Why aren't you stacking gold and silver yet, user?

redpill me on this plz.

Also am i still cool to walk into that store and buy from them or am I really missing out on the savings from buying online??

just look at where all the gold is going, who's going to value gold when the vast majority of it is owned by china?

Lets say the collapse happens and you need to cash out to fiat some of your 1oz gold coins to pay your rent/food. How do you go about it without getting raped? Local places offer you way less than current per oz price of gold for it and Apmex although convenient has very wide spreads.

feel free to kill yourself anytime

Depends on who is buying it and why. The people buying silver eagles want them because they feel safer buying something minted by the U.S. government. The premium is built into the government guarantee of purity. This would make them easily verifiable as real silver if the financial system reduced itself to mere barter.

However the financial system will almost certainly remain in tact. Silver eagles will maintain their premium in any market condition simply due to their production cost - not only are they silver, which has a production cost, but they are minted by the government, which gives them an added production cost. The price of a commodity will rarely fall below its production costs (and if it does, not for long) - thus, the premium is justified and will remain in tact 99% of the time.

(((they))) are sliding REM threads AT ALL COSTS!

Quick rundown

JP Morgan has over 800 million physical ounces of silver. They control the entire goddamn market and have the capability to pump at any second.

Silver to gold mind is a 9 to 1 ratio for every 9 ounces of silver that comes out of the ground 1 ounce of gold comes out. The sell price of silver it’s at 87 to 1 ratio to God 87 ounces of silver by 1 ounce of gold.

Gold has little to no industrial uses and is not used in really anything other than cosmetics and store of value. Silver, on the other hand, is used in cars phones electrical components industrial infrastructure computers etc. etc. etc.

Silver miners have been dropping off a cliff because at the current spot price it’s becoming profitable to mine. What happens when there’s a short supply of silver due to low mining prospects and apple tesla Samsung all major companies need this sets over to conduct business and make products?

The crooks at JP Morgan are fucking brilliant they’re going to pump this price and make an easy hundred X in no time the reason they haven’t manipulated the price upwards is because they’re still accumulating physical silver this shits fucking going to $1000 an ounce.

Well i'm buying silver, and since most of it is still in the ground i'm bullish on it.
Plus it is a conductive metal, shiny af and people usually talk about it along with gold so theres the exposure. Nobody knows about Paladium lol.
Ratio of Gold to Silver above ground is higher now than ever before.
The gold/silver price ratio is also high af. Almost triple digits.

Silver is a finite resource and has been mined nearly all above ground the only supply left is below ground now

Silver in and of itself is the highest reflectivity highest thermal conductivity highest electrical conductivity of any metal

Inb4 someone says “they’ll just asteroid mine lmao” Hell no that that shits centuries off centuries off

If you are in accumulating physical silver right now you’re going to get fucking wrecked beyond comprehension. All physical silver is a good buy, but more specifically American Silver Eagles are the Best Buy because they’re limited they are rare and current year American Silver Eagles will have meme value under the Trump administration.

cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-manipulating-metals-markets.html

The unbelievable Ponzi scheme and market manipulation that JP Morgan had conducted is slowly coming to light, get in silver before all of this is exposed in the price moons

youtu.be/wLqH12A9UT0

Also Inb4 some other idiot says “ Silver will only moon if shit hits the fan “

Wrong, silver will moon regardless of shit hitting the fan or not, that theory was birthed by the banks themselves that are accumulating silver to dissuade and FUD silver, so that the average person would not buy any physical silver, that theory that they created has successfully stopped the average Normie from buying in accumulating silver.

The banks do not forward insane amounts of silver just for a shit The banks do not hoard insane amounts of silver just for a shit hits the fan scenario, they are doing it to make a massive profit When the supply dwindles, because miners not mining because its unprofitable to mine, they become the miners since they have the biggest supply

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Ok i hear you but I agree to disagree on paying the premium. I believe the metal to be of more value.
Somebody needs to post a link to a REPUTABLEish source for that JP morgan 800 million ounces thing. Because I'm pretty sure they've exited their position in Ag.

To answer your questions yes and yes. You can absolutely buy 999 fine silver, but even though it's proof marked by a random mint/company most silver is actually minted at one of the majors and just stamped with their markings. Sunshine actually mints many of the random rounds and bars with smaller company logos.
Also yes there are deals at spot (though not many) and if you are paying shipping for an order over $99 you are buying from the wrong places.

If a true collapse happened there would be no confidence in the dollar left. People would pay premiums on gold and silver. Look at what happened to the German mark back in early 1900's.

Before hyperinflation: 1g mark = 1s mark = 1 paper mark

After hyperinflation: 1g mark = 1s mark = 1,000,000,000,000 paper marks

The probability that this happens to the dollar is quite low, so yes you do have to worry about getting raped by spreads. Yet if the financial system remains in tact, you shouldn't feel obligated to sell anyway; physical gold and silver are wealth preservation instruments to protect against inflation, not designed for speculative trading.

Damn lots of typos on this from earlier, i fucking hate siri

How many oz of gold and silver do I need to make it and survive the recession?

I believe you are correct, although it's because in your scenario external economies still operate and precious metals transpose across those economic borders without problems/premiums.
Venezuela for example loves silver and imposes massive premiums on it.
People always gauge what you can buy in Caracas right now with Ag in dollar/ounce, but don't forget that every 18 days the currency devalues 50%, so to hold a medium of exchange that will not do this is a premium.

Prices deteriorated, along with the currency, which is why the buying power with gold and silver there is crazy high.

Ted butler has been saying this for decades along with other well respected within the community.
>Because I’m pretty sure they’ve exited their position in Ag.
Kek, like JPM would sell the silver bottom AND lose their gatekeeper status over the silver futures and physical market

>Lets say the collapse happens and you need to cash out to fiat
I don't think you understand what the collapse implies.

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My sister worked at Bridgewater and says that Ray Dalios ethos on always holding about 10-15% in Gold can be thus explained:
In the event of a currency unraveling, prices will not appreciate at the same level as currency depreciates. This uncovered disparity can be exploited using a means of exchange which is inflation proof like gold/silver. So in essence if you REALLY believe the USD is going to go to shit, you don't need to hold that much Gold/Silver right now to have the same buying power going forward.
Your metals will appreciate and decouple.

I thought they had to sell because several managers pleaded guilty to manipulation

This

If a crash happened you wouldn’t trade in fiat anymore, you’d trade in goods/commodities. Silver/gold would become the new fiat

No they didnt sell anything, and even if they did itd just be the comex vault one which only has 150m ounces. Several managers did not plead guilty it was only one guy IIRC. They said he said he was taught how and was approved to do these illegal trades by upper management. He may be in spilling the beans on the higher ups bc he’s facing 30 years prison. Or they could’ve bought him off and he’ll be the designated fall man

DESU, if complete collapse like you guys are talking about happens, wouldn't you be better off having guns/ammos and canned food in a bunker? If it's a shit hits the fan kinda situation, who the fuck will trade you food for some shiny rocks?

Like I said you wouldn't want an apocalypse. Btw go take a look at some venezuelan videos brother.
That shit is the fucking apocalypse.

Oh i know whats happening in Venezuela. Thats why I say you would be better off having guns and ammos. Lets say Venezuela situation happens and someone finds out you have stacks of gold/silver because you have been using them to trade for food. You are getting shot and robbed.

We are...it goes by the name BTC now.

pls respond

Stay with silver, silver will be the highest gainer in the metals group. SILVER, user.

I like how heavy gold feels in my hand though. Even a gold sovereign that's less than 1/4 ounce feels so good to hold.

I already have a pretty decent silver stack and will continue to add to it. But I only have a tiny amount of gold, I really like to diversify

fuck you all

I'm in silver and crypto but I don't have any more money to buy more. I'm not gonna make it.

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Roughly 500oz silver and 10oz gold user

How about 22 ounces of gold and 220 ounces of silver?

Good enough

Since silver will moon x1000 not much, 2oz would probably be enough to survive.
But do you really just want to 'survive' user? Or do you want to become a fucking billionaire with 11/10 nippon waifus worshipping your whito cocku?

If the latter a good ol' 500oz monsterbox stack seems fine.

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my goal is 250oz silver and 5oz gold

Well both sounds ideal in this scenario. Feed yourself with your silver and kill the chingatos que quieren te matar.

Ez.

Fuck silver is boring. I got sucked into all the doom porn, Maloney/Schiff stuff. Bought a bunch of crap as a result. I still have a tube each of Maples, Eagles and Britannias but I ended up selling my 10oz bars and my 5oz gold. Havent looked at my coins since I bought them several years ago.

To be fair we are super probably wobbly entering a recession so you jumped the gun a bit.

I wouldn’t call it crap, you could have spent it on worthless stuff. Even if you bought at the top just hold onto your PMs and wait until another bull run

You buy silver and gold as a hedge against the dollar collapsing, you dont speculate on it short term. Have 1-5% of you net worth in it depending on how paranoid you are and forget about it. People who have nothing in gold or silver and people who are all in are equally retarded imo.

I would have to buy one monster safe if I went all in on silver lmao

Silver will 10x in 2019

screencap this post

>not 1000x
why are you fudposting user?

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If you don't want em Ill take em from ya user

in 2019 crypto will bottom and level off

in 2019 silver will 10x

in 2020 silver gold and especially crypto will moonshot ungodly to new heights... possibly 1000x from todays point

What the fuck is this delusion? I mean I hold both but I don't know if it will go up that fast. Let's be reasonable.

Trying to time or predict anything is futile. If you've been paying attention the last 5+ years you'd know that. We have no idea just how corrupt or how long this ponzi can be kept running

the only way it goes batshit that quickly is if there is a total global economic meltdown

I predict that if there is a meltdown that governments will pin their currencies to gold (and by proxy silver) at a ridiculously high valuation like $100,000oz gold $10,000oz silver failed bank books and debt would be eradicated and bank accounts would be nationalized.

A new bank of the USA would be instated to replace the fed and would act as a means of people to transact cashless new USD between them.

Investment banks would be banned from having savings accounts.

Credit and usuary will become heavily regulated and in most cases outlawed.

After the collapse if a person wants leverage to enter into a business endeavor he will have to go and put together direct investment.

you are delusional my dude

eh, we will see

20 Trilly in debt

100 Trilly in unfunded liabilities

Can barely pay the interest in debt

Deutche Bank on brink of collapse

Deutche has $40 Trilly in derivatives that if collapses literally is "Too big to BAIL"

Any failure in system at this point causes domino effect

I think you are delusional for believeing in the system my el duderino

no I get that a usa recession is coming, but all of the shit you said is just idiotic. You use reddit spacing. You think that a currency will somehow be pegged to two commodities at the same time (essentially price fixing one commodity to another for no real reason). You even misspelled usury.
I don't know if this is what you actually think or if you are trying to use some sort of reverse psychology by being one of those delusional conspiracy dudes or whatever.

The ponzi is over man. This is the biggest bubble since the fucking 20s. In fact this bubble is bigger than the one which caused the great depression because there is just so.. much.. fucking.. money.. everywhere. It is literal insanity how big the bubble is right now. It is so insanely big, that people are starting to think that we're in a stock market bubble. It's like people are spotting a bubble on a huge gigantic bubble, and trying to play the market for when that pops. No one understands just how fucked the USA is. I kind of laugh at these threads because people actually think they will be safe holding gold and silver. You guys have no idea just how bad it's going to get.

I'm a silver stacker I'll buy my first ounce of gold once I reach 100 ounces of silver. I'm not saying other Jow Forumsrailies should completely pull out of the world but our world is on the brink of collapse and precious metals are what was inside of pirate treasure chests

The parking lot of my university is filled with audi's and bmw's, and all of the students complain about the government reforming the student loan system.
I think the paradigm that has formed from two consecutive generations of North Americans not having to ration, go to war, buy War bonds etc.. has really fucked us today.
I agree with everything you've said user.
I'm graduating in economics, and a theory being put forward looks at "uncovered disparity of debt servicing" which basically boils down to how with inflation we end up repaying less in the future, and since the U.S has historyically been able to negotiate it's way down and out of these problems economists are actually fucking contemplating the idea of never shrinking the national debt, but rather negotiating it to levels that allow for Inflation to slowy kill it off.
We looked at that PHD student level work and like three of us hopped in a car and bought some silver at a store rihgt after class no shit.

Could you link to the articles you read?
Would be an interesting read.

I guarantee you all the niggers in cities will revert to their cannibal genetics the first week the gibs stop

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Is it worth getting paper gold, or should I just be getting into physical gold and silver, for when shit goes off the rails?

Muh boomer rocks. Muh manipoolashiun. Muh societal collapse. Muh gkld silver ratio.
At least it neats link thread #6000000 I guess.

But eh...
armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-ratios-are-they-really-worth-much/

>paper gold
No such thing.

Paper is paper.

Gold is gold.

Choose wisely.

I have 170oz of silver coins.
Am i safe biz?

If you can't hold it, you dont own it.

I'd say comfortable level to not be completely shafted in case of recession, but not enough to be lambo tier ballin.

I'd try to shoot for 500 ounces while you still have the chance, then you'll be sitting really fucking well whatever happens.

going to buy a tube of ATHENIAN OWL and AUSTRALIEN KANGAROO and some Silver Dragon Bars today
49 oz in total.

yay or nay?

so what exactly happens in case silver "moons" and everybody wants to unload their stack, you just go to some family run shop near you and expect they can pay every Shlomo with a few ounces a fortune?
If it moons during a recession where are all the buyers coming from?

Mints will always buy at spot price, especially now that they are having a hard time keeping a steady supply with miners shutting down. There will always be a demand for silver. When it went to $50 I had no problem offloading some and at a premium just because of the amount of FOMO that was happening at the time.

If there's no buyers it won't moon...

the "mooning" just means your currency is hyperinflating.

so many PM shills recently, another bubble?

Sure, the stocks will be really hot, because you can push slips of paper around quickly and make a nice buck, but i am talking about what happens when you try to sell a masterbox for example, you think a trader would buy everything off everyone at the peak of a bubble and risk sitting on mountains of shiny stuff after the price deflates again?

Sure, but what about a spot price of 100? 1000?

so what? you will never exchange your shinies back to fiat? you will buy a house with bullion?

Actually if our currency is hyper inflating the seller might actually demand payment in a PM/commodity over fiat currency just due to the declining value of fiat.

Yes 100, 1000, doesn't matter, if it's the official spot price there will be buyers, especially in a hyper inflation scenario. The people late to realize what's happening will literally throw money at anyone willing to part with PM's/commodities just because of wealth retention.

Perhaps not, you're right that paper and physical don't need to correlate in the short term.

The herd seems to buy things at the wrong time though, once you hear people out in the wild (at work, etc) talking about buying silver it's time to start unloading the bags.

I remember a guy at work asking me if his 14 year old son was rich with Bitcoin because he has a steam wallet... about 2 weeks before Bitcoin topped out Dec 2017

that makes sense, thanks

I have been sitting on 500oz for a while now, but i have only recently really understood that i will have to make a plan for when i want to sell

I've been buying Vertcoin. Already almost doubled my money in the last few days.

>175 shitcoin threads active 24 hours a day, every day
>one or two gold and silver threads active that maybe last for a few hours

OMG! Why is there so many PM shills around here???

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I noticed the exact same thing too with crypto, but seeing how silver/gold are pretty much just a hedge against the whole economy i expect the buying hype to be a lot longer, just because a depression takes years, and as long as there is no profit to be made in stocks, precious metals stay attractive

>bought 10 oz of gold for 1 BTC in december '17
>tfw 280 oz of gold is equivalent to 1 BTC in terms of total supply

gold has lots of industrial uses you mong

you can't fork gold

Mike is a scammer.