Welcome to /pmg/ - Edition #2 >Introduction This is an inclusive thread for all precious metals discussion that pertain to investing in gold, silver, platinum, and palladium, for coins, rounds, and bars. Other metals (like copper) are welcome as well. Physical possession is always recommended. Please keep discussions civil and evidence-based, and refrain from unnecessary ad hominem arguments. If you prefer crypto over PM, that's fine. If you prefer one PM over others, that's fine too. Just remember, all precious metals are precious and have their rightful purpose in both industry and investment. A good strategy should be to diversify and have as many PM's as possible.
Good general. Glad to see something like this. I'll be lurking.
Matthew Ortiz
This, also have another bump. Jow Forums is in dier need of actual content. I just hope this general doesn't get annexed by tripfags like the stock market one.
Jordan Edwards
Time buy gold or wait for $1000?
Ian Anderson
Why is silver dropping so hard?
Elijah Young
What % of your money should be in pm?
Austin Peterson
I consider it to be a safe store of value. Therefore whatever I'm not investing with or I need for immediate or midterm expenses. Of course I want to have a good chunk of cash for a liquidity. But having bars in coins hidden somewhere is the best way to hedge against any huge unforeseen circumstances.
Ethan Hernandez
Everything is up this morning.
William Parker
70% gold 30% silver fuck platinum and palladium
Ian Sullivan
I'm not going for %. The goal is to have ~100-150oz silver and ~3oz Gold.
William Johnson
Yes but why is silver dropping the past 3 months?
Tyler Anderson
>that user who says you shouldn’t invest in PMs because a theoretical asteroid somewhere might convievably be mined sometime in the future, possibly long after you’re dead
>that other user who cant imagine any economic scenarios between normal and The Road
>that other other user who says you can’t eat gold in a crisis like nobody knows that
>that really optimistic guy that thinks we’re going back to the silver standard any day now (it’d be nice, but it’s extremely unlikely)
There, I got those all out of the way ahead of time.
Agreed. It's nice to have a thread that's not shilling the same shitcoins over and over again.
Supply and demand, futures contracts, mining output, etc etc. It will probably go back up in the next year or two, it really can't go much lower. I'd say $12 is the bottom.
Luke Phillips
Wait so $5k in PM is all I need to make it in the apocalypse? I don't have any guns, but my extended family has hundreds of acres and a full-on armory. If fiat value crashes and I'm the only one with silver/gold hopefully they will take me in.
William Murphy
>Not one mention of copper You guys deserve to stay poor
Noah Wright
It's not a PM but OP said it's welcome to be discussed here. Not sure why people would stack copper though. What's the logic behind this? Fiber optic reduced one of the major needs of copper in the last 10 years, and the price has been between $2 and $4 for nearly two decades.
Besides >muh apocalypse, are there any reasons to buy physical precious metals over shares of a precious metals trust backed by their own physical metal (like $GLD and $SLV).
I don't believe either of those will happen, but I think Gold, Silver, Platinum are good investments for the coming decade(s) as these resources become more scarce. If you don't have anything positive to contribute to this thread please leave. Thank you.
Brayden Martinez
go fuck yourself retard
Enjoy losing more money because you dont know fundmentals
Ryan Murphy
That's a very well thought-out argument, user. Thanks.
Oliver Martinez
Gold bugs got destroyed once again. Dollar rally killing the pms and they rushed to buy the dip already while it's still going wayy more further down
PMs aren't some get rich quick scheme like the cyrpto bubble. This is long term investment for decades down the line. I don't expect to see returns in a few months or few years.
Andrew Cook
Copper is even more of a pure commodity play than silver is. The downside? I don’t have a warehouse to store metric tons of copper. Also, China growth is shitting the bed so pure commodity plays are stupid right now.
Levi Green
Youre a shit investor Youre literally gambling on the price of a rock that could do anything when you could be investing in real companies
The richest men in the world dont even buy this shit except for tiny speculative positions
Cameron Phillips
Is it really necessary to be this rude, and post in a topic you have no interest in?
Christopher Watson
Yeah, because I hate you fucking faggots and so does the rest of the finical world Youve been scamming people for thousands of years now
David Walker
You entered a thread with topic you hate and now you are mad. How could that happen?
Daniel Peterson
He is not. But he has a point. PM is very speculative and non-yielding "currency"
Adrian Flores
stop scamming people scumbag
Cooper Sullivan
>finical world Imagine being so angry about a thread that you can't spell financial.
Gold and silver have always been a store of wealth. They are not the same type of investment as stocks/bonds or crypto.
David Gonzalez
If it does go to $1000, that'll take over a year. It might no go that low to begin with.
Adrian Myers
Or they'll take it from you. Get some guns you dumb nigger.
Brandon Morales
No, they are Christians so they wouldn't do that.
Thomas Torres
Bump for PMs
Asher Howard
Bump
Jordan Evans
I'm buying 1 ounce of silver every month. Doesn't cost much and its a comfy way to save.
Christopher Collins
Silver is about to explode
Colton Mitchell
Who here /rhodium/
Colton Morales
>Jow Forums >Stop scamming people scumbag Holy how new are you?
What's the deal with JP Morgan accumulating all that silver? When this play will unfold? 2020's?
Jordan Nguyen
I can assure you I don't work for a PM dealer. That would be a cool job though. Want to talk about paid shills? Just look at all the chainlink and holochain threads posted every day.
David Rodriguez
how long do I have to accumulate?
Jordan Bailey
Kek. >HISTORICAL movement in silver, 25+ years reversal! Now everyone is net-long! >1 year later, silver down by $1
Christopher Barnes
before 2020 I would assume, I think PMs really stand to take off in the next decade
Brayden Murphy
2019 is the year of accumulation: phys gold/silver, PM mining stocks, maybe some other commodities
Luke Rivera
Its really not. Find low P/E with high RoA stocks, corporate bonds or just low-cost index tracker. Dont buy shiny rocks
Angel Gomez
We are hit a major resistance lvl... weekly chart shows a strong buy... daily is confirming. But as always do your own hw! Best of luck fren
Joseph Bailey
PMs aren't "rocks" They are rare transition metals that have significant uses in industry (including the device you used to post in this thread). Quit calling things you don't like shiny rocks, that's not an argument.
Jack Sullivan
Fuck you guyz with all that economic bs Im into silver for a shitload of bullions. I dont even want to sell or trade them. I just like thinking bout gud ol times when Genoa financed aztec genocide by Spanish proxy to flood China with silver. Then I look at my bullions and coins and think what a lucky bastard I am to be born when I get get as many silver as I want. MB, I will go into copper bullions, cos they take up more space and make me feel richer.
Julian Ward
Copper bullion is dumb. Just buy a bunch of peeled copper cables from yhe junkyard.
Dominic Walker
They dont satisfy my bullion fetish But I think I will be able to get off, if I think about poor addicted souls stripping them from their grammas home to get a hit
Ryder Cooper
The demand for silver might depend on industrial purposes to a certain degree but gold is primarily driven by jewelry aka shiny rocks
Ayden Flores
Without a bubble in precious metals, you'll never "make it" by owning precious metals. PMs are there to protect your purchasing power in the event of a currency crisis.
Jackson Lee
Jewelry is an industrial application. People have been using jewelry since recorded history. Quit discounting that market sector demand as "shiny rocks". Gold also has important applications in electronics, dentistry, and aerospace as well.
Jordan Foster
Ignore him. He's a Commie. Who isn't a Commie? How about the Founding Fathers of the U.S.A. who specifically specified that the national money be denominated in gold and silver. If any group of people aren't Commies, it's people like Thomas Jefferson and Benjamin Franklin.
Gavin Moore
Kel troll
Blake Jones
No, they weren’t commies, they were bongs with jungle fever.
Sebastian Phillips
Forget metals, LINK will be 10$ eoy.
Brayden Richardson
Link is worthless, like most cryptos.
Jason Walker
The dollar will return to a silver standard shortly.
>Currently JP Morgan now holds over 50% of the total COMEX physical silver bullion holdings.
Stop being retarded.
Anthony Jones
Strong dollar / faith in US government The bull market will be back within a few years
Charles Phillips
I hate to say it, but this chart isn't using the right data points sdbullion.com/blog/how-much-silver-gold-is-there/ >Today in 2018, there is approximately 2.5 billion oz of Gold Bullion and 4 billion oz of Silver Bullion in the world.
Read the article, it shows above ground supplies. The data points for your chart are wrong.
Adam Robinson
>backed by their own physical metal ya dun goofed
Robert Sanchez
Silvers going to 20!
Julian Miller
Bump
Carson Rodriguez
PM + Bump
Lucas Roberts
Come on, it's Monday night, where my bugs at?
Joseph Harris
Sup homie, boomer drinking my monster.
Wyatt Rivera
Why would you drink a monster this late?
Justin Harris
Dear user, please hold almost all of your PM in gold. You will never regret holding physical gold, you will never desire to sell it. You will curse trying to store and move around heavy ass silver. -Your future boomer back
