/biz/ - Business & Finance

first, gold faggots seething

Anyone selling gold or silver in south Florida? I’ll do $2-3 over spot and $20 flat for minted coins

>Current stack

Well look what arrived in the mail!
I love these little Umicore bars. Have a load of them.

>>18879268
Poured silver is the sexiest silver

that coin looks precious

Just food for thought. Many of you fomo'd in on silver, gold when prices were high.

Here is an easy way to reduce your stack average considerably.

1, Find a seller on ebay offering 1oz gold or 1-2kilo bars of silver
2, Make sure he has few sales as possible
3, Make sure he is offering standard post
4, Place order, recieve goods
5, deny they ever arrived, post is very unreliable due to COVID (even signed for cant be proven as they wont take a signature
6, file a claim with ebay/paypal
7, free one-off win! (Only do it once)
8, see what that free bar does to your stack average
9, profit
10, consider it reparations from boomers

Numismatic guy from last thread - what are these rare coins that are dumping 90%?

>>18879098
Quees's Beasts are the best coins ever. I want full tri-set gold, silver and platinum.

Fortuna a cute.
CUTE!

>>18879827
Yeah, wait for the milk spot rape

Another advantage of Umicore and other poured bars. No spotting.

>>18879827
Why does she have a blindfold?

Have 100oz of silver and 5g gold, should I buy another 2kg silver bar or get 1oz of gold?

>>18880647
Silver all the way, the G/S ratio is just too high atm to buy any gold.

>>18878858
>picks the ugliest round ever seen
>cant backlink
This edition is a hard fail

>>18881681
You took too long to make the thread. I just copied and pasted the last one. Your carrier probably has a ramp

>>18881681
Cringe

>>18879337
Pic related is all that's needed to completely wipe you out, retard.

When you live in a glass house, it's not wise to throw stones.

>>18882241
Pic related.

>>18882241
Look why can't we all get along? I love crypto and I love PMs. Also a magnet doesn't wipe out your crypto holdings assuming you took proper precautions and wrote down your seed phrase.

>>18881681
It's a hobo nickel, you dunce.

Recently got a silvertowne 10 ounce silver bar. Seems pretty hefty. Bought from JM Bullion. And ordered a PAMP 5g gold bar coming in the mail. They seem to be reputable dealers but should I get a gold testing kit and strong rare earth magnet just to be sure?

just bought my first gold coin

is palladium doomed?

>>18885329
This or Platinum is too cheap.

Has anyone ever got hit with “in transit, arriving late” from USPS? Package was supposed to arrive yesterday but the tracker just says in transit arriving late. Pic related is what I’m waiting on from JM

>>18885329
Gold production was wrong, sorry.

>>18885909
Which is why I'm bullish on platinum

>>18879431
Dont do this. Only niggers do this. Literally every INR case I have received were from niggers in the ghetto with nigger addresses. Thankfully its easy to open a mail fraud case with the police department and submit the report to paypal/bank/ebay and get your local Post Master and the Post Master of your buyer to verify trace the package route all the way to the buyer address regardless if tracking was used or what shipping method was used. Even weight scans along the route for claims that an empty box was sent or if the buyer tries to get smart with a return with a box full of rocks instead of the item.

Mail Fraud is a felony no exceptions. I won all my cases.

>>18882692
Even worse. This is the basic bitch metal thread now

>>18886051
I doubt it

>>18879098
>He doesnt have any cool plat coins besides tranny coin
NGMI

>>18879431
you deserve the rope

>>18886122
Well you can always try your luck anon.

>>18886213
I wouldn’t do it but I know you don’t have a 100% conviction rate for mail fraud.

>>18886032
Me too, I inverted production and mined scale, so now you can see clearer how undervalued platinum is compared to all other metals.
Silver, Gold and Palladium are stacked in order, only Platinum is priced below it's value.

>>18886896
how many oz of plat to make it. I got my 3rd on the way

>>18887122
Depends on what you mean by making it. Platinum average price is x2 golds price.
$3400 per oz is not crazy when you look at palladium.
10 oz would be $34k from initial $8500 with premium on coins.

>>18887122
Historicly Platinum reached x5 Gold's price. 10oz would cost $85k with today's gold price.

>>18887710
Im ready for the plat moon. we just need the plat memes ready

so how is everyones day going so far?

More back yard assaying for me, maybe some map making, lots of planning to get out to the claims soon. O yea Fuck Trudeau.

>>18878858
gold good to have i bought many gold after goldman shiffer i saw on the internet. godl to the moon!

Want to learn about your regions mineral wealth, how to claim it and access it? Ask here and I ll give you a quick answer with some places to investigate.

Handy Links

How to gold pan
https://www.youtube.com/watch?v=ZCL6FKQZyoM [Embed] [Embed]

How to read a river
https://www.youtube.com/watch?v=axOgdmI3o3g [Embed] [Embed]

How to stake a claim
https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_mtclaims.pdf
https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/locatable-minerals/mining-claims/staking-a-claim

Basic tools
> gold pan, shovel / pick, sniffer bottle, hand lens, pry bar, sledge hammer, 10 gallon buckets

Literature on prospecting
>The Guide to Gold Panning In British Columbia by Barlee, N. L.
>Gold Panning the Pacific Northwest: A Guide to the Area’s Best Sites for Gold

>>18889691
Hey pan man anything good around austin texas? I also like cave exploring. The limestone around here i think is garbage for panning. And I think the laws are kind of stupid here for searchers.

>>18889751
hard to say but here is a link on gold in Texas in general. There are for sure at least 2 gold belts in Texas but there patchy and hard to trace, not a lot of work has been done in modern times to figure out where they are. https://www.goldrushnuggets.com/goldintexas.html

>>18880508
BDSM

is there ANY reason to hold Copper/Nickel/Bronze? I have some US coins that I might be able to sell to collectors for more than melt value. Namely:

Liberty Dollar (Clad)
Anthony Dollar
Buffalo Nickel
Jefferson Nickel (Not Wartime)
Liberty Nickel
Indian Cent
Lincoln Cent
First Coinage of Papua New Guinea Proof Set
Kennedy Half Clad

>>18890634
these metals are all in wide abundance, and only worth really anything by the ton.

US copper production is expanding 20% in the coming years.
Russian nickel mines closed due to market saturation, are are expected to be mothballed for 2 years until demand increases again.
Bronze alloy production is hard to track but its not all that valueble.

Basically unless your stacking in the tonnage there isnt really a point to go after coins of these metals.

>>18885694
Ordered from monument metals on the 15th of April. On the 19th got that message and have been waiting ever since. Contacted customer support and they said its happening with alot of orders. They said I can file a claim after the 20th day so I plan to do that.

>>18890746
What does it say now when tracking? My expected deliver by date is today at 8 but it’s still says in transit

>>18885329

I put 10% of my net-worth into Palladium at the top. Thought I was being a "diversified investor" with regard to precious metals. I think the only thing sadder than losing all your money on an internet coin is losing it all on a metal.

>>18890716
sweet, thanks anon

>>18885486
I believe it's both: palladium is in a bubble and platinum is underpriced. Both metals are heavily driven by industrial use and palladium is the metal used in catalytic converters for internal combustion engine vehicles. There was a palladium bubble in the early 2000s that ran the spot price to about $1,000/oz (Ford Motor Company got burned by this bubble) before crashing down to about $200/oz. During this bubble, auto manufacturers transitioned to using platinum in catalytic converters. It appears that once the palladium bubble popped, catalytic converters once again started using palladium.

For vehicles that use a diesel engine, platinum is the preferred metal for the catalytic converter. However, the past few years saw a diesel scandal as auto manufacturers were faking their emissions reports. This has caused a backlash that has accelerated Europe's current move to less polluting engine technologies (gasoline, electric) while also ending the expansion of the diesel car fleet into countries, such as the US that are largely use gasoline. Thus, even prior to the global shut down due to the SARS 2.0 pandemic, platinum has seen a drop in demand from ICE cars as they shift to using palladium and from diesel cars as the number of cars produced falls.

>>18890862
You can still sell and put the proceeds into something else. I believe you'd be looking at about a 30% loss at the moment. Unpleasant but not catastrophic.

This is just my opinion but I think palladium has further to fall. It was in a very clear bubble (look at the price chart) and with new auto sales due to fall off a cliff due to the corona virus shut down, demand for palladium is going to fall. Palladium is much more an industrial metal than a monetary metal.

>>18891083

Thank you for the advice, it's kind of you to give it.

>>18885694
No. JM has so far always been on time. You can always go ask your local post office in person

The batboi bullion is not available in europe. :( Only the other 2020 bullions are.

>>18891118
No problem. Look at it this way. You said you put 10% of your investable assets into Pd and it's down about 30%. All said and done, if you were to sell, your loss is 3% of your investable assets. All said and done, while all losses are painful, 3% isn't too bad. People who lived through the dot-com and housing bubble crashes saw losses of about 50% each time.

>>18891014
If you compare production costs and scarcity the prices should be:
Silver $25
Gold $900
Palladium $9,000
Platinum $10,000
Why are last two so cheap is beyond my understanding. Maybe we will reach those numbera one day.

It finally came bros, just waiting on my platinum now

Have £6k in cash, £5k in crypto and 35oz of silver. Planning on making my first gold investment soon to keep my portfolio a bit diverse. What do folks here recommend? Britfag if the currency didn’t give it away.

>>18891517
Because demand for those metals isn't very large.

>>18891517
Rarity has some bearing on prices but there must also be demand. Some years ago, William Shatner had a gall stone (or was it a kidney stone?) removed and was able to sell it at auction for about $30,000. Surely, there is only one gall stone that was taken out of William Shatner. If you had a gall stone, would you be able to sell it for $30,000 because, surely, no one else has a gall stone taken from your body? It would not sell for anything in all likelihood because, in general, there is zero demand for gall stones.

That is the case with palladium and platinum. Outside of their industrial uses, there just isn't a tremendous amount of other demand for it. For monetary purposes, gold is perhaps the best metal because of its color, density (in-hand feel), and resistance to essentially every substance encountered in every day life. Silver has its place as a monetary metal because of its color, density, and plenitude. Silver's plenitude makes it an excellent monetary metal for small transactions. There is a very practical reason that gold and silver were used as money by almost all advanced cultures.

The problem with palladium and platinum as monetary metals, IMO, is that they look like silver but are far more expensive. [They were also not really known until a few hundred years ago.] This goes back to cultural momentum but if an expensive metal can be easily, surreptitiously replaced with a less expensive metal, that metal is less desirable as a monetary metal. With today's technologies, it's much easier, although still a pain in the butt and requiring expensive equipment, to detect substitutions.

Barring monetary chaos or a massive bubble in precious metals, I don't see palladium and platinum hitting the price multiples of gold or silver in your posting.

>>18891885
Platinum was x6.5 gold's price in 1970 and x5 in 1915 and 1925.
That would be $8k-$11k.
History often rythms and with pt/au at 0.45 we can see a new giga pump once price start rising and people jump on a bandwagon.

>>18892022
I wasn't commenting about the price of platinum so much as I was commenting about the platinum:gold price ratio. In your posting I originally replied to, the platinum:gold price ratio is in excess of 11x. I don't see that happening.

That said, I do agree that platinum appears to be underpriced and I have about 15 troy ounces of platinum for funsies. If the platinum:gold price comes close to 2x, I'm selling all of my platinum. At the moment, due to the prices I bought platinum, I would probably sell a portion of it if platinum prices equalled gold prices.

>>18892022
i think most if not all people, including normies, would prefer a 1 toz. bar of GOLD over PLAT. so in this case platinum historical value vs. gold isn't very relevant. gold has 1000000X more sex appeal and better public image. to the point where much of btc's value is based on it calling itself the digital gold. when people say something is very good they say it is the gold standard. when sound money people talk they reference a gold standard. gold is more valuable and important than platinum. that's not just my opinion. it's public opinion. platinum is too niche. people have to even refer to it as white gold for them to understand it in jewelry terms.

it makes sense platinum is more valuable than silver due to the anti-corrosive properties, strength and rarity but it will never be more valuable than gold. central banks are stacking gold. the london price fix of gold is run by the Rthschilds. gold is so important that dictators are killed for it so their gold can be taken. we hear about gold all the time. gold is much more beautiful than platinum. only a fucking brainlet would buy platinum jewelry or rings. i can see why would want to buy it as an investment and hedge, but just don't count on it being more valuable or higher priced than gold. not going to happen. just look at mining stocks and etfs, all referenced in terms of gold or silver.

>>18890790
Tracker hasn't changed for me but since you still have a delivery date you might be in a better boat then me.

>>18891720
If you are going for a small gold investment I would recommend sovereigns nice design,small yet a full coin, inconspicuous as it looks like a penny so you can hide it in your wallet amongst your change and is widely recognised in the bullion world.
Decent premiums as well as a 1/4 oz (pure gold 7.78g) gold coin will cost you around £420 where as a sovereign with around the same pure gold weight (7.322g) will cost you £365.

If your going for a bigger investment just go for a full 1 oz Britannia or something more aesthetic like a queens beast.

Hope this helps.

>>18892288
Fuck man

>>18885694
Yes, I order a fuckload of stuff delivered by USPS and this happens from time to time. No worries. I recently had about $200 worth of silver end up at the wrong distribution center and it was almost a week late, but it did show up. Only once has USPS ever completely lost something I ordered.

>>18892286
Platinum bullion market is tiny, 4 million oz in bars and 4 million in coins. 8 million total.
Bitcoin hit $20k with 20 million supply.
Normies will jump on Platinum the moment media start taking about awesome gains it brings. And they won't find any.

>>18885694
that's what they say when packages are lost or stolen op you are fucked the mailman copped your loot I'm sorry

>>18879827
I cri everytime, gorgeous

>>18892770
Please be bait

>>18879827
thats a man

>>18879827
nice

9 weeks ago I ordered this. Came in today.

Love how it already costs more than when I purchased it.

>Have: 3oz gold, 80oz silver
>Plan: Buy 120oz silver and HOLD until shtf. Also, buy some Utah Goldbacks for the meme of it (20-30 of value in various types of bills).
>Note: am Leaffag

Thoughts? Criticism?

>>18893360
Forgot pic

>>18884045
Dude Just get a cheap scale and a magnet, Learn how to use magnet, weight and specific gravity. That rules out 99% of bs in partnership with not buying shit off eBay

What do you guys think?
>get a roll of mercurys and a few roos
>a roll of Franklin half dollars
>some Monarch hand poured bars?
>just save the cash and buy a spam can of nugget ammo?
Help me /biz/bros

>>18893446
Monarch hand poured. Endless fondling and no milk spots

>>18893446
Nuggets are a novelty at this point.

>>18893446
why all that shit just get silver eagles

>>18893537
Only good nuggets are Finns, namely the M39. Most others are overpriced memes
>>18893446
Monarchs are priced OK if you dont mind the shipping. They're a real treat to fondle. Me personally I'm avoiding any junk silver because the premiums are just too high

>>18893360
If you're a Canadian, why would you buy those trash Utah goldbacks? Even as an American I wouldn't touch them. You're better off buying PHYS which at least gives you better liquidity.

>>18893563
Eagles are like $24 a pop now. Poured silver is cheaper to stack

>>18884864
Never seen junk silver in that kind of wrapper before...where you git?

>>18893026
I believe JM insured the package yes? Call em and find out.

>>18893487
>>18893645
I had my eyes on the junk silver but I realized MPM had inventory in stock and I want to touch them so badly. They actually have less of a premium after shipping than the dimes/halves. I've been watching ebay auctions for mercurys so I'll probably go with the Monarchs

>>18893537
yeah I guess your right, just found a couple cans on armslist for $150 a piece and could be set for life

>>18893563
because junk silver is a good bartering tool and cool. ASEs are like $7 over premium at this point and other sovereign coins are more appealing imo

still stuck at home, almost buried my truck in a wet road. Can't dig yet, here are cool pics. Slab of silver ore from Kerr Lake Ontario a buddy just sent me.

>>18892744
>everything is a pyramid scheme
the promise of gains is hardly a reason to buy something

>>18893317
Nice Gotta love the maples, congrats to everyone who bought the dip

>>18893818
I almost bought some monarch the other day but decided to hold my cash for a bit and watch the supply side. Seems like gold is slowly coming back in stock and silver here and there. But yes you won't regret the monarch

>>18893997
Yeah, looks like things are leveling out a little. I'm going to wait at least until tomorrow to see what the price does, but just thinking about fondling those chunky boys makes it hard. Got my sites on the 5oz and 3oz

>>18886051
You sound like a seething kike and or glow nigger.

>>18893818
>>18893768
just is 15-17x FV. You are paying 15$ for .7oz of shit silver

i buy my eagles for 20-22/each pretty consistently, maybe you should stop fucking buying from ebay you tard

>>18893886
ore looks so fuckin cool m8

>>18886051
>get 5 people in different states to coordinate and confirm in a court case
yeah no

Sorry I'm late. I was busy gathering my life-sustaining supplies of gunpowder, ham hocks and guitar strings.

>>18891202
https://www.europeanmint.com/2020-5oz-silver-atb-national-park-of-american-samoa-coin/

5 left in stock. You're welcome faggot.

Poor fag stack. I couldn’t fit the rest on the muh wood.

Are engelhard gold bars rare?

>>18878858
Heads up if you're using a credit card.
Chase just suspended my credit card for trying to buy gold on apmex. Transaction was way below my credit limit and never missed a payment in years. I called them and they said it's a "periodic review" and apmex transactions are flagged as fraudulent no matter the amount. I will supposedly get a mail letter in 10 days with the result of the review.

>>18894299
That's not a poor fag stack

>>18894314
Sounds very Jewish

>>18894380
10 day thegoyimknowshutitdown pause

>>18894317
You need $1 million dollars to retire. That is a poor fag stack.

>>18889633
Hey anon, do you consider carrying a gat for wildlife and other people as necessary?

>>18894208
Im sorry you spent your trump bux on Jordans swishers and purple drank instead of buying gold and silver. If you want to be a turbo nigger and jew someone on ebay go for it. You might get away with it, you may not.

Have fun.

>>18894213
Don't eagles have a FV of $1? Silver is silver and the constitutional is a nice way of stacking for the long haul. ASE are going for over $23 on every site and they're pretty much the buffalo nickel of gov't mint coins. I'd rather have some nice roos or Britannias

>>18878858
So how many months do we realistically have left to stack? I'm just getting in to this but I'm already regretting all the money and time I've spent on stupid things that could have been gold and silver...

>>18894907
-2

>>18885694
Mine actually arrived a day early. I would imagine it is just a fluke deal and could show up tomorrow.

>silver still at $15

When will it rocket to Saturn and beyond?

>>18894229
i know especially this stuff. all that white stuffs metallic silver argentite.

>>18894304
not that I know of but I think they arent on display as much online as there so much more expensive than their silver products. Its probably something you have to call in about through a broker.

>>18895116
Where can you buy American Silver Eagles at a small premium over the spot price?

>>18895518
Best prices I've seen by far are on PMsforsale. $450 BU rolls.

>>18894832
1 oz American Silver Eagles have a melt value of approximately $15 USD at the present. They have a legal tender value of $1 USD. What this means is that even if silver becomes utterly worthless, an ASE is still worth $1 and can be used to purchase things at that price.

>>18894711
yes I carry a lever 45-70 in the bush most of the time. You really do need them a lot more now, wild life and humans are interacting a lot more, and more dangerous critters are getting bolder.

>>18895518
The only option for those I see is buying it in a bundle with other shit. It makes the eagle about $20, but you have to spend $80 to get it.

>>18895546
>>18895685
Nice, thanks for the info

Sold the 2000 Libertad for 31$, and traded the 12 rounds for 12 2020 kangaroos

You guys gotta step it up

>>18895518
>>18895546
if you are willing to take a chance on plebbit..
https://www.reddit.com/r/Pmsforsale/comments/ge3u95/wts_tons_of_silver_and_gold_ases_maples_lots_of/

>>18894832
>>18895579
They do have FV of 1$, but they’re sovereign currency so you don’t pay capital gains on it fucknuts

So I take it engelhard bars are not rare?

>>18895797
they might command a small premium, similar to an asahi bar, but they're nothing crazy if that's what you're implying. I would say a 10oz engelhard would go from 200-230

>>18895797
silver ones no, they make hundreds a week when things are normal.

>>18895753
The issue of capital gains on ASEs and AGEs was discussed one or two days ago in one of these PMG threads. While the anon seemed very certain in his assertions, I find it very difficult to believe that the US government would allow any capital gains in these coins to be either untaxed or taxed at an advantaged rate. If that were so, the premiums on the coins would be far higher than they are.

In fact, doing a quick look up, AGEs are not required to be reported on Form 1099-B. That does *not*, however, make any capital gains from sales of AGEs exempt from US federal income taxes. They are taxed at the marginal rate, capped at 28%.

Those who don't pay the capital gains taxes risk audits and fines if the IRS should discover undeclared income. I'm not saying it's fair (investors should be able to at least deduct the rate of inflation out) but it is what it is. As Benjamin Frankling said, "Nothing is certain in life but death and taxes."

Are Britannia’s available any where right now?

>>18895952
So what you're saying is that I'm fucked?

>>18895974
ask on /pmsforsale/ you'll def get a response today or tmrw

>>18891517
Your numbers are totally retarded and have no grounds in reality, gold and platinum have an almost identical ppmt in the earth crust, yet you value one x10 compared to the other. Also gold have been mined for the past 6000 years while no one ever gave a shit about platinum, so if anything it's way more abundant under ground.

>>18895976
If you have a tremendous amount of PMs you want to sell all at once, it's likely that it will be very difficult for you to avoid paying capital gains taxes. I'm certain that for very clever people, there will be ways to sell the PMs that make it very difficult to track the sale and capital gain.

The best way to avoid the immediate capital gains taxes is to own PMs in a tax-advantaged account such as a 401K or IRA. Typically, that means you have to own PMs through ETFs like PHYS, PSLV, CEF, GLD, etc. However, for Americans, I do remember that there is a way to own AGEs and maybe ASEs in a tax-advantaged retirement account. Note, only precious metal coins issued by the US Mint qualify. You'll have to look that up yourself but I would probably recommend against it as I suspect the storage and management fees are going to be unreasonably high. You're better off owning an ETF and buy a rifle with a lot of ammunition. If the ETF company screws you, persuade them with your rifle. :)

FWIW, I believe that the ETFs such as PHYS, PSLV, CEF, which are trusts that own allocated metal, are safe. If they somehow blow up, the world has probably gone Mad Max and having gold or silver isn't going to help that much. You'd be far better off with tons of gasoline, canned food, guns, and ammunition.

>>18895884
>>18895893
Talking about pressed 1 oz gold bars.

>>18894314
WTF??!!
KILL ALL KIKES
ITS US OR (((THEM)))

is anyone else nervous about getting a single tiny gold coin shipped, like I feel like something could easily go wrong, and I'll be nervous until it gets here

>>18896391
You have nothing to worry about, and if you are buying from a reputable dealer the package is insured. It's not like the package is going to be the size of the gold coin, it will be 100x the volume.

>>18896089
>If they somehow blow up, the world has probably gone Mad Max and having gold or silver isn't going to help that much
this retarded meme... AGAIN
are all NPCs wired the exact same way?

>>18896391
No.

>>18896435
Yes, and if you are fortunate to be prepared enough in a scenario where people have to barter it will be easier than taking candy from a baby when you go to convince them to trade their metals for bread and water.

>>18894314
Devil's advocate: they might think that someone stole your card to buy PMs because it's an easy way to launder the stolen money. Honestly they are just jewing you. If they suspect a fraudulent transaction they normally just call you and go "okay just checking" before allowing the charge immediately.

>>18894314
chase is fucking trash. get huntington.

>>18893763
>PHYS
wuts?

>>18893763
>trash Utah goldbacks
Why they trash? They look rather cool and an ok price for fractional gold.

>>18896631
??? The Sprott Physical Gold Trust. It might have a different ticker symbol on the Canadian exchanges.

>>18896631
Just google it.

>>18896651
It's a nigger mormon scam.

>>18896679
Explain the scam please?

>>18896651
Can they be redeemed for gold? Has anyone tried to so? Do you have to go to Utah to redeem? If you think they're cool and would like to own some, there's nothing wrong with that. However, if you are using these things to hedge the purchasing power of the USD, liquidity may prove to be unnecessarily difficult.

If you're using the Utah gold backs as a way of owning gold, it's entirely possible that there will be a spike in the spot gold price and you will want to sell your gold to move into a different asset. If it takes you days, weeks, or months to sell that gold back, you may not be able to get the price you want as the spot gold price could fall rapidly.

Don't believe me? Take a look at what happened to the price of silver in 2011. If you owned silver in the form of bars or coins, you could have gone to a coin shop or an on-line broker like APMEX and sold it almost immediately at over $45/oz. In the case of APMEX, they will probably hedge their purchase from you with a futures contract while they await the delivery of your metal.

If you had diddle around with an illiquid instrument like the gold back, it might take you a week or more to sell it or redeem it during which the price fell quite a bit.

>>18896775
I'm pretty sure everyone in this thread that has expressed interest in goldbacks has made it clear that it's for the meme/coolness factor, not for liquidity or low premiums.

>>18896775
>Can they be redeemed for gold?
Gold is built-in.

I'm turning my safe into a Mormon cash register.

>>18896823
Yeah, and the premium is over 100%, that's the scam.

>>18896679
>mormon

>>18896823
>Prudence
>Virtue
>Justice
>Victory
>Liberty
Based as fuck.

>>18896858
Yeah but they are cool.

You faggots didn't quit stacking just because of a little stagflation, did you??

>18896806
OK. So these bills are never to be circulated because the gold will be rubbed off over time. If people like those things, there's nothing wrong with owning them for the fun factor but as an instrument for preserving purchasing power, they're poor. One gram of gold is over $50 USD. Those things have a mark up so you're not even getting 1 gram of gold with the largest denomination.

>>18896858
The way I see it my stack is for my grandkids. Pre-'33 Gold seal US Notes are worth hundreds.

...and this has /actual/ gold built in.

>>18896930
PMs are probably the only investment that works in a stagflationary environment.

>>18896710
This, They have gold in them, how the fuck are they scam?
I can see the premium, but you get that with any PM purchase, especially at fractional.

>>18896858
whats the math on that?. I do not see it.

>>18897002
Fuck off mormon glow nigger. I'm never buying a fucking goldback ever, ever as long as I live.

>>18897002
You're paying double the value of the actual gold content of the goldback. That's a 100% premium. You can get alot more gold for the same price at those premium costs. Hence it's a scam.

>>18897019

It amazes me so many people have a stick up their ass about certain aspects of stacking that they have to vent in /pmg/ which is literally about celebrating stacking. Fun things aren't allowed I guess, SPOT PRICE BARS AND ROUNDS ONLY.

>>18897045
Don't reason with the nigger.

>>18897054
GET OUT!!! GET OUT NIGGER!!!! GET THE FUCK OUT!!! >:(

>>18897045
Current GB price: 2.98USD
Current price of 1/1000 gold ounce: 1.70733 USD
Difference: 1.27267 USD

Ya a high premium, but learn math retard.

Additionally, you sell the goldback at the premium price so you are not losing anything.

>>18896969
*ahem*

>>18897149
There is no empirical evidence to suggest that cryptocurrencies will work whereas in the US during the 1970s, gold was the only long investment that protected or enhanced purchasing power.

>>18897149
fuck your digimon bucks

Does silver loose its value if its scratched, spotted, discolored, or anything? Government mint coins really but nice bars and other things too not just generic ugly rounds and plain bars.

>>18897387
In general, no. The only thing that matters is that the weight of the silver is as stated. Of course, for the same price, a buyer will probably prefer a shiny, unmarred coin, round, or bar over one that is scuffed or tarnished. But the real value of silver bullion is in the metal and not in its intangible (numismatic or collectible) qualities.

Pretty good discussion on the McAlvany podcast this week: https://youtu.be/MrHR2H30lOY

>>18878858

I bought a 1oz secondary market random bar.

Received "Heraeus Gold Bar - Republic National Bank of New York"

I guess these were minted in 1970s.

What do you guys think?

>>18896435
>>18896089
why do they all use the same 'mad-max' phrase..
definitly the jews.

Also, eagles went up to as much as 50/oz during 08 why the FUCK would i keep it in an IrA

>>18897560
never seen a bar like that before, got to love random bullion

>>18897560
that looks so fucking cool actually. that's a come up for sure.

How are PM's worth it if you have to pay a shitload of tax when liquidating and also sell for spot?

>>18897215
everyone will shift to btc eventually... fed is creating too much debt.. people still don't realize but when even the avearage joe will flow into fixed supply assets wheter pm or crypto they will skyrocket
but being all in metals and 0 in btc could be dangerous

>>18897561
I am hardly a Jew. I use the term "Mad Max" because it suggests that the entire infrastructure of civilization fails. So long as there is rule of law, there is not very much risk of something like PHYS going bust. There are some who insist that one must take physical possession of PMs due to risk of a wipeout in paper instruments. It would be quite difficult for that to happen except in a situation where there is an absolute break down in the rule of law.

Capiche? As for using an IRA, it should be obvious what benefits there are to using it. If you're thinking you can get away with not paying capital gains taxes without use of a tax-advantaged account, be my guest. Truth be told, I hope you get away with it because the taxation of what is essentially protecting one's existing purchasing power is wrong. But if you get caught and are prosecuted with solid evidence, you'd better hope I'm not on the jury because I'll vote for a "guilty" verdict.

>>18897768
If I buy any crypto, it would be Monero.

>>18897768
Only time will tell. However, I'm quite comfortable holding zero cryptocoins. I have assets other than PMs so I'm not betting my life on PMs.

>>18897731
if your smart, you know where to sell them with 0 taxes.

>>18894314
my paypal debit card was not accepted at JMB either. and i use it daily for in-store purchases. they don't want us buying metals.

>>18896335
/biz/ is a board of peace you glowniglet. we only shill, we do not kill.

>>18897731
because you don't immediately sell for spot. you wait until prices go up way beyond what you bought. and you don't sell to local coin shops (LCS) because they give you -$1 under spot. no one will actually buy your silver at spot price.

>>18897560
Nice bar

>>18897560
What site did you get that from?

>>18897797
>implying i have enough assets for the IRS to care

>>18897797
> I hope you get away with it because the taxation of what is essentially protecting one's existing purchasing power is wrong. But if you get caught and are prosecuted with solid evidence, you'd better hope I'm not on the jury because I'll vote for a "guilty" verdict.

But with jury nullification you have the right to vote not-guilty if you think a law is unjust or unconstitutional. So you think it's wrong but you would uphold the law?

>>18897712
>>18897588
>>18897944

Since you guys liked it here is the other side.

Unfortunately some light scratching. Could easily be cleaned up for fun tho.

It was an APMEX order.

I have 2 more random 1oz bars coming from SGB at some point this month. Kinda fun not knowing whats coming.

>>18896858
When you’re buy 1/1000 of an ounce, there’s gonna be high premiums. It makes sense but not for me.

>>18898140
Literally better off holding zinc pennies..

>>18897983
Classic jew

>>18898001
Tbh I'm a pessimist - I always assumed they gave you the shittiest most generic bars possible and just used lootbox psychology to bait you into buying shit that they cant even move. Proves me wrong as hell.

borred posting mine photos

>>18899513
pan man are you white?

>>18899526
yes very white

>>18899574
right on brother. have you ever thought about assembling a team?

>>18899586
I assemble teams all the time, usually 3-4 guys that help me do larger projects, but at the moment since i still have yet to hear back about my drilling and land / water use permits for drilling this year I think I may end up just placer mining this year instead. If I need people I have a laundry list of applicants to choose from.

>>18878858
is gold going up when the economy tanks? I'm trying to see 2k+

>>18878858
R8 my stash

Silver, 45 oz total.
Kangaroos x 10 oz
Silver Eagles x 5
Silver Krugers x 5
Silver Philharmonics x 5
Silver Maples x 20

Gold, 1.2867 oz total
Krugerrand 1979, x 1 oz
Gold Maple x 1/10 oz
20 Francs 1867 x 0.1867 oz

Funny, the year on my 20 francs is the same as the amount of gold in it.

>>18899586
>>18899865
I would join your gold cult, Pan Man. Do you ever wonder out to Arizona?

>>18899964
You need some junk silver.

>>18899986
I can't find any around here (Europoor). All junk silver coins are much more expensive than buillon coins, at least those I've found.

>>18899986
>>18899986

I'd love to own a large bag of junk silver coins. Especially as I wouldn't have to feel guilty fondling the fuck out of them.

>>18900014
You have a beautiful collection, props on the gold ounce. Ive heard that many parts of Europe have old roman coins laying about and aren't that difficult to find when using a metal detector.

>>18900044
It’s really true. They cant really get more damaged and silver just had a nice feel to it. I actually cleaned this one because Idgaf and don’t plan to sell it.

>>18900077
Before

>>18899975
I dont, I am too used to the cool highlands to function there, however I know two men who are looking for the lost Rambler Craine Gold Mine by Gold Field. Its amazing how fast things marked on archive maps can vanish without a trace.

More photos for shits and giggles cuz i need something to do.

To be alive in those days, when nuggets were sitting on surface, and creeks were all unclaimed....

imagine the gold just washing down the slopes, a water cannon in your hands, obliterating the landscape.

This is truly the most magical hobby there is, bar none.

It's a way you can spend all of your money on it, and still have a literal pile of money at the end. Having your cake and eating it, too.

>>18900191
looked better before desu, but only because the contours are more defined

>>18900057
No romans here (northern germany). Maybe some few silvers, but nothing much.

Francs and Gulden are somewhat cheap, though.

>>18900077
Also, I get to have a bag of 50-100 coins, that would just jingle when I lift it.

>>18901546
It’s true, uncleaned old coins look classy. But man that sucker shines and feels great to the touch.
>>18901592
At least there is great potential to find old coins where you are. I’m frustrated here(Arizona, US) that nothing is old, the entire area was built up around 1970. I just want some old houses to puts around their yard with the detector.

>>18901655
It’s true. I recently learned that even silver dimes pass the ping test nicely.

>>18901695
When all this virus bull is over, I need to get a bag of junk. Just talking about it is making me miss it.

>>18901674
I dont think there's a lot of chance of finding much around here, even with a metal detector. Detecting has been too popular, especially recently, that most of what is here has been found. Does feel nice to know that the land is old, and has been inhabited for millennia, though.

>>18901695
A roll of loose silver dimes in your hand is a nice feeling.

Both Apmex and JM Bullion are apparently out of silver. Haven't checked anywhere else. The fucks going on?

>>18902987
Check again. I just looked at JM and they have generic rounds, and ten ounce bars in stock. Didn’t bother scrolling down any further

Not sure what to do, lads. I ordered a bit of gold to the UK from APMEX, but now UPS wants me to fill out an "Investment Gold Declaration" before they'll release it to me. All I have to do is fill out the form, but there's fields for "Company Name" and "Position in Company". I'm not a business, I'm just a bloke.

>>18903557
https://findbullionprices.com/closest-to-spot/

>>18903670
Meant for
>>18902987

>>18903557
Just put "N/A"

>>18902987
JM gets stuff in every few days, it just sells quick. Check the In Stock section regularly they've had 10 oz silvertowne in for awhile though

>>18903557
We out here on the database boys lesgooo

>>18901192
That's the part that kind of sucks

Is it worth getting silver for 22,30$ per oz?

>>18904474
From what mint?
You dont have a local coin shop near you? If you do you could probably find a better deal in person.

>>18904498
everything is closed in my area. Should I wait for the lockdown to be lifted?

>>18904561
If you're in the u.s. I'd just buy https://www.apmex.com/product/23/1-oz-silver-round-secondary-market

>>18904561
Can you Bergers not buy from a localbank? In leafland its fairly simple to do so.

>>18904561
Or you could also try r/pmsforsale, I haven't tried it yet, bet I see a lot of stuff being bought and sold for less of a premium than what you'd find on big name bullion sites, just be careful because some people do try to scam there, I'd suggest figuring out the correct protocol for conducting business there before actually making a purchase.

>>18904598
>>18904609
>>18904649
I'm a yuropoor

>>18878858
Picked up 69 silver ounce perth mint kangaroos today, feels good.

>>18904665
What country?

>>18904649
I used it to buy a 20 peso piece. Prices are fine, just dont buy from someone that has 0 trades imo. Deals can be found if you spam refresh and wait for something good.

>>18904674
france

>>18904726
What kind of silver is being sold for that price?

>>18904798
Kangaroos, but delivery is expensive

>>18904844
At the end of the day it all depends on what you can afford to hold without having to sell. I wish I could tell you if it would be a good idea to wait until your shops open again, but I have no clue what your political situation looks like over there, maybe you could try and see if anyone locally could sell to you, don't deal with niggers to be safe.

hey

Found two new great documentaries on gold. Definitely worth watching.
https://www.youtube.com/watch?v=rXrA58CSGbk
https://www.youtube.com/channel/UC316GY-U17BkwN8D7oKM0iw/videos
Both docs have discussions with big gold investors. First one covers how gold is stored, made, used and why it is money. Second one covers the invest side of gold.

>>18905108
My bad. this is the second doc:
https://www.youtube.com/watch?v=LwCkSjG4ZQE

Boys my silver is out for delivery. The in transit arriving late shit gave me an ulcer yesterday.

>>18899964
Where in Europe? You should research your countries old currency, which coins had silver content, and go from there. I guarantee shops sell in bulk.
I can pick almost any pre euro coin and buy cheap bags per kilo. My choice of junk silver is 50G. Pic related top left. The other sets are just for my collection. If I ever get more silver it will be more stacks of 50's.

>>18899891
everythings going up, money for everyone, permanent bull market

>>18900077
that looks terrible dude, how did you fuck up so bad?

>>18905288
Looks like he used steel wool or some shit

hey

>>18879827
They're beautiful but the premiums are ridiculous

>>18901522
This is very true and super based

>>18905794
Would you do a photo shoot of your poured stuff for us? I’d really love to see some lewds

>>18905794
Damn son, I’m jelly of those Perth bars. You should have went harder and deeper into gold IMO though.

>>18905989
I only just started going into gold because I ran out of room in my safe

>>18906053
Yeah I can imagine how hard it will be to finally liquidate all of that silver, that’s why gold is infinitely better. I also hope you DCA’d all of that under $20.

What do you fellas think of the Lunar Year of the dog mk2 1/4 oz coins from australia

I love these since they're among the cheapest and also incospcious enough to be shipped via small mail in large quantities without any problems

Also i read you can wash off the mint colorization with bleach or something is that true

>>18906264
Sounds Chinese. I’m not trying to be edgy but fuck the Chinese

>>18905108
Definitely going to check them out. Very interesting. I wish gold wasn't so damn expensive. So much easier to stack silver. You can get a kilogram of silver versus 1/4 oz of gold.

>>18906391
Sometimes the line between edgy and based is quite thin.

But yes, fuck them.

I am a proud stacker. I relish each and every facet of my trade:
my pretense of knowledge concerning banking and credit; the perfect consistency with which I forecast hyperinflation; wincing over "Morgan's men" and "market manipulation"; the cuckolded cotton gloves I don to fetishize my stack; my insistence on its store of value, and equal adamance in its price collapse if molested by the air; mysterious conspiracies about detergents and saboteurs inside the mints; mercurial rubrics to grade and scam each coin; the elaborate fictions I concoct about unearthing buried bars and rusted coin jars.
Yes, it is true. I ply my craft with great pleasure and zero shame. I drink only from glasses infused by Her Majesty's silvery bust and drop colloidal tinctures into the cracked maws of my unconscious children at night. I am a proud stacker and for this I will never apologize.

So is the JPM hoard going to be a good thing for stackers or are we always gonna be cucked?

I inherited these two Indian head necklaces.. any guesstimates as to what the pendant and necklaces might be worth aside from the coins themselves?

>>18906264
I purchased some 5oz lunars when they went on sale and they look very sharp. My batbois look cheap next to them.

>>18908884
5 ounce coins all look tacky.

>>18909171
Your mama looked tacky when she let me drag deez nuts across her chin.

>>18908782
Any markings on the necklace clasps? 14k, 10k etc? if so weigh them and multiply by the karat %.
24/24 = 100% gold
14k/24 = 58.3% gold
etc

>>18908884
Nigger tier premiums anon. You are better than that.

>>18908782
what karat? And also keep them in the necklace as they will come in handy if there is a confiscation law (there will be a jewelry exemption like last time). There's a reason why you see a lot of pre-1933 gold US coins in a necklace

>>18908782
https://www.apmex.com/search?q=gold%20bezel&sortby=priceasc
Sort prices low to high. Looks like the bezels are around $150-250 each.

>>18905210
Northern Germany/Denmark (Got family both places).
The only recent german coin with silver in it, the 2 reichsmark, is only 62.5% pure, whereas the mercury dime was 90%.

As far as I figure, such a low purity would probably mean it would sell below spot if I ever wanted to sell it myself. Coinshops will of course sell above spot.

Denmark stopped making silver coins in 1916.

>>18909171
This
>>18909354
>There's a reason why you see a lot of pre-1933 gold US coins in a necklace
Even Americans 100 years ago knew about the fuckery the government was up to.

>>18909171
Holy shit, do they ever look tacky. I still love my batbois, meme status premium pricing and all. Admittedly, I'm gonna feel more of a chad paying people in bullion bars than coins when SHTF. It just looks cooler handing over bars of metal than what look like shiny Plinko chips from the Price is Right.

>>18910100
Monarch poured bars are the sexiest way to store silver. Or those Scottsdale 20 oz long bars

>>18909306
I got them for $106 a pop, and I always see them sell for more than that on pmsforsale and ebay.
>>18909355
cool, thx
>>18909354
>what karat?
that's the problem. i have no clue, these were given to me without any background info.

>>18897132
>Additionally, you sell the goldback at the premium price so you are not losing anything.
haha no

>>18905288
>>18905313
Lol, I used baking soda and hot water, the tarnish came off with a towel. The coins were definitely in full circulation at one point and rattled around in a box of loose coins for decades before I got a hold of it.

>>18902987
Apmex has ASE for days, what are you on about?

hey lads, what if I buy a solid silver pot and pan that I can use for cooking??? does it keep it's value??

It finally came in

>>18909720
Oh, that makes things more difficult. The Gulden came in silver all the way to the 90's. (In decline though, nickel coins were standard by the 70's). And we still mint silver coins, albeit collectibles and memorials. So I have no difficulty finding junk silver in my own (former) currency.

I know the ASE, maple, kangaroo etc are pretty much standard for sale everywhery, and they are safe options. But it could still be worth looking at European options, although I'm not sure if pre euro currency is also easy to get on the international market. But I'm sure you have traders that have them. I don't know how well the Gulden does internationally though. Probably mostly unknown, despite plenty of supply, good silver content and fair prices.

>>18911702
i want you out of my hobby

>>18911794
Deal with it

>>18911702
You should roll dubbies on it

>>18912023
Winnar.

“Smoke up a silver.”

>>18911702
Give me some weed brah.

>>18911702
nice

There look like so many options in the op. For someone who is currently 100% in stocks and fiat, how do I get into physical silver?

Suggestions ?

>>18912140
I’m drug illiterate what’s in the tray?

>>18912169
>jew gold

>>18912174
dabs, shatter, resin, budder. Some sort of concentrated weed product extracted with butane.
>>18912169
You should be gassed.

>>18894299
Definitely a fan of those 2 oz poured chunky bois.

>>18904452
so long as you keep the mud from going into creeks it works fine for mining.

>>18909171
Is it wrong that I want to get a half dozen 5 Oz coins, frame them up in wood together, and then hang it on the wall?

Some of the ATB's are kino.

>>18912679
It would look gay but that’s your choice

>>18911725
Im sometimes in Holland, so I'll try and keep a lookout for any silver gulden there.
And silver money in the 90s? Fucking based.

>>18912822
What kind of retard is sometimes in Holland. That’s like 2000 miles away

>>18912822
I can make a little spread sheet in a minute when I get off the shitter.

>>18912889
I'm like full retard, always in Holland.

>>18912822
>>18912908
Gonna post in new thread. >>18912370

Got my trump bucks, I am willing to spend 300. What should I buy?

>>18912148
Buy the things that you find the most attractive.

>>18894299
I think this is my favorite stack that has been posted on /biz/

You left poor fag status once you obtained a one ounce gold coin. You’re gonna make it.

>>18894299
You sly dog, you, fitting 21 oz in a 20 tube. Ad twice on top of that, kek. Just remember to count em before (if ever) you sell.

>>18894503
You can retire when ever you want.