/pmg/ - Precious Metals General

Just got 15 of these bad boys. Kept this one out of the tube to admire every now and again

they're apparently doing a 1/3 oz round now

Pic related these little fuckers are going into the oven and there's nothing you can do to stop me.

I guess the oracle of Omaha is a dumbass.

What are you going to make with the copper?

Good. I would like to know the results. How much did you pay your lawyer?

I'm focused on the silver glut

Jewelry: Typically, around 15-20% of mined silver is used for jewelry fabrication.

Silverware: About 5-10% of mined silver is used for silverware and decorative items.
Investment: The investment category, which includes both silver coins and bullion. In recent years, this has been around 15-20% of total silver mined.

Basically 50% of all the silver that is mined is put into millions of piles (500 million ounces per year) that get bigger every year, billions and billions of ounces, tens of billions

Wire.

How much did you pay your lawyer?

He is already on payroll so it didn't cost extra.

Let’s say that all the silver that’s ever been mined still exists and hasn’t been used in industry never to be recovered again.
56 billion ounces of silver is still a smaller market cap than bitcoin. And it actually has uses!
Huge upside potential.

Proving once again there's nothing dumber than a stacktard. Buffet bought silver to sell to the SLV etf he knew paper silver would drive up the price.

Lmao i learned from Buffet and bought bitcoin from GBTC at a discount that then got sold to the ETFs and made a few million $ . I even told you incels about the opportunity. Bbbbbbbut muh IQELITE derangement syndrome....Lmao you luddites lost big time. Kektop!

Yeah if you convince people to start destroying 500 million ounces of excess silver production
annualy silver might go up . What's your plan?

Nothing dumber than IQDELET
Can’t even understand market cap

How many ounces does /pmg/ think are really above ground in usable form?
ChatGPT says 6-7 billion and I also have picrel from CPM group.

According to the silver Institute there were 4.8 billion ounces of glut accumulated in the last ten years alone, so probably at least 4 times that much in total. 20 billion ounces at a minimum.

Think I can see some Zincolns in there

Watch pennies go up in value now that they're discontinued

You know each year the US mint sharted something like 4 billions pennies, right? Even 4,000 years from now they still wont have any numismatic value. Hell, you can find thousands of roman nummi on ebay for less than a buck and they were made in far fewer number in the 800 years of the roman empire than during 2010-2015 in the US.

it looks gold is going to 25k according to Kiyosaki

Kiyosaki

You got some balls to spell this grifting sack of megashit name around here, hombre.

youtube.com/watch?v=uiq9P5jLEj4

Yeah frog legs are disgusting too.

tell me you've never had good frog legs, without telling me
fresh legs are sweet and juicy, frozen legs are dry and taste like a fishy chicken wing
nice toilet shot, needed wife to be taking a dump to be 10/10

How much percentage of your saving should be in precious metals?
If I currently own 30 000 € in a savings bank account should I aim for 3k in metals ?
(27k + 3k)

If fundamentals were as bearish for silver as you claim you wouldn't have to outright lie. That chart shows demand outpacing supply the last 4 years you stinky 3rd world monkey

I have 20x more in PMs than I do in my savings account.

Classic shill tactic, just throw up noise and hope nobody reads into it any deeper than surface level

ITS A TOTAL FREAKSHOW I AM LAUGHING I SHOULDNT BE LAUGHING BUT I AM LAUGHING

ITS TOTALLY KINO IM STACKING ASAHI I SHOULD BE STACKING EAGLES BUT IM STACKING ASAHI

For me its the sovs with vicky

There's a 20 to 50 billion ounce glut that gets bigger everyday. Ignore it if you want just like you can ignore that you loved kiyosaki until he endorsed bitcoin. Not my problem

your own source discredits you

"Silver institute says X"

Shows Y instead

bro is a special case

Why would anyone give a shit that we buy silver?

Because someone out there doesn't want the public buying silver.

Because Pokemon cards and Bitcoin are worthless but silver actually has physical value so they suppress it

The Jews and their schemes have turned Silver into the achilles heel for their entire grift system

If demand for Silver were to go high enough they'd be fucked.

Lmao, one of the silverscammers main and dumbest talking points is you should buy silver because the government doesn't you to

He just ignores posts that show how retarded he is.
The Silver Institute he uses claim there is only 2.5 million ounces of above ground silver.

Not a single person who matters would care if silver were $10,000 per ounce, even i would be happy you are no longer broke incel losers

bitcoin is superior to silver and will continue to vastly outperform

Bitcoin growth will slow ALOT

Probably only get 35% gains per year on average.$2,000,000 by 2035

Silver won't break $100

brainlet here
how come they are different colors even though they both contain the same amount of gold? different alloy?

*billion

What is your exit/selling strategy?

This articles claims the Silver Institute leaves out 25 billion ounces of above ground silver in the form of jewelry, etc.
cpmgroup.com/how-much-silver-is-above-ground/

Take it to the grave....kektop! The immigrant who cleans out their apartment after they die will either use the coins to by MD20/20 or chuck it in the garbage 50/50 odds. Lmao

That's a 50 year industrial supply in jewellery alone. Now add in silverwear and frog rounds. It will all get sold at various price points higher or lower than current. Once yall acknowledge this we can move on to my next point.

Is anyone actually listening to this moron who keeps posting but doesn't even have a sufficient education to use proper spelling or grammar?

I've seen TikTok zoomers who post with more literacy than this doofus.

i just filter him

It includes all that so it estimates about 27.5 billion ounces.
That’s still only a market cap of around 960 billion.
Tiny.

OK, so pmg admits there's a 50 year supply of refined silver at current industrial usage?

But why do you include that dumb image from last year, hurr durr government buys silver at market price?

All this silver is spread out in jewelry, silverware, religious objects, etc. people still have to sell it for it to be used and that might not happen until much higher prices.
The COMEX and LBMA only hold a fraction of that so there really could be silver shortages.

You forgot to mention coins, bars and frog rounds

people still have to sell it for it to be used and that might not happen until much higher prices.

Did you not see this happening in 1980-2000, 2011 and even 2021? It would happen today at $50

If you don't think it happens go to your local goodwill or salvation army, you will likely see several finely crafted silverwear boxes, empty for some reason

/pmg/ deserves better quality shills the jews should stop sending us retards

You forgot to mention

No I didn’t. That’s included in the 27.5 billion ounces. Did you even read the article or is that too hard for you?

Honestly, yeah.

Don't bother arguing to him, he's going to repeat the same shit regardless.

Lmao crybaby why didn't you mention it scammy?

scammy

Crypto is the only scam mentioned ITT.

Lmao you are a silver scam victim. Scam victims hate the people that prove they got scammed. Not my problem

Because in a world where 90% of the investable money go toward immaterial bullshit "financial products" backed by nothing but lies and ponzis, purchasing a key rare element vital for dozens of industries is the only move that make sense. But also the only move the infinite capital sellers (firstly the government, then wall streets) counter, unless they unlaw it.
They can't fake it. They can create as many shares, as many shitcoins, as many Tbonds, as many IOUs, as many ETFs, as many garbage CDOs, as many unbacked securities as they want.
But they can't create physical silver and gold. They just can't lol. So they can't fuck you by dilluting your ass. What if Nvidia's market cap were to be redirected onto phys silver? That's just ONE company, -a semivaporwave one at that-, with a PE of 600 ffs. Just that money from boomers' stocks on ONE company would bring all existing stocks of silver to below zero worldwide. Then Nvidia can't make graphic cards because they don't have silver, at least for a while, waiting for mines to deliver. And ofc the best bidder will get it first out of the mine, that's when you'd see unbelievable numbers on the silver ounce. Stopped assembly lines loses headspinning amounts of cash when they don't operate, so no matter the cost, the silver must be there, industrials wont even try to negociate the first few months, they need the shit NOW. You don't stop producing millions of motherboards weekly in a high tech gigafactory who costed 10 billions USD to make and who employ half the chingyuang province, just because you can't get silver switches and silver plated fast wiring at a price you don't like. You pay it even $1000/oz if required, and for as long as your R&D department doesn't offer an alternative to bypass silver.

The shit is too rare to miss the chance of owning real scarce, vital resource. Don't care about infinite fun numbers online, just give me silver.

Imagine arguing with someone who has deleted their iq.

Silver scam victims would rather be scammed than find out they got scammed. Kektop!

All this silver is spread out in jewelry, silverware, religious objects, etc. people still have to sell it for it to be used and that might not happen until much higher prices.

Do you often see any object made out of silver in your day-to-day life? Before i started to actually look for it and actively chase after it, i think i've never seen any item in silver 30 years, exclusing jewelry.

Before i purchase my own, i've never seen silver forks, or silver cups. Never seen silver tobacco pouches, silver ball handbags, silver cannes, silver buttons, silver card visit holder, silver flasks, silver pitchers, saucers, etc..
Never seen anything made out of silver in anyone's house i know of, not even the 90yo gramps (RIP to them, all four died not long after the vax, sure they were old but the post-vax downfall was kinda obvious af).

So only jewelry still exist in the average amerimutt family home.
For starter, that's not much, half a dozen bracelets, few collars and earings don't weight much. And women are emotionally attached to their pet beauty items. And nowaday the weight in precious metal is getting very light on most jewels. Very jewish from the jewellers desu, when you see the cheapest silver collars weighting like 1/3rd oz sold for $130+, that's a bit vomit inducing. But women don't know better so lets go.

Another [791,000 tonnes] are estimated to exist in jewelry and decorative and religious objects, much of which is recoverable and easily refined into bullion or used directly in various manufacturing applications

So you think this number is overstated and there is far less silver out there.

30 billion ounces, it's your problem than you can't see it, lmao silver is a scam

There's 5 billion ounces purchased in the last ten yearsAccording to silver scammers

Working overtime on a Saturday, hm? Why would IQ do such a thing?

silver jewelry isn't very popular in the US. It's viewed as cheap, targeted at poor people. Nobody likes showing off that they're poor.

I would guess most of the silver jewelry in the world is probably in india and other relatively poorer countries in asia and latin america

where silver sees use in jewelry in the US it's usually as a gold alloy. Gold jewelry is often diluted with silver and copper.

30BN ounces

8BN people on the planet.

So that is about 3.75 ounces per person? Yea, I'm just gonna buy as much of this shit as I can while I can. I can always earn more dollars. I don't think I can always buy cheap silver.

Let’s say your average family can scrounge up 10 ounces of silver with all the bullshit you just mentioned…

14 silver dimes = 1 ounce of silver. A silver dime was a days wage historically. So 1 ounce of silver = 14 silver dimes. So you get basically a half years head start in the new system when they revalue gold/silver. Sure that sucks but now there is a baseline where people have just enough savings where they can start from there without being destitute.

Let’s say your average family can scrounge up 10 ounces of silver with all the bullshit you just mentioned…

seems extremely optimistic

I'd be very surprised if the average american household had one ounce of silver outside of electronics, dental fillings, gold jewelry and such.

Exactly no one NO ONE wants silver

Silver lives rent-free in your head.

Lol sure

Americans in general are profligate consumers. We have a couple vehicles, a house, maybe a boat and an RV and some motorcycles and ATV's. Maybe some bikes and sports equipment. Probably guns. Tons of electronics and subscriptions. We have tools and toys. Clothes and jewelry. Dishes and pots. Home appliances.

but just chunks of raw metal sitting around is probably pretty rare. If someone was going to buy metal for an emergency they'd probably get gold. And even that's not common.

Y'all low iq racist goyim stacktards better not be buying silver

People who want silver for its own sake are generally preppers. People who don't care for government and corporate power and believe they could survive just fine without that.

It would be a mistake to think this isn't a significant fraction of the US population though. Probably most republicans are preppers to greater or lesser extent. Libertarians are almost invariably preppers, and even about a third of democrats engage in some prepping behavior. It's not paranoia, it's part of our culture and history and it's considered your duty as a citizen to be prepared for large emergencies.

Anon Babble isn't a representative sample of america. Anon Babble is even less representative, and /pmg/ is even less representative than Anon Babble or Anon Babble.

in real life there are millions of americans out there stacking silver that you've never heard of and never will. Most of them don't talk about it online.

but millions of americans isn't enough to really throw off the averages. It's enough to take over your entire country, but that's not saying much.

It's enough to take over your entire country, but that's not saying much.

stackers and preppers in the US are almost certainly well enough armed to conquer Peru.

but even that's not necessary. They could probably just buy the place outright.

they may not be the average american, but there's so many americans with so much money that people in Peru probably can't imagine it.

Let’s say your average family can scrounge up 10 ounces of silver

No way

Here's a question - how are CBDC and PMs related? It sounds to me like the implication is that CBDC will be controlled by the gold standard, more or less. And that the increasing demand for silver in the coming years will cause silver to moon as well, right? How would these factors interact with each other?

Hey mister Bergstein. You can eat my shit.

Different alloy but also alloys patina. Compare a new gold Krug to a Krug from 1975 and you will see the difference. The copper in the alloy will patina and lose the rosy hue.

It's a meme you dip

iTs A mEmE

Yeah no shit. That's why I gave a meme response...
Enjoy some Swiss coins.

Very nice

why does that one have a hole?

jewish pervian hands typed this.

dubs check

The Gold and Silver revolution is soon...

It may have been a piece used for jewelry or something decorative at some point. It was thee cheapest 90% Swiss 5 Franc on eBay when I bought it.

but there's 66 gorillion ounces of non-industrial, non-investment grade silver out there which is definitely feasible to salvage at $35/oz