/biz/ - Business & Finance

File: 108 KB, 600x300, 1537055296556.png [View same] [iqdb] [saucenao] [google]

/pmg/ - Precious Metals General Anonymous Mon, Sep 17, 2018 08:59:16 No.11107170 [Reply] [Original]

Welcome to /pmg/ - Edition #2
>Introduction
This is an inclusive thread for all precious metals discussion that pertain to investing in gold, silver, platinum, and palladium, for coins, rounds, and bars. Other metals (like copper) are welcome as well. Physical possession is always recommended. Please keep discussions civil and evidence-based, and refrain from unnecessary ad hominem arguments. If you prefer crypto over PM, that's fine. If you prefer one PM over others, that's fine too. Just remember, all precious metals are precious and have their rightful purpose in both industry and investment. A good strategy should be to diversify and have as many PM's as possible.

>Current Spot Prices (USD) - 9/17/2018 08:57 ET
Metal -- Bid -- Ask -- +/-
Gold -- 1198.84 -- 1200.34 -- +5.88
Silver -- 14.19 -- 14.24 -- +0.14
Platinum -- 798.55 -- 808.55 -- +6.55
Palladium -- 981.00 -- 987.00 -- +3.50

>Previous thread
>>11091458

>>	Anonymous Mon, Sep 17, 2018 09:03:35 No.11107199 Good general. Glad to see something like this. I'll be lurking.

>>	Anonymous Mon, Sep 17, 2018 09:06:51 No.11107223 >>11107199 This, also have another bump. /biz/ is in dier need of actual content. I just hope this general doesn't get annexed by tripfags like the stock market one.

>>	Anonymous Mon, Sep 17, 2018 09:09:21 No.11107244 >>11107170 Time buy gold or wait for $1000?

>>	Anonymous Mon, Sep 17, 2018 09:10:36 No.11107251 Why is silver dropping so hard?

>>	Anonymous Mon, Sep 17, 2018 09:10:39 No.11107252 What % of your money should be in pm?

Anonymous Mon, Sep 17, 2018 09:14:50 No.11107283

>>11107252
I consider it to be a safe store of value. Therefore whatever I'm not investing with or I need for immediate or midterm expenses. Of course I want to have a good chunk of cash for a liquidity. But having bars in coins hidden somewhere is the best way to hedge against any huge unforeseen circumstances.

>>	Anonymous Mon, Sep 17, 2018 09:18:14 No.11107310 >>11107251 Everything is up this morning.

>>	Anonymous Mon, Sep 17, 2018 09:22:05 No.11107337 >>11107170 70% gold 30% silver fuck platinum and palladium

>>	Anonymous Mon, Sep 17, 2018 09:22:25 No.11107340 >>11107252 I'm not going for %. The goal is to have ~100-150oz silver and ~3oz Gold.

>>	Anonymous Mon, Sep 17, 2018 09:28:57 No.11107377 >>11107310 Yes but why is silver dropping the past 3 months?

Anonymous Mon, Sep 17, 2018 09:30:30 No.11107391
File: 17 KB, 229x220, 28084764-2F3F-4EFD-A5AB-0CBB2D46239B.jpg [View same] [iqdb] [saucenao] [google]

>that anon who says you shouldn’t invest in PMs because a theoretical asteroid somewhere might convievably be mined sometime in the future, possibly long after you’re dead

>that other anon who cant imagine any economic scenarios between normal and The Road

>that other other anon who says you can’t eat gold in a crisis like nobody knows that

>that really optimistic guy that thinks we’re going back to the silver standard any day now (it’d be nice, but it’s extremely unlikely)

There, I got those all out of the way ahead of time.

Anonymous Mon, Sep 17, 2018 10:30:44 No.11107869

>>11107199
>>11107223
Agreed. It's nice to have a thread that's not shilling the same shitcoins over and over again.

>>11107377
Supply and demand, futures contracts, mining output, etc etc. It will probably go back up in the next year or two, it really can't go much lower. I'd say $12 is the bottom.

Anonymous Mon, Sep 17, 2018 10:52:01 No.11108056

>>11107340
Wait so $5k in PM is all I need to make it in the apocalypse?
I don't have any guns, but my extended family has hundreds of acres and a full-on armory. If fiat value crashes and I'm the only one with silver/gold hopefully they will take me in.

>>	Anonymous Mon, Sep 17, 2018 10:56:15 No.11108102 >Not one mention of copper You guys deserve to stay poor

Anonymous Mon, Sep 17, 2018 11:16:16 No.11108265

>>11108102
It's not a PM but OP said it's welcome to be discussed here. Not sure why people would stack copper though. What's the logic behind this? Fiber optic reduced one of the major needs of copper in the last 10 years, and the price has been between $2 and $4 for nearly two decades.

>>	Anonymous Mon, Sep 17, 2018 11:19:07 No.11108293 File: 65 KB, 630x635, serveimage.jpg [View same] [iqdb] [saucenao] [google] How many oz do I need to make it fellas?

>>	Anonymous Mon, Sep 17, 2018 11:21:53 No.11108315 Besides >muh apocalypse, are there any reasons to buy physical precious metals over shares of a precious metals trust backed by their own physical metal (like $GLD and $SLV).

>>	Anonymous Mon, Sep 17, 2018 11:22:46 No.11108321 >>11108315 Always take physical delivery.

>>	Anonymous Mon, Sep 17, 2018 11:27:21 No.11108360 File: 1.06 MB, 3186x2286, AP110309024799.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon, Sep 17, 2018 11:29:11 No.11108373 >>11108360 If you listen to this fella, you deserve everything bad coming your way

>>	Anonymous Mon, Sep 17, 2018 11:29:26 No.11108377 Daily reminder that Gold and Silver shill threads are made by communists and the financially retarded

>>	Anonymous Mon, Sep 17, 2018 11:31:21 No.11108392 Secondary reminder that with rising interests rates your metals are more worthless than the previous years and everyone on this thread is stupid

>>	Anonymous Mon, Sep 17, 2018 11:31:26 No.11108395 >>11108377 Can you please explain to me what having PMs have to do with being a commie? I don't get that one.

>>	Anonymous Mon, Sep 17, 2018 11:33:32 No.11108412 >>11108395 Because you fags jerk each other off about hyperinflation and economic collapse

>>	Anonymous Mon, Sep 17, 2018 11:33:51 No.11108414 >>11108395 Ignore him, he's a low quality troll.

>>	Anonymous Mon, Sep 17, 2018 11:34:18 No.11108420 File: 33 KB, 768x432, 80D7A603-490E-4D63-8E3A-FDD59E5750BD.jpg [View same] [iqdb] [saucenao] [google] >>11108360

Anonymous Mon, Sep 17, 2018 11:34:58 No.11108426

>>11108412
I don't believe either of those will happen, but I think Gold, Silver, Platinum are good investments for the coming decade(s) as these resources become more scarce. If you don't have anything positive to contribute to this thread please leave. Thank you.

>>	Anonymous Mon, Sep 17, 2018 11:35:41 No.11108434 >>11108426 go fuck yourself retard Enjoy losing more money because you dont know fundmentals

>>	Anonymous Mon, Sep 17, 2018 11:36:25 No.11108439 >>11108434 That's a very well thought-out argument, anon. Thanks.

>>	Anonymous Mon, Sep 17, 2018 11:36:42 No.11108442 File: 63 KB, 500x250, rJ83ruS.gif [View same] [iqdb] [saucenao] [google] Gold bugs got destroyed once again. Dollar rally killing the pms and they rushed to buy the dip already while it's still going wayy more further down

>>	Anonymous Mon, Sep 17, 2018 11:37:15 No.11108445 >>11108265 Its very close to be a precious metal and it's widely used and could see growing demand in the future (and thus price due to scarce supply).

>>	Anonymous Mon, Sep 17, 2018 11:37:32 No.11108449 >>11108439 >implying I need to argue with dumbass goldbugs >implying you dont lose on the dailey

>>	Anonymous Mon, Sep 17, 2018 11:38:38 No.11108462 File: 258 KB, 1247x1754, born-in-2010-how-much-metals-and-energy-is-left.png [View same] [iqdb] [saucenao] [google] >>11108434 >Enjoy losing more money because you dont know fundmentals Can't even spell "fundamentals" topkek

>>	Anonymous Mon, Sep 17, 2018 11:39:43 No.11108474 >>11108449 PMs aren't some get rich quick scheme like the cyrpto bubble. This is long term investment for decades down the line. I don't expect to see returns in a few months or few years.

>>	Anonymous Mon, Sep 17, 2018 11:40:17 No.11108481 >>11108445 Copper is even more of a pure commodity play than silver is. The downside? I don’t have a warehouse to store metric tons of copper. Also, China growth is shitting the bed so pure commodity plays are stupid right now.

>>	Anonymous Mon, Sep 17, 2018 11:41:59 No.11108493 >>11108474 Youre a shit investor Youre literally gambling on the price of a rock that could do anything when you could be investing in real companies The richest men in the world dont even buy this shit except for tiny speculative positions

>>	Anonymous Mon, Sep 17, 2018 11:43:28 No.11108509 >>11108493 Is it really necessary to be this rude, and post in a topic you have no interest in?

>>	Anonymous Mon, Sep 17, 2018 11:46:07 No.11108527 >>11108509 Yeah, because I hate you fucking faggots and so does the rest of the finical world Youve been scamming people for thousands of years now

>>	Anonymous Mon, Sep 17, 2018 11:48:23 No.11108550 >>11108527 You entered a thread with topic you hate and now you are mad. How could that happen?

>>	Anonymous Mon, Sep 17, 2018 11:48:27 No.11108552 >>11108509 He is not. But he has a point. PM is very speculative and non-yielding "currency"

>>	Anonymous Mon, Sep 17, 2018 11:49:52 No.11108562 >>11108550 stop scamming people scumbag

>>	Anonymous Mon, Sep 17, 2018 11:50:18 No.11108565 >>11108527 >finical world Imagine being so angry about a thread that you can't spell financial. >>11108552 Gold and silver have always been a store of wealth. They are not the same type of investment as stocks/bonds or crypto.

>>	Anonymous Mon, Sep 17, 2018 11:51:03 No.11108571 >>11107244 If it does go to $1000, that'll take over a year. It might no go that low to begin with.

>>	Anonymous Mon, Sep 17, 2018 11:51:48 No.11108576 >>11108056 Or they'll take it from you. Get some guns you dumb nigger.

>>	Anonymous Mon, Sep 17, 2018 11:56:54 No.11108624 >>11108576 No, they are Christians so they wouldn't do that.

>>	Anonymous Mon, Sep 17, 2018 13:18:50 No.11109516 Bump for PMs

>>	Anonymous Mon, Sep 17, 2018 13:19:53 No.11109525 Bump

>>	Anonymous Mon, Sep 17, 2018 13:42:38 No.11109771 I'm buying 1 ounce of silver every month. Doesn't cost much and its a comfy way to save.

>>	Anonymous Mon, Sep 17, 2018 13:44:45 No.11109797 Silver is about to explode

>>	Anonymous Mon, Sep 17, 2018 13:48:14 No.11109841 >>11107170 Who here /rhodium/>>11107199

>>	Anonymous Mon, Sep 17, 2018 13:50:38 No.11109862 File: 115 KB, 224x309, 1536810563720.png [View same] [iqdb] [saucenao] [google] >>11108562 >/biz/ >Stop scamming people scumbag Holy how new are you?

>>	Anonymous Mon, Sep 17, 2018 13:51:17 No.11109866 File: 40 KB, 640x628, pepe eyes 2.jpg [View same] [iqdb] [saucenao] [google] tfw the intern of some shitty pm site is being paid $18/hour to post on 4chan for weeks on end

>>	Anonymous Mon, Sep 17, 2018 14:11:19 No.11110067 What's the deal with JP Morgan accumulating all that silver? When this play will unfold? 2020's?

>>	Anonymous Mon, Sep 17, 2018 14:13:52 No.11110097 >>11109866 I can assure you I don't work for a PM dealer. That would be a cool job though. Want to talk about paid shills? Just look at all the chainlink and holochain threads posted every day.

>>	Anonymous Mon, Sep 17, 2018 14:13:52 No.11110099 >>11109797 how long do I have to accumulate?

>>	Anonymous Mon, Sep 17, 2018 14:16:17 No.11110127 >>11109797 Kek. >HISTORICAL movement in silver, 25+ years reversal! Now everyone is net-long! >1 year later, silver down by $1

>>	Anonymous Mon, Sep 17, 2018 14:18:17 No.11110143 >>11110099 before 2020 I would assume, I think PMs really stand to take off in the next decade

>>	Anonymous Mon, Sep 17, 2018 14:26:56 No.11110230 >>11110143 2019 is the year of accumulation: phys gold/silver, PM mining stocks, maybe some other commodities

>>	Anonymous Mon, Sep 17, 2018 14:47:51 No.11110451 >>11110230 Its really not. Find low P/E with high RoA stocks, corporate bonds or just low-cost index tracker. Dont buy shiny rocks

>>	Anonymous Mon, Sep 17, 2018 14:50:44 No.11110481 >>11110099 We are hit a major resistance lvl... weekly chart shows a strong buy... daily is confirming. But as always do your own hw! Best of luck fren

>>	Anonymous Mon, Sep 17, 2018 14:52:54 No.11110500 >>11110451 PMs aren't "rocks" They are rare transition metals that have significant uses in industry (including the device you used to post in this thread). Quit calling things you don't like shiny rocks, that's not an argument.

Anonymous Mon, Sep 17, 2018 14:55:26 No.11110530

Fuck you guyz with all that economic bs
Im into silver for a shitload of bullions. I dont even want to sell or trade them.
I just like thinking bout gud ol times when Genoa financed aztec genocide by Spanish proxy to flood China with silver. Then I look at my bullions and coins and think what a lucky bastard I am to be born when I get get as many silver as I want.
MB, I will go into copper bullions, cos they take up more space and make me feel richer.

>>	Anonymous Mon, Sep 17, 2018 14:58:58 No.11110571 >>11110530 Copper bullion is dumb. Just buy a bunch of peeled copper cables from yhe junkyard.

>>	Anonymous Mon, Sep 17, 2018 15:00:23 No.11110585 >>11110571 They dont satisfy my bullion fetish But I think I will be able to get off, if I think about poor addicted souls stripping them from their grammas home to get a hit

>>	Anonymous Mon, Sep 17, 2018 15:00:26 No.11110586 >>11110500 The demand for silver might depend on industrial purposes to a certain degree but gold is primarily driven by jewelry aka shiny rocks

>>	Anonymous Mon, Sep 17, 2018 15:21:16 No.11110850 >>11108293 Without a bubble in precious metals, you'll never "make it" by owning precious metals. PMs are there to protect your purchasing power in the event of a currency crisis.

Anonymous Mon, Sep 17, 2018 15:21:59 No.11110861

>>11110586
Jewelry is an industrial application. People have been using jewelry since recorded history. Quit discounting that market sector demand as "shiny rocks". Gold also has important applications in electronics, dentistry, and aerospace as well.

Anonymous Mon, Sep 17, 2018 15:24:45 No.11110912

>>11108395
Ignore him. He's a Commie. Who isn't a Commie? How about the Founding Fathers of the U.S.A. who specifically specified that the national money be denominated in gold and silver. If any group of people aren't Commies, it's people like Thomas Jefferson and Benjamin Franklin.

>>	Anonymous Mon, Sep 17, 2018 15:29:10 No.11110982 >>11110912 Kel troll

>>	Anonymous Mon, Sep 17, 2018 15:30:00 No.11111003 >>11110912 No, they weren’t commies, they were bongs with jungle fever.

>>	Anonymous Mon, Sep 17, 2018 15:33:53 No.11111139 Forget metals, LINK will be 10$ eoy.

>>	Anonymous Mon, Sep 17, 2018 15:40:33 No.11111338 >>11111139 Link is worthless, like most cryptos.

>>	Anonymous Mon, Sep 17, 2018 15:49:26 No.11111493 File: 42 KB, 600x455, fetchimage.jpg [View same] [iqdb] [saucenao] [google] >>11107170 The dollar will return to a silver standard shortly. Silver un-ironically 3k eoy

>>	Anonymous Mon, Sep 17, 2018 15:50:39 No.11111516 File: 59 KB, 800x450, large.jpg [View same] [iqdb] [saucenao] [google] >>11109797 This. Silver 3k eoy. Stay poor /biz

>>	Anonymous Mon, Sep 17, 2018 16:09:44 No.11111781 File: 81 KB, 2000x1728, 2000px-Rite_Aid.svg.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon, Sep 17, 2018 16:13:18 No.11111842 Is there any proof that JP Morgan is hording tons of silver or is it just speculation because someone said it and another one repeated it?

>>	Anonymous Mon, Sep 17, 2018 16:38:00 No.11112205 File: 88 KB, 780x483, 1536284059538.png [View same] [iqdb] [saucenao] [google] >>11111842 Look at the chart litterally 3 posts above you brainlet

>>	Anonymous Mon, Sep 17, 2018 16:40:42 No.11112252 >>11112205 thats comex silver stocks Which is non existing silver. Made up on the paper. I mean real physical silver, above ground silver.

>>	Anonymous Mon, Sep 17, 2018 16:43:06 No.11112292 >>11112252 Good question. Watch this, the guy knows more than anyone on this board https://youtu.be/n_h-5H421MA

>>	Anonymous Mon, Sep 17, 2018 16:44:58 No.11112321 >>11112252 >Currently JP Morgan now holds over 50% of the total COMEX physical silver bullion holdings. Stop being retarded.

>>	Anonymous Mon, Sep 17, 2018 16:47:48 No.11112362 >>11107377 Strong dollar / faith in US government The bull market will be back within a few years

Anonymous Mon, Sep 17, 2018 16:48:55 No.11112377

>>11112205
I hate to say it, but this chart isn't using the right data points
https://sdbullion.com/blog/how-much-silver-gold-is-there/
>Today in 2018, there is approximately 2.5 billion oz of Gold Bullion and 4 billion oz of Silver Bullion in the world.

>>	Anonymous Mon, Sep 17, 2018 16:49:42 No.11112386 File: 36 KB, 889x620, silver-commercial-long.png [View same] [iqdb] [saucenao] [google] This shit cray

>>	Anonymous Mon, Sep 17, 2018 16:49:43 No.11112387 >>11112321 ?

>>	Anonymous Mon, Sep 17, 2018 16:50:00 No.11112389 >>11112377 >Reading a chart is hard nowadays It shows the ABOVE GROUND supply

>>	Anonymous Mon, Sep 17, 2018 16:50:52 No.11112394 >>11108102 >hedging with an oxygen reactive metal They'd need to all be individually sealed unless you want to be trading in cupric and cuprous oxides.

>>	Anonymous Mon, Sep 17, 2018 16:59:39 No.11112527 Silver to the moon!

>>	Anonymous Mon, Sep 17, 2018 17:10:46 No.11112678 File: 59 KB, 846x1024, 1529701880828.jpg [View same] [iqdb] [saucenao] [google] >>11112386 Explain pls

>>	Anonymous Mon, Sep 17, 2018 17:11:37 No.11112693 >>11112678 Is a sound wave

>>	Anonymous Mon, Sep 17, 2018 17:36:29 No.11112964 >>11112389 Read the article, it shows above ground supplies. The data points for your chart are wrong.

>>	Anonymous Mon, Sep 17, 2018 18:47:59 No.11113784 >>11108315 >backed by their own physical metal ya dun goofed

>>	Anonymous Mon, Sep 17, 2018 19:25:37 No.11114156 Silvers going to 20!

>>	Anonymous Mon, Sep 17, 2018 21:27:24 No.11115319 Bump

>>	Anonymous Mon, Sep 17, 2018 21:33:33 No.11115386 PM + Bump

>>	Anonymous Mon, Sep 17, 2018 22:56:39 No.11116020 Come on, it's Monday night, where my bugs at?

>>	Anonymous Mon, Sep 17, 2018 23:00:43 No.11116053 >>11116020 Sup homie, boomer drinking my monster.

>>	Anonymous Mon, Sep 17, 2018 23:02:54 No.11116074 >>11116053 Why would you drink a monster this late?

>>	Anonymous Mon, Sep 17, 2018 23:09:35 No.11116135 Dear anon, please hold almost all of your PM in gold. You will never regret holding physical gold, you will never desire to sell it. You will curse trying to store and move around heavy ass silver. -Your future boomer back

>>	Anonymous Mon, Sep 17, 2018 23:24:15 No.11116277 >>11116135 What's your opinion on platinum?

>>	Anonymous Mon, Sep 17, 2018 23:40:48 No.11116422 Platinum is just another alt-PM. You want something with minimized industrial use, maximized monetary use. I got that advice when I was young from a boomer and didn’t listen, but I wish I had.

>>	Anonymous Mon, Sep 17, 2018 23:47:06 No.11116469 >>11116135 Etfs they don't weigh a thing

>>	Anonymous Mon, Sep 17, 2018 23:51:14 No.11116499 My target portfolio is hated by everyone which is a good sign: 25% btc, 25% stock, 25% gold, 25% cash + own your home with no debt

>>	Anonymous Mon, Sep 17, 2018 23:52:29 No.11116512 >>11116499 Sounds good.

>>	Anonymous Mon, Sep 17, 2018 23:54:01 No.11116523 >>11116499 I thinks pm, I watch silver is going to explode.... There is a strong buy on the weekly, also daily is backing it up... trend line not broken tho

>>	Anonymous Mon, Sep 17, 2018 23:56:22 No.11116542 >>11116523 I see ppl do these trendlines from metals to stocks to crypto.. do they actually mean anything and predict stuff or is it just guessing?

Anonymous Tue, Sep 18, 2018 00:03:22 No.11116605

>>11116542
Well... It's a skill. It's more complicated then that. I recommend reading the visual invester... everything by John Murphy and Dr. Alexander Elder... plus more books. And that would be a good start... trading is not risk free... But technical analysis is how they do it... I just gave you 100k advice for free fren..

>>	Anonymous Tue, Sep 18, 2018 00:33:00 No.11116869 Bump

>>	Anonymous Tue, Sep 18, 2018 01:33:35 No.11117243 How many ounces of silver do you guys have?

>>	Anonymous Tue, Sep 18, 2018 01:35:23 No.11117257 >>11117243 0... All etfs

>>	Anonymous Tue, Sep 18, 2018 02:08:34 No.11117433 Bump

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]