/pmg/ - Precious Metals General

runs out of gold

everyone turns to silver

Gold opens the door, silver runs through it.

trying to sell 60 ounces of silver

Silver actually even took a good 50% dump when the 2008 recession started, then in 2 years it was going straight up.

I am mildly concerned

Wild. My LCS only has super highly circulated constitutional and really banged up generic stuff. He's is a true capitalist though, and I can't ever see him turning away silver. I once saw him buy 250k of silver from an old man who was cashing out to buy a barn.

Gold though, you're right, it's a little tougher to find locally for me unless I want to shell out for larger bars. I picked up a 1oz coin a couple weeks ago, but he only had 3 to sell at the time, and two were numismatic pieces...which I can respect...but don't care for, nor would I pay for.

Gold opens the door, silver runs through it.

This is how I see it happening as well.

doomer tranny

silver is bad spam

many such cases

1 pbtid

probably only talked to 1 shop and didn't like the price they were offering

"time to FUD /pmg/"

ID contains JOO

omae wa mou shindeiru

what kind of marks? reichsmarks?

Silvers performance is absolutely Abhorrent. I like owning a little bit, but its not an "investment" like gold is an investment. Silver is purely speculative. And its a good way for poor people with limited income to get into metals

normies see line go up

they buy, because they are retard.

They literally buy high, see their money disappearing as line go down, then get scared and sell low.
I know a guy who did that with bitcoin, bought in about 2021, missed the first big spike, then sold when it went low again and made a loss. if he had just held for the long run he would have made even more.
they literally thin:

"oh this thing is going up, it will only go up even more now, time to buy"

If I see shit going up a lot, I'm not interested. You have to catch that wave EARLY or it is too late, it's when i see shit going down, that's when I'm interested. bought most of my bitcoin in nov 2022. Look at that point on a graph. I told everyone to buy and they said:

"no line go down, it can only go down even more now, bitcoin will go to 0"

I love funnelling bitcoin profits into what I think is the early rise of silver. Regardless, I'd rather have silver than bitcoin.

Silver is purely speculative

Uhh... no it's not. And... no, it's not.

someone please post the silver coins owner ranking system

I got you shipmate

please never stop posting pirate fren

Anyone else getting some 2025 40th anniversary eagles?

I do what I want.
because a pirate is free.

i love the appearance of gold/silver D&C shills
just proves we are on the right track

Chunky Edition

Thats the pozzed (((woke))) version, heres the real one.

Gold isn't an investment at all, it's just a safe place to park large amounts of wealth. Silver meanwhile is THE investment of the century as points out

But you already knew that didn't you fucking retard faggot shill

heckin' chonk

lookin good mate

If your going to do the pirate thing at least go with a less cheesy/faggy looking pirate, at least go with proper real sea fairing sailors.

I loved trading in my fiat shitcoins for gold, the past 2 years I haven't gotten any raises at work, yet gold is 50% higher. It's like I've essentially taken a 1/3rd pay cut for wagecucking.

the one that got away was always my favorite.

What ever happened to the silver sisters?

Still stacking old copper pennies, got about 5000 now

And its a good way for poor people with limited income to get into metals

i mean you could also just buy 1g gold bars

personally i'm buying silver cause i think the coins are pretty and gold is fucking giga expensive right now, but if you wanted gold, even if you're poor, you could just buy tiny bars

i mean you could also just buy 1g gold bars

no, 1g gold bars are a waste of money. either save up for a real size or buy silver.

Thousands of Bank of America customers showing $0 in their bank accounts. Habbening? They should have been their own bank.

1oz of gold = 5lbs of silver

my bags are feeling heavy sisters

60oz gold and 400oz silver here (and 40kg copper), am i gonna make it? Cant make photos cause i dont storage it here.
Plan to get 1600oz more silver this year, i wont buy gold anymore

Even 1g is only 15% over spot, whereas a 1oz silver costs 30% over spot without haggling over third party deals

yep. also where i live, much as with many other european countries, you pay VAT on silver (20% ish) whereas gold is VAT free.

again the real reason i'd rather buy silver than gold right now is just that silver isn't as massively high in price right now. also i like looking at the coins durr

if you can't find silver for less than 30% premium, that's what we call a you problem

the article isn't saying don't buy gold, it's saying don't buy gold at costco because they charge higher premiums, sell out quickly, and you have to buy a membership just to shop there. Instead buy from a bullion dealer.

jpost.com/business-and-innovation/precious-metals/article-820402

But is it just me or does it seem like this article was written by chatgpt, the way it's organized and some of the things they bring up don't really seem relevant.

VAT, otherwise its just a PITA spending time and effort buying on forums to not get stupidly overcharged

...or scammed

FUUUUUCK BRAH. 60 ounces of GOLD???? I thought 5-10 ounces gold was a make it stack. You be real rich if the gold standard comes back

I read the article and the first alternative they suggest is gold IRAs lmao

5-10 oz of gold is like 20 000$. even i could affort that and i'm a gigapoorfag

40kg copper

lmao why bother? do you speculate it will go up massively?

btw is anyone here actually selling their gold right now? i know it's sort of agains /pmg/ principles but man, i know a guy whos got a kilo of gold which he bought for a third of what it's worth now. i'd be selling that shit in a heartbeat. put the money in something stable and just buy more gold with it when the price inevitably goes down

To be fair I picked up a 10oz copper geiger bar for about £15 a while back as a joke, looking at ebay they go for double or even near triple that now

be me

hit /pmg/

trying to relax with the frens

immediately see a 1PBTID silver fudder with retarded claims not even 10 posts in

have JOO in ID

my day is ruined

I am mildly annoyed

If the gold standard was brought back private gold ownership would be severely limited again. Gold used to be a controlled substance, and its possession was presumptively banned.

Cant make photos cause i dont storage it here.

Let me guess, your paying some vaulting company to "mind" it for you.

10oz copper geiger bar

FEINKUPFER does have a nice ring to it. considering buying one off craigslist myself, i guess if i get scammed on my feinkupfer i aint losing much

runs as "Libertarian"

"converts" to judaism after getting into office

exports nation's gold reserves

Cunt.

I’m a silver fudder and I just slurped today

I think in the future these memes may actually be useful, insofar as they cost about what 1oz of silver costs now, and in the future true poors may pick them up instead of even silver if the price does moon

wait why the fuck are they selling kilo bars of copper for 33.3€ when the actual price market price for copper is at nine bucks? that's almost 300% premium, is it a retard tax for buying copper bars?

One night i was drunk and ordered 12 5kg copper bars, gifted 4 of them to frens
Dont know what got into me
Its at my moms place, im living in a small flat with a fren atm

At least they'll have something to barter with lmao, based gentleman distributing copper to the normies

Lol, numbers on a screen.

HGMJA

HGMJA

Huh?

why the fuck are they selling kilo bars of copper for 33.3€

Do the maths, Most of these mints a run by (((cultists)))

If your going to do the pirate thing at least go with a less cheesy/faggy looking pirate

OR, I could have fun.

at least go with proper real sea fairing sailors.

aka poor pirates.
wait no, sailors? not even pirates!
You piqued my interest about how accurate a portrayal captain hook is and consulting my illustrated pirate history book, which contains portraits and woodcuts from 1600, and also searching up what was popular fashion for the well-to-do in the 1600's and 1700's, turns out captain hook there's pretty spot on.

Wait everyones crypto wallets read the same thing.

copper pennies

This remind me the state is so broke it cant even produce pennies anymore

We can't do without pennies. The smallest denomination would then be the nickel. Half the population of America is unable to round to the nearest 5 cents on transactions with remainders.
Chaos would ensue.

Gold used to be a controlled substance, and its possession was presumptively banned.

this always gets me thinking
Lets say that hypothetically america returns to the Gold standard and makes possesion of Gold illegal again would you be okay with it assuming they wont devalue the value of the Dollar?
it wouldnt be complelty unheard of Gold and Silver have been illegal for longer than they have been legal now and america in the 50 or 60 wasnt exactly a bad time to be around
Then again saying that youre paper money is actually peged to Gold while simultaniosly making iot illegal to own Gold makes the whole concept kinda pointless

Cant make photos cause i dont storage it here.

let me guess, you bought vaulted garbage

muh numbeeeerrrrrsssss

Any other plat stackers? How many oz of plat to make it? I have 5,900 shares of Sibanye but am new to stacking physical (2) oz owned & (2) moar in the mail.

what is platinum primarily used for?

5,900 shares of Sibanye

2oz of platinum

new to stacking physical

Just make sure you get a good set of knee pads before the banks go down.

34 dollars
55 half dollars
212 quarters
231 dimes

I have physical gold (1.5-2.5oz) & silver (probably 300+oz) but it’s all in the form of jewelry (wedding bands from grandparents + 2 gold Rolex’s), sterling silver cutlery (grandparents), sterling cups & plates etc.
what is make it stack for plat? I’m stacking newfag most of $ is in stocks and real estate
$5,000,000 NW 28 WM FL

So uh

it sounds like Bank of America just did bails ins under everyone's noses

At the end of the day Gold is the first thing people go to when they think money, Silver is always second.
I think the fundamentals of long Silver right now are good but I'm not delusional about it.

Catalytic Converters.
It has a few more niche uses but the overwhelming majority of production goes to automotive.

You have things backwards. Gold was made illegal in the USA as part of the scheme for getting OFF the gold standard. And what could you possibly mean by saying that gold and silver were illegal for longer than they were legal? Gold and silver have been the world's money, jingling in the pockets of peasants and lords alike, for most of human history. It was only the advent of the American fiat scam, initiated less than a hundred years ago, that took specie out of the hands of the people..

I have over 100k USD in an annuity, should I take the penalty and just load up on PM's?

Many oz of plat to make it?

What did he mean by that?

But platinum is critical to hydrogen fuel, both generating it and in fuel cells to burn it. There is a good case to be made that in the long term, the world will run on nuclear power used to generate hydrogen. But I wouldn't buy platinum until you are well stocked with silver and gold.

Penalty is what, 10% if you're in the US? I think PMs would go up more than that personally.

muh hydrogen
it's a meme

yes, fuck those penalties. they don't matter. eat em and buy real wealth

As between Toyota Motor Company and anonymous guy on the internet who uses the word "meme" in his analysis, I guess I'll go with Toyota.

If you decide to buy a large amount of PMs, I'd suggest spreading out the orders across dealers over some time, because there's a threshold where they are required to report large purchases and sales to the IRS.

We're going to wake up to find out ALL Western gold has been moved to Israel.

lol, possible

Oh it doesn't end there, the next day the brics are forced to nuke pissrael and all the Gold is evaporated sending the spot to 10 Billion an Ounce.

me numbers' digitally vanished! i'm ruined!

kek, you'll never be real money

Ha. Heh. AHAHAHAHAHAHAHAHAHA

Any advice for a coinlet newfag like me? I have an okay bit of junk/sterling silver and a few ounces of confirmed gold coming from family at some point.

Was considering picrel to start a nice silver stack, is it worth it to buy at a buck or two above the spot? Or would this be retarded?

'tis a fine stack of constitutional innit, my good fren

carry on

Wouldn't surprise me in the slightest tbdesu. Anytime a new ""leader"" appear in the EU, their first move is to secretly send people's gold to the US/Israel. Then we learn about it months or years later and they always pull up the worst excuses for looting our reserves.

I believe this Rashad dude will soon be alleged to be part of the Hamas leadership kek.

Can I have an explanation as to how and why silver is trading so much lower than it's 2011 high? Is it because there are so many reserves/resources? Is it because silver is mainly mined as a byproduct and therefore it is not the focus as opposed to Gold and copper?

the sun is powered by what?

shill for the qweer lifestyle

Is it because silver is mainly mined as a byproduct and therefore it is not the focus as opposed to Gold and copper?

Yes, for a good part. Another reason is how much paper silver get sold on the markets, they are the vast majority of related purchases for investment purposes.

she's finally looking like the trailer trash crackhead mom she always was meant to be.

Ok but don't ppl see the scam from paper?

If she had a gun, she'd only shoot jews.

Damn! Nice canuck stack fren!

Some do yes. But the big players like the hedge funds, pension funds, institutional investors,... find silver to be too cumbersome and do not want to have to deal with storage, logistics & insurance fees related to the physical medium. Having the fake stuff is much more convenient for trading purposes (until it isn't).
Every retarded decision we are witnessing comes from the belief the statu quo is eternal.

Then you could also argue there is simply way too much fiat money who NEED to be invested (or else being eaten by currency devaluation/dilution) and there are way too few physical vehicles to support this strain without a massive revaluation. So the only way to keep the statu quo valid is to invest said fiat money into (digitalized) representations of the vehicles, said representations you can duplicate ad infinitum.
A while back i made some lenghty posts explaining how any billionaire could easily corner the silver market, but why they will never do so, because the richfags are the ones needing the most the current statu quo to continue to exist, it's how they got rich in the first place. But they also understand they cannot take more than their fair share, unless it's in the digital realm, where they can buy as many assets as they want to with their fake monies, since we can issue as many fake assets as we want.

That's also why they push all the normies to only invest in those etherical assets (401k, REIT, stock options,..). Even for the plebs there is no remotely enough gold and silver to go around. Not even for 1% at the current valuation.

I imagine how pleasant it was to hear the *clink clonk* once you put it all back in a bag.

I can get granulated silver at 25% below spot price per gram, is this a good deal?the downside is that I live in a country where selling it back at a good price is difficult.

40kg copper

Jesus Maria

as long as you trust the seller, yeah thats a good price. You could make it up just selling it to a refiner

I see knives, stabby-stabby all news in the carotid…

kekekekekek

This? Silver shot? Or what?
Cheers mate

Seeing as Milei is anti-communist, he's moved Argentina's gold to the Bank of England for two reasons:

1. It gives the western financial institutions more gold to temporarily put on the market to stabilize the fiat price.
2. It's a fuck you to future leftists by putting Argentina's gold in the hands of a western county party institution.

Everyone seems to forget that China is looking to have economic might over all of South America. The United States cannot let that happen, especially to Argentina. The only thing that stops Argentina from being an international powerhouse is its incompetence. China could change that around with its immense funding. Geographically Argentina is OP. Temperate climate, fresh water rivers up and down the entire country, half the country next to the ocean, it fucking amazes me it hasn't happened sooner. If China changed that then Argentina would be indebted to the CCP. It would effectively give China an ally like Australia is to the United States.

ordered a 15toz bar

I do need to stop now and save cash even though I keep saying that and don't.

Confirmed moved to bank of (((england )))?

I've never had a problem restraining myself from purchases above spot. The hard part is when cheapies are involved. Deals don't come around all the time, so when they show up and I'm still sticking to my budget is when the pain sets in.

hard part is when cheapies are involved

We're still in the cheapies. That's the problem...

A lot of coin shops won't even buy shot because it's apparently a pain in the ass to measure out. Maybe that'll change when fiat starts taking a dive though.

Hydrogen fuel is complete snake oil.
Fusion has a better chance of being real and thats saying something.

the point of paper is that it allows the wall street bros to fuck with the price without actually owning it
it is a complete scam but its only functional until someone actually tries to withdraw the silver, which will never happen because all parties involved are in on the game.

very well put anon

until someone actually tries to withdraw the silver

It'll happen with gold first.

gold opens the door, silver runs through it

Yup

Yes, had it tested, its legit.

What do you mean by measure out, surely they can just use a regular scale for weighing it.

Are you locked in for the precious metals bull?

Locked & loaded

Calling it snake oil falls short of fact-based analysis. Can you do better? I'm listening.

Moo...

mood

m.youtube.com/watch?v=BBrMuqs4E4M&pp=ygUeZnJvbnQgbGluZSBhc3NlbWJseSBtaW5kcGhhc2Vy

What is one Oz of platinum considered?

No. I need more, I'm supposed to have a check coming...

jews nuke poorer jews to make a profit to grow their influence while also putting them closer to prophecy numbers regarding slaves

possible
i can see it

TAMP TAMP TAMP

Just let shit moon already dammit.

Oh it doesn't end there, the next day the brics are forced to nuke pissrael and all the Gold is evaporated sending the spot to 10 Billion an Ounce.

Fort Knox is in America and Goldfinger is one hell of an old movie to be getting your ideas from.

probably about 30 silvers

What is one Oz of platinum considered?

30-40. Silver price moves around a lot more than Pt.

looking at the silver monthly chart and just noticed that this september was the highest monthly close since 2012. any thoughts on where gold and silver will be by Christmas?

It really depends on the election

I'm not going to pretend to guess silvers price by Christmas, but I'd say there's a very high chance that gold will be at or over $2.75k by then, easily. I have my doubts it'll drop in price anytime soon, but it could crab averaging $2.7k for the next few months.

not really