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/biz/ - Business & Finance

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11200913 No.11200913 [Reply] [Original]

Welcome to /pmg/ - Edition #5
>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) - 9/24/2018 22:52 ET
Metal Bid Ask +/-
Gold 1197.72 1199.22 -0.39
Silver 14.22 14.27 -0.02
Platinum 822.40 832.40 -1.60
Palladium 1058.60 1064.60 +1.60

>Previous thread
>>11132975

>> No.11200920
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11200920

The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining. Silver has long been valued as a precious metal.

>silver is a byproudct of gold
silver is shit

>> No.11200925

i think gold sucks

>> No.11200934

>>11200925
I think you're thinking of holochain

>> No.11201044

>>11200925
you suck

>> No.11201116

>>11200913
Is Uranium welcome here as well?

>> No.11201127

>>11200913
Should I buy Palladium in preparation of South African destabilization or wait until it actually starts happening?

>> No.11201164

>>11200913
I'm canadian, when's best time to buy gold bullion?

>> No.11201313

>>11201164
This is a good time. Prices will be higher next month

>> No.11201317

>>11200913
what ever happened to stellar,egem,and eden? ive been scrolling for 23 pages,not a single one.

>> No.11201331
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11201331

>>11201116
of course, Uranium coins are based af

>> No.11201462

>>11201127
if you wanna bet on that play id do it sooner than when its happening

working my way to 1k troy ounces Ag. i feel like a racoon with an affliction for the shiny
http://www.lbma.org.uk/home

>> No.11201479
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11201479

>>11201331
i think i swallowed one of these when i was a kid

>> No.11201853

Do you think the upswing will be high for gold or for silver? I don't have much to invest right now only like $200 so I wonder if it's even worth it.

>> No.11202181

Sup my silver boomer homies? How are we doing tonight/day?

>> No.11202209

>>11202181
just bought another 50 1oz silver coins to add to my stack. feels good man

>> No.11202220

Solo this is what my TA is showing me... a short term pull back then a pop on silver. Thots?

>> No.11202228

>>11202209
I'm an ETF guy but what ever works brother.

>> No.11202325

My lcs is running low on gubmint bullion. Picked up a roll of silver maples and a roll of silver eagles.

Low spread but its all random year with some toning. Cant complain. I also have an un opened roll of 1985 libertads and a opened once in 30 years roll of 1985 engelhard prospectors coming in.

Life is good.

>> No.11202566 [DELETED] 
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11202566

>>11200913
Redpill me on taking gold through the airport.
Are they going to tax my ass on gold bars or should I put that shit into jewelry or something?

>> No.11202718

I live in the Netherlands what is the best way to buy physical silver?

>> No.11203148

>>11202718
https://www.goudwisselkantoor.nl/kantoor/eindhoven

>> No.11203208
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11203208

Bow down to the king, /bizlets/

>> No.11203278

>>11202718
Goudstandaard.com
Amsterdamgold.com

>> No.11203409
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11203409

>>11202566

As long as the declared value is under $10,000 USD, you should be alright. Eight 1 oz. American Gold Eagles or a roll of 25 British Sovereigns will suffice.

>> No.11203807

PM bump

>> No.11204215
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11204215

All these stock internet photos, do you people even have metal?

>> No.11204217

>>11203409
Looks like copper.

>> No.11204265

>>11204215
>showing your stack for the NSA to see

>>11204217
They are 22kt gold/copper alloy. They will have a bit more copper tone than a 24kt gold coin (like buffalo or maple)

>> No.11204302

>>11204265
You really think the NSA cares about a few grams of silver on a korean granite cutting forum?

>> No.11204557

if your coin has a value printed on it, that is the value, it is legal tender.

>> No.11204582

>>11200913
Easiest way to buy gold? I want to start investing

>> No.11204596

>>11204582
depends on your country

>> No.11204978

>>11204582
JMBullion is a nice online vendor. Rotating stock, okay premiums.

>> No.11205038

>>11204978
LibertyCoin is usually about 20% to 40% lower premium than JMB

>> No.11205584

question for stackers:
have any of you thought about selling older coins to collectors? ive bought some rolls of random year coins for lower price than current year. Is this a foolish play to reap a minor profit?

>> No.11205604

>>11202228
Should I buy SLV on Robinhood then? Why do you like ETF’s you don’t actually *own* the silver or is that just a meme

>> No.11205689

>>11205584
Yes, I've been down that road before. You will always lose with numismatics/rare years.

>> No.11205732
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11205732

>>11205689
>You will always lose
Life strikes again

>> No.11205838
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11205838

""""""""Investing"""""""" in shiny rocks that are in a bubble due to GFC.

Even more retarded that cryptos

>> No.11205857

>>11205604
Hey man, well I trade uslv which is a leveraged etf... *warning* if you don't know what your doing u could lose a lot of money.

>> No.11205867

>>11205838
>shiny rocks
they are “barbarous relics” man

>> No.11205907
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11205907

>>11205867
true

>> No.11205917

>>11205604
It's easy to trade. I can go short or long. With physical your only long, so more options. I don't have to deal with other ppl and give a percentage of my gain to some dealer. I don't need to protect or store it. Also, I'm not bashing u physical guy... do your thing.

>> No.11206186

I’d like to invest in gold but can’t get passed the fact that taking my entire stash through the airport would be an absolute shit show. Only thing stopping me from investing. Crypto can be transported anywhere in the world hassle free.

>> No.11206623

>>11206186
>I’d like to invest in gold but can’t get passed the fact that taking my entire stash through the airport would be an absolute shit show.
Why would you need to take your gold through an airport? You need to keep it in a secure location, not on a vacation lol.

>> No.11207540

Bump

>> No.11207850

PM bump

>> No.11208177

>>11204582
Right now you can get 10% back from ebay bucks which is a pretty good way to start.
https://findbullionprices.com/ebay-bucks-bullion-deals.php?type=gold&discount=10

>> No.11208499

Damnit, I just found out some bad news. SilverRound.com has shut down effective this morning. They literally had some of the best deals on gold and silver around, especially if you were paying with CC.

>> No.11209272

Pm

>> No.11209680

>>11208499
they didn't hedge I bet.

>> No.11210471

>>11200913
Silver is about to go parabolic.

>> No.11210884

>>11209680
What does hedging mean for gold/silver dealers?

>> No.11210960

>>11205604
PSLV >>> SLV

Sprott backs it. Full reserve silver.
SLV is just a piece of paper and its fractional reserve is undercutting the silver price.

>> No.11211209

>>11210884
As a seller, they can't just buy a shitload of silver or gold at high prices and sell when the market dips low. When the market dips is when people buy like crazy. Clear out the inventory. If they bought at 16/oz, and the market is buying at $14/oz, they can't just stop selling until its profitable again. and unfortunately it often means they sell at huge losses sometimes.

>> No.11211269

What do you guys think of BMIX?

>> No.11211424

>>11210884
bullion dealers make money on the spread. they buy at spot and sell at a premium. They are not speculators. Being net long is suicide for a dealer.

That is why when the market drops and dealers don't hedge, they are selling at a loss. Sometimes the losses are so great they go bust and close up shop.

>> No.11211822

Why go with ASE over bullion?

>> No.11211986
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11211986

>>11204557
>this

>> No.11212019

>>11204557
this is why I only buy krugerrands, no fake $ amounts on it like the "$50" gold eagle

>> No.11212146
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11212146

>>11206186
then your best bet are mtg rl staples. Unregistered and untrackable asset, customs/police/SS are clueless about their value, thieves/pickpocketers too. Ultra lightweight, good liquidity, exchanged in cash to any lgs/comptoir.
Value in permanent mooning (and its only the beginning),

We alrdy have stories here and there where sicarios ask to be payed in RL staples to pass the US border without drawing attention on them f they get arrested. And of course smart cryptowinners who got out before the bearrun and converted their gains into mtg old staples to pass easily the airports and declare nothing.

It's not too late.

>> No.11212199
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11212199

>>11212146
lil reminder what a real bullrun looks like.
+572$ today.
+38 000$ since july 2017.
+33 500$ since february 2018.

>> No.11212249

>>11200920
I have a masters in Geology. AMA.

>> No.11212543

>>11212249
how much gold and silver you got?

>> No.11212624

>>11212543
I buy commemorative silver/copper coins yearly for gifts. Besides my collection for 10 year that’s it. Maybe $1000? I bought a meteorite for $6000 in ‘03. I brought it to a shop the other week and was offered $18000.

>> No.11212658

>>11212624
Interesting. How do you verify that it's a meteorite? Is there paperwork for it?

>> No.11212677

>>11212658
He is a geologist. Rocks are his life i am pretty sure he doesnt need a coa.

>> No.11212731

>>11212677
I was really more interested in the process of it. I didn't know you could buy one.

>> No.11212915

>>11211209
All big pm dealers hedge there physical purchases in the furures market so they still make money when the price declines.

>> No.11213159
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11213159

I'm pleasantly surprised this thread has managed to stay alive for over a day. Maybe some kind anons can keep this thread alive for the next few hours.

>> No.11213631

>>11210960
Whatever makes profit...

>> No.11214090
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11214090

waste of time, they will come for your gold and silver then give it to the feds

>> No.11214187

What do you think of copper lads?
By far the most technological applications are with copper

>> No.11214358 [DELETED] 
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11214358

>>11214187
I like brass myself. Copper is alright.

>> No.11214385

>>11203208
I'm interested in this Rhodium meme. You own the physical metal, right anon?

>> No.11214975

What is your guess, will we see sub $14 on silver?

>> No.11214989

>>11214975
I own 100k ounces and i seriously hope it goes to 9

The fiat value is just a meaninglesss mirage that affects how much I accumulate, I count my wealth in silver

>> No.11215105

>>11214385
Yessir!
Meme basics:
80% of supply from south African platinum mines.
Bankruptcy for mines when? Two reasons:
Nig nogs
Low platinum price (big primary income)

Increased need for car industry:
Electric walhalla not here yet
Catalysts still need (even heard increasingly need) rhodium.

10 years ago it hit 10k but the mines were running fine back then. Now prices could become more sustained.

>> No.11215359

What is the best way to purchase silver in EU?
If it goes with delivery, it should be an international one

>> No.11215456

>>11215105
Who the hell sells Rhodium? Doesn't look like anyone in my country does. Does importing precious metals incur tax generally?

>> No.11215464
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11215464

>>11215456
depends, nz is tax free on gold and silver at least

>> No.11215495

>>11215464
How did you know I was in NZ?

Yeah I did know about au/ag, but not sure about more exotic metals

>> No.11215582

Daily reminder silver is manipulated af, and the currently massively underpriced. Why else would a bank pay 30 million USD to settle, an allegation of market manipulation?

>> No.11215948
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11215948

>>11214090
They'll never find my gold stash lol, I use rare earth magnets to hide it

>> No.11216061

>>11214989
This Anon is going to make it

>> No.11216075
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11216075

>>11215495
;)

>> No.11216239

>>11215456
In europe look for degussa.
Degussa switzerland does, I know they have branches in germany.
Goldsilver.be sells in belgium.
You'll have to look around a bit that's true and prices can differ significantly.
As an aside, it is being minted in coin form as wel these days.
https://www.bairdmint.com/products/tuvalu-1oz-rhodium-coin

>> No.11216261

>>11215582
This is why you invest in physical.
If you must go with an etf go with PSLV over SLV. PSLV is 100% backed by real silver. Not just paper.

>> No.11216272

Anyone fuck with Kinebars?

>> No.11216381

>>11216061
I will be 1/50th compared to him.

>> No.11216627

Silver closed the gap. Time to go up

>> No.11216664

>>11204215
lightning is weird. is it all silver or also other metals?

>> No.11216893

bump for laughs

>> No.11217004

Anyone know how to deal with "milk spots"

>> No.11217008

>>11216893
bump for intrinsic value

>> No.11217102

>>11217008
Bump for moon shot

>> No.11217123

>>11217004
I've heard that using a pencil eraser will get them off.

>> No.11217244

>>11217008
its an asset thats based on speculative, subjective supply and demand effects.
Companies with riskfree discounted cash flows have intrinsic value

>> No.11217496

>>11216664
lower left is some copper bars just for fun. The rest of it is silver.

>> No.11217565

>>11217496
yerp

>> No.11217589

>>11217496
>>11217565
and of course I mean lower right. I like clinking them together, they make a nice sound.

>> No.11217608

>>11217244
gold has held value for 5,000 years mate

>> No.11217769

>>11217608
The price of silver changes from min to mind. How is this HOLDING value? I guess everything holds value then...

>> No.11217782

>>11217769
The weight of my brain is crushing my brain....

>> No.11217823

>>11217782
Soon there will be a black hole in it's place... I need to explain this to you it's because my brain is sooo dense with matter

>> No.11218259
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11218259

>>11217823
Here fren, take this.

>> No.11219202

>>11217769
You're measuring it in relation to fiat when it should be the other way around

>> No.11220175

>>11219202
Key word "should" but its not and will not be. One, buys and sells PM for what, fiat. Same goes for crypto... u don't buy/sell crypto for crypto... you do it for REAL money.

>> No.11220627

PM bump

>> No.11220944

Bump

>> No.11221237

>>11220175
You can buy things in crypto/PMs. Just need to find somebody who accepts it. Bought some discounted ammo at a pawn shop for 2 ounces of silver a year ago.

>> No.11221304

Whats some decent speculation on Platinum? Since its major usage is in catalytic converters for gasoline engine cars, and those are expected to be phased out and cracked down, is the value of platinum supposed to plummet? Or will its lower demand combined with the lower mining cause it to stick with inflation?

>> No.11221986
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11221986

>>11221304
I dont know frien.
What I can tell you is this plug-in car production is estimates to be 2,1 million this year, out of a total of 74 million.
That means 72 million are gas and diesel.
Real decline in combustion engine production is still 5 years down the road.
A full electric car that comes in handy (300 mile range for 20-25k, thats a long way down the road)
So I think for 5-10 years the bulk will remain pure or semi(hybrid) combustion.

Picnonrelated: ltc vs silver

>> No.11222472

Bump

>> No.11222969

Pm bump

>> No.11223357
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11223357

oof, I wish PM was as popular as crypto

>> No.11224495

bump, come on where muh bugs at? it's like crickets in here tonight

>> No.11224661

What percentage of investment money should I put aside for silver? I know the 10% meme but im not a retiring boomer, im aggressive stocks and crypto. What percent of your portfolio is pm?

>> No.11224675

>>11224661
I dont know why I said silver, I meant pm's in general

>> No.11224709

>>11223357
well...do you have an exchange where you can trade pm futures with x100 leverage and no id verification?
because if not, you're fighting a losing battle for hearts and minds

>> No.11224735
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11224735

>>11224675
Cuz subconsciously you feel the silver moon coming.

>> No.11224768

>>11224709
I don't know anything about crypto... you can have 100x leverage wtf? Really, please explain.

>> No.11224910

>>11224661
>>11224709
I have a small black bag with a bunch of 1oz gold krugerrands in it, that is my portfolio. and the bag is hidden in a safe place with a neodymium magnet.

>> No.11224938

>>11224910
do you trade or stack?

>> No.11224965

>>11224938
pretty much just stack, I've got about a pound of gold and that's probably enough for right now

>> No.11224981

>>11216272
BUMP

>> No.11225091

>>11224965
Why do you stack? Do you ever sell? If you sell what's your percentage?

>> No.11225104

>>11224965
Also do you use TA?

>> No.11225111

>>11215582
Silver is overpriced. Market manipulation is to keep the price supported with paper contracts. Real price of silver should be $7-10 per oz.

>> No.11225119

>>11225111
Why should it be 7-10?

>> No.11225141

>>11225111
Also, does it matter what it should be as long as u can make a percentage? Could be 50 could 5.... as long as u make money.

>> No.11225147

>>11225091
Sometimes I get coins I'm not crazy about so I will sell them to people I know for about what I paid for it. I'm the "gold guy" in my network so if someone wants a gold coin they know to ask me. It's more of a hobby than something to make money off of. I simply stack gold as a hedge against inflation/economic uncertainly. I also like to collect the dates of different krugerrands. I have dates from the late 70's/early 80's that correspond to arcade game release dates (like space invaders, centipede, frogger lol). I'm not sure what a TA is.

>> No.11225245

>>11225147
TA is tits and ass... jk, is technical analysis it's what trade use.

>> No.11225256

>>11225245
Traders

>> No.11225280

I need to stop talking on this thread ... Every time I do the price drops...

>> No.11225296

>>11225119
Historical price hovers somewhere around there.

Silver also does not have as many industrial uses as gold does.

>Also, does it matter what it should be as long as u can make a percentage? Could be 50 could 5.... as long as u make money.

It matters greatly because at a certain low enough spot for metal content it no longer makes sense to buy phys and it would be better to paper trade. At the point where it gets that low you would be better off looking at Numismatics as there would not be as much depreciation in price.

>> No.11225341

>>11225245
oh the fancy charts with all the lines

>> No.11225395
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11225395

Anyone have an opinion on Palladium? These Soviet coins look badass.

>> No.11225402

>>11225341
You have to be part autistic to be a trader.

>> No.11225430

>>11225402
My dad did daytrading back in the early 00's and lost a ton of money so I'm fairly adverse to investments that are designed to generate short term gains. I'm thinking 20, 30 years ahead with PM.

>> No.11225480
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11225480

>>11225430
To each there own, whatever works for you man.

>> No.11226046

Pm bump

>> No.11226140

>>11204302
NSA cares about all. EVERYTHING is monitored and stored.

>> No.11226194

>>11205838
What will the value of gold be once the system collapses? Like an ounce of gold is $1200, so 20 ounces of gold is enough for a new car. After the GFC is settled, what will 20oz of gold buy you?

>> No.11226204

>>11226194
Nothing cuz the man with the biggest gun will take it.

>> No.11226238

>>11226204
That's why you stockpile ammunition and guns.

>> No.11226367

>>11224910
What does the magnet do?