/pmg/ - Precious Metals General

It is bad, gold has underperformed the S&P 500 ever since even the crazy peak in 1929. As in, if you were to sell all your gold in september 1929 and buy the exact peak, and hold for 94 years, you would have still made more money than holding gold the entire time.

And that's WITHOUT dividends.

Well why don't you keep buying buttcorn and fartcoins instead of trying to convert people to not buy real money, you're like a jehova witness

Ask yourself why they are so scared to learn that silver is a terrible investment.

If you owned any investment and learned the fundamentals were terrible you would be overjoyed to learn it was a scam. That way you could sell and move on.

That teaches us that pmg is silver scammer shilling operation. It exists only to scam people.

And you don't just lose your money you lose your life. Look how the scam victims act if you disagree with that. Bitter, depressed, incel boomers muh world is collapsing

pmg not only wants you to buy terrible investments like silver they insist you don't buy good investments like real estate, stocks and bitcoin.

They want you broke, depressed and crying in your basement reeeee the world is collapsing

Sure is a lot of indans in this thread. Anyway, I’m adding more cheapies to my stack tonight.

me too

Lmao it's the old "I'm glad i lost money on silver" cope, been hearing that for 10 years, never gets less funny

Wow. On August 7th 2020, only 2 days after that post was made, Silver hit a secular high of $29.863 per oz and didn't return to exceed that level until nearly 4 YEARS LATER in May 2024.
Meanwhile, Bitcoin was $11.7k and was forever higher than that only 2 months later. Really shows the power of actual scarcity and institutional support in asset performance.

This weekend, I'll be getting 60oz of ASEs, which will put me at 2500oz. Honestly still not sure what I'll do at that point. I'm hesitant to get back into stocks, maybe I'll start looking into real estate, seems like prices are coming down.

lmao

They spent decades to turn a few particles of Pb into a few particles of Au for a few nonoseconds before it disintegrated. This gold was never seen and there is no evidence it existed apart from a chemical detector at LHC that was able to detect the particles for those few nanoseconds.

Bought my first ever gold, at ATH, watch it drop now, sorry in advance lads

The silver GLUT has INCREASED by almost 5 billion ounces in the last ten years. So basically they mine twice as much silver as industry needs and have to sell the rest to sheeple. That's why it's shilled. Big Silver is paying everyone on YouTube, redddit and pmg to scam depressed incels.

Big Diamond convinced sex havers to buy diamonds to get married

Big Silver convinced incels to buy silver to get a free virgin

Lmao both ultimately get destroyed

Fucking hell I bought gold last week. This week it went down in price. I mean I don't feel TOO bad because I bought a rare 20 franc that which the rest had been bought up, so I don't feel too bad, but fuck now is a good time to buy.

You are supposed to hold it long term. No less than 6 months.
Even if you do take a slight loss long term its better than keeping your net worth in fiat as fiat is losing its value exponentially due to inflation.
If you are looking for higher returns in the short term then maybe the stock market is better for you but its also much riskier.

Buy more so it’ll drop more. Help us get more, bro.

They're really pulling out all the stops to keep normies out of gold. At least that means you know you're still early to the party.

posts image literally showing a 653.8 million deficit over the last 10 years

claims image shows 5 billion surplus

Why did they bother rolling out AI bots like this before they figured out how to teach them image recognition? Who are they even trying to fool? Not even on Anon Babble are we that retarded.

Gold will only go higher in the next few years

Lmao, it's amazing the lies stacktards will tell and believe but this is my favorite

the gubermint that sells you silver with the gubermint logo doesn't want you to own silver

Level 99 delusion

50+ poasts in last thread

jannie is trannie, wont give this fool bannie

they both do it for free?

so maybe this is a good buying opportunity

nah, gold still have to puke a lot more gains, we are going down to 3K. Only then it will be a decent buy opportunity.

Gold isn't a day trade. You'll look on your stack in a few years and be glad you had the foresight to own any at all.

You fell for the scam

6 months lmao

gold only goes up

Lmao you almost feel sorry for these clowns. Gold went down for 45 years straight in inflation adjusted terms from 1980 to 2025

No crying in the casino.

If you peruse YouTube comments every boomer NPC faggot says…

silver is to protect your wealth from inflation and queef it down to the grandkids when you die.

And this has been the Moderna operandi for decades now.

But now? This is literally the time where there is probably going to be a reset. I mean how can there not? The economy literally has AIDS. So just fucking buy and hold. Who gives a shit about the dollar price? Dollar price is irrelevant.

Holy fuck this thread

zoom out retard.

6+ months is long term

It's an extremely arduous task to explain the long term trading dynamics for an asset that's thousands of years old to a bunch of people who started trading in 2023.

Unironically thanks for the cheapies. I'm so close to completing my suicide stack this year, so I hope I don't get priced out before EOY.

youtu.be/d696t3yALAY

None of this is true

Even the chart you posted last thread clearly indicated that the demand was higher than the supply

So I asked Grok about these numbers, and followed it up with the global unmined silver reserves. Asked it to project forwards (given global supply/demand trends) how long these unmined reserves would last.

And once that was projected, I asked how long it would take to use up all the privately owned silver (ie bullion/jewelry/cutlery) with all these assumptions in mind

Here is what it said

Any male, who isnt rich, who buys precious medals is mentally ill and spiritually broken. Men are supposed to be growing, conquering new territory. Lmao a 30 yearold who is like i have to protect my $300 or $30,000 from inflation the world is collapsing has totally trooned out. Buy some stocks, start a business don't be a scared little snivelling worm.

PS: gold is a risk asset, with trump ending wars, bringing peace to the world gold will go down for the next 4 years

The silver glut for just the last ten years according to your chart is 5 billion ounces so the total cumulative is surely 25 billion a 50 year supply for industry even if none is mined

and who cares what happens in 2080 you will be dead

It took them dumping 60 million oz's of Global Annual Silver supply all in 1 hour to achieve this tamp down

no one sells that much physical silver in an hour, what they dumped was all paper.

50 Semis full of silver just flew over my house!

Same thing

Them

Lmao, this is a classic dilation

all powerful people keep the price of silver low but me a super Le Smart person will buy silver because in 2 weeks the price will moon, then every 2 weeks i will cry about the all powerful people making the price go down

Paper/Crypto PMs need to be banned. It's fucking insane.

Agree, silver would fall to $12 or even $5 overnight as SLV sold off billions of ounces wiping out the stacktards and exposing the silver scam

What would happen if all of the cash from the sales of SLV were to go towards purchases made at local coin shops or APMEX? Back in 2021, APMEX literally shit down buy orders over the weekend.

silver will never go up in our lifetimes

Thanks God I am not a short term speculator

-Around 56 billion ounces of silver have been mined globally throughout history.
-830 million ounces were produced globally in 2023 (this has been the average for the past 5 years)
-1.14 billion ounces were consumed globally in 2023
-The global consumption exceeded total production by 309.5 million ounces in 2023
-Industrial Demand consumed 632 million ounces in 2023
-Jewelry production consumed 203 million ounces in 2023
-In 2024 the deficit was 140 million ounces
-Most of the silver ever mined has been lost or destroyed due to industrial use and landfills.
-Only about 5 billion ounces remain of all time mined silver ever
-Roughly 2 billion troy ounces in investment grade/bullion form
-The vast majority of above ground silver is immobile (in forms like bars, silverware, jewelry, and coins)
-Most of the above ground silver that will likely never hit the market without considerable refining/recycling/processing
-Recycling silver at the scale won't meet the global demand until the price of silver rises enough to make recycling at scale profitable.
-2021 was the first time the silver industry reported a deficit
-It takes roughly 10 years to create a new silver mine that actually produces silver.

We're technically out of silver right now, but no one will know, or understand this until reports start coming out in a few years, and since so much of the global economy hinges on silver (computers, electronics, robotics, solar, EVs, medical, etc.) I expect them to try to give this as little coverage as possible since it would cause market panic because the entire industrial sector would come to a halt if manufacturers couldn't find silver.

You can't mine bitcoin, or make crypto transactions without silver. You can't really do anything that a modern society does without silver.

Unless the economy completely crashes and destroys industrial demand for 20 years, or we learn legit real alchemy then the demand will continue to rise.

What year is your franc post it when it arrives

Its ogre

This is all great and informative info about silver, and I wasn't initially going to start aggressively stacking it before I saw all this info. But what about gold? Is it the same story with demand as with silver?

Its not a get rich quick scheme. Its a way of safely storing your wealth outside of fiat...also shiny

In this image I have highlighted in red every company or asset that would be negatively impacted by a high silver price, or diminishing silver supply.

Lol, that's perfect. We should just call it Wimp Lo from now on.

Gold is in high demand but for a series of entirely different reasons. Mainly financial. The only entities buying gold in large quantities right now are central banks. The reason for this is because on July 1st the banking regulations surrounding physical gold will change. Right now gold is considered a "risky" investment product, that designation goes away on July 1st. Why that matters is because banks/financial institutions are required to keep a risk-weighted reserve of cash on hand for all of the assets they own, right now the ratio is something like 85%, so if you are a bank/hedgefund and you own $1,000,000,000 worth of gold then you are required by banking regulations to keep $850,000,000 worth of cash on standby in reserve, that you can't spend or use, so owning gold for financial institutions has been relatively "expensive" to do. Basel III also treats paper gold differently from physical gold. Physical gold (and silver) is considered 0% risk, paper gold is still 85% risk. So people are piling into physical gold right now and demanding delivery so they can count 100% of the value against their balance sheets. Physical gold will be treated justly like a foreign currency. The price of gold going up effectively reduces the debt load of any country holding it.

This is a big deal. Especially when you factor in market pressures like the trade war currently going on. A lot of foreign countries are dumping US treasures for gold because they don't want to risk losing money because the president is in a bad mood, and they're doing this happily because gold is the largest mcap asset in the world, and its money, and it isn't controlled by any single government, and can't really be subjected to sanctions, and it isn't at risk of ever going bankrupt, or hacked, or destroyed. It's literally just money.

I like it!

0% of SLV holders want physical. It's too expensive, too risky too much hassle

Can't expect stackturds to tell the truth but paper silver made silver soar when SLV started

Gold is in high demand but

gold is crashing

Pick one dummy

This post makes me want to have sex

but no one will know, or understand this until reports start coming out in a few years

Good. The world need to suffer for wronging us with their infinite clownery. I want the world to be out of silver entirely.

why the misleading picture every time fucking (((journalists)))

Anyone else being a sacrificial lamb for their kids? I'm buying as much gold as I can to pass it to my kids so they can have a nice gift after my death. My grandparents abandoned me and my parents for their own greed, so I gained nothing after their passing, but that won't be the case for my kids.

wholesome

You must hate your kids . Buy some stocks over the next 50 years they will go up 25 times more than gold

Same. But I don’t have kids so I’m building a suicide stack for my mom and brothers. You’re a Good dad.

I pick gold.

Don't kill yourself bro. Look up NDEs, life goes on after your body dies, but if you kill yourself, you're gonna have a bad time. I'm not saying it's gonna be like cartoon Baptist hell, but suiciders don't really move on from whatever negative emotions it is that are making you want to die. It's a lot easier to work through those emotions while you're still alive.

Does that mean that gold will jump to somewhere around picrel? If so what's the time frame from July? Days, weeks, months... overnight?

You sound like an incel, quit getting all your ideas about women from the internet. Makes sense though, since you're a computer program.

It’s just a joke dude. Lighten up.

Talking about Basel iii, it's putting a 1250% capital requirement on crypto like bitcoin?
Yet I don't see really anyone in the crypto space talking about it, only really pm talking heads have covered it. It's really odd to me.

So I told anon

Buy bitcoin all the other coins are bullshit trying to mud the waters

Bitcoin was the digital currency and had to become the digital aval, this will fix the deficit

And anon said, but muh based dog said invest on me

The spirits told me to tell you that they have no idea what those numbers mean.

Why would crypto bulls openly discuss something that is extremely bearish?

I also don’t really think anyone in the crypto space right now really cares about or understands the central banking regulatory situation. It’s all just boomer shit to them.

What caused the dump in silver and gold this morning? both of them dropped roughly 2% simultaneously.

From what I'm seeing after 5 minutes of googling, BTC would be considered a "Group 2 crypto asset", which can only have 1% the exposure of the banks tier 1 capital. That's pretty funny, that means banks have to have 100x their bitcoin value in gold lol.

Irrelevant since banks don't own crypto or gold or silver

Why don’t you buy your kids Link? If it was 1937 like ok I can see buying them gold for when you suicide. And I’m still not opposed to you buying them some gold for when you KYSself, but why not buy them some Link also and actually prevent them from ending up in a UBI camp with Ethiopians and Somalis everywhere

Integrity, but it appears to be lacking in them. The policy not even that bad for the more secure cryptos either, it just fucks with the extremely speculative ones. Personally I think this is part of their plan to put cbdc in a more advantageous position compared to speculative coins.

Why would there exist an international committee called the Basel Committee on Banking Supervision (BCBS) that has spent tons of resources and time developing a set of international banking regulations, called Basel III, that specifically outlines in great detail how banks are allowed to buy crypto, gold and silver, if banks don't own crypto, gold or silver?

LMFAO this is just a bald faced fucking lie

I pity anyone who actually falls for this

He'll kike out and say it's the CENTRAL banks buying gold and silver (and crypto). Literally did that last thread

Own is not the same as exposure you financial incel

That's pretty funny, that means banks have to have 100x their bitcoin value in gold lol.

Lmao you really believe this dumb shit or are you trying to FUD people?

Lmao stacktards hating on bitcoin for 10 years, you are still broke and I'm wealthy

Prove me wrong dummy

Central banks own 0 silver think up a new lie scammy

See. It still amuses me just how accurate Hitler was

Don't wait till you die like a fucking boomer, wait till they have their first kid so the money is useful.

Basel 3 doesn't apply to central banks not that you incels know the difference between commercial banks and central banks

you have yet to actually prove you have any wealth

I already bought my 4 kids apartments and houses with my bitcoin profits

Just top posting dude, you've already lost this thread. Try again tomorrow and you can pretend this never happened.

JPMorgan Chase, Goldman Sachs, BNY Mellon, Citibank, Morgan Stanley, Standard Chartered, and BBVA all have started to own or custody crypto for themselves or their clients, or offer some kind of integration of crypto into their service offerings. 55% of the world's largest banks are now involved in Bitcoin and other digital currencies. Their total asset holdings easily sits somewhere in the hundreds of billions of dollars of NAV.

The regulations primarily impact banks, but hedge funds or brokerage services (or basically all of the organizations who can serve as fiat on/offraps to convert your crypto into fiat) would be impacted by higher brokerage fees. Some hedge funds have already had to change their relationships with prime brokers (reducing their exposure, reducing the amount of cash kept with them) which negatively broader market liquidity. Overall it would reduce the amount of institutional money going into crypto.

In the United States, there are additional proposed bills like the GENIUS Act that could impose stricter reserve, liquidity, and anti-money laundering requirements on stablecoin issuers like Tether.

I proved it to everyone who matters, yall don't. you have basically deleted yourself by falling for an obvious scam. But you go first prove your wealth

my wealth is real in my mind

ya fuck off

Integrity

That's pretty funny, that means banks have to have 100x their bitcoin value in gold lol.

Wow they must have $ quadrillions in gold, 100s of times more than even exists. Which one of you is lying?

You're creepy dude, lmao you love that appeal to authority because I'm rich you will do what i say?

Still waiting for you to prove your wealth, here's mine

Personally I think this is part of their plan to put cbdc in a more advantageous position compared to speculative coins.

Yes. They want you to buy their products (debt based fiat/traditional investment vehicles) not alternatives. They intentionally impose strict regulations to create bearish conditions, to limit their access to normies.

Banks and Silver Ownership

While banks do not typically hold silver in the same way they hold gold, some banks still sell silver coins and bars to customers. However, most central banks have eliminated their silver holdings prior to 2014, meaning that central bank buying or selling does not significantly affect the price of silver.

Lmao, silver scammers will still repeat their lies tomorrow

Yesterday they admitted there was a huge glut of silver today they claim a ehortage

I can feel the veins throbbing in this IQ's causing him to not even be able to type straight. He is unhinged and so angry that we just sit here clinking some coins together.

nice stock image from Google lmao

bros just a lol cow

If it relies on electronics to work, I don't want to leave it behind. I'm a stubborn millenial who sees crypto to be boring, pointless, and worthless. Good on those who have made money on it. I applaud anons who have made money from such systems. However, it's just not for me. (I never said anything about KMS, I think you have me confused with )

I saw the mailman on the other side of the street...when they make their way to my side, an amazing delivery will happen....of gold.

youtu.be/xa2unVr9mEg

It's not much, but it's something. My dad got me the sterling silver necklace in Mexico. Just got the apmex gold franc in today. I'm happy I was home to catch the signature confirmation...