- Joined
- Jun 17, 2019
You can't stop me from doing my DCA buys.
I need more bars to build more buildings.
$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals
- Thread starter Rabidcolombian
- Start date
I need more bars to build more buildings.
- Joined
- Aug 24, 2023
If you can't keep track of your own arguments made on the same day, maybe you have a drinking problem.
If you think silver is worth $245/oz (LOL, inflation adjusting to a 20 minute spike when the Hunt Brothers tried cornering the silver market) then buy some, that's easy money. It's not, and it's not because comex or THEY want to keep the price of silver down, it's because it's mostly an industrial metal, like platinum.
Silver's worst enemy are those who claim it's going to $50 or $200 any day now and then blame THEM when it doesn't happen.
- Joined
- Dec 31, 2022
Being able to afford a drinking problem is one of the perks of stacking, and no debt. but please continue to buy at the top like a chicken little the sky is falling pussy.
there is room for silver to run, and industry is falling off a cliff ....
- Joined
- Apr 2, 2019
- Joined
- Feb 13, 2018
I was planning to get more gold before it hit 3k. I'm sad.
- Joined
- Feb 3, 2024
I appreciate how while the stocks thread is full of constant bickering, doomposting, and general bellyaching, the PM thread is much more chill and comfy with people just pointing out good opportunities and showing each other their cool purchases, with just a mild obligatory level of hate for dirty kike manipulation schemes.
- Joined
- Dec 24, 2018
I think it has to do with intrinsic value- what is (thing) worth beyond what people are willing to pay for it? Many companies aren't worth the price on the stock market, a phenomenon known as overvaluing. Warren Buffett himself has claimed Berkshire is overvalued; relative to its book value, he's right. Class A stock has book value of $320,155.60/share, meaning Class B should be worth $213.44/share (thanks to a a 50 to 1 split, Class B is worth 1/1500 of Class A).
Back to intrinsic value: if you don't know the value of what you're investing in, the only thing you have to go by is price. Since price in the stock market is, in general, hysteria-driven groupthink, if you don't know the value of your investment, you'll inevitably be panicked by what is essentially other people's judgement. Incidentally, this is the heart of technical analysis: use proven patterns of behavior to guess how traders will think. This is also why technical analysis fails in times of volatility: black swan events and uncertainty from Trump's latest edicts can throw your funny graph patterns out of whack.
An example of intrinsic value is your house. Do you check its value on Zillow daily? No, of course not. You're only concerned when you need to sell, because you know the house has and will retain value. It's the same with precious metals. We know the value of what we hold, so we have no reason to panic over a red day.
A good test to see if you know the intrinsic value of what you want to invest in is this: if you invested in it, but were not allowed to check the price or sell for the next five years, would you? If the answer is "no," you have no reason to place your money in it.
I would urge the stock market thread to read up on Ben Graham's parable of Mr. Market. Once you understand the value of what you hold, the price of your investment (stock, crypto, etc.) will no longer panic you.
Back to intrinsic value: if you don't know the value of what you're investing in, the only thing you have to go by is price. Since price in the stock market is, in general, hysteria-driven groupthink, if you don't know the value of your investment, you'll inevitably be panicked by what is essentially other people's judgement. Incidentally, this is the heart of technical analysis: use proven patterns of behavior to guess how traders will think. This is also why technical analysis fails in times of volatility: black swan events and uncertainty from Trump's latest edicts can throw your funny graph patterns out of whack.
An example of intrinsic value is your house. Do you check its value on Zillow daily? No, of course not. You're only concerned when you need to sell, because you know the house has and will retain value. It's the same with precious metals. We know the value of what we hold, so we have no reason to panic over a red day.
A good test to see if you know the intrinsic value of what you want to invest in is this: if you invested in it, but were not allowed to check the price or sell for the next five years, would you? If the answer is "no," you have no reason to place your money in it.
I would urge the stock market thread to read up on Ben Graham's parable of Mr. Market. Once you understand the value of what you hold, the price of your investment (stock, crypto, etc.) will no longer panic you.
Rootless Cosmopolitan
kiwifarms.net
- Joined
- Aug 2, 2024
At least in my case, I buy gold to make me feel more secure. Gold is my financial safety blanket. It’s shiny, it’s always worth SOMETHING, and it’s, well… there. You can touch it and see it.
- Joined
- Dec 19, 2022
It's because everyone deep down knows pretty much the entire stock market has been pumped beyond belief with fake money, gold is my one and only investment I am 100% confident in at all times. If it has been valued for 5000 fucking years and I live to see it become worthless then so be it - but I sleep easy in the belief that it will not and lots of central banks seem to be agreeing with me.
- Joined
- Dec 15, 2022
Paying attention yet? It really is this blatant, every time, 8 o'clock sharp. Kikes can be quite prompt, when raping the goyim...
- Joined
- Dec 12, 2022
I noticed this too.
Now, I'm not saying there's no manipulation or conspiracy going on in the stock market...but don't a lot of traders close out ie sell their positions just before the market closes so as to avoid the risk of holding those positions overnight?
Most of these autistic bastards are so risk averse they'd rather do so and take a small loss than a potential larger loss due to not being able to react instantly to any new developments when the market is closed.
You'll see it happens just before London closes for trading, which is the biggest wholesale gold trading market.
I don't really know, just a possibility.
- Joined
- Aug 24, 2023
Monument has gold at spot, including British Sovereigns: https://monumentmetals.com/great-britain-sovereign-random.html
For silver fans, there are 'off quality' 10 oz RCM bars for a penny over spot: https://monumentmetals.com/cull-10oz-silver-government-minted-bar-random-mint-and-date.html
For silver fans, there are 'off quality' 10 oz RCM bars for a penny over spot: https://monumentmetals.com/cull-10oz-silver-government-minted-bar-random-mint-and-date.html
- Joined
- Mar 16, 2025
Did any of you ever try Coinstar "hunting" at one point? If you don't know what that is, basically the coin counting machines in grocery stores are programmed to accept coins based on their weight and they reject silver coins because of that. Often the people who dump coins in don't check the reject trays/don't know their pre-65 coins are made of silver, so they just leave them there.
I don't do it anymore but it was fun during high school. This is a silver quarter I scored a few years ago, worth like $6.
I don't do it anymore but it was fun during high school. This is a silver quarter I scored a few years ago, worth like $6.
- Joined
- Dec 31, 2022
I dumped my Polaris pos predator 500 at a grocery store for 20 ounces of silver ...... Ironic seeing your username.
- Joined
- Dec 15, 2022
Lines from Mike Maloney's G/S book:
"If there was a default on the commodities exchanges during the coming gold and silver rush, I believe you would see the exchanges change the rules to liquidation orders only, or even freeze the prices of all open contracts, while gold and silver prices for immediate delivery and “off exchange” silver (silver that is in private hands or in depositories that are not part of the commodities exchanges) continues to shoot to the moon. In this case, anybody who is playing their game, whether it is futures contracts, or through an entity that is just giving you exposure to the price of the metals (by itself possibly being exposed to futures), will be left out in the cold. I remind you of this clause from the silver ETF: “"the liquidity of the iShares may decline and the price of the iShares may fluctuate independently of the price of silver and may fall.”"
There is a default coming in silver futures, where sellers of paper silver will not be able to get the physical silver to deliver. When that day comes they—the COMEX (Commodities Exchange), the CFTC (Commodity Futures Trading Commission), and the ETFs—will change the rules. How would you like it if you had a large position in silver and the big boys changed the rules so that the price of your silver was frozen, while the price of everyone else’s silver continued its intergalactic trajectory? Don’t play their game. Play your own game, by your own rules.
So, ETFs, pools, certificates, margin, futures, and options all share one thing in common: You’re either going up against, or handing your currency over to, professionals. As Eric Sprott, of Sprott Asset Management, reminds us, the (((financial establishment))) regards the small investor as “the plankton of the financial world.” So, if you want to be the plankton of the financial world, go ahead and use leverage without an education."
State Twats are trying another scheme, of course
"If there was a default on the commodities exchanges during the coming gold and silver rush, I believe you would see the exchanges change the rules to liquidation orders only, or even freeze the prices of all open contracts, while gold and silver prices for immediate delivery and “off exchange” silver (silver that is in private hands or in depositories that are not part of the commodities exchanges) continues to shoot to the moon. In this case, anybody who is playing their game, whether it is futures contracts, or through an entity that is just giving you exposure to the price of the metals (by itself possibly being exposed to futures), will be left out in the cold. I remind you of this clause from the silver ETF: “"the liquidity of the iShares may decline and the price of the iShares may fluctuate independently of the price of silver and may fall.”"
There is a default coming in silver futures, where sellers of paper silver will not be able to get the physical silver to deliver. When that day comes they—the COMEX (Commodities Exchange), the CFTC (Commodity Futures Trading Commission), and the ETFs—will change the rules. How would you like it if you had a large position in silver and the big boys changed the rules so that the price of your silver was frozen, while the price of everyone else’s silver continued its intergalactic trajectory? Don’t play their game. Play your own game, by your own rules.
So, ETFs, pools, certificates, margin, futures, and options all share one thing in common: You’re either going up against, or handing your currency over to, professionals. As Eric Sprott, of Sprott Asset Management, reminds us, the (((financial establishment))) regards the small investor as “the plankton of the financial world.” So, if you want to be the plankton of the financial world, go ahead and use leverage without an education."
State Twats are trying another scheme, of course
Fascist Kirk (Yoja)
kiwifarms.net
- Joined
- Jan 11, 2023
@Lone MacReady II or they wiil cash you out of your paper position. got physical?
- Joined
- Dec 24, 2018
If you're using leverage, you're a retard who deserves to get liquidated. The only people who make money on leveraged trades are insiders with insider information, and spoiler alert, you're not an insider.
- Joined
- Aug 4, 2019
Anyone else waiting for silver to go back below $30/ounce before buying a bunch?
- Joined
- Feb 3, 2024
Not the big dick finance expert but I'm pretty sure that changes to paper trades are coming soon, which fucks with the price suppression. With that in mind it doesn't seem like waiting for a dip is reasonable. Or something like that.
I dunno though, I just dollar-cost-average 100-200 USD a month into gold or silver, which ever has a better deal at the time.
- Joined
- Apr 2, 2019
I keep waiting for gold to go back down (to where? Idek) before getting more, but obviously that's been a losing game.