/biz/ - Business & Finance

>Stack guide

silver up DXY down gona be a good day for miners

Bumping my post for Pan Man to read whenever he wakes up: >>26195779

When will butthorse do something

PMG should never die before 300 replies. Especially not these days.

>>26198340
it rarely does

When I don't see a PMG on /biz

from over the weekend, lol

>>26198005
Do you have the meme with the former housewife and her questionably aged daughter?

>>26198588
checked, no, but have some questionable milkers

>>26198588
This one ?

>>26198776
Good enough

>>26198883
Yes! Thanks fren

Don't forget, it's a multidisciplinary thread

are there rhodium miners?

Tether's market cap is nearly 10x the total open interest on dxy futures.
Do with this what you will

Reposting my Kaisers from the vanished thread.

How anyone can logically justify these continued severe lockdowns due to “public health” is beyond me. Apparently, in the UK, police can enter your home any time without a court order or warrant, just to check if visitors are inside. We are primed and prepped not to take to the streets when the global economy busts, no doubt about it.

>>26199377
>Oi bruv you got a loicense for that bruv?

a (((7am))) slam

>>26199473
Realistically, what kind of trading volume would it take to create these kinds of sudden downturns?

>>26199473
Jamie woke up early today to give us more cheapies.

>>26198583
If only there was a way of hedging for scam wicks.

>>26199473
>20 cents
Wake me up when it's down 5%

>>26199377

This documentary by Dominic Frisby predicted Britain's future. Had millions of views before Youtube censored it.

https://www.youtube.com/watch?v=og4YhOc2f2w

>>26198027
Bankers were off yesterday, I am praying for the smackdown of the century today. My body is ready, give me cheapies!!

>>26199318
Nice condition

>>26199901
Thanks for this recommendation, I will watch this later. I would imagine that there are many people who are actively fleeing the UK and other countries with draconian lockdowns.

>>26198776
this girl is like 5 feet tall and will give birth to small sons.

>>26197918
Ouch my miners

>>26199318
>nice chin there incel

>>26199901
The problem none of these documentaries seem to address is the root of the problem. This debt was loaned into existence from nothing. When HSBC etc make a loan they are creating money. And we will be bound in chains to pay it back. Nobody talks about this. Just scrub the debt. If the debt is forced to be payed back we will see hyperdeflation and the banks will own everything.

and bloody red again. PM's are really shitty.

I thought buying Kinross at 7.3 was buying low..

>>26198883
better
>>26198154
same question for CCW, have been red in these fucker since September.

>>26200845

It actually does talk about that extensively; it's one of the central themes of the documentary that this country was in such a colossal amount of debt that our collapse was inevitable, even 6 years ago.

>>26201373
when was it made exactly ? Will watch it right now. Thanks.

>>26201063
PM’s are a safe haven asset dumbass, they’re not supposed to moon

>>26201338

CCW has been making progress on the Re20x which will ensure that it gets a government grant like FCC; even the assays from the recent ultra-high-grade silver discovery will provide a hell of a moonshoot, but the Re20x will send the stock into another universe.

>>26201407
Yes I saw it, unfortunately (or fortunately for me), the market yawned.

>>26200245
They are fresh out of the mint, so there's that.

>>26201386

I think it was made in 2014. Got a lot of traction at the time, then the left-wingers started complaining about it as "fearmongering," and Youtube wiped out every trace of its existence. If you end up liking it, then have a look into Dominic Frisby's Youtube channels; he's a really excellent person. Believes in gold and Austrian Economics, even bought Bitcoin in 2013 (as much as I hate Bitcoin) and made a fortune. For example, he vehemently opposed the lockdowns from the start.

https://www.youtube.com/channel/UC0SCyBGeHX15hirOGbezkKQ/videos

https://www.youtube.com/c/DominicFrisby/videos

"A Lesson From Jesse Livermore About Gold Mining Stocks"

https://www.youtube.com/watch?v=M_BD0ehlMLE

"Dominic Frisby Maybe Song"

https://www.youtube.com/watch?v=O9Nf7N91lc8

Daily remember : sacred gold is based gold

Like clockwork

>>26201527
That was not the question. Videos like this and the ones you posted are controlled opposition.
Where in the video is it referenced that money is loaned into existence by private commercial banks? Where? This is the credit theory of money and it is never discussed, not even by gold bugs.

I can't be the only one who's having nightmares about Aqua Regia.

>>26201665

>Where in the video is it referenced that money is loaned into existence by private commercial banks? Where? This is the credit theory of money and it is never discussed, not even by gold bugs.

Watch this video by Frisby, "Fiat Money". It's just under 4 minutes long and it exclusively deals with the question of money being loaned into existence.

https://www.youtube.com/watch?v=hx16a72j__8

Frisby is most definitely what you would call a "goldbug" (cf. https://www.youtube.com/watch?v=RvL_Dm2d99A))

>>26201747
So the originally video posted does not discuss it. My original point stands. None of the mainstream bugs talk about this.

Lets See if PMG even knows the answer.
>https://strawpoll.com/syuv5efbd

Wouldn't miners suffer too if the economy crashes and the stock market bubble bursts

>>26202004
Yes

>>26201282
$7.30 is good fren, I'm in at an average of $8.44. Good news for KGC, insider buying recently very big with even their CEO getting more. BULLISH!

>>26201960
Easy.

>>26201407
Do you see any validity to the narrative on CEO.CA that Frank is incompetent or doing a mediocre job with CCW? I am enamored by the company’s potential but scrolling through the chat, I find months and months of negative comments about Frank and the direction of CCW.

>>26202004
Gold bugs are at the mercy of the government. If the government stands back and does nothing, we will see hyperdeflation as the remaining pool of dollars shrinks and becomes more valuable. Gold, miners etc will plunge in value. We are relying on the principle that no government in history has ever failed due to want of printed money and predicting the government will print print print. But, if this is the great reset and governments and banks are working together to seize all the assets, the could theoretically allow hyperdeflation until the banks own everything, including your stack. You are at their mercy. If they dont print you will end up selling you gold for $50/oz to eat.

>>26198154
75k butthorse shares? Fucking madman.

>>26201801
C'mon, the most viewed playlist about money on youtube, hiddens secret, clearly talk about this. Most people who warn you about financial collapse tell you how banks are predatory. However, you're right, this video should've mentionned how weird it is for money to be created out of thin air. When you watch the video, its more about interest rates than money creation.

>>26202143
Or I could just bury it and eat squirrels for the next year

>>26202174
Its controlled opposition. The idea that commercial banks are creating money when they write car loans and mortgages is the most important principle. They hide it because people would flip if they knew they were paying 8% interest on their car loan of fake money

>>26202115
Chiming in here. It's less about the management in my opinion and more about some general transparency to shareholders and the difficult geology of the deposit. People seem to be taking out their anxiety on Frank.
t. not a CCW owner

>>26202143
Which is why you also stack seeds, food, steel, lead and powder...

>>26202239
Tell that to the citizens of Sarajevo
>https://www.youtube.com/watch?v=KzK8z7dksoQ

>>26198154
ballsy, I hope you got in at around 8 cents USD or less

>>26202277
It takes 1.5 acres of land to feed one person for a year. Do you have the land, ability to work it and store the food? Doubt it.

dollar getting demolished today

My asshole is getting demolished today

>>26202242
Nah, its not hidden. You are wrong on this my friend. People DO NOT CARE about money creation. They like it. I've seen tons and tons of well-known actor and other talk openly about how we were getting fucked about money creation, people simply laughed and went on with their life. I've talked with collegues or even family, they don't care. If all of us simply stopped borrowing, we would destroy the system. No need for war, no need for buying tons of PM, just stop borrowing and consumming. You destroy the system in a year. Its not a secret money is created out of thin air. People deserve to be fucked, don't put everything on bankers, fed and JPM. And that's exactly why I will enjoy people misery with my physical stack and portfolio miners.

>>26198005
What is your stack tier anons ?

https://strawpoll.com/ck3qfv5gj

>>26202053
>>26202143
Then why invest in miners? Unless you plan on only holding them for a short time but that's pointless as most mining stocks seem to go downwards

>>26202463
I have no home.. 2 / 200

>>26202386
If corrupt pedo dementia Joe actually gets in tomorrow he's giving citizenship to 20k+ beaners, probably free food and health care too, the $ is completely fucked

>>26202508
You americans deserve that shit.

>>26202463
>>26201960
Fuck off Strawpoll glowniggers

>>26202508
>20k+
correction: 20M+

>>26202576
>glowniggers

>>26202408
It is not a secret that money is created out of thin air. You are right here.
It is a secret WHO is doing the creating. Most people assume its the central banks rather than the private banks

>>26202115

There is a regular band of trolls on the CCW chat who have been there for years (like @Legendary and his sock-puppet account @Rebecca), don't pay them any mind. "@buff," "@mackvorkian," "@tin" and a number of others have a good head on their shoulders and understand what is going on.

>>26201801

>"My original point stands. None of the mainstream bugs talk about this."

I just showed you a video which deals exclusively with this question by what you call a "mainstream bug," the very person who made the documentary. So, no, your original point does not stand. Do not know where you get this idea from that "goldbugs" don't talk about money being lent into existence from thin air; on the contrary, it's all they ever do talk about. I presume that you have adopted the ideas of some MMT propaganda piece like "Money as Debt," or "Web of Debt," or Stephen Goodson’s book, and don't realise that all the criticisms which these people have of the modern financial system were stolen from the so-called "goldbugs.” Then you get the bait-and-switch where the answer is to put the fiat-money printing press directly in the hands of the government (i. e. adopt MMT) instead of going back to gold.

You ought, also, to understand the difference between the debt which the average person owes to private banks, and the debt which our government owes to the central bank. They are two different questions, and the MoneyWeek documentary concerns the national debt. If you tried to "scrub Britain's debt" (i. e., default) then this country would collapse overnight, because we only pay for our colossal budget by taking out equally colossal amounts of debt (whether by issuing bonds to foreigners or by buying our own bonds). The problem which Britain has is that we have backed ourselves into a corner by inflating an enormous housing bubble and trying to pay for an enormous welfare state which we can't afford. This would not have happened in the first place with the discipline of gold.

>>26202484
People buy miners because in the past it has worked. If the government decides to let nature take its course and allow hyperdeflation, miners will get obliterated. like -99% obliterated.

>>26202675
As will everything else of course

>>26202655
The national debt is also money created by private banks. The fact that they didnt find that simple fact worthy of being put into a one hour documentary demonstrates the 1 hour documentary is controlled opposition.

>>26202675
That's why you get PM before miners. Defensive position before offensive.

>>26202784
Yea, and if you hold only physical, its possible your purchasing power will go up in hyper deflation, but any miners with any level of debt will get wiped out to zero.

>>26202852
this is why you hedge, 30% PMs, 20% Miners, 30% USD, 20% Indexes. You can still make a bet on what direction it will go + be hedged. If 50% goes to 0, the other will 10x. Which side doesnt matter (even though we know how it will play out)

I held on to crypto for 4 years and finally. I sold some, should I just buy some gold with the money. Currency seems like a terrible bet and Crypto currency makes me nervous, the only reason I profit was because I was an early adopter even then I lost the majority of it by investing in shit coins instead of hold ETH and BTC

>>26203033
Yes, gold.

>>26202293
That entire country is roughly the size of Vermont. Of course if you pack people in and cut off the food it gets bad. That's why you live in the middle of nowhere like me. Live outside of 20$ in gas range for all major cities and you're going to have a lot less goons wandering through. There's enough wildlife and wilderness here to stay safe and well fed.

>>26202819
I don’t know if I fully agree with this. If mining stocks represent leverage to increasing precious metals prices, Then it would make sense to use your limited capital to purchase undervalued Junior miners first, and then either take profits along the way to purchase more physical, or, if you really don’t mind waiting a while, wait until some of your mining companies start to offer shareholder dividends in physical silver. Then you can sit back and collect your physical position.

>>26202979
>30% USD

thats a lot of currency you're holding thats currently being devalued

>>26203084
risk / reward, different stances and opinions for each person, this is all personal. The general direction is correct either way.

>>26203084
Nah, I would never agree with this. Of course, it depends on the capital. But say you have 5k, put 2.5-3k first in physical silver, maybe a small gold (not full once), then go for miners.

>>26203107
Do you think theres a 0% chance that real estate crashes? Do you also think theres a 0I dont think so. Thats the only reason I'm holding for the short term.

>>26203107
Do you think theres a 0% chance that real estate crashes? Do you also think theres a 0% chance the gvt doesnt do some wild shit? I dont think so. Thats the only reason I'm holding for the short term

>>26203160
if you're saving USD to buy real estate in the near-term then sure thats fine. i dont know that real estate bubble will pop any time soon though

>>26202812

No; the national debt is created by selling bonds. Creating money out of thin air in that manner is actually why the day of reckoning has delayed so long, because some real people (pension funds, nation states etc.) have actually been buying these bonds from us and funding our government. But now it has got to the point where the Bank of England (and the U. S. Fed in the case of America) are pretty much the only ones left who are buying the bonds, because Q. E. has at last driven real yields to a negative rate. If we had begun with MMT, we'd never have lasted this long; we'd have gone straight to hyperinflation. The fact that private banks can create money out of nothing is another consequence of our evil fiat money system, but it is a separate one from this of the national debt. A gold standard is the answer for both problems. You solve the problem of the national debt by going back to gold, thus preventing the government from spending more than it has; you solve the problem of the private debt by banning fractional reserve banking, and only allowing banks to lend out real gold which they actually possess.

>>26203240
again, hedge risk/reward ratio. Im confident in Pms and Miners but I wont put al eggs in one basket

>>26203060
>I sold some crypto guys!
>"Yes, gold"

>>26203033

Gold, silver, and mining stocks are the most undervalued assets in the world, do not delay in establishing your position. Cryptos will go to zero when Russia, China and the other Asian nations go back to gold and dump the dollar; stocks are trading at 30x forward earnings; houses are at 8x earnings. Meanwhile, silver needs to go over 30x to return to its inflation-adjusted ATH of $850, and most mining stocks are trading at absurd levels like 4x cash flow or P. E. ratios of 7 or 8. If you sell your crypto to get into PMs now you are not only preserving your wealth but making the trade of the century.

>>26203283
And who buys the bonds? Primary dealers. Where do primary dealers get the money? They create it.

>>26203084
>If mining stocks represent leverage to increasing precious metals price
Protip: it doesn’t

>>26203442
If it is so undervalued, why aren't big players and smart money with capital big enough to influence price, moving their money there already? Are they just too stupid to see an opportunity that you are able to see?

>>26202408
You don't have to stop borrowing even. The problem lies with the illusion of "keeping up with the jones's". People just need to stop going out of their league and buying 300-500k houses, buying 50-120k vehicles.
LIVE WITHIN YOUR MEANS
It is not fucking rocket science. I know people who live in fucking trailer parks and have 150k in vehicle loans because that is what their coworkers and other people see, not the dive they live in. Quit worrying about your fucking "image" and live how you want, then they bitch they gotta work gotta do this etc because if they don't the whole fucking image falls down around them, theirs and the illusion.
I own 4 vehicles outright, never bought a vehicle in my life I could not afford cash, I put a huge down payment down on my house , started my mortgage 2.5 years ago and I owe 50k still which I am shooting to have paid in less than 2 years.
But people are too stupid and think they can have everything now, "you will own nothing and be happy" It has already happened because everyone I know doesn't own their vehicle, doesn't own their house, shit by the time they own their phones they upgrade to another 2 year contract and new phone
My vehicles aren't the newest, but they are my style, my house isn't the biggest but it keeps my family warm and is decently nice and I will OWN it soon

>>26203924
yes

>>26203924
If they did then Gold would stop being undervalued overnight, practically ending the age of Fiat.

>>26203942
>and I will OWN it soon
Not when a massive deflationary event comes and you can’t afford your property taxes or your mortgage, which is exactly what the “Great Reset” plan is. Not to mention eminent domain embedded into the constitution, which means Americans own literally nothing.

I posted the answers before I posted the poll and half of PMG is still getting it wrong. See the problem? Any documentary that talks about fiat money and doesnt reference that commercial private banks create it, is controlled interference.

>>26203924
>he doesnt know

the entire system is designed so that they can accumulate hard assets as cheap as possible, while supressing their nominal prices, and keeping prices of their paper ponzi assets stable.

>>26203442
fucking based miner bro good to see you back here

what should i be buying right now? NIM looks cheap

>>26204170
Am I really the only one here who got it right? Come on guys

>>26203924
>If it is so undervalued, why aren't big players and smart money with capital big enough to influence price, moving their money there already? Are they just too stupid to see an opportunity that you are able to see?
Because if they bid up the price then they've let the cat out of the bag and their ponzi scheme of central banking and deficit spending by the government collapses by losing faith in the currency, crashing equities markets and the economy in general.

>>26204135
They already own nothing by virtue of being liable for 27 trillion dollars of debt. As citizens of the US they will have to pay that debt one way or another.

For anons asking what percentage do you put your money into certain assets i'll tell you what was said by an Italian Man who's family is one of the old Italian Nobility Familys of Italy whose wealth is at least in the hundreds of billions and most likely into the trillions and remember these Familys have all the insider knowledge of the markets and whats going on in the world and is how they made all that money.

He was asked what they are putting their money into with whats coming up and his answer was: One Third, One Third, One Third.

>One Third: PM's
>One Third: Land
>One Third: Fine Art

That basically tells you whats happening in the future, its hard assets, no digital ponzi stocks, bonds or cryptos.

>>26204170
What’s the difference between primary dealer banks and commercial banks?

>>26204220
But aren't there third party players/countries that do no participate in the scheme?

You have to wonder how long China will keep accepting the dollar for, I mean you have Chinese citizens working day and night in factories to produce things that are then paid for with money that is printed out and given to Americans to sit at home doing nothing but playing video games.

>>26204135
I guess we should all give up, why are we buying gold/silver, why try to buy a house might as well sell out and start renting eh fren?
If you give up that easily why the fuck are you here?
You want to try to make life unbearable, I will fucking adapt. You try to outright take MY home and back me in to a corner...

>>26204204
>>26204309
Both Primary dealer and commercial bank are acceptable. I threw both on there because I already gave away the answer and wanted to make it semi difficult. The Fed is the wrong answer.

>>26204454
Can't believe people here think that the Fed is the one that does the printing. People should inform themselves more.

>>26204489
If half the people here believe that lie, imagine how bad it is out in the real world. Controlled opposition is real.

>>26203942
>But people are too stupid and think they can have everything now, "you will own nothing and be happy" It has already happened because everyone I know doesn't own their vehicle, doesn't own their house, shit by the time they own their phones they upgrade to another 2 year contract and new phone

Gold right there

>>26204489
>>26204454

doesn't the Fed print the money and then send it to the banks to loan out? or use it to buy assets

>>26203924

>If it is so undervalued, why aren't big players and smart money with capital big enough to influence price, moving their money there already? Are they just too stupid to see an opportunity that you are able to see?

Yes, they are. We are still in the stealth phase of this bull market. If you take the time to understand the fundamentals, you will see why everybody else is wrong and PMs are the correct decision. I already alluded to the fact that literally everything else but commodities is objectively overvalued, and commodities are objectively undervalued. Then consider that the governments of the West are in an inextricable debt trap; they can't raise yields, or everything would collapse, both because the bubbles are so large, and because they are so heavily in debt. So they can only keep printing their currencies into oblivion, as they buy more and more bonds ("Q. E.") in order to force yields lower. They did $5 trillion last year, expect another $5 trillion soon. Real yields are now negative--hence few real people want to buy bonds, so the debt is being increasingly monetized by the central banks themselves. The real economy is completely broken, real unemployment is 40%, UBI is coming, money-printing is literally parabolic, many commodities are already coming close to doubling. A banking crisis is imminent, most G-SIB equities are trading at less than 30% of book value. Listen to what people like Alasdair Macleod are saying about the economy, they are not stupid people. Find his interviews on Youtube, see if what he says convinces you. He also predicted the 2008 financial crisis when nobody else did.

>>26204195

ceo.ca is down so can't see a lot of prices right now, but BLLG is always an obvious buy.

>>26204568
Your sample size is too small though, under ten people answered your poll. Although yeah your average normie has no idea how the banking system even works. They think their money in the bank is stored somewhere while in reality their deposits are just IOUs -- debt -- for the bank

>>26203924

>If it is so undervalued, why aren't big players and smart money with capital big enough to influence price, moving their money there already? Are they just too stupid to see an opportunity that you are able to see?

Yes, they are. We are still in the stealth phase of this bull market. If you take the time to understand the fundamentals, you will see why everybody else is wrong and PMs are the correct decision. I already alluded to the fact that literally everything else but commodities is objectively overvalued, and commodities are objectively undervalued. Then consider that the governments of the West are in an inextricable debt trap; they can't raise yields, or everything would collapse, both because the bubbles are so large, and because they are so heavily in debt. So they can only keep printing their currencies into oblivion, as they buy more and more bonds ("Q. E.") in order to force yields lower. The Fed did $5 trillion last year, expect another $5 trillion soon. Real yields are now negative--hence few real people want to buy bonds, and the debt is being increasingly monetized by the central banks themselves. The real economy is completely broken, real unemployment is 40%, UBI is coming, money-printing is literally parabolic, many commodities are already coming close to doubling. A banking crisis is imminent, most G-SIB equities are trading at less than 30% of book value. Listen to what people like Alasdair Macleod are saying about the economy, they are not stupid people. Find his interviews on Youtube, see if what he says convinces you. He also predicted the 2008 financial crisis when nobody else did.

>>26204195

ceo.ca is down so can't see a lot of prices right now, but BLLG is always an obvious buy.

>>26204637
The Fed creates bank reserves for banks and the banks print money according to the bank reserves when it's needed in the real economy. Watch George Gammon's banking system video series for the details.

>>26203562

>And who buys the bonds? Primary dealers. Where do primary dealers get the money? They create it.

Yes, but this is precisely the point. It's only now that central banks have to monetize the debt that hyperinflation is going to set in. So long as real people were buying the bonds, the ponzi scheme could continue. But now that real yields are negative, no real person has any incentive to buy a bond. If you had started with MMT, you would be starting where we are right now, and the system would have collapsed even faster. Only a gold standard could have prevented Britain and the West from getting into such a bad financial situation in the first place. Separate from the above is also the practice of fractional reserve banking, which is a separate question, and which should be completely abolished.

>>26204709
CEO being down is very bullish in my opinion.

>>26204135
>Not when a massive deflationary event comes

How do you think this deflationary event will unfold? The March crash was pretty deflationary and in the panic many cheapies were available, aside from the obvious deals on equities and commodities I bought a number of batches of ancient antiquities for super cheap, like picrel collection of Near Eastern Bronze Age spearheads and arrowheads for $12.50 total shipped, pennies on the dollar.

Please tell me that such cheapies will be available again soon.

>>26203924

It's a good question with a multi part answer.

Yes a lot of them are dumb wall street boomers who blindly trust The System, and believe the fed will take care of them and make number go up. They're midwits who don't really understand macro, but they do understand that fealty to the establishment has carried them for their whole careers. Follow conventional wisdom. In Bernake we trust etc etc.

Some of them know better (Buffet knows), and furthermore they know exactly what the game is all about. They know that taking a big position in gold or advocating it publicly is essentially seen as economic treason, which will put you on the government's shit-list. Much the same reason so few have been willing to touch bitcoin. They "fear the regulator", as well they should, since the feds can make your life hell in a million different ways. IMO, many of these people are personally invested, quietly, privately, and out of the US.

The ringing of the general commodities bull market bell will probably be the start of the stampede though. Nobody want to be the first penguin off the ice to get eaten by the ocras, but if everybody else if diving... well they can't get us all, right?

>>26204348
Yes, in desire, but their motive now is to weaken the country by crashing their currency, that time will come when their own stockpiles are high enough so they can launch their own PM backed currencies to compete with the dollar on the global stage.

For now it's accumulating cheapies while they try to keep an internationally traded commodity suppressed to keep the ponzi scheme going.

>>26204406
You need to look at this at the national level. The trade surplus that China has means that each passing day in the current system they are accumulating dollars and euros while Westerners are getting their products in return. This means that China is getting richer all the time in the current situation. They are using these dollars and euros to buy real assets, such as companies, real estate, land and precious metals. This is why China doesn't mind that they work for the luxuries that westerners simply consume because they get richer all the time and also they could at any moment pull the rug out of the current dollar system by simply not trading their products for worthless dollars. They could dump their treasuries and peg their currency to gold. They could do all this but they decide not the because right now they are buying every single asset on the face of the earth.

>>26205171
Glorious sack of FWTDHWATQUD tokens, how many mercs do you have in there?

Is there any validity the the FUD which claims banks suppress gold prices, by trading paper gold? If so, what can be done about it?

Also, I believe that 2020 has proven lead to be one of the most precious metals. Ammo prices are sky high.

>>26205194

>China could dump their treasuries and peg their currency to gold. They could do all this but they decide not the because right now they are buying every single asset on the face of the earth.

Yes. Most people don't know that China has already accumulated over 40,000 tons of gold in secret. Andrew Maguire informed us a number of months ago that they are now hoarding silver. And they also have an official plan of hoarding commodities of all kinds. China's debts are paid to them in USD, so it benefits them not to dump the dollar--yet. They can keep collecting USD and purchasing commodities at artificially suppressed prices. If gold soared, all other commodities would keep up with it, and they would then have to spend their precious gold reserves to buy commodities, instead the worthless USD which they collect from their debtors. But once they dump the USD, China is immediately the world's superpower, and America devolves into abject poverty.

>>26204301
Would REITs constitute land in that case?
(I imagine it's a similar story to 'paper gold').

>>26205409
Gold Futures suppress demand. You can buy physical gold today or with futures by a january contract, a feb contract, a march contract, a april contract. It basically dilutes demand against physical. This is documented. Luke Gromen had an excerpt from central bankers back when futures were launched in one of his tree rings

>>26205497
Reits have heave debt typically. ,Real estate is only profitable because of leverage and the Cantillon effect. If you did real estate cash only, its a pretty shit investment.

>>26205409
yeah ammo prices have gotten so bad Im looking into .22 guns just so I have something I can afford to shoot, everytime I use my AR I can't help but think about how much money every bullet is lmao.

>>26198994
here's an image to add to that

>>26205642
Silverbugs are literally nazis

>>26205560
This
>>26205497
You need to take advantage of the low interest rates

>>26205491
The longer the current trade scheme continues the wealthier and more dominant China becomes. Also the more we let them hoard all the real wealth during this fiat era the more fucked the west is when the inevitable reset from FIAT to gold happens. It is painfully obvious that the West will be utterly fucked.

>>26205642
Yes.

>>26205560
Hyperinflation they win then, as their debts become worth less.

Deflation, and the underlying value of their assets increases, protecting them.

In which case, I suppose it is a case of finding one that isn't too heavily leveraged if one wants to gain property market exposure, but is too poor /otherwise committed to outright buy anything.

>>26205837

>>26205642
Too bad it's americans bars

>>26205894
There is likely a hyperinflation exit for banks that lets them reprice the loan in the new currency.
Deflation you get wiped out because the value of the asset falls but the debt payments remain the same.
You only win with moderate 4-10% inflation sustained for 10 years and you have a 30 year note at 1%

>>26205837

Yes, and that's why we have the pandemic hoax and the lockdowns. Can you imagine how furious people would have been without a plausible excuse. To know that all their wealth and their children's wealth and their grandchildren's wealth has been robbed from them. I remember how furious people were simply about the banker bailouts of 2008. The Fed never could have done another $5 trillion in Q. E. last year without the pandemic hoax; the whole system simply would have crashed to the ground in March (just as it was about to do so in late 2018 before they re-started a partial kind of Q. E.). As it stands the authorities have been able to prop things up for year or two more while they get the police state in place, and their hoax excuses in order for what is about to occur.

>>26205837
This, the only way we will not get btfo by the ever saving, ever slaving insectoid changs is to literally be a nigger and steal the gold back from them. AKA war

>>26197918
If you had 30K to plop down on one mining stock TODAY, which one would it be and why. Asking for a firend.

>>26205999
Checked, and sound response.

I've been watching the screen too long...

>>26206055

>As it stands the authorities have been able to prop things up for year or two more while they get the police state in place, and their hoax excuses in order for what is about to occur.

And by the way, this is exactly what Howard Buffett predicted would be the consequence of abolishing the gold standard. He said to Congress: "Because of America's economic strength, the paper money disease might take many years to run its course. But when the critical stage arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife." Domestic strife = the anger which you would seen when the system collapsed without an excuse; ruthless regimentation = this totalitarian dystopia which we are living in. ("Foreign war" already came before in the case of the Iraq War, to stop Saddam from selling oil for euros, or the Invasion of Libya to stop Gaddafi from issuing his gold-backed dinar. https://www.youtube.com/watch?v=GuqZfaj34nc))

>>26206055
The lockdowns are going to lead to 1.37M excess deaths. Far more than acute covid. These deaths disproportionately affect African Americans and Women.
YFW lockdowns are literally systematic racism and mysoginy.
>https://www.nber.org/system/files/working_papers/w28304/w28304.pdf

>>26206128
First Majestic. Soon their tax woes will be over and it will double in a week. Also stable

>>26206128

>If you had 30K to plop down on one mining stock TODAY, which one would it be and why. Asking for a firend.

Blue Lagoon Resources. You can learn about it here:

https://www.youtube.com/watch?v=IVuaj-NFacQ

http://www.321gold.com/editorials/moriarty/moriarty101620.html

>>26204348

Russia and China (and others) are both stacking shitloads while they dump dollars. They know exactly what's up. They know Gold is artificially cheap and that the US is propping the dollar up.

They could blow the scheme up, yes, but they are happy to let the game continue, as with every passing year their position strengthens. Short term pain long term gain. Exact opposite of the foolish can-kicking our leadership does. When this currency powder keg blows, there will be a major global rebalance of power in their favor and they know it.

>>26206128
>>26206301
Dont plop 30k into one junior unless its less than 1% of your portfolio. This is a recipe for loss. Even the most promising junior can have unforseen stuff like mine floodings that bankrupt the company. We saw this last cycle.

>>26205409
>what can be done about it?

Wait for the Eastern and Eurasian countries which are hoarding gold now to get properly positioned and ready to rugpull the USD.

>Also, I believe that 2020 has proven lead to be one of the most precious metals. Ammo prices are sky high.

Didn't this happen when Obama was first elected and through the 1st term economic chaos which made commodities moon? I didn't have guns then but seem to recall that .22LR ammo was being hoarded like crazy with people almost treating the .22 rounds like an alternative currency?

I did all my gun, extra magazine and most ammo buying from early March through May, in spite of the rush there was still lots in stock then. I haven't found any .380 locally in 2 months and all .22 short, LR, Magnum and even the .22 rat shot are wiped out, though I did manage to find some more magnum just before Christmas.

I dunno if it was dumb but I bought the last boxes of .25ACP they had last spring even though I don't have any pocket pistols, figured it would be a scarce and maybe valuable caliber in the future.

>>26206128
Now I never do this but I'll entertain your question. However I ask you to do your own due diligence.
If I had to all in on one mining stock it would be Moneta Porcupine due to their recent merger with O3. There are other reasons than that but that's it in a nutshell.

>>26206304
Its like the game monopoly. Once you start winning you can start informaly allowing people to defer paying you while you accumulate property. If you squeeze them they might make a comeback. You keep deferring and accumulating till you own the whole board and its game over. At 80% ownership the outcome may seem certain but if you keep going you can own it all. The other players are happy to keep playing because they think they can make a comeback

>>26204348

>But aren't there third party players/countries that do no participate in the scheme?

Everybody knows what is going on. It's a suppression-game for America, a buying-opportunity for everybody else. China has secretly accumulated 40,000 tons of gold, and Russia now has enough gold to back its currency 10:1 with gold (see picture). We recently learned that Russia now has more gold than dollars (https://www.bloombergquint.com/global-economics/russia-s-583-billion-reserves-now-hold-more-gold-than-dollars).).

>>26206371

He asked for one company which is why I didn't give him any one-mine producers. But most of the value of BLLG is in the resources in the ground and in the permits. I also could have said DV. No risk of a mine flooding there, all they have is excellent financials, excellent reserves and an excellent historic ground.

>>26206260
Thank you.
>>26206301
Will check - due dili
>>26206371
It’s basically crypto gains and will be 10% of existing Junior/mid-tier miner portfolio.

>>26206055
>>26206097
>>26206212
I love this place. A sanctuary in the clown world with no NPCs and NPC responses.

r8

Very interesting book anons, even if written by long nose

>>26201732
I was troubleshooting a process tank and it talked about cleaning with Aqua Regia.

Yes, I'm just going to make up 7 liters of that shit and then dispose of it afterwards, because that is a totally sane and reasonable thing to do.

great fuckin thread, /pmg/ is old biz without crypto newfags
>t.sold all of my cryptos, stacking hard

>>26206792
based

>>26206516
>DV
>drops 20% in 2 trading days

heh, nothin personnel kid

>>26206919

The leverage works both ways. If silver goes past $30, then DV immediately doubles. Point is that there is nothing fundamentally unsound about DV, it is a pure unexpiring call option on the silver price. You can't possibly go wrong with DV if silver goes up, and you _will_ get rich.

I JUST WENT ALL IN PAAS
WISH ME LUCK FRENS
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHH

>>26198005

>>26197918
What do you negroes think about tokenized gold like the Perth Mint Gold Token (PMGT)?

>>26207178
Based stack

>>26207178
Baste

>>26207216
I think there are tons of niches to be filled in crypto, and tokenized gold is more reasonable than people want to admit. Most people buy and store in vaults, which defeats the original purpose of stacking.

When crypto market bull looks like its finished, I'm considering swinging it into paxG or something similar. Only downside is you can't do much with it at the moment, that I'm aware of, although its possible thanks to smart contracts you could utilize it for flash loans and what not , generating returns whilst holding.

>>26206722
still trying to figure out where the fuck Silver Spruce came from

>>26207216
Be your own bank

>>26207178
Hello there dragon-sama

To respond to your question from a previous thread, I wouldn't remelt your chonks into a single ingot. Divisibility is good unless you really want everything in one bar.

>>26206455
Will take a look too. Thanks!

>>26207374
Hmm I kind of wanted to stamp them myself and test the purity with one of those machines, which means it would be practical to smelt them into bigger bars.

Had someone here accuse me of spray painting them.

>>26207299
On this subject you might be interested in the use of crypto for derivatives of commodities. I hold tokens of a company called Synthetix. Here's a brief explanation of the protocol and platform: https://www.youtube.com/watch?v=Hb9tQ437SlA

>>26207395
I still would not ever go all in on anything. I know your question is basically just "give me your best miners to look at" though. Here's some other tickers worth looking at: MTH, DEF, RK, AOT

>>26207299
>>26207509

I always believed that the "If you don't hold it, you don't own it" meme is a banker psyop to discredit gold. It muddies the waters by confusing unallocated trash like GLD with allocated metal. Most people don't realise that you can buy a cup of coffee with gold, right now, on Kinesis and GoldMoney, or send half an ounce of silver to somebody half-way across the world 24/7. We hear the same old nonsense about the useless Bitcoin as "digital gold" again and again, even though we already have digital gold which is 1000x more effective as a currency.

By the way, this recent NR from GoldMoney was interesting to me:

https://ceo.ca/@businesswire/totenpass-the-new-paradigm-in-the-permanent-storage

"Totenpass has been developing a permanent digital storage drive constructed from solid gold that requires no energy and has no movable parts. Digital data is written onto the drive by way of a proprietary light-diffraction process which imprints images, documents, and other files that can be stored as either human readable without the aid of computers or machine-readable with the employ of a smartphone.

This technology allows for the permanent storage of precious digital data, thereby eliminating any future dependence on the internet and the vast amounts of energy required presently to store content. By consequence, this technology will empower both individuals and corporations to decentralize, preserve and fully control their precious digital data once and forever."

-

"Totenpass is etching information into gold with a very fine laser beam. It is essentially a printer taking advantage of the robustness of gold. I expect to see some patent application filings. The device they are using, due to feature size, may be novel. I presume the etched laser can be imaged with a photosensor array to read the data and load it in a computer or smartphone. Im interested in seeing how they plan to implement this as a viable storage media for smartphones and pcs."

>>26204301
Where did you read/see that? What’s the name of that family?

>>26207216
Perth mint etf was bought by goldman sachs and physical redemption removed.

>>26207953
>>26207216

Yes, see:

https://www.sprottmoney.com/blog/Goldman-Signals-Gold-Rally-Ahead-David-Brady-Dec-16-2020

"Goldman Sachs finalized its takeover of the Perth Mint’s $500m New York-listed gold ETF. This represents Goldman Sachs' first commodity-backed ETF. It will be renamed the Goldman Sachs Physical Gold ETF, and the ticker will remain unchanged: AAAU US – Note the use of the word “Physical”. The product fees will also remain unchanged at 0.18%. But here is the big change:

The original custodian to the ETF, the Perth Mint, allowed shareholders of the ETF to readily exchange their shares for delivery of physical gold in the form of bullion bars and coins issued by the mint, and that unique feature was guaranteed by the government of the State of Western Australia. In other words, the ETF was 100% backed by physical Gold. No more.

Can you guess who is the new custodian for Goldman’s ETF? The London branch of JP Morgan.

So what was once a government guaranteed 100% physical gold-backed Gold ETF is now just another highly leveraged paper Gold ETF. “Physical”? Not so much.

The big questions are: Why and why now? The following comments are just a reflection of my opinion only, so take them for what you will. I will admit that I am extremely cynical when it comes to anything involving Goldman and JP Morgan, two of the biggest players in the precious metals space.

...

Perhaps the motive for Goldman to take over and transform a physical-backed ETF into another paper-Gold ETF is because the Perth Mint and the world is running out of available physical Gold, and the banks in particular don’t want this to come to light given the obvious effect on Gold prices. We’re already seeing scarcity and premiums rise again, just as in March."

Is there a /pmg/ approved trading app? I've been bouncing between Robinhood and Fidelity for a year and am wanting to expand more into miners and some other smaller companies.

Just bought one of these off ebay, finally made it. What an idiot selling for so cheap wtf

>>26207534
Thanks. The question was posed to take action quickly though. Definitely not to time a bottom but to hold as long as it takes for this reprieve and crabbing in PM mining stocks advancing to the next level. First Majestic may be the one. The rest of the miner portfolio is pretty heavy on speculation and most have a potential to 5X+.

Silver One is not performing like I thought it would

>>26208150
I want to get my hands on some venzualan bank notes. Like a duffle bag full, for a prank im planning. Anyone know where to buy?

>>26208125
Holy shite. Are there any alternatives to it?

>>26208141
I use Thinkorswim (TD)

>>26208191

The only ETFs which are safe are Sprott's PHYS and PSLV, which are backed by trustworthy people, allocated, and have a delivery mechanism. Otherwise, falling short of holding metal in your own hand, you want to use allocated services like BullionVault, GoldMoney, Kinesis, OneGold, or GoldSwitzerland.

>>26208200
I tried thinkorswim but couldn't find a way to select "all or none" when buying/selling

>>26208163
Yes, the miners I mentioned are good buys now and good long-term holds in my opinion.

>>26208177
I have this one too. Sitting with -18.77% negative (not nearly my worst performer)

>>26208191
>>26208249
There are no safe ETFs. Any etf can be bought out.

>>26208200
Thanks, I'll look into them. I don't know if I'm missing some settings but Fidelity wouldn't let me purchase anything under a dollar. I'm pretty new to investing but have been making steady gains over the year.

>>26208441

For that to happen Sprott and Rick Rule would have to betray us, and I do not believe that that is in their moral character. The only risk which I see in PHYS and PSLV is that the metal is held at the Royal Canadian Mint, so the Canadian government might steal it. But that would be a pretty egregious overreach, given that investors are investing in that fund from all over the world, not simply Canadian citizens.

>>26208292
I think the only way is to do it from your TD account, but not through the TOS interface.

>>26208186
https://www.banknoteworld.com/venezuela-5-bolivar-soberano-banknote-2018-p-new-unc.html?category_id=347

>>26207934
Cant remember exactly who it was but it was a video of an intelligence level operative/journalist with connections to these type of people, the name of the family he obviously didn't expose.

>>26199308

You know why the canadian govt has no gold reserves? When the time comes they will pass a bill requring Canadians to turn in thier gold. We are fucked.

>>26208580
>Would have to betray us.
Or die.
Lots can happen.

>>26209355
Gold confiscation makes no sense. If you paid cash for it, how would they know that you own it?

>>26208814
They arent worth even 12 cents. I was thinking a penny each. I need 10,000 of them

>>26209355

The CAD will hyperinflate sooner than any other currency, but I think that the Canadian economy may be all right in the end. Most of the mining companies are headquartered there. So there may be no need to steal the people's gold. If you have a strong economy, you can rebuild your gold reserves legitimately.

>>26209414
You can't pay pms with cash in some EU countries (or only less than 1k €). But anyway boat accident are tragic so all my silver and gold disappeared

>>26209355
Not going to happen, they will Nationalize the mines and taking gold from the people is unenforceable

>>26209600

For Canada to nationalize the miners would be a bad idea; I know that David Brady has speculated that that will happen, but it would give foreign governments legitimacy to nationalize any properties which Canadian miners own abroad. The mining companies are going to be doing so well financially that Canada can simply tax them.

>>26208125
>>26207721
You can always tell a shill by the walls of text and linking to articles

>>26209355
>>26209414
How are they going to enforce it? no knock raids to steal one ounce of gold from people who have bought? It doesn't make sense unless you have 50 ozs+ purchased recently to your current address etc

>>26209720

You're in the wrong thread. This is /pmg/, where people know how to read.

>>26209686
The Canadian Government wont give a shit what their miners own abroad, only what they can take ownership of in their own territory

>>26209720
>1 post by this ID

>>26209866
God forbid I post in a thread for the first time

>>26209836

Again, makes no sense. If Canada nationalized all its domestic properties, then it would have no justification to object if other countries nationalized theirs. Barrick Gold is the largest Canadian gold miner, and this is where its mines are located: "Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia." Most of the mining companies are headquartered in Canada. All Canada has to do is tax them.

>>26209911
yeah thats just racist. now fork over your foreskin goy

Metals Creek is breaking out today, news incoming perhaps? I've been waiting for this!

After the tragic boating accident where I lost all of my collection, I found God and started tithing my new collection each week. When I lost my job I continued to give until there was nothing left. Praise the Lord Jesus may he save us all from this world, Mr. government commissar.

>>26210191
I suspect once biden is sworn in and President biden starts opening his yap we moon. Or democtrats do nothing for 2 years like they did under obama.

>>26198005
Almost have 100oz of silver IM GETTING THERE PLEASE I DONT WANT TO SUCK PENIS

>>26210591
You sure you're replying to the right guy?

>>26210630
My bad, I misread and thought you said metals breaking out today

>>26209949
It seems like nationalization would have to be a coordinated global initiative among every developed nation. I don’t think it would work if one superpower nationalized, but another did not. I may be wrong in my understanding of all of this, though.

>>26210699
Happens to the best of us

For those of you that stack silver do you prefer buying Generic rounds for lower premiums or do you still prefer to buy eagles/maples/government backed rounds at a higher up front premium and what is your reasoning for your choice?

>>26210819
Whatever I can get for cheapies. Other than that I just get what I think looks nice.

>>26210722
Why would nations like singapore go along with this? There will be safe havens for the elite. Elite families own tons of gold.

>>26210722

I always say to keep a 10-25% bullion hedge in case nationalization takes place in every country. Because the inefficiencies which that would bring about, would cause PMs to soar so much that the hedge would compensate for anything lost in the miners. But if people were able to invest in Homestake Mining and make 600% during the Great Depression, I don't see why it should be different this time. The Bix Weir panickers who talk about every private vault being ransacked, every stock market disappearing and every mine in the world being nationalized have no precedent in history for anything they say.

wish I had some money for Scottie today, it's cheap lads

Did you buy CLF?

Have been lurking in /pmg/ for quite a while now, bought my first PMs today. 25oz of silver and 1oz of gold. Seems like a good place to start. Thinking about spending something like €250 on silver each month from now on as a savings account.

>gold
>suppressed by the banks
>bitcoin
>unlimited QE from based bitfinex

>>26210819
I bought generics and traded them for an AGE @ 1:80, then traded the AGE for premium silver(2 rolls of mint-sealed Komsco coins and assorted kooks) at 1:80 ;)

>>26197918
New Vanadium vein discovered in India /biz/fags. Have been shilled since 2018 in private banking and I am into it deep now. Check out the year reports

>>26211324
Bitcoin arguably has redirected half a trillion dollars in demand away from gold. This gives central banks more time to accumulate.

>>26211369

The situation becomes even more significant when you think of it in terms of silver. The annual investable supply of silver is sometimes thought to be as low an amount as $100 million. So you could bankrupt the COMEX five times over with the BTC market cap. Max Keiser had a "buy silver, bankrupt J. P. Morgan" campaign until he turned coat. Could not be clearer what the purpose of BTC is now that the banker-controlled MSM is pumping it daily as "digital gold," and the banks are pumping it on the futures exchanges. And we knew already that the banks were in control of Blockstream, and that Adam Back, the head of Blockstream, is Satoshi. https://www.youtube.com/watch?v=XfcvX0P1b5g&ab_channel=BarelySociable

>>26211668
If that $100M isnt a typo you are off by a factor of 1000. Bitcoin market cap is 5000x times higher at $500B and change. Makes you wonder if Keiser realized what was up and hopped on the bitcoin train since central banks want it to pump but not silver.

>>26207721
except its not a meme, there is countless stories about banks and bullions who stole the gold of peoples, im pretty sure you know its not a meme and say this just to discredit Bitcoin which can be hold by yourself only and be spend more easily

>>26211668
I think you could actually also consider the stereotype that precious metals are primarily an investment vehicle for boomers and geriatrics as intentional misrepresentation of their value. I remember when I was younger, and knew nothing about the economy, that gold was just something that a few old people owned and then it really didn’t do all that much for them. Perhaps that stereotype is still being forced on the market by people with ulterior motives.

>>26205376
That be a 1,000 pack of blowjobs fren

>>26211758
>>26211668

Sorry, I put the dollar sign there by mistake; I meant to say 100 million [ounces], not $100 million [dollars]. We mine about 600 million ounces per year, and some estimates say that as little as 1/6th or even 1/10th of that amount is investable in bullion. But even allowing for 100 million, 100 million x 25 = only $2.5 billion dollars, so a fractional 1/200th of BTC 500 billion mcap.

>>26212106

By the way, this is always a useful image to show how minuscule an amount of silver there is in the world. "You only need 60 ounces to be in the top 1% of silver-holders" is not an exaggeration.

>>26212106
Well, when bitcoin plateaus for a few months you could see people moving profits into alternative safe havens.

>>26212201
UNironically silver is a more likely candidate for nationalization
>We Need silver for missiles.
There is something like a kilo of it in a tomahawk that gets vaporized.

>>26212262
I was wrong. Its speculated at 15Kg or 500oz in a cruise missile

>>26211668
so....is this bullish for BTC price or bullish for gold or both?

>>26198883
how did this meme start
is it really worth buying merc dimes or is it just a joke/meme

>>26199377
all politicians are tyrannical

I took measurements and broke down a few weighted sterling items today. The "Columbia" compote weighed 268g total and yielded 60.2 grams of sterling. The 2 La Pierre candle holders weighed 450g total and yielded 65.6 grams of sterling. $95 melt value, total cost $56.26. Pretty standard margins, nothing exciting but good enough for me.

>>26211976

Most people are so ignorant of Bitcoin that they think that it's some kind of ultra-efficient, superior form of gold. They don't know about the $100 fees and 3-day transaction times in 2017. The exile of Gavin Andresen and Mike Hearn over the block-size debate. The fact that not even 0.1% of the world population could use BTC even on the Lightning Network. If they do a little research they learn that the modern BTC shills are now promoting a "store of value" narrative, and say that BTC isn't meant to be used as a currency. But there is no value to store; the currency aspect was the only place where value ever could have lied. Meanwhile, most people also don't know that we already have real, not fake digital gold, which truly can be used as a currency. >>26207721 So BTC serves absolutely no purpose. Not a store of value, not a digital currency. And yet gold is both of those things. When moonboys and naive boomers say things like "Bitcoin is the future, you can't make everyday transactions with gold or send it overseas" the ignorance simply beggars belief. The truth is directly the opposite.

>>26212768

BTC might go up or might plunge to zero in the short-term, but in the medium to long term it is undoubtedly going to zero, because it will serve no purpose when the dollar gets dumped and the world goes back to gold.

>>26212768
Whatever it is, it's not bullish for fiat

>>26212814
For me it's a meme, the premium is way to high, I prefer bigger junk (like LMU junk, 25g coins) or recent coins (like leaves, eagles, philarmonic, kangaroos, etc.)

>>26213028
read my prev post >>26211781

>>26213238
i would add that BTC is protectable forever since you can memorize seed phrase, not your gold

>>26213028
How centralised is all of that though? Sounds like its relying on centralised private businesses, and would at the behest of a government lock you out of your gold the second they deemed it appropriate to do so.

I feel like you are being disingenuous skipping over the whole decentralised nature of crypto and how innovative it was to solve the double spend problem.

Gold money is based on Canada, do you really trust them to keep your gold safe when Trudeaus tranny goon squad starts kicking down doors and confiscating metal?

frens, I have 10150 shares of Bayhorse up for sale (AON) limit $0.0799, please buy

>>26211781
>>26213238

Switzerland has never confiscated gold. If you hold your gold in Switzerland, there is no reason to think that you'll ever lose it. It would also be an utter disaster for Singapore, Dubai, and a number of other nations, which rely on international commerce, to confiscate gold. Even in 1933, holding overseas bullion was never outlawed. Also, mining stocks have never been confiscated. During the Great Depression, Homestake Mining, the ancestor of Barrick Gold, went up 600% at the same time as the stock market was going down 90%. We didn't hear anything about gold confiscation in the 70s and 80s, when the dollar was collapsing and nearly died.

>>26213306

Somebody can torture your seed phrase out of you in ten minutes. All they need is a drill. You can also lose it to memory loss or dementia, or lose your coins if you have a keylogger on your computer or make a mistake in making a transaction. There are no such risks involved in holding gold in an overseas vault.

>just to discredit Bitcoin which can be hold by yourself only and be spend more easily

BTC cannot be spent easily. I can send any transaction on Kinesis, instantly, for a meagre 0.22% fee. If I want to buy a $1 cup of coffee with Bitcoin, I'll soon have to spend hundreds of dollars in fees and wait for days. And that situation can only get worse as Bitcoin is more widely adopted. The 1mb block size cripples it.

>>26213417

Crypto isn't decentralized. BTC, because of the 1mb block size, is completely controlled by Blockchain. You _have_ to use their second layers, which track and trace everything you do. BSV has tried to solve this problem by raising the block size. But what that has done is cause the hash to be controlled by only one entity, Calvin. So BSV is a centralized dictatorship. Gold can be held in multiple vaults, multiple countries and gold-backed cryptos can be run by multiple different companies. So gold-backed crypto is the only way to get a true decentralized crypto.

>>26213545
>Bayhorse

18 FUCKING DOLLARS

>>26213545
sorry im spent for this month
also please delete that image

>>26204301
that's more like asset management, with sums of that large, you are more like protecting your fortune from inflation. Whereas a middleclass guy who wants to make it will have to use some more speculative investments to beat the market.

>>26213675

>Blockchain

(Meant to write Blockstream.)
>>26213545

Funny, selling your Bayhorse shares at an all-time low just when the company announces that it is is producing more silver per annum than Impact Silver does, even though it has 1/10th the market cap.

>>26213882
buy high sell low, I see nothing wrong here.

Also vangold unhalt next week, can't see how high it shoot. GV is pumping it like crazy and his following will buy it no problem.

>>26213882
Just reduced to $0.0790

>>26213963

Yes, I don't doubt that Vangold is utterly going to soar on the merits of the El Cubo deal, and of course GV has jumped in at the last moment and put it in his "biggest section". I expect to see GV chasing Bayhorse Silver next, but only after it has already gone up 10 times.

shill me some silver miners.

>>26198141
yep just reading these results, now there getting somewhere.

Bit of coffee break news from the Triangle today boys!

Skeena Resources Intersects Thick Intercept Grading 9.12 g/t AuEq over 49.60 metres within the 21C Zone Development Buffer at Eskay Creek
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/787-tsx/ske/91413-skeena-intersects-thick-intercept-grading-9-12-g-t-aueq-over-49-60-metres-within-the-21c-zone-development-buffer-at-eskay-creek.html

Etruscus Resources Samples 7,013 g/t Silver, 12.7 g/t Gold at Newly Discovered "Thunderstruck" Target at Rock & Roll
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2681-cse/etr/91355-etruscus-samples-7-013-g-t-silver-12-7-g-t-gold-at-newly-discovered-thunderstruck-target-at-rock-roll.html

>>26214206
Bayhorse fren, 10150 shares dirt cheap

>>26213028
>They don't know about the $100 fees and 3-day transaction times in 2017. The exile of Gavin Andresen and Mike Hearn over the block-size debate. The fact that not even 0.1% of the world population could use BTC even on the Lightning Network. If they do a little research they learn that the modern BTC shills are now promoting a "store of value" narrative, and say that BTC isn't meant to be used as a currency.

Based as always smallcapanon.

When did the extremely valid concerns about the obnoxious transaction times/hashrate and mining fees get whitewashed by the idiotic "muh 2017 FUD" goalpost-moving recategorization of BTC as now being a "store of value" instead of the currency it was created to be?

Was there a deep pocketed crypto PR think-tank that generated then shilled that new bullshit narrative? It doesn't seem organic at all, I suspect some rich whale-wallet market-manipulators are responsible but have no evidence, anyone have insights about the disingenuous narrative-shift?

>>26213545
>butthorse holder
Enjoy your 1¢ stock

>>26214394
Grayscale ran the whole drop gold ad campaign. They get 2% fees on that bitcoin fund or something.

>>26214394

I used to believe the narrative that BTC began pure, and then was corrupted by Blockstream. The idea that Satoshi was a well-meaning person who wanted it to be digital cash, but then had his project ruined by the banks. But I don't believe that any more. I am 100% convinced that BarelySociable is right when he says that Satoshi is Adam Back. >>26211668 So BTC, for me, was a scam from the beginning. They always intended to keep the block-size low. And of course we know now, from BSV, that, even when you raise the block size, it causes a cryptocurrency to be completely centralized as well, simply in a different way (the hash, not from second-layers). So crypto is inherently broken. There is no answer to the block-size problem.

>>26214416

People who doubted me about Vangold and Klondike are going to get the shock of their lives when they see what happens to Bayhorse soon. You're talking about a safe-jurisdiction high-grade silver mine with 6 million 21 oz/t silver ounces and all the necessary permits and infrastructure to produce 1.2 million ounces per annum for $30 million in revenue, which is 3x its current mcap. The most undervalued silver producer in the entire world.

>>26214628
Its not that I don't trust you, its just against my principle in life to touch anything debt-heavy. I never touched debt, I will never invest in a company with more than 33% debt compared to their cash/equity. That's just how I goes but that doesn't mean BHS is a bad company per se. I did dump 1k as a poorfag into vangold at 0.25 CAD after all.

>>26214628
>People who doubted me about Vangold and Klondike are going to get the shock of their lives when they see what happens to Bayhorse

OK, cancelled my sale order, will wait for moon mission

>>26214998

I know that IPT and DV are debt-free with a lot of cash, I think that BLLG is debt free but not certain. TK is debt free with a lot of cash but the CEO pays himself an obscene salary.

>>26215294
Yep, thats why I went heavy into VGLD and IPT already. Have a small position that I will grow in the next few month in BLLG and CCW. My priority is IRV and LIO. DV will have to wait for summer. Yes I saw how Tinka CEO pay himself, fuck him and fuck Great Panther about their diversity women bullshit too.

Just bought 500 shares of both DV, Impact and have an order for 1500 of Blue Lagoon waiting to be filled.

Will order some AG soon.

>>26214628
>Vangold and Klondike
they're not doing well though?

>>26215593
their stocks that is

>lcs closed until q2
>junk silver out of stock online
I want that constitutional

>>26215593

I said to buy KS when it had a $10 million mcap, it went as high as $75 million so that's over 7x. I told people to start selling when it got over $40 million. I told people to buy VGLD when it was under half its current price; it recently made one of the best deals ever done by a junior mining stock is going to soar to multiples of its current price once it get unhalted. Read the ceo.ca chat if you don't believe me.

https://ceo.ca/vgld

>>26215593
vangold is doing well but trading has been halted for like the past 3 weeks. it will pump when it resumes

>>26213178
yea i bought some and it was about 2$ per coin, i prolly got fucked in premiums

Bayhorse actually producing and young production is exactly what I was waiting to hear. I'm seriously tempted to dump like 10k into them. At even 150 tons per day once silver hits $30 they will be making mint. Imagine if silver goes to $50 or $100

>>26216045
*Starting production. Stupid phone.

>>26200746
who said anything about procreation my mayne

>>26202075
Enduro CEO has been buying at open market for months now.

>>26216045

I realised today that some people in the thread yesterday were confused about the BHS production numbers. I got into a debate with an anon and he said here

>>26146595

"They should be able to get 200tpd no? Under 10tpd is a joke!"

I don't think he realised that it's 10 tpd of concentrate, not ore. 10 tpd of concentrate per day is 150 tpd of ore. I thought his criticism was that the production was 150 tpd instead of 200 tpd and then quoted an e-mail by Graeme O'Neil where he said that he needed financing to attain full production. >>26147022

People who are interested in learning the case for BHS can read my posts in that thread. As I said there, they have the capacity to produce 1.2 million ounces per annum, which is double what Impact Silver produces, and yet their mcap is less than 1/10th that of IPT. As soon as Graeme O'Neil proves that he is selling silver, this is going to be the best silver investment ever. The only danger is either some kind of black swan (like a mine collapse) or that O'Neil turns out to be some sort of abject con-man, which I find to be highly unlikely. Otherwise, why are so many respectable people working on the project? >>26149074 Why do people like Bob Moriarty or Vaughan, the head moderator of ceo.ca like BHS?

>>26216045
they also just abandoned ship at Harrison Lake, which probably frees up a few staffers involved for their main Bayhorse mine.

>>26216354
didn't they just double back on that gold property they purchased? Waste a whole bunch of time and money they didn't have

>>26215784
The more I explore microcaps on CEO.CA (and bring them to PMG's attention for feedback, which you and PAN MAN always graciously provide), the more it seems like just beefing up current positions instead in stocks like DV, CCW, IRV, SVE, SAND, etc. is the smartest thing to do. These companies accomplish the double goal of being both "safe" (as a junior miner can be) and also highly undervalued, without going into 5m market cap drill plays and project generators. Can't get too risky.

Hoping you guys can help. Did some research and dropped some money into turquoise and endeavor on January 4th. Down about 20% on both investments. Projections are saying that maybe I’ll break even by eoy. If that is true, I’d rather take the 20% loss and reinvest it elsewhere. But there is a part of me that says silver and gold prices are coming back so why wouldn’t the miners do that much better? Especially with the US printing money like it’s nobody’s business...

>>26216452

It doesn't matter, cutting Harrison Lake free was a good thing. I understand why the CEO got involved with that, because he didn't want to be a "one-trick pony," but he listened to the criticism and that is good enough for me. Doesn't change the fact that BHS can make their entire market cap three times over in a single year. There is no silver producer on earth which is so undervalued.

Is this worth anything guys? All I know is it was my grandfathers golf trophy that we received in the 50’s

>>26214504
>>26214628
Thanks anons!

>>26216609
Appears plated to me, but you need to look at the markings on the back/bottom side for a more definitive answer.

>>26216521

I did recently put some gambling money in a little $5 million mcap stock called First Energy Metals after I saw all the insider buying, but other than that I am simply doubling down on the same old stocks. It is disheartening to see even "core" silver stocks like DV and IPT going down, but I am convinced that all this is simply temporary noise. When we get over $30 silver none of this will matter any more, and everybody who held their miners over the past seven months will be amply rewarded for their saint-like patience.

>>26215768

>>26216521
http://www.kereport.com/2021/01/19/enduro-metals-updates-from-the-newmont-lake-property-in-the-golden-triangle/

Im gonna leave you with this one from today

>>26216354
Yeah, I was just running number at 700 000 ounces a year and at $30 and assuming they start trading at a normal 10x revenue stream, the numbers are mind boggling. If silver goes to 50 or 100 AND we get 30x revenue miner fomo.....I can't even....

Anons, I saw this in the paper. Any numismatic experts think it’s worth the 3x spot price in hopes of rare Morgans in good condition?

I've been hearing from some people that the dollar will collapse and gold and silver will rise in value the question is how soon will it im still in hapless stacket tier pushing my way up to pirate do I still have time I don't want suck cock for Mercs lol

>>26198883
gonna assume youre a phone posting savage
here's the original

>>26216202
>who said anything about procreation my mayne

degenerate

>>26216995
im glad i never had kids
in 20-50 years everyone will be living like slaves under tyrant boots

>>26216903

Yes, this is what people don't realise. They don't read behind the Stockhouse whining or ceo.ca fud of the jaded old bagholders and actually look at the numbers. I get excited about Great Panther producing at 4x cash flow and yet here is a stock trading at 1/3rd of what their cash flow can be during the entirety of this silver bull market (10 years), presuming that the ceo isn't a complete con man. But I don't think that a con-man would have so many respectable people working with him, or take the time to speak to investors on the phone, or get things so far along (resource estimate, ore, ore-sorter, off-take purchase order, etc.) and then falter at the last moment. If I am correct about this stock then swapping my Klondike for it is going to turn out to be the best trade I ever made.

>>26216748
Damn thanks for the info, just checked. Ep brass. That’s a total buzzkill, thought I had a bunch of silver, what I have is a bunch of junk! Into the trash she goes.

>>26199264
Most platinum miners. I bought 1 once at about 1100 when spot was 900 for the collection ages ago. Its very hard to sell as a heads up

Whose baking the new bread

>>26217123
Interestingly, Michael Oliver on Palisades recently said that this PM bull market may be much quicker in duration than previous bull markets. He said that he sees it lasting only a few years instead of a decade or more. I know this does not match your prediction, but still interesting to learn differing opinions and perspectives.

>>26217282
>Into the trash she goes

Not sure if you have the space or patience, but brass (copper and zinc) is a decent scrap metal and worth piling up to sell to a scrapyard especially if industrial/base metals prices keep going up.

>>26213675
sadly the risk is here, i dont want to trust somebody else to keep my money, they unpegged their currency for information.
for the torture, well they cant torture all the population and it becomes sci-fi at this point, if you use an airgapped pc rebooted there is no risk, now you are talking about being spendable then i play you the card of store of value and not the everyday currency.

> BTC, because of the 1mb block size, is completely controlled by Blockchain.
dont make any sense
for privacy there is Monero

to conclude there is no better value brought by gold than Bitcoin

>>26217654

It all depends on whether the dollar collapses or not. My contention is that it will, because we can see China and Russia positioning themselves for such an event. Also because we can see that there is absolutely no way out of the debt-trap at this point. If Oliver thinks that the system might collapse completely within a few years then I'd agree with him. When I say ten years I refer to the miners, because the PMs will reach their plateau shortly after the system itself collapses, and I don't see it lasting very long. Alasdair Macleod is saying that it might all fall to pieces even in 2021.

>>26213882
>Blockstream
well its obvious its going to be more decentralized as it grow in size...

>>26206128
Hecla.

>>26217741

>to conclude there is no better value brought by gold than Bitcoin

There is no value in Bitcoin. That's the trouble. No intrinsic economic value. That means that no nation-state will ever receive taxes in it or accept it in exchange for goods and services, e. g. in exchange for oil. All the central banks are hoarding gold to be money again after the reset, not BTC. That means that BTC (as not being money, its sole use-case) will serve no purpose after fiat collapses and will immediately sink to zero in terms of gold.

>for privacy there is Monero

Monero is an extremely niche currency and always has to be cashed out in the end, thus defeating its purpose. Gold is the ultimate privacy-coin, because you never have to cash it out. You simply pass it from hand to hand. Whether Monero justifies its $2 bn. market cap is dubious. I'd rather buy First Majestic Silver for that price.

>they cant torture all the population

It wouldn't be the government torturing you for your keys in a Bitcoin world, it would be other people. It would be like living in a Cyberpunk game where you have scavengers kidnapping people for implants, except they would be doing so to get keys out of you.

>>26218058
https://twitter.com/TheGoldAdvisor/status/1351599101717094400

>>26218179

Thanks, interesting to see this favourable opinion of BSR. Jeff Clark is Mike Maloney's friend and top analyst.

>>26218058
>There is no value in Bitcoin. That's the trouble
well gold isnt more valuable than wheat if it wasnt for the faith people put in, just like BTC.

>Monero is an extremely niche currency
in the deep web its quite democratized + will tend to be more and more as people knows about it, who doesnt want privacy ? so adoption means rise in price, but funny how you quickly target the price when i never said anything about that concerning monero, chill man we are just speaking.

>It wouldn't be the government torturing you for your keys in a Bitcoin world, it would be other people

how would they know who holds it ? and then it could potentially be done with gold too, supposing you hold on a switzerland bullion, you manage it trough a website for many, the process would be easy

MY PORTFOLIO WENT DOWN $2

I'M FINANCIALLY RUINED WHY DID I LISTEN TO /PMG/

>>26218272
I dont see the real appeal honestly beside the fact they will go into production. Is it just juridiction ? I mean, there is plenty of company that produce with this Mcap even with their good grades.