/biz/ - Business & Finance

realistically, what's the best ratio of silver to gold? some anon suggested 20 to 1 in the last thread but that's insane, this means that to accumulate gold, you require a ton of silver. it just doesn't seem practical. it's hard to hide, hard to move, wtf

Got my Sig back from my gunsmith yesterday.

Who else started stacking pm’s but fell down the numismatic rabbit hole, like me?

>>59170159
Wtaf is that

>>59170923
I just got out of that whole. I love numasmatics but it will consume your whole life if you let it. I am a but obsessive so by the tie I realized I was in too deep; I ended up selling it all except for the few historical years I cherish.
>I would like to collect ancient coins soon though

>>59170923
that's awesome. how much did you pay for it? they seem pretty expensive from the numista page. 1842

>>59170981

>>59170999
1300 worthless euros

https://www.smith-wesson.com/product/sw1911-e-series

spreadin buns, shootin guns, silver shines forever

>>59171024
early christmas present?

>>59170867
Do you really buy precious metals?
You always have the same coins.

>>59170889
what did you have it at the gunsmith for?

>>59171043

Nah, I already have a Turkish 1911 my grandpa gave me years ago. I'm just looking at how pretty it is. Especially this one; https://www.smith-wesson.com/product/sw1911-10270

My next purchase will be this; https://www.smith-wesson.com/product/model-610-10mm-revolver-6.5-barrel

And then this; https://www.marlinfirearms.com/s/model_1894Classic/

Or this; https://www.henryusa.com/rifles/big-boy-brass-rifle-carbine/

>>59171070
I have a soft spot for the Big Boys.
I know semi is objectively better than lever, but I don't care.
There's something so much more satisfying about that lever.

>>59171045
yes

>>59171092

Ya, I just really like quality, pretty, and well-built guns. I don't care about price. I go for classy out-of-the-box. Plus, I don't have a lever-action. My dad used to have a 45-70 Marlin that he would go bore hunting with. But, he sold it years ago.

My only "boring" guns are my EDC and home-defense.

>>59171144
>digits
I like the thought process.
Get something nice if you're going to bother at all.
Now you have me wondering if I should get a silver one to match my mercs and ASEs!

>>59171096

>>59170886bump

>>59171325

>>59171341
You will only receive kangaroos.

>>59171346
roos are better than brits

>>59170923
Me. Just won this cute lil' owl drachm for $220 (207€). Pretty damn good deal i think.

>>59171058
>handfit trigger
>Cerakote paint slide and frame
>lightly polished chamber
>"general tune-up"
Whatever that means. My gunsmith is in another state. High school friend who's runs multiple shops. He only charged me for the paint and shipping, did everything else on the side which is cool of him. Every part that was drop in plus drifting in the fiber/tritium sights I did myself.

>>59171341
https://www.goldeneaglecoin.com/item/1-oz-circulated-silver-world-bullion-coins-999
Similar offering at GEC. I ordered 10 a few days ago.

>>59170702
>pirate anon having an identity crisis because /pmg/ is his entire life
lmfao pretty much, I have no job and crippling depression but I just want to clarify, I do have a life; I hail from /out/ and go to mad parties in weird places (note: I do not get any pussy there)

>>59170923
was literally just sitting here thinking
>"hey that's cool >>59171444 i need my coins to be older, OLDER!"
the premiums though.

>>59171601
Brother you need Jesus.

>>59171653
Sometimes I like them younger

>>59171759
Fly away.

$856 I think i got a bretty gud deel

>>59171444
Really cook piece, congrats!

Shiny white metal

>>59171773
kek
>>59171775
thx fren, you too!

>>59171769
Yes I'm sure Caesar will help him with his life problems...

>>59171767
the toning on that looks great

Get in

>>59171775
where do you guys find these pieces?

Benjamin Payne
George Wyllys
William Pitkin

>>59171997

Nice.

>>59171879
If you're going to post firearms, at least post OC w/ silver.
But that is a nice S&W 1911.

>>59172001
It's understandable to find it odd! Sometimes signers used different variations of their names, or the cursive writing can make it difficult to decipher. In this case, it's possible that George Wyllys signed as "Gage" due to a stylistic choice.

>>59172004

I'm too paranoid (and lazy).

>>59171798
Maybe not Caesar, but this dude will for sure.

>>59172262
what diameter is that one?

>>59172262
About 3/4 of an inch. Estimate based on memory as I don't have it handy.

>>59172262
Marcus Aurelius denarius?

>>59171783
Based

I have a new merc

>>59172371
Yes

>>59172262
>>59172371
>>59172603
ARRRRRRRR nice!

I want to start a silver coin collection- is this a good first order and is the price reasonable?

>>59172769
Yeah it's good.

Comfy
https://youtu.be/0oLDukkR6fE?si=ycTC5vaCsSpNf3VU

>>59172811
Checked, thank you for your wisdom

>>59170835
How is the market cap of gold even known or considered accurate? I refuse to believe they know the amount of gold ever mined

>>59172679
Has lightning has struck your brain?
> casually waiting for mintanon

>>59172838
Libertads- Mexican silver is the tops, and it has titties.

>>59172829
>https://youtu.be/0oLDukkR6fE?si=ycTC5vaCsSpNf3VU
Region locked. Fug.

>>59171444
Amazing this looks great you wouldt belive its almost 2000 years old

A media frenzy, a watershed election, millions of butt-hurt pink-hairs squealing, market volatility, uncertainty in every direction but my silver and gold are unchanged. A thousand years from now and they will be unchanged. In every nation and among every people in all times: unchanged. Gold and silver shine at the center of the turning world.

>Silver price drops, particulars and stores doesn't change prices.
>Silver price does "dead cat bounce", particulars and stores increases their price.
>All coins within my country are currently 30% over spot, even more.
Wtf? Is people on drugs?

Bought a few 'pre-owned mixed date; half sovereigns the other day.
Was pleased to see how old they are. I wonder about their story.

>>59174500
That pic was a bit dark and shit.

>>59174352
2500 years even. =)
Yes they are pretty rare in this condition, i'm lucky. Especially for the drachms, who are surprisingly much rarer than the tetradrachms (same design but x4 the weight in silber).

>>59174443
Spot price isn't retail market price just as the price of beef on the Chicago Commodity Exchange isn't what you will pay for a steak at the local grill. Spot price is an interesting bit of data, but don't take it too seriously.

>>59174500
>>59174516
Nice pennies

>>59174500
>Bought a few 'pre-owned mixed date; half sovereigns the other day.
where from?
>>59174440
based.

how do you guys live with yourselves when BTC is breaking 80k lol, what's the point of gold anymore?

>>59174929
I sold 1 Bitcoin at ~$70,000 for gold in 2021 when gold was ~$2000/oz

I then had about 35 oz gold. Today those 35 oz of gold are worth ~$95,000, while 1 Bitcoin is still only $80,000. How do you live with yourself being in an asset that hasn’t really done shit in 3 years?

Thanks for playing.

>>59174929
I don't live for short-term profit. I have my eyes on the distant horizon. Slow gains in almost everything. Personal finance. Physical fitness. Spiritual awareness. Skills with my hands and my tools. Steady as she goes. That's where the deep and lasting fulfillment resides. Even the handful of bitcoin millionaires that manage to cash out and hold onto their profits will not know what to do with it. You can tell by reading their posts on "making it". So shallow. Too bad.

>>59175085
Sorry, that photo is terrible.

>>59175044
Eh it's a double edged sword. Gold is reliable but slow gains. BTC is around the same value as it was 3 years ago, but it dropped down to 17k over that course allowing you to buy and basically 4x at that price point if you play it right.
BTC is nowhere near the steadiness of gold and how established it's been throughout history, but honestly i think it will get there at some point in the future

>>59175113
>double edged sword
That’s not what that phrase means. The crypto kiddie was trying to brag about his BTC gains now that BTC has finally hit $80k and I showed him that the gains in gold are actually superior. End of discussion. Fuck off with your cherry picking and “well ackshually”, crypto fag

>>59175152
whats with the hostility fag? can't have a discussion without crying and pissing your pants?
the gains in gold are actually less superior if you played it right bought BTC at 17k, thats all i'm saying you gold goober

>>59175168
>if you played it right bought BTC at 17k
This is what is meant when you’re accused of “well ackshually”, because nobody can time the markets like that and nobody did unless they had insider knowledge.

>>59174929
>asks about how much gold and silver you should stack
>asks where we find our old coins
>fud's all pm's
I don't even know what the fuck is going on with this guy.
also
>implying we don't diversify our treasure chests.
I bought bitcoin in November of 2022, I will not link a chart for you, go and look it up and kys for missing that dip.

>>59175177
Bitcoin moves with tech stocks it’s not a diversification it’s just another dollar derivative.

>>59175206
what do you think i mean by diversification?

>>59175216
If you already own stocks then you’re not really diversifying by putting capital into Bitcoin. Diversifying is usually applied across asset classes not within them.

>>59175175
20/20 hindsight.

>>59174443
Maybe they don't wanna sell at $30 now when just last week they bought at $35. Supply might also be very tight. In a healthy market price dropping would signal shrinking demand or higher supply but in the case of silver the price is not a function of (physical) supply and demand since jews can print infinite paper silver at will and pretend it's real silver.
>>59174553
It's not retail price exactly but usually it's close enough that any deviation is called a premium. Especially gold is often sold at sub 1% premiums over spot. Also when you sell you usually get spot price at least if not a tad more for silver coins.

>>59175175
That's exactly what i'm saying though
Gold is extremely stable, making steady and reliable gains
BTC is relatively new, uncharted and less established, making it volatile but open to making larger amounts of gains/losses.
They are 2 seperate assets that do different things and that's pretty much all im saying

You probably bought 35 oz of gold since you KNOW that it's going to be okay and safe, and thats just what you do with gold. I Understand you can't time the markets, but if you actually believed in bitcoin as a concept and it's place in the future, that it had room to grow, then you would of bought in again for the entire year it was crabbing low in late 2022 early 2023 and be bragging like that other guy was.

I like gold it's stable as fuck and gives you steady gains, but i also see the value in BTCs volatitlity.

>>59175337
>You probably bought 35 oz of gold since you KNOW that it's going to be okay and safe
I sold Bitcoin for gold because one is imaginary and one is being hoarded by the central banks which govern our monetary system.
>if you actually believed in bitcoin as a concept and it's place in the future
I don't. It's a Trojan horse for CBDCs built by the CIA and NSA.

All I'm saying is I made more gains switching to gold regardless of temporary market dips. Which, if you were being honest, you would have noted that during those sudden dips most of the major exchanges went down and people weren't even able to sell.

>muh future of finance
LMAO

>>59175352
Right okay that's our difference then, i see where you're coming from honestly and i respect the gains you made from gold. For me i just feel like BTC is here to stay and it's been largely accepted as THE cryptocurrency in the same way gold is THE value store, regardless of the realness argument.

>All I'm saying is I made more gains switching to gold regardless of temporary market dips. Which, if you were being honest, you would have noted that during those sudden dips most of the major exchanges went down and people weren't even able to sell
if this is true then i didn't know about this at all honestly

>>59175352
Also i got a question, would you start buying bitcoin if the central banks were to start hoarding bitcoin?

>>59174594
I bought them from Atkinsons Coins and Bullion in UK. They don't always have pre-owned stuff, it's a purchase option on their website and is just whatever customers have sold to them.
I bought 5, and they were all around the 1890s, so I'm thinking they were all sold by the same customer. Since they're all within a couple of years, it may have been a family collection purchased around the 1890s at some point, which is cool to think about.

>>59175396
I bought my first BTC at $900. It's physically painful for me to consider ever buying it again around current price levels. That was also the problem for me: There was so much room for Bitcoin to fall, and so little room for it to go higher, whereas gold/silver had the exact opposite situation.

>>59174594
When you select the 'pre-owned mixed' you won't know what you're getting. I usually just select it cos it's a bit cheaper, and I usually get either new ones or some that are from a couple of decades ago.
Getting a batch of 1890s coins was a nice surprise.

>>59175233
you just do your own thing and run with it don't you? you didn't answer my question and made an incorrect assumption about what I meant by diversification.
I said "treasure chest" specifically because what is usually in a treasure chest, especially in the pm's thread, is precious metals. Saying that my treasure chest is diversified implies that it contains both gold and silver, but also other fiat investments too, like crypto.
>>59175383
don't worry too much about the guy who's ID is literally 0z 0Lk (zero ounces, zero luck) kek has spoken, and er, he's not exactly easy to talk to shall we say.

>>59175450
>I said "treasure chest" specifically because what is usually in a treasure chest
My apologies I forgot you were insane.

>>59175417
>it may have been a family collection purchased around the 1890s at some point, which is cool to think about.
cool old treasure acquired
thanks for the info too, that site has some pretty good prices.

>>59175460
apology not accepted. I forgot it's impossible to reason with a narcissist who hates fun.

Not that I hate, hate priming brass; it's just my least favorite part of reloading.

>>59175630
this dude is out here hunting werewolves

>>59175659
>hunting werewolves
Haha. I do have the aptitude and hardware for such an endeavor.

>>59175460
doctor here, I had jumped to the same conclusion

got my grandpa's pirate stash after I showed him my pile of silver dollars

golds going to 2660 monday

>>59175651

>>59175763
larp

>>59174500
sovs are the white man's gold

>>59176002
No, I just take defending my private property very seriously.

where is the all filter link and what stupid asshole thought removing that option was a good idea

>>59175859
very nice, photos?
>>59176002
land lubber
>>59175763
true pirate worth his salt, and faithful hand before the stack.

>>59176058
It's not your property if you don't pay annual property taxes on it. That's a problem for a lot of the stacks here. As far as the tax man knows, the property simply doesn't exist. Can't legally defend something that doesn't legally exist.

>>59176477
>It's not your property if you don't pay annual property taxes on it.
now THIS is peak Judaism

>just stopping in real quick to say "lol lmao even" at the PM boomers
lol
lmao even

>>59176499
>now THIS is peak Judaism
Jews probably didn't write your local tax laws.

>>59176502

>>59176477
>It's not your property if you don't pay annual property taxes on it. That's a problem for a lot of the stacks here. As far as the tax man knows, the property simply doesn't exist
Well, unlike you I own a home that I pay property taxes on; and I wasn't talking about my stack.
Checkmate.

>>59175352
>I sold Bitcoin for gold because one is imaginary and one is being hoarded by the central banks which govern our monetary system.
I wonder everyday about delusional crypto nerds and scammers thinking that crypto will be allowed in the new world order. Assuming the power grid stays intact and the internet doesn't get shut down the USD will be transitioned to a digital fedbux in the great reset. We are in a debt spiral. There is just no way to tackle the debt other than inflation and/or some sort of currency reset.
That doesn't mean you shouldn't have any crypto at all however. I myself have a crypto ledger. I just don't think you should keep most of your wealth in a way that you'll only get to use in the best case scenario over the coming years. The main reason we're not already in great depression 2.0 is because of orange man. I'm stocking up on merc dimes for bartering.

>>59176609
I also own a home, but I've never seen anyone here post proof they own a home aside from me so I don't seriously consider the possibility.

either way, the contents of my home don't legally exist since I don't pay taxes on what's inside it.

>>59176688
>I also own a home
You can lie to yourself but you can't lie to us.
>but I've never seen anyone here post proof they own a home aside from me
Not falling for data mining.
>the contents of my home don't legally exist since I don't pay taxes on what's inside it
You're a dumbass.

>>59176772
I've posted my mortgage statement, tax bill, and deed lots of times before. I guess you could say they're my parent's stuff, but anyone that knows me knows I'm way too old to live with my parents.

You're required to pay taxes on personal property you own in the US. All of it.

they only force you to pay for vehicles and real estate, but by law you're supposed to report your guns and gold voluntarily and pay taxes on them. If you don't, you're breaking the law and criminals can have anything they "own" taken from them. Happens all the time.

Remember lads, Get Physical Only.

https://youtu.be/oE7hHhxYC9k?t=45

>>59176477
>It's not your property if you don't pay annual property taxes on it.
"You don't own it unless you're paying extortion fees."
^Nice pilpul.

>>59176902
Just because I tell you botflies exist doesn't mean I support botflies.

you guys are retarded.
Denying the law doesn't make it go away
disagreeing with the law doesn't make it go away

When you hesitate to buy precious metal, remember this asshole.

>>59176902
In the US every dollar you make is taxed by the feds

every dollar you spend is taxed by the state

and every dollar you own is taxed by the county and city

all of these taxes are repeated at least once per year, and then again when you sell something you own. Most of the money you make is going to be taxed dozens of times before you're done with it.

then you got the back door tax of inflation which takes from you every day.

The secret to gaining wealth is not just beating inflation, it's also beating taxes. Breaking the law is one way to beat taxes, but not a very smart way.

>>59176477
>>59176929
>>59177013
shut up already agent faggot

>>59177041
I'm not trying to trick you into tax evasion.
Most of you are doing that already. That's sorta the point, que no?

>>59177048
>"I'm not trying to trick you into evading taxes I'm only trying to trick you into self-incriminating for tax evasion"

>>59177089
wrong pic

>>59176477
You will never be a real glownigger. You have no incandesce, you have no badge, you have no rank. You are a brown man twisted by propaganda and money into a crude mockery of government’s paypiggies.

>>59177013
In France even the shipping costs of a package are taxed, so when customs taxes us on an object coming from abroad, we get taxed to death.

Tax on the item (VAT 20%)
Tax on shipping costs (VAT 20%)
Tax on the carrier's costs when the package leaves customs (Fedex, UPS...) they tax 20% even on the costs that the carrier claims, because they have taken charge of a package that has already been taxed by customs, (their famous administration fees) it's sick....

And the worst is Ebay, they take the 20% VAT from us upon purchase, but don't even pay it back to the state, so we pay it a second time with the carrier, and don't even imagine getting it refunded afterwards, I will never again buy an item on Ebay that could be taxed.

>>59171444
>>59174527
How pure are they?
I heard its relatively easy to clean siover coins and get then to look brand new would you be interested in trying this?

>>59177108
>you have no badge, you have no rank
I've posted my badge and rank before.
the fun part is all I have to do is wait 3 months and everyone who knows me goes away and I get a new crop of you to play with.

>>59177127
Yes. In the US ebay was supposed to start reporting sales over $600 per year to the feds. I guess that got too much backlash so they haven't done it yet. It's a bunch of bullshit.

post metallics

>>59176814
>I've posted my mortgage statement, tax bill, and deed lots of times before
Ok. Link to it then. You're making the claim, now prove it.
Prove that I'm an idiot and show me.
We both know you won't though, because you're a liar.

>>59177187
well would you look at that

>>59177194
not him

>>59177181
>I've posted my badge and rank before
No you didn't. You never did, you never will. You're a bullshitter and it's beyond cosmically hilarious how pathetic your life is.

>>59177212
If that's a slightly obscure
>source my ass
That's funny.
>>59177200
>.45 GAP
Interesting. Why? I'm not criticizing the choice, just curious.

>>59176664
>'m stocking up on merc dimes for bartering.
thats something that i never really understood and have a hard time with understanding why would anyone be stacking old silver coins for bartering and not standard bullion coins?
Outside of us most normies have no idea that us coins where made out of silver and how high their silver weight actually is since none of that info is found anywhere on the coins and because Silver is relatively hard to distinguish from other metals if you don't know what youre looking for most normes would most likely not even believe that those are silver coins
The only real use of constitutional silver IMO would be as a speculative buy when industrial demand rises above supply output and the fed is no longer able to artificialy manipulate the prive in an obvious way and you then sell off your stuff to a refinery for melt value
For regular day to day bartering only bullion will really be useful

>>59177246
>old silver coins for bartering and not standard bullion coins?
Recognizable
Frictional
Still easy to obtain
None counterfeit (ok, aside from counterfeit numismatics but we're talking junk here)

>>59177181
>all I have to do is wait 3 months and everyone who knows me goes away and I get a new crop of you to play with
lmao the same exact people have been posting here in /pmg/ for years you dumb twat

>>59177273
18vs20

>>59177273
>Frictional
*fractional
>>59177313
What do you mean by that?

>>59177233
My guess is bought it during the pandemic when everyone was sold out of .45 ACP ammo, but a lot of places still carried GAP.

>>59177312
>the same exact people have been posting here in /pmg/ for years you dumb twat
yeah?
>>59177194

>>59177212
You are now the 2nd person in /pmg/ history to post evidence of owning a home.

>>59176477
you're forgetting one very important thing mate; pirate.

>>59177334
old coins are worn tf down
mercs are great, luv em
but you should be stacking the latest date coins because you will lose weight
if silver gets to 50 or 100, they will be weighing bags of coins when you sell

>>59177350
Going into your grandmother's dresser drawer and taking pics of her belongings doesn't prove much. Cool timestamp though!

>>59177372
so many newfags today

>>59177363
>https://www.youtube.com/watch?v=GVXCr6upWUo

>>59177350
Look how desperate you are. It's sad.
And yes that is your parent's documents, stop lying to us.

>>59177380
>>59177377
the game is to see how long the newfags can go before some oldfag says something

>>59177377
There's going to be even more as inflation accelerates and eats their paper lunches.

>>59177393
probably. Makes you wonder what happened to the old ones though.

>>59177377
can you post your stack? You haven't seen you post one sliver of metal; precious or otherwise. I am beginning to think you just don't have a life.

>>59177338
I will not argue against that logic. .45 GAP is like between a .40 +P and a 10mm w/ the right load. I respect that.
>>59177369
>because you will lose weight
True, true. But 19th century half dollars have more numismatic value than 20th century half dollars on average. I now get what you're saying though.
>>59177377
You're the newfag. You haven't even posted PMs. You post >>59177372 grannies documents but not even one silver coin OC pic. You're a loser. This is precious metals general, not
>hurr durr I lie about owning a home
general. Maybe go back to your home board >>>/lgbt/

>>59177401
I don't have a stack, that would be taxable property.

>>59177408
>You're the newfag.
kek

newfags
newfags everywhere

>>59177397
You pretend to have been here for a while when you clearly haven't. Nice try to astroturf your own existence on /pmg/.

>>59177410
>that would be taxable property
Start using a tripcode so it's easier to filter you instead of updating the ID filter each thread.

>>59177415
Yeah I am new. I've only been here since 2022.
And you've been here much, much shorter than 2 years.

>>59177430
>You pretend to have been here for a while when you clearly haven't. Nice try to astroturf your own existence on /pmg/.

>>59177387
Yeah, oldfag here
KILL YOURSELF JEW

>>59177350
>oi vey goy look at me dox yourself
I hope Iran nukes you soon.

>>59177187
aye, this thread is sorely lacking metal.

>>59177273
There is just no way in hell to barter for something worth less than 1oz of silver with only 1oz silver coins. That's why merc dimes and/or equivalent are so valuable. I guess 1oz of pure silver would equal about 10 merc dimes give or take if we're going by USD value. If you want to be super autistic you could get grams of silver but merc dimes will most likely be the best overall.

I like how the FUD has shifted from gold and silver are worthless, to gold and silver don't make gains, to gold and silver are taxable property. Even the shorts on the narratives are getting covered as they fall back.

>>59177393
>There's going to be even more as inflation accelerates and eats their paper lunches.
I'm wondering how long the stock market continues pumping because of orange man. The main reason we're not in great depression 2.0 right now is because of grade A hopium. I don't think this market is stable at all I just have no idea how much longer it can keep going. Something in my gut tells me that people going all in on stocks and crypto right now will regret it later.

>>59177664
>I like how the FUD has shifted from gold and silver are worthless, to gold and silver don't make gains, to gold and silver are taxable property
I've been saying all of those things since at least 2019.

no shift, they're all true from some perspective.

except I think gold has made gains. It's beaten inflation by a lot over my lifetime. Though that might just be because the price was locked from 1933-1975 and it had a lot of catching up to do with inflation.

silver hasn't made any gains in my life.

>>59177379
>twin towers are still up and flying saucers
that's a fine coin shipmate.
>>59177246
>why would anyone be stacking old silver coins for bartering
they are widely known to be silver, recognisable, often sold at or below spot, smaller different fractions and silver's silver mate.
>>59177369
>old coins are worn tf down
so then take that into account with your bartering ???? do things by weight of silver not specific coins.
>most normies have no idea that us coins where made out of silver
they'll learn fast should we need to use them for bartering.

>>59177684
Stocks and crypto are pumping right now because they're pricing in anticipation of massive inflation about to kick in. I refer you to the FED's reverse repo holdings. This is what's been funding congressional spending for the past 2 years. All the extra money created during scamdemic wound up in securities that the banks deposited with the FED for bonus interest. As the FED raised rates, banks started withdrawing these again to buy bonds for better returns. Buying bonds is how the treasury gets money to pay for congressional spending. When the money they created dries up, and those bonds haven't matured yet, we run into a liquidity crisis. They will have no choice but to ramp the money printer up full blast. We went from over $2 trillion in that revers repo down to $160 billion and the clock is almost out. The market knows this and that's why they're pumping so hard.

My little conspiracy theory is that the dems lost on purpose so they can pass off the inflation hot potato to Trump and then start a coup when the economy goes to shit.

>>59176929
>>59177013
Okay, Jew.

>>59177697
>I've been saying all of those things since at least 2019
Show me a 2019 screencap then.
>silver hasn't made any gains in my life.
Assuming you're 30 plus, see pic related.

>>59177762
so you're saying your income, property, and spending aren't taxed in the US?

or that it's jewish to point out that they are?

are you fucking retarded?

>>59177771
>Show me a 2019 screencap then.
check the archives since you clearly weren't here then. Or any of the years since when I said those things.
>see pic related.
stretch it out another 20 years and adjust for inflation

silver is worth about the same now as it was when I was born. A little less than an ounce per hour in wages.

>>59177755
>dems lost on purpose
>identity politics
>open boarder
>idiot leadership
If they lost on purpose, they had a great 4 year setup to it.

>>59177793
>check the archives
No. The burden of proof is on you since you made the claim.

>>59177817
>The burden of proof is on you since you made the claim.
you have to be 18 to post here kiddo

anyone that's been here since 2022 as you claim has certainly seen me say it thousands of times. Probably tens of thousands.

and they know my name.

>>5917777
lets see what the digits were ...

>>59177832
>link fail
it was pro-crypto, by the way

>>59177777
lets see what the digits were ...

>>59177841
kek
irony

Something that I've found that massively increases profits is dismissing the feedback from timewasters.
Just be careful about how you do it.

NEVER IMPLEMENT a timewaster's feedback.
Implementing a timewaster's feedback loses business.

An example of a timewaster's feedback would be complaining about another type of customer for an arbitrary reason.
Did something immoral happen? No. Then the timewaster is at fault, they are breaking a discrimination law actually.
Does the feedback waste your time? Yes.
Will implementing the feedback waste everybody's time? Yes.

Bad employees, bad employees can include management and administration if they implement feedback from a timewaster.
Not implementing the vocal timewaster's feedback will save you time and money

>>59177664
I hate how people are getting sucked into such an obviously disingenuous argument. I guess maybe we're just bored, but it's still disappointing.

>>59177827
>they know my name

>>59177827
>and they know my name.
faggot?

>>59177867
>>59177868
>>59177875
so many newfags

where did the oldfags go? Did they realize silver sucks and buzz off or did they boycott the email requirements and now all we have are bootlickers left?

>>59177755
>tfw trump just puts you back on the gold standard

>>59177886
>email requirements
pro tip: just wait 15 minutes ... I have never given an email. and yet here i am.
>>59177867
lets post metals instead. love this little one, 9999 fineness and there's a ship on it, built by Brunel no less!

>>59177827
>you have to be 18 to post here kiddo
You know what, I'll prove that I'm in my 30s, and also that I'm taller than you'll ever be lol. You won't prove shit, short stack.
>and they know my name
Ohhh IQDELETE! How's it going picking up used condoms on SEA beaches?

>>59177907
>I have never given an email. and yet here i am.
same, but I post a lot less than I used to. And aside from frogbro, the oldfags seem to have mostly buggered off.

>>59177913
Proof. Now where's yours? Oh none? Obviously you don't have any.

>>59177913
>Ohhh IQDELETE! How's it going picking up used condoms on SEA beaches?
I'm sure he's doing great, but I was here long before him, newperson.

>>59177920
lol I've got kids older than you
not taller though.

>>59177927
>I've got kids older than you
Lies
>not taller though
No shit moron.

>>59177048
Your assumptions about property tax are incorrect. In most states there is no general personal property tax.

>>59177627
14 merc dimes
>One ounce of pure silver is equal to $1.40 U.S. 90% Silver coin
so $0.70 is 1/2 ounce, $0.35 is 1/4 ounce
https://libertycoinservice.com/u-s-90-silver-information/#:~:text=Liberty%20Coin%20Service%20sells%2090,U.S.%2090%25%20Silver%20coin.)

>>59177936
no state has a personal property tax that I'm aware of.

so your assumptions are incorrect. As I explained earlier itt.

>>59177944
14 merc dimes, 88% silver content

>>59177936
as I mentioned, it is not generally your state that taxes your property.

it is your county and city. And usually a school district or utility co-op or two.

>>59177936
where it gets interesting is when we talk about taxes on UNREALIZED GAINS

It's a major threat to investors,

but any homeowner already knows.... Property tax is a tax on UNREALIZED GAINS. We are already taxed on unrealized gains in the US, at least when it comes to PHYSICAL GOODS we own.

>>59178002
If I have a stack of gold and I owe $1000 in taxes on it

and if it doubles in value,

I will owe twice as much property tax on that stack EVEN IF I DON'T SELL IT.

Property tax is literally a tax on unrealized gains on investments you personally hold.

>>59177889
The next assassination attempt would succeed.

>>59178017
Show the tax code.

>>59178087
I don't even like the guy, but if Trump gets assassinated I'm lone wolfing against every IRL fed I know just for the lulz

>>59178088
>Show the tax code
there's almost 100,000 different tax codes in the US that all say the same stuff.
call your county and ask them
city too if you live in one.

>>59178104
this is a joke of course.

nobody should actually call their city and county and ask if they owe taxes on guns, gold, silver, coins, cell phones, or anything else they have in their house.

unless they want to pay property taxes on that stuff. Because of course those taxes exist.

>>59178104
>there's almost 100,000 different tax codes in the US that all say the same stuff
Ok let me put this in retardese for you:
YoU sO sMaRt, Me So DuMb. YoU kNoW mUcH. sHoW mE tAx CoDe ThAt PrOvE yOu BiG bRaIn.
But if you can't show evidence of what you're saying then it's obviously false. Prove to me that I'm dumb. Provide everyone ITT with thee actual laws you're talking about.
But you won't, because you clearly have room temperature IQ.

>>59178157
You asked for proof that I posted my tax statement and mortgage statement and then denied it when I did.

why should I waste another minute trying to prove anything to you? If you owe property taxes, denying it on 4chan won't change a thing.

>>59178164
Posting your care takers paperwork was cute, you sweet little developmentally challenged lad. Now go run off and play with your Nintendo switch or DS or whatever child gaming device you have.

>>59178174
You didn't recognize the items I posted, huh?
good times

>>59178174
>>59178186
I just wanna say something, you guys are really gay. it is time to ponder every possible meaning of "silent as the grave".

>>59177350
>>59178186
https://www.dhs.gov/contact-us
https://tips.fbi.gov/home
Yeah I'm reporting you to the big boys. Not the jannies here.

>>59178212
Just fucking with a newfag, captain

I'd do the same to you except you were polite last time we met.

You know what grinds my gears?

Bitcoin shill threads pop up on /pol/ everytime a pump happens to sell their bags to retards, no problem

Meanwhile /setf/ threads are pruned on sight

That really grinds my gears

>>59178228
come now, you can troll people better than that without shitting up the thread. I mean if you want to sail on such a long course, anchors away, it's not like a pirate can tell another free man what to do. but I prefer to strike like a musket ball, singular and strong, rather than draw out the battle and end up shitting where i eat, so to speak.

So what is this election going to do to the PM market? Several more months for cheapies? Skyrocketing as Dems try to take revenge?

>>59178259
I'm not trolling.

I state facts, /pmg/ pisses itself. It has always been this way.

btw has anyone fucking deciphered this yet? >>59177848 I mean I get what he's saying and it makes sense but it's like, how do I apply this to pm's? what relevance does it have to metals? and what constitutes a time waster? and what prompted this at all?

>>59178279
gay californian posts receipts for "his" $498,000 house expects people to be impressed

>>59178295
Anon demanded I post it as proof of my veracity

I don't expect any response about it aside from the one I got. Denial

and denial is a compliment itself, because it shows anon can't possibly believe a person that owns a house posts here. Like we're some rare and incredible thing. That's satisfying.

>>59178276
my forecast is thus: initial pump (which we have seen already) then a downturn of about -5% and crabbing for a while (in the process) and in 2 months gold will be down by at least 10%, max 20%, silver similar. may take up to 6 months to reach that point. then slow increase over the next 4 years to double what it is now.

>>59178295
I mean imagine for a moment over half of the adults in the US own homes.

now imagine going on a website where if you say you're an adult in the US and you own a home, nobody believes you.

What does that tell you about the demographics of that site? They're not adults?
They're not from the US? Or they're just the poorest and youngest adults from the US?

I dunno, you do the math. All I know is if you own a home you can buy a lot more gold and silver, but you won't want to.

>>59177779
I don't argue with Jews.
I only stack physical silver.

>>59178360
>I don't argue with Jews
this is true
/pmg/ has an unsurprisingly small jewish population.

>>59178367
>let me sidestep my identity as a Jew
Pottery.

>>59178392
I'm not a jew. I can't imagine any real jew would want to hang out here even to argue with you.

but I do realize you think anyone smarter than you is a jew. So I get called a jew a lot. Always have. If you go back through the archives and look at posts that are called jewish it'll be my posts nine times out of ten.

You'll also see the truth I get called jewish for becomes the next year's accepted facts.

>>59178392
If I really wanted to open a can of worms I'd point out that not only is your physical stack taxable, but paper derivatives aren't.

so you could avoid all those tax crimes just by buying a gold fund or some other form of ownership where it's not in your physical possession.

these are facts, and I will certainly be called jewish for saying them.

>>59178409
Hard to not imagine you a jew. The only three things you ever seem to do when you show up is show off paper work for your house, claim you own multiple silver mines that are complety worthless despite them having millions of dollars worth of silver in them, and just shit up the thread in general.

>>59178440
truth

stop the clock, how many hours was that?

>>59178440
oldfags are getting a bit lonely in here. I count two of you itt.

>>59178409
>I'm not a jew.

>Bitcoin and ETC hitting all time highs
>Gold and Silver crabs and dumps.
It's not fucking fair. I was promised l could buy a house for only 30oz of silver.
Does nobody give a shit anymore?
Do people really think the economy isn't fucked anymore now that Trump won and people are dumping PM's as a result?
We need another banking crisis or something on the horizon and we need it soon.
The deep state needs to make something happen and then drop the bomb on Trump and use him as a scapegoat and that will hopefully launch us into the stratosphere in the future.

>>59178496
>ohnoes, what will I do with this opportunity to get more cheapies
Yeah, it's terrible, huh?

>>59178496
PMs will have their time to shine when the bond market implodes. That is one hell of an event to be waiting for on any sort of convenient timeline. No one wants that to happen and the entire world and everyone in it will take measures to kicking the can for as long as possible.
Never stop stacking. The GSR and all of the fundamentals of silver are all very real and silver will shine when the global financial markets implode in a fatal game of musical chairs.

>>59178496
Holy fucking shit anon just buy some fucking Bitcoin if all you care about is going short.

>>59178465
please tripfag so i can block you

>>59178602
the entire point is to track census, turnover and residency in /pmg/ by how long it takes people to ID me.

that doesn't work with a trip.

don't worry, I've shoved my thermometer up your thread's ass today and found you to be diseased and possibly dying.

I won't make a habit of it. I don't actually care what you think and none of you said anything new or interesting today that I haven't already heard thousands of times over the last five years. I am merely curious how long you guys stay in the stacking game, and why you (apparently) give up on it or move to a different niche.

>>59178634
>the entire point is to track census

>>59178694
I'm also still curious about the amount of support for a numisgen. But I don't think we have enough people here to split the thread again, and every time we split it in the past we lost about half the posters.

From what I see none of the splits or the trolls ever did as much to chase off users as the recent "anti-spam" measures did though.

>>59178694
At the end of the day nothing I have to say here is worth waiting 15 minutes for. So you're only going to see me if something interesting is happening on a different board. Which doesn't happen that often.

>44 posts

>>59178560
>I hope my investment literally never goes up
Literal retard

>>59178304
>next 4 years
Kill me

>>59178634
jew

>>59178856
>silver has beaten the stock market for the last four years
Thanks for playing!

>>59178821
newfags usually confuse me with IQ

I haven't seen that fag since 2 weeks before they nuked /biz/ with the email requirement.

he was annoying, but he was also just a very cheap copy of me.

>>59177723
Why is gold dumping when we have massive inflation

>>59178866
It hasn't though

>>59178873
people make money off of price movement

it doesn't matter if it's up or down, it just has to move. Any news can cause movement, and people will make money off of any movement. Currently the election is causing movement but in a month something else will be doing it. Might be up, might be down. It doesn't matter either way.

>>59178873
also possible the recent run up was because of expectation of a harris win and a lot more inflation

since she lost the price corrected on expectations of reduced inflation in future that were already priced in.

most likely it's just bullish sentiment in the stock market because of trump's win though. People pull money out of gold and dump it into stocks in expectation of a friendlier regulatory environment.

Guys, I threw most of my portfolio into silver, but I still have some residual gains in crypto.

>0.3 BTC
>1000+ Dogecoin

These only got me about $2,000 in profit so far. Think the Feds will be able to manipulate money well enough for future moonshots? I've got an ape of coins coming in, but I'm getting schizo with paying back college loans, and I'm thinking about selling it all so I can lower my debt. I bought because a millionare boomer told me silver was going to moon. He talked about his grandpa, the great depression, about how everything today matched the situation back when he was a kid. It made sense, but I'm afraid Jews are going to Jew because nothing in this clown world makes any sense.

>>59178869
you are like iqdelet and no gram anon mixed together, but also brown

>>59177977
Name one US City, country, or school district that taxes ownership of gold or silver. You are just fabricating some weird narrative as you go along.

>>59179234
physical gold and silver are considered collectibles in the US, not investments.

as far as I know every county in the US taxes collectibles as personal property.
if you know one that doesn't I'd love to hear about it.

>>59178886
Inflation hasn't hit yet. It's just paper traders selling risk-off assets to get back into risk-on. Gold and silver will take off again when the problem goes mainstream instead of just the markets.

>>59179225
is iqdelete not brown?

>>59179262
agreed
I expect gold will break 3k and stay above in 2025

though fair warning, I expected it to break 3k and stay there before the end of 24 and it might still.

>>59179269
IQ is definitely brown.
I'm not unless I just got back from vacation.

>>59179243
>physical gold and silver are considered collectibles in the US
no

(3)Exception for certain coins and bullion
For purposes of this subsection, the term “collectible” shall not include—
(A)any coin which is—
(i)a gold coin described in paragraph (7), (8), (9), or (10) of section 5112(a) of title 31, United States Code,
(ii)a silver coin described in section 5112(e) of title 31, United States Code,
(iii)a platinum coin described in section 5112(k) of title 31, United States Code, or
(iv)a coin issued under the laws of any State, or
(B)any gold, silver, platinum, or palladium bullion of a fineness equal to or exceeding the minimum fineness that a contract market (as described in section 5 of the Commodity Exchange Act, 7 U.S.C. 7) requires for metals which may be delivered in satisfaction of a regulated futures contract,
if such bullion is in the physical possession of a trustee described under subsection (a) of this section.[1]

>>59179508
>if such bullion is in the physical possession of a trustee described under subsection (a) of this section.[1]
there's the kicker

I said physical gold and silver IN YOUR POSSESSION

and I also said you can avoid that tax by placing the metal in someone else's possession (a trust, corporation, paid vault, etc.)

same rules for retirement accounts. You can't hold your own gold and silver in a retirement account, but as soon as you transfer them to someone else they become an investment and you can bank them to retirement.

>>59179520
if you dont hold it, you dont own it, shlomo

>>59179530
yep that's the whole point of the tax law.

If you own (hold) it it becomes personal property (collectibles)

if you don't hold it, it becomes an investment and isn't subject to personal property tax

Have silver premiums gone up lately?

>>59179520
A and B are exclusive of each other

>>59179606
>for purposes of this section
not the only section

if instead of trying to argue with me you just googled how the IRS taxes profits from the sales of gold and silver you'd find I'm right.

>>59179606
Here's one example. Google will bring up a few thousand other tax sites that say the same thing.

>However, the IRS considers physical quantities of metal to be a “collectible.” For collectibles, such as coins, art and bullion, the standard tax rate is 28%. As a result, owning physical gold, or owning funds that themselves own physical gold, means that you can pay a higher maximum capital gains rate of 28%.

>>59179606
fwiw I appreciate you taking the time to look into it, even if your whole reason was trying to prove me wrong.

and I don't agree that these taxes are just or fair.
in fact I think they're a massive load of bullshit. But they exist.

>>59179606
It's also worth saying that the taxes on gold and silver are recent.

when I was born it was illegal to own gold
but neither gold or silver was taxed as property because they were money. It was the demonetizing of the metals that resulted in the ability to tax them. You can't tax someone for money they saved. You can tax them if you stop calling it money and start calling it a collectible. Just another little bit of government bullshit you guys should be angery about. You owe taxes on what was just untaxable money in my day.

>>59179554
every time we get a breakthrough in prices, we get a higher premiums. They never go away.

>>59178295
You know did these people actually read harry potter? It seemed pretty right wing when I was a kid. Sometiems I really wonder if JK Rowling wrote those books

Hi.

>>59178602
kek, make one of the anons a pirate for accuraccy.

>>59174553
Ofc spot is not retail price.
But I'm more keen to think they are on a "Silver at 50$ soon" mood, and they'll keep the prices as high as possible until people realize it's a joke. (Maples at 40€ it's out of logic.)

>>59179554
Yup
If you're in Eurostan check german sites (gold.de), they have decent premiums an shipping costs as local stores.

>>59178496
>Gold and Silver crabs and dumps.
exactly as i predicted. we are entering the dip.

>>59179049
see
>>59178304
Did that millionaire boomer make his money through investing or predicting weather the line will go up or down? If so, trust him, but if not, you should not have followed his advice.
Things are already starting to follow the pattern i predicted. I'm waiting 2 months before buying any pm's, if it dips 10% I am plundering more booty than ever before.
You won't regret buying the silver in years to come, it's a long hold, like 5 years.
I'd sell some of the crypto, surely half of that would pay off your debt at current prices?
Keep some btc as it is a bull market now. You're likely to make a little more profit off crypto, but if you have concerns about debt, don't be worried about selling some BTC to pay it off, the peace of mind is worth more.
And don't forget the Weimar republic, everyone thought they were getting rich and the economy was recovering ... it wasn't that the value of things were going up, it's that their money was losing value.
I've decks to swab and seas to sail. Keep to the code, shipmates. Fare ye well.

>>59178496
Volume is going shit. People is jumping to risk assets.

I wouldn't be surprised we hit 30$ today or tomorrow.

Sub 30$ is a complete different story. I wouldn't expect hitting 25$ in the next months. Maybe end of 2025.

>>59180395

The week/weekend didn't start too hot (bidding on 125 listing, won 0.. yeah i'm quite exigeant when it comes to cheapies!), but perseverance finally paid off on sunday very late in the night as i slurped quite the oddities for cheap!

As starter i propose you this silver token delivered to the royal surgeons from the academy of Paris in 1775. (25€)

>>59180534
Then there is a token of presence delivered by the reserve army of Paris to the parisians who defended Paris during the siege of winter 1870 against the prussians instead of leaving like most did.

>>59180543
A 15 centesimi from the city state of Venice 1848 in nice condition. (10€)

>>59180550
Probably among the best deal of the month so far : a super rare Sede Vacante tiny copper quattrino of Clement IX from 1667. (53€) Got it at that price bcuz it was marked as unidentified, sadly one other dude was aware of what it was and we battled a bit, otherwise i'd have snipped it for 1€.

>>59180561
Another good deal with this 5 Fen 1898 from the Chekiang province; very rare mintage, once again had to battle a bit with another numisfag to earn it. But still got it for very cheap. (44€)

>>59180567
Now this one is tricky; it's a rare medal from the russian (aristo) association of hunting dogs from 1898. Price vary quite widly depending on how hot is the demand, i've seen some go for 1400€ (in mint condition), others for only 350€. Might take a while to resell but it will be an easy multiplier. (33€)

>>59180581
The Athens drachm i already posted yesterday . I'm really hyped about this one because they are incredibly hard to find in such condition. This one is definitely a keeper. (207€)

>>59180587
Then a bunch of various crap like british crowns, flemish patards, spaniard groats, papal soldi,.. i wont post it all but that's the majority of it.
In bonus i got myself a bracelet made out of mexican silver centavos from the early 1900s, one of which is a key date (but all soldered so..).

Purchased a small amount of mercs yesterday. Sick of only roosies being available and mercs being sold out. Haha

penny stackers btfo'd again by the turbochad angel pubes scrap pile

Any snekkers?

>>59179243
There are no personal property taxes in the USA on the ownership of gold and silver coinage or bullion. You are intentionally spreading misinformation. I won't waste more time on correcting it.

>>59180888
This is correct. He is just trying to shill for giving your sliver and gold to other people to "hold" that you can withdraw at "any time."

>>59180625
>mercs being sold out
https://www.goldeneaglecoin.com/buy-silver/90-silver-us-coins/90-silver-dimes?cmbSort=price_asc&order=ASC&sort=price

a lot of people seem to be swapping their gold for funny money and i admire how optimistic they are about the future

>>59181129
everyone itt is literally doing the opposite

>>59181129
>i admire how optimistic they are
They aren't optimistic, they're selling because they have no choice, I was buying silver from people during the lockdown years and the reason one of them gave me was they had no choice, they weren't working and had to pay the mortgage.

>Just put your silver and gold in a vault, trust, or just hold meaningless paper.

>>59181173
Well, they have to sell to someone, don't they?

>>59180836
i want the buy the 2oz version since it's larger than most 2oz coins, but the premium seems higher this year. i'll probably wait to see if they get put on sale at some point.

I guess this wasn’t the year either

>>59182054
>meanwhile a company repealing half it's vehicle every 3 months while the EVs market is burning and crashing worldwide

>>59177755

Tyrant's don't give up power willingly. You can't vote them out harder.

Yes, they have lured Trump into a trap that he can't get out of. Why? Not to overthrow the man himself, but to demolish the ideals that got him into power.

When the masses see that they can't afford necessities for the first time in their lives, what will they blame? The money printer that's been working all their lives or the ideas that lead to turning it off for the first time?

When the crucible heats up, only the pure are left. All the speculators and investors will bail on PMs now that they see stocks rocketing. Only those of us who believe in the fundamentals will be left. Expect PM prices to crater and the doom and gloom threads to abound. Know that this is a good sign. You don't pull the rug on people when they expect it, you wait for their comfort.

People have been very uncomfortable these last 4 years, but look at them now. Invest in Jesus and understanding human nature because we're all about to get front row seats to one of the greatest demonstrations of it of all time. Pray.

>>59182104
>Only those of us who believe in the fundamentals will be left. Expect PM prices to crater and the doom and gloom threads to abound.
>right when i get inheritance monies
God, i can only get so erect...

>Explain to me what value Bitcoin has without pointing to the dollar

no Bitcoin maxie has yet to answer this, everytime i ask the conversation ends. Sometimes they'll say "independence, pre-digitized, borderless, portable, un-takeable" as if that's supposed to mean anything but those aren't real answers, and when i point that out the thread gets archived.

>>59182391
You should repost this in the next thread.

>>59182054
Might not be next year either, Jim Rickards reckons 26 to be the year.

NEW THREAD

>>59182442
>>59182442
>>59182442
>>59182442

>>59182391
Ability to store and send value outside of the banking system because it can be send address to address without going through a centralized exchange. The BTC nodes are decentralized around the world and anyone with an internet connection can run one. No single person or institution has control over it. It's the closest thing to democratization of digital money as one can reasonably get. I don't expect it to last like PMs will, but I still support the concept for the time being.

>>59182391
Value is subjective but price comes from supply vs demand like any other thing.

>>59182280

Yes my friend, you are well positioned on the sinking Titanic. The guy who gets to listen to the band play until their ankles are wet and still make it on a life boat got the fullest ride.

Unfortunately, timing such things is near impossible, but when if it happens to you, sit back and enjoy it for all that it is.

I don't have a price target in mind, but I suspect PMs will absolutely tank until the reality that this whole situation is hopeless. But with Trumps rhetoric suggesting agency cuts, illegal deportations, etc, the markets are going to sail.

What people don't realize is that agenda 2030 is right on target. They never needed everyone(leaders) to accept it, they'll take unwitting participants all the same.

>>59182418
This guy is a clown.

We will never have a gold standard again, because the powerful, wherever they may be, will never make it so that they lose their power over the people, a currency backed by gold means a healthy currency, a healthy economy, a prosperous people, a people freed from the state, ultimately freed from bank loans, etc., etc.

You have to be a real charlatan to make people believe that he doesn't know that, and that he doesn't know who controls the world economy, or how.

Blockchain = NSA

https://archive.org/details/CryptographyOfAnonymousElectronicCash/mode/2up

>>59182418
>To back 17.9 trillion dollars gold has to be 27,000 USD.
But the gold market is already 17.6 trillion dollars.

https://companiesmarketcap.com/gold/marketcap/

You can already back all dollars with gold with the current price of gold.