/pmg/ - Precious Metals General

[PMG Baker No.25745216]

Pepe has a message for you 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
Shills
>>25557138
>>25549155

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:>>25729293
Image from:>>25733518

[Anonymous No.25745397]

>>25745216
first for boating accident

[Anonymous No.25745399]

Alexco does look good, and it has an options chain. Do you think a silver rally will hit soon, next couple of years? What's your opinion on buying LEAPS on Alexaco really?

[Anonymous No.25745423]

>>25745216
First for N
did you buy the dip yesterday?

[Anonymous No.25745430]

Nick Gerr

[Anonymous No.25745454]

Alasdair Macleod (the best economist in the world) just re-iterated his view that BTC is going to zero after the reset. The article got republished on ZeroHedge so hope it changes some minds before the boomers and moonboys get rugged.

Bear in mind that his prediction that BTC "still had a long way to go" was borne out. He never said that BTC price wouldn't rise.

"The price of Bitcoin still has a long way to go. But to overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7 billion transacting individuals. Bitcoin will then have no role, and sink to zero priced in gold." -- Alasdair Macleod, November 2020

https://www.zerohedge.com/commodities/dont-dismiss-gold-silver

"To the dismay of the crypto crowd, bitcoin is both unlikely and unsuited to succeed fiat as the common medium of exchange, for two important reasons. The first is central banks don’t own any and have no interest in adopting any form of crypto other than ones whose ledgers they control. We know they are racing to get central bank digital currencies up and running, partly to head off private sector alternatives. But these proposed CBDCs are just another form of fiat and will fail as surely as revolutionary France’s mandats territoriaux did following public rejection of the inflated and hated assignats.

However, central banks and government treasury departments do own gold — almost certainly less than the 35,171.3 tonnes reported by the World Gold Council, when leases, loans and double-counting are allowed for. But the majority at least own some gold. Even though it is likely to be a last resort, turning their fiat currencies into gold substitutes is a central bank’s only option to avoid a complete currency collapse, and with it the collapse of all state spending."

[Anonymous No.25745462]

>>25745399
We are currently in the precious metals bullrun. It has already commenced.

[PMG Baker No.25745487]

>>25745423
No, I did not have the cash for it since I have other things to do this week. Wish I could.

[Anonymous No.25745513]

https://www.youtube.com/watch?v=3cjrf6qlOtI
The dip yesterday was literally fucking nothing.

[Anonymous No.25745541]

>>25745487
i got 155 shares of barrick gold yesterday i am set with physical metals

[Anonymous No.25745546]

Just bought my first silver. Got 2 1oz coins
>I'm excited anons

[Anonymous No.25745559]

>>25745399

[Anonymous No.25745563]

>>25745546
Nice! Rite of passage: post stack

[Anonymous No.25745681]

Ok thanks, I'm gonna drop 5k on AXU leaps monday then boys. Appreciate it

[Anonymous No.25745695]

>>25745681
remember dyodd, good luck

[Anonymous No.25745814]

*massively reduces the value of your gold*
Heh, nothin personel kid...

[Anonymous No.25745824]

Im buying Nicola and Blue Lagoon on Monday

>>25745681
>>25745695
What does this mean.

[Anonymous No.25745842]

Reminder illuminakikes love planetary conjuctions and that february form a double square with saturn and uranus onto jupiter, which is extremely rare and unfathomably negative, and related to financial catastrophes.

[Anonymous No.25745845]

>>25745824
dyodd = do your own due diligence

[Anonymous No.25745879]

>>25745842
So I can get some cheapies? Fine

[Anonymous No.25745912]

>>25745879
Most likely that's when (((they))) will start the operation Dark Winter.

[Anonymous No.25745918]

>>25745842
put down the crack pipe

[Anonymous No.25745923]

>>25745842
if the market crashes end of this month/next month, then expect another one later this year around as the same shit is supposed to happen then too. Strap in and lube up things are probably about to get fucking wild

[Anonymous No.25745992]

>>25745912
Maybe, personally I think we're in for another decade of long excruciating decline before anything big happens

[Anonymous No.25746014]

Any Britbongs here invested with Royal Mint? Is there any reason not to use them or their services?

[Anonymous No.25746044]

>>25745918
>he doesn't know

>>25745923
A second ride would be for November then, since it's the retrograde conjuction of the same planets onto the same squares.

[Anonymous No.25746065]

>>25746044
>November
thanks thats what I wanted to put but was unsure, just knew it was at the end of the year

[Anonymous No.25746149]

>>25745454
Governments not owning bitcoin is a good thing for bitcoin. And what happens if people start preferring gold to the government's fiat? Surly the governments wouldn't dump their gold to keep the price low or use their holdings in some other way to fuck with you right?

[Anonymous No.25746216]

WHY THE FUCK IS BITCOIN WORTH MONEY

CLOWN

WORLD

[Anonymous No.25746257]

>>25745559
another one bro.

[Anonymous No.25746320]

>>25746149
>>25745454
Worth noticing in 2020 most central banks were net sellers of gold, and in 2021 they almost all are net buyers (at least they claimed they will be).

[Anonymous No.25746326]

I never understood why goldbugs have a feud with crypto

[Anonymous No.25746397]

>>25746216
you should own both crypto and pm. why buy into the 'one or another' narrative? theyre both better options than staying in the fed reserve jew ponzi scam system "dollar".

[Anonymous No.25746419]

>>25746014
I choose not to use them because I don't want to give them any money

It might be schizo of me but if you buy from them the guvment then know, at least in part, what your stack is

I like atkinsonsbullion and goldsilver .be

[Anonymous No.25746427]

>>25746397
It's a fucking scam. It has zero fucking value.

[Anonymous No.25746454]

>>25746326
Personally i love it, it divert the greedy brainlets away from real wealth so i have more time to accoomulate for cheap.

[Anonymous No.25746462]

>>25746149

Suppression with the London Gold Pool only worked, or on the COMEX only works under the dollar-world-reserve-currency system. It is completely irrelevant to the post-fiat world. If your nation was foolish enough to dump its gold reserves post-fiat, it would simply become poor. Manipulation has been about imposing dollar hegemony.

>Governments not owning bitcoin is a good thing for bitcoin.

No, not in the slightest. The main reason why gold will soar is because Russia, China, etc. will issue gold-backed currencies. If you need to pay your taxes in gold, Bitcoin will have absolutely no value. And no nation-state will ever trade its goods and services in exchange for thin air rather than money of an equivalent intrinsic economic value.

>>25746326

Moonboy cult-leaders are deluded at best, traitors to liberty at worst. They divided the anti-fiat community and allowed this evil ponzi scheme to go on for years longer than it ought to have done so. Max Keiser used to have a "Buy silver, bankrupt J. P. Morgan" until he turned coat. You could buy the annual investable supply of silver ten times over with the market cap of Bitcoin. The COMEX should have defaulted years ago.

[Anonymous No.25746529]

>>25746427
the entire world is a scam anon. you cant beat em? join em. that simple.
if BTC truly had 0 value then why is it worth 40k? something seems off with your logic and understanding. reevaluate.

[Anonymous No.25746557]

>>25746529
It's pumped by scammers. Never buying something like that. Gold is real, bitcoin is not.

[Anonymous No.25746584]

>>25746462
>The main reason why gold will soar is because Russia, China, etc. will issue gold-backed currencies.
Will this affect silver much?

[Anonymous No.25746620]

back from a ban, first for waifu stacking

[Anonymous No.25746624]

>>25746529
>you cant beat em? join em
Oh but i will beat them anon, with my giant .999 silver dong.

[Anonymous No.25746625]

>>25746149

Suppression with the London Gold Pool only worked, or on the COMEX only works under the dollar-world-reserve-currency system. It is completely irrelevant to the post-fiat world. If your nation was foolish enough to dump its gold reserves post-fiat, it would simply become poor. Manipulation has been about imposing dollar hegemony.

>Governments not owning bitcoin is a good thing for bitcoin.

No, not in the slightest. The main reason why gold will soar is because Russia, China, etc. will issue gold-backed currencies. The production lies with them, and they will demand gold for their production. If the Western nations don't give them gold for it, they will get nothing. Hence the Western nations will also have to go back to gold. If citizens need to pay their taxes in gold, Bitcoin will have absolutely no value. And no nation-state will ever trade its goods and services in exchange for thin air rather than money of an equivalent intrinsic economic value. A return to gold will also kill the lie that Bitcoin will replace gold, which is its alleged use-case.

>>25746326

Moonboy cult-leaders are deluded at best, traitors to liberty at worst. They divided the anti-fiat community and allowed this evil ponzi scheme to go on for years longer than it ought to have done so. Max Keiser used to have a "Buy silver, bankrupt J. P. Morgan" campaign until he turned coat. You could buy the annual investable supply of silver ten times over with the market cap of Bitcoin. The COMEX should have defaulted years ago.

There is also the consideration that Bitcoin is fool's gold pretending to be real gold. If advocates for sound money didn't argue against it, then why shouldn't they buy Bitcoin also? We argue against it because we know it is fraudulent, and want to gain rather than lose our purchasing power.

[Anonymous No.25746634]

>>25746529
40k is more of prize pool. Once dump start only few will cash it for that considering how slow BTC transactions are. Also, you have finite number of buyers in the world. If most already bought their share based on hype, who will buy from you once dump start? That's why it gets scary once mainstream media starts to talk about BTC. Because at this point ponzi scheme is saturaded and it's usually safer to exit.

[Anonymous No.25746643]

GBTC AUM increased 1.13 billion in ONE day. You faggots are doomed.

[PMG Baker No.25746654]

>>25746529
It is primarily used to take the offshore money from hedge funds and private individuals to use bitcoin and tether as a money laundering. Who else can afford 10-20 bitcoin at the current price?

[Anonymous No.25746672]

>>25746529

>if Tesla truly had 0 value then why is it worth a 1,743 P. E. ratio? something seems off with your logic and understanding. reevaluate.

[Anonymous No.25746693]

>>25746625
Don't be so harsh on cryptofag, they allow us to buy cheapies for people late to the party like myself. Only have 4k on miner, hopefully bitCON bubble don't burst yet.

[Anonymous No.25746694]

>more crypto autism, like every fucking thread
Why don't we just rename the general to Nocoiner general? Nobody is forcing you to buy it, stop getting salty when the price goes up 6 gorillion percent. Fundamentals don't matter, until they do, and if you were really confident in that it shouldn't matter what some fool over there is doing.

[Anonymous No.25746698]

>>25746529
40k is more of prize pool. Once dump starts, only few will cash it for that amount of money considering how slow BTC transactions are. Also, you have finite number of buyers in the world. If most of them already bought their share based on hype, who will buy from you once dump starts? That's why it gets scary once mainstream media starts talking about BTC. Because at this point ponzi scheme is saturaded and it's usually safer to exit.

[Anonymous No.25746704]

>>25746643
Compare to the day previous. You fags are gonna cry.

[Anonymous No.25746730]

>>25746694
>he thinks jew will let him stack in peace

[Anonymous No.25746771]

>>25746584
>>25746625

>Will this affect silver much?

The end of the dollar will end silver suppression, so it ought to return to its historic 15:1 ratio with gold. I imagine also that the Latin American nations will return to silver as money. Governments will also start stockpiling silver again. Jeff Clark talks about this here.

https://goldsilver.com/blog/the-potential-looming-catalyst-for-silver-no-one-sees-coming/

[Anonymous No.25746787]

>>25746620
>pure and wholesome Waifus
basadu

[Anonymous No.25746834]

>>25746625
>You could buy the annual investable supply of silver ten times over with the market cap of Bitcoin. The COMEX should have defaulted years ago.
lmaooo THIS is the reason you seethe on this board every single day. Get dabbed on nigger

[Anonymous No.25746892]

>>25746694
No one want to discuss it, we are simply flooded with shitcoiners smugging around with their fake gains they can't cash out.
Reality is WE bother them because they don't understand how can we display so much confidence while they themselves are so unsecure about what they own, because they know it's a ponzi who could collapse at any minute. Just for the peace of mind alone i would never want to own any shitcoin.
Imagine you take a nap and when you wake up it's worthless. Well, this scenario is in the back of the mind of every shitcoiner.
Meanwhile my ounce will always remain an ounce and will always require a lot of human labor, huge quantities of oil transformed in energy and big monster machines to extract and transform.

[Anonymous No.25746933]

>>25746892
>I'm not mad, THEY are mad
Just shut the fuck up and ignore them then instead of playing "neener neener" like a fucking 8 year old, Jesus Christ. If I wanted to discuss how not-sound bitcoin is as money there are 100 other threads on the catalog I can choose from.

[Anonymous No.25746972]

>>25746634
Why is the price so volatile if transactions are slow ?

[Anonymous No.25747004]

>>25745824
Nicola I like. Could be wrong, but Blue Lagoon's weeder poo CEO is a red flag for me. Watch some interviews

https://www.youtube.com/watch?v=GhAoaa1PV14

[Anonymous No.25747062]

>>25746892
>can't cash out
Cashed out 100k in 2020, cope

[PMG Baker No.25747067]

>>25746620
Welcome back. We all been banned by jannies once in a while.
>>25746787
Based bars
>>25746892
This is true. They do not understand the yield and chaos around them while believing they tame it. It is this benign understanding of the reality that allows them to believe everything will continue to go up. They are engorged in delusions, fantasy, and hedonism that can not be salivated until the music stops. Why do think there is an analogy between music and a bubble? You have to be entranced into the song and dance to ignore where you are going. Only when you feel the cold hard floor do you realize how far you were out of touch (which is fundimentals). Without that floor, you do not know anything.

[Anonymous No.25747071]

>>25747004
why is she pointing up in her photos like a jihadi?

[Anonymous No.25747078]

>>25746834

I have already made far more money on junior silver miners than people who bought BTC in 2020.

You fail to understand the point which I have made. Crypto cult-leaders are directly responsible for propping up the evil system under which we live. They are diverting capital and attention away from sound money, and into an immoral Bilderberg/central-bank scheme. When you buy silver you are doing your part to kill the bankers, when you buy Bitcoin you are supporting them. Advocating for Bitcoin is morally equivalent to advocating for a company which sells arms to a tyrannical regime, except ten times worse.

[Anonymous No.25747119]

Anyone has experience with celticgold?
Legit or nah?
considering them only because they seem the only ones in yurop accepting shitcoins in exchange for metal

[Anonymous No.25747158]

>>25746419
Thanks for the reply, although surely any online transaction involving a UK bank account will be trackable by the government. If you wanted to be anonymous then cash or a cryptocurrency like Monero would be your best bet.

And a couple of follow up questions:
1) Would you say it's better to invest in gold coins or gold bars? From what I've read, gold coins can be completely exempt from tax (both VAT and CGT) while bars will be subject to CGT. Although gold bars are apparently sold with a lower premium so maybe they're better for larger investments.

2) Is silver and platinum worth investing in if you have to pay VAT?

[Anonymous No.25747189]

>>25746972
Transactions can take up to 10 minutes by design. If price will start nosediving, you will know after 10 minutes. Good luck knowing then for how much you should sell if you don't want to be stuck with useless 1s and 0s. I understand you're optimistic because it seems like free money, but reality of ponzi schemes is that only few can be winners.

[Anonymous No.25747238]

>Precious Metals

okay boomer

enjoy your 0% annual returns

[Anonymous No.25747282]

Are PMG fags going to rope when gold gets smashed by peter schiff pumping his bags again next week?

[Anonymous No.25747298]

>>25747078
>t-that was my money it should have gone into silver
>youre morally obligated to pump my bags

[Anonymous No.25747311]

Are PMG fags going to rope when gold gets smashed by peter schiff DUMPING his bags again next week?

[Anonymous No.25747316]

>>25747067
caught a 3 day for the schiff daily dosing bitcoin gif lol

[Anonymous No.25747347]

>>25747311
if by rope you mean cheapies then yeh

[Anonymous No.25747360]

Bitcoin 41k,
Gold 1840
Silver 25.6
What went so fucking wrong guys

[Anonymous No.25747381]

Buy Zcash.

[Anonymous No.25747384]

>>25747158

>Would you say it's better to invest in gold coins or gold bars? From what I've read, gold coins can be completely exempt from tax (both VAT and CGT) while bars will be subject to CGT. Although gold bars are apparently sold with a lower premium so maybe they're better for larger investments.

Only certain coins are exempt from CGT in the U. K., namely Sovereigns and Britannias. This is the case for both silver and gold. You do, however, have to pay 20% VAT on silver, so you might prefer either to buy silver miners, or purchase the silver on BullionVault or Kinesis instead, and store it overseas. The government confiscated gold coins in 1966, and they might confiscate bullion again, so having a hedge overseas in e. g. Switzerland or Singapore can also be useful from that point of view.

>>25747298

>youre morally obligated to pump my bags

I don't need you for anything. The system is going to collapse any day now, it's simply a shame that cult-leaders caused it to be prolonged for a few years longer than was necessary. As soon as that day comes, one quadrillion dollars of financial and banking contracts will be chasing a minuscule supply of silver, and your cryptocurrencies will instantly go to zero.

[Anonymous No.25747392]

These threads have gone to shit.

[Anonymous No.25747415]

>>25747078
Bitcoin bad I’ve made more money in Muh fake paper stocks this year!11!1!1! kek never change faggots

[Anonymous No.25747476]

>>25747384
>any day now
T. Goldfags 25 years ago

[Anonymous No.25747492]

>>25747384
They’re all moving over to bitcoin you retard. Gold and silver aren’t scarce.

GBTC is going to overtake GLD THIS YEAR.

[Anonymous No.25747497]

>>25747238
>>25747360
>>25747381
>>25747415
what the fuck

[Anonymous No.25747532]

>>25747392
yes. the last few days was a shit spiral for
pmg. too many intolerant brainwashed idiots regarding anything besides pms and minors
everyone needs to throw away their television and stop listening to mainstream "news" and social media
evidence of brainwashment from the left's propaganda is strong in some anons here

[Anonymous No.25747589]

Guys I’m really thinking of selling my stack Monday? Tired of seeing everything else moon while metals suffer, now Biden is in its gonna be 4 more years of easy money this isn’t changing anytime soon

[Anonymous No.25747592]

>>25747497
bots, pajeets, zoomers
you get used to it. you think they could keep to
themselves with an entire board of pump and dumps. /smg/ is at least cool with us as far as i can tell

[Anonymous No.25747617]

>>25747384
Silver miner anon, my apologies if you already did this and I just missed it, but I’d love to hear your thoughts on CMC Metals Limited. Thanks.

[Anonymous No.25747637]

https://www.kitco.com/news/2021-01-08/Gold-price-plummets-100-this-week-as-economic-outlook-remains-grim-bitcoin-competes-for-safe-haven-status.html
I think bitcoin won

[Anonymous No.25747660]

>>25745216
I had a dream of gold, then btc and now BOND. The road of evolution

[Anonymous No.25747704]

>>25747637
can you hand one to me? what is bitcoin backed by? a dollar? what's the dollar backed by?

[Anonymous No.25747719]

>>25747532
We are heading right toward a global bolchevik regime, exactly as bill cooper warned us back in the 90's. It is the mysteries' schools goal since millenias, and they finally are about to reach it.
Billy must be doing fucking backflips in his coffin as we speak. Down to the fucking word everything he predicted unfolded. And not because he was a prophet, but simply because (((they))) never hide it in the first place, you just have to read them to understand. Starting with Republic II & III from Plato.

[Anonymous No.25747777]

Gold would be at a 100K and still mooning, but everyone with a braincell knows that the COMEX exists for bankers to rig the price and crush any attempts at a real bull run.

I buy gold to dedollar savings and hedge against getting banned by banks, so I can pay my bills and survive. If the day comes in my lifetime that the Great Ponzi dies and gold achieves its true value than I will be blessed. But I don't hold my breathe.

I buy crypto for the same reason I buy stocks. It's a massive pump and dump scheme (orchestrated by Chinamen rather than the Fed) and if you don't take advantage of it you deserve to lose.

The system is fucking rigged. Learn that fact and abuse it. Fighting against it makes you principled but poor. If you want to live that way fine, but don't complain about your fucking choices.

[Anonymous No.25747788]

>>25747592
>/smg/ is at least cool with us as far as i can tell
They experience the same spam than us, not to such extend as we do. Feelgud to know our tiny little general make (((them))) seethe so damn hard.

[Anonymous No.25747793]

Can we all agree that silver is a garbage metal that is a byproduct of base metal mining?

[Anonymous No.25747801]

PANMAN! I had to look back a few breads to find the posting about a geologist job. Applying today after my lunch. Cheers brother man!

[Anonymous No.25747813]

>sold all my cryptos
>my silver is stuck in postal limbo
>my portfolio is technically 100% fiat right now

I don't feel comfy /biz/bros

[Anonymous No.25747817]

>>25747617

Yes, I was in the thread when you asked me about it. Didn't know anything about the company so simply said that it looked interesting and thanked you for introducing me to it. I looked a little further; if I understand correctly, they have 1.2 million ounces of silver. Doesn't seem like a lot at first but then Starcore has 2.2 million, Bayhorse 7 million, and these companies can always find more. And as we said before, 2.2 million ounces at 120,000 of production per annum suffices for a 10-year-long silver bull market. The silver is also pretty high-grade, 555.66 gpt. If it is what it seems to be, and they really do have a mill, then it seems like a fair opportunity relative to other small potential or producing silver producers (Bayhorse $14 million, Starcore $15 million). As Bayhorse is the same market cap I'd still rather buy Bayhorse, but I will keep my eye on CMC.

[Anonymous No.25747820]

>>25747777
"he just left, with quads!"

[Anonymous No.25747831]

>>25745397
Newfag here
what is the difference between buying gold/silver and gold/silver mining i see people talking about all the time
I assume its buying stocks in mining companies?
And what are the pros and cons of one over the other?
I figured just buying the gold silver yourself would be better than mining? is it just a cheaper/less safe option?
Thanks in advance.

[Anonymous No.25747837]

>>25747801
not him obv but good on you, good luck!

[Anonymous No.25747937]

>>25747813
on the plus side, you are now a meme.

[Anonymous No.25747939]

>>25747837
Thank you kind sir. I run a failing parking solution start up thanks to COVID now. I have 2 customers for the next 5 years but they understand I need a reliable job and they don't mind I service them after hours. I only do about 3 hours of actual work a week. I want to get back into geology since that's what I studied. I love gold and hard work.

[Anonymous No.25747969]

>>25747704
Yes if you hand me $41,000. How much gold would that be?

[Anonymous No.25747970]

Silver is literal garbage.

>The year is 2030, silver is only worth $40. A >gallon of gasoline is $10. Silver stackers have all >resorted to being homosexual escorts in order to >feed their families.

[Anonymous No.25747979]

>>25745216
does anyone not autistically leave the tag on?

[Anonymous No.25747984]

>>25747831
Physical is actual coins and bars. Miners are mining companies which are divided to juniors & majors; and producers, developers & explorers.
>And what are the pros and cons of one over the other?
Physical metal carries no counterparty risk. You hold it, you own it and your metals cannot go bankrupt. Mining companies can, and are inherently rather risky as investments -- especially juniors that carry higher geological uncertainties and don't usually have any cash flow. Although with mining companies you can get gains, you can't get any with just the physical metal really. Physical is for hedging against hyper-inflation and mining companies are for seeking profits.

[PAN MAN No.25748030]

>>25747801
currently sitting here waiting for ventilator fan to be fixed. Great news mate! Always love seeing this!

[The Devil !!IS5d++ZfZqB No.25748039]

>>25746427
Just because you don't understand it does not mean it doesn't provide value, ot provides quite a bit of value in security/fungibility.

[Anonymous No.25748057]

>>25747969
trick question, you cant have my gold. nice try tho

[Anonymous No.25748096]

>>25747939
ygmi anon, keep working hard and show your future boss you're worth taking in!

[Anonymous No.25748162]

>>25747793
t. Retard

[Anonymous No.25748165]

>>25747937
>I'm in this picture and I don't like it

[Anonymous No.25748215]

>not using crypto profits to buy gold/silver
if you don't do this you're retarded. my cost basis is nearly $1,000 per oz gold and 10$ per oz silver.

[Anonymous No.25748241]

>>25748030
I've mentioned to you in the past I have been applying to some jobs in the industry. It's just a matter of time I hope.

[Anonymous No.25748250]

I have 1500 ounces of silver I cant wait to dump for bitcoin when the silver to gold ratio hits 15.

[Anonymous No.25748265]

>>25747831

>And what are the pros and cons of one over the other?

You should always have a 10-25% position in bullion, because bullion can never go to zero, and provides security. How much you put into miners is your own personal choice. Large-caps are safest, small-caps carry most risk. If this doesn't turn out to be a real PM bull market, most small-cap miners will completely crash. But on the other hand, they are highly leveraged to the price of metals, and miners in general are more undervalued than at almost any other time in history. When silver doubled in the '60s, most silver juniors went 150x, >>25745559 and silver would have not merely to double but go 30x to reach its 1980 inflation-adjusted ATH of $800 (which was simply a return to a normal, historic GSR of 1:15). So small cap miners may give thousands of times returns in this coming PM bull market, and turn even a $1000 investment in a mining stock into $1 million. I am almost entirely invested in silver junior mining stocks because I am 100% convinced of the silver investment thesis. But you might want to be a lot more conservative in your choices.

If you don't know what you're doing with miners, safest route to take is to buy the large-caps or mid-tier producers, indices GDX, GDXJ; SIL, SILJ. They won't behave like small caps but they will do extremely well. Even SILJ would probably go 150x at $400 silver.

[Anonymous No.25748301]

>>25748250
you do know we can see which posts are yours here right? stop fud-ing and post stack or go away

[Anonymous No.25748315]

>>25746257
If we follow the path of the 2000-2012 Bull Market, an ounce of Gold will be well outside if the purchasing power of ordinary people even if the system doesn't collapse.

[Anonymous No.25748322]

Should I diversity the actual types of gold coins (eagles, maple leaves, krugerrand, britannias)? Or should I just stick with golden eagles as they will be the most accepted in the USA?

[Anonymous No.25748325]

>>25748301
don't waste time with the retard

[Anonymous No.25748346]

BTC makes me want to fucking die
I know I'm right and I know it will crash but it fucking kills me to watch it

[PAN MAN No.25748366]

>>25748241
it might take a while but keep bugging them

[Anonymous No.25748382]

>>25748325
yeah your right, i keep taking bait.

>>25748322
get as close to spot and buy what you like anon.
eagles are about to get uglier after the 2021 half year

[Anonymous No.25748405]

>>25747817
Thank you. It’s on my watchlist as well. I’ll perhaps stick with Starcore as my next purchase instead of CMC, but nice to have at least a half dozen or so companies on a watch list after some of my positions start to multiply in value, or if there is some type of black swan event with one of my miners. By the way, if you ever get annoyed with me asking your opinion on new miners, let me know. I feel like, at the very least, I personally owe it to you and PMG to bring something new to the table, after all that you, PAN MAN, and the rest of the anons here have provided me in terms of guidance, advice, and discussion.

[PAN MAN No.25748409]

>>25748322
Gold is gold, it just depends on your preferences.

[Anonymous No.25748481]

>>25748315
absolutely no previous market can compare to this one. World global currency bursting, paper PM bursting, NASDAQ and SP500 bursting, you can't even put a number on how high silver and gold will cost. That's why I don't think too much about that, I will consider my position solid once I hit 10k invested in miner in august. You won't need more than that I think to make it.

[Anonymous No.25748545]

>>25745814
>*massively reduces the value of your gold*

Buy the dip.

[Anonymous No.25748550]

>>25747158
This guy >>25747384 has it spot on, silver in the UK has VAT and with sellers markup it can give a 30%+ premium which is a bit shit. For this reason I tend to go for secondhand silver as its cheaper for but form countries that have lower/no VAT, estonia, belgium and germany are all 0/lower than 20%. No tax as far as I can see with gold though. The choice between coins and bars is more about liquidity, coins like sovs are easily and highly traded, bars not a much due to counterfeit risk (which isn't massive but is larger than with coins).

Been hearing good things about monero but I just haven't done my research yet. Since I dont have any crypto its all a bit new and confusing for me

[Anonymous No.25748590]

anyone on PMG listen to chris cole? looks like Long Vol is the best play rn

[Anonymous No.25748700]

>>25746257
>>25748315

Alasdair Macleod points out that "in 1922-23, country estates and residential properties could be acquired for very small amounts of gold — $100 bought a six-bedroom house in a fashionable street in Berlin, when US dollars were trusted gold substitutes at $20.67 to the ounce." It costs about 150 ounces to buy a normal house right now, so we have a long way to go. Gold going at least 10x and silver 32x sounds about right to me. (Dollar-numbers of $18,500 and $800 are potentially misleading because the nominal prices in debased fiat will be much higher when we get to that point, and what matters is purchasing power.)

>>25748405

Thank you Pacifico anon (again sorry that I can't think of a better name), don't worry about it. I respect you greatly for having learned so much and attempted to share what you have learned with other people. As I have said before, you are one of the most intelligent people I have met, and your asking so many questions is only a result of an admirable curiosity.

[Anonymous No.25748750]

>>25748265
Let's say hypothetically I put $25k in miners now, and they really do go 100x or 1000x, cementing my /made it/ status. What do you think would be a safe asset moving forward from there? The obvious answer is "gold duh" but I feel like it will probably be overvalued by that point. Is it just a "wait and see" sort of deal?

[Anonymous No.25748757]

[Anonymous No.25748804]

>>25748750
Maybe a variety of assets? Real estate, gold, other equities, any physical asset that would maintain its value fairly well...

[Anonymous No.25748837]

>>25748750
Something that will provide value to you. I will do something like 25% PM, 50% rental real estate and 25% stocks from solid company. You just need to solidify your made it statut.

[Anonymous No.25748877]

>>25747004
I agree, I don't understand why blue lagoon is shilled so much here. Big red flag for me is when he says he's not going to evaluate how much money he could make on the concentrate he has, that he'll just process it and see how much that generates. It screams to me he has no plan and no idea about what he is going to do with the money, and no idea of how much things cost. Big lack of experience which will lead to a lot of "unexpected issue" that will only be due to his inexperience of having no plan.
I hope I'm wrong and anons make money but I'm not touching that stock.

[Anonymous No.25748982]

>>25748322
What ever is cheapest but I personally don't mind losing $50 to get a AGE. I stopped drinking and smoking so I got lots of money to burn on premiums.

[Anonymous No.25749025]

>>25748750

After previous bull markets, metals crashed, because the Fed was able to raise interest-rates, or lie that they would do so, and so kill their momentum. But if the dollar really is going to die for good this time, then gold ought to go 10x and stay there forever, silver 30x and stay there forever, and that will be that. Metals will simply be money again. So converting your miners into metals will simply be realising your profits for ever and ever.

[Anonymous No.25749106]

>>25748750
Once PM's are peaking, DCA sell PM stock and buy into the next round of undervalued things. The upcoming commodities 'bull market', predictably precipitated by 'inflation' (which really should be called: currency devaluation) won't unfold at the same rate for all commodities.

It's easy enough to rotate into other commodity classes once PM's are finished mooning.

Generally, such things are means-to-an-end, not ends in and of themselves. You eventually need to move into income producing assets and have more than 1 stream of income otherwise you aren't hedged against a complete collapse.

money's just not worth that much in any society other than this one, it's not worth putting all your energy into getting rich, you want to spread it around to other things that are 'worth more' than money, like community / family / hobbies.

can't put a price on the peace of mind of not owning crypto. needed to mention that.

[Anonymous No.25749115]

>>25746643
>>25746704
i dont know what this means

[Anonymous No.25749230]

>>25748877
>Big red flag for me is when he says he's not going to evaluate how much money he could make on the concentrate he has, that he'll just process it and see how much that generates.
To be fair -- I know next to nothing about the company -- some companies don't do PEA's or FS's before beginning production. Impact Silver for example doesn't even have any resource estimates for their currently producing mines

[Anonymous No.25749258]

>>25748590
how do you invest in long volatility?

[Anonymous No.25749303]

>>25746625
> sir, the workers demand to be paid in gold
> find some new workers!
Global supply lines started adjusting over a few months of delivery issues during covid, imagine what would happen if China started to demand gold in exchange for their plastic toys.

[Anonymous No.25749335]

>>25748757
>>25748590
Interesting timing with that second pic and my previous post, that does seem like a nicely balanced portfolio which stood the test of time.

>>25748804
My one concern is that the money I have to invest is already sitting in a Roth IRA, so ideally it would stay there until I can withdraw penalty free when I'm 60.

>>25749025
I'm not banking on a complete reset, just a good bull market, but that would be a nice outcome.

>>25749106
Owning crypto is fun, both the highs and the lows. Obviously I'd rather have just the highs but it's not like I'm staking my life savings on it, just the potential to *have* significant life savings.

[PAN MAN No.25749339]

>>25748877
I agree with you on that front, Blue Lagoon's CEO doesnt seem like hes comfortable yet in the space, but he does have a fairly solid team around him to steer them on the right path. They have done everything right so far, drilling is still underway, the underground operations are ready to go, water management is strengthened, on site OPs is ready. Dome Mountain is basically good to go. The copper project on Onion Mountain though is way further down the line, that hasnt even got an official mining permit yet, only on going infill drilling.

[Anonymous No.25749369]

>>25748750
Probably something like berkshire and maybe bonds. It will be something very cheap and everyone will fucking hate it.

[Anonymous No.25749425]

>>25746672
Are you so delusional you think tesla has a value of 0?

[Anonymous No.25749469]

>>25746529
>if BTC truly had 0 value then why is it worth 40k?
You can't really have reasoning that bad, right?

[Anonymous No.25749548]

>>25746771
Mexico/Peru have every incentive to adopt a silver currency. Mexico already nationalized their oil reserves

[Anonymous No.25749611]

>>25749339
>>25748877

Add to which, the CEO acquired Blue Lagoon in the first place for 13.52 million shares, at a value of $2 a share, from the two elderly gentlemen who used to own the property. This in spite of the fact that $68 million has been spent on the project, and 99% of the work towards production has already been done. So Rana Vig has already shown himself to be an astute businessman.

>>25749425

>Are you so delusional you think tesla has a value of 0?

A normal P. E. ratio is 15. Tesla needs to crash 99% to get to fair value. That's as good as having no value from the point of view of an investor who buys in now.

[Anonymous No.25749727]

>>25747238
I don’t buy gold and silver for gains. I buy other shit for that. I buy gold and silver as an insurance policy against the dollar and other fiat currencies. Crypto has its uses don’t get me wrong, but if you can’t access the network or the exchanges get nuked for (((reasons))), your crypto is useless.
Plus I like spreading my gold and silver on the floor and rolling in it like fucking Scrooge Mcduck. That feeling can’t be beat.

[Anonymous No.25749767]

>>25747189
>Transactions can take up to 10 minutes by design. If price will start nosediving, you will know after 10 minutes
Not how it works, grandpa. Btc is traded on centralized exchanges now, buying and selling is instant and does not rely on transactions on the btc blockchain, that’s only needed when you want to move your btc between the exchange and your hardware wallet.

[Anonymous No.25749774]

https://newrepublic.com/article/106601/feces-and-gold-standard-psychological-explanation-goldbuggery
what the fuck

[Anonymous No.25749935]

>>25748590
Long vol on equities is too expensive

[PAN MAN No.25749965]

>>25749611
That was very savvy on his part, because if the original owners had passed away before selling or optioning the property it would likely have gone to the banks to deal with and been sold off in chunks.

Also, I really should know this but for the life of me I cant remember the original owners of the properties names. They held that property for nearly 15 years and were on site all the time but for some reason I cant get them to pop into my head. Back than it was Metal Mountain Resources and Gavin Mines running the show, at least I think thats who I was working for at the time anyway. I am still on shift but if someone could find that info for me that would be great, its really bothering me for some reason.

[Anonymous No.25749998]

>>25747592
/smg/ is politely waving to you while going nuts deep in MARA and RIOT, and replacing the old advice to keep 10% of your portfolio in PMs with the advice to keep 10% of your portfolio in btc.

[Anonymous No.25750022]

>>25748750
In this scenario you are assuming the end of hyper fiat debasement, otherwise you wouldn't be selling miners. Short term the best solution would be a broad basket of whatever currencies end up being stable. Yuan, ruble, maybe aud, chf is Switzerland doesn't follow the USD to zero

[Anonymous No.25750038]

>>25749774
>Jewish economists denouncing a gold standard using the pioneer of jewish pseud bullshit
You can't make this shit up!

[Anonymous No.25750063]

>>25745423
Excellent reflections bro

[Anonymous No.25750083]

>>25747777
Remember, if you invest in bitcoin you will end up rich, if you invest in PMs you end up with your dick in your hand and an angry schizo rant like this guy.

[Anonymous No.25750099]

>>25747970
kek and still precious metal cucks here will say “thnx for the cheapies”

[Anonymous No.25750100]

>>25749258
If you have to ask that question the answer is that you shouldn't. But volatility just means go down fast. You'll have to figure out strategies to make money on that

[Anonymous No.25750153]

>>25749998
>replacing the old advice to keep 10% of your portfolio in PMs with the advice to keep 10% of your portfolio in btc.
BTC is highly market correlated. You'd split the 90% stock portfolio into partly crypto/BTC. PMs replace bonds.

[Anonymous No.25750161]

>>25748215
WOW so you’re up 80% on gold and 125% on silver holding for a decade? Well bitcoin does that every few months, kek

[Anonymous No.25750167]

Brit bros, what's better?
10oz Queens Beasts or 10oz Britannia silver bars

[Anonymous No.25750218]

>>25748057
I don’t want it, the logistics of the transfer and to store it alone would make it not worth it. No, you’ll have to find some fool that will take your gold for dollars, then send me the dollars electronically and I’ll send you the bitcoin electronically. You know, how business is done in the 21st century.

[Anonymous No.25750269]

>>25750218
>you'll have to find some ABSOLUTE RETARD willing to take your oil for dollars

[Anonymous No.25750302]

>>25747984
>>25748265
thanks for the info anons

[Anonymous No.25750309]

Gold bugs be like we’re going back to the horse and cart anyday now, buy the dip
Guess which one bitcoin is

[Anonymous No.25750335]

>>25749611
I agree he seems like a very good business man. I had a quick look at the stock of the weed company he managed and it didn't go down in 2018-2019 like almost all other weed company stocks, so he must've put something solid in place. Still, the interview above really turned me off for this stock.

[Anonymous No.25750349]

>>25748346
> I know I'm right
You’re wrong.

[Anonymous No.25750354]

>>25750309
Meanwhile horse semen is the most valuable liquid in the world

[Anonymous No.25750406]

>>25749965

I went looking for the previous owners' names; it is strangely difficult to find them, but did stumble upon this article which seems pretty curious. You were right about Metal Mountain and Gavin:

https://www.mining-journal.com/gold-and-silver-news/news/1349327/%E2%80%9Cthere-is-greater-sense-of-urgency-for-producers%E2%80%9D

"Gavin and Metal Mountain Resources said last year that a trial run of its Dome mine ore through Nicola's mill had recovery rates of 94% and 85% for gold and silver respectively.

Under the agreement, Gavin is expected to ship up to 40,000 tonnes of mill feed per year to Nicola's 200 tonne per day mill facility."

Seems that Gavin and Metal Mines had an agreement to use Nicola Mining's mill, just as Blue Lagoon is going to do so today.

With respect to the owners' identities, one "Gary Fife" says, "In 2008 - 2010, I was CEO of Metal Mountain Resources," but I don't think that is whom we are looking for.

I also find that one "Lloyd Tattersal" used to be "president and CEO of Metal Mountain Resources."

[Anonymous No.25750419]

>>25750167
Neither, as you have to pay VAT on top for silver

[Anonymous No.25750458]

How’s it feel to be on the wrong side of making money for a decade straight metalcucks? Plebbit tier idiots are literally getting rich from stocks and crypto and you’re not

[Anonymous No.25750462]

>>25749106
>can't put a price on the peace of mind of NOT owning crypto. needed to mention that
For me it’s the other way around. Not owning crypto would make me very nervous about my options in the future.

[PAN MAN No.25750475]

>>25750406
the two old boys who were managing the property were locals from the Bulkley Valley, that I remember. I ll see if I can go do my own snooping when I am back.

[Anonymous No.25750571]

>>25750458

>How’s it feel to be on the wrong side of making money for a decade straight metalcucks? Plebbit tier idiots are literally getting rich from stocks and crypto and you’re not

The top 1% have got rich from owning a ponzi stock market which is inflated by destroying the middle class. That's what really causes me outrage. You're simply one of their minions promoting their crypto ponzi scheme. They'll rug you and all the other moonboys when you are no longer of use to them.

[Anonymous No.25750604]

>>25750167
I'd say Queen's beasts. They both have VAT as >>25750419 said but the beasties are capital gains tax free and more people will re-buy compared to bars.

[Anonymous No.25750691]

>>25749258
>>25750100
Long Vol is betting on a big move to the up side or the down side. there are many ways to go Long Vol, calls on ^VIX (this is really hard to time and do not recomend), buy long out of the money calls and put on both sides. as you are betting on sharp rises on ether side. you can always just own left tail and right tail assets,(left tail Cash, Bonds, Puts) (right tail Gold, Silver, Bitcoin, equiities) and trade durring sharp moves to the left or right tail.

Chris Cole is the Long Vol god. id listen to his podcast with Grant Williams. man is straight up a wizzard.

https://ttmygh.podbean.com/e/teg_0010/

[Anonymous No.25750694]

https://www.zerohedge.com/news/2021-01-09/silver-price-could-double-again-within-90-days-time

[Anonymous No.25750733]

Imagine being so subconsciously unsure of your portfolio you start projecting in a first nation competitive digging general on a Laotian lotus silk weaving forum every day

[Anonymous No.25750756]

>>25750694
ZEROHEDGE!!1!!1!1!1!1

[Anonymous No.25750763]

>>25750694
>Silver prices double in 90 days
>normies finally notice it
>prices just keep going up as the normies start buying (paper not physical cuz they're retards)
>hodl and keep buying
>???
>profit

[Anonymous No.25750784]

Xth for crypto being backed by fiat printing

[Anonymous No.25750813]

>>25749611
>Tesla needs to crash 99% to get to fair value
Sure but tesla obviously has value. If you say “both tesla and btc are ridiculously overvalued” I would see what point you’re trying to make even if I would disagree about bitcoin. But if you say “bitcoin has zero value” I’ll think you are just dumb, and if you follow up with “just like tesla” I will know you are.

[Anonymous No.25750836]

>This sudden influx of cryptofaggots and fud out of nowhere
>Be confused about cause
>Remember that the EO sanctioning firms with even tenuous ties to China or Chinese money comes into effect on this coming Monday
>Remember that Twatter was already down 4% when the market closed

I wonder if we'll see several days of breakers getting tripped because of a slaughter in tech stocks.
>how low can you go?

[Anonymous No.25750883]

>>25750763
Yeh cos normies are gonna buy silver off some scammy website with a crazy premium and then wait for them in the post with all the mail fuckups, rather then just click buy bitcoin off PayPal with the vastly superior return and still lower market cap

[Anonymous No.25750921]

>>25750813
Except bitcoin has zero value. Ethereum actually has use value. Monero is a good token conduit. Bitcoin serves literally no purpose

[Anonymous No.25750931]

>>25750813
I don't see bitcoin going to 0, it would probably still keep at least a few % of its value in a catastrophic crash. In that way it isn't all that different from TSLA

[Anonymous No.25750959]

>>25750813

>Sure but tesla obviously has value. If you say “both tesla and btc are ridiculously overvalued” I would see what point you’re trying to make even if I would disagree about bitcoin. But if you say “bitcoin has zero value” I’ll think you are just dumb, and if you follow up with “just like tesla” I will know you are.

[Anonymous No.25750973]

>>25750883
>bitcoin has a lower market cap than silver
Kek

[Anonymous No.25751029]

BTC might make investors tons of money, but knowing when to sell seems like the hard part. This flurry of reports over the past few weeks that BTC will soon be worth hundreds of thousands of dollars is interesting. They don’t just want new investors FOMOing and buying right now, they want current BTC holders holding and riding it all the way to the top. This is such unethical behavior. People are being led directly to financial ruin and being lied to every step of the way by the government, media, banks, etc. How do these people sleep at night?

[Anonymous No.25751042]

>>25750153
>BTC is highly market correlated
Depends what you mean. Macro events can have similar impact on stocks and bitcoin. But since its March lows bitcoin has done 10x whereas the nasdaq has done about 2x. So what looks to you like a correlation in direction but not magnitude looks from the perspective of bitcoin like stocks ut had an 80% correction.

[Anonymous No.25751115]

>>25751042
>Your brain on damage

[Anonymous No.25751125]

>>25750309
They said that people would stop going to the movies when the Television was invented and said it again when Videotapes became common and yet it never came to pass.

[Anonymous No.25751164]

>>25750883

You can buy allocated silver on the Blockchain with Kinesis for only a 0.45% fee, which is less than Coinbase. It is 100x more efficient as a currency than Bitcoin (which is fundamentally unusable) _and_ has intrinsic value. All you need to sign up is some elementary KYC, again as with Coinbase. Only reason why they don't know about it is ignorance. The bankers push fiat crypto, not gold-backed crypto on the people because crypto is a banker tool to serve as a distraction from precious metals before all the moonboys get rugged.

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

[Anonymous No.25751181]

>>25750354
Not from any horse lol.

[Anonymous No.25751228]

>>25750571
>>How’s it feel
> angry
Figures.

[Anonymous No.25751236]

>>25751042
Correlations are normalized to scaling (magnitude factors)
Your height in meters and centimeters has a correlation of 1. You don't say your height in meters has a "99% correction". One goes down, so does the other. A portfolio of correlated assets is not an actually risk-diversified portfolio

[Anonymous No.25751237]

>>25745216
Where are good Canadian dealers?
Ontario fag here.

[Anonymous No.25751267]

>>25751164
Its actually 0.225% per side. So the buyer only pays half of 0.45. And if you only trade ceypto into gold you don't have to do the kyc ;)

[Anonymous No.25751317]

Thoughts on manganese?

[Anonymous No.25751403]

>>25750921
>bitcoin has zero value
Am I seriously going to have to explain the value of a Store of Wealth on a goldbug forum?
It’s impossible you don’t understand the value proposition. So you must be under the impression there is some logical reason preventing bitcoin from working as a store of wealth, which when it is discovered by the rest of the world will make bitcoin useless.
What reason is that?

[Anonymous No.25751419]

>>25751164
can you get the physical metal?

[Anonymous No.25751486]

>>25750959
Quite, which is why I pointed out that the hyperbolic version is too ridiculous to argue, whereas if we keep the hyperbole out there doesn’t seem to remain anything to discuss. You see, what I have cleverly done, and you have supperted me in doing with your pic related, is expose that the bitcoin haters on this general have nothing, they are intellectually bankrupt.

[Anonymous No.25751493]

>>25750973
1T vs 750b mongoloid

[Anonymous No.25751544]

>>25751164
Except it’s not physical, I can buy bitcoin and have it under only my control within 10 mins

[Anonymous No.25751576]

>>25751403
BTC serves no purpose that something like Dogecoin can't do. You buy it solely so you can sell it to someone later. There is no utility. It is awful at transaction speed. It is deflationary, and thus no one will ever want to actually use it.
There are many cryptocurrencies and tokens that fix these problems. Bitcoin is boomertech in an innovation space.

[Anonymous No.25751704]

>>25751403
>Its a store of wealth! Work went into making it
>next day all but 5 miners go offline
>exact same number of bitcoin with same value exist

>It's a store of value because people accept it!
>government abandon control of money
>bitcoin skyrockets in other exchange media that aren't deflationary: gold, silver, ether, monero
>everyone exclusively uses gold silver ether and monero for exchanges
>Gresham's law dictates that no one ever transacts in btc again and just hordes it
>everyone is hordeing a token whose sole use is from exchange
>a token that is valuable solely because it can be exchanged isn't exchanged
Recursion

[Anonymous No.25751743]

>>25751493
There are around 2 billion ounces of silver in the world idiot.

[Anonymous No.25751779]

>>25751236
I know. But if your goal is to outrun inflation, you either are or you aren’t. Currently stocks are the true inflation level for the wealthy. It works like this: unless you keep your money in stocks college tuition and medical expenses will run away from you so fast you won’t be able to send your kids to college. That’s the real inflation once you can afford food. If your neighbors keep their money in stocks, they can afford a higher college tuition, so it rises, but you stayed in cash, so you can’t.
Gold is supposed to be the answer to this, the store of value that lets you know that if you can afford college tuition today, you will also be able to do that in 15 years when your kids are grown. But gold doesn’t work that way anymore, for over 20 years stocks took over that role from gold. And now bitcoin is in the process of taking over that role from stocks. You are already two legs behind on this historical journey of mankind optimizing its medium for store of value.

[Anonymous No.25751850]

>>25751779
GLD has beaten fucking brk since inception you absolute fucking mong

[Anonymous No.25751862]

>>25751576
>BTC serves no purpose that something like Dogecoin can't do.
Here you are dabbling in computer science and making an utter fool of yourself as you do.

[Anonymous No.25751873]

>>25747392
>>25747532
At least the nigger is gone

[Anonymous No.25751887]

>>25751419

>can you get the physical metal?

"Holders of Kinesis currencies can redeem the coin and take delivery of the underlying physical precious metal guaranteeing intrinsic value with this cryptocurrency."

You can also take delivery on BullionVault, GoldMoney, and all other allocated platforms. Sometimes you need a lot a metal though. On BV you need a 1000 silver ounce bar, and with Sprott's PSLV you need ten 1000 ounce silver bars. But the physical delivery mechanism and regular audits are what ensure that allocated metal holds its value, even if you don't personally take delivery. GLD, SLV etc. are scams because nobody can take delivery there. Similar to tether, which nobody can cash out.

>>25751029

By definition, most people who invest in BTC won't see a penny of that money, because only a minority can ultimately cash out. In fact, most people never did make money in BTC. There were so many hacks on hundreds of exchanges. So many people lost their coins to hardware corruption, memory loss, keyloggers, transaction mistakes. So many people sold on any one of the many violent crashes, and lost everything. Every moonboy who turns up here likes to go on about "What you would have if you had bought BTC at x price," but few people did so and realised their gains. People who lose everything in BTC go away quietly, only to be replaced by a new generation of moonboys. It's a revolving door. Most present moonboys are probably elated by being up by a few x at most. But there is very little USD to crash out in; most of BTC is a tether-pump, and the exchanges mostly have reserves in tether. So by definition, most people in BTC will lose everything when the stampede out of BTC takes place. BTC is paper profits for the vast majority of its investors.

>>25751267

Thank you for the clarification.

>>25751486

If I say that something has "zero value," because fair value would mean crashing by 99.99%, then that is a good use of hyperbole.

[Anonymous No.25751910]

>>25751743
circulating you moron, no wonder you metalcucks are so fkn poor

[Anonymous No.25751993]

>>25751704
>exact same number of bitcoin with same value exist
Hopefully you notice the exact same argument applies to gold. Hopefully I won’t have to argue you on this one, I should expect all the gold bugs to rise up and demolish this argument.
> Gresham’s law
Is what gold bugs have relied on for millennia. Now an even harder money is here, the writing is on the wall for gold, and then you think Gresham’s law can be used /against/ the harder money?

[Anonymous No.25752013]

>>25751779
>It works like this: unless you keep your money in stocks college tuition and medical expenses will run away from you so fast you won’t be able to send your kids to college.
Yes, crypto is a speculative asset like stocks. Both track each other and at worse might perform as 0% inflation adjusted returns. The current mania/tetherprinting notwithstanding. Again, bonds and gold have always been about preserving wealth to protect you from speculative booms and busts. PMs are not competing for the same space as crypto. Stocks are.
And as long as bonds/treasuries give yields below inflation, they are negative return assets (currently those are being purchased in Europe). The added advantage of gold is to protect from tail risk events. When a country collapses, gold is what allows you to "relocate" your wealth from one country to another.

[Anonymous No.25752036]

>>25751910
You are a real stupid fuck

[Anonymous No.25752102]

>>25746397
Low IQs have a black and white mentality for everything. How the hell could anyone be sure that Bitcoin is 100% going to zero, and under a soon enough timeframe that makes it uninvestable. The proper way to approach the problem is to examine all the facts and give Bitcoin a bayesian probability of survival, and understanding the outsized gains that happen under that circumstance. Plug that information into your risk tolerance and you have a healthy hedge going. My 2% hedge became 10% of my portfolio. It's embarrassing the retards that hang out here repeating stale stocks that miner anons researched in months ago and you guys just take their word for it.

How lucky you guys are that there's good custodians here with good intentions. Unfortunately you've been misled by Schiff who is a joke in the gold and macro community.

[Anonymous No.25752136]

>>25751887
Would you agree there is a meaningful difference between two assets that both crash 99.99% and one bounces back to new ATHs every time whereas the other doesn’t? Would you agree that “zero value” to describe the bouncer because the value was momentarily low is not acceptable use of hyperbole?

[Anonymous No.25752139]

>that dump in price on Friday
will everything be okay gold bros?

[Anonymous No.25752144]

True one of the major issues with bullion, it’s all a fraud really, the dealers and shills suppress facts and deceive about the inflation rate, mines, how much is really in circulation etc, if silver ever hit $50 so many new mines would come up that it’d be suppressed forever, it’s doomed to be eternally cuckd . Bitcoin solves all of that with immutable transparency , if I’m investing real money in something I need to know all of that . Obviously something very funny is going on with metals to have this much sell pressure , likely the true inflation is half as high as fiat. It’s appreciation has barely if at all beaten inflation in the last decade . Total sham really

[Anonymous No.25752173]

Honestly, you can’t even call yourself a stacker until you have a solid base of Pampers. Pampers has been artificially suppressed by the big banks for decades now, and they can’t keep on doing it for long. History’s largest bull run on Pampers is just starting, and you’re gonna kick yourself forever if you don’t get in on it now.

[Anonymous No.25752233]

>>25752173
>Why?
You just make us look stupidly retarded.

[Anonymous No.25752247]

>>25752036
he’s right it’s forever going to be suppressed by paper anyway, then add to that new physical miners must sell everyday

[Anonymous No.25752258]

>>25752173
Based father

[Anonymous No.25752265]

>>25751862
BTC unironically has brand name and that is it.
>>25751993
Deflationary currencies cannot work. Every time a hard drive dies, gets lost, corrupted, stolen, or destroyed that is BTC "forever lost". In a bitcoin maximalist fantasy world no one will want to SELL bitcoin because of the loss of BTC over time.
It is like trying to make a "currency" using the paintings of Picasso. No one will ever want to exchange it for goods. And then its value is determined by its utility. Which is zero since you can ctrl+paste the technology and start anew. Even better because the transaction speed would initially be much faster if you really wanted to repeat the ponzi scheme from day 1.
BTC is a concept with zero real world applications. There are dozens of other tokens and coins that do.

[Anonymous No.25752339]

>>25752139
dunno, seeing some people saying its going to keep going down next week too
kinda hope it does, new to PM's and would like to start buying as low as i can get it.

[Anonymous No.25752352]

>>25751779

Where did this myth come from that the stock market outperforms gold? Do people have an understanding of markets which goes back only eight years? Absolutely bizarre. Look at 1971-1984, when gold went 25x as the stock market went sideways, and crashed in real terms from severe inflation. That's the environment which we are going into now. Again look even at 2000-2021, the past twenty years. Dow Jones +200%, whereas gold is up 650%, and the present metals bull market has barely even started. >>25745559 Ultimately what you need to do is understand the macroeconomic picture. The dollar is going to die, and every country is preparing to return to gold, as Alasdair Macleod says. >>25745454 As soon as that inevitability takes place, BTC will immediately crash to zero, as having no use-case whatever.

>>25752136

>Would you agree there is a meaningful difference between two assets that both crash 99.99% and one bounces back to new ATHs every time whereas the other doesn’t?

BTC behaves just like everything else in the Everything Bubble. It would have stayed at $3000 in March if tether hadn't come along. This is demonstrable. Same case in the markets; every time stocks or houses crash, the Fed reinflates them with colossal quantities of Q. E. Trouble is that when the Everything Bubble collapses, every inflated asset will immediately loses every penny of its unfair value. Only gold, silver, and miners are still undervalued.

[Anonymous No.25752368]

>>25751993
No it doesn't you fucking idiot. If the demand for gold (jewelry, industry, and new money) is 100 oz a day and currently there are 5 miners each mining 20 oz a day and 4 of them shut down, the price of gold has to immediately rise to make up for the shortage of supply. Less work is being done and that production is no longer represented in new gold bars

If all the bitcoin miners but one went down tomorrow, the network would shit out the exact same number of bitcoin and the price wouldn't go up because the total mine output wouldnt change

Money cannot be deflationary you idiot. It everyone expects something to be worth more tomorrow, they hold it. One day people will wonder why they are holding literally useless tokens thaf have no tx volume.
Thats ignoring the point that no one would ever take a loan in a deflationary currency. You would take it out in a currency with stable valuation metrics

[Anonymous No.25752412]

>>25752173
I already have a basement full of pampers

[Anonymous No.25752424]

>>25752247
>the price of oil can't go up because new wells would get drilled

[Anonymous No.25752477]

>>25744179
Based pube poster

[Anonymous No.25752488]

>>25752424
Oil is manipulated to the upside, big difference

[Anonymous No.25752498]

>>25752233
10% of the images in these threads are chinese cartoons, try not to take yourself too seriously

[Anonymous No.25752596]

>>25752488
The price of lumber can't go up, look how many trees there are!
The price of copper can't go up, they'll open new mines!
The prices of eggs can't go up, they'll hatch new hens!

[Anonymous No.25752631]

>>25752013
>PMs are not competing for the same space as crypto. Stocks are
Let’s stick to bitcoin, since the argument becomes unwieldy when taking other cryptos that “do things” into account. I agree all other cryptos compete with stocks, so we don’t actually have a discussion there.
But bitcoin is a store of value, and so competes with gold. The point of a SoV, importantly, is not to be uncorrelated with the market! Already here several posters in this general reveal they don’t even understand their own domain. The point of a store of value is exactly this: I have enough money to buy a house today, but I am not in the market for a house today, though I will be some day. If I keep my money in cash, the day I want to buy the house I can no longer afford it because house prices go up. But if I instead buy gold today, the day I want to buy a house I can, because the price of gold goes up to match the rising price of houses.
This means that if house prices go down, and gold also goes down, it has still kept its promise to let you buy a house at a later date. In fact, you need a store of value to be completely correlated to the general market, or the whole idea of storing your value in relation to assets on that market doesn’t work.
So, HOW does it work? Well, when assets go up, people take some profits and put into gold, making gold go along up in price. When the market dumps and people need cash, they sell both some stocks and some gold, making the price of gold follow the market down (as it should). The whole thing works for one reason: everyone agrees that gold is the store of value asset, so that’s where you store a portion of your profits from speculative assets.
Only that everyone doesn’t agree anymore. More and more people put the profits into bitcoin instead. That’s what all of this is about. And the writing on the wall is very clear and easy to read. Gresham has a new champion.

[Anonymous No.25752640]

>>25746771
The many reason why we in Latin America use silver instead of gold is that the latter its too precious ofr buying and selling, my dream is that the Goldback technology gets implemented worldwide so gold also becomes part of the money base.

[Anonymous No.25752661]

Dont you just love old euro silver?

[Anonymous No.25752877]

>>25752265
>BTC unironically has brand name and that is it.
If you had even a shred of literacy in computer science you’d know how embarrassing your statement is, since you obviously don’t trying to explain to you would be a waste of time. But for anyone lurking with a brain, look up the double spending problem and how many solutions to that problem are known by computer science, and what the name was of the inventor of that one, known solution (Satoshi Nakamoto).

[Anonymous No.25752880]

>>25752631

>Only that everyone doesn’t agree anymore. More and more people put the profits into bitcoin instead. That’s what all of this is about.

Do you not see that you could have made this precise same argument to say that every bubble in history was a store of value. You need to have the foresight to look beyond the bubble and ask yourself "What purpose does Bitcoin serve after the dollar collapses." When Russia and China and the other productive nations say that they will only give you goods and services, only if you give them gold--when every government is demanding taxation in gold, when you must have--what place is there for Bitcoin, the useless bit of thin-air whose use-case was to replace gold, and which can't even function as a currency? There is no place. Fundamentals always re-assert themselves in the end, and we are only moments away from the end of the current financial system.

[Anonymous No.25753015]

>>25752265
>is like trying to make a "currency" using the paintings of Picasso
Here you are exactly right. You could extend this argument to shoot down every crypto trying for the “currency/payment” use case. So good thing btc doesn’t try to compete for the “currency” use case, just like gold doesn’t (gold fails at this for the same reason btc does, Gresham’s law). Btc competes with gold for the store of value use case, where we also as it happens compete with Picasso paintings.

[Anonymous No.25753042]

>>25752631
>But bitcoin is a store of value
You can't keep repeating a lie because you want it to be true. No one is exchanging bitcoins for houses or bitcoins for sheets of copper or bitcoins for food. Gold has for thousands of years been used for this purpose in every country of the world and can be still in much of the world. The only thing that "prevents" it is when governments ban it as a check on their fiat. And when those governments fail, gold again becomes king as happened in Zimbabwe, Venezuela, and might happen soon in Turkey. You don't NEED the middle man of fiat. OR you can just leave your country entirely. It helps that gold itself is a unique element with unique applications. This utility helps to ground it.
BTC is overwhelmingly bought with fiat with the expectation of trading it for more fiat in the future. It isn't used and it serves no auxiliary purpose or function (like tokens). You buy it because you expect someone else will want to buy it for a higher price. That is it. At least stocks have a tenuous link to the profits and in sufficient quantities, a place on its board. BTC is a ponzi scheme where you hope the music doesn't stop while you are in it.

[Anonymous No.25753061]

>>25752877
>>25751862

You sound extremely insecure, 17AaicLB, which is a trait which I find to be common among moonboys. You keep insulting 0U2RKvXJ's intelligence even though he doesn't do the same to you.

>Am I seriously going to have to explain the value of a Store of Wealth on a goldbug forum?

>Here you are dabbling in computer science and making an utter fool of yourself as you do.

>If you had even a shred of literacy in computer science you’d know how embarrassing your statement is

The Blockchain technology of Bitcoin is independent of Bitcoin, Kinesis makes use of it as well. 0U2RKvXJ is entirely correct when he says that "BTC has brand name and that is it." It doesn't even have the network effect, since that belongs to gold (a 5000-year-long network effect).

[Anonymous No.25753091]

>>25752877
>why yes, Carl Benz did invent the autmobile, therefore Daimler is in and of itself an investment in cars and it cannot be replicated by every other company
You are actually fucking retarded. The point is that bitcoin and a fork of bitcoin that implements the exact same future code should have the exact same value. The reason botcoin sv or bitcoin vault isn't the same price as btc is literally memes

[Anonymous No.25753316]

>>25753015
>You could extend this argument to shoot down every crypto trying for the “currency/payment” use case
Tokens do not have this problem since they have mechanisms tied to the underlying that allow for more to be generated. It fixes the deflationary currency aspect of BTC by not having an arbitrary cutoff point for the maximum number that may be created in the first place. You either don't understand or are being obtuse about other crypto technologies on purpose. Your name calling kind of betrays the former.
>>25752877
That would be blockchain, which is not unique to BTC

[Anonymous No.25753341]

>>25752352
Gold beating the market is not part of the SoV investment hypothesis, it sometimes does of course but when it beats the markets so handsomely one has to suspect price manipulation. Which I know /pmg/ suspects.
Let’s throw the pretense away. SoV is a great thing, but you guys are currently speculating on gold and I am speculating on btc. In a nutshell, your hypothesis is that gold has been artificially kept down and that that is about to end. My hypothesis is that btc is still undervalued and is about to undergo price discovery.
For the end goal of SoV, yes only one will stand as winner. But for this bullrun, I think our speculative hypothesis are not incompatible. You can become rich because the gold price can’t be kept down much longer and I can win because btc is worth a lot more than it is currently traded for. But neither case has anything to do with the fundamentals we compete for, that showdown is a decade away at least.

[Anonymous No.25753462]

>>25753341
>OK WELL ITS ALL JUST SPECULATION ANYWAY GUISE!1!1!1!!11

[Anonymous No.25753523]

>>25752368
>If all the bitcoin miners but one went down tomorrow, the network would shit out the exact same number of bitcoin
Oh I see, I misunderstood what your argument was about (I thought you meant a situation where no more gold or btc were ever mined, and that you implied btc could not hold its value up under such circumstances).
Seeing what argument you meant, my counter is that, yes you are correct, but inverse it: gold price goes up, so new miners start mining more gold, pushing the price back down again. Btc price goes up, more miners mine but more btc does not enter the market so btc price keeps shooting up.

[Anonymous No.25753593]

Was the original intent of Bitcoin noble? Was it designed to actually solve a problem? Or was it meant solely to be a useless distraction from real wealth-producing assets from the very beginning?

[Anonymous No.25753627]

>>25746892
>shitcoiners smugging around with their fake gains they can't cash out.
dude, this isn't 2013. I started with pm and recently moved to crypto as well. quintupled my money in 2 months, reinvested a portion back into crypto, and bought a shit ton of austrian ducats. stop being so monomaniacal and have an open mind, to at least expanding your pm stack.

[Anonymous No.25753831]

>>25753593

Satoshi is Adam Back, the head of Blockstream. I'm 100% sure of it. I don't think that anybody could consider BarelySociable's evidence with a candid mind and not come to that conclusion.

https://www.youtube.com/watch?v=XfcvX0P1b5g

Then consider that Blockstream is controlled by the Bilderberg Group and the banks. That the authorities are turning a blind eye to tether. That the bankers are pumping Bitcoin on the futures exchanges. That the MSM, which the oligarchs control, are promoting Bitcoin incessantly as "the new gold." That Bitcoin was released about the same time as central banks began to announce CBDCs--as if it was intended to accustom us to the idea. That it was released when the dollar system was on the verge of breaking, and silver was about to deliver the final blow. I think it is obvious what Bitcoin was intended to be, and who created it, and for what purposes.

[Anonymous No.25753911]

>>25750309
What is with retards like you that think this is some kind of competition?

[Anonymous No.25753973]

All right bros here's a question i've had in my mind of a long time. Should i get in debt?

I've read about the german hyperinflation after WWI and how (((those who knew))) that inflation was coming got in debt to buy stuff and then that debt became meaningless.

Will something like that happen in the near future or is there something to make me pay my full debt even after a SHTF scenario?

[Anonymous No.25753982]

>>25753341
>SoV is a great thing, but you guys are currently speculating on gold and I am speculating on btc.
No. We are not speculating on gold. 4000 years of human history has proven that gold can outlast empires, kingdoms, nations, you name it. If I find a gold coin from the aztecs, or a Roman Aureus, or an Italian Florin, or a British Soveriegn, or an American Eagle all of them can be exchanged for goods or services equally with some numismatic value tied to where/when they came from (and only ADDS to the value).
It is not equal to some first world mania associated with adding a name on a public ledger that anyone else can duplicate in "function"
>In a nutshell, your hypothesis is that gold has been artificially kept down and that that is about to end.
I said nothing about any of that. But, as an aside, gold is great for both tail events. Both extreme inflation (Venezuela, Zimbabwe) and extreme deflation (the Great Depression). You fix purchasing power with it across time.
>For the end goal of SoV, yes only one will stand as winner.
BTC is not a SoV, so it can exist until its long term value is found (zero).
> You can become rich because the gold price can’t be kept down much longer
I have other assets meant to grow my wealth. I "lock it in" in gold. I am not speculating on the value of gold. I am securing my purchasing power. When it "goes up" in price its not because of gold, its because the fiat pair is dying. I don't want my gold to go to 200k, because it means everyone else is going to suffer. I do it to secure MY wealth.
By the way, I DO have a small part of my SPECULATIVE portfolio in crypto. But I consider it basically tied to my risk-on distribution like stocks.

[Anonymous No.25754003]

>>25753061
I only insult anyone who confidently asserts that bitcoin is not a computer scientific land mark whereas most other cryptos are either glorified excel sheets or btc clones. I’m sure you would feel slightly annoyed if you came to a party and there sat some guy with a guitar, he had just played hotel California so he had everybody’s attention, and was now using his status to explain that “gold is just a metal, like any other metal, only reason it is more expensive is brand name! Invest in iron bars I tell you, one day they will flip gold!”. Sure, you don’t care if that guy ruins his future, he deserves it, but the poor gullible saps who listen to him, you can’t help but feel a little sorry for them, so you call out “hey tard-boy, please explain how iron has the correct properties for a store of value” and save a couple of listeners from being drawn in to his idiocy.
Take it from someone with over 30 years in computer science that bitcoin and the alts are not the same, and I’ll take it from you that gold and iron are not the same.
Yes, you can speculate on steel and get rich, see CLF, and you can speculate on alts and get rich, see a lot of them, but that’s not the point of this discussion, agreed?

[Anonymous No.25754105]

>>25753973
You should be very careful with taking on debt, because if the debt is denominated in dollars, that definition may end up changing without violating the contract. I had the opportunity to take $20k in federal student loans this year to dump in PMs but I shied away from doing so because I don't think the future is as simple as "hyperinflation brrr"

[Anonymous No.25754165]

>>25753316
> BTC != blockchain
Bitcoin is a protocol by which network participants can mutate a blockchain. The value of bitcoin comes from the fact that bypassing the protocol to mutate the blockchain is impossible.
You are saying “but I can make a copy of your blockchain and mutate that with whatever protocol!”. However, that does not invalidate the premise listed above from which bitcoin’s value derives, so it does not diminish the value of bitcoin, and unsurprisingly it also does not infuse your blockchain copy with value.

[Anonymous No.25754174]

>>25754003
>I only insult anyone who confidently asserts that bitcoin is not a computer scientific land mark whereas most other cryptos are either glorified excel sheets or btc clones.
I said completely the opposite. BTC is worthless. The blockchain is possibly fascinating or useful in a wide variety of applications. But its implementation, in BTC, is inherently worthless. A deflationary currency with no unique use case or underlying asset that derives its entire worth from finding a "bigger sucker" to cash out in fiat or fiat-crypto like Tether. And it will deliberately prey upon the stupid who don't understand the space.

[Anonymous No.25754208]

>>25753462
No, I was trying to be polite by stating you still have 10 years to go before btc has eaten your market cap. But ok gloves are off, it will probably be more like five years. But you will have a chance to get rich when gold exit pumps soon.

[Anonymous No.25754222]

>tfw just bought an ounce of gold for only 1.5 eth from silvergoldbull

thanks uniswap shitcoins

[Anonymous No.25754287]

>>25754165
>The value of bitcoin comes from the fact that bypassing the protocol to mutate the blockchain is impossible.
Dogecoin achieves the exact same thing. And it DOES NOT mutate the protocol. It is a literal copy+paste. It is just a different ledger similar. BSV actually contains PART of the same exact ledger.
Nothing gives BTC unique value other than brand name which is absolutely ridiculous in a tech/innovation space.

[Anonymous No.25754309]

>>25753982
>We are not speculating on gold
Maybe not you, but this general is full of speculation about how gold will “moon” and how the price is kept down artificially. Lots of this general is about speculating. As you can see in some of my posts, I agree with you that’s not supposed to be gold’s role.

[Anonymous No.25754450]

>>25751029
You sell when the dot turns yellow-green to green-yellow. It's easy.

[Anonymous No.25754523]

>>25754309
>Maybe not you, but this general is full of speculation about how gold will “moon” and how the price is kept down artificially.
The possibly speculative metal is silver because that was kept down by abuse of paper derivatives from JPM for an entire decade. And that is not a conspiracy theory. They were tried, convicted, and forced by the courts to pay a fine and unravel their manipulation operation (whether they completely went through with it is another matter).
Anyone in this general saying "gold will moon" is saying "the dollar will die". And it is increasingly difficult to argue against that thesis given the monetary policies of the Fed and the fiscal policies of Congress.
I do not want gold to "moon". That would almost certainly meaning suffering of a large segment of the population that got duped into trusting the dollar.

[Anonymous No.25754630]

>>25745216
>Precious metals general
>entire thread has been about Buttcoin
It’s all so tiresome

[Anonymous No.25754634]

Are silver stackers the biggest faggots on biz? I think so.

Btc is eating your lunch fags.

[Anonymous No.25754640]

>>25754174
Lots of people claim btc is “boomer tech” and that new alts have much better tech. That argument is wrong, and people versed in computer science know why.
Then there are people who claim that any copy-paste clone of bitcoin should be as valuable as bitcoin. Anyone who understands the market mechanism behind a store of value will know why they are wrong.
Both these delusions are often marketed under the slogan “bitcoin only has brand name”. My apologies if I guessed wrong as to which particular delusion you are suffering under.

[Anonymous No.25754677]

>>25753831
This is really interesting. The reason it makes no sense to me is fairly rudimentary, as I’m a simple man: no one can explain what it actually does. Everyone has their own idea of what they think it might do, but very few people are actually correct. Plus, name someone over 50-55 years of age that actually know how to transact BTC. Remember that many developed nations have rapidly aging populations, and of older adults and the elderly cannot use, understand, locate, or have never even heard of BTC, it obviously will never be remotely successful, especially considering that older adults own most of the wealth in the west.

[Anonymous No.25754689]

The only utility silver has is its use in bitcoin mining. Otherwise it is a garbage metal byproduct that gay fags like to collect.

[Anonymous No.25754744]

bitcoin shitcoin altcoin silver boomer rocks 1000000% peter schiff tesla shiny utility store of value intrinsic proof of work energy

[Anonymous No.25754784]

>>25754689
>The only utility silver has is its use in bitcoin mining.
That’s more utility then bitcoin has.

[Anonymous No.25754785]

>>25752661
That's most of my stack dear anon

[Anonymous No.25754786]

>>25754523
Well I’m not arguing against anything you say here. Does it seem that I am?

[Anonymous No.25754817]

>>25751403
>logical reason preventing bitcoin from working as a store of wealth
let me explain, and please bare with me
>1. "wealth" is simply a word describing the act of having an abundance of the things that humans desire and can acquire; the car, the house, the vacation, the nice steak, etc
>2. "store" means to put something somewhere and keep it there for later use
the crux for bitcoin is the word "store"
see, the definition of "store" is to keep something for "later use"
"later" is not a defined point in time - "later" is indefinite

so for something to be a "store of value"; it has to represent the act of having an abundance of the things which humans desire for an indefinite period of time

gold meets these criterions by first representing an abundance of the things which humans desire; gold can be traded for a large amount of food, shelter, etc, and second by doing so for an indefinite period of time; it is impossible to define a definite point in time when gold will 'end' (and by ending, seizing to be a "store") because gold will outlast humanity, meaning that if gold has a definite 'end' it is meaningless to us since we will not exist at that definite 'end'

bitcoin currently represents and abundance of the things which humans desire; bitcoin can be traded for a large amount of food, shelter, etc, however bitcoin does not do so for an indefinite period of time; it is possible to define a point in which bitcoin will 'end' (and by ending, seizing to be a "store"), that ending will be whenever the underlying infrastructure of bitcoin ends - whether this is by humans abandoning the project or it being destroyed by other factors doesn't matter, once the project is abandoned bitcoin ends (abandoning gold doesn't end gold, it does nothing to gold)

same is true for fiat
fiat currently represents and abundance of the things which humans desire however we know that there is a definite point in time in which it seizes to be a "store" by ending, when we abandon it

[Anonymous No.25754826]

>>25754689
>>25754634

[Anonymous No.25754830]

>>25754640
>Lots of people claim btc is “boomer tech” and that new alts have much better tech
They do. Many altcoins exist BECAUSE of BTC's many weaknesses and attempt to deal with them in different ways.
>That argument is wrong, and people versed in computer science know why.
You haven't argued why. You are throwing around buzzwords that aren't actually about BTC but blockchain.
>Then there are people who claim that any copy-paste clone of bitcoin should be as valuable as bitcoin.
They should all have a value of zero. That will be their long term mean value. Dogecoin having any value at all speaks to how much of BTC is driven by a ponzi scheme fueled mania
>Anyone who understands the market mechanism behind a store of value will know why they are wrong.
Nothing you have said indicates you have any understanding of what a store of value is or does. Or what is meant by a currency or a means of exchange.

[Anonymous No.25754946]

>>25752661
The Chad emperor

[Anonymous No.25754972]

>>25754634
>it's another "PMs are direct competition to crypto" fag
What is with you guys? Are you gonna compare property to bitcoin next? Or collectible pokemon cards? Are you that insecure in your financial decisions?

[Anonymous No.25754980]

>>25747979
People even open their tubes?

[Anonymous No.25755020]

>>25754677

Yes, you make a just point. I don't think that it is necessary even to show that BTC is bad from a philosophical point of view. The Asian nations will force it to go to zero when they adopt gold, and that will be that. But the technical barrier in BTC is one of about thirty different reasons why it is fundamentally bad as a currency. Gold is simple and universal, every single person in the world understands it in every nation. But the alleged value in BTC can only be explained by a small number of technology-enthusiasts. Most people simply can never have the specialized knowledge to understand BTC. Notice also how abusive and aggressive the BTC advocates are, constantly insulting your intelligence if you don't understand something. I don't think that the average person would appreciate being spoken to, or thought of like that. Part and parcel with this technical barrier is that BTC would hand power to a small number of technocrats, and the masses would become slaves to Blockchain. Whereas 80% of the world's gold is in the hands of the people in the form of jewellery, and so decentralized.

[Anonymous No.25755064]

>>25754980
I do open 1 out of batch. Must check if it's ok somehow.

[Anonymous No.25755084]

>>25746557
I have 10 bitcoin left. Sold one last night and paid off the rest of my mortgage today. Feels pretty real to me.

[Anonymous No.25755124]

Soon a pirate
We're all gonna make it anons

[Anonymous No.25755126]

>>25754980
How do you know they're all the right year? Or that they're even all in there? Gotta at least take a cheeky peek make sure everything's in order.

[Anonymous No.25755133]

>>25754980
I always open and check everything to ensure I wasn’t sent rocks or lead. I recommend overcoming your autism and checking as well to make sure you don’t find out you got bamboozled 20 years from now when you go to sell.

[Anonymous No.25755164]

>>25755084
Grats man. Bitcoin is not for me but you guys have done spectacularly well.

[Anonymous No.25755171]

Finally took inventory on my stack bros, ~250oz silver 1.75oz gold, 1oz plat. Feels so fucking good I cant even tell you. I feel like I have money saved right now. Like no matter what life throws at me I have something to defend myself. I have some money in crypto, a 9mm gun, some collectibles, and some cash. Surely if I'd picked every "winner" in the junior mining stocks or I'd bought BTC at the dip in march of last year I'd be much richer but I would always feel uneasy about selling. About securing my money. About what happens if inflation happens and the money I cashed out is worth less and less every day. I make <50k a year and I was diligent in saving every possible way I could and putting the money in PMs. I just did the math and I cant believe I've saved over $10k at spot prices disregarding any numismatic value. It doesnt feel real. I always find a way to piss my money away on dumb shit usually but not this past year. I'm still a stacklet in the grand scheme of things and I need to focus on making more money so I can save more money but I can sleep easy at night in the mean time. Thanks bros.

FWTDHWATQUAD will only take payment in merc dimes frens, youve been warned.

[Anonymous No.25755244]

>>25755084
Congrats on locking in your gains. I also own a paid off house. Feels really good mang.

[Anonymous No.25755249]

>>25754689
kek

[Anonymous No.25755284]

>>25754817
I don’t disagree with any of what you wrote. That gold was the primary store of value for millennia due to its properties is not debatable.
That bitcoin will disappear with humanity is also presumably true (you could construct a sci fi story to the contrary, but you could also write a fantasy novel about dragons). Gold, otoh, will retain its SoV properties until the end of the universe.
But. We are talking about extremes here. Talking extremes, gold has a limit in the end of the universe. Is that relevant? No, not to anyone inside the universe. Is the mankind-scope of bitcoin relevant? No, not to any human.
So a relevant question becomes: from this point on, and for the lifetimes of our grandchildren, will gold or btc be the dominant store of value? I’m pretty sure it will be btc, because it has better properties than gold for store of value. That’s not an easy feat. For millennia it couldn’t be done. And it will be an equally (or even more) difficult thing to do to come up with something that has even better SoV properties than btc. That’s why people pretending maybe Nano or Xrp could fit the bill are annoying - in fact, the one group of people I’d think best at understanding that would be this general. You just don’t waltz in and have better SoV properties than gold. And if asset X (btc) somehow does that, you again don’t just waltz in with better SoV properties than X.

[Anonymous No.25755303]

>>25755064
>>25755126
>>25755133

[Anonymous No.25755320]

>>25755084
Shoulda bought gold instead

[Anonymous No.25755335]

>>25755020
What is fire. Me dont understand.
What is wheel. Me dont understand
What is mudhut. Me dont understand.
What is agriculture. Me dont understand.
What is germs. Me dont understand.
What is steam power. Me dont understand.
What is electricity. Me dont understand.
What is radio. Me dont understand.
What is tv. Me dont understand.
What is landing on moon. Me dont understand.
What is bitcoin.

Do you understand?

[Anonymous No.25755425]

What if I told you one day that pepe will be worth more than all of that silver combined

[Anonymous No.25755444]

>>25755335
True. A home computer and the Internet? dunno it don’t need to use it it’ll never effect me

[Anonymous No.25755473]

>>25746427
its worth what people will pay for it. quit seething

[Anonymous No.25755505]

To me, bitcoin is just a proof of concept. The only thing going for it is that it was first.
You could power a country with the electricity required to keep the network running, I don't see that as being sustainable over time.

[Anonymous No.25755507]

>>25751887
The question I have about Kinesis is how it manages to pay for the storage fees for the metal it claims to have. If, for whatever reason, the holders of the Kinesis token all decided to stop transacting for one or two years, who's going to pay the vault operators and the auditors?

[Anonymous No.25755545]

>>25754830
>You haven't argued why
I know, because this general is not the forum. It makes sense for gold bugs to take seriously and discuss the assault on their privileged position as SoV from Bitcoin. It does not make sense to waste time taking Nano seriously.
It is also very important to keep in mind that btc does not live and die by its currency properties, just like gold doesn’t. It’s the SoV properties that count. That is why all posters talking about how other cryptos are better at being currencies are missing the mark. Maybe they are, btc don’t care, and neither does gold. Btc, and gold, cares only about SoV and that’s why they compete for the same market cap. I think btc will eat up gold’s market cap imminently.

[Anonymous No.25755549]

>>25755124
I hold gold as well. I had a long talk with my brother today. We are both very upset. 60k dca into gold last ten years.

I cant even look at my gold bars right now. I could have had mutiple millions with btc. I cant even talk about it. Today paid off the mortgage but its bittersweet.

I love the feel of gold. I love holding it but fuck did we ever get fucked by Bitcoin.

[Anonymous No.25755552]

>>25755335

The authorities make central banking and the financial system as difficult as possible to understand, in order to enslave mankind. No different in the case of Bitcoin, which would also make people slaves to the banks via Blockchain. Money should be universally understandable, and the power of control over it should not be delegated only to a few.

>>25755507

I imagine that Kinesis would have to start charging vault fees. Which BullionVault, GoldMoney etc. already do. But if you didn't want to pay them, you could simply liquidate your gold and silver. It wouldn't be a problem.

[Anonymous No.25755582]

>>25753042
so what you're saying is Monero is actually the future of money because it's actually being used as a currency? based, i agree anon

[Anonymous No.25755611]

>>25755171
Well done anon. It's the same for me. I'm a poor student and wageslave, but in 2020 I managed to put 200€/month on pms. I have only 88 oz silver and 1.2 oz of gold for now, but I keep stacking

[Anonymous No.25755622]

>>25755505
you could power multiple countries with the electricity required to mine precious metals.

[Anonymous No.25755667]

>>25755444

My point is the world is moving forward. People say bitcoin will be the biggest rugpull ever. What if its the opposite and and stock and gold holders get rugpulled.

Something fucky is going on. Gonna get drunk and fuck my wife really good tonight.

[Anonymous No.25755668]

>>25755549
no you got fucked by being a midwit

[Anonymous No.25755707]

Apparently I ordered gold when I was wasted on New Years Eve.

[Anonymous No.25755714]

>>25755545
>It is also very important to keep in mind that btc does not live and die by its currency properties
Are you actually arguing that a cryptocurrency doesn't need to be....a currency? Then it's basically buying and selling air.
>>25755582
I have a very small Monero holding.

[Anonymous No.25755754]

>>25755505
You know of an alternative way to prevent double spending? Time to write a white paper and become world famous.

[Anonymous No.25755778]

>>25755171
based. Always physical before miner, at least for peace of mind.

[Anonymous No.25755785]

>>25755714
based.
im stacking monero and gold right now

[Anonymous No.25755862]

>>25755622
Now there's a great idea in the making, lets stop mining both and we'll see which maintains their existence, the various metals we've mined throughout all of mankind's history or the mined bitcoin tokens.

[Anonymous No.25755885]

>>25755668
How. I bought 20 btc at 400 a pop in 2016.

[Anonymous No.25755904]

>>25755582
>>25755785

This is the way.

[Anonymous No.25755962]

>>25755284
bitcoin is too frail for anyone with posterity in mind to use it as a store
you can get the plebs and the exuberant to use it but wise men will avoid it and keep to gold
>"Three causes especially have excited the discontent of mankind; and, by impelling us to seek for remedies for the irremediable, have bewildered us in a maze of madness and error. These are death, toil, and ignorance of the future—the doom of man upon this sphere, and for which he shews his antipathy by his love of life, his longing for abundance, and his craving curiosity to pierce the secrets of the days to come. The first has led many to imagine that they might find means to avoid death, or failing in this, that they might, nevertheless, so prolong existence as to reckon it by centuries instead of units. From this sprang the search, so long continued and still pursued, for the elixir vitæ, or water of life, which has led thousands to pretend to it and millions to believe in it. From the second sprang the search for the philosopher’s stone, which was to create plenty by changing all metals into gold; and from the third, the false sciences of astrology, divination, and their divisions of necromancy, chiromancy, augury, with all their train of signs, portents, and omens."

[Anonymous No.25755996]

>>25755667
I hold both but I assume that’s what’s happening, /they/ accumulated a ton of btc during the two year bear market, own enough of a chunk of supply to now push it and continue pushing it for the next decade, it’s hard to really doubt bitcoin can hit a million a coin when it’s 41k now 12 years after launch . They could never buy 1/4 of the gold supply as most of its still to be mined anyway, but they may have done that with bitcoin. I do think it’ll continue to outshine gold until it’s determined fairly valued compared to gold, so maybe 250k coin

[Anonymous No.25756017]

>>25755885
i mined it in 2011.

[Anonymous No.25756056]

>>25755904
based. gold is higher iq than bitcoin though

[Anonymous No.25756181]

How stupid it is to put 40% of a portfolio in Irving ? I may be overweight but I don't see how could something go wrong with this one anyway.

[Anonymous No.25756182]

>>25752631
>But bitcoin is a store of value,
Stores of value are not supposed to go up 402% in just a year. A store of value is supposed to be safe and non-volatile. No one knows where bitcoin will be in a week, let alone 10 years. But gold in 10 years will have slow, steady increases beating out inflation, which is what makes it a store of value.

This isn't even to say it's a bad investment, it's just not a store of value.

[Anonymous No.25756243]

I wonder if there was a Peter Schiff back in the tulip mania days warning people not to buy into the mania; how pissed off would the people that were talked out of buying near the beginning have been as the price shot up day after day and how stupid would they have felt for listening before it all fell apart...

[Anonymous No.25756277]

>>25756182
>Stores of value are not supposed to go up 402% in just a year.
wtf kind of a cope is this

[Anonymous No.25756345]

>>25756243
false analogy, the actual 'mania' bit of tulip mania (big spike in your chart) only lasted 1 year before it crashed forever :)
stop coping

[Anonymous No.25756352]

>>25756277
What's there to even cope? I'm not saying bitcoin is a bad investment, it clearly is a way in which one can make money. It has paid off for many people and seemingly is going to continue to do so.

My only point is that it's volatile which makes it not a good store of value. Stores of value are supposed to be safe and steady. This is all over the fucking place. I have no idea if it'll end at 100k in a week or drop down to 15k.

[Anonymous No.25756361]

>>25756182
>Stores of value are not supposed to go up 402% in just a year. A store of value is supposed to be safe and non-volatile. No one knows where bitcoin will be in a week, let alone 10 years. But gold in 10 years will have slow, steady increases beating out inflation, which is what makes it a store of value.
>
>This isn't even to say it's a bad investment, it's just not a store of value.

Not to mention that actual stores of value are fungible and thus won't get blacklisted by the US government.

[Anonymous No.25756420]

>>25756277
he's obviously wrong, if bitcoin was truly a store of value to rival gold there would be growing pains
problem is that bitcoin is not a store of value since it's too frail
cryptocurrencies get fucked over in 51% attacks all the time and that is simply not a risk wise men will take with their wealth

[Anonymous No.25756451]

>>25747492
XRP is the standard. Bitcoin is doomed.

[Anonymous No.25756461]

>>25756345
>>25756243

The analogy is as perfect as history allows. They didn't have a fiat world-reserve currency or Tether or Quantiative Easing in the 17th century, to re-inflate a bubble after it had already burst. I find it curious when moonboys say "BTC can't be a bubble, because it crashed and then re-inflated again." Look at the stock market or housing market for your analogy there. Fiat allows bubbles to be reinflated again and again--until the system suddenly collapses one day and you lose everything.

[Anonymous No.25756567]

>>25756420
>that is simply not a risk wise men will take with their wealth
This is my biggest point. Bitcoin is a risk. No matter what people say about it being a 'sure thing', they're here shitposting on /biz/ instead of fucking their harem of live-in concubines they bought with their supposed billions from prognostication on the market. Money is 100% there to be made, but a store of value is to protect money, not make a shit ton of money in a week.

[Anonymous No.25756590]

Gold preserves wealth
Bitcoin creates it.
I hold both for those reasons

[PAN MAN No.25756601]

welp looks like the Bitcoin guys have taken over yet another thread.

Shall I bake in a bit?

[Anonymous No.25756614]

>>25756352
it's a cope since most of the people in these threads (me included) expect a sharp correction in gold at some point, which is obviously a store of value, and obviously undervalued in terms of fiat

also maybe you should think about the fact bitcoin has only existed for just over a decade

>>25756420
>cryptocurrencies get fucked over in 51% attacks all the time
name 3 with a market cap larger than 100 million at the time they were 51% attacked
>that is simply not a risk wise men will take with their wealth
midwit, people take huge risks all the time, you have no clue how hard a 51% even is, thats a tiny risk. do you have a technical background in computing

[Anonymous No.25756671]

>>25755707
Based

[Anonymous No.25756690]

>go to check my favorite PM’s board
>full of fucking crypto shills again
Jesus you faggots are incessant. You have a hundred threads you could go be gay in and you choose to be in ours. Fuck off, not a single person wants you here

[Anonymous No.25756704]

>>25756614
>it's a cope since most of the people in these threads (me included) expect a sharp correction in gold at some point
So tell them to cope, not me. I never said anything to this degree.

>also maybe you should think about the fact bitcoin has only existed for just over a decade
I mean this kinda fuels my point that it's not really an established store of value.

[Anonymous No.25756720]

>>25756601
Please do. I’ll start the thread off with a question about pouring my own silver!

[Anonymous No.25756730]

so buy crypto to make some fast gains. Cash out and buy some PMs?

[Anonymous No.25756731]

>>25756461
>Look at the stock market or housing market for your analogy there
>Fiat allows bubbles to be reinflated again and again--until the system suddenly collapses one day and you lose everything
when did solvent people ever 'lose everything' in the housing crash? they still had their house.
also people still invest in stocks so you're basically saying that even if bitcoin crashes again people will still invest in it. you would be correct

tulip mania is a midwit analogy

[Anonymous No.25756773]

>>25756614
>crypto fag
>cuk in ID
KEK ALWAYS REVEALS THE TRUTH

[Anonymous No.25756794]

>>25756704
yeah, it's a future store of value currently in price discovery phase. no need to cope you missed out on making money by claiming things like 'its not a REAL store of value!!'
just be quiet and think about the fact you didnt make money and hopefully you will get over it and you wont have to seethe

this thread isnt a safe space for PM hoarders to seethe over cryptos going up.

[PAN MAN No.25756796]

>>25756720

New Thread!
>>25756774
>>25756774
>>25756774

[Anonymous No.25756824]

>>25756773
i own gold too

[Anonymous No.25756830]

>>25756773
>>25755320
This guy's ID is LilTonne, what does this man's stack look like??

[Anonymous No.25756896]

>>25756731

Without Q. E., stocks would crash by up to 90%. They only keep going up because of central banks. Bitcoin already crashed to $3000 in March, and would have continued to crash if tether had not intervened to pump it. When fiat dies, re-inflation will cease. Stocks will return to fair value, and Bitcoin will be reappraised at a value of zero.

[Anonymous No.25756968]

>>25756896
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
more relevant than ever
>Bitcoin will be reappraised at a value of zero.
no it wont because i will continue to buy it. even if ALL the fake liquidity went away, the price of 1 btc would still be higher than 1 oz gold

[Anonymous No.25756997]

>>25756590
>Bitcorn creates wealth
Absolute smooth brain midwits in this thread