/biz/ - Business & Finance

Cute

Did anyone make any purchases today? I bought a few hundred shares of Fury gold mining.

piles of gold coins!

>average of 1.5 years from yield curve inversion to recession
>February 2021
Who /comfy/ here

>>24746050
45k more aurcana shares went though, managed to even hit the absolute low of the day.

>>24746050
Bought vangold @ 0.21. perfect time to be buying. I can only see minimal downside potential from here. very asymmetrical play, i havent been able to find anything with a similar risk:reward profile. Their property is incredible and I really like their CEO.

I was hoping klondike would dump a bit so i could pick up some more, but its holding pretty strong.

>>24746050
Bought some more GPL on the dip below .80.

>>24746050
2,000 shares of ME. Steal

>>24746077
>Bitcoin is not a good/service. There is no value in and of itself. You can't measure how valuable it is against goods and services.
This is the interesting part to me. The aggregate value of your money/currency should probably be a function of:
>the total circulating supply +
>some factor related to the non-circulating supply +
>some factor of its industrial demand.
I would hazard that this should be equal to something like the total utility of the use of money against 1) barter and/or 2) a factor of the value of your next best currency.

>>24746160
VGLD is another good one, picked up a lot at about 24-25 cents, yeah its down a bit off that, but I still think its solid. 21 is an absolute steal man good buy

>>24746050
I went crazy and bought 2000 shares of Galleon Gold for $170

>>24746050
lol Two silver maple leafs

>>24746050
tenth oz gold krugerand and some misc old world silver

Bitcoin is another form of a fiat ponzi scheme that will eventually go to zero just like the dollar because paper and internet money are backed by zero intrinsic tangible value.

>>24746063
Beautiful Roman gold

>>24746343
Delete this breakfast right now

>>24746660

Do you guys know of a good site to buy jewelry? I want to gift some gold/silver.

>>24746771
> If you knew how bad things really are

>>24746829
You look at Mene?

>>24746766
no

>>24746050

UEC

I just came across this while looking at my UUUU and actually priding myself for having a decent player this week among my other mining stocks. Took a quick glance at their 10k and see pic related.

Their assets/liabilities ratio gap is pretty wide in terms of having liquid cash. They have some prospects in terms of land (maybe Pan Man can dive further into this) to go along with this. With all that spare room they have, to go along with their $296m MC, it could possibly be a dark horse play for uranium.

I know with everyone fawning over the UUUU meme (hell, I'm playing it admittedly) mostly because it's an American company, UEC is Canadian and I'm not sure about their future with uranium or nuclear energy. And their quarterly earnings seem to fall a point or two each quarter. Not exactly sure what to make of it. Here's the link to their 10k for anyone that has better eyes than I do.

https://www.sec.gov/Archives/edgar/data/1334933/000143774920021877/uec20200731c_10k.htm

Money is the tool that facilitates the indirect exchange system, which mankind developed as an alternative to the inefficient barter system.

In the barter system, parties directly exchange the goods they want to 'sell' for the goods they want to 'buy'. This system carries with it several limitations that impede economic growth, and therefore human progress. these limitations are explained fully here: https://www.yourarticlelibrary.com/economics/money/5-main-difficulties-found-in-barter-system-discussed/37849

The indirect exchange system addresses these difficulties. In the indirect exchange system you 'sell' your good not for a good that you need directly, but for another good which you can then 'sell' for the good that you need. This interim 'good' becomes the medium of exchange(money).

For this to work, the medium of exchange must, like all the goods we wish to exchange it for, be a commodity with qualities that ensure there is constant demand. The reason being is simple - if we are to exchange goods for another good(the medium of exchange) rather than the good we want directly, we must be confident that the good which is now acting as a medium of exchange will have sufficient 'demand' from someone else who possesses the goods we want to 'buy' in exchange for the good which is now acting as the medium of exchange.

For example: if a farmer wants to exchange some wheat for say, some furniture from an artisan, there must be an artisan willing to exchange their furniture for the wheat in return. But the artisan doesn't want wheat in exchange for their furniture- however there are wide array of goods in the economy that the artisan WOULD want in exchange for the furniture.

This is where the indirect exchange system comes in. The two parties, who both have goods they wish to exchange between each other, can now use a 'medium of exchange' to complete the exchange.

>>24747732
There are SEVERAL uranium tickers /smg/ has been ignoring. Hell, CCJ only popped up here because it fucking mooned today. Rule of thumb; /smg/ may offer decent advice a lot of the time if you can tell the difference between it and a shitpost, but there's always more to be found. URNM did better than UEC today, and STLD did better than X and CLF.

>>24747797
The artisan doesn’t want the wheat in exchange for his furniture, so therefore they cant barter with wheat. The artisan also isn’t confident that he can exchange the wheat in turn for the goods he wants In the future, so the parties cant use wheat as the medium of exchange. The artisan would however be willing to exchange his furniture for a certain quantity of copper – a commodity which he both has immediate need for AND is confident we will be able to use as a medium of exchange for goods he will need in the future.

The farmer is also able to exchange his wheat for copper, as there is a miner who wants to exchange his copper directly for wheat, and the farmer is confident he will be able to use the copper as a medium of exchange for goods he will need in the future, in this case, the artisans furniture. Thus, the medium of exchange is born, and copper acts as the ‘Money’ which the farmer uses to ‘buy’ the artisans furniture.

We see displayed here one key characteristic of the means of exchange, and that is that is that it is able to act as a ‘store of value’. For a good to act as a ‘store of value’ it means that it can essentially retain ‘purchasing power’, meaning people can be confident that the same quantity of the medium of exchange can reliably be exchanged for the same quantity of other goods throughout the economy. We can now use exchange ratios(prices), to tell us how what quantity of a certain good we can get in exchange for a certain quantity of money. For prices to be stable, and ultimately then for economies to be stable, then it is essential that money to be the best store of value possible. The free market will determine which commodity best serves as a means of exchange, as it is in everyone’s interest to exchange and store their value as effectively as possible.

>>24747164
I have a very large position in SBSW. Can you tell me more about this one?

Something is a store of value if and only if:
1). There is value in and of itself to store, and
2). Stored value is reliably retained over time.

As Bitcoin doesn't have much history, it doesn't satisfy 2).

However, Bitcoin HODLers may argue that Bitcoin is a speculative store of value. It can only be the case if it at least satisfies 1).

However, Bitcoin does not satisfy 1) either.

Bitcoin's supposed utility is as:
a). a medium of exchange, and
b). a speculative store of value.

b) is what is debated against in this argument.

For a), a medium of exchange has value in and of itself only if it is a good with its own value & utility other than as a medium.

Medium of exchange was invented as a lingua franca of barter of goods for goods, i.e. a universal good with its own value & utility other than as a medium of exchange, and that value & utility can be measured against other goods.

Bitcoin's only supposed utility is a) and b), and no other.

Therefore, Bitcoin suffers the very problem why fiat money fails as a store of value: there is no value in and of itself to store.

QED

Moar

>>24747830
the same argument destroys gold since the value was previously retained throughout history but was abandoned in the last 50 years causing the value to fluctuate

same with silver

there is no store of value that meets your criteria.

QED
>anonsuckingcock.jpeg

>>24747732
The only uranium company I’m comfortable holding right now is CCJ. They’re big and they make a lot of money and if uranium prices really take off and demand picks up they’re going to capture most of the upside. These small companies just seem like the typical small-cap pump and dump type business that happens frequently on here and other online forums. I’ve actually looked at energy fuels and I like it, but I think it’s way too early to be going that far down the quality chain.

So I have about 20k that I want to drop into physical, as all I have currently is 50 oz of silver maples. I've been trying to follow all the usual financial youtubers to keep aware of the goings on, but the more I watch what is happening, the more convinced I am that we might have a major deflationary event that lasts at least a week or more before congress gets their shit together and does anything, and even then, I assume it will take a while for people to start putting money back I to the market if we get MMT. My question is, should I wait for the event to occur to buy physical when everything dumps, and sell my miners at break even or a small profit now and re-buy during the event? I know that getting your hands on physical was a pain in the ass in March for lots of people, but was that true here in Canada as well?

>>24747818
Through much due process over the course of human history, the laws of supply and demand have deducted that Gold and Silver are the most efficient means of exchange.

We can now clearly see what ‘Money’ truly is, and what it cant be.

'Fiat Money', issued by governments, and ultimately backed by nothing but the commodities in which they are manufactured(in most quantities now, nothing, as they are digital) - are worthless and cannot function as a successful means of exchange over the long term. They certainly cannot be a long term 'store of value', as they are not a commodity, there is no 'value' to store, and there is no reasonable expectation that the fiat money can retain purchasing power over the long term.

'Crypto currency', like bitcoin, despite the common consensus, is ultimately no different from fiat in that it likewise is not a commodity and therefore has no 'value' to store. Despite its superiority in a digital, 'decentralised' sense, it is even inferior as a means of exchange, as it is slow, expenses and difficult to exchange(relative to other mediums).

>>24747877
>the same argument destroys gold since the value was previously retained throughout history but was abandoned in the last 50 years causing the value to fluctuate

Gold has not only successfully retained its purchasing power over the long term, but enhanced it.

>>24747902
Imagine betting almost everything on a week of deflation. Just DCA bro.

>>24747877
Value is not price, therefore is not subject to fluctuations.
Value is intrinsic to the asset.
Price is affected by liquidity.
Value isn't.

The concept of value not only applies to gold and commodities, but also equities etc.

Gold retains its value relative to silver, copper, other base metals, foods, real estate etc.

>>24747812
Even if CLF has the potential to mega moon (I have my doubts), that guy spamming /biz/ in its entirety put me off from it forever. Reminds me of the SNSS shill from last year and look how that turned out lol.

From what I gather from UEC, it seems (to me) to have some real potential. Given that the Biden fix is in, relations with Canada will certainly improve to the point America could also benefit from it to a degree. At least from what little I've pieced together, and I'll do more over the weekend, I'm probably picking some of this up on open with other gains I've made if it gets a dip of any sort. Maybe a small entry if it goes up.

>>24747962
>here's a chart showing it increasing against a decreasing asset!
yeah, you're retarded

you guys spend entire threads trying to convince yourselves gold will perform well in a situation you absolutely won't survive.

>>24747976
>Gold retains its value relative to silver, copper, other base metals, foods, real estate etc.
it doesn't though. It goes up and down. Often wildly.

so do all commodities.

>>24747992
>>24747992
>you guys spend entire threads trying to convince yourselves gold will perform well in a situation you absolutely won't survive.

have you provided any actual arguments? I'd love to read the, i jus cant see them here

>>24747992
>you guys spend entire threads trying to convince yourselves gold will perform well in a situation you absolutely won't survive.

>>24748025
you won't survive the collapse of fiat. You will be shot in the first day if you're not nuked or blown the fuck up otherwise

gold varies in value all the time, it's not a store of value and you can't eat it so it's worthless in any survival situations.

A nice Christmas song for you frens

https://youtu.be/rY-XDQN6ipE

>>24747992
What situation are you referring to? the fantasy situation where digital 'assets' retain purchasing power during a financial crisis?

>>24748036
still posting your cherry-picked story of gold supported by GOVERNMENT FIAT?

Gold performed well during the depression because the US GOVERNMENT BOUGHT IT ALL

fuck you're stupid.

>>24748062
You're literally my favorite window-licking retard in these threads

>>24748062
I'll give you a hint, crayon-eater
just because someone tells you you're fucking retarded doesn't mean they're friends with your kindergarten rival

>>24748007
That is price that you are talking about, and is affected by supply and demand.

Consider silver and copper.
As a metal, silver is superior to copper.
Silver has higher electric conductivity than copper.
The intrinsic value of silver and copper are their capabilities as metals, which are intrinsic to them.

Value is not subject to fluctuations of supply and demand.

>>24747732
UEC has got an awful awful name Uranium circles. They`ll do fantastic (but all Uranium miners will) during a bull market but people avoid them because of the insane G&A. UEC has a reputation for being a lifestyle company. As I recall they're headquartered in Canada but their selling points are their American assets which will be production ready when the bull market hits. CEO Amir Adnani has refused to go on interviews regarding UEC, but has willingly interviewed for his other company Goldmining Inc which I'm a shareholder of. Either way I'm avoiding UEC who will dillute you to pay Amir and the executives multi hundred thousand dollar salaries to sit on projects, and on top of that charge shareholders consulting fees from management.

A darkhorse I'd call Fission which has a Tier 1 asset next to Nexgen's. Fission went into a freefall after management issues, but the stock retraced completely after the CEO was replaced by a very experienced industry veteran. The bet here is that management is not an issue anymore, and should that be true you'll get a multiplier on outsized returns that're guaranteed for the next bull market.

A true darkhorse I'd wager would be Uranium Royalty Corp, who is the only Uranium Royalty company in existence. They're founded by Marin Katusa, Rick Rule, and UEC's Adani. However I haven't looked into their royalties yet and last I checked they were some Tier 3 deposits. The wager is that they'll perform like Royalty companies have in gold and silver, which is to say extremely well and with a premium. I call them a true darkhorse as nobody pays them any attention despite what I think is a huge advantage being the first and only Uranium royalty company.

I bought Western Uranium and Vanadium and Goviex at open today. You guys can look into that, no spoonfeeding.

>>24747894
If you're looking for producers on the TSX or NYSE There's not a lot of choice in producers at all. Right after CCJ I'd buy UUUU next.

>>24748036
Wasn't the dollar set in price at that point though? It stands to reason that miners would do well if the inherent value of their fixed price product kept going up. I don't think that applies now, since gold isn't a fixed value.

>>24748113
>Silver has higher electric conductivity than copper.
it doesn't though

silver tarnishes on exposure to light and since electricity travels through the surface of the metal rather than the interior, tarnished normal silver is inferior to copper or even aluminum.

this is why you're retarded. Your beliefs are based in ignorance, not truth.

>>24748129
This is the kind of stuff I wouldn't know about a company first hand, much appreciated.

>>24748066
Are you fucking retarded? The us government bought all the gold, and even confiscated it BECAUSE Gold is real money, and they were terrified people would continue to abandon the USD in exchange for gold. Which of course, people are doing now and have been since the free market for gold opened back up

>>24748129
I don’t spend enough time looking at uranium to really warrant more than one position. Cameco has been doing very nicely the last few weeks but so have the other companies in the sector. I’ve heard of the royalty company and that might be something that I have to look into if it looks like uranium really gets legs underneath it.

>>24748062
Wasn't gold set in price at that point though? It stands to reason that miners would do well if the inherent value of their fixed price product kept going up. I don't think that applies now, since gold isn't a fixed value

>>24748045
>you won't survive the collapse of fiat. You will be shot in the first day if you're not nuked or blown the fuck up otherwise
>gold varies in value all the time, it's not a store of value and you can't eat it so it's worthless in any survival situations.

so you are referring to some apocalyptic scenario in which civilisation falls apart entirely? in which case, no civilisation simply means a return to the barter system - as economies wouldnt be complex enough for a means of exchange as there would only be demand for a finite amount of much needed survival goods.

It seems absurd for you to just come in here and denounce basic economics because you want to larp in a post apocalyptic world

>>24748066
>>24748078
>>24748096
You havent refuted any of the main points.

Please, enlighten us, just why did the US government confiscate gold and fix it at a certain price? it isn't a store of value after all? its a shame you werent available at the time, im sure they would have consulted you.

Chimping out and calling people retards isn't an argument

>>24748221
>if gold went up in a free market it was powerful!
>if gold went up because of government manipulation it was powerful!
see how no matter what story you believe you come to the same conclusion?

that's because you started with the conclusion and worked backwards to a story that fits.

in real life gold was only valuable because the government used it as money. They don't anymore. It has no intrinsic value, it could collapse to $0 tomorrow.

>>24748262
>You havent refuted any of the main points.
nobody has disagreed with me

you agree gold fluctuates in value against other commodities? Then we're done. A store of value won't fluctuate.

>>24748162
>it doesn't though

all opinions immediately discarded

>>24748298
silver is more conductive than copper, but you can't use silver conductors in our atmosphere. You use silver oxide and sulfide which are less conductive.

please pass elementary school before attempting to argue science.

>>24748203
You're welcome, I saw you putting some effort into DD so I tried to help you. Check out these salaries.

>>24748229
Just buy the index. You get what you put in in mining stocks. If you only picked 1 why risk missing insane gains for a gamble. The risk reward is completely off if you picked only 1 company. Even Cameco can get fucked by floods (again).

>>24748295
>A store of value won't fluctuate.

So what is a store of value? Your arguments are insane. Your screaming, calling people retards and insisting there can never be a store of value because things fluctuate in price. Well, congratulations Einstein. No shit things move in price - economies are constantly changing because PEOPLE are always changing. I know what must be impossible for your autist brain to understand.

>>24748392
>So what is a store of value?
there is no such thing as a store of value

if history teaches anything, that's it. There is nothing you value that every person in every time and place has automatically valued aside from your own life and those of your kids. And those don't last.

my point is you guys spend every thread trying to convince yourselves that gold will always be valuable. It's funny. You're funny.

>>24748295
>A store of value won't fluctuate.
Then nothing is a store of value.
At all.

>>24748358
Literally 1/8 of their cash flow is going straight to the CEO. Yeah, I think I'll invest in a shitcoin first. Starting to look like it has all the ingredients for pump and dump pie!

>>24748266
As the most noble of the noble metals in chemistry, and the most malleable metal that is one of the least reactive chemical element, does not tarnish and whose electrical conductivity is quite good, you honestly think that gold's intrinsic value is zero?

If gold's intrinsic value is zero, other metals' intrinsic value is zero, and so is your smartphone, car, clothes, foods, etc.

>>24748431
>trying to convince yourselves that gold will always be valuable
for the last 2000+ years it has a track record of staying valuable, so I think it's worth hedging on it still being valuable lol

>>24747992
If you hoard PMs, but don't think about improving and fortifying your own castle then your going to have a lot of issues that PM's wont solve.

>>24748435
yes

congratulations. You got it. When anon says gold is THE store of value because it holds value against all commodities he's lying. Even if gold is the baseline, all the other commodities go up and down against it.

meaning it doesn't hold value. You can't hold value in any condition where all values change unless you arbitrarily designate one value as invariable. Gold can only be the store of value if you value all things in gold.
which nobody does.

>>24748358
That’s a fair point. Which etf? URA?

>>24748496
Look up the main ETFs and their constituents and decide which ones you like best.

>>24748453
>noble=X,Y,Z
>noble=intrinsic value
>X,Y,Z=intrinsic value
if you can't understand circular reasoning I have no words
>>24748454
>for the last 2000+ years it has a track record of staying valuable, so I think it's worth hedging on it still being valuable lol
yes, the problem of induction

just because it has done a certain thing in some scenarios your cherry picked while ignoring most scenarios when it didn't, doesn't imply it will continue to do that thing.

>>24748475
>all the other commodities go up and down against it.
Stores of value are consistent, they're not supposed to be perfectly valued at any given time. They're the lowest-risk assets you can get, which gold does a really good job of doing.
So your point is moot lol

>>24748456
there you go
violence is the real store of value, and nobody here is rich with it
>>24748517
>They're the lowest-risk assets you can get
in which case real estate is much better than gold, or even the US stock market. Gold sucks in comparison

>>24748547
>in which case real estate is much better than gold
I agree with you, real estate is the goal. The next best thing is gold.

>>24748565
>The next best thing is gold.
or pork bellies or chrysler stock or savings bonds or an antique shop

there is no such thing as 'best' in changing markets or for every person. The idea that one asset will be 'best' at all times for all people is ridiculous. buy gold if it makes you feel comfy. It sure as fuck won't save you and it'll never make you rich
but you might feel good and that's fine.

>>24748597
aight that's cool dude

>>24747877
By my argument, gold is currently a speculative store of value.

Gold isn't exactly used as a store of value now.

But Bitcoin doesn't even qualify as a speculative store of value.

>>24749138
fair enough

but this isn't gold vs. bitcoin
that's your pretend arena you choose to play in because it's easy for you to win

in real life neither gold nor bitcoin is likely to matter if the dollar collapses. The scenario /pmg/ prays for will almost certainly destroy any value gold might have had.

My order's never coming, is it?

>>24748597
>or pork bellies or chrysler stock or savings bonds or an antique shop

Your kind of right on the pork bellies and antique shop. The former had better be in a deep freeze though.

>>24749508
What exactly are you predicting would make gold go down this time? It didn't go down during the Fall of Rome. It didn't go down during the Black Death, or the Great Depression, or either of the World Wars.

Surely the onus is on you to suggest why there is any probability of gold going down in the foreseeable future, rather than on us to suggest the opposite.

https://www.youtube.com/watch?v=EZgX05VS8N4

>>24749508
You have absolutely no idea what you're talking about.

>just got 10 of these
today I popped my cherry

>>24750015
>It didn't go down during the Fall of Rome. It didn't go down during the Black Death, or the Great Depression, or either of the World Wars.
debatable, but let's cut to the chase

historically gold wasn't worth anything to most of the humans on the planet even in places rich with it because it has no inherent, intrinsic value.

even in places where it was valuable it was almost never the common free man mining it because it wasn't valuable to him. He wasn't allowed to own it. It was almost always slaves doing the mining for incredibly wealthy people that showed it off as fuck-you money. It rarely circulated, it was always hoarded. If we wanted a modern analogy to historic gold it wouldn't be gold, it'd be lambos and private islands and jet planes and yachts. All of which are also terrible investments because just like gold throughout history, only royalty can afford to keep and maintain them.

Gold has already gone down in value. A few ounces of it used to be worth a slave's entire life work. Literally. Now you couldn't buy a human life with 1,000 ounces. The human effort required to produce it has dropped to almost nothing.

>>24750253
>Now you couldn't buy a human life with 1,000 ounces

Quick math, an ounce of gold is worth $1,800. A thousand ounces of gold is worth almost two million dollars. You absolutely can buy a human chattel for that money.

>>24750015
>What exactly are you predicting would make gold go down this time?

in fact /pmg/ spends a lot of time talking about how much gold has gone down in value. Whether we're talking the wages of a roman centurion or the earnings of a scottish laird or the tithes of british knights, gold used to be far more valuable than it is now.

that's /pmg/'s biggest argument about why it should go up in price. It's done nothing but lose value over the last couple thousand years. You see that as a reason for it to go up. Normal people see that as solid evidence it'll keep going down.

>>24750312
that's the average payout in the US for an accidental death on the job in a gold mine

>>24750325
>It's done nothing but lose value over the last couple thousand years.

Do you have any evidence for this because everything I've seen is to the contrary

>>24750371
lurk /pmg/ for a while or check our archives. It's full of anons talking about how incredibly valuable gold and silver were in roman times compared to now. Somebody will probably jump in with the stats if we wait a few hours.

>>24750152
Nice still waiting on mine from Monument Metals.

>>24750371
if you want more modern evidence just look at a man's daily wages in the US over the last couple hundred years. It went from about an ounce of silver a week or an ounce of gold every 6 months in the 1700's to an ounce of silver a day or an ounce of gold every month in the 1800's to 3 ounces of silver a day or an ounce of gold every 2 weeks in the early 1900's.

Now it's probably closer to 10 ounces of silver a day or an ounce of gold a week in much of the US.

the value continues to decline against goods and labor.

>24748325
>you use silver oxide and sulfide which are less conductive
>this faggot claiming that no one uses silver in atmosphere as a conducting media
>thinks other people are dumb

>instead they must use an oxide of sulfide of silver for that purpose
>completely oblivious to the fact that silver oxide and sulfide are non conductive.
What a nigger.

But the even bigger niggers, are the dumb fucking faggots that can't detect bait even though it stinks so badly I can smell it through my screen. Jesus fuck /pmg/ stop replying so goddamn quickly.

>>24748129
Good post. Tickers put on DD list along with the other 200 or so companies. Thanks anon
>>24750529
Yeah /pmg/ takes baits hook line and sinker. /pmg/ is too boomer to recognize bait it seems

>>24750529
does electricity travel through the core of a wire or over the surface?

you don't even have to pass 8th grade science to know the answer. Silver oxidizes almost instantly and -as you say- silver oxides and sulfides aren't conductive

that's why your wiring is copper, not silver. Even rich people use copper because it's a better conductor. Because electricity travels over the surface of a conductor, not through it. And the surface of silver is non-conductive.

free lesson on metals and electricity, kiddo. You're welcome.

For the dumb cunts in this thread that don't know the first fucking thing about wires, let me give the basics.
>With the exceptions of the contacts, it doesn't matter what the wire's outside does so long as its insulated.
>why do you think power cords work despite being coated in plastic.
>Electrons move along the entire diameter of a wire surface with a slight bias toward the center of a wire in real world circumstances because its easier to move completely in the distributed electron cloud of metal than along a surface where you come in contact with an insulating media (rubber, plastic, air).

Have some noble metals chemistry while we're at it:
>Its actually kind of fucking hard to make silver oxide in normal conditions.
>silver would much rather react with trace amounts of sulfur in the air to make AgS.
>You know what really likes to form oxides in air?
>Copper

If a single one of you coal black heart of africa gorilla niggers replies to the faggot, apply for Guatemalan citizenship.

>>24750612
>With the exceptions of the contacts, it doesn't matter what the wire's outside does so long as its insulated
yes, because clearly the contacts aren't important.

and that's the other thing about copper. Yes, it can oxidize. But it resists heat much better than silver, so when your copper contacts tarnish your house doesn't burn to the ground.

silver and aluminum have both been tried for wiring. Both with catastrophic results. Always at the contacts, always because of oxidation producing heat and then fire.

>>24750612
>apply for Guatemalan citizenship.
you have to reply because I'm right and you know it and it eats you up inside that other people will see it.

>>24750478
its almost as if we can produce a lot more goods and services with the same energy output as we could in the 1800's

its almost as if gold and silver are dramatically undervalued relative to goods and services because governments maintain a monopoly on the means of exchange and have diverted capital away from precious metals in the last 100 years

you are the single biggest, most useless cunt i've come across on /biz/

>>24748515
>just because it has done a certain thing in some scenarios your cherry picked while ignoring most scenarios when it didn't,

please show us the times throughout history where gold hasnt retained its purchasing power over a long term basis

>>24750833
>its almost as if we can produce a lot more goods and services with the same energy output as we could in the 1800's
true, including gold and silver
>its almost as if gold and silver are dramatically undervalued relative to goods and services because governments maintain a monopoly on the means of exchange and have diverted capital away from precious metals in the last 100 years
not just governments

notice how nobody demands to be paid in silver or gold anymore? The populace quite willingly gave them up as well. They're not coming back. Not because the government wills it but because people don't want them.
>you are the single biggest, most useless cunt i've come across on /biz/
almost all of /biz/ would agree with me and you know it. Maybe you meant your own personal hugbox here on /pmg/?

>>24750840
places, not times

most human civilizations never valued gold

>>24750871
>The populace quite willingly gave them up as well.
If you understood history you would know this has happened before, eventually they returned to gold and silver. Maybe not today or tomorrow but some day.

>>24750880
>most human civilizations never valued gold

>>24750880
Is this nigger serious

People in first world countries were programmed to view PMs as obsolete assets. People in India value gold, Turkish people would rather hold gold than shitty liras. Thing is, quality of life is going down rapidly in first world and faith in USD, Euro will dive down soon.

>>24751101
This.
The first world is a bubble.
The first world is at ATH and will crash.
When you are in a bubble, you're disconnected with reality. And when the bubble pops, reality strikes.
Emerging markets on the other hand are not a bubble.

>>24750880
AHHAHHAAAHAHAHA

>>24751034
>>24751052
>>24751477
>china, mexico, middle east and europe are the whole world
literal retards here

Everybody says the same thing “when there is more money, inflation occurs”

Why do prices need to go up when printing money? Why doesn’t the store just embrace an empty inventory instead of having people unable to purchase anything at all, is the increase in demand automatically lead to higher prices, why, explain the inner workings? Is it greed, an opportunity to gain more because of greater demand? Who determines my purchasing power and from what information source did people consult in the 1900s that displayed, officially what x is worth and who makes that decision today? Are we going to go hundreds of years of people using vouchers as money instead of what money was originally, Precious metals - today digits on a screen, the inconvenience of carrying coins is remedied by increasing the purchasing power, I would only need to carry fractions of an ounce to buy a months food....

>>24747812
Smg barely does proper DD on the companies they shill but where they really fail is they dont do proper DD on the INDUSTRIES that they shill. Example: NAK. Of they would have come over here and learned about the mining industry they could have seen it was a terrible investment. They barely research the companies, they know nothing about the industries.

>>24751601
don't mention N A K here keep it in smg.
It's a troll for a ticker scraping bot that's all.

>>24751545
>Third world countries never valued gold!
Guess why they were banging rocks together while the European nations were conquering the world. No gold, ngmi. This is true since over 5,000 years ago

>>24751860
yep, but if you're going to pretend it has innate, inherent, intrinsic value you have to explain why most people saw it and thought, "nah, jus a stupid rock."

it's not innately valuable. Lots of people didn't give a fuck about it. Most people that have lived never cared about it.

>>24750478
An ounce a week of gold would be the top ten percent of wage earners in the us and really more like the top 5 or 1 percent.

>>24751916
6 ounces a week will put you in the top 1% of earners in the US

I make about 9 ounces per week.

>>24751948
Youre making 20,000 a week? That's top one percent. Maybe even .1%.

I think top 1% of earners starts at like 50k.

>>24751958
>I think top 1% of earners starts at like 50k.
550k

>>24751948
I make .75 oz a month. I have a very weird set up. Tons of assets. Jack shit for income. Neet max.

>>24751971
mine's the opposite, enormous income, no assets. Straight business.

>>24751889
Those third world country people simply didn't have the ability to extract ore and process it. If they did, and they found gold, they too would've instantly valued it and treasured it. Like everybody else.

>>24752024
When we came to north america we found gold in the streams just sitting there. No extraction needed. The natives had worked copper at some point but that never caught on. They apparently never did anything with gold or silver despite there being shitloads of it laying around on the ground and in the rivers where any man, woman, child, or burro could find it.

>>24751889
if something was used as money for 5000 years, you better believe it was for a good reason. Go find something else that is scarce, fungible and timeless. You can go to the fucking jungle and exchange food for gold with these niggers.
hint : your shitcoins aren't.

>>24752050
>if something was used as money for 5000 years, you better believe it was for a good reason.
you have a lot more faith in my ancestors than I do. Those idiots worshiped a jewish zombie, traveled by leaky sailboat, used leaches to cure every disease, sent letters on foot or by horseback, and worked all day every day for their entire short lives.
but by your admission there must have been a good reason.

>>24752049
Huh. Guess I'll have to eat my words then. But I will move my goalpost and say that in civilizations that had currency, the currency has historically always been based on gold (with some exceptions like those tally sticks they started using for a while because King Henry I[?] wanted bankers to have less power)

>>24752089
true, but it seems that was spread from only two different civilizations that originated the practice. Some historians argue it was only one.

not counting the aztec/maya/inca in that one. They clearly valued gold but I'm not sure they used it as currency.

>>24752049
All humans eventually will awaken to its value. Keyword humans, capable of higher level cognitive thought. Obviously monkeys and apes may not be able to recognise its inherent value (although the smarter ones do)

>>24752109
no true scotsman

thanks, i was waiting for that. I'm off to bed now, you've performed adequately.

>>24752107
no actually the cultures of central and south america considered it "wrong" to use gold and silver as currency. Gold was seen as a religiously valued material, and was for crafting beautiful items from, same goes for silver. Most of those cultures used coco and coffee beans for general currency instead.

>>24752107
I agree with you
>>24752131
Pan Man to the rescue once again. Good info, thanks

>>24752131
thank you, i had forgotten cocoa. I was thinking about wampum though.

>>24752144
Also were not sure why the arts of gold smithing didnt make their way up into north america like they did in the south, many attribute it to outside forces bringing the info in from elsewhere. The only group to take to gold smithing with any skill were the West coast Haida and their sister clans. When they first came in contact with Spanish and Portuguese explorers in the 16th and 17th centuries they traded everything they could get their hands on for gold coinage, which they converted into stunning art forms. Once they realized that their own lands carried gold, they became exceptional miners and even beat many whites to the coastal gold fields.

>>24752157
Salt from the Atacama desert was another regular form of currency to the Moche, the greatest goldsmiths of the Americas. They figured out electroplating gold to copper items as early as the 10th century, and also developed standardized amalgam formulas for making very pure gold used in making leaf. Their gold made it as far away as the Spanish court which instead of smelting these artifacts down stored them as being some of the highest forms of goldsmithing ever seen.

>>24752179
yep, particularly curious since the anasazi or ancestral puebloans were almost certainly aztecs that moved far north into a land full of gold They took parrot feathers and food crops and tool skills north but not gold. Very likely because of >>24752229

the aztecs perhaps never learned to work gold, and only collected it from neighboring cultures that were extremely skilled at metallurgy.

>>24752265
i know the Aztec's had their vassal states pay taxes in gold and were making things themselves, but the knowledge was likely tightly controlled by gilds or master to apprentice type setups. We have to remember too, that gold is heavy and when your moving house to a new region its not likely they would carry that with them since they didnt have beasts of burden or the wheel. That gold was likely reworked into new items over and over again until the Spanish showed up.

>>24748129
What's a royalty corp

>>24752179
Haida seem exceedingly based.

>>24751985
Im hoping to double or triple my assets next year. Income will still be nothing lol. WOOOOAAAAHHH! LIVIN' ON A PRAYER!!

>>24752353
o man they were, as soon as guys like juan de fuca and other explorers explained cannons to the Haida, they acquired them and mounted two or more on their massive war boats and basically went about pillaging every other nation on the West Coast. Other groups thought it was the end of the world as the Haida went full viking on them, either enslaving or just burning every village they came across. When they ran out of gun powder they would barter with Japanese fishing boats for it, than plunder them afterwords!

Honestly we fucked up giving them guns early on.

>>24752393
TAKE MY HAND
WAGMI I SWEAR

>>24752350
while we're at it, whats a lode claim and whats a stake claim?

>>24752425
lode = hard bedrock
staking = you control a segment of a lands mineral rights for a period of time

we have a glossary of mining terms in the header https://www.mines.ca/glossary.php

cool

>>24750880
Shadowkike confirmed

>>24752078
Not every ancestor worshipped jewish zombie, not every ancestor traveled by leaky boat, not every ancestor used leaches, but every ancestor used gold and silver as money for 5000 years. See my point ? Don't waste my time if you can't, retard.

>>24752350
I believe that's just the name of the company but if it's a thing,it's probably a company that seeks to sell their assets while making royalty contracts to get a sustained capital flow from the new owner of the asset.
>>24752397
Lmfao, chad Haida vs virgin Aztecs
>>24752456
Should be get to work a little on those main glossary terms now btw? Just got home from work.

>>24752588
sure thing! I dont have much to do today. I tried finding some easier to read diagrams for some of the remote sensing info but its just too technical to condense. I ll post some photos here in a bit and we can work from there.

>>24752643
I think it's enough to just explain the function of the airborne surveys, shortly explain the difference between IP/EM/Resistivity and show an image of one of those drones. No need to get any more techical than that I think

>>24752664
agreed, i already have a shot of a helicopter with a magnetometer on it, might go find a photo of a seismic truck as well but thats more for oil and gas. I have all sorts of photos for mining vehicles and milling gear too, can you post that basic list again if you have it and i ll check off what I have already in a folder.

>>24752692
Hold on I'll turn on my computer. I have the list right there.
Also we could add an example image of a resistivity map or something

>>24750152
Very nice, my first piece was an asahi too
Asahi and valcambi are the best

>>24752725
yep sounds good. i think i have a few photos that will work for that.

>>24752740
Here we go

GEOLOGY:
>deposits
Banded Iron Formation (BIF); Epithermal deposit; Lode; Placer; Porphyry copper [not included in list: VMS, low sulphidation deposits]
>geological structures
Basal Till; Break; Disseminated ore; Fault; Footwall; Greenstone Belt; Hanging wall; Host rock; Native ore; Outcrop; Precambrian Shield; Strike; Vein

EXPLORATION:
>imaging & mapping
Aeromagnetic survey; Airborne survey; EM Survey; Geophysical survey; Induced polarization; Resistivity survey
>sampling
Anomaly; Assay; Bulk sample; Channel sample; Chip sample; Grab sample; Trench
>drilling
Core; Logging; Step-out drilling

MINING:
>mining methods
Block caving; Bulk mining; Cut-and-fill; Open pit; Room-and-pillar mining
>processing
Byproduct; Concentrate; Flotation; Mill
>recovery
Bio-leaching, Heap leaching; Leaching; Refractory ore
>other
Tailings; Tailings pond

>>24752765
i ll post photos here with a caption for now but if the thread gets too cluttered we may need to make an imgur folder.

Heres a "BIF"

>>24752883
Alright I'll begin downloading these and trying to figure out how best to edit these. Might be best to go for the imgur option regardless in the end but I want to see if I can make a good image myself first. Probably will get very cluttered though!

>>24752891
i would make one but imgur wants my cell phone number for some bs reason.

Heres a chart for epithermal deposits

>>24752891
placer deposit diagram

>>24752883
I'll begin trying to do write-ups on these. Please check them and correct me if I'm wrong or offer improvements if you think I should add something

BIFs: Banded Iron Formations (BIFs) are structures that host iron in large quantities, in alternating layers of iron oxides, quartz, carbonates, and/or silicates, typically containing 20-40% iron and 40-50% silica. These formations can be up to several hundrer meters thick and extend laterally for hundreds of kilometers. BIFs are known to host minerals other than iron too, including gold. Gold-bearing BIFs occur in greenstone belts all around the world. BIF-hosted gold deposits can be remarkably large, usually hosting high-grade gold in cross-cutting quartz veins and structures in complex terrains.

>>24752891
aerial survay diagram

>>24753153
looks good too me, i think though for a few of these more specific geologic terms, we could link to a wiki article or something instead, as it would probably be easier on the both of us.

>>24753191
Aight. I don't mind trying to do layman's explanations though! There's always the Geology 101 video presentation series if people want to have more in-depth and accurate info, which is in the pastebin too

>>24753214
helicopter magnetic survay setup.

>>24748325
You're retarded. Copper is above silver in the reactivity series which means it is more susceptible to corrosion. The only reason silver isn't used as wiring is because it is much more expensive and is less malleable and ductile leading to cracks when twisted into place in wire form.

>>24753214
a simple mill diagram that works probably for a basic idea of how milling works. i can get more for the different types of recovery though as well.

>>24749896
>My order's never coming, is it?
Nope I'm in the same boat fren

>>24753480
heap leaching

>>24752913
Epithermal deposits are near-surface, typically small high-grade deposits that host precious metals, with gold usually being the dominant metal. Sometimes epithermal deposits host economic concentrations of base metals too. Due to being close to surface, these deposits can be easily mined. Mineralization generally occurs at max. 1.5km depth and rarely occurs at >600m depth. Epithermal deposits are most typically hosted in igneous and sedimentary rocks but can occur in nearly any rock type. There are three types of epithermal gold deposits: high-, intermediate-, and low-sulphidation deposits. Intermediate- and high-sulphidation deposits tend to form at greater depths and high-sulphidation deposits tend to be linked to porphyry deposits.

I dunno, that image is so comprehensive I feel like I should add more info about it... like the porphyries, massive sulphides, breccia pipes at least. But I'll have to do more reading on those too, a lot of new information to me here

>>24749508
Most of the people in here are holding gold and silver for a time after "collapse" shtf, when a stable economy forms again. They're not planning to buy prepping shit, during the collapse because they're already doing it lol.

>>24748547 Everybody knows being able to kick down someone's door, shoot everybody, and loot their stuff is a better "store of value" than gold and silver. It's just that you have to be able to do that over and over again without backlash to actually be able to RULE over a group of people, which makes you the leader. Of course that's a store of value, intrinsic to the constitution of very few people, one which will make you rich, but it's not one that everyone can utilize without getting killed

>>24753559
here have the 911 metallurgist article on the subject its handy. https://www.911metallurgist.com/blog/epithermal-gold-deposits-characteristics this also links to how everythings tied together with porphyry deposits.

>>24753594
Thanks I'll do some reading and try to come up with simple explanations

>>24748162
You're a retard

>>24753612
simply put, further from the source = lower sulfidation usually.

>>24753694
Yeah figured that out, near-surface tends to be low-sulph. I'll keep reading and see if I can improve more

Anybody watch xau/cny?

>>24750393
You yourself >>24747877 say that gold was abandoned within the last 50 years, which most anons here would say is where most of the devaluation of gold occurred, not during the last 2000 years.

>>24750253
So, gold is fuck you money? Guess I should buy more of it at the lowest price in 2000 years according to you.

>>24753694
Alright I'm beginning to really understand how this works now. I don't think the details are necessary to add for anons wanting a quick explanation but I'm glad I understand how these are formed a bit better now. Will do a write-up on porphyries, volcanic massive sulphides and maybe breccia pipes though

>>24753878
Heres a shot of a diamond drill for the exploration section as well as an explanation.

A diamond core drill operates by sinking a steel cased pipe down into rock, the center of the pipe collects a round "core" sample which is recovered when the pipe is pulled back out of the hole. This sample is split in two, one half for records the other is sent for assay to determine the mineral / metal grade of the sample.

>>24754143
Thanks for making my job easier Pan Man. Here's an updated version of the epithermal deposits text, I think this should suffice

Epithermal deposits are near-surface, typically small high-grade deposits that host precious metals, with gold usually being the dominant metal. Epithermal deposits can also host economic concentrations of base metals. Due to being close to surface, these deposits can be easily mined. Mineralization generally occurs at 0-1km depth and rarely occurs at >600m depth. Epithermal deposits are most typically hosted in igneous and sedimentary rocks but can occur in nearly any rock type. There are three types of epithermal gold deposits: high-, intermediate-, and low-sulphidation deposits.
•Low-sulphidation deposits tend to appear closer to surface while intermediate- and high-sulphidation deposits on the other hand tend to form at greater depths.
•High-sulphidation deposits tend to be linked to porphyry deposits, with porphyry deposits being deeper down
•Intermediate-sulphidation deposits are generally in veins and breccias and usually in addition to gold contain significant silver and in increasing amounts lead and zinc deeper down underground.

>>24754485
perfect! i ll do a quick write up on a few other photos as well. If I disappear though for a bit my apologies, I am waiting on a few phone calls right now.

>>24754526
No worries, as I said before we're not in a hurry. I'm downloading these images and saving the write-ups in .txt file, we can keep going later. Thanks for helping me do this, you're one of the few here who has the extensive knowledge required for explaining these things

>>24754630
good than yes we can slowly chew our way though this over a few days / threads.

>>24754696
Yeah we can actually leave it at that for today. I'll see to making more write-ups on different deposits at least, will learn a lot while doing that as a bonus.

>>24750880
>most human civilizations never valued gold
Like who? People who never saw it? Complete savages who never invented anything more advanced than the stick?

>>24752883
>i ll post photos here with a caption for now but if the thread gets too cluttered we may need to make an imgur folder.
>Heres a "BIF"
Pyrite?

>>24753739
>Anybody watch xau/cny?
Summarize the fuckery you have witnessed

>>24749138
I think we need to define value here. One of the words I like swapping in is typically utility.gold may have value as something beautiful, but the utility of gold would be its ability to be sound money. Money as an invention is very useful and hence why I say that the a1c+a2s+c*s+e=v
Where c is the circulating supply, s is the uncirculated supply, e is for error, and v is the total value of using your currency against an alternative such as barter or dollars. Ex. If the tax on dollars goes too high, v will decrease and purple will switch back to barter or another system altogether, gold or bitcoin.

are there mining stocks which are operating in mauretania or the tibesti mountains in chad? or is it all anarchy down there?

>Not owning the only Metal that matters

>>24745976
Anyone with experience trading gold:silver ratio with leverage?
Considering some LEAPs on GLD, SLV, IAU, NGUT, AUY, and KL.
For GLD and SLV, this means purchasing puts on gold and calls on silver when the ratio is high and the opposite when the ratio is low. The bet is that the spread gets smaller with time with high-ratios, and increase with low-ratios.
And bros, spare the rhetoric on iShares being just empty vaults, that's totally valid and totally beside the point. I'm looking to buy and sell options contracts tied to the price of physical bullion. My PHYS and PSLV don't let me do that. This kind of trade makes sense only after a historic minimum or maximum in the GSR. GLD and SLV will have had some dramatic shifts in valuation by the time this trade comes up.

>>24755526
That's a pretty specific question.
Doing some light research, First Quantum Minerals has a copper-gold mine in Mauritania near their capital. Couldn't find any other Western-owned mining companies with projects over there.

As for Chad, they haven't had any precious metal exports since 2019 but their government seeks to develop Chad's mining industry. Their government issued a 2010 geologic survey that concluded that Chad may contain deposits of gold, silver, diamonds, quartz, bauxite, granite, tin, tungsten, uranium, limestone, sand, gravel, kaolin, and salt. (https://www.trade.gov/country-commercial-guides/chad-mining-and-precious-metals).). Chad's mining industry is only sprouting it seems. Gotta hand it to Chad, they're trying their best it seems, despite the awful state of the country.
>>24755688
fuck off shill

>>24755887
>That's a pretty specific question.
yeah, i read an article about the phenomenon in my native language, sadly there is no translation in english available. but no miners or cooperations were mentioned, so i am asking.
thanks for the help, it really seems that its mostly anarchy down there when it comes to mining. or id have to look into african local markets, which should be a pain in the ass.

>>24755737
Anyone with experience trading gold:silver ratio with leverage?
Considering some POOPs on PEE, CUM, NIG, SHIT, BIX, and MUP.
For PEE and CUM, this means purchasing puts on gold and calls on silver when the ratio is high and the opposite when the ratio is low. The bet is that the spread gets smaller with time with high-ratios, and increase with low-ratios.
And bros, spare the rhetoric on iShares being just empty vaults, that's totally valid and totally beside the point. I'm looking to buy and sell options contracts tied to the price of physical bullion. My CUNT and CRAP don't let me do that. This kind of trade makes sense only after a historic minimum or maximum in the GSR. PEE and CUM will have had some dramatic shifts in valuation by the time this trade comes up.

>>24756213
There's mining going in other parts of Africa though, South Africa is a big mining country to my knowledge. Fight on and be safe out there africanon

>>24752078
>worked all day every day for their entire short lives.
Lol.

>>24756265
yeah, but mines in SA or ghana are all pretty developed. i wouldnt expect gold-rush style developements happening down there anymore.
the tibesti mountains on the other hand, those were to my knowledge never exploited for gold or any metals whatsoever.
>Fight on and be safe out there africanon
i am an european from europe. not 10 horses would get me down there.

>>24756351

>>24756351
I just want free markets, is that too much to ask?! Fuck this gay economy, fuck this consumer culture, fuck this never-ending greed and pathological need for growth and expansion. Fuck this excessive leveraging, printing of money and controlled economy where taxes increase while the layman becomes not only less free but also less capable of becoming self-sufficient. FUCK ALL OF IT

>>24756366
Oh okay lol, was thinking about how somebody from Chad has gotten themselves a computer and sustained infrastructure to access the Internet. Yeah Chad seems like it could prove to hold some very prospective ground, especially if they have a mountain range. I'll definitely keep my eyes open for any exploration happening over there, would put some money aside as a speculative investment. The government over there really seems to be trying their hardest to get their country on its feet. I hope they manage to get some companies over there to explore and develop resources.

>>24756351
what book?

>>24756457
Retarded goy, won’t you think of the economy? Just finance your “cathedral” and add to the GDP. Culture comes second to profit!

>>24756626
I have to ask, after learning of these things in general but realizing you're powerless to change it in any significant way other than preparing for a shtf scenario, how do you, well, cope with it?

>>24756351
>>24756626
>>24756698
>>24756495
>>24756457
Keep in mind this happened on an island with little outside influence and the events described here (year cathedral was built and living standard) took place about 200 years after the expulsion of the Jews

>>24756576
https://archive.org/details/hocbn

>>24756698
We may not have any public great works now, but it doesn’t stop you from private art.
I personally endure it by developing artistic skills (not painting or music, since those are both overdone). I intend to make pieces that will endure for longer than I will live and pass them down.

TLDR make art that contains your values.

>>24756560
>I hope they manage to get some companies over there to explore and develop resources.
thats what i am hoping for too. it would be heavily speculative, but maybe extremly attractive when it comes to junior miners.

>>24756853
Yeah, there're a bunch of jurisdictional risks as well as the risk of there just not being any economically viable mineralization to mine. But it would only require one or two good hits to really get eyes darting towards Chad I think. Their government just needs to take initiative and make themselves marketable, maybe do some drilling of their own with some taxpayer money like we've done over here in Finland.

>>24752350
Google it.

>>24756834
Thanks anon.

>>24756834
>I personally endure it by developing artistic skills (not painting or music, since those are both overdone)
Are you sculpting? That is probably the most based and sadly forgotten forms of art. You only get shitty modern art blobs today

>>24756955
That's because modern art galleries are money laundering operations/markets for buying and selling children among the rich

>>24756351
B-b-b-but without a debt and fiat based economy, how can we have growth ??!!! Usury is for your own good !

>>24757026
Was this really posted after they made 0 reserve bank requirements? Kek.

>>24757026

>>24757026
>established in 19-*33* >>24757071

Btw did this post >>24756744 get shadowbanned? Nobody has responded to any of my posts. Not saying I deserve responses, but usually I get more, so I'm just curious

>>24757105
Naw I can see it, I just don't have anything to say to that.

>>24755117
We can't have that in America because niggers will destroy it.

>>24756955
No, I’m not particularly good with sculpting unfortunately and I’m lacklustre with painting. I do sincerely want to try the latter some day but I feel like everyone and their mom shits out painted art. I prefer the classics, anyway.

While these skills are developing, I do metalsmithing, engraving, and watchmaking. I’m a fan of practical art. I want to specify that watchmaking isn’t the “I assembled parts from eBay,” shit; custom cases and dials are where it’s at since they’re the “body” and “face” of the watch respectively.
There are other things that I’m exploring as well, but the TLDR is that artistic items are the main things being lost in the modern age. It’s really cheap to start in most cases, too. Instead of jerking off or playing vidya you can make something that’ll endure and flex on your peers too.

>>24752049
The Indians in California and a lot of the other place where Gold was found were all hunter-gatherers, they didn't use Gold because they never made many transactions in the first place. They had ever started using agriculture they probably would've mined the Gold.

>>24757170
Nice. Got any images of your favourite timepieces you've crafted? I assume you assemble the mechanism by yourself too? I'd love to see some of the fruits of your labour

>>24757122
Alright good to know

>>24756983
Btw if you don't believe me about this post pic related

>>24756351
Keep in mind, Jews were expelled from England in 1290. They fled to Spain and other areas, and were expelled from Spain after the forced conversions to Christianity did not dissolve their tribalism. After the SPanish Inquisition, Jews fled Spain to Holland where they financed Oliver Cromwell's civil war in England in the 1600s. He won and allowed Jews back into England. The Jews set up a central bank, and jacked up taxes and a 20% income tax on the people to pay interest on their new national debt.
And the first thing England did was start a war with Spain. credit based money can be printed, where real money in the form of gold can not be printed, so Spain was going bankrupt (and was already in poor shape kicking out the Moors who the Jews helped). England also fought with France and Russia, and ended up ruining their finances as well. So one Jew run central bank will be used to destroy other nations and get them under bank control. Jews are evil and have to be contained because they keep ruining everything. Read this book, A History of Central Banking.

>>24757322
Alright man I can go with rich people laundering money but selling children and showing them literal live sex are entirely separate things. I fucking hate modern art, it's just shallow nonsense and shock value for the most part but I think you're really grasping at straws right now

>>24757358
>>24756744
We're on the same wavelength

>>24757410
It's not about the display of sex to children, but that's still bad. They normalize that to destroy innocence and make it a place they can inhabit just like they destroy children in torture rooms in tunnels underneath D.C.

>>24757234
I unfortunately don’t have anything good to share right now because, like I said, the skills are developing. That goes for basically everything I listed.

The watch mechanism (or “movement”) is a bit more of a challenge to make completely by hand. They are very complex, however I am trying to learn them as I work on dials and cases. My goal is to make one from (relative) scratch, but that’s years away.
You can purchase watch movements as stand-alone items and build the case and dial around it. That’s the extent of my ability right now, and I don’t have much to be proud of yet. Even just developing a fitting ring to hold the movement takes a fair amount of development time. I enjoy it, though.

>>24757473
Alright, it's a shame I don't get to see anything from you but I'm glad you're telling me more. Have you considered trying to apprentice for a watchmaker or jeweler? I'm sure you'd learn very fast that way and might even be able to turn your passion into a business if you wanted

>>24756983
It's because sculpture is a pointless skill when you can design in a digital world and 3D print.

>>24750325
Gold hasn't gone down in value one bit, it has gone down in PRICE, a totally different think.
But don't worry, that will be solved dramatically this decade.

>>24750253
>Gold doesn't have instrinsic value
My man, what can i tell you? You need to go back, you got it all wrong...

>>24757559
*thing

>>24757462
Based and redpilled. Your post was not shadowbanned.

>>24757526
I’ve considered it but unfortunately I already have a job that’s financing my hobbies.
As for making it a business, there’s actually several options. I’m not going to go into them right now but I’m definitely considering it if I ever make legitimately high-quality work, or at least get the skills to make something unique.

But yeah if I ever do something that I would be comfortable selling to people I’ll be sure to post it. Fortunately I still have years to develop skills and the Internet + ye olde books makes a lot of the learning process pretty easy.

>>24757737
I'll be looking forward to seeing you post something great here one day anon. YGMI

>>24757760
Thanks bud, WAGMI

>>24757358

This is all pretty /pol/ and not /pmg/, but...

That whole system depends cyclically looting then fleeing to as the natives get restless and the wealth dries up. They've really got themselves in a pickle this time though. The big plan was to open China up and make that the next place to flee to after the west got pissed enough at them. You need only go back and look at all the Jewish advisors to the CCP to see how long they've been working that angle. They think very long term.

But the Chinese are similarly clever, and also think in terms of 100+ years. The Jews might have helped them supplant the USA, but when the time comes to pay back that debt, the CCP will slam the door in their face and make it plain that the Han controlled CCP will continue to be the owners of the Orient (and it's financial systems).

There are rumblings, recently, indicating they've finally started to figure this out (115 IQ geniuses that they are) and so will be scheming something to try to get rid of the CCP to clear the way. They'll try to amplify schisms between factions in China and finance rebellions. I don't think they'll be successful, and they'll start to get desperate. It'll be a dangerous time, and the West will not be a good place to be.

For those who are getting impatient:
https://www.zerohedge.com/news/2020-12-10/patience-goldbug
>Bullish on physical
>Short term uncertainty on spot price and miners.

>>24758321
>tfw green across the board
Nah I'm good, I'd actually want to stay red for a couple of months to accumulate more

I'm thinking about buying some physical silver as a hedge. Anyone know any good dealers in central Massachusetts? Boston would also work.

>>24756698
You learn skills and prepare an ark for your posterity. Build skills, build value, build communities.

>>24756834
God I hope this can be me in a few years:
https://www.youtube.com/watch?v=qTy3uQFsirk

>>24758710
>Build skills, build value
Currently doing it
>build communities.
I'm lost on this one though.

>>24758321
that's good, I'm currently racking my brain on my list of entry. Don't have funds to enter all of them at the same times, will probably be done by april but price will have mooned already. Will probably sacrifice strikepoint and klondike by getting in late but have no choice, don't have a big enough position yet in impact (1k5) and vangold (1k).

>>24758737
ngl if I can find the time to make artisan black powder rifles I'll totally do it

>>24758788
It means meet people, go to community events, Church, farmers markets, etc. Interact with people, organize events. People today don't know the people next door, that's a problem.

>>24757026
Nice masonic hand signal she's doing

>>24758919
Same as first ''vacced'' granny, they are really just shoving it in our faces

>>24758428
If you can't find a good LCS in your area (most are really helpful and all around great people), you always have the online options like Monument Metals and JM Bullion. Start with stacking for weight and get the cheapest you can find (wish I'd have started 50/50 split with 90% coins and .999 pure silver).

>>24758881
You'd have a way easier time if you don't try to go with only period accurate hand tools, because then you can get shit like tungsten made. In the video they keep breaking tools and have to make every single screw and pin by hand.

>>24759186
I intend to use modern tools; copying the old methods is great and all but there's only so much value in artificially limiting yourself

Newfren miner researching anon here with a question about miner companies that isn't directly about mining: Are we at the tail end of mergers and acquisitions now that the bull market is picking up? Reading https://www.mining-journal.com/m-amp-a/news/1390544/gold-m-heating-up seems to give me that impression.

Are the larger miners, like Barrick, really that comparable to ETFs in terms of risk/reward? There seems to have been a fair amount of big boys scooping up smaller miners in the last few years.

>>24758919
I think people are awkward and dont know what to do with their hands in a photo.

>>24758428
I'm closer to southcoast Mass, I could tell you some good coin shops over here, but if you do have to go the online route try and avoid small purchases, those will rape you on fees and shipping. I only use online stores (MonumentMetals) for metals if I plan on buying a decent amount, enough to mitigate the shipping and tax costs. Also, when looking for silver, go for liquidity above all else. When you need to sell you won't want to have to wait around for a buyer or haggle with people, American Silver Eagles and 90% 1964 and older silver coins are the easiest to sell for us and so that is what you should mostly be stacking, personally I only have eagles right now and while I really like Junk silver, I just find that buyers are too willing to lowball on it

>>24759242
I'd say it's heating up but only just starting. Reserves are dwindling from the majors and at higher gold prices, they have the money to buy up land banks and developers. Covid really put a dampener on 2020's m&a but they'll accelerate for these next years. When gold enters the euphoria phase m&a will peak as well. We aren't finding that much gold anymore.

>>24760969
QRD on what this means for stock prices of large miners?

>>24761059
New gold gets rarer, value goes up, miners with reserves go up

gold truly is the noblest metal

>>24748066
>Gold performed well during the depression because the US GOVERNMENT BOUGHT IT ALL
WRONG. Prior to FDR's executive order, gold was money in the US. Gold only "performed" when the USD was devalued against gold, which happened *after* FDR confiscated Americans' gold to prevent an arbitrage situation. However, even before the confiscation and devaluation of the USD, from 1929 to 1933, gold (equal to USD money) performed magnificently because the US and the world were in the throes of a debt deflation. When you have a debt deflation, cash (money) performs well as debtors have a very high demand for cash to pay the principal and interest on their debts.

Using that idea, if the US were to enter a debt deflation right now where stocks crash and every leveraged player is suddenly discovered to be swimming naked, the USD would perform very, very well so long as the Federal Reserve did not create money out of thin air or buy crappy assets that it is barred by law from buying. At the start of the Great Depression, the US government and Federal Reserve had limitations on the amount of money they could create because it had to be backed by gold.

>>24761395
I feel like governments don't ever want to experience a deflationary period again
That being said, we're likely looking at a crash soon since a number of bubble flags are showing up, including IPO returns which are the highest they've been since 1999/2000

>>24761128
I'm still not quite sure how we should be treating the big boys when they gobble up the smaller fellas. Does that reduce the risk of stock ownership, pushing it more towards ETF levels of lower risk? I suppose it depends on who buys what, but generally I'd assume a big boy flush with cash would make a good decision in acquisition targets.

Is that a dangerous assumption to hold? Does a big miner buy smaller miners more for future potential or for immediate quarterly gain?


I ask all this because I want to buy a shitload of GOLD and feel comfy.

30-something year old Lizzy is best Lizzy

>>24762008
it wont just be the biggest companies gobbling up juniors. Mid level companies will likely start buying out their neighbors or many juniors will amalgamate to create more attractive land packages. Currently there are hundreds of these small companies often situated right next to each other, each with fairly substantial land packages. If they merge or buy each other out, than it consolidates these land packages to be more interesting to the top 10 type major companies and investment groups.

Bunker hill anon I shat on you for a while but now may be time to start prepping.

>>24762352
Why?

>>24762352
new info out from Bunker Hill?

>>24762119
loli queen far superior

>>24762546
Reverse

>>24762352
I sold BHLL on Friday on that 40% pop,

I don't have much short term faith in it honestly.

>>24762546
Sovereigns are cool, but 2 Rand South Africa and sowjet czerwonetz is superior

>>24762546
Queen Cunny

>Sam Hyde hints that he stacks
>Sam Hyde hints that he stacks
>Sam Hyde hints that he stacks
https://www.youtube.com/watch?v=7K6eeWB-GsY

@3:30

>>24756351
If people knew history beyond 12 years a slave and 12 years in Germany they would at least stop taking our clown world seriously, retarded goys that they all are.

>>24762546
Cool set

>>24750478
You are utterly wrong on this. You want data? Look up Roy Jastram's book The Golden Constant for *hundreds* of years of historical data about the purchasing power of gold. It is surprisingly constant. There are periods when its purchasing power rises (panics) and falls (Spanish gold influx from New World) but over a long period of time, gold's purchasing power was very stable. Even taking the short-term variations in purchasing power, it is nothing like what you claim where it loses 90% of its purchasing power. Here's a hint: colonial Americans were not subsisting on $40/year.

>>24762923
>Sam Al Hyadi notorious anti-semite stacks PMs
>He does a video where he takes out a personal loan and spends it all on kilo bars of silver
>He puts 5 kilos in a burlap sack and starts busting the windows out of all the bank employees cars
>I'm stealing from you.
>I'm stealing from you.
>I'm stealing from you.
>I'm stealing from you.

He can't keep getting away with it.

>>24748597
Are you drunk?

>>24752883
Is this an example of liesengang banding? liesengang occurs in sed structures.

>>24762546
>loli queen
She's actually in her mid 20s in that first effigy. I used to think she was a child too lol

>>24763497
no this is just normal repeated bedding, a Liesegang band is usually circular bands repeating from a central site, and i am not even sure how they occur, cant remember that far back in sedimentology. Pic related is what your talking about.

>>24746294
>>24746660
>>24747830
>>24749138

is food a store of value? a bucket of grain that lasts for 25 years

>>24763694
Nice argument you have there, kid.

>>24763694
if my english would be better i'd argue the shit out of every crypto faggot but unfortunately i was a lousy student and need to google together my posts entirely.

>>24763734
Yes, food that lasts indefinitely is. Like honey, onions sauce, maple syrup, non iodized salt, dried legumes. Etc

>>24762923
>that set
>that lighting
guy's ahead of his time in every detail
obmetal: 9:16 recommends silver

Yesterday's purchase, $147.
how did I do frens?

>>24763745
cope. should've brought in march

>>24764157
Sam Hyde has been consistently ahead of his time from the start

>>24750880
>that'll teach'em

>>24762546
>loli queen
Clearly you haven't seen Wilhelmina.

>>24750880
are you absolutely sure you wanna go down that road anon?

>>24763694
He posted that before the 2018 pop.

I've posted here a few times times about gemstones, is this place to do it? I know it's not exactly metal related, but I feel like here would be the best to get information about it

>>24765425
not really, there might be some anons who know about them but they are largely a ((scam)) with high premium and little resale unless you have something like tanzanite

>>24765515
I mostly don't collect them for resale/investment it's more of they look neat kind of deal, I have a few already but I'm 95% sure their fake.

>>24764190
Little poured bars are a great choice.

>>24765425
any particular gem your wanting info on? I am getting my dad an Ammolite gem fossil for his desk this christmas.

>>24765661
I did get this emerald in triangular cut style, the problem is it's clear as glass, it's failed all the "fake" emerald test yet it's clarity is throwing me off.

>Does not glow red under UV
>Has air bubbles when view through a microscope
>No "fire" reflection
>Scratches glass

I can send pics through the microscope if it helps.

>>24765758
it could be a man made stone thats been cut, post a few shots and i ll have a look. Are there any inclusions or fractures visible inside the stone?

What miners are a buy according to PMG?

>>24765878
nothing inside the stone but a lot of scratches and chips under +40x magnification. Going through pics to upload.

>>24766004
many good ones here

>>24765878
>>24766096

>>24766113

>>24745976
OH FUGGG

OH FUGGINGDUGGGFDUSJFBWUEE

PEEEEMGEEE WHO THE FUCK KNEW I LOVE ANNA AND FE??? IS IT YOU POCHIPPYO ANON????

all credit to based Pan Man

>>24766124

>>24745976
>tranny findomme is third link in the op
Ever mind I regret coming back

>>24766153

>>24766104
Thanks fren. Recommendation to buy GDXJ or is that a waste?

>>24766166

>>24747962
>Gold has not only successfully retained its purchasing power over the long term, but enhanced it.
oh honey, you're comparing gold to something that increased its emission by >20% this year.
if you want to be truly black-pilled on gold/silver - look up THE OLDEST POSSIBLE HISTORICAL BARTERS for bread or similar. you might be surprised at what you find.

>>24766096
>>24766113
>>24766124
>>24766153
>>24766166
>>24766197
hmmm now thats rather odd, any chance you could post a shot with the stone lit up so i can get a better look inside? I am not a gem expert but something really seems off about this.
>>24766151
>>24766104
fyi i will be doing a spring list as well but thats a long ways off.

>>24766273
>In 562 B.C., during the reign of the Babylonian king Nebuchadnezzar, an ounce of gold purchased 350 loaves of bread.
>In 2010 gold is $1360 per ounce and bread cost $3.50 or 388 loafs per ounce of gold

Uh
Is there a blackpill here?
Seems like it does exactly what it should

>>24760969
When mania phrase, fren?

>>24766273
what you are not taking into consideration is the enormous technological growth we have seen since the dawn of recorded history, and the change in our social hierarchy.

It only makes sense that gold and silver(and all commodities) were more scarce prior to technological innovations that we enjoy today, therefore, their purchasing power relative to other goods and services was higher.

think of the enormous human energy that was required to mine, process and mint gold and silver currency say, 2000 years ago. it should come as no surprise that its purchasing power was higher.

having said all this, i can find very little evidence that the purchasing power of gold and silver HAS decreased since recorded history. perhaps you would like to share your sources with us?

It is irrelevant regardless. the current reality is that precious metals will not be decreasing in purchasing power on a long term basis from here on out. if you have evidence to the contrary, we are all waiting

>>24766300

>>24766300
that's what I'm thinking, if this is a fake this a damn good one.

>>24766681
my thoughts turn to lab created, it might be worth assessing at a jeweler

>>24766185
tough to say, a lot of people hold GDX and GDXJ, personally I'd rather just buy individual miners I've researched through financials, youtube CEO interviews and other DD

>>24750880
>ID: cuck

>>24766663
Nice pic, I'm not sure that's legit. Maybe get it checked by a JEWeller. They'll know for sure.

No reason pics because I was playing with my junk again.

>>24766185
ETFs are for those who don't want to spend a lot of time learning about the industry. If you do however want to learn, see the pastebin at the bottom of the OP

>>24766681
I am sending these shots over to a buddy who might be able to help, but yes i am thinking a lab created stone, the inclusions dont look right, the bubbles look odd. and specifically there are no micro fractures inside the stone. Almost every natural emerald has these and your stone does not, but i would have a Jeweler / gemologist have a look at it to be sure.

>>24767442
its worth mentioning that I picked this stone up for $12 which i believe is the lab price for an emerald this size (3.15 ct)

>>24767694
yea... that sounds about right

>>24745976
Who’s baking?

SILBER

>>24767784
I ll do it this time