/biz/ - Business & Finance

Bitcoin won

>>59395679
>>59395688

The Gold vs. Bitcoin debate is old and gay. Time to move on Boomers.

>>59395763
It's not a debate
Bitcoin already won

Monero and silver. Simple as.

>>59395766
If it isn't a debate why try so hard to convince people? Capitalism will determine this. I know that non US citizens think they need crypto because they are financially illiterate.

>bitcoin won
then why are you here, retard.

>>59395679
>shills out in force
Gonna buy some physical silver.
Simple as.

>>59395688
>Bitcoin won
Saying that is like taking a shit on the floor and calling it ice cream.

>>59395803
This.

>>59395766

What about a Blockchain that's pegged to Gold and Silver?

Why not best of both worlds? Seems like the logical answer to me

>>59395791
Lmao stacktards were right the comex vaults are empty. Not even COMEX wants silver anymore. It's not even worth storage fees.

>>59395837
doesnt work

>>59395846
why not?

>>59395837
What about it? Lmao no one is stopping you except there is zero demand. Hop to it if you think otherwise.

>>59395804
The spam is off the chart right now. That to me sounds like there's something big about to happen in the near future.

>>59395857
blockchain is an indisputable math equation. gold and silver is a physical asset

>>59395862
what's the blockchain equation?

>>59395862
and?

>>59395861
It already happened Bitcoin won

>>59395837
That's actually something Bix Weir postulates, that the US and western nations will return to a Gold/Silver standard powered by Blockchain

>>59395885
lol Im imaging the elites standing behind the developers going

>what ways can you put into it to make it manipulate it for our needs?

>>59395861
I'm purchasing a tube of ASEs just because.
If something big happens then I'll be glad I got in another tube.
If nothing happens I'll be glad I got in another tube.
Shills will pretend not to seethe.

>>59395936
It is surprising how bitter these non americans are. You would think they would enjoy holding silver and gold, something with actual worth. But nope, they just seethe and post about how they are right and everyone is wrong even though they have never breathed the air of freedom and couldn't know the feeling of buying land in precious metals

>>59395837
XAUT has been around for forever

>>59395958
Im american and I like gold. Im just not stupid to put my worth into just one thing.

>>59395958
Only retards by that paper gold . It's literally an IQ test

>>59395958
>the air of freedom
>has to ask the government pretty please to move his networth around
hmm

>>59395837
There are crypto projects out there like paxg that attempted to do just that. So far, to my knowledge, none have been very successful or are widely used. I haven't looked into why though. Probably because, if you don't hold it, you don't own it.

>>59395679
A reminder to use your word filters to deny the spammers your attention.

>>59396068
>if you don't hold it, you don't own it.

Lmao when these broke stacktards chant the premium grabbers mantras

>>59396012
Not really? I mean, the physical metal is there, albeit difficult to extract. And the notes are redeemable as well, if you'd rather hold a grain than a bill.

>>59396068
you can trade paxg perpetuals certainly on bybit and maybe binance. current bid ask spread is about 0.04%

>>59396012
>IQ test
>by

they keep trying, but I'll keep buying my silver and gold.

>>59396012

>>59395688
Maybe if you bought it forever ago

>>59396187
Even if you bought 1 month ago. Lmao was this move not obvious to you?

>>59396083
The premium on goldbux is more than 100%, so no the gold is literally not in there. Lmao but still a better deal than Minty and ToddTrailerpark

>>59396083
I would rather have 10 of these than a generic bar. The premium comes from the machinery and time used to infuse the gold into the bill.

>>59396317
>pay $100 for paper gold, use it to buy $50 of groceries
>declare victory on incel forum "i ended the fed"

Lmao, you charge 120% premiums and invest your obscene profits in bitcoin

59396301
What a seething bitch. Not smart enough to do business. Not clever enough to form a supply chain. Not personable enough to acquire clients. Not tech savvy enough to create a website. Not financially educated to understand how macro/micro economics work. Not American enough to understand true freedom in owning assets. Doesn't understand the importance of dollar cost average. Can't comprehend the idea of innovation. Not humble enough to change. Not intelligent enough to know how to make money off of your money. And just retarded enough to come back for its daily verbal abuse. I would pity you; but everything that is bad that has happened to you has been self inflicted.

>>59395837
A currency being pegged to a physical asset is a weakness, history has been very clear about that. Being trustless is one (of several) properties bitcoin has over gold precisely for that reason. Backing a currency by energy in a decentralised manner is about as perfect as a currency can be designed.

Just to piss off all the pajeets who are shilling buttcoins and cryptids. I will explain the history of just how retarded the average person is when it comes to the history of American assets.

>We start in 1789 where Hamilton suggested financing the establishment of the First Bank of the United States by selling $10 million in stock. The U.S. government would buy the initial $2 million worth of shares. However, since the government lacked the $2 million, he proposed that the government borrow this amount from the bank itself, with the loan to be repaid over ten equal annual installments. The remaining $8 million in stock would be open for purchase by the public, both domestically and internationally.

>Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population.

>the primary function of the bank would be to issue credit to the government and private interests, for internal improvements and other economic development, per Hamilton's system of Public Credit.

>Jefferson and Madison objected to another of Hamilton's proposals: the establishment of an official government Mint. They saw this concentration of power away from local banks as a threat to a stable monetary system, primarily benefiting business interests in the commercial north rather than the agricultural interests of the southern states. They argued that these proposals would infringe upon the right to property ownership. Moreover, they argued that creating such a bank would be unconstitutional, as the Constitution only authorized Congress to regulate weights and measures and to mint coins, rather than to issue currency and bills of credit.

>>59396436
>$77 million in 1790 is equivalent to $2.6 billion in 2023.
Any part of the $12 million foreign debt, along with $1.5 million in interest, was considered a "sacred obligation" that needed to be paid in full.

>A substantial part of the nation's $40 million domestic debt was owed to Patriots who had supported the War of Independence through loans or personal service. Many were combat veterans who, during demobilization in 1783, had been compensated with IOUs, "certificates of indebtedness," or "securities" (distinct from the worthless Continental currency or bills of credit) and were redeemable once the government's fiscal order was restored

>for interest payments on the assumed state debts would begin to fall due at the end of 1791...those payments would require $788,333 annually, and... an additional $38,291 was needed to cover deficiencies in the funds that had been appropriated for existing commitments.

>Plans more sympathetic to the ex-soldiers who had sold their certificates to speculators at reduced rates were termed "discrimination." These plans proposed paying the original holder the full value of the security and reimbursing the current holder at the purchase price. However, the total of these payments would exceed the original certificate's value.

>James Madison, a US Representative from Virginia, proposed his own version of "discrimination" aimed at upholding the federal commitment to repaying debt at face value. In his proposal, current certificate holders would be refunded at the price they paid for the devalued certificate, and the remaining amount would be given to the original holder. This method would ensure that the government expenditure matched the face value of the original certificate.

>>59396466
>Hamilton dismissed both "repudiation" and "discrimination" and advocated for "redemption," which involved paying the full value exclusively to the current holders of the certificates, including any overdue interest.

>>A key element of Hamilton's fiscal reform, known as "assumption," involved consolidating the $25 million debt of the 13 states and transferring it to the federal government for management through a comprehensive funding plan. Hamilton's goal was to tie creditors to the new central government, thereby linking their financial interests to the success of his economic policies. This approach aimed to gradually reduce state power while increasing federal authority.

>One effect of "assumption" was the fair distribution of the collective debt among all states, with wealthier states helping to cover the debts of less solvent ones. Most southern states, except South Carolina, had already significantly reduced their wartime debt.

>The "dinner-party bargain" resulted in Madison dropping his opposition, allowing the Assumption Bill to pass. In return, Hamilton agreed to support locating the nation's capital at Georgetown on the Potomac, the future site of Washington, DC. However, Hamilton's support was unnecessary since the Potomac location was already assured.

>>A mutually beneficial agreement was made where Virginia would pay $3.4 million to the federal government and receive the same amount in federal compensation. This debt adjustment and the decision to place the capital along the Potomac ultimately resulted in Virginia gaining over $13 million.

>Hamilton's report quickly converted nearly worthless federal and state debt certificates into $60 million of funded government securities. From 1790 to 1800, interest payments on the national debt alone accounted for 40% of the national revenue.

MicroStrategy is the Standard Oil of currency. Fascinating!

>>59396477
>The First Bank of the United States was a national bank established by the United States Congress on February 25, 1791, with a charter lasting twenty years. It succeeded the Bank of North America, which was the country's initial de facto national bank.

>The U.S. Mint's initial five officers included a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (distinct from the Secretary of the Treasury). The Act permitted one individual to serve as both Chief Coiner and Engraver. Additionally, the Assayer, Chief Coiner, and Treasurer had to secure a $10,000 bond with the Secretary of the Treasury.

>Hamilton insisted on absolute fidelity to creditors. Before the government could resume borrowing, Hamilton required that the $13 million in overdue interest be converted into principal, with reissued securities paying 4%.

>This plan would be funded by irrevocably pledging a portion of the government’s tariff and tonnage revenue to the payment schedule. Additionally, contracted debt would be serviced by sinking funds derived from postal service revenue specifically allocated for that purpose.

>Rather than eliminating the national debt, Hamilton recommended that government securities be traded at par to facilitate their use as legal tender, equivalent in value to hard currency. Regular public debt payments would allow Congress to safely increase the federal money supply, thereby stimulating capital investments in agriculture and manufacturing.

>the bank would have a twenty-year charter running from 1791 to 1811, after which time it would be up to the Congress to approve or deny renewal of the bank and its charter; however, during that time no other federal bank would be authorized; states, for their part, would be free to charter however many intrastate banks they wished.

>>59396317
looks like ai slop, the old designs were way better

>>59396504
The Coinage Act of 1792/Mint Act

>May 8, 1792, An Act to Provide For a Copper Coinage [1 Stat. 283]] was signed into law by President George Washington.

>It followed the precedent of the Fugio cent of 1787 in establishing the copper cent, from which descends today's one-cent piece.

>The Act also stipulated that "the director of the mint... be authorized to contract for and purchase a quantity of copper, not exceeding one hundred and fifty tons... to be coined at the mint into cents and half-cents... and be paid into the treasury of the United States, thence to issue into circulation."

>James Madison contended that Congress lacked the authority to establish a bank or any other governmental entity. His reasoning was chiefly based on the Tenth Amendment, which states that powers not granted to Congress are reserved for the States or the people.

>Jefferson and Madison objected to another of Hamilton's proposals: the establishment of an official government Mint. They saw this concentration of power away from local banks as a threat to a stable monetary system, primarily benefiting business interests in the commercial north rather than the agricultural interests of the southern states.

>They argued that these proposals would infringe upon the right to property ownership. Moreover, they argued that creating such a bank would be unconstitutional, as the Constitution only authorized Congress to regulate weights and measures and to mint coins, rather than to issue currency and bills of credit.

>>59396532
1817
>States cannot tax federal banks

>1819
In 1819, Monroe appointed Nicholas Biddle of Philadelphia as Government Director of the Bank. In 1823, he was unanimously elected its president.

1st bank not rechartered
>chairman James K. Polk, the House declared that the Bank "ought not to be rechartered" and that the deposits "ought not to be restored".

> It voted to continue allowing the deposit banks to serve as fiscal agents and to investigate whether the Bank had deliberately instigated the panic.

>the Bank had interfered politically in the election of 1828 by supporting Adams. B.U.S. branch offices in Louisville, Lexington, Portsmouth, Boston, and New Orleans, according to anti-Bank

>Jacksonians, had loaned more readily to customers who favored Adams, appointed a disproportionate share of Adams men to the Bank's board of directors, and contributed Bank funds directly to the Adams campaign.

Shinplasters
>The underground success of scrip, however, was that a wide variety of local merchants accepted each other’s paper notes and treated them like cash. The same note might be worthless in another town or state.

>These practical merchants, through their cooperation, buoyed up the economy in hard times. Some also made a tidy profit.

>second annual address to Congress on December 7, 1830, the president again publicly stated his constitutional objections to the Bank's existence

>>59396571
kek americans

>>59396571
>Jackson expressed his willingness to recharter the Bank or establish a new one, but first insisted that his "experiment" in deposit banking be allowed a fair trial

>Jackson insisted that the circular was necessary because allowing land to be purchased with paper would only fuel speculator greed more, thereby worsening the crisis. The circular, he claimed, was necessary to prevent excessive speculation

The Coinage Act of 1834
>The coinage Act of 1834 redefined the U.S. Eagle coin (ten U.S. Dollars) as containing 232 grains of fine gold, compared to 247.5 grains in the prior Act. This fixed the official basis of the dollar as $20.69 per troy ounce.

>The pure silver content of the silver dollar was left unchanged at 371.25 grains.

>It raised the silver-to-gold weight ratio from its 1792 level of 15:1 (established by the Coinage Act of 1792) to 16:1 thus setting the mint price for silver at a level below its international market price.

>Specie Circular requiring that payment for the purchase of public lands over 320 acres be made exclusively in gold or silver

>On January 1, 1835, Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished.

>private banks was forced to be chartered by the state. Only allowed to have branches in a single state. Unlike federal banks

>>February 1836, the Bank became a private corporation under Pennsylvania commonwealth law. This took place just weeks before the expiration of the Bank's charter. Biddle had orchestrated the maneuver in an effort to preserve the institution rather than allowing it to dissolve.

>A bank run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They immediately suspended specie payments, and would no longer redeem commercial paper in specie at full face value

MicroStrategy = Macro Wealth.

It really is that simple

Mint Anon any update on the Apuarands?

>>59396634
>Biddle believed that the Bank had the right to operate independently from Congress and the Executive, writing that "no officer of the Government, from the President downwards, has the least right, the least authority" to meddle "in the concerns of the Bank"

>Biddle's view, Jackson had violated the Bank's charter by removing the public deposits, meaning that the institution effectively ceased functioning as a central bank tasked with upholding the public interest and regulating the national economy.

>Thomas Biddle deliberately instigated a financial crisis so Congress and Executive branches come together in order to approve a new Bank charter, Believing that this would convince the public of the Bank's necessity..

>the summer of 1842, eight states and the Florida territory had defaulted on their debts, which outraged international investors

1853
>As gold flooded the monetary markets of the world, its commodity price declined due to its higher supply.

>This, in turn, caused the price of silver relative to gold to skyrocket. American silver became a premium. With the bullion value of silver far exceeding the face value of U.S. silver coins, melting became rampant as speculators could sell off their silver coins as bullion for its more profitable world market value.

>The coinage Act of 1853 was the beginning of an economic debate between gold and silver which lasted until the late 19th century

>the 1853 coinage Act turned silver into a fiduciary currency, transforming the value of silver coins from something goods and services were sold for into a medium by which goods and services were exchanged.

New stacker, pic related is one of my next targets I've been eyefucking for the longest time now, the other being a Pre-33 Golden Eagle (if my local shop has both @ Vermillion Enterprises) and more silver coins/rounds. Is this looking like the last opportunity for cheapies or will Trump's inauguration on the week of January 20th make gold/silver prices decline, whaddya think?

>>59395679
>crypto in the OP image and first line in OP text
>entirety of /pmg/ is now seething about crypto endlessly

>>59396670
1863
>The banking act 1863 also allowed national banks to start national currency associations in groups of ten or more, with at least $5 million in total capital, to issue emergency currency.

>The act proposed that the emergency currency had to go through a process of approval by the officers of the national currency associations before they were distributed by the Comptroller of the Currency.

>The bank notes were to be backed by not only government bonds but also almost any securities the banks were holding.

>it is possible that because there was a 5 percent tax placed on this emergency currency for the first month it was "outstanding" and a 1 percent increase for the following months it was "outstanding," no bank notes were issued. Another possible explanation that the emergency currency was never issued was that it was unnecessary

For half a decade; the United States never had an official government bank and there was no treasury to produce funds. With assets and local trade backing the turn of the 20th century until the 1906 Bank run

>>59395830
Does that pic take into account the fact that SETF is a literal cult that spams /pol/ non stop while also shitting on crypto (cult behavior).

>>59396729
yeah it's pretty funny that they complain about the crypto spam and then do that lol
i guess they just went like "fuck it, they are gonna arrive anyway"

>>59396732
>On Monday, October 14, he began aggressively purchasing shares of United Copper, which rose in one day from $39 to $52 per share.

> On Tuesday (Oct. 15), he issued the call for short sellers to return the borrowed stock. The share price rose to nearly $60, but the short sellers were able to find plenty of United Copper shares from sources other than the Heinzes. Otto had misread the market, and the share price of United Copper began to collapse. The stock closed at $30 on Tuesday and fell to $10 by Wednesday (Oct. 16)

>As a result of United Copper's collapse, the State Savings Bank of Butte Montana (owned by F. Augustus Heinze) announced its insolvency. The Montana bank had held United Copper stock as collateral against some of its lending and had been a correspondent bank for the Mercantile National Bank in New York City, of which F. Augustus Heinze was then president.

Timeline of panic in New York City[77]
>Monday, October 14 Otto Heinze begins purchasing to corner the stock of United Copper.

>Wednesday, October 16 Heinze's corner fails spectacularly. Heinze's brokerage house, Gross & Kleeberg is forced to close. This is the date traditionally cited as when the corner failed.

>Thursday, October 17 The Exchange suspends Otto Heinze and Company. The State Savings Bank of Butte, Montana, owned by Augustus Heinze announces it is insolvent. Augustus is forced to resign from Mercantile National Bank. Runs begin at Augustus' and his associate Charles W. Morse's banks.

>Sunday, October 20 The New York Clearing House forces Augustus and Morse to resign from all their banking interests.

>Monday, October 21 Charles T. Barney is forced to resign from the Knickerbocker Trust Company because of his ties to Morse and Heinze. The National Bank of Commerce says it will no longer serve as clearing house.

>Tuesday, October 22 A bank run forces the Knickerbocker to suspend operations.

>>59396751
hard to spam /pol/ nonstop when it's pruned on sight by the mods/jannies

Coincidently the nonstop bitcoin spam on /pol/ isn't given the same treatment

>>59396766
>On October 22, the Knickerbocker faced a classic bank run. From the bank's opening, the crowd grew. As The New York Times reported, "as fast as a depositor went out of the place ten people and more came asking for their money [and the police] were asked to send some men to keep order".

>Two van loads of notes were quickly unloaded, yet even this failed to calm the panic stricken depositors. ; Directors and other officials of the Trust forced their way through the crowd, assuring them that everyone would be paid.

>In less than three hours, $8 million was withdrawn from the Knickerbocker. Shortly after noon it was forced to suspend operations

>The panic quickly spread to two other large trusts, Trust Company of America and Lincoln Trust Company. By Thursday, October 24, a chain of failures littered the street: Twelfth Ward Bank, Empire City Savings Bank, Hamilton Bank of New York, First National Bank of Brooklyn, International Trust Company of New York, Williamsburg Trust Company of Brooklyn, Borough Bank of Brooklyn, Jenkins Trust Company of Brooklyn and the Union Trust Company of Providence

>sought to avoid deposit insurance by providing for a "Liquidation Corporation," a federal authority to purchase assets of a closed bank based on "an approximately correct valuation of its assets". Glass's idea was for a federal corporation to assume ownership of the assets of failed banks and sell them over time as the market could absorb them, rather than dump assets onto markets with little demand. provided that such payments would be used to make immediate payments to depositors to the extent of the bank's "bona fide assets".

>>59396729
I'm a proponent of not kicking the bee's nest regardless but let's not pretend we wouldn't have had unwanted guests whether that was there or not. It's been that way for weeks.

>>59396705
The only person who cares about the difference in 50 dollars premium on a beautiful coin like that would be a shitskin named IQ. It is a great choice and I wouldn't care to much on the day to day, especially within your time frame. Could it be lower? Yes. Could it be higher? Yes. Do you want it? Is it possible for it to be sold out? Some things only time can give us the answers to. Carpe diem.

>>59396667
I think he was going to keep preorders open for a little while longer since some people were waiting to get the pirates in hand before ordering, but that might have been just another anon saying that and not him.

Why arnt more people big on these very practical 1/4 ounce silver rounds? In a world were silver graduates from purely industrial metal to a monetary metal, we can see 100-200 ounce silver. 1/4 ounce round could be 25-50 dollars. You could buy lots of goods & services with that (granted probably lots of illigal stuff). The premium is worth the small denomination and getting hundreds of them which would make it very easy to liquidate and use for trade.

>>59395837
How do you peg something to gold without introducing a single point of failure back into the equation? The whole point of blockchain is that it's distributed and decentralized. The closest you can get is regular shops selling you gold at the current market price. Which already exist.

There used to be something called egold. It worked so well it got shut down.

>>59396811

>Morgan then entered the talks and advised the trust companies that they must provide a loan of $25 million to save the weaker institutions. The trust presidents were still reluctant to act, but Morgan informed them that if they did not it would lead to a complete collapse of the banking system. Through his considerable influence, at about 4:45 a.m. he persuaded the unofficial leader of the trust companies to sign the agreement, and the remainder of the bankers followed. Having received these commitments, Morgan allowed the bankers to go home.

>Around midnight, J. P. Morgan informed a leader of the trust company presidents that keeping Moore & Schley afloat would require $25 million, and he would not commit those funds unless the problems with the trust companies could also be resolved. The trust company executives understood they would not receive further help from Morgan; they would have to finance any bailout of the two struggling trust companies.

>At 3 a.m. about 120 bank and trust company officials assembled to hear a full report on the status of the failing trust companies. While the Trust Company of America was barely solvent, the Lincoln Trust Company was probably $1 million short of what it needed to cover depositor accounts. As discussion ensued, the bankers realized that Morgan had locked them in the library and pocketed the key to force a solution, the sort of strong-arm tactic he had been known to use in the past.

>Friday, however, saw more panic on the exchange. Morgan again approached the bank presidents, but this time was only able to convince them to pledge $9.7 million. In order for this money to keep the exchange open, Morgan decided the money could not be used for margin sales. The volume of trading on Friday was 2/3 that of Thursday. The markets again narrowly made it to the closing bell.

>>59396800
afaik /setf/ only died because the mods and jannies killed it by banning the topic

>>59396907
>On Sunday, Morgan's associate, George Perkins, was informed that the City of New York required at least $20 million by November 1 or it would go bankrupt.

>The city tried to raise money through a standard bond issue, but failed to gather enough financing. On Monday and again on Tuesday, New York Mayor George McClellan approached Morgan for assistance.

> In an effort to avoid the disastrous signal that a New York City bankruptcy would send, Morgan contracted to purchase $30 million worth of city bonds

>The 1907 panic might have deepened if not for the intervention of financier J. P. Morgan, who pledged large sums of his own money and convinced other New York bankers to do the same to shore up the banking system.

>That highlighted the limitations of the US Independent Treasury system, which managed the nation's money supply but was unable to inject sufficient liquidity back into the market.

>only to be replaced by a further crisis due to the heavy borrowing of a large brokerage firm using the stock of Tennessee Coal, Iron and Railroad Company (TC&I) as collateral. Collapse of TC&I's stock price was averted by an emergency takeover by Morgan's U.S. Steel Corporation, a move approved by the trust-busting President Theodore Roosevelt. The following year, Senator Nelson W. Aldrich, a leading Republican, established and chaired a commission to investigate the crisis and propose future solutions, which led to the creation of the Federal Reserve System

>The April 1906 earthquake that devastated San Francisco contributed to the market instability, prompting an even greater flood of money from New York to

>Aldrich–Vreeland Act was a United States law passed in response to the Panic of 1907 which established the National Monetary Commission.

>>59396953
>The Pujo Report singled out individual bankers including Paul Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William Rockefeller and Benjamin Strong, Jr. The report identified over $22 billion in resources and capitalization controlled through 341 directorships held in 112 corporations by members of the empire headed by J. P. Morgan

> the findings of the committee inspired public support for ratification of the Sixteenth Amendment in 1913 that authorized a federal income tax, passage of the Federal Reserve Act that same year, and passage of the Clayton Antitrust Act in 1914.

>When House committee members, as dictated by Congress, arrived in Philadelphia to investigate the Bank, they were treated by the Bank's directors as distinguished guests.

>The directors soon stated, in writing, that the members must state in writing their purpose for examining the Bank's books before any would be turned over to them. If a violation of charter was alleged, the specific allegation must be stated.

>The committee members refused, and no books were shown to them. Next, they asked for specific books, but were told that it might take up to 10 months for these to be procured. Finally, they succeeded in getting subpoenas issued for specific books.

>The directors replied that they could not produce these books because they were not in the Bank's possession. Having failed in their attempt to investigate, the committee members returned to Washington.

>attorney Samuel Untermyer had predetermined that no money trust would be found as part of the Investigation because “There is no agreement existing among these men that is in violation of the law”, and despite the refusal of aid by the Comptroller of the Currency, the failure of the Senate to pass the bill to amend section 5241 of the Revised Statutes, and the lack of any authoritative decision by the courts sustaining the committee's right to access the books of the national banks

>>59396921
Pretty much, threads got pruned by glownigger jannies on sight

>>59396979
>The report revealed that at least eighteen different major financial corporations were under the control of a cartel led by J. P. Morgan, George F. Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Banker's Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer's Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws.


>the consolidation of banks and interlocking directorates (small groups of the same men serving as directors on several different boards) had led to increased wealth accumulation of 42.9% of America's total banking resources held by its twenty largest banks.[4] Furthermore, and surprisingly to the investigators, it was found that "180 individuals" covering "341 directorships in 112 corporations...[possessed] $22,245,000,000 in aggregate resources of capitalization."

>The Federal Reserve Act of December 23, 1913 took effect in November 1914, when the 12 regional banks opened for business. Ultimately, the emergency currency issued under the Aldrich-Vreeland Law Act was entirely withdrawn.

>A usage of the law occurred at the outbreak of World War I in 1914 when the first great financial panic of the 20th century befell the world, necessitating the closure of the New York Stock Exchange.

>Secretary of the Treasury William Gibbs McAdoo appeared in New York City and assured the public that ample stocks of emergency banknotes had been prepared in accordance with the Aldrich–Vreeland Act and were available for issue to the banks. As of October 23, 1914, $368,616,990 was outstanding.

>>59396831
those coins really are beautiful collectables, unique and rare as well
as a concept, they kinda remind me of beanie babies

>>59397006
>Carter Glass became dissatisfied with the 1933 Banking Act's separation of commercial and investment banking. In 1935 he sponsored a bill passed by the Senate that would have permitted national banks to underwrite corporate bonds.

>Federal Reserve supervision of all banks under a "unified banking system". Glass stated "the curse of the banking system for this country is the dual system" under which states could charter banks that were supervised by state officials outside the Federal Reserve System.[45] Under the Federal Reserve Act, all national banks were required to be members of the Federal Reserve System, but state chartered banks could choose whether to join. Glass and others concluded that this had led to a "competition in laxity" between regulators of member and non-member banks.

>Senator Glass used this commercial banking theory to criticize banks for their involvement in securities markets. Glass condemned banks for lending to stock market "speculators" and for underwriting "risky" or "utterly worthless" securities, particularly foreign securities, that were sold to unsophisticated bank depositors and small "correspondent banks

>opposing direct bank involvement in these activities and indirect involvement through "securities affiliates". Such affiliates were typically owned by the same shareholders as the bank, with the affiliate's shares held in a "voting trust" or other device that ensured bank management controlled the affiliate. Glass and Willis viewed such affiliates as artificial devices to evade limits on bank activities. Large banks such as National City Bank (predecessor to Citibank) and Chase National Bank typically used such securities affiliates to underwrite securities

>>59396847
Lmao just collect rolls of pennies how broke are you clowns if you don't have $500,000 in investable assets you should get a job not fall for obvious scams

>>59397031
>1929 launched his Direct Pressure initiative. It required all member banks seeking Federal Reserve discount window assistance to affirm that they had never made speculative loans, especially of the stock-market variety.

>No self-respecting banker seeking to borrow emergency reserves from the Fed was willing to undergo such interrogation, especially given that a "hard-boiled" Federal Reserve was unlikely to grant such aid.

>The "Direct Pressure" letter required any commercial bank seeking to avail itself of Fed lender-of-last-resort assistance to show, beyond a shadow of a doubt, that it had never even thought of making "speculative" loans, particularly of the stock-market variety.

>Instead, the banks chose to fail (and the Federal Reserve let them), which they did in large numbers, almost 9000 of them. These failures led to the 1⁄3 contraction of the money stock, which, according to Friedman and Schwartz, caused the Great Depression.

>The result was a decade-long fall of real output and prices, which by the needs-of-trade logic of the real bills doctrine justified shrinkage of the money stock.

>Few bankers wished to expose themselves to such withering interrogation. To avoid such questioning, bankers refrained from applying for Federal Reserve emergency liquidity aid even though they needed it.

>This was especially so in the panicky situation of the October 1929 crash when bank depositors were seeking to cash in their checking deposits and take the cash from the banks. Instead of borrowing the reserves needed to meet the cash drain from the Fed and exposing themselves to "Direct Pressure" questioning, those banks failed in huge numbers

>>59396986
They still are, if they aren't outright 404'd on sight they get autosage'd

>>59397054
>The Pecora Investigation included a variety of conflicts of interest, such as the underwriting of unsound securities in order to pay off bad bank loans, as well as "pool operations" to support the price of bank stocks. A result of the Pecora Commission's findings, the United States Congress passed the Glass–Steagall Banking Act of 1933 to separate commercial and investment banking, the Securities Act of 1933 to set penalties for filing false information about stock offerings, and the Securities Exchange Act of 1934, which formed the SEC, to regulate the stock exchanges
Banking Committee's hearings ended on May 4, 1934, after which Pecora was appointed as one of the first commissioners of the SEC

>National City Bank (predecessor to Citibank) was the only commercial bank examined by Ferdinand Pecora before the 1933 Banking Act became law in June 1933

>While the Pecora Investigation made dramatic headlines and generated public outrage, critics at the time and since attacked the hearings for creating misleading or inaccurate accounts of the investigated transactions. Glass–Steagall critics have argued that the evidence from the Pecora Investigation did not support the separation of commercial and investment banking

>criticized all forms of "illiquid loans" including bank real estate lending
especially critical of bank securities activities. Willis identified bank investments in, and loans to finance purchases of, government securities during World War I as the beginning of the corruption of commercial banking that culminated in the "speculative excesses" of the 1920s

>>59396831
Being an American stacker is elite, I have moneys to throw around but sometimes I feel like I'm over zealous with it and should instead donate to India to put some tandoori chicken in iqdelet's belly. Nevertheless, I will go for my first local purchase, rAPeMEX has good deals but I'll wait it out.

>>59397071
I'm aware, its why I don't go to /pol/ for anything other than humor threads and happenings. Too many niggers and jews.
At any rate I need spring to arrive already for the predicted cheapies.

>>59397077
>identified the "unit banking" system of small, single office banks as a basic weakness of U.S. banking many small banks were not able to profit in the securities business, leading many small banks to push for deposit insurance. However, many large banks opposed deposit insurance because "they expected deposits running off from small, weak country banks to come to them".

>The The Glass-Steagall Act established the traditional bank regulation of separating commercial from investment banking, limiting deposit interest rate competition through rate limitations, and restricting competition for deposits based on financial strength by insuring depositors.

>It also ratified the existing policy of limited branch banking, thereby limiting competition among banks geographically. The resulting "government-enforced cartel in banking" allowed commercial banks to earn "high profits and avoid undue risk" until nonbanking companies found ways to offer substitutes for bank loans and deposits.

>The Conference Board Leading Economic Index is an American economic leading indicator intended to forecast future economic activity. It is calculated by The Conference Board, a non-governmental organization, which determines the value of the index from the values of ten key variables.

>These variables have historically turned downward before a recession and upward before an expansion. The per cent change year over year of the Leading Economic Index is a lagging indicator of the market directions.

>Revisions to The Conference Board Leading Economic Index effective with the January 26, 2012 release began using the new Leading Credit Index. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly

>>59397081
>donate to India
But sar, India number 1 pooperpower, we have many gold that are 100% real we would never lie on official statistics sar pls belief

>>59397116
>Money supply (M2) for some time remained a leading economic indicator in the United States, but lost its status as such in the Conference Board Leading Economic Index in 2012, after it was ascertained that it had performed poorly as a leading indicator since 1989.

>Also in the policy making of the European Central Bank from 1999, monetary aggregates, which were initially officially assigned a prominent role as one of two pillars upon which the ECB monetary policy rested, were assigned a graduately more peripheral role among the indicators informing the bank's interest rate decisions

>In its modern form, the quantity theory builds upon the following definitional relationship, formulated algebraically by Irving Fisher in 1911

>During the Great Depression unit bank failures grew.
Glass stated he had originally supported the "little bank" but as so many unit banks failed, he concluded they were a "menace" to "sound banking" and a "curse" to their depositors.

>>59397136
>The Federal Open Market Committee was formed by the Banking Act of 1933 (codified at 12 U.S.C. § 263), and did not include voting rights for the Federal Reserve Board of Governors.

>The Banking Act of 1935 revised these protocols to include the Board of Governors and to closely resemble the present-day FOMC, and was amended in 1942 to give the current structure of twelve voting members.

>the Banking Act of 1933 outlawed the payment of interest on checking accounts and also placed ceilings on the amount of interest that could be paid on other deposits.

>The 1933 Banking Act required all FDIC-insured banks to be, or to apply to become, members of the Federal Reserve System by July 1, 1934.


WE ARE HALF WAY THROUGH AMERICA'S FINANCIAL HISTORY ON WHY SILVER AND GOLD ARE SUPERIOR AND HOPEFULLY GIVE UNDERSTANDING TO PEOPLE PEOPLE LIKE IQ DON'T UNDERSTAND THE VALUE OF PRECIOUS METALS!

>Shipping Label Created, USPS Awaiting Item
>6 days ago

>>59397190
i'm reading with interest, so far it just sounds like a comedy about how retarded americans were/are

>>59397190
>limited the total amount of loans a member bank could make secured by stocks or bonds and permitted the Federal Reserve Board to impose tighter restrictions and to not limit the total amount of such loans that could be made by member banks in any Federal Reserve district.

>prohibited Federal Reserve member banks from acting as agents for nonbanks in placing loans to brokers or dealers.[16]

>required state member banks to provide its district's Federal Reserve Bank and the Federal Reserve Board and national banks to provide the Comptroller of the Currency a minimum of three reports on their affiliates

>regulated transactions between Federal Reserve member banks and their nonbank affiliates

>established criminal penalties for misconduct by officers or directors of Federal Reserve System member banks and authorized the Federal Reserve to remove such officers or directors;

>eliminated personal liability ("double liability") for new shareholders of national banks

>gave national banks the same ability to establish branches in their "home state" as state chartered banks in that state.

>Provisions of the 1933 Banking Act that were later repealed or replaced include (1) Sections 5(c) and 19, which required an owner of more than 50% of a Federal Reserve System member bank's stock to receive a permit from (and submit to inspection by) the Federal Reserve Board to vote that stock (replaced by the Bank Holding Company Act of 1956)

>provisions of the 1933 Banking Act required each Federal Reserve Bank to monitor local member bank lending and investment to ensure there was not "undue use" of bank credit for "speculative trading or carrying" of securities, commodities or real estate.

>>59397218
>Berle concluded that limited branch banking with deposit insurance would preserve small banks certain to fail in an economic downturn, as they had consistently in the past.

>While Berle shared Glass's hope that the new law's deposit insurance provisions would force all banks into the Federal Reserve System, he correctly feared that future Congresses would remove this requirement

>founders of the Federal Reserve desired to end financial panics. In order to achieve this end, they created a decentralized collection of reserve depositories – the Federal Reserve banks.

>They also wanted to remove control of the financial system from Wall Street. policymakers understood financial panics as resulting from speculative excess, especially on Wall Street

>The 1933 Banking Act established (1) the Federal Deposit Insurance Corporation (FDIC); (2) temporary FDIC deposit insurance limited to $2,500 per accountholder starting January 1934 through June 30, 1934; and (3) permanent FDIC deposit insurance starting July 1, 1934, fully insuring $5,000 per accountholder. 1934 legislation delayed the effectiveness of the permanent insurance system. The Banking Act of 1935 repealed the permanent system and replaced it with a system that fully insured balances up to $5,000 and provided no insurance for balances above that amount.[10] Over the years, the limit has been raised which reached up to its current limit of $250,000.

>the 1933 Banking Act thus fulfilled Congressional designs and, at least in its deposit insurance provisions, was resisted by the Franklin Delano Roosevelt Administration, it later became considered part of the New Deal.

Thanks to Larry Fink bitcoin won. Thank you larry

>>59396847
Constitutional silver fills the gap without much in the way of premium. There's an argument to be made that people will struggle to tell silver quarters apart from cupronickel though, so get some if you want but you're getting less for the money.

>>59395837
If you don’t hold it, you don’t own it. If you can’t protect it, you also don’t own it.

>>59397245
>Under certain conditions, all banks in the country were to be eligible for membership in this central institution. Its functions were to be essentially the same as those performed by the great central banks of Europe, namely, the holding and administration of the bank reserves of the country, the issue of an elastic currency based upon commercial assets, the rediscount of commercial paper for banking institutions, and serving as a depositary and disbursing agent for the Government.

>established the Federal Open Market Committee (FOMC) made up of representatives from each of the 12 Federal Reserve Banks (revised by the Federal Reserve Board-dominated FOMC established by the Banking Act of 1935 and later amended in 1942)

>prohibited interest payments on demand deposits (repealed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and allowing interest-bearing demand accounts beginning July 21, 2011) and authorized the Federal Reserve Board to limit interest rates on time deposits (phased out by the Depository Institutions Deregulation and Monetary Control Act of 1980 by 1986) both of which interest limitations were incorporated into Regulation Q, which prohibited Federal Reserve System member bank loans to their executive officers and required the repayment of outstanding loans (replaced by the 1935 Banking Act's regulation of such loans and modified by later legislation).

>important change was a new provision for deposit insurance. As Roosevelt demanded, deposit insurance was based on a sliding scale. Deposit balances above $10,000 would only be partially insured. As Roosevelt had suggested, deposit insurance would not begin for one year. Glass limited the deposit insurance to Federal Reserve System member banks in the hope this would indirectly lead to a "unified banking system" as the attraction of deposit insurance would lead banks to become Federal Reserve members.

>>59395861
All indicators show a market that has been heavily over bought and fuelled by speculation. Timing the top is like a game of musical chairs. If Trump is able to keep it going it’ll be a miracle.

>>59397263
>If you can’t protect it, you also don’t own it
that sounds terrible for pms as physical objects
all someone has to do to take it away is, well, take it
at least they have to torture you for a seed phrase

>>59397206
And yet every single country on earth fell in line and went along with it. The global fiat system grips every corner of the planet. Is it the average American citizens' fault for the system that we're in, or is there a cabal of elites the world over, scamming the 99%? Hmmmm, I wonder.

>>59395881
As did the Tulips, until it all comes crashing down.

>>59396762
>i guess they just went like "fuck it, they are gonna arrive anyway"
That's exactly why I did it. Not only that, but to rub it in the faces of the crypto spammers that also informs lurkers of the current brigading this general is under.

>>59397274
>United States v. Morgan, 118 F. Supp. 621 (S.D.N.Y. 1953), more commonly referred to as the Investment Bankers Case was a multi-year antitrust case brought by the United States Justice Department against seventeen of the most prominent Wall Street investment banking firms, known as the Wall Street Seventeen.[1][2][3]

Morgan Stanley & Co.
Kidder Peabody
Goldman Sachs
White Weld & Co.
Dillon Read & Co.
Drexel & Co.
First Boston Corporation
Smith Barney & Co.
Kuhn, Loeb & Co.
Lehman Brothers
Blyth & Co.
Eastman Dillon & Co.[5]
Harriman Ripley
Stone & Webster Securities Corp.
Harris, Hall & Co.
Glore, Forgan & Co.
Union Securities Corp.

Excluded from the case were a number of prominent Wall Street firms, including Bache & Co., Halsey Stuart & Co., Merrill Lynch, Pierce, Fenner & Beane and Salomon Brothers & Hutzler among others.

>>59397259
>There's an argument to be made that people will struggle to tell silver quarters apart from cupronickel though
Check the dates and sides. I get what you're saying though. Eventually people will have to learn. It's easier for normies to understand old coins than crypto in the long run.

>>59397293
i wonder if being able to grow more tulips had anything to do with it

>>59397325
Doesn’t it remind you a bit of being able to create an infinite amount of cryptos with flashy names and logos?

>>59397303
that's cool, an official stamp of approval to our presence here

>>59397334
hmm not at all, that would be the equivalent of growing an entire different flower (which is still a flower)

Can't help but feel like it's happening in the next few months

>>59397287
This holds true for anything that you hold. Physical assets or information. There is no difference. The degree to which it is accessible or not accessible determines the rate at which you own it. Mostly anything can be taken at gun point. That’s the reason why wars are fought.

>>59397311
1953
>New York banks suspended specie payments, meaning that they refused to redeem CREDIT instruments in specie at full face value

>Bank's directors raised interest rates from three to five percent and restricted some of the open trade practices that they had previously granted to American import merchants.

>Such as used loans and "retainer's fees",, assisted candidates for offices , Regularly violated its own charter.

>Small silver coinage, which retail businesses and consumers relied upon for minor transactions, soon began to disappear, forcing some businesses to pay premium values just to obtain change.

>>59397359
>Mostly anything can be taken at gun point. That’s the reason why wars are fought.

>>59397337
>our presence here
there aren't actually multiples of you faggots here and not a one is actually posting any sort of balance?

>>59397367
Federal Reserve act: TITLE 2—THE CONGRESS

>Section 201 amended legislation regarding the San Francisco Assay Office[62] to allow coins to be minted there (as they previously were when it was the San Francisco Mint) until such time as the secretary certified that the mints of the United States were able to strike sufficient coins to meet the needs of the nation. It also repealed a provision of law not allowing gold or silver to be refined at the San Francisco facility. Section 202 increased the amount appropriated to expand Mint facilities (including the construction of the new Philadelphia Mint) from $30 million to $45 million. Section 9 of the Gold Standard Act of 1900 had required the Treasury Secretary to melt silver coins that were worn or no longer current, and restrike them into new ones; this was repealed by section 203 and the secretary was given authority to withdraw and melt all worn or uncurrent coins without needing to reuse the metal in coinage.[66]

>Section 204 amended the Coinage Act of 1873, which required the year of striking to appear on coins. During the 1965 or subsequent coinage emergency, the secretary could continue to strike coins dated with a year that has passed, with the silver ones in the present crisis to be dated 1964, and the clad ones 1965 or after. The House Banking Committee added language to Johnson's proposal, eliminating mint marks on coins for up to five years, excepting the mint mark "D" for Denver on 1964-dated coins struck there

>Another Mint account, the minor coinage metal fund, used to purchase copper and other metals for cents and nickels, was redesignated the coinage metal fund by section 206, usable for all denominations, and that section eliminated statutory limits on how much money can be in that fund

>>59397348
Yeah, just like the sign tapper meme predicts. An official declaration of war with Russia and China by the west. It will send precious metal prices skyrocketing.

>>59397347
Not a different flower, but a tulip of a different color, I’d argue. The fundamentals are the same. At least tulips are limited by arable land which is much more finite and is not divisible without destroying the flower - compared to the limitation of crypto which can nearly be divisible to the infinite and being limited to the theoretical maximum energy production.

>>59397359
yes that's not false, the difference is having to violate international human rights or not
a swat team could legally enter your house with ease after a random bullshit terrorism accusation
at that point, they would just take the gold because it's an object that they can physically move

>>59397347
>>59397407

The amount of cope bitcoiners have to rely on is astounding

>>59397407
>The fundamentals are the same
yes the code looks the same, but the network isn't
at that point it becomes a matter of popularity, kinda like creating a copy of facebook today and expecting it to be the same thing as facebook

>>59397383

>Section 208 repealed a provision of the 1873 act requiring coinage dies for the obverse, which are dated, to be destroyed at the end of each year.

>Section 209 rephrased statutory provisions allowing the Treasury to sell silver at a price not less than $1.292929 per ounce, and allowed it to sell silver to other government departments for less

>Section 210 repealed the 1933 provision regarding the legal tender status of coins. The law prior to 1965 made it a felony to forge silver coins; this was amended by section 211 to forbid the counterfeiting of coins with denomination greater than five cents

>Section 212 made using coins as security for loans a misdemeanor if the secretary has made a proclamation in the Federal Register proscribing their use as collateral

>Sections 301 to 303 establish a Joint Commission on the Coinage in the Executive Branch, chaired by the Treasury Secretary. Its membership was to include the Commerce Secretary, Budget Director, Mint Director, six members of the House, six of the Senate, and eight members of the public, appointed by the president. If a member of the commission left the position that qualified him for membership, he would leave the commission as well. The members of the public were not to have any financial conflicts of interest.

>there is no legal definition of the term "dollar" to be found in any U.S. statute.[7] Current statutes regulating coinage in the United States may be found in Title 31 of the United States Code.

>>59397423
So is bitcoin Facebook or MySpace?

>>59397433
>Before 1950, the laws establishing the FDIC and FDIC insurance were part of the Federal Reserve Act. 1950 legislation created the Federal Deposit Insurance Act (FDIA).

>The Committee must reach a consensus regarding the appropriate course for policy, which is incorporated in a directive to the Federal Reserve Bank of New York—the Bank that executes transactions for the System Open Market Account.

>The statute requires that the Chairman appear before the House Committee on Financial Services in February and July of odd-numbered years, and before the Senate Committee on Banking, Housing, and Urban Affairs in February and July of even-numbered years.

>general feeling that stocks were overvalued and were certain to undergo a correction, the decline of the dollar, persistent trade and budget deficits, and rising interest rates.[81] According to Shiller, the most common responses to his survey were related to a general mindset of investors at the time: a "gut feeling" of an impending crash", perhaps driven by excessive debt.

>There was a common perception that the market was overpriced, and that a correction was certain to occur. At the same time tight monetary policy and a market expectation of continued tightening were driving up interest rates. Bad trade figures from August were announced in October. This created an anticipation that the Fed would raise interest rates again.

>in the 1999 Gramm-Leach-Bliley Act (GLBA), which repealed the two provisions restricting affiliations between banks and securities firms.. The 1933 Banking Act's separation of investment and commercial banking is described in the article on the Glass–Steagall Act. Institutions were given one year to decide whether they wanted to specialize in commercial or investment banking

>>59397447
i'm quite sure bitcoin is bitcoin
hard to compare it to anything else

>>59397447
Friendster

>>59397462
Except the other thousands of cryptocurrencies

>>59397477
yeah, exactly
>other

>>59397488
Kek good luck anon

>>59397454
>With recession lingering and interest rates remaining high, one hears increasingly that the Fed should abandon its money growth targets and move to a policy of lowering interest rates to full employment levels. All would be well, we are told, if only the Fed would set a fixed low interest rate target consistent with full employment and then let the money stock adjust to money demand to achieve that desired target rate. In effect, this means that the Fed would relinquish control over the money stock, letting it expand as required in a vain effort to eliminate discrepancies between the market rate and the predetermined target rate. This low target interest rate proposal has much in common with the long-discredited real bills doctrine, according to which the money supply should expand passively to accommodate the legitimate needs of trade.[14]

1971
>The Nixon Shock had profound long-term effects on the global economy:

>The End of the Bretton Woods System: By suspending the dollar's convertibility into gold, Nixon effectively dismantled the Bretton Woods system. This led to the transition to a system of floating exchange rates, where currencies were valued relative to each other based on market conditions, rather than being pegged to gold or another standard.

>Rise of Fiat Currencies: Without the gold backing, the U.S. dollar and other currencies became fiat currencies, meaning their value was based solely on government decree and market trust, rather than a physical commodity like gold.

>Global Economic Shifts: The shock also signaled a shift in the balance of economic power. As the U.S. dollar became less anchored to gold, other countries adjusted their exchange rate policies. The devaluation of the dollar and the end of the gold standard led to inflationary pressures in the 1970s, contributing to the global energy crisis and the stagflation that plagued many economies during that time.

>>59397410
We can both create theoretical situations to either of our benefit. However, physical assets with tangible use and information that is non tangible can be taken from you. The value of that asset or idea is determined by the individual or entity wanting to take it from you. Doesn’t matter who or what wants it, the degree to which you can maintain it determines whether you own it. The number of vectors of attack can increase or decrease depending on whether it is online or offline. Online accessibility facilitates low barriers to access, compared to offline. The whole world cannot show up at your door and seize your physical assets, they must travel to you. Anyone with sufficient means (capability and capacity) from around the world could access your online assets. The degree to which you create barriers and can enforce them determines your level of ownership. A state actor can as easily obtain you cryptos as they would barging in your door to get physical pms if they intend to do so.

>>59397501
to better understand the meaning of that post you may be interested in looking at how "bitcoin cash", or "BSV - bitcoin satoshi's vision" are currently doing
or maybe "ethereum" vs "ethereum classic"
they even have the same name! that's like having "tulip" and "tulip classic", basically the same thing in different colors
but thanks for the good wishes!

>>59397423
In your example, you show the danger of technology. It follows a hype cycle. Xanga, Friendster, MySpace, Facebook, Instagram, TikTok… each deemed infallible and best of its kind for its time. Technology stays around until it gets phased out for something better. Its interest is based on its popularity in an instance of time. Commodities stay around for millennia and beyond.

MSTR is liquid e_gold

>>59397504
>Under inflationary pressure in 1979, the Fed temporarily abandoned interest rate targeting in favor of targeting non-borrowed reserves. It concluded, however, that this approach led to increased volatility in interest rates and monetary growth, and reversed itself in 1982.

>DJIA) rose from 776 in August 1982 to a peak of 2,722 in August 1987


1987
>After Black Monday, regulators overhauled trade-clearing protocols to bring uniformity to all prominent market products. They also developed new regulatory instruments, known as "trading curbs" or "circuit breakers", allowing exchanges to temporarily halt in instances of exceptionally large price decline; for instance, the DJIA. The curbs were implemented multiple times during the 2020 stock market crash.

>On the morning of Wednesday, October 14, 1987, the United States House Committee on Ways and Means introduced a bill to reduce the tax benefits associated with financing mergers and leveraged buyouts. Unexpectedly high trade deficit figures announced on

>October 14 by the United States Department of Commerce had a further negative impact on the value of the US dollar while pushing interest rates upward and stock prices downward.[10] As the day continued, the DJIA dropped 95.46 points (3.81 percent) to 2,412.70, and it fell another 57.61 points (2.39 percent) the next day, down over 12 percent from the August 25 all-time high. On Friday, October 16, the DJIA fell 108.35 points (4.6 percent)

>an extended liquidity crisis in the securities industry began to threaten the solvency and viability of brokerage houses and specialists. This possibility first loomed on the day after the crash. At least initially, there was a very real risk that these institutions could fail. If that happened, spillover effects could sweep over the entire financial system, with negative consequences for the real economy as a whole.

>>59397511
>A state actor can as easily obtain you cryptos
yes, by offering deals or threatening you, basically with your collaboration
otherwise please go ahead and describe how step by step

>>59397488
same difference

>>59397410
>a swat team could legally enter your house with ease after a random bullshit terrorism accusation
I've seen this posted several times on /biz/ as an argument against PMs. It's as if it's off a script...

crypto nerds will seethe

>>59397547
>Investors needed to repay end-of-day margin calls made on October 19 before the opening of the market on October 20. Clearinghouse member firms called on lending institutions to extend credit to cover these sudden and unexpected charges, but the brokerages requesting additional credit began to exceed their credit limit. Banks were also worried about increasing their involvement and exposure to a chaotic market. The size and urgency of the demands for credit placed upon banks was unprecedented. In general, counterparty risk increased as the creditworthiness of counterparties and the value of collateral posted became highly uncertain.

>second explanation for the crash lies in a crisis of confidence in the dollar created by uncertainties regarding the viability of the Louvre Accord.

>over the next 18 months, reaching over 2.04 marks per dollar and 160 yen per dollar, in tandem with the Federal Reserve raising interest rates aggressively, from 6.50% to 9.75%

>deliberately let both interest rates and the value of the dollar fall to provide liquidity. They later resumed some interventions on behalf of the dollar until December 1988, but eventually it became clear that "international currency coordination of any kind, including a target zone, is not possible."[127]

>The crash of 1987 altered implied volatility patterns that arise in pricing financial options. Equity options traded in American markets did not show a volatility smile before the crash but began showing one afterward.[128]

>The US dollar continued to weaken in 1987 against the Deutsche Mark and other major currencies, reaching a low of 1.57 marks per dollar and 121 yen per dollar in early 1988

>all these turbo niggers trying to write a doctorate thesis on crypto
>on a Laotian rock collecting forum
Really activates them neurons, huh?

>>59397553
How would this differ to your example of them barging in to steal your pms? You can go bury your pms in some random area of the woods and no one will ever within your lifetime find it and they would still need to offer deal or threaten you to obtain it. It’s a moot point. The argument still stands when it comes to ownership.

>>59397558
Thats preposterous, its not as if this general has had a dedicated shill for several years.

>>59397567
1990s
>Monetary policy during the 1990s largely involved managing interest rates to balance growth and inflation. The Fed often lowered interest rates in response to slowdowns (such as in the early 1990s) and raised them to prevent overheating in the economy (as during the late 1990s)

>Omnibus Budget Reconciliation Act of 1993, Omnibus Budget Reconciliation Act of 1993, signed by President Bill Clinton, played a role in fiscal policy, which indirectly affected monetary policy. This Act aimed to reduce the federal deficit through tax increases and spending cuts.
It helped stabilize the U.S. economy, allowing the Fed to focus on inflation control rather than deficit issues, contributing to the longest economic expansion in U.S. history at that time.

>Financial Services Modernization Act of 1999 (Gramm-Leach-Bliley Act). Repealling the Glass-Steagall Act of 1933, which had previously separated commercial banking from investment banking. The Gramm-Leach-Bliley Act allowed commercial banks, investment banks, and insurance companies to merge, leading to the creation of larger financial institutions.

>The Act also included provisions for protecting consumers' personal financial information. It significantly changed the regulatory framework of U.S. financial institutions, expanding their scope and creating a more integrated financial system.

>Federal Reserve responded by lowering interest rates and providing liquidity to the economy. These measures helped stimulate recovery by mid-1992, setting the stage for the 1990s economic boom.

>the creation of the Euro in 1999. While this is primarily a European monetary policy issue, it had global implications. The introduction of the Euro as a common currency among 11 European Union countries marked the beginning of a new phase in European integration and economic policy.

>The launch of the Euro and the European Central Bank (ECB) was a major step in creating a unified economic and monetary zone within the EU.

>>59397542
that's true, but basically the actors that could replace btc network with something else are the same that are balls deep in btc network
why would they damage themselves?
myspace devs weren't the same that created facebook, see the difference here?
>for millennia and beyond
hmmm yes, except they won't be scarce anymore. For millennia we weren't able to travel into space, then we just did. Pms are not inherently scarce, there are asteroirds full of them all around our planet. If your time window is of that magnitude, you can forget about scarcity, since they are simply elements that exist in nature - and the more important they are, the sooner we'll get to them

Just so everyone hears the truth at least once about why there's a neverending voice for the cryptocurrencies, consider the following:
See, God is real, and so is the enemy of God. And God is spirit (words of truth), and obviously, the enemy of truth is also spirit (words of lies)
If something is real, then it's also true, and if something is true, it's also real. The enemy of truth is always a counterfeit, a replacement, or an alleged representation of truth, but not the real thing. for something to be real doesn't mean you have to be able to see it, but it has mass. Even air has mass yet is, in most circumstances, invisible to the eyes.
Energy in the form of electricity is real too, but it is the work or transfer of work from one place to another. Electricity itself is neither the work nor the benefit, but the cost of cryptocurrencies, meaning it's a work vacuum.
There's some very old sayings regarding services to masters, like "You can't serve two masters, because you will love one and hate the other"
Elon said "If A.I. we're sentient we wouldn't even know it" and I'm pretty sure that's extremely accurate.
There's nothing new going on here, it's the same enemy of reality and truth trying to counterfeit, confuse, misdirect, and deceive the world to destroy itself employing envy, chaos and covert covet means, pridefully and boasting about the temporal to rob us all of the eternal.
So recognize who's really talking and being a constant first responder towards these threads. It is a manifestation of counterfeit similacrum coming to steal, kill, and destroy but pretending to give, empower, and build.

>>59397583
It was in other threads, specifically SWAT team (they didn't capitalize it) and 'bullshit terrorism'. The other threads were criticizing crypto for being the ponzi scheme that it is.

>>59397317
>Check the dates and sides.
Yeah, it's dead simple but people are absolutely retarded, I've lost faith in my fellow man. The elderly in particular would get scammed by non-silver coins left and right and that hurts to imagine. Digital funny money can be made easier to use at a surface level, but there's still zero chance the people getting scammed by bad "constitutional" coins would be able to use an electronic payment method even then.

>>59397612
>The repeal of Glass-Steagall (as mentioned above) was just one example. There were also increased privatizations and the growth of global financial markets.

>North American Free Trade Agreement (NAFTA), signed in 1993, created a trilateral trade bloc between the U.S., Canada, and Mexico.
This increase in trade and financial flows across borders affected U.S. monetary policy and international monetary systems.

>The 1990s were marked by a boom in stock markets, partly fueled by the growth of the internet and technology stocks (leading up to the Dotcom Bubble at the end of the decade), which saw massive inflows of investment.

Dotcom Bubble of 99'/00'
>the rapid rise and fall of stock market valuations of internet-based companies in the late 1990s. As the internet became widely accessible and the potential for online business was recognized, investors poured vast amounts of money into companies with ".com"

> In early 2000, reality began to set in. Many dotcom companies failed to deliver profits, and investors started questioning the overinflated stock prices. As interest rates rose, venture capital became more expensive, and the market sentiment began to shift. The bubble burst in March 2000, triggering a sharp decline in stock prices

SOUNDS LIKE SOMETHING FAMILIAR REGARDING THE LETTER "AI" OR "CRYPTO"

>>59395679
sea shells < gold < Bitcoin

>>59397582
>You can go bury your pms in some random area of the woods and no one will ever within your lifetime find it and they would still need to offer deal or threaten you to obtain it.
that's true, except when someone actually finds them (even by accident) if they are not hidden perfectly, good enough to somehow avoid metal detectors etc
they are simply harder to hide because they are big and cumbersome, you have to transport them there, you are not able to use them in any way as long as they are hidden
are you really telling me that hiding words in your mind is EXACTLY THE SAME as safely hiding physical objects? i understand trolling but come on

>>59397616
Someone that creates an alternative to bitcoin does not need to be “balls deep” in the bitcoin network… what makes you say this? It’s just a technology and network. A new technology could replace it or another network could outgrow it.

>>59397624
bro yes, i'm the same person of those threads, what a surprise
i read the same things, i reply in the same ways
the guy that talks about hiding gold in the woods is the same from the other thread as well, so? we are like 5 different people in total on biz, grow up

>>59397624
Didn't see but don't doubt.
A lot of the argument are recycled if not outright copy paste, its why I don't even bother giving them (You)s at this point

>>59397641
Dodd-Frank Wall Street Reform and Consumer Protection Act
>Dodd-Frank is the creation of the Consumer Financial Protection Bureau (CFPB). The CFPB is an independent agency responsible for regulating consumer financial products and services, such as mortgages, credit cards, and student loans. Its mission is to protect consumers from predatory lending practices and ensure transparency in financial products.

>Volcker Rule restricts the ability of banks to engage in proprietary trading (trading for their own profit rather than for customers) and limits their investments in hedge funds and private equity.

>Dodd-Frank established a framework for identifying and regulating Systemically Important Financial Institutions (SIFIs) — large financial institutions whose failure could pose a risk to the stability of the entire financial system. These institutions are subject to heightened regulation and oversight by the Financial Stability Oversight Council (FSOC), which was created by the law.

>Large financial institutions are now required to undergo stress tests conducted by the Federal Reserve. These tests assess a bank’s ability to withstand economic shocks, such as a recession or financial crisis. Banks that fail these tests are required to take steps to strengthen their balance sheets.

>introduced reforms to improve the accuracy and accountability of credit rating agencies, which were criticized for assigning overly optimistic ratings to risky securities during the financial crisis.

>The law grants the Federal Deposit Insurance Corporation (FDIC) the authority to wind down failing financial institutions that pose a systemic risk to the economy. This authority was meant to prevent taxpayers from bailing out banks in the event of a collapse, as was seen in the 2008 financial crisis with institutions like Lehman Brothers.

>>59397652
>A new technology could replace it or another network could outgrow it.
Hedara will, as far as functionality as a medium of ease of use and security.

>>59397652
yes, in the end you are not wrong
we just have several examples in tech for both the narratives, some examples are COBOL and javascript, dinosaurs outdated tech still around because they are wildly used/popular and replacing them with something else would be uncomfortable
the network makes the crypto and that's not easy to replace on a global scale, the more it gets adopted the harder it gets

>>59397616
Why would major investors in one tech stock invest in a competing tech stock? The answer to that question would tell you why someone deep into BTC would compete against BTC because they divest to find new growth opportunities and better technologies.

Just because space travel has been discovered does not mean that asteroid mining makes commodities non valuable. It takes resources (energy) and technologies to obtain, which does not at this moment exist. Your conclusion does not follow your premises and therefore your argument is unsound. You’d have a stronger (but still unsound) argument if you had argued that a vast majority of earth is unexplored and un-mined and that there are vast reserves likely not yet found. However just like the 1,000 tons of gold found in China and touted as the largest reserve, it’s 2,000-3,000 meters below the crust and has to be extracted and refined. This work (energy, resources and money) reflects the price of gold. Similarly the cost of space flight to many millions of kms to extract resources from other planets and asteroids in heavy radiation exposed areas would reflect the cost of the commodities. We haven’t even been able to travel to another planet yet, and we are highly unlikely to pass the great filter. Making investment decisions with a time horizon beyond 20-50 years seems a bit steep to dismiss an asset class. I’d be more worried about the next tech hype cycle.

>>59397687
Yes ultimately the only value to a cryptoCURRENCY is its utility and use as a currency. That’s why bitcoin’s store of value narrative is so silly. It’s just giving up on being a currency and opening the door to a replacement.

>>59397695
> which does not at this moment exist. Your conclusion does not follow your premises and therefore your argument is unsound.
you talked about millennia bro, that sounds like a long ass time for us not to have developed space mining
google AstroForge, their next mission is early 2025. It's still early but it could happen way earlier than you think, tech space is advancing very rapidly as we speak

>>59397695
What a lot of fags tend to forget is that we've reached unsustainable levels of nigger subsidizing and jewish scheming, there are too many niggers and jews to maintain the technological growth and economic prosperity that offworld mining would require. They also bring up off world mining as if we aren't on the precipice of massive bubble popping setting us all back even further.

>>59397650
You can also be struck by lightening. Really? Perfect hiding spot? Storing your encryption key on an electronic device would be far more risky. If you want it in cold storage, it’s accessible like any other physical medium. Storing it in your mind is a risk to you, due to your ability to forget or events that will make you forget. Once forgotten it is lost forever. Your pm is not.

>>59397666
>Basel III banking regulations, developed internationally in response to the global financial crisis, continued to influence U.S. banking regulations in 2016.

>Basel III aimed to improve the resilience of the global banking system by requiring banks to hold higher-quality capital and maintain liquidity buffers.

>The Economic Growth, Regulatory Relief, and Consumer Protection Act (2018)

>modified parts of the Dodd-Frank Act and introduced a gradual rollback of some regulatory requirements for community banks and credit unions. Key provisions of this act included:

>Raising the threshold for enhanced regulatory scrutiny: Banks with less than $250 billion in assets were no longer subject to the "too big to fail" regulations under Dodd-Frank, such as the stringent stress tests and the Volcker Rule (which limits proprietary trading by banks).

>Simplified capital rules for small banks: These changes reduced the regulatory burden on smaller banks by providing simpler capital requirements and regulatory frameworks.

>Easing mortgage requirements: The act also eased certain mortgage lending regulations for smaller lenders, particularly in the areas of home equity lines of credit and mortgage servicing.

>financial reform landscape was characterized by a continued shift toward deregulation and flexibility for smaller financial institutions and the growing fintech sector.

>Efforts to relax some of the more stringent regulations from Dodd-Frank were a hallmark of the year, particularly in areas like the Volcker Rule, capital requirements for smaller banks, and the CFPB's shift in approach.

>At the same time, regulators continued to focus on addressing emerging risks in the digital economy and maintaining financial stability, while ensuring that consumer protections remained in place.

>>59397733
not really. Since it's just a sequence of words, you can apply as many security layers as you like. You can even have an encrypted version of your seed phrase tatooed on your skin if you want, and no one would be able to do anything with it even if they read it. Safely storing a sequence of words will always be easier than doing the same with physical objects. You can read an example here >>59373344

>>59397191
it isn't getting delivered today :|

>>59397745
>Signed into law on March 27, 2020, the CARES Act was a $2.2 trillion economic stimulus package aimed at providing financial support to individuals, businesses, and healthcare providers

>Direct financial assistance: Direct payments to eligible individuals and families.

>Paycheck Protection Program (PPP): $349 billion (later extended) in forgivable loans to small businesses to help them retain employees.

>Expanded unemployment benefits: Enhanced federal unemployment insurance to support those who lost jobs due to the pandemic.

>Relief for large industries: Funding and loan guarantees for businesses in sectors severely impacted by the pandemic, including airlines and other critical industries.

>Federal Reserve took extraordinary actions to support the economy, including lowering interest rates to near-zero levels and launching massive quantitative easing programs to ensure liquidity in the financial system.

>The Fed also set up emergency lending facilities to support credit markets, including the Main Street Lending Program for small and medium-sized businesses and the Corporate Credit Facilities to support larger businesses


THUS APPROACHING THE CURRENT DAY WHERE WE CAN SEE HOW AND WHY THE ECONOMY IS INTEGRATED AND HOW UNEDUCATED THE AVERAGE CRYPTO BRO IS

I hope everyone has enjoyed this histroy lesson form ToddsPMG and hopefully regard the history of the economics with their future investments.

>I chose Silver and gold for my future hedge

>>59397733
No seriously this retarded faggot brought up a space "mining" startup whose first mission was essentially launching a satellite, and cant even get their second mission off the ground. Nigger isn't even trying.

>>59397713
Yes millennias have proven commodities. Software tech cycles last much shorter, usually a few years and decades at most. Artemis mission has yet to get us back to the moon, is massively behind schedule and is further delayed. Current rockets can only carry about 2-4% of its weight capacity into orbit. Do the calculations on the cost of mining and bringing the ore back to earth safely. It’s safe to say that commodities will be here for millennia more. We’re more likely to end civilisation through extinction events than to make commodities obsolete.

>>59397764
who tf is Todd? and why is /pmg/ his?

>>59397769
Yeah, sadly the guy is lost.

>>59397733
moreover
>Once forgotten it is lost forever
so if you lose your memory you'll somehow still remember where you hid your gold? the only possible explanation for that is that it wasn't well hidden at all

>>59397773

>>59397785
It was to show how poorly formed your argument is, by providing silly red herrings as you did. Unreasonable events that are irrelevant to 20th sigma.

>>59397773
He milks pmg for 300% premiums on tacky rounds, which he then invests in bitcoin and pmg simps thank him. Lmao

>>59397772
>It’s safe to say that commodities will be here for millennia more.
of course they will, there will just be a lot more of them around. Since it's a natural element without an artificially defined max supply, we'll find and get a lot of more. We are historically pretty good at getting resources from our surroundings. Think about it, the only possible explanation for why we won't get more pms is that it was never worth to do it, meaning that pms have a max price cap that was never exceeded. Which sounds equally bad for pms holders

>>59397799
bruh you are arguing that hiding cumbersome physical objects is as hard as hiding a sequence of words
that would never ever be logically true no matter the context, it's simply false as a general statement, no matter how hard you climb that mirror

>>59397809
Commodities get increasingly more difficult to obtain as the easier commodities get consumed. We are still constrained to earth to mine commodities due to energy, resource and monetary costs. Proposing that we can suddenly easily mine in space and that commodities therefore have no future compared to crypto’s is ludicrous. Take your risks and I’ll take mine.

>>59397809
Maybe if we didn’t live in reality and there weren’t real world costs to finding and mining metals, then yes we would have much more of this stuff.
I hear the earths core is 100% gold.

>>59397826
You can also place a pm in a vault and hide the code in your mind. You’re providing a logical fallacy.

>>59397847
>>59397853
but the sentece "it will never be worth it to increase the available supply of X" has an implication to it, doesn't? it means that X's price simply never crossed that threshold, meaning it has a well defined cealing
costs decrease at tech advances; launching a rocket into space is today 65% cheaper than it was just some years ago, thanks to spaceX researches. There are pretty smart people right now whos fulltime job is doing exactly that. Does your investment strategy rely on human progress to slow down? If pms are so important for humanity, their scarcity is a serious issue, that we'll try to solve as fast as we can; having more of them will benefit us all. You are rooting for humanity, right anon? ... right?

>>59397861
and force opening a vault violates international human rights, correct? it's not like someone can do that legally if they have a warrant... right?

>Can't see the spam
Luv me filters, simple as.

>loses 80%
>Luv me premiums, simple as

>>59397897
Is there gold and silver that we know about that isn’t currently profitable to mine? I don’t think anyone is arguing against that. As price goes up, more mining opportunities arise.

>>59397908
when i read this i always wonder, do these retards also hide everyone who answers? because if not, they are pretty much reading the content anyway

>>59397925
yes, thus increasing the supply, which sounds pretty bad for a store of value

>>59397773
It isn't mine. I used PMG as an homage to the place where I lurked for years until I decided to start my entrepreneurship career at the beginning of this year. I figured PMG isnt going to be around forever so I wanted to preserve the culture.

>>59397928
Filters automatically hide the people responding to the Filtered post

>>59397939
It’s just supply and demand of a scarce finite resource. If price goes up and opens up more mining opportunities then the price would need to remain at that level to keep that mine open.
Also as the other anon pointed out, the easier stuff to mine gets mined first. So you say it is a ceiling, but it really is more of a floor on price.

>>59397957
ahh thank you, so the guy is basically reading an essay about the history of money in the usa

>>59397948
>I figured PMG isnt going to be around forever so I wanted to preserve the culture.
Good thing the mintanon rounds exist without him attempting to claim ownership of "PMG"

>>59397962
yes but that's the thing, it's not inherently scarce; it is right now on Earth, but that could change quickly than we predicted. Moreover, the market will try to frontrun this supply increment; sellers won't wait for space mining to be 100% full operational, but instead they will likely react to the first good news about it

I got more 2021 Canadian 2toz werewolf coins in. Decided to try toning one, leaving it in the fridge overnight.

>>59397991
I’m not talking about space mining… that’s your go to but it’s just silly. Good luck anon.

>>59395861
Filter them out mate.
/bitcoin|btc|crypto|kyc|kektop|stacktard/i

>>59397978
The anime prospector round and WAGMI round literally has pmg on it. I understand the business end of competition and what not; but to actively lie is absurd.

>>59398009
Yes, it has pmg on it because it is a round for pmg by pmg. It doesn't say "mintanons pmg" because that is silly. Aputannia had pmg on it and is more preservation of the culture here than your shoehorning of your products in to this general

>>59397998
You have to eat all of the eggs.

>>59397908
He's mad you filtered him.

>>59398063
It's only 3 lol. If I like the toning tomorrow morning it's breakfast. If I want it toned more, then dinner.
I think I finally got my overeating under control. The steaks I was posting over the summer was me eating healthy. It's the pizzas I wasn't posting that made me a fatass. I can drink in moderation now, even went to a few bars to try to meet women. I met an actual cute one but she was into crypto (not a joke) and decided to not want to get to know her after that night, but it was a huge confidence boost since my last relationship a few years ago.

>>59398027
My products came from this general. The first round was the Aspie Sitting Liberty. Made and reworked by pmg; which I paid for out of pocket, I didn't take pre-orders and force the masses to wait months before fulfilling their orders; I set up a 3 day shipping after I minted my rounds to ensure what is happening with the pirate round didn't happen to me. My next round; out of pocket, was the trump round. And finally; with the help of one of the most legit silver artists around, I am making a round that rivals Golden State mint and Scotsdale in both quality and price. Again, out of my own pocket. So, before you go comparing me as a big bad business person or start hating on me because I am 'Shoehorning' products. Think about how I am a person who hasn't lied once about anything and have always delivered on every promise I have made. Just take that everything I said into consideration.

Hell I just did a huge lesson about the history of American Economics and Financial Crises just to show how knowledgeable and informed I am about the precious metals industry and its importance to fiscal responsibility.

>>59398071
fuming i'd say, i can barely type with anger tears in my eyes
>>59397962
>>59397999
hmm alright, i guess that printing fiat has a floor as well, like the cost of the paper, ink, energy for the printers
anyway, checked, and good luck to you

>>59397908
I keep the stubs just so I know how bad things have gotten/how stupid my fellow stackers are being for replying to them.

>>59398119
All of your efforts are overshadowed by your attempt to claim ownership of the name of the general. You are clearly an outsider to this place

>>59398119
Hey you're following your dreams man! Congratulations.

>>59398071
>He's mad you filtered him.
He's mad that I'm also reminding other anons of their filter options.

>>59398142
All of your attempts to fud me are in vain. Just understand I don't care that you are going to actively be a cunt about it. I have been here since the 2019 and will continue to be here. If you value on who has been here longest, I am surprised you don't sniff IQ farts whenever it posts

>>59398160
Silver shills insist everyone else filter. They cannot risk newbs finding out about the silver scam and 80% losses, but they themselves don't filter they need to argue against the truth

>>59398145
Thank you! A few threads back I posted the next round pertaining to biblically accurate angels:
Cherubim and Seraphim

>>59397106
> predicted cheapies
There's no guarantee this will happen though. I'm just gonna keep buying every month.

>>59398188
Funny how you ignor my entire history of why Silver and Gold matter; and how crypto is inherently retarded because of the historical backdrop that led to its production.

Looks like I timed my sell correctly. BTC is dropping like a rock today, and I got my French rooster orders in before gold price shot up this morning.

>>59395679
You cycle crypto gains into pms you baiting jew

>>59395679
>thinks he's a state
>ngmie

https://youtu.be/DyV0OfU3-FU?si=G2pue3tgd-1TZT2P

is mintanon still shipping? Still no confirmation email

Google just announced a major breakthrough in quantum computing today. Digital assets are going to get torn up because of this.

>>59398201
Lmao was that your 10,000 words you spammed? I own more gold and silver than all you brokies combined. It's not that pm shouldn't be part of a portfolio it should be 5 or 10% after you have $1 million invested in other things. Brokies shouldn't be buying one ounce and then spending 20 hours praying the world ends so they get a virgin they should be getting rich but they don't since they are lazy losers. Everyone who posts pictures of metal here except minty is a broke loser and they hate crypto cuz it made them fools

>>59398314
google Shor's algorithm, brother
also if RSA gets broken, BTC (or shiny rocks) will be the last thing we'll have to worry about

>>59398229
based chicken appreciator

>>59398317
>I own more gold and silver than all you brokies combined
Pics or it didn't happen.

>>59398314
>The sterile asset safe is no longer safe from quantum computing

>>59398317
>poor people shouldn't own assets because they are poor

I bet you think people who never owned land before shouldn't own land because they just haven't done it before; best to leave the land owning to those with experience owning it?!

>>59398314
Worth noting that this is a revolution in technology like the internet is.

>>59398197
Likewise, i just want more cheapies.

>>59398351
we'll be asteroid mining way before we manage to break RSA with a quantum computer

>>59398335
Lmao you have probably spent 5000 hours obsessing over your $500 stack. You could have earned $100,000 by working now you still have nothing. Stupid. I'm sure you won't get it though.

>>59398314
Funny as it would be
I'll believe it when I see it and it isn't some jeet making claims

>>59398353
Classic brokie cope, you lost $ but can't afford to invest more because you are poor....lmao, income problem

>>59398366
Like everything else; you are wrong on that bet. I would elaborate. But you are stupid. Not American. I would bet that you cant even pass a simple background check to get a business license because of how shitty of a human being you turned into. I know it isn't your fault you turned out this way; but the only thing I can do is verbally abuse the dipshits in the world who think they are superior because they aren't actively in a relationship, have family who loves them, or even a comfortable place to lay their head down at night. I truly believe everything bad that is and has happened to you is because of your own impotence and emotional immaturity. If you wanna play big bank takes little bank; lets play. I know I have far more in wealth, health, love, and educational accreditation than you can even attempt to conjure into words.
>I honestly enjoy practicing my verbal abuse and hope you reply so I may continue dunking on you, ya fucking maroon

>>59397259
Isnt the premium worth it becasue the premium buys you a store of vaule, which would be liquid asstes (because you have so many quarter ounce coins to trade or sell) and confidense (pure silver which will be recogniceable to buyrs)

>>59397764
>I hope everyone has enjoyed this histroy lesson form ToddsPMG
No. You simply ruined the thread with your 50 walls of words, congrats.

>>59398451
>>59398451
Thank you! I figured my 50 walls of words was more informative than the 50 walls of crypto shills saying
>nu-uh
>yea-hu

>>59398450
>because you have so many quarter ounce coins to trade or sell)


Lmao, muh collapse muh barter

>>59398440
unfathomably based. you have a new customer todd.

>>59398440
I wish you the best in milking the retards of pmg I respect your work ethic and seriously upgrade your shitty designs into something autistic and simpler like minty does, these losers have no friends so they want to feel part of something, go with the retarded frog look, you could have gay frog, trans frog, misogynist frog, racist frog everything lots of weirdos here. Good luck. I would do it myself but I'm rich and retired

>>59398353
Based cheapies enjoyer!

>>59398450
It doesn't have to be .999 fine silver to be valuable though. Coins were commonly .900, or even lower (pic are .835). And those old coins can be bought for much lower premiums, while still being very recognizable.

>>59398500
If you put your money where your mouth wants to be; Email me. Reach out and we can have a serious conversation about business and investing.

Otherwise, if you are who you say you are; stop being an old ass faggot and do something productive with yourself instead of being a bane on the existence of others. Volunteer at a local municipality as a crossing guard or something. This isn't about milking people nor is this about making money. This is about putting out something special into the world and being on the ground floor in new economic times.
Think about it; the entire history of US economics; IF crypto were around, even in the latter half of the 20th century, this economy would be way more fucked than it is now. The only reason the economy hasnt corrected like it would in every other time in American history, is because of crypto currency buoying a already depressed economy. To not recognize this simple fact is just being dishonest with the true intention of crypto currency.

>>59398560
I would much rather be holding precious metals, in any form; than I would be stuck holding the monopoly mans money bag. At least with precious metals you can smelt it into SOMETHING. Wearable or artistic. A statue or some silverware. But you cannot do anything with crypto other than swap hands with it. An invisble security that is built on pure speculation from its initial creators

Picked up a new bar, whadyathink?

>>59398521
Hey waitaminute. That's not an cheapie! I rember you saying you bought it one night while drunk.

>>59398473
Appreciate you! Will provide an update on the release of the Biblically Accurate Angels when I approve the finalized sculpt

>>59398581
a checkable bar? i approve

>>59398560
>The only reason the economy hasnt corrected like it would in every other time in American history, is because of crypto currency buoying a already depressed economy. To not recognize this simple fact is just being dishonest with the true intention of crypto currency.


Lmao, no thanks, just milk these retards, fill the niche , they really want to consume memes, gain life experience , business experience, tax experience etc you will be fine. I'm not going anywhere pmg is fascinating. Don't worry me pointing out you charge huge premiums will increase sales poors hate the rich and they will buy to spite me. I'm your best salesman

>>59398568
This is an accurate summation of the situation

>>59395958
That looks like a sheboon. At least they made her fuckable unlike the US mint

>>59398596
>That's not an cheapie!
Yeah, very true.
>I rember you saying you bought it one night while drunk.
Yep, also very true. Then got even more drunk a few nights later and bought a second one lol.

>>59396921
Correct.
Sometimes you'd get bans just for replying to those threads.
Really makes you think.

Below are the official get rekt crypto nigger 2024 statistics.
>Silver Industrial Demand : 58%
>Gold Industrial Demand : 5%
>Crypto Industrial Demand : 0%

>>59397106
>predicted cheapies.
>>59398197
>I'm just gonna keep buying
This.
Through consistency alone, you'd be amazed at how fast a stack grows.

>>59398063
Why are you doing this?!

so close

Just started stacking fairly recently.
Already at 150oz of silver and ½oz if gold.

>>59398543
True, I'm a ducat collector.

Below are the official get rekt silvrr 2024 statistics.
>Silver lost to bitcoin by 70%

What now shill? Seems like your retard stat is Meaningless. You lost by 70% in one year that's 9 years of normal return! You lost i won

>>59398648
It does serve a purpose.
It keeps glowies employed.
It also produces something usable.
It generates heat because of the computers.
Usually there are cooling systems, so it's just wasted heat.
Imagine investing in something that only produces either useless heat or useless employees.

>>59398682
Congrats on years and years of losses!

>>59395679
Fact of the matter is gold and silver is Christian. Crypto is Satanic.

Lads, this is why we're under attack by the bitcoin shills, Cliff High was talking about it the other week that we are now in the time frame of the elohim worship cult (the jews) trying to force us on their "new money" by giving us 3 options (which all get rejected) Trump has already gotten activated into trying to get us on to their new money system and he has fucked it up, this is the reason of the sudden onslaught of the shitcoin faggots.

https://rumble.com/v5v242q-cliff-high-trump-fucks-up-countdown-to-zero-3-2-1-.....html?e9s=src_v1_upp

>>59396436
I'm going to attempt to make a collage of your history lesson. Might require multiple screenshots

>>59398314
>Google just announced a major breakthrough in quantum computing today. Digital assets are going to get torn up because of this.

kektop, I've been warning friends about this inevitability for 4 years now. Can't wait to see how many cryptokek baggies neck themselves when the glowies pull the rug.

>>59398823
>Cliff High
The most eminently based and redpilled of paranoid schizophrenics

>>59398682
Hell yeah! Good start fren.

>>59398581
>24.22toz
>serialized
I love it!

>>59398823
we already know

>>59398779
>Crypto is Satanic
Worse, Jewish.

>>59395679
this image did not age well

>>59398960
It's going to age like a fine wine.

59398500
He doesn't like the frog

>>59398985
But I do, and that's what matters most.

>>59398648
>photography : 2%
I find this number surprisingly big. Considering silver in photos isn't used by retro polaroid enjoyers, but quasi exclusively reserved for hospitals' X-rays and biolabs' DNA/proteinic visualization via silver precipitation on gel electrophoresis. So basically, that's still 20Moz yearly "wasted" (radiographic imagery can't be recycled) on X-rays.

>>59398596
I haven't had a drink in a few days and still decided to say fuck it and ordered the 2024. Only one this time.

>>59399124
Not really that surprising, hospitals would probably give you an X-ray if you walked in with a stomache ache

Hey fellas, have any of you had any dealings with a goldsmith? What was the process like? I want to get a signet ring made for myself, but in 24K gold, and no one sells it online. I want to find a goldsmith, but not sure on what the process is like. Thanks

>>59399174
24k gold is too soft anon to be wearing, unless you're planning on only wearing it an hour every now and then.

>>59399124
>(radiographic imagery can't be recycled)
patently false

>>59394680
>>59394911
wtf Scrapfren, where the fuck were you? We missed you so much! This place ain't the same without you.
Too occupied with your store and the house to keep shitposting with the bros?

>I can't tell if the mottled surfaces are crystallized
I can confirm it's crystallization, giving us a typical micro flaking/scaling on the motifs, who are nicely raised and sharp on the outlines. Also zero casting red flag on the edge, it def is hammered on some portions (with the usual cracks and beadings), but on some others portions of the edge it looks like the coin was shaved (and quite violently, with sharp and flat faces). Personally i made up my mind once i saw it under the loupe : it's a legit one.

What got me bothered before inspection was the weight, i had to scroll through easily a hundred past auctions to finally find another one who was of similar weight (9.7g). As you said it might have been from the erosion, but after looking closely at the edge i believe the main reason is the Shlomo's cut.

>yesterday I slurped for less than $45 shipped a sleeper poorly listed lot of ambiguous rocks and at least 4 mold-formed fired clay sling bullets that are absolutely genuine Punic Wars era Carthaginian projectiles
Fantastic find fren! Not too long i bid on few greek sling bullets. They were really nice looking, shaped like seeds and with writings and spears molded on them. But they all went for 100€/pop so i gave up the idea..
You claim you didn't have much time to slurp, but knowing you, even few minutes here and there were enough to secure valuable treasures kek. If so don't be shy with the photos bro.

> have you gotten any good deals on coins or silverware over the past few months?
Silverware nothing,not even a spoon. Tbf looking after coins is too time consuming, i don't have enough time left to look after silverware and curiosities. Plus i still apply my price scale from before the run up (my quick appraisal was gross weight /2.5) and it doesnt pass.

How many Apurands you niggers buyin?

>>59399174
Mene sells 24k signet rings

Gold Investment (2010-2024):

2010 Price: ~$1,226.66/oz
2024 Price: ~$2,646.43/oz
Return: $1,000 ~$2,157 (115.7% gain)
Bitcoin Investment (2010-2024):

2010 Price: ~$0.22/BTC
2024 Price: ~$96,958/BTC
Return: $1,000 ~$440.6 million (44,062,471% gain)

>>59399427
Cool, now how do you turn that bitcoin into USD to buy gold without getting raped in taxes?

>>59399485
even if they tax it at 50% it's way more than your metals old man

>>59399395
(fol.)
But when it comes to numismatics i'm super loaded. Since i thought you were gone, i don't bother to post my slurps anymore.
But to give you an idea, just today by the mail i got :
>2 reales COB philip II
>1 Ecu Louis XV 1770
>40 cent. de esc. Isabel II 1867 & 1868
>2x obsidionales 10 war cents minted during the napoleonic siege of Anwerpt of 1814
>few braided hair cents (1840s) + draped bust 1803 cent
>gorgeous condition 1835's dime
>silver royal tokens of account 1745
>5 Lira Pius IX 1870
>1 penny Bermuda islands 1793
>a lot of few indochinese french colonial silver piastres from 1900s
>5 Mark 1964 D
>Attica, Athenian owl drachm (poor condition)
etc..

Ofc it's not every day like that, but i'm doing alright lately, the numis business is running smoothly. Better than i expected after just a year after my first ebay sale. It's a very welcome additional income, and it's thanks to you i got started.

>>59399485
You don't, lmao because you are a stacktard wh9 doesn't own bitcoin

>>59395679
>he didn't use his fake money to buy even more real money
kek

>>59399410
Bout 3.5.

>>59395679
>Crypto Spammers Will Seethe Edition
instructions unclear, bought $300 worth of Bitcoin, can now afford 1.2 kilograms of gold with it.

>>59399395
>Too occupied with your store and the house to keep shitposting with the bros?

Yeah, being busy with coin shop and home repair stuff and the general cryptokikery making /pmg/ uncomfy lately has kept me away for a while, if it weren't for you and based Bob I dunno if I'd have much of a reason to come back but I'm glad to see that you're still keeping the fags in check here.

>i believe the main reason is the Shlomo's cut.

not common back then but it definitely happened, since it's legitimately crystallized and only slightly underweight I'd consider it a nice addition to the collection, is it one that you intend to flip or keep?

>But they all went for 100€/pop so i gave up the idea..

There were some a few days ago that I was watching that went for an obscene amount, over $1000 for one and $850 for another, both would have sold for less than $50 each when I started buying them. It would be extremely discouraging if I were just getting into them now but thankfully I slurped hard back when they were cheap, I can't compete head-to-head with the richfags pumping them so high now.

>If so don't be shy with the photos bro.

here's another lot I got you might find interesting. No pics of the hallmarks but my keen slurper's eye recognized that many were good sterling and took a chance, came out to about 175g of sterling (and a little .833 and 835): https://www.ebay.com/itm/205104888698

>Plus i still apply my price scale from before the run up (my quick appraisal was gross weight /2.5) and it doesnt pass.
Not sure I understand what you mean here? Are you saying that your price limit is 40 eurocents per gram or 40% of spot and you haven't seen any lots that are cheap enough? Either way it's clear that buying numismatics is way more lucrative and interesting.
>>59399502
You're kicking ass I'm very happy for you fren, you probably have enough old silverware already anyway so keep doing precisely what you're doing, it's really damn impressive bro.

>>59399427
>friend told me in 2011 about Bitcoin when it was like $1
>couldn't figure out how to buy ETH when it was $30
I swear to fucking God I just suck at life.

>>59398310
Yes still shipping them out

can you crypto fags gtfo of /pmg/

The Google quantum garbage is smoke and mirrors and poses zero risk to crypto. There are asymmetric hashing algorithms that are hardened for quantum. Essentially, in the same way there are algorithms for normal computation, there are for quantum. And some of those are backwards compatible.

>>59399427
Shit piss comparison.

>>59399946
cool, go post about it somewhere else

>>59399491
You have no idea how much gold and silver I have
>>59399620
True, but I’m also white and I have white children so I’m already better than you, pajeet

bullion shop:
Gold premium ~2%
Silver bar premium ~3%
Platinum premium 8%

why does platinum have a much higher premium?

>>59399946
>poses zero risk to crypto

>Studies have identified approximately 25% of Bitcoin’s supply (around 4 million coins) as vulnerable to quantum attacks due to their public keys not being hashed into a safer format before 2010.

kek, enjoy your quantum-hardened qBitcoin fork, I'm sure everyone will totally love it

>>59400076
Probably just lower sales so they don't have economies of scale. Platinum is much rarer than gold so it will be hard to raise the sales volume.

Still not as gay as fractional reserve banking

>>59396509
i agree the old designs were better. i think the issue mainly though is the image art is renders rather than photographs. at least i hope the new ones do look so smoothy. like picrel looks better i think because its an actual image? but yeah still not as good as the old art

>>59398314
>>59398324
XMR is still safe lol

>>59399174
>>59399242
what do you mean noone sells?
https://mene.com/rings/gold/signet-ring-gold
this >>59399418

>>59398864
kektop, we'll be asteroid mining way before anything ""quantum"" and relevant to btc happens

>>59399427
And how much BTC do you own? Lol stacklet won't even show us.

Edges toned well overnight, but that coating on Canadian coins clearly works well because it only patinaed on the side haha.
Forgot about that coating...

>>59395804
>SILVER IS WORTHLESS BECAUSE.. IT JUST IS OKAY?
>FUCKING ROCKS AM I RIGHT?
>NOBODY HAS EVER MADE MONEY BUYING METALS
>50000% PREMIUMS
>ok if your GONNA buy silver then atleast only buy paper ETFs please pretty please..?

They are getting more and more desperate as each week goes by. I fucking love it.

>>59398229
>>59398325

Did someone say based chick appreciator ?

>>59396395
>A currency being pegged to a physical asset is a weakness

By this logic Bitcoin that is pegged to physical assets like computers, routers, cables, usb drives, servers, websites and screens should be the least perfect form of currency.

>>59399902
NOT possible. For whatever reason the hill the ponzi fags decided to die on is here on the /pmg/ general.
It's the way it should be I suppose.

>>59401066
>assets like computers, routers, cables, usb drives, servers, websites and screens
Hey! You know what's required to manufacture those? Hehe.

>>59401107
yes I do!

>>59401193
*cha-ching*
https://m.youtube.com/watch?v=rwPM01cbQBc

>>59401193
Oh wait that's Indium not silver lol. Still, not wrong.

>>59401243
yeah i mean you posted the stack chart so obvi silver and gold. but i saw screens and knew i could not leave indium unmentioned kek

>>59399767
How's it hanging scrapbro. I picked this up for $1 at an antique shop last week. I'm fairly certain it's coin silver. I can't find a ton on the maker, but what I've seen from them is coin silver, not a ton of plate. The piece doesn't show any signs of plating either. There's a small hole in the back and it appears to be silver all the way through too. See some listings for $50/$60 a piece+. Thoughts?

>>59401328
2/2

What's up with the shills they are absolutely seething we must be over the target

59401373
The greatest win in life was being born white in a first world country. You can have your bit shits. You already lost the genetic lottery.

New thread:
>>59401587
>>59401587
>>59401587

>>59398440
>>59398543 is correct. You can buy constitutional silver close to spot price.
Picrel is .625 D-Marks.
.800 to .900 is probably better, though.

>>59401328
>>59401333
responded:
>>59401912

>>59401373
Were right at the cusp of normies waking up to precious metals. It might take couple more years through and you can bet your ass the shills are GONNA give it all they got before it happens.