/pmg/ - Precious Metals General

Sometime pages won't open, and sometimes suddenly mp4 videos can't be played.

Brave runs on the Chrome open source and removed all the fat. Pretty sure most plugins still work on it

i don't see ads with it. the youtube memory issue will still be there tho

.1 bitcoin or 100,000 ounces of silver for a starter home

Any thoughts on the Taiwanese currency strengthening 10% in the last two trading days?

Any thoughts on the Taiwanese currency strengthening 10% in the last two trading days?

Why though?

CCP gearing up to invade

America hasn't even begun to feel the effects of tariffs

Taiwan is completely cooked without America. When the CCP controls 90% of global computer chip production people will be screaming like never before.

Gold is poised to continue outperforming silver, supported by structural shifts in demand patterns, according to Goldman Sachs.

Strategists at the bank argue that central bank gold purchases—particularly since the freezing of Russian reserves in 2022—have decoupled the two metals, ending a multi-decade pricing correlation.

“The gold-silver price ratio, which historically traded in a 45-80 range, has broken out of this range since 2022,” Lina Thomas and Daan Struyven said in a note. “We don’t expect silver to catch up with the gold rally because higher central bank gold demand has structurally lifted the gold-silver price ratio.”

Gold’s status as a monetary reserve asset has made it increasingly attractive to central banks, while silver’s industrial characteristics have weighed on its relative performance.

The Wall Street giant pointed out that gold is ten times scarcer than silver, 100 times more valuable per troy ounce, and chemically inert, making it more suitable for storage and transport.

In contrast, silver is “more volatile, and less liquid — characteristics that reduce the usefulness as a reserve asset,” the strategists added.

Although China’s solar boom initially provided a tailwind for silver, the recent slowdown in solar production due to oversupply has diminished that support. Meanwhile, ongoing central bank buying is expected to keep gold prices buoyant in 2025, especially amid high U.S. recession risks.

How much will homes and land be worth in au/ag when this fiat debt ponzi scheme unravels?

Hard to say considering my country hasn't had a currency collapse. I can only really go off this for now, which puts it to around 60oz of gold for a house. I have a feeling it will be much lower if there's no CBDC to jump in, but considering the UK is already 99% electronic payment connected and over 90% pays by card, I don't see there being a massive jump. CBDC is government programmable, so they will limit what you can buy and how much you spend. Out of all the places in the world, this dystopian island will be one of the few places that would be able to make it work.

Bitcoins status as a monetary reserve asset has made it increasingly attractive to central banks, while golds lack of industrial characteristics have weighed on its relative performance.

The Wall Street giant pointed out that bitcoin is one thousand times scarcer than gold, 10000 times more valuable per troy ounce, and chemically inert, making it more suitable for storage and transport.

Lmfao, pm bag holders think coin merchants and Peter Schiff aren't just scamming them lmfao. This is sad. 40 glowtards and Todd the drug pusher is all they're sending us? We had more retarded posters before Chan got hacked any they tried harder than this goofball.

You lot in the US have Scott Bessent who shorted the pound and understands the mechanics of bitcoin and currency manipulation. You have Trump who wants a bitcoin standard (all though it is hard to implement and execute). You have people in charge who have a form of protecionisim to uplift people, not just push the 1% into immense wealth further. you have so much more going on for yourselves. The constant US bashing is literally the vampires. That said bitcoin is the neutral asset so regardless of who win, it will just go up massively in a few years. US will win though. UK is beyond fucked. Some other countries in Europe same position especially after US is pulling out support given Germany loves building its pipes to russia while in a nato membership.

EU loves to have its moral superiority but uses the US for help on everything. and then bash the US when they want equal terms.

Boomer father-in-law asked me at a kid's birthday party over the weekend if I could help explain to him the process for buying gold.

Turned into 30 minute conversation with him and another guy about the history of the federal reserve, currency vs. money, the gold standard, etc.
This guy is a gearhead machinist type who never had any interest in finances at all until very recently. I take it as a sign that normies are truly starting to wake up.
We talked about online dealers, but (because he's old) I encouraged him to go to our LCS. His intent is to DCA into gold at 1k/month. We talked about the GSR, but he wasn't ready for all that. Baby steps, I guess. Still. If this old boomer is interested, surely its happening elsewhere.
tldr; christfag stacktard recruited agnostic consumer-boomer to the cause.

how receptive was the other guy?

Correct that is why the US is going to a mixed asset currency such as BRICS. Since BRICS is 40% gold backed, USA will need to match. That's why it's also using ISO 20022 certified crypto such as XRP, XDC, and IBM for a reserve currency, not old shit cryptos such as bitcoin.

Also looks like XRP will be fractional gold and XLM will be fractional silver. Gotta love Precious metal backed crypto currency. Yeah gold and silver are hard to trade in physical form, but that's why tokens will be make.
The foundation to the new global monetary system is commodities and precious metals.

This is what gets me excited. I feel like the best possible currency is right at our doorsteps - commodity backed "cryptocurrency" (I don't really see the distinction between digital currency like we have right now and cryptocurrency, but whatever)

how receptive was the other guy

He the passive-interest kind of guy. Had a general interest but never really acted on it. He mentioned regretting not picking up gold and silver years ago when he was first interested. He is a hobby-jeweler and rock hound/prospector type, so he has a few pounds of silver wire and plate, but never bothered to buy bullion, though he was apparently interested for years. He knew about the GSR and was helping explain it to my in-law. Not sure I convinced him to actually pull the trigger on anything, but he's apparently been flirting with the idea for some time.

Correct that is why the US is going to a mixed asset currency such as BRICS. Since BRICS is 0% gold backed, USA will need to match. That's why it's also not using ISO 20022 certified crypto such as XRP, XDC, and IBM for a reserve currency.

Also looks like bitcoin will be fractional e_gold and ETH will be fractional e_silver but only symbolically cuz pms are fake and gay. Gotta love not going backwards to precious metal currency. Yeah gold and silver are hard to trade in physical form, but that's why we aren't going back.
The foundation to the new global monetary system is bitcoin.

China and the US are gravitating toward war, representing a schism between east and west. All China or Russia have to do is detonate a nuke in orbit and there goes your electronic economy.

China and US going to war is over the control of Taiwan. Whoever controls Taiwan controls the 21st century. That's the Blood Sacrifice Tier BTW.

Lmao, stacktards, in addition to being (broke) financial experts now claim to be military experts. But we all know there's nothing dumber than a stacktard

mintAnon, can you give up an update?

secured a mint flag

update 8kun if you wouldn't mint too pls

he posted pictures of the test round in the last couple threads if you haven't seen those yet.

Something I find interesting is that the cheapest price for silver on lpm.hk is $50.59 for a generic round. Next cheapest is China's new official silver bullion (Silver Dragon) at $74.84 which is actually a pre-order to be delivered in July. I looked it up and the maor online bullion dealers ship to Hong Kong and China, so I guess chinks are just willing to stomach that much of a premium to have offical state bullion? It's pretty interesting to think about how the global market might affect metal prices, despite the great tamping. If BRICS commodity-backed currency gets implemented there's gonna be a lot of private individuals hoovering up silver wherever they can get it.

Gold prices on there are pretty much the same as in the West, if not a little cheaper too. It's interesting that silver is so much more expensive in that market. To my eurobros, is silver more expensive over there than in America?

To my eurobros, is silver more expensive over there than in America?

Yes because VAT

Again, with the constant "fear china". China is losing everything right now ever since they've stopped reporting their data. There is no BRICs aliance and there never will be. They all hate each other for starters. And the US still holds the most gold. A communist party is never honest about its gold holdings. and tarrifs on Switzerland is saying to Switzerland "either you give us access to the CCPs swis bank accounts, or you will be tarrifed forever." Tarrifs are re-alignment nothing more. The pound. The euro will collapse first before the USD. As the USD is backed by the millitary. Europe doesn't have it and never will outcompete. It's over-indebted

Scott Bessent has already given the game away. And lines up with Basel 3 which most people on here already know about. And Trump is constantly giving people the heads up with all his references to gold as of late.

Scott Bessent who said “within the next 12 months we’re going to monetize the asset side of the US balance sheet”. Could Bessent have been referring to anything other than gold? The death of the dollar is not here. But the day of the gold is here. Does that make sense or going to keep falling for the CCP lies. If China invades taiwan they're done! All manufacturing goes back to the US as they're persecuted by the CCP the people with all the expertise and they will be allowed into the US and given money to set up factories. The tug of war is only good for gold regardless.

UK btw "Get Ready to Repo" is trying to make any SHIT asset as form for collateral. That includes Ukraine defaulted shit bonds worth £8 billion or so. To keep the machine going a little longer. The UK will collapse before the US... UK lost tons of gold to the US. They're running out of collateral and with the 'Get ready to repo' BoE speech, means they're desperate to begin with since 2024.

you lot need to chill out about the end of the world. Its Europe who is PRIMARILY having the reset not the US...

Article: "Cutting business ties with China would be foolish", Reeves says amid reports of US pressure

She won't have a choice. As I stated earlier, the 21st century is going to be fought over Taiwan by The US and China. She will capitulate, or resign from her job as Chancellor of the Exchequer. By having business ties with China, you're supporting China. The dumb fuck has no goddam idea just how bad things are going to get in the next decade with Beijing.

Russia 10 day operation turned into a 3 year war with russians downing smirfnoff and driving e-scooter to kill people. Again they're not a country to be feared because they have to steal US tech to keep up. Likewise with Russia. Trump said it himself. The US holds the greatest submarine, the greatest aircrafts, the greatest weapons, the greatest tanks. China and Russia FEAR trump. China, Russia and Israel are all under the same flag. They're not indendent they're connected. China belt and road initaitive is the EU connecting with China.

Trump has repeatedly time and time again express his utter disdain for the EU. He is not DOING TRADE DEALS WITH THE EU. He is doing bilateral trade agremeents thats on the US terms. If a country who puts forward can put up with that. They will beq treated well. Countries like Canada owned by King Charles and others who want to show resistence can simply be bypassed. They're irrelevent. The rotten remains of a dying empire. What is their currency backed by? Oh wait all gold has been sucked into US. What collateral does the UK have? virtually nothing at the rate its going. UK will have Weimer hyperinflation before the US does and if you odn't understand that then you're braindead. I'm not trying to be rude but stern. Its the constant mainstream even gold bugs keep going on about death of the dollar. its a joke. US holds the most gold i cant stress that enough...