/biz/ - Business & Finance

>>22542470

Thanks for the fresh bred, fren.

How realistic is the possibility of government confiscation of gold in the future?

I bought Abraplata, Aftermath, Klondike, and Silver One this morning. How did I do, /pmg/? Looking to buy as many miners as possible, but at this particular moment A and A seemed to be having very attractive dips and K and SO are just great-looking charts.

Still looking for get into Defiance, Discovery, Dolly Varden, Impact, and Mag Silver

>>22542552
Extremely likely that it wont happen until it does.

>>22542552
the same likelyhood of noone giving them shit, again

I wonder what our central planners will announce.

>>22542582
Might want to scoop mmngf they are having a nice dip right now

>>22542552
Low. Even then - how the fuck would they know you had any unless you told them? This is something that specialty coin (numismatic) dealers use to scare people. Just buy boring bullion like eagles and maples and don't tell anyone what you own or where you keep it.

>>>22542634
Hmm - Mexico & Brazil are not handling the pandemic very well, it makes me afraid to invest
Both also would have nationalization risk..

Thank you for your response!
I'm glad it's only part of one finger!

There's a list floating around that is supposed to be "PAN MAN approved" - I was wondering what were your top picks for juniors

>>22542582

Information on Klondike from last thread: existing permitted mill, 40 million ounces of past production, market cap only $12 million. Stealth-accumulation phase is starting to end. Patrick Karim, DesoGames, Silver Sitfolio and others pumping it on Twitter.

"Klondike Silver is the dominant landholder in the Slocan Silver-Lead-Zinc Camp in South-Eastern British Columbia. Its claims host 68 of the 173 past-producing mines in the camp and produced a total of 40.5 Moz of silver, 350 Mlb of lead and 160 Mlb of zinc. The biggest of these producers was the Silvana Mine, which produced 7.8 Moz Ag at 13.87 oz/t, 63 Mlb Pb at 5.62% and 58 Mlb of Zn at 5.15%. Klondike Silver's land package includes over half of the Main Lode: an approximately 9 km long prolific vein that hosted the biggest producing mines in the area. 1.5km of the Main Lode is virtually unexplored, "The Silver Mile." The project has an active Mine Permit, a 100 ton per day mill, and a licenced tailings pond facility. The mill is 1.5 hours from Teck Corp's Trail lead-zinc smelter. Once economic mineralisation is identified, mining can commence rapidly due to the amount of existing underground mine workings. The company recently announced a C$1.5 Million private placement at C$0.05 whose net proceeds shall be used to advance the Silver Lead Zinc project."

>>22542470
>>22542511
>>22542688
Buy platinum! Immediately!

what will be the catalyst to end the crabbing and send us to the moon

>>22542613
Thanks for the tip, they do look like they're dipping. I'll go research, but want to shill them to me real quick?

>>22542742
Premiums on physical plat buy/sell spread are atrocious. I own Sibanye Stillwater stock for my platinum exposure.

>>22542552
If they do confiscation, they'll only confiscate gold from Bank deposit boxes and some of the big guys. Nobody really owns any Gold outside of jewelry, so confiscating it from private individuals would be a waste of time.

>>22542815
>i own paper
>as metal

but for your previous post, i expect bullion dealers to give the government an itemized and alphabetical list of who buys what if they even ask

may someone explain how this FED meeting effects gold & silver please?

>>22543027
Nobody knows

>>22543027
It probably won't since they seem to be reiterating the same things (low interest rates for years).

Lately:
>stocks go up
we crab
>stocks go down
we go down

>>22543027
Fed promises inflation= people who trust the fed buy PMs

>>22542732
Yes its a bit old but heres my early summer 2020 list for you. I ll make one at the end of September too probably

>>22543100
Thanks PAN MAN!!
I hope you strike gold in that river!!

>>22542511
What's bullish for silver is bullish for xrp

>>22543085
thats what i thought, right? is this the case however in reality?

>>22542878
I own enough physical for my needs. Playing miners has worked great for me.

If you're worried about confiscation why would you buy bullion that is traceable? Most of my bullion has been purchased in cash and no sort of ID is needed for that.

>>22543085
in hindsight the better play would have been calls on the market rather than calls on gold miners etf

Don't waste your money by paying premiums on physical metal. Buy $SLV and get more bang for your buck.

>>22542815
Im talking about owning physical platinum.
>>22543402
No

>>22543402
is this shilling? i dont come here often

>>22543275
as if letterboys need a reason to be cunts, i dont worry, i gamble alot and im prone to losing large amounts of pms at a time

>>22543451

SLV is widely known to be a scam. The supposed inflows of silver are impossible, and, when you buy it, you purchase a claim on the banks, not on the metal itself. So they can pay you out in worthless paper when the ponzi-scheme collapses.

To avoid paying premiums, buy PHYS/PSLV on the stock market (the Sprott ETF) or use BullionVault; GoldMoney; OneGold; GoldSwitzerland; or Andrew Maguire's Kinesis.

wtf was that

>>22543566
dxy being volatile

SOMETHING IS HAPPENING

>>22543602
Everything is volatile right now. DXY, 10 Year bond yields, Stocks, etc.

>>22543602
thanks mr mannarino

>>22543636
>>22543602

Platinum is going to $2k. Tried warning you months ago to be buying.

>>22543636

>>22543697
kek

everything is overbought to shit, if there's a bull run now shit will just correct even harder in the future.

>>22543749
doesnt matter, the harder we crab, the more intense and strong the slingshot

>Everything is fine

>>22543749
>buy now
>sleep for 5 years
>wake up to Weimar v2
>exchange silver coin for 10 wheelbarrows of COLD HARD CASH

PROFIT?

>0% interest rates the new normal
/pmg/ is the ultimate victor in this.

>>22543811
How many times has he said 2%?

0% interest rates forever and QE infinity

>>22543985
they're so scared pce is gonna be over 2%. why??

god I wish that was me

>>22543749
but isnt there demand for US equities right now because gloabl equities suck? that's my understanding of it. yes valuations have outgrown fundamentals, this is the argument right, but that's because of a increase in demand for these equities relative to other investments because of all the uncertainty in the world?

>>22543203
thoughts?

JEROME IS LIVE
https://www.youtube.com/watch?v=6thA5ikaL74

>>22544086
Conversion gel when?

>>22544034
ugh, me too. azn waifu are suh cute XD

>>22544086
gold to 25k confirmed boys, lets go

Brought my most recent purchase to the mountains with me.

Here comes the dump.

>>22544525

Nobody bothered to buy beforehand this time because we knew they would do this. Usually you get a spike then a dump, this time no spike. People are saving their cash to buy the artificial bottom.

>>22544139
This dude is saying literally nothing over and over.

>income inequality
God they ask this retarded shit every time and its such a waste of time

>>22543402

>>22543100
>>22542738
>Silver One Resource
>Defiance Silver
>Impact Silver
>Tinka Resource
>Aurcana Silver
>Alexco Resource
>Klondike Silver
What do you think about this Silver portfolio ? I dont think I will add more, don't have the finance to invest in more, that would stretch my fund too much. Focused on small caps and strong compagny, dont wanna buy pricey First majestic and things like that. Should I swap someone or is it fine like this ?

Gold to $10,000 confirmed

>>22544907
quit memeing. what do you actually think & why m8

>>22544884
pretty good mix bud, my only recommendation would be to add Dolly Varden if you still have a bit of space left.

>>22544884
these are very similar to my top picks. Look into Abraplata and Aftermath. Why no Bayhorse or Discovery?

>>22544884

The only one you're missing is BHS. If you want leverage, add it, or swap Alexco for it. 500 million market cap producer vs 20 million.

>>22545021
Why isn’t aurcana on your list? I’ve done well with them but thinking of liquidating and moving into your names

>>22544594
I know. I'm prepared with SQQQ this time to minimize losses.

>>22544992
Nobody truly knows beyond "pms are likely to go up sometime

>>22545056
its because this list is from early summer 2020 when Aurcana wasnt on radar for anyone before they started making announcements. Its outside my sphere of leakers and work mates so I didnt hear of it til the rest of you did. Stay with them for a while, they are one of the best candidates for a full scale mine I ve seen in ages. Remember these companies are long haul waits.

>>22544031
>moderate overshoot of inflation for some time
also there is no bubble from QE lol

>THE CREDIT MUST FLOW

>>22542470
Epic dump. From mint green to blood red in a few minutes

>>22542831
>he doesn't own any gold

>>22545296
what's the catalyst though?? i need this insight!

>>22545275
oh dont you worry, people are going to detonate their credit cards with new computers over the 3000 series. if any anon here is looking for a new computer, wait 48 hours and lowball everyone on offerup

>>22545021
thank you very much, should be able to make some space for it.
>>22545028
>>22545041
Both abra an aftermath arent available on Degiro. Discovery has already a huge market cap and I aim at big gainz since my physical foundation are pretty good (20 gold / 500 silver). I want to be a Silver digital CHAD. Bayhorse has too much debt for my taste, still a good company though. I may swap alexco for something better since 3$ is a bit pricey but I dont know with who.
Remember I only have 1k to play with each month and I need to invest in both Silver and Uranium. 7 silver stock and 7 uraniums.

I have 25oz physical silver and 1k in miners but have 5k left to invest. Should I buy a little more physical or put it all in miners?

>>22545411
What are you trying to do? hedge or speculate for high returns?

>>22544086
>$300 a gram
you could cut it with talcum powder and make a killing

Is SchiffGold a scam?

>>22545483
I'm trying to to get high returns so junior miners are the way to go?

>>22545577
:^)

>>22545598

For high returns, buy producers like Alexco or Great Panther

For very high returns, buy explorers like Dolly Varden or CCW

For ultra high returns, buy microcaps like Bayhorse or Klondike Silver

Risk is correspondent

https://www.newyorkfed.org/markets/opolicy/operating_policy_200916
.>Effective September 16, 2020, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to continue to increase the System Open Market Account (SOMA) holdings of Treasury securities and agency mortgage-backed securities (MBS) at the current pace. The FOMC also directed the Desk to increase holdings of Treasury securities and agency MBS by additional amounts, and purchase agency commercial mortgage-backed securities (CMBS), as needed to sustain smooth functioning of markets for these securities.

>>22545598
yes, stacking is about the lowest return way to invest in PMs

>>22543692
It's been out of stock, only managed to get 1 oz

inflation happens only when they give goys money. otherwise it isnt spent on things that are used to calculate CPI

>>22545707
>>22545750
Thanks anons I'm gonna put almost all in miners

>>22545865
And goys aren't allowed houses, education, medicine and apparently now food as mentioned by Powell himself. So I guess you're right.

https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20200916.pdf

>By trying to say nothing Jerome is straight up schizoposting in his press conference

based i never knew he was one of us

>>22545750
Stacking is for a Weimar scenario.
Mining stocks are to let us retire in our 30s.

>>22545894
nope nope. we're much too poor for these things

>>22545894
i guess we're literally just priced out. i mean they printed and gave the money to a whole nother class of people. by the time the new money touches our hands we'll be priced out of everything except the bare bare minimums. this is called the cantillion effect for anyone who's wondering, yes its a proven thing

>>22542509
brrrrrrr is fake news you stupid nigger.

>>22545707
I’m hoping for an average of 50x across my miner portfolio. I know you’ve mentioned 150x and above multiple times but I don’t want to get my hopes up.
>>22545932
This is the goal.

>HUGE SMACK DOWN
>bounces off 27/oz

nice

>>22545347
Glow

The charges, officer?

>>22546113
>1 post by this id
kys

>>22546215
>CPI dropping
>but muh brrr

>>22544740
>>income inequality
It's all so tiresome.
They literally think money equals resources and that Bezos' wealth can magically be converted into consumer goods without radially increasing prices and causing extreme poverty.

>>22546245
>measuring a manipulated asset against a manipulated dollar in a manipulated market with manipulated manipulation

>>22546267
>rentcucks really

>>22546267
Jeff's wealth is his stocks. He doesn't really have all to much dollars.
>>22546290
COPE

>>22546245
CPI is increasing

>>22546351
tell your trainer to learn how to shitpost before handing the keyboard to the new hire

>>22546361
No it's not.

>>22546351
>He doesn't really have all to much dollars.
Even if he did have it in cash, if that cash was given to poor people, it wouldn't help them, it would simply cause massive price increases.
No new resources are created, just price increases.

>>22546267
That tweet is some bullshit. Paying the average rent for 30 million americans for one month would be 30 billion.

>>22546379
>t. my ass

>>22546379
keynes pls

>>22546267
30 million people dont provide me with any tangible goods or services while actively being a drain on my tax dollars and actively voting away my rights.

Fucking animal farm

>>22546417
>>22546411
>0,4%
LMAO

>>22546461
They don't understand that doing this would massively raise prices. Nobody would be better off.

>>22546379
>Price of everything actually meaningful has been radically outstripping wages for decades
>CPI formula consistently tweaked to support whatever the government wants it to say
>Lumber has gone parabolic, and food is going up as admitted by the actual fucking head of the Fed
OH BuT MUH HOuSe WeNT DoWN bY 10% THiS YeAR!!!!!

Kys you pathetic indoctrinated Boomer.

>>22546468
zoom out shill

>>22546468
>trusting the CPI
I can't wait for import prices to skyrocket.

>>22546511
also keep in mind, inflation is only this low due to US dollar being the reserve currency
without this, prices would be sky high

When the US dollar loses it's reserve status, it's going to cause skyrocketing price increases

I want to put 5k into miners that will moon. Where can i find a list?

>Every item that Americans purchase on a day to day basis has increased massively
>Every item in the average American's budget has gone up
>Gasoline is $1.00 less per gallon

tHeRe Is No InFlaTioN, sEe YoUr GaS iS cHeAp!!!11

>>22546567
What would it take for it to lose reserve status?

>>22546461
But what will happen to all the people who are dependant on government benefits when the currency gets debased? They may not have their human rights given to them : (

>>22542511
THIS FUCKING DOG AGAIN?????????? How many times do we have to teach you old man??

>>22546511
>>22546514
>>22546523

You can't measure inflation perfectly. You can always just try to estimate it via models. There's no real way to find out how good your model actually is.
A few examples of rising prices are never indicative of inflation because individual factors are much more important. Regulation raises prices massively for example.
The banking system is abolutely unwilling to lend money and velocity of money is way to low.
Demand for dollars is increasing because people need to pay their debt. No inflation possible. Why else would yield be so low?

>>22546567
>When the US dollar loses it's reserve status
Not going to happen.

>>22546696
>not reporting for spamming and hiding the post

you're part of the problem anon

>>22546696
Throw your silver of a bridge anon

>>22546678
The rest of the world needs to dump treasuries, China is already doing this.

>>22546705
now whos coping? this is a rocks general faggot, were gonna buy em either way.

>>22546693
I know for sure that the majority will be standing on the street corner.

>>22546705
>Not going to happen.
It's literally going to happen in the next year or two.

>>22546645
Meanwhile the price of used cars increased 5.4% last month but inflation is magically 0.4% after rigging everything.

>>22545710
MORE DEBTS

>>22546619
AURCANA AURCANA AURCANA

>>22546768
>this is a rocks general faggot
I'm not here to find friends.
I want some long miners/metals ideas but you're just posting the same fake news memes on repeat. That makes me a bit angry.

>>22546908
no non frens allowed

>>22546163
2nd one today. Look at this

>>22546908
>I want some long miners/metals ideas

Read the goddamn thread and the archive you lazy fuck, miners are a full 25% of what we've been discussing lately.

>>22546908
Kys nigger

>>22547034
>Read the goddamn thread
I already said that I don't want your shitty fake news memes. Are you really all just long because of inflation? This can't be it, right?

>>22547136
>are you really all just long?
bet your ass

what did jerome say at the september FOMC
i missed it

>>22547222
"nothing to see here" the movie

>>22547222
U mean august?

>>22547222
>inflation boogeyman
>pls buy stonks
That's about it.

Anyone have opinions on goldenstatemint shipping over to Europe? I have a few meme coins I want to get and i have seen them over there.

Some anon posted this in other thread and I want it.

https://www.goldenstatemint.com/10-oz-jesus-clears-the-temple-silver-bullion-bar-.999-fine.html

>>22544119

It's only the start. Chris Vermeulen likes BHS. Sprott often quotes his technical analysis on his Friday podcast. Wonder how long it will take before news of BHS reaches Sprott's ears?

>>22547222
Nothing that wasn't said in August. Only thing of note is 0% interest rates is the new normal until at least 2023. Rest of the conference was him dodging questions.

>>22545241
Thanks!! I read either your or another anons recommendation this March to get into KL and I just wish I had put more in.

>>22547354
0% interest rates will be literally here forever. central banks can never raise the interest rates again

>>22547373
great time to own a home kek

The charges, officer?

>>22545489
Or Swiss Cheese, everyone still suspects that the Moon is made of Swiss Cheese so when 95% of it comes back as Swiss Cheese no one will be able to check you on it.

>>22547373
I know. Just reiterating what happened without adding my bias into it.

>>22545750
SLV is for bosses. Physical is for peasants with strong backs

>>22547474
yikes, use PSLV buddy

>>22546267
I hope they bankrupt Bezos and Amazon, poor people don’t deserve nice things and deserve to starve.

>>22547426
kek this will probably create a massive housing bubble. Everyone goes out to get their near 0% mortgage (prob 2%) thinking they got the deal of a lifetime only to realize a few years down that its near zero forever.

>>22547588
>massive housing bubble.
It already did. House prices are currently overly inflated.

>>22547136
>spoonfeed me things!! I don't want to read!!
the post
>ngmi

>>22547494
>Canadian

Yikes.

>>22547621
Exactly, it will create an even bigger housing bubble.

>>22547687
>namefagging
>and reddit spacing

Yikes.

>>22547687
>wanting unallocated over allocated
good luck buddy

seriously guys, what are the odds of a total collapse of the dollar?

>>22547815
100%

>>22547815
we might be early but were not wrong

>>22547872
this desu. lets just hope we aren't like two or three decades too early

>>22547931
Impossible, look at how bad everything is already.
They can NOT raise interest rates.
Powell is desperately printing money and trying to increase inflation like crazy.

>>22547588
It's fucking great for refinancing, I'm considering pulling the trigger on an offer that would save me $500/month

>>22547931
>>22547949
The good thing about gold is that even if the dollar doesn't fall in this decade, PMs will still go up

>>22547949
they said that in 2009 also

>>22547984
yeah, I'm thinking the same. it's still bullish for PMs

>>22547962
what is that, 14-15 ozt extra a month? .25 gold?

I have accumulated 1.1kg of gold.

>>22548031
yeah it's fucking tempting. I was going to wait until interest rates drop even lower, but the opportunity cost is screaming at me.

Post coins and stacks.

>>22547815
https://www.thebalance.com/when-will-the-u-s-dollar-collapse-3305691

way less than you think

>>22548175
first for tiddy
>>22548145
id do it anon, to hell with the goy rating score

>>22548198
based Germania poster

>>22546495
>>22546693
my ruling party is actively trying to push through UBI

Shits fucked breh

Shits accelerating breh

>>22547373
Watch NA do the EU and start issuing negative interest loans

>>22548228
i got the ms70 slabbed one from ngc, very nice coin. see alot of good pics poping up now and then

>>22548229
Nothing will change until the US dollar collapses.
I'm kind of hoping Biden wins so this happens sooner.

>>22547815
whenever Rockefeller and company decide the country has fulfilled it's worth, but they'll just tax and fee you so you can't do anything

>>22546908
it's outside actors stirring the pot

easily influenced ppl will believe it all (not all of it is false, but you need to do you research and think critically.)

see
>>22541096
>>22542843
>>22542937
that thread died quickly because they got spotted, so they moved to other playgrounds

I'm not even going to try it again, but bringing up some topics (even just for examples, and from either side) will quickly tear up the thread. even jannies can't keep up anymore. there's not really anyplace to discuss these things, but I think if they succeed in training AI to do this, in the future the internet as a discussion medium may not be usable anymore.

>>22547811
Thank you.

Hey guys I'm renting out my bucci, .5 SLV for an hour. Condoms are optional.

>>22546619

see
>>22543100 +Aurcana

>>22542552
I want to learn how to make jewelry to protect myself. Precious Chain link everything.

>>22547474
SLV could hit zero because there are 500 owners for every ounce they physically own. You could be left with nothing one day, it would take an angry dragon to get my treasure bitch.

>>22548766
I assume based on other replies that the Sprott Trust doesn't work that way?

>>22547030
that support at 27$ is stronger then I thought... I see three smack downs and three bounces there.


At this point we have confirmed QE infinity.

holy shit i bought like 5 oz today 20-30% below spot from junk silver
had i only known

>>22548123
I have been putting 10% of my revenue from my only fans into gold since I turned 18, so two years now. Am I going to make it?

>>22548966
depends, are you cute or ugly?

>>22549041
I showed u my pic lol judge for urself lol

>>22549074
you're gonna be averaging 2 merc dimes a day

>>22549159
but I have 1600 KG of gold, is that not enough? I put 10% of my only fans revenue in there over the past two years. Should I spend some on merc dimes too?

For any one who is still denying that the COMEX has already defaulted:

https://youtu.be/YGjagnwc7Wk

>>22549224
>pretending to be a girl

>>22549370
You are a fucking embarrassment just shut the fuck up already. We all read the numbers the sept deliveries was literally nothing.

>>22549469
I know I know, stupid LARP,
im bored, thought today was going to be more interesting with powels speech.

>>22549496

Hahaha. I know you'll never watch five minutes of that video, but I'll give you a little bite from it. They're now using bars which they admit come from a dubious chain of integrity. They are openly using unapproved depositories. It's all on the cmegroup's website.

>>22549592
So prove that one of the bars is fake. Otherwise, silver is silver and it doesnt matter to anyone by spergs.

>>22549662
unless of course, a large number of untrusted refineries were added to the approved list. such as 20 chinese refineries. and it matters very much when you go to stamp it into a coin or do anything with it really.

so 3 silver egals
17 merc dimes
4 40% half dollars
8 morgan dollars
1 peace dollar
is this a good purchace?if i were to get this would it be a good stack to start with?

>>22549749
How big is your stack? You're probably paying some decent premium on those numismatics.

>>22549370
Reminder that our guy Craig already called this dude a tard on his website for the shadow contract nonsense.

>>22549770
i have no stack ,im asking if this would be a good first start to the stack

>>22549723
So the silvers real but its not good enough for coins? Wtf are you saying?

>>22549859
get as close to spot as possible, eagles are a meme and morgans/peaces are pretty decently high premium.

>>22549749
Go 5 silver eagles and the rest junk silver. Keep this ratio as you progress

>>22549856

No, Hemke was responding to DesoGames, who appeared on Palisade Radio. But Rob Keintz is backing Deso fully, and dealing with the COMEX is all Rob does. He used to be an auditor. I don't believe that Hemke fully understood what Deso was saying. Rob made that latest video to deal fully with all criticisms.

>>22549497
Imagine if it wasn't and dorito-ass was a stacker

>>22549893
stop being an idiot, is what im saying

>>22549496
i was busy can you give me a run down of today?

>>22549898
>>22549905
thanks bros

>>22549898
the lcs is selling 10 mercs and 1 morgan for the same price tho

>>22549592
It’s even worse than I imagined what a SCAM

>>22549859
>>22549859
Seems like it would be alright. As a newbie you're probably not as concerned about premiums as you will later on so it should be fine. Junk's a nice starter but you could also spend $100-200 on 1oz bullion bars and coins or perhaps a couple 5oz bars

So if the COMEX defaults in December (or sooner), what happens next? And what if it doesn’t default?

>>22550339
>$100-200 on 1oz bullion bars and coins or perhaps a couple 5oz bars
will do

>>22550473
COMEX won't default as long as they keep allowing spot to go on 50%+ runs.

Get stacks boys

>>22550473
As much as I would love to see that. It won't. At least anytime soon. Bull run is for real tho

>>22544405
Comfy

>>22547815
The heat death of the universe is a long time away.

>>22542582
Abraplata was a nice entry today. They had a bunch of shares enter the market this week and have probably reached their lows. I sold some for profit last week and re-entered a small position today. Will add on any more weakness this weak.

>>22549893
Stop being intentionally dense. He's telling you that the COMEX has been raided and is so desperate for metal tha tthey have added 20 Chinese refiners when it used to be a huge deal if they added a single American one. They need metal, any metal, and the Chinese are aware of this and will slip in as many fakes as they can possibly get away with.

Once this happens and the COMEX is loaded with silver plated steel, no one with have confidence in their inventory or deal with them.

>>22545041
Christ some of you guys love Bayhorse too much. I would never swap Alexco for Bayhorse. Best thing to do is have a bit in bayhorse if you're looking to speculate. Don't speculate with more than 4% or so of your portfolio on a single stock. You guys need to adjust more for risk especially if you have only a small number of companies. I'm holding around 50.

>>22550744
Wake me up when something happens

>>22550744
>silver plated steel

Ok, now you're being dense. The chinese are better than that. They will be delivery bars drilled hollow and filled with lead.

>>22550919
You're literally complaining that the things aren't falling apart on your schedule in a thread where people are gathering to watch a train crash. I'm sorry that international bullion shipments move too slowly to immediately fuck things up. This isn't cryptoshit: even Lehaman Bros. took an afternoon to die. Would you prefer we pre-chew your food for you next time or are you happy with just being spoon fed?

>>22547815
eventually, 100%. The problem is always timing. In macro things always take a decade or two longer to play out than you'd expect. The institutions will always find a way to cheat and change the rules when cornered, and they'll always find a way to kick the can down the road even further.

>>22545411

Unironically investing in crypto infrastructure instead of coins is really profitable. I'm currently reading up on a project called Orion protocol. The CEO used to make the infrastructure for traditional banks, before creating waves dex.

On the other hand you can't have too much silver. Maybe some nice queen's beasts, krakens or silvershield designs?

>>22550883
>I'm holding around 50
50 miners? what's your cost basis bro? you probably have all 6 of my miners, I'm hoping to get to around 12 before $30 silver

>>22550883

You ignored my words: "If you want leverage, add it or swap it." Producers with half a billion in market cap are for people without a firm conviction. Sprott almost never buys that kind of stock. He wants to make the most amount of money he can, so he mostly sticks to microcaps and explorers. Also, spreading yourself thin among 50 companies is not necessarily the best idea. It's a shotgun approach which arises from a lack of confidence and research. Most experienced investors I know have about 15 core positions. Once I know the assets, management team, and general case for a company are sound, I invest deeply in it.

>>22550972
The insect people are so bad we'll probably see a time when silver leaf sold by the square will become the norm. See video for reference.
https://youtu.be/2Lak64SAaIY

>>22546495
>>22546495

I would be since I own a lot of stocks and well, a lot of everything really.

>>22543566
>>22543659
>>22544180
>he didn't buy silver
You could have been happy

>>22547284

Silvershield has amazing designs, I couldn't get them a few years ago though

>>22549944
I knew girls who made 20K plus in cash each month from being shooter girls (ie hot chicks who give you drinks at bars) on top of their hourly.....

Can you imagine how rich they would be if they had invested that cash?

none are that I know of... all spent on cars, clothes, trips, ect

PPLT -- good for platinum exposure? How much compared to the rest of my gold and silver miners?

>>22551082
>Jeep
dropped

>>22551337
well I replied to the wrong post. I'm out

>>22551276
Most women I know want to trust the bank and that simply does not cause accrual of wealth. Other than real estate and maybe a nice car they don't have any empire building aspirations. E-thots excluded probably since it seems their goal is to drain the money and soul from every simp in existence.

>>22550744
This guy gets it

>>22551040

50 miners yes, I probably do have all 6 of yours. I have a basket strategy for speculations and allocate from about 1.5 - 3% in each with other holdings I'm extremely confident in sitting higher. I've trimmed on doubles and triples to buy new companies that I've missed or are new like Newfound Gold, and just to keep the gains coming in as my positions grow larger in market cap and their leverage begins to decrease.

>>22551079
My shotgun approach arises from my confidence in things going wrong in mining, despite great jurisdiction, properties, and management. Look what happened to Mcewen.

I don't know where you got the lack of confidence and research reasoning as even Eric Sprott does a basket approach, holding likely 65+ names. Most big name resource speculators I've known use basket strategies as it's inherently an extremely risky business. Gwen Preston, Jeff Clark, Don Durret, Dave Kranzler, Eric Sprott, Lobbo Tigre. The concentration lies in the sector, which I am 90% invested in. The reduction of risk comes from the basket strategy and due dilligence on management, properties, financials etc. Plus if you're rolling profits forward like you should in a resource bull market you just end up with a lot of companies. I started with 15 or so and just started trimming and adding as things doubled and tripled.

hey PANMAN or any other knowledgeable anons on mining stocks, what are your thoughts on Endeavor Silver ? Worth buying some shares of or no ?

>>22543402
>Don't waste your money by paying premiums on physical metal. Buy $SLV and get more bang for your buck.
the premiums and the currency exchange rate of my broker (in the bank where I have an account) are so bad that I'm probably better off buying physical and opening an account at some real broker requires either some starting capital, shitload of paperwork or sending a scan of my passport, so I didn't even bother. I still own some first majesting and gdxj. murricans don't even realise how good they have it

>>22552004
*majestic
fuck, I'm drunk

>>22551793
There similar to a few other silver miners based out of Mexico. They have three operating mines and several exploration projects. Not much to say to be honest, they have similar ground to the other majors nearby. Give me a bit to do some digging on them, we have discussed them at length a month ago I believe too.

>>22551749

Observe what I say, 15 "core positions." Sprott is in about 60 companies, but he isn't "spread thin," which I inferred was your strategy when you spoke of a maximum 4 percent allocation. Most of his money is collected in a handful of positions; he adds to his winners as they get stronger, rather than fearfully taking profits; he only tosses $100,000 here or there, out of his 2 billion net-worth, at drill-gambles and permit-plays. But BHS isn't either of those things. It's a rare case where you get a producing silver mine, in a safe jurisdiction, competent and dependable people, along with the bonus of exploration potential, for an ultra-low market cap. That's the sort of stock that I invest deeply in, where, barring a black swan, like a mine collapse, I cannot but make a fortune if silver soars. Leverage to silver is the first and most important thing which I look for in making an investment. I advocate SILJ and 3% small-cap allocations for most people, because I fear anything else might shake them out of their position; but if somebody asked me my honest opinion on how to profit most from this silver bull market, and I knew they could manage the advice, that isn't what I'd tell them.

>>22546267

>>22552093
Can you speak a little more about “fearfully taking profits”? That is contrarian to some conventional investing wisdom and I’m interested to hear the inverse of that advice.

How can COMEX actually default?

Won't the kikes just bail them out?

>>22551793
I like Endeavour and went in recently for 1,000 shares. Good CEO, producing mines, promising exploration that should provide growth over the next few years. Costs got high on them the last few years and with low silver prices the stock took a hit, but it's a pretty good value now. I think EXK is a likely 2-4x return if we get $35-$40 silver. I don't think it has 10 bagger potential in '21 but maybe after

https://www.youtube.com/watch?v=BFyD65j1mfw

>>22552093
So what are your thoughts on Bayhorses assets/liabilities? They don't have enough current assets to pay off their debts over the next 12 months. That also means they don't have the money to finance new operations. How do you reconsile this?

>>22551793
>>22552039
>>22552221


They got a bad name as a high cost producer because they're mining the last low grade bits of their main mine, but they have two newer ones coming up that are lower cost. That's what I remember from an interview with Cambridge House. Great company though and has tripled for me.

>>22552205
yes i read somewhere that they'd give out cash equivalents if worse came to worst. basically their reputation would be kilt but nopthing really past that

>>22552193

If you research a company, know its value, and believe it will outperform others, why throw it away when it goes up? An analogy: Would I sell silver to buy Tesla tomorrow if silver went up 100%, and Tesla went down 50%? No, because I know that silver remains the better investment. If BHS doubles tommorow, and I know it's still better than Alexco, or any other silver stock, why would I sell a single share? Why wouldn't I invest even more money in what I believe in, and know the value of? Why not reward success instead of running away from it? The only exception is selling some to gamble a little on ultra-dangerous stocks with immense upside potential.

>>22552253

They are processing hundreds of tons of ore in their ore-sorter as we speak. It's already mined. Silver is already $27. Now imagine it goes to $30, $40, $50. They're going to make a fortune on that ore. The share price is also going to soar when silver breaks out, and they can dilute. But the dilution-fudders are going to have to buy when it dips a little from twice or thrice its current price if they don't get in now. When the masses become aware of BHS, they are going to storm in.

>>22552291
its been a while but i think i remember reading the same things. Thier after the lower grade vein structures because its easier and safer to work, the main structure is hosted in weaker material and hard to underground mine.

>>22542470
Silver Chads rise up! I will be buying $500 worth of silver tomorrow if this $27 sticks around.

No one here prepping the BHLL.
for shame frens

>>22552692
Remember mate BHLL is a really long wait, it may be two or three years down the line. If news comes out about it we will talk about it I am sure.

>>22552692
is this bhll some sort of new round or bar?

>>22547872
Being early is the same as being wrong

>>22552747
>1 post by this id
too fuckin easy, wish you werent so fuckin awkward bud

>>22552818
hell of a way to end a thread, thanks anon

I'm sad bros

https://finance.yahoo.com/news/trump-nominee-judy-shelton-lacks-votes-for-spot-at-the-fed-203726887.html

inb4 it's too late

>>22546060
I got 150k from the gov for Coronavirus, I'm small potatoes though.

>>22552954
>may not have enough votes
>could be in trouble
>still weeks from a vote
There are 20 different economic dumpster fires they could have reported on but instead they choose to post pilpul about a goldbug Fed candidate. I swear to God, guilt based societies are the only ones capable of getting off this rock.

>>22550528
'mirin

>>22550528
beautiful

>>22542582
what bloody exchange are these on?

Why line go up?

>>22542552
Why confiscate when they can pass a heavy VAT on gold and silver?

Is it worth it to get a kilo bar? I saw something about it being hard to exchange in the future, but I really want one.

>>22553560
>1 day
zoom out

>>22553570
you do know the last time a government tried to charge everyone a bogus tax, we shot at them for 8 years right?

>>22553582
Point taken. Line still kinda go up though.

>>22553603
Unfortunately false, we let them tax our income, then give us fake money, then killed each other instead of the bankers.

>>22542800
you will sell your metals before it does
Guaranteed.

>>22542800
(You) selling your metal

>>22549497
It might be exciting tomorrow. Day of usually has higher than normal manipulation.

>>22542470
toasty boi
>>22554151

>>22554151

>>22554151

>>22554151

>>22542470
I have 2oz of silver, a $2 silver certificate, and some assorted 18-24kt gold jewelry, am I allowed in this gentleman's club with such humble holdings?

>>22554227
depends, will you buy more?

>>22547284
The shipping time in 3-4 weeks in the USA right now. I woukd contact them personally if you reaaly want to figure out.

>>22554162
newfag dont bake you keep fucking it up

>>22554487
If given the opportunity. I'm diversified between that metal, .01 btc, and many ramens

>>22552776
Being wrong 31 times is still wrong

>>22552747
This

>>22548934
27 is the new floor

seriously, as an Ausfag where can I buy any of these miners? IG has shit all, etoro maybe?

WTF IS GOING ON. I JUST ALLIND IN WEEKLY SLV CALLS AT MARKET CLOSE

>>22551749
>I don't know where you got the lack of confidence and research reasoning as even Eric Sprott does a basket approach, holding likely 65+ names.
the guy has billion to use, spreading thin when you wanna invest 1k per month is pretty stupid. That's my approach.

>>22546755

>>22546696 is too much of a stacklet cuck to do that.

>>22555435
t. nu-OP faggot

>>22542552
>confiscate

how are the silver chads tonight? why aren't you guys posting some of your silver?