/pmg/ - Priceless Metal General

[Anonymous No.24196971]

Parabolic debt 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://www.youtube.com/watch?v=ZCL6FKQZyoM
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://www.youtube.com/watch?v=3mg9YcAShTo
Magnets
https://www.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:
>>24177109

Freedom round at spot:
https://sdbullion.com/freedom-round-black-friday

Level 1 encounter:
https://www.washingtonpost.com/us-policy/2020/11/23/bidens-pick-treasury-secretary-will-be-janet-yellen/

[Anonymous No.24197011]

>>24196971
>bought 100oz of silver for 1750
>sold for 2400
>bought 4 pamps for 7000
>sold for 7200
never again.

[Anonymous No.24197038]

>>24197011
>he sold?

[Anonymous No.24197075]

>>24196800

Gold miners will be the new central banks in the post-fiat world. If you own a gold miner, you own a part of however many ounces there are to dig out of the ground. And so long as the country in which that miner resides respects property rights, there is no danger of losing those ounces. If there is a temporary state of affairs in which there are no safe currencies to hold, the mining companies will pay their shareholders dividends in gold and silver. Life-changing wealth is inevitable in the mining stocks. History informs us that they will be the investments of the century. If a DGR of 1:1 and a GSR of 1:14 gets us to 15x gold and 40x silver, and if the miners went up 150x times when silver doubled, then for junior mining stocks, and especially for silver junior mining stocks, to go up hundreds of times in purchasing power is inevitable.

Western CBDCs are merely what Von Greyerz calls the "Second Reset." CBDCs will impose a system of absolute tyranny on the population, but also lead inevitably to hyperinflation, which will collapse our non-productive, debt-based Western economies altogether. This collapse is what he calls the Third Disorderly Reset. Eastern countries, where most of the production lies, will then demand payment in gold for their goods and commodities, and issue their own gold-backed currencies. This is also the point at which Bitcoin will plunge to zero.

https://kingworldnews.com/greyerz-implantable-human-microchips-and-the-great-reset/

[Anonymous No.24197228]

MY LATEST ORDER (CDN)

[Anonymous No.24197267]

>>24197228
Wait for more black friday deals this week anon.

[Anonymous No.24197300]

>>24197228
i love leafs

[Anonymous No.24197391]

>>24197075
>If there is a temporary state of affairs in which there are no safe currencies to hold, the mining companies will pay their shareholders dividends in gold and silver.
Could I get that in writing somewhere? And if it’s not legally binding then I can’t see them paying out dividends in metals if they don’t have to

[Anonymous No.24197486]

>>24197228

If you don't mind me asking, why the 100g silver?

[Anonymous No.24197569]

>>24197391

If the miners don't pay dividends to their retail shareholders, then that means that the insiders don't get paid the dividends as well. Paying dividends in gold and silver is what the miners would do on the basis of historical precedent, as well as what some mining CEOs have stated as their outright intention (like Keith Neumeyer of FR). But at any rate, the collapse of fiat would be a temporary affair before new gold-backed currencies would be issued by China and Russia, and people will be able to sell miners for those gold substitutes, or opt to receive dividends in those currencies.

[Anonymous No.24197690]

Seeya at 10$

[PAN MAN No.24197776]

Google Earth prospecting using forgotten notes from 1899. Next season's road trip plans. Whiting creek apparently produced 300oz of gold before everyone jumped ship for the Klondike.

[Anonymous No.24197817]

>>24197267
I'm going to get some then too, I just wanted to take advantage of the dip

>>24197300
I love you too

>>24197486
It's perty and they sold out of the Sunshine mint bars I was going to get

[Anonymous No.24197851]

>>24197776
Hey Pan Man what's a comparable existing mine to the one at Barkerville? Been trying to understand the Caribou project and Osisko Development lately.

[Anonymous No.24197945]

>>24196971
this fucking guy is hilarious man. thinking of making a freakout compilation

[Anonymous No.24197947]

[PAN MAN No.24197974]

>>24197851
a good analog would be the Brucejack mine, its similar geology just hosted by different rock. Bonanza grade nuggety gold / silver in quartz stockworks. BGM's BC vein for example has some of the highest grade gold anywhere in BC, but its hard to trace, resulting in the old time miners chasing the pay veins all over the mountain. I am betting the gold extends as well under Mt Proserpine and further but more drilling is needed. I have maps if you want a better understanding. Also heres some Ag in situ.

[Anonymous No.24198129]

Want to buy 300+ oz of silver. Currently have 852 oz and a lot of gold.
What do you think: buy now or wait for 21-22?
An old pic related.

[Anonymous No.24198156]

>>24198129
I think we'll see 21 for a matter of minutes, 22 for a matter of hours

[Anonymous No.24198165]

Are they going to make fractional 2021 gold Britannias eventually?

[Anonymous No.24198175]

>>24197075
Where does the JPMorgan manipulation of spot prices fall into all of this? Couldn't they theoretically continue their tricks ad infinitum?

[Anonymous No.24198201]

why is it falling right now i dont understand

[PAN MAN No.24198215]

an orange mountain like that just screams at me to go dig it, fucking leaf winters are too long.

[Anonymous No.24198231]

>>24197974
Awesome, I'll look more into Brucejack now, thanks. Do you know anything about Canadian Malarctic? What makes it the best mine in Canada?

[Anonymous No.24198245]

>>24198201
cuz i just bought

[Anonymous No.24198271]

>>24198129

Wow that is one sexy stack anon. I'm jelly.

[Anonymous No.24198285]

>>24198201

https://www.independent.co.uk/news/world/americas/us-election-2020/trump-news-live-biden-update-election-b1760186.html

[Anonymous No.24198298]

So long as the paper market remains, the greedy bullion dealers get their premiums and miners continue dumping more and more stock onto the market and new mines open as soon as price advances $50 on gold we are doomed . Infinite sell pressure

[Anonymous No.24198299]

>>24198201
DOOMP EET

[PAN MAN No.24198324]

>>24198231
i am not as in the know about the quebec gold belts but its a super pit situated in a major stretch of the Abitibi Gold trend. Great ore and only getting better at depth. I need to reread what i have on that region but i have like 40 things on the go right now including writing a mining permit for next season.

[Anonymous No.24198337]

>>24198285
So much for US based miners.

[Anonymous No.24198358]

>>24198201

Painting the chart to make you panic.

No fundamental changes.

[Anonymous No.24198424]

The crypto guys are right, even buffet dumped all of his gold stocks recently. Now I know why, sinking ship

[Anonymous No.24198433]

>>24198299
Jews sure love to fabricate ridiculous stories

[Anonymous No.24198444]

>>24198324
Cool, thanks for sharing your info.

[Anonymous No.24198504]

>>24198424
Buffet dropped his position in Barrick? News to me.

[Anonymous No.24198544]

"This is not going to blow over. This is a situation where the powers that be, all over the world,--including that idiot who's the premier of Canada, Trudeau--are using this phrase, "Build back better." And they're using the phrase, "We need a reset." The covid hysteria is a part of all that. It gives them the general setting for a real reset. So we're in for a lot of trouble--really turbulent times over the next ten years.

That's why this is going to be an excellent opportunity from a speculator's point of view. Gold stocks are really cheap right now, they're at a historic low. Buy them. This is about the fifth chance, in the last fifty years, to load up on these things for a really spectacular run. I think I'm going to be right about that." -- Doug Casey today

https://youtu.be/4sa_OjR2Tlc?t=523

[Anonymous No.24198568]

[Anonymous No.24198584]

>>24198504
Buffet dropped about half his position.

>>24198175
JPM is net neutral last I checked. They know which way the tide is turning.

[Anonymous No.24198596]

>>24198424

Barrick Gold was never the purchase by Warren Buffett that mattered. He bought six Japanese companies with high exposure to silver. One of them is Sumitomo, which has 100% ownership of the San Cristóbal mine in Bolivia, which contains 450 million ounces of silver.

https://www.sumitomocorp.com/en/us/business/case/group/232

"In March 2009, Sumitomo Corporation acquired all stakes in the mine and the mine is currently exclusively managed and operated by us."

[Anonymous No.24198598]

>>24198504
https://finance.yahoo.com/amphtml/news/lessons-berkshires-barrick-gold-sale-175409501.html

[Anonymous No.24198694]

>>24197974
That's a gorgeous rock. And man, fuck, it'd be fun chasing those veins, if only I didn't have to work for cash. Why don't rich people do this shit as a hobby? I find it interesting in itself.

[Anonymous No.24198738]

>>24198694
I'm just going to coin spam. These are fun, but junk, and people often charge way too much for these shits. Maybe they're rare? I don't care, got them cheap. Colonial money is cool.

[Anonymous No.24198755]

Sup /pmg/, I'm thinking of buying a Kinebar.
It's the 5gr ok or I would regret not getting the 10gr?

[PAN MAN No.24198764]

>>24198694
o a lot of people do, there is a tourist outfit from Anchorage AK that takes wealthy clients out on two week prospecting trips in the middle of nowhere digging with dredges or hand mining benches. There is also a group of miners that take people out to Keno city to mine on their claims for $200 a day. I would do it here but the regulations get in the way of bringing the big money people onto active claims.

[Anonymous No.24198767]

>>24198738

[Anonymous No.24198802]

>>24198755
generally your gonna pay out the ass for premium on anything smaller than an ounce. unless its old foreign. if the price is somehow okay to you or you found a deal, get all you can comfortably

[Anonymous No.24198840]

>>24198694
Look up mineral specimen auctions sometime on Heritage Auctions.

[Anonymous No.24198847]

>>24198764
That's cool, but I sort of meant as in buy a claim for yourself and do it without those tour people, but fair. Probably a good way to get money out of rich idiots, haha. Gold is one of the oldest tricks in that book! I'm hoping maybe I can take a holiday and do some panning next year in Scotland. Was hoping to do some this year but Corona. Guaranteed I won't get shit but it'll be an experience.

[Anonymous No.24198921]

>>24198596
But he didn't buy Irving Resources?

[PAN MAN No.24198942]

>>24198840
there was a fantastic sample of visible gold that just went on sale today let me see if i can find the link again. Mexican motherlode vein i think.

[Anonymous No.24199004]

>>24198847
I love this tiny little fucker of a coin. All pics the same scale, camera was on tripod aimed at my desk. It's so small (smaller than a 5p and thinner)

[Anonymous No.24199077]

>>24199004
King

[Anonymous No.24199185]

>>24198921

Irving Resources is a 140 million mcap junior mining stock, so not the sort of thing which Warren Buffett would invest in. Besides which, 80% of the issued stock is already concentrated in only ten hands, none of whom likes to sell. (42% is owned by Akiko Levinson, Dr. Quinton Hennigh, and Eric Sprott.) The mcap of Sumitomo is 1.7 trillion USD. Also, Irving is based in Japan, but the company is Canadian.

[Anonymous No.24199227]

>>24199077
As a bonus here's the most fucked up penny I found recently, as my copper hoarding continues unabated.

[Anonymous No.24199233]

>>24199185
Eric Sprott is going to amass more wealth than anyone in recorded history, if all of this goes according to plan, right?

[Anonymous No.24199259]

>>24199227

[Anonymous No.24199315]

>>24199185
Why would you touch that when the Canadian pm is a globalist pig, under trump gold still languished, it’s gonna be absolutely punished under biden

[Anonymous No.24199381]

>>24199233

Yes. Sprott has $1.4 billion in the mining stocks, so if they go 160x from here onward, Sprott will have a net-worth higher than that of Jeff Bezos.

[Anonymous No.24199472]

>>24199381
I'm still up 30% on NFGFF. Hodl at 2000 shares.

[Anonymous No.24199598]

>>24198424
I heard Warren only sold around 40% of his Barrick

[Anonymous No.24199610]

>>24199472

Newfound Gold is a Dr Quinton Hennigh project, along with Irving Resources, Eloro Resources, and Lion One. All excellent companies.

[PAN MAN No.24199682]

>>24199610
Has there been anything new from newfound gold recently? I keep forgetting to check in on them.

[Anonymous No.24199712]

>>24199472
I'm up 150%. I remember thinking fuck I got in too late, But it's never really dumb money to bet alongside all the big names.

[Anonymous No.24199727]

>>24199381
In your research, looking at the past precious metals bull markets, have you seen the percentage of mining companies that went bankrupt vs. the percentage that went parabolic? We all know not every miner will "moon"; Doug Casey said on Palisade Radio recently something to the effect of "most of them will still fail even in a PM bull market." He repeatedly says variations of "mining is a horrible industry, bankruptcies happen all the time." I just wonder what the percentage of failure vs. success is here in the mining industry during bull markets historically.

[Anonymous No.24199746]

>>24199682
https://newfoundgold.ca/news/new-found-intercepts-44-5-g-t-au-over-6-85m-in-60m-step-out-at-keats-zone-queensway-project-newfoundland/

[Anonymous No.24199853]

>>24199727

I think that whoever reported what Casey said in that interview must have misreported him. I know the interview, and what he said is that mining stocks are like a burning taper, which is true over the long term. But exiting a ten-year-long bear market and going into a ten-year-long bull one, so the comment isn't relevant to the immediate present. When he was asked, in another interview, what financial advice he would give to young people above anything else, he said that they should buy junior mining stocks, and he didn't sound particularly discriminate in his language.

https://youtu.be/7lbxwQ2B39c?t=525

"Here's my advice. People are looking for a tout. Something's that going to make them money--they don't care why, or any of the details, don't clutter my mind up with earnings and management and this type of thing, what am I going to buy that's going to go up. Well I'll tell you. Buy into these crappy little junior gold stocks now. They're going to be the epicentre of the next bubble."

[Anonymous No.24199888]

>>24199727

I think that whoever reported what Casey said in that interview must have misreported him. I know the interview, and what he said is that mining stocks are like a burning taper, which is true over the long term. But we're exiting a ten-year-long bear market and going into a ten-year-long bull one, so the comment isn't relevant to the immediate present. When he was asked, in another interview, what financial advice he would give to young people above anything else, he said that they should buy junior mining stocks, and he didn't sound particularly discriminate in his language.

https://youtu.be/7lbxwQ2B39c?t=525

"Here's my advice. People are looking for a tout. Something's that going to make them money--they don't care why, or any of the details, don't clutter my mind up with earnings and management and this type of thing, what am I going to buy that's going to go up. Well I'll tell you. Buy into these crappy little junior gold stocks now. They're going to be the epicentre of the next bubble."

The 150x figure from the '62 to '68 bull market concerns the _average_ penny stock, not a select group of them. Also, in the '01 to '11 bull market, the index of all gold stocks went up 1700%.

[Anonymous No.24199972]

>>24199682
They have been killing it lately, just great drill results. My stock in NFGFF is up 30% while everything else in my portfolio is currently down from 10-20%. I'd buy more but I'm overexposed with them and want to diversify to reduce risk.

>>24199712
Nice

[Anonymous No.24199978]

>>24199727
>>24199888

You guys seen this yet?

https://www.youtube.com/watch?v=GG3k0heglQY&t=5872s&ab_channel=CambridgeHouseInternationalInc..

[Anonymous No.24200009]

this is going to be rugpulled isn't it

[Anonymous No.24200041]

>>24200009
always has been

[Anonymous No.24200052]

>>24199888

Forgot to add this part: "The whole group" [i.e. of junior mining stocks] "is going to go ten to one." So his language is even more indiscriminate than it seems in my quotation.

[PAN MAN No.24200061]

>>24199972
thats good, Newfoundland has been waiting for any heavy industry work to come back, hopefully they can get that mine up and running within 5 years.

[Anonymous No.24200069]

>>24197776
Oh that's a cool way of finding placer gold

[Anonymous No.24200107]

>>24199888
Checked. Listening to doug say it gets me pumped. We have big names on our side. That's why the FUD is useless.

[Anonymous No.24200109]

Bull flag, just be patient bros

[Anonymous No.24200121]

>>24200009

We had the same fud when silver was 14 or 15. If they could control PMs forever, it would still be down there. Gold was rising long before covid because of inescapable economic forces. Be patient.

[Anonymous No.24200205]

>>24200109
Buy signal at the bottom?

[Anonymous No.24200284]

>>24200052
I’ve said this before in these threads many times, but it’s such a weird mindframe to be in when your investments depend on poverty and chaos growing around the world to increase in value. All these catalyst events that will set PM’s on fire and send mining stocks to the moon will also cause hunger, despair, and suffering for countless millions of people. It’s sickening to imagine a world like this. I feel morally bankrupt for wanting my investment portfolio to rise in value when the very impetus for it to do so is a downgrade in the quality of life for most of humanity. Do you or anyone else in this thread experience this depressing cognitive dissonance?

[Anonymous No.24200376]

>>24200284
No dawg. Smart people make money during all times good and bad

[Anonymous No.24200377]

Shill me some junior minors. I have a few but want to expand.

[Anonymous No.24200400]

>>24200284
I just use it as a hedge against shit going to shit
I don’t really need anything to rise in value anyway since I can just make aristocrat-tier things like sterling cutlery and flex that way

[Anonymous No.24200432]

>>24198424
>buffet dumped all of his gold stocks recently
Oh god yes
I was really afraid when he brought
They will go up now in the near to mid term for sure
Buffet is an inverse indicator

[Anonymous No.24200439]

>>24200284
Don't feel it at all. I just see what's happening and I have to make a move to make some money, so I found this to be one of the best places. I don't want the world to go to shit, I see that it is going to shit, so I made some bets accordingly. Staying in fiat is obviously not the choice for the next five years.

>>24200432
he sold 40%

[PAN MAN No.24200465]

>>24200069
yea its actually fairly simple. Dig for a few hours in obsucre provincal mining records for areas with mentions of placer discoveries. Than start floating around on Google earth for obvious spots that would carry gold. This spot was worked only for one year for placer and never again afterwords. The whole mountain range is a giant copper moly showing. Gold must be eroding from the slopes and ending up in the creeks. Now all I have to do is wait for spring.

[PAN MAN No.24200516]

>>24200377
check out Surge Copper Corp, there a small company exploring copper / silver / gold targets on ground I ve walked over before, there in BCs interior but still very interesting ground with previous major mines only 10 minutes drive away.

[Anonymous No.24200582]

>>24200284
I don't feel bad. I try to make investments in miners/developers/explorers that will go up in value not because of the chaos that makes pm's go up but because of the company creating value. If (when) pm's go up a lot then that's a nice bonus. If the global economic situation goes well then good for everybody, me included (I'll also be able to buy more for a cheaper price!)

[Anonymous No.24200648]

>>24200284

I actually see the coming state of affairs in an opposite light. What we are living in right now is the nightmare--and that nightmare is enabled by the present economic system. Keynesianism and fiat money have caused the state to become all-powerful and inimical to liberty, as well as giving rise to countless wars to preserve the hegemony of the dollar. Inflation has also given rise to unspeakable moral corruption, as was also the case in ancient Rome. When fiat fails, the world won't fall apart; all the production which now exists will still remain. There will simply be an instantaneous transfer of wealth from those people and nations who indebted themselves and didn't save, to those people and nations who did. Because liberty-loving people buy gold, they will especially benefit from the wealth-transfer, and be able to use their influence for the betterment of society. Nations which are impoverished by the transfer may learn the lesson that you cannot borrow and print your way to prosperity, and restructure their economies on a sounder foundation. The real economy--the middle class--will have a chance to grow again, and the world, in time, will become infinitely richer for it.

[Anonymous No.24200693]

>>24200377
Checked. Look into these for example, they're all good companies
CBI
MEK
AWE
MTH

[Anonymous No.24200743]

>>24200648
Well said anon

[Anonymous No.24200870]

>>24198942
Would be interesting to see for sure. Here's a nice copper formation that sold for 1k in 2017.

[Anonymous No.24200906]

Got this new KOMSCO round.

[Anonymous No.24200938]

>>24200906

[PAN MAN No.24200937]

>>24200870
michigan copper ore? I love how native metal ores grow into amazing shapes.

[Anonymous No.24200964]

Lol gold in free fall. Fundamentals are disregarded in clown world.

[Anonymous No.24201065]

>>24200284
>I feel morally bankrupt for wanting my investment portfolio to rise in value when the very impetus for it to do so is a downgrade in the quality of life for most of humanity. Do you or anyone else in this thread experience this depressing cognitive dissonance?

You don't have to hope for bad things to happen in order for your investments to increase in value because bad things are going to happen anyways. The Bible itself says that in the final days there will be "wars and rumors of wars" and famines and natural disasters. The future is already decided and you are simply making the smart choice on how you confront it financially with whatever time is left, because if you don't act now you will simply be one of the millions who suffer. Even if this isn't the end times everything I said still applies because the world has certainly made an unavoidable mess for itself.

Cheer up Anon, just remember to help the impoverished masses once you've made it.

[Anonymous No.24201068]

ngl, the constant fud and shitcoiners smugposting is taking it's tool on me, frens...

[Anonymous No.24201089]

>>24200284
Preparing yourself for the inevitable economic outcomes does not make you morally bankrupt. You have to play the hand that you are a dealt. That being said I think it’s a good idea to have other investments outside of the metals sector. I know that I do.

[Anonymous No.24201194]

>>24201068
1) PMs are still on a tear, when you take the long view.

2) PMs are still the superior ultimate physical asset, and the best in a SHTF scenario as they will never go to zero. The entire financial system could completely collapse, and your metals would still be valuable. To me at least, that’s a wonderful source of peace of mind, as is the fact that it’s a physical thing that I own.

3) Nothing to stop you from also putting some money into crypto, just remember that it is a speculative investment, and is not a proven store or value.

[Anonymous No.24201280]

>>24201194
cope

[Anonymous No.24201452]

>>24201068
these pajeets were ready to suck our dicks in april. silver spot and physical is completely disconnected now that the cats out of the bag

[Anonymous No.24201492]

>>24201280
>1 post
how many rupees you make an hour?

[Anonymous No.24201619]

>>24201089
>You have to play the hand that you are a dealt.
yup. you either feel the rain coming or you don't. when it comes, if you're not already comfy in your ark w/ your senpai and your stuff, then you're pretty much screwed.

[Anonymous No.24201876]

>>24200205
Dunno, there's a decent amount of support there though

[Anonymous No.24202254]

>>24197945
https://www.youtube.com/watch?v=TtboDtmqHLE
There is one already for it. It would be funny to see him distort his face compilation.

[Anonymous No.24202257]

>>24200964
Fifty dollars is not a freefall you cum guzzling faggot.

[Anonymous No.24202348]

>>24202257
My silver and gold arrived today. It's already late though, I'll do a double opening tomorrow for everyone.

[Anonymous No.24202502]

>>24197776
Hey pan man. Creighton mine anon here. How did your claims turn out this summer? That pic looks like a great spot to climb up to and camp out for a weekend while "working"

Have you heard anything about manganese?

[Anonymous No.24202527]

>>24200906
Oh fuck man, that's adorable as hell. I love cats on silver, and tiger cubs are unbeatable. When I finally get my tax refund in, I'm getting a couple of those for sure.

[Anonymous No.24202621]

Why the fuck did I listen to you fucking losers? I should have just bought Bitcoin (real storage of wealth) and I would have made money. Silver is going back to 14 and Gold to 1200. Good luck to you all because you're going to need it.

[PAN MAN No.24202687]

>>24202502
I managed to get a lot of placer ground tested before the heavy rains stuck around but production wise it was below what i was hoping for. I still got gold and made money this season so I cant complain too much. My only gripe is that my major hard rock exploration / drilling program had to go on hold til next year due to covid. I honestly dont know a ton about manganese other than its an industrial metal extracted as a byproduct of many different milling processes and has a lot of industrial uses. What sort of info are you after pertaining to it?

[Anonymous No.24202708]

>>24202621
>Silver is going back to 14 and Gold to 1200.
man, I hope so, I want to load up, I would literally load up on credit card debt if it goes that cheap again

[Anonymous No.24202777]

>>24202621
here's your (you), enjoy it

[Anonymous No.24202873]

>>24202687
I keep hearing talks of it being used in new battery technology. There is a company out east that is drilling for it. Manganese energy corp. Battery hill.

[Anonymous No.24202893]

>>24202708
SAAAAAME

[PAN MAN No.24202975]

>>24202873
yea its a major component in rechargeable batteries and in modern lithium ones as well. Makes sense that companies would be exploring for it. Its not really rare though from my understanding, I ve seen mountains covered in the stuff. I know copper mines often produce it as a waste product from concentration too so i dont expect it to be worth a whole lot.

[Anonymous No.24203027]

>>24202777

He prob can't see cause he switched IPs already.

[Anonymous No.24203078]

>>24202975
Thank you for your input! Always wise words.
Take care.

[Anonymous No.24203171]

>>24203027
It's always sad to waste good digits on a pajeet post but someone's gotta do it

[Anonymous No.24203712]

Can I sue Peter Schiff for promoting scams?

[Anonymous No.24203756]

>>24203712
If you want to report people who promote a scam, talk to the goverment. They are scamming trillions of people out of their actual wealth every second under fractional reserve banking.

[Anonymous No.24203958]

So genuine question. You guys are betting on a future where the internet will cease to excist? Cause if not (trigger warning) bitcoin

[Anonymous No.24204056]

How can anybody in their right fucking minds look at these charts and not see that theres going to be an explosion in gold and silver price? This is fucking insane. We are in probably the greatest economic uncertainty in the history of man kind. We are bombarded with shills of all kinds every fucking day. I wish they would all just fuck off. Why is it so hard to get some god damned peace of mind?? Why does it seem like there is a coordinated effort to not give a man a fucking piece of mind. We already know they do this, they have coordinated shill efforts for the sole purpose of fucking with people psychologically. I just want to kill them all.

[Anonymous No.24204060]

>>24203958
Scammers like Peter Schiff are telling these guys that Bitcoin will go to zero and gold is the future.

[Anonymous No.24204086]

>>24204056
Heres silver and again, how can anybody in their RIGHT GOD DAMN MIND not look at this chart and see that theres going to be an EXPLOSION in silver prices, especially when compared to gold?

[Anonymous No.24204108]

>>24204060
You are a dumb fuck and you dont even cruise the thread so you dont even know what the fuck youre talking about.

[Anonymous No.24204143]

>>24204086
Chart for silver.

[Anonymous No.24204157]

>>24203958
Nice binary strawman, I actually like cryptos, but they are not a hard asset like precious metals are, they have only existed for 10 years, they are extremely volatile and can and have before lost 50% of their value practically overnight. They do not have intrinsic value they way a physical commodity does.

[Anonymous No.24204214]

>>24204056
>>24204143
HOW CAN ANYBODY IN THEIR RIGHT FUCKING MIND NOT LOOK AT THESE AND SEE THAT THEY ARE BULLISH AS FUCK? I FEEL LIKE IM TAKING SOME GOD DAMNED CRAZY PILLS.

[Anonymous No.24204269]

>>24204060
I mean i like gold. If btc didnt excist i would own alot of it. one of my best friends who would constantly shill gold to us has now also converted to crypto.

[Anonymous No.24204280]

>>24204214
Wrong. Silver is going back to 14 and gold to 1200. Buy bitcoin to save your money.

[Anonymous No.24204284]

>>24204214
I don’t even care about that desu. All I care about is the long term. This is the only gold price that matters, and a quick glance shows why it is the #1 HODL forever. It will always run ahead of inflation. With a few minor dips it just keeps and keeps and keeps going up.

[Anonymous No.24204308]

>>24204269
>one of my best friends who would constantly shill gold to us has now also converted to crypto.
bearish for crypto. sell your stinkys while youre in profit

[Anonymous No.24204390]

>>24204157
I actually feel like the physical aspect of gold is its weakness. unable to be split up and transported by ease

[Anonymous No.24204409]

>>24204284
Silver is a bit more volatile putting it mildly: but it still has a hard price floor at this point that it never goes under, and despite the violent price movements, over the years it’s still always drifting upwards.

It’s not that either will make you positively wealthy, but they will protect you on in a way that no other assets can. If you hold them, you can sleep soundly safe in the knowledge that they will always, always have value. You can’t beat a track record of millennia, there are no and have never been any harder assets.

[Anonymous No.24204425]

>>24204308
His dad who was an even bigger goldbug bought his first btc a few months ago

[Anonymous No.24204511]

Who's excited for cheap silver?

[Anonymous No.24204522]

>>24204280
I will never enter your pump and dump. Get fucked you fake crypto modern tech onions faggot.

[Anonymous No.24204596]

>>24201068
Unplug for a while. Let yourself breathe for a bit. If you spend every waking hour on this shit website you'll give yourself actual scizophrenia. Just listen to your metal and wait it out. We're all going to make it, except the fudposters.

[Anonymous No.24204689]

>>24204522
You can’t deny green line going up. It’s almost foolish to deny the money-making potential there: but it’s just an asset the way gold and silver are. It’s a new technology, there’s a lot of buzz and excitement about it, maybe in decades to come it will pass the test of time.

I just don’t even understand why it’s compared to gold and silver, gold and silver are metals you pull out of the ground that have been used as money and jewelry for thousands of years and a conductor for around a hundred, the other is a cryptography/online payment method that’s been around for about ten.

That’s not to disparage crypto, but simply to recognize reality.

[Anonymous No.24205313]

>>24201068
Don't worry friend, just keep stacking. I know I am during these hard times.

[Anonymous No.24206225]

What the fuck is going on

[Anonymous No.24206258]

>>24200284
absolutely none. I see tons of people taking debt to buy multiple house to rent while they are fucking on minimal wage. I see plenty of people investing into tesla, amazon and all other garbage while being smug about those who don't. I see plenty of people buying crypto and laughing at how they get a salary everyday while we wageslave. I see plenty of people, even my own brother, laughing at me for buying silver while he buy a 600$ TV. Fuck those people, some don't wanna hear, some think too highly of themselves, all of them had the chance of assfucking banks by investing into PM. Lets be honest, they deserve what happen to them. They drive cars alone with fucking mask, can't be saved.

[Anonymous No.24206272]

I've been looking into gold-backed cryptos (i.e., Kinesis), but I don't see how it work long term, especially actually exchanging the coin for physical gold. https://kinesis.money/

[Anonymous No.24206323]

>>24206258
As soon as all these TV watching fat normies wake up and realize the vaccine and Biden aren’t going to fix the economy I expect we’re going straight back up.

[Anonymous No.24206376]

>>24206225

[Anonymous No.24206377]

>>24206258
based and deservedpilled

[Anonymous No.24206400]

>>24206323
>>24206377
I hope it stay low a bit longer, need to stack miners, don't have good position yet. Will be done by febuary. We will all make it brah, no doubt about it.
>500silver
>600g gold
>3k miner atm, putting 1k religiously every month
First thing I do is go to japan, live like a hermit with a mansion and a couple of teen maids.

[Anonymous No.24206507]

I think midweek we're due for some bump the down curve seems pretty close to bottomed/fleshed out

[Anonymous No.24206567]

>buy 1 bitcoin
>wait for total bitcoin MC to be 1/100th of the MC of gold
>buy 20kgs of gold
what's wrong with this plan

[Anonymous No.24206586]

>>24206400
Stay low? Metals are way up

[Anonymous No.24206620]

>>24201065
Based, love the support from PM bros.

[Anonymous No.24207420]

>>24206400
>00
bumps

[Anonymous No.24207474]

>>24206586
>24
>way up
Most predict silver at 42 by april

[Anonymous No.24208008]

>what do we know :
- the 'elites' hate us, the poors, and want to cull us down to what they consider a reasonable number (half a billion up to a billion)
- they also hate the idea what we can possess things, especially material things, since they believe everything is their
- they are neo-malthusian transhumanists, and want to evolve in a 'godlike' state thanks to technology, especially using computerization to replace biology

>what are their tools
- environmentalism, which in reality is anti-humanism, pushing for always more regulations and self-hating : by destroying the human race, you save the planet, there is no middle-ground. Industries considered anti-gaya will be completely annihilated in the incoming years.
- communism : by making an all-powerful state, they can eliminate free will, dilute their responsibility/visibility using the government as an expression of the will of the people instead of their agenda. Communism will help get them rid of the right to have private properties.
- shitcoins : by artificially inflating the value of what is intrinsically totally worthless lines of code, they appeal to the greed of people, and divert huge sums of cash from buying tangible assets (bad goy!) into illusion of wealth (good goy!), which also conveniently happen to be easy to trace.

What i want to say by this is all this real wealth price suppression (and in contrario price inflation of illusion of wealth) is done on purpose to divert the masses from the very tools able to free them from the NWO taking place. Soon you will see always more demonization of PM stackers, accusing us of destroying the planet for worthless shiny rocks. Soon you will see arise a LOT of new regulations anti-miners, and probably a ban on PM ownership, they will push the masses into ridiculizing and hating you. Of course in the elites circles, gold will remain the only real measure of wealth, only the goyim will be using worthless CBDCs.

You'll need to stay strong frens.

[Anonymous No.24208289]

the whole corona shitshow was started to accelerate digital payments adoption, which was lagging in a lot of places

it's not about money, it's about control

[Anonymous No.24208291]

>>24208008
Because the path we have chosen will be very hard in the months/years to come. By refusing their illusion of wealth, we became mortal ennemies of this satanic spawn, and they will do anything to destroy us and steal our stacks. People are slowly starting to understand it's a war to death, the true WW, between the self-proclaimed "elite", and us. They have the wealth, the connexions, the technology, the military appartus, the propaganda tools, Satan on their side... but we have the numbers, the will, God and the memes on our side. So nothing is lost frens. The most important part for now on is to secure what we have, and don't fall for their tricks.

You probably know Schwab already told us what is the next step of their diabolical plan : shutdown internet and SWIFT, and blame it on muh russian hackers. This way, all the normies who only have digital 'wealth', either it be in the form of stonks, shitcoins, savings in the bank, will lose everything. Then (((they))) will act as if they were generous and propose a global debt reset, an UBI, but only to the goyim who agree to leave behind their right to ownership over everything (permanent-renting) AND the bi-annual sterilization vaccine. That's when the great transfert of wealth will occur, when suddently PMs will become ad unobtainum. When we become the kangz. But before this happen, they will try every trick in the book to steal our stuff. Hidding your rocks in a safe wont be enough, cops will come to confiscate this. You need to start digging holes in your garden, play it smart and hide your wealth where the NWO can't find it.

Also, the window to continue to accumulate is narrowing very, very fast. That said, to push the stackers into abandoning their rocks, they will suppress the prices to extend hard to imagine yet, to demotivate us. So don't be in a hurry, stay in cash for a little while and snipe as much silver and gold as you can when the moment come. It wont take long, a year maximum. 2/3

[Anonymous No.24208292]

Thinking about buying 5 million USD worth of silver. How would I even store it?
Does anyone else feel that silver will skyrocket in the next year or two? I am mainly using it as a store of value. I get the point of precious metals isnt for them to go up or down and their value is in the material itself.
But that being said do you guys think I could double, triple or more my investment of silver?

[Anonymous No.24208371]

>>24208008
Nice summary.

I do wonder how common stacking is or isn't. Because of the burglary meme, I can easily picture people who do collect coins or stack bullion concealing the fact from all acquaintances and friends, and also from surveys on the subject.

I get the vague impression that in Europe including the United Kingdom, there are quite a number of the old, stuffy numismatist types out there, and that in the US, it's something of a survivalist thing.

But it's still hard to tell what that means in fractional or percentage terms. I have to say, I've never personally met or heard of anyone who collects or stacks any kind of precious metals: but that doesn't mean that it certain circles it couldn't be quite common.

When for example you read about how much of a rush there is for the most highly-awaited Royal Mint collectibles, that right there is a lot of buying of at least some (overpriced) silver. But is that all the same circle of just a few hundreds or even tens of thousands of people?

[Anonymous No.24208490]

>>24208292
So you are looking at 760$ for each kilogram.
Let project: 5M/760=6578kg of silver. Now we know the weight. Dud i'ts six and the half tons of pure metal. let's substract at least 200-300k or more for it's delivery and storage costs and let's say you are buying 6 tons of silver.
Your best option for storage is pallets and pallet rack in some of your workshops.
You could just dig massive pit in your garage, concrete it and make big massive slab which rolls on bearings, rails or something similar over your 6 tons of silver.

[Anonymous No.24208501]

>>24208291
3/3
But you'll have to be ready, because not only the stocks of PMs are already alarmingly low, but the production have been really diminished this year too. And when we will see march-tier prices (or below) happen once again, a lot of smart stackers will try to get their hand on the rocks, and the LCS stocks will vanish in a matter of hours.

The most important thing frens, is to not lose hope. We are about to win, just taking a little bit of distance from all the current frenzy, and you'll see how obvious it is we are doing the right move. How disconnected from reality the world is right now, how dumb are the normans who fall for the NWO baits.
What always defined a store of value is a good who accurately represent the physical and mechanical work used for it's extraction, and who can't be replicated by others means. Never forget that when you hold your silver or gold coin, you hold the power of thousands hard working men and their machines extracting the limited life essence of the planet into your hand.

[Anonymous No.24208514]

>>24208292
On the long-term trend, it's undeniably a safe bet. >>24204284 >>24204409

But it's pretty clear that so far, the uptick has been steady but gradual. You will always get guys on YouTube getting exciting about how SILVER IS DEFINITELY GOING TO $100 NEXT YEAR GUISE or GOLD IS GOING TO BE $5,000? (asked as a question for plausible deniability later) when it's just not likely.

I view it simply as insurance in the event a worst-case scenario since it will never go to zero and a pretty good hedge against inflation, as well as a fun hobby and nice savings method since it's a little harder to cash in and spend than banknotes, something that combats my lack of instinctive thrift.

But you never know, it could be that the "inflation is currency expansion" meme really is as accurate as certain people say, and it will go up sharply as people feel their buying power wither away and seek out trustworthy alternatives. What happened lately in Turkey suggests that PMs would benefit from public realization of currency inflation.

It's possible though that a lot of the attention that PMs would have attracted will end up in cryptos instead, at least temporarily. In which case it will turn into a sort of fight of attrition, in which your greatest battle will be resisting the temptation to sell too much and chase paper gains but lose out in the long run.

[Anonymous No.24208601]

>>24208292
Baller silver chad. Please post stack if you go through with it anon, can't wait to see your silver container

[Anonymous No.24208670]

>>24208371
Thanks fren!

>But it's still hard to tell what that means in fractional or percentage terms.
A survey have been done not long ago about this very matter. From what i remember it was around 10% of the population in the US who owned invesment-grade PMs (so only counting for bars and coins, not the granny only having her gold plated ring). I have the survey's results saved somewhere in my folders, if i find it i'll post it.

[Anonymous No.24208715]

>>24208371
found it

[Anonymous No.24208840]

>>24208715
Gold ownership being about 12% is actually not that low: and since gold is so expensive, that suggests a minimally substantial investment (since we can probably assume that the vast majority of gold owners have at least 1/10th of an ounce at the very least because of the premiums on fractional gold).

The silver-no gold answer could mean anything without a specified minimum though, since silver is so cheap. You could have a single 20 or 25oz tube, or a 5oz tiny tube of silver dimes or even much less, and still give that answer to the question.

[Anonymous No.24208912]

>>24208715
>we are the actual 1%

[Anonymous No.24209009]

>>24208715
>thinks they own gold
i guess technically a ring or necklace counts...

[Anonymous No.24209117]

>>24208715
>>24209009
I wonder what the stats are for bullion ownership specifically. Tons of people own a couple of old silver coins or sterling silver jewelry, and 10K gold jewelry is pretty common too

[Anonymous No.24209127]

i accept your dip

[Anonymous No.24209163]

>>24209117
>>24209009
Apparently, the survey specified "investment grade". I suppose it's possible people could have given misleading answers, but the data is what we have.

[Anonymous No.24209185]

>>24209127
>circulated
Personally I can't stand slicks. Got one in a roll from a LCS and thought about leaving a 1 star review before realizing what a dickhead move that would be

[Anonymous No.24209215]

>>24209185
I was lucky and got uncirculated dimes when I bought mine. DESU, I wouldn't mind some of them being somewhat variably worn, but I would absolutely feel gypped if I ordered them and found that all of them were old and worn out. Does that happen a lot?

[Anonymous No.24209312]

>>24209127
I wonder how many are paper gold lime Comex or shit like that

[Anonymous No.24209326]

Just dump it all they way to 20 fast and we can rise back again..

[Anonymous No.24209545]

>>24202502
Why does your leaf say 9995?

[Anonymous No.24209574]

>>24206400
>First thing I do is go to japan, live like a hermit with a mansion and a couple of teen maids.
Based.

[Anonymous No.24209633]

>>24198215
Its oxidation from ferrous rock , you have more chances of finding platinium ore.

[Anonymous No.24209646]

Why can't I just buy virtual gold like shares?

[Anonymous No.24209706]

>>24209646
The analogy I like is that you don't buy house fire insurance from the people who live in your building in higher floors.
The reason for buying gold is to insure total financial collapse. If god forbid such an event does happen, your paper gold which is part of the financial system won't survive.
You can use paper gold for short term trades or you can use them if you believe total collapse won't occur. But you should be aware of the risks.

[Anonymous No.24209978]

>it keeps falling
fuuuuucck when do I pull the trigger

[Anonymous No.24210033]

It's not hard to imagine a future where smalltime owners of precious metals are often the targets of suspicion, ill-will and even outright hatred.

Governments will make the case that smalltime holders of precious metals are undermining faith in "money," and cynically profiting from the suffering and impoverishment of their fellow citizens. This narrative will be easy enough to promote, since it will unfortunately be true. You can say, "technically," but yes, it will be true, even if it is not their fault.

Owners of precious metals will plead that, "I was only forward-looking and prudent, surely I should be entitled to at least partially benefit from the shift," but the average person cannot be counted on to be remotely sympathetic.

And, perversely enough, the average person may even look at a suddenly wealthy or even just comfortable precious metals investor with a harsher eye than the actual super-rich (since the latter look different, have a different background, and may seem more entitled to their wealth). On the other hand, to see an average person, seemingly no different from himself, spared hardship through what will seem a "random" choice that simply was not promoted by the mainstream at the time, may prove intolerable.

There will be a terrible danger of being neither rich enough or poor enough for the poor. The rich will be safely geographically separate from the mob, will you?

[Billy Pilgrim No.24210085]

God made silver and gold. God or the devil made bitcoin.

In the end god wins. The time stream has already happened. How do I know. I was there when the big bang happened.

I cant even explain what I saw. God told me. When the big bang happened, all time happened. You are already dead.

Einstein was right. All that matters is your physical location in the universe and light. Hahaha.

[Anonymous No.24210406]

>>24209646
You can, and since it's more liquid than physical and (ordinarily) is safer given no theft risk, it might even be a good idea. There's any number of gold and silver ETFs, and you can have a third party take custody of your gold on their behalf, there's a company called BullionVault that does this, and the Royal Mint just launched a product called DigiGold that's basically the same idea.

Just remember what this guy says >>24209706 , and while "if you don't hold it, you don't own it" is perhaps something of an exaggeration, it's at precisely the time you really want gold that it will suddenly be 100% true.

You could always buy some physical and have some in ETFs and third party custody to avoid putting all your eggs in one basket. If I was a rich guy that's what I'd do, have my fingers in every pie and that way at least I am guaranteed a chance to eat some, proverbially speaking.

[Anonymous No.24210672]

>it's still going down
I wanted another sovereign before the end of the year but... it just keeps going.

[Anonymous No.24210875]

>>24209646
the fact that people even ask this is proof of just how subverted the financial intelligence of the average man has become

a man offers you two choices; he can give you one of the two, right now
a)1oz of physical gold
b)a piece of paper saying you own 1oz of physical gold

which option do you take? the answer is so manifest it seems insane to even discuss it

[Anonymous No.24211000]

>>24197075

How do I pay online?

[Anonymous No.24211146]

>lots of miners down to january/february price
this gotta be bullish but the pain right now is real
>normies buying tesla 5x their money while im only up 50% ytd
>mfw
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.24211241]

I told you guys It is still early days and we are still in the accumulation phase. This is the first sell or 'bear trap'. The rest of this month and december is your last window to buy within this price range.

[Anonymous No.24211247]

>>24209706
>>24210406
>>24210875
Thanks. I do own some physical gold and silver as a backup, I just wants some extra to trade with in the coming years.

[Anonymous No.24211436]

>>24208292

>Thinking about buying 5 million USD worth of silver. How would I even store it?

Look into the following: GoldMoney; BullionVault; Kinesis; OneGold; GoldSwitzerland; and Sprott's PSLV and PHYS on the stock market. Do _not_ buy GLD or SLV, which are unallocated scams.

Neil McCoy Ward on BullionVault: https://www.youtube.com/watch?v=hYcm8fTfKmI&ab_channel=NeilMcCoy-Ward

Peter Schiff on GoldMoney: https://www.youtube.com/watch?v=BjqzyqRz_Mc&ab_channel=Goldmoney

On BullionVault you can buy and sell silver instantly, at spot price, in private vaults in Switzerland and Singapore, with the click of a mouse, and pay only a 0.1% fee for each transaction. You can also register or de-register segregated bars. It's extremely fast and efficient.

>>24204390

>I actually feel like the physical aspect of gold is its weakness. unable to be split up and transported by ease

This is a myth about gold which we have to combat in these threads again and again. We can digitalize and split gold into little fractions with perfect ease, first of all by gold-backed cryptos like Kinesis:

https://www.youtube.com/watch?v=5Q9aYYluRA0&ab_channel=KinesisMoney

Secondly by the use of gold-backed currencies (i. e. currencies convertible into gold) in the modern banking system, which are what China and Russia intend to release after the collapse of the dollar.

People have a false idea that BTC is more efficient than gold as a currency, but it's the direct opposite of the truth. BTC can't be used by even 0.1% of the population, even on the Lightning Network, before breaking down into $100 fees and 3-day transaction times. But gold-backed cryptos and gold-backed currencies make PMs a perfect medium of exchange. And unlike crypto you can exchange them into physical form and achieve true privacy.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=f74ebf288235

[Anonymous No.24211445]

>>24211241
https://www.kitco.com/news/2020-11-23/Selloffs-in-gold-are-misguided-Focus-shifts-to-Fed-s-minutes-and-December-meeting-analysts.html
Pretty much.

[Anonymous No.24211600]

Metals are blood red and Bitcoin is as green as ever
Honestly guys, who’s not to say the powers that be have already decided Bitcoin will be the new standard?
They’re pushing CBDC very hard and BTC falls in line with that
Literally everyone is on board with crypto now, corporations, governments, central banks and hedge funds, it wouldn’t surprise me if pension funds start adding BTC to their balance sheets before they ever add gold
Because everyone still hates gold
Central banks and governments hate gold more than anything else, corporations and large funds just laugh at us, “barbarous relic” they call it, “soon Elon will pull down an asteroid full of gold!”
The gold market is massive which means that if it gets rugpulled it has a very long way to fall
These past weeks have honestly been hell
I’d say I’m losing faith but the truth is I’ve already lost it all
The banks and technocrats have won

[Anonymous No.24211756]

>>24211600

>the powers that be already decided Bitcoin will be the new standard?

The West will not decide what the new system of money is. When the dollar collapses, the countries which actually produce the things we need and want will decide what we pay them in, and they are going to demand gold. Russia and China can already issue gold-backed currencies, and demanding payment in gold would cause the greatest wealth-transfer in history from West to East. Russia and China, therefore, have nothing to gain from supporting Bitcoin. Bitcoin also stores no intrinsic value; you can't support an economy or fight a war with Bitcoin. But gold and silver represent real savings, which can be used in industry.

>They’re pushing CBDC very hard and BTC falls in line with that

CBDCs are part of the "Second Reset" which I mention in my post here. >>24197075 But as Von Greyerz (and Ron Paul and many others) have said, CBDCs will only impose tyranny on the population for a time, before they inevitably bring about hyperinflation. Then the East will dump the dollar and revert to a gold standard in the Third Reset.

>Literally everyone is on board with crypto now

Nobody is really on board with crypto. The MSM and the bankers are pushing it on people as a distraction from PMs. People wonder how the system went on so long after 2011; cryptos are one of the reasons why. You could buy the annual investable supply of silver six times over with the mcap of Bitcoin alone. Cryptos split the anti-fiat community, imposing hatred and dissension in our ranks, and diverting capital from PMs to nothing-currencies. But it is the inexorable fate of Bitcoin that it _will_ go to zero when the dollar gets dumped, just as Tesla will go to zero. Bitcoin is pumped by tether, Tesla is pumped by Q. E., but neither has the slightest bit of fundamentals to back it. They both depend on the temporary dollarized ponzi-scheme to function.

The bankers created Bitcoin: https://www.youtube.com/watch?v=XfcvX0P1b5g

[Anonymous No.24211819]

>>24210085
>the devil made bitcoin.
Pretty much, it was created by the NSA.

[Anonymous No.24211829]

>>24211756
Based small caps anon, just passing by to tell you thanks for all the tips. Small wageslave here with 5 position on silver, doing good and keep adding every month. Will be one day financially free when pm explode.

[Anonymous No.24211890]

Thoughts on Harmony Gold Mining? Down 7 percent yesterday and 5 in premarket

[Anonymous No.24211959]

>>24211600
>Metals are blood red and Bitcoin is as green as ever
>Honestly guys, who’s not to say the powers that be have already decided Bitcoin will be the new standard?
>They’re pushing CBDC very hard and BTC falls in line with that
>Literally everyone is on board with crypto now, corporations, governments, central banks and hedge funds, it wouldn’t surprise me if pension funds start adding BTC to their balance sheets before they ever add gold
>Because everyone still hates gold
>Central banks and governments hate gold more than anything else, corporations and large funds just laugh at us, “barbarous relic” they call it, “soon Elon will pull down an asteroid full of gold!”
>The gold market is massive which means that if it gets rugpulled it has a very long way to fall
>These past weeks have honestly been hell
I’d say I’m losing faith but the truth is I’ve already lost it all
>The banks and technocrats have won

[Anonymous No.24212188]

>>24211959
Stocks have been flying because everyone's huffing hopium on the back of a) the vaccine stories and b) Trump's kinda-concession.

We're going to keep seeing a volatile metals market right through the inauguration however that goes.

It's possible that BTC and other cryptos are pulling in investment that would otherwise have gone into PMs, but when we look at the price history of cryptos, it's not clear at all that they're viewed as safe haven assets in the way PMs are at all in the first place.

It is pretty significant that the media is basically telling everyone to buy crypto by floating all these stories about how it's the next big thing in the media though, and it might be a good idea to try and ride the wave. Problem is, you really could get massively bogged, so I would not at all put in any money you aren't prepared to lose completely, and think of it as basically digital Vegas.

[Anonymous No.24212213]

>>24208514
>I view it simply as insurance in the event a worst-case scenario since it will never go to zero
I remember when people said this about oil. There exists a timeline where Silver goes to zero.

[Anonymous No.24212315]

>>24212188
>that they're viewed as safe haven assets in the way PMs are at all in the first place.
It's not. It's following the market. It's not being treated as a hedge.
Also, checked.

[Anonymous No.24212426]

[Anonymous No.24212437]

>>24208292
0.644 m^3
Get a downstairs room with solid concrete floor. Lay out silver bricks approx. six feet long by three feet wide and 16 inches high. Cover with a blanket, drop a single mattress on top. Sleep on it.

[Anonymous No.24212457]

>>24196971
I am financially ruined

[Anonymous No.24212528]

>>24212437
Holy based, probably the best night any stacker could dream of.

[Anonymous No.24212533]

>>24211600
Bingo, tech is the future. Gold lost its narrative when it crashes alongside stocks, then underperforms even when stocks pump and silver is much worse

[Anonymous No.24212542]

>>24212457
https://www.youtube.com/watch?v=l3MtqWz4XuE

[Anonymous No.24212573]

>>24211600
>Honestly guys, who’s not to say the powers that be have already decided Bitcoin will be the new standard?

are you naive enough to think (((world government))) are just going to allow massive capital flight into cryptocurrency. They will tolerate it until it gains a momentum that it cant ignore and then they will bring the hammer down HARD and announce their very own '''crypto currency'''

>Dont worry goys, we pulled the plug on your 'investments' by making it illegal to exchange them for our fiat system, now rebranded as goycoin, a coin you can trust!

[Anonymous No.24212593]

AMA

[Anonymous No.24212607]

>>24212533
>tech is the future. not silver though, the thing the whole tech industry desperately needs to manufacture goods. nah, not silver. my numbers on a hard drive are worth more than any commodity

[Anonymous No.24212622]

What can you say about duckdao.io?

Please, see and share your opinion about their Crypto Incubator and investment system. Want to take part but try to find more info about it

[Anonymous No.24212646]

>>24211436
>But gold-backed cryptos and gold-backed currencies make PMs a perfect medium of exchange.
they have BTC backed cryptos now. just look at Wrapped BTC

[Anonymous No.24212727]

>>24200284
well you have to be above 18 years of age to post on this website so no

[Anonymous No.24212739]

>>24212646
If the schizo posters are to be believed the next crisis is an electrical/banking issue so it's interesting that now is the time to buy buttcoins

[Anonymous No.24212780]

>>24212607
That utility alone won’t drive silver prices anon, that’s very minor for how much silver is in existence. I could buy a ton of silver now it’s so cheap but would I bother to store it, now you see what banks and countries have when they can just buy 1kg of gold for the value of 80~ of silver; funds banks and governments are what drives prices up cause they buy tons of the shit. Silver rides off the back of gold it’s speculation, higher beta then gold. But Then bitcoin came along and it’s easier, cheaper and safer to store then gold, deflationary and superior in every way And as of the last halving it’s now much lower inflation then gold so it’s taken it’s lunch,

[Anonymous No.24212797]

>>24208292
That's a quick way to get thrown in jail.

[Anonymous No.24212850]

>Gold is safe
See you at 1.3 while QQQ hits 350.

[Anonymous No.24212871]

>>24211436
>https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=f74ebf288235
Every time I read about Mike and Gavin and think about what BTC could have been I get madder and madder

[Anonymous No.24212941]

>>24212780
>Then this digital vapourware came along with no inherent value and it’s easier, cheaper and safer to store then gold

woah anon you cracked the financial matrix

[Anonymous No.24212962]

>>24208715
stat nerd here, would love to look at the data behind that survey

[Anonymous No.24212985]

>>24212780
>and superior in every way
>oops i lost my private key, i'm now ruined lol!
>oops i stored my btc on my usb key and i lost it/destroyed it/it died, i'm now ruined lol!
>oops someone found my IDs and found my key and i just lost everything and i've no recourse, i'm ruined lol!
- oops my HD died and i was on offline wallet storage, i'm now ruined lmao!
When will retards maxi stop with this fake news?

[Anonymous No.24212988]

>>24212533

>tech is the future

This is very nebulous. What do you mean by "tech"? All "tech"? The only reason why the NASDAQ keeps going up is Q. E. Tesla has a 1000 P. E. ratio, the valuations of the tech companies are absurd. When the dollar collapses, they will collapse also, and lose 99% of their value or go bankrupt. BTC is simply pumped in a different way (via tether). Unless you think that fiat money is the future, then "tech" in the aggregate is not the future.

Or do you mean a particular kind of "tech?" "Good" tech? BTC is inferior to gold as a currency, >>24211436 so if you mean that "better technology is the future," then gold is the future.

"Tech is the future" was the justification for the Dotcom bubble in 2001. If you can't fundamentally justify the valuation of an asset, it will collapse and meet with reality. Unless you can show why Russia and China, in a post-fiat world, will dig commodities out of the ground, and manufacture goods, in exchange for BTC, then BTC is going to zero.

>Gold lost its narrative when it crashes alongside stocks, then underperforms even when stocks pump

Are you aware of how the gold price is determined? Not by buying and selling real gold, but by trading derivatives on futures exchanges. On these exchanges, the bankers are able to dump ten years of the annual investable supply of silver on the market in a single day. The gold price is the most manipulated thing in the world, because a rising gold price poses an existential threat to the dollar. BTC on the contrary is actually pumped by printing billions of fake dollars in tethers.

>>24212646

If BTC needs to back another crypto in order to function as a currency, it is self-evidently inferior to gold. Because they achieve the same purpose, except that a gold-backed crypto stores intrinsic value. A gold-backed crypto also allows you to cash out and transact in perfect privacy with coins, whereas BTC permanently tracks you on a ledger, or through second layers.

[Anonymous No.24213036]

>>24212985
Oops a nigger brokein and shot me cause I’ve got a giant safe for my bullion, whereas bitcoin a paper wallet is inconspicuous and I can keep millions in it with no issue, whereas millions of gold is very difficult to hide and custody providers are a scam goodluck getting your gold in a crisis

[Anonymous No.24213048]

>>24208291
>shutdown internet and SWIFT, and blame it on muh russian hackers
If I learned anything from what happened in Hong Kong (rip), it's the importance of meshnets. When the globohomo turn off the net to quell dissent, you still need to be able to communicate, and meshnets are how you can do it.
https://survivalblog.com/using-mesh-networking-aden-tate/

[Anonymous No.24213090]

>>24213036
>gold difficult to hide
lmao maybe if you live in a car

[Anonymous No.24213122]

>>24212871

I really like and sympathize with Mike Hearn and Gavin Andresen as well. I used to be sympathetic to Bitcoin Cash, until I realized that it is just as liable to human corruption as Bitcoin BTC was, and would inevitably go the same way. Larger block-sizes also mean inevitable centralization (as we see with BSV), so I simply don't see how thin-air crypto will ever achieve its alleged use-case. Kinesis can already do everything that BCH can do as far as banking the unbanked. I think it is telling that, although Mike Hearn sometimes stops by the BCH subreddit, and enjoys spending time with the community there, he never joined BCH.

>>24213036

BTC won't be worth anything after the crisis (i. e. the end of fiat money) unless you can demonstrate that productive nations will take it in exchange for their goods. Russia and China are simply going to ban Bitcoin and demand gold. They have every incentive to do so.

[Anonymous No.24213129]

You guys must feel so fucking stupid. Everything except your metals is pumping harder than ever before. Everyone is making money except of you, maybe it's time to let go?

[Anonymous No.24213138]

>>24213036
>i can keep bajillions of '''wealth''' stored on this hard drive in the form of repeating 1's and 0's. Gold? heh, boomer rocks. who wants that tangible shit that you actually have to store somewhere?

[Anonymous No.24213164]

>(((panic)))
(((panic)))
>(((panic)))
(((panic)))

[Anonymous No.24213166]

what did he mean by this

[Anonymous No.24213195]

>>24203958
>haha bro there's no way the Internet could ever go down
One slightly bigger than usual solar flare and we're pretty much screwed. Look into the Carrington Event and earth's diminishing electro-magnetic field. Scary stuff indeed.
>haha bro there's no way the government could ever just pull the plug
https://reason.com/2020/09/25/rand-paul-tulsi-gabbard-thomas-massie-ron-wyden-join-forces-to-unplug-the-presidents-internet-kill-switch/
Not to mention what happened in Hong Kong, where the government very easily turned off the Internet to stop people organising protests.

[Anonymous No.24213206]

>>24213164
A weekly close below 1810 and it’s all over, could be a near full retrace of the recent move. Meanwhile btc is 1% off ath now, Oh well I warned you guys, I’m the one who said gold would hit 1600 and silver 18 before eoy

[Anonymous No.24213235]

>>24213164
It's over, the blow off phase begins.

[Anonymous No.24213278]

>>24206258
Amen, may judgement rain upon the normalfaggots reeeeee

[Anonymous No.24213311]

>>24213164
Good, let Mr Shekelstein shake off the weak hands so we true stackers can have more boomboom rocks for cheaper.

[Anonymous No.24213315]

>>24213206
>>24213235
That's perfectly fine - I'd be thrilled to buy a real dip and not some schizo kids screaming dipping 1% off ATH

[Anonymous No.24213347]

>>24213166
A single photo says more than a thousand words. Do what he says before it's too fucking late you retards.

[Anonymous No.24213396]

>>24213347
Bitcoin is getting banned next year, in case you didn't get the memo. Gold is currently in a bull market and will hit 15000 per oz in 2023

[Anonymous No.24213405]

4 more years of cheapies!!!!

[Anonymous No.24213427]

>>24213396
Banned by who? USA? Then China will take it over. By China? Then USA will take it over. You can't ban BitCoin, not anymore. World Superpowers have no choice but to fight over it.

[Anonymous No.24213447]

>>24213427
We are getting FEDcoin and other central banks digital currencies rolled out. Of course, they will ban any other cryptos.

[Anonymous No.24213473]

>>24213129
>everyone is making money except of you
ESL-kun please, you're clearly a newfag, we follow the /biz/ motto of buy high, sell low here. Lurk moar before posting.

[Anonymous No.24213476]

The last time btc broke its ath at 1100, it dropped about 20-30% but then went 20x in a year. I think 250k is a reasonable target for btc in the next two years. Gold maybe back to 2k by then, silver 28$

[Anonymous No.24213538]

>>24213476
that's great news anon, how about you go post about it in the shitcoin threads with your friends?

[Anonymous No.24213583]

>>24213447
I actually don't buy that. It's the same kind of stuff that has been circulating in the Qschizo circles. Yes, they absolutely have been talking about it, but it's not something right around the corner for you and me. CBDC is coming, but it will initially be for settlements amongst central banks and then later banks. There won't b a fedcoin for you and me for at least 3 years and probably 5. We will probably get it at some point, but I think people calling for it imminently are just crying wolf. The same folks saying it is happening are the same ones who told us that Trump was going to arrest a bunch of Dems and a whole lot of other fever dreams that never came true.

[Anonymous No.24213669]

>>24213129
>Everything except your metals is pumping harder than ever before.

your right anon i should abandon my buy low sell high strategy and adopt the bagholder creed. Bitcoin bags here i come!

[Anonymous No.24213678]

>>24200284
>I feel morally bankrupt for wanting my investment portfolio to rise in value when the very impetus for it to do so is a downgrade in the quality of life for most of humanity.
Call it insurance you dumb prick

[Anonymous No.24213709]

>>24213583
>There won't b a fedcoin for you and me for at least 3 years and probably 5.
Yes, there will. fedcoin means they can illegalise cash. Illegalising cash means negative interest rates can be introduced and there's nothing the average joe can do about it.

>>24212871
Vitalik has rugpulled Back and Blockstream with ethereum and wBTC. You don't even need to transact BTC in the future, just tokenised BTC. People think BTC is keeping ETH alive but really it's the other way around. The only way BTC maintains value is if it's tradeable, and being able to transact off-chain BTC means it can still maintain value and be used.

>>24213538
To be fair, /pmg/ is the only place you can get real discussion on /biz/. Every other thread is pajeets or children. Most sensible cryptards own PMs too because they dislike fiat.

[Anonymous No.24213742]

>>24213166
shoulda listened when I saw this at 12k

[Anonymous No.24213802]

>>24213709
Again, maybe in 3-5 years. Next year? No. This will be yet another fever dream that doesn't come true. You can cap this and then take a look at it on December 31 2021. Unless the collapse actually occurs, it's not happening. It's such a monumental shift and the infrastructure is not in place. It 100% will not happen next year.

[Anonymous No.24213853]

>>24213802
Oh yes it will, most folks just haven't been in PM game long enough to understand why we are getting the hammer on PMs so many times. But I assure, the end game is near.

[Anonymous No.24213904]

Should I buy bars?

[Anonymous No.24213921]

>>24213853
Worse then the Xrp scitzos

[Anonymous No.24213933]

Reminder that btc made precious metals irrelevant. Profit from this by get getting puts on slv and using those profits to buy gbtc.

[Anonymous No.24213998]

>>24198755
My question is, is it only the 1 oz that has that trippy rainbow butterfly...glint? Marker? Do the Gram sizes glint like that as well? I want MAX shiny.

[Anonymous No.24214027]

Enjoy the next 4 years lads, the eternal ranging metals market

[Anonymous No.24214040]

>getting raided by crypto kiddies

we get one thread, they get a whole board, and they still have to come here

[Anonymous No.24214049]

>>24213933
Your imaginary computer bit ponzi scheme scam is the new tulip mania, I can't wait to see the tears on here when your rug is pulled.

[Anonymous No.24214064]

>>24213904
Coins are usually easier to resell
>>24213933
I guess the bags will be even heavier this time comparing to 2017. The only difference now, is that you can't count on normie money, since they are out of work or remember getting burned hard last time.

[Anonymous No.24214094]

>>24213206
You mean I can finally afford the Krugerrand I wanted? I am thrilled

[Anonymous No.24214101]

>>24214027
Worst possible outcome schiff is seething

[Anonymous No.24214102]

>>24214027
>ignores the previous decade long bull market

refer to >>24212426 and then kill yourself

[Anonymous No.24214105]

I want to buy :
>250 OZ silver
>3 OZ of gold
this week, tell me pros/cons. will it dip harder this week/december ?

ive seen that jewelery went down 30% this year so prices will go down further by december ? (gifts etc).

i really want to hedge against cash, and i have too much of it.

[Anonymous No.24214128]

>>24213129
>maybe it's time to let go?
buying more right now

[Anonymous No.24214164]

>>24214105
Silver target is single digits, wait a few months

[Anonymous No.24214177]

>>24214164
source: your asshole

[Anonymous No.24214184]

>>24214064
>you can't count on normie money
Normies are living rent free with their boomer parents. They have more money to consoom now than ever before. All normies know about silver is that it is worth less than a snickers bar.

[Anonymous No.24214188]

>>24212213
If that happens I'll fill my entire room with LBMA bars

[Anonymous No.24214189]

>>24214105
Its gonna come out that the new vaccine has terrible side effects (already proven), its also going to wind up only being 1% effective as the virus mutates, because the virus is already mutating. Chaos is coming from this election, Biden will print money into oblivion and ruin all Trumps trade deals. JP Morgan and CityWalk are shorting the USD, PMs haven't seen nothin yet..

[Anonymous No.24214208]

>>24214189
CitiBank****

[Anonymous No.24214236]

>>24213904
Yes. Monarch poured bars to be exact.
20x 2 oz “lil chunkies”
10x 5 oz
10x 10 oz

[Anonymous No.24214237]

>>24214189
All sounds pretty bullish for bitcoin, the ultimate inflation hedge

[Anonymous No.24214241]

kitco website is broken
bullish or bearish?

[Anonymous No.24214283]

>>24213853
I've been in PMs since Ron Paul turned me on to Austrian economics in 2006. Fedcoin is not happening next year. If any version of CBDC comes out, it will be only for central banks and banks for settlements. Stop putting your faith in youtubers whose prophecies never come true. They also told you COMEX was going to fail. They also told you the Fed is literally printing money in QE. They've told you all kinds of things based on baseless speculation on half-truths. Bad things are coming, but stop listening to just anything they say. You're spouting a line from the same people who believe in Q and all the retarded XRP schizo shit. These people have an unironic mental illness. I'm not saying conspiracies don't exist. They absolutely fucking do, but there are so many people out there muddying the waters with complete bunk so as to conceal the real things going on. Don't fall for the disinfo. Look at this soberly.

[Anonymous No.24214327]

>>24211241
Yeah, like I say, this is the time of year for cheapies anyway, and even though 2020's been nuts, we're still gonna have a pretty normal shopping season based on what I'm seeing so far. This orgy of CONSOOMerism is bullish for fiat, bearish for PMs as the zombie hordes sell themselves into debt for another year.

>>24212593
Nice shoop. Original: https://en.numista.com/catalogue/pieces104823.html

>>24213904
Silver in any form. I prefer round, but a bar is fine too.

[Anonymous No.24214348]

>>24214283
Belief that the Fed is raping Americans of their wealth has nothing to do with that Q mental illness.

[Anonymous No.24214349]

>>24213904
Bars are awesome, like that guy says they’re harder to sell I guess, but they’re compact so less “fiddly” than coins, and more metal for your buck. Also is a great feel holding one.

I should try to have more discipline saving my money so I can buy more of them.

[Anonymous No.24214354]

>>24214164
1 good reason for that?
>>24214189
>already proven
source?
>>24214283
wait for a bigger dip or buy silver+gold now 50/50 split ?

[Anonymous No.24214375]

>>24213904
Bars are often cheaper than national coins or generic rounds. I like em. Pic sorta related, I guess.

[Anonymous No.24214380]

fuck you guy for telling me to buy barrick gold i am financially ruined YOU FUCKING BOOMERS

[Anonymous No.24214395]

>/pmg/ being raided by vapourware bagholders

[Anonymous No.24214407]

>>24214354
>wait or buy
I'm going to wait another week or two and see where we're headed, then hopefully buy as we go down.
PM are a lifelong marathon.

[Anonymous No.24214437]

>>24214094
I'd still have to stop dropping fiat on silver for two whole months to afford a Krug
t. just ordered 5oz

[Anonymous No.24214445]

Worth the watch: https://www.youtube.com/watch?v=SNzbHjssiRs

I first started in PMs at around 1900. It sounds like it's possible that this declines a bit and crabs out for a while, so I'm going to see where it levels out, and then pick a dip to dollar cost average my 1900 buy in.

[Anonymous No.24214456]

>>24214189
It's proven that you may get a bad hangover for a day or two which goes away. Beyond a couple months of data for those in the trial, we have no idea if there are any long term impacts. I actually don't think vaccine side effects will play into anything other than anti-vaxxers trying to make a big stink of it. The long term effects are what we would ideally like more data on and are what could be an issue or not an issue, but I don't think that factors into anything in 2021.

[Anonymous No.24214521]

>>24214380
Thanks for playing.

[Anonymous No.24214530]

>>24212850
>QQQ
You will crab under 12000 forever.

[Anonymous No.24214562]

OOOOOOOO GOOOLDBUGGIES! You actually thought gold was going to $3000 kek. Buy Bitcoin before its too late

[Anonymous No.24214570]

>>24214456
>he unironically supports a vaccine and derides 'anti-vaxxers'

yeah, im just going to go ahead and disregard everything you have to say and do the opposite

[Anonymous No.24214594]

>>24214375
really? ive seen the opposite

[Anonymous No.24214601]

>>24214380

[Anonymous No.24214608]

>>24214456
Are you in /pmg/and getting mrna vaxxed?

[Anonymous No.24214611]

>>24214562
The more you cry, the more gold I want to buy.

[Anonymous No.24214613]

>>24214283

The collapse is happening. Hyperinflation is already here (https://www.goldmoney.com/research/goldmoney-insights/hyperinflation-is-here)), real yields are negative and can never go positive again, endless Q. E. and stimulus are necessary to prop things up, real unemployment is 40%. Tens of trillions will be needed over the next few years to sustain the unemployed population, to suppress yields, and to prop up asset-bubbles. Presidents and prime ministers are openly using the Davos slogans, "Build back better" and "the Great Reset." The Davos Crowd are openly talking about a Second Bretton Woods and a Fourth Industrial Revolution. The world economy has been shut down on the basis of a hoax. Have you not left your front door recently and looked at the clown world we are living in, the people wearing masks, the ghost towns and cities? The world looks like a dystopian 1984-like fantasy land. This isn't like 2011, this is the end-game.

>They also told you the Fed is literally printing money in QE.

Q. E. is printing money. Q. E. = creating money out of thin air to buy bonds; real investors and institutions sell those bonds to the Fed in exchange for that currency, so Q. E. causes an expansion of the money-supply. Real inflation is 10% per annum (Chapwood Index/ShadowStats); "Q. E. is deflationary" or "Q. E. doesn't cause inflation" is central-bank propaganda. Look at an article from the F. T. in 2004 called "Gold: going, going, gone," when gold was $300 an ounce. You see in that article the same lies which the bankers tell now, that "inflation isn't a problem any more," "deflation is the real issue," "gold has no purpose any more" etc., etc.

[Anonymous No.24214646]

>>24214570
good job anon refuse the mark of the beast

[Anonymous No.24214763]

>>24214601
Gold returns have not beaten inflation since btc came along and never will again, btc arrived and ate its lunch. These pm cucks talk about 2009-2011 profits right before bitcoin came along, bitcoins here now and gold will forever underperform

[Anonymous No.24214773]

>>24214611
Its going down to $1300 and will crab there for a decade, there will be plenty of time for you to buy lmao

[Anonymous No.24214807]

>>24214348
It does if you believe the Schiff nonsense on how the Fed actually works. It's just as cringe as the Qtard bullshit to say that the Fed is printing money with QE. The Fed is indeed involved in "printing money", but only to the extent of monetizing Congressional budget deficits. Whatever Congress authorizes to spend beyond our receipts is monetized by the Fed/Treasury. The Fed isn't just running the printers whenever it feels like it. Claiming that it is is on the same level as Q boomer half-truths and complete 80 IQ hot takes.

If you want an actual smart take from someone who is also contrarian, but RIGHT, watch Jeff Snider. Nobody can touch this guy when it comes to the monetary system.
https://youtu.be/14I1BdncYVo

>>24214354
Unless we get news of a stimulus, I am not sure we will see any big spikes in PM prices. You can't time the market, but I expect deflationary forces to continue to push things down. With that said, if you don't have any physical, I'd average in little by little. Just don't get into them looking for a moonshot. That's the wrong way to do PMs. PMs are like a universal life insurance policy. It's insurance for a bad event, but it also has a cash value. So think of it like a long term savings asset that has the potential to pay off big in a catastrophe in the monetary/economic system. You can make money in PMs, but if you just want to trade, there are better areas to trade for profits. Also, silver is more volatile with bigger upside while gold is a better actual hedge. I am right around the 1 ozt au / 100 ozt ag.

[Anonymous No.24214835]

>>24214807
>It's just as cringe as the Qtard bullshit to say that the Fed is printing money with QE.
You don't fundamentally understand money nor economies

[Anonymous No.24214927]

>>24214608
I see mrna vaccine as a big unknown. So yeah, I view it with a fair bit of skepticism right now. Public health officials do not have my personal health interests in mind at all...and that's for pretty much everything. But I'm also not going to go the other way with schizo bullshit that never pans out either. So I'm not outright against getting the vaccine, but I'm also not going to personally be at the front of the line. I'm going to sit back and read as much info as I can and when the time comes to make a decision, make one. I'm not committing to a path right now because I don't have enough info. I am not taking it right now until I get more info.

[Anonymous No.24214954]

>>24214594
I mean compare a JMB bullion bar versus an American Eagle. Right now looks to be a 2-dollar~ difference. Some of the nicer designer bars like Golden State Mint's stuff is pricier, but ultimately an ounce is an ounce yknow? Over the years I've managed to get lots of each, but the cheapass in me still loves cheaper bars.

Do you have a site you frequent that shows more expensive prices for bars? I'd be curious to compare. JM is usually my go-to.

[Anonymous No.24214992]

>>24214773
God, I hope so.

[Anonymous No.24215037]

>>24214954
>the cheapass in me still loves cheaper bars.
my man

[Anonymous No.24215071]

>>24214763

BTC is no different from Tesla, both have roughly the same mcap now, both equally worthless on a fundamental basis. When the system against which BTC is alleged to be a hedge (fiat money) actually collapses, BTC will go to zero along with Tesla and every other bubble company. If you buy BTC, you're simply gambling. Makes far more sense to buy a junior mining stock, because at least an inevitably rising gold price will lift all boats in that sector.

Saying that "gold hasn't beaten inflation over the past ten years" shows that you don't understand gold or what its function is. It went up 25x in the 70s and 80s for a specific reason, because people feared the collapse of fiat money. It then went up 10x in the '01 to '11 bull market for the same reason. People lived under the delusion from '11 onward that the system would all go back to normal and that the Fed would raise interest-rates and normalize its balance-sheet, but everybody knows now that that is never going to happen. Russia and China knew it all along, too, which is why they have been hoarding gold and dumping treasuries all the while.

>>24214807

Copper, zinc, and many other commodities are still in a bull market. Gold and silver are temporarily down right now because of central-bank manipulation, not so-called "deflation." It will not be possible to suppress their rise after the next stimulus bill, or market crash and additional Q. E.

[Anonymous No.24215079]

>>24214613
https://youtu.be/14I1BdncYVo
You post people whose job it is to sell you something. QE is not money printing. It's creating bank reserves that are in restricted accounts. It literally cannot leave the Fed. The real central bank propaganda is "QE is inflationary" because they need you to think it is. They will never correct anyone who says that because they know that the perception is what could cause inflation...if people think it's inflationary and behave like inflation is coming, then it creates inflation. They are fucking with your mind. Unless Congress authorizes UBI or some massive stimulus, we will not see hyperinflation or even high inflation. Yeah, we will probably get this due to being at the end of the long term debt cycle, but it's not currently happening until Congress agrees to act and actually do it. Until then, have fun scratching your head as to why miners and metals are tanking when people like Schiff, who are salesmen trying to sell you a product, told you it was going to moon any minute now. Don't be a sucker. PMs are a long term deal and the moon is not right around the corner unless Congress gets its act together and passes the bill that puts the moon around the corner.

[Anonymous No.24215110]

>>24214807
>he's a jeff snider cuck

you're a pseud and dont even understand the basics.

INFLATION IS AN INCREASE IN THE SUPPLY OF MONEY CIRCULATING FOR GOODS AND SERVICES

DEFLATION IS A DECREASE IN THE SUPPLY OF MONEY CIRCULATING FOR GOODS AND SERVICES

deflation is not inherently bad but in a world based on debt and consumerism, its a death sentence. no government or central bank can allow sustained deflation or it will lead to a deflationary collapse. we are indeed in a deflationary period(due to lockdown etc causing economic retraction) and the only way out of this is for the central banks to print more and more money and pump it direct to the consumer via stimulus cheques.

QE IS inflationary, but it is a deliberately subtle mechanism that only increases the supply of money for select asset classes(equities and real estates, to bail out the rich). the consumer doesnt see this increase in money supply so they dont feel its first hand effects, but one way or another it catches up with all of us.

[Anonymous No.24215117]

>>24214613
Also, your pic has a lot of bank reserves in it....literally sitting under a mattress at the Fed that banks are unable to withdraw into the general economy. BANK RESERVES ARE NOT MONEY. QE is just a fancy way of creating bank reserves.

[Anonymous No.24215187]

>>24215079

Q. E. is creating money out of thin air to buy bonds. Those bonds get bought from real investors, institutions, foreign nations. The money which Q. E. creates out of thin air therefore goes directly into the real economy.

[Anonymous No.24215227]

>>24214608
Depends, I want to see first the long term effects of the vaccine

[Anonymous No.24215247]

>>24215079
>>24215117
>QE isn't inflationary you have to believe me bros!

Kek anon you don't know what the FUCK you're talking about, I really hope no one here is taking you seriously

[Anonymous No.24215284]

>>24215110
If there is no lending growth, QE does NOTHING. Period. Credit is contracting. Lending standards are tightening. Your line goes down because you don't understand. All you can do is say "muh manipulation".

For all the lurkers out there: how do you feel about your line go down when the gold salesmen were promising you a quick buck? They have no idea how the monetary system works. Their thesis is correct in the long term, but they need to make their quote THIS quarter, not the quarter when shit actually hits the fan. So they tell you retarded shit and are constantly talking about how the collapse is right around the corner. Well, it is, but it's deflationary. Whoops. They left that part out.

[Anonymous No.24215375]

>>24215284

I've explained how Q. E. causes rising prices and an expansion of the money-supply in the real economy twice now. >>24215187 You haven't addressed the point, you simply keep saying that Jeff Snider is right.

[Anonymous No.24215393]

>>24215284
What part of they won't let deflation happen you dont understand?

[Anonymous No.24215422]

>>24215187
You've been sold a lie. The "money" that was created to buy the bonds CAN'T go into the economy. It literally goes into a restricted account at the Fed that cannot be accessed at all. All it can do is count towards bank reserves. It's literally in a locked fiduciary account. Again, you've been sold a half-truth by people trying to sell you their gold TODAY. Long term, the PM thesis is correct. But the crap they are telling you about QE and the "printer goes brrrr" is myth to make you feel anxious that it's happening now so you buy whatever they are selling right now. PMs are good. I own physical and I advise others to as well. We don't need the half-truths. In fact, it hurts because people buy thinking we are going to moon and then get demoralized when it plays out exactly the opposite in the short run.

[Anonymous No.24215437]

>>24215284
>he is actually naive enough to think govermnents and central banks will allow a deflationary spiral to occur

they will hyper-inflate the currency before they let that happen.

[Anonymous No.24215469]

>>24215247
For the non-retards who actually want to know how the monetary system actually works and not what the salesmen want you to believe, watch this.

https://youtu.be/14I1BdncYVo

[Anonymous No.24215594]

>>24215422

You're repeating what Jeff Snider has told you, but again, you aren't addressing the specific point which I'm making. >>24215187 When the Fed buys corporate bonds, municipal bonds, U. S. treasuries, etc., that money which is created out of thin air goes directly into the hands of the people who sell the bonds. So money is being created out of thin air and going directly into the real economy. This, in turn, causes rising prices, mostly in assets, but, as I have established before, real C. P. I. has consistently been 10% per annum.

[Anonymous No.24215617]

>>24215375
You explained how it doesn't work. When they buy the bonds, they buy them with bank reserves. They give the institution money that goes into a restricted account at the Fed that the bank literally is not allowed to withdraw.

If I counterfeit US dollars at my house and instead of spending them, put them all under my mattress, is this inflationary?

None of the money they spend in QE leaves the Fed. It's all restricted and can ONLY count as reserves for the institution that sold the bonds. That's it. You're spouting a meme from people who go off half-cocked, some because they are dumb and others because telling you the truth would hurt their bottom line since they are trying to sell you their gold fund.

[Anonymous No.24215639]

>>24215422
>All it can do is count towards bank reserves.
Is that why they changed the reserve requirements to 0?

[Anonymous No.24215656]

>>24215594
The bank who sells the bond to the Fed does not get cash free and clear. They get bank reserves. That's it. They cannot take that money and put it into the real economy. It is RESTICTED. It's not even money....it's BANK RESERVES.

[Anonymous No.24215725]

>>24215656
The banks payed for the bonds with money retard.
This whole dance is basically to get around debt monetization rules. Treasury issues debt -> banks buy with money -> fed buys from bank

I don't care if fed pays in bank reserves, the govt got payed in cash (that's the whole point)

[Anonymous No.24215730]

>dxy down
>agusd down
wat

[Anonymous No.24215731]

>>24215639
Makes bank reserves even less useful, but they still need to keep bank reserves. And yes, that's still exactly what they are giving them in exchange for the bonds...bank reserves. That's all it is. And that's why Powell is begging Congress to act, because the Fed is impotent and unable to do a damned thing to stop the deflationary forces. The Fed NEEDS Congress to act. Otherwise they are going to be exposed as the limp man behind the curtain who actually can't do shit and they will forever lose all credibility when it comes to messaging in the market.

[Anonymous No.24215764]

bought the fuckin top

[Anonymous No.24215815]

>>24215656

It's about supply and demand. Buying bonds means that you artificially increase the price of bonds (and therefore drive down yields). This means that real investors and institutions can then sell their bonds for much more than they are really worth. That is when you get the expansion of the money-supply in the real economy, regardless of what happens to the bank reserves. That is a separate issue.

[Anonymous No.24215839]

>>24215731
Well, I bought 90% of my stash in March so I'm fine. Might as well continue to ride the stock market bubble. At least the fact that BTC is bloating along with it shows that it's not really a hedge like they're clsiming it is.

[Anonymous No.24215869]

>>24215725
If you love the lie so much, go ahead and believe it. believe whatever you want. Just don't look so confused when the exact opposite of what you expect to happen based on your thesis is happening. A smart person would take this as a moment to ask whether their underlying assumptions were actually incorrect and modify their thesis. A Schizo would just create ever larger and ever more absurd schemes to explain it. Ego-defense is a hell of a drug.

When you calm down, this is a good watch. When you feel like learning the real machinations and why the Fed is retarded, this is for you. When you are ready.

https://youtu.be/14I1BdncYVo

[Anonymous No.24215937]

>>24215839
If you bought low, fine. I would never advise anyone to sell their physical PMs. I'm a proponent of PMs. But I also try to steer people away from the charlatans in the space who are telling them half-truths in order to sell them more. Every space has charlatans and PMs are no different.

https://youtu.be/14I1BdncYVo

[Anonymous No.24215987]

>>24215869

The theory of Peter Schiff has always been that gold went down after 2011 for two reasons,

1) Because the PMs have been manipulated downwards on the COMEX (the J. P. Morgan fine and Bart Chilton interview with Chris Marcus prove this);

2) Because investors and foreign nations were falsely convinced that the Fed would shrink its balance-sheet and raise interest-rates.

This thesis has been proven correct. Ever since people saw, in late 2018, that yields could never go up without crashing the market, gold has gone from $1200 to its recent high of $2080, and silver from $15 to its recent high of $29. We have had a brief correction to $1800 gold and $23 silver as the banks suppress the metals and pump Bitcoin so that they can close their short positions; that's it. No fundamental changes, debt-trap is still there, zero interest-rates until 2024, money-printing of tens of trillions in Q. E. and U. B. I. is still inevitable.

[Anonymous No.24216014]

getting cucked by this guy ... just fuck my shit up i actually bought the fucking boomer rocks

[Anonymous No.24216058]

>>24215656
INFLATION IS AN INCREASE IN THE SUPPLY OF MONEY CIRCULATING FOR GOODS AND SERVICES

when QE suppresses the yields of bonds and banks lower interest rates it makes them unattractive as a safe haven therefore money which would otherwise be locked up in bonds or a savings account (out of the circulating supply) flees to more speculative assets(GOODS) like equity and real estate(increasing the supply of money circulating for goods and services ie INFLATION)

[Anonymous No.24216085]

>>24215869
I don't care about the monetary system. Tell me about the fiscal side. Do you believe the govt will stop issuing debt? Do you believe govt debt is not inflationary?

[Anonymous No.24216158]

one thing is have to give to deflations guys is this... even in Mikes hidden secret of money episode they say the same that fractional reserve banking is the true force of inflation, because the money supply is greatly multiplied through he banks, hence rising housing, stock market, bonds ect, but if those banks are not lending, then sure we have inflation through QE but no where near the same amount we would have if banks were still lending,
i would really love to see peter schiff debate jeff snider, jeff looks like an absolute fag btw i would actually be kinda seething if he was right on his thesis

[Anonymous No.24216206]

oh yea and btw they also claim in their argument that the FED is only putting a hand under the budget deficit, well thats 3+ trillion per year and growing in no sight of slowing down because niggers WUZ KANGS and need reparations

[Anonymous No.24216209]

>>24216085
That’s what I say is required for the big inflation to happen. It will need to be UBI or something of that magnitude. But that’s going to require Congress. The Fed can’t do any of this on its own. So until you see Congress in session actually making these kinds of overtures, don’t expect any big PM uptick. We aren’t going into high inflation territory until Congress acts bigly.

[Anonymous No.24216227]

>>24216058
That's the theory of what it will do, but it isn't working.

[Anonymous No.24216242]

Did Kitko suicide?

[Anonymous No.24216309]

>>24216058
Yes. That’s not monetary inflation, but it is Indeed specific asset inflation. That’s what I’ve been saying. It distorts investments and chases more investment capital into riskier assets. It’s not the Fed printing money and people buying stocks with it like the mouth breathing gold salesmen say. It’s driving down yields and forcing money into these assets in search of a return. Yes, they create a bubble, but it’s not money printing that does it. It’s creating artificial scarcity in the debt market driving down yields.

[Anonymous No.24216409]

>>24216209
So let me get this straight you want people to wait until the US govt confirms stimulus?

[Anonymous No.24216412]

>>24216309

The Fed isn't simply driving down yields, they are doing so by increasing the price of bonds. The two phenomena are inversely correlated. Q. E. means that people who already hold bonds can sell them for a higher price. This means that more currency circulates in the system. See >>24215815 >>24215594.

[Anonymous No.24216502]

>>24216158
Mine is right on that point. Money is lent into existence. If credit is contracting, that’s literally deflationary, because debt is money. I’m not a long term deflationary. I’m a short term deflationary. The problem I have is that the inflation isn’t going to magically appear on its own in the current circumstances. It’s going to require Congress to act big. I think they will eventually, but there’s nothing automatic about that. It’s a big deal politically. Until that happens or there is serious talk of it, deflationary forces are going to be very powerful and hardly opposed.

[Anonymous No.24216538]

>>24216158
Also, Jeff is an autist. He’s brilliant and he’s right, but he’s not much to look at. Thankfully, I don’t tune into him for his looks. He’s a brilliant slob.