- Joined
- Nov 30, 2022
I would ally with a Wendigo for metals. Just feed them homeless people and federal agents. We can chill.
$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals
- Thread starter Rabidcolombian
- Start date
- Joined
- Dec 15, 2022
Actually shocking to hear that, there is only a single case I know of a precious metals mine in South America that was a failure and it was mismanaged to all hell, all other mines I know (survivorship bias maybe) either publicly traded or not are making a profit, some which are very badly managed (Dynacor) still manage to make a couple million in profit and tens of million in revenue.
I come from a very heavy logistics background and only as of the past few months have I gotten hard into the mining industry so maybe I'm in for an unpleasant surprise but everything looks good so far and the company is convinced we can make some great profits so we'll see.
- Joined
- Dec 27, 2023
So glad my last silver buying phase was last fall before the price spike. I probably would make a few hundred in profits if I sold some of my bars right now.
- Joined
- Dec 15, 2022
Wait a few years for triple digit silver, you'll be covering an initial down payment on a house, and if you have other irons in the fire, you can continue to take advantage of this Semitic global wealth transfer.
- Joined
- Dec 27, 2023
Boomer silver bugs have been saying that longer than I've been alive. I'll just be happy with $30 an ounce being the new normal.
- Joined
- Jan 31, 2021
Picked up some gold, too good of an opportunity to pass up. Hopefully will still be able to buy silver at end of month, no reason I'm foreseeing not even if it does keep ticking up.
It seems like: (1) they can't manipulate energy, print money for the infinity browns/keep the GDP up and paper manipulate PMs, (2) they're ok with PMs ticking up a bit and/or (3) they actually want new supply online which requires a higher price due to costs of mining in the west. I'm leaning towards #2 & 3 because unlike energy where they do not want new supply as it directly conflicts with the 15 minute city, bug pod life and they can do SPR dumps, restrict LNG exports - more PM supply would hurt the foreign nation hodlers.
They always have the London Metal Exchange lawfare option, in which they just dismissed the damages by hedge funds invested in futures contracts for nickel after the exchange just shut down trading when it was discovered the exchange didn't have nickel (or the amount they said they did, can't remember).
If I wasn't just buying as wealth preservation and instead investing I'd probably be hedging for above. Unless the SCO (Shanghai Commodity Exchange) finds its balls, starts listing PMs and could pilfer traders/investors/producers from the western exchanges - COMEX, LME, CME. Just assume its manipulated (either one way or the other) and don't be surprised whichever direction price heads. Apparently Russia has proposed to BRICS that grain be the first commodity to be semi-isolated from western futures markets. (A) If that goes forward, watch out.
I also would not be surprised if the west simply banned export of gold to China who has been buying a lot (even their citizens since there's nothing else to put money into). So that could cause a temporary price decline.
Same thing happens with inflation "Oh no its going up, time to pass another spending bill." They want it to increase, but not out of control. The ability to engage in commerce is freedom, restricting that is the goal. So while they spend money they also believe in the voodoo magic Phillips Curve, decreasing wages by infinity browns, restricting energy price increases, etc. means inflation remains in control (this is what globalist Keynesians actually believe).
They always have the London Metal Exchange lawfare option, in which they just dismissed the damages by hedge funds invested in futures contracts for nickel after the exchange just shut down trading when it was discovered the exchange didn't have nickel (or the amount they said they did, can't remember).
If I wasn't just buying as wealth preservation and instead investing I'd probably be hedging for above. Unless the SCO (Shanghai Commodity Exchange) finds its balls, starts listing PMs and could pilfer traders/investors/producers from the western exchanges - COMEX, LME, CME. Just assume its manipulated (either one way or the other) and don't be surprised whichever direction price heads. Apparently Russia has proposed to BRICS that grain be the first commodity to be semi-isolated from western futures markets. (A) If that goes forward, watch out.
I also would not be surprised if the west simply banned export of gold to China who has been buying a lot (even their citizens since there's nothing else to put money into). So that could cause a temporary price decline.
Same thing happens with inflation "Oh no its going up, time to pass another spending bill." They want it to increase, but not out of control. The ability to engage in commerce is freedom, restricting that is the goal. So while they spend money they also believe in the voodoo magic Phillips Curve, decreasing wages by infinity browns, restricting energy price increases, etc. means inflation remains in control (this is what globalist Keynesians actually believe).
It definitely is for the 4% total cash back. Downside is you get it at the end of year and its possible you lose money if its an investment play due to spot price. For Costco? Its brilliant. They increase the number of executive members/cc holders and keep the cash until end of year. They also had a run of 20x American Eagles a few weeks ago so they're expanding into silver as well.
- Joined
- Dec 15, 2022
It's kindov amazing people aren't connecting the dots... 20 years ago, people said the same thing about Gold "it will never go passed _____" over and over until - it's near 2500 now. Then those naysayers disappear like smoke. The same guy I watch for metals info. called exactly what is happening in Gold now back in early 2020, I started watching him them and his prediction was accurate to the year and to the season. He proved himself to me with that and his argumentation about Silver is solid.
- Joined
- Sep 29, 2018
Managed to snag a roll of 20 of the 2021 Ox and 2023 Tiger Lunar coins from the Perth Mint today; cost more than I would've liked, but got a lesser price that some of the crazy shit you see out there. I now have a roll of 20 for every year of the BU III series and will hopefully get the new ones as they release instead of a later inflated price. Also picked up a stack of South Dakota Gold Backs, just need to find some sort of proper protective sleeve/wallet for them; would like one that fits snug, but may just go with the basic dollar type sleeves.
- Joined
- Dec 31, 2022
Covid printed 40 percent of the world money supply overnight. It takes awhile for the consequences to circulate thru the system. I remember after the Great Financial crisis wanting gold to go sub 400, it never did. Prices are going higher, allot higher just my opinion,
- Joined
- Dec 15, 2022
I like the art on the goldbacks and their cultural history symbology. I would argue the most important thing about fractional Goldbacks is getting gold into more people's hands and forcing States to acknowledge them as legal tender (like the Constitution demands). We have been led astray by the Rothschild Bankerbergs for over a century of economic Rot and wealth transfers to the east. The way to fix it is to return to a Gold-backed legal tender. But the Beast stirs when it hears that.
- Joined
- Sep 29, 2018
I don't think anything is going to go down in price; bar some a President going full Hitler (not gonna happen), or an absolute collapse that does a hard reset on shit (not in our lifetimes). Prices may fluctuate a bit as they do, but there will never be a drop with people celebrating a return to normalcy. Shit's gonna go up until it become untenable and then the bankers will flee and start their shit again in another country.
- Joined
- Jan 17, 2023
I think we'll only see significant drops in prices about the mid-to-late 2030s. Somewhere along the way, the US dollar will also cease to be the WRC.
- Joined
- Dec 31, 2022
22 years ago an ounce of gold was 300 dollars lol everything is fine!
- Joined
- Jun 17, 2019
I forgot to post earlier today that I bought more gold and silver today.
- Joined
- Dec 15, 2022
Watching a 1996 episode of Space Ghost, and I came upon this little line. Of course SG being the tard he is, he talks all over her, but people knew, even back then, shit was getting fucking twisted even if they didn't know how best to articulate their thoughts.
"Richard Milhouse Nixon, he was the guy who cut the, you know, took the country off the Gold-Standard. So after that money was abstract, it was nothing, it was just numbers. Once it becomes so completely ethereal, then it can be anything..."
"Richard Milhouse Nixon, he was the guy who cut the, you know, took the country off the Gold-Standard. So after that money was abstract, it was nothing, it was just numbers. Once it becomes so completely ethereal, then it can be anything..."
- Joined
- Dec 24, 2018
I posted a similar video about a year ago, but it doesn't seem to be loading. So here it is again.
"It's all make believe numbers and market manipulations!"
- Joined
- Mar 16, 2021
That got a chuckle out a me. Maybe, just maybe there is some hope for modern cartoons....
- Joined
- Jun 17, 2019
So if biden some how passes the unrealized gains tax at 25% that is economic suicide, how high does gold/silver go due to people putting everything they have in metal via cash purchases that can't be tracked?
Edit to prevent double post:
This might be a weirder question, but does anyone know a place online where you can buy unprocessed silver ore?
Let me explain. I have a family member that does scrap reclamation melting for like aluminum, copper, tin, zinc, etc and has even gotten into doing stuff like bronze, brass, Nordic Gold, and has even started stripping gold and other metals from eletronic curcuitry from using various chemicals and processes.
So I want to buy him raw silver ore to process for his hobby but also don't want to get ripped off/scammed.
Edit to prevent double post:
This might be a weirder question, but does anyone know a place online where you can buy unprocessed silver ore?
Let me explain. I have a family member that does scrap reclamation melting for like aluminum, copper, tin, zinc, etc and has even gotten into doing stuff like bronze, brass, Nordic Gold, and has even started stripping gold and other metals from eletronic curcuitry from using various chemicals and processes.
So I want to buy him raw silver ore to process for his hobby but also don't want to get ripped off/scammed.
Last edited:
- Joined
- Dec 31, 2022
The Unrealized gains tax is never going to pass, or if it does it will never be enforced and gutted like Obama care, and the Covid Mandates.
I am no lawyer tax expert, I am a shit poster on Kiwifarms, but I heard Us Minted Liberty eagles in gold can only be taxed at 50 us dollars, and Silver Liberty's at 1 Dollar. I havn't had my coffee yet.... Maybe some one else that knows better can expand on the topic.
- Joined
- Aug 12, 2023
If they try and pass the unrealised gains tax watch the media change their tune on Trump very quickly.