/biz/ - Business & Finance

>>27152162
Buying 100 oz bar next week as long as my stocks dont crash, doing my part

>>27152162
Oh JM bullion a small time supplier is out of its warehouse?

Irrelevant

Buy paper silver morons

>>27152324
buying 50 1 kilo coins just to fuck with everyone

bought several 10 oz bars, holding for end of world

>>27152162
Here we go

>>27152162
you tell me

https://youtu.be/IaDt9T7BF38
Mandatory viewing

>>27152354
based anon, he knows paper silver will never run out no matter how much we buy

>>27152162
scottsdale silver, fidelitrade, kitco bulk, or good delivery from cme

$AG
>$AG
$AG
>$AG
$AG
>$AG

>>27152907
(((you))) are really exposing yourself

>>27153546
its a joke frendo

All my money is already in phys silver and mining stocks, see you on the other side gents

Me like shiny metal

>>27152354
post nose

For people new to silver:

The bankers use a derivatives market called the COMEX to manipulate the price of silver. 500 digital ounces of silver are traded back and forth for every real ounce held in the vaults. Equivalent to fractional reserve banking. The banks heavily short silver there. So much so that they would go bankrupt if the physical was taken delivery of. The regulators said when first setting up silver-trading on the COMEX in the 70s that the purpose was to scare off the average investor with suppression and volatility. Don’t let them beat you. Adjusted for inflation, silver should be $966 (ShadowStats).

Learn about suppression from

Bart Chilton's death-bed confession to Chris Marcus (Chilton was commissioner at the CFTC)

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

Eric Sprott's friend Craig Hemke

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

Andrew Maguire, a famous whistleblower

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

Rob Kientz, an auditor

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

See also JP Morgan's 1 billion dollar fine which they recently paid.

This article about the Hunt Brothers, "Hunt for Silver," is also a must-read: https://s3.amazonaws.com/camppictures/CampArchive/Economy/Hunt%20For%20Silver.pdf They were cheated by the bankers just like the GME short-squeezers today.

If you buy silver, only buy either physical coins or if you do go with ETFs, PSLV. DO NOT buy SLV.

PSLV: Run by billionaire silver-bull and banker-killer Eric Sprott, fully audited and backed, with a delivery mechanism at 10,000 ounces for anybody

SLV: No proven metal, run by JP Morgan, only a few big banks have access, delivery for 500,000 ounces only, can pay you out in cash in case of a default

If you can't buy PSLV (just now banned on Robinhood) then buy AG, First Majestic Silver. It's the next GME. Support the squeeze on this company which has a 30% short-float. The bankers are trying to punish CEO Keith Neumeyer, who is refusing to supply the COMEX.

>>27153461
RH isn’t letting you buy same with the other major silver mining companies

>>27153461
>picrel

>>27154425
I have my own broker, never been on RH (t. South african fag) they apparently restricted buying of silver due to the hype its started garnering, if I were you I would look for a more reputable broker.

>>27152907
https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/
cept it wont. we know what happens when people start asking for delivery. we discovery the true price of silver without (((derivatives))) holding it down

>>27152162
We ARE doing it, but that notice was there before this GME shit started. Since the beginning of January all the major bullion dealers have been experiencing delays due to increased orders, whether they put a notice up or not.

Silver is now getting difficult to purchase. I cant find anywhere to up my stack now

OKKKKKKKKKKKK found a 1 kg Australian Silver Lunar Ox Coin looks cool af

We are. Check this bad boy out.

>>27156318
thats a big man

>>27152162
if we all just buy like 10-100oz we can do this. no reason not to. silver is a very safe store of money anyway

Man this is crazy. I literally offloaded THOUSANDS of physical ounces at a miniscule profit just last week. Still have 4/5ths of my stack tho, so God bless you glorious bastards

>>27156318
WHAT!!! Geiger makes 100 oz bricks!!! I have a Geiger 5 kilo rod lmfao probably the dumbest most expensive thing I own

>>27152162
Going to load up on PSLV Monday morning, already have a sizeable physical silver stack

>>27154425
What in the actual fuck is this dogshit

>>27158166
they know

>>27154425
>still using RH

We know which platforms are stockblocking and which aren't. There is no, I repeat, no fucking excuse for still being there.

>>27153461
LET'S GO YOU FUCKS PUMP MY BAGS I LOST SO MUCH FOLLOWING 4CHAN IN THE PAST

>>27155455
^^^This. For the new fags just getting into PMs, the delays are getting longer and longer for physical deliveries. At first they blamed the post office, but the delay between purchasing and shipping for my last order was nearly a week - and that has nothing to do with the post office Last year the price finally decoupled from what the (((market))) said silver was worth versus how much you actually had to pay to get it. Since the beginning of this year, it seems shortages are finally catching up to what the (((spot price))) says that it's worth.

>>27152162
That message has been there at least 2 weeks now, has nothing to do with us or reddit

>>27156882
Very nice stack, breh. It's rustling my jimmy.

Already at 145oz, my friends. Catch up.

>this entire thread

>>27152162
I bought 15 oz of coins yesterday, what am I in for? Don't be too harsh, first time shiny rocks buyer

>>27160135
Not much. You need a 100z to make it.

it's not gonna moon goyim why don't you go to /gif/ and fap to cuck porn instead of fucking with my market

>>27152354
why. all they'll do is print more coupons.

>>27153940
Good cover.

You should go long silver because silver is historically cheap and a solid investment. Buy physical not paper.

>>27152162
yes ordered a 250 gram bar today

>>27156882
Man sell blood or sperm if you need money.

>>27158831
Well taking advice from here is always a bad idea... Unless it's about buying physical silver because that is alway good advice

>>27152162
>Buying literal bags this time
Ew

Buy SLV, not PSLV. PSLV is run by a paranoid goldbug, anti-lockdown protestor and Ron Paul supporter called Eric Sprott. It was just delisted from Robinhood. SLV is run by and for reputable banking establishments like JP Morgan and Goldman Sachs. I also recommend the Perth Mint ETF which was just renamed the Goldman Physical Gold ETF.

>>27154425
i think this is because RH isnt liquid and are about to shit the bed

>>27160847
Thank you sir. i will buy SLV next week.

>>27160653
>Man sell blood or sperm if you need money.
Fuck that. Sell drugs.

>>27160847
>SLV is run by and for reputable banking establishments like JP Morgan
>JP Morgan
The same people suppressing the price of silver for their own gain, nice try

>>27160847
>JP Morgan
Fuck off shill

>>27160847
>>27160938

>samefag

they really are clueless aren't they?

>>27154425
Is RH a bucket shop?

>>27160847
I also heard Eric Sprott is an anti smite. Eww that’s gross stay away from his funds.

>>27152162
Put my all into silver & miners last summer. Currently at 60k deep

What's a good price to dca in you faggots

>>27152162
ordered 15 ounces yesterday
remember to buy shooting iron and lead, silver isn't the only important metal

>>27154425
What's happening is basically Robinhood can't afford to pay investors if trades go too well if the other side of the trade goes bust.
So Melvin and other shorts go bust, they can't pay the GME holders their infinity $, now it falls on the clearing house (RH) to make good on the trade.
RH needed to do this to not become insolvent and go under, not sure how big the ripple effects would be from this but it's possible it could take out the entire market.

isn't silver severely overpriced?

>>27160985
First blood and sperm then use to buy drugs to sell. Classic ecconmics at work.

>>27162024
To add why this affects $AG and other stocks, does this mean the shorts on $AG are getting margin called and they keep upping the margin requirements? And this would in turn up RH's margin requirements to cover the trade if it goes poorly for the big boy shorts?
Are we about to get Lehman'd here or what?

>>27162332
>Are we about to get Lehman'd here or what?
Yeah, pretty much. The 2021 financial collapse will be blamed on short sellers and redditors but that will only have been the straw that broke the camel's back. The entire financial system has been a house of cards for ages.

>>27153461
THIS

Are they gonna be out of stock/expensive monday? I want to cash out on my stonks and use that to buy silver

>>27162569
They won't immediately go out of stock on Monday, but the price may go up another dollar or two. This squeeze, if successful, is going to take weeks to months to fully execute. You still have time.

>>27160847
I would not buy silver from a radical inssurectionist racist antisemite, I want to buy silver from a reputable banking establishment like Goldman or Silverman or other names that inspire confidence.

I trust that the Greenbergs, Silvermans, Rothbergsteins, and Steinblatts in the world are honest and upright gentlemen that will always keep my best interests at heart. Moreover it is so much more convenient to hold silver as a note in a JP Morgan account than as a "bar" stashed under your mattress.

What happens to your silver if there's a fire or a flood? One burst pipe and your silver is gone! But with JP Morgan, you are sure that your virtual silver is virtually free from risk.

I ordered 10oz on friday to add to my humble stack. I'll have 30oz when it is delivered.

>>27162024
RH isnt a clearing house

just ordered 100oz. told my brother about the squeeze and he's gonna try to stack 1K oz. we can do this.

>>27162810
It isn't?

you schizos are pissing your money away on fucking metal
why?

>>27152162
ive got 1000 ounzes and ordere 300 more today
doing my part frens

>>27163201
CAD is going to be toxic waste soon, that's why.

>>27163201
Gains.

>>27152162
I don't see why not. Possibly the most heavily suppressed stock - ever - and also for something with permanent intrinsic value. It's more like buying silver is never NOT a good idea. This may actually be "The Play" if you like.

It could even work to, but only IF you demand physical shipment.

>>27163201
because that will always have more value than your internet fake money

>>27152354
Kike disinformation agent

Apparently no one listened to my comments in all the other threads.

>Are you trying to short squeeze SLV?
You can't redeem SLV for delivery unless you own 500,000 OZ

>But buying physical silver will impact SLV
There is no leverage, they don't need to provide physical silver on the SLV short

>What about PSLV?
You can redeem that for delivery but there isn't the same short interest on PSLV

The only way this works is if you get a bunch of people to combine their SLV and try to redeem the 500,000 oz.

Source: https://news.coinupdate.com/asian-buyers-redeeming-physical-silver-from-slv-exchange-traded-fund-0685/

>>27163994

>The only way this works is if you get a bunch of people to combine their SLV and try to redeem the 500,000 oz.

You can't redeem SLV unless you're a big bank. Waste of time.

>>27152162
old trick to get normies buy to say that they are low in stock. what kind of retard buys physical silver when it's a sport market pair

>>27163994
They would never, ever let anyone redeem that. It would instantly expose the fraud.

>>27161540
seems like it combined with taking in data to front run their product, i mean, "clients."

>>27162738
>One burst pipe and your silver is gone!
M-my Lord Goldstein, are you saying water ruins silver?

>>27162302
on what fucking planet? should be roughly 1/15 th of gold, so over $100.

>>27162738
Hi Schlomo

>>27163412
What the fuck? Is that all from Trudeau sending out gibs?

>>27163994
Unless you have north of a quarter million bucks in PSLV right fucking now, you can't redeem it either. There does not appear to be an easy way to squeeze the silver market apart from every retard buying from retail vendors.

If every retard were to buy up the retail stock then what happens? Legit asking, retard here.

>>27152162
Yes
SilverChads rise up

>>27160653
I was selling for bitcoin

>>27165030

>Unless you have north of a quarter million bucks in PSLV right fucking now, you can't redeem it either.

It doesn't matter, rich people and institutions do and will use PSLV to take delivery. PSLV is redeemable and can be used as a mechanism to drain the COMEX, SLV can't be.

>>27152162
Ordered another tube of Eagles before the small pump. Thinking of grabbing another 5 100g bars and that'll give me my 100oz stack

>>27159585
240 oz here

>>27163412
I have about $200K in high interest savings accounts, best place to put it? I'm looking at rural land, physical silver, crypto, memestonks, anything really

>>27165107
Rich people tend to be risk-averse, and taking physical delivery of a stack of 60 pound silver bars represents a substantial risk. This is why exactly none of the internet billionaires have actually done anything except post sick burns on twitter - they don't want to risk losing what they have.

Imagine a 65 year old "rich person" taking delivery of a million bucks of silver bars. That would be over a ton of physical silver at today's prices. And for what - to try to fuck with his fellow rich people?

No, only retards like us will take physical delivery and we can only take it in small amounts.

>>27165512

Gold, silver, and mining stocks. Every penny which you don't put into hard assets, you are going to lose.

>>27152162
Yes

>>27162569
jmb orders are delayed. same shit happened last year when coronachan started.

>>27165627

People take delivery of PSLV all the time. But even if they didn't, it doesn't matter. PSLV is obliged to keep taking delivery of more and more silver bars from the COMEX so long as people keep buying more and more of the stock. Every silver bar in PSLV is another silver bar which isn't sitting in the COMEX. And unlike SLV the delivery-mechanism of PSLV keeps it accountable, and the whole thing is transparent and fully audited.

>>27165512
>high interest savings accounts
kek, so MAYBE 1%. dump fiat.

>>27165512
Rural land that is otherwise desirable but has shit tier or absent internet. Like somewhere an hour outside a major metro area that is nice but has nothing other than electricity for services.

Starlink Internet combined with permanent work from home is going to change everything.

>>27165776
OK thanks, will look into the auditing mechanism and storage locations.

>>27164981
yes
>>27165512
stocks will melt up but they may not keep up with inflation, if you want to let it ride go for it.
The rest you listed should all be fine choices, things that exist in reality with real value.

Everything on JMBULLION.COM has been sold out for months. Although I did see a price spike once the whole silver buy thing started

Junk coins, yes or no?
.900 specifically, seems like a better deal than newly minted.

Although I'm not sure i can get the same returns from it, but it shouldn't matter is this shit is happening

>>27165627
>>27165776
>>27163994
thanks for putting PSLV on my list. might swap over my SILJ to contribute.

silver is extremly pushed down from the jews

it should have a worth of at least 100 in 2010 when you look at the inflation

the conventional mining of silver will be over between 2023 and 2025

there is a consuption on silver
every electronic shit has silver in it
in every car is 1 ounce in silver and its to expensiv to get the silver out of it when the things are damaged

and we push it right now

there is nothing you can do wrong when you buy some real silver

when the dollar und euro is gone silver ist still here

>>27166039
Junk silver is always good, if you resell you'll probably get spot or slightly below spot, but the premuims are very low to buy and it's divisible.

>>27165850
yeah I know I'm losing ground to inflation, short term plan until I figure it out

>>27165631
I worked in mining for years, they can be hit and miss also, especially with the retarded consultation and environmental approval processes with moving goalposts

>>27166143

SILJ does contribute a little to the cause too because 10% of SILJ is First Majestic. If you want to punish the bankers but stay in miners you could change over to First Majestic. The CEO, Keith Neumeyer, refuses to supply the COMEX, and the bankers are shorting his stock to punish him. It's becoming the next GME.

>>27165512
At this point?
>anything really
Ok joking. Put some of it in commodities and use the rest for when good opportunities come (aka after crashes).
>but the risk of inflation
Thats why you own physical gold and silver.

I’m doing my part!

>>27166261
I dunno about that, I'll have to look into selling it in another country sadly.

>>27166302
gotta admit, that story's pretty sexy. I'll throw a grand at it, and dump GME profits into it after the squeeze

>>27152162
I'M DOING MY PART
ARE YOU, /BIZ/?

>>27166179
>the conventional mining of silver will be over between 2023 and 2025
Explain please

canadianPMX has decent prices still

>>27166179
based germanbro

bought 15oz today, first time buyer. Plan on getting to the 100oz mark within the year. What am I in for, new to any kind of investing and decided to go physical route instead of kike stocks.

>>27167064
thats probably not accurate, there are at least a dozen near term silver projects getting underway around the world right now. We have more silver in the ground to mine, but its growing harder and more expensive digging it up.

>>27167225
silver is not for short term profit but to have something that hold value over a long time. Just keep that in mind, don't expect to gain or loose alot of money with silver.

i have like 5 or 6oz of silver should i buy more? or buy AG?

>>27167617

Buy Palladium my friend

>>27152162
Britfag here - what are other anons opinion on ETFS Physical Silver ETC (PHAG.MI)

"WisdomTree Physical Silver (1673) is designed to offer security holders a simple and cost-efficient way to access the silver market by providing a return equivalent to the movements in the silver spot price less the applicable management fee. 1673 is backed by physical allocated silver held by HSBC Bank plc (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated."

https://uk.finance.yahoo.com/quote/PHAG.MI/

>>27166611


Superb anon

>>27167617
AG

>>27165776
So how do these "units" work? Is this effectively a PSLV token that is backed by a fixed store of silver?

It looks like PSLV issues "units" for sale and at the same time holds some amount of silver, but there is not a fixed relationship between these things since the unit-to-ounce exchange rate fluctuates.

Can anyone tell me which is better Silver Coins or Silver Bars.

>>27168361
Are you buying ~50 ounces? Get coins.
Are you buying ~1000 ounces? Get bars.

>>27168361


Pamp is the Ultimate A e s t h e t i c

I've got a question about selling physical silver- do you get totally fucked by the buyer, like "oh I see it's selling for $34/oz, so we're buying for $30/oz"?

>>27167446
I expect investors in minecraft will make a large sum of money, but you're right about it being a long-term play (potentially). I don't think we're going to unwind the global silver market in 2 weeks

>>27168361
id say coins.... because the metal coins are tax free due to being a accepted form of currency..... with bars im not sure they count as tax free

>>27168652
Yes. Or hawk it to your friends and sell them some

>>27168683


You could with a tweet from Elon about the silver contents of a Tesla Car

>>27168652
Yes, that's how they keep the lights on. It's like buying and selling at a pawn shop, they sell something for $200 and buy it for $100. You buy now and hope that by hodling you can sell it when that doesn't matter because it's appreciated so much.

If you want a zero friction zero cost exchange then you need to be looking at some instant settlement shitcoin.

>>27168683
nah any silversqueeze would take months to have an big impact.
But if now everyone keep buying a bit of silver each month it will change over time drastically

>>27152162
>buying at an ATH
>falling for a silver short scam
>tons of boomers and metalfags can't wait to finally dump their heavy bags that didn't go up in price in 10 years

Come on man, precious metal stop price manipulation is beyond your understanding, they will swat you like a fly. Even if you united 500,000,000 people it would still not be enough, nowhere near close to enough. (((They))) would just print more SLV coupons out of nowhere and dumped it on you. You can't win this game, even if everyone goes full physical silver.

>>27152821
classic. this video explains why many refuse to sell their gamestop stock. it's not about profit anymore. it's about fucking over the banksters.

I have a box of silver coins, bars, etc. my father bought a decade ago because he was certain they would explode in the future. Did they explode yet

>>27152324
Buy 100 1oz coins. Easier to sell
>>27152354
post nose, Kike.

>>27168957
>silver coins cost you $0
>silver coins are now worth >$0
Looks like you made infinite profit %, anon.

>>27169083
so... no...
they have more sentimental value anyway...

>>27168652

You're holding until $1000. Does it really matter?

>buying silver this high
>Obviously shilling it so Reddit normies buy up

Keep up the good work everyone
It's thanks to you I will 2x by shorting silver

>>27168957
Well they did almost double in price since then so I'd say nah not an explosion but at least a grumble

>>27168911
Sounds like a scam tbqh

>>27162302
historically silver is 1/20th of gold. currently it's price has it 1/70 of gold. at the peak of the bull run we're currently in we will see silver get closer to the historical average.

>>27169254
>shorting silver in this kind of market
enjoy the poorhouse lol

>>27169288
doood, what??

>>27168957
Ur father bought the shill wave
Pic related is what silver did a decade ago

>>27169251

I'm holding to 5k anon

>>27165512
Bitcoin dude. Just buy bitcoin

>>27169387
I think truthfully he bought most if it around 6-7 years ago but yes he may have been swindled.

>>27169296
>historically silver is 1/20th of gold.
not since the electronics boom

#silversqueeze is trending on twitter. the masses are waking up. IT'S HAPPENING!

>>27160847
Thanks just bought 100 PSLV

>>27169556


Boomers producing hundreds of thread on GLP
https://www.godlikeproductions.com/forum1/message4697508/pg1


THEY WANT YOU TO EXPLAIN HOW IT WORKS

>>27169212
If you don't want them then just give them to me.

>>27169806
I am genuine when I say they hold sentimental value. Silver was a big deal to him in the last few years of his life and he was always a huge fan of eagles, so I think it would really have to skyrocket for me to sell them. Although I will admit it's tempting to sell them now and put it all on bitcoin instead. If he was still alive I probably would.

>>27169556
fucking sick. I'm basically already all in on PMs, will throw more at it

>>27155455
On Wednesday their delay was 2-3 days. On Friday it changed to 3-5 days.

NO SILVER LIQUIDITY IN LONDON: This “Could Destabilize All Gold & Silver Contracts” As Reddit Silver Short Squeeze Continues

>>27170018
Good point, I didn't even notice the change. Before you know it we'll have 5-7, then 7-10.

>>27168652
Good question. Just had a look at the first gold/silver dealer I found online here in Austria. It's a complete scam. You have to pay 30.50€/oz and get 21.75€/oz.

Is there any better way to sell your silver other than your local pawn shop?

>>27169556
GME is the best thing to happen to silver since 1980

Lets gooooooo

My lovely friends not to distract from Silver at all but do any of you guys own any palladium?

Oh my god. People are going to unironically start buying and clipping coins, aren't they?

We're really at the fucking top.

>>27170276
don't fall for any of the meme metals bro

>>27169289
I don't know if it's a scam per se but it isn't like holding physical. Let's take then at their word:

>PSLV has N ounces of silver in vaults and shit
>PSLV sells M "units" that fluctuate in relation to the amount of silver they have
>You can only cash out if you have 10K ounces equivalent in "units"

So PSLV is sort-of backstopped in that IF you own more than 10K ounce equivalent in "units" you can cash out, but I don't see how the number of "units" is issued or controlled. Are units fixed and are only change when they buy more silver, or do they issue more units as well? Is there a chart of unit-to-ounce ratios over time? There is obviously not a 1:1 ratio since they have a real time conversion chart.

>>27170134
If you buy retail you will always take a haircut at purchase because they need to pay for the building and electricity and for the retard at the register to take your money. Purchasing from the internet has lower overhead but you are never going to buy physical at spot.

>>27156882
Is this the stuff you sold? You just have it sitting out like that...?

>>27170389

Anon did you think Rhodium was a meme metal when it climbed to 14 thousand dollars an ounce?

>>27156882
>has dozens of kilos of silver
>can't afford a table to put it on

Rhodium Spot Price Spot Change

Rhodium Price per Ounce $19,500.00 0.00
Rhodium Price per Gram $626.94 0.00
Rhodium Price per Kilo $626,939.56 0.00

>>27170366
Fun fact, the ridges on the edges of coins were invented to stop (((coin clippers))). What does make sense is that if you are buying physical and you are buying coins without ridges or are buying shady looking bars that you at least bring along a cheap drug scale to make sure you're getting the right weight.

>>27170606

The richest man's jumper often has holes in it

>>27170672

As of 2019 it is estimated that there is approximately 757 thousand ounces of rhodium globally. In recent years, the lowest rhodium supply occurred in 2014 when there were just 617 thousand ounces available. Rhodium is considered one of the rarest and most valuable metals in the world.

____

In 2018, the global supply of palladium reached around nine million ounces. Palladium is often used as a part of catalytic converters which is involved in the conversion of the harmful substances in automotive exhaust into less harmful substances.

David Brady
@GlobalProTrader
·
2h
Let me repeat this. I admire what the WSB guys are trying to do. I want higher prices too, far higher. I just don't believe squeezing shorts in the futures market is the way to go. Whereas draining the markets of physical metals... that almost broke the Comex back in March. RocketRocket

Operation

DRAIN THE MARKETS OF PHYSICAL SILVER

What is this bar? I think it’s at least mostly silver, very heavy compared to the coins. Can’t find anything in google

>>27170606
>buying furniture instead of stacking silver
For the price of that table you could have purchased more silver. The silver doesn't care that it isn't on a nice table, but you should care that you spent your silver money buying literal wood instead of silver.

When the price of silver is so high, who's going to buy it?

Remember to drain the markets of physical metals

that almost broke comex in March

>>27171371

Military Industrial Complex, Telecommunications Industry, Aeronautics Industry, The Solar Industry, The Medical Industry

for starters

>>27171371
the price of silver only goes up because people are buying it, dummy

>>27170253
I'm expecting big things out of this company. We have discussed them more than any other mining company in the PMG threads. The potential is vast, but there is risk. Hoping for the best. Good luck to you.

>>27171478
Right, there's always a market for silver, what does telecommunications use it for? and the medical industry?
>>27171527
What happens if people start selling, and I hold? I lose out right?

Silverchad #31337 reporting for duty

>>27154342
Doesn't China control the biggest mining operation in the world? If that's the case, can't they controll the price?

>>27171629

I'm holding to 5k an Oz anon

>>27165631
>>27166296
I don't think he means lose to inflation. I think he means lose to a collapse of the banking sector. FDIC is irrelevant in a situation like that.

>>27171837

For Gold anon

Mexico is the biggest Silver Mine

>>27171708
We out here

>>27154342
PMG newfag here, is gold also shorted like this or is it mostly silver

>>27171629
Electronics of all kinds uses silver for high current conductive items such as switch and relay contacts. See pic related.

>>27171708
Hmmm, so you aren't physically holding these items? How does this work, are these being stored and sequestered for you, or...?

>>27165512

Anon create a Portfolio of

Gold
Silver
Platinum
Palladium
Gallium
Cooper

rare ancient coins

Ordered a roll of eagles because the ones at the coin shop werent cheaper.

I have about ,200oz already

Silver...

Nothing conducts electricity as well.
Nothing reflects light as well.
No virus, germs, or bacteria can live on silver.

It's a miracle metal!

Napkin math says silver is 17 to 1 undervalued.
>>27168683
Ten years would be with it.

>>27169254
>shorting PM in a PM bullmarket
Pls post your losses for us to masturbate too

>>27172073


Got my first copper coin today :*) a unicorn

So I'm gonna buy silver buillion from the store, how do I sell it afterwards? can I sell it online?

>>27164224
the equivalent of bag holders that's who

>>27172425
Online, at a pawn shop, at a coin shop

>>27152324
>>27152162
bought 100 today with money I pulled out of robinhood.

>>27171243
bro thats lead

>>27172570
Yeah was thinking it might be, but wasn’t sure. I’ll check his soft it is

>>27172646
Just a hunch, I'm not sure myself but it certainly seems like it at first glance.

>>27165776
This. It matters little whether you will personally redeem PSLV, what matters is that PSLV 100% will buy silver to back investment put into it, and that is all that is necessary to break the COMEX.

>>27167074
They over charge like 7 dollars per Oz, the coin is 5 dollars in currency so if silver crashes you will still have paid more than the lowest value of the coin.

>>27171243
Lick it and report back how it tastes

Just bought a Kilo of copper lads

because why the fuck not

>>27170366
>YARR HARR!
>PIECES OF EIGHT, MATEY!
This is the future we're heading to

>>27152324
Good luck finding a 100oz bar for sale. They are sold out everywhere.

>>27152162
I'm gonna have to take down all my silver pieces on ebay if you all do this.

>>27171282
Lmao.

>>27152162
https://findbullionprices.com/

>>27173029
https://sdbullion.com/100-oz-generic-silver-bullion-bars
wow that was hard

>>27152162
>needs validation to buy physical silver

>>27168304
Yes, it's effectively a token. The trick to metal ETFs is that they take their operational fees out of the stock. This means that each unit is worth progressively less real metal over time. This is the main reason why 1 share isn't the same price as 1oz, and the spread will become larger over time.

This doesn't mean they aren't a good idea, I own lots of PSLV, but it does mean you should buy them in the right amount, for the right reason, and hold for the right amount of time.

Monumentmetals is having a sale on Kruggerands and Britannia coins this weekend, I personally love the design of the Britannia coins

>>27173620

I have one on my desk right now :)

>>27152162
Are you even buying silver if you're not buying 100oz? I mean 1oz is nothing.

>>27168304

The disparity between units and the number of bars in the vault is how you cause a COMEX default. PSLV has to keep taking delivery on the COMEX to match the number of people who are buying its stock.

>>27173620
I appreciate how they got the artist for fiat coins over here to do all sorts of crazy shit for silver coins.
Some of those queen's beasts are fucking legendary and I wish the "normal" currency was this cool

>>27169540
Interesting right, we've found more use cases for silver in EV, Robotics and screens but the price of it hasn't gone up while mining output has stayed roughly the same

I actually like silver and you people are gonna drive the price up like fuck.

>>27174114
BUY A LOT BEFORE IT GOES UP BRO.

>>27168933
if everyone bought physical silver, it would indeed be over full stop. Full game stop you might say

>>27170606
The money from that table could be used to buy more silver anon

>>27172215
>makes weed plants generate feminized seeds
>turn you into an immortal smurf

Colloidal silver is a Miracle!

What are the odds that online brokerages follow Robinhood's lead with GME and forcibly sell PSLV and AG from investors' accounts?

>>27152162
Already well stocked. I would thank you if you do.

Literally bought some AG today

>>27174487
Markets aren’t open. How are you buying?

>>27152907
Kek

And to think about the two other retards who didnt get the joke

>>27174555
Physical Silver

>>27173620
They are having a sale in physical?
But I thought there was a shortage
I thought we are going to the moon with Elon
I was promised a lambo and 6 condos

>>27173618
That's only true if they never buy more bullion and the price of bullion never goes up. Do they ever buy moar bars?

>>27173958
PSLV can't easily "default" because of the 10K ounce delivery floor and the token-to-ounce ratio. It isn't like they are issuing straight fiat, it's just that the ratio of their units to physical can (apparently) be whatever the fuck they want.

>>27174251
How much physical silver is there out there? What is the total mining output?

>>27172425
You can sell it half price to me when it crashes in 6 months and your rent is due

>>27174114
That's the point

Is it worth buying something like this?

https://www.royalmint.com/invest/bullion/bullion-coins/silver-coins/britannia-2021-1oz-silver-coin/

Or are bars the way to go?

999 or 999.9?

>>27154342
the hunt brothers weren't cheated. it simply turned out that delivery was easier than anybody thought as soon as the price was high enough, which was their own fault. nothing about the utility -- thus the value -- of silver changed during that whole time. no new coinage, no new industry, no new technology. and that's why fundamentals matter.

BOUGHT OUT ALL THE SILVER IN LOCAL COIN STORE, I WAS THE FIRST IN LINE, 5 PPL BEHIND ME LOL, they were pissed, i got a backorder at spot price for more next week lol

I got .999 silver 1oz liberty heads for 32 bucks a pop, about 5 over the current asking price. Should I aim lower? It would be hard too.

>>27162024
uh, no.

>>27174621
B A S E D

>>27174868
Those are good, you pay a little premium on coins but are easier to store imo.

>>27164691
>>27169296
>>27169540
>>27174073
the gold:silver ratio should basically never return to its historical figure. ever. silver was a secondary metal for thousands of years, but after heavy machinery, there are now purpose-built silver mines. we will forever have oodles and oodles of silver available to us, unless we begin asteroid mining and discover that there's lots of gold in them but no silver.

Any my good friends stacking a KG copper ?

>>27152354
utterly based

>>27174698
There is barely enough above ground silver for every person in the western world to possess a single physical oz.

>>27175194
I don't think your statement is correct. There aren't many pure silver mining companies. Certainly not many with large deposits of high grade ounces in the ground. You can search for yourself on CEO.CA.

i'm fully fucking autistic and i started buying in 1oz bars a few months ago and because everything needs to match i only ever the exact same 1oz bars when i get my paycheque

>>27175223
No, the premiums are nuts. If you really really want to stack copper then buying bags of 95% copper pennies close to spot is the way to go, but honestly you should just get fractional silver like pre-1964 dimes.

No. You are just going to dry up the retail market. If you want to squeeze them, you need to be removing bars from the COMEX. If you can't take a bar (1,000 oz), then the next best thing is to buy PSLV, because Eric Sprott will indeed stand and take delivery on your behalf to balance the fund.

>>27152162
Just got mine in the mail.

>>27152162
Give me the run down in trading silver. Is this just like normal stocks. Or is it completely different

>>27152162
When short squeeze is expected to happen, if i buy 5k$ worth of pslv example how much that gonna be worth top of run?

>>27174991
May I please have a response to this statement? Thanks.

>>27175441
> not sorting through pennies from the bank by hand

Ngmi

Many ebay sellers are out.

>>27175441

I got a kilo for 23.30 dollars

pretty happy about it

but now I shall return to silver as you say

>>27162738
>One burst pipe and your silver is gone!

>>27175590
never

>>27152816
>PAMP 1 Kilo Silver
what did bogdanoff mean with this?

>>27160938
>sir
DEH-ZEEG-NATE-UHD-POO-EENG-SDREEDS

>>27174991
the usmint charges distrubutors $2 over spot for ASE's so maybe $5 is fair for those but generic mint rounds imo no $5 way to high $1-2 max over spot unless you really like the rounds

>>27175306
90% of people in the Western world aren't going to do shit except watch cable TV. Here's some shallow research because you're even more retarded than I am.

Mining output = 850M ounces/y: https://www.silverinstitute.org/mine-production/

~20% of that output is into "investment" silver (pic related).

So the investment market is 170M ounces/year of physical silver. This seems do-able for autists to drive the physical market up.

>>27175880

got my first Pamp today anon

it was like entering the vortex

>>27152162
Bought AG and PSLV immediately
Buying physical silver on next paycheck if it hasn't exploded already

>>27175872
So i should just stack more bitcoin instead

Newfag here, think I'm gonna actually go buy physical silver. Coins or bars? Does brand matter? Any good guides for getting into precious metals?

>>27176132
/pmg/ newfaggot

>>27172022
Excellent
>>27172073

Bot all my pm's at apmex. They have a neat portfolio tool..too lazy to make my own spreadsheet. But i hodl them in my chad safe

>>27165776
> fully audited.
This is what you should look for if you aren't willing to store silver yourself (or have idiotic taxes on them like my shithole country in europe). That's why I bought PHAG.

>>27176116
no physical metals paper metals are for retards

>>27156318
that looks classy as fuck

>>27167728
Their terms of service and auditing looked pretty legit. Unlike SLV and friends.

>>27176273
>They have a neat portfolio tool
Hmmm, so if the government pulls another FDR and subpoenas ampex's records, they have a list of everything that you own? I'm only holding a (too small) amount of physical because I can fucking hide it.

>>27176304
>thats why I bought fag

>>27176304
Europoors, Why can’t you arrange with someone from North America to send you silver in the mail to avoid taxes?

>>27176988

because by paying the VAT

we help expose the shorts even more

>>27176865
I actually did buy PHAG because it sounded funny, ngl.

>>27176988
They intercept it in the post office on crossing the border and tax the bars. I have to pay the tax on delivery. The only exception for this is "investment grade gold".
And yes, as the other anon said it, its simple VAT.

>>27176988


Breaking Through the VAT barrier

UK Bullion site sold out bricks o silver

No silver liquidity in London

i's going to destabilise all gold and silver contracts

>>27176304
In the UK coins (not bars) are exempt from capital gains because they're legal tender.

Other option is invest in PHAG through a ISA.

No idea what it's like in mainland eurpoor places.

>>27176812
True they can. But that's what boating accidents are for. "Sorry bro, it's at the bottom of lake minnetonka"

>>27152162
*a bunch more silver is mined and minted because it's not all that scarce in your path*

>>27174868
>https://www.royalmint.com/invest/bullion/bullion-coins/silver-coins/britannia-2021-1oz-silver-coin/

If you want to sell them in the UK coins dont have CGT so youre better off

>>27177320

Anon.

It's more scarce than you could begin to imagine

>>27177297
It's not capital gains, it's VAT. Unfortunately the only exception here for VAT is for gold bars, but not silver. I think each country has their own rules for this stuff.

And I have to pay capital gains on gold too.

>>27167728

This might be what I'm looking for and is similar to PSLV. The problem with PSLV is that I can't hold it in my S&S ISA.

>>27175962

Some sources give the annual supply of silver as only 600 million ounces. I especially believe that figure of a time like this given all the mine shut-downs. So 20% of that figure is closer to 100 million investable ounces. Governments only stockpile 3 weeks' mine supply. 60 ounces of silver put you in the top 1% of holders, as opposed to 30 ounces in the case of gold (so above ground investable silver to gold is only 2:1). Mining ratio only 8:1. GME 140% short, banks silver positions up to 50,000% short. This is the easiest and greatest short squeeze of all time.

LISTEN UP GUYS


Total Silver in the world

3 billion Oz
_

Population of USA
328.2 million

3 billion / 328.2 million = 9.1407678245

____

9 Oz

Makes you wonder if the

600 million Oz owned by JP Morgan is in fact all just Silver Paper...

>>27175590
50k at least.

>>27171243
That's a good metal to put in your well that you use for drinking water. Literally improves your iq

>>27160847
>>27160938
I wonder who could be behind this overt samefagging?

>>27178130

a smell gator who stinks

>>27177695
>everyone spends 300 dollars to crash the financial system

>>27175137
>>27177332

I think I'll start a stack with them. Also going to buy WisdomTree Physical Silver (GBP) as it's similar to PSLV.

>>27152907
Kek

>>27158831
Many luck sir

>>27177677
The real indicators of the supply is of course the spot price. Boomers hodling junk silver and bullion are never ever ever ever going to sell. That shit is buried under a loose brick in the basement.

>>27178107
Turns you blue if you have too much of it though. Need to research how much silver exposure you need for water purification and not permanent disfigurement.

>>27177695
>9 * $27 = not fucking much
Hmmmmmm this silver shorting is starting to make more and more sense

>>27160847
>>27160938

spicy

>>27152162
!!!

>>27177444
The total amount of world silver would only melt down to a piece about the size of a 50m by 50 cube. Not a lot at all

>>27174967
Yeah, I'll take "things that never happened" for 1000.

>>27178428
There is only around 232 grams of silver per person in the world.

I fucking love holding silver
Buy silver it feelllssgud

>>27177695
Even if only retirement fund boomers buy it, we will still look at something like 50 Oz, which they would gladly buy.

Goddamn, this PnD is gonna be great.

>>27178240
>Wisdom Tree Physical Silver
lol

Fuck it I ordered a kg for $1.1k. you better be right this time /biz/

Guys, the price of silver has been about $15 for years. I get that there's a rush now, but what's to stop it from returning to the mean? That's what is holding me back from physical coins and bars now. I won't be able to dump quick enough if we head down from $27. I know there's room for gains in the short term, but holding physical is a long term game. I just don't see high prices long term.

>>27156882
you will be a millionaire

>>27178675
Don't discount the meme factor of a ticker with a funny name.

>>27162748
Based. Get to 33. Thats the magic number. When the bug bites you.
Soon you will the truth.
You will never have enough.

>>27156882
Thats... a lot of shiny metal.

>>27178705
Diversify, faggot. Hold some physical and some PSLV or whatever we settle on that's easily liquidatable. Physical holdings are like a cold wallet for crypto, it isn't for day trading it's for breaking out in case of emergency. The real play here is the short of fake paper silver.