/PMG/ - Precious Metals General

[PAN MAN No.26973572]

SS Central America Treasure Edition

>Why Gold?
https://www.youtube.com/watch?v=i3S4rl6ehiI
https://www.youtube.com/watch?v=gksenA5Al_A
https://www.youtube.com/watch?v=FI7NnOg2rxo

>Bullion dealers
https://jmbullion.com/
https://sdbullion.com/
https://boldpreciousmetals.com/
https://bgasc.com/
https://www.moneymetals.com/
https://monumentmetals.com/
https://goldenstatemint.com/
https://silvertowne.com/
https://schiffgold.com/
https://goldsilver.com/
https://pinehurstcoins.com/
https://sprottmoney.com/
https://goldsilver.be/en/
https://silvergoldbull.com/
https://www.goldeneaglecoin.com/

>Constitutional/"junk" silver info
https://jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
http://coinflation.com
http://coinapps.com/

>Compare
https://findbullionprices.com/ (US)
https://eu.compare.pm (EU)

>News
https://kitco.com/
http://silverseek.com/
https://mining.com/

>Bullion tax info by state:
https://apmex.com/state-sales-tax-information

>Prospecting
https://www.youtube.com/watch?v=ZCL6FKQZyoM
https://usgs.gov/energy-and-minerals/mineral-resources-program/science
https://gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
https://mndm.gov.on.ca/en/mines-and-minerals/mining-act
https://amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
https://www.youtube.com/watch?v=3mg9YcAShTo
Magnets
https://www.youtube.com/watch?v=NgSXg-WOEVY
https://fakebullion.com/index.php/resources/fake-bullion-database
https://fakebullion.com/index.php/resources/identifying-fake-bullion

>EU/ENGLAND sources
https://www.chards.co.uk/ [Much cheaper than BullionByPost]
https://goldprice.eu5.net/ [Website to compare gold prices for UK]

>Russian/European coins
https://oldsilver.ru/

>Relevant information regarding mining companies
https://pastebin.pl/view/fddd4572

Previous Thread:>>26960158

[PAN MAN No.26973719]

There fresh bread baked, now to bed on my end, night all!

[Anonymous No.26973812]

Night Panman.

[Anonymous No.26973822]

>>26973572
Predictions for tomorrow? I'm guessing another 20% bump for AG and silver closes over $27

[Anonymous No.26973873]

There are A.I on here, who knows your clock might be watching you. Either way Silver

[Anonymous No.26973922]

butthorse haha

[Anonymous No.26974045]

>>26973822
>I'm guessing another 20% bump for AG and silver closes over $27
Don't know enough about AG to make a prediction about it, but I'd be willing to better Silver breaks $27 at least for a few hours.

[Anonymous No.26974062]

YOU REDDITFAGS ARE FUCKING RETARDED AND HAVE NO IDEA WHAT THE FUCK YOU ARE DOING YOU THINK YOU ARE GOING TO MAKE IT THROUGH THE GREAT COLLAPSE WITH A FEW OUNCES OF SILVER AND SOME PAPER? YOU COULD HAVE BEEN QUIETLY STACKING BUT NOW YOU'VE BROUGHT ABOUT YOUR OWN DOOM SOONER THAN YOU NEEDED TO

[Anonymous No.26974092]

Summoning Astro map anon
can you post some asto map info?
i would like to see this Astro map stuff

[Anonymous No.26974165]

Should I buy 1 kilo of silver rn? I'm here for at least 2.5 years and I'm gonna buy digital silver because I dont't want to pay too much on premiums

[Anonymous No.26974168]

>>26973572
>>26974062
yeah

[Anonymous No.26974325]

>tfw waiting for coins to come in the mail

[Anonymous No.26974445]

>>26974168
Why isnt that captain Jewish?

[Anonymous No.26974603]

>>26974045
I'm basing that 20% purely on the half baked meme energy behind it

[Anonymous No.26974607]

Whenever I hear the Asteroid mining FUD I wonder what the Gold ore formations on the moon are like. It's unlikely we'll ever mine the moon or asteroids in this century, but I always wonder the Moon's interior geology is like. Asteroids are just floating gravel heaps while the moon has actual structure and had more complex processes occuring.

[Anonymous No.26974828]

>>26974445
How do you know he's not?
Also, I'm pretty sure the slave merchants weren't driving their own cargo, they could easily outsource that job.

[PAN MAN No.26974853]

>>26974607
before i sleep, there not great. The moon hasnt been active enough to generate near surface ore bodies and most would be near its core.

[Anonymous No.26974884]

going big on AG tomorrow.
should i queue for open or set a limit buy?

[Anonymous No.26974942]

>>26974607
tfw not exploring caves on the moon

[Anonymous No.26975067]

>>26974884
I think I'm going to put some money in Kinross and AG tomorrow, might wait and see how they are doing when the market opens or premarket.

[Anonymous No.26975170]

>>26974853
>The moon hasnt been active enough to generate near surface ore bodies and most would be near its core.
I wonder how deep we could dig on the moon since most of its interior is solid.
I suppose lunar mining will mostly be simply gathering meteorites from the surface given the bad geology and how much time and money it would take to reach good ore deposits.

[Anonymous No.26975383]

>>26974607
We're still in early steps of space exploration. Comparing to exploration of America, we aren't even at Christopher Columbus stage. If space gold rush ever happens it will well after setting first space colonies like California Gold Rush happened in America.
Most of the moon gold is probably located in its core so it won't be viable for mining in foreseeable future.

[PAN MAN No.26975593]

>>26975170
the moons deeper reaches are a lot cooler than the earths due to a lot of different things, but it would still only be probably maybe 20km before things get to hot to operate. We could never build a mine that deep on earth, or at least I dont think we could. The best ore would likely be surface dust carrying pms from impacts and maybe some minor VMS style geology near ancient dead volcanics. The moons also got a ton of helium on its surface so that would also be a nice commodity to operate on. The best gold and silver on the moon though would likely be out of human reach without 40k style tech to just up and eat the world entirely.

[Anonymous No.26975693]

>>26974607
>>26974853
>>26975170
>>26975593
Are you guys implying that anyone has ever stepped foot on the moon to begin with?

[Anonymous No.26975819]

>>26975593
The moon has lower gravity meaning tunnels are pretty easy to dig up and if you're in the shade it's really fucking cold.

[Anonymous No.26975884]

>>26975693
Of course not, it is impossible to go through the firmament. Space as you know it is fake.

[Anonymous No.26975916]

>>26974607
Probably mostly in the interior. I remember hearing once, and the number might be off, is that if Theia had had a radius 1/3 greater the collision with earth would have shattered it to pieces.

[Anonymous No.26976062]

Should I buy silver coins now or wait for the weekend? Somehow they are more expensive today than yesterday

[Anonymous No.26976245]

Hey Anons, I want to buy options on the open for $AG, do I just find an option I like and set the purchase price to the lowest Ask price? Will this guarantee me a buy if the price moons tomorrow?

[Anonymous No.26976295]

For this silver thing to actually take off like GME did we need someone to do a real DD of silver for WSB. We need to ally reddit and work together that's the only way to pull this off. So far all threads in WSB about silver have been about SLV which leads to absolutely nowhere since it is owned by JPM and the banks and therefore can never cause any sort of squeeze in the market. They can always settle in cash and just print more SLV shares without backing since there is no delivery mechanism outside of the big banks. I am afraid that with the way things are going and the SLV shilling will lead to a lot of disappointed retail bagholders as nothing happens and they just buy SLV and finally it dumps with silver as it is only paper and the exact thing we are trying to bring down. Silver squeeze should be thought of as a bank run on a extremely leveraged physical market more than a short squeeze on SLV. Someone needs to make this case clear. The potential is there for a phenomenal bull run. Also I've noticed that reddit is suspicous of this proposed silver squeeze because anything that is not GME is viewed as a distraction by the banks and hedge funds. In other words one needs to proceed with caution and only after whatever happens with GME is over. Not try to force this while everyone is preoccupied with GME.

[PAN MAN No.26976333]

>>26975819
its less this and the incredible heat you deal with the deeper you go. Even a dead planet still has a lot going on below the surface. Here on earth, the deepest we have gone is 5km, and miners can only operate down there for 20 minutes at a time, with ice delivered to them every shift change to put in their water bottles. Pressure is also a factor at those depths. In some deeper mines I ve been in, rock face pressure is insane, a rock shooting off from the face or back could do serious damage. Imagine operating a space mine and suddenly the machine your running from station is dead because a chunk of rock went and broke something flying off at mach 2. Mining machines dont like operating in those crazy temps either, just because your in space wouldnt mean these issues vanish.

[Anonymous No.26976408]

>>26976295
How to coordinate this? Being we are on a Flat Earth and all.

[Anonymous No.26976413]

>>26974884
i'll be buying AG when the market opens

[Anonymous No.26976423]

>>26976295
Will PSLV rise quick with AG? I know AG will skyrocket quicker, but yea.

[Anonymous No.26976678]

>>26976245
The volatility is so high that the premiums will be stupid on anything that isn't near the money. And it would not take much to be IV crushed.
>>26976413
>buy at open
Eventually everyone learns by being burned.

[Anonymous No.26976701]

>>26976678
So when to buy?

[Anonymous No.26976838]

>>26976701
on the up slope after 2nd dip of the day

[Anonymous No.26976878]

I made 5k with the make believe 100k etoro gives you in virtual mode. I'm pretty good at this whole stock thing now I think.

[Anonymous No.26976917]

>expecting pm's to shootup this year
speaking as a heavy stacker here; why would pms see an improvement when Biden is about to print trillions upon trillions of dollars? doesn't make sense to me lads. imo if anything happens, it'll be 2023 and after.

[Anonymous No.26976979]

>>26976408
Someone should prepare a really thorough DD on the silver market, someone like silver miner anon who knows this shit and is excellent at articulating. This DD should be unleashed on WSB by an account that is not new so it doesn't spark suspicion of outsiders. And finally and most importantly, only after whatever happens with GME is over. So that this silver thing is not competing with GME and we are not the enemy. We are simply the next great play.

>>26976423
PSLV should rise with physical silver as it is actually backed. It's impossible to say what gives greatest gains if silver really starts this massive run to triple digits and quite frankly I don't care too much at that point since we all will be rich.

[Anonymous No.26977044]

>>26974607
the thing with asteroids is a couple of them are made from the cores of destroyed planets, so they have all that metal but none of the gritty bullshit to dig through.

they're not pure gold or platinum or silver or whatever, but they're about as rich as some of our mines here on Earth. The moon probably doesn't have that because it's never been big enough to be very hot or geologically active. But asteroids were. Either way we're a few hundred years from mining asteroids or the moon. If we survive that long.

[Anonymous No.26977134]

>>26976917
>it'll be 2023 and after.
this is probably accurate. PM's spiked a solid 4 years AFTER the recession and stimulus of 2008-9

[Anonymous No.26977169]

>>26976917
>when Biden is about to print trillions upon trillions of dollars
That's thy reason why they will improve.

[Anonymous No.26977272]

>>26976245
bumping for answers to this

I wish to do the same.

[Anonymous No.26977351]

>>26976295
Will just buying physical silver be fine? Been meaning to start a pile mainly for savings.

[Anonymous No.26977391]

>>26976701
End of day. Daytraders have to close positions then and so that sell pressure helps with the buyin price typically. Some people do the "Lunchtime dip" at around 11-12 NYSE time
>>26977134
I think the argument goes that the silver dip, temporary silver supply disruptions, and speculation later in the year "replaced" the supply lost from industry. If fund demand continues and industiral demand returns and even increases that this would be secular bullish tailwinds in 2021.

[Anonymous No.26977403]

Fool's gold.
Stay stuck with this boomer metal.

[Anonymous No.26977409]

>>26976295
There's a thread on /pol/ right now about silver
>>>/pol/305605074
There's a few infographs, and screencaps but there's also a lot of great points in there like that Silver is being used in production of electronics at 16x the rate it's being pulled out of the ground. This silver is not recyclable at current prices.

You can pretty quickly put something together to blast into the normieverse on the values of silver. I would help but I have to go.

[Anonymous No.26977435]

>>26977272
I'll wait for the afternoon dip to buy in. It's gonna be fucked by premarket.

[Anonymous No.26977533]

>>26977351
Yes physical is the best thing to buy to actually impact the market because the market is extremely leveraged similar to fractional reserve banking. For every physical ounce in the market there is like 100 (don't remember the exact number) paper claims.

[Anonymous No.26977535]

>>26977435
>It's gonna be fucked by premarket.
how?
brainlet here
Can you explain all of this to me. I want to time this right so I don't get fucked.

[Anonymous No.26977709]

>>26974607
No water means no streams means no sedimentary layers that can concentrate large amounts of gold. Titanium mining on the moon is much more plausible.

[Anonymous No.26977757]

>>26977409
I think silver spreads a lot easier to /pol/ since they are more critical about everything around them and also hate the establishment and banks for the most part. With silver you can save in real money, not in these paper bank notes and also you can do real damage to the paper shorts if enough people pile in. It's a different story with reddit though. Getting them on board is probably a lot harder and especially making the case that silver is not SLV and that SLV is actually the problem.

[Anonymous No.26977798]

>>26977535

[Anonymous No.26977867]

>>26977391
that's pretty much what I saw.
Mines shut down in fall of 08 for lack of credit
they re-opened by 09
production dropped because industrial demand died
by 10 industrial demand was approaching normal and mines were hitting capacity
by 12 we saw a bounce in consumer spending, industrial demand, but not mine production. A perfect storm for increased metals prices. Also excess dollars had time to drive inflation to levels that affected commodities markets.
I expect the same this time around, except the inflation and the demand should be much larger because the falloff was a lot bigger.

[Anonymous No.26977945]

>>26977798
It went up like crazy on the open yesterday. what makes you think it wont do this again?

[Anonymous No.26978004]

WHAT WAS THAT!? Is Silver about to do a Gamestop short crunch????

[Anonymous No.26978053]

>>26976295
Silver is up 4% right now

[Anonymous No.26978102]

>>26978004
a gme crunch would put silver around $4000 per oz peak, based on percents increase in GME

[Anonymous No.26978250]

>>26978102
I don't think WSB and 4chan would have the kind of coordination to pull it off. Isn't all the shorts held by JP Morgan?

[Anonymous No.26978286]

>>26978053
>>26977798
So do I order silver right now or wait until tomorrow?

[Anonymous No.26978342]

>>26978053
It's a start for sure but we need to keep the momentum going. 4% is absolutely nothing compared to GME so not many people will get excited by that.

[Anonymous No.26978384]

>>26978250
there's not enough money in both boards to do it, nor is silver being shorted nearly as much as GME was.

I don't know who owns silver shorts. I doubt the JPM holding the price down story though.

[Anonymous No.26978411]

>>26978342
Fuck it im buying 5k worth now

[Anonymous No.26978632]

>>26978250
Yeah JP Morgan at any given time is shorting the fuck out of silver, it is the most shorted asset in the world with the intent of keeping the price stagnant and discouraging holding.
JP Morgan just sits back on their 120M ounces. Price rises they short more and the price goes down, price goes up they short more. They got caught with their pants down last summer and had to deliver on 30M ounces. The DOJ wouldn't dare stop this racket.

The point is that Silver should be worth around 1/10 of whatever gold is worth and silver actually has more practical usage than gold.

[Anonymous No.26978637]

>>26978250
The amount of new money required to cause havoc is actually very small. That is why silver is unironically the best play after GME. Yearly market cap of silver is at current prices only about 25 billion. That is absolutely nothing. Keep in mind that most of that is also consumed by industry so the market for investment silver is significantly smaller, in the ball park of 10 billion. It's a ridiculously low number for a global market and is easily moved by retail if people start seriously stacking.

[Anonymous No.26978716]

>>26978632
>Silver should be worth around 1/10 of whatever gold is worth and silver actually has more practical usage than gold.
this is true but it could mean gold should be worth $200/oz just as easily as the opposite.

[Anonymous No.26978772]

>>26978632
Kind of glad silver isn't 1/10th the price. Computer component costs would go way up.

[Anonymous No.26978837]

>>26978716
>gold should be worth $200usd/oz just as easily
No. The mining costs of gold hover around 1k/oz. There would be no production at 200/oz, it is just impossible.

[Anonymous No.26978886]

>>26978102
JP Morgan would NEVER allow silver to go above 30$ per ounce.
They wouldn't want people getting too excited :)

[Anonymous No.26978900]

>>26978384
>nor is silver being shorted nearly as much as GME was
This is objectively wrong. Silver is the MOST shorted asset in the world and has been since the 80s keep the price stagnant. At times shorts can get up to 2500%. There are literally times when a years worth of production will be dumped into the market to keep it from rising. It is and has been a non stop racket to discourage holdings of precious metals by the banks and governments.

[Anonymous No.26978976]

>>26978837
>There would be no production at 200/oz, it is just impossible.
except most gold is byproduct from copper mining and costs essentially nothing. The only reason production costs are so high is because the high price allows it.

if the price dropped to $200 production would be cut in half, because gold mines would go out of business. But gold mines only produce half of the world's gold. The other half comes from copper and lead mines.

[Anonymous No.26978979]

>prices going up
>haven't got my stack ready yet
>need to wait until next week for my salary

[Anonymous No.26979007]

>>26978886
There comes a point where JP Morgan gets short squeezed. The peak in 2011 was a short squeeze.

[Anonymous No.26979060]

>>26978886
>>26978900
never see any stats on that, but perhaps you're not lying.

it is a fact that paper trades well in excess of inventory, but that doesn't mean all that paper is shorts.

[Anonymous No.26979080]

can we tell reddit to wait a few months before shorting silver? im a stacklet and need more

[Anonymous No.26979140]

>>26978979
Pull out capital on credit cards, fuck the banks.

[Anonymous No.26979196]

I love SILVER!

[Anonymous No.26979216]

>>26979080
I think regardless of what happens there will be the mother of all slamdowns at $29 since that is the top of the ATH from last year. After that memesistance levels only start showing up in the mid to high 30s and that would be a lot of momentum.

[Anonymous No.26979307]

>>26978976
Even so this completely ignores supply and demand aspect which fundamentally sets the price. Gold is money and with the current money printing by all governments, negative yielding debt and unserviceable debt it is no wonder that there is a lot of demand for gold. Who wants to hold paper money or negative yielding bons during a time of currency devaluation? Considering the fundamentals and supply and demand current gold price makes sense, I'd say it's even heavily undervalued and $200/oz is a joke.

[Anonymous No.26979329]

>>26979216
there's no particular reason for the market to balk at $28, it's nowhere near ATH

[Floor stacker No.26979348]

Silver is absolutely unstoppable.

Do not underestimate the power of collective positive thought. This shit will EASILY reach 1000 per ounce.

[Anonymous No.26979401]

>>26979348
>1k/oz
god i fucking hope so. Maybe then I'd finally make it...

[Anonymous No.26979413]

>>26979307
>Even so this completely ignores supply and demand aspect which fundamentally sets the price.
true, but again gold has almost no industrial use, so the demand is psychological. Psychology is more likely to fail than industry. Though they are related.

[Anonymous No.26979465]

>>26979401
At that point a gallon of milk will be $50

[Anonymous No.26979530]

>>26978286
Buy now what are you waiting for? The new world isn't waiting
>>26978342
4% in a single day is huge for commodities

[Anonymous No.26979544]

>>26979060
Here's a chart showing that it is the most shorted commodity. I'm trying to find the chart showing shorts peaking at 2500% of production.

[Anonymous No.26979565]

>>26979329
Paper trades are done by algos programmed by autistic hedgies that use memesistance levels as part of their algorithms. They also always have a desire to "fill the gaps"
Since spot is still driven by COMEX that will be a for sure time to get silver on the cheap. Maybe the last one.
Long term, longs standing for delivery crushes all shenanigans. And that comes from people buying it up at every level. Eventually the bullion banks will have to exit or start losing their own inventory when they know they can get a higher price by longing it instead.

[Anonymous No.26979678]

>>26979413
Psychology has been on the same side with gold since we learned to farm and started building first cities around 10 000 years ago. I'd go with the track record. When ever there is currency devaluation or some other fear factor. People turn to gold. It's hardwired in us. You saw it in march. Paper gold price dropped but then suddenly all local dealers were out of product for weeks or even months. My local dealer was out of business for over a month as people hoarded all the gold they could possible get and trust me they didn't care if it was 1500 or 1600 an ounce they just wanted real wealth, real money.

[Anonymous No.26979702]

>>26979465
We can only pray, let it fucking burn to the ground.

[Anonymous No.26979715]

>>26979465
maybe, but it wouldn't be sustainable and paper money would be worthless. That would essentially be 1929 all over again and i feel like having precious metals would put you in a much better position

[Anonymous No.26979736]

JPM will punish us on Monday

[Anonymous No.26979752]

>>26979544
that shows 50% shorts based only on production which I'd guess means less than 10% of total inventory.

but even at 50% that's normal, not likely to change the price at all. It just means they think there's a 50% chance it'll go down. A coin toss. Which is fair with silver.

[Anonymous No.26979814]

>>26979736
so buy JPM shares with your GME money

[Anonymous No.26979817]

>>26979736
That is why I am buying SLV puts todayto hedge everything else silver related i have

[Anonymous No.26979831]

>>26979678
>I'd go with the track record
have you read about the problem of induction?

you're probably right, but I see $200 gold far more likely than $200 silver in the next year or two.

[Anonymous No.26979898]

>>26979348
good ol stinky linky memes

[Anonymous No.26979970]

>>26979736
>JPM suppresses price of silver
I buy more silver
>JPM doesn't supress price of silver
I buy more silver

[Anonymous No.26980059]

>>26979736
>>26979817
Dont be on the wrong side of history

[Anonymous No.26980081]

What's the hard-floor, bottom end of the new price spectrum? The "never going that low again, ever" price? Even if it crashes, price?? $20? $18?

[Anonymous No.26980102]

>>26979831
>have you read about the problem of induction
Don't know what you exactly mean by this but there have been thousands of times in history when owning gold has protected your wealth during a time of crisis and exactly 0 times that it has failed. Assuming that this will not change for the next crisis seems like the most logical thing with approximately 100% chance of being true.

[Anonymous No.26980190]

>>26980059
kinda gotta agree

MSNBC is running articles about silver being the next short squeeze and prices going up. By the time they learn about it, it's already happening.

[Floor stacker No.26980319]

>>26979970
I think this is why silver was so incredibly range bound until recently. The shorts couldn't effectively dump the price because us autists kept ordering ridiculous amounts on dips. Likewise, they can't let the price run too high or the momentum trading Reddit crowd would jump in and dictate the market.

The shorts were basically stuck so just left it at 25.50 as long as they could to come up with some solution.

[Anonymous No.26980373]

>>26980102
the problem of induction states that predictions based on history are vulnerable to new events. There's a first time for everything. Just because gold has always had value doesn't mean it always will. Just because nobody had cordless telephones with video cameras in the past doesn't mean they never will.

we're in a time of unprecedented technology and psychology, what happened in the past no longer matters. It's entirely possible for gold to become worthless in times like this, even if it never has before.

[Anonymous No.26980463]

>>26980319
>us autists kept ordering ridiculous amounts on dips.
kek
the purchases of every silver stacker in the world wouldn't change the price one penny.

[Anonymous No.26980552]

>>26980059
I have a lot of silver positions. It does not take many SLV puts to cushion from further slam downs. I'd be happy if they expired worthless.

[Anonymous No.26980652]

>>26980373
Yes but I look at this from a probabilistic view. Of course there is non zero chance that gold fails or that people don't see the value in it anymore. Of course it is possible, but it is extremely improbable based on historical evidence. So improbable in fact that you could say that the chance is 0 in a probabilistic sense. With a mathematical background I am not betting on "new paradigms" or that "this time will be different" because extremely rarely do these things become reality and most of the time nothing new happens.

[Anonymous No.26980888]

what mining stocks should I buy? already in AG and GOLD. have 2k to dump.

[Floor stacker No.26980967]

>>26980463
Maybe so but

>27.01
>27.01
>27.01

[Anonymous No.26981050]

>>26980652
>it is extremely improbable based on historical evidence
sure, I agree.

but then so did the people betting against automobiles or air travel or any number of technologies that made older technologies obsolete.

if we view gold a technology it will inevitably be replaces, probably already has been. It certainly has psychological and aesthetic values, but so do tin foil and bubble bath, neither of which cost thousands of dollars per ounce.

[Anonymous No.26981062]

>>26980888
Do you like big or small miners? Gold or silver?

[Anonymous No.26981234]

>>26980967
what's that?

[Anonymous No.26981281]

>>26980888
Literally all in AG
it's being shilled on twitter like crazy right now

https://stocktwits.com/symbol/AG

[Anonymous No.26981293]

>>26978411
Checked, don't forget to throw in a merc dime

[Anonymous No.26981303]

>>26981050
Gold is not a "technology" it is a natural element with unique properties based on the fact that no other element has the same number of protons in it's core. It cannot be replaced by any new technology. Saying something like what you just said really makes you seem like a brainlet and not understanding basic physics. Every element in nature has their use cases and cannot be "replaced" by something better. When technology evolves the use cases will change for these natural element but is simply stupid as fuck to claim that some natural element is "old technology".

[Anonymous No.26981362]

>>26980967
>27.01
https://www.sprottmoney.com/blog/Welcome-Back-to-the-Real-World-David-Brady-Jan-28-2021
>resistance is 27

[Anonymous No.26981416]

>>26981303
>It cannot be replaced by any new technology.
It's used for money and decoration and status symbol and electronics.

it has already been replaced as money and decoration.

[Anonymous No.26981418]

>>26981062
silver mostly, since i don't plan getting physical silver and i bought 5k gold coins last week.
ideally a mix of both, maybe 2 small and 1 large

[Anonymous No.26981530]

>>26981050
People use gold and silver for more purposes beyond art today than they did in the middle ages.
Solar panels, computers, and tonnes of other electronics use gold and silver. I don't see that going away any time soon.

[Anonymous No.26981553]

should i buy AG in premarket of after opening

[Anonymous No.26981610]

MUST WATCH. REMEMBER TO BUY PHYSICAL
https://youtu.be/dqpWkgF23QQ

[Anonymous No.26981741]

>>26981553
possibly during the (((10am))) slam down

[Anonymous No.26981745]

>>26973572

I need to be relatively liquid but I don't want to be fucked by the impending stock market crash.

Are precious metal ETFs/stocks a good investment during a bad market and inflating dollar? Can anyone recommend a strong one to put money into?

Thank you

[Anonymous No.26981802]

>>26981530
yep, but gold doesn't need to cost $2k/oz based on electronics demand. Hell even silver doesn't have enough industrial demand to justify price and it's used far more than gold.

a couple bucks an ounce each would be about right based on electronics usage. 20X the price of copper or so.

[Anonymous No.26981806]

I think we need a simple step approach so our ally redditards can contribute to this mother of all squeezes:

>1. Buy physical silver
>2. Buy instruments backed by physical silver, like PSLV
3. Buy AG stock

Thoughts? Include a last step about mid and junior miners? I feel that would be less focused though

[Anonymous No.26981863]

>>26981416
>it has been replaced as money and decoration
As money - temporarily. As decoration - simply wrong. Gold has been replaced as money by fiat bank notes temporarily but eventually gold has always come back. Same will most likely happen again, the writings on the wall. Gold is extremely used in jewellery nothing has changed that. And look like I said it doesn't matter if gold is not used for X thing anymore since it is still unique element with unique physical properties which means that it is never outdated. Gold probably has some use cases in future tech that we know nothing of today. There is always use cases for gold and it is always going to be a scarce element in the universe.

[Anonymous No.26981864]

>>26981806
buy AG FIRST

[Anonymous No.26981908]

>>26981806
the squeeze is already working. MSM is reporting silver rises based on reddit posts.

[Anonymous No.26981940]

>>26981806
Physical silver purchases are what raises the water level for everything else.

[Anonymous No.26981948]

>>26981864
Why

[Anonymous No.26982025]

>>26981418
Medium/Large cap silver miners similar to AG are FSM, EXK, HL and PAAS. I suggest you look into those. If you like some more speculative silver plays look into DV, SVE and IPT. Those are mostly suggested here and are trading at a serious discount. Good luck.

[Anonymous No.26982062]

>>26981863
>it is still unique element with unique physical properties which means that it is never outdated
so is lead, but lead doesn't cost $2k per ounce.

see what I'm saying here? uniqueness means nothing. Shit is a unique mixture with unique properties also. Uniqueness means exactly shit.

gold has very little industrial use now, it's just a veblen good. Which could change real fast.

[Anonymous No.26982195]

>>26982025
>PAAS
$20,000 PAAS standing by for 10x moon mission

[Anonymous No.26982245]

>>26982062
Uniqueness and usefulness with scarcity means a lot. That is why gold is a store of value and btc is a meme pump and dump.

[Anonymous No.26982407]

>>26981948
because he owns it lmao

[Anonymous No.26982469]

>>26981948
higher upside and going crazy on twitter rn

https://stocktwits.com/symbol/AG

[Anonymous No.26982494]

>>26982062
No. The point is that when any currency collapses you still have a metal that is universally recognized as valuable because of the association it has

[Anonymous No.26982523]

I should've started sooner.
Buy high, sell low wasn't a meme after all.

[Anonymous No.26982574]

>gold has no tax
>silver has 23% VAT
Fucking why, I just wanted to get some silver.

[Anonymous No.26982577]

>>26982195
Well played, that is a big dick silver position. I wish I had capital like that to throw into my favorite miners.

[Anonymous No.26982661]

>>26982574
europe?

[Anonymous No.26982672]

>>26981948
In addition to AG I'd get some Endeavour, it's pretty cheap right now

[Anonymous No.26982766]

>>26982245
>Uniqueness and usefulness with scarcity means a lot.
sure, but gold is not particularly useful or scarce compared to its use. Almost the entire value comes from psychology. Similar case with diamonds. Or amethyst. Did you know amethyst used to be worth more than gold?

fashions change. Gold is now a fashion, not an industrial metal. Not money. It's really cool and I love it just like I love diamonds. But I love them because they're valuable and if the value falters so will the fashion.

[Anonymous No.26982809]

>>26982574
buy silver coins, they're without tax

[Anonymous No.26982864]

>>26982494
yes. I'm saying that value and that association can change. I don't know if it will, but it certainly can.

[Floor stacker No.26982898]

>>26982574
PSLV

[Anonymous No.26983009]

>>26982577
thanks fren, it's 25% of my silver miner position, AG is 10%

[Anonymous No.26983016]

>>26982766
So you don't see the very real possibility of gold becoming "official" money again as fiat currencies die? Or at least that fiat currencies are severely devalued in terms of gold? Have you been playing devils advocate this whole time?

[Anonymous No.26983117]

>>26983016
>So you don't see the very real possibility of gold becoming "official" money again as fiat currencies die?
of course it's possible, maybe even likely

but more likely is fiat dies and is immediately replaced with new fiat while gold dies a slow death down to real, industrial prices. Which are a bit higher than tin, but not a lot.

[Anonymous No.26983175]

>>26982864
not happening if currency collapses. If paper money goes to shit the silver price skyrockets because everybody starts to bust their ass trying to get their hands on some

[Anonymous No.26983299]

>>26983016
>Have you been playing devils advocate this whole time?
I love gold. I stack gold, I collect gold, and I mine gold. But I'll be dead soon enough and my love of gold will die with me. Enough of us die and gold has no basis for support anymore. It's not naturally lovable, it's just naturally hard to win.

[Anonymous No.26983329]

>>26983117
>gold dies a slow death down to real industrial prices.
Is this the new Fud next to Asteroid Mining?

[Anonymous No.26983386]

>>26983117
One of the major uses of gold is to freeze your networth in one currency to convert it to another. That would include to a newly issued currency.

[Anonymous No.26983449]

>>26983117
The problem is that if a fiat currency dies people won't have faith in another fiat and gold is absolutely needed as a bridge for trust. This is what history teaches us very clearly. Anyway, I need to get going now so I thank you for this discussion. Even though we might disagree on things I genuinely believe that it is good to listen to all opinions and hear the different side as well just to reflect on own views and not to live in a "bubble". So thank you and have a nice day!

[Anonymous No.26983518]

I wasn't an anti semite before i read this.

https://s3.amazonaws.com/camppictures/CampArchive/Economy/Hunt%20For%20Silver.pdf

[Anonymous No.26983591]

>>26983299
>I'll be dead soon and my love of gold will die with me
If it makes you feel any better I am millenial and I "believe" in gold. The narrative that young people only buy meme stocks and prefer crypto over gold is a forced meme. It is not true. It's more about IQ than about age but as I said I really need to get going just wanted to share this with you!

[Anonymous No.26983612]

>>26983175
>if paper money goes to shit the silver price skyrockets
in paper money. Which is worthless then. So the value didn't change,
>>26983329
It's not fud, it's something I actually think about and thinking men should too. My ancestors passed down a lot of shit they were sure would be valuable but isn't.

gold and silver certainly could fall into that class in the future. Right up there with my aunt's stamp collection or my grandma's amethyst and garnet jewelry. They paid a fuckton to collect it but it's worthless now. Who knows what will be valuable in the future?

[Anonymous No.26983671]

>>26983518
I wasn't an ati semite before I read this.

[Anonymous No.26983751]

>>26983386
>That would include to a newly issued currency.
yes. But you're still trading paper which literally grows on trees for gold which is much scarcer and harder to produce....
>>26983591
have a good night/day anon. I appreciate your thoughts.

[Anonymous No.26983777]

Why did i fell for pure gold mining marketing? My bags are tiresome and gold moves too slowly while company needs some insane discoveries to move the price.

[Anonymous No.26983787]

>>26983612
4000 years of human civilization says that is wrong. Ancient egyptians, mayans, romans, prussians, persians, indians, etc. all used gold as a store of wealth and that continued after their societies had collapsed from external or internal pressures.
You want something that will be worthless? BTC

[Anonymous No.26983941]

>>26983751
>But you're still trading paper which literally grows on trees for gold which is much scarcer and harder to produce....
Are you deliberately being dense? Usually only cryptokiddies ramble this way

[Anonymous No.26983945]

>>26983787
>4000 years of human civilization says that is wrong
4000 years of human civilization also says we're now communicating by writing words on paper and hiring a dude with a horse to carry our messages to each other.

[Anonymous No.26983975]

>>26983671
>>26983518
I'm not an anti-semite because Peter Schiff and Mises are pretty cool.

[Anonymous No.26984015]

Do you think this pump is temporary kr are we finally breaking out?

>>26983777
What's your average price?

[Anonymous No.26984035]

I normally buy a little silver and gold at the beginning of each month, but now I see there is some "we did it reddit" short squeeze thing going around. is that legit beginning to happen? i couldn't find anything on wall street bets except for some thread from days ago, did they forget about it?

[Anonymous No.26984049]

[Anonymous No.26984095]

>>26983941
>Are you deliberately being dense?
you don't understand the point. It's fine. Gold is millions of times more expensive to make than a banknote. So the price in banknotes doesn't matter. If it mattered gold would be worth millions of dollars per gram.

trading one fiat for another is a false valuation of gold. But that's exactly what we'll do if fiat collapses.

[Anonymous No.26984124]

>>26983612
>in paper money. Which is worthless then. So the value didn't change,
no nigga, the buying power increases too
this mean that if you can buy one table with your silver bar now you'll be able to buy 3-4 tables or even more when shit hits the fan

[Anonymous No.26984157]

>>26984015
2.61, i thought it would not fall below 2.5 since it's 3 peak and i was just buying the dip.

[Anonymous No.26984164]

>>26984035
https://stocktwits.com/symbol/AG

[Anonymous No.26984170]

>>26982661
Yeah.
>>26982809
I don't think they are in my country, everything I see is >123% of the silvers price.

[Anonymous No.26984179]

>>26982025
thanks anon I just bought some EXK.

[Anonymous No.26984268]

>>26982025
>>26984179
This is stupid though because it's AG that is getting heavily pumped right now by wsb

get the fuck in and ride the pump
it's only been pumping for 1 day

[Anonymous No.26984277]

>>26981610
bumping this; anons must see this

[Anonymous No.26984298]

>>26984124
>no nigga, the buying power increases too
only if people revert to using metal as money and don't immediately adopt a new form of fiat.

we both know if the dollar collapses they'll just shave a couple zeros off it and reset it. Meaning silver and gold don't go up in purchasing power at all. If anything they go down.

[Anonymous No.26984354]

>>26981864
fuck you, it's always physical first. Don't mislead people for your own short-term gain faggot
>>26981806
>>26981948
Physical first. Cover your ass.

[Anonymous No.26984360]

>>26984164
of course it would be something i only own 11 shares of. next they'll probably pick SLV rather than PSLV.

[Anonymous No.26984378]

>>26984268
i already bought AG a week ago hoping to escape the WSB shitshow but alas here we are. every second thing i buy is getting pumped by these retarded autists.

[Anonymous No.26984467]

Remember to BUY PHYSICAL

That way you have zero liquidity and cannot sell your stockpile when the need arises. You are accumulating bars of metal that are useless to you in preparation for a fantasy apocalypse, where gold will not be valuable at all anyway.

[Anonymous No.26984495]

>>26984157
I fucked up the same way with WM, bought at 1cad. But pmg is pretty much no risk. If pog goes up the stock will go up too and I suspect it's going to be one of the first to be bought out once pog is high enough. I got in at 1.32 I think though, so I'm just holding. Would sell if it goes below 2 though.

[Anonymous No.26984626]

>>26984354
>fuck you, it's always physical first. Don't mislead people for your own short-term gain faggot
How am I misleading people? Many people are fucking with the shorts right now and it's idiotic to not hop into this stock for a week or two for some quick gains and THEN get into physical silver.

>>26984360
Yeah that is kind of stupid, but it is reddit.

>>26984378
Stay in AG. I'm buying at the open.

[Anonymous No.26984727]

>>26984467
Daily reminder not to fall for jewish tricks. Every time spot is breaking out the shills shit talk physical.

[Anonymous No.26984730]

>>26984626
is it still early enough to buy more AG? how will you know when to sell it?

[Anonymous No.26984735]

>>26984626
Because this fucking system could crash and burn overnight. Hard assets first.

[Anonymous No.26984773]

>>26984467
it doesnt need to collapse to be worth the investment retard. its a stable commodity and does better in times of economic downturns and volatility. no one here says to ONLY buy physical. kill yourself lmao

[Anonymous No.26984807]

Recently institutional buyers went in on bitcoin and bitcoin went 2x. Could their next diversification play be silver/gold miners? If that is the case, will they just buy physical bars and store them in the "fort knox" vaults? How will this affect price of miner stocks and physical bars?

[Anonymous No.26984903]

>>26984298
>and don't immediately adopt a new form of fiat.
>we both know if the dollar collapses they'll just shave a couple zeros off it and reset it
oh boy, you really don't know what's coming do you?
this isn't another 2008, my friend. This is the real thing. Once the dollar goes bust, that's it. It's the end of an era. Wallstreet is gone forever; the Federal reserve is gone forever; neoliberal capitalism is gone forever
the entire world economy is built on growth, and there's no more growth left to had. That's it we've hit the ceiling. All of this is fake. Once it crack we're never getting it back
This is not another 2008, this is the crash of the Soviet Union all over again

[Anonymous No.26984902]

>>26984735
>Because this fucking system could crash and burn overnight.
lol if it does, the miners will go up like crazy
>>26984730
>is it still early enough to buy more AG?
Absolutely, this pump is just getting started, it's only up 20%.
https://stocktwits.com/symbol/AG

[Anonymous No.26984936]

>>26984626
i don't mind the gains, but the overall euphoria is reaching extreme levels. normies are literally trading options on a smartphone app they saw an ad for. it is utterly absurd.

[Anonymous No.26984950]

>>26984773
The dow has consistently outperformed gold for over 100 years

[Anonymous No.26984989]

>>26984807
most of them already have 10-15% exposure in metals including physical, meaning a single institution owns millions of times more metal than all of /pmg/ put together. And for them it's not some prime investment, just almost an afterthought.

[Anonymous No.26985017]

>>26984936
Now you know what it's like to live through the NASDAQ bubble.
Printer go BBBRRRRRRRRRR

[Anonymous No.26985055]

>>26984902
I guess I'll throw a couple hundred on it this morning at open. How will I know when to sell?

[Anonymous No.26985090]

>>26984902
If the system crashes, banks will go down. Brokerages will go down. You will own the shares but you can't do anything with them necessarily. Money becomes worthless because everything is just credit. This is why you need hard assets, this is why you need physical and this is why you need to have some physical goods stacked.

Other than that, yeah everybody pile onto First Majestic

[Anonymous No.26985102]

silver is almost at 27 dollars

[Anonymous No.26985124]

>>26984903
you might be right

I mean the sucker standing on the street saying the end of the world is coming will eventually be right. If he waits long enough it's bound to end. But you're young and you don't understand how many people will fight to keep the current system running because they're part of it and it owns them.

[Floor stacker No.26985131]

>>26984467
Pathetic

[Anonymous No.26985167]

>>26984902
insane AG shilling by this ID

[Anonymous No.26985190]

>>26985102
It's official now. 27$ ACCEPTED.

[Anonymous No.26985226]

Can we expect a dip on AG or should I just put a market buy order?

[Anonymous No.26985230]

>try to buy silver
>have to transfer money
>do so
>its been 7 hours
>still no response
Did i fuck up

[Anonymous No.26985240]

>>26984989
Isnt that a bearish outlook on PM? What will it take for them to up their exposure of PM to 15-40%? A full on collapse or just massive inflation/stock market crash? If so, how will this affect prices of miners and physical?

[Anonymous No.26985280]

>>26984950
thats great since i own BOTH. are you poor or something? do you not have the capital to have a large investment portfolio?

[Anonymous No.26985295]

>>26985230
Where did you buy?

[Anonymous No.26985323]

IT'S HAPPENING

[Anonymous No.26985329]

>>26985167
probably one of them. you think we should be buying more AG to ride the zoomer pump or just ignore it? I already own some, but not much

[Anonymous No.26985352]

>>26985295
https://goldsilver.be/en/

they approved my purchase in 4 hours, but didnt respond to the wire transfer yet.

[Anonymous No.26985382]

>>26985055
>How will I know when to sell?
when it goes 3x

>>26985167
Wow it's almost as if everyone is shilling it right now in an attempt to fuck the shorts
https://stocktwits.com/symbol/AG
https://www.youtube.com/watch?v=uU0QR7RgXrk

[Floor stacker No.26985470]

>>26985190
WE'RE BREAKING THE CONDITIONING

[Anonymous No.26985521]

>>26985382
calm down keith

[Anonymous No.26985538]

https://silverseek.com/article/silver-shorts-last-stand

Holy fuck it feels unreal that this is all happening already and so quickly. I really want to stack more now

[Anonymous No.26985575]

>>26985240
>Isnt that a bearish outlook on PM?
yeah, I'm bearish on PM's
>What will it take for them to up their exposure of PM to 15-40%?
if the current situation didn't do it nothing will.
>A full on collapse or just massive inflation/stock market crash?
we've seen both, over and over in the last 12 months
>If so, how will this affect prices of miners and physical?
physical will go up. Some miners will boom, some will crab, and most will go bankrupt.

metals do good during crashes but miners don't do so well. Because when stocks crash industrial demand goes away and most mines mine for industry, not investors.

[Anonymous No.26985680]

>>26985190
We might pass gamer girl bathwater today lads

[Anonymous No.26985684]

>>26985226
i dont know, but im def buying tomorrow

[Anonymous No.26985722]

What company can I invest in that will rape precious metals in the middle east and south america. Lithium is the future.

[Anonymous No.26985733]

>>26985382
>https://www.youtube.com/watch?v=uU0QR7RgXrk
TOPKEK these boomer grifters are hilarious. that intro lol

[Anonymous No.26985751]

>>26985575
So what are you bullish on?

[Anonymous No.26985767]

>>26985352
I never ordered from them before but I was considering it.
Sometimes bank transfers can take a day or more so be patient. Check if you entered everything correctly.
Maybe you get an update at the end of the day.

[Anonymous No.26985768]

>>26985680
>We might pass gamer girl bathwater today lads
she can raise the price any time she wants. You can't.

[Anonymous No.26985825]

>>26985722
>Lithium is the future
It's a short-term trend.

[Anonymous No.26985872]

>>26985751
I play in different markets than /pmg/

I'm bullish on aluminum, copper, gold, silver, and plat group.

I don't own any lithium, cadmium, uranium, oil, or phosphate, but I'm bullish on all those as well.

[Anonymous No.26985935]

>>26985825
Electric vehicles tho

[Anonymous No.26985931]

>>26985733
How are they grifting?

[Anonymous No.26986039]

>>26985751
>So what are you bullish on?
sorry I typed wrong. I mixed my bulls and my bears
drunk probably

[Anonymous No.26986127]

>>26985935
Just invest in copper, zinc, silver or even iron then. Especially copper since it's used in everything electricity-related

[Anonymous No.26986192]

A reminder that theres only one way you can own metals

[Anonymous No.26986233]

>>26985872
Do you own any of these copper stocks, if so which ones and which ones would you recommend?
https://www.youtube.com/watch?v=Je7fMfmWkgQ

[Anonymous No.26986250]

>>26986127
lithium is the weak link
it's the one that's hardest to find, rarest

if rarity and use matter then lithium would be worth much more than gold or platinum

[Anonymous No.26986297]

>>26985767
im a bit on edge since i had to pay up in 4 days. And im not sure if saturday and sunday count, and if they do i cant reach a lot of people due to the weekend

[Anonymous No.26986314]

cant buy physical because of living situation, i guess tickers it is. AG/PAAS??

[Anonymous No.26986340]

Is a squeeze gonna happen though or not? I'm not trying to accumulate silver as a store of value right now, I'd only get in to take down the banks.

[Anonymous No.26986442]

>>26986297
>>26985767
nevermind just got the email in a minute ago they got my money. Thanks for holding my hand anon

[Anonymous No.26986448]

>>26986233
I don't own stocks.

I do have a few tons of metal sitting around though, and I do speculate on metal prices.

[Anonymous No.26986463]

Newfriend here, is it too late to start buying silver in coins? If so, are there any reliable dealers in Europe? Do you know any in Poland that you would recommend? Also, should I buy them in large quantity at once or buy like 3 or 4 now and buy more later on?

[Anonymous No.26986519]

>>26986340
>Waifus in uniform
based

[Anonymous No.26986527]

>>26986314
if you want allocated paper silver, then buy PSLV.

>>26986340
i mean, unlike gamestop or some meme stock, at least you're buying something that is actually undervalued. so if the squeeze doesn't happen, you're not badly positioned, and buying PMs always fucks the banks and governments

[Anonymous No.26986617]

>>26986340
>Is a squeeze gonna happen though or not?
it's not going to happen because market cap is too large, most stock is already under contract, and shorts don't make up a majority of the paper.

if it gets squeezed it'll be over a period of decades, not days.

[Anonymous No.26986626]

>>26986448
OK youre no ordinary dude. without asking personal questions, how can u have tons of metal siting around? You plan to sell to a company as raw materials?

[Anonymous No.26986691]

>>26986463
it's too late until you can't buy any
not a euro but try
'the europian mint'
'celtic gold'

[Anonymous No.26986698]

If you ever want to deal with asteroid FUD miners, just slap 'em with the ol' "quantum computers will break blockchain"
Because it is true.
>>26986463
eu.compare.pm in the OP is a good starting point.

[Anonymous No.26986765]

>>26986617
WSB could pump something like AG, but looking on reddit that doesn't seem to be a popular thread. could barely find it

[Anonymous No.26986796]

>>26974607
almost no gravity = almost no gold
gold is really heavy and tends to end up with large bodies with much gravity, not tiny asteroids or moons

[Anonymous No.26986808]

>>26986626
I'm a mining contractor, I own several silver and gold mines, and I run a recycling business.

so metals prices matter to me. I track them closely over periods of years.

[Anonymous No.26986831]

>>26986463
Try https://www.europeanmint.com/

[Anonymous No.26986846]

>>26986527
cant buy PSLV from europe. Anything similar for us europoors

[Anonymous No.26986854]

>>26986463
in the short term you would make more money speculating the latest meme stonks. if you want to SAVE money, and diversify your investments, a small amount of precious metals is a good idea. its a balance. you dont need to spend all your money at once if you dont know much about the market. if you can afford a few OZ of silver every month alongside your other investments why not? but if you cant afford other NECESSITIES or are struggling it wouldn't make sense.

[Anonymous No.26986903]

>>26986765
>looking on reddit that doesn't seem to be a popular thread.
The media has picked it up though, so it might happen. I've seen three articles about WSB pumping AG so far

[Anonymous No.26986993]

>>26986442
No problem, just keep your cool.
You still need to wait for your package to arrive before you can sit on your shiny rocks.

[Anonymous No.26987023]

>>26985680
>could sell bathwater and sell out
>in the end still took dick up her pussy and ass on camera for money
Any /biz/tard here that can explain the economics of camsluts? I thought she was golden, or is she just greedy?

[Anonymous No.26987049]

Are people going to be too preoccupied with doge shit to pump my silver?

[Anonymous No.26987083]

>>26986765
>>26986903
e.g.

https://www.bloomberg.com/news/articles/2021-01-28/silver-is-the-latest-market-hit-by-reddit-day-trader-frenzy

[Anonymous No.26987172]

>>26986854
The thing is that I get a certain amount of money every month or so, accounting for the necesities of course. I planned on taking 1/5 of my savings and buying oz silver coins with it, but it would be my first investment really.

[Anonymous No.26987255]

>>26986463
coininvest.com
bought from them like 20 times
really good, never any problems

[Anonymous No.26987268]

>>26986463
>>26986698
>>26986831
Wouldn't buying silver from outside of your country mean that it could just get taxed when it reaches the border (just like any other package)?

[Anonymous No.26987336]

>>26987083
lots of jews own pms, they're probably just using their media connections to get other boomers to buy it up thinking the kids are going to pump it, when barely anyone is talking about it

[Anonymous No.26987354]

>>26986250
Lithium is actually abundant, processing it is the problem

[Anonymous No.26987409]

Well yes, that's why I have started thinking to buy locally, but if that won't be an option (I highly doubt it) I will be forced to order.

[Anonymous No.26987411]

>>26987268
coininvest.com is German, I’m in Sweden and never paid any tariffs
pretty sure you can’t put tariffs on gold/silver inside EU

[Anonymous No.26987457]

>>26986463
Never too late to COVER YOUR ASS. Buy!

[Anonymous No.26987514]

>>26987083
holy fuck it's actually happening

wtf I love reddit now

[Anonymous No.26987602]

>>26987172
and thats smart, using money youve already allocated for other types of savings to diversify. its easy to get caught up in it, since it is a very nice feeling to literally hold it haha. but just remember that its not for speculation but saving. if at some point its not viable for YOU, then move on, at least thats what im doing lol

[Anonymous No.26987627]

>>26987336
yeah I don't think they're going to ragdoll silver like they did GME

if nothing else silver is seen as an almost infinite inventory. If you jack the prices up 2000% all that's going to happen is mines will crank out 2000% more.

[Anonymous No.26987663]

>>26986808
Gotcha. Well good luck! Sounds like youll be adding some zero's to your net worth. Any spicy tips you would give me?

[Anonymous No.26987708]

>>26987411
Heubach-edelmetalle.de and muenzen-engel.de are a bit cheaper I think.

[Anonymous No.26987768]

so hypothetically say silver does go to 100 or 1k/oz. Do you still hold it expecting it to go up or do you cash out half and hold the rest?

[Anonymous No.26987774]

>>26987627
It takes longer than that. Takes years to get mines to meet a sudden surge in demand!

[Anonymous No.26987812]

>>26987663
>Any spicy tips you would give me?
I don't offer advice, but like I said I'm bullish on most industrial metals and PM's. I think some miners will explode in value. Anything metal related is probably a good buy right now. I expect high inflation over the next 5 years across all markets, not just metals.

[Anonymous No.26987864]

i hope shlomo wakes up soon and takes a big fat dump

[Anonymous No.26987889]

>>26987774
>Takes years to get mines to meet a sudden surge in demand!
nah, we sit on years worth of inventory to time the market. And if the mine doesn't they sell to refiners and warehouses that do.

[Anonymous No.26987911]

>>26987411
But silver is VATed, why couldn't they VAT it at the boarder, unless there is some very specific rule about it.

[Anonymous No.26987913]

>>26987768
Depends entirely on how valuable 1k euros is at that time.

[Anonymous No.26987992]

>>26987889
Is this really true for precious metals?

[Anonymous No.26988031]

I nearly forgot to ask, if I am to buy oz silver coins, should I buy the cheapest ones (if legit of course) or just buy the ones I like the most?

[Anonymous No.26988050]

>>26987812
Could you atleast tell me which PM has the most industrial application? Im guessing copper since its how our entire infrastructure is wired. Is there a clear answer? Maybe lithium since teh future is EV's and batteries powering all gadgets

[Anonymous No.26988210]

>>26987992
yes.

It takes years to start up a precious metals mine, but once they're running we either store years worth of concentrates/matte or we sell it to warehouses that sit on years worth.

no point in selling when the price is low. Even a penny difference in price can mean hundreds of thousands of dollars gained or lost. Of course mines watch prices and time sales to benefit.

[Anonymous No.26988292]

>>26988210
I see

[Anonymous No.26988305]

>>26988050
>Could you atleast tell me which PM has the most industrial application?
copper isn't a PM

for PM's it's plat group, silver, then gold

copper is by far the most used industrially, but it's also extraordinarily common and cheap.

[Anonymous No.26988342]

>>26987911
Here in Poland we have a 23% VAT tax on all precious metals, but I will be forced to pay it, since it's over the specified amount of money in which I could avoid paying it.

[Anonymous No.26988398]

>>26988031

Depends on why you're buying it. If you're looking for liquidity, 1oz coins made and backed by a government like ASE's are never a bad investment because everyone trusts them so you will never have a problem moving them.

If you're only interested in the silver weight then you can pretty much get whatever is cheapest provided it's legit

[Anonymous No.26988437]

>>26988031
Premiums are highest for coins if you just want the raw metal. Some coins appreciate in value though from numismatic demand (i.e. coin collecting).

[Anonymous No.26988592]

>>26987023
>in the end still took dick up her pussy and ass on camera for money
Belle (((Kirschner)))
it's in her DNA to be a degenerate

[Anonymous No.26988634]

>>26988031
>>26988437
But, if you’re anticipating a Great Depression style economic collapse, 1oz coins are going to be easier to sell than a 10oz bar. More liquid and more recognizeable.

[Anonymous No.26988659]

>>26988437
That's not entirely true. Here bars and junk carry higher premiums than 1oz gov coins.

[Anonymous No.26989017]

The moon is made of silver...

[Anonymous No.26989034]

>>26988342
I'm in Poland too, this is really discouraging to invest in anything other than gold, I don't want to pay the government almost 1/4th of the price, guess I will stick to gold then.

[Anonymous No.26989225]

>>26989034
just find the cheapest silver you can. The tax is not so bad if you buy bulk or large bars

[Anonymous No.26989251]

so AG today, wait for it to dip and buy? sounds like a plan

[Anonymous No.26989272]

>>26988292
>I see
we don't sell like retailers. we contract to sell.
so when a mine, refiner, warehouser, or recycler contracts to sell it's essentially a futures contract with option to buy.

it takes time to deliver metal so we sell weeks, months, or even years into the future based on what we predict metals prices to be balanced against the buyer's predictions.

upshot is I would sell you a few tons of silver a few years in the future with the caveat that you'll pay for storage and transportation until that time. You make money if the cost of silver goes above the costs of transportation and storage. I make money because I have a guaranteed market for my silver and I know what my costs are right now. There's a lot of middlemen, and each one has their own expenses and profit margin. What the public gets has already gone through 4 or more other businesses, all of which took a profit off it.

[Anonymous No.26989321]

>>26989034
The problem is that I am too poor to afford gold, but I have enough money to put into silver. I am not a wealthy man by any means, but I want to have something to cover my ass for a rainy day.

[Anonymous No.26989392]

>>26988210
Its like the futures market but you acctually hold the danm metal! Reminds me of when oil crashed and some bought it pennies on the dollar and stored it in facilities and sold at major profits lol

Is there any way a retail small fish like me can get in on that action? Im guessing the answer is buy physical

[Anonymous No.26989425]

How do you “realize” your wealth with precious metals? If a financial collapse happens, no one will have any money to buy them from you.

[Anonymous No.26989488]

>>26989425
Why take money when you can take land?

[Anonymous No.26989553]

>>26989425
i imagine you dont trade it for paper money, you trade it for property, goods, and services.

[Anonymous No.26989600]

>>26989392
>Its like the futures market but you acctually hold the danm metal!
exactly right
>Is there any way a retail small fish like me can get in on that action?
nah, at the wholesale level metals contracts are done in millions of dollars. So unless you want to start a business refining, storing, or retailing metals you're not going to ever see those prices.

[Anonymous No.26989694]

>>26989553
Will there people acctually selling their goods and services for literal bars of silver? I have 30 ounces of silver, would some one sell me a car for some silver and fiat combination?

[Anonymous No.26989740]

>>26989321
We are on the same boat, I don't have any metals at the moment, and I am too poor to go for gold too, for now I'm just planning stuff in advance, my goal is to accumulate money and get some gold. Maybe just starting with silver is not that bad of an idea, always better than a printed pieces of paper or a number on some banks server.

[Anonymous No.26989782]

>>26989694
If they will be desparete then sure.

[Anonymous No.26989840]

>>26976979
He wrote this. Re-work it for Reddit. It also fits within the space of a single 4chan post.

[Anonymous No.26989930]

For people new to silver:

The bankers use a derivatives market called the COMEX to manipulate the price of silver. 500 digital ounces of silver are traded back and forth for every real ounce held in the vaults. Equivalent to fractional reserve banking. The banks heavily short silver there. So much so that they would go bankrupt if the physical was taken delivery of. The regulators said when first setting up silver-trading on the COMEX in the 70s that the purpose was to scare off the average investor with suppression and volatility. Don’t let them beat you. Adjusted for inflation, silver should be $966 (ShadowStats).

Learn about suppression from

Bart Chilton's death-bed confession to Chris Marcus (Chilton was commissioner at the CFTC)

https://www.youtube.com/watch?v=ShZrgZEq1Yo

Eric Sprott's friend Craig Hemke

https://www.youtube.com/watch?v=9EOPKizJ_Y4

Andrew Maguire, a famous whistleblower

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

Rob Kientz, an auditor

https://www.youtube.com/watch?v=KyAopYlD32k

See also J P Morgan's 1 billion dollar fine which they recently paid.

This article about the Hunt Brothers, "Hunt for Silver," is also a must-read: https://s3.amazonaws.com/camppictures/CampArchive/Economy/Hunt%20For%20Silver.pdf | They were cheated by the bankers just like the GME short-squeezers today.

If you buy silver, only buy either physical coins or if you do go with ETFs, PSLV. DO NOT buy SLV.

PSLV: Run by billionaire silver-bull and banker-killer Eric Sprott, fully audited and backed, with a delivery mechanism at 10,000 ounces for anybody

SLV: Scam with no proven metal, run by JP Morgan, only a few big banks have access, delivery for 500,000 ounces only if you're a big bank, can pay you out in cash in case of a default

If you can't buy PSLV then buy AG (First Majestic Silver). It's the next GME. Support the squeeze on this company which has a 30% short-float. The bankers are trying to punish CEO Keith Neumeyer, who refuses to supply the COMEX.

[Anonymous No.26989971]

>>26989740
If your not convinced about silver, just remember, jesus was sold out for 30 pieces of silver 2000 years ago and to this day we still put value in that same metal.

[Anonymous No.26989979]

>>26989740
I plan to start small and build my way up to the top, when in comes to precious metals.
>Maybe just starting with silver is not that bad of an idea, always better than a printed pieces of paper or a number on some banks server.
This a thousand times, I couldn't agree more.

[Anonymous No.26989994]

>>26989694
thats the gamble, but think of it like this. In times when a loaf of bread cost hundreds of dollars and a car would have cost millions because hyperinflation or complete collapse, think the times were people were literally burning money to stay warm in the winter, there will still be SOME medium for trade currency. If paper money is worthelss then gold/silver seem like the obvious choice as those hold their value internationally and are typically safe and stable when the economy actually does recover.

[Anonymous No.26990011]

>>26989930
>>26976979

SLV prospectus is also important to save and share.

[Anonymous No.26990150]

>>26976979
>>26990011
>>26989930

And this admission by the regulators that the COMEX is supposed to frighten people with volatility.

Some further points:

"You buy GME to bankrupt the hedge-funds. You buy silver to bankrupt the bankers.

The squeeze on GME has educated the masses about what shorting stocks is and what a short squeeze is. And also how can you bankrupt the shorters if you fight back. It was only a matter of time before they would go on to learn about the ultimate short squeeze--silver. Now we simply need to keep them out of SLV."

[Anonymous No.26990179]

>>26989971
I do believe that Kiyosaki said that gold and silver were God's money.

[Anonymous No.26990225]

I see this announcement, "BAEX is a new gem," almost everywhere. Did you see that? I checked this system, this is a defi binary platform with different shares, indexes, fiat & crypto pairs. Does anyone use it? They also offer a bonus program to earn on the invitations: #baex

[Anonymous No.26990263]

Make sure we keep "spreading the news" of how short the comex and forex market is in silver. Maybe sprinkle some Basel III hype in with it

[Anonymous No.26990274]

What Big companies are behind the mining operations?

[Anonymous No.26990380]

>>26989694
Imagine there’s a farmer. You don’t have a farm but you do have silver. He has more food than his family can eat. You pay him silver for food.

[Anonymous No.26990413]

>>26990274
grupo mexico, freeport macmoran anglo gold ashanti, newmont, a handful of others

they're not great buys right now. Most of them went 4X last month and are falling now.

[Anonymous No.26990431]

What the fuck does the COMEX actually exist for if only 1% of the contracts are actualised?

Do futures contracts 'roll over' as in say i buy some futures for silver, and no matter the price i can choose to keep them perpetually until i choose to sell them or stand for delivery?

[Anonymous No.26990492]

>>26976979
>>26990150

Some further points.

"Silver is at an all-time low because of some of the most predatory and relentless short-selling which has ever been witnessed. It's in the position which GME was before the squeeze. It should be $966."

"1 billion ounces of silver are regularly dumped on the COMEX in a single day. Which is double the world's annual mine supply. That's about as volatile as it can get and it is done on purpose to scare way normal investors."

"Government stockpiles are at best three weeks' mine supply. And there are only about 100 million ounces mined per year for investment, which is about a $2.5 billion market cap. That's less than Gamestop was before it mooned. Silver is so rare that owning 60 ounces puts you in the top 1% of owners. Owning 30 ounces of gold puts you in the top 1% of gold-owners. To give an idea of how rare silver is in relation to gold. Gold is also mined at a 1:8 ratio with silver. Yet the GSR is 1:70. Historical average is 1:10. There's only 2 times as much silver above-ground as there is gold.

Historical wages for silver align with a $1000 target for silver. Because historically a daily wage was about 1/10th of an ounce. ShadowStats also gives us a $966 inflation-adjusted ATH for silver (which was simply a discovery of true value by the Hunt Brothers) as does calculating a 1:1 DGR and 1:15 GSR, which we had in 1980. Also simply a common-sense analysis of how rare and valuable silver is.

At $1000 silver the companies would simply have to pay more for the silver and that would be that. Higher silver prices wouldn't crash anything except the banks. If we go on with this manipulated silver price for a few more years then silver (which is essential for modern life) is simply going to disappear anyway. All the high-grade deposits are pretty much gone and we have virtually no stockpiles. We need a $1000 silver price for the future prosperity of mankind.

[Anonymous No.26990523]

>>26999999

[Anonymous No.26990562]

>>26990431
Yeah as long as there is a seller for the contract you want to roll to. The comex was kinda meant to increase vol in the metals market. Just look at when they implemented it. And most of that shit is likely leased out from other people.

[Anonymous No.26990585]

>>26989251
>dip
lmao
it already did

[Anonymous No.26990627]

>>26989971
True.
>>26989979
Nice, keep well anon.

[Anonymous No.26990685]

>>26990627
Thanks man, you too. I will keep coming though, maybe even post my stack when I have it.

[Anonymous No.26990697]

>>26990562
>And most of that shit is likely leased out from other people.
or betting on mines to produce it in future if the price rises

[Anonymous No.26990704]

>>26989251
Yes wait until it dips from $100 to $80

[Anonymous No.26990986]

>>26990697
>50 posts by this id
True fear. Go to bed glowie

[Anonymous No.26991005]

>>26989930
>>26990011
>>26990150
>>26990492
Lol thats stupid
why would I want to have random pieces of metal lying around, idc about deliveries

[Anonymous No.26991112]

>>26990986
>True fear.
I fear nothing
>Go to bed glowie
everyone here knows I'm a glowie

[Anonymous No.26991143]

>>26973572
Who be baking

[Anonymous No.26991221]

>>26991143
do it, it aint hard

[Anonymous No.26991245]

IT'S HAPPENING

[Anonymous No.26991247]

>>26991112
>>True fear.
>I fear nothing

[Anonymous No.26991315]

>>26990685
Looking forward to it, let's get some fat stacks.

[Anonymous No.26991352]

>>26991247
neither jews nor feds fear you buying metals

we tax you or charge you interest on every buy and sell. You guys literally pay my wages.

[Anonymous No.26991376]

>>26991221
I’m phonefagging

[Anonymous No.26991434]

>>26991376
ok what do you want for the pic?

[Anonymous No.26991473]

If price difference between physical and paper silver become significant enough to justify taking COMEX deliveries will COMEX crash happen?
Will industry and mints take deliveries for cheaper silver? What are current rules for taking deliveries? You just need to buy 5000oz silver future and take delivery or did they change it?

[Anonymous No.26991697]

>>26991352
>neither jews nor feds fear you buying metals
>we tax you or charge you interest on every buy and sell. You guys literally pay my wages.

[Anonymous No.26991952]

>>26977272
>>26976245
only buy ATM. Normally I go .02 c higher than lowest ask to guarantee a fill.

[Anonymous No.26991954]

>>26991473
There are videos from Robert Kientz and others that have basically been seeing large futures positions being opened the day before settlement after a slamdown. And then disappearing without being rolled over.
Last year was full of large funds using the COMEX as spot delivery.

[Anonymous No.26991959]

Stupid question. But fidelity isn't letting me transfer funds to my brokerage account. I was able to contribute to my Roth IRA no problems, but I can't ETF shit from my bank to my brokerage account. I don't want to fund my roth ira and pull funds from there for a brokerage account.

[Anonymous No.26992184]

>>26991843
>>26991843
>>26991843

[Anonymous No.26992212]

>>26991952
>ATM
what?

[Anonymous No.26992298]

>>26992085
>>>26991697 (You)
> >>25991843
> >>25991843
> >>25991843
> new
Do not use the glowie bread

You know hes a big shot because he stared at the post cooldown screen for 4 hours starting at 1 am