/pmg/ - Precious Metals General

[PMG BAKER No.23848376]

Asuna shows her farm animals edition

Bullion dealers
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://providentmetals.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.com/
https://gainesvillecoins.com/
https://silvertowne.com/
https://schiffgold.com/
https://goldsilver.com/
https://pinehurstcoins.com/
https://sprottmoney.com/
https://goldsilver.be/en/
https://silvergoldbull.com/
https://www.goldeneaglecoin.com/

>Constitutional/"junk" silver info
https://jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
http://coinflation.com
http://coinapps.com/

>Compare
https://findbullionprices.com/ (US)
https://eu.compare.pm (EU)

>News
https://kitco.com/
http://silverseek.com/
https://mining.com/

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

>Prospecting
https://youtube.com/watch?v=ZCL6FKQZyoM [Embed]
https://usgs.gov/energy-and-minerals/mineral-resources-program/science
https://gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
https://mndm.gov.on.ca/en/mines-and-minerals/mining-act
https://amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
https://youtube.com/watch?v=3mg9YcAShTo
Magnets
https://youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

EU/ENGLAND sources
https://www.chards.co.uk/ [Much cheaper than BullionByPost]
https://goldprice.eu5.net/ [Website to compare gold prices for UK]

Russian/European coins
https://oldsilver.ru/

Previous thread:
>>23832525

[Anonymous No.23848454]

Listening to Irwin Schiff is fascinating.

https://www.youtube.com/watch?v=PldyfV8QBcA

[Anonymous No.23848465]

Micro stackers of the world unite!

[PMG BAKER No.23848487]

I know I missed an embedded. I am currently tired. Also, posting this so you guys can listen to it.
https://www.youtube.com/watch?v=dcZHkwBf8v4
https://www.youtube.com/watch?v=qzDjJ-SrojY

[Anonymous No.23848529]

Oooo I made it into the OP

>>23848465
Extremely based st Georges Russian silver anon... I really need to pick up one of those, I really like how st George has the lance vs the sword in those ones, just feels right.

What did russia bro charge you for shipping?

[PMG BAKER No.23848564]

>>23848529
Asuna anon, you needed this at least once. We need to have some more OP to shine some light on the artwork in this community from time to time.

[Anonymous No.23848597]

>>23848529
I splurged so much the shipping was free.

[PMG BAKER No.23848613]

>>23848597
It is not splurging since it is you sticking it to the man by getting real money.

[Anonymous No.23848643]

Is it a dumb thing to have all physical and not buy any miners?

[PMG BAKER No.23848670]

>>23848643
No. If you can keep it around you, and protect it. It is not dumb. Miners are more speculative/ risk thus more upside. However, it comes at a cost of it going to 0 due to bad management.

[Anonymous No.23848775]

>>23848376
What do you guys think a minimum making it stack is? I'm thinking 100 oz silver 1 oz gold

[Anonymous No.23848838]

>>23848775
An imperial ton of silver and half an ounce of gold.

[Anonymous No.23848856]

>>23848643
> Is it a dumb thing to have all physical and not buy any miners?
No that’s a high IQ decision, just remember at any time any mining company can go bankrupt and you could lose everything you put into the company. Once you have physical you have it forever (if you secure it properly)

[Anonymous No.23848913]

Helping biz out. This might be the last stock until 3 more years again.

https://www.hashtagcollectibles.com/products/pepe-the-frog
https://www.uncute.com/collections/everything-else/products/pepe-the-frog

[Anonymous No.23848956]

Here's Apmex's most viewed advertisement of all time. I wish they still made videos like this.
https://youtube.com/watch?v=Zwahrlns1No

[Anonymous No.23848981]

looking at and holding my coin genuinely makes me happy

[Anonymous No.23849008]

Is this the best looking bar?

[Anonymous No.23849105]

>>23848913

>$35

You can get a pepe on aliexpress for $10 and buy another ounce of silver with the remaining money.

https://www.aliexpress.com/item/32836317700.html?

[Anonymous No.23849177]

Do you have all your money on metals?

Is it worth it having $1000 in cash lying around?

t.noob

[Anonymous No.23849195]

>>23848454

Just as relevant now as it was in 2001.

[Anonymous No.23849206]

>>23849105
That's not the officially licensed pepe

[Anonymous No.23849224]

>>23849177
Lol $1000? What is that going to buy you? What is your plan?
Having money to invest at any moment is always a good plan.

[Anonymous No.23849235]

>>23849105
>>23849206

[Anonymous No.23849241]

>>23849008
I've wanted one of these for a while, but they're out of stock everywhere.

[Anonymous No.23849243]

>>23849177
>Is it worth it having $1000 in cash lying around?
Of course.

[Anonymous No.23849247]

>>23849177
Might want to hold more than 1k in cash anon lol. Think at least 5k

[Anonymous No.23849249]

how come gold was up 1% today but GDX was down -3.4%? y tho

[Anonymous No.23849266]

>>23849249
jews

[Anonymous No.23849388]

>>23849206

Unlicensed meme is best meme.

>>23849235

So buy a bunch for $35 and sell them for that amount.
Of course you won't, because you know it's not gonna sell.

[Anonymous No.23849415]

>>23849266
Checked

[Anonymous No.23849520]

"IMHO BTC still has a long way to go. But to overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7bn transacting individuals. BTC will then have no role and sink to zero priced in gold."

"If BTC is truly money gold will be priced in BTC when fiat finally fails. If not Gold will be money and BTC will evolve from a store of value into possibly the biggest bubble of all time."- Alasdair Macleod

[Anonymous No.23849553]

>>23848465
First time baby stacker reporting in.
Pic related is all I have. Got it today.
Still feel stupid for not just buying more Crypto.
But I guess I have to diversify.

[Anonymous No.23849569]

>>23849520

I bet this guy invested his life savings into btc behind everyone's back. No way anyone would fall for this dud fud.

[Anonymous No.23849622]

>>23848597
NOICE!

Ill just have to do the same, order a bunch when I have some more discretionary funds.

[Anonymous No.23849699]

>>23848454
Amazing speech
I might buy his book

[Anonymous No.23849813]

>>23849553
Welcome, fren. Crypto just doesn't clink like silver does.

[Anonymous No.23849837]

>>23849813
>Crypto just doesn't clink like silver does.
That's true

[Anonymous No.23849870]

>>23848465
>micro penises of the world unite,..
finally! a thread I can participate in!
oh wait, doh!

[Anonymous No.23849933]

>>23849699
what's the quick rundown on the video?

don't have time to watch it all

[Anonymous No.23849958]

little babby coins

[Anonymous No.23850016]

PM bros, a random anon posted something yesterday about shorting the government bond market with $120 TLT January puts. I did some research and ultimately concluded with his assessment. Guaranteed inflation, which the Fed has openly committed to at a high level, threatens to make the current crop of 20 year bonds effectively worthless, as they won’t keep up with inflation targets. The chart for TLT looks primed to suffer a major reversal. I put some money into TLT puts as a result, nothing close to my physical silver or mining stock holdings, but it’s a high risk high reward play to diversify a little bit while still holding to the fundamental thesis for metals.

[Anonymous No.23850080]

>>23849933
Basically he rants about how terrible the US ecobomy is (2001). Illustrates amazingly how bad things really are.

[Anonymous No.23850092]

>>23850016
interesting, I wish I understood puts and calls.

[Anonymous No.23850132]

baby coins next to full size coins

[Anonymous No.23850180]

>>23848454

Watching this makes me afraid of what America is becoming. Things won't be as fine and dandy once the World cooks America's Goose.

[Anonymous No.23850258]

>>23850180
>is becoming.
It has been like that since 1913

[Anonymous No.23850303]

>>23850016

Would buying inverse etfs work if I'm not an options trader?

[Anonymous No.23850341]

>>23848913
>alt-right symbol
>helps Matt Furie fight nazis
>may be anatomically correct
lmao, what the hell is this listing, some kinda weird narcissistic twitter furry bait?

[Anonymous No.23850375]

Went to my LCS today. He acted like he’s never seen me before. Wanted 20x for quarters and 21x for halves. I said what the fuck are you smoking? Acted like I was the crazy one.

[Anonymous No.23850458]

>>23850016
I dont think you understand what deversifying means

[Anonymous No.23850511]

>>23848465
I have a 1/4 oz gold coin 2010 form Russia with the same design of based George slaying the fiat dragon. Brought it way under spot after the corona spike in spot and the guy didn't update his prices in time must have been livid . Also first time posting on 4chins did I do it right stack bros?

[Anonymous No.23850517]

>>23850375
>LCS
local coin supplier?

[Anonymous No.23850549]

>>23850517
I guess, more often know as local coin shop but same thing really

[Anonymous No.23850596]

>>23849520
Alright, I've gone down the rabbit hole and I want to give you a friendly reminder that BTC is not a store of value and was never intended to be until the greedy fucker devs realised they could simultaneously avoid fixing the block size problem, and make more money of marketing BTC as a 'store of value' rather than an actual everyday currency that takes power away from centralised banks. BTC is utterly shit for practicality and making actual everyday transactions, purely to make a few select people rich. Not only does it not solve the problem of centralised money creation, it has become the same as what it was created to oppose. Bitcoin could be good if it were BCH, but greed has destroyed it.

[Anonymous No.23850675]

PM bros will we ever make it? Everyone always talks on here about passing down a treasure trove to their kids, grandkids, etc., and I think that’s great, but I wanna enjoy wealth while I’m still alive.

[Anonymous No.23850674]

>>23848376
I have the opportunity to get 24 ounces of silver at spot, never really bought and precious metals, do I take that deal or

[Anonymous No.23850740]

>>23850674
pics of the silver?

[Anonymous No.23850836]

>>23835392
>>23835549

As a counterpoint, a lot of PM speculators hold 50 or so stocks as a way to diversify risk. I see Don Durret mentioned here and his top 25 list posted; and he's a guy with over 50 stocks. Mining is never ever 100% and you can always get blown up by fire, flood, plague, earthquakes, politics, riots, terrorism, corruption, environmentalism, activism, general poor management decision making, etc... And it'll absolutely blindside you.

Some examples include Sandstorm getting blown up for having turkey exposure; Sandstorm was considered a sure bet royalty company for a while now.

Mcewen Mining getting blown up by the guys he hired to analyse the geology at one of his projects, who told him the veins run horizontally instead of vertically. Also getting floods and fires and their mines from some contractors fucking up. Rob Mcewen is as trusty of a name as you can get out there.

First Majestic's tax dispute with the Mexican Gov't requiring Nafta arbitration causing their stock to lag behind as all other producers have rocketted up this year.

This is just to name a few off the top of my head, and I think these companies have some fantastic management. But it's just mining, so you sometimes get fucked. That's just the risk that we have to remember.

Guys like Rick Rule hold smaller portfolios as they're able to stay absolutely on top of management and all newsflow so as to be able to sell on a dime. Regardless that's a pretty good portfolio on the risky side, depending on your exposure amount to the ETFs.

[Anonymous No.23850885]

>>23838462
>>23838598

The case for Defiance made by Quinton Henneigh and Tavi Costa; Quinton has a track record of finding world beater deposits and as I remember, Defiance could be one of these.

https://www.youtube.com/watch?v=BQMAgyZj6ZY&ab_channel=CrescatCapital

[Anonymous No.23850905]

>>23850740

[Anonymous No.23850917]

>>23850905
they have two more ounces I just can't find the pics, similar quality

[Anonymous No.23850952]

Loving the inflation vs deflation discussion going on here. We got some Steve van Metre, Brent Johnson, Jeff Snider, Raoul Paul fans here apparently.

[Anonymous No.23850982]

>>23849520
I know nothing about crypto but why is Bitcoin still popular in late 2020? Everyone was talking about it in like 2011 but hasn’t it become clunky and obsolete by now? What is the value proposition of investing in BItcoin right now?

[Anonymous No.23851006]

I'm going to buy my first PMs. There's something that's bugging me though. Why exactly should I buy some silver instead of 100% gold? I get that silver has a lot more upside like a shitcoin, but can it really be said to have the same properties as gold? Gold is gold, it doesn't corrode.

Most stacks I see posted here are 90% silver and it seems most people are "padding" their stacks with it, while silver historically has pretty much always gone down whereas gold remains a safe store of value no matter what happens.

[Anonymous No.23851015]

>>23850982
Paypal accepts it as a form of payment. That's all I know.

[Anonymous No.23851148]

>>23851006
There's a lot of silver bugs in pmg. If you're just getting into pms, I'd get a little chunk of gold first.

But like any pm, beware of high premiums. Don't forget, we're stacking metal, not memes.

[Anonymous No.23851154]

>>23850982
Overall institutions seem to be slowly but surely turning to bitcoin and crypto. Central banks are making a push for digitalised currencies, controlled directly by them. Bitcoin and crypto are currencies whose thesis is decentralisation and the inability to be manipulated by some institution. That's what I'm understanding right now.

>>23851006
Silver is just the higher beta play for gold. So long as you believe in a gold bull market it makes sense to leverage your gold play with silver. Higher risk, higher reward. It also has some kickers like the industrial demand, tiny market cap, market manipulation. dyodd

[Anonymous No.23851174]

>>23848529
Ive got the ram of that lunar series. God damn they are just gorgeous coins. I stack bars and rounds, but the Perth mint makes some sick coins like the double dragons and shit.

[Anonymous No.23851192]

>>23849415
Coinstar find?

[Anonymous No.23851197]

>>23850375
Is probably being monitored by glow in the darks.

[Anonymous No.23851233]

>>23850982
FOMO is literally the only thing Bitcoin has going for it anymore. Normies will pile into anything if it gets shilled hard enough, and just like any ponzi it serves the interests of those who got in early to shill as hard as possible to make their own investments worth more. Paypal accepts it because enough people use it, but that doesn't make it inherently valuable. A scarce pile of shit is still shit.
>>23851006
You'll get a lot of people talking to you about the historic gold/silver ratio being at all time lows, about the industrial applications for silver with batteries and shit, though I think the true reason most people buy silver over gold is that it is cheaper to buy with less lost on premiums. Silver and gold generally move together pretty much regardless. Ultimately I think you're right in that silver isn't really as relevant as a monetary metal in the modern world, sometimes it takes a child/beginner to point out the obviousness of the Emperor's clothes. Even in the event of a fiat system collapse, we're not going back to physical silver currency, at best we're going to a gold-backed currency and at worst we're going to a new digital fiat currency.

[Anonymous No.23851317]

Pan Man have you heard that Crescat Capital with the endorsement of Quinton Henneigh bought 2 million shares of Strikepoint at .15c? This seems like a HUGE endorsement. Stock has barely taken off as well.

I also hadn't realised Strikepoint and Dolly Varden shared a CEO and Director. Listening to Shaun talk about his strategy for acquiring Strikepoint's properties during the bottom of the bear market sounds extremely Ross Beaty like. Very reminiscent of Goldmining Inc who did the same thing, and who've been my biggest winner this year.

[Anonymous No.23851325]

>>23850982
to me it only retains its value because normies invest into it and there hasn't been a massive sell off yet to scare everyone away from it.

>>23851006
I'm a babies first stacker myself. tho I believe most invest into silver because of the debt clock where dollar to silver ratio is $4,281 and gold is $32,631. if it were an oz to oz exchange in this scenario you'd only need like 1:8 in gold and silver to be equal and as you can see right now silver is 1:77-78. so if this scenario was correct you have lot more to gain by investing into silver than gold. I've also heard that silver is less abundant than gold, gold is also recycled more than silver, silver is also used in much more products than gold.

[Anonymous No.23851329]

>>23850132
1/10 ozt gold coins are cute

CUTE

[Anonymous No.23851345]

>>23850982
>>23851154
Central Bank Digital Currencies will be live in a year or two and are not a meme. China is already testing theirs. This gives Bitcoin a huge amount of legitimacy, as it proves the idea works.

Of course, the reason that governments are so keen on the idea of CBDCs is that it removes cash from the equation entirely. Cash acts as a floor against negative interest rates, because you can just withdraw your money from a bank and avoid them. With CBDCs, there will be no way to do that, and you will lose money for holding money. They don't want you saving, they want you spending.

This of course is hugely bullish for gold, as they haven't figured out a way to create negative interest rates on gold yet. While short term hugely bullish on bitcoin, it may end up being long-term bearish as the government would be able to see exactly who owns what bitcoin. They could, and very likely will, increase capital gains taxes on "unproductive assets" like gold and BTC to eye watering levels, labelling anyone trying to escape negative interest rates as greedy money hoarders, and there would be no way to cash out. With gold, you can always just hand it to them in exchange for goods and services.

China has been buying all the gold on the market, and it's very likely when the next Bretton Woods comes, they will have a digital currency backed by a reserve of gold. Of course, they control most of the bitcoin hashrate too, so they win either way.

[Anonymous No.23851416]

>>23851325
Keep in mind though, the idea of converting silver to gold when it hits 1:8 might be fucked by the fact that everyone will be trying to convert (and sellers might not want to sell at that point if fiat has gone pop).

In my view, it's good to have more gold in hand today, than expect I can convert everything in the future.

[Anonymous No.23851437]

Gold > Silver, sorry guys but you know its true
>inb4: 1 post by this ID
Pic related is what everyone on this board is overdosing on

[Anonymous No.23851512]

>>23851416

This.

Also "cashing out" your PM's doesn't have to mean selling for fiat, I fully expect to be trading some of my silver for labour and raw materials in the coming years if my gov continues to QE which it will of course.

[PAN MAN No.23851513]

>>23851317
I have heard of Crescat Capital but I hadnt heard of them putting money into Strikepoint yet. I still really do like Strikepoint, I think down the line one of their Golden Triangle properties will be a serious mine or exploration target for a major miner.

[Anonymous No.23851567]

>>23851437
We'll just have to wait and see. You've been losing though as silver has outperformed and will continue to. the boatload of silver and silver miners I bought at over 100 Gold:Silver ratio has netted me so god damn much money and has taken years off my retirement. Easiest trade of my life, I feel horrible for any one listening to the gold silver ratio fudders. Let's wait and see.

[Anonymous No.23851615]

>>23851567
I also bought a shit ton of silver when the ratio was around 100, but I'm saying buying silver now is the wrong choice IMO

[Anonymous No.23851736]

hey guys...

[Anonymous No.23851745]

>>23848376
Recommended me some foreign silver coins anon, not bullion but coins that people would spend and carry around in their pockets

[Anonymous No.23851770]

>>23848376
Recommended me some foreign silver coins anons, not bullion but coins that people would spend and carry around in their pockets

[Anonymous No.23851848]

>>23851736
its only going to get crazier

[Anonymous No.23851865]

>>23851736
easy to check with audits of paper ballots, manual recounts, and canvasing.

also not a likely problem when so many democrats mailed in physical ballots. But time will tell.

[Anonymous No.23851872]

when you guys set up your silver stacks for photo shoots your are wearing gloves right? i dont even want to take them out of the mint tube

[Anonymous No.23851938]

>>23848454
A (((schiff))) pushing the line that 9/11 was pulled of by OBL and muslims instead of America's (((greatest ally))).

These people simply CANNOT stop pushing their own in group interests.

[Anonymous No.23851939]

>>23849553
Congratulations, and do what I do: use crypto only as a device to basically increase your physical stack. That is how you truly lock in profits for good!

[Anonymous No.23851997]

>>23851848
>>23851865
i dunno whats gonna happen, but this is getting heated.

back to metals
>>23851770
>>23851745
sovereigns or equivalent, usually only 2-3% premium. sometimes even real close to spot. helvetias are nice

[Anonymous No.23851999]

>>23851872
Who gives a shit if it gets touched? Stop being autistic it spent thousands of years buried in dirt ffs

[Anonymous No.23852014]

>>23851345
https://www.zerohedge.com/markets/europe-has-been-preparing-global-gold-standard-1970s

Always an important reminder than many countries are planning gold-backed currencies. Fiat has truly been a disaster, but central banks have to let it play out so that EVERYONE gets screwed over and they can step in as the saviour rather than the jerks who caused the problem in the first place, otherwise there would certainly be civil wars everywhere.

[Anonymous No.23852050]

>>23851997
so far 2 out of the 47 counties in Michigan have found that in total 8.5k votes for trump went to biden. if they keep digging the truth will be found.

[Anonymous No.23852063]

>>23851938
yeah, but Irwin Schiff was thrown in prison by the IRS and died there. He was a target of the Federal Reserve and a political prisoner for exposing them. Peter is probably going to be in prison soon just like his father, even though the charges are BS.

[Anonymous No.23852067]

>>23850836
A lot of its is how much time you have, I like rick rules method, where you only invest in as many socks as you have time to keep on top of, which I think is a minimum of 1 hour per stock per week.

[Anonymous No.23852079]

>>23851736
Dr Ayylmao is a habitual liar and a narcissist with the habit of crying racist when anyone disagrees with him over his so-called invention of email, so I would expect him to do anything he could to advance his own position.
https://www.sigcis.org/ayyadurai
http://emailhistory.org
https://multicians.org/thvv/mail-history.html

[Anonymous No.23852143]

>>23852050
The more that keeps getting uncovered, the more hopeful I am society will actually take notice. I'm trying to not let the /pol/ schitzos get me high on hopium, but some it actually may actually come to pass. My newfound hobby and interest in silver/gold may have actually been some form of divine intervention

[Anonymous No.23852175]

>>23852143
the changes he mentions happened a week ago, no similar situations have been found elsewhere.

fair warning, nothing's going to happen.

[Anonymous No.23852177]

>>23852143
the /pol/ schizos are right.

[Anonymous No.23852226]

>>23852143
I'm fairly confident trump will win the legal battle and the fraud will be exposed but people aren't going to believe it and the next 4 years is going to be a hardcore narritave of rise of hitler and his red hats. killing red hats in the street is fine, we need to purge this facism now before its too late, U.N. Intervene please. Also enlightenment is brought to those that seek their own independence, firearms, ammo, PMs, and having the skills will lead you to the correct path in life.

[Anonymous No.23852243]

>>23851997
I know about sovereigns but I’m asking specifically about foreign silver, think European and South American stuff from 1850-1970

[Anonymous No.23852289]

>>23852226
over half of his legal cases have already been thrown out.

[Anonymous No.23852319]

How do I bully a friend of mine into buying silver? Motherfucker is constantly asking me about it and he has no savings to speak of.

[Anonymous No.23852353]

>>23852289
is the glass half full or half empty? there is validity to the fraud and now that the DOJ has to investigate its compiling all the info available for SCOTUS to make a decision. the truth will be revealed and the nation forever changed.

[Anonymous No.23852370]

>>23852319
>and he has no savings to speak of.
How tf is he gonna buy silver then?

[PMG BAKER No.23852380]

>>23852319
Use the March For Dimes memes here, and pressure him through the toad of a president of the WEF saying he will erase personal property by 2030 and he will be happy. AKA, no Wife, wifu, or wifu pillow all for himself without the weeb rounds. Have him get into fractional silver if he can not afford an oz of silver at an LCS.

[Anonymous No.23852415]

>>23850674
>>23850905
>>23850917
Physical in-hand at spot? Always. Even if they're ugly buffaloshit. You even have some good ones in that lot, so fuck yes.

[Anonymous No.23852419]

I haven’t been here in ages. While I’m not going to ask why we have so many coin threads, I am going to ask why don’t they have generals of their own rather than cluttering the front page? We have this general. We have precious metals General. Why can’t they make their own coin generals? I miss the time we had diverse threads about business like job threads about careers and biz ideas. This board needs to diverse itself more in business. We used to have a Chinese trip here who shared books and knowledge.

Like, if I make a constant General here for jobs in specific lines of work or biz fields, would they gain traction? Like “real estate general”, “alternate commodities/collectibles general”, “medical/science careers general”, “marketing/advertisement/pr General”, etc etc. Wouldn’t that improve the board?

[PMG BAKER No.23852430]

>>23850674
>>23850905
>>23850917
Get it anon. It is ridiculously cheap even if spot drops $2 USD since it is so hard to get silver $2.50 over spot.

[Anonymous No.23852432]

>>23851736
reminder this type of software glitches do not exist. its like putting in 1+1 and getting 3. it never happens. everything a computer does is deterministic. if you transfer money from your bank account to your other bank account, it will never "glitch" and transfer to my bank account. the transaction might not complete properly, it may complete half way, it may fail all together, but it will never glitch like this.

[Anonymous No.23852448]

>>23850674
i bought 25 mint coins at 15% premium and it was totally worth it. there is nothing like owning real metal

[Anonymous No.23852468]

>>23852419
>Like, if I make a constant General here for jobs in specific lines of work or biz fields, would they gain traction?
Probably not because an overwhelming majority of the people shitting up the board with crypto threads aren't competent enough to deal with real assets

[Anonymous No.23852469]

>>23852419
>Like, if I make a constant General here for jobs in specific lines of work or biz fields, would they gain traction? Like “real estate general”, “alternate commodities/collectibles general”, “medical/science careers general”, “marketing/advertisement/pr General”, etc etc. Wouldn’t that improve the board?
Only one way to find out. Go for it

[Anonymous No.23852482]

>>23852419
>While I’m not going to ask why we have so many coin threads, I am going to ask why don’t they have generals of their own rather than cluttering the front page?
99% of altcoins are absolute garbage and need to be constantly shilled on /biz/ by telegram/discord groups to suck in buyers. More threads = illusion of community agreement that x shitcoin is a good investment. General threads for altcoins would just be the same 3 discord spammers talking to one another, so they don't bother. It's unfortunate but that's how it works.

>Like, if I make a constant General here for jobs in specific lines of work or biz fields, would they gain traction? Like “real estate general”, “alternate commodities/collectibles general”, “medical/science careers general”, “marketing/advertisement/pr General”, etc etc. Wouldn’t that improve the board?
There's a guy who makes "landlord general" threads and they're pretty good. But yes, any thread which discusses non-shitcoins would be great. I'd even accept /r9k/ style "how you holding up" threads just to have a break from the shitcoins.

[PMG BAKER No.23852485]

>>23852243
Go to an LCS and they might have some. Get britanias and philharmonics for euro stuff. Librotard for mexico. However, the rare premium stuff is the kangaroo, krugerant, and the kookaburras.
>>23848775
If you are in your 20's, that is fine if you have no family and all. However, the 30's year target should be 400 oz silver and 10 oz of gold.

[Anonymous No.23852515]

>>23852419
if you're actually an oldfag you should remember /biz/ was made to contain crypto threads

/biz/ itself is crypto general

[Anonymous No.23852520]

will we get another dip? i want more metal. im looking at the number in my bank account thinking it could just be gold and silver. i always told myself i would try to start a business but i never do i woudl reather jsut hoard metals

[Anonymous No.23852529]

>>23852419
It would massively improve the board. I've made this suggestion several times but the reality is /biz/ doesn't have enough activity and certainly doesn't have enough high quality posters. I come to /PMG/ because I know there are several high quality posters here who will keep me informed.

[Anonymous No.23852569]

>>23852063
Its safer to be a murderer then to challenge the bankers anon.

[Anonymous No.23852622]

>>23848775
Obligatory post

[Anonymous No.23852709]

>>23852014
I'm super happy that my government sold all of our gold off in 2016. My gold ring has more gold in it than the bank of canada.

[Anonymous No.23852718]

>>23852079
dilate

[Anonymous No.23852728]

>>23852370
I mean that he blows his paycheck and hasn't saved anything from what he earns.

[Anonymous No.23852861]

>>23852709
>pic related, more Gold than all of Canada's Reserves

[Anonymous No.23852876]

>>23852861
Forgot pic, but it doesn't make a difference.

[PMG BAKER No.23852889]

>>23852709
https://www.bankofcanada.ca/rates/related/international-reserves/
>When you have infinity * infinity more gold than an entire nation of the leaf.

[Anonymous No.23852915]

This mornings thread was great all the Fed talk makes me hard

[Anonymous No.23852980]

>>23852419
You’re asking the wrong question. The real question is why stock investors and PM stackers voluntarily silo themselves in generals and rarely make specific topic threads about what they’re interested in.

There’s no real good reason why there can’t be successful diverse numismatics, mining, stacking, PM ETF etc. threads, besides this preexisting convention that we all have to huddle here in /pmg/

[Anonymous No.23852995]

>>23850092
Learn to google, they’re fairly simple to understand.

>>23850303
Yeah, I think the inverse here is TBT?

>>23850458
You can’t even spell diversify. Obviously, there are degrees of diversification. This diversifies within the “inflation is coming, currency collapse inevitable” hypothesis. A larger diversification would be, say, buying tech stocks to hedge against this hypothesis, should it be wrong.

[Anonymous No.23852999]

Hi Chads. I have 47 oz of silver, not much because I've been saving for a house deposit, but I'm pretty proud of even that.

I just got denied a house mortgage application (too low wages) and need to come back in 6 months time with proof of higher earnings. That's fine.

Meanwhile I have $40k doing nothing for 6 months, term deposits aren't worth doing now.

What would you recommend I do with precious metals? Consider I really want a house more than anything so I'd sell the shit in 6 months, so the turnover process is important. Also I don't have the balls to risk the whole $40k obviously because if they tank, that's my house deposit gone basically forever.

Fuck crypto, I'm in New Zealand and it's too hard to buy here and there's too much trading fees

[Anonymous No.23853079]

>>23852999
Also I can buy 1oz of local gold for $1960 right now, and silver 1kg bars are $878

[Anonymous No.23853110]

>>23852980
Because that would be detrimental. This general is not that busy and not many anons stack. There's no point in dividing.

[Anonymous No.23853160]

>>23853110
>only post in one thread
>cryptochads dominate the rest of the board
>”whhhhyyyy why do they have lots of threads?!?!?!”

You take my point

[Anonymous No.23853216]

>>23852718
>1 post by this ID
sad!

[Anonymous No.23853218]

Whatever happened to gold being worth $5k by the end of the year?

[Anonymous No.23853228]

>>23850836
Thank you for the reply.

I have 12k total invested with 5k being in the sprott trusts

>>23852980

This general is good enough. We all coagulate here and have excellent discussion. The people bitching about it need to be quarantined. The demise of reddit was seperating into highly specific subreddits. Classification and division of discussion boards is leftist faggotry and should not be appeased.

[Anonymous No.23853229]

>>23851513
>>23851317
what happen if I buy share of skp since they don't intend to develop as miners ? Will they get bought or something and what happen to your shares ? That mean you won't ride the bullmarket to the end with skp ?

[Anonymous No.23853243]

>>23853160
But I don't care about the crypto threads? This place was a containment board to keep crypto from flooding /g/ anyway.

[Anonymous No.23853259]

>>23853218
We still have two months left in one of the most volatile years of all time.

[Anonymous No.23853285]

>>23850675
>>23850905

Beware of non-magnetic fakes that look exactly like those.

https://www.aliexpress.com/item/32993172015.html
https://www.aliexpress.com/item/1005001375065327.html

Scroll down to the similar products and you'll go down a rabbit hole of fake shit.

https://www.fakebullion.com/

https://www.youtube.com/watch?v=KH7oOH04f-8

I can't buy anything from secondhand sellers.

[Anonymous No.23853305]

>>23853259
I feel the volatility has peaked. I still want gold and waited for it to drop a bit, which it has. I was just thinking that it should be a lot higher by now, I should have already missed the bus on this.

[Anonymous No.23853320]

>>23853285
They say in the description that they have brass cores. I can't feel that much pity for people buying those.

[Anonymous No.23853330]

>>23853305
27 trillion in debt, Biden will add another 20 trillion. Surely we are at peak volatility

[Anonymous No.23853345]

>>23853285
Fucking Chinese bastards ruining everything. Might be a good idea to buy rarer bars. It would be fucking hard selling bars which have direct copies on Ali Express

[Anonymous No.23853367]

>>23853330
That's kind of what I mean. And it's only $1880 right now. I'm not really arguing with you, I'm just saying.

And if good times are coming with covid gone and all the normies and corporations happy about the president, it might start creeping down

[Anonymous No.23853369]

>>23853305
The volatility may have died down but the price will steadily climb as more stimulus is passed and the QE money trickles into the economy from the banks.

[PAN MAN No.23853378]

>>23853229
Strikepoints an explorer, their plan is to find than option out or sell properties off to larger companies. I think at the moment their target was Ascot Resources to buy out their Porter Idaho claims but I may need to double check that with my friends involved in Strikepoint.

[Anonymous No.23853402]

>>23853369
I hope so. And I guess if it goes down it won't be by much

[Anonymous No.23853422]

>>23853367
Biden wants lockdowns and mandatory masks. I hope I'm wrong. Just wait for the Pfizer trials. If it starts killing bongs, its over

[Anonymous No.23853471]

>>23853422
PMs are going up no matter what because the USD is fucked.

But if it turns out the supposed cure for the Blumpf virus doesn’t work and that Biden isn’t actually the Savior after all or worse as you say the vaccine turns out to be flawed and starts shoahing the guinea pigs then we’re in for a wall of fear and worry which means good times for us

[Anonymous No.23853480]

>>23853330
What can I say, the other stalls were taken. If you're going to judge me harshly because I really had to poop and I took your handicap stall, then you can go fuck yourself.

[Anonymous No.23853513]

>>23852980
what are we going to do? have a thread for maple leaf silvers, one for gold maples, one for ASE, one for AGE?

makes zero sense.

[Anonymous No.23853514]

>>23853471
I hope the chinkflu stays around and keeps killing blacks like Biden said.

[Anonymous No.23853530]

>>23853422
I'm of the opinion that the virus stats can be manipulated, and even if it gets much worse out there, the feeling will be it's going away.

Still, I might get some gold today, silver has too much premium as a % especially coins

[Anonymous No.23853536]

>>23853330
If hes even president. Nobody even knows who the fuck the president is going to be. How can you say "volatility already peaked"? Lmfao

[Anonymous No.23853550]

>>23853422
My friend im getting the impression you watch too much mainstream news and your mental state of distress is because of that.

[Anonymous No.23853563]

>>23853530
"Virus stats can be manipulated"

You dont say! Wow! I wonder if the whole thing is a hoax?!?!

[Anonymous No.23853566]

>>23853513
I take you guys’ point that there might not really be enough discussion to “justify” separate threads, but you can easily imagine how spontaneous precious metals discussion here might work in the absence of a general.

>threads about price spikes/falls
>threads about new releases
>threads about major mining industry news

Occasionally there *are* threads like this on /biz/ outside of /pmg/. And they don’t all immediately run to Page 10.

I understand the arguments for the General, but either way I still find it funny that people huddle in here leaving crypto posters the free run of the rest of the board... and then wonder why they feel like outsiders.

[Anonymous No.23853604]

>>23853566
I don't think more PM threads are needed but a thread specific to economics or current events and the financial effects would be nice and PMs could also be discussed within

[Anonymous No.23853639]

[Anonymous No.23853660]

https://www.youtube.com/watch?v=jBVTjToFpDY

[Anonymous No.23853699]

>>23852415
I have an even UGLIER buffalo, look at the lip on this thing.

[Anonymous No.23853701]

>>23853566
>then wonder why they feel like outsiders.
literally no one has mentioned this... no one wants to be a part of crypto fags faggotry, and the few that do, have a plethera of options.

Biz is garbage outside of PMG and SMG, even SMG is mostly hot garbage, but its at least entertaining to see pink wojacks and find the occasional ticker worth DDing

[Anonymous No.23853796]

>>23852999
You probably don't want to buy a lot more PMs if you're planning on selling in 6 months, as you probably won't make much due to premiums; gold is for holding. You could invest in a few miners (can give you some ASX recommendations if you like), as it seems pretty likely they'll be doing well over the next 6 months

[Anonymous No.23853840]

>>23853604
Maybe something like Economy General, /EG/? Add some links like schiffgold, jm bullion, investopedia, finviz, maybe some links for the housing market, etc.? That could be interesting and actually enforce some good conversation. Cryptofags need not apply.

[Anonymous No.23853879]

>>23853367
you've gotta remember what the purpose of PMs are anon, they're not a traditional investment, they're a hedge against inflation. Do value analysis just like you would with stocks, but instead of looking at company financials, look at government and social values. Is the US Government going to be suddenly become fiscally conservative? Are they going to stop borrowing money? Are they going to stop printing money? Are people pushing their governments for austerity, or are they demanding more social security, more public healthcare, more 'freebies'?
Shadowstats and the Chapwood Index show real inflation at 8-10%, and that's before the virus. Money supply has been massively boosted and it's only a matter of time before it flows down to the masses through msm bullshit. Inflation is here, we just aren't being allowed to see it: https://seekingalpha.com/article/4379397-hyperinflation-is

[Anonymous No.23853914]

>>23852419
because cryptokiddies have the attention span of ADHD zoomers

[Anonymous No.23853924]

>>23852999
If its money you cannot afford to lose, and you only have 6 months? I wouldn't invest it...

However I would seriously warn you to think long and hard about why you are buying a home, quite likely in the next 5 years home prices will tank, as you know its no longer "put 5-10k down get a house" they want huge deposits and you to be making bank to make the mortgage. personally Id rather be renting and have 40k free to invest.

If you do decide the home is for you, and want to earn some % while you wait, here are some short term, relatively safe, investments you could make though
https://www.bankrate.com/investing/best-short-term-investments/#government-bonds

[Anonymous No.23853966]

>>23853840
Yeah exactly
>inb4 it gets filled with crypto shills explaining why chainlink/xrp/shitcoin will get you through the great reset

[Anonymous No.23854006]

>>23852622
Whoever made this guide, why did you make silver reserves that high? Who wants to have that much silver?

[Anonymous No.23854130]

>>23853566
What a strange comment. Anon, any spontaneous PM-related threads on /biz/ end up filled with the same tired arguments about
>mining da asteroids
>muh shiny rocks
>b-bitcoin is a true store of value
Let's face it, cryptofags are essentially ponzi shills apart from maybe the Monero and BAT threads. Most of /smg/ is utterly economically illiterate (though I do enjoy a good pink wojak thread like everyone). /pmg/ at least has good discussions of economics, tends to share interesting research and media, and has an appropriate level of political discussion given that politics and economics are so closely related.
>people huddle here then feel like outsiders
What makes you think we care about the rest of the board? Let the fools fud and shill each other into oblivion, I'm not that interested in feeling like 'part of the group' when the group is composed of retards.

[Anonymous No.23854164]

>>23854006
its Au or AG, you can have 100 oz of gold and be a dragon, or have 10k oz of silver and be a dragon.... or any combination that adds up to ~10k AG eq oz's

Also I would gladly, on any day of the week take 10k + oz of silver.

Also lurk moar

[Anonymous No.23854201]

>>23854130
If crypto fags were smart, they would be finding a way to unify crypto with PM's, so that you can have a PM backed blockchain protected open source system that prevents people from claiming they have more gold then they actually have to back the PM backed crypto. Such a monetary vehicle would offer the best of both worlds, as well as adding a "third" aspect of being accepted everywhere, and being scalable to no, low, and high tech areas.

[Anonymous No.23854211]

>>23853879
>Is the US Government going to be suddenly become fiscally conservative?

No
>Are they going to stop borrowing money?

No

>Are they going to stop printing money?
No

>Are people pushing their governments for austerity, or are they demanding more social security, more public healthcare, more 'freebies'?

Gibs!

Basically, start stacking if aren't already. Small bits at a time, buy on every dip. As of right now, anything under $30 an ounce silver and $1900 is a good range for gold. Every time institutions do a paper dump (basically wall street shorting miners and PM related ETFs, which is quite often as JPM was recently busted using these methods to suppress the value of metals) is a good time to go to your LCS or monument metals/JM Bullion.

And if Biden goes through with his lockdowns (I'm still hoping against all hope Trump pulls off the impossible), everything is going to tank again. At that point, YOLO at least a paycheck or two into it.

[Anonymous No.23854215]

>>23852622
>tfw there are entire nations at No Stack tier.

[Anonymous No.23854278]

>>23853563
As obvious as it seems, we're in the top 1% of skeptics to even think corona virus isn't a major disaster that out benevolent leaders are saving us from

[Anonymous No.23854299]

>>23854130
Spot on. I'll admit to using crypto as a vehicle for getting more PM (it's how I started this year) and see it for what it is. I still play the stock market to an extent, but even that is basically a means to my metallic end when it's all said and done.

[Anonymous No.23854302]

>>23853566
Im fine with the scum being contained in their "general" we can have our excellent discussion here. Ease of access ruins things. People things. Much better if we keep our small corner.

[Anonymous No.23854305]

>>23853924
Thanks a lot senpai, it's appreciated because this is semi-important to my future. Locally houses are sky rocketing (in New Zealand) and it's a FOMO situation. It's a choice of paying $200 in mortgage or $400 in rent per week for the same property. That's why.

[Anonymous No.23854326]

>>23853796
Thanks man, I'll probably just get 1 or 2 oz's of gold, I also need to hide a little money to get a small government grant, I have to have under about $55k in assets and they don't consider PM's an asset lmao

[Anonymous No.23854329]

>>23853796
What type of investments would you recommend for somebody who wants to keep some liquid in case its needed in the next two years. I have 200m. Im fine with putting 150k in gold and then having 50k be liquid. Where should I put that 50k?

[Anonymous No.23854372]

>>23854329
Also can we get a "tax man" general or something? Im going to be pulling 200k out of stocks and putting it in gold and I dont want to get raped on taxes. Im cool with starting a "personal business" or something. Maybe i could open a "gold business" lol. Oh too bad I couldnt sell anything! Now im stuck with all this gold bullion!

[Anonymous No.23854402]

>>23854329
Bullion is taxed in your country?

[Anonymous No.23854413]

>>23854201
I'd unironically love to create something like this. Would need a lot of capital to get started, and you'd probably get murdered just like Gaddafi, but it's a fantastic idea.

Hell, even in Australia where superannuation is mandatory (like a government mandated 401k, your employer is forced to reduce your pay by 9% and invest it in a superannuation trust fund of some sort, basically a big ponzi) there are virtually no super funds that allow you to invest in gold. The only way you can do it is to do a self-managed trust fund and take it up the arse in fees for audits. I'd love to set up a super fund that just invests in PMs and miners just because it's completely absent from market offerings.

[Anonymous No.23854452]

>>23854413
the scheme is pretty good though, with an ageing population

[Anonymous No.23854468]

[Anonymous No.23854473]

>>23848487
>https://www.youtube.com/watch?v=qzDjJ-SrojY
tether fud? is it 2017 again?

[Anonymous No.23854527]

I have 800 oz silver and 5 oz gold. Should I buy this or get more silver?

[Anonymous No.23854566]

>>23854329
Dunno what country you're in mate, I only really know tax stuff for Australia. If you want to invest but keep things liquid then I'd look at some bigger miners or maybe some gold or silver ETFs. If you do go down the ETF route, make sure they have allocated gold, not unallocated gold. Allocated means it physically exists somewhere in a safe with your name on the box, unallocated is a claim on future gold production, meaning it doesn't yet exist.

[Anonymous No.23854666]

>>23849958
i see that switch goes all the way around, very nice

[Anonymous No.23854976]

>>23854527
Get the Au for lowest premium in your pic

[Anonymous No.23855415]

>>23854452
there are populations that dont age?

FYI having a pyramid scheme that constantly needs a larger base to support the people at the top, is a PYRAMID SCHEME.

Its time to stop selling our childrens futures for this kind of shit.

[Anonymous No.23855426]

>>23853566
So far I've been banned from /pmg/ for discussing mining, numismatics, and real estate.

people here aren't friendly to any of those topics if you disagree with them. So there's already separate threads and other boards that work much better for all those topics. There's just not a lot of interest in any of them.

[Anonymous No.23855660]

i really do enjoy laughing at all you pathetic silver stackers. i own a metals recycling company and i’ve been in the mining business for 30 years now. you people are the most pathetic i have seen in a long time. none of you will ever be as successful as me no matter how much worthless silver you have.

[Anonymous No.23855688]

Whats the best way for an american to get canadian proof-like sets? LCS or online?

[Anonymous No.23855737]

>>23851006
Upsides and downsides to both, as stated by the others in this thread. Imo I like the increased fluidity of silver. For the price of 1 oz of gold I could’ve had 70-80 oz of silver. If I’m desperate and need a little cash, I could go and sell a few coins or bars to my LCS, wheras I’d only be able to sell off my single coin of gold. I like having both though, and historically they tend to track eachother in the long run.

[Anonymous No.23855754]

>>23855688
Checked.
I've heard Ebay usually has good deals on these sorts of things from time to time.

[Anonymous No.23855785]

>>23855688
if you are next to the border you can occasionally find them at LCS (I found these two) but usually I have to order them online.

[Anonymous No.23855843]

Aus lurker here, very appreciative of the constant discussion and links, opinions etc. Have been trading paper for a few months now, more focus on learning than trading, can't secure physical safely atm. Have been reading and listening to various pmg sources like Kitco, Palisade/Schectman and guests, little bit of Craig and Schiff, more recently Steve Van M etc.

Have recently been head scratching as to why the Reserve Bank of Australia would let 25% of the national reserve bullion disappear from 80t to 60t, and am looking for opinions.
"Gold is valued at the 3 pm price fix in the London gold market on the last business day of the month." (Oct = US$1881.85)
Reserve Bank of Australia Oct gold asset statedly US$3,798mil (US$3,798,000,000, stated in RBA official reserves data Nov 6th).

$3,798,000,000/$1881.85oz = 2,018,226.74oz (~63ton)

"since 2015 any gold that has been lent by the RBA is excluded from the RBA's physical gold holdings. Similarly, any gold that the RBA has borrowed is excluded from the RBA's physical gold holdings in the official reserves data"
Their Gold reserve figures exclude lent or borrowed. I originally thought maybe it was to do with record production and export levels this year out of Australia, a borrowed gold band-aid solution to lend/cover export product quotas and replace it afterwards. Seems like that isn't the case, as far as I can see.

"Almost the entirety of the RBA's physical gold holdings (99.9 per cent) is stored in the United Kingdom at the Bank of England (BoE). A very small amount of gold is stored at the Reserve Bank's head office in Sydney."
There's also been talk of bullion serial numbers/identifiers not matching actual delivered product, for silver at least. Australia in 2011 had pressure for a gold audit after missing 11t, resulting in a govt guy saying 'it's all good, just trust us'.

https://www.rba.gov.au/qa/gold-holding.html

Any ideas?

>>23852709
From memory, your ring is more than Canada/New Zealand combined

[Anonymous No.23855852]

>>23855843
>From memory, your ring is more than Canada/New Zealand combined
More than Norway too.

[Anonymous No.23855854]

>>23855843
Pic related

[Anonymous No.23855864]

>>23852415
>>23852430
alright cool, thanks guys i'll look into getting them asap and chuck em in the safe

[Anonymous No.23855921]

>>23855843

Australia sold most of its gold reserves (in other words, most of its real wealth) in 1997 for what many people speculate was the purpose of suppressing the price of gold. 167 tonnes of gold at only $400 an ounce.

https://wentworthreport.com/2017/07/29/australias-gold-demise-bar-none-well-four/

Our chancellor, Gordon Brown, was doing the same kind of thing at the time. He sold half of Britain's gold reserves at the bottom of the market at only $200. It's called Brown's Bottom. People speculate that he did it as a favour to the banks to suppress the price of gold. His "rich bastard" multi-millionaire friend Gavyn Davies, who regularly had dinner in his flat above Downing Street, was a Goldman Sachs partner.

https://www.theguardian.com/theguardian/1999/mar/18/features11.g23

[Anonymous No.23855943]

>>23855921
It was pressure from the US. The US hasn't been able to dump any more gold since the 70s, as all it has left is the ~8t of gold it confiscated from the Fed in 1933. That gold is legally the property of the Fed and they have the gold certificates for it.

When the US needs the price of gold suppressed, it asks allied countries to dump gold as a favour. Australia, Canada, Britain, whoever. Russia and China eat this sort of thing up - China ships us plastic, and we ship them gold.

[Anonymous No.23856033]

>>23855660
Good shitpost my dude, have a new Schiff, fresh off the photoshop press

[Anonymous No.23856058]

>>23855943

Thank you, this makes sense. I was trying to find some articles which showed the history of U. S. pressure, put on Germany, to stop them from accumulating gold reserves, which mostly stopped after the 60s and 70s. Was not able to find them, but, as I recall, Germany was menacingly threatened into buying U. S. treasuries instead.

[Anonymous No.23856066]

>>23856033
Checked and Saved.

[Anonymous No.23856092]

>>23855921
>>23855943
So basically, it's because of trickery amd suppression. I don't believe big money will be chasing trends if gold wants to move into a second phase of the bull run, ala Maloneys recent 70s to now correlation chart comparison. I'd also heard something about Central banks buying more physical bullion in 2019 than the previous 16years combined, although I havent looked at data for that. Safe to say banks are playing harder via derivatives rather than physical?

[Anonymous No.23856111]

>>23855415
The shit will hit the fan either way, this delays it, perhaps by centuries

[Anonymous No.23856114]

>>23855854
hey fellow ausbro, I'll hit you up with a few good mineral trading twitter accounts if you like. There was an interesting conversation on maybe DFA a few weeks ago about where our gold reserves really are and whether they were being physically held at the BoE or loaned out, and the RBA wouldn't say either way.

From what I recall, we sold our gold under Costello partly because we produce a lot and it would be (supposedly) easy to recoup if needed, and also to help suppress gold prices and make it easier for governments to print.
>>23852014
is a good read on the topic of euro banks buying a lot of gold recently

[Anonymous No.23856127]

>>23855854
I hate to be a broken record, but really, who else would it be?

[Anonymous No.23856149]

>>23856092
the actual reason which /pmg/ won't admit is that physical gold is increasingly seen as anachronistic because it's expensive to store, audit, and transport. It's also slow, so it suffers from arbitrage in the time it takes to move it.

investors and nations are increasingly buying paper gold in order to contract out those expenses and increase liquidity. Also gold has had value as money for thousands of years and suddenly it no longer does. So after a few generations pass it's entirely possible that it will go the way of pogs and tulips. Not likely, but possible.

[Anonymous No.23856151]

>>23854413
Superannuation is such a scam.

I'm hoping I can withdraw all of mine out for this half of the year at the end of December. Should be a few grand at least I can pump straight into PM'S. I will have to figure out the exact cutoff time before I get jewed

[Anonymous No.23856174]

>>23856114
Sure thing, I'll have a squizz, cheers

>>23856127
Was just curious if there was any more clarity or info beyond the obvious

[Anonymous No.23856220]

>>23856149
>Also gold has had value as money for thousands of years and suddenly it no longer does.

The fuck are you talking about? Just because central governments don't issue it as a currency doesn't mean it isn't valuable. Just look at a chart lmao

[Anonymous No.23856308]

>>23852999
put like 2 grand into shrooms stocks
Just keep the rest in a savings account. You wont make hardly anything but it will be safe, and then you can have fun watching shroomies go up and down.

Maybe start buying like2 oz of silver a week? tha adds up to over 100oz a year

[Anonymous No.23856310]

>>23856220
the words "as money" modify the word "value," indicating what type of value it had and no longer has.

english is difficult for australians, I know.

[Anonymous No.23856327]

>>23856308
>shrooms stocks
damn man, this wasn't even on my radar, looks interesting

[Anonymous No.23856400]

>>23856327
Most of the (legal) mushrooms on the West Coast are produced in one town in California. When California legalizes shrooms, all of the established commercial will likely get into the market and outcompete all of the little guys. Invest in Agribusiness companies that already run mushroom farms in States likely to legalize shrooms in the coming years; once the big guys get in, the startups will die off.

[Anonymous No.23856443]

>>23856400
Is that basically the same thing that happened with weed in Cali?

[Anonymous No.23856459]

>>23850675
I'll sell when I'm old if/when I need to and if prices are good. otherwise handing it down

[Anonymous No.23856496]

>>23856149

Our modern banking system can already handle any transaction, however small or large, and is infinitely more efficient than BTC (which is what I presume you are a shill for). All China or Russia or any other nation has to do is to back its currency with gold--China and Russia already have the capacity to do so--and then that is it, gold is right there as a perfectly efficient digital medium of exchange. As opposed to requiring $100 fees and 3-day transaction times when even 0.1% of the world population tries to use it as a currency.

Again, look into things like Andrew Maguire's Kinesis, or GoldMoney, or other services which use the principle of allocation. We already have the capacity to make a gold-backed crypto, and pay for a cup of coffee with gold.

Gold will always be money because of its properties. First, because it has intrinsic value, as being the most incorruptible and malleable of all metals, and highly valued for industry and ornament; whereas BTC has no intrinsic value at all. Secondly, because of its monetary properties, which give true economic and personal liberty. First, it restrains fiscal recklessness in governments. Secondly, it stores your labour in something really valuable. Thirdly, you can trade gold in person and not be tracked, whereas BTC leaves a permanent mark of your activity on the ledger--then they get you when you cash out. Nor can BTC ever be a currency without second-layer solutions which track and trace everything you do. Again, if you hold gold in a vault, you are not at risk of losing your life savings to dementia/memory loss/a thoughtless mistake/a hardware malfunction/burglary/a fire/getting tortured for your keys.

Vault fees are nothing as against the waste of BTC, which even now requires the energy consumption of the entire country of Switzerland to maintain.

In sum, gold is supremely valuable both for its intrinsic properties and its monetary ones, which make it superior as money to anything else on earth.

[Anonymous No.23856534]

>>23856149
>investors and nations are increasingly buying paper gold
just because all these idiots are doing this. does not mean its not an absolute fallacy, a farce and a fraud.

but it is a good example of how literally anything, whether made physically real even just an imagined hypothetical. on physical token, can be agreed upon to hold, represent or act as a substitute for some value as in a unit of some type of currency

hell we could be using bottle caps

[Anonymous No.23856535]

>>23856496
>more efficient than BTC (which is what I presume you are a shill for)
holy shit you're retarded

I'm not a shill for anything, I explained why nations, banks, and individuals are moving away from physical and into paper. I have no personal opinion on the subject, I just stated facts.

[Anonymous No.23856562]

>>23856496
this dogmatism, while not entirely wrong, is why you will always miss out on the next big thing. of course gold is money (and always will be), but bitcoin is even more pure from a monetary perspective than anything previously known to man, not to speak of the financial products that will be facilitated by DLT in general

[Anonymous No.23856600]

>>23856534
>hell we could be using bottle caps
or something even less tangible like streams of 0's and 1's shot into space and bounced off satellites.

[Anonymous No.23856627]

>>23856443
Yes.
There are already thousands of acres of indoor mushroom farms not 10 miles from a major population center.
If California legalizes shrooms, whatever startups are out in other States will be toast. Once a referendum makes it on the ballot in CA, buy the stocks of whatever companies run the existing farms.

[Anonymous No.23856670]

>>23856627
they'll probably have the same problem weed producers have though. Their product is cheaper to make than corn and their stock is valued by growth.
Meaning they have to dump increasing amounts of cash into expanding while at the same time the value of the product they make is plummeting.

[Anonymous No.23856673]

>>23856627
Good to know. Most people aware of this will be stoned losers with no money or foresight, so it's probably not overpriced haha

[Anonymous No.23856689]

>>23856496
Doesn’t a gold standard inhibit explosive GDP growth of a nation? Wouldn’t returning to a gold standard retard the very economic growth that developed and developing countries need? Reason I’m asking is that I’ve read rumors, and I’m unsure if they’re true, that both libertarianism and the Austrian school are constructs of freemasonry, designed to capture the attention of political and economic contrarians and divert them away from thinking about tangible ways to create sustained strong growth in the economy, which would strengthen the middle classes.

[Anonymous No.23856749]

>>23856689

The idea that GDP growth = good is an economic lie, based upon the theory of Keynesianism, which says that spending and "animal spirits" are what make for a healthy economy. GDP is simply an indication of spending. But spending isn't what makes us wealthy, production is. Irwin Schiff gives an excellent explanation of this principle in this video. >>23848454 All getting rid of gold has done is to cause us to go deeper and deeper into debt, debase our currencies, and increase taxes. These things, in turn, destroy the middle class, and strip us of our manufacturing jobs.

>libertarianism and the Austrian school are constructs of freemasonry

Libertarianism is simply the classical liberalism of thinkers like J. S. Mill and John Locke republished, and Austrian Economics essentially says nothing different from what liberal economists like Bright and Cobden were saying in the 19th century.

>>23856535

I briefly glanced a previous comment of yours where you called /biz/ "crypto general" and must have misunderstood it. If I called you a shill by accident then I apologize. When people attack gold I become extremely passionate in its defence. If you don't support BTC then my post still stands as to the intrinsic properties of gold, and why it will always serve as money. I was mainly answering your statement that "it's entirely possible that gold will go the way of pogs and tulips" and that "gold is increasingly seen as anachronistic because it's expensive to store, audit, transport," etc., which are arguments which I mainly hear from crypto people. There is no credible alternative to gold as money, so any expenses which it incurs are justifiable. Rehypothecated paper gold is simply a way for the bankers to play games.

[Anonymous No.23856761]

>>23856689
stackers aren't concerned with sustainable growth or the economy, they're betting against both. Do that long enough and any catastrophe that harms the middle classes is suddenly a reason to party. As they get older they tend to shift into accepting the fiat system as a means to collect more gold. In time they abandon gold entirely and go all in on fiat. It's really just a function of age. Young people expect things to change radically and expect to benefit from that change. Really dumb older people sometimes do too. Because the current system isn't benefitting them.

[Anonymous No.23856785]

>>23856689
stackers aren't concerned with sustainable growth or the economy, they're betting against both. Do that long enough and any catastrophe that harms the middle classes is suddenly a reason to party. As they get older they tend to shift into accepting the fiat system as a means to collect more gold. In time they abandon gold entirely and go all in on fiat. It's really just a function of age. Young people expect things to change radically and expect to benefit from that change. Really dumb older people sometimes do too. Because the current system isn't benefitting them.

>>23856749
>When people attack gold
I didn't attack gold. I explained why other people reject it. I didn't read your post. You're emotionally invested in your opinions. Not a great way to make money but hey, maybe you'll get lucky.

[Anonymous No.23856864]

>>23851736
I would seriously hesitate spreading this around before you truly understand the y-axis. I fear this poisons the well

[Anonymous No.23856899]

>>23856749
Would you say, though, that a gold standard is in any way a hindrance to economic growth? And isn’t sustained economic growth at a pace much higher than we’ve ever seen the only cure to reducing poverty and restoring the middle class? I don’t mean tech stock valuations, I mean GDP. JFK proposed both greenbacks and large government-funded infrastructure projects like NAWAPA that would facilitate private sector growth. Would a gold standard inhibit things like this?

[Anonymous No.23856926]

>>23856864
It won't matter, about 70% of american voters expected exactly this result because it was explained and predicted before the election even happened. Which would be a perfect cover for fraud, except Trump played right into the narrative by encouraging republicans to vote in person, casting doubt on mailed ballots, and sabotaging the mail service immediately prior to the election.

meaning if there was fraud either Trump knew it was going to happen and did nothing to stop it or he actually provided the cover story to hide it. More likely there was no fraud and Trump caused the conditions the graph shows.
And americans mostly understand that.

[Anonymous No.23856931]

>>23852319
I constantly try to get a friend of mine to /fit/ because he's a naturally good looking guy, newly single after 5+ years of letting himself go.
He agrees, he knows he really needs to get into shape, he talks to me about lifting, using bits and pieces of broscience he's heard over the years, but has never tried and is never any closer to starting.

People know what they should be doing, and for some, just considering doing what they ought to do is reward enough, or makes them feel semi-prepared.
Your friend possibly thinks he's ahead of the game already, just by being aware of silver and thinks he'll finally buy in right before shit hits the fan.
Of course that will never happen, he won't save his money toward this goal.

Even if you get him super amped about it, enough to make his first purchase, ideally that'd set him on a good path and he'd happily start stacking a bit every month.
But there's always the chance that:
>Those first few coins feel like enough for him, and he continues on as normal
>He gets retarded and boasts to others about how the two of you are silver kings, basically doxxing your stack
>He goes full retard and spends all his money on silver, not keeping enough for basic expenses

Honestly, I'm saying this as much for myself; either gift him something that will give him no excuse (some old dumbells / 10oz bar) or just try to let it go.

[Anonymous No.23856947]

>>23856899
there's not enough physical gold in circulation to allow growth. I mean gold mining would have to outpace population growth first (it doesn't) and then outpace commercial growth next. It's not possible.

so the gold standard advocate proposes increasing the value of the gold to adjust for growth. This is just another form of fiat, not a gold standard at all.

[Anonymous No.23856978]

>>23856926
>Trump caused the conditions the graph showed
The graph itself caused the conditions the graph showed. X axis displays how Republican a precinct was. The y axis is defined here as % individual ballot minus the x axis. As x gets bigger, Y always gets smaller because he is plotting a different variable MINUS the x axis. You can subtract the x axis from the y variable and not expect the y value to decrease as you move along the x axis. I think there was fraud in this election but this graph that is spreading around only serves to make republicans look bad

[Anonymous No.23856988]

>>23856114
The more I think about it, the more I seem to remember something about the profit from interest rates on gold lending were nothing to what they used to be. Something about, Australia used to make 25mil on interest payments, and now only make like 1.5mil? Also, was it an Astrolib article that mentioned earlier in the year banks weren't interested in lending gold to other banks any more, in the current situation? Maybe that was due to the to the Comex squeeze hype earlier in the year. And related to the huge buys of bullion recently compared to the previous 16 years combined. I'm too tired to recall. Given the overall life cycles of exploration, to start up, to production until depleted, and Australia may drop down the list of worldwide gold producers if we don't get new mines up and running soon; if Costello thought we could supposedly recoup easily, would that now be in a context similar to how China recently went direct to silver refineries, circumventing traditional market operations of purchase?

It fkn annoys me to look at the RBA assets sheet, the total value of gold holdings fluctuates little month to month, but given the change in prices this year we've offloaded so much. And due to anonymity in this process there's no way to find find out why. Seems shady as shit. Overall a few billion dollars is little in the grand scheme of national economics, but surely we'd be increasing our reserves rather than offloading it

[Anonymous No.23857045]

>>23856978
You're assuming fraud to begin with by treating x as constant I think.

he's saying x changes as y changes, again assuming fraud but at least not plotting it so obviously.

neither interpretation is necessarily true. The alternative to both is the official narrative- republicans voted in person on election day and democrats voted by mail 3 days later.

[Anonymous No.23857059]

>>23856899

The answer to this question lies in whether you believe in Keynesianism or Austrianism. Do you believe that deficits and high spending, resulting from unbacked paper money, lead to growth, as the Keynesians do; or do you believe that saving and production, resulting from the discipline of gold, lead to growth, as the Austrians do. I will say that the prosperous history of the 19th century, as against the disastrous economic destruction caused by Kenyesian policies in the 20th and 21st ones, demonstrate which theory is true. Gold is a healthy check on politicians against meddling with interest-rates, doing Q. E., creating asset-bubbles, running enormous deficits, having unbalanced budgets, running the middle class with inflation, and debasing the currency.

Irwin Schiff makes the point that, when you're already wealthy, you don't need to spend or work as much; you relax more, and take time off work. That would naturally cause GDP to go down, not up; yet according to the Keynesian theory, GDP being high = prosperity. But it isn't prosperity, simply an indication of spending, which may simply mean going deeper and deeper into debt.

I don't think that public works are a good in and of themselves, that they "stimulate the economy" in any way (that's based on the Keynesian theory that spending = good); although I do support them when they actually serve a clearly useful purpose.

>>23856947

>there's not enough physical gold in circulation to allow growth

This is a Keynesian falsehood. Our greatest period of economic growth took place under a gold standard. This is because gold leads to saving, production, low taxes, and balanced budgets, which are the real causes of economic growth.

>so the gold standard advocate proposes increasing the value of the gold to adjust for growth. This is just another form of fiat, not a gold standard at all.

This is not the case. Advocates for gold simply wish the price of gold to be determined by price-discovery.

[Anonymous No.23857072]

>>23856899

The answer to this question lies in whether you believe in Keynesianism or Austrianism. Do you believe that deficits and high spending, resulting from unbacked paper money, lead to growth, as the Keynesians do; or do you believe that saving and production, resulting from the discipline of gold, lead to growth, as the Austrians do. I will say that the prosperous history of the 19th century, as against the disastrous economic destruction caused by Kenyesian policies in the 20th and 21st ones, demonstrate which theory is true. Gold is a healthy check on politicians against meddling with interest-rates, doing Q. E., creating asset-bubbles, running enormous deficits, having unbalanced budgets, destroying the middle class, and debasing the currency.

Irwin Schiff makes the point that, when you're already wealthy, you don't need to spend or work as much; you relax more, and take time off work. That would naturally cause GDP to go down, not up; yet according to the Keynesian theory, GDP being high = prosperity. But it isn't prosperity, simply an indication of spending, which may simply mean going deeper and deeper into debt.

I don't think that public works are a good in and of themselves, that they "stimulate the economy" in any way (that's based on the Keynesian theory that spending = good); although I do support them when they actually serve a clearly useful purpose.

>>23856947

>there's not enough physical gold in circulation to allow growth

This is a Keynesian falsehood. Our greatest period of economic growth took place under a gold standard. This is because gold leads to saving, production, low taxes, and balanced budgets, which are the real causes of economic growth.

>so the gold standard advocate proposes increasing the value of the gold to adjust for growth. This is just another form of fiat, not a gold standard at all.

This is not the case. Advocates for gold simply wish the price of gold to be determined by price-discovery.

[Anonymous No.23857097]

>>23857059
>Our greatest period of economic growth took place under a gold standard.
I assume you mean by percent rather than volume. If we could go back to the 1700's in both population and commerce you'd have a solid argument though.
>Advocates for gold simply wish the price of gold to be determined by price-discovery.
as it currently is.

the only difference is you'd force people to carry gold by the molecule so they could buy bread by the loaf. Because there's not enough gold to actually trade. Maybe you could make paper notes that are worth a molecule of gold so you wouldn't have to mess with making and trading microscopic quantities. Of course the number of molecules needed to buy a loaf of bread would constantly change, so your paper notes would be always losing value.

What you actually want is fiat to nominally be backed by gold so you'll suddenly go from being relatively broke to enormously wealthy by doing nothing. We all do anon, but that's not a reason for anyone else to buy into it.

[Anonymous No.23857129]

>>23856689
Doesn’t a gold standard inhibit explosive GDP growth of a nation?
It may seem to do that when the alternative is the restraint that gold provides. Of course, if governments can create and borrow billions of 'dollars' of fiat out of thin air and use that to 'stimulate' the economy, there is going to be more dollars in the economy and thus greater GDP. But this leads to looser lending practices and malinvestments, and history has demonstrated many times that a fiat boom inevitably leads to bubbles and then to busts. Returning to a gold standard would mean stability and an economy based on meritocracy (so to speak), rather than politicians creating bubbles 'for the public good'

[Anonymous No.23857142]

I know paper is generally frowned apon here, and the game is rigged, but I've made a few juicy trades on meme lines and sentiment trading, Bollinger and 'technical analysis'. Am in Asia timezone but was focused on London and New York markets, economic calandar etc. Note to self there's ECB/BoE/Fed schedules coming up. I'm back to wage slaving 6 days a week atm, but even on last Friday through Monday, noticed sentiment positions and warned of a rug pull due to the stacked short positions (which they rode down and up for free money whilst I had to sleep). Didn't know or see the effects of the vaccine news release until after the fact, but there's been a few times where it looked like big money was already in position.

Anyone have some tips on paper market trading, specifically for Gold?

[Anonymous No.23857172]

>>23857097

>the only difference is you'd force people to carry gold by the molecule so they could buy bread by the loaf.

Explained in this post that the digital age makes gold an even better currency than before. >>23856496 Simply back paper currencies with gold, or use a gold-backed crypto, and it is a superior form of either fiat or crypto, because it does everything which they do as well as having intrinsic value. In the digital age, you can cut gold up into the smallest possible fractions and use it to make instantaneous payments to anywhere in the world.

>What you actually want is fiat to nominally be backed by gold so you'll suddenly go from being relatively broke to enormously wealthy by doing nothing. We all do anon, but that's not a reason for anyone else to buy into it.

Fiat will go back to being backed by gold out of necessity. Once the dollar dies, nobody will take unbacked paper currency in exchange for goods any more. They will require something with the necessary intrinsic and monetary properties to reward their labour, i. e. gold. Otherwise, they would be giving away their labour for nothing. It is because China and Russia understand this that they are hoarding gold. They know that people will want gold. The unbacked dollar only enjoys its temporarily privileged status because of some unique historical circumstances which will not repeat themselves.

[Anonymous No.23857173]

>>23857142
And warned some friends, who scored free money

[Anonymous No.23857194]

>>23856988
There may be a good article or two on it on Catallaxy Files, I'll do some reading and see what I can find. In terms of circumventing traditional operations of purchase, remember that the Perth Mint is owned by the WA government.

That said, if the price of gold increases there are a massive amount of gold explorers in Aus (WA in particular but also in SA, VIC, NSW) sitting on excellent ground that would open up to new mines. We wouldn't be left behind in a gold boom.

[Anonymous No.23857215]

>>23857172
Doesn’t the intent of use of the fiat currency matter in discussions like this? If fiat is used by the government to fund productive, society-improving initiatives like infrastructure, scientific research, and technology, and then the fruits of those investments are distributed amongst the commons (as opposed to bankers, oligarchs, and foreign interests), wouldn’t that restore the middle class and reduce poverty better than returning to a gold standard?

[Anonymous No.23857227]

>>23857097
>the only difference is you'd force people to carry gold by the molecule so they could buy bread by the loaf
Anon, you do realise that this was the purpose of silver for millennia?

[Anonymous No.23857228]

Are we going to dip more any time soon or should I buy now? Pls advise.

[Anonymous No.23857240]

>>23856114
>>23857194
Ah, good point, I'd overlooked that. I guess a part of me just doesn't understand why we don't rip in and get it out now rather than wait. Also, I'm all ears if you still want to drop those twitter links

[Anonymous No.23857267]

>>23857215

Austrians would disagree that it is preferable for governments to fund scientific research. They would say that the private sector has demonstrably done a better job of advancing science than governments, which forcibly seize and mis-allocate our money. Funding infrastructure I simply see as a necessary evil, like having an army, not as something to be indulged in for the sake of it. It ought to serve a good and useful purpose; if taxpayers' money is confiscated to build infrastructure which is not really needed or desirable, then it is simply a waste.

The middle class can only get wealthy if the government gets out of the way and leaves it to its own devices--if it stops taxing and regulating it and simply lets it work and build wealth. That is what history has borne out. Nothing has been more effective in building a middle class or bringing people out of poverty than capitalism. The more capitalism we have, the better. It is only the little remnants of capitalism which we have left which are keeping the world going.

[Anonymous No.23857316]

>>23857267
Fascinating. Would you say then that you reject the American School of economics, championed by John Adams, Henry Clay, and Alexander Hamilton?

[Anonymous No.23857326]

>>23856749
GDP =/= growth
GDP = Consooming
Excess production and export is the only true growth

[Anonymous No.23857338]

>>23857215
The same argument is often made about war, that war fosters scientific, technological and social advancement and is thus economically good. Ultimately this is a flawed utilitarian line of thinking, because it excludes both morality and what is unseen. War leads to great advances in technology, but that is only what is seen. What is unseen is the billions of dollars not invested by people in what they actually wanted, which may have been faster cars, cheaper clothing or colder fridges. You may argue that a colder fridge isn't as great an advance as the atomic bomb, but that's beside the point; the billions of dollars invested in producing the atomic bomb is billions of dollars not improving people's lives in the way they actually desired.

What is also unseen in war is the millions of lives lost, and I firmly believe that no advancement of technology justifies killing another human being. As soon as you believe that it does, you justify a slippery slope that can easily lead to things like justifying the Commies murdering millions of Ukrainians for the benefit of increasing average wealth; the greater good is supposedly served, but it is immoral.
Government programs suffer the same problem of sinking billions of dollars into what they think people want (and often not even that, often into projects of vested interest groups and lobbyists) rather than what people would really choose to spend their own money on and the developments that would be made in that area. Tesla and SpaceX provide interesting products and services, but does that mean I should be forced to support them rather than paying for their products out of my own free will? Should I be able to force you to fund the radio station I work for, or should I provide a service you want to listen to?

[Anonymous No.23857420]

>>23857240
@TasProspecting, @iron_northwest, @nicholas_read are good, but the best by far is @GlenGoulds who provides excellent maps. Keep in mind most of the companies you'll see recommended are explorers and have pretty low liquidity, so be careful.

[Anonymous No.23857438]

>>23857267
The private sector didn't take us to the moon though.

[Anonymous No.23857480]

>>23857316

Yes, Austrians are very much against the ideas of Hamilton and the National System. They would see the ideas of Hamilton (which Jefferson was firmly against) as antithetical to their beliefs. You can read more about this here:

https://www.lewrockwell.com/2008/10/thomas-dilorenzo/hamiltons-curse/

"The great debate between Hamilton and Jefferson over the purpose of government, which animates American politics to this day, was very much about economic policy. Hamilton was a compulsive statist who wanted to bring the corrupt British mercantilist system — the very system the American Revolution was fought to escape from — to America. He fought fiercely for his program of corporate welfare, protectionist tariffs, public debt, pervasive taxation, and a central bank run by politicians and their appointees out of the nation’s capital.

Jefferson and his followers opposed him every step of the way because they understood that Hamilton’s agenda was totally destructive of liberty. And unlike Hamilton, they took Adam Smith’s warnings against economic interventionism seriously."

https://www.lewrockwell.com/2017/11/brion-mcclanahan/hamilton-liar/

https://www.lewrockwell.com/2017/09/brion-mcclanahan/hamilton-nationalism/

[Anonymous No.23857557]

>>23857438
because travelling to the moon was largely irrelevant to people's desires. and thus the cost of supplying a service to allow a very small group of people to travel to the moon was not justifiable given the demand, and no company was willing to make such a bad investment. Even today the cost is clearly considered a bad investment, otherwise plenty of companies would offer moon flights. The only reason the US government wanted to go to the moon was because of a dick-waving contest with the USSR.

[Anonymous No.23857671]

>>23856947
Two excellent videos by Dominic Frisby on Gold and Fiat that pertain well to this discussion. Gold is not fiat unless all gold mines are centrally controlled, and growth of the money supply in no way correlates to actual growth in real wealth.
Fiat: https://www.youtube.com/watch?v=hx16a72j__8
Gold: https://www.youtube.com/watch?v=RvL_Dm2d99A

[Anonymous No.23857725]

>>23857045
He's subtracting the value of the x axis from the y axis variable, it will always produce a negative slope. My assuming fraud has nothing to do with the graph and his graph has nothing to do with proving fraud

[Anonymous No.23857836]

>>23857557
Sure but a lot of scientific progress was forced through and a number of useful technologies were developed along the way which might not have happened if we had to wait for it to be profitable to some company. Where do we end up if we just allow money and resources to go towards the desires of the masses all the time?

[Anonymous No.23857854]

>>23857420
Beauty, cheers M8

>>23857142
>Seeking any bigbrain info or tips

[Anonymous No.23857885]

>>23857480
I will read all of those, anon. Thank you for the enlightening discussion.

[Anonymous No.23857962]

>>23857836
see my previous post mate>>23857338
the same deal applies
>Where do we end up if we just allow money and resources to go towards the desires of the masses all the time?
Stop anon, you and I are 'one of the masses'. What are some things you desire? You miss out on those things when government forcibly takes your money to invest in the things they believe are more important, or the things they think you want, as opposed to what you actually want. What happens when it is supposedly 'in the public interest' to kill everyone over the age of 60, including your parents and any loved ones of course, so we don't have to pay social security? We can put the resources to better use creating useful technologies right, so it's fine surely?

Don't be satisfied with
>w-well I guess they developed some useful stuff along the way
because they don't care about you. Going to the moon had nothing to do with helping you and I and everything to do with the ego of wealthy elitists. pic related

[Anonymous No.23858001]

A lot of words here. Silver go up or down this week?

[Anonymous No.23858016]

>>23857885

You're welcome, thank you to you also. And thanks also for tTWje98b for his very interesting posts. >>23857557 >>23857338

[Anonymous No.23858023]

>>23858001
I'm thinking up when the markets process the fact Trump isn't conceding and wants an audit

[Anonymous No.23858027]

>>23857885

You're welcome, thank you to you also. And thanks also to tTWje98b for his very interesting posts, especially >>23857557 and >>23857338.

[Anonymous No.23858068]

Waiting on a 5oz poured monarch bar in the mail. Slow and steady

[Anonymous No.23858111]

And here we have Another OG goldbug admitting bitcoin has much more upside

https://cointelegraph.com/news/bitcoin-may-pay-out-more-than-gold-says-billionaire-investor/amp

[Anonymous No.23858218]

>>23858111

I've never seen the slightest indication that boomer hedge-fund managers like Tudor Jones or Druckenmiller really understand the debate about Bitcoin. Which would entail showing any awareness of its many disadvantages when compared to gold; its uselessness as a currency; its inevitable destiny to enslave mankind via second-layer solutions; the fact you can be so easily traced in the ledger; its capturing by Blockstream and the banks; a knowledge of the block-size debate; the tether scam; the history of Mike Hearn, Gavin Andresen and the exiling of the original devs; censorship on /r/bitcoin; the theories about Satoshi's nefarious identity, https://www.youtube.com/watch?v=XfcvX0P1b5g&ab_channel, etc. They simply say things like "I bet that Bitcoin will be the fastest horse" or "it has more beta to it." They know nothing about the fundamentals, which are what will actually determine BTC's success or failure.

By the way, Druckenmiller literally bought the top of the tech bubble, and lost $3 billion in a single day. Not exactly the best record of success as an investor in technology.

[Anonymous No.23858292]

Fuck this is an excellent thread. Thanks anons

[Anonymous No.23858309]

>>23857962
>What are some things you desire?
Tits and ass. Mug of tea with a splash of milk. That's about it.

[Anonymous No.23858468]

>>23857338
>What is also unseen in war is the millions of lives lost, and I firmly believe that no advancement of technology justifies killing another human being.
That was never used as a justification. That's a literal byproduct. You would need to literally enslave humanity or get rid of humanity to stop war. This is not a flaw, not something to get rid of as many try to do and ultimately damn themselves or their decedent's future.

[Anonymous No.23858540]

>>23858111
Is it just me or every time I see a link to that site, it initially reads 'cointel-egraph'? Just a funny observation

[Anonymous No.23858602]

>>23858468

>That was never used as a justification. That's a literal byproduct.

It would be wrong to presume that the Keynesian doctrine of war causing economic stimulation isn't a contributory factor to encourage wars. If people truly understood that wars caused nothing but devastation, that might sway them into not supporting them. The idea that "war is good for our economy" might just be the straw which breaks the camel's back, and pushes people into thinking that it is more advantageous to fight a war than to make peace.

[Anonymous No.23858724]

>>23849553
>>23848465
newfren here, how much is this worth?
or is it just a collecting type hobby?

also if i buy lets say 10k in gold, do i have to store it myself

[Anonymous No.23858825]

>>23858724
>do i have to store it myself
of course not. give it to me and I'll store it for you.

[Anonymous No.23858849]

>>23858724
>store
you'll get five ounces with 10k, you won't have problem "storing" it lol

[Anonymous No.23858906]

My silver is worthless...

[Anonymous No.23858924]

>>23858724
Look up silver/gold spot price/oz. That is the value of their metal content, presently. The ounces are troy ounces, not avoirdupois. As I write this each of those coins is worth £18 (lol). If that's a 20 tube then £360 in there. Those sovereigns are nearly 1/4 oz gold. So they are about £350 each.
Probably going on £1,500 there, not including premiums.

The usual premium, which is the price you pay above spot price, is generally in the teens for silver and around 4% for gold.

If you don't hold it you don't own it.

[Anonymous No.23858947]

>>23849553
Which coins/tokens do you hold?

[Floor stacker No.23858970]

WTFWT (in a bad way) :(

[Anonymous No.23859029]

>>23858724
do a little research into historical price charts for Silver & Gold

Generally speaking, its a long term buy and hold item for "preserving wealth" and not a short term for profit "investment"

many buy it for "collector" reasons for history, aesthetics, art, numismatics, shiny rock addiction, etc

[Anonymous No.23859103]

time for comfy blankets

[Anonymous No.23859155]

>>23850596
this

[Anonymous No.23859176]

>>23858906
>>23858970
Oof, wonder what caused this. Will still remain in my original end-of-week estimates of:
Base case ~$24.5
Bull case: >$25
Bear case: >$23.5

[Anonymous No.23859212]

>>23858849
>>23858825
kek
>>23858924
>>23859029
thanks, for the info

you guys are really nice, like a comfy golden oasis in the middle of the toxic wasteland which is biz

[Anonymous No.23859236]

>>23851512
I fully agree. Might be a fantasy to exchange a tube for a house, but who knows?

[Anonymous No.23859260]

>>23854201
it's alrdy a thing who've existed for years... these projects simply lack visibility.

[Anonymous No.23859288]

>>23852319
Stock telling him about it: the more he knows the more bitter he'll be when he misses out, and the more he'll remember that you have silver.

[Anonymous No.23859303]

>>23859288
This. Next time he asks, tell him you cashed out all your silver due to this crash.

[Anonymous No.23859306]

>>23859288
*'Stop' I meant. Freudian slip I presume.

[Anonymous No.23859321]

>>23859212
You're always welcome here. Remember to post your stack and learn about mining companies for some sweet gains

[Anonymous No.23859378]

>>23859176
I'm done for this year. I ended up with 6.5oz gold and 210oz silver. Need to watch my bills.

[Anonymous No.23859399]

>MY FUCKING SILVER

[Anonymous No.23859421]

>he bought meme rocks
Lmaoooooooooooooo this shit is going back to 16 bux hahaha

[Anonymous No.23859442]

>>23859421
unf, I hope so, I'd be able to get so many cheapies

[Anonymous No.23859559]

>>23857557
The space race was about showing off that your able to deliver payload to any place of the planet with rockets

[Anonymous No.23859583]

Raise your hand if you just bought $6k worth of gold and silver yesterday.

[Anonymous No.23859601]

>>23852876
Kek.

>>23853285
It's all they deserve, they trusted chinks.

>>23859212
No problem lad. It's your money so you've got to make sure you spend it right. In any case, better anon having a go at you than the bank! So prepare yourself for short term losses, and keep the reasoning behind purchases in mind at all times, remember why YOU want it, not anyone else.

>>23859303
It annoys me that we can't be honest with people about it, but since he can carry a fortnight's wages off in his pockets you've got to be careful. I don't have much, but only two close relatives know the location of my metal, so that they might benefit should I die. I've also told them how much to expect for it (e.g. spot price+%).

It's honestly what makes /PMG/ so great, that we can speak openly without fear.

[Anonymous No.23859651]

>>23859399
AAAAHHHH

[Anonymous No.23859660]

>>23859321
KEK
>>23859442
OH fuckkkkk I hope it all tanks right now... FINALLY got some of these funds to clear, 40k ready to throw at some cheapies

[Anonymous No.23859704]

[Anonymous No.23859722]

>>23859442
oh boy cheapies can wait until the next silver bullrun in 12 years

[Anonymous No.23859743]

PULL UP. PULL. UP.

[Anonymous No.23859806]

That was your last chance to buy the dip

[Anonymous No.23859810]

>>23859743
It did. Shit just made a damned U-turn.

[Anonymous No.23859816]

Hot tip for you guys, airports are fucking grabby little bitches and WILL flag you for a search if you try to take gold on now, they will try to confiscate it too if you fly internationally. Dont get too cocky

[Anonymous No.23859827]

>>23859743
No, continue the descent. I've got cash waiting.

[Anonymous No.23859859]

>>23851938
It was 2 weeks after 9/11 not even the schizoest schizo could have come up with insider job theory back then. Its only in recent years americans warmed up to the idea.

[Anonymous No.23859942]

>>23853320
The issue isn't people who buy them on Aliexpress. It's people buying them in bulk from Aliexpress and then listing them on ebay or local classifieds as the real deal.

[Anonymous No.23859944]

[Anonymous No.23859981]

>>23859816
FUD, as long as you don’t act like you’re hiding it and a smuggler of some kind, it’s totally legal. Contact local customs officials before traveling if necessary.

[Anonymous No.23860050]

>>23848465
The 17oz Stacklette reporting for duty!

[Anonymous No.23860076]

>>23856562
I just don't believe that. I believe Bitcoin is going to be the biggest rugpull ever. It's an intermediary technology that is becoming increasingly irrelevant as we progress to Quantum tech. It'll probably always remain a niche, but I don't believe it will ever gain mass adoption.

[Anonymous No.23860141]

>>23859981
not FUD friend, this is asuna anon and they literally just flagged me, they cant take it because its not international, but they IMMEDIATLY took me aside and opened up everything looking for them when i went through security.

It may not matter now, just dont try to fly things out of country if it comes to it.

[Anonymous No.23860160]

>>23859942
>It's people buying them in bulk from Aliexpress and then listing them on ebay or local classifieds as the real deal
You're correct in that case. At least the density test should filter those out easily enough.

[Anonymous No.23860201]

Today's veterans day. Is that why there's no update on the bond yields?

[Anonymous No.23860232]

>>23860160
yeah its pretty sad how many ads are on things like fagbook too for fake ASE AGEs. Ali and wish sell fake paper/plastic money too that is pretty confinving if you dont look real close. Not sure how its not all shut down over this.

FFS fagbook was advertising magic mushrooms a bunch too...

Test everything trust nothing

[Anonymous No.23860321]

new

>>23860317
>>23860317

[Anonymous No.23860515]

Fuck! B2Gold is cheap today and I don't have any dry powder