/pmg/ - Precious Metals General

gold/silver stocks are a stock like any other. you take on the risk of it going to zero like every other stock when the time comes. and of course you can forget about any physical delivery lol

Doh! Haha.

Buying silver/gold stocks is retarded

go to /smg/ faggot

Faggots

Mainly I want to track at least some of the performance of gold while saving up to buy it because I don't really want to be buying coins less than a quarter or maybe tenth of an oz all the time. My main concern with this though is the fund goes down while physical goes up. If both go down its not too big a deal because I could just use more cash instead

To each their own. My issue is with the discussion taking place here. Juniors are turning and during the last few weeks while all my other picks have been bleeding slowly the Jr minors are all up bigly. Most of my wealth is in physical and I have a distrust for paper claims and stocks in general but it's a good vehicle to increase my physical stack, so I have small exposure to that market. Saying it is retarded outs you as the one with the smol brain.

You're responsible for capital gains now

shills are now posting entire threads advocating for /pmg/ to be banned

what level of glowniggery are we at now?

POST THE FUCKING MAC

stock discussion isn't for /pmg/

Rock discussion on the other hand...

As the other anon said, you'll have to pay capital gains when you sell your stocks to buy physical, but I guess if you were just going to put that money in a bank account anyway, it's not the worst thing that could happen. If it goes down and you sell at a loss, then you're just shooting yourself though, you wouldn't be able to properly take advantage of any dips that may come your way. Personally, I'd just put it in an HYSA or a money market to get 4% while you save up.

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

capital gains when you sell your stocks to buy physical, but I guess if you were just going to

Lmao nothing dumber than a stacktard. Read the tax code not ranting of depressed incel loser

Lmao stacktards want to ban pmg, lmao tired of getting squashed by IQELITE.....lookey here! Bwah ha ha ha ha ha

Evening gents

evening. nice coins

Golden Cock Edition

.......

love 1921 high relief peace dollars

A5aTmWGw
I own SBSW, ANGPY, and IMPUY, along with a litany of silver and gold miners, on top of owning a shit ton of physical.

Gold and silver are a replacement for bonds and USD, both of which are terrible compared to metals.

Comparing real money to speculative stocks is completely retarded. You are an embarassment to your culture, yourself, and your family line.

what level of glowniggery are we at now?

OH, WE ARE ONLY BEGINNING TO GLOW.
>Just waiting for the dirty bomb to go off in a major metropolitan city at this point.

kinda wish i ordered it :(

You snooze you lose.

I've learned that the hard way too.

It's that time of the week again to check the fuse, anons!

Wish they'd get on with it so I can buy a roll for 600

Interesting, also note that COMEX has increased their inventory of silver to 400 billion ounces. They must have been scared of the silver squeeze where incels criminals tried to corner the market and failed

Comex showing you their inventory be like

400 billion ounces

Which is obviously wrong. Thank you for reminding us that the COMEX is totally fraudulent.

Which is obviously wrong. Thank you for reminding us that the Google is totally fraudulent.

No lol.

just 2 more weeks

Next gold dip when?

Not sure how they calculate this, but 3 billions seems really low, that's not even 4 years of mining total supply. Even if you remove 60% of it destroyed by industrial demand, it leaves 320Moz/year destined to investment/potential investment vehicles, in this i count : comex bars, rounds/coins, jewelry, silverware.
So our total silver in circulation (once again i'm not sure what to do with this term, it's a bit vague since currently zero currency uses silver) is approx. equal to 10 years of investment grade silver.
It's not much at all... We mine silver since the dawn of time, and it's precious so people take care of it, there is still a lot of 1960s junk out there, i don't see how we can end up with reserves of only 3 billions oz left??

I only see 3 options :

this figure isn't accurate

like, at all

the "circulation" doesn't match my definition

could very well be that, but even if it only encompass only .999 bars & coins the figure seems low

our deficit is MUCH larger (or happening since much longer) than the current 200Moz they claim we are consooming in excess to production each year

If so, unreal how bullish it would be, because it means we may consume 1 and half year -or more- of silver production each year, and no way to fix the lack of supply. At this pace it wont take long before all silver reserves above ground completely disappear. After all, it's not been that long since as advanced civilization we mine mindblowing quantities of silver. In one year nowaday we mine what mankind used to mine in one MILLENIA (850Moz) during the feudal/middle age/renaissance.
But i don't see why the silver institute wouldn't mention it in their yearly reports.

So which one it is to your opinion?

because it means we may consume 1 and half year -or more- of silver production each year

We have been in a deficit for the past 6 years.

I'm retarded so I don't know what any of these lines mean. Think I'll just buy more silver.

Yes, but in this deficit figure there are still 320Moz added to the investment supply each year.

but in this deficit figure there are still 320Moz added to the investment supply each year.

Are you familiar with "paper" silver?

For comparison, total investment grade physical gold availible worldwide is valued at $12.5T currently. At $3,200/oz, that's 3.9 billions oz of gold. So almost 1 billion more ounces than our silver reserves..

is there any type of jewelry that can actually function as an investment as well as fashion? Or is it all a scam since its usually alloys with a high premium.

We are talking only physical supply here. Mines produces 850Moz of pure, 320Moz of which ends up as investment bars/coins & jewelry. Idk why you bring in paper in the equation.

Says he's retarded

Says he buys silver

Lmao

3rd option. WAGMI
mene.com/

is there any type of jewelry that can actually function as an investment as well as fashion?

Sure : 2nd hand jewerly you pay at spot. Anything new forget about it. Even the ones larping as such like Mené.

Silver "supply" versus physical are 2 very different things.

It's even worse than that 500 million per year in jewelry, silverwear and investment, over ten years that's 5 billion ounces. All that overhang, if prices go up that gets sold off. Add in the tens of billions of ounces of old coins so of course they say dumb shit like muh paper silver as cope

You seems to be very confused. Why do you keep bringing in derivatives in the matter? Please ask some anon to make it clearer for (you) because i already explained it in the simplest terms i can think of.

nobody has old silverware (not wear) anymore

But i don't see why the silver institute wouldn't mention it in their yearly reports.

bix weir says the silver institute is a bunch of charlatans

I legit know zero (0) relatives who own silverware. Even the well-off boomers i know, who logically would be the main demographic owning some, either sold it all a long time ago or never owned any.
My hope is old silverware will end up commanding a premium because it's been constantly melted down for the past 50 years (since the Hunt bros really) with no regards to their collectability and historic relevance.

i have some boomer relatives that bring it out for holidays