/pmg/ - Precious Metals General

It's smart to remember what a shit investment silver is unless you are like my good fren minty who sells frog rounds rizzy with drip frfr no cap for a 338% premium. Lmao then invest the hyuge profit in bitcoin retire in 3 years. Yes it's that easy

heil silver

nitter.poast.org/Red5djedi/status/1920530343561413115

Lmao seeThat will get melted down soon enough

vocaroo.com/1aJijRb45eYm

by 2050

do any of you beetus beasts think you're going to be alive in 2050?

Couple pocket pieces for today, getting rid of them and grabbing a few more ASE’s instead. Might pick up a 1/4 AGE as well. Kind of over generic rounds

Generics are ok if they're like the Asahis ITT or JM or APMEX but the novelty rounds that say MURRICA FUCK YEA IM A SNAKE PLEASE STEP ON ME SIR are cringe, and those silver buffalos I see all over youtube are the worst because they look like basically some chinese scam artist is trying to pass them off as official US Mint products, with the price of silver kangaroos and krugs and philharmonics there's no excuse for owning boomercore private mint garbage unless you got it for way under spot

Buy sell buy sell pay premiums get discounts lose lose lose......never change pmg

Went to the Toronto Antique show today. One boomer was asking $65cad each for silver maples. His friend told me that they were 4$0 each and i was going to buy all 3 of them but then the other boomer came and said $65 and went on about muh premiums. He got really pissed off at me when i told him what spot price is so i called him a scammer as i walked away. Another boomer was asking almost $100 a piece for Canadian pre-'67 80% half dollars.

see rare coin pop up in auction

try to find past sales for said coin to determine a nice slurp price

nothing shows up (at all)

get hyped the coin is uber rare, place large bid

win auction

check once again for others similar coins

suddently there are many of those, for cheaper than i got mine

only 1 hour apart between the 2 searches

why do jewgle keep trolling me so hard?

boomers are spiritually aligned merchants

You just got iknowwhatigotson'd

Tell me about it i've been going to gunshows for years.

lol this anon knows

For example, can someone find me a 1 Real 1780 Guatemala (NG-P) ?

NGC population : 0

PCGS pop. : 1

coinarchives auctions listing : 0

numista ownership : 0%

MA-shops listing : 0

ebay : nothing (don't count the one sold today, that's mine)

I was in complete darkness when it came to coin's value, the NGC chart was pointless (listing all the years at same price). It's like this coin barely exist at all.

Got the rounds as a gift from my ex’s mom back when silver was ~20/oz, and I only buy ASE’s for 1oz varieties. I found the 40% coin roll hunting, and I only keep 90%. The guy I go to locally sells eagles at $2 over spot, and I sold the generics for a buck under spot. Still sold the generics for 30%+ more what was paid for them, so I’m happy camper. This is actually the first time I’ve sold anything (short any 40%’s I find and convert to ASE’s) so I’m not paying/losing premiums like you say. I do know people who do and it’s fucking retarded. Here are the ASE’s I scooped though

Using google in 2025

You lost 10%, whatever it's only a few $ but 10%:is 20 years of historic returns on silver (.5% per year) but then again silver is going nowhere in your lifetime so you should really dump it and buy a share of VOO

Touché
I yandex'd and immediately found more infos on the coin. Still, seems like an incredibly rare coin, last sale listed for this specimen is from 2015 for $760.

Anyway, today was great for the slurps, got some sick oddities, especially from Austria, the Vatican and the ottoman empire!

Looks good atleast

Be sure to check on other search engines before making a purchase/placing a bid next time

Here’s another (you) for you so you can buy your rice for the day. If selling at a 33% gain is losing money to you, I don’t know what to tell you. I’m 70% VOO and 30% Fidelity Contrafund in retirement accounts and I max both 401k/IRA with MBDR/BDR. I’m like 45/45/10 VUG/VTV/MA in my taxable brokerage. Up like 100% on the MA so I’m stoked about that. Either way, having 100% of your money in one basket is retarded, almost as retarded as your ass. I like the shiny

Still a dumbass, you traded two ounces of silver plus $6 for two ounces of silver for a dumb reason given that its a commodity, your original purchase price is irrelevant to this transaction lmao that facts hurt your feelings

I should know better since i always have to use yandex to play around all the censoring/deletion from jewgle when it comes to free streaming, torrents, etc..
But thankfully most of the times coins are common enough to get visibility on the normiesphere. I don't think i'd have the patience to use several search engines for each potential slurp, for today alone i went through 240 listings, that's pretty much a full day of work to figure out prices for all those.

Another one i couldn't find anything about was this picrel "to identify" coin i slurped today.
It was very easy to figure out it was a 1400s' Weisspfennig (or a Blanc) from either one of the east of France's archbishopry or from the germans' electors of the Palatinate.
But that's when things got weird : couldn't find matching coat of arms on the reverse on numismatic websites..
I'm getting a bit familiar with german's medieval coinage, so i could tell there are few duchies here : Baden (checkboard), Hessen (lion) and Bavaria (losanges), but it didn't help much, since those 3 don't match the medieval Rhineland Monetary Union among duchies & bishopries.
Yet another mistery i need to solve.

The reverse in question..

The people responsible for the Soviet Union are the same people running the World Banks today

suddently there are many of those, for cheaper than i got mine

I've found that happens with many things I've bought on ebay - even if I specify "lowest price" option.

true

Since the start of pmg stacktards have only fallen behind by 23,000% lmao what's the big deal it's only 230 times as much

Karl Marx is running JPMorgan? Lenin is running Bank America? Cmon guys stacktards are suffering enough without claiming they are this deluded

saw Pokemon card vending machine at the grocery store

bought a box for nostalgia's sake for $30

the box I bought is worth $80 online

What the fuck? Am I investing in the wrong thing?

Here’s some more rice money nigger. Tax implications for eagles are different for those of generics, for one. Also, I just like them. The generics and the 40% were both essentially free, and even if I had paid for the generics, I’d still be more than happy with the price I got for them. The shop has to pay rent after all. PM’s are a small fraction of my assets, so a dollar here or there once in a blue moon isnt any skin off my back. I totally understand caring about a couple buckareenos when you’re a poor shitskin like yourself though. Post portfolio poorfag

If you want to make more fiat debt receipts? Yes. If you want to get rid of fiat debt receipts and park them in safe haven assets, no.

However, what if I exchange Pokemon cards for fiat to buy more shinies?

More cope and some lying, no way you are reporting your sale of your generics and the tax difference isn't true, the rent isn't your burden etc post poorfolio or not who cares but admit to yourself you lost 20 years of expected returns

I just skip that step, but yeah if you think it's worth your time then go for it!

I kind of want to sell these and get something else. I don't think the design turned out very good.

thats the beauty of owning and holding pms, (you) can do whatever you want with them!

maybe you got chink dragon fatigue? That'd be understandable, exonumia is fucking flooded with dragonslop.
OK chink dragons are cool, but in Europe we got the largest & sickest legendary/mythical bestiary in the world (with the persian's one), why don't they make some cockatrice? Balisisk? Hydra? Wyvern? Manticore? Kraken? Selkie? Kelpie? Fairies?

Why do we only get fucking DRAGOONS? It's especially shameful when it comes from western mints.

What mythical monsters would you like to see on rounds?
Personally i want a Lou Carcolh, it's a giant hairy snail with tentacles, spikes and big teeth, living in caverns near Les Landes. It's a gooner snail who love to catch young maids with it's tentacles then eat them in his gooncave.
It might sound very nipponese, but it's from french folklore actually.

Fanagator. Half man, half fan boat, half alligator.
JK it's just an inside joke from a friend who went to school with a Florida man.

thats the beauty of not owning and holding pms, (you) can do whatever you want with your huge profirs

regulationtomorrow.com/global/basel-committee-final-disclosure-framework-for-banks-cryptoasset-exposures-and-targeted-amendments-to-its-cryptoasset-standard/

In January new regulations go into effect for banks that own crypto. They will be required to hold $1 equivalent in collateral for each dollar they invested in crypto with a rolling price. Effectively making it more expensive for financial institutions to own/hold/trade crypto due to capital requirements.

Conversely because gold is being upgraded to tier 1 status in July it will be cheaper for banks to own gold than it will be to own crypto.

being upgraded to tier 1 status in July

What does that mean?

Gold was previously treated as a Tier 3 asset (this category is getting abolished in July) which meant that it was considered a risky investment asset, which incurred additional capital requirements of about 50% so if you owned a billion dollars worth of gold then you were also required to own 500 million dollars in cash in case the trade goes sour. This also effectively made it so that gold could only be valued at about half of the market price when counting on books, effectively making gold too expensive to keep. Now gold is being changed to a highly liquid low risk asset, so gold is now being treated as cash equivalent which means it's cheaper for banks to own it now. It's also a higher category than things like US treasuries. So banks that own a lot of gold will have better looking balance sheets.

All of these factors are bullish for gold. Silver and other precious metals are going to get the 0% risk capital requirement so its cheaper to own those now too, and it makes precious metals a more lucrative option for banks vs treasuries/debt since it will legally be recognized as having 0 risk.

tl;dr banks are gonna buy more gold (they're doing it now)

Lmao, silver scammer shills getting desperate

for financial institutions that intend to speculate on crypto they will only be able to count half of the value of their holdings towards their balance sheets after January 1st.

Banks own 0 gold and will buy 0 gold, lmaoat shills

This same thing also changes how paper gold/silver are treated as well. If you speculate in markets that aren't fully backed by the asset then you don't get to count the full value on your balance sheets. So it effectively makes it more expensive/much less profitable for banks to participate in the comex or any other precious metals market that isn't fully allocated.

60343016

profirs?

what does that mean?
we speak king’s english in this thread, (you) filthy brownoid
67 poasts so far, nigger is already 14 in and counting…
im off to bbq. enjoy the day (you) fake shitcoin holding faggot!

Banks own 0 gold and will buy 0 gold

What a retard.

for banks, holding physically allocated gold becomes relatively more profitable from a capital efficiency standpoint under Basel III compared to holding unallocated gold or gold futures because it requires less capital to be set aside.

Funny how politicians showered with cryptowhales' money keep telling to everybody in front of cameras they want their country to be the "new capital of crypto", but behind closed doors, it's zero adoption from governments (beyond the seizings kek) and always more crippling regulations over shitcoins who already completely failed at being alternative money (they are just speculative assets with no use case beside being ponzis).

It's like the entire craptosphere adopted the XRP modus operandi : spend billions USD in baggies' money in communication, washing talking heads from big banks/government with money for empty promises, all this not targeted at a new audience, but to keep the faith alive among the already captive baggies. The only project who seems to be aiming higher is chainlink, which is a pretty sad conclusion.
Once the MSTR/Saylor ponzi collapse, it might be the final nail in the coffin for the whole crypto adventure. It will be remember as a solution still trying to figure out a problem after a decade. That said, it still was a positive thing overall, as it managed to force a bit the generational transfert of wealth from boomers (late baggies) to millenials (early adopters). Too bad all this money was only used to fuel a decadent lifestyle among grifters, rather than aim at something higher. I believe Vitalik tried to do so, to truly improve the world, but he himself was surrounded with grifters & greedy soulless spiritual kikes, so he gave up in the end.

You can offset this is you trade on the comex ETF/futures and demand delivery, so if you were a large financial institution and you were speculating in GLD or SLV then the only way to be able to count the full value of your holdings on your balance sheet without setting aside additional capital in collateral would be to take delivery. This has been happening over the past few months.

basically, this effectively makes it less profitable to trade unallocated metals ETF/futures, and the crypto regulations in January will make it less profitable to own crypto because again, you will be required to have dollars parked in a safe doing nothing while you hold it, which potentially locks up a lot of capital liquidity which is a big deal for banks.

Lmao stackturds admitting you can get delivery, 2 more weeks guys then everything will collapse same claim for 50 years

Banks are pretty much the only ones buying it right now. Normies/retail are largely just ignoring the whole thing, but I sorta get it because Bloomberg and other financial news aren't covering it.

10 years of pmg and stacktards are still broke incel losers

Silver and other precious metals are going to get the 0% risk capital requirement so its cheaper to own those now too

I didn't hear anything related to this, and i follow the Basel III circonvolutions since a while. Mind to sauce me up?
If Pt/Pl/Ag were recategorized as Tier 1 it would be insanely bullish for them, especially for silver.

This guy isn't our Peruvian IQ it's some Jew in Tel aviv who took over for him

Normies/retail are largely just ignoring the whole thing

I was talking w/ 2 women at work on Friday. We were discussing investing and I told them to look into diversifying into silver. One said her boyfriend buys silver and they said another woman in their department told them to buy silver.
Normies are waking up.

Yeah here: bis.org/bcbs/publ/d457.pdf

I got this from the Basel III site: bis.org/bcbs/basel3.htm

should be around page 50.

Unallocated silver is treated differently and considered riskier. Banks are required to apply a Required Stable Funding (RSF) factor to unallocated precious metals, including silver. (85%). This means banks need to have stable funding equal to 85% of the value of their unallocated silver holdings.

allocated physical silver is treated as very low risk (0% risk weight), unallocated silver requires significant stable funding, making it less capital-efficient for banks to hold. Silver does not have the same explicit Tier 1 HQLA classification as gold however, but it's "equally as cheap" to own/trade it as gold, and it will be considerably less expensive than it is today.

Normies are waking up.

They may be waking up, but they still aren't buying. Look at gold buffaloes' sales : it spiked hard in 2022 when PMs got all the momentum, but crashed back down once stackers got no dry powder left.
But the price kept climbing up, which means the lack of retail demand was more than compensated by institutions purchasing gold at unprecedented pace.

Now what's a bit confusing to me, and what I'm still trying to figure out are the details surrounding the "phase in period" because banks apparently have 3 years to "phase in" idk what that means in practical terms, idk if they have to have 50% of their shit together 18 months from now, or if they need to exit positions, or wait for deliveries, but I get the hunch that it has something do with the physical logistics surrounding bullion.

How fast banks decide to phase in could greatly impact how quickly banks purchase it, but they might also already have their holdings allocated, so idk, I doubt they did everything honestly and by the book, but I also understand that they know that the longer they wait to fix the issue the less time they have to get a good price. Commercial banks are already publicly giving high price targets for gold so maybe they're signally they already own it, I don't know, but I'm a nerd with a lot of free time so I like trying to solve the mystery on my own.

2 more weeks and pmg won't be broke Incels!?

Lmao

Banks aren't buying your garbage silver scammer

What might end up happening is that markets just break in July and we have some sort of global financial disaster. I'm trying not to get myself hyped up but I don't see any signs from the broader market that anyone is paying attention to the issue or cares, so I doubt anyone is hedged against it, or prepared for it when it happens. Everyone has been really quiet about the whole thing, especially over the past 6 months.

Thanks fren, it's just picrel? I don't even understand what the paper is talking about tbf, it's convoluted blablah full of technicalities.

For the purpose of aggregating commodity risk positions within a bucket using a correlation

parameter, the correlation parameter 𝜌𝜌kkkk between two sensitivities WWWWkk and WWWWll within the same
bucket, is set as follows, where:
(1) 𝜌𝜌kkkk
(cccccc) is equal to 1 where the two commodities of sensitivities k and l are identical, and
to the intra-bucket correlations in Table 12 𝜌𝜌kkkk = 𝜌𝜌kkkk
(cccccc) ⋅ 𝜌𝜌kkkk
(tttttttttt) ⋅ 𝜌𝜌kkkk
(bbbbbbbbbb) [21]

my head hurts kek.

That's part of it. You'll have to go to the second link and sort of mash together an answer from several documents since they don't put it together all in once place.

you could probably just give the link to an AI and ask it to explain it to you.

Random arguments against BTC:

* Why not Monero? Litecoin? Bitcoin cash? What makes BTC so special?
* Why is a public ledger with zero privacy good? With metals you can make private transactions. Two people making an exchange is none of the government's business. On the flipside, I believe all government expenses should be tracked on a public ledger to keep them accountable to the public, so there's that.
* BTC can be vaporized if you lose your private keys. Poof, gone. How is this a good thing? They say BTC is more finite than gold but never mention how BTC can be deleted from existence.
* BTC network is so slow you have to put it on a lightning network. So, why is the token valuable? Isn't the token supposed to reflect the value of the network? But if the network is dogshit what does that say about the token?
* BTC is hoarded by the major banks like BlackRock and Fidelity and so on. While gold confiscation is a risk, BTC confiscation would be much easier to pull off: the major banks would just hand over all the keys to the government instaneously. No force or exchange of lead required.
* BTC has never survived a single prolonged economic depression or recession (born during the era of infinite QE). It has not survived a single hyperinflationary event, collapse of civilization, major solar flare event, etc.
* 99% of crypto is an obvious scam. So why not 100%.
* BTC has no intrinsic value, which means it has no value besides as speculative money. The second a superior money is invented, BTC goes to zero.
* What about zero day exploits? Quantum computer beating cryptographic security? Gold is unaffected by all of this.
* Worst of all, crypto and BTC are shilled by celebrities, banks, governments, Presidents (Trump pushing his TRUMP coin), Plebbit, and on and on and on. Meanwhile silver and gold are either ignored or laughed at. Says everything.

keith weiner was daying to rafi farber tier 1 is for liabilities not assets and someone said the new rules requiring 85% for unallocated would result in larger price swings, someone said the purpose will be to keep inflating but they dont think it will work, but idk, my brain isnt built for scams I guess,

That's good. I'm glad. No one gave a shit when I tried to talk with people about it 5~6 years ago, so I'm glad that people are catching on.

I hate jews man..

With metals you can make private transactions.

I need to know more, please stackerbro.

Whatever they do, they will try to avoid the spotlights until they think their position to be fully covered. It's hard to estimate how much was purchased by banks, but i'm ready to bet they accumulated pretty aggressively since 2020. Now the US bond market is completely shitting the bed, they probably will further accelerate the transition. The government might default on it's debt (it wont ofc, it will simply hyperinflate it's currency, as always, but it's still a default in different clothes), but the banksters aren't planning to go down with it. This entire gold anti-fragility framework are the banks lowkey disclosure about imminent treasury defaulting (and not just the US, all the western governments have been on borrowed time for way too long).

On the other hand, you know how it is with banking new frameworks/global regulations : it's got worse delays than governments' nuclear power plants. If they are 3 years late they consider it to be an early success kek. Plus i don't think the banks want to be too early on their doom scenario unfolding, the more time they buy, the better it is for them to better assert risks and dump all potential dead weights as discretly as possible (major contender being Tbonds, but not only).

I think I saw that video. I don't disagree with him, but I also think he's missing some nuance to the whole thing and how it could play out several steps down the line. I know it sounds like I'm saying "just trust me bro" but all I'm saying is that it's not that simple and it's not nothing.

As far as assets and liabilities, well baseline III effectively sets a strict separation between physical gold and paper gold, in that physical gold is an asset, and paper gold is a liability, same for the other metals. The BIS is saying that paper gold basically benefits from none of the technical financial benefits of physical gold unless you can prove that the gold in the vault actually belongs to you.

So what I'm guess is gonna happen is that beginning July 1st a lot of people are going to come to the realization that they don't actually own any gold.

What's on July 1st? Are they going to finally say paper gold and silver aren't real?

scroll up. I've already explained this.

They will probably cope by telling themselves they didn't have any cash to spend on gold anyway. At least that's the excuse my friends are serving me every time i ask them why they didn't buy anything yet, even though i shilled the shit for the past half decade.
Now i'm done trying to force them to buy, i simply rub the price chart in their face just to make them seethe at the lost gains.

these covid era, tiktok dancing whores, probably spend their money on every subscription available… i swear i overheard my boss claiming he spends over $500 a month on comcast and related “entertainment”.

bread and circuses to keep the masses fat and distracted…

Are you saying crypto nerds with seethe? Seems like they're going up right now unless there's a rug pull coming for them

Since when did the price ever reflect reality?

finally got me a asahi 10ozer. its lovely.
Should I buy a retarded plastic case. will it fade if I dont?

I think crypto goes up because the market is an effectively a slush fund for the US treasury market.

If tether didn't hold US treasuries then the secret service would've shut them down a long time ago. It's also a cheap way to export dollars to people who don't have access to banks.

2 more weeks guys