do actually believe that it was very close to failing last fall. It seems they have lowered their standards greatly for their gold and silver suppliers. And even then it’s like rearranging deck chairs on the Titanic. I really don’t know what else they can do at this point to keep it running. But I’m no expert.

.

https://twitter.com/Northst18363337/status/1351188063498678276
More cheapies coming.

AGEs are 91% gold because they having tracking chips inside of them.

>>26156094
Don't do it. Don't you fucking do it

You guys notice how tether stopped printing money the moment normies started paying attention? There hasn't been a print since Jan 10. Apparently Dave Ramsey and Peter Schiff have more power over crypto than the NYAG, CFTC, and SEC

>>26155328

>No but the steel market is seriously fucked right now. I was trying to buy a trailer and the factory is not filling orders because they "cant get any steel". What kind of country cant get steel?

It's almost as if there's something seriously the matter with the commodities market. But then, you got the memo already, so you know what it is. >>26155707

>>26156302
NOT ON MY WATCH. LIGHT EM UP PATRIOTS!

Fondled my first oz of gold today and I will never be the same

>>26156302
Then microwave them shit fud

>>26156983
Did you coom

They know
https://www.independent.co.uk/news/world/middle-east/covid-vaccine-rabbi-gay-b1788543.html

>>26157052
basically, running my hands through my treasure chest of silver is now somehow second to fondling once piece of gold

>>26156291
>knew it would hold
>it's actually dropping
i was thinking of copping 4 ounces of the yellow drip to turn the stack into a firm 25oz by latest june, but now i'm ready to go at exactly 1800.

>>26157170
>Waiting on a 2% price drop in this environment

>>26157127
I guess it would be preferable to fondle my 24k instead of 22k coins since the silver and cooper in the 22k coin would tarnish from the oil from my hands and coom right

>>26154749
Not an expert by any means but to me these BLLG drill results sound extremely promising with the high grade gold veins. Also I am personally happy that they added another drill rig. They have a huge property to prospect and so far quite a small recognized resource. The stock should shoot up in value when they can add more gold/silver to their proven reserves which they most likely have. I am happy with these news, interesting to see how the stock reacts.

>>26157396
>not waiting for the thrill of cheapies
trust me, not even 10 years from, being able to say 'yeah, i was able to buy cheapies at 1800/oz' will be the equivalent of boomers saying 'yeah, i could pay off a house in 3 years'.
you don't want people to simply imagine - you want them to feel pain, too.

so im way late on acquiring pms, but gonna make a purchase this week. all dealers in op are g2g?

>>26150130
The problem is thinking a crappy little operation is going to make you rich.

>>26157663

I accumulate more BLLG every single time the price goes down; it's beyond absurdity at this point. To think that the mcap is trading for half of what the original management put into the company, that 99% of the work towards production is done, that the mountain is "full of high-grade ore" (as Pan Man says) and simply has to prove it in an official resource, that the silver element is 2:1 with gold, that they also have 750 million pounds of copper, that the CEO is a PM bull who carries himself well in interviews. The market will catch up with the value, no question about it.

>>26157878
I agree with you and have a reasonable BLLG position as well. It's hard to think of a company with better upside potential than BLLG at the current price. What I am afraid of is that this deal is "too good to be true". Since like you said, their valuation makes almost no sense. What is wrong with them, why are they valued at so insanely low price? They don't even have any debt and they have significant treasury. It must come down to the proven reserves. Investors are still skeptical and when that changes the stock is bound to explode to the upside.

>>26157768
shit I'm already like that with silver, I use to buy at $20 /oz with the premium and at the time I thought that was too high.

>>26156094
>.
you motherfucker.

>>26157829

>The problem is thinking a crappy little operation is going to make you rich.

BHS only needs a few million in financing to produce 1.2 million silver ounces per annum (that's double of what Impact Silver produces) at an AISC of $12, for $30 million dollars in revenue. Their current market cap is only $12 million. Mine-life is 10 years, jurisdiction is safe. This means that BHS is trading at far less than 1x potential cash flow and is soon going to be rerated as the most undervalued silver producer in the entire world. When the re-rate happens don't say I didn't warn you, because I have making this blindingly obvious case for them in these threads for months.

>>26158048

Yes, the proven reserves of BLLG would seem to be the only weak point. But as Pan Man says, if you understand that mountain, then you know that it is full of high-grade ore; so the proven reserves business, to me, is not a problem. I have to presume that BLLG is simply a case of severe dislocation in the market, like KS and VGLD a few months ago.

>>26141047
Based

>>26140627

Why do people think JPM rig the precious markets?

>>26158794
Well, they've very recently been fined a billion dollars for it, for one.

>>26158842

You mean the spoofing? When they started doing it it wasn't illegal. Also they paid a fine but there wasn't actually legal action, they just settled with the regulator.

>>26158794

>Why do people think JPM rig the precious markets?

Eric Sprott's friend Craig Hemke gives a summary in this video:

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

After that, listen to this death-bed confession which CFTC commissioner Bart Chilton gave just before he died:

"Bart Chilton Confirms Silver Manipulation and JP Morgan Short Position"

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

Just ordered 10 OGP silver eagles at $24 each from my local coin shop. Excited to finally get my stack going.

>>26158939

Well they won't be any more, they sacked basically all of the management in their precious metals trading unit in the past 18 months.

>>26159055
Welcome to the yacht my friend

>>26159090
Oh, okay, well then I totally trust them to do the right thing now.

>>26158454
sorry if that was already asked but anyone know you are a BHS bull considering their case so what do you think about starcore since its similar ? I know some people discussed about it with you. They have a few once of silver I think and can sustain this 8 years bullmarket but how bullish are you on them ?

could the stock market, economy and crypto really be in a new paradigm?
the entire planet is in lockdown and everyone is sitting at home collecting welfare yet everything is going along smoothly, people are still getting fatter everyday, their Amazon shipments still arrive, their stocks and crypto keep going higher, etc. because Sweden, Japan and China have no lockdowns so they produce the cars, electronics, clothes and home appliances we want

as long as the producers keep accepting dollars and euros this can literally keep going forever, and why wouldn't it?
the US has printed and sent trillions of dollars overseas in less than one year and yet the dollar is much stronger than it was in 2007-2014
if there was ever a time to abandon the dollar (and all fiat in general), that time is now - yet everyone clings to it for dear life
meanwhile gold, the supposed ultimate safe haven, that by all metrics should be going to the moon has barely moved up and is now bleeding to death without any sign of recovery

it doesn't even feel like anything bad has happened, it feels like there was never even a crisis to begin with, it feels like the economy is greater now than it has ever been..
I know that sounds stupid but compare sentiments in 2008-2010 to sentiments right now..
back in 08 millions lost their homes and their incomes, no $200 a week check, booming stocks or 100000x crypto
now no one is hurting, everyone is euphoric and there is no end in sight...

am I retarded or what the fuck is happening?

https://ceo.ca/@newsfile/lion-one-encounters-deep-and-shallow-high-grade-gold

>>26159293
I seriously challenge your contention that "no one is hurting and everyone is euphoric." Stock prices or numbers on a screen aren't the real economy. Tesla and Apple and BTC might be at all-time highs, but the house of cards which is the real economy is crumbling and will topple any month now. The euphoria you're perceiving is from brokerage firms, account managers, and day traders enjoying these pumps of capital into the equity markets from the small portion of the society who can afford to do those things.

>>26159203

BHS and Starcore are very similar, both small one-mine producers with sub-$15-million mcaps. The main advantage which Starcore has over BHS is that Starcore is actually producing. In the case of BHS we simply need to get over that last obstacle and prove that Graeme O'Neil is actually up to the task. Once that is done, the re-rate will commence. BHS also has 3x more silver reserves than Starcore (probably 6x more) and its grades are enormously higher. Starcore's silver grade is a pitiful 20 g/t, not even a single ounce, which is one fifth the amount that even Discovery Metals has (100 g/t or 3 ounces per ton). BHS has _21 ounces_ per ton! BHS is also capable of producing much more silver than Starcore does (120,000 ounces for Starcore vs 1.2 million for BHS). Starcore's main value is as a gold producer. Also, BHS is in America, but Starcore is in Mexico. If BHS gets re-rated but Starcore languishes, then I will take profits on BHS and buy Starcore. But as it stands, I will continue to bet on BHS as the better buy.

>>26159293
>Gold
>Bleeding to death
Check the 10-year chart my friend, and see for yourself how, for all their efforts to keep gold down, it only ever keeps rising.

>>26140627
What does /pmg/ think of Robert Kiyosaki? I see him I television all the time telling me to buy silver

>>26159849
better do what he says

>>26159293
It's because all the people that should be hurting are making more money than they were when they were working. It's impossible to get low skill labor right now for that reason. I'm trying to fill a $12/hr job and about 1/5-1/10 of the interviews I set up actually have people show up for them. Everyone is just applying so they can say they're still looking so they can get unemployment. Not to mention you are asking why foreclosures are so low when the government made it ILLEGAL TO FORECLOSE.

The dollar isn't "stronger" than it was in 2007 if you have half a brain. Other shitty currencies are just worse than the dollar is now and back then the dollar was relatively worse than they were because that was before the PIGS crisis. Real estate today is probably 10-15% lower (minimum) than it was in 2007 when you account for the inflation that has gone on since then.

>>26143354
Macro voices is always a good listen. Luke Groman makes me extra bullish, but I often learn more from the dollar bulls

>>26140627
does it matter if I buy Impact Silver on Torronto Stock Exchange or Frankfurt Stock Exchange? Degiro uses Euro so I'd rather avoid currency conversion.

>>26159494
who's hurting?
yes, people don't have jobs but their getting welfare checks every week!
yes, a lot of people aren't paying their mortgage/rent but they don't have to, no one is allowed to repo!
PCE (consumption) is down less than 2.1% since its peak pre-pandemic... 2.1%!!!!!!!!!!!!!!!!!!!!
>>26159579
TSLA is up more in 1 year than gold is in 44 years
and why? TSLA is literally producing less profit that it can re-invest or give to it's shareholders year on year than you could make just buying and lending out gold
this euphoria is truly beyond anything the world has ever seen before
>>26159973
>so they can get unemployment
exactly, that's my point!
>government made it ILLEGAL TO FORECLOSE
exactly, that's my point!
>dollar isn't "stronger" than it was in 2007 if you have half a brain. Other shitty currencies are just worse than the dollar
and what are we to measure the strength of the dollar in if not to other currencies? gold?
sure, gold is higher today than it was in 2007 but its lower than it was in 2011 and since then we've printed $4,741,800,000,000 and added $14,000,000,000,000 to the national debt!
if gold was ever a hedge to this insanity it would've gone to to $100,000+ per ounce a long time ago

>>26159494
who's hurting?
yes, people don't have jobs but they're getting welfare checks every week!
yes, a lot of people aren't paying their mortgage/rent but they don't have to, no one is allowed to repo!
PCE (consumption) is down less than 2.1% since its peak pre-pandemic... 2.1%!!!!!!!!!!!!!!!!!!!!
>>26159579
TSLA is up more in 1 year than gold is in 44 years
and why? TSLA is literally producing less profit that it can re-invest or give to it's shareholders year on year than you could make just buying and lending out gold
this euphoria is truly beyond anything the world has ever seen before
>>26159973
>so they can get unemployment
exactly, that's my point!
>government made it ILLEGAL TO FORECLOSE
exactly, that's my point!
>dollar isn't "stronger" than it was in 2007 if you have half a brain. Other shitty currencies are just worse than the dollar
and what are we to measure the strength of the dollar in if not to other currencies? gold?
sure, gold is higher today than it was in 2007 but its lower than it was in 2011 and since then we've printed $4,741,800,000,000 and added $14,000,000,000,000 to the national debt!
if gold was ever a hedge to this insanity it would've gone to to $100,000+ per ounce a long time ago

>>26160398

Degiro often charges heavy fees for buying stuff on the Toronto Stock Exchange so you might end up paying more to do so. Currency conversion is fairly easy, simply look up the stock name on ceo.ca (in this case IPT) and then do it in Google. IPT tends to be pretty liquid in Frankfurt.

>>26144104
I'm cooming

>>26159293
>what the fuck is happening?

They've gotten much better at perception management in the dozen years since the last crisis. Nonstop 24/7 propaganda, lies, BS, malevolent shilling and censorship flows from the MSM and social media like never before. I've caught myself also wondering if I've been retarded for stacking so much while the euphoric mooning of dumb assets leaves PMs in the dust of the "new normal" being pumped, but I think that making us question our holding of scarce hard assets and shares in their producers is exactly the point of the game playing out right now. They want us all shaken out and stripped of wealth and real assets so we can be easily controlled slaves in their neofeudalist world order, hence the MSM shilling Cryptos and other malinvestments as superior to inherently useful and valuable assets like farmland (which Bill Gates has been hoovering up lately) and commodities.

A hundred different real-world pins could pop the bubble at any time but until it happens keep a diamond grip and long term perspective. My stacking isn't some quick trade but for being able to survive an uncertain future and leave each of my children a heavy inheritance 40-50 years from now.

>>26160398
>>26160565

By the way, when you buy a microcap stock on Degiro, make sure that you don't hit the ask if it is vastly higher than the real price. You can end up overpaying by up to 25%. Shouldn't be so much of a problem with IPT because as I say that is a fairly liquid stock. But the ask on BHS right now is e.g. 0.071 euros, which is 22% higher than the real price. In that case you would want to get the shares by making a bid.

>>26160565
>>26160658
thanks!

hey guys stock fag here. Im satisfied with my gainz and would rather cash out for preciouse metals. Im getting tired of the unlimited printing of money. I was wondering if its a good time to buy silver. I have about 600 to convert maybe more. Is it a bad time to buy? Also looking into copper. Thanks friends!

>>26160629
>I've caught myself also wondering if I've been retarded for stacking so much while the euphoric mooning of dumb assets leaves PMs in the dust of the "new normal" being pumped, but I think that making us question our holding of scarce hard assets and shares in their producers is exactly the point of the game playing out right now.
This. The world is playing a giant game of musical chairs where there are 10x more players than chairs. We are already sitting in our chairs and see everyone dancing and having so much fun as they circle around, and start to have doubts about why we chose to sit down before everyone else in the first place. Eventually though they will want to sit in your chair and to do so they'll have to pay you very handsomely.

>>26160854
600 thousand right?

>>26160629
>They've gotten much better at perception management in the dozen years since the last crisis. Nonstop 24/7 propaganda, lies, BS, malevolent shilling and censorship flows from the MSM and social media like never before.
>They want us all shaken out and stripped of wealth and real assets so we can be easily controlled slaves in their neofeudalist world order, hence the MSM shilling Cryptos and other malinvestments as superior to inherently useful and valuable assets like farmland (which Bill Gates has been hoovering up lately)
see this makes sense
the question is will the reward for holding these metals for years on end ever be worth it and will the reward even come within our lifetime? I'm 26 and I don't think I will ever even see $8,000 gold and if I ever do the Dow will probably be $200,000
if I had just stuck to my btc and stocks, never going into gold/silver I'd be filthy rich by now

>>26160929
anon i threw 100 bucks into stocks that i thought would do well and it did a 6x so fuck off should i just buy silver

>>26161148
>should i just buy silver

Yes

>>26161148

Silver is the most undervalued asset in the entire world. Needs to go over 30x to reach its previous inflation-adjusted ATH of $850. Mined at a ratio of 8:1 with gold and yet the GSR is 1:70. Historic GSR is 1:15 and has been as low as 1:3 or even 1:1. Almost no above-ground stockpiles of silver. Likely to be re-monetized by Latin American nations. One of the most useful metals in the world and essential for modern life. The only things which are more undervalued are silver mining stocks. You should have some junk silver (pre 1965 coinage) simply in order to have something to barter with after the collapse of fiat, which is coming soon.

>>26160854
>>26161148
I'd advice to buy gold instead but silver is good too

>>26161403
Thanks anon i wanted some to barter with to get a taxi ride or somthing when fiat collapses but some bars to invest with also

>>26161554

For $600 I'd actually recommend simply going all in on junk silver. Junk silver will probably command a premium after the collapse of fiat, because it allows people to barter with very small amounts of silver.

i want to fomo into some silver. i already have physical 5oz gold. because silver is taxed where i live it's going to be something like SLV or SLVP, but i'm open to being shilled something else.

Bill Holter interview coming up in about 2 hours lads, This guy along with Jim Sinclair (good jew from one of the bad jew banking families) are gold/silver men and have insider knowledge and know how things will be played out, A must watch.

https://www.youtube.com/watch?v=h_IkKsinMws&ab_channel=JeanClaudeBeyondMystic2

>>26161719

Never buy GLD or SLV, they are unallocated banker-controlled scams which have no delivery mechanism, are poorly audited, and are allowed to pay you in debased fiat when hyperinflation takes place. See if you can buy the PSLV ETF of Sprott, that is the most trustworthy. If not, then look into something like BullionVault, Kinesis, GoldMoney, or OneGold. If you live in the U. K., consider paying the 20% VAT premium anyway to buy Britannias, because those are CGT-free.

>>26161148
Lol never change biz

>>26161403
I would like to add to this excellent analysis one additional point: silver is used in solar panels. Now that the US is fully under Democratic control, the solar industry will thrive in a way it never has. Silver is instrumental to the solar industry.

>>26161834
cheapest I can get are couriers from estonia, but even that is a hefty premium over spot price and I'd rather buy more gold in that case as that is exempt from VAT entirely.
so i'm thinking more mining etfs, or 2-3 individual miners. is SLVP a bad choice?

>>26161830
>scroll through videos
>UFOlogy in review
Kek fuck off schizo

How often are world silver coins faked
Do counterfeiters put in the same amount of effort that they do for Morgans et al or is it pretty obvious

>>26162056
Plus, if we ever put solar panels in space, then silver will become infinitely more valuable.

>>26162114

Was not aware of SLVP before but the holdings appear to be sound. I'd say that it's pretty much equivalent with the ETF SIL. It has Pan American, Hecla, Fresnillo, Newmont, First Majestic, MAG Silver, Fortuna Silver, etc.; weighted mostly to larger-cap producers. It is _extremely_ safe, and won't provide anything like the leverage that real junior silver small-caps do, but it is a sound alternative to investing in physical silver if you don't want to pay the VAT, and ought to outperform it considerably.

>>26162056

Thank you for the point and for your kind words; yes, you are entirely right.

>>26160910
>Eventually though they will want to sit in your chair and to do so they'll have to pay you very handsomely.

Kek nice analogy. It's sleight of hand completely global in scope. Tell us plebs to go buy TSLAA and BTC and reward enough people with fat gainz to encourage everyone else to pile into the pyramid scheme while the banks and uber elites are stacking commodities, land and related enterprises.

The Rothschild-tier elites or bankers or Russia/China don't care about HODLing BTC or LINK or normie stocks with market caps 1000+X earnings, but they'll happily sell you some they bought cheap for your gold. They are smarter than the retail robinhooder and are positioning in commodities for a damn good reason.

>>26161095
>the question is will the reward for holding these metals for years on end ever be worth it and will the reward even come within our lifetime?

In my belief it'll be a yes to both. And yeah in retrospect I clearly should have just held the BTC I bought years ago when it was under $500, but I'm quite confident that we'll see amazing price action within the next few years that will make every stacker look like a genius. The springs are wound and traps all set just waiting for a trigger.

>>26161095
You see, this your problems /pmg/ guys, its either black or white, DIVERSIFY god damn, i own bitcoin and silver and soon juniors, profit from the game if you can then convert in pm

>>26162114
>>26162370

By the way, to recommend 3 individual miners from SLVP, I'd go for Fortuna Silver Mines, Hecla Mining, and First Majestic.

>>26162370
>>26162481
thanks anon i will look into them

>>26162452
I buy low, sell high. PMs are low, Crypto is high. That simple.

>>26162615

Don Durrett goes into all 3 of them in his article "best silver mining stocks for 2020," have a read of it here:

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

I also recommend all the rest of his articles on SeekingAlpha, they are very good introductions for anybody who is new to investing in gold or silver miners.

>>26162725
no its not, you said that a few months when it was at 10k, wait till then introduce cbdc you will see what is high, if you dont have the guts for it you can tell, there is no shame, but fuding just for the sake of it is childish, i own a lot of crypto but i like as much silver and i dont come to shit here on pm

>>26162725
>I buy low, sell high.

Clearly not a /biz/ native.

>day 18 of the year 2021
>silver still below 30$

>>26155233
cute postings

>>26160531
You sound like a impatient sperg. This is literally how all bubbles and manias have played out since time immemorial.

>>26162986
>cbdc
You truely are a brainlet if you think this is good for Bitcoin or any Crypto.

The Banks spend trillions on lobbyists to get their way. Regulation against their competitors is coming.

>>26162986
>wait till then introduce cbdc you will see what is high
Actual retard moment
A cbdc will be paired with legislation targeting "illegitimate" cryptocurrencies

>>26162986
What good will your crypto be when the the central banks refuse to allow conversion of crypto into fedcoins? I'm not opposed to crypto at all, but lots of crypto bulls seem to totally ignore the obvious issues with it. There is already legislation in the works to hamper crypto, and as the central banks try to assert more and more power, it will come under more pressure. Just look at all the people mindlessly wearing masks. Most of the crypto bulls I've spoken to/heard from are that same crowd. As soon as the government tells them crypto is bad, they will fall in line in short order and your coins will be worthless other than on a black market. If they are willing to give up their civil liberties at the drop of a hat, what chance do you think an ephemeral token has?

>>26161403
https://twitter.com/LawrenceLepard/status/1351110326264201218
Indeed, life changing investment.

>>26163429

Add to this that no nation will ever desire Bitcoin in exchange for goods and services. Russia now has more gold than dollars and is obviously preparing to issue a gold-backed currency, same thing is true of China, various other Asian countries (especially the -stans). After the reset, gold will become money again, and Bitcoin will immediately sink to zero in terms of gold.

>>26163475

Even Peter Schiff said recently that "these gold stocks will be going 50x" soon, and he tends to be very conservative, as is his gold fund. Makes my 150x-for-silver-small-caps figure seem not as outlandish as sometimes people think it is.

https://youtu.be/H925_g1xmaw?t=1948

I've been hearing dollar collapse hyperinflation story forever from gold guys like Peter Schiff. I think that's misguided.

What's the replacement for international settlement? If I have a company in the netherlands, I can buy components from Taiwan, copper wire from Canada, glass from China all using dollars. I don't need to manage fifty currencies, I just use the US banking system which is the most extensive system in the whole world. For the dollar to collapse there needs to be an equivalent system that is better.

Do you guys expect in the future for companies to keep gold in their safeboxes and to mail gold around to do international trade?

>>26163711
Considering how the US is tearing itself apart, I don't think that a "better" system will have to rise so much as a more stable one

I like leaf coin

>>26163711
They'll trade in whatever they want. Real time conversion via computers, derivatives and blockchain. It's not the 1980s anymore old man.

>>26163800
What's does this better system look like then?
There has to be a replacement.

I never hear any kind of solutions from the gold crowd, they're like Black Live Matter zoomers always complain and offer no real alternative solution.

>>26163886
Lol ok they'll replace it with barter.
If I want lumber from canada and they only take in silver and I have to get silver from south korea but they have a shortage of rhodium so I have to get that first but I only have a surplus of textiles at the moment. Fucking retarded.

>>26163897
There doesn't need to be a system faggot. It's called a FREE MARKET.

>>26163970
Brainlet over here doesn't understand algebra and derivatives exist.

>>26163711

>I've been hearing dollar collapse hyperinflation story forever from gold guys like Peter Schiff. I think that's misguided.

If you listened to him from 2000-2011 you stayed out of the Dotcom bubble and made a fortune in gold and gold stocks. I mean you made hundreds of times gains. How do you think Peter Schiff got so rich in the first place?

Gold didn't go to $5000 when he thought it would because he never imagined that the bankers would be insane enough to do the things which they have done over the past nine years. They sacrificed everything to delay the day of reckoning. Real yields are now negative, and can never go up again, Q. E. is necessarily forever, and the bankers are caught in a debt-trap. The hyperinflation scenario is now literally unavoidable.

>Do you guys expect in the future for companies to keep gold in their safeboxes and to mail gold around to do international trade?

You do understand that a gold-backed currency would function in quite the same way that fiat currencies do. If the rouble or yuan becomes convertible into gold, it is just as effective for making transfers with. Also look into gold-backed cryptos like Kinesis or GoldMoney, with which you can pay for a cup of coffee with gold and which are far more efficient than the useless Bitcoin.

>What's the replacement for international settlement?

Gold. Because no nation is going to be stupid enough to hoard a currency which is being printed into oblivion.

>>26163208
>>26163336
>>26163429
not all at once :3
the crypto arent competing with bcdc they arent stablecoin, then there is the institution cards, grayscale, paypal you know the song.
san) you cant ban a cypto, there is dex, and there unlikely to do such a move as its too much, even china didnt do it. for monero i can understand tho but im in for the long run and i know that govs wont las long so its a win win in both situations, the legislation for the most big crypto have already been cleared, its only here sadly that there is people trapped in the 2017 fud, sad !

>>26163988
Why is there an Antifa symbol on that nuke?

>>26163897
I'm not sure but I like the idea of a distributed ledger currency backed by gold/silver that nations can only enter into once some form of audit has been done of their reserves. The system just needs transparency, but I do think that is a lot to ask for from the scum ruling class.

>>26163988
Underaged robinhood zoomer detected.

>>26164061
Derivatives without a clearinghouse currency?
How do you think banking and international trading works? Probably wasting my time replying to a retard like you. Bet you don't even have a job.

>>26164113
reddit moment
muh 2017 fud coming from a December 2020 newfag

>>26149498
grats anon
still waiting for mine to ship

>>26164224
Not a argument boomer. I'll enjoy watching BLM Commies come for your Ponzi Pension.

>>26164112
>Real yields are now negative
Real yields are negative everywhere in the country except maybe China.

>The hyperinflation scenario
Why does the dollar hyperinflate while all the other fiat currencies don't? So they all hyperinflate at the same time?
Then DXY would stay at the same rate and international trade would continue as usual.

>If the rouble or yuan becomes convertible into gold
Corporations don't want to hold 5 currencies to transact internationally. It's much more efficient with one. The question is figuring out what that one currency will be.

>>26164246
"reddit comment" "muh" is that all you've got ? i made 3 sentences well argumented, you treat me of a redditor but you interact just like an npc, stop now its ridiculous, your comrades are watching

I've got a £20 voucher to use on ebay UK. I want to get some free silver but I don't want to get bullion as I can get it a lot cheaper elsewhere, also junk silver is usually larger/ more expensive lots.

I'm thinking maybe some strange numismatic shit but with low premiums.

>>26149498
Nice weiners

>>26164577
Well I'm glad that you didn't deny being a newfag

>>26164113
They won't need to ban crypto. All they need to do is make the public not want it. Again, I think some form of crypto is the future, but it requires some material backing that everyone agrees on. Central banks (other than my retarded county) all hold gold. I think eventually we will get into a crypto standard, hopefully backed by gold. Bitcoin is beanie babies, pokemon cards and people ebaying their Burning crusade tier 6 hunters all rolled into one.

>>26164144
His comment was on the level of an Antifa response

>White people are all racists we need to kill them all
>Ok What are you going to replace white people with
>Uh down with the system, BLM

>>26164392
See >>26164144

what percent junk silver do i get for bartering?

>>26164575

>Why does the dollar hyperinflate while all the other fiat currencies don't? So they all hyperinflate at the same time?

>Then DXY would stay at the same rate and international trade would continue as usual.

If all the currencies hyperinflate at the same time, it doesn't follow that wages will keep up with them. They don't. If goods and commodities continue to double each year then you are an absolute fool to hold paper instead of gold. That's why Russia now owns more gold than dollars.

Not every currency is going to hyperinflate, only the ones which are backed with U. S. treasuries (dollars) instead of gold. The Asian nations are preparing to return to gold. Russia's currency is already convertible into gold at a 10:1 ratio. All the production is in Asia. When they dump the hyperinflating dollar, they will demand gold for the fruits of their labour, and you will either give it to them or you will get nothing. The dollar system is a system of slavery which has benefitted America and her Western puppet-states and nobody else. Nobody else wants it. .

>>26164392
See >>26164144

>>26164575
Corporations could hold thousands of different digital derivatives of commodities on computers and never notice a decline in "efficiency".

So far your arguments boil down to "well this is how we've always done it!" While the terrible corruption and malinvestment of the financial system is clear to all but the dumbest normie or parasitic shill benefiting from it. Government control over currency has only ever led to disaster and inefficiencies, and in the modern age there isn't even excuses for it anymore.

Abolish centralized finance. Let the people, bussiness and banks make their own decisions, and live or die by them.

>>26164739
we will all make it, no need to fight each other, the common enemy is the jew

>>26164866
You're absolutely right. I think every state in the US should have it's own currency, wait even better let's have every count\y in every state issue their own currency. Maybe every person should issue their own currency because why the fuck not.

Decentralization! Fuck the state.


Just shut the fuck up idiot.

>>26164810
~40%

>>26164112
This graph is eye-opening. I know inflation is here, and most people are just starting to sense it, but this graph really puts it into perspective. The dollar is becoming, quite literally, trash. Wow, thank you for sharing that.

>>26165031
Still not a argument.

>>26164815

Regarding the tables in your picture, I see that the UK somehow has twice the M2 money supply as the USA. How and why does the UK have such a bloated M2?

>>26164873
I'm not trying to pick a fight, I just don't want to see our crypto brothers get fleeced. I think they are right about the path, just not the final destination. I don't want to see anyone here lose their life savings overnight because they bet on the wrong coin. I seriously believe that all this nonsense tribalism regarding PM vs Crypto is bullshit stirred up by the establishment to keep us from the one thing they fear. Unity.

>>26164773
Lol he won’t answer my question, I guess we have a BLM supporting tranny in our midst

>>26164113
good doujin

>>26165165
he's a fucking retard. I bet everyone talks behind his back and he thinks he's oh so smart.

Done with him.

>>26165165
>>26165225
>Reddit tier faggotry
Le upvote.

>>26165130

The U. K. is in an even worse financial situation than America is. Even less manufacturing, and even more greatly in debt. It funds its enormous welfare state by printing money and selling bonds--that's it. It has almost no real economy to speak of. Only 300 tons of gold to account for a population of 66 million and an enormous money supply. Cf. with e. g. Sweden, which is infinitely more fiscally responsible and which has 120 tons for a population of 10 million. The future of the U. K. is an extremely miserable and depressing one. The wealth of an Empire has been squandered away in only a few generations.

>>26165130
>>26165313

By the way, if you want to learn how the U. K. got to this point, this documentary by MoneyWeek, narrated by the libertarian economist Dominic Frisby, is extremely instructive. It used to have millions of views until it was banned from Youtube. This is a mirror.

https://www.youtube.com/watch?v=og4YhOc2f2w

>>26165313
At least you guys have an economy. Canada's gdp is like 35% real estate. I read somewhere that like 5% of our gdp is bathroom renovations. I'm convinced that when everything falls apart Trudeau will be forced to liquidate crown land since our gold was all sold for foreign currency holdings. Post-nation state my ass.

>>26165276
>uses Antifa symbols
The only redditor here is you

>>26164815
Ok so you think it's going to be a gold backed currency by China.

Problem is I don't think China wants to be a reserve currency, they do everything they can to weaken the Yuan so they can make more exports and sap other countries manufacturing base.

>>26165511
Dam you're stupid. Or a shill. Hard to tell these days.

>>26165492

Despite the fact that it sold all its gold reserves, Canada probably still has a future, because of the mining business. Almost all the mining companies are headquartered in Canada, whether their properties are located abroad or domestically. The Canadian currency might hyperinflate before any other, but Canada can always rebuild its gold reserves and issue a new one. The U. K. cannot compete with Canada, either in its natural resources or its commodity companies. All that we have to offer the world is debt.

>>26165655

No, not simply China but many other countries. For example, I mentioned Russia; and all the -stan countries are hoarding gold as well. China has accumulated 20,000 tons of gold and its citizens have a further 20,000 tons, so it is clearly preparing to go back to gold. For China to issue a gold-backed currency would cause the greatest wealth-transfer in history from West to East. If America couldn't buy things with dollars any more, then it would simply go bust. The only reason why China hasn't pulled the rug out yet is because they collect their debts in USD, and have been hoarding, and continue to hoard gold and commodities in preparation for the day of reckoning. But the USD is losing purchasing power so quickly, and the fiat system is collapsing so rapidly that that day of reckoning may come at any point.

Can someone explain the silver 1min chart on kitco.
Why is does it look like its ascending?

>>26165872
Because it's happening
>>>303487119

>>26165833
You're still going with the narrative that China wants to be a reserve currency. Let me explain why being the world's reserve currency is bad.

Ok so the rest of the world wants you to give them a surplus of your currency so they can trade amongst themselves. So you have to print more than necessary but not for yourself but for the rest of the world because they needs to use it for trade.

The flip side of that is that you essentially get tons of shit for free from other countries in exchange for dollars. Your homegrown manufacturing base can't compete with tons of free shit so you lose them.

China has no desire to be the world's reserve currency, every step they've taken - restricting capital outflows, artificially weakening the Yuan points to that.

>>26165721
>“The Three Arrows (in German known as Drei Pfeile) is a symbol designed in 1931 by Sergei Chackhotin and Carlo Mierendorf for the Iron Front, an anti-Nazi organization associated with the Social Democratic Party of Germany. The symbol quickly gained popularity and in the following decades was used, re-interpreted , re-mixed and employed by a wide range of anti-Nazi, anti-war, socialist, communist and anarchistic movements and organizations. It has been one of the most important and recognizable symbols of antifascist movements worldwide to date.”
You’re not as smart as you think you are marxist scum

>>26165872
>>26165961
>>>/pol/303487119

>>26165160
dont worry i've made my due diligence and will likely sell at x5 max, all the money i have i got it from crypto (from 700 to actual net worth) you understand i cant just leave the bot like that but you will never see me shilling crypto or fuding pm, ive stay polite here cause its the only place full of kind people and good atmosphere. frenchfren~

>>26165998
Yes. Libertarians are against Statists, of which Fascists fall into that category. You're on a Austrian Economics thread. What do you expect?

>>26165978

>You're still going with the narrative that China wants to be a reserve currency.

No, I never said this. Post-fiat, gold will be the decentralized reserve currency of every nation (in other words, it will be money). Post-fiat, your nation will be wealthy insofar as it has saved gold (money). If you don't have gold to spend, then nobody will give you goods and services, and you will be poor. It's that simple.

> Let me explain why being the world's reserve currency is bad.

Being the "world-reserve currency" for America has meant that it could use a printing-press to devour the world's wealth, without expending any labour to acquire it. If being the world's reserve currency was bad, America would not have invaded Gaddafi when he tried to issue his gold dinar, or Saddam when he tried to trade oil for euros. America has spilled so much blood to prop up the dollar precisely because the dollar is so advantageous to it.

https://www.youtube.com/watch?v=GuqZfaj34nc

Who's baking

>>26166146
So if you’re against “Statists” that means you supported the assassination of Gaddafi, since he was an authoritarian ruler. But Gaddafi wanted to create a gold backed currency and the US killed him. You seem to be extremely confused as to where your loyalties lie

>>26165978
https://www.bloomberg.com/news/articles/2021-01-12/russia-s-583-billion-reserves-now-hold-more-gold-than-dollars
>583 billion reserve
>from 3 to 23% gold
>from 40% to 22% dollar
I see a pattern bro.

>>26166184
Yeah choosing to be the world's reserve currency was a mistake. It's advantageous in the beginning but then like a crack addict you have to cling on it because you've debilitated yourself with that and have nothing else.

The USA is hollowed out. It manufactures nothing but ponzi finance. This is the result of being a reserve currency for a century.

>decentralized reserve currency
That's what I think is going to happen. Bitcoin was a precursor to it. It won't be backed by gold and will use something like a blockchain but with a million transactions per second instead of 6.

>>26165313
>>26165389

Thank you very much, and yes I am indeed interested in learning about the financial/fiscal situation in the UK, I was going to ask if you had any links for further info so I appreciate the documentary.

>>26166296
The reason is because Russia got sanctioned up the ass so it stopped using dollars.

>>26166388
Riiiiiight. Not because dollar is both used as a weapon currently, and as toilet paper in the future.

>>26166128
I wish you all the best. See you at the yacht club when we have our post game meetup. WAGMI.

>>26166352

I think the main problem here is that you are still thinking in terms of fiat in relation to a post-fiat world. After the dollar dies, fiat won't be the economic model any more. Nobody will accept fiat. They will only trade their goods and commodities for something of an equivalent intrinsic economic value (i. e. gold, silver). You speak in terms of "printing currency to give it to the rest of the world to trade it amongst themselves," etc., but you do that with fiat, not gold. Fiat is an anomaly which took place only because America pulled the rug out in 1971, and cheated the rest of the world of its gold. After the dollar dies, the world will go back to gold; there will be no "world-reserve currency" any more in the modern sense.

By the way, as the thread is coming to an end now I'd like to apologize if anything which I have said has come across as uncivil or harsh. Thank you for the interesting discussion.

>>26166146
Lolberts are the punching bag of the earth

>>26166437
If I get permanently banned from Domino's pizza I'm going to pawn off Domino gift cards because I'm banned. Why would I increase my store credit?

All fiat is toilet paper. You forget that two years ago nearly every country was trying to devalue their currency faster that the other countries.

>>26166280
>that means you supported the assassination

Stop.

It's none of our business how a country govern it's self. Western countries were built with the Free Market and must return to it. You're making dumb assumptions and strawmanning.

>>26166482
>>26166128


The establishment fears this

>>26166499
I disagree. International trade won't stop because people have to peg themselves to a metal.
Thanks for the discussion as well.
I actually work in the finance field and help do settlements in international clearing contracts. Been thinking about gold but still not quite sure how the replacement system would work.

>>26166296
I wonder how much of that is Venezuelan gold?
>>26166352
Crypto is the next level of keeping the ponzi scheme alive

>>26166513
Didn't a billionaire just send a bunch of populists to their doom, of which one got shot in the throat and many which are going to jail?

You're expendable to them. As delusional as Commies that they'll get to be the central planners, and not one of the many meat waves they send into a bunch of bullets.