/pmg/ - Precious Metals General

it's a lie that silver suppliers spread

1. You can't fork them to get as many as you want.
2. No 80%+ held by the devs, ready for dump.

So why would there be in the future? Running out of it in the ground to actually mine?

Someone told me that ETC is the real ETH. Is this true? I have 12 of them.

Instead 70% is held by banks and there’s countless counterfeits so basically you can create coins out of thin air..I’m huge on silver but you’re fucking delusional and biased lmfao.

It is projected that there will be less to mine in the coming decades. Whether that holds true is hard to know for certain.

Good to accumulate either way. Eventually there will be some kind of shortage.

And yes you can fork them but they’ll be worth zero without users. It’s people like you who say bitcoin is worthless because it’s not used in industrials or electronics . Fucking brainlet.

This guys ID is like a death metal fan on youtube.

Silver 1,000 EOY

I hereby make the suggestion that PM holders should form now on be referred to as dragons.

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It's the original ETH. A Fork resulted in ETH ran by Vitalik

That's highly unlikely. Also, how easy are pms to short?

Yes. I'll do it.
So am I rich now?

Oops, meant to quote

Pretty easy. 1k is outrageous but $100 really isn’t.

Each cycle. The bigger the bubble the larger the increase. I’m looking $320 per ounce of silver this time around.

Apparently the amount of gold that can be mined economically is equivalent to only 30% of the gold mined so far, most of which was mined in the last 50 years. Technological breakthroughs that would increase the amount of economically minable gold like deep crust mining, ocean floor and asteroid mining seem a bit far away. So are we reaching an at least temporary peak gold environment which will make the price moon like crazy?

No, ETH got a larger adoption compared to ETC now. But ETC did just get added to Coinbase, if ETH flops you may be in some money.

Just hold on to it for now

Also ETC was previously taken OFF Coinbase after the fork, so it must be something significant that made it get put back on

possibly

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What pms are worth a look at other than gold and silver?

Threadly reminder that gold and silver dumped during the last recession.

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Just leave.

honestly palladium has looked pretty good, I've been thinking about it lately

Really? Because making money off of the inevitable downturns is the only reason to hold metals.

Uranium. Prices are depressed af.
Wait for a trend recersal first, of course.

>what is store of value
Who were you guys sent here by?

palladium was good when it was 300 and platinum was 2k. now platinum is higher grade platinum group than paladium and cheaper. silver is the highest value for ozs out the ground

>ozs
What does that mean?

troy ounce, it's how they measure pm

Okay, thanks. Any other basic terms I should know?

Well according to that other poster it failed at being a store of value.

know the difference between bullion and numismatics. bullion is coins that are sold near spot prices, numismatics are coins that have additional value over melt because they are rare/low mintage. you will always lose on numismatics, and I learned that the hard way when I got into precious metal investing

Why will you always lose in numismatics? Because the only way to profit is selling to collectors?

Exactly. In most cases, no dealer will give you anything more than melt on any coin regardless of the rarity or mintage. And private collectors are an absolute pain to find and even then they aren't going to pay much more.

kek, I know so normies that are trying to make money on rare mints

Metal shills are scammers. Metals are one of the most useless investments of all time, outperformed by everything including bonds and gemstone

Threads like these are made by the dumbest doomsday faggots in existence

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Metals aren't an investment, they are a hedge on inflation (even your graph clearly shows that with gold vs USD). You can take 2,500 yo Greek gold coins and they still have the same buying power they did then as today.

Except it's literally not you dumb goldbug
Bonds are a hedge against inflation, Metals are a shit gamble

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Bonds are backed by the govt. If the govt collapses your bonds will be worthless, the gold will still have it's value.

See, youre just another doomsday faggot, like all goldbugs
Enjoy your worthless depreciating rocks

This.
You get what you deserve. You'll be in the poorhouse in 2020.

It doesn't have to collapse, they could simply default. Just look at the exponential debt accumulation of the US Federal govt. That can't go on forever.

and Jesus Christ Marie, they're not rocks. They're rare transition metals.

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oh man you are really needing better sources for info. Gov bonds do well in deflationary/crash periods. bonds are not going to help fight inflation at all. its like you think the jews are actually going to help you and not rob you. how cute and naive

Youre fucking stupid if you think the US can default

What organization is paying you to post? I dont think more than literally 3 people are falling for it, so why do you keep posting these threads

they do better than metals so youre fucking stupid

>it's never happened before so it can't happen
This is classic stupidity.

bubba there isnt one bond from 1000 yrs ago that is worth even the pen that wrote it. Metals on the other hand are all in pristine condition and fought inflation without a care in the world. Do what you want, but dont give economic advice

Youre just making shit up like most goldbugs do

Literally every other object beats metals. Once again, who is paying you to post?

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Seems like you are trying to drive pm prices down with misinformation so you can buy cheap.

PM is a bubble. get out

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LOL, yeah mate it's a 5,000 year bubble just waiting to pop

Enjoy your scraps of paper

haha nice troll

PM bump

ITT retards who have never looked at a chart before and just bought metals because talk radio told them to

this

how are your dumping, shiny rocks doing, mr """""""""""investor""""""""""

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Silver’s pretty damn low though now. And with inflation its ATH was like about 200 USD

in2013dollars.com/2011-dollars-in-2017?amount=48

It’s not like a big empire country like the Soviet Union ever failed and broke into smaller countries amirite?

Ok I did some research, apparently its ATH in inflation adjusted dollars was 1980 at $36 ($115 inflation adjusted).

macrotrends.net/1470/historical-silver-prices-100-year-chart

I googled to check myself and it was like $50 an ounce in 1980. And $50 today is like $144. My bad. Still, 14-15 today is a steal if it ever hits ATH.

Probably more realistic to be able to sell at 115 than 140ish. Few people get in at the floor and sell at ceiling ofc.

I want to invest in gold but I'm poor what are good gold stocks or etfs for gold platnum and steel?

I'm a cryptofag but have really been enjoying these pgm threads. I'm ready to buy about a kg of silver (I can budget about 500 dollars or so this month give or take). Is it cool to buy a kilo of silver in bars or should I buy coins or smaller bars?

I imagine there's a small price bump for lower weights and this may largely come down to preferable... but what is your preferences then? I'd like this to be an enjoyable long term investment. I'm interested in these theories about how silver is worth much more than it seems. Well anons, I've got my shoebox for storage and a couple hundred bucks, is anyone interested in sharing their thoughts?

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Just buy some old euro 20 francs. They are about 1/5 oz and easy to afford, and quite popular according to APMEX buy/sell rankings.

I would suggest buying APMEX rounds or American Silver Eagles. Also get some gold as well. It's more compact and easier to hide. I use a rare earth magnet to hide an entire pound of gold in a very unique place.

Gold isn't magnetic though?

No shit Sherlock. The magnet is inside a small bag which holds the gold.

Don't tell everyone your secret user

It's more sharing ideas to help other anons come up with ways on hiding their stash.

you'll get bored of whatever you buy and then start collecting random bullshit like coins, rounds or minimintages. It's all bs. Silver is silver, the truth is collecting rocks is tedious. buy a safe and make monthly purchases you're comfortable with.

you can take those security stickers that set off alarms at stores, wire a makeshift buzzer like what the store uses, and then find when the tag gets deactivated.

boom, thats your rare earth magnet.

hard drives have the best magnets

I'm on apmex now and am going to take your advice. I'm seeing apmex rounds for 15.51 and silver American eagles for 17.51... apart from aesthetics is there any reason you'd recommend the eagles over the apmex rounds considering the price difference of 2 bucks an oz?

They'll pay more when you sell Eagles back, but then the buy/sell spread between the two is about the same, so it's really just a personal preference of what you'd like better. The APMEX rounds are pretty good quality though, they are made by Sunshine Mint, one of the best. Also, if you're interested in fractional gold, check out the Swiss/French 20 francs. They are cheaper than modern fractional coins on a per/oz basis.

Appreciate the advice man

no problemo

Understand that a 10 oz bar had ita own applications. Being well diversified in each division will benefit you in the long run

Should I buy SIlver ETF or No

physical only is my recommendation

youtu.be/WVxWPkMXOmw?t=3h4m50s
STICK YOUR BONDS UP YOUR ASS YOU KIKE BASTARD

Barry Shillbert, coinbase investor, bought a bunch when it was under a dollar.

I buy a kilo a week and a ten ounce bar once a month. I already have about 150 ounces in 1 ounce bars. There's no need to have more than that being divisible. Kilo bars look cool, are easy to stack and store and they aren't unreasonably heavy.

What is the magnet for?

gülden bümp

holding his shit yellow rocks up his equally shitty arsehole

Who here buys 3x silver ETF’s?

I went with ASE’s but wouldn’t it be smart to get in on 3x exposure if I believe silver is going to $50?