/biz/ - Business & Finance

>>24231749
Forgot to replace with the correct prevoius thread.
>>24216899
Sorry about that.

first

should i blow my dry powder on this dip

>>24231832
Not even close

>>24231832
First for Canadian dollars

Staklet here begining my pm journey.
I need some anime figures.

>>24231749
First for miners on sale
Get those cheapies while you can, but with moderation (you never know where the bottom is)

>>24231431
I have 15 thousand shares, it's not much for a penny stock but I fear the bull run, once it gets going, will come and go before some of these juniors get bought out of start pulling silver out of the ground

WHERE MUH PLATINUM CHADS@?!?!

>>24231749
I am financially ruined

well Kitco is down wonder what happened.

>>24231991
>dude weed lmao

>>24231998

Barrick Gold is currently the same price as it was in February, when gold was $1500 an ounce. P. E. ratio is 13 and dividend is 0.70%. Not saying that I even like Barrick Gold, simply making a point of how undervalued these mining stocks are right now. Tesla PE ratio just reached 1,100.

>>24232149

>>24232123
Not living with mom has its benefits, ig I can smoke weed lol.

>>24232189

>>24232149
Amazing bargains out there yeah. Market overreacting, the money that was held up for months is now funneling into risk assets away from gold. Once the market sobers up gold will begin climbing again. Till then, grab those cheapies

>>24232225

ALRIGHT GIVE IT TO ME STRAIGHT, i want to start buying in into Silver and Gold. you niggas sound like old /biz/ without pajeets and shills.

I was about to buy 100OZ tonight, but i chickened out looking at 5Year Silver chart.

Like isnt this shit going into 10-15$ range again ?

Am i buying the fuckin top bags of my local sellers?

And why the fuck i have to pay 23% additional fuckin tax on silver products aka 1OZ bullions and i dont have to do it for gold REEEEEEEEEEE.

Should i just go fuckin 90% GOLD 10% Silver instead of 50/50 split that i thought about?

Any hot fuckin take on where silver is going to bottom, like some good fuckin market info? dont give me shit about DCA, my hands are fuckin iron, i want to start buying a lot of shit instant, because im slick like that.

Is Biden election critical for gold/silver dumpening because of NWO?

Why Canada sold all of their Gold 5 years ago?

>>24232204
yeah i was in college once

>>24232149
I’m starting to see higher estimations from industry “thought leaders” as to the ultimate price of silver during this bull run. A few months ago, it seemed that very few commentators would wager that silver would ever go above $100-150. Now I’m starting to see more people estimating higher figures, like $300+, for silver. There is even one YouTube video which the guy makes the case for $8,000+ silver. Have you noticed the same thing?

>>24232313
if you have a local coin store itll be a better deal and you can get different amounts in different sizes. suicide stack is 100oz silver, 1 oz gold. even if it goes to 10$ an ounce you wont find it for less than 30$. it will never bottom out since its always worth something. leafs are retarded

>>24232313
No one can tell you for sure. You do you, the golden rule is never over extend yourself on buying PM's because you will then sell PM's.
Right now shit is fucked , not just PM's, in march we hit lows of $14 and that was when premiums went through the roof. If it goes to 10-15 range again if you do not buy within the first hour or 2 you will not get anything, and premiums will likely go through the roof again. But I highly doubt it will drop that much again

>>24232518

>>24232535

>>24232313
>Like isnt this shit going into 10-15$ range again?
It either will or it will go up instead. Average in anon
>Should i just go fuckin 90% GOLD 10% Silver instead of 50/50 split that i thought about?
People have their own ratios. I regret going 100% into silver (bought a bulk of 100oz) because gold is more expensive to average into due to the premiums on smaller coins -- I don't even want to buy gold anymore because of the capital requirement. So in any case, if you plan to buy gold, do that first. Many people go with a 1 gold / 100 silver ratio, some go with a larger ratio.
>Any hot fuckin take on where silver is going to bottom, like some good fuckin market info?
Literally none. The precious metals futures market is manipulated, you can't trust the charts too much. There are arguments for and against, you have to make your own decision.
>Is Biden election critical for gold/silver dumpening because of NWO?
I'd say it plays a role but more importantly Janet Yellen is going to be the next Fed chair... That's bad news for pm's at least looking at the prices historically. Right now though the market is dumping gold because everyone is risk-on due to the constant vaccine news injecting hopium into investors
>Why Canada sold all of their Gold 5 years ago?
Trudeau cucking the nation for the global elite

>>24232439
I think there’s definitely huge upside on silver. The so-called green revolution cannot happen without massive amounts of silver for batteries and solar panels. I fully expect silver to be over $100 in the next couple of years and above 2 or $300 a decade out.

I don’t think gold has as much upside but I still think a double or triple of the price from here is in inevitable.

>>24232599
>Janet Yellen is going to be the next Fed chair
Secretary*

>>24232488
>>24232518
so 1KG coins are retarded? I should get everything in 1OZ ? print doesn't matter right? I should go for cheapest OZ like Britannica 2020?

I was about to buy in 100OZ Silver + 1 OZ gold 3 times this year. So around 300OZ silver + 3 OZ gold if i dont get addicted like a fuckin LOTR goblin. im not a panic seller and im in no hurry to cash out, just hedging against fuckin jews and interdimensional demons etc.
>>24232599
alright buddy, thanks for answer

>>24232795
10oz bars are nice, us constitutional is as close to spot as you can get usually. see chart. 1 kilo has no liquidity. you can expect a minimum hold of 5 years. alot of us are never sellers.

if you absolutely have to buy online this is one of the better deals on 10oz. confirmed good seller ive bought alot from them

https://www.ebay.com/itm/10-oz-Silver-Bar-Asahi-Refining-999-Fine/303225617892?hash=item4699a7bde4:g:CGkAAOSwlA9ee6vC

>>24232795
>im not a panic seller and im in no hurry to cash out, just hedging against fuckin jews and interdimensional demons etc.
You'll fit in perfectly with us anon. Don't mind the crypto shills/smg boys visiting us whenever pm's go down a peg, they don't understand our ilk
Also consider learning about mining companies and maybe invest into those, good gains come to those who know their shit and are patient

>>24232957

>>24232795
Smaller denominations are easier to unload, holding a kilo of silver makes you warm and fuzzy. You do you. Personally I like 1 oz coins , 10 oz bars and constitutional.

>>24232631
If there's a "green revolution" big enough to boost silver it'll be big enough to make 1984 look like a fucking joke. Unless markets and nuclear power win, which fortunately seems more likely.

>>24233000
>he just left, with trips!

Ready for the flood of YouTube videos explaining why the fact that we dump non stop for a few months now is a good thing.

Remember to buy more!

>>24233042

>>24232795
You probably want to shoot for the stuff that has the lowest price per ounce - Look at the compare sites in the OP.
But keep in mind that government minted coins like eagles keep part of their premium while omega cheap bullshit rounds you probably only get spot or sometimes less when you sell.
If prices are the same go for smaller over bigger stuff so you don't have to cash out one big chunk, if you ever want to cash out. But the patricians choice of course would be nice chunky bars.

The market has decided; the battle over the $1800 is ending in the bulls' favor! CHAAAARRRGEEEE!!!

>>24233208
I'll buy when I see green hammer candlestick on a daily close. Which I'm hoping is soon.

>>24233321
Damn I really should get into those Japanese magic candlesticks sometime. Do they have any use outside of the short-term?

>>24233208
Dollar continued break down confirms. If Gold goes to $1600, and the dollar to sub 80, you've made money. Stock and Cryptofags will brag, even as they measure gains in a dollar worth 25% less of its base value. This trend will accelerate.

>>24232957
>https://www.ebay.com/itm/10-oz-Silver-Bar-Asahi-Refining-999-Fine/
im not from USA
>>24233000
checked , give me some names of mining companies so i can research and check if they are avaible for purchase from my national bank brokers
>>24233005
this koala big coin looks nice, but understood with that liquidity part
>>24233113
i have my local shit researched, and im not from USA so i guess all of those links pinned are not useful. what does this mean:
>But keep in mind that government minted coins like eagles keep part of their premium
so print does matter? its still same amount of silver, how does this work ?
>>24233298
wtf is this shit and how this affect silver price tomorrow?
>>24233458
elaborate

>>24233385
here ya go:
https://www.investopedia.com/articles/active-trading/062315/using-bullish-candlestick-patterns-buy-stocks.asp#1-the-hammer-or-the-inverted-hammer

>>24233519
If you're yuro Look at
https://eu.compare.pm/
Or
https://www.gold.de/aufgeldtabelle/

> Its still Same amount of silber, how does this work?
People trust government minted coins more and they are more widely known, so they may pay a buck more for it.

>>24233519
It's just math anon. A weaker dollar means decreasing purchasing power, and if Gold falls slower then the dollar, then gold wins. Your investments would have to appreciate faster then the dollar falls, which even mainstream economists say could be as low as 60.

>>24233729
That's true but don't you want what you have to increase in value, not just decline more slowly?

>>24233519
>give me some names of mining companies so i can research
Good attitude on that research mentality. Read up on how the industry operates if you want to make money with juniors. I can give some promising juniors but I implore you to study the industry first: AUN, LIO, AUMN, VGLD, DV, LAB for example. Otherwise stick to majors like Barrick, Newmont, Kinross, or ETFs if you want to avoid the hassle of learning about grades, drilling results, feasibility studies, etc.

>>24233815
Zimbabwe's stock market is roaring but you could buy an apartment complex with a little bit of gold

>>24233671
alrighty, and i already did research on 1 oz bars so Britannica/Kangaroo/Krugersomething from Africa, coz they are the cheapest.
>>24233729
both scenarios are kinda fucked up, but USA printed 2 trillions or gorillions so dollar should be fucked.
>>24233860
thanks will do some research.

>>24233519

Dolly Varden and Silver One are must-owns. Sprott's two largest holdings of silver stocks after DSV.

Does anyone have the latest PAN MAN recommended stock list?

>>24234103
who the fuck is Sprott ?

>>24233977
>Zimbabwe
Meant to type Venezuela but probably true for Zimbabwe too
>>24234076
You must understand the industry. Remember that. Here's the Lassonde Curve, also I posted informative links in the previous thread, take a look at those and jump into the rabbit hole: >>24227174
Also of course basic financial analysis is important though you seem like you know about that already judging from your learning-focused attitude

whaddya think? I want to get more junk silver & bars

>>24234247
Only the ruler of the world after metals moon. Probably the biggest mining/pm investor on the planet. Pic related is his portfolio, the image is outdated now though. There should be an updated version floating around somewhere

>>24234362
>353 million shares of Jaguar
How is this guy not the majority owner?

>>24233042
I also own two uranium companies. Even if/when nuclear comes back around silver has a huge role to play in electric vehicles and in solar power especially in less developed countries. If I recall correctly an EV similar to a Tesla model S has about one kilo of silver in it.

>>24234257
>You must understand the industry. Remember that.
i pretty much have basic understanding of it now, junior = companies that are looking for shit in the ground aka highest risk highest reward, so it basically like gambling on shitcoins in crypto. pure speculation. i will do more research with info you provided , and check that Sprott dude folio. thanks

What do you think happened to kitco anons?

>>24233815
This trend is exponential. So your value will increase.

>>24234486
Apparently there was a 10:1 share consolidation back in August. So he now holds 35.3M shares / 71.99M shares. Sprott owns 49.13% (according to Simply Wallst) of the company and is obviously the biggest shareholder.
>>24234587
Yes basic your understanding is right. But what's different to shitcoins is that these are companies that CREATE VALUE by increasing the resource estimates by exploring. And once / if the mine starts producing somewhere along the line, there will be generated income. That's why having an involved understanding of the industry is important, it's so that you can see your investments go up in value knowing that they won't dump due to sentiment only. There is real value being generated

Went to an LCS with my fiancee's father, he helped sort some merc dimes with me and helped spot me for a gold half ounce (they didn't take card at the store, he had a check on him) .
In return I sorted through three moderately sized pouches of old coinage for him and found $40 or so of silver.
good day :)

>>24234587
Also it's not gambling once you understand things a little. It's measured, educated risk taking, and if you truly know your shit and have patience (waiting for months and years -- prospecting, exploration and mine development take time and effort) you will make money

>>24234910
>But what's different to shitcoins is that these are companies that CREATE VALUE by increasing the resource estimates by exploring.
it's literally the same as chink scam on blockchain. difference is miners exploring Earth in looking for resources, scammers are exploring gulible fucks wallets for funding. you can probably invest in some shitty junior mining stock based on data, catch a quick move and get out before dumpening based on that chart above. same like you could invest in some bullshit idea like digital court, catch a quick move knowing it wont "struck gold" and get out before people realize its a bullshit idea aka bad mining spot.

its speculation right, it doesnt really matter if the value will be real, or we are betting if Britney cuts her hair again. just taking a chance with limited information at hand.

i dont want to marry precious metals or mining companies,i want to preserve my open mind and i like to poke holes first in everything i want to put my money in. keeps my mind healthy

>>24235074
>Also it's not gambling once you understand things a little. It's measured, educated risk taking
we have different definitions of gambling, a lot of things can happen in mining i bet, and i dont know shit about it.

there has to be some good prospecting juniors that flopped or faked their findings/data to cash out?

>>24231749
More gold and silver stacking memes

Is buying SILJ and GLDJ a good idea? I can't be bothered investigating every single project that thoroughly.

>>24235123
>it's literally the same as chink scam on blockchain
You couldn't be further from the truth.
>you can probably invest in some shitty junior mining stock based on data, catch a quick move and get out before dumpening based on that chart above
Quick moves happen after big press releases like good drilling results. But you shouldn't exit when the price goes up. Didn't I tell you already? These are long term holds, investments. The share price more often gets rerated higher than it used to be due to the understanding in the market that the company is now closer to production, and has a better future. Sure taking profits is fine and all but it'd be foolish to take a quick pump and lose out in the long term, see the chart for NFG for example: amazing drilling results all around, and share price going down only due to the gold price taking a recent hammering. I'm not invested but I wouldn't be surprised if NFG went over $10 next year with their crazy results. You have the wrong mindset, these are investments not swing trades. Look at the timeframe of the Lassonde curve! It's years!
>same like you could invest in some bullshit idea like digital court, catch a quick move knowing it wont "struck gold" and get out before people realize its a bullshit idea aka bad mining spot.
Please, PLEASE educate yourself. Quick moves don't happen unless there has been results first. The market understands the value of these companies.
>just taking a chance with limited information at hand.
Yes but if you can decipher that information with knowledge you will make money guaranteed in the long term.
>a lot of things can happen in mining i bet, and i dont know shit about it.
Definitely! It's a risky industry. Risks everywhere actually. But you take the risk into account when you invest. Riskier plays? Invest less. Mine starting production next month? Much less risky!

>>24235333
Also checked
>there has to be some good prospecting juniors that flopped or faked their findings/data to cash out?
I think our resident chad Pan Man has more experience/knowledge of that. I do know that many juniors flop, and I've heard talks of at least one company faking findings in the past. A lot less common nowadays, and you won't be buying into those flops when you begin understanding the industry and separating the goods from the bads. I think pic related was the fake one, that's one painful chart. Haven't seen any others like that though

>>24235580
yep im researching some graphs and double checking with offerings in my bank atm, not going deep deep with research about drillings just straight charts, but can You explain wtf happened here ? its the AUN ticker Aurcana Silver Corp. from your post above and this shit looks like a typical chink scam that has been long dead in crypto. like how the fuck something went from 70$ to 19 cents?

>>24235446
ETFs are fine. Just don't expect a 10x. Also, I'm not sure they are done giving up gains.

Fresh OC

>>24235826
Those were the 2008 and 2011 financial crises anon. Precious metals and miners pumped to heaven when everything else crumbled. People are expecting a similar thing to happen again soon with the current economic situation. To prove my statements, compare the chart to gold & silver in 2008 & 2011

>>24235783
yup that looks even worse than crypto so my comparision was on point. what happened on that AUN graph, did they murder somebody in mines or smuggled drugs for cartels?

>>24236009
>yup that looks even worse than crypto so my comparision was on point.
You'd be hard pressed to find another miner chart like that. That's the only one I'm aware of. See the last post for AUN.

>>24235783
>>24235333
yes in todays world its far more difficult to fraud the public in junior mining. I am not saying it doesnt happen but it happens far less now thanks to regulations like the 43-101 report and a few other factors. An example of a company that tried to fudge its results to get better stock values would be Barkerville gold back in 2017. Their manager / promoter Callahan in league with their geos drilled directly along strike of their gold veins to make the ore body look bigger and richer than it actually was. They were caught though almost immediately and those involved were black listed from the industry.

Also yes that chart of Equity Metals Corp is a perfect example of a junk / fraudulent company that got caught. That particular company has been active under at least 5 different names for the better part of 25 years, and i am amazed that there still around after this particular scandal.
I can go on too about this subject if you want.

>>24233977
We are talking about 3 different things. Dollar, etc, and gold. If gold is losing value more slowly than the dollar then you're winning. But if bc is actually gaining value, which would you rather have? I'm no crypto shill, I am holding pm for the long haul, because I know stock market and crypto won't last, but in the short to medium term btc is better to have. Problem is knowing when to sell

>>24235934
She could ride my carrot, if you know what i mean

>>24231934
actually, second place is pretty close to First.

>>24236128
Ah hello Pan Man. Good to see you, your wisdom might be needed right now as I'm still so green myself.

>>24236128
empty the clip of your info, you will save me a lot of time in research, thanks in advance
>>24236080
checking and monitoring this thread. is there any other reason for AUN to go down in last 5 years from 3,6$ (august 2016) to 20 cents (fall/winter 2019). seems like Silver was popping off in late 2019 and stock was still dropping and bottoming out? shouldnt these corelate then aswell, and price of the stock should surge? or they ran out of product?

>>24236291
>If you ain't first your last

>>24236296
ask away i am stuck inside waiting for buckets of dirt to thaw out in the bathtub.

Has anyone else noticed captcha not being so shitty for the past hour? It has been quick and easy compared to "normal"

>>24236323
there was that legal battle that Sprott and Aurcana went though which probably had an effect on the stock value but i am a bit hazy on the details there. I think Sprott was pissed at how the previous management team was operating the site or how they were taking their sweet time getting anything done, but i could be wrong.

Also an specifics your interested in learning about juniors? Its a diverse topic and there are many layers of info to go through and some of it i am better at explaining than others.

What are we gonna do about this Bitch? Also is there any chance Judy Shelton will be appointed or not?

>>24236499
You've posted a picture of your future Treasury Secretary.

>>24236459
Panman, what small cap miner is peaking your eyes?

>>24236499
Also, it looks like Mitch fucked it and Shelton is not going to get another go.

>>24236323
AUN isn't a producer yet. I'm not that well educated on AUN but I'm thinking that the price of the stock went down in 2019 due to a lack of news or funding or the like. Maybe they were readying up for production -- the share price trnds to go down during a time like that per the Lassonde curve. They're now getting ready for production and will hopefully pour their first bar sometime next year, so if they stay on schedule and silver doesn't get banished to the shadow realm they will likely go up a bunch. Especially considering that they have a very prospective ground and a large new claim immediately adjacent to their soon-to-produce mine that they will begin exploring once they've established cashflow

>>24236553
I heard a schizo rumor that because Mitch voted no, he's allowed to bring it back again for another vote.

>>24236459
>here was that legal battle that Sprott and Aurcana went though which probably had an effect on the stock value but i am a bit hazy on the details there.
dismissed in 2011 so dates dont match. and about juniors i dont have any questions, you can just do a 101 version of what to look at or red flags in investing in juniors.
>>24236558
it went from 3,6$ to 20 cents in 3 years so there has to be some reasons. silver price didn't even halved in the biggest drops, so what am i missing here

>>24236529
Miner or explorer? I am expecting Skeena to begin the final stages of mine planning this winter on the Eskay Creek project which I cant stress enough will be a fantastic mine in the coming years. As for explorer right now its Ascot and Enduro Metals. The more I look at the data and on the ground notes that the geos and field team Enduro had on the ground this season, the more I think something big is going to be found nearby either by them or Etruscus resources. These ore bodies do not just cut off and vanish, we have the Snip gold property just to the south and a bit further north is Galore Creek and Copper Canyon, something huge is hiding under the ice and we have to wait and see if it can be found.

>>24236741
Let's see. I'll dive into the news and have a look at some old discussions, brb

>>24235826
> cant understand why a miner stock is 70$ during the height of a bull run
> cant understand why a miner stock is 80 cents after the mine is shut down


Woah, its like, totally random man... what kind of genius could see any cause and affect here...

Guess Ill just throw my money at whatever else everyone else is throwing money at... maybe jim cramer has some hot tipz for me

i thought something CRAZY would happen at 6:00pm idk

>>24235934
I like this... very wholesome... im glad the trend converting the buy silver from 3d to 2d has gone so well.

>>24236642
I'm not an expert in Senate procedural rules, but if that were legitimate, it would be in the mainstream discussion. She has support, but it wasn't enough. I think it's Mitch now making concessions in his transition into a Senate without the Presidency. He will play ball more so with Dems and this may have been something he gave them as a good faith gesture.

>>24236748
Skeena? Intresting, the states have barely any info about canadian small cap miners. What is their ticker? I would love to see that come into fruition Panman.

I bought a gold stock today. When's this crap gonna bounce?

>>24236558
>>24236459
>>24236323
>>24236741

The reason why AUN dumped in the past was for three reasons. People have correctly identified the dispute with Sprott, but you also had

1) Management literally communicating nothing to their shareholders for several years (look through the history of ceo.ca chat to understand this);

2) The Ouray Disaster. AUN halted the stock, and then made a deal to give up 75% of the company in exchange for the Ouray project, thus completely ruining their existing shareholders.

People have falsely said that management is different now, but it's the same CEO. Personally, I prefer Bluestone Resources to AUN as a comparable project. Much closer to production, run by the highly reputable Lundin family, and they recently drilled 44 oz/ton gold and 2000 g/t silver (the silver alone would make this impressive). The mcap is $260 million, which is what AUN was trading at only a couple of weeks ago.

https://ceo.ca/@newsfile/bluestone-drills-1380-gt-gold-44-ozt-and-2194

>>24236902
Great, now that you bought it's going to crash.

>>24236860
> it would be in the mainstream discussion
Lmao. Now I know you're from Reddit.

>>Paid for an online order
>>"Payment Received!"
>>"Payment Confirmed!"
>>Nothing after a week

Wtf is going on. Usually most of my orders are done in less than 3 days.

>>24236741
an easy way to tell if a junior is any good is to simply look at what their recent activity has been. Are they actually exploring the ground they hold, is their corporate team constantly changing, are they planning to do drilling or other surface exploration work. Simply put, is the company actually spending its investor money on what its supposed to be doing. There are a lot of different things to look at though let me try and do a bit of a deeper write up. There are also a few others here from time to time who have written long about this subject who might chime in.

>>24236741
Right apparently there was a massive, half year long trading halt for AUN that started in 30/7/2018 and ended 12/28/2018. No idea why really but the share price dumped hard afterwards. Not surprising really. Shareholders must've been pissed so the price went low and stayed that way for a while in 2019

>>24236860
>>24236943
https://apnews.com/article/judy-shelton-federal-reserve-nominee-eb3639871b967b8de16aaf57ffc22189
They are of course cynical of her actually getting in, but they do state a revote is a option.

>>24236994
Fucked up the dates.
Start Jul 30
End Dec 28

>>24236885
TSE: SKE
https://skeenaresources.com/

They currently hold the past producing Barrick operated Eskay Creek Mine, one of the richest gold / silver mines in BC history. They have been producing fantastic drill results over the summer.

>>24236946
I mean that she has legitimate support to a degree that a possibility of the vote coming back up would show up in at least some other place than some qtard post. I'm not saying that mainstream is the most trusted source, but that someone somewhere would be mentioning this possibility, because there are people in sources like WSJ and such that support her. It's not like there's monolithic opposition to her.

>>24236941
ah that explains a lot, also thats just typical that the corporate side didnt communicate at all with shareholders, thats like whats happening with the guys over at Engineer mines now, no one heard from them for 4 months than someone in their office realized the website and newswires werent going through.

>>24236943
It's true, how'd you know????

>you will never be a bullion bank allowed to exploit a $2.50 backwardation in gold
why live

>>24237063
Thanks panman.

>>24236809
yeah totally normal for company to go from 70$ to 20 cents in different timeframes when silver dropped X2 X3 X4 only, but i guess anime poster is just too low iq to deep deeper and find a proper explanation of this retarded dump which was caused by failures of people in charge and explained by anon here
>>24236941
thanks so the deeper we go, we find another example HOW THE FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFUUUUUUUUUUUCK BLUE STONE RESOURCES DROPPED FROM 800$ TO 20 CENTS HOLY SHIT.

GUYS YOU RECOMMENDED ME 2 FUCKIN STOCKS THAT LOOK WORSE THAN A MOST OBVIOUS SCAM IN CRYPTO. CMON DUDE.

HOW THE FUCK THEY DROPPED FROM EIGHT HUNDRED DOLLARS TO 20 CENTS.

AAAAAAAAAAAAAAAAAAAAAAAA
>>24236994
AAAAAAAAAAAAAAAAAAA2

CMON MAN, EXPLAIN TO ME LIKE A TODDLER, HOW CAN YOU VIEW THIS MINING SPACE AS PROPER INVESTMENT PLACE IF THIS LOOK 1:1 OR EVEN WORSE THAN CRYPTO SCAMS.

CMON MAN.

only argument is that they literally in the graveyard and that they can pump from new findings.

those charts are literally horror looking.

>>24236989
understood, please no more horror charts. i will read up on mining tomorrow and think for myself.

im scared bros

>>24235783

>>24237306
Hahaha!
Don't worry too much about past performance. It's good to know what a company has been doing in the past but the most important part as Pan Man said is that they're creating value now. Recent news releases are what you should focus on! Focus less on the charts and more on the company's projects

>>24236941
I agree that halt chased off many people.

On the flip side the alternative may have been complete bankruptcy/dissolution, but who knows?

The end result is that you have a company which is UNDERVALUED for many of the past reasons you mentioned, although I disagree RE management as even if its the same people to a degree they seem to be operating having learned from past mistakes.

At the end of the day, the past is in the past, and if ou pull 5million + oz of silver out of the group (i did say if) at 8$ AISC your stock is worth much, MUCH more then 1$ a share at current prices


TLDR

AURCANA GOOD!

>>24237373
problem is i cant find more shitty companies because they disappear before i can usually find them. But off the top of my head another example of a junior that did terribly but has started to turn around would be EnGold Mines. They blew a lot of money when they became unfocused and kept drifting between to many projects. Investors lost confidence and backed out causing all sorts of problems. Also fyi, Barkerville Gold mines has done a fantastic job turning their project around now that the shitty leadership from before are gone, and are on track to be an operating mine again this winter.

>>24237383
That's hilarious lmao. First time I've heard of that

>>24237517
I'm expecting some insider knowledge of BGM once you begin working there Mr. Man!

>>24237383
ah yes BreX, the fraud to end all frauds, the fraud that destroyed the junior mining / exploration sector for a decade and is still hurting projects to this very day. If Michael de Guzman ever pops back up I want first dibs at beating him to death.

>>24237441
Nice. shooters goldworks has some nice 18k parts, was considering a trigger.

>>24234257
thanks for the infographic and resources. They come at an apt time. Is it generally safe to apply the Lassonde Curve to the company as a whole, as opposed to valuing its individual holdings and their respective impact on the company?

>>24237533
They made an OK movie about it called gold with Mathew McConaughey. Crazy story though.
>>24237592
I thought there was a body found that they found in the jungle that matched dental records? I remember hearing something about him having his dick cut off as well.

>>24237306
dude I explained it to you like a toddler and you then bitched about it....


Miners are EXTREMELY VOLITILE, they can spend years not moving, then all of a sudden permits go through, or they start mining, or they hit a bonanza, or a fire/flood/explosion happens and the stock pumps/dumps.
Volatility does not make something a scam.

apex looks to be having some pretty solid black friday deals, junk silver at $1 over spot.

https://www.apmex.com/blog/2020-black-friday-shopping-and-savings-at-apmex

Bullion exchanges also has asahi rounda at $1.70 over spot, anyone used them before? Prices generally seem pretty good.

>>24237660
nah many in the mining world think he bought a dead body and faked his suicide, taking his ill gotten millions to east asia. There were rumors some of his relatives were under investigation in Canada to do with his missing millions but i dont know what ever came of it.

>>24237635
Lassonde Curve is just the way the share price usually goes. It's like a rule of thumb kind of, not always true. If a company has many projects that they're actively developing -- like if they're constantly drilling at Property x and developing a mine at Property y -- I think the Lassonde curve may not be applicable. Also probably not applicable in roaring bull/bear markets
>>24237660
I might watch that movie. Thanks!
>>24237751
What is this Oceans 11 shit lol. It's absurd to even think about things like this ever happening. How did they get away with that?

>>24237605
not my blaster, but yeah, one gold plated gun is probably a good trophy at some point, probably do the 1911 since its mostly a safe queen anyways and it already has the pearl grips with gold insert.
*to thread*

So today was.... interesting... gold moved more then silver, what is the final word on all those 1800+$ strikes at the london exchange?

>>24234346
Get a little bit more junk, IMO. Hold off on being so ASE-heavy, and especially Morgan-heavy. Those are pretty expensive for 90% unless you're managing to get them for junk price. While you're at it, check the mintage figures for your Morgans, since you might have something you don't know is valuable.

>>24237844
simply put, speculators and investors got greedy. People believed everything that Michael de Guzman and his patsy's said because everyone wanted the find to be real. All the signs of a scam were there if you looked, but no one listened until it was too late. Thanks to Brex though, we now have safe guards that stop this from happening again.

>>24233042
>The Thad Coal Burner

>>24238043
I guess that makes sense yeah. +200Moz Au deposit... Not even in my wettest dreams!

>>24238043
I mean you had that guy salting ground earlier this year too...
Still have to keep your eyes open.

This is why I actually enjoy it when people poke holes in my miners, keeps everyone honest and on their toes.

>>24238097
heck the shape of the gold particles in the samples tripped off alarms early on with a lot of geos. It was rounded and water warn, no way it could have come from underground deposits off the source. But de Guzman came up with a simple lie that said the gold was soft due to purity and became rounded while the drill was going through it and people bought it. It was total blind greed and a lot of people were truely ruined by the fraud.

>>24238194
What's salting the ground?

>>24238299
"salting" means someone has sprinkled gold dust or nuggets on a claim to fake that there is gold naturally there in the ground, its a form of fraud as old as mining its self. In the case annon above is talking about, i am still not sure if it was the new owner of the land or a previous guy who salted that dirt, but it was for sure salted. The nuggets couldnt have come from that ground.

>>24238299
putting gold into ore samples or on the ground that's going to be sampled to make the rock look more valuable than it really is. Usually so you can sell the mine for a higher price.

>>24238404
>>24238378
Oooh that's dirty!

>>24237956
Why hold off on ASEs?

>>24238496
Get as many ounces as you can before focusing on just ASEs

>>24231749
MY STUPID FUCKING RARE LOW AVIALIBITY CURRENCIES ARE FUCKING WORTHLESSSSSA AAAH

>>24238760
Based

My proof pf70 2020 sovereign is arriving tomorrow lads :)
Its like fukken Christmas

>>24238492
It's a time-honored tradition. Used to be a miner would load up a few shotgun shells with gold dust and nuggets and just start blasting away at the dirt or the underground rock face of a mine. But that's pretty expensive so they switched to salting samples. The easiest way is to just pick out some really good rock from your own mine or someone else's and hand them to the geologist as your sample. Geologists got wise to that trick and started collecting their own rocks. But they had to watch out for the rocks being salted. Usually they'd take a couple sticks of dynamite and blast a new surface in the mine open and sample that. Wise mine owners took to loading sticks of dynamite up with gold dust so the fresh rock was also salted. Geologists began locking up their dynamite and locking up the mine while they were working to make sure nobody messed with the rock. So mine owners waited until the geologist had his rock samples and then snuck some good ore into the bag. Geologists began sewing the bags shut so miners would just switch the bags for a different bag packed with better rock, also sewn shut. Eventually geologists had to lock up and guard every step of the sampling process clear up to locking themselves in the assay office to test their carefully collected and meticulously transported ore.

There's a story of a wagon load of ore samples passing through Tombstone Az. A drunk stumbled up to the wagon, lost his balance and smashed his bottle on the ore bags. Nobody thought anything of it, but the ore came back salted. It was only when the geologists sampled the ore bags they realized the 'whiskey' was actually gold chloride, the drunk had salted half the wagon load with his booze...

sometimes the fraud turns on the fraudster. There's a story of a fellow that salted a silver mine with ore from the mine next door. He then sold the mine to the owner he stole the ore from. That guy dug another 70 feet and hit one of the richest silver mines in the state.

>>24238496
I mean don't just buy them and Morgans exclusively. I see very little in the way of haves, dimes and quarters in your stack from that shot.

Think of lower-denomination junk as your 1s, 5s and 10s after the USD shits the bed. You'll want smaller change too, after all. Helps that you can get it for a lower cost-per-ounce cost as well.

In my case, I'm junk-heavy, so I'm trying to get more (generic) bullion. Ounces are my goal right now.

>>24238939
yea the shotgun method of salting was used to create the legendary "Steamboat Mountain find" in BC's central coast. A crew of miners had some land that they wanted to offload but couldnt find high enough ore grades to interest anyone, so they melted down a $20 gold piece, poured the gold in a bucket of water and fired 12 gauge loads of gold into a quartz face on the mountain. No one figured it out until a week after the miners had fled with their money for the claims and 200 men had stampeded to Steamboat mountain for nothing.

Bullion stores online always shilling the 24 k gold bracelet, like if you actually wore that wouldn't it get banged to shit

>>24238939
>would load up a few shotgun shells with gold dust and nuggets and just start blasting away
>Wise mine owners took to loading sticks of dynamite up with gold dust so the fresh rock was also salted
>mine owners waited until the geologist had his rock samples and then snuck some good ore into the bag
>Geologists began sewing the bags shut so miners would just switch the bags for a different bag packed with better rock, also sewn shut
>sometimes the fraud turns on the fraudster. There's a story of a fellow that salted a silver mine with ore from the mine next door. He then sold the mine to the owner he stole the ore from
Holt shit. 4D chess. Absolutely hilarious

Also hello US miner anon

>>24238682
>>24238959
Thanks for the input

>>24239144
I've heard similar tales from California in the 1850's. The local assay offices had charts showing the exact composition of a US $20 gold coin so if the gold came back matching that ratio they'd know.

>$3 backwardation on a contract $7 days from deliveries
why can't I play this game

>>24239205
hell some of the assay offices were just as scummy back in the day. One of the assay men in Rossland was beaten to death by miners because he was keeping records of good ore finds brought to him, than telling the prospectors their ore was lower grade than it was, than an associate would offer a penny on the dollar amount for the claim.

Are we living through another great gold rush? A rush to accumulate as much as possible before $10,000 an ounce?

>>24239283
yep, everyone had an assay office back then, The mines in the US took to building assay offices on site so they wouldn't get ripped off selling ore shipments. They'd only work with outside assay shops when they wanted to sell stock, and even then steered the geologist to the very best parts of the mine for samples.
>>24239156
>Holt shit. 4D chess. Absolutely hilarious
there's some funny stories in the history books.

My town started as a gold camp, the miners had no use for silver. It wasn't worth transporting before the railroads got there, so they used it for bullets, pipes, solder, stamp mill shoes, even to solder barrel hoops together. Not really a fraud story, but I run around the old cabins and mines with a metal detector picking up the old silver solder they left laying around. I probably have a couple hundred pounds of silver sitting in various boxes around the house just from that.

Alright, who are you guys buying? What's your buylist and strategy for this bottoming few weeks?

Here are my buys.

Blackrock Gold: super high grade Nevada silver in past producing mines shut down from low silver prices 100 years ago. Share price has tanked and we are below ES's entry price. Excellent drill results. Extremely cheap

Exploits Discovery: Huge land mass in Newfoundland surrounding Newfoundgold's property, along multiple fault lines

Labrador Gold: North of Newfoundgold, geology may be a continuation of NFG's

Argonaut Gold: Producer with track record of success, moving towards becoming a low cost producer with transition of mines, extremely undervalued

Strikepoint Gold: Smart money has been piling in, projects look fantastic, writings on the wall. This one will blow up

>>24237517
When you say BGM, you mean Osisko Development these days right?

>>24239693
o heres a vid from Frank over at Exploring abandoned mines on youtube showing the ruins of the Porter Idaho mine complex that Strikepoint holds. https://www.youtube.com/watch?v=rjorlTm3oJ0

>>24239810
yes its just still known here as Barkerville Gold mines to locals. I start work there underground probably this coming week but since covid restrictions are starting again i am not sure if I ll be effected or not.

Guess what fellas, looks like miners are gonna be pushed with more environmental regulations, meaning less gold production, meaning less inflation, meaning line go up. Exciting times
https://www.reuters.com/article/amp/idUSKBN2832ZN

Oh and the economy is in perfectly good shape, pic related, nothing to see here, keep buying Tesla shares.

Alright /pmg/, who's ready for a DOUBLE opening?

>>24239871
>NY blue
The fuck?
>>24239878

>>24239922
Your double repeating digits have me excited for your double opening mate, let's go

is silver going to 18 bros

>>24239871
If dems win the senate they'll fire up the printer and pay landlords and banks to let people skip rents and mortgage. Also massive bailouts for the unemployed and fairly large payments to those of us that are still working.

We're on a rollercoaster ride only Georgia or a vaccine can stop. Dollar's going down either way. Either a slow death from inflation or a quick one from massive mortgage and business defaults.

>>24239983
Right on.

>>24240022
Let's bring the dragons in for this.

Shit is gonna get real if dxy hits a new low in the middle of the night.

>>24240011
>Either a slow death from inflation or a quick one from massive mortgage and business defaults.
you never know if the fed could just let it pop and keep the dollar. Obviously people's (((bank deposits))) would be fucked.

>>24240075
Anyone want to take a guess what each one is?

>>24239693
I'm sadly strapped on budget so I'm scratching my head on what to add and whether to enter into a new position. In any case:
What I own:
Lion One. Probably top priority in the long term. QH part of the Geo team. Brownfield + greenfield high grade gold exploration in Fiji
Thunderstruck Resources. A microcap with four adjacent great grassroots exploration projects, also in Fiji.
Silver Spruce: my tiniest position. Will begin drilling their Pino de Plata property whenever they sort things out with the landowner. Not expecting much but if they get amazing results I'll see whether I want more or whether I'll take the money and invest it elsewhere
Nighthawk Gold. Undervalued junior gold developer with a huge district-scale property in BC. Came out with great drilling results last month from main drilling zone. Also planning to have this as a core position but LIO is more important.
Canada Cobalt Silver. They've the biggest silver grades you'll ever see, not even joking. Phase I drilling program on the way, expanded the mineralized zone by 500% in the first 1/5 of the drilling already. They also optioned into a high grade copper project a while ago. A little unfocused and untransparent but it's a nice speculative asset to own.
Mammoth Resources. Grassroots exploration in Mexico. Their Tenoriba project was originally a JV with Centerra. Centerra spent $5M on the exploration and set up over 100 drilling targets but later just gave their share of the property back no questions asked when the company decided to retreat from Mexico entirely due to "security concerns"
Pure Gold Mining. All around great soon-to-produce gold miner. The production is priced in but I've reason to believe they have much more gold in their property than they've estimated.

Ones that I really REALLY want to add but really can't due to being poor but will see if I can or not:
LAB
MEK
GWA
CBI
AUN
VGLD
SSVR
Plus more probably when I continue going through my growing backlog

>>24239818
Oh damn this is really good. You pull up some really relevant mining videos from youtube.

>>24240100
>the fed could just let it pop and keep the dollar.
They've done it before, but man would that piss some boomers off. Those guys are getting too old to lose their retirement savings

>>24240128
hmm, looks like a bar on the left? Maybe some libertys on the right?

>>24240155
apparently Strikepoint is livid about these vids because the government wants companies to stop people wandering around on permitted properties. Frank got in deep shit as well with Barkerville Gold when two guys took him to their Cariboo Hudson mine site. He should be careful, one of these days a companies actually going to press charges.

>>24240255
Checked, but no.
Want me to unveil the left or the right first?

>>24240303
maybe half unveil it so I can have another guess?

>>24240354

>>24240409
show us the gold, weeb.

>>24240409
Ah so you've got eagles on the right but I'm too blind to figure out the details on the gold

>>24240618
Gold first then.

>>24231749
>it’s going up again
All I wanted was cheapies

>>24240744
1915 4 Ducat.

>>24240744
Is that one of those Austrian Double Eagles? Nice

>>24240194
It's a mathematical certainty that the us government will become insolvent unless we have the largest increase in production efficiency in human history. And given that boomers wouldn't be able to buy stuff either way, why not keep the dollar?
All I'm saying is that not having treasury puts means you *could* lose a lot of money. 40k open interest for TLT Jan 15 120p. It's no bid, but ridiculously cheap. If the bond market "pops", each contract will be worth:
$45 @ 5%
$66 @ 8%
$100 @12%

>>24240820
Yep. Here's the silver.
Sunshine rounds.

>>24240876
Very nice mate, add em to the hoard. thanks for sharing!

>>24239693
>what am I buying?
Physical ONLY
>when am I buying?
Whenever I feel like it
>what's my strategy
A C C U M U L A T E

>>24240906
Thanks for joining anon. It's kind of sad to not see much openings since the summer. You would with prices being cheaper there would be more. Oh well.

>>24236333
yeah, well half of 666 doesn't make your Satan so,...
come back when ya got somethin to show me, kid

>>24240977
Yeah I know what you mean, guess it depends where people are at, I kinda hope there's no one getting evicted. I haven't added much to my stack recently cause I've saving up for a second metal detector so my wife can detect with me, looking forward to it over the Christmas break

>watching a mining stock for 6 months
>wanted to buy but held back
>it wouldn't stop going up
>it finally dipped below where I first noticed it
so this is what winning feels like. Should I wait until BTC goes up some more and all the "gold is useless" stories hit mainstream media or should I buy now? How long do these dips last?

i bought. this as good as a bottom as i care to worry about. im getting stressed here for no reason

>>24239152
I have a 1 ounce 24 karat bangle that I wear. sure it’s easy to bend because it’s pure gold, but the one I have has a hammered finish so you don’t notice any marks or anything. I think it looks great.

>>24241381
Those news have already been posted a lot recently. Gold is going to start recovering soon. Good time to buy miners!
>>24241419
That's the spirit! What'd you get?

https://www.youtube.com/watch?v=axaD4oDwrhc
Two great people on rn.

>>24241444
>Gold is going to start recovering soon. Good time to buy miners!
Doesn't being this far above the moving average say otherwise? I know I'll never buy the exact bottom but at this point it seems more like a falling knife. >>24241552

>>24241552
>drops 300
>takes off
>drops 300 again
I feel like there needs to be a catalyst though. BTC crashing, stimulus passing, or another market crash.

>>24241444
i bought some silver maple leafs because i like them them. i have a gold one but a wanted a bunch of silvers to hold, all are year 2020. then i spent the rest on assorted gold and silver for low premiums

>>24241233
what kind of detector you getting her?

I've thought of getting the wife a detector also, but it would interfere with me going out in the woods and sneaking smokes and whiskey away from the wife and kids.

Feeling mega bullish right now lads

>>24241656
No I'd say the floor is at $1800. Remember gold continues to go up due to increasing pace of inflation

ES taking profits on NFG.

Big news for Alexco!

https://twitter.com/alexcoresource/status/1331408082543505413/photo/1

>>24241982
thats big news, the guys at Keno hill and nearby will be thrilled

>>24241982
thanks fren, happy to see this, Alexco is my biggest silver position

>>24241735
I've got a Minelab Equinox 800 that I use quite a bit, thinking of getting her the same so she can run a 15 inch coil for deeper stuff and I'll run the 6 inch coil for pickers. They're about $1k AUD, dunno what the price would be in other countries.

Depending on where you live and what sort of ground you're dealing with (and whether you care about finding gold or not), you could easily go with the Equinox 600 too, it's a great machine as well for coins and relics and stuff and is a few hundred bucks cheaper. Both the 800 and the 600 are waterproof to about 6 feet, good for the beach as well as parks and stuff, and they can discriminate nicely between ferrous/non-ferrous material.

Pick related is two of my favourite finds with the Nox, one is a 1911 Australian penny, the first year it was minted, found near Ballarat, other is a 1934 Kiwi florin (50% silver), second year it was minted, found near Dunedin.

>>24227174
>>24226291

Thanks lad if you're still hanging out here. It's a good starting place at least. I'll take a look and try to start with price to book ratios at least

>>24233042
What make it even better is a (((green revolution))), ie anti-human agenda, would inevitably crack down on miners next, making them look like the mega-baddies. Which is kinda true since it use enormous quantities of oil, chemicals and heavy metals who end up polluting relatively big areas, and the destruction of the natural habitat is very visual. Any aerial view of a large gold mine immediately trigger the greenfag to death. I expect enormous sets of regulations forcing miners to adopt less polluting means of extraction and mineral separation, which can only result in a huge loss in terms of productivity. Especially in developped countries (looking at you Canada, you'll be first).

For the moment the green politburo is distracted by their fight against civil nuclear, which is the dumbest thing imaginable since it's by far the cleanest energy production. But this fight is almost over and they'll soon have to find new retarded fights to stand for in order to destroy your standards of living.

I think it's a very vital component of the (((future))) we are headed to and that pmg is totally disregarding, but who WILL have a huge impact on the future price of PMs and rare earths metals. Especially silver since it's now mostly priced as an industrial commodity instead of an investment vehicle, and as such, extraction costs are the red line determining prices. As i already pointed out a while ago, the crude oil barrel to silver is a better indicator than gold to silver.

>>24242744
Of course in this scenario, it become extremely bullish to hold physical but miners become a huge liability.

>>24242401
those are nice machines. I got to try the 800 out for a couple hours last fall when I met a guy out with one. It tracked really well through a lot of iron trash. I really liked it. Also broad sweeps with the big DD coil, it really covers some ground.

Nice finds! You get any gold or silver yet? Pic is some silver junk I've found over the years. I need to get my gold out for a picture, I've got a small handful, mostly jewelry

>>24237038
Thanks, that's good to know.

>>24242744
Don’t scare me like this.

>>24238939
This is a high quality PMG post, thank you sir

>>24241716
Good work! I, too, have taken the L E A F pill.

>>24242744
The point of my post was mainly that if any of these doomsday prophecies are right, I won't want to live in that world, $1k/oz silver or not. I don't get how you even go on believing that's our future.

>>24242878
I've found a few gold pickers but I don't get out into nuggety country enough, the Greens in Australia have made it a pain in the ass for prospectors over the years so anywhere close to home is off-limits. Gonna visit some family in Adelaide over Christmas so I'll probably do a bit of prospecting up in the hills, have seen a few specimens pulled out there over the years. Can't remember if you need a different prospecting license for SA though (guessing not much of this means much to an American).

I've got a little bag of US junk silver I found when I was in Hawaii, nicest thing was a 68 half dollar. Was actually quite surprised with Hawaii, I thought I'd find more jewelry on the beach but ended up with junk silver, who would have thought?

>>24243125
WEF is promoting an even worse future than you can imagine mate

Nobodies talking about platinum. Look at how well its holding up right now. Huge opportunity here. I need to find a platinum miner outside of South Africa.

>>24242744
Canada's mining regulations are under the control of the mining sector, the government pretends its not this way but it is. Case in point nothing major changed after the fuck up at Mt Polley copper mine just down the road from me at Likely BC. Hundreds of millions of gallons of mill tailings breached their containment dam and dumped into Quesnel Lake, causing a massive amount of damage to public lands and private property, as well as killing wildlife off on mass. Imperial metals had to face fines, but the inquiry into the disaster did nothing to stop the accident from happening again. The regulators just who hummed about it than when the news died down nothing changed. I am glad its this way, all the annoying enviro hippies can whine all day about this stuff and no one will listen. The only mining sector facing challenges is placer mining, and thats because we cant buy corporate lawyers like the big boys do.

>>24243245
I have more than doubled my money in Sibanye Stillwater. I know South Africa isn’t the safest place but the reality is it’s either South Africa or Russia. I would rather own a miner then physical when it comes to platinum. (Even though I do have some physical).

>>24243106
You're welcome. Mining is full of interesting tricks and scams. Now the government audits the shit out of it to make sure investments are good and gangsters aren't using mines to launder money. It's pretty well regulated. If you're getting a bunch of gold or silver out of the ground a bunch of government agencies are going to want to know who's getting it and where.

>>24243239
>WEF is promoting an even worse future than you can imagine mate
Of course, but I don't believe they'll succeed, in fact I don't believe in any of these dystopian predictions. Already people are rejecting lockdowns, rejecting the Great Reset. It's easy to believe bad times will continue forever, but that makes you no smarter than some permabull on /smg/.

>>24243239
>Was actually quite surprised with Hawaii, I thought I'd find more jewelry on the beach but ended up with junk silver, who would have thought?
not a detector find but back in 2000 I went to the Bahamas and found a 1/4 oz gold nugget ring, size huge. It was just sitting between some concrete riprap on a jetty. I wore it on the plane ride home and sold it to pay for my ticket.

Hawaii has some interesting artifacts for sure. I'm usually too busy looking at fish to run a detector over the beach, but I've found clay marbles and 1800's glass all over the big island. I'd love to see your gold if you ever get a chance to post some

>>24242744
>As i already pointed out a while ago, the crude oil barrel to silver is a better indicator than gold to silver.
You present an interesting argument. I'd like to see some evidence. Would you be able to give us a Silver-to-Oil ratio (ozt vs. 42-gallon barrel) chart for the past couple years?

>>24243324
Thanks anon I'll look into them. I would unironically feel safer investing in Russian equities than any African equities.

>>24243442
I hope you're right anon, and of course bad times don't last forever, but I've got a bad feeling about this Biden term and what comes after.

>>24236748
>Ascot
is looking very good

https://sprott.com/media/3400/201119-aot-scp-dayzone.pdf

>>24243685
o yea day zone is good but when i sampled the spot now known as Silver Coin it was bonkers. My mates and I kept having to stop the work truck on the trenching roads to load up chunks of native silver and chalcopyrite. That whole area is a prospectors paradise.

>>24243555
Thanks mate, most of my gold is in boxes while I move house, none of it is anything special, just a little tube of pickers, but it's certainly nice to find. If I get anything these holidays I'll chuck a pic up here

>>24242744
>green revolution))), ie anti-human agenda
Like I get where you're coming from, but this is a retard take. Environmentalism needs to be in the front of people's minds, because the way mines, farms, and factories operate now is blatantly unsustainable. We're already either close to, or in my opinion, past the ecological tipping point beyond which there is no return. At some point, and soon, there's going to be so much pollution that plants and animals are going to start dying in horrifying numbers. Then you morons will realize exactly what you've ALLOWED to happen, and then you'll be sorry, but it will be too late.

What will you do then I wonder?
Will you cry and scream and curse the people who have created the world as it is? Because I tell you now that those people are you, and when everything lies dead at your feet, how are you going to feel?

You should think about it long and hard now, because when the future we have created has come to pass, there will be no time for thinking anymore, only survival.

But you'll remember my words. And then you'll know what you have made in your ignorance and your pride.

>>24244042
90% of environmental issues is that the # of people is unsustainable rather then the processes, the other 10% is asia/africa just dumping. burning everything they dont want.

>>24243842
that area does look amazing! I picked up 2500 shares last month and hope to add more if I can afford it before it takes off

>>24244042
honestly cringe. To be frank though should climate change continue, plant and animal life as a whole will be fine, although there will be mass extinction of current species; mass extinctions are pretty common with the right timeframe. Whatever survives will dominate it's new ecosystem, then things start evolving and new species adapt and dominate.

Whether or not humans can survive extreme climate change is what's up in the air, although maybe a better question is whether or not society survives. Regardless, the effects sadly will be felt mostly only by later generations. Even if you're a zoomer, climate change won't hit you that hard. That's one of the things environmentalists always do to discredit themselves; they say we're definitely fucked now, and then we go on living our lives just fine for another 20 years.

Nobody will remember your words, because it's the same cheesy fear mongering shit we've been chastised with for decades.

>>24244220
its hard to describe how much potential is out on those high snow covered ridges. I saw more outcroppings of gold and silver ore in that area than probably anywhere else in my long wanderings as a prospector. Same goes for Scottie. Without vegetation covering everything, you can properly see bands of mineralization stretching for kilometers.

>>24244042
>then you'll know what you have made in your ignorance and your pride
pretty rich coming from some arrogant twat posting on a Himalayan yak-shaving forum. There's plenty of excellent solutions to virtually every environmental problem but they'll never get touched because they actually solve the problems rather than make money for politicians and crony capitalists. If any, ANY environmentalist was even remotely serious i what they believe about climate change, they'd be hammering for nuclear power at every opportunity, but instead we get dumb shit like solar panels that cause immense damage through strip mining to create, don't even operate half the time thanks to mr sun going away at nighttime, and can't even be recycled after their 12 year lifespan. I bet you're a neo-Malthusian too and think that when the elites move in to cull the population it will be everyone else being shot and not you.

>>24244331
Scottie?

>>24231923
This is being called as the low so yeah.

>>24234247

You have a long way to go friend.

>>24244448
The past producing Scottie Gold mine, just 10 minutes up the road from Ascots Premier Property. High grade gold in quartz stockworks near surface and in bonanza grade "bleb" style mineralization below surface. Its being explored currently by Scottie Resources, there camped at the past producing Granduc Mine mill site next door. Yet another amazing ore body in the Golden Triangle I ve worked and walked over many times.

https://twitter.com/MarinKatusa/status/1331254637920358400

Marin Katusa about to start buying his Gold stocks. Like him or not he's incredibly intelligent and knows when to buy

is everyone in this thread as much of a schizo as xrp and think the dollar will collapse?

>>24244765
Yes.

>>24244765
I am only speaking for myself but I am thinking about getting some Monero. I have almost entirely gold/silver/USD but I think Monero can function somewhat similarly to my other investments: just hold and wait. It is something as an alternative to the USD, which I think is in decline

>>24244823
sounds exhausting

>>24244836
>It is something as an alternative to the USD, which I think is in decline
what specifically other than the general sense of unease everyone has by our country being clown world

>>24244856
I'm also in stocks too. Just have enough to make a safety net. Won't stop accumulating though.

>>24244765
The dollar has lost 99% of its purchasing power since 1914 but yeah we're the schizos

>>24244586
Thanks! I've still got a lot of learning to do.

>>24244836
I've considered monero as well, as it's value seems to be mostly in it's privacy. About the only thing I'd call "digital gold" in the sense that once you own it you don't have to really say shit about it.

Kinda hoping tomorrow brings one last dip on metals because I get a bigger than usual check this week. I can throw 300 at some silver. Half 90% and the other half bars and rounds?

>>24244836
Buy ZEC. XMR is a fucking honeypot meme and fluffypony doesn't even work on it anymore. Seriously, the CipherTrace fud got shrugged off, but they just filed 2 patents for cracking it. Plus Grayscale has a ZEC trust and it's already accepted in most regular cities. There will be a point where there won't be liquidity when (not IF) it gets banned.

>>24244930
>>24244836
Been thinking about it too. What's the risk and downside though? What makes it so private?

>>24244933
s/regular/regulated

>>24244913
hey i dont claim to understand it, though fiat rules my life. what do you do, buy and hold and when the dollar collapses trade with it?...
but we are more powerful now than then.

>>24244964
>but we are more powerful now than then.

'they' are, your not.

>>24244947
There's a general floating around that can probably help you better than I can. I rarely dabble in shitcoins so all I know is that your best bet is to keep it off exchanges and on a physical ledger. Outside of that, I'm just sticking to what I know and that's shiney rocks and losing money on miner stocks.

>>24244930

it's also asic-proof. to mine monero faster you'd essentially need a faster general purpose computer. there's really very little you can do to optimize for monero's mining algorithm. you'd have to invent a faster cpu with faster sequential execution and a faster FPU. it also has a really slick desktop wallet. i can't help but be impressed with the project even though it's a pow coin.

>>24244929
The Golden Triangle is a treasure chest of ore, but much of it is nearly impossible to access without serious infrastructure upgrades. more of it is buried under glaciers and chocking woodland or clocked in nearly unending fog. Its a landscape that hasnt changed much since the original gold rushes, and its treasure has only just been tapped in our lifetimes, more is out there it just has to be walked over.

>>24240194
Fuck them. Theyve had the entire government system cater to them for decades. They have had multiple generations, including their previous generation sacrifice even their lives for them. They are entitled, useless, know nothing, do nothing cucks and they have destroyed this once great nation. They can lose everything they have and I will not give a single fuck. They are the most spoiled, entitled and clueless generation in american history.

you can forget about privacy though and assume that the NSA has lifted your private keys as soon as you create them, unless you do it offline.

>>24245029
DESU I used to be into XMR but then I saw that (((they))) clearly chose ZEC as the accepted coin.
>infinite inflation
>head dev that goes on youtube podcast with other scammers (charlie lee, that samson cuck from blockstream)

plus ZEC just got rid of the founder's fund, they have a big brain tranny working on it (diversity... kek), just had its first halving, and it's got the same supply as BTC.

>>24245058
Desu it's best to assume that the NSA has access to literally every device on the interblag
Fuck 'em

>>24245148

it's not really an acceptable state of affairs if you're looking for a secure "store of wealth", is it? i mostly look at crypto as a money generator but my goal is to cash out and buy PMs.

>>24245138

i've never looked into zec. monero is just impressive from a technical standpoint and the only coin as far as i know that is truly asic-proof.

>>24244933
fuck off shill. You know these patents are worth shit.
Remember the patents on the Enigma hack from 1941? No? Me neither, because you don't patent shit like this if it works.
SO bend the knee and drop your bags for one true anon coin.

>>24244930
if the bull run in cryptos continues XMR is brought along for the ride. It seems the big money is going into the cryptos at least for the time being. Of course this COULD change, look March's prices they were in the $30s. I expect another big shift when the next president is fully decided

>>24245058
Has anyone ever had that happen to them though? You aren't wrong but it seems NSA knows everything already

>>24245138
I haven't looked at ZEC

>>24245138
>plus ZEC just got rid of the founder's fund,
They did just put another label on it because their company is burning money and they need it badly.

>>24245138
>DESU I used to be into XMR but then I saw that (((they))) clearly chose ZEC as the accepted coin.
The fuck are you talking about? Weak.

>>24245408
>Has anyone ever had that happen to them though?

gee, i really can't think of any instance where a government has stolen private property from its citizens or used it to their own advantage at citizen's expense.

What happened to this thread? The last 20 posts just look like bots talking to each other

>>24245427
Holy Shit that book was terrible. Only read it if you want to take career advice from a PhD candidate who has never spent a day outside of academia

>>24231749
Latest Peter Schiff episode 11:47 “it’s hard to believe we haven’t had a female secretary of the treasury women are great at spending money and running up debt”

Jew or not he’s our guy

>>24245558

lol

having just visited this general for the first time, would it suffice to say PM's are mostly an insurance policy? Wish I had the funds to buy them yet, as a fellow schizo.

>>24245617
thats a good way of putting it yes.

>>24245655
i can hardly stand the irony, the dollar is doomed but in order to buy the valuable metal you need the worthless paper but the paper is all thats traded now so its worth more than the metal in a sense.

>>24245558
All signs point towards America having first trans President. Anything is possible.

>>24245617
The physical yes, especially gold which has been able to purchase you the same amount of goods for 5000 years. Silver is more speculative and during bull runs give you higher gains. Mining stocks are for anons who are taking various degrees of risk for extreme upside or downside.

>>24245427
>coinbase, gemini, grayscale
Follow the money.

>>24245702
We've entered an unreal world. By that I mean the most important things about our lives are not real, not tangible and the digital world is all consuming. From that it's easy to see how real things would loose value and imaginary things gain value. The virtual world has become reality or at least far more important than reality.

People worry about the world to come but they don't realise they have already crossed the Rubicon.

>>24245617
PM's are simply an illiquid asset that historically speaking, retains or grows in value during crisis periods.

During wars or famine or disaster, people who had precious metals could move to a new location and trade their PM's for what they needed to survive and or grow and thrive.

Bracelets, necklaces, rings, jewelry made out of PM's are easy to carry and somewhat conceal, making them ideal to take across borders.

Stacks of coins, bars, etc are not ony unwieldy, but easily discovered. These are for hoarding, and are basically a bet that you will be able to homestead at your present location and trade the PM out of your general area for resources that you want.

This is retarded for a variety of reasons, because in a true crisis scenario where PM's become that valuable, hoarding on site makes you a target, or more likely, you won't even be able to trade PM away for actually-valuable items like food and guns and ammunition, or labor to help agriculture.

Unless you literally have a standing army you need to pay in silver to stick around and oppress your peasants, stacking PM is legitimately stupid.

You also have a very high likelyhood of having your PM's confiscated by whatever 'legitimate' government exists, and a paper record of your vast hoard of silver and gold coming in the mail makes you a prime target for confiscation. You don't have this problem if you have wearable jewelry.

The nigger with his gold chain has a bigger brain than 99% of you. The nigger can run around, shoot, fight, then turn his gold chain into resources whenever he needs it. Are you going to run around with a gold brick in your back pocket? No, dipshit.

>>24245808

humans self-organize and states of total crisis and breakdown of social order are generally transient. except perhaps in africa or wherever.

in any case, i'm more than willing to defend my pitiful stack and i'm not about to hop any borders. why don't you fuck off?

>>24245861
>why don't you fuck off?
>"ok"
>*fucks off*
>*comes back with 10 other men and lights your shit on fire*

good luck dumbass

>>24245908

i hope you can light me on fire from 300 yards away.

>>24245754
Meaningless.
Satoshi would loathe these glorified gatekeepers. Can't wait for atomic swaps to arrive for XMR to finally cut ties with these pests of crypto.

does anyone buy gold in person, like is that a thing that is possible? I don't trust buying anything of value online. I just want to walk into a store and buy some gold with cash. I live in huge city if that helps.

Who else /canada/ here?

PMs aren't to spend during a crisis, they're for after. when humans come to their senses again you'll still have something rare and useful. i really don't see the case anyone could make against PMs.

>>24246026
Lol. Zooko has mentioned he'd be open to smart contracts at some point. DESU XMR is fine to use as "cash", but if I want to store my wealth (privately), I'll choose ZEC. It's literally Bitcoin with HTTPS. Satoshi is also a meme, btw. Bitcoin is most likely a government project with multiple people involved.

>>24246090
Not Canadian, but I love Canadian junk.

>>24245617
You don't need much. I'm a broke wageslave, and I've already put over 100ozt of silver in my stack THIS YEAR, just by avoiding consooming unless I can get value out of the cost, and taking a small-but-comfortable amount off the top of each paycheck. The big 'windfall' earlier this year that most used to consoom instead got mostly converted into silver.

I've told this to a co-worker of mine: Take $30 physical currency to your nearest LCS and buy an ASE— loose is preferable (and cheaper!)— and just hold it. Think about how the metal you're holding in your hand was used as money for pretty much all of recorded history until only really recently in the grand scheme of things. See if that tickles your lizard brain. If it doesn't, you can sell it pretty easy.

But I think it will. That's all it will take to get you to stack just like us.

Now, I would say get a 1964 Washington quarter and Roosevelt dime, but those might accidentally get spent for face value if you're not careful, so only get those -after- an ASE, so you can keep them together to really drive the reminder that silver is money home.

>>24246156
>Bitcoin is most likely a government project with multiple people involved.

that's what i've always assumed.

i don't consider crypto a store of wealth. just a speculative asset. as i'm concerned, that's what it is.

>>24246085
hopefully you have an LCS, I do and it's a way better alternative than ordering online, my guy jews me on premiums and 9/10 times its still cheaper than online

>>24246200
checked. everything is a speculative asset, tho anon. The real way to RETAIN wealth is to have multiple investments. Even Wu Tang knew this.

>>24246085
I only buy Gold in person, got pic related for $40 over spot a couple weeks ago at my LCS. Just handed the guy $1900 in cash and left with the Krug, didn't need to do anything else.
You may want to call ahead to the coin shop if to see if they have Gold in stock, it can sell out pretty quickly in areas with larger populations.

>>24246090
>>24246164
Here ya go guys, I tried to make this pic as canadian as possible without pouring maple syrup and tim hortons gravy on it

>>24246517
Based, I like the early 20th century Commonwealth junk a lot. Pity it’s not always that cheap.

>>24246572
All mine was picked out of loose change in the US. We get a lot of canadian coins because they're worth less than our stuff but have the same sizes. Most americans don't seem able to recognize canadian silver though. Like US silver is extremely hard to find in circulation but canadian still gets around.

>>24246156

https is bullshit anyway. it's only a way for the government to have a monopoly on information and you don't know what sort of other information is embedded with your traffic. i'd like to set my router to filter https but i'm sure it would break a ton of things.

>>24246572
In my experience you can occasionally snag Commonwealth junk on Ebay at or below spot. In my experience, a lot of coin shops will usually have a bunch of low grade coins from around the Commonwealth, just ask if they have any foreign junk silver and they'll usually sell it to you for spot.

>>24246633

actually i think filtering https and having a device that caches and delays traffic to prevent timing attacks would probably mitigate a lot of their trickery.

>>24246633
Read into zksnarks, anon. The creator of the ALGO blockchain created zk proofs which Zooko then took and applied to Bitcoin (upon forking it). and https is not bullshit.
T.worked at various tech companies (startups <=> mid <=> large) in the silicon valley for the past 15 years as an engineer.

Just picked these up for $300CAD. 35, $0.50 pre-1964 Canadian coins.
Buy the dip, lads.

>>24245724
>who are taking various degrees of risk for extreme upside or downside.
It's basically free money though. If you know silver will pump then you know stocks will pump way more barring unprecedented regulations or nuclear holocaust. If you're only in physical you need to take your meds.

>>24246615
>All mine was picked out of loose change in the US.
I wish I lived further North, all I find around here is the occasional Peso inserted into rolls of Nickels, no foreign Silver whatsoever.
On the bright side it does mean you can get Canoe Dollars pretty cheaply here due to lack of demand.

>>24246746

protocol correctness does not guarantee security. it's only half the problem. the other half has been ignored for decades and you're writing this on a rat's nest of chinese/israeli circuitry and transistors.

>>24246808
nice haul!

>>24246856
I'm not very far north, just Colorado. I need a silver nickel.

>>24246857
BTFO - I made my own CPU out of American Made Snickers Bars.

>>24244765

That's one thing pretty much everybody can agree on. Although I think the gold-schizos have a much more realistic assessment of the downside risks of betting against King Dollar.

They're celebrating the pump due to PayPal soaking up Bitcoin, but hodlers are gonna learn the hard way what derivatives are.

>>24244836

You've got the right idea. With Monero they skipped straight past any attempts at manipulating the price and jumped straight to banning any fiat gateways they could... and that's about the limit of what they can do short of shutting the internet down or fundamentally breaking its security or privacy features.

Crypto has worth, but it's not something government is ever gonna be chill about. Pay in cash, keep it out of exchanges.

>>24246944

funny. hopefully if i make it i'll never have to use another computer. or maybe i'll fund the development of a foss cpu.

>>24246261
C.R.E.A.M.

>>24246857
there is always going to be corruption at every level. if there's a will there's a wayl. as much as /pmg/ is filled with boomers with this mentality you need to realize that we don't live forever and we are trying to optimize to beat the market so that we don't have to worry about "stacking" and figuring out how to outsmart the market before we get screwed. I'm telling you, buy a bag of ZEC (AT LEAST 21 -- cheaper than an ounce of AU) and then just sit on them for 10 years. Hell, even just leave them on Coinbase if you don't' want to deal with storage.

>>24246927
Those silver "Nickels" are actually called Fish Scales, I have a lot of trouble getting them without paying a premium.

>>24246958
>They're celebrating the pump due to PayPal soaking up Bitcoin, but hodlers are gonna learn the hard way what derivatives are.
like we've had since 2017? they exist, anon. the thing is stronger and stronger hands get created in each cycle thus driving the price up. paypal, square, grayscale are buying fucktons for their customers. you can't get "rich" off of metal alone. metals, miners, energy stocks, VTI, crypto, hell even some CHF, art, watches, land, etc. always diversify to lock in wealth. don't discriminate an industry because there are some people who are vocally nauseating about it (crypto twitter, pajeet shills, etc.).

>>24247008
>I'm telling you, buy a bag of ZEC

hell no.

I love metals, but this is the most stubborn board on here, why do most of you hate diversification other than mining stocks?

>>24247066
>Those silver "Nickels" are actually called Fish Scales, I have a lot of trouble getting them without paying a premium.
fascinating, i've never seen one for sale but I haven't really looked. Time to go hunting....

>>24245808
IIlliquid asset lmao. Coin shops, pawn shops, selling to private buyers in person or online, and some countries buy back their bullion at current market value for local currency - the options are quite extensive in 2020. Cant smuggle out stacks of coins? Lmao not even a real stacker. The actual stackers are always practicing stuffing gold/silver coins up our ass just in case. Retard. They wont be valuable in a real crisis scenario? Tell that to Venezuela you fucking chimpanzee. It's happening in real time but if it doesnt look like Escape From NY then it's not "extreme" enough? Stacking PM's is a way of saving your money outside of the fiat system. If I had $10,000 "saved" in cash and hyperinflation hits what the fuck would the point have been? What's the alternative to saving some money in gold/silver? Answer: THERE ISNT ONE. Confiscation is a bad meme in 2020, there arent enough stackers for it to be worth the government's time. It is so much easier to distract people with fleeting consumerism. Braindead take fuck off faggot.

>>24247065

I guess I'm being too coy.

>paypal, square, grayscale are buying fucktons for their customers

PayPal is gonna mine themselves another 100+ million "bitcoins" for their customers. The others will do the same or be rendered non-competitive due to fees of actually running transactions on the network and having full allocation of the underlying coin.

The maxis with foam at the mouth about it and rant on twitter about "everything crypto stands for", meanwhile the oblivious normies will post selfies with starbucks they bought with "bitcoin".

When will gold bounce?

>>24246984
I've been looking at funding alternative platforms for years now... and in the end I haven't had to put down any money and not for lack of trying. There are a few very promising projects underway... mainly legacy focussed (which are the type I like most). The beauty is high performance, large existing software library and virtually unsnopeable with a tiny bit of care and in most cases no care. There is a lot going on even on the TTL front. Having 10k+ to blow on a project to push it over the line is a GOOD idea.

It's only a matter of time before high speed 800MHz XT's become /pmg/s platform of choice. If you can live without new games and Windows 10 on your daily driver it's the superior choice.

>>24247226
My LCS had some mixed in with all the other Canadian junk, they were the only things that sold for significantly more than spot. They should be easy to find if I can get them this far from Canada, but getting them cheaply will be the real challenge for you. Good luck.

>>24247314

i'd think fabrication would be a bigger obstacle than actually designing the hardware.

although it would still be funny if someone at arm or intel or amd went off the reservation and leaked some designs.

Who's baking?

>>24235038
sounds comfy anon, congrats and don't forget to make babies

>>24247339
thanks! I just want one to toss in with my other weird tiny silver. US half dime and 3 cent piece

>>24247361
You'd be surprised how far a 2 layer PCB will take you (and some jumper wire is necessary). 4 layer PCB's have fallen dramatically in price. Generally fab costs are very low (but not cheap necessarily). As for actual CPU's there are TTL and FPGA efforts mainly. TTL is a special case and not likely to go to FPGA or beyond.

As for the FPGA variant there have already been offers with some projects to go ASIC full funding provided. For reasons none of those have happened and NOT for lack of funds.

>>24247131
Well this is /PMG/(Precious Metal General). You can talk about any kind of Stock on /SMG/, and people have brought up the idea of a Commodity general before, but no one has taken the initiative yet to regularly post it.

Sometimes we talk about Uranium or other metals like Copper.

>>24247620
Id be interested in a commodotiy general and I could post it but it might be better if someone else did because Im retarded.

>>24247698
>>24247620
I'd be interested too, but I don't know much about the market on them apart from PMs, Copper and Uranium.

>>24247131
>this is the most stubborn board on here, why do most of you hate diversification

I mean it is /pmg/, but actually people have discussed a lot of other stuff here besides precious metals (antiques and other collectibles, other metals, non-metal valuables like precious stones).

>>24247620
We had a tanker stock general, too, but most everyone on /biz/ is in it to make money. For some reason there’s this weird self-assigned guilt/stigma if you deviate from the pack in here. Hell, some people even get triggered when you talk about mining stocks. I guess there are purists at everything.

Gold double bottom. Bounce coming. Call flow on gold stocks all day.