/pmg/ - Precious Metals General

[PAN MAN No.25244701]

Elemental Silver Edition

>Why Gold?
https://www.youtube.com/watch?v=i3S4rl6ehiI
https://www.youtube.com/watch?v=gksenA5Al_A
https://www.youtube.com/watch?v=FI7NnOg2rxo

>Bullion dealers
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.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/

Relevant information regarding mining companies
https://pastebin.pl/view/fddd4572

Previous thread:
>>25227134

[Anonymous No.25244715]

[Anonymous No.25244764]

I love my grandma :)
We need more physical in these generals.

[Anonymous No.25244770]

Strong start to the week. Let's gooo

[Anonymous No.25244798]

>>25244701
What is the best gold soup dealers?

[Anonymous No.25244821]

>>25244063

>Can you spoonfeed me on Bayhorse?

Bayhorse Silver has 100% ownership of the historic Bayhorse Silver mine. It is located in a safe jurisdiction (the USA); has at least 7 million ounces of silver; and there are several highly respected PhD geos working on the project. Management owns 11% of shares; has all the permits and infrastructure to produce silver at 2x cash flow; and just got an off-take purchase order for its silver concentrate. The stock has been endorsed by Eric Sprott's friend Chris Vermeulen twice, and Bob Moriarty (one of the most respected mining analysts, who earlier this year bought DV and ELO at less than 1/3rd their current price) said a few days ago that he "loves it" and "owns a boatload." It is owned by many respected ceo.ca investors like @oldbanker, @Leon, and @Newton (a geologist). @HDLR, who bought the Klondike bottom, recently sold his Klondike to buy BHS. The CEO of BHS has spoken about paying a dividend in physical silver to shareholders. He is a silver bull, and is friends with David Morgan. He always takes the time to speak to investors on the phone.

Stock has gone down recently because of whining babies on Stockhouse, who keep talking it down and attacking the management. Sentiment is so absurdly low that people are accusing the silver ore in the videos of being fake. Moriarty said a couple of days ago that “The exact time to buy a mining stock is when everybody hates it, and everybody’s been out with their long knives trying to stab it.” Stock price is the same as it was in Jan. even though silver was $19 then, and $27 today. Mcap is only $13 million, which is absolutely absurd for a producer. Compare with e. g. Klondike Silver, which recently went 4x to a $50 million mcap even though it has a ghost management team which does no news-releases or drilling.

(1/2)

[Anonymous No.25244858]

UUUU sure is on fire, but now so are PMs :/

[Anonymous No.25244873]

[Anonymous No.25244885]

>>25244821
BHS has been posturing about being a producer but not actually producing for 3 years

[Anonymous No.25244892]

I CANT DECIDE WHAT TO HODL, GUISE

[Anonymous No.25244917]

>>25244701
Thanks for baking, I linked my dad to the article about the ore mill in Nevada, great info thanks man.

What do you think about this ICMJ publication? Worth getting a stack of back issues to learn from or is it shite?

[PAN MAN No.25244918]

>>25244858
that US strategic stockpiles not going to fill its self now is it. Fuck I wish we could prospect uranium in this province.

[Anonymous No.25244945]

WHY DIDNT I BUY ON THURSDAY

REEEEEE33333

[Anonymous No.25244963]

>>25244821

If silver goes to $800, which is its 1980 inflation-adjusted ATH, when the DGR went 1:1, and the GSR was at its normal, historic 1:15 level, then BHS can make hundreds of millions of dollars a-year, simply at current levels of production. In the 70s bull market, mining stocks often traded at 30x cash flow, so BHS might become worth $5 billion dollars or more (400x its current mcap) at the peak of the coming silver mania.

The main appeal of BHS is the silver mine, but they also own two highly promising gold properties, Brandywine (which is gold-silver) and Harrison, which can they continue to explore with their revenue.

[PAN MAN No.25244964]

>>25244917
HAY they still publish? Awesome I ll have to go have a look if they have an archive online. Yes they were very much a great read last time I saw them. Loads of handy info.

[Anonymous No.25245063]

>>25244885

I'm glad they didn't. Selling silver at $15 would have been a waste of the mine's precious resources. The people complaining about BHS are jaded old bagholders, who bought the top in 2016. BHS _will_ produce silver, it's only a matter of time. It's ridiculous to call it a scam company when so many respectable people are involved with it or support it. They have the permits, they have the ore-sorter, they have the videos to show production, they have the off-take purchase-order, and Bob Moriarty just re-affirmed his support for it.

[Anonymous No.25245160]

Fuck, I was gunna load up 5000 more shares of gayhorse this morning (As promised), only to find out the TSX is closed.. like damn these white-collar folks on Bay st. really need extra time to polish off their Rolex’s and shit lel.

More time for DD on LIO, NHK, GIS, IPT, TK, CNX, MTB, ABRA, NIM, PureGold, Pacifico etc.

Also uranium plays that I have to look into.

[Anonymous No.25245162]

>>25244964
PANMAN, do you know if Scottie Resources has more results coming?

[PAN MAN No.25245274]

>>25245162
Not sure yet, we will likely know in the new year. At the moment Stewart BC is getting buried in snow, so it might be a while until Scottie and even Ascot can get to work doing anything other than snow shoveling. This is normal though we just have to hurry up and wait.

That perfect mix of high elevation, plus coastal weather patterns and winter just kick exploration programs in the ass.

[Anonymous No.25245493]

[Anonymous No.25245583]

>>25244701
Hey /pmg/ kinda new to gold and silver and I want to buy a couple ounces of each soon as a treat for myself. The current gold prices are 2420 CAD, should i buy soon?

[Anonymous No.25245591]

>>25245063
Happy Monday, silver miner anon. Do you have a minute to share your thoughts on Arizona Silver Explorer? It looks like they're actually discussing gold much more than silver.

[Anonymous No.25245611]

I'm thinking extreme volitility this week. Cheers hoping it breaks to the upside.

[Anonymous No.25245630]

>>25245160
Now that's a list! I too have a big bunch of homework to do... About 150-200 or so companies in my backlog I believe. Will never do a full DD on all of them but I'll try to skim through them all eventually and dig deeper on the more promising ones.

[Anonymous No.25245664]

A stranger just filled my .105 nicola buy order for .081. Thanks stranger for the free 30%. What else should i buy? I have a bit more cash

[Anonymous No.25245701]

>>25245583
I would buy VERY soon, if I were you. Silvergoldbull and a LCS are your best bet for appropriate pricing.

[Anonymous No.25245790]

>>25244701
Is there any reason to choose buying 1oz silver Maples over 1oz Silver Britannias? I have had luck finding Britannias cheaper than Maples but I've heard some say that the Maples are more sought after and Britannias are harder to sell. Is this true at all?

I'm kind of avoiding silver eagles because they're so drastically over spot. Is that a bad idea?

[Anonymous No.25245825]

I'm interested investing into gold/silver ETF-s. What I'm worried is, that if the general stock market crashes, while the physical prices of gold and silver increase, can it also happen that the gold/silver ETFs crash or would they follow the price of physical gold/silver?
Don't be too mean for this stupid question pls

[Anonymous No.25245829]

So what are you guys loading up on when you can dump another 6000$ into your Roths next year? Tax free silver miner gainz

[Anonymous No.25245917]

>>25245591

Were you thinking of AZT? Only checking because it is easy to confuse the name with AZS, and I had brought up AZT in the last thread. AZS is appealing to me because of the 34% insider ownership, relatively low mcap, and competent management-team. They have some very good gold properties, but they have silver ones also. @Allan (the CEO of Advance Gold) really likes it: https://podcasts.apple.com/us/podcast/rocks-stocks-news-interview-mike-stark-from-arizona/id1527791019?i=1000500516927

The Ramsey Silver Project

"The 100% owned Ramsey Silver Project has historic high-grade production of 1370 gpt (~40 opt) Ag, with 41 existing 1960’s underground drill holes. The recent drill program was 18 for 18 on drill results on “ the Ramsey Mine target“, and all holes have hit a thick zone of “disseminated silver”. Silver mineralization is open-pittable at depths"

100% owned
drilling ongoing
a wide, thick disseminated silver zone to date
Intercepts up to 46 meters 304 gpt (8.87 opt) Ag"

"Arizona, U.S.A. 2 hours west of Phoenix on Interstate 10, Historic production of 1370 gpt (~40 opt) Ag, 41 existing 1960’s underground drill holes, Intercepts up to 46 meters 304 gpt (8.87 opt) Ag, Lead and zinc present but not assayed, Large untested adjacent geophysical anomaly, Huge upside potential for large deposit size"

https://arizonasilverexploration.com/

Obviously AZS is more of a gamble than some other other stocks, because it depends more on drilling. If you buy TK, for example, you simply invest in a proven resource which ought to up on the basis of value, and if you buy a producer then its income will inevitably go up with the price of silver. @goldpoet says of AZS that "If they continue to hit high grade, this is a $50-100m market cap stock."

[J&M 50oz stacker No.25245931]

>>25245630
Oh yea buddy, that’s not even the half of it.

Already have at least $250 in shares each of Klondike, Gayhorse, Silver One, Aurcana, CCW, DV, BLLG, BHLL.

I really need to start an excel sheet for all these lol.

Also here are some uranium micro-cap plays that a well-reasearched anon gave me yesterday: FIND, FSY, BNM, DYLLF

[Anonymous No.25245980]

>>25245825
>gold/silver ETF-s
those kinda suck man

[Anonymous No.25246036]

>>25245931
>uranium
whats the bull thesis for uranium? what do we use uranium for

[Anonymous No.25246073]

>>25245825

When the financial reset and systemic failure occur, you will get nothing from ETFs like GLD and SLV. They are "unallocated," which means that they give you a claim on the banks rather than on the bullion. You will either get nothing from them, or a cash settlement in worthless dollars, and the banks will keep whatever real bullion exists in them. If you want to hold gold or silver digitally, then buy it allocated on BullionVault, Kinesis, GoldMoney, or OneGold. You only have to pay a 0.50% fee, which is the same as buying crypto on Coinbase, but allocated metal is protected under common law, stands outside the banking system, and is legally in your name.

[Anonymous No.25246101]

>>25245931
But man... I'm in a total moral dilemma here. I promised my mother, who really is worried about me investing my money all of a sudden, that I would only put in money when I get my pay... And I already broke that promise last week by investing an extra 500 bucks as a Christmas gift for myself. Today TSX is closed but there are picks that will almost certainly boom hard tomorrow and I could have the chance to get some last minute cheapies... My conscience is beating me up here. Fuck I hate this

[Anonymous No.25246109]

>>25245825

When the financial reset and systemic failure occur, it will be extremely dangerous to be caught holding ETFs like GLD and SLV. They are "unallocated," which means that they give you a claim on the banks rather than on the bullion. You will either get nothing from them, or a cash settlement in worthless dollars, and the banks will keep whatever real bullion exists in them. If you want to hold gold or silver digitally, then buy it allocated on BullionVault, Kinesis, GoldMoney, or OneGold. You only have to pay a 0.50% fee, which is the same as buying crypto on Coinbase, but allocated metal is protected under common law, stands outside the banking system, and is legally in your name.

If you insist on buying ETFs, Sprott's "PHYS" and "PSLV" are considered the safest.

[Anonymous No.25246157]

>>25244764
>I love my grandma :)

As well you should, many people throw away or sell for cheap their inherited or gifted heirlooms.

>>25244858
>UUUU sure is on fire, but now so are PMs :/

I shoulda bought 100 of the $1 strike July 2021 calls instead of just 5 when it last dropped to 2.50. It's kinda frustrating to baghold PMs and their miners while normies pile into every other commodity first before eventually realizing that PMs are where it's at. Not really complaining but this is my first real rodeo and I'm surprised by the flows into retarded shit like BTC and TSLAA. I need to recalibrate and trade anticipated herd movements instead of position myself in the hedges with the smart people if I want phatter gainz.

[Anonymous No.25246299]

>>25246157
>normies pile into every other commodity first before eventually realizing that PMs are where it's at.

thats why we're loading up on miners NOW because when the normie FOMO comes prices are going way up and then we dump on them and buy physical gold w/ the profits.

[Anonymous No.25246337]

>>25246157
I for one am happy that I have time to accumulate since I don't have much money in the game to start off with

[Anonymous No.25246360]

>>25245917
Fireweed zinc CEO said he intend to be bought, not building a mine. Does Tinka intend the same ? didn't look into this compagny yet.

[Anonymous No.25246415]

>>25245917
No, I was looking for Arizona Silver, not Aztec. I remember you listed it along with BHS, MTB, and SSE as basically the last remaining microcap that were poised to explode. Since I already own the other three, I was looking at taking a position in Arizona Silver Explorer. I, like you, have come to realize the monumental opportunities that these microcaps afford investors who have the fortitude to buy them.

[Anonymous No.25246515]

>>25246109
Thanks for info!

Mining stocks (Pan American Silver, First Majestic Silver, Barrick Gold, Agnico-Eagle Mines) would also be a good choice?

[Anonymous No.25246586]

>>25244858
my Global Atomic are up 40% in one week
can't wait for this fucking meme economy to fall and commodities to rise so wind/solar power get phased out as the worthless, inefficient, stone-age, jungle tribe technology that it is

reality is calling and uranium stocks will make bitcoin returns look pathetic

[Anonymous No.25246648]

>>25246415
>MTB, and SSE
what are the full names of these 2?

[PAN MAN No.25246664]

>>25245583
get yourself an ounce of gold or a nice big silver ingot but its all up to you.
>>25245825
I personally would not go that route if things go south your holding them and its no good.
>>25246360
thats fairly standard for explorers, because actually planning to build and operate a mine is a massive undertaking. Its far easier to find a project site and upgrade it for the big boys to buy into than to build your own.

[Anonymous No.25246677]

>>25246157
None of my heirlooms of silver will be sold unless times are dire, in which circumstance I will sell my purchased bullion first. It’s all for the intention of passing on to my future children, who will have separate metals that have been inherited and those meant to protect them in hard times.

[J&M 50oz stacker No.25246691]

>>25246101
First off, discern whether or not this extra money you are going to pump into market is going to affect your relationship with your loved ones.

Like if you were to lose that $500 or $1000 or whatever, is it going to cause distress due to lack of funds for basic necessities such as food/rent? If so, I would probably hold off until that $500 or so becomes a smaller and smaller percentage of your expendable income I.e “play money”.

For me $250 is nothing, less then .001% of what i have in cash/stocks. I’m not trying to brag, I’m just giving some perspective. I was broke less than 6 years ago, but I grinded 7 days a week for a long time, machining, shoveling pig shit etc. Now I can throw $250 at some random miner like BHLL and not care about it, due to all that hard work I put in.

If you do decide to go ahead and put side “morals” or whatever, be sure to do your DD and have proper risk allocation. Maybe go for bigger names like AG instead of the moonshot tickers that might implode if a few guys on ceo.ca get salty about lack of drilling results etc.

With all that being said, I’m not an investment specialist nor a geologist, so YMMV. Good luck anon

[Anonymous No.25246695]

>>25246360

Buenaventura, the largest zinc-producer in Peru, bought a 20% stake in TK at the start of this year for 0.24 CAD. (Current price is 0.22 CAD despite the 40% increase in silver price, and corresponding increase in zinc.) It is widely thought that TK will sell themselves to Buenaventura. The two competing mines nearby have very little mine-life left.

>>25246415

Yes, these sub-$20 mcap silver explorers look a lot more appealing to me for than stuff like Vizsla or Blackrock Gold, which has already gone up so much. MTB, AZS, also AZT, SSE as a true microcap--for gold, GIS.

>>25246515

If you want to buy large-cap or mid-tier producers, like the ones you mentioned, there are index funds for it. They are GDX and GDXJ, SIL and SILJ. They will do very well in the coming bull market. The microcaps and junior mining companies will enormously better, but their leverage is both to the upside and the downside. If silver goes to $100, they go 100x, but if it crashes, they go to zero. It all depends on your level of tolerance for risk. If you are curious to see the stocks I am invested in, see picture. ceo.ca is the best website for doing research on mining stocks.

>>25246648

You can always put these abbreviations into ceo.ca to get the full names. MTB = Mountain Boy Minerals, SSE = Silver Spruce Resources.

[PAN MAN No.25246805]

>>25246695
>mountain boy minerals

Quick bit before I go get stuff done today, I really think mountain boy has something at their Surprise Creek prospect. newly exposed from glaciation and very interesting surface samples just itching to be gone over with a fine tooth comb but access is a massive headache. https://www.mountainboyminerals.ca/project/surprise-creek/
Also funny enough a group of guys hand panning found several 1 ounce nuggets in Surprise Creek draining from this prospect area.

[Anonymous No.25246919]

>>25246805

I really liked Mountain Boy Mineral's latest NR, where they announced added 9000 more hectares to their property. At 361 square km, they own 4x more land than Dolly Varden, even though their mcap is only 1/5th the size, and much of their land is a stone's-throw away from that of DV. So the stock seems like a really good bet to me.

[Anonymous No.25246949]

>>25244701
You are all idolaters, your coins have graven images on them. Discard your gold and silver now and repent to Jesus Christ, or He shall strike you down for the heathens you are.

[Anonymous No.25246956]

>>25246805

I really liked Mountain Boy Minerals' latest NR, where they announced adding 9000 more hectares to their property. At 361 square km, they own 4x more land than Dolly Varden (88 square km if I recall correctly), even though their mcap is only 1/5th the size of DV, and much of their land is a stone's-throw away from that of DV. So the stock seems like a really good bet to me.

[PAN MAN No.25247059]

>>25246956
only issue is their lands not continuous but thats not too big of an issue. I am sure they will prove up some good showings next season and partner with some of their neighbors.

[Anonymous No.25247157]

>>25246691
Thank you for helping me sort this out anon.
>discern whether or not this extra money you are going to pump into market is going to affect your relationship with your loved ones.
Pretty sure I'll at least cause a lot of distress and worry. Might have a little bit of a fight too but nothing permanent I'm sure
>is it going to cause distress due to lack of funds for basic necessities such as food/rent?
No I have some savings. It's just that I should be studying and saving up some money to get into a school, as I've planned. This investing stuff and the state of the economy have made me shift my concerns away from studying though, and I'm not so sure that I want to go to school just yet after all. There's also the issue of maintaining a net positive cash flow on my bank account so that I won't start investing beyond my means in the future. I have about 8k in the bank and only make about 2k a month (minus expenses)
>If you do decide to go ahead and put side “morals” or whatever, be sure to do your DD and have proper risk allocation
Oh I'm no stranger to miners and DD even though I've only invested for two months so far. I do extensive DD before investing and have a good understanding of the industry as well as the risks involved. I even made a pastebin in the OP for any other anons willing to learn about investing in miners. The main problem here is my moral compass I guess, whether I want to bend the knee on my promises and principles in order to make more money and not miss a good chance. It's actually a big dilemma for me, I've never gone through anything like this before.

Thank you for the good luck wishes. I'll have to think this over the night I think

[J&M 50oz stacker No.25247178]

>>25246036
As I’ve said in previous threads, I truly believe that Uranium price (and it’s correlated miners) will see a drastic appreciation as we enter into the next commodities super-cycle (Which is also posited by Goldman Sachs’ Jeff Currie [check out his interview on Macro Voices]).

I’m not a uranium aficionado, but I’ve been listening to people close to the industry since Sept. and got into Cameco at a now great looking entry.

Some people will argue that uranium is simply bought and hoarded by big time buyers to manipulate the spot price, others will point to the northern parts of the Canadian praries as a key area for nuclear development in the next 15-30 years, citing the lack of viability for other alternative power sources.

It’s mostly policial headwinds at this point. Once the boomers are the minority voting bloc, gen x politicians will be more likely to introduce new incentives and cut existing red tape that has hindered uranium prices thus far.

[Anonymous No.25247201]

>>25244701
My patience is growing thin with you lot of filthy idolators. You have until the Sabbath to discard each and every last one of your trinkets with graven images upon it. If you do not, the lord Jesus Christ has commanded me to enter your pagan temples and strike you down myself. Heed my warning, your life and soul both depend on it

[Anonymous No.25247278]

For those who missed this in the last thread: Michael Saylor, the main Bitcoin guru, just showed that he doesn't have even the most rudimentary idea of how bonds work. So /pmg/ is more financially educated than this alleged billionaire genius.

https://twitter.com/theta124/status/1343200269891465217

"Deleted by michael_saylor. No repercussions, no admission of misunderstanding, a mistake or wrongdoing."

[Anonymous No.25247307]

>>25246695
No Metallic Minerals in your portfolio?

[Anonymous No.25247390]

It's Happened! I'm in the green on Bayhorse! (first time in 3 months)

[Anonymous No.25247463]

>>25247278
For those who missed it, MicroStrategy is still up 17.25% today despite these pajeet attempting to FUD saylor.

[Anonymous No.25247467]

>>25247307

Other stocks simply look more appealing to me than MMG. I know that MMG has a lot of potential and will do very well, I simply prefer to concentrate myself in positions which I think have the most leverage to the upside. For a $90 million mcap I'd either rather buy ELO, or a cheaper explorer like AZS or MTB, or a deeply undervalued stock like NIM, TK, BHS.

[Anonymous No.25247550]

>>25244715
I miss Bill so much bros...

[Anonymous No.25247582]

>>25246299
>when the normie FOMO comes prices are going way up and then we dump on them and buy physical gold w/ the profits.

>>25246337
>I for one am happy that I have time to accumulate since I don't have much money in the game to start off with

Not FUDding PMs or miners at all, I've done really well this year, but as a proud troglodyte who never touched anything but physical until the March flash crash I've been continuously astonished by the irrationality of the markets. My macro instincts are good and directed me into cheap miners and calls in March but I have no relevant direct or normie market experience to draw from so am having a hard time wrapping my head around what's going on. The markets look absolutely insane so either I'm a retard or the herd is retarded and following Judas goats to the eventual slaughter. Maybe both. Instinct tells me to keep stacking Silver and miners but until the bubble bursts and the commodities blast off so I'll keep wallowing in a strange headspace until then I guess. I hope you all get positioned well and enjoy the ride, I'm getting more scrap sterling with my gains but 1500:1 is pretty silly so buying more cheap gold scrap is probably wise.

[Anonymous No.25247609]

>>25247278
This scam artist is only a billionaire because of the dotcom bubble. He understands the greater fool theory very well. Then he disappeared when the dotcom bubble popped. No one even mentions his name for the past 20 years, until recently.

/pmg/ understands bonds because gold is related to real yields.

[Anonymous No.25247669]

>>25246949
>>25247201
Wiener

[Anonymous No.25247741]

>>25247669
>Wiener
This is truly the best response

[Anonymous No.25247812]

>>25247157
>It's just that I should be studying and saving up some money to get into a school
If you had planned to go to school and learn something actually useful, then that is the best investment you can possibly make and it is an investment that is practically guaranteed to pay off so long as you do a good job in school. I would ignore all the alarmist talk about a currency crisis; it's just not going to happen and most certainly not within the next few years.

[Anonymous No.25247815]

>these fucking guys somehow are -15% on a day where silver is +2.5%

not sure if i should liquidate these fools or what

[Anonymous No.25247935]

>>25247815
Today's market is weird af, pure rollerclownster.

[Anonymous No.25247968]

>>25247201
My collection is a pagan Pantheon, come at me bro and add a few rounds of my machined copper Underwood to your brainstack.

[Anonymous No.25248168]

>>25247609
What has been conveniently forgotten is that Saylor used questionable accounting gimmicks (Saylor said that there were a lot of "levers" he could pull to drive the stock price) during the dot-com bubble to juice the price of MicroStrategy stock. They were eventually called out and the stock took a serious pummelling. Saylor is a very smart person and he MicroStrategy is still in business today so he's a reasonably good businessman. However, none of that means anything when it comes to speculation as even all-time intellectual giants such as Isaac Newton lost their asses speculating. If Saylor somehow profits from this move, I suspect it'll be more due to luck than anything else. If the bet goes bad, MicroStrategy will likely survive since they're not using debt to buy Bitcoin but Saylor could find himself out of a job for being so reckless with the company's capital.

[Anonymous No.25248180]

>>25247467
You mentioned Tinka may be sold to a larger mining company. Is this a positive or negative thing for returns on investment? I know that is a dumb question...

[Anonymous No.25248270]

Whats the play on HUSIF(Nicola)? Why would it go up? I've heard something about its strategic mill location, but I'm not sure

[Anonymous No.25248386]

The horse is ready to ride!

[Anonymous No.25248434]

>>25248180

A person will make far more money on an company if it can develop a resource and build a mine itself. (Hence why BHS is so appealing to me.) But even so, if a company does get a buy-out, the stock price will run up considerably. Cf. what Don Durrett says about Discovery Metals:

"I want you to know of the potential returns that could occur during this bull market run. Here is an example. Discovery Metals has one of the largest low-grade silver projects in the world in Mexico. For simplicity's sake I am going to state their resources at 1 billion oz. (they have more).

Discovery Metals needs about $30 silver to even consider going into production. For this reason, investors have ignored this stock for years because no one believed that we would ever see $30 silver. I bought it at 25 cents a few years ago and waited. Currently, it's at $1.73 ($570 million market cap). Now it's heading to $10 or higher, as long as silver prices trend higher.

Discovery doesn't even need to drill another hole (although they will because that's what they do). They could just sit and wait for silver to reach $100. How much do you think they would be worth? Well, let's use a conservative number of $5 per oz. (which I think is a fair number at $100 silver for their low-grade). At $5 per oz., they would be worth $5 billion using our 1 billion oz. resource estimate.

If Discovery Metals was smart, they would start forming a team to build and operate the mine. They could be the most valuable mining company in the world, with only one mine. Amazing. The sad news for investors is that this never happens. Instead, the board and management team of Discovery will pinch themselves and then sell out shareholders for a small premium to a major. Wait for it.

So, yeah, investing in Discovery could be incredibly lucrative if silver reaches $100. However, the odds favor Discovery selling out long before $100 silver. For this reason, returns could be perhaps 3x instead of a moonshot."

[Anonymous No.25248654]

>>25248270

First of all, one point of attraction is that no hype is priced into Nicola Mining. They do no advertising, the ceo.ca chat is empty, Stockhouse is empty.

Secondly, they have 100% ownership "of a modern (2012) gold / silver mill facility in British Columbia, with a fully-lined tailings facility that has had $32M invested in it, and is the only mill in B. C. permitted to process feedstock material from anywhere in the province." Having a permitted mill is invaluable, as so many other companies have shown, which collapsed simply because they can't get into production (see what happened to Almaden recently, or NAK). The current mcap of Nicola Mining is $32 million dollars, so the company is so undervalued that their properties are not being valued at anything--you are paying only for the mill.

Thirdly, NIM has 100% ownership of Craigmont, the highest-grade copper mine in North American history, which only closed because of low copper prices, not mine depletion;

Fourthly, 100% ownership of the high-grade Treasure Mountain silver project, with 5 million ounces. "Some of the best historic soil samples range from 2,250 to 9,221 g/t silver (72.3 to 296.5 ozs./tonne)."

Fifthly, 75% interest in the Dominion Creek gold project. "In the early 1990s, Noranda Exploration drilled 53 holes, totaling 3,484 meters (average depth ~66m). Results included 18 intercepts of 1 to 10 meters in thickness, with grades ranging from 4 to 40 (g/t) gold. There are two clear mineralized areas that include a small bulk sample pit and a mineralized outcrop containing multiple distinctive veins. As impressive as the historical drill results are, even better might be the much more recent surface samples. As can be seen below, 23 select samples from July averaged 61.3 g/t gold. That’s ~2.0 ounces. The top five averaged 113.3 g/t gold (~3.6 ounces). These blockbuster grades are quite impressive, rarely seen anywhere in the world."

The CEO also seems to be intelligent and methodical.

[Anonymous No.25248853]

>>25248434
Thank you, I have seen this quote and its very interesting. The only problem I have is, what evidence does he have that Discovery would probably sell out before silver gets to $100? Is he just basing that on historical precedent from other miners doing similar things in the past? I hold Discovery as my "large cap" and the potential is exciting, but a 3x increase is definitely not at all what I'm looking for.

[Anonymous No.25248909]

Should I DCA down on these fools, hold, or liquidate?

I've got like 15 miners and these retards are the only one negative overall for me

[Anonymous No.25249031]

>>25248853

He has decades of experience in the mining industry, so must simply be basing his opinion on what he has seen before. He might simply be jaded; Sprott is heavily invested in DSV, and is very enthusiastic about it, so who knows what will happen in the end. At least if the company does get a buyout, the shares can be liquidated, and the profits put to work elsewhere.

>>25248909

Do you know what the cash flow of Santacruz is, and at what times cash flow the mcap is trading for? The resources in the ground? The cost to produce an ounce? How many ounces they produce each year? How rising silver prices would change their future cash flow? Do you know if the management is thought to be competent? Do you know if there are any problems with the locals or the mine? If you can't answer these questions, then you didn't do enough research, and that lack of research is what risks shaking you out of the stock. (I don't own SCZ simply because I generally don't buy producers.)

[Anonymous No.25249196]

Anyone else get their 2020 tits ?

[Anonymous No.25249246]

>>25249196
not for 40 god damn dollars

[Anonymous No.25249320]

>>25249196
The pube stacker has returned!

[Anonymous No.25249353]

>>25244701
Jannies banned me for posting in a SNEED thread

[Anonymous No.25249357]

>>25249246
yea...pre-sales went quick. got mine for $31 in early november

[Anonymous No.25249412]

>>25249196
>pubes not caked in ball sweat
this is how I know you dont lift

[Anonymous No.25249424]

>>25244701
Jannie faggots banned me for posting SNEED

[Anonymous No.25249530]

>>25249196

Not yet, but if I do I'll take my tiddies unsullied by based pubeposter's keratinaceous freebies. Haven't noticed you around lately, how was Christmas? I hope you didn't need to clean the floor of the curly carpet you've been stacking up for the sake of any uninitiated visitors.

[Anonymous No.25249672]

>>25249424
>Jannie faggots banned me for posting SNEED

Jannies have no time for rummaging around the Sneed & Feed when you should be on your hands and knees doing Chuck's job like a proper Thai ladyboi.

[Anonymous No.25249706]

>>25248654
There has to be something else to the story here. I've read this multiple times and am not understanding how this isn't a 150m market cap company.

[Anonymous No.25249803]

>>25249357
woof, yeah i missed those. its the only 2020 coin nationality im missing tho

[Anonymous No.25249846]

>>25245790
different premiums on different mints, but Britannia 2021 looks dope as fuck and 1oz is 1oz.

[Anonymous No.25249913]

>>25249412
>under-carriage pubes
>top-carriage pubes
completely different animals anon
>>25249530
they're really nice, definitely worth the wait. im glad i got some.
Christmas was great, how was yours? I actually did some vacuuming yesterday since i couldn't delineate the tan carpet from the black pubes. quite nice now.

[Anonymous No.25250178]

>>25247935
>Today's market is weird af, pure rollerclownster.
>>25249196
>Anyone else get their 2020 tits ?
Mine are cooming but usps is being slow

[Anonymous No.25250212]

>>25249803
>woof, yeah i missed those. its the only 2020 coin nationality im missing tho
Get one anon even if it's +50% premium

[Anonymous No.25250309]

>>25249913
>Christmas was great, how was yours? I actually did some vacuuming yesterday since i couldn't delineate the tan carpet from the black pubes. quite nice now.

Thar be black gold in your vacuum's catchment fren. Pretty quiet Christmas here, my waifu gave me this from her stack because I like vintage bullion (she bought me a kilo ingot for my birthday a few years ago too, good woman) and I got about 350 to put in miners and scrap from my ancient grandparents.

[Anonymous No.25250323]

>>25249196
I only picked up 1 when they were $30.30 on Pre-sale from Monument. Motherfucker should have bought a tube.

[Anonymous No.25250496]

>>25250212
fuck it

[Anonymous No.25250721]

[Anonymous No.25250723]

>>25250496
Yeah if you're only collecting 1 then don't go too crazy worrying about the price. If you're trying to heavily stack with them then consider cheaper alternatives. If I just wanted one 1oz coin for a collection I wouldn't mind spending $15 over. At the end of the day you at worst waste what, $10?

[Anonymous No.25250891]

>>25249913
>under-carriage pubes
>top-carriage pubes
I misjudged you.

[Anonymous No.25250912]

>>25248168
They're not using debt to buy Bitcoin?

[Anonymous No.25250913]

Found these unused discontinued Carmex products while cleaning up the linen closet. Waifu got them for free years ago back when I regularly raided recycling dumpsters for "coupon inserts" for her to cut up and do her own version of "extreme couponing". Women who instinctively like stretching a dollar are keepers btw.

These retarded discontinued things are worth an easy $200+ on eBay now because they actually worked really well and are in high demand. The ointment is especially good, I use an already open tub in winter when my hands get fugged shoveling snow in the dry air here, nothing else heals cracked knuckles like it. Gonna sell today and buy even more scrap and microcaps. If you ever see them cheap buy and resell to grow your stacks.

[Anonymous No.25250984]

>>25250309
Right on, glad to hear. That's an awesome bar anon, you're lucky for sure. Those US assay office pieces are real nice i've always wanted some
What miners are ya buyin?

[Anonymous No.25251010]

>>25250723
yeah and ive always wanted some of those 2oz chunkies too. oh well, ill take it out of my stimulus

[Anonymous No.25251013]

>>25244701
kino ore deposit

[Anonymous No.25251063]

>>25251010
I'm still considering what to get with my stimulus. $600 gets me roughly a tube of 2020 Eagles, which is a safe choice.

[Anonymous No.25251095]

>>25248909
>>25247815
>>25247935

aaaaand we're back. at least for now

[Anonymous No.25251193]

>>25251063
i thought it was 2000?

[Anonymous No.25251224]

>>25251193
https://www.zerohedge.com/political/trump-signs-covid-19-relief-bill-600-checks-asks-congress-approve-increase-later

[Anonymous No.25251381]

>>25250984
>What miners are ya buyin

Probably adding to my Blue Lagoon position and getting my foot in the door of Butthorse and Mountain boy. Studying my options in the Uranium sector but most have ran up lately, hoping for a broad market pullback to get more.

[Anonymous No.25251479]

Just started on my PM journey. On Xmas Eve I bought myself a nice silver round, four 1oz bars, two 5oz bars, and a 10 oz bar. Should I dip back into more silver, or diversify with some gold? I trust in silvers potential more than gold but I'm thinking it can't hurt to buy at least 1oz of gold.

[Anonymous No.25251553]

Speaking of Tinka, why is it down nearly 16%

[Anonymous No.25251560]

>>25251224
were never getting that increase money

[Anonymous No.25251643]

>>25251479
Get some kind of diversification at the very least; get familiar with Gold. Silver's fine and all, but it's only a complement to Gold at the end of the dat.

[Anonymous No.25251785]

>>25251560
Well, look on the bright side. They'll probably lose Georgia and then spend like crazy. It's not like there's any escape anyway.

[Anonymous No.25251828]

>>25244701
>https://pastebin.pl/view/fddd4572
404 Page Not Found

What's up with this? Where's the right link?

[Anonymous No.25251841]

>>25251785
oh i dont care in the slightest about the paper. i was considering a 2021 AGE before design end. just want my guns left alone (at the bottom of that lake)

[Anonymous No.25251897]

>>25251381
Nice, blue lagoon and mountain boy look good. too bad i cant be bothered to buy things that aren't on robinhood.
URA has done great, 50% up since late november. would be nice to see a pullback
>>25251193
you know what happened to the guy named thought? he shit himself

[Anonymous No.25251932]

>>25251643
Thanks that's what I figured. Can't hurt to get at least an ounce. Better than having my money rot away in savings.

[Anonymous No.25251996]

>>25251553

TK is up 20% in Frankfurt.

[Anonymous No.25252023]

>>25251553
That large % is not a huge move for a low volume penny stock of that price

[Anonymous No.25252322]

>>25251932
Excatly. If anything, see Gold as your savings account and Silver as your investment account; it's essentially how they work in practical terms.

[Anonymous No.25252348]

>>25251828
>>https://pastebin.pl/view/fddd4572
>404 Page Not Found
>What's up with this? Where's the right link?

thats weird i just had it up an hour ago. i saved the copy + paste of all the content tho just in case

[Anonymous No.25252357]

Is this how to do it?

[Anonymous No.25252620]

>>25252322
>see Gold as your savings account and Silver as your investment account
Never thought of it that way, thanks anon

[Anonymous No.25253058]

>>25250912
Wow. When I first read about MSTR's foray into Bitcoin, it was the company putting its cash hoard into Bitcoin to avoid losing purchasing power. I cannot believe Saylor is doubling down by issuing debt to buy more. Still, 0.75% is very low so maybe the company won't get hurt if Bitcoin crashes again.

[Anonymous No.25253059]

PAN MAN any thoughts on Sego? noticing they are right next to copper mountain

[Anonymous No.25253070]

Seems that we weren't imagining something when we pointed out that the P. E. ratios of these miners are completely ridiculous (like 8 for Kinross):

"Gold miners are about as cheap in relative terms as they have been in 20 years, according to Andrew Garthwaite, a global strategist at Credit Suisse Group."

https://twitter.com/aspentrading10/status/1343202565937393664

[Anonymous No.25253099]

>>25251897
I think blue lagoon and Nicola mining are going to be the biggest plays of the year. Blue lagoon actually contracts out to Nicola to use their mill.

[Anonymous No.25253127]

>>25253070
is a p/e of 8 high? Is that high for a company like kinross? what does this mean?

[Anonymous No.25253243]

>>25253127

A 15 P. E. ratio is considered fair, by historical standards. Lower means better, higher means worse. Most of the popular stocks nowadays are vastly overvalued. Amazon, for example, has a P. E. ratio of 90, Tesla of _1300_. A P. E. ratio of 8 is extremely good. What makes it even better is that, owing to the financial environment in which we live, gold and silver are definitely going to keep going up, so we know that the fundamentals for these companies can only improve.

[Anonymous No.25253247]

[Anonymous No.25253249]

What platform are you investing in?
I'm interested into buying Forsys Metals, Deep Yellow, Bayhorse, Silver Nicola Mining etc.. but they are not avaiable on Trading212

[Anonymous No.25253256]

>>25253127
>is a p/e of 8 high? Is that high for a company like kinross? what does this mean?
About in line with a sanely priced company in historical non clown market terms. Not 1000:1 like we're seeing in a bunch of the tech-darlings of today

[Anonymous No.25253268]

Is it possible to invest in Gold refiners or are none of them publicly traded?

[Anonymous No.25253290]

>>25252357
nothing wrong with +23%, you're beating a lot of pros fren

[Anonymous No.25253367]

>>25253249
I use fidelity and all of those OTC stocks are 0$ fees

>picrel

[Anonymous No.25253381]

https://youtu.be/-QhNDk9U-i8

Does this guy speak the truth? Is silver not worth buying compared to gold?

[Anonymous No.25253386]

>>25251560
the good side is PM not pumping too fast. Hopefully ! Don't have position everywhere yet.
>>25253070
Wanted to ask you a question if you don't mind. Let's say someone has a small portfolio of 15 or whatever it is with small amount of money available per month. Is it better to get a toe in everyone of those stocks at once, like say 100-200$, to get exposure to every move they will make. Or is it worth the opportunity cost and investing big amount in a stock one by one every month ?

[Anonymous No.25253387]

>>25253099

Every one of the dots in this picture is a junior gold mining company in British Columbia, with a gold deposit greater in size than 50,000 ounces. Nicola Mining is the only mill in this _entire area_.

[Anonymous No.25253391]

Klondike Silver is dropping like a rock right now.

[Anonymous No.25253443]

>>25253290

>babe... what are you doing in this abandoned building in your underwear
>what did i tell you about making silly tiktok videos of yourself
>i'm reducing your monthly silver allowance by 50% this month for disobeying me

[Anonymous No.25253473]

>>25253381
Nice fud

[Anonymous No.25253484]

>>25253367
Sadly it's not available for my shittty supported country (Slovenia)

[Anonymous No.25253491]

>>25253387

Damn i only put 550$ into Nicola so far. Guess I'll be doubling up soon

[PAN MAN No.25253520]

>>25253059
not sure about this one to be honest, I looked at them not too long ago. I ll get back to you on this one later in the day I am busy at the moment.
>>25253387
yep currently Nicola's mill is only one of two in the Province setup for contract milling, and theirs is the larger of the two, also better equipped for different metallic ores than the other one located at Greenwood.

[Anonymous No.25253548]

>>25253391

KS was thriving in Frankfurt today and the ask was always 0.15 euros. No idea what you're looking at.

[Anonymous No.25253791]

>>25247390
I'm on etrade and KXPLF's volume is 100, basically impossible to trade. What platform are you using?

[Anonymous No.25253795]

>>25253386

There is always a certain amount of risk involved in junior mining stocks, so you never want to go all in on one stock. No one stock should exceed 20% of your portfolio. That especially applies to drilling companies without a proven undervalued resource. But essentially, the question which you always want to keep asking yourself is, "Where is my money most likely to be successful." Keep doing research and finding the companies which you believe most, and put money into those companies. Throwing money around simply for the sake of diversification is a consequence of ignorance. A few months ago, I put 10% of my portfolio in Klondike and 10% in Vangold. Some people would call that irresponsible, but I had done enough research into the companies to feel sure about my choices. I didn't see any stocks which were better, so I concentrated my portfolio on them. I'll have done far better from that decision than would have been the case had I put 1% in 20 different companies. You don't want to go all in on one or two companies, because a freak accident can happen even to the best company. But you want to find the projects which you really believe in, and then bet on them considerably from a position of rational confidence.

[Anonymous No.25253912]

Another question about buying physical, it seems like when you buy from online dealers you end up losing a lot of value. After card fees and taxes it seems like I'm paying well over the acceptable threshold of the spot. Is this a normal part of the system or are there workarounds?

[Anonymous No.25253954]

>>25253387
Do you think that the value of this mill offsets the fact that they have a small silver deposit?

[Anonymous No.25253969]

>>25253912
>taxes
where do you live lmao

[Anonymous No.25253992]

>>25251828
Works for me.

[Anonymous No.25254155]

>>25253520
>Better equppied for different metallic ores

Which is why they work with Blue lagoon. Those are copper heavy deposits. Nicola primely focuses on copper. I think It's a great play personally. It's a copper play, a mill play. Only thing is that nicolas financials are dog shit, that's where the risk comes from on this one.

[Anonymous No.25254172]

$MNXXF

[Anonymous No.25254341]

>>25254155
Does Nicola have stable cash flow thanks to their mill? Any operating mines nearby that actively use the mill? This would help out with the bad balance sheet

[Anonymous No.25254392]

>>25253520
all good. You are a serious national treasure to all these threads

[Anonymous No.25254523]

>>25254172

[J&M 50oz stacker No.25254597]

Just signed up for ceo.ca. It was like $5. I just think it’s a great resource for a lot of SEDI and SEDAR filings, and you get a good feel for the room with a lot of these slept-on miners we discuss here.

Also came across mining.com when doing some DD on ESK.. does anyone think it’s a decent website? I just signed up for their newsletter hoping for better insights.

[Anonymous No.25254612]

>>25253954

Exploration can always find more ounces. The predecessor to Nicola Mining was actually called Huldra Silver. Treasure Mountain is 31 square km, and the grades are really good. "Average grades, to date, of the 43 samples over the mined width are 911 g/tonne Ag, 5.62% Zn, 3.35% Mn, 6.75% Pb." The really important thing is that the mine is fully permitted, as is the mill. Almaden Minerals, which has a market cap 1/3rd that of Aurcana, is capable of producing _15 million_ AgEq ounces _per annum_. But the share price collapsed recently because of the opposition of the law-courts and the locals. NAK has as much silver as DSV has, but again, it didn't matter when their permit was denied.

[Anonymous No.25254685]

>>25254597
Nice! Smart choice anon, you get a lot of smart discussion around there, with the added bonus of not having to deal with people asking to be spoonfed or sperging out over unrelated things. Sometimes you even get a company's IR guy or CEO joining the discussion. As for mining.com, it's in the OP, should be a good site. Also try juniorminingnetwork.com, that's a good news source too

[Anonymous No.25254692]

Bayhorse moon shot we have lift off

[Anonymous No.25254741]

>>25254341
I think that's the only thing they have going for them in terms of financials is that they have a very high cashflow but this is only what the CEO claims and not based on my personal DD. So yeah, dogshit financials but they have cash flow.

[Anonymous No.25254755]

bump

[Anonymous No.25254782]

>>25254692
wake me up when it breaks twelve. Fuck that company

[Anonymous No.25254787]

>>25254741
>very high cashflow but this is only what the CEO claims and not based on my personal DD
anon, I...
I'll do the work for you just this once

[Anonymous No.25254869]

>>25253791
>I'm on etrade and KXPLF's volume is 100, basically impossible to trade. What platform are you using?

yeah this is a problem with these microcap ones. sometimes you gota set a limit buy thats good til' cancelled and wait for someone to fill the order. I've had this problem with like 5 miner stocks so it may take a few trading days before you're able to get in and you may have to pay a little more than you wanted since there's 0 volume

its not like the normie stocks where orders are filled ASAP most of the time

[Anonymous No.25254906]

who's baking?

[Anonymous No.25254920]

>>25254782

dam bro when did you buy into Bayhorse and what was your price point?

[Anonymous No.25254933]

>>25254787
I'm still having trouble reading and understanding financial reports. I also looked through them a while ago..

[J&M 50oz stacker No.25254954]

>>25254685
Yea funny you mention juniorminingnetwork.com, I just stumbled upon it and saw an article about a new HighGold ($HIGH.V) discovery near Timmins. I’ve never heard of that company on PMG, so there’s a perfect example as to why it’s essential to branch out and cast nets elsewhere to see what we can find!

[Anonymous No.25254956]

>>25254906
We're barely halfway to the bump
limit, we shouldn't need to bake anytime soon.

[Anonymous No.25254966]

>>25254906
we're like 1/2 way through this thread... no reason to bake yet

[Anonymous No.25254969]

>>25254920
12 cents. 1000 shares. lost 600 dollars.

[Anonymous No.25255011]

>>25254969
The August bayhorse shill was a killer. many pmg brethren are bag holders

[Anonymous No.25255036]

recent addition to the stack, monarch precious metals poured bars

[Anonymous No.25255085]

>>25254755
oooohhhh no!
there goes Tokyo!

[Anonymous No.25255114]

>>25254969
>>25255011

So you panic sold at .06 and lost 50%? Sounds like you were just too early and couldve waited

i'm in at .08/sh and up 31% as it stands today, of course it can fluctuate widly. i'm only in for 500$ though. speculative plays get the lowest funding

[Anonymous No.25255129]

>>25254741
>>25254741

Nicola Mining and the present CEO took over a previous company which had gone into creditor protection (Huldra Silver).

[Anonymous No.25255163]

>ABAXX
Thank you anon, let's see how this rolls.

[Anonymous No.25255176]

>>25249846
Good to know. I honestly just went ahead and ordered them because they looked cooler.

[Anonymous No.25255253]

Alright, y'all. I've about had it with Monument Metals! First, I'm the anon who got shorted one dime out of a $5 roll of Mercs (still never sent a replacement, btw). Now! My black friday order finally arrives, and should only have 8oz in the box: 5 2020 Britannias, and 3 Asahi weeb-rounds. Well, box looks perfect before I open it, but it only had the 3 Asahis and 4 Brits. Someone even initialed the order slip by all the numbers, as if everything was accounted for. Called them immediately and this time spoke with a "John" who *assured* me the single missing Brit is going out UPS tomorrow. But, fucking seriously, how hard is it to count to 5??? I'm likely done ordering through them for good. I get shorted 2 orders in a row, on small qty orders no less, and the first was never even addressed?? Fuck them!

[Anonymous No.25255351]

>>25255036
those Monarchs are good lookin bars

[Anonymous No.25255354]

>>25254692

@BlackHawk 6 hours ago:

"You guys in Canada are missing all of the fun. Moriarty selects $LIO as one of his picks for the stock picking contest and then he talks about it in his interview with Goldfinger and viola it is up 15.38% here in the US today. Who says Moriarty can't move a stock - LOL."

Bayhorse next. I mentioned Moriarty's endorsement here. >>25244821

[Anonymous No.25255361]

>>25255253
hey fuck you too

Best,
John

[Anonymous No.25255512]

>>25255354
Look thats all fine and dandy for LIO and BHS but we're not looking for a quick stock pump. I need these motherfuckers to actually strike some fucking gold in the literal sense of the word

[Anonymous No.25255572]

>>25255011
I bought 5000 in August @.12
luckily, bought another 5000 last week @.078 so now up 63 bucks and ready for the ride to $1

[Anonymous No.25255595]

https://youtu.be/EPWP_24vd2g

[Anonymous No.25255633]

>>25253954
>>25254612

I think that 5 million silver ounces for Nicola Mining might be outdated information from 2009? This is a technical report from 2012:

https://nicolamining.com/wp-content/uploads/2019/04/Huldra_Silver_2012_Tecnical_Report_43_101.pdf

At a glance, I count 6 million ounces indicated, 24 million ounces inferred. 30 million ounces.

>>25255512

Moriarty doesn't pump stocks, simply calls attention to fundamental value. He bought Dolly Varden on the 3rd of March at 0.28 CAD (current price: 0.88 CAD).

http://www.321gold.com/editorials/moriarty/moriarty030320.html

Eloro Resources at 0.80 CAD (current price: 1.73 CAD).

http://www.321gold.com/editorials/moriarty/moriarty062920.html

Irving Resources at 0.83 CAD (current price: 2.18 CAD).

http://www.321gold.com/editorials/moriarty/moriarty062920.html

[Anonymous No.25255640]

>>25255572
>I bought 5000 in August @.12
>luckily, bought another 5000 last week @.078 so now up 63 bucks and ready for the ride to $1

yep the old double-up strategy

[Anonymous No.25255667]

>>25255114
I've defended this time and time again and I grow tired of it. When I purchased BHS it was a solid stock with lots of potential. The company enacted a series of shitty manuevers afterward whcih crashed the value. Their "chip samples" they tried to pass off as bonanza grade, their purchase of gold property. At the time of my purchase it was a solid stock and the actions of the company caused it to dump.

I did my DD. At the time I invested it was solid. The company crashed it. I will never invest with them again.

[Anonymous No.25255669]

>>25255633

so LIO and BHS are his 2 new favorite pets right now? I'm already in BHS but I guess I'll check out LIO too. Any others?

[Anonymous No.25255726]

>>25255361
Lol the funny thing is that Sawyers probably cruises this thread. I told him about this thread when I ordered in august. I don't have any problems with them other than I wish they would give coin case protectors on my orders.

[Anonymous No.25255807]

>>25255669

His username on ceo.ca is @fingerprint42, his website is 321gold.com. He also has interviews all over Youtube. Very honest and intelligent man, who understands what is going on in the world right now. He likes BHS, BLLG, IRV, DV, ELO.

[Anonymous No.25255865]

>>25255667

Damn bro, sorry that happened to you. Thank you for the information

[Anonymous No.25255939]

>>25255726
their marketing team is by far the most active online

[Anonymous No.25256198]

>>25254741
>>25254787
>>25254933
Right so "dogshit financials" is pretty much correct... not a great 10% interest on that remaining >$6.7M loan, damn. At least they're capable of paying and aren't at a risk of dilution right now but that is not a a great loan. It's also a convertible debenture type, meaning the company can choose to issue stocks as payment instead of paying with cash, which is something the company has been doing rather actively -- meaning diluting the stock a lot in the long term (unless they secure a big PP and just pay all their debts away like Defiance did a while ago but that's a bit unlikely with a microcap). If you would convert all this debenture to stocks right now at current prices, the company would have to issue about 53.8M shares! Add warrants to the mix and the fully diluted shares are ~328.5M, meaning the possible dilution percentage could be as high as 29%.

As for cash flow, the company doesn't seem to get any cash flow from the mill, although there was one entry in the cash flow statement called "Gravel and other income". Most of the cashflow comes from the underlined share dilutions which are what keeps the company alive (pic related). The company is in an awful financial state, frankly speaking. They must get their operations going and they must be successful. There is no room for failure here it seems. Tread carefully with Nicola, anons. GLTA.
>>25254954
Definitely smart to look for things yourself. I have made most of my stock picks alone, most of the companies I own aren't owned by anons here. Funny you mention finding a promising company at Timmins, I too found a great one called Moneta Porcupine and just managed to get on board at C$0.20 immediately after a huge >200% resource estimate increase. Still a great buy at current prices, look into it if you want to.

[Anonymous No.25256366]

>>25255669
Lion One is great. Definitely check them out. Probably my favorite long term gold play. They'll be doing a lot of big moves next year if they manage to get some good hits with their new UG rigs. Definitely slept upon over here at /pmg/. Bought some at 1.50 a few months back and with the current prices I'll have to buy more, what an absolute steal.

[Anonymous No.25256417]

>>25251224
ad they were able to spend that 900 billion "covid relief" on foriegn aid and cronyism. i sure feel better now knowing they're focusing on whats important
that 40 million dollar gender program in the middle east is really going to fix our problems.

[Anonymous No.25256440]

>>25256198

Would just add to this that, in the middle of 2015, Nicola Mining took over from the predecessor company, Huldra Silver, which had gone into creditor protection. The share price remains higher than it was then, and Peter Epstig, the current CEO, had nothing to do with what happened under Huldra. You can read about the legacy debt structure here:

https://www.miningfeeds.com/2015/11/10/nicola-mining-51-mm-invested-in-4-assets-market-cap-6-mm-cash-flow-next-year/

[Anonymous No.25256582]

>>25256440
If they can manage to score some good hits and get the share price up, they'll be able to get rid of some of that debenture without having to issue as many shares. But more importantly they need to recommence their mill to establish actual cash flow. Right now they seem to be sparing their cash for exploration activities and paying off the debt with share issuances. This company's fate relies on getting the mill working as well as getting some consistent hits at their properties. I'm not sure this is something I would want to invest in. Scary stuff if you ask me.

[Anonymous No.25256618]

>>25244701
Why the fuck are Mexican coins so expensive?

[Anonymous No.25256647]

>>25256618
high demand low supply?

[Anonymous No.25256658]

>>25256618
Kino premium

[Anonymous No.25256677]

>>25256618
They have titties.

[Anonymous No.25256746]

>>25256582

Isn't different from any other leveraged junior silver stock, really. All of them will collapse to zero if this doesn't turn out to be a real bull market. Dolly Varden and Impact have a lot of cash and no debt, but they would lose 5/6ths of their value in the blink of an eye if we went back to $15 silver. Treasure Mountain is fully permitted as a mine, with 30 millions of ounces of silver >>25255633, the mill is fully permitted and upgraded. CEO strikes me as somebody who will get things done.

[Anonymous No.25256793]

24k handmade chain

https://youtu.be/tXvAGj5SMgY

[Anonymous No.25256876]

>>25247582
gotta ride normie wave while it lasts, turn profits into solid positions in solid silver companies like WPM.

[Anonymous No.25256924]

>>25256677

[Anonymous No.25256942]

I like the surface treatment of C-Hafner bars

[Anonymous No.25256971]

more physical you say?

[Anonymous No.25257021]

>>25256971
Is this a lotta gold or is that a lighting trick? Very aesthetic either way.

[Anonymous No.25257100]

>>25257021
idk you tell me

[Anonymous No.25257169]

>>25256746
>Isn't different from any other leveraged junior silver stock, really
I guess if you look at share price only you can think of it that way. But we're talking about the risk of bankruptcy here. There are many juniors and even microcaps that are in a fantastic financial state. Those companies are capable of taking bigger risks and hits because they have more financial freedom. Share price can get knocked around but those companies will be able to continue operations even if they don't get everything done perfectly. Nicola on the other hand might get in a financial paralysis due simply not having enough money to keep operating.
>All of them will collapse to zero if this doesn't turn out to be a real bull market.
Maybe in the case of silver. Not sure since I'm less of a silver guy. With base metals and gold however, companies can still do very well even if the price of the underlying commodity stays still or even goes down. With developers, I like to look at conservative base case prices (for example, a gold price of US$1,500) when making valuation estimates. There are a bunch of developers that will be able to start a profitable mine even at lower commodity prices. And there are a bunch of explorers that won't go belly up if commodities go to sleep for a few years.

Of course SP will suffer if commodities go dormant but I wouldn't be against hodling a good company until the next run up.

>Treasure Mountain is fully permitted as a mine, with 30 millions of ounces of silver
Those are mostly in the Inferred category. Let's be conservative and say there is 10Moz, just in case. Not bad for a microcap, that's about the same amount as Bayhorse if I recall correctly. It's also in an old mine so in a bull market this will be cake. With lower prices, not too sure desu. Needs more work, but very promising for the market cap.
>the mill is fully permitted and upgraded
Good, they just need to get it operating then.

You know the risks, you'll be golden anon. GL.

[Anonymous No.25257366]

>>25257100
>>25256971
notice me gold-senpai

[Anonymous No.25257397]

>>25257100
is that Silver that identifies as Gold?

[Anonymous No.25257477]

>>25257100
Based and checked. I really, really want my first gold piece, sitting on a couple hundred ounces of silver. But, I have been investing in some pretty bullish miners lately and it's taken all my financial play money. Still, just one ounce of gold.

[Anonymous No.25257714]

>>25257366
hi

[Anonymous No.25257823]

>>25257714
I...
I'm... I'M~~~~


IM COOOOOOOOMIIIIIINNNNGGGGG

[Anonymous No.25257941]

>>25256440
Epstig was also hired for his specific experience in "turning around failing companies" so keep that in mind.

[Anonymous No.25257966]

>>25257823

[Anonymous No.25258014]

>>25257966
COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMM

[Anonymous No.25258057]

>>25247609
>/pmg/ understands bonds because gold is related to real yields.
I would like to know more.

[Anonymous No.25258184]

>>25257714

[Anonymous No.25258208]

>>25257169

Mid-tier gold producers with good P. E. ratios will continue to do well, I am sure, even if we return to $1500 gold, but I don't invest in those myself. Every investment which I have is silver, junior, and ultra-leveraged. Only went into mining stocks this year precisely because I am convinced that this really is the end for our financial system, and I want to full take advantage of what will be the opportunity of the century. The reason why BHS or NIM have so much leverage is precisely because most people are afraid that silver will collapse, and that the companies will go bankrupt. But that's exactly the time when I want to invest. You can see the principle in action in the case of Endeavour Silver vs First Majestic, both mid-tier producers. If you bought Endeavour Silver at the start of this year, you made 115%, but if you bought First Majestic, you didn't make any money. Reason being that Endeavour Silver was barely breaking even at $17 silver, and that was priced into the market cap, but $26 silver changes everything for them.

I see an interesting NR from the 17th of September: "Nicola Mining Inc. Enters into Strategic Mining and Milling Profit Share Agreement." "Under the Agreement, High Range plans to extract mill feed from its wholly-owned Dominion Creek Property, which is located 43 kilometers northeast of the Town of Wells and about 110 kilometers east-southeast of Prince George, and then plans to ship this mill feed to Nicola for processing."

So it seems that NIM are getting things done. What makes the mill attractive to me is that, whenever other companies make use it, it won't deplete the reserves of NIM itself. Which means that those can only get more valuable as the price of commodities goes up. And during this PM bull market, if any of the junior mining companies in the area actually want to produce, they must make use of that mill.

At any rate, thank you for your valuable thoughts and for your original research into the stock.

[Anonymous No.25258216]

>>25258014
I need to make a new photo I have achieved more than 1kg surely...

[Anonymous No.25258430]

>>25258057

Gold does best when yields on bonds are negative in real terms, i. e. when adjusted for inflation. The bond market is even larger than the stock market, and is considered as a safe haven. But when people actually start losing money when they buy bonds, they are forced to go to gold instead, because it is better to pay storage fees than to lose 5, 10 or 20% of your money per annum. In the 70s and 80s, we had negative real yields on bonds, and they were known as "certificates of confiscation." You put $250,000 in, and got $150,000 out. The more real investors exited the bond-market, the more the Fed had to monetize the debt--a vicious circle of inflation ensued, and what is called a bond-market crash. That's when gold went 25x. We are now entering into the same kind of financial environment. This time it will lead to the outright collapse of the dollar, because it is impossible to raise interest-rates this time (as Volcker ultimately did in the 80s) without crashing the system (as we saw from the stock-market crash of late 2018, or as we can see from the size of the debt and the budget). Russia and China know all this, and have been feverishly hoarding gold in anticipation of it.

[Anonymous No.25258540]

>>25244821
>>25244963
so comfy bayhorse bro's

[Anonymous No.25258568]

>>25255361
>hey fuck you too
>Best,
>John
absolutamente basado

[Anonymous No.25258578]

>>25258208
Ah, I see. So you're in this to win it or go broke trying. I hope that silver will continue to do well (it seems like it will!).

>Endeavour VS FM
Not an entirely fair comparison due to the tax debacle with FM but I see what you're trying to point out. I too focus on explorers and developers (don't actually have a single producer in my folio) although I still want companies with the ability to take some hits if things don't go exactly as planned.
>Milling agreement NR
That's wonderful news for Nicola. I might be more inclined to invest myself f they close the deal. Very good if the manage to get more deals afterwards -- the area surrounding Wells is filled with old mines and prospects, including Barkerville Gold Mines' soon-to-produce gold mine, where Pan Man will go to work soon.

Thank you to you too, always a pleasure to discuss miners with you.

[Anonymous No.25258603]

>>25258216
All the plastic and capsules that gold is in is adding more weight, you are further from 1kg than you think

[Anonymous No.25258684]

https://www.rt.com/usa/510958-house-vote-stimulus-two-thousand/?utm_source=browser&utm_medium=push_notifications&utm_campaign=push_notifications

2k confirmed

[Anonymous No.25258928]

>>25258684
Not until it passes the Senate.

[Anonymous No.25259136]

>>25258684
"while asking for several other actions from the Senate as well. Democrats have refused to cut any spending, however, and the Republican-led Senate is unlikely to follow through on Trump’s demands."

[Anonymous No.25259317]

>>25258430
Silver miner bro you say gold went 25x in the 70's but i cant see that it did? I see that, non inflation adjusted, it went roughly 17x in the 70's, trough to peak. very impressive but not quite 25x. just wanted to know what you meant since i doubt you're wrong

[Anonymous No.25259431]

Post stacks and portfolios pmgbros

I need some inspiration and motivation

[Anonymous No.25259620]

>>25259317

So far as I always understood it, gold started at something like $34 and ended at something like $850. Chart in my picture is from SD Bullion. The figure of 25x is quite commonly repeated; see e. g . "SilverChartist" last month:

"$SILVER, $GOLD: A Repeat of '70s Run?

"In 1970s bull-run #silver/#gold rose ~36x/25x, respectively

There is zero reason to believe that this bull-market won't exceed those returns"

A number of websites say that gold reached $850 at the high:

"1980, when an ounce of gold was $850 and the DJIA was 800."

[Anonymous No.25259678]

>>25259317

So far as I always understood it, gold started at something like $34 and ended at something like $850. Chart in my picture is from SD Bullion. The figure of 25x is quite commonly repeated; see e. g . "SilverChartist" last month:

"$SILVER, $GOLD: A Repeat of '70s Run?

"In 1970s bull-run #silver/#gold rose ~36x/25x, respectively

There is zero reason to believe that this bull-market won't exceed those returns"

A number of websites say that gold reached $850 at the high:

"1980, when an ounce of gold was $850 and the DJIA was 800."

>>25258578

Thank you for this post and your kind words, always enjoy discussing miners with you also.

[Anonymous No.25259921]

>>25259431
*this is not financial advice, some of these are risky picks
DYODD as always

[Anonymous No.25259934]

So now that it seems pretty likely that $2k stimulus is coming(any stimulus was inevitable), I'm pretty sure this will mark the next leg up in the precious metal bull market that we have been waiting for.

Sadly, I believe that Bitcoin has a lot of the momentum during this capital flight run, but we all know what ill fated that will be. I maintain my theory that Bitcoin is essentially another siphon of capital away from hard resources, and the rug will be pulled on retail investors.

We will still see substantial gains in PM's, especially in the equities that are related to commodities. But my estimation is the 'mania' phase of precious metals is still in the medium to long term distance. We will see steady and substantial legs up until we surpass nominal and inflation adjusted ATH's, and the mania phase will be many multiples of those ATH's. this is just my prediction of course, but I feel its rooted in logic and not arbitrary price predictions.

[Anonymous No.25259993]

>>25259431

[Anonymous No.25260062]

>>25259934
A toast to metal Chads.

[Anonymous No.25260103]

>>25260062
Salut.

[Anonymous No.25260195]

>>25260062
>>25260103
Kippis!

[Anonymous No.25260200]

>>25253386
bro (good comment starts with bro)

let me tell you about this stock shit science.

If you're poor, you have to go balls to the wall barbell theory. There's no point in diversifying. You can try over and over to hit the motherload. You diversify if you're trying to mantain wealth, not attain it. If you want to get rich and you're poor as fuck like me (not for long at this pace), you go 2-3 stocks MAX and add to it month after month after month.

I started with 200dollarinos, I am reaching 20k in 1 year. I want a x10 now and I'll buy a house.

[Anonymous No.25260280]

>>25259678
The more i think about the more i realise that a repeat of those returns during this cycle are actually conservative estimates.

[Anonymous No.25260476]

>>25259993

[Anonymous No.25260581]

>>25260200
>If you're poor, you have to go balls to the wall barbell theory. There's no point in diversifying.
>you go 2-3 stocks MAX and add to it month after month after month
That's a little too restrictive for me. I own 10 different companies. Half are microcap plays with higher risk but high returns. And another half are developers with promising projects. The microcaps are easy to diversify into because they don't require a lot of capital so even us poorfags can invest in them. Depending on your appetite for risk, you can get great returns even with relatively small capital there. I hope I don't have to tell you why I own five different microcaps as opposed to just one.

As for developers, their projects will move at different paces. Some can encounter nasty surprises and some can get sudden pumps due to new discoveries. Some projects are shorter term plays, others will take years to develop. I think you will be missing out on a lot of opportunities if you only pick 2-3 stocks. When you own, say, 5-10 very good companies you can add to them at optimal price points too. There's a smaller chance that all of them will be at a high price when you can add more money into your positions, meaning there is greater upside with the additional choice you have.

>t. started investing in October, have about $5k in the folio now

[Anonymous No.25260678]

>>25260581
that's fine, hey man, as long as you have a plan.

If you're young (less than 30) maybe you can afford it. I'm too old to start investing "safely" so I have to go for the money.

[Anonymous No.25260758]

Gold I'm not quite so sure about. The Dow Gold ratio is 16:1, so we might think at first that gold is going 16x. But on the other hand, the House:Gold ratio is currently at something like 150 ounces to buy a house. It got to a peak of something like 75 ounces in 1980. So that ratio doesn't have very far to go. For reference, in 2004, you needed 700 ounces of gold to buy a house--that's how undervalued gold was during the Housing Bubble. Then again, if the dollar really does collapse this time, which it only threatened to do in 1980, perhaps the Gold:House ratio will go even lower. After all, it cost you 100 ounces to buy a "handsome palazzo" in Renaissance Florence--not an average house. The best gains will be made, first in silver, which is still at a ridiculous 70:1 ratio with gold, secondly in mining stocks, which were almost never so undervalued. So most of all in silver mining stocks. If gold merely doubles, and silver goes back to a 14:1 ratio with gold, then silver is going at least 10x. And if mining stocks went 150x when silver merely doubled, but this time silver goes 10x--our imagination does the rest of the work.

[Anonymous No.25260808]

>>25260280

Gold I'm not quite so sure about. The Dow Gold ratio is 16:1, so we might think at first that gold is going 16x. But on the other hand, the House:Gold ratio is currently at something like 150 ounces to buy a house. It got to a peak of something like 75 ounces in 1980. So that ratio doesn't have very far to go. For reference, in 2004, you needed 700 ounces of gold to buy a house--that's how undervalued gold was during the Housing Bubble. Then again, if the dollar really does collapse this time, which it only threatened to do in 1980, perhaps the Gold:House ratio will go even lower. It cost you 100 ounces to buy a "handsome palazzo" in Renaissance Florence--not an average house.

The best gains will be made, first in silver, which is still at a ridiculous 70:1 ratio with gold, secondly in mining stocks, which were almost never so undervalued. So most of all in silver mining stocks. If gold merely doubles, and silver goes back to a 14:1 ratio with gold, then silver is going at least 10x. And if mining stocks went 150x when silver merely doubled, but this time silver goes 10x--our imagination does the rest of the work.

[Anonymous No.25260831]

>>25260678
Lol, I wouldn't consider my investment strategy safe in any sense of the word. Any classic portfolio manager would scream if they saw my folio no doubt. It's precisely because I am young that I am willing to build a risky portfolio with many microcaps. Your strategy is arguably safer because you have a couple of "sure-bets" no doubt, but you miss out on good entry points and great asymmetric risk-return opportunities.

[Anonymous No.25260839]

Your gold and silver coins have graven images on them. You are all idolators.

[Anonymous No.25260960]

>>25259934
What are you going to sell your metals for? I think gold will peak when the dollar dies and by the time there is a new fiat currency gold will be down again

[Anonymous No.25261009]

>>25260960
I for one will see if I can pay off my mortgage. I doubt I can but if I can pay at least half of it I'll be very happy

[Anonymous No.25261028]

>>25259934
Very optimistic outlook anon, but I've been following stim news for the last few months and have learned to never count on likely outcomes, and to sell before they make decisions. There may be a hype run up tmrw morn until the vote with News headlines like "house passes 2k checks", but I very much doubt they will pass it through the senate. There were 60+ republican nay's in the house alone, repubs in the senate are likely to followsuit with a similar ratio on the bill.

[Anonymous No.25261074]

>>25260960

Fiat is an anomaly, it won't be part of the new financial system. Russia and China won't let it be so. They have hoarded enough gold to back their currencies with it, and demanding payment in gold would cause the greatest wealth-transfer in history from West to East. Fiat has benefitted America at the expense of the rest of the world, and the rest of the world has no reason to let it go on any longer than is necessary.

[Anonymous No.25261075]

>>25260960
Why would you keep thinking about gold in terms of amount of fiat you can get for it? The whole point of gold is that it "locks in" your purchasing power across different fiat currencies/resets as it has done for nearly 4000 years. The more useful quantities become gold/acre, gold/gallon of oil, gold/loaf of bread, gold/bullets, etc.

[Anonymous No.25261147]

>>25261009
https://www.goldbroker.com/news/buy-a-house-for-2-6-ounces-of-gold-1051

[Anonymous No.25261210]

What is this pmg's general opinion on crypto?

[Anonymous No.25261273]

>>25261210
Ponzi schemes, especially BTC. If you have the taste for that rodeo, a speculative play where you hope the music doesn't stop while you are playing.
Blockchain as a technology is more interesting but not as stores of value.

[Anonymous No.25261379]

>>25261147
102oz Ag. Not quite enough unless the GSR changes radically. Although my mortgage is only €100k so if the future is as bright as many predict, I'll be able to pay off my mortgage and still have some silver left afterwards. Not counting on it but the idea is exciting.
>>25261210
We've some guys here who like cryptos as a speculative asset, maybe even one or two who believe that BTC will be able to withstand as well as gold in a hyper-inflation.

The majority, me included, seem to think of cryptos as a total speculation or even a scam. Hardly worth investing in for me. I'll stick to mining companies for my speculation and gains, at least I can make reasonable predictions and calculate valuations with those

[Anonymous No.25261476]

>>25261273
Does /pmg/ see gold as a store of value or an investment. Basically, is there ever a plan to sell for dollars following a large gold bullrun?

Or is the overwhelming perspective that the dollar will fail and gold will not and therefore it's not wise to sell gold for dollars ever?

[Anonymous No.25261515]

>>25261210

"Fiat" or unbacked crypto is a temporary speculative bubble, no different from TSLA. It is intended to be a distraction from precious metals, and the price is pumped by the tether scam and MSM media hype. The Asian nations, where most of the production lies, won't take crypto as money after the reset, so it will immediately go to zero when the dollar collapses.

Again, there are fundamental problems with "fiat" crypto. If you make a mistake in sending a transaction, get memory-loss, dementia, misplace your keys, have a key-logger on your computer, a hardware failure, a burglary, theft, a fire, you lose everything. No such problems exist when storing gold in a private vault. Again, you have the block-size problem. BTC is fundamentally unusable as a currency, because of the small block-size--not even 0.1% of the world population could function on it, even on the Lightning Network, it can never scale. But large block-sizes fail to solve the problem also, because the crypto ends up being completely centralized, and one entity controls the hash rate (see Calvin and BSV). Gold-backed cryptos like Kinesis are the future of cryptocurrency, because you can have multiple cryptos which store the allocated bullion which backs them in multiple vaults.

[Anonymous No.25261593]

>>25261476
I view physical as a store of value, while miners are an investment that I expect the most growth(and risk) in.

[Anonymous No.25261633]

>>25261210
Honestly with the way the dollar is going, I think crypto is going to be more secure than a dollar bill.

[Anonymous No.25261729]

>>25261476
>Does /pmg/ see gold as a store of value or an investment.
Store of value. But in a hyper-inflation, we expect gold to outperform other assets.
>Basically, is there ever a plan to sell for dollars following a large gold bullrun?
The idea is to hodl physical forever as a hedge against fiat collapsing. And if fiat collapses, you will want gold -- see case Venezuela
Article related: https://www.forbes.com/sites/greatspeculations/2018/08/06/wait-until-you-see-the-price-of-gold-in-venezuela-right-now/

For gold-related gains, I buy mining companies. Great gains to be made, leveraged to the price of metals

[Anonymous No.25261738]

>>25260808
Im calling bs on the house to gold ratio. It varies too much state to state to even be a worthwhile ratio to monitor.

[Anonymous No.25261803]

>>25261476
>is there ever a plan to sell for dollars following a large gold bullrun?

Fuck no, you dont trade it for worthless fiat, you trade it for other hard assets, Property, Land, Cars etc.

>>25261379
>my mortgage is only €100k

From what ive heard i dont think you'll even need to worry about it, when this shit show goes down the cabal will be getting put out of business and the banks they control will be going under, mortgages will be cancelled/wiped out, but you might want to try get your hands on some AU to pick up some property as an investment as its going to be fairly hard to make money the old fashioned way.

[Anonymous No.25261909]

>>25261803
>the cabal will be getting put out of business and the banks they control will be going under, mortgages will be cancelled/wiped out
Anon... They're the ones who own the majority of my apartment's condominium stocks. They own my apartment. If they go down won't they take me out with them?

[Anonymous No.25261951]

>>25261729
>>25261593
Do you guys own any stocks outside mining stocks? The nature of them seems extremely volatile and certainly not buy and hold stocks

[Anonymous No.25261965]

>>25261210
I have a good amount of it, myself. Only distributed among 3 assets. I'm a strong believer in the technology and novel applications being built on a decentralized web (Web 3.0). I have far more physical metals, and about the same value in my miner's portfolio nonetheless. Recently my crypto has overtaken the value of the miners due to about 3x+ gains since July.

[Anonymous No.25262038]

>>25261951

I am 100% in junior silver mining stocks, my entire portfolio is right here. >>25246695 I am 100% convinced that the dollar is going to collapse within the next few months to couple of years, and that junior mining stocks will offer those who are invested in them a once-in-a-century opportunity to magnify their wealth by thousands of times. An opportunity which I do not intend to waste.

[Anonymous No.25262074]

>>25261951
I only own mining companies. The majors aren't that volatile so if you want a fairly safe, brain-dead exposure to the price of metals you might want to invest into Barrick or Agnico Eagle or Centerra or the like. But I'm in this for the risk-return. I live and breathe juniors. I do deep, informed and extensive research to these companies and the assets they hold and make educated risk-conscious investments. And yes, they are long term investments. I invest fully expecting these companies to develop their projects until they either get bought by a bigger company or until they are able to turn their project into a mine. I'm in this for the long haul for most of my investments.

[Anonymous No.25262120]

>>25261909
>If they go down won't they take me out with them?

Who going to be around to collect on owed mortgage payments or to tell you to get out? No One.

This reset will be so hard nobody will be doing anyones dirty work anymore.

[Anonymous No.25262141]

>>25245790
I've been getting more of both lately, moving on from Buffalos and my LCS doesn't seem to have Krugerrands when I go in anymore :(

>>25246586
I trimmed a bit of my UUUU today just because it's about at my initial $5 price target (and so soon as well). I wasn't expecting it to hit that until spring or so. Kind of feel like a little pull back is about to happen. I still kept some just to lock in my profits and play the rest elsewhere. If it somehow gets back to the lower $4 range I'll jump right the fuck back in, balls deep.

[Anonymous No.25262251]

>>25262120
>Who going to be around to collect on owed mortgage payments or to tell you to get out? No One.
They won't do that. They'll just evict me so that they can sell my (their) apartment to get back some of their lost profits. I'll get kicked out and the apartment will be sold to the highest bidder. But that's in the case that the bank goes bankrupt. Before that they'll be increasing my mortgage's interest rate as much as they can to stay solvent.

Actually it's unreasonable to expect the banks to go down. The banks won't even actually go bankrupt unless there is a nation-wide bank run. Central banks can print an unlimited amount of bank reserves so that private banks will never really go bankrupt.

[Anonymous No.25262278]

>>25261738
>Im calling bs on the house to gold ratio. It varies too much state to state to even be a worthwhile ratio to monitor.

Same here, everywhere I've ever lived until now has housing costs below it the "average". When the bubble popped a dozen years ago one could get nice cozy homes with nice yards and separate garages/workshops in safe white working class neighborhoods for 15-30k. I toured many that were absolute bargains with neighbors basically begging us respectable blue-eyed whites to move in.

Homes in many areas will get cheap as shit, I don't want to be a landlord jew but would really enjoy having my friends populate and defend a potato-farming private cul-de-sac with me.

[Anonymous No.25262358]

>>25261476
>Does /pmg/ see gold as a store of value or an investment.
Gold coins from the ancient aztecs, roman aureus, to spanish dubloons, etc. are all worth exactly the same as gold currently dug out of the ground and cast into new coins. With slight premiums from numismatic factors (basically, collecting). It has outlasted thousands of fiat systems and will outlast thousands more.
>Basically, is there ever a plan to sell for dollars following a large gold bullrun?
Understand that a large "bullrun" in gold means fiat is accelerating to its long term average of being worth 0. You don't sell unless you purchase something with it such as a house, or a car, or whatever. That is what a store of value is. You get to purchase things regardless of printing measures from central authorities at the same cost across time.

[Anonymous No.25262536]

>>25259431

[Anonymous No.25262589]

>>25262251
>They won't do that.

I dont think they are going to have the choice, from what ive heard the last few years there have been high level meetings where it has already been agreed that mortgages will be wiped in a system reset as they will be unpayable in a collapsed currency system.

And the public backlash will be so great all these scumbags will be on the run or in prison, this reset needs to happen and will bring in a better non debt based system, just watch.

[Anonymous No.25262637]

>>25244701
>Why Gold?
>https://www.youtube.com/watch?v=i3S4rl6ehiI [Embed]
>https://www.youtube.com/watch?v=gksenA5Al_A [Embed]
>https://www.youtube.com/watch?v=FI7NnOg2rxo [Embed]
any arguments for gold that aren't by people who are in the business of selling people gold or gold accessories?

[Anonymous No.25262663]

>>25262589
I'll keep playing Devil's Advocate if you don't mind,

Alright say they will wipe out all debt. But with a catch: Pic related happens afterwards

[Anonymous No.25262730]

>>25262637
https://www.youtube.com/user/belangp/videos
Belangp doesn't focus solely on gold though

[Anonymous No.25262763]

>>25262637
They're essentially the same arguments but sure, here.
https://www.youtube.com/watch?v=7UCFTyD4Yz0

George Gammon does all kinds of videos discussing the economy, as well as live streams where he talks to viewers directly. He's no gold bug, he likes real estate and stocks for example.
And Ray Dalio needs no introduction I'm sure

[Anonymous No.25262787]

>>25246949
>graven images
https://youtu.be/H0DCqdF7EzE

[Anonymous No.25262791]

>>25262663

[Anonymous No.25262799]

>>25262038
why BHS over AUN?

[Anonymous No.25262826]

>>25244701
where to buy pieces of raw gold and silver ore like in OPs pic? seems like an awesome collectors item

[PAN MAN No.25262921]

>>25262826
ebay has some fantastic collectable samples but they come and go fast so you have to watch for the best pieces. There are a lot of different web sellers as well like my mate Nuggetsbygrant who sells raw gold and silver samples. Note though these are usually fairly small pieces, around 1-6 inches, and they come with a heavy premium.

[Anonymous No.25262936]

>>25262663
Pic related is the cabal projecting their delusional ideology which will not happen, you need to remember we outnumber these fucks 100's of millions to 1, we say what goes.

They were also hoping to have everyone vaccinated, yet if u go onto a youtube video of a mainstream western news agency about the vaccines you will see one way traffic in the comments section of people saying they wont be going near them,

This is the great awakening anon and nothing can stop it, by the way the wef pulled down that ad campaign after people saw it and basically told them to go fuck themselves. None of their delusional ideology will come to pass.

[Anonymous No.25262945]

>>25262763
>>25262637

Gregory Mannarino also thinks that silver is the best possible investment a person can make, and he doesn't sell gold or silver, although I'm not sure where to find a video and a timestamp where he goes into the matter. Michael Pento believes in gold, and he doesn't sell it. Also, DesoGames obviously doesn't benefit from selling gold, and he was only recently discovered (see interview here https://www.youtube.com/watch?v=7o8JfFbvfD8).).

>>25262799

AUN mcap is 17x higher than that of BHS. Also, Aurcana is up 220% on the year, but BHS is still the same price as it was in January. BHS is a microcap which offers far more leverage and is still completely neglected. As far as something of a comparable mcap goes, I prefer BSR to AUN.

[Anonymous No.25262972]

>>25262936
I hope you're right. WAGMI

[Anonymous No.25262982]

>>25262826
Nice pieces can carry large premiums. Some nicer coin shops carry some. Go to a coin store or high end jewelry/gold shop in the wealthier neighborhoods.

[Anonymous No.25263001]

>tfw the house passes 2000 dollar gib bucks
dumping it all into silver eagles lads feels fucking good.

[Anonymous No.25263009]

>>25260960
You dont sell your PM's for any other form of money - PM's ARE money.

You can however exchange your PM's for other assets which might be undervalued on an asset/gold ratio.

Perhaps by the peak of this bull run real estate becomes immensely undervalued? Im particularly interested in agricultural land.

[Anonymous No.25263056]

>>25262730
I wouldn't count a nobody youtuber without a real name behind his word.
>>25262763
quoting Ray Dalio that apparently has half a billion invested in gold. that's a pretty blatant conflict of interest.

[PAN MAN No.25263085]

hay is the guy looking for info on Sego Resources still around? I am mates with one of the technical geos on the Miner mountain project, I asked him a few questions and there being very tight lipped about the place. I am still not sure about this one, I need to really snoop their material for a while tonight than I ll get back to it.

[Anonymous No.25263134]

>>25263056
>quoting Ray Dalio that apparently has half a billion invested in gold. that's a pretty blatant conflict of interest.
George doesn't have such money in gold yet he agrees. And by the way, George also believes in Bitcoin. In any case, you'll be hard pressed to find an advocate of gold who doesn't own any gold. As you would with any asset.

Ownership doesn't invalidate opinion.

[Anonymous No.25263151]

>>25263056
If one is educated and reached a logical conclusion, why would one not act on the conclusion they have reached to enrich themselves?

Do you expect people to sit back and watch their predictions unravel from the sidelines?

Anyone who is familiar with Austrian economics(real economics) will inevitably be invested in Precious metals in some capacity. Read this book and then form your own opinion.

Good luck finding no 'conflicts of interest' when it comes to making money.

[Anonymous No.25263157]

>>25263056
What kind of goldilocks scenario are you looking for here?
Anyone invested in the gold thesis is in gold. Billionaires will have lots of it. "Nobodies" will as well. The ones in the middle deal in gold or gold equities. What are you looking for?

[Anonymous No.25263229]

>>25262945
I’m the guy that has pestered you with questions for months, but I just want to say that I can’t wait to see what good, moral, benevolent people like yourself do to benefit humanity in the next few decades after this financial reset occurs. I think your posts here are helping more people in more ways than you realize, because we’re spreading this information to loved ones and friends, with intent that they take steps to ensure their own financial stability. Sort of like spreading an important message far and wide. It’s apparent that you are going to be someone who positively impacts a lot of lives now and going forward.

[Anonymous No.25263272]

>silver

[Anonymous No.25263300]

>>25263272

[Anonymous No.25263406]

[PAN MAN No.25263467]

>>25263406
whoever was in charge of this pour had a bad day

[Anonymous No.25263506]

>>25263406
always cracks me up how awfully they pour that shit
>silver splashes all over the place
>literal pile of it lands straight to the ground
>man clumsily and barbarously rips the cast to the ground
>slams the cast until the bar flops on the ground
>ENDEAVOUR SILVER

[PAN MAN No.25263628]

>>25263506
usually you dump the cooled mold and ingot into a big steel tub with water in it to catch any stray metal that breaks off, it also causes the ingot to shrink a little and fall out of the mold easier. These guys obviously dont give a dam lol.

[Anonymous No.25263792]

>>25263628
>>25263506
You people never worked at a mint i can tell. This is standard handling. The extra silver gets sweeped up and later distributed among us insiders. Fuck these kikes. The working class will rise again.

[Anonymous No.25263852]

>>25263229

Thank you, this is extremely kind of you to say. I have always been able to tell from your posts that you are an extremely good and intelligent person. I have been highly impressed with the kind of questions you have asked, and opinions you have formed, and how quickly you have learned and adapted to new information. I could just as justly return the words which you have said to me—if we are right about what is going to take place soon, I know that you will use your wealth for good. I have already seen you do good with your knowledge here.

I have sometimes mentioned before that I don’t expect to be here much longer, and will depart when it seems that metals are beginning their next leg up—I think that that time is at long last coming soon. Sheer exhaustion means that I can’t keep doing this any more—I estimate that, since January, I have must have made literally thousands of posts across /biz/ and /pol/. But I am hoping that whatever I have written in various threads over the past year that possesses any value will continue to live through the 4chan hive-mind after I am gone.

[Anonymous No.25263867]

>>25262945
>https://www.youtube.com/watch?v=7o8JfFbvfD8
>Palisades Gold Radio
>https://www.youtube.com/watch?v=wU9TFR-Vdbo
>As Good As Gold Australia
both those people are advocating gold on networks specifically marketed to people who want to buy gold. looks more like they're selling their credentials to what's essentially a commercial.

>>25263134
>>25263157
owning gold and owning a hedge fund that deals in gold should obviously be different things.
>What are you looking for?
anything convincingly impartial. I don't know about you guys but I don't trust salesmen when they say their own product is the best, or when some enthusiast youtube channel brings in experts to talk about how great their thing is.

[PAN MAN No.25263929]

>>25263792
nope never worked at a mint but thats based.

[Anonymous No.25264031]

>>25263852
What are your plans in life silver bro?

We've spoken before but I want to reiterate that you have changed my life for the better. I have read many books on Austrian economics and more, taken position in several mining equities which have already mooned, positioned my parents retirement fund perfectly and educated them on all kinds of financial matters, and also helped other friends and family. Its not going to stop here either. I've written layman's terms explanations on all the concepts i've come across(you may have seen me explaining inflation and deflation, what QE really is on here etc) and i plan to amalgamate them into one guide anyone can read. after explaining some basic concepts to some coworkers they told me i should write a book, so thats exactly what i'll do.

It was after i first came to /pmg/ many months ago and read 'silver miners go up 150x in a bull run' that my eyes bulged with imagined riches and i went down the Austrian rabbit hole. You opened the door to me bro and i'll always be grateful.

[Anonymous No.25264032]

>>25263792
>You people never worked at a mint i can tell
Funnily enough I actually did work at a mint for three months before my conscription service. Though I was only doing packaging and pallet stacking. Loud ass counting machines I tell you.
>>25263867
Ray doesn't tell people to invest in his fund (in fact he doesn't accept any new customers anymore, got too much money to manage as is). He is telling people to buy gold because he understands what is going down.
>anything convincingly impartial
George Gammon.

[Anonymous No.25264082]

>>25263852
I'll miss debating mining picks with you. Are you on ceo.ca or any other platform? I wouldn't mind discussing stonks with you in the future too

[Anonymous No.25264091]

I spent this Christmas with my family which consists of over 20 people at my Mom's house.
As l socialize with all these people which I've known for most of my life, l can't help by realize how none of them know how bad things are actually are and how much worse it's going to get.
Does anybody else feel the same way?

[Anonymous No.25264105]

>>25262536
Looks very good anon. I need to drag my silver out and post a stack again, but I haven't made any purchases this month.

[Anonymous No.25264113]

>>25262038
I very new to this but how do you invest in these junior miners if they're not listed on exchanges?

[Anonymous No.25264191]

>>25263867
>anything convincingly impartial.

read Keynesian economic literature and read Austrian economic literature and form your own conclusions. it is only from a solid economic understanding that you can then make successful investments.

[Anonymous No.25264252]

>>25264091
I've tried talking about the state of the economy with my parents. They're not economically illiterate but they don't believe there will be any major financial crisis. They're not stock market people, or macro economy nerds. They only buy real estate and profit from their tenants. They also restore old furniture and sell them off at a profit as a hobby. They'll be fine (they've been at the bottom before and clawed their way to prosperity) but I wish they would take my advice and buy at least some gold.

[Anonymous No.25264304]

>>25264031
>>25263852
dunno which one of you i talked to about mining stocks etc couple of weeks ago, so i did some research, bought some physical but i can't buy mining stocks easily from my bank (EU broker accounts).

is there a way for EU citizen to register on some USA market easily , so i can do wire transfer, and buy some shit ?

[PAN MAN No.25264360]

>>25264113
which exchanges are you looking on?
>>25264091
my more normie extended family are terrible for this, they have no clue whats going on outside their little bubble of personal life and info from BBC news.

[Anonymous No.25264414]

>>25264031

You should be proud of yourself for everything you have learned and done. I think it's amusing to think that you have educated yourself to know more than Michael Saylor, and all these other people in the public eye who are looked up to as financial gurus, all because of 4chan. People wouldn't think that you could learn anything of value on an anonymous image-board, but truth is, despite the utter degeneracy which is everywhere to be found, there is a lot of wisdom here which is not often taught anywhere else. For example, if you go to a mainstream doctor and say that you feel depressed, he's going to try to push drugs on you. But if you bring the subject up here, you're going to be told that you need exercise, to sort your diet out, stop using pornography, stop masturbating, stop consuming useless popular culture, stop going to bed late--etc. 4chan is completely exhausting, but also a necessary evil which offers home-truths to many young men who are lost in a confusing and evil world.

I have no idea what the world is going to look like after the reset. But I will do everything in my power to spread the ideals of liberty and Austrian economics. Most people here know what is going on with the Great Reset and the communist agenda, which is why I thought it so important to get 4chan on board with precious metals and mining stocks. Wealth begets power and influence.

>>25264082

I purposely don't have an account on ceo.ca, or post there, would be too easy to link my identity with 4chan. But thank you very much at any rate.

>>25264304

I know that you can use DeGiro, although the fees are quite steep. You also have to make sure that you look up the stock on ceo.ca, get the price in CAD, then do a currency conversion from CAD to euros, and put a bid in for the stock at a fair price. If you hit the ask on a microcap like BHS on an illiquid stock exchange, you can sometimes overpay by 10-20%.

[Anonymous No.25264442]

>>25264360
I use M1 finance

[Anonymous No.25264462]

>>25264304
Degiro and Interactive Brokers offer Canadian miners. Both offer shares from TSX (C$) as well as FRA (€).
t. I use Degiro and been thinking of shifting into IB at some point

[Anonymous No.25264468]

>>25264304
Im Australian and i use interactive brokers which is a major international brokerage, one of the biggest in the world that i know of for retail and professional. None of my domestic brokerages come close to the access they offer and their low fees.

Even managed to move my parents retirement fund over to them and its been smooth sailing, can buy whatever products we want in whatever market.

I would highly advise creating an account with them if possible in your country. I would be surprised if you cant

[Anonymous No.25264474]

>>25264105
I’ve got these little dudes now too just haven’t made a new pic yet.

[Anonymous No.25264513]

>>25264384
thanks for your service, i guess you are the same dude who answered most basic questions couple of weeks back. went into rabbit hole of silver/gold/deso/comex/ etc.

i went balls deep on physical, will research my options on how to buy some mining stocks to top it off.

Godspeed anon, EU is going to sleep.

[Anonymous No.25264515]

>>25264474
When I see gold pics on here I briefly become a jewish stereotype.

[Anonymous No.25264558]

>>25264462
>>25264468
thanks dudes and also

this post > >>25264513
was meant for post >>25264414

[Anonymous No.25264654]

Somebody bake, I'm on my phone and going to sleep now. This was a very fun thread, thanks everybody

[Anonymous No.25264681]

>>25264032
>He is telling people to buy gold because he understands what is going down.
you have to be naive as hell to think he's doing it out of the kindness of his heart. when you're that big into a position of course you're going to want to sway public opinion on a asset that's priced by public opinion.
>George Gammon
if that's all /pmg/ has got then I'll take it. but as far as I can tell he also has no credentials and no track record other than a year old youtube channel that started by talking about real estate.

[PAN MAN No.25264729]

>>25264654
I ll do it again in just a sec.

[Anonymous No.25264795]

>>25264681
>Gives someone with track record
>"That's conflict of interest!!!!"
>Gives someone without conflict of interest
>"He doesn't know what he's talking about he's only into real estate"
Nigger what

[Anonymous No.25264923]

This is a den of idolators.

[Anonymous No.25265049]

>>25264795
I don't see what's so hard to understand about this. you shouldn't trust someone with a conflict of interest, nor should you trust somebody with no credentials.
ie. I wouldn't trust drug prescriptions from a doctor being paid by said drug company, and I wouldn't trust prescriptions from somebody who isn't a doctor.

[Anonymous No.25265123]

>>25265049
So we need someone who has extensive work in the field of precious metals and economics, who also advocates for PMs based on their extensive knowledge, but has placed no personal financial interest in the field they dedicate thousands of hours to studying, understanding, and ultimately supporting? Your analogy is bad, a better one is like saying you don't trust people that get paid for giving medical care (i.e. doctors) because they devoted tons of time and energy into becoming experts in their field and want to make money using their knowledge and skills.

[Anonymous No.25265136]

>>25265049
if someone see's something as a good investment then I would think it makes sense that they put their money into that investment?

[Anonymous No.25265167]

>>25260960
Neat

[Anonymous No.25265208]

>>25265136
It's called "skin in the game", which >>25265049
has trouble understanding

[Anonymous No.25265276]

>>25265123
>>25265136
I didn't say being invested in something is a conflict of interest. my criticism of George Gammon was specifically that he has no credentials, he's not a doctor in my analogy.
I haven't seen any gold advocates post here that are both an expert in some respect and are also not being paid by some third party.