/biz/ - Business & Finance

I keep telling you stubborn fucks SUUFF is a good stock. They have a monopoly on domestic uranium mining. Plus it’s got some hype behind it now that the Redacted TV guy is talking about it. He’s got a good track record.

>>54846064
shut the fuck up nobody gives a shit about your poo CEO microcap. Stop shilling it and enjoy your gains fag

>>54844126
When did he say this?

>>54846064
>monopoly on domestic uranium mining
>17M MC
You have to go back to ceo dot ca.

>>54846153
Buy it sirs. Please do the needful

Osisko Gold Royalties up over 2% premarket. Happy to be strapped to this rocket... Making new ATHs by the day

>>54846630
Also Endeavour Mining released Q1 results today. Clearly beat both revenue and earnings estimates.

>>54846653
Looking forward to seeing WPM's earnings release as well. Should come today. Will probably outperform as well since other high quality majors have set the precedent.

Lagoon bros, our dear friend GV is pumping Rana, look for a 10%-20% gain today

https://twitter.com/TheLastDegree/status/1654115133256265731

Gv thread on BLLG
https://twitter.com/TheLastDegree/status/1654115133256265731

>>54846871
>>54846874
I don't think people are falling for his shit anymore.

>>54846904
BLLG actually seems pretty cheap now, I think GV will move it up quite a bit today. It helps that Rana finally delivered some bonanza in their recent drill results a few days ago

>>54846874
what's he saying on his private twitter? is he selling?

>>54847296
Who know.

Majors are breaking up. Better juniors like Skeena are following suit. Clear signal for longs. Buy the fucking dips guys.

Another thread. Another round of you fucking idiots talking about social media influencers.

Embarrassing.

>>54848476
ignore the retards they are beyond help

Selling almost everything and jumping on NWS producing companies. Don't say I didn't tell you guys

Bros when do we win

>>54849087
godspeed frac sand man. I'll look into those companies sometime. Permian is the last place on US soil where o&g production is increasing significantly in the next few years. Exxon will increase production there by like 40% within five years. On the topic of oil and gas, I'm also interested in quality gas producers in North America. Permian and Montney are the target basins. The natgas arbitrage of global prices vs NA prices will not remain forever so AECO and HH natty benchmarks will likely go up in the medium to long term. Pipeline expansions and builds and LNG facilities will equalize natgas prices. That's a prime reason why I already hold Exxon but I plan to do broader DD on the sector and buy these stocks while natgas is low

>>54849167
?
All of mine are green?

>>54849087
You still favouring source the most? How much you increasing your position by at these levels % wise? I still don't have the balls to pull the trigger after that 2.7x but you obviously know a lot more than I do about it. I wanted to read that fracking pdf you linked last thread but a lot of it went over my dumb monkey head

they are really defending $26 silver

>>54849335
Source is still 52w high
Mammoth and smart sand is not.
I'm putting 2/3 of my pf in sand. Got an order in for them all. Source order set to 5% drop from yesterday in case we have a pull back. $500 orders for smart sand and mammoth just this morning. Takes three days to clear funds so I'll put another 1k burgers in next week and th week after until I'm sitting on $1500-2k on each
Tusk
Smart sand
Source
Select sands

>>54847738
>>54847296
>>54846874


This market has taught me there's no rush. You get punished for positioning early. It's fake, and gay, and fucked.

I'll ride gdx right now until we get breakout and momentum and then I'll scale more into microcaps as we go.
For now I only have must hold posistions. The rest is riding in gdx.

And another salt high, keep on going.
It'll be interesting to see how far this reaches and if it'll actually stay up when it stops climbing.

>>54849700

If the sand markets are still affordable one or two months from now I'll get into them myself.
I've actually been eyeing them for a good while now.
They'll be a really safe bet in this game going forward, especially once the oil markets eventually blow up and there's a rush for more production.

>>54849167
Literally right now

>>54849700
Noted, thanks bro. I'll try to de-retardify myself over the weekend.

Next memeline is 27$ if we break 26.3

>>54850223
>>54850223
starting to think the fuckery with SALT is over and wagmi

>>54850447

If we're lucky it's now free to grow and hopefully they get this damn thing handled this year, so we can throw our money into the next multiplier.
The main reason I got into this was that I expected a relatively quick sale to some big fund or company, but the multitude of delays fucked that up completely.
I do expect this to backtrack a bit though, because this has climbed so quickly.

Once this is sold I can become a sandchad or something.
Oil markets is probably the timely thing to rotate into once this play is done, because it'll still be a while even in the most optimistic time frames.

>>54850681
that looks like when you try to read charts in your dreams

>>54850273
Ask away. Any questions I can't answer we can find out and learn together
Wouldn't it be ironic if this general had spent literally years pouring over drill holes and comparing notes on rare things like PMs, uranium, etc and the biggest gains coming down the pipe comes in the form of the most mined material on the planet ?

HOLY FUCK ITS ACTUALLY HAPPENING, GET IN HERE

>>54850818
WTF BAYHORSE IS FUCKING MOONING

>>54851057
>>54850818
trolling?

>>54850681

pretty sweet day saltfrens

>>54851561
I wonder if the $70 buyout people tossed around happens

>>54851593
lmfao fuck no. Don't drink the kool-aid.

>>54851593
would be nice, I'd happily take a US$7 buyout and a 7bagger

>>54851561

Someone behind the scenes knows something is coming.
This fucker isn't cooling off at all and most importantly the climb isn't being driven by the CRB index, so it's not just some algo trading.
If it pulls same kind of a day tomorrow we know for sure something is up.

It's also possible it's simply repeating the first fractal, because it's following that climb from the bottom fairly accurately.
This fractal is from the very first climb that led to the ATH, so if this were to repeat completely and reach a new high it would look like this.
It fits pretty well into that megaphone pattern.
Though personally I don't believe it will have that kind of a long lull period as last time. It'll probably skip that year of slow climbing and just shoots to the $10-$12 range as it gets bought out, which to me sounds like a pretty reasonable buyout price.
Especially considering the valuation at 4 million tons production a year is 1.5 bil and this is expected to scale to 7-8MT in realistic terms.
On top of that there's the TPR money that's coming and who knows how much that is going to be.

>>54851593
We should be happy if this goes for $10, give or take a bit.
Even going to $15 might be a stretch, even if based on technicals the property has an absolute shitload of more value.

>>54850814
I'm gonna look through the archives at the shit you've already posted that I never got round to, despite watching it in fucking real time. I'll hit you up with any questions as and when they come up.

>Wouldn't it be ironic if this general had spent literally years pouring over drill holes and comparing notes on rare things like PMs, uranium, etc and the biggest gains coming down the pipe comes in the form of the most mined material on the planet ?
Hilarious that SHLE has already outperformed fucking everything ITT since you brought it up in December. It's went 2.7x while everyone's excited to be up like 30% on NFG and others.

>>54851782
based

Still waiting for those WPM results. Should be any moment now.

>>54851826
I didn't have many options. Lots of these oil field services firms are private. Us silica is probably the blue chip but it's so big that's it's almost too big.
So choosing one out of maybe six was pure fucking luck, no different than rolling dice. I bought source because they were at 52w lows in a field that looked pretty fucking consolidated. Likewise discovering the different types of frac sand was learned after I bought. I didn't know shit about sand and personally I hate the shit.
I'm a scuba instructor that hates the beach because of sand. Fuck sand. Pump all that shit in the ground.aybe I won't ever get it in the bed linensl

>>54851956
https://www.wheatonpm.com/news/pressreleases/News-Releases-Details/2023/Wheaton-Precious-Metals-Announces-Solid-Start-to-2023/default.aspx
>estimates: $236.17M revenue; $0.253/s EPS
>results: $214.465M revenue; $0.231/s EPS

slight miss.

>>54851561
Nice Anon just pay attention to the rising price and dropping volume
> bearish divergence

Next earnings results of interest to me are B2Gold, Osisko Gold Royalties, and Sandstorm Gold. All to be released on the 10th, in five days. Just went over OR's preliminary deliveries for Q1 and looks good. Fucking 93% margin and lots of updates for their royalty portfolio. Loads of revenue growth coming up in the next few years. I'm interested in learning about Sandstorm's Horizon Copper situation too, although I don't own shares there right now.

>>54852381
SLCA has been in consolidation for a while now glancing at the lines but yeah no where near as much upside as something as small as source obviously.

>I'm a scuba instructor that hates the beach because of sand. Fuck sand. Pump all that shit in the ground.aybe I won't ever get it in the bed linensl
kek now there's your irony

https://www.youtube.com/watch?v=oFIJB91l73M

New Gary

Goodnight lads

>>54852861
The broader frac sand market has consolidated enormously, unfathomably. They were popping up like dandelions in 2017-18. It's the story of that initial boom and oversaturation that sent most firms to the gutter and forced operators to use shittier sand IBS inbasin sand. Brown. Local. Cheap. But it crushes and blocks the path of o&g flow. Now they know all this shit they're left with zero options but to buy and ship NWS northern white sand, as it's a very inelastic good.
(yes I realize substitutes exist Bob)
We have geos itt. They know why and how sandstone is made and where to find the shit. I'm scouring looking all over the Midwest looking for anybody, any company, that's sitting on or near a NWS heavy area.
>/cmmg/ buys a dozen sections with riparian water rights and mineral rights in northern Arkansas.
>Slowly sell enough sand to build a couple of 80 acre lakes and a half dozen ponds
>Section by section it's transformed into a hunting and fishing property with a water park, drag strip, helicopter pad, and doomsday bunker.
>>54852871
Night broseph. We catch up tomorrow

>>54853060
Good info thanks. I'll try to look into these companies in the weekend. Got lots on the menu right now... Wanted to use a day off for tomorrow but boss said that's not possible. Got to get those taxes done first of all but it's a damn headache.
>>54852871
I never watch these because I don't really care about this dude but good night my good man. I'll also try to get some sleep

>>54852781
Problem with royalty companies is terrible leverage. Gold could rally to 2500 and earnings would go up what, 25% for WPM? big whoop. I want multi baggers, not 25% return.

>>54853255
Great stable companies like these have their place in a portfolio. Royalty cos don't suffer from cost inflation and have insane margins. They have essentially built in growth so if you're looking to hold for multiple years you get rising revenues, earnings and dividends/buybacks. Not to mention their earnings are highly valued by the market. A 30-40x premium to earnings is standard. WPM and FNV probably won't get a lot of growth since they need so much revenue growth to get a proper percentage-based growth, true. But not so for Osisko... Osisko should be a proper multibagger if you give it say five years. Thing's an early version of Franco-Nevada. How's that for a multibagger?

I think the issue people have is just that they lack patience and want quick life-changing moves preferably not later than within twelve months. I have tried staking my portfolio with that in mind these past three years, and while I've made money I haven't multiplied my net worth, far from it. That type of strategy requires timing above all else, and I've learned that I'm not that great a market timer. Juniors still play an important role in my portfolio but I've been trying to shift away from the short term gambling mentality that often makes me lose money, and into a more results-oriented strategy that should provide me with likely returns. So returns above mental satisfaction.

Still looking forward to making good money in Skeena and Artemis for example. Maybe I'll gamble some small amounts in less certain plays too we'll see

>>54853377
Margins doesn't really matter per se. If a company earns a dollar in net profit it is worth the same whether it came at a 1% margin or 100% margin. Big royalty companies earn very few dollars compared to their mkt cap.
Built in growth? I don't know about that. While I haven't looked into these companies really I'm guessing if they stopped doing new deals, revenue would start dropping very soon and keep dropping until 0 at some point. These earnings are based on mines that run out of ore, it is not the Coca Cola company.
I'm not arguing for a gamble like mentality, just saying that you are not going to see amazing returns with these stocks. Back in the day they did well but that is largely because of multiple expansion and less competition for deals back then.

>>54853232
Imagine having bought when everything was tanking in response to the Wu Tang flu

>>54853572
I was sitting on cash then but I didn't know if I'd need it to float through the shutdowns. Turns out I made 2x more money during covid than normal. But I didn't know that then.

also I wouldn't have thought to buy sand. Oil on the other hand was selling FOR FREE!!!

>>54853464
Certainly margins matter. When your net margin is higher you need less of an increase in revenues to get a higher increase in earnings. Net margin = earnings / revenue. Higher margins also means that the business doesn't get fucked in the ass if commodities went down for a while. With high margins there is lots of room to go down. Low margins of course offer more upside when the market is favorable because it matters a lot for an unprofitable company's valuation to suddenly turn profitable.

>Built in growth? I don't know about that. While I haven't looked into these companies really I'm guessing if they stopped doing new deals, revenue would start dropping very soon and keep dropping until 0 at some point.
You are guessing wrong. You're utterly mistaken my brother! These companies have made dozens, sometimes hundreds of royalty deals, many of them during sector lows at cheap prices. Most of these royalties are in either the exploration or the development phase. Some of them are in an advanced stage nearing first production. Osisko has:
>large royalties on Canadian Malartic which Agnico Eagle is ramping up aggressively for at least the next five years and which is likely to produce +1Moz Au a year for literally decades to come
>royalties on Lamaque, being ramped up by Eldorado Gold
>roalties on Casino which is being developed by Rio Tinto and Western Copper
>royalties on Cariboo and Tintic, being developed by Osisko Development
>royalties on Windfall, soon to begin production
>royalties on Tocatinzinho, will begin production in Q1 2024
>royalties on the massive new lithium discoveries being explored by PMET and BRW (totally surprised even OR's management but that's part and parcel of owning royalties... you get free upside like that)
>many more

I've tried telling you before that these companies literally get free growth but you just seem to persist in assuming otherwise despite evidence to the contrary. If this doesn't convince you I don't know what will

>>54850818
>just need a 7x to break even

>>54853464
>Margins doesn't really matter

>>54853756
In hindsight, I feel like bayhorse may not have been quite the once-in-a-lifetime bonanza investment opportunity it was touted as.

>>54853464
>>54853695
Just to drive in the point a bit further, this is from OR's asset handbook 2022:

>The portfolio provides exposure to over 175 royalties and streams, including over 20 producing assets which underpin Osisko’s 2022 guidance of 90,000 to 95,000 gold equivalent ounces (“GEOs”) at a 93% cash margin. To this solid foundation, significant internal growth is expected over the coming years, demonstrated by the recently announced five-year outlook which reaches 130,000 to 140,000 GEOs in 2026.

What's that? Oh right, it's FREE FUCKING GROWTH!!! Fucking A could it be spelled out any more clearly here?!

>>54853678
I feel that. I was sitting on paper waiting patiently for blood in the streets to buy as well. But I didn't think of it as that because it was so very convoluted and I was weak and timid. We may get another chance but if it comes around again I'm just buying physical. I don't even think about it cuz it just sits in the safe

>>54853850
I agree, physical seems like an easy gain when stuff crashes like that. If it does again. We've both seen some market crashes but nothing like that exactly that I remember.

>>54853695
>When your net margin is higher you need less of an increase in revenues to get a higher increase in earnings.
In absolute terms, obviously. But not in relative terms, both with a 10% margin and 100% margin you will get the same net profit increase with the same percentage gain in revenues. Royalty companies are paying big bucks for those revenues obv. Royalties or streams are much like bonds, you could also say interest payments are 100% margin.
Like you allude to all the high margin means is that you get less volatility, less downside and less upside.
>You are guessing wrong.
Having royalties in the pipeline doesn't mean revenues will necessarily go up moving forward, because they probably have cash flowing royalties nearing the end of their lives as well.
>free growth
How is it free when they were paid for. Also priced into the stock. WPM trades at 36 times earnings, that's rather steep imo.

>>54853859
Right. I bought a 500 burger bag of pre 64 Washington quarters for 67xx burgers and now they're selling for over 14k burgers.

>>54853827
Not free though and probably priced in. At least every investor knows about it.

>>54853894
Nice one!
I bought coin collections off dead boomers all through 20 and 21. I still haven't sold most of the haul, but so far it's been an easy 2x or so on everything I have sold.

>>54853888
>margins
Right now there are many miners that have negative margins despite the prevailing gold price. They may need a massive increase in revenue in order to attain a profitable margin (economy of scale) so they can finally begin posting net profits. Or they may not become profitable even then. When your margins are fantastic most of the revenue goes into the earnings to begin with. It's the unprofitable or low margin dreadfuls that therefore suffer if underlying factors like commodity prices or revenues suffer... But then again as I pointed out those benefit the most when the market does well.
>Royalty companies are paying big bucks for those revenues
not really. Maybe they paid a lot back when gold was like $1,600 or whatever. Very cheap from our current perspective though
>high margin means is that you get less volatility, less downside
Yes
>and less upside
Not a factor of margins. This is true for WPM or FNV but OR has great growth lined up as previously mentioned. ~50% revenue GEO sales growth coming up in about three years, that means 50% revenue growth if underlying factors remain static
>Having royalties in the pipeline doesn't mean revenues will necessarily go up moving forward, because they probably have cash flowing royalties nearing the end of their lives
True, but they will because the growth easily outpaces depletion. Don't take my word for it though, go and witness the truth yourself. It's all public information.
>How is it free
What they paid for many years ago has today been overshadowed by gold price appreciation and the project development that has been going on. See: the surprise lithium bonanzas at Brunswick. OR didn't even fathom that those pegmatites had any value to begin with, nobody did
>Also priced in
Classic cope lmao. Patience. You will see, give it a few years. The market isn't efficient but it tries its best. The way to go is to have more patience than most of the market.

>our jew

>>54854253
>picture of screen
based retard

>>54854059
>Not a factor of margins
Lol. It's as much as a factor as "less downside". But obviously it all depends on valuation, if it was trading at 10x the current price, downside would be huge because it was overvalued and vice versa at 1/10th current price.
In reality these companies are priced very highly which leaves little upside as their earnings are very predictable. It's like you're arguing that a 10 year bond yielding 3% is going to be a multibagger.

>>54854319
How does high margin mean that there is less upside? If your revenue growth is 50% in three years, the margin doesn't matter. That's still a 50% increase in earnings. You pointed that out yourself! What you really mean is that with high margins you get less MARGIN growth from a rising gold price, I assume.
>valuation
Are you trying to tell me that the market is always just absolutely perfectly pricing in any and all growth again? If that was true, why have WPM and FNV for example performed so well over the years? Why do stocks go up and down if the market is so perfect at pricing everything in? Even current valuations on a P/E basis aren't totally trustworthy because P/E is a backward looking indicator. Hence, oil companies still have extremely low P/E ratios... despite their earnings suffering lots in the past two quarters. You need to ask yourself: what is the market pricing in -- and what is it NOT pricing in? I wager that the market is NOT pricing in a 50% growth in three years (and more growth to come after that) with regard to OR. And when in three years the price has respondes to this increase in revenue and earnings you'll once again say: "oh it's all just priced in, see the price went up!"

>>54850818
Gram is the backdoor man to getting rich

>>54854438
Never said the market is perfect, but it's not retarded either. That's why in general a 93% margin company is going to have low upside because net income is predictable and stable. The market knows about all their royalties and streams and values them highly (very high P/E). What would make the stock go up by a lot then? multiple expansion is unlikely as it's already so highly priced. Surprises to their current assets (new large discoveries) is unlikely as they are diversified. New acquisitions are not going to create massive value relative to their book as there is a lot of competition. A rising gold price only affects net profit linearly for the most part, plus the potential benefit of longer mine lives. The leverage is miniscule compared to owning a producer that doubles their profit and adds significant mine life by gold moving up 10-15%. Or a developer valued at $10/oz in the ground.

>>54854548
The market "knows" almost everything but that doesn't mean much. What matters more is what the market is pricing in. You're handwaving that question by shrugging and defaulting to a deterministic idea that surely the market has just priced in all conceivable growth because the company is big. Not so. How forward looking is the market really? And besides, once all that conceivable growth has been reached, new growth is conceived in its place and the market will have to once again try to price all that in.
>The leverage is miniscule compared to owning a producer that doubles their profit and adds significant mine life by gold moving up 10-15%. Or a developer valued at $10/oz in the ground.
You are talking about margin growth, I am talking about revenue growth. Margin growth comes when a company's profitability increases. Revenue growth come from increasing sales. And besides you are glossing over dilution which dampens upside in explorers and developers. Often by more than 50% over time. So once again the discussion turns into value versus speculation (timing). I'm happy to have both in my portfolio. I don't see why others have such a boner for the latter and such an aversion for the former. Is it just gambling addiction?

>>54854640
>Is it just gambling addiction?
most here need a big break to escape misery. Big breaks don't come from stable investments.

You're right about dilution but ignoring sentiment, which in a penny stock can easily account for a 50x gain for no obvious reason.

>>54854640
You're the one handwaving, by claiming the single fact that a company is expected to grow revenues by 50% (which everyone knows about), makes it a good investment. That's about as low level an investment thesis can get.
I'm just stating the simple fact that should be obvious to any investor that a company with a very stable and predictable business is going to see low volatility on both sides.
I'm talking about profit growth, you know the thing any company is ultimately valued on.

>>54854731
>Escape misery
You can't run from your problems. Money won't fix the problem but it might mitigate the consequences

>>54854737
>That's about as low level an investment thesis can get.
even the 'stable' investments by /cmmg/ are so risky most investors simply won't touch them.

>>54854749
I just mean things like living at home or working a job they hate or paying bills they can't afford or being constantly exhausted by work. Financial struggles.

you're right, you can be happy despite that but it's pretty freakin hard to do.

>>54854753
Nah, pretty sure implied volatility is lower for the biggest royalty companies than the average S&P500 company. One can just check their stock price over the past few years, very stable. Royalties just trickle in year after year.

>>54854813
Maybe, but mining in general is viewed as far too volatile for most retirement investors to stomach. Financial advisers make it a point to steer people away from metals and mining.

whether that's good or not depends on the case, but you guys spend far more time studying stocks than the average person ever will.

>>54854731
I get that. I have tried to do that too for three years now. Most here just lost money. I think I'm a bit in the green myself. But that big break never came. Will it come now? Tomorrow? Two weeks...? I will continue speculating (i.e. trying to time the market or taking big risks) but I will incorporate longer term value and quality into my portfolio because I don't think I need to play Double or Quit with my life savings all the time. I don't need to go all in on fucking lottery tickets.
>>54854737
>no u
Sigh. When did I say it will stop at 50% revenue growth? Did I not make it clear that there will be more growth to come that the market will have to price in? Didn't I list a bunch of royalties they have in their portfolio? Many of those will not come online in just three years. I've done my homework believe me. When you look at the Franco-Nevada long term chart you'll get a better idea of what the investment thesis really is for Osisko. Did the market price that in? The royalties are there already. All that remains is just patience. Maybe that is a terrible proposition for you. Maybe you're so good at speculating and beating the market that you'll make a hundred times return in the time frame that I triple my money. And if so, hey good on you mate. More power to you. But I would much rather take a more or less guaranteed triple over a low probability 100x... After all I don't buy lottery tickets either

>>54854864
Huge difference between a large diversified royalty company and even a mid tier producer, let alone a single asset producer or developer/explorer.

>>54854766
Money comes from a printer, if that even. Most money is already numbers on a screen. It's value is an illusion, albeit a violently enforced one like most faith based systems. Money has every tenant of religion and not a single one of currency.
Stop valuing money so much senpai. Focus on increasing your own value and worth. Invest in yourself. Money problems are designed by society to keep you from experiencing fulfillment because you absolutely must generate income to survive in a society.
Take back your power. Accumulate more you

>>54854891
>But that big break never came. Will it come now? Tomorrow? Two weeks...?
It's bound to happen eventually. Just a question of which companies will still be floating when the tsunami hits.
>>54854906
I agree, but most investors don't put the time and effort into learning stuff like that so they're better off staying out of the game entirely.

>>54854938
>It's bound to happen eventually. Just a question of which companies will still be floating when the tsunami hits.
You just justified owning the high quality companies. You made my argument for me. The shittiest of them all might not be floating after all. Many have gone bust or diluted into nothing these past few years.

>>54854928
those aren't my problems, they're problems some here have to deal with whether money is real or not. It has real consequences in a world that believes completely in the stuff.

the biggest problem I see mentioned on /biz/ is getting laid. I firmly believe anyone can find someone to have sex with if they try hard enough, but money sure as hell never hurt any in the search.

>>54854891
>Didn't I list a bunch of royalties they have in their portfolio?
You have provided no analysis for why these are not priced in. In fact you haven't commented on valuation at all, you just claim these companies are undervalued. How many years will it take for these companies to earn their current mkt cap in net profit?

>>54854961
>You just justified owning the high quality companies. You made my argument for me.
sorta. You're not wrong, you're just going at it from a different angle.

your quality companies are going to get slow, basically guaranteed gains. That's useful to some investors. Shitty juniors are mostly going to fail but one or two will make spectacular gains. That's useful for a different sort of investor. Just depends what a person needs from their investments.

>>54854961
basically you invest like a rich man.
not everyone here can afford that.

>>54854963
Agreed on mostly all that. I'm not telling anon not to stack but, rather, finding yourself and doing what you love to do with your life should be enough to find someone to pay you to do that which you would do for free if left to your own devices without want otherwise. Entrepreneurs learn this, as you know, by entering a field they love and giving it a shot or entering a field you despise and hate your job regardless of the pay. I've started several businesses along the way and most of them failed because the front office crap of actually running a business took too much time and joy out of my life. Success is a label. I walked away from remodeling in a booming college town where I was making plenty of money. However me and nearly every inspector in the county didn't see eye to eye. No amount of money gonna make me grovel and plead over dotted i's and crossed t's on a fucking permit or anything else. Fuck em

>>54855074
yes, that's a huge factor
freedom
money can't buy happiness but it can buy a bit of comfortable freedom.

https://m.youtube.com/watch?v=nvmL84sQR9M

I ain't gonna work on Maggie's Farm, no more
No, I ain't gonna work on Maggie's Farm, no more
Well, I wake up in the morning, fold my hands, and pray for rain
I got a head full of ideas, that are drivin' me insane
It's a shame, the way she makes me
Scrub the floor
I ain't gonna work on, nah
I ain't gonna work on Maggie's Farm, no more
I ain't gonna work for Maggie's brother, no more
Nah, I ain't gonna work for Maggie's brother, no more
Well, he hands you a nickel, and he hands you a dime
And he asks you with a grin, if you're havin' a good time
Then he fines you every time
You slam the door
I ain't gonna work for, nah
I ain't gonna work for Maggie's brother, no more
I ain't gonna work for Maggie's pa, no more
No, I ain't gonna work for Maggie's pa, no more
Well, he puts his cigar out in your face just for kicks
His bedroom window it is made out of bricks
The National Guard
Stands around his door
I ain't gonna work for, nah
I ain't gonna work for Maggie's pa, no more
I ain't gonna work for Maggie's ma, no more
No, I ain't gonna work for Maggie's ma, no more
Well, she talks to all the servants about man and God and law
And everybody says, she's the brains behind pa
She's 68, but she says she's 24
I ain't gonna work for, nah
I ain't gonna work for Maggie's ma, no more
I ain't gonna work on Maggie's farm, no more
No, I ain't gonna work on Maggie's farm, no more
Well, I try my best to be just like I am
But everybody wants you to be just like them
They sing while they slave
And they just get bored
I ain't gonna work on, nah
I ain't gonna work on Maggie's farm, no more

>>54854973
>you just claim these companies are undervalued
I didn't say they are undervalued though? The market is giving them a current valuation of 30-40x earnings. That's standard for these kinds of companies. I am saying that the market will adjust prices higher in response to higher earnings in the future.
>How many years will it take for these companies to earn their current mkt cap in net profit?
Take the P/E ratio and factor in future growth in earnings. So about 10-20 years I'd say depending on market conditions. That's the price you pay for free growth kek. And pay that price the market most certainly will.
>>54854992
>>54855030
I'm not rich though. I am working with about $30k or so here. A double would mean a year's labor without living costs included.

Nevada Exploration NGE NVDEF gets ghosted by its driller.
Joke company that tried to use water sampling for locating gold deposits, but always hit dusters.

>>54850818

Fake and gay

>>54855828
>tried to use water sampling for locating gold deposits
It's called panning. You pan moving upstream until you stop finding gold then backtrack. The gold is being rinsed down to the stream from a deposit in the hill above. Not sure the method they used but the 49ers did this and it's still done today by starry eyed prospectors as well as a litany of hopefuls.

>>54855828
I remember Thunderstruck Resources also had a debacle with their driller a few years back. Sure sign of a shitty mining company if they can't even get their drilling contract fulfilled

>>54853572
I didn't know enough about stocks then to buy into anything but if only I had gotten started 3 months sooner I'd literally be sitting on 3 million right now.

>>54854059
All miners are undervalued.

Except snowline gold which is a faggot ass company.

>>54857501
contractors are an enormous pile of shitbirds, they finish like maybe one in a hundred jobs and even then only if you ride their asses all day every day.

t. contractor

< I agree with Don Durrett. There will be at least once more good opprotunity to buy the miners and metals (maybe silver @$20), before year end.

If the S&P makes new lows and the 2010s FAANG madness does not repeat (most likely), then you briefly get something like silver $20, gold $1,800, GDX $27. Buying here is not wise if you already have positions built up, better to raise cash for a few months, it feels overdone right now.

>>54857746
If the fed is going to cover the losses on those 10s then the banks have zero incentive to make good decisions because they're being rewarded for making poor ones. This will drag down the price of metals because they will be risky compared to having your ass wiped with Benjamins for screwing the pooch in the form of propping up the treasury dept as a buyer of 10s as the yield curve inverts cyclically to generate more unrealized losses to be covered by the fed bail outs

>>54857746
welp time to go all in I guess. If twatter gurus think shit is going down, I'm all the more bullish lol

>>54857746
fun fact
dont care
i just keep buying monthly
i cant afford to build up cash for 3-5 months just to see the train leaving and having cash in hand and no tickets

>>54858035
Based tourist

https://www.lewrockwell.com/2023/05/jacob-hornberger/a-malignant-dysfunctional-monetary-system/

>>54845991
Add northstar badcharts and uselink to the list

Nat gas sisters, are you ok?

>>54857727
I agree, every should sell Snowline immediately and take profits.

>t. only 14,000 shares, trying to get to 20,000

>>54858035
extremely based take, fuck swingkek

Yesterday: Its happening
Today: Its over

>>54860156
i learned to sit down during days like yesterday kel

>>54860156
looks like the banking crisis is over and the fake jobs report today worked

We’re winning oilers

I am now #ridinwithbiden. I was on the fence before but this dark brandon meme is just too good. This is the best economy in decades. America is so back

>>54860437
You think the deep state put this retard in office to restore confidence in America? This is a controlled demolition

ruh roh

>>54860156
https://twitter.com/TheLastDegree/status/1654493440032268290

good memeline

>>54857746
https://www.youtube.com/watch?v=5hHaYeq9Npw

Out of the oven

Got a load of shares in an explorer. Came with 1000 options which i wasn't expecting. Expire in 18 months. Need some time reading up about how this shit works. Basically are these things any good, anything i need to watch out for?

>>54862834
Cowboy hats

>>54858035
Bingo! Me.

>>54862834
Been lazy because i don't care about the company, beginners choice and down over 50%. Only bothered buying the offer because another 2000 for 9 quid seemed ok. Could this be a blessing in disguise or not?

>>54862946
Fuck off. Its shit but ive never seen it on here. Liked the land it was on, basically hoped for a buy out if anything decent was dug up

>>54862992
Losing money is always bullish in mining

Ive tried to get better. Sucks to almost certainly loose 9 quid. Lthm, mp, eu and 4u were solid this week. Paid for the mistake. Does any one use the option stuff? is worth learning about

guise, I'm starting to think silver miner anon got Nicola right and they are going to do really well

https://www.youtube.com/watch?v=HB-gxqQzQBg

https://www.youtube.com/watch?v=FIkRscEIT4A

>>54863300
doubled since November, not bad. They restarted the mill last month, we'll have to see if they can cashflow hard and get rid of their debt. High risk high reward play.

Not for me but I can see the case.

>>54863300
A broken clock is right twice a day

>>54863300
>bayhorse was his most likely and top pick
>its the one that is eating shit hardest in the entire space
As far as I can tell, it's dead meat. There is nothing that can be done to save them.

>>54853377
I agree. Royalties don't earn the P but if it looks good defo a place to park profit into

>>54863578
>earn the P
wat mean?

>>54863445
I don't remember all his picks, but Eloro and Vangold were solid, Bayhorse not so much

>>54863415
callinex mines, dolly varden, eloro, vizsla, kondlike, fireweed zinc, vangold...

I can continue a long time, it was more than two good picks but fuckers will keep sticking to his mistake with BHS. One reason I stopped helping people with names and DD, a bunch of ungrateful bastards and liar.

>>54864216
Half of those weren't his picks

>>54864316
Oh now because he didn't mention them before everyone else in the world mean it wasn't his pick right. Especially since no one mentionned them at the time on biz.

As I said, keep spinning the truth, scum will always be scum.

GET IN HERE LAGOONERS

https://www.youtube.com/watch?v=YmQ-66K7dFQ

>>54863817
Sterling yo smarty pants

>>54864744
Blue Lagoon was a Silver miner anon pick as well.

>>54864892
2 years ago there was an anon with something like 500,000 Lagoon shares at an average of .39 US, I hope he is still with us and didn't anhero

>>54865118
I think there were actually two huge Lagoon whales with something like 1% of the company each. One of them sold last year I believe.

i bought salt today. dividend had been piling up into my brokerage account so i spent them on salt

>>54864892
that's not saying much. The guy basically "picked" like half of the whole silver junior sector. And then we get people going "see he was right/wrong!"

>>54865257
He was mostly right because he was picking stocks at the start of a small bull run.

His entire thesis, that junior miners are leveraged plays on metals, can't go below the book value of the ore they own, and are good long term holds,
is deeply flawed for a number of reasons from dishonest management to the simple fact that most of these companies aren't going to get into production, and those that do will probably go bankrupt soon after.

but people are slowly figuring this stuff out on their own, the hard way.

>>54865674

>>54865724
the other reason for his general success was that he was picking silver mining stocks at the start of silver's sustained ATH.

silver has gone higher in the past, but it stayed there for less than an hour in one case and a few days in the other. 2019 marked the beginning of silver's highest sustained prices ever, and small miners were doing well. When the price came back down investors mostly lost interest and miners began to return to their more typical, generally poor outlooks.

If silver goes up again, a lot of those shitty little companies that bleed cash constantly will presumably go up again. Not necessarily because they're leveraged plays on the ore they own, but because investors believe one or two of them might go big at the right price. And they might. Higher sustained prices would certainly help some miners get into production. Though which ones make it and which ones fail is still a crap shoot for the most part as all of them are presenting their rosiest possible outlooks in a bid for investor $$$. Many of them presumably aren't profitable at any silver price, for various reasons this thread often identifies.

>>54864216
>his mistake with BHS
it wasn't a mistake, it was a plan that didn't work out.

BHS had the same flaws back then as it does now, and he was aware of several of those flaws. His goal was to overcome their flaws by joining together and throwing money at the company. That happened for a little while, but needed to not only be sustained, but actually needed to grow quite a bit to reach his goals.
That never happened. Whether it would have worked or not we'll never know. I tend to doubt it because I don't believe they actually have that much silver. But if they had enough ore the idea might have worked with more support. The price would have certainly gone up if he brought in more investors than he already did. So whether the mine was good or not, his idea would've worked fine. Probably gotten him in trouble with the SEC or whatever equivalent governs british stock trading. But it would've worked if done bigger.

BHS appears to be a shit company, and he believed it was solid. But whether it's shit or not had nothing in particular to do with what he was attempting to do with it. Reddit and 4chan are certainly capable of pumping shit companies to the moon, it's about all they do anymore.

>>54866036
This sort of activity- taking a shit stock and all piling in to make the price go up- is normally considered fraud for the person that organizes it.

but silver swore he didn't make money off the thing, and afaik making money is a requirement of P&D fraud, or at least attempting to make money.

and whether he was engaged in fraud or not wouldn't have changed the money other anons made by piling in on the pump. Just like if the Gamestop Short Squeeze lands a couple people in prison, it's not going to negate the millions of dollars other people made or lost.

Silver Miner anon wasn't so much betting on the greatness of bayhorse (though he did think the company was great). He was trying to orchestrate a campaign to raise money for the company and make it great. One of those things he managed to accomplish, as BHS enjoyed a pile of cash from his work. But I suspect no amount of money would have ultimately solved their problems. He didn't know that at the time, and I'm not certain he knows it now.

Not to sound shilly, but this is a pretty cool technology.
https://www.youtube.com/watch?v=vSNtifE0Z2Q

>Nitinol mesh tires
>Shape memory alloys can be super lightweight and durable, also heat transfer by bending
It's nickel and titanium, I think I would go for titanium miners long term over platinum

>>54866152
His biggest "mistake" was confusing the desire to pump the share price with the supposed quality of the company.

He may have had more success if you said the company was crap but we're going to pump it anyways. Then people wouldn't have gotten confused about what he was trying to do.

but then he likely would've ended up arrested.

>>54855828
dam thats bad when even your driller bails on you!
Poor choice of contractor or expediter!
>>54857501
>>54857731
It could be the junior miner fucked on finding a guy to supply stuff. I ve seen drillers take off after that before.

>>54863300
Nicola already has that contract to Tole mill for Osisko Development, i am sure a few more will come along in the near future. Cragmont on the otherhand is not going to be operating anytime soon.

>>54866386
In your expert opinion, is bayhorse 100% dead?

>>54866365
>It could be the junior miner fucked on finding a guy to supply stuff. I ve seen drillers take off after that before.
Yeah, pretty much any time the client fails to live up to their side of the contract we're going to stop work. If they do it a few times we'll walk away. If I'm waiting for the client to do something I'm losing money the whole time.

>>54866280
interesting tech. Always fascinating to learn about new strides like these. Most of them end up shelved for various reasons though. If it's economical and mass-produceable, it can work out on a large scale. If there is widespread demand of course.

>>54866400
probably, they cant raise money, no ones interested in what their selling anymore. To wide of a plan for the scale of the company and their expertise.
>>54866516
yep, bingo. I ve had to call it quits a few times because the guy I was contracted to work for fucked up on simple things like fuel, transportation, basic safety gear etc. I recall one time I got in a lot of trouble on a town trip because the company card I was given to go buy fuel and supplies declined. The project was "on hold" the rest of that summer and I never went back. I never heard from them after that either.

>>54866712
>I ve had to call it quits a few times because the guy I was contracted to work for fucked up on simple things like fuel, transportation, basic safety gear etc.
for me it's usually late payments or no payments. First time they miss a payment I go looking for new work. Seen it too many times to bet money on them getting it right after the first mistake.

Depends on the client though. Most of the companies I work for are majors, and I know they'll pay eventually. As you say, juniors can have money problems.

>>54866712
>>54866918
>Most of the companies I work for are majors, and I know they'll pay eventually.
I was under contract with ASARCO from 2001 to 2005 when they went bankrupt. They paid slow at the end, but even then they worked hard to make sure I got paid in full. I never worked for them after that, but they did fine by me. Only reason I didn't work for them again is because their needs changed after they got sold.

>>54866918
i am usually working for little private outfits, so i ve experienced stupidity a bit more on that front.

>>54867008
Thats a great company to work for, one of my mates who does freelance geophysical work got utterly shafted by Imperial Metals after Mt Polley, he had to take them to court to get anything out of them at that point.

>>54867024
Majors can be a pain too. I had a major once deposit $20k in my account on December 31st for the tax break, but I didn't have any expenses to offset the payment so I ended up owing half that money in taxes. It was some bullshit but it was a million dollar job so I ate the loss and then stopped working for them as soon as the contract was up. Live and learn.
>>54867035
I had the US government stiff me a couple years back for a few thousand. Same deal, my only recourse would have been to take them to court. I just raised my prices for that agency the next time a contract came out to bid. They've paid me back several times over on their next couple jobs.

>>54867133
fyi, the BC gov is going to be handing out bids on around 11 major cleanup projects for old mines and towns affected by mining activities this fall. Nothing in the press yet, but its going to be a mindbogglingly large amount of money, and bidders will be open from across north America, we dont have enough companies capable of doing the work. I ll post the announcement once its up, probably in two weeks, if your interested!

>>54845991
why does their gold sparkle like a fag

>>54867171
Thanks! I won't bid though, I'm all booked up 5 years out right now and I'm more likely to sell the company than try to grow it. I'm getting a bit worn out, looking for retirement strategies.

>>54867189
thought i would point it out either way! its going to be great money to whoever takes it on.

>>54867183
chemical reaction. It's very hot.

>>54867199
Yep, it's pretty easy to make millions in that line of work. It's really niche, but the money is incredible. Biggest problem is the same one miners have. Hard to find good help.

>>54867183
Piss evaporating

>>54867183
in refining we call that the blick.

a blick is a bright sparkle or flash as the metal gives up heat from a concentrated location a bit like lightning flashing through air. In really pure metal the blick is spread out over a few locations. In less pure alloys the blick can be concentrated in one or two locations on the pour and can be a really bright flash. Sometimes it'll pop and spatter if the mix less pure or overheated.

>>54867183
What happens is you have all this heat energy trapped in the center of the pour. It wants to escape at the surface, the only place it can get out. But the surface cools and becomes less conductive to heat. So the heat travels along random lines of purity and impurity between molecules and becomes concentrated into streams of heat energy that then erupt into small springs of heat at the surface. Once a part of the surface heats up, other heat gathers there to escape. Because that spot being hotter sheds heat more efficiently than cooler areas.

so you get tiny parts of the surface that suddenly heat up and then cool. This heat is visible as flashes of light. It's a really cool process, a bit like volcanoes forming on the surface of the Earth. Another example of ergodicity in otherwise brownian and stochastic processes of energy.

Fathom dusters

>>54867305
>>54867390

Based knower.

>>54867390
Kinda like hot wings and jalapeno poppers with a case of Milwaukees best

>>54857313
What a bad bitch. Stupid, but brave as fuck to just shove that bear.

>>54850322
Gorgeous cup. We're definitely breaking higher after how quickly we bounced off support today.

>>54850322
>>54868261
Memelines mean little with how hard they are manipulating shit. I don't think people should base buys and sells with the current battle to keep them contained vs trying to break out.

>>54867199
What's typically the scope of work on these cleanup projects?

>>54868410
Correct strategy is to buy and hold. The math is the math and it's inevitable
Likely imminent as well.

>>54869575
Generally you:

1. Start a testing program to locate contaminated soils and waters, mapping out levels of contamination and also sources
2. engineer a plan to contain or remove contamination at its source
3. engineer a plan to contain and treat contaminated waters and soils downstream
4. get approval for your plans from the feds
5. Bring in construction equipment to build the approved remedies and containments. (Dams, ditches, hauling dirt to a hazardous waste landfill, capping polluted soils, lining retaining ponds and streams, planting native seeds over the whole mess to make it stay in place
6. Erect barriers to keep the public out of polluted areas and off delicate remediations.
7. Continue testing soils and waters forever
8. Continue treating contaminated water forever

in some cases a single contractor will do all or most of this, in others the work is split out between lots of different types of contractor.

>>54868410
the "manipulation" is very short term only. Making big swings in a matter of minutes. These so-called manipulators do not control the market, they're just degens that abuse leverage or spoof to cause short term swings. Spoofing is illegal but it's not the kind of manipulation people allude to when they talk about manipulation.

>>54869629
Word salad , do the opposite of this retard, science is the science

>>54869685
Tyvm

Anons, I know this isn't a stock specific question, but are mining tailings used to extract more minerals?
Are there any companies that specialise in this extraction?

I like the idea of investing in companies that do this as they're (potentially) less damaging to the environment and because the hard work of mining is already complete.

>>54870921
np
>>54871442
yes, but I'm not aware of any publicly traded ones. Usually it's a relatively small operation because any one area is likely to only have a few thousand tons of waste rock. And most of the waste rock was tossed because it's worthless.

there is a company doing this right now in my town, and they're building a new mill and cyanide plant to recover metals. But they're a private company, and not very big.

the main problem they may run into here is the waste piles are historic features important to the tourists and locals. So in the past people have complained about them being hauled off, and even sued to keep them in place.
But the tailings are also private property, and the owners can sell them if they want.
Sorry, I use "tailings" interchangeably with "waste." They're two different things, but I grew up calling the waste piles tailings.

>>54871442
the more usual option is the mine owner just scoops up the tailings and sends them to the mill themselves. Or some contractor leases the mine, and then hauls the tailings off to a toll mill.

>>54871442
for story time, I did this once. I found out a buddy of mine had a small pile of ore at his mine running an ounce a ton gold and a shitload of silver. So I bought the pile off him and hauled it home and processed it.

>>54871603
>>54871624
Thanks for your answers

It sounds like the company you mentioned focuses on precious metal extraction, I can't think of many metals except gold that use cyanide leaching

I was thinking about red mud and all the other hazardous tailings that still have useful components in them.

>>54871678
cyanide dissolves all metals in my area at least. Pan Man will know if I'm wrong, but I think cyanide will dissolve any metal.

My area is a sulfide deposit, so it's full of rotten iron and arsenic and lead and cadmium and manganese and copper and a fair amount of gold and a shitload of silver and zinc.

the only problem with using cyanide on polymetallic ores is that the lower metals tend to precipitate the nobles, so that you can't dissolve gold or silver until all the lead and iron and zinc is pulled out. So it takes longer to get polymetallic ores stripped, but cyanide does work.

>>54871715
e.g., if a company is using cyanide to dissolve gold, and then zinc to precipitate the gold out of solution, they're going to have trouble with ore that contains both zinc and gold because the zinc will drop the gold out of solution.

one way to solve this is just letting cyanide remove the zinc, then running the ore a few more hours to get the gold.

I've mentioned this a couple times now but here is an investment idea in detail for you my commodity frens.

I think it's time to start looking into North American natgas producers. Natty is selling at about $13/boe right now in the Henry Hub. It's even cheaper in Alberta where it's selling for about C$1.8/GJ so about $8/boe. July 2023 AECO futures bottom out at about C$1.3/GJ or about $6/boe... North American gas quite literally doesn't get much cheaper than this. There is new infrastructure in the form of pipelines and LNG export terminals coming online in Western Canada, the USA and Mexico who buys its natgas from NA in the next few years. Improved market access will diminish the large price arbitrage between regional natgas prices globally. LNG is currently selling for $13/mmBtu or $78/boe in Asia; and €32/MWh or $56/boe in Europe. Natural gas is also cheap relative to oil right now, and long term price charts show that natty (HH) rarely stays below $2/mmBtu for long, usually going up from prices like that for about two years and surpassing oil in relative pricing, before beginning to come down again.

Certainly a recession will affect energy demand negatively in the short term so I wouldn't be surprised to see both oil and natgas going down even more in the short term. But the fact is that the past 20 years North American gas hasn't stayed this cheap for long, and improved market access will likely contract price arbitrages between regional NA markets and other markets globally. Which is why I am going to begin researching NA natty producers in earnest this weekend. I'm not looking for penny dreadfuls that cannot weather a year or two long storm. I'm looking at the majors and the midtiers with better balance sheets and netbacks, and hopefully good hedges in place and low decline rates. Areas of interest are Montney and Permian basins. Both are seeing an increase in pipeline infrastructure in the coming years and both are very gas rich basins with cheap gas.

>>54871715
not sure if it can disolve all metals but it can react with all the noble metals to some degree.
For the mine dumps in our area, the cyanide contamination is strong but only dangerous if the material (the mine waste its in) is turned over or exposed to oxygen / water. Otherwise its pretty much inert. The arsenic is a different problem though, its mobilized by wind as its tiny dust particles which go everywhere, we only recently discovered the community i am in is basically covered in the stuff and will need a massive cleanup program to even begin to deal with it.

>>54871731
This is one of the big problems the nearby mines been dealing with. The gold hosting rock here carrys a lot of graphite, which is basically all carbon, so when the ore goes into a cyanide treatment, any remaining carbon interrupts the cyanide in the process chain, causing all sorts of problems. Its a massive headache that chemists cant seem to deal with.

>longing DYLLF
>biggest risk is CEO dying

Anyone know which bank he was bullish on ?

Your participation needed:

Global Hyperinflation General. /GHG/ >>>/pol/426066516

>>54872900
Spermbank, Bloodbank and Westbank

>>54870445
Wrong. You're retarded.

>>54873539

Apparently gold is up and miners aren't simply because it's mostly banks buying gold directly, and not the miners.

>>54866400
Oh my God my mom came jnto my room carrying a plate of silver nuggets and she said "bayhorse is dead" and I screamed at her and slapped the plate out of her hand.

How can this be dudes? I thought Grame was delivering on the ocean deal? I thought the muck piles tested at 70/ oz per ton?! I thought Graeme was flying to Thailand to negotiate the contract? How can this be bros? What's the play forward?

>>54866400
At $30 silver Basedhorse is a 5 bagger from today's price

>>54874857
>0.03 CAD

>>54874360
Makes sense. Miners should just buy gold like the banks do

>>54874857
At .09 a few people might break even.

>>54875307
Right? Who even needs miners at that point. Just buy gold on the market. Duh.

It's like the same thing with farmers. Why are they trying to be all stupid and grow food and shit when it just comes from the store? These people are morons I swear. And then you're trying to INVEST in this shit? Lmfao.

Why don't you just invest in things that people NEED like zoom, blue apron, bitcoin, peloton, and tesla. This shit is NOT HARD people.

https://www.zerohedge.com/commodities/texas-committee-passes-bill-create-100-reserve-gold-and-silver-backed-transactional

Gold backed digital currencies are coming

>>54875589
looking forward to exchanging my slave tokens for physical gold at my central bank... surely that will be possible?

>>54875652
Gold will be stored in Texas somewhere, not at the central bank. This has nothing to do with the central bank. I'm surprised it's even allowed but it seems so. Don't think it's passed all the way yet though. Would be a gamechanger if it passed.

>>54875691
I know gold isn't actually stored at the central bank. I was making fun of the entire idea of a gold backed CBDC. It's no different from an unbacked CBDC really.

Funnily enough, I believe most of the world's central banks' gold is actually stored in London vaults. I took the time to research the topic a bit and even my country's central bank gold reserves are on lease in London! Makes you wonder how safe it all is, and would anybody ever be able to pay it back if something silly happened to those precious dore bars...

>>54875782
CBDC stands for central bank digital currency, this bill in Texas has nothing to do with the US central bank.
>Physical gold and silver backing the digital currency would be stored in a pooled account at the Texas State Bullion Depository.
This will all be done by the state of Texas. Obviously there will have to be transparency and audits to prove the gold is really there.

>>54875808
Oh? Colour me intrigued. Is the US moving back to local currencies? I wonder how the feds feel about this move from Texas. I've even seen predictions that a civil war could happen in the United States. I don't know if I agree with those predictions but if they come to pass this Texan goldback will be remembered on the history books

>>54875808
>transparency and audits to prove the gold is really there
Industry standard

>>54875844
I believe they have physical bills with gold in them that are legal tender as well in some state. But yea this is much better, those bills with gold in them simply costs too much to produce. 99% of transactions are digital becaues that's the most convenient so a gold back digital currency with very low transaction fees (or none) would be amazing. Why keep your money in dollars when they lose value vs the gold currency over time?

>>54875853
It's not, but it's easy to do and that is clearly the idea here. Central bank gold is also different because you can't exchange currency for it.
But many actors are working on GBDCs and most will obv be auditted and have gold available to swap for the currency if people want or they will lose market share to those who do that.

>>54875886
Goldbacks. The premiums are mega high as they should be. Just use coinage again and be done with it

>>54875974
It's completely impractical to transact in physical gold.

>>54876035
>Impracticality lasted for 6k+ years
Based impracticals

>>54875886
>Why keep your money in dollars when they lose value vs the gold currency over time?
I suppose you have a point. For long term savings I would still prefer actual gold over goldbacks though. Gold backed currencies haven't stopped currency depreciation in the past either. Even the Romans had a hyperinflation thanks to the age old trick of minting coinage with lower value metal content. So for long term savings, actual gold is still the peerless gold standard.
>>54876088
gold coins were a lot more practical than animal skins but they're not as practical as a piece of paper, or a card swipe, or the press of a button on a screen. Gold is still just as good a store of value as it was 6k years ago no contest. But I couldn't see myself going to the store with gold coins in my pocket.

>>54876088
>That will be 50 cents, sir
>Sure, here is 1/4000th of an oz of gold ma'am
>>54876253
Romans putting less silver in coins isn't really applicaple to the situation of a GBDC. But yes physical does eliminate counter party risk. Where if you hold a GBDC you would have to confirm that audits are in place and people are able to exchange the currency for real gold (and there will always be some level of counterparty risk).

>>54876349
>Romans putting less silver in coins isn't really applicaple to the situation of a GBDC
Not in a literal sense but in a practical sense it is. What's stopping the issuer from issuing more digital tokens without regard to the gold? Nothing really. People would obviously notice and take action but nothing is stopping them from doing it. The counterparty risk is the same as it was back in Roman times, and the solution is still to not take on counterparty risk with regard to savings

>>54876349
>nothing else was used except gold

>>54876377
If it was noticeable it would immediately collapse the currency as there would be a "run on the bank", people would redeem and go to another GBDC or physical.
>>54876391
>Oh my bad, here is little speck of silver, should be around 1/40th of an ounce, hope you have your precision weight handy.

>>54876455
>heres your change
*hands you a copper round thats been cut in half

>>54876455
>immediately collapse the currency
because that happened when other currencies left the gold standard

>>54876606
People had a US based alternative official currency backed by gold they could turn to in 1971?

>>54853888
Checken-em!

>>54876810
100 Checkems scheduled for deposit

>>54876774
>The us left the gold standard in 1971

https://finance.yahoo.com/news/smart-sand-snd-dips-more-220010603.html
Earnings report may 9th

https://www.mining.com/web/rio-tinto-under-immense-pressure-to-develop-us-copper-project/

More mega copper mines on the way, we just have to see which ones stick around.