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17740161 No.17740161 [Reply] [Original]

The bear has left the cave edition.

Not the usually guy who does these, but with we need a place to circle jerk.

Prev >>17720326

=====

"...cash is not a very convenient store of value..."
— Janet Yellen (Federal Reserve Chair), Q&A after speech March, 2015
"With thy wisdom and with thine understanding thou hast gotten thee riches, and hast gotten gold and silver into thy treasures:;"
- Ezekiel 28:4 KJV

=====

PRICE OF GOLD / SILVER (against currency)
https://goldprice.org/

Ways to invest in Gold (and in turn other metals):
- Physical Gold <--------------------------------- Ideal
- Sovereign gold bonds (SGBs)
- Mining stocks
- Gold backed Crypto, i.e. Tether Gold (XAUt) and others
- Cashless Lending to Goldshops (for i.e. 2% at GoldSilbershop.de)

Wiki on verification of gold.
https://www.wikihow.com/Tell-if-Gold-Is-Real

Bullion tax info by state:
https://www.apmex.com/state-sales-tax-information

Recommended online dealers for
>America:
https://www.jmbullion.com/
https://www.apmex.com/
https://silvergoldbull.com/
https://monumentmetals.com/
>Europe:
https://www.europeanmint.com/
https://www.bullionbypost.co.uk/
>Australia:
>>>/s4s/

Gold Panning
https://www.youtube.com/watch?v=ZCL6FKQZyoM [Embed] [Embed] [Open] [Embed] {Embed} [Embed]

Spot silver deals & a good site to check prices of competitors:
https://findbullionprices.com/buy-silver-at-spot-deals.php

YouTube/Reading Resources:
https://www.youtube.com/watch?v=EK2Y9fVEbD0 [Embed] [Embed] [Open] [Embed] [Embed][Embed]
https://www.youtube.com/watch?v=lsUaTzRCv68 [Embed] [Embed] [Open] [Embed] [Emdeb] [Embed] [Embed]
https://www.zerohedge.com/commodities/gold-silver-ratio

>> No.17740392

redpill me why gold is dropping now, the same thing was happening during the 2008 crisis and then it went back up again.

>> No.17740407

>>17740392
Margin calls

>> No.17740439

>no local coin shops
>online stores nearly empty

what do.

>> No.17740473

>>17740439
Cash out everything and hope for the best

>> No.17740567

>>17740161
Became a silver Chad today
Bought 1,5kg in bars and 7 ounces in coins

>> No.17740644
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17740644

>>17740567
Nice anon, I pulled the trigger on an oz of gold and the 2020 ATB coin in honor of Coronachan

>> No.17740748
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17740748

>>17740644
PRAISES BE UPON CORONA-CHAN FOR THIS BOUNTIFUL HARVEST. DUBS CONFIRMS SHE IS TRULY WITH US

>> No.17740811

i just noticed that my online coin shop is delisting offerings instead of marking them as 'out of stock'
the silver maple leaf disappeared overnight

>> No.17740831

at the same time our currency devalued 5% compared to the USD in the last 24 hours

>> No.17740946

So when's silver going to go above $18

>> No.17741035

Thinking about listing my Finnish M39 on armslist for $500 so I can go buy silver. I bought it on a whim last month

>> No.17741061

silver isn't cheaper guys, dollars are more expensive

>> No.17741158

>4 trillion repo
the printer is running hot

>> No.17741224

>>17741035
good luck anon, regular mosins are going for 300-450 in my area. I'm sure PM will be dipping again soon as the boomers try to save their retirements

>> No.17741362

>>17741224
>I'm sure PM will be dipping again soon as the boomers try to save their retirements
I drove down to the coin shop in my town then turned around and went home. I think I will wait for a little bit more blood in the streets before I start to buy.

>> No.17741585

I've got 2.5 ounces of gold and 45 ounces of silver, will I make it?

>> No.17741681

>>17740392
fed is selling gold to prop up all markets
silver/gold moon mission imminent
>>17740439
might already be too late, I've been telling you guys for years to bag up
>>17741585
yes you will

>> No.17742148

FUCK FUCK FUUUUUUUUUUUUUUCCKKKKK.
My dad works at the Fed and he said that they were printing so fast that the printer overheated and CAUGHT ON FIRE!!!!! SHIT! ALL THE MONEY BURNED UP!!! FFFUUUUUUUUUUUUCCKKKK

>> No.17742913

my coin shop announced they are temporarily closing their physical store

>> No.17743020
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17743020

>>17740161

>> No.17743759
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17743759

>Told gf I'm currently losing a lot of money on gold
>Thinking she's gonna be mad but I'll just have to take the time to explain it to her
>Her immediate response is unironicly "well... buy more... obviously"
>mfw

>> No.17743855
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17743855

stock chad without any PM experience here. I sold the absolute top of every stock i had few weeks ago, currently 100% in cash. what should i buy?

>> No.17743972

>>17743759
>his ho knows about his stash

>> No.17744307

>>17742148
Lmao yeah buying more Ferrum and Guns here.

>> No.17744392

TFW Bought 50K of mining stocks on friday. Im holding for at least a couple years no matter what but damn it hurts lads. Miners going down more than S&P. Please tell me ill make it if gold / silver moon

>> No.17744394

Used all my dry powder on mining stocks yesterday and today. Already have heavy physical bags.

Hold steady friends.

>> No.17744479

>>17744392
Why....did you not learn when they dropped harder than tech stocks?

>> No.17744657

>>17744392
why not buy silver/gold instead

>> No.17744723

>>17744479
I know, I thought gold would rally and push the miners. Hopefully they got a pop like they did in 2010 / 2011 after the fact
>>17744657
I bought a lot of it too so hopefully they both go up

>> No.17744728
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17744728

More than doubled my stack today. Fuck crypto

>> No.17744742

Back below $16 fuck fuck fuck why couldn't this be the beginning of the month

>> No.17745004

>>17743020
Why would it be any different guise?

>> No.17745026

>>17743020
Except silver is ready for moon mission now

>> No.17745077

>>17745026
With demand in industry being low, how?
I have silver, but gold usually performs, but just had higher introductory costs.

>> No.17745088

>>17744728
Where are you buying at spot?
Am I retarded?

>> No.17745101

>>17740392
Gold/silver go up when confidence in government is low. Right now everyone is fleeing to government for safety.

>> No.17745159

>>17743855
My literal silver bags

>> No.17745200

>>17745088
Yes you are, rest OP for sellers.

>> No.17745276
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17745276

today i shall bless them

>> No.17745306

>>17745101
Silver has sank in value over the years for each recession.

>> No.17745578

>>17743759
Based. Hodl on to her desu

>> No.17745681

Nobody, kek

>> No.17745826

>>17740748
They have bat coins? I bought a British minted, "Year of the Rat" coin in memory of Corona-chan.

>> No.17745865

>>17745200
I've never seen jmbullion at spot

>> No.17745986

>>17745865
They sell a start pack at spot. Look in the OP
>https://findbullionprices.com/buy-silver-at-spot-deals.php

>> No.17746068

>>17740392
Repomarket fails and collateral

>> No.17746072

>>17740161
Thread Theme
https://www.youtube.com/watch?v=9W6AN_eQeZo&feature=emb_title

>> No.17746291

How often have you sold stacks in the just?

>> No.17746306
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17746306

>>17743855
Jesus dude we've been pounding the table about this for MONTHS YEARS NOW
Your cash will literally become pic related in a few weeks time. BUY GOLD. SILVER. AMMO. FOOD.

>> No.17746610

>>17743855
Buy good quality silver.
RCM, Royal Mint, ASE's, etc.
Disregard junk silver.
Dont buy gold, it is very high right now; more likely to come down.

>> No.17747000

So assuming this is a similar situation to 2008, how low do you think gold is going to get before it comes back up?

>> No.17747532

>>17740161
I want to buy some metals, 1-2 ozs of gold and potentially some silver.

Questions: How do you guys protect your gold? Additionally, how would you liquidate at market value if you needed that money in a hurry?

>> No.17747863

>>17747532
If you have to sell in a hurry you won't get full price, just how it is. Keep two months expenses in cash as a buffer.

>> No.17748018

>>17747863
Do you have a safe? I'd feel uncomfortable keeping thousands of dollars just sitting in a small strongbox or something- not just in case of burglary but also fires, etc. At the same time I've been meaning to get a safe and get it installed for my rifles but I've been lazy. Guess it's time to get moving on that.

>> No.17748162

Palladium was REKT the worst, but it had a great run up until today.

https://twitter.com/MacroTechnicals/status/1238162855582740480

>> No.17748550
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17748550

Gold at $1570
Silver at $15.70

What are you guys thinking, will it go lower?
I want to think it will hit a low on friday, then on monday it will go up again.

>> No.17748696

>>17748550
Silver hasn't really returned especially in the past. It went over $40 a short period, but that was the peak and supply chains are fucked to places that need it for manufacturing. Watch tomorrow and you might get around $15 again though.