/biz/ - Business & Finance

Can we please at the very least attempt to keep thread pm related?

The charges officer?

Tomorrow looks like a good day to get out and get away from all this bs. Hopefully I get some gold for you guys to see.

>>25619714
Well, this is basically why we stack- for times like this, honestly part of stacking is end of the world roleplay. Well, here it is anon, hope you're ready...

>>25619714
I respect this comment, and you’re absolutely right, but this seems to be a pretty significant day in recent history, so some discussion may have been unavoidable.

Been wanting to post here for a while for some important advice: I own no metals, no stocks, only crypto and for a while now been wanting a hedge.

Don't want to get into stocks (crypto is enough of a headache), so i'm thinking gold, BUT I don't want to actually carry it, for various reasons, one of them being that I am living abroad and I move around, etc. SO then this brings us to PAXG (Pax Gold) which I recently discovered and have been doing research on, they seem quite legit, have astable coin that is approved by SEC, etc and most importantly according to them the PAX token can redeemed for actual gold from London at any time.

So basic question is what do you guys think of PAXG as an investment if I want gold but don't want it physically? And what do you think in general of going in on gold as a hedge on crypto crashes to come?

>>25619861
I stack Bc I like shiny things
>>25619878
You’re right, but I’m still choosing to be upset about it. Post stacks

>>25619852
Damn, that's a nice piece. Outdoors work must be great in such circumstances. Do you need a permit to go looking for minerals in Canada?

>>25620031
I have my own mineral and placer claims, but i am not sure if I can actually access any of them. Weathers been too hot to properly snowmobile anywhere without sinking.

>>25619946
>approved by SEC
>London
Que?
First off, I think you’re better off going into silver, but if you’re dead set on gold no point in stopping you. Second, I don’t like “digital” versions of commodities. If you can’t hold it, you don’t own it. That’s like, the entire point of stacking.
My suggestion, buy physical and have it put in either a vault, safety deposit box, with a family member who has a good safe, etc. for you.

>>25619946

I don't know anything about Pax Gold, but I can vouch for any of the following: Kinesis, GoldMoney, BullionVault, or OneGold and PSLV/PHYS. Which are respectively backed by Andrew Maguire, Peter Schiff, Paul Tustain, and Eric Sprott, all of whom are true sound-money advocates and completely trustworthy. I can confirm that BullionVault is extremely easy to use. You buy and sell instantly, with a mouse-click, for a 0.50% commission. Money goes in almost instantly, and comes out within a day.

The chief thing which you need to confirm when using a platform for storing gold is that the metal is either allocated or segregated. The reason why GLD and SLV are a scam is because they are unallocated, which means that you have a claim on the banks which own them, not the metal. The other important thing is for the platform to give daily audits of the vaults.

>>25619627
For once, he actually did play 4D chess

>>25619852
pizza

>>25620158
what is the significance

>>25620099
Damn that's a shame, I hope your claim doesn't expire before you're able to visit it.

>>25620102
there stablecoin is approved by SEC, so technically not related to the gold, but basically its a big time sign of legitamacy:

Here are the advantages of PAXG:

PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product.

PAXG was initially issued in September, 2019 and has seen significant growth in market capitalization and volume as gold prices have fluctuated significantly in 2020. PAXG’s advantages over other gold trading products include abilities such as 1) redemption for physical, allocated gold 2) fractional ownership 3) no holding fees (fees charged upon creation/redemption/transfer) and 4) instant settlement.

These features have helped the market capitalization of PAXG grow to over $50M.

Token
PAXG is an ERC20 token on the Ethereum public blockchain. Because of this, PAXG may be compatible with systems and applications that support ERC20 tokens. Each token can be redeemed at any point for physical gold as long as it meets the minimum redemption amount of 1 t oz (1 PAXG + redemption fees). The PAXG token is centrally minted and burned on Ethereum by Paxos. The token can be divided into units that go out 18 decimal places. Any Ethereum wallet is capable of sending and receiving PAXG tokens and interacting with their smart contract. All token transfer, creation, and redemption history is visible on the Ethereum blockchain.

PAX Gold can be stored in a crypto wallet and custodian like Gemini.

Supply
PAXG is issued by Paxos at the time of purchase. PAXG keeps allocated gold bars available in its supply to allow for minting of new tokens at the purchaser’s request. PAXG tokens are burned upon redemption of the physical gold. The current supply is 31,400 PAXG.

I'm watching PBS News Hour, and apparently it's been confirmed that the woman who was shot during the incidents at the Capitol today has died.

>>25619946
There are a lot of gold backed tokens. The main advantage being to avoid the expense fees associated with ETFs, including those that allow physical redemption of shares for gold (AAAU, for example).

Funny how all these people stormed the Capitol when the real seat of power is just down the road.

>>25620256
>Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos
Same old scam, just new technology.

https://twitter.com/IwriteOK/status/1346947266444226562?s=20 HOLY FUCK THIS IS BASTE

>>25620231
the claims are in good standing for a few years but its just borring as hell being stuck waiting for work. I was suppose to be working day after new years but everything is still on hold.

>>25620353

how so anon?

It unironically makes sense to think about the price of something as a "Mr. Market" schitzo blaring out random numbers at you. Gotta figure out what something is worth and take advantage of him when he's being retarded

>>25620222
The election wasn’t certified today. The constitution specifies that it MUST be certified on January the 6th. Therefore any attempt to certify it tomorrow is unconstitutional. We’re in uncharted waters here, which is exactly what Trump planned

>>25620158
>>25620222
>>25620393
Based

>>25619946
FYI companies that will gold your metals in a private vault at brinks typically will charge around $10 per month for 50k asset value

>>25620376
This scam is going on for thousands of years. You store gold in bank's vault. Bank lends it for interest without your knowledge, holds only small percentage of gold in vault. Suddenly people do bank run just to realize there is not enough gold for everyone. That's why this saying stands true: if you don't hold it, you don't own it.

>>25620484

That's fractional-reserve banking, not the same as using something like Kinesis or BullionVault. Allocated services are 1:1 backed by metal, not 10:1 backed like a 19th-century bank. You can only buy gold and silver which are actually there in the vaults, and the vaults are audited daily. You can even go and visit your bars in person if you get enough ounces to register them.

>>25620484
>>25620561

By the way, I'd just add to this that, in 1933 and 1934, people who held bullion in overseas vaults did not suffer from confiscation, and preserved their wealth. Holding bullion overseas also allows you the mobility to flee your country at any moment. Even Mike Maloney keeps most of his metal in vaults.

>>25620561
> You can even go and visit your bars in person if you get enough ounces to register them
Yes they will show you the gold they have available. Doesn't mean they will have enough gold for everyone if everyone wants to exchange it.
> vaults are audited daily
By who and for what purpose? What if bank policy is that there must be at least 10% of physical gold in vault and audit just confirms it?

What are you anons ?

>>25620672
Don't own any but plan to start stacking. Portfolio is already commodities-dominant and exposed to gold/silver. Thinking 1oz gold and whatever the equivalent is in silver

>>25620672
Fledgling panner reporting in. I could easily be a coinvivor right now, but need a fat stack of cash for a house down payment right now

>>25620621
Or you can hide your gold and have it close to you, not thousands of miles away without guarantee it's actually there.

>>25620484
lol. just like how I don't hold pieces of paper certifying my share ownership in a company I'm invested in too, right?

Have you made your bed PMG?

>>25620335
No one knows that building from any other one in Washington (at a glance). The Capitol on the other hand is a universally recognized landmark, and having SHTF in it's midst is iconic and historic (not to say I support the violence).

But yea, the fed controls the money, and therefore the government of course.

>>25620811
I need a second passport so badly, but it's not easy to have a legit one without many money

>>25620672
Fledgling panner here, stacking 2021 coins right now. I'll post canadian leaf once it arrives.

>>25620409
>>25620393
>>25620222
>>25620158
Adding to this, the only states certified today were Alabama and Alaska (they go in alphabetical order), both states in which Trump won. Donald Trump was certified the winner of the 2020 election today

>>25620672
pirate. Ahoy mateys!!!

>>25620793
if you have more than 20k worth of metal i would not keep in in your house

>>25620666

>Yes they will show you the gold they have available. Doesn't mean they will have enough gold for everyone if everyone wants to exchange it.

The way these allocated platforms work is, you literally cannot buy an ounce unless it physically exists in the vault. It is legally impossible for that to happen. And every single bar which backs the ounces is accounted for in the daily audit. It's the reason why it is much more expensive on BullionVault to buy gold or silver in Singapore than in Switzerland, because most of the metal in the Singaporean vaults is already taken. Supply and demand. You can see it yourself on the bidding board right now.

These platforms are not controlled by banks. They are simply interfaces which give access to private vaults. Allocation is completely different from fractional reserve banking. The modern parallels to fractional reserve banking are GLD, SLV, and the COMEX.

>>25620793

I know that the following people keep the majority or all of their bullion in private vaults:

Eric Sprott
Mike Maloney
Neil McCoy Ward
Peter Schiff
Paul Tustain
Alasdair Macleod
Andrew Maguire

>>25620666

>>Yes they will show you the gold they have available.

By the way, it isn't that you will simply see the gold that is available when you go to these vaults. If you register a bar, you can go to the vault and see that exact same bar for yourself, with the brand and serial number.

>>25620921
Big if true

>>25621081
Hmm I see, maybe made wrong assumption then. Still I see no advantage to this. I'd rather have the stash close to me.

>>25620158
they are resuming

Is anyone else surprised that the markets didn’t crash to wrap up the trading day? Because the breach of the Capitol building fences and the ensuing chaos happened during trading hours in the US.

Soon a pirate anons, we're all gonna make it

>>25621131

As Rdjgp1zC says >>25620944 it gets really dangerous to keep metal in your home when you own a certain amount of it, like hundreds of thousands of dollars' worth. The fact that you can store metal in a vault is actually one thing which makes metal superior to crypto, because, if you walk around with your crypto-keys in your mind, then anybody with a drill can grab you and get your life-savings out of you in five minutes. But gold in a private Swiss vault is never going anywhere.

With the US capital being stormed by a mob like in a third world country, China became the world's only superpower today

>>25621174
It's political theatre

>>25621239
Having your metal in your own private overseas vault is fine, the danger lies in having it in someone else's vault.

>>25621239
I don't think like my stash is at danger, but maybe I'm too naive? I don't know how prevalent are robberies like that. Although I live in one of the safest countries in the world.

>>25621174
The markets became confused and didn't know how to react. The US capital falling to a street mob is something that until now has only been imagined in science fiction. When the markets realize what has happened the markets will go down until the new Democrat stimulus is enacted.

>>25621452

Neil McCoy Ward is highly trustworthy, has told people to buy silver since the beginning of the year, spoken about the Great Reset agenda every week. At timestamp 57:00 in this video he explains why he keeps his silver in a vault, because it's simply too dangerous for him to have it in his home.

https://www.youtube.com/watch?v=yS4jqGFYsog

He also made a video where he explained about allocation and BullionVault.

https://www.youtube.com/watch?v=hYcm8fTfKmI

Granted, I'd never choose to store my metal in the countries which he does (America and the U. K.).

Does 175 ounces of silver and 1/4 ounce of gold count as pirate tier?

>>25621456
I think what's going to happen is we're going to get weak economic data from 4th quarter and there will be a 10% drop but it will recover but the economy will stagnate AFTER the corona vaccine is out and people will start taking profits and it will crab while something else booms like commodities

>>25620672
I've always wondered, do you have to own both to achieve the tier or one of them?

>>25621239
you got secure your castle first, a safe no matter the weight or thickness is just an increase in time. its all about hard targets and soft targets.

>>25621601
It depends, I think 200oz of silver and 0.5 of gold, or 50 of silver and 3 of gold for example, are pirate tier

>>25619852
good luck panman

>>25619861
I stack because saving rates are trash and silver/gold keeps up with inflation

>>25620393
>>25620921

isnt there a clause that says they can just do it tomorrow?

>>25620672
pirate based on 1:100 ratio

>>25621726
they are doing it tonight

So I'm looking around at different charts because I'm researching stuff. Copper, potash, steel, gold, everything I'm looking at has the same saucer pattern. Are we about to take off?

>>25621555
Hmm, he doesn't really say why he keeps it in a vault. Just explains that it can be accessed without issues. If I was him I would keep it in vault too though. He makes videos about PMs so he is obvious target for robbery. But person like me? Not even my closest family knows I have PMs and photos I post here are cleaned of any metadata. I think I'll be ok.
Thanks for explaining though, I had complete misconception about the stuff you were talking about at first. Maybe if I have much bigger stash I'll actually put part of it into vault.

>>25621898

His main reason for doing so is that we can't own guns in the U. K. Second reason, as you say, is that he is a public figure and a wealthy businessman.

If people who invest in mining stocks in these threads really are going to get rich, then storing large quantities of metal in a vault might become a consideration one day, even if their stack isn't excessively large at the moment.

>>25620672
1 oz of gold away from Coinvivor, and I'm sitting on enough cash to get several ounces waiting to DCA. Honestly didn't think I'd make it here this quickly, I didn't start buying large quantities of silver/gold until March of this year.

>>25621777
>>25621726
the states had to have everything certified without any controversies by the 8th december, which was supposed to be some hard deadline and they didn't, because of GA and PA. Then nothing happened. If they don't get it through tonight, I'm sure they'll figure something out. It's not like they abide by the constituion anyway. But I doubt it that it will take all that long, they have 5 hours to complete the process. The only delay that might occur is due to pence being evacuated and having to come back. That could take a while but then again not 5 hours.

>>25620621
>people who held bullion in overseas vaults did not suffer from confiscation

C'mon, how many people back then who had it in their possesion do you think actually were stupid enough to hand over their gold?

No digital records back then, no proof of anything to lead authority's to you or your secret stash, im betting not even 25% handed it over.

>>25621555
> if you don't hold it you don't own it
This is in the case of a bank run, I would not trust the bank if everyone flocked to it and asked for their money.

>>25620880
>second passport
I see this discussed a lot, what is the logic behind needing more than one passport?

>>25621868
I think you should really think of commodities as 2 groups: PMs and non-PMs.
Gold and Silver have industrial and commercial uses (Silver more industrial, Gold for jewelry) but have a 4000 year history of being used as stores of value. In particular, as hedges against the policies of central financial institutions. A lot of gold and silver is bought to "lock in" purchasing power from money printing, or wars, or whatever. They are purchased during downturns because of money printing schemes meant to "reverse" such business cycles.
Non-PMs include a lot of industrial metals including Iron, Nickel, Cobalt, Palladium, etc. These are actually tied to the economy at large and thus demand drives price. If the stock market as a whole moves higher on expectations of higher inflation, these commodities MUST move upward since that is where inflation actually "comes from".
Commodities entered one hell of a bear market starting in 2008 since the economy didn't really recover (but equities did). There is potential for a very large commodity rally on the heels of the retarded stock market rally. But understand that there are different (but overlapping) reasons for PM and non-PMs to rally. PM rallies is more harbinging of doom generally.

>>25619852
Question Pan Man. Would that be worth more selling as a nugget rather than melting it down for the metal? I know there is a hardcore community of geologists, crystal, and rock lovers that would probably pay a pretty penny for that. Just curious. I see some beautiful nuggets get posted on here, and it's a always a question that I wanted to ask.

>>25622061

Katusa did a really interesting video on a so-called "bullionaire" called Bernard Baruch. Was one of the unlucky ones who suffered greatly for accumulating domestic bullion before the Great Theft of 1933. Treated very similarly to the Hunt Brothers.

https://www.youtube.com/watch?v=Dzj6YbgAa0Y

>>25622138
Generally nuggets can go for higher if you sold them as is to collectors. Gold nuggets generally are not pure gold.
>not pan-man

>>25622061
>>25622199

Also, an important quotation from the video:

"Millions of Americans were forced to sell their gold at below international market rates. The U. S. government made a serious inquiry into all the gold mines and gold dealers on who sold the gold, and, most importantly, to whom the gold was sold before the executive order."

>>25622100
If your country is in trouble. Civil war for example, or for myself nuclear disaster (in France, there's a lot of old reactors and they're not that safe), I don't want my family to live in a tchernobyl like country

>>25621452
>stash is at dange
OPSEC
if no one knows you have it. they wont come looking to take it from you.
OPSEC, no one must know

>>25622761
Message received
OPSEC protocols compliance confirmed, over

is dolley varden a good pick? Or Is there something better out there? I'm looking for something in the .7-$2 range with some good upside and I've already got impact and aurcana.

>>25622434
Hmm, thanks gonna buy some more $UUUU.

>>25622138
nuggets are sold depending on how they look, often for %15 over spot price, but lately this year they were going for crazy rates like %75 over their spot price. It depends greatly on the nugget and the buyer too, and what it will be made into.

>>25622853

You can never go wrong with DV, but you might prefer BLLG because the stock is so ridiculously cheap right now.

u mad whiteboi?

>Only one coin is scheduled to be released in 2021 as part of the original America the Beautiful Silver Bullion Coin Program and it will honor the Tuskegee Airmen National Historic Site in Alabama. The 2021 Tuskegee Airmen America the Beautiful Silver Bullion Coin also has the distinction of being the last of fifty-six coins originally authorized as part of the series.

>>25622861
Dolly Varden is still a good pick, check out companies like Goliath Resources and Scottie Gold as well. There all in the same region.

>>25623098
Did the women's rights coin ever sell out?

>>25622853

By the way, it's best to think of mining stocks in terms of market caps, not in $ terms. The $ number, which depends on the number of shares, is pretty arbitrary, and can be misleading. ELO is $2 and has a $95 million market cap, but AUN is $1 and has a $264 million market cap.

>>25623098
>niggercoins
these might have been ok as a historic commemorative but since its coming out in the middles of all this two face socialist lies racist virtue signalling, fuck this

>>25623098
This is why I only want sovereign mint coins

we all know that government took gold back im 1933 and it's only matter of time before they do so again.. But will they also ask for silver products too?

>>25623504
They don't need to take gold back this time, we aren't on a gold standard and nobody owns gold anymore. All they need to do to "confiscate" your wealth is just revalue the dollar relative to gold in order to revalue their debt obligations.

>>25623504
>But will they also ask for silver products too?
They already did
https://en.m.wikipedia.org/wiki/Executive_Order_6814

>>25623504
kek more likely that they demand your wallet keys than your gold

Idolatry

>>25623504
That gold confiscation won't work again because they no longer know where any of it is and its owned by a small % of the population.
Nuking retail crypto from orbit is more likely.

>>25623671
they already have control of crypto

>>25623560
so then cheap gold if they do this?

>>25623879
I thought the percentage of gold/silver buyers was increasing?

>>25624193
The average person doesn't have any gold. 100% increase of like 0.1% of the population is just 0.2%
It was orders of magnitude higher decades ago.

>>25624193
Think about it logically, out of all the random people you meet, how many do you think own any gold or silver? Did you own any G&S before taking the /pmg/pill?

>>25624472
I did actually, I started stacking back in Nov'19 as a way for a savings account since current rates are absolute garbage. Eventually I found PMG a few months later.

>>25624472
Unironically my dad has a 100oz silver bar that was minted in the 60s or something that his uncle gave to him as a marriage gift

>>25621228
based and pirate pilled

>>25624548
That's what I mean though, you went your entire life without PMs until a year ago because you had working knowledge of savings mechanisms and interest rates. 95% of people are NPCs that don't even think about this at all.

>>25624565
I think there may be a selection bias where a lot of people are in here in the first place because they were raised in a household that values PMs, I literally don't know anyone that owns physical metals besides maybe a neat coin here or there.

>>25620672
is 1:100 a valid conversion? I feel like 1:60 is a more fair ratio.

>>25623098
>u mad whiteboi?
Hilarious. With that kind of stupid comment going around, practically everyone sick to death of the whining of black people, who largely have to blame themselves first for their continuing plight, will refuse to buy this coin. The US Mint can't lose too much money on these kinds of things so it's going to have to raise the price. The only buyers, if there are any, will be black people who might end up paying $100/oz or so. Maybe they'll complain again after getting bilked in the latest race hustle. If the US Mint wants to prevent that possibility, they'll se the coins at roughly spot and most likely lose money on this coin. That might result in high sales as most people will buy to melt these coins down.

>>25624653
true, I've talked to a few friends about it before yet they still won't stack even a small amount. They would still rather put it into savings/CDs

damn it, I should have bought buttcoins

these shiny coins are only going down

>>25624565
your Dad married your Uncle?
that's a little weird anon,..

>>25624928
I dig it, hell I'd marry pan-man if he was my uncle.

>>25624866
It's just another bitcoin bubble as usual, just wait until it crashes again and all the normies lose faith in it again. Gold is the runner-up.

>>25624770
Most people either just think it's a retro, stuffy hobby for smelly old literal boomers, or if they even know anything about PMs, are either terrified by the burglary meme or just think PMs are a terrible investment. Just look at how fervently crypto types despise precious metals.

Even most of those who invest in PMs are just into derivatives like SLV, only a small minority are into mining because mining is considered mostly unprofitable and volatile as well.

I can actually understand the reluctance to stack physical. It IS true that the risk of having your shit stolen is an absolutely potentially catastrophic one, no matter how unlikely. It's sort of like flying an airplane vs. driving: sure the former is actually safer, logically and according to the numbers, but IRL far more people are afraid of flying than being in a car. Because IF something goes catastrophically wrong on a plane, you are 100% fucked.

Owning PMs is kinda like that: yeah it's irrational to be excessively worried about the catastrophic possibility of getting robbed, but I'd bet the vast majority of heavy stackers here compulsively check their stacks once or even several times a day in a way that they wouldn't check a paper asset. If FEELS more vulnerable, even if it's not.

>>25625034
almost all but one also resent cyrpto but one. To their defense on paper silver, it seems like a sham to me as well unless you're playing for volatility or holding short term.

How do I get 4chanX to stop showing posts like this? It just started doing this yesterday and I can't figure out how to get it to stop

>>25623098
Buying it anyway because no matter what 'woke' undertones you may think there are or anything surrounding it, it will raise in value, and it will have a premium.

>>25623504
My prediction is they'll ban transacting in any medium besides fiat/CBDC. You can own your Gold, your silver, your crypto and whatever else, but if you try to sell it or buy stuff with it the Secret Service will get you.

yo guys im seriously considering selling my entire physical stack to chase bitcoin

>>25625203
check your 4chan settings?

>>25623098
is it silver? yes? I'll take it

>>25625345
I did. Sorry for posting unrelated but I've spent a while now can't figure it out. Im tarded

>>25625327
try to talk me out of it

it makes sense were in a hyper everything bubble, bitcoin isnt a joke like it used to be

>>25625398
join the normies and fine out the end result

>>25625327
>>25625398
if you're selling your stack I want some

>>25625426
yes youre right but this is just the start its only 678 billion in mkt cap

>>25625387
I just consulted my 56 braincells and I couldnt find a setting for it either in chanX.

Some1 smart help this man

>>25625203
disable threading

>>25625398
>bitcoin isnt a joke like it used to be

i think the biggest scam stock tesla will add btc and it will become ponzi squared- the single greatest scheme of all time

>>25625521
>i think the biggest scam stock tesla will add btc and it will become ponzi squared- the single greatest scheme of all time

what this overvalued market is missing is humongous scams! the scams are small i think they can get much much bigger

>>25620672
Dragone reporting for duty

Want to resmelt all this down into large ingots but cba too lazy. Anyone got experience with using graphite moulds instead of cast iron ones? I figure they produce a much smoother surface finish.

>>25625466
>>25625387
>>25625345
>>25625203
What the fuck is 4chanX?

>>25625561
im selling my stack not bc i think bitcoin is good but bc i think its gonna be the biggest scam ever, its too small at this point i will resell for physical after - i could get massively fucked by this but i believe more and more gold and silver bugs will realize this and do the same as i am

>>25625398
BTC is a speculative asset. Treat it as such. It's competition is not gold but stocks.
So do a BTC/gold split if you have so much FOMO. The old boomer split was 90/10 stocks/bonds. So you could do 90/10 BTC/Gold.

>>25625619
if (((they))) really want to scam us for real the best trick would be manipulating gold bugs en masse to give up their PMs for BTC, youre dumb as hell if you think this is just the start

>>25625619
So what do you have for sale?

>>25625619
I'll take it for 5% below spot

bitcoin is huge scam but if it just the hypebeast crypto bugs that get scammed like 2017 and not US citizens en masse then whats really the point?

>>25625684
>>25625704
i have a pirate stack in coins/rounds

>>25620256
kek, yeah, okay. maybe get lucky and catch a 12% flash up like on 1/4.

>>25625812
I can't buy it all but I can take some off your hands, what specifically do you have?

>>25625911
>getting entrapped by the glownigger
Ngmi

>>25625911
1/2 krugs, ~1/8 kangs, 1/8 maples and assortment of rounds and sovreigns

Any yuropoors itt who use Interactive Brokers? I'm just signing up for that because I'm getting tired of getting fucked in the ass by high commissions. I tried to choose "Warrants" but was not presented with any Canadian or U.S. warrant choices. Is it even possible for us yuros to invest in miner warrants? I was really looking forward to that too...

i dont think i have the balls to go a coinshop and sell below spot but i know if i dont do it tomorrow i will regret the decision in about a wk or 2 when theres no correction in BTC while PMs are stagnant

>>25619627
Is Hecla Mining Company still a good buy idea?

>>25625011
i think the mistake PMs guys make is not that BTC is a scam- it is, its that they dont believe the scam can get much much bigger

>>25626047
you could try ebay, what you have isn't what I'm looking for

>>25619852
how much gold is that?

im up on PMs selling now isnt a bad idea

>>25626165
You have a totally wrong mindset anon, pm's are for wealth preservation

>>25626002
Just post a pic of your stack lol

>>25626120
not much in that single rock, that stuffs a few ounces per tonne though.
>>25626091
I dont see why not, their a stable company.

>>25626187
I don't get why anyone would buy physical to speculate on the rise and fall of precious metals prices. That's what derivatives are for, why would you put yourself through the hassle of finding a buyer for your literal coins and bars or whatever like a 19th century peddler?

>>25626228
>I don't get why anyone would buy physical to speculate on the rise and fall of precious metals prices
you don't, you buy physical to safeguard yourself from an economic tail risk

I bought some SSE simply because anon was talking about it ITT did I fuck up

>>25626321
Yes -- you didn't do your own due diligence and you're now doubting yourself. Therefore you did fuck up because you didn't make an educated investment decision.

>>25626228
>>25626254
It's also meant for really long term holds

Looks like it's slowly going down AH. Think it will retest 1900 again?

>>25626321
Why're you scared? what price did you buy at?

>>25626348
no I did DD on it I'm wondering if any anons are holding it

>>25626392
You said you only bought because you read somebody discussing it though? If you did your DD properly you wouldn't be worried anyways.

>>25626254
why not hold for a year anon, there's very little risk to the downside

>>25626530
I'm planning to hold my silver for the rest of my life if need be

>>25626390
6 cents
>>25626390
Only about $100 - I put that into speculative bets all the time. These guys are acquiring a bunch of silver properties and I wanted some silver exposure. Have a few that are interesting - have a property named silver forest by the locals that's unexplored.

>>25626567
Oh my bad, I thought you were the anon who wanted to sell

>>25626611

>>25620672
Absolute royal SilverChad reporting

Those scrap ounces add up.

>>25626609
lol i've got 1k @ .045 usd. I think we'll be fine

>>25626640
oooooo.... Scrap anon!


Congrats on the tier fren.

>>25626640
how does scraping silver work exactly?

>>25626103
It can, but before that happens it will probably crash again within a similar timeframe as last time. When that happens a lot of crypto fanatics I'm sure will see the value in a less volatile inflation hedge like PMs

>>25626567

>>25624949
LOL anyone have the unedited version of this pic ? It's hilarious

Gold fucking sucks.

Graven images.

>>25626820
Thanks fren!

>>25626928
I go around IRL sales/shops and trawl through eBay looking for cheap undervalued or utterly unrecognized and thus sinfully cheap Sterling Silver and continental Silver alloy items. Keep the good quality stuff and send the junk to my refinery in Colorado for processing and pouring into based old-school bars.

Here's their link: https://prospectorsgoldandgems.com/silver-refining/

>>25627512
Why don't they sell these 1 kilos on their website?

Silver maples, Is it possible to get mint sealed tubes of them? Or is only the monster box they come in actually sealed?

>>25627541
probably supply issues, they probably dont constantly have the kind of scrap stockpiled to make that consistently. The old juneau alaska refinery had the same issues.

>>25627655
As far as I know only the boxes are sealed

o shoot forgot about this nice little bit of core from the Day Zone at Ascot Resources. Love little tastes like this.

>>25628202
nice vg

>>25620158

Welp the vote has resumed. So much for all that happened today. Heres to 2021!

>>25627541
Probably like Pan Man said, supply issues coupled with lower demand in the American market. Their 1 and 10 ounce bars seem most popular, these kilos are basically only customer commissioned and thus pretty rare. People actually collect their bullion so I could probably get a decent collector premium over spot for them which is a nice bonus.

I recommend their 1oz bars for anyone looking to dabble in scrap, they are absolutely awesome in-hand, don't really get harmed by jingling around, and feel like Spanish hammered Cob pirate treasure. People worry about milk spots and shit on tubes of BU rounds they can't even enjoy fondling but these are meant to be handled.

>>25628354
Those hand poured bars looks comfy.

>>25619627
Fuck the janitors

>>25628458
>comfy

Ask Pan Man to post his Comstock Drainage and Tunnel Co bar, THAT'S a comfy chunk of Silver!

>>25628354
Out of curiosity, what shipping services do they use? I'm currently having issues with USPS not delivering to where I live due to tornado damage from last year, so getting anything other than regular letters is a major hassle right now.

>>25628534
one sec let me find the photo again i ve been cleaning up my drives.

>>25628630
How thiCCC of a bar. You were holding out PANMAN.

>>25628672
I need to take some more shots of this one when i get back home from Wells BGM camp but heres a few other comfy bar shots I ve saved over the years.
I ve got a similar ingot to this pic related taking its sweet time getting here in the mail right now.

>>25628726
Pan man, how lewd. Those waves of those bars are very comfy.

>>25620880
Sneed, passport-let, the chad duel citizen has arrived

>>25628605
I drop off/pick up in person but I'm pretty sure they use FedEx, maybe UPS.

>>25628630
Damn what a fine piece, I coomed again NGL

>>25628726
Homestake? Sounds familiar but I can't place it

>>25628354
I need one of those kilos immediately, where can I acquire it

>>25628873
read >>25627512

>>25627512
I've been around the country twice over the last year on road trips with my gf and we've hit up at least one goodwill in every area we stay at, browsing for silver, or picking up a warm hat if winter is getting too cold, that kind of thing. Haven't found a single piece of sterling, and I know what I'm looking for. Not sure goodwill or the salvation army is the way to go, I've been to like 20 different ones and there's only ever some silver plate. Estate sales might be a better option? I dunno, man.

>>25624681
Not a conversion, you should have that amount of both in your stack. Stack ratios should be 1:100 anon

>>25628847
Homestake Mines became Barrick Gold after a few mergers in the 80s I think, pic related was their main mine at Lead in the Black Hills.

>>25628899
My apologizes for my blindness
Also checked

>>25628924
Oh yeah of course

>>25628783
this shots one of my favorites from the internet, some day I ll own some SS Central America bullion.

>>25619627
PAN MAN which mining stocks are you personally invested in?

>>25628988
I have an ever evolving list, but I am not a stock trader really, I am a prospector. I ve posted my list of companies I am involved in before and I a little busy at the moment to bring up my list through TD on my phone, but I am currently planning on adding more into Surge Copper and Scottie Gold as soon as I possibly can. I am also planning to get in on Goliath Resources in the coming days, I just have to wait for money to clear into my account.
I might put some into Blue Lagoon as well, but I think I already have them from ages ago.

>>25621311
The stock market is 62% political theater and 38% financial theater.

how much do you guys think PMs will pump once congress declares Biden the next president or will it dump

>>25629227
already priced in. anyone that thinks otherwise is a retard.

>>25629265
Big players are already have it priced in, but remember. Passive flow and robinhooders can mess this up.

>>25629162
What is the correct American ticker for Goliath? Is it the 50 cent stock or the two cent one?

>>25621131
You only need to keep enough so that if hyperinflation ever does happen, you have enough coins to escape whatever shithole you're escaping.

>>25629162
Ah ok, thanks for the reply. I wanted to see what you’re personally invested in since you have the most knowledge of anyone here regarding mining

>>25629294
What is not priced in is how the US treasury bond can decouple from Gold tomorrow

>>25629392
this should have what your looking for. https://goliathresourcesltd.com/stock-information/

What is currently not priced in is the possibility that the 10-year treasury and Gold can decouple when the US can no longer meet its obligations.

>>25629481
Thanks brother. Rough times ahead. Hope we're all safe.

Silver was resistant to inflation. Jeremiah paid 17 shekels for a field (Jeremiah 32:9), and Zechariah 11 records the prophet throwing 30 silver pieces to the Potter in the Temple; nearly six hundred years later, Judas's 30 silver pieces bought the Potter's field (Matthew 27:9-10).

>>25629558
how much silver is 17 shekels?

>>25628903
>Estate sales might be a better option?

Some goodwills screen out their sterling now to sell online, but I've had good luck in Colorado even when I wasn't nearly as motivated. And I found a big .800 silver platter with 926 grams of pure for $4 at my goodwill here over the summer which was a heckin' valid score. Antique malls, flea markets, yard sales, and of course estate sales/auctions are great but you want to show up early to those estate sales because the pros usually clean up pretty quick. Many people overlook weighted stuff like candlestick holders but I ain't afraid to hoover up and break that shit down. If you bring a pocket scale with you while out hunting that can help when you're not sure if something is a decent deal.

A few days ago I went to an indoor flea market/antique mall I hadn't visited in a while and scored about 155 grams worth of sterling for $26, the handles (usually used on dinner knives) of the salad servers weren't marked but I recognized them as the Towle Old Master design where the blades were stamped "Sterling Handle - Stainless Blade" without marks ever on the handles themselves. Good to be able to recognize stuff like that. I also stack Pewter which you've probably seen tons of and which makes silverless hunts not total wastes of time, its melting temp is even lower than lead and you can sell bars on ebay for $11-12/lb but I'm waiting for the Tin moonshot Rick Rule was talking about before selling any.

Don't be discouraged fren, the silver is definitely out there!

Aurcana just diluted us, the faggots

>>25629866
was this priced in today or did this just come out?

>>25629899
Damn. How much is the dilution? I'm nots sure how to interpret this

Silver is not rare. They are going to create a silver bubble and I’m going to dump my 1500 ounces and buy 1 BTC.

>>25629965
You can do that already though.

>>25629866
Unironically good decision imho. Might help in paying off their awful financing faster, meaning less dilution in the long term, as well as ability to focus on resource expansion faster due to more working capital

>>25629899
not positive, but I think it released after market's close

>>25629866
But, they took the loan. They secured the necessary funding needed. Why? WHYYYYYYYYYYY?????????

>>25629965
I can't wait for silver to go up so I can convert my holdings to gold, btc and rare coins

>>25629866
>>25629899
>>25629988
>>25629544
>>25629466
>>25628988
>>25628899
>>25628844
>>25628500
>>25627655
>>25627455
>>25626611
>>25625911
>>25625666
>>25625466
Blessed thread

>>25630032
>>25629991
I'm unironically in AUNFF for the long run. If this'll help them then lets do it. I'm up 20% so it can't hurt that much anon, can it?

does anyone know where I can get a precious metals loan over 180 days long?

everything I found is 180 days. What is the point of that?

>>25629706
>how much silver is 17 shekels?

Depends on the Shekels. Babylonian, Phoenician, or Underweight Jew Shekels? That passage probably refers to the ~~14-15 gram shekel, so maybe ~246 grams of basically pure Silver.

>>25629866
dam it why would they do that? Did the management think they needed more money for the RV Mine restart?

>>25630082
>so it can't hurt that much anon, can it?
Don't look at your portfolio for a while.
Jesus, I almost bought that 8 cent dip earlier today. I'm guessing it's going to hit the 70's tomorrow.

>>25629227
>>25629265
>>25629294
I was surprised how stupidly loyal Trump supporters are that they will literally storm the capitol building and die for him because he told them to. Even my dad thinks the election is a fraud and keeps thinking something is going to happen that will make him president.

It's clearly bullshit and Trump himself has said he is just shitting on the floor and giving them a mess to clean up for trying to undermine him at every opportunity. BUT boomers still believe it. So I suspect that even though it's retarded, when Biden gets into office there will be a bunch of Boomers doomposting and liquidating their fortunes and buying gold and guns and stuff

>>25630202
Wish I knew, hopefully the CEO will talk about it and explain it if he does another interview anytime soon. I agree with Don though, not selling, up 50%

>>25619946
Burry the gold in your parents backyard like a pirate

>>25629965
I thought you already cashed out for BTC? Why are you in PMG when you clearly want to be jerking off your faggy moonboi friends in the million crypto threads on the rest of /biz/?

>Silver is not rare

Cryptos not only aren't rare, they're useless imaginary vaporware. NGMI.

>>25630257
There was at least 1 bus load of antifa that showed up masquerading as Trump supporters

>>25630326
o I ll hold my little position with them for ages. I like the mine a lot, and the region seems to want the project badly too. I want to see them operating asap.

>>25629965
>Silver
>Not Rare

>>25630489
totally agree, long term there's really interesting exploration for them, and if silver goes crazy they could even open up their Shafter mine in Texas

>>25630736
I can see that trend on google earth, all those little mines all in a perfect line with RV and Camp Bird right in the middle. Would love to prospect that region on foot, i am sure theres a few high grade spots forgotten since the 1900s.

>>25630814
Didn't that area produce a strange limestone with fossils replaced by silver? I'd kill to have some metallic silver fossils that would be so sweet.

>>25630980
yes in fact it did, there is a limestone / silt stone structure nearby that experienced galena / tetrahedrite replacement. I ll see if I can find any photos.

>>25619946
If you don’t hold it you don’t own it, friend. That being said, if you have a very large portfolio, holding some of it allocated offshore is a reasonable idea in case of government confiscation.

>>25631021
how much do you think the dilution will affect AUN price tmrw?

>>25631274
no idea off the top of my head, I am not the financial guy to ask about this. If Silver Miner anon pops up he could probably figure it out. I am sure their investors though will not be pleased.

>>25631374
Damn I'm thinking of putting a limit for .87 usd(ask is .8999) on the open and trying to swing but I'm not sure if thats dumb

>>25631422
They have 58.91 million shares available to the public currently.

>>25631653
>>25631422
>>25631374
Sounds like a buy opportunity for me

>>25631653
damn so 1/4 dilution? that is fucked. I should swing my entire stack

>silver in a tight channel at $27 and gold at $1910 for hours
lol

>>25631711
Not only that, they sold the 15 million shares at .79 US cents each. They REALLY fucked us over here.

>>25631925
So under 80 cents is the target price, based management

why would I want to do an On the open order vs just setting a limit?

>>25631970
More like the 60's because of a 25% dilution.

>>25632108
nice fear mongering

I am good with baking the next bread.

>>25630257
its president harris you have to worry about that why everyone is doom posting

>>25632135
Wasn't trying to, I'm just worried since they make up a decent portion of my silver position in my portfolio. Guess we'll find out tomorrow if I'm right or not.

Okay I looked at AUN it's not 1/4 dilution it's 30m on top of 327,029,823 fully diluted

http://www.aurcana.com/investor-hub/stock-info/

So it's a 9.17% dilution at an average of C$1.125 per share which is what it's trading at right now. Half of those are shares at C$1 and half are warrants at C$1.25

Stock is currently trading at C$1.11

>>25629866
>>25631374
>>25631925

Silver anon here. I have been warning about Aurcana constantly in these threads, for months on end. Have got into countless arguments about it with many different people. Usually, the same people who love Aurcana are the ones who also hate Bayhorse, strangely enough. I have pointed out time and time again the horrible record of that company, and advised people to go with Bluestone Resources as a near-term producer instead. I have pointed out that AUN ruined their shareholders before with the Ouray Disaster, cutting the share price by 75%, and that they didn't communicate with their shareholders for years on end.

>>25632135
>>25632278
Nevermind, listen to
>>25632292

>>25632292
It is still a dick move to unleash on investors. The dip will be large probably in case anyone wanted an entry point.

>>25632292
how do you think this'll affect the stock price? Will this get priced in over the rest of the week? or just tmrw?

Aurcana bros...

>>25632420
dam thats frustrating but I get it, their management doesnt seem to have learned since the last time they tried getting the RV Mine going. I am actually more mad at not communicating with investors for years, I hate companies that do that. I am still going to sit on them but thank you for reminding us.

>>25632522
Today was a sell off as a response to the dilution. There might be a further selloff from "voter" investors.

Reminder. Silver is a byproduct of base metal mining. Silver is not valuable.

>>25632420
>>25629866
>>25631374
>>25631925

Forgot to include picture. Before Vangold went up, used to tell people to buy Vangold instead of AUN.

>>25632690
again thanks for the info, I shouldnt be surprised to be honest. Anyway night all I have stuff to get done in the morning.

>>25630057
Check out my rare coin bro

>>25632420
What is the fixation with bayhorse? Its not like their management is any better. Investors have been frustrated for years with how they seem to not start anything.

>>25632776
>>25632664

Thank you for your thoughts Pan Man. Forgot to mention also the fact that Sprott still shuns them. Also there is the consideration that AUN doesn't have a very large deposit. It is high grade, but not very large. I'm not even sure how many square km of land they own.

>>25628630
aw man, the comstock lode is classic. never knew they still have existing bars/rounds

>>25632830

When the silver price was in the gutter, I don't even see how production would have been worth it for BHS. Why throw away your scarce resource for $15 an ounce. BHS has everything in place now, the ore-sorter, the permits, they just got the off-take order for the concentrate, silver is $27 and rising. Only thing left now is to get the details and prove the order to be sound and then they are officially a producer, trading at only 0.5x cash flow. I see Graeme O'Neil as misguided, not predatory. The Harrison Gold stuff is a mis-step, but one which proceeds from the enthusiasm of the geos to find a great gold deposit. The Bayhorse CEO personally talks to investors on the phone. He's nothing like the AUN management, who cut the share price by 75% and didn't communicate with anybody for years on end.

>>25632845
Yes I remembered Sprott was not happy with them too. The bit about the deposit size is a bit harder to figure though because they have historic info on different existing levels but can't publicize it with it being drilled and added to the 43-101 report on the project. In time I think that will be done but its likely a ways down the road.

>>25632909
Its a more modern ingot from a local assay office. They still pop up on the local website. Look up the name on the ingot.

>>25632970
With a silver rally, I don't think there is much to be gained with incompetent or predatory management teams. There are so many better choices.

>>25632681
You're a byproduct of two siblings fucking, you aren't valuable.

Capsulepoast

>>25633142

One stock which everybody agrees does have a good management team is BSR, run by the prestigious Lundin family, which is why I said that it is a good alternative to Aurcana. They are a near-term producer of an equivalent mcap, and BSR has also found really high silver grades. Although BSR, which used to be cheaper than Aurcana, is now 15% higher, so the "equivalent mcap" is becoming less and less true as time goes on.

BHS would not interest me if the stock was not trading at such an absurdly low valuation, or if production was not so imminent.

>>25633350

Also, it just occurred to me, why would somebody choose Aurcana over Nicola Mining? As far as I know, Aurcana has 30 million ounces, but so does Nicola Mining. And yet the Nicola Mining mcap is only 1/7th the size of that of Aurcana. Treasure Mountain silver mine is permitted, and Nicola has a permitted mill; they can also process feedstock from other gold companies rather than dilute their shareholders.

>>25633669
This is going in the next bread

got these back in 2019. funny thing is these silver strikes are like 1/2 ounce silver and now they're actually worth their numismatic value in silver alone. got a barrel of some tropicana casino tournament $25 chips as well for fifty bucks. dude i bought em from got a hold of a stash of a dozen barrels or so out of the blue, these particular chips were pretty damn rare. but the guy tried offloading them all in a short time frame and they suddenly went from like 50-60 bucks each to 50 for 20 chips.

>>25633677
One more before sleep, but likely because Nicola mining is likely quieter in media exposure so fewer people have heard of them. Aurcana had Facebook ads out recently too. Nicola doesn't do that, their only ad i ve seen was for Round Up conference this season.

Picked up a 1,000 pack of blowjobs today

>>25633702
That is a deal. Maybe even a steal.Very based

>>25633677
>Also, it just occurred to me, why would somebody choose Aurcana over Nicola Mining?
Very large debt load and not much self promotion from the CEO. The second just means it might be a "hidden gem" but the first one is worrying from a possible dilution standpoint.

>>25633888
checked and based

>>25633909
the chip rack is a good book to have for history as well, tells the address/location, years in business, and assocaited names of casinos that had table games. pretty sure the version chips i got are the light green ones

>>25633888
checked

>>25630467
Give me a break. That’s just as asinine as when the leftists claimed it was Trump supporters masquerading as Antifa this summer.

>>25633870
>>25633945

Thank you for your thoughts. I'm going to hope that NIM is a hidden gem and that I'm not simply missing something. The interviews which I have watched of the CEO give me a good impression of him. I feel as if he is trustworthy. Hope that he does the right thing and gets the mill into production rather than doing any more dilution.

>>25619627
Stocks are going up not because Biden is good for business but because he is bad for business while being guaranteed to spend and inflate. People are buying stocks to avoid inflation. China knows they will lose money when dollars become worth less as it will stifle demand. They are having second thoughts about Biden b/c of this.

When it turns out business wasn't profitable precious metals shine, which we see foreshadowed now by too expensive to buy ecoins. Governments will panic and outlaw those coins or attempt to, which should cause a massive drop even if they are unable to ultimately.

What d'yall think?

>>25634262
Just...look at weimar germany, culture, and economy. Literally the playbook.

>>25634262
I sold my small position in SPY. Took some profit because I think we’re due for a pullback and want some cash on the sidelines. I used it as a way to diversify, but I think I’d rather keep it safe. I feel like things are overbought

>>25634262

>Stocks are going up not because Biden is good for business but because he is bad for business while being guaranteed to spend and inflate. People are buying stocks to avoid inflation.

Yes, this is Peter Schiff's theory. Of course, people are wrong to buy mainstream stocks, because those stocks are already more overvalued than at any previous time in history. In the inflationary 70s and 80s, people lost money if they bought mainstream stocks. Any gains which people make in them will soon be nominal and imaginary, as in Venezuela or Zimbabwe. And the destruction of the dollar will ultimately cause every bubble to burst, and every unfairly-priced asset to return to fair value. In other words, Tesla (for example), at a 1300 P. E. ratio, will effectively go to zero. At the same time, gold and silver mining stocks were almost never so undervalued as they are at present. e. g. Great Panther is trading at an absurd 4x cash flow.

>>25634605
>Great Panther is trading at an absurd 4x cash flow.
GPL might be a turnaround story. That previous management they had was horrendous.

>>25629866
Bought deals are almost always lousy but maybe this one isn't too horrible. For my comments, I'm going to talk in terms of USD where $0.80 USD = $1.00 CAD. The company is issuing equity at ~$0.80 per share and each share also comes with a 3-year warrant to purchase shares at ~$1.00 per share. The warrants are worth about about $0.50 per the Black-Scholes pricing model.

Holding everything else constant, the newly invested $12M into the company divided by the new share count puts the per share price at $0.90 which is where it closed. I'm not sure exactly how to work the warrants into how much the existing shareholders are affected right now. Being that the stock nearly hit $1.00 in trading, the warrants are close to being in the month. However, the company will not just create shares ex nihilo and give them to the warrant holders. The company will receive $1.00 for each warrant redeemed.

>>25627655
>Is it possible to get mint sealed tubes of them?
yep. got a few rolls and they all came taped down

>>25635228
Yeah. This is the example
I still got the next bread.

>>25635228
taped down like how? With generic tape or some kind of special tamper proof mint tape?

>>25635272
Usually with tamper proof, but if the mint is horrible at sealing the tube. The distributor will add their own tape to it.

BASED Blumpf supporters bringing us gainz

>>25635327
I see. Keep in mind I'm talking specifically about the royal Canadian mint.

>>25635272
>>25635418
i dont know if its actually tamper proof but its a p.i.t.a. to pull off. have multiple rolls from different sellers and they all have the same re-enforced tape

New bread

>>25635709
>>25635709
>>25635709

>>25620672
Hapless stacklet, but armed to the teeth, so will be avoiding the odd blowjobs. I'm fast approaching pirate though!