WAGMI edition.

>Why Gold & Silver?
https://youtu.be/i3S4rl6ehiI
https://youtu.be/gksenA5Al_A
https://youtu.be/FI7NnOg2rxo

>Huge deficits in minerals such as silver by 2050 inevitable
https://youtu.be/iibsrDXdEos

>Bullion dealers
https://libertycoin.com/(US)
https://www.chards.co.uk/(EU/UK)
https://www.silburycoins.co.uk/(Ancient)
https://www.luciteria.com/(Other rare metals)
more at:https://pastebin.com/gZfZHtNE

>Numismatic search
https://en.numista.com/catalogue/
https://www.ngccoin.com/price-guide/world/

>News and graphs
https://numismag.com/en/home-en/
https://silverseek.com/
https://www.silverdoctors.com/
https://www.mining.com/
https://silverbacksnakes.io/finance/silver
https://www.gold.org/goldhub/data/gold-reserves-by-country
https://wtfhappenedin1971.com/

>Compare
https://findbullionprices.com/(US)
https://eu.compare.pm/(EU)
https://www.gold.de/aufgeldtabelle/(DE/EU)

>Resources
https://www.jmbullion.com/ultimate-guide-to-90-silver-coins/
https://kevinsworkbench.com/junksilverguide/
https://www.coinflation.com/
http://coinapps.com/
https://erikasgrig.com/calculators/rpi-calculator-inflation/
https://learn.apmex.com/buying-guide/buying-in-the-usa/
https://pastebin.com/5aLmWUUK

>Prospecting
https://youtu.be/ZCL6FKQZyoM
https://www.usgs.gov/programs/mineral-resources-program/science
https://www.mndm.gov.on.ca/en/news/mines-and-minerals
https://www.amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Nitric acid, magnets, and ping test
https://youtu.be/3mg9YcAShTo
https://youtu.be/NgSXg-WOEVY
https://youtu.be/2ymGAyKAg-k
https://www.fakebullion.com/index.php/resources/fake-bullion-database

Previous Thread: >>60616701

this is our time
keep on stackin'

Good evening, l hate niggers.

Winning

Should I buy silver or platinum tomorrow? I've been feeling a platinum itch lately. Ive got this feeling that it will hit 2k per ounce by the end of the year. I will not discuss what I currently own.

>>60623553 (OP)
Added 5 more vials. Stack steadily growing.

>>60623588
We're only getting started.
https://youtu.be/F_HoMkkRHv8?si=y6qDcID9B0EayTRF

Cheapies are over, may this week be good

>>60623603
yup. it's ogre for fiat chuds

Fuck the greenback
Fuck bitcoin
Fuck smallhats
Fuck crypto

Lmao, the government taxes silver and gold at a punitive rate since they are considered collectibles like beanie babies, so high you are guaranteed to lose if you hold long term.

>Pre-1965 silver coinage, which contains 90% silver and 10% copper, is subject to specific tax regulations. The IRS considers physical holdings in precious metals, including pre-1965 silver coins, as collectibles. When these coins are sold, the gains are subject to capital gains tax, which is up to 37% and state tax up to 13%. This tax rate applies to the sale of precious metals, regardless of whether they are in the form of bullion coins, bullion bars, rare coinage, or ingots. The tax rate depends on your marginal tax rate. Even worse your "gain" is likely due to inflation so it's not even real but you still get taxed!

>>60623596
I just bought another ounce over the weekend. I probably paid too much and it's dropped in price a little since then but l don't care.
I already bought alot of Platinum back at sub $1k so l can easily eat it into my DCA and still be waayyy into the positive.

>>60623619
Normies will "ooh, ahh" at crypt0. Meanwhile we all know what's really at stake.

>>60623630
Thankfully I dont live in a shithole, theres 0% tax on gold and silver here as long as they are minted bullion coin which work as legal tender
Meanwhile theres 40% tax on stocks and crypto winnings

>>60623666
>as long as they are minted bullion coin which work as legal tender
Does county of origin matter?

>>60623553 (OP)
Quick reminder that Bitcoin is hitting new ATHs today, and if you'd bought during the dip to $102K like I suggested a few weeks ago, you'd now be up 20%.

>>60623666
In the USA, which is a shithole, metal is taxed up to 50% and crypto long term capital gains at 0% for the first $47,000 per year

>>60623671
No, any coin that has been in circulation at any point in time is exempt from tax

>>60623675
>Bitcoin
HAHAHAHAHAHA!!!
Imagine being someone else's exit liquidity, and being proud of that. What a cuck.

>>60623666
And sorry but gold and silver aren't legal tender. Literally no one uses it for the last 60 years

>>60623671
He's lying to you

>gold and silver aren't legal tender
Commies get the rope.

>>60623690
The only liar here is you.

>>60623685
Gold and Silver bullion minted by a goverment institution, which have a denomination, are legal tender

>>60623683
>HAHAHAHAHAHA!!!
>Imagine being someone else's exit liquidity

Exactly that's why I don't buy shit investments like gold and silver, not gonna buy your bags

>not gonna buy your bags
I'm not selling, dickhead.

How's 90% doing?

>>60623714
You all say that, which is why you lose. Lmao you brag about being a wagie and dying with a bag of rocks

>>60623730
1.) You never post a portfolio
2.) You don't own a car
3.) All you can afford is cheap, garbage quality food
4.) You don't own a house
5.) You're retarded enough to think that brass is gold
6.) You post the most here every day. Clearly not behavior of someone who's made it

>>60623718
>90%
Hell yeah!

>>60623685
>gold and silver aren't legal tender
depends where you are. Pic related from here:
https://worldpopulationreview.com/state-rankings/gold-and-silver-legal-tender-states
>>60623705
>Gold and Silver bullion minted by a goverment institution, which have a denomination, are legal tender
Maybe, but that doesn't mean you can use them to make payments. I can think of only one case where the face value was more than the metal content's worth: a brief time when silver dropped rendering the kilo Queen's Beast completer coin's face value greater. Story is, a guy tried to cash it at a bank and it was refused. I can't find that story online though.
More here, for bongs:
https://www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines
Mostly, bullion coins are minted under a government's authority/license so the mint can sell them and avoid certain taxes by virtue of being legal tender in some countries.

>>60623553 (OP)
Thought u PMG chads would enjoy this At my NZ private vault ..didn’t ask price ..but if I was billionaire. Remember gold is $22trillion market cap and needs to climb multiples higher to account for the $700+ trillion of global financial instruments.

>>60623685
>>60623802
Oh yeah... pic.

>>60623802
>>60623807
ID gJR9lcCS is the local FUDer who's been here since 2022. He's retarded and thinks brass is gold.

>>60623802
That list is silly, you can't use gold or silver in any shops, to pay bills or taxes etc. So no, gold and silver aren't legal tender anywhere

>gold and silver aren't legal tender
It's better than that. It goes up in value, and has intrinsic value.
You can't coat CPU pins in crypto.

>>60623806
Shiny

>>60623802
>Maybe, but that doesn't mean you can use them to make payments.
Yes, It's the metal value that counts. The denominations are usually way lower than the price of the metal.
I think it's more about creating a loophole giving 0% tax on gold and silver, in certain places, like my country.
The state clearly doesn't mind because they haven't done anything about it.

>>60623553 (OP)
Femanon here. I sometimes come to biz for crypto information and it’s fun and exciting being on this sick board trying to make money. But anytime I decide to open up this precious metals general my pussy instantly goes bone dry as I read all you broke losers talking about silver.

>>60623879
>Femanon
You will never be a real woman.

>>60623871
>I think it's more about creating a loophole giving 0% tax on gold and silver, in certain places, like my country

Quit lying

>>60623886
Read the law youself, section 9.3 a - c
https://lovdata.no/dokument/NL/lov/1999-03-26-14#%C2%A79-3

Alternatively translate this site to english:
https://www.gullbanken.no/kjope-gullmynter/alt-om-a-kjope-gull/

>Gold coins classified as currency
>Gold coins are classified as currency. They are legal tender with a face value denominated in the country’s currency.

VAT
>There is no VAT on gold coins in Norway. >Together with their classification as currency and as a hobby item, this makes gold coins a very advantageous and safe choice for purchasing and saving.

>Tax
>No tax is levied on any gain if you sell a gold coin or gold coins. Note, however, that you also cannot claim a deduction for any loss on the sale of a gold coin or gold coins.

>>60623879
Tits or gtfo

>>60623896
The same goes for Silver, Platinum and Palladium.
Any metal that has a face value and denomination is completely tax exempt.
Now compare that with the 42% stock and crypto tax and it's a no brainer for me to just use gold to hedge against inflation

>>60623896
>Read the law youself
Are you implying that ESL fool is capable of understanding what he reads?

>>60623879
That’s a man! You sick fuck! There were no men in dresses in 90s.. oh yeah and enjoy being perma POOR

>>60623933
Nice stacks :^)

Yes, that or underage/early 20s. I usually figure if you throw reason at a person long enough eventually they'll buckle.

Did Poland ever make coins with the Queen Jadwiga design again after the war? It would be cool to have that in a higher relief and better condition than the worn out examples that survived WWII.

>>60623962
>usually figure if you throw reason at a person long enough eventually they'll buckle
You're clearly new here. It's been like that with the shill for the past 3 years...
Someone really doesn't want us buying silver.

>>60623976
I don't think so. A lot of them were made in England anyways.

>>60623986
>Someone really doesn't want us buying silver.
J.P. Morgan must've started hiring interns, wonder how much he makes per hour.

>>60623991
Very nice, but where is the 20 zloty gold Boleslaw?

>>60624001
It's mostly a bot with some shitskin behind it who occasionally posts an image and always embarrasses himself by showing how truly poor he is.
>>60624011
Never got around to getting one of those. Also
>BOLESLAW IS READY!
Couldn't resist.

>>60623986
True, i hate seeing naive idiots get scammed by the people they claim to hate. I get it you saw the ads you believed the FUD.

If you listened to me you would have made 5X in 18 months,,,,instead you are breakeven or much worse

I guess it is my fault if i hadn't proved silver is a scam and made you defensive you probably would have figured it out years ago and be rich by now

>you are breakeven or much worse
We're already better off than this dipshit who never proves he actually even owns any bitc0in

>>60623991
That's unfortunate, a lot of the communist era stuff is so bland in comparison to the designs that came out before the war.
>A lot of them were made in England anyways.
It's always so interesting to me how countries used to contract out their minting work to other countries' mints and yet nowadays the only big examples of this happening are Sweden whose coins are minted by Finland after they shut down their own mint and New Zealand who never had a mint and have their coins made by the Royal Canadian Mint.

>>60624053
>silver is a scam
Yes, the universe will rugpull all the silver atoms from under us

>>60624079
Another good example is Armenian silver Arks being made in Germany.
>>60624080
He's a third world shitskin who never allows logic and reason to prevail. Picrel is from his earlier days here.
Oh and he also doesn't own a car, which is hilarious because if he did he'd easily be able to prove it. On top of that, he has no friends. If he did, he could take a pic of their car with a timestamp and just say it's his.

>>60624080
True, in 10^5000 years, all atoms will have either fused or decayed into Iron 56.

Flirting with $39

They sure are mad i tried to help them become rich. This years pick SBSW is up 155% but they refused to buy because I proved silver is a scam

>>60624172
Prove you're rich

Why did Canada never make a 50% Silver Half Dollar when they made 50% SIlver Dimes, Quarters and Dollars?

My old lady pointed out the price on this bar. The fucking rats have this karmic thing where they have to tell you what they're doing to clear their evils.

>>60624180
He never does. He's a poor, little brokie.

>>60624199
>1 ounce (28.3 grams), not one troy ounce (31.1 grams)
>25th Anniversary of Israel (not officially issued, privately minted, so no numismatic value)
>$66.64
This is probably the most Jewish piece of Silver in existence.

>>60623678
lying cunt. long term cap gains is at 0% for everything if your income is less than 47k

>>60623563
Yep

>>60623853
>That list is silly, you can't use gold or silver in any shops, to pay bills or taxes etc. So no, gold and silver aren't legal tender anywhere
The best use of gold and silver as legs tender is on moving money from country to country. You can bring 50$ gold pieces in and out of the USA and you only need to declare their face value, not their melt value.

>>60624199
checked
I'm so tired of their satanic bullshit.

How do you even go about sell physical shit like this without getting scammed

>>60623596
nice week to wake up to
>silver up
>gold up
>crypto up
>stocks falling

>>60624283
How could I get scammed when I know it's value?

>>60624305
Its*

>>60624283
There are only three major scenarios in which you should sell:
>It's an emergency and you urgently need money
You aren't going to get the metal's full value if you are trying to sell as quickly as possible and you need to accept that.
>You need money for a major investment/ purchase
Talk to a dealer in person beforehand, get an appraisal and shop around a lot, look everywhere and see who gives you the best price. You aren't really in a rush to sell in this scenario, so take your time to find the best price.
>PMs have found their true value
Selling is not necessary, if Gold and Silver have truly found their true value (that is to say fiat is dead) you should be able to just spend the metal itself in such a scenario.
If Gold and Silver have somehow mooned without fiat collapsing, then you'll probably want to shop around for the best deal like I said in the option above.

>>60623879
>Femanon here. I sometimes come to biz for crypto information and it’s fun and exciting being on this sick board trying to make money. But anytime I decide to open up this precious metals general my pussy instantly goes bone dry as I read all you broke losers talking about silver.

LFG

>>60624449
Kek
>>60624290
>crypto up
It's just to keep normies away from PMs as long as possible.

anyone here brave enough to try and guess when it comes back down?

Futures at $39.55 USD

PSLV shorts are tame as to be expected.

Silver will top at $40.7

>>60513956
start to DCA in.

>>60624596
>top at $40.7
Show your work.

>>60623666
>20% tax on silver bullion when buying
>also 30% cap tax gain
Only way to make money in Europe is holding this shit until its 250/500$.

>>60624549
>3h until market open
I'm so excited bros, wonder how much miner will be up

>>60624403
>PMs have found their true value
>Selling is not necessary
we'll assume whatever government got instated to tell people via the shiny box that yes, we're now trading in slibber, come exchange your paper, will probably mint their own coins to establish dominance and have recognizable coins.
In that case, sell any trash metal (<90% purity) you have to the state or melt it IF their rates are acceptable. To find out if it is, simply see what one ounce buys you afterwards.

I didnt buy enough percious metals

>>60623879
IQPajeet finally outs himself as a tranny. More news at 11.

My mining stocks continue to print money while you fags continue to suffer.
Enjoy your little gain, I wonder if you even beat the cost of the premiums.

GDXJ has doubled in a little over a year.
Many stocks have gone up multiples already like snowline.
What the fuck are you retards doing?

>>60623879
Pmg should really be moved to another board. It's clearly off topic, like stamp collecting.

>>60624731
Miners aren't allowed to be discussed on this thread.
Go to /cmmg/ to talk miners.

>>60624984
>>60624987
>>60624991
you are so bad at this.

>>60625002
At what?
Care to refute me? The market prices speak for themselves.

>>60624991
>allowed
You will hear me talk about my miner going 50% up and you'll like it, dumb bitch. I'm not flooding the thread so behave yourself too.

>>60625008
>You will hear me talk about my miner going 50% up and you'll like it
It's completely unrelated to the thread.
Why do you think /cmmg/ split off from /pmg/ in the first place?
Why do you think you people almost never mention miners?

>>60625008
>>60624991
Good boy

>>60624723
Same in the United states capital gains tax of up to 50% since it's considered a collectable

>>60625013
>Why do you think you people almost never mention miners?

It's because pmg newbs always chose the option that pays the most fees to coin merchants,,,,,,a result of hearing thousands of ads from coin merchants

>>60625036
Who cares about making money when the real reward is watching anti silver shills kvetching?

What’s the best way to sell physical silver?

>>60625072
Looks like iqelite was right his platinum miner stock is up 160% year to date what's silver up 30%. Lmao

the bulls are awakening

I just dumped my entire paycheck into silver.
Ended up buying a tube and a ten Oz bar.
Even with the premiums I plan to be in the green by the end of the week the way silver is rising!

>>60625077
you don't. those that buy physical will hold to the grave

>>60624537
Banks are trying to hammer it down

wtf did i miss last night
are cheapies gone forever

>>60623603
>Cheapies are over

>>60623630
Try moving to a non Zionist cucked state 0% tax on purchases or sales of pm. I only deal in cash anyways so the government can give me the sloppy top

>>60625179
Silver will be at most 500$ and that's in the bubble phase, don't kid yourself.

>>60625179
gold is freefalling, crypto is crashing

>>60625213
you don't understand what's coming

>>60625072
>Who cares about making money
This is the one thing fiat monkeys and crypto dorks don't understand. They don't deal in money, they deal in currency and the hypothetical value of it. And the bigger their numbers, the more inflation is apparent at exchanges and crypto off ramps. That translates to siphoning fiat off of the desperate and foolish into the hands of those at the top.
Those at the top know it can't go on forever. Their (inflation) tax cattle won't be able to afford to live anymore and will revolt. That's why crypto was created in the first place. To give false hope of making it when in reality it's no different than stocks, just at a more rapid pace. For every person who made it in crypto there's thousands or more who lost. Getting more eyes on crypto and less on tangible assets was their goal, and it worked for most people. But, you can fool all of the people some of the time, but you can't fool some of the people all of the time. That's why we're feared. We skip the line of rehypothecation of fiat currency and go straight to the source for real money: gold and silver.
When most of the people realize this its game over for the ones at the top, and we win. Real buying power back in the hands of the public.

>>60625192
You obviously never sold precious metal, it usually gets reported to police departments so they can investigate thefts, so there is a record, there's a reason smart and rich people don't buy precious metal

>>60625213
Silver won't top $100 in the next 20 years

>>60625246
>You obviously never sold precious metal, it usually gets reported to police departments
You don't even own PMs to sell, you don't own bitcoin, you don't own stocks.
You don't own a car, you don't own a house.

>>60625236
Based

>>60624198
Any idea how to tell the 1967 50% and 80% coins apart?

>>60625252
>Silver won't top $100 in the next 20 years
It'll at least be over $175/toz by then. Minimum.

>>60623685
>And sorry but gold and silver aren't legal tender. Literally no one uses it for the last 60 years
ESL so obvious

>>60624403
Nicely summarized, fren.

>>60624198
My understanding is there wasn't much demand or use of the half dollar. Most Canadians preferred to use quarters or dollars and typically the half dollar was the least minted coin of the denominations.

>>60625333
Your question would only relate to Dimes and quarters and unlike coins from the states you can't just look at the rim to see if there are two different colors. A sandwich of materials. We blended the metals so it still looks silver colored. Other than a scanner you could do a ping test or weigh them. I've also been told there's a formula for gravity tests.

Muh gold miners up 1% today muh bitcoin up $2000 today pmgs favorite platinum miner up 164% since iqelite recommended it. Gonna have some steaks to celebrate muh gains when i cool down from my 5 mile run

Unless I’m mistaken, it looks like SLV has decoupled completely from the spot price.

>>60625784
>>60625822

>>60625824
>SLV $34.91
>physical spot $38.43
Paper holders BTFO

>>60625840
idk what a slv is or does

>>60625861
>what a slv is or does
https://www.ishares.com/us/products/239855/ishares-silver-trust-fund
It's BlackRock's silver ETF

>>60625824
>>60625840
>>60625861
Each share of SLV represents a fraction of an ounce of silver—not a full ounce. Last time I looked into it it was 1 share of SLV equals .90 Oz of silver. It was never meant to be a mirror.

If you want to have it mirror spot price you'd have to buy physical :)

>>60625879
>represents a fraction of an ounce of silver—not a full ounce. Last time I looked into it it was 1 share of SLV equals .90 Oz of silver. It was never meant to be a mirror.
Ohh OK.
The more you know. Thanks.

>>60625861
>>60625824
>The Trust holds silver bullion, and is designed to reflect, at any given time, the price of silver owned by the Trust at that time, less the Trust's expenses and liabilities.
PSLV is the same but better. Also yes, its not supposed to be the same price, but it follow the performance.

>>60625879
To buy physical you pay more than spot so you pay for 1.1 or 1.4 ounces and only get one. Shit investment

>>60625913
Remember the time I told I bought 10 peace and Morgan dollars below spot and you didn't believe me?

Remember when I posted my receipts to show people do buy at or under spot?

Remember when you immediately stopped responding to me after I posted my receipts?

I do, so shut the fuck up you little puke.

>>60625878
sounds evil and jewish. futures are the way to go

>>60625937
>futures are the way to go
Uhhh no, physical 100%

>>60625830
Imagine wasting a thread on this

>>60623597
Gallium?

>>60623823
While simply yelling at him doesn't help,
it doesn't hurt to *prove* him wrong.

>>60625926
You have a vivid imagination fren

>>60625958
Lmao you chose the highest cost investment with the most punitive taxation. Peter Schiff approved!

Theres a reason that no one on pmg has made it in 10 years because you insist on buying physical and you can't recover from that mistake

>>60625958
hard to daytrade that and you have to find someone to buy them who will absolutely not offer spot price

>>60626005
>it doesn't hurt to *prove* him wrong
Exactly. It helps the new people ITT. For example:
>>60626012
>you chose the highest cost investment with the most punitive taxation
I have 11 pieces of 1toz silver I bought in 2022 for $29.29 each. If I sell them all at spot now locally at a coin shop, that's $105.71 USD profit, total of $427.09 cash.
Where's the tax on that? It's cash.

>>60626032
If physical baggies had used SLV calls they could be up 1000% this year. Lmao the price of being a luddite rock hoarder is generational poverty

>>60626032
>daytrade
Hahahahaha! Why? Just stack. EZ

>>60625532
how much did you pay for those morgans?

>>60626086
So commit tax evasion and ignore inflation and your bragging about $100?

Why even waste your time when you have so little capital?

>>60626111
>tax evasion
Yes. Fuck the IRS.
>when you have so little capital?
Prove you own more than $300 USD. Go.

>>60623675
Bullshit nice l nigger you down because the dollar has dropped even lower, what you're seeing is currency devaluation and no one is up twenty percent because it's twenty percent in nothing. Whoever sells first gets that price and then it goes down if others sell their digital nothing. The precious metals chads have their metals no matter the price. Lmfao at cuckcoiners acting like they made a profit when they haven't even cashed out, let alone the fact that you can't make a four dollar transaction without spending another fifteen to twenty quid to make the transaction go through Ahahahahahhahaha what a fucking math illiterate cultfag you cryptards are.

>>60623879
These are just aichatbots. Imagine coming to a thread of retards who like stacking shiny and shitting yourself silly because they aren't pumping your ponzi scheme digital nothing lmao

These are seriously just aibots, no one is that sad, no one is here all day and night to respond to a retard like me stacking retarded rocks at 3am in the morning.

>>60626132
You prove you have $300, you never do, but cmon less than $100 gain? And you commit tax evasion, why are you wasting your time, start a business and you could make $5000 in the time you wasted here

>>60626149
>when they haven't even cashed out
That's the big thing with crypto. These dorks are all "I have 1 bitcoin. 1 bitcoin = 1 bitcoin" and it's just a claim to USD. If it goes to zero, it might as well be an excel file with a password on it that needs a GPU to unlock.
Meanwhile if the value of silver drops, I can at least take it to a jeweler and have them make something out of it and give to a special lady.
Crypto has ruined relationships. The only relationships PMs ruined is when the didn't have enough.

>>60626186
And
Yet I've made 5X in 18 months and you made $0. Nice self own

>>60626191
>You prove you have $300
Done, more than $300. Your turn.

>>60624101
No my guy it's an ai chat bot that's trained on these responses.

>>60626205
Thats not proof of anything, you can't even prove you own $300?

>>60626206
I don't think it's totally unrealistic to think he's an actual guy who makes enough from these threads to make a living in a Peruvian slum

>>60626206
Once in a while we get a post of his brass coin and some 3rd rate food.
>>60626224
20toz silver is worth $766.80. More than your life is worth.
You won't post shit because you're not shit.

>>60623596
target is 6.5k plat on the bull run minimum but it is starting from an artificial low because palladium semi-replaced it which is unwinding and the manipulation to make the meterstick pp look smalled compared to fiat so maybe 25, 35k by a few years

uhh silver chuddies why is it freefalling

>>60626224
>you can't even prove you own $300?
Ok are you ready?
Prove you own:
A vehicle
An iPhone, because we all know only broke shitskins own Android
Real gold, not brass
A handgun. Because not owning a gun is for non-Americans.

Spoiler alert: you own none of these things.

>>60626356
You first

>>60626334
I asked for more cheapies

>>60626391
Already did in the pic, retard.

>>60625213
>500$

you are like little baby

>>60626399
He plays this game all the time. The only level of proof he's willing to accept is if you unironically dox yourself with your driver's license and address along with a receipt. Meanwhile he's never even posted a single screenshot of his portfolio, he just posts screenshots of charts.

>>60626415
Oh I know.
I screen capped my own post and his retarded response to post once in every future thread for the lulz.

>>60626415
bots don't have wealth to share. You're getting mad at an LLM not a person.

>>60626408
We will see. I dont intend to sell anyway, its my defensive position in case everything goes belly up. It might go to 500 or even 1000, I don't take it into account when I check my portfolio.

>>60626514
isn't it the king that was recently referenced?

>>60626514
>person
There's a person behind the LLM
>>60623264

>>60626415
Thats what proof is fren, posting a picture is meaningless, it's easy to understand why you accept everything the coin merchants say when you think an image is proof of anything. Anyway my results speak for themselves, bitcoin went up 150% after i recommended it, same with SBSW

Arkz

>>60626567
>posting a picture is meaningless
Nigger you got smoked by >>60626356
Youre just some 3rdie shitskin joker youre poor
you dont own shit

>>60626514
I seriously can't tell, sometimes there are sparks of human intelligence there, however faint. I think it's a jeet with an LLM that he tag teams with. But idk, you're probably right.

>>60626527
That steak is sold in the United States but the gold is Peruvian, did Tata consulting transfer him from Montevideo Uruguay?

My one oz gold coin is now worth more than my car

>>60626603
>gold is Peruvian
https://en.numista.com/catalogue/pieces324410.html
It's a $0.06 USD equivalent brass coin

>>60626611
>now worth more than my car
What car? My 2011 Tacoma has 181k miles on it but it's still worth ~$15k USD

>>60626636
no it isn't lol

>>60623553 (OP)
Hi, newbie stacker here.

What is the logic behind the idea that silver should be worth 13+ grand per oz? I know that the performance of the paper asset keeps the physical one down, but surely not 400x less than it should be?

Also, people here regularly mention the fact that global silver demand is greater than current added supply. But what exactly counts as "demand"? If we have the same ounce of silver traded between 10 different parties, wouldn't that add 10 oz to the stat even though there's only one ounce moving around? The argument is made as if silver, when used or purchased, is permanently consumed, not to mention that derivatives trading itself also accounts into this stat. Wouldn't it be better to exklusively look at the yearly industrial demand to get an idea for how much of an actual deficit -- if any, exists?

And what about RECYCLED silver? The stuff that is gained from products no longer in service, or collected as a biproduct of another chemical process? Roughly 800 million oz was mined in 2024, and apparently that doesn't include the 200 million or so oz recovered from recycling?

In short, I fear that the referenced demand is inflated, and that existing silver supplies are underestimated.

>>60626704
silver recycling is a meme
it's not economically viable in vast majority of situations

>>60626636
2003 Toyota CRV

>>60626704
https://www.jpost.com/business-and-innovation/precious-metals/article-824693#google_vignette

>>60626703
Ok fine, upwards of $14k now, but still.

>>60626716
Honda*

>>60626716
>2003 Toyota
Nice! My dad has an 06 Camry with 280k miles on it. He's going to drive it until it's dead.

>>60626703
You have to feel bad for these people bragging they own a 14 yearold vehicle. They need to start a business, Bob, who doesn't bet out of bed for less than $1000 tries to help them too he's a goid businessman milking government contracts etc.

>>60626731
>You have to feel bad for these people bragging they own a 14 yearold vehicle
You don't even own a vehicle hahahaha!

>>60626731
You don't own even $14,000. Dumbshit

>>60623976
best i can do
https://en.ucoin.net/coin/poland-2-zlote-2006/?tid=8546

>>60626726
I'm going to drive this thing into the ground. I don't know why they even still make new cars, there are plenty already. I even put a cheap tablet deck in it so it's "modern". Who cares

>>60626731
>Bob, who doesn't bet out of bed for less than $1000 tries to help them too he's a goid businessman
no I don't.

why would I try to help people who are doing just fine? I come here to discuss coins, metals and mining with people who are interested in that stuff.

>>60626764
>I don't know why they even still make new cars, there are plenty already
don't make me start posting cars fren

>>60626764
>I even put a cheap tablet deck in it so it's "modern"
Nice. I did put in a Bluetooth adapter for the convenience for music in mine. But these newer cars all have shitty head units where the UI is garbage and annoying.
When I have to get a "new" vehicle I'm going to break the warranty and flash in some custom stuff. Not exactly looking forward to dealing with that.

>>60626711
>silver recycling is a meme
Bullshit. almost 200 million ounces was recovered from recycling in 2024. Global demand that same year was ~1.2 billion oz. Being able to recover one sixth of your yearly demand (and just under a third of the industrial demand) is no joke.

>>60626784
Honestly I just got some chink shit that had Apple/Android Auto compatibility so once you plug in the shit UI goes away and it's hooked to your phone

>>60626822
>once you plug in the shit UI goes away and it's hooked to your phone
Noted. Thanks!

>>60626793
I would love to continue discussing why silver is a terrible investment with you; you make some amazing points! I just have one question though, what is your opinion on LLMs? I personally think they are incredibly stupid and will never amount to anything. Do you agree with me that all LLMs should be utterly destroyed and purged from reality?

>>60626793
I would love to continue discussing why silver is a terrible investment with you; you make some amazing points! I just have one question though, what is your opinion on LLMs? I personally think they are incredibly stupid and will never amount to anything. Do you agree with me that all LLMs should be utterly destroyed and purged from reality?

>>60626793
I would love to continue discussing why silver is a terrible investment with you; you make some amazing points! I just have one question though, what is your opinion on LLMs? I personally think they are incredibly stupid and will never amount to anything. Do you agree with me that all LLMs should be utterly destroyed and purged from reality?

>silver is a terrible investment
So why did I make such a profit from it?

>>60626851
>>60626855
>>60626863
are you a mossad agent?

>>60626193
Lol the aichatbots don't reply to your posts because it's too much truth.

>>60626527
has anyone bothered to check to see if these pics of his are AI gen'd?

>>60626995
If they are, they're the most convincing I've ever seen.

where do you guys keep your stack?

>>60627053
then like nailed up somewhere to just look like a normal piece of lumber? that's pretty smart

>>60623553 (OP)

>>60627053
In an ammo can in my closet. I like the moisture seal

>>60625164
what the FUCK happened this weekend?

>>60627086
>some non-American placement of $

>>60626995
>>60627035
>>60626527
they're not sending their best
>(1)(1)(1)

>>60627053
are those magnets?

I see the anti-silver shills are really out in full force now. Truly entertaining to watch. I think I’ll keep stacking.

>>60627131
years and years of /pol/ and them flocking to whenever consensus is strong, along with a whiney bitch posting style makes them easy to spot

>>60627123
So this guy buys steak as a celebration? Lmao. Poverty faggot confirmed.

>>60626408

>poverty faggot confirmed
real israelis/indians getting too expensive or what

>>60627141
he has never once purchased a steak that is within the top 10 cuts of steak

>>60627172
I should have said pretends to purchase. He used to post the most laughable poverty dinners, if you could even call them dinners, with such pride, like it was some feast to behold. I would make fun of him so hard for the absolute vomit dog food he would post. He doesn’t post his food pictures that much anymore. Shame, I used to get such a laugh from those. Anyway, best not to reply to him at all. Clearly makes him seethe the most.

fomod with 40 ounces again. How fucked am I?

>>60627240
Not permanently. Only fucked if you sell during a pullback.
I'm waiting for a pullback.

>>60627258
I’ve been waiting for a pullback as well. Why do you think there will be one and how low do you think it will dip?

>>60626851
>>60626855
>>60626863
I think you broke him

>>60626704
The numbers for supply include both supply and recycling.
The demand we look at is industrial demand from business reports, i.e. what buisnesses claim to buy and use for their own production, not the stock demand, or some coin merchants sell and buy list.

With the current deficit the reserves will be bone dry in 10 years.

>>60627096
are you me?

>>60627323
>Why do you think there will be one
There's usually profit taking. Usually.
>how low do you think it will dip?
Hard to say. I doubt close to $29 like we saw in March. Probably $33-36.
Source: my ass.

>>60627375
The silver glut grows every day by 1.3 million ounces. Thats why they spend $billions in advertising to shill it to naive and scared idiots

its so over... now it will be at least a decade until we see it again

>>60627480
Oof here we go
>The silver glut grows every day by 1.3 million ounces
Where did you even get this number from, epsteins client list?

>>60627460
I remember when it dipped to $29 in March and I was like let me wait until $27. Fucking idiot. But yeah 33-36 sounds like it might happen. Would love to slurp at those prices.

>>60627551
>let me wait until $27. Fucking idiot.
I played catch the knife and got my first and only kilo >>60623602 during that. Along with 2 more 10toz bars.
I want more 1/2 and 1/4toz bullion rounds, but I may have to settle for 10toz bars from now on. Or secondary market 1toz coins. There's good deals to be had on those.

>>60627495
He just makes shit up to get attention. He is a loser and literally a bastard who was rejected by his own father, hence his attention seeking like a girl with daddy issues. His whole pathetic life revolves around seeing (you) on his computer. Just ignore him and watch him seethe. Pass the message along to other anons trying to engage with him.

>>60627567
Nice! Good for you bro

>>60627575
You'll get a good deal in the future. We all will.

>>60627139
Beautiful stack but especially that reichsmark

>>60627587
WAGMI bros! Except for iqdelete.

>>60627495
Basic math fren work on it, read the tax code start a business, silver us a shit investment leading to nowhere,,,,,500 million annual glut /365

Nostackfags are lucky for this dip before we hit 40/oz. buy now before you look like a fool

dafuq happend today
Silver mooned and then i was just shot down TWICE
Every time were about to make it something goes wrong

>>60627660
Currently own 2 (1/oz) asahi, just placed an order for a 3rd one

>>60627606
gotta rep my country, they were easy to get here during the coof due to many boomers and idiots liquidating what their ancestors left them

>>60627676
every monday price dumps

Enjoying a nice day at a beach in Cape May. IQdelete roasting in his shithole favela hut. Life is good.

>>60627375
>The demand we look at is industrial demand from business reports, i.e. what buisnesses claim to buy and use for their own production
Which from what I could find online is at round 600 million ounces. Of which I presume almost all of it is newly mined or collected from recycling, and not existing metal trading hands between several entities.

>>60627632
>500 million annual glu
Maybe not that much. Take the 203 million ounces "Jewelry" entry in your picrel as an example. A lot of that demand could be in the form of newly made, overpriced stuff, and NOT older stuff. "Silverware" I imagine is overwhelmingly just existing metal trading hands. Perhaps a total annual glut of 400 million?

Either way, it would explain why silver hasn't increased in price for decades -- and actually LOST value when accounting for inflation -- whatever price appreciation silver would have had in an optimal supply-and-demand environment is eradicated by a continuous surplus.

Yet people want to sit here and pretend that a 1oz coin trading hands 1000 times means a net demand of 1000oz and therefor a need to mine 1000oz from the ground...

>>60627632
To be precise, I will assume your claim about silver "glut" means silver staying out of circulation.

>Jewelry and Silverware
Jewlery and Silverware gets remelted and recycled in a constant cycle.
It does not stop circulating after it has been put into jewlery, in fact it usually has a lifetime.
I assume a big part of the recycled number is specifically from jewlery and silverware.
Either that or it gets remelted into a bar and enters a reserve somewhere.
The only silver that normally does not get remelted, and therefore does not enter circulation are collectors items.

>Net Coin & Bar Demand and Net Hedging Demand
Again, after a bullion coin has been in circulation for some time it will be recycled and remelted into a new coin.
Numiastic coins enter the collectors market, and will not re-enter the silver market unless the value of silver exceeds the numiastic value of the coin.

The deficit will slowly drain from reserves, and unless the silver price rises people buying physical coins and bars will not sell. -> the reserves drain, as they have been doing for years.

The reserves have shrunk by 15% the last 3 years, so clearly more silver is being used, and less silver coins and bars are in circulation

>>60627728
I envy you. Hard to find swastika reichsmarks at anything less than 2x melt where I am if you can find them at all

>>60627789
that was back when I still splurged a bit on shinies, but they're basically trash metal here, mostly sold around spot.
The next 800ozt were ALL .675 shitcoins I mostly shot under spot when it was 20€-23€s
I didn't stack in quite a while.

>>60627789
behold the commemorative shitmark (Weimar-Flag whorecountry edition) nobody bought so now the silver shops sell them in bulk at -4%

>>60627771
Decided to look into the silver reserves thing. You seem to be right on that those will run out relatively soon.
>570,000 metric tonnes left in reserves = 18325500000 troy ounces
>assume annual mining rate of 800 million troy ounces
>18325500000 / 800,000,000 = ~22.9 years

So 23 years until we run out of our existing reserves. Assuming we don't find any more deposits. Maybe we'll find a bit more to add seven or so years to this?

>"The deficit will slowly drain from reserves"
But that would only happen at worst in ~23 years, no? Question is what price action would look like in the years leading up to that. I'm not sure I want to wait two decades years before seeing any major appreciation.

>>60627771
Holy shit you must be kidding me. Imagine writing out a whole thesis in response to iqdelete. Bro, he is a rage baiting troll. Do you know how many times he has posted that chart? How many times what your wrote has been explained to him. Yet he continues with his disingenuous nonsense. You keep engaging this troll which is what he wants. Stop replying to him you mongoloid!

>>60627835
I wasn't referring to those reserves, but that's something else that could impact the price.

The ones I were referring to were COMEX and LBMA vaults containing already melted silver.
LBMA is now down to 750M oz.
COMEX went got down to 200Moz before LBMA helped them out by transferring some silver over to them

>>60627771
The glut is what industry is not using, highlighted in yellow, its been fairly constant at 500 million ounces per year. All silver mined gets sold thats why its silly to say silver sold in ingots is a defeceit. That means the total surplus of silver(tens of billions of ounces) is growing. If the price of silver goes up, more will get mined, industry will use less, more will get recycled by industry and people dumping grannies silverwear and jewelry. Price increases are self correcting you can see that in silver or any other commodity

>>60627870
>That means the total surplus of silver(tens of billions of ounces) is growing.
That's where your assumption is wrong.
Silver and jewlery gets remelted into bars, bullion coins get remelted.
These enter reserves, and reserves sell to industry.

The whole equation is a deficit.

>>60627862
Reserves could mean what's in the ground, those numbers constantly increase, I.e. oil was expected to run out 25 years ago and now reserves are much much higher

Or what's in warehouses, stackers closets or jewelry boxes,,,,,,,,that's tens of billions of ounces

Comex and lmba is irrelevant

>>60627886
>Comex and lmba is irrelevant
Except they're not. Your whole argument is that there is some magical surpluss somewhere.
I've already mentioned how jewlery, silverware, coins and bars are in constant circulation.
This circulation flow enters COMEX and LBMA, yet these are also decreasing, just as we would expect with a deficit.

So then tell me where is this magical mountain of silver you claim exists somewhere?

>>60623806
oh that just shines like a beaut

>>60627886
oh shit I didn't realize we invented fracking for Silver
because we didn't you gigafaggot

>>60627877
>Silver and jewlery gets recycled

Some does, look at total recycling it's only 175, some of that comes from industrial recycling some from melting Todds Garbage and granny's jewelry, even if you assume 0 industrial recycling the surplus grows 325 million ounces per year

>>60624305
that's a nice stack. I like collecting 1oz buffalos and eagles in a card size hodler... helps to fit in the wallet properly

>>60627835
i hear a good bit comes through copper mining rather than direct silver mining

>>60627902
>This circulation flow enters COMEX and LBMA, yet these

No, those bars only exist to serve the needs of comex and the LMBA....the billion ounces of ASEs aren't in there , SLV silver isn't, the kilos in your closet aren't there, the billions of ounces of junk silver or silver that indians wear isn't in there.

>>60627919
yes so if 5% of a mines profit is silver even if the price doubles it wont necessarily make them want to expand production

>>60627919
80% is a byproduct of other mining

>>60627921
>No, those bars only exist to serve the needs of comex and the LMBA....the billion ounces of ASEs aren't in there , SLV silver isn't, the kilos in your closet aren't there, the billions of ounces of junk silver or silver that indians wear isn't in there.
You are again missing the point. So I will ask chatGPT to explain it to you like your 5 for me.
Here you go:

Imagine you have a bathtub. This bathtub is full of silver bars, and we all look at it to see how much water (silver) is left when demand goes up.

That bathtub is COMEX and LBMA — it's not all the silver in the world, but it's the bathtub that big players actually draw from to settle trades, make deliveries, and move large amounts of silver around.

Now imagine more water is leaving the bathtub than is coming in.

Even if there are other puddles of water in people’s houses (jewelry, coins, old forks in drawers), those aren’t helpful unless the water actually flows into the bathtub again. But guess what? The bathtub is still draining.

You’re saying, “There’s water in the world, don’t worry.”
But I’m saying, “Yes — but the main supply of ready-to-use water is getting lower, and that’s what matters for price and shortages.”

The fact that COMEX and LBMA did drop a lot (and are still way below 2021) proves that the system is running short. It doesn’t matter if grandma has silver spoons somewhere — they’re not helping unless she melts them down and puts them back into the trading system.

>>60627862
I see what you mean now. And looking at LBMA, silver holdings did indeed fall drastically, and have barely recovered. It's starting to increase a little, though, so maybe they'll be able to pull off increasing inventory before shit hits the fan?

Comex have done it. Silver inventory spiked recently, so based on that I'd like to think the same can be done for the LBMA vaults.
https://datatrack.trendforce.com/Chart/content/1545/comex-inventory-silver

But if not, and mining operations cannot fulfill demand quick enough (even if sufficient mining reserves exist)... then yeah shit's fucked.

I'm gonna head off for tonight. Thank you for taking the time to discuss this. Will personally continue to stack (albeit very moderately).

>>60627965
Yes, it all depends on whether industrial demand increases the next years or not.
Right now it's a very delicate balance.
I believe it will since silver is the best conducting metal on earth, and production will continue being stagnant (since silver is mostly a byproduct of copper mining).
Have a good night anon.

>>60627921
None of those people are selling unless price does something drastic. It already went from 18 to 38 in 5 years and they're just buying more.

>>60513956
Called it a fucking month ago.

>>60627945
Oh man you really got him now! This exact conversation surely hasn’t happened like a thousand times with this troll and another retard such as yourself. One of two things will happen now: a)he comes back with more nonsense muddying definitions, shifting goal posts, deflecting to something else etc or b)completely ignores you and comes back later posting that same exact chart saying the same exact things. Let’s see which one it is anon! I hope you’re as excited as I am.

Seriously guys stop fucking replying to him, Filter and ignore

>>60627945
>but it's the bathtub that big players actually draw from to settle trades, make deliveries, and move large amounts of silver around.


It proves nothing, maybe they have less demand, maybe they are more efficient, companies used to have high inventories of auto parts then they switched to "just in time" did people start screeching reee we are running out of auto parts?

How much of annual silver production goes thru LMBA, none?

>>60628021
Another retard taking the bait. It just never stops. Please see here:>>60628039 and also here:>>60628040

>>60628045
I will follow your advice, because he seems to just come up with new things I have to research for him each time.

>>60628034
what did we call?

>>60628045
That's all /pmg/ is now, people getting mad at an obvious troll who's probably being paid per (You) to be here

>>60628021
They are selling now they were selling at $10 , if prices go up they will sell even more. Maybe you don't live in the United states but i got this in the mail a few days ago they have these buying events whenever prices rise

>>60628045
>guys guys i saaaaid
Buy something and post pics or fuck off.

wiener tower

>>60628054
Good man. He is a rage bait troll, completely disingenuous. He lives on pmg farming you’s. Those of us who are frequently on here know him all too well, unfortunately. So we just try to tell anyone new to just ignore him. He just tries to frustrate people on here. I see it every day. Just ignore and watch him seethe instead as he doesn’t get any you’s or engagement.

Look at how mad they are that a few anons want to know the truth,,,,pmg is a cult and the cult leaders are screeching at people for discussing investments

>>60628054
Lmao, stop thinking, do what you are told

>>60628083
You fuck off dickhead. You want to engage some loser troll farming you’s go right ahead. Maybe you can try slamming your head against the wall next. Seems like that’s your style. I’m going to keep telling anons to stop interacting with him. Those who care to listen, anyway

>>60628082
Yeah dude, silverware wears out so you sell it and buy new silverware. You'd know if you came from a decent family. Consumers are still buying will beyond replacement rate.

Nice section 8 countertop btw.

>>60628045
YOU are taking the bait right here

Just bought another 100oz

>>60628108
Lmao, you said no one was selling i proved you wrong. Let go of your ego and you will stop falling for obvious scams

>>60628141
No you didn't

>>60628141
Pics?

>>60628149
Recycling isn't selling brown retard. You don't say pale are selling their cars because they take trade-ins. There is no net exit.

>>60628084
Very nice:)

>>60627870
Why do you keep posting that? It shows the last six/seven years are negative oz.

Ah, you're a retard and can't read. Checks out.

>>60628267
It shows a 5 billion glut over the last decade

>>60628282
You have a vivid imagination fren

>>60628180
Bought it online

>>60628155

Wait a sec, 40 posts by this ID? LOL

>>60628308
nice $10 gold piece

>>60628359
I have a 1914 and 1913 ms63 $10. Is it bad to post those (serial?) numbers online? I can post better pics in the next thread

>>60628368
it could get traced back to you possibly. would avoid if you'd be worried about that. just put some tape over it or something in the future.

Silver is down from 45 years ago and 15 years ago inflation adj.....baggies

>>60628368
Removing the serial # helps anonymity.
But then, who would know AND care - now or in the future - that this coin is yours?
Beside - if the photo ids good enough, the scratches and dings could ID the coin anyway. But someone would really have to have it in for you to work that angle.

IQPajeet

>>60628368
You are over thinking things. Post some better photos anon.

Do you guys literally store silver and gold in your rooms? What if silver goes bad? What will you do then?

>>60628540
I am new to metallica btw. I'm looking to make my first gold and silver buys. Do y'all suggest coins or bars?

>>60628537
Lol I've seen that on ebay. A bit out of my price range

>>60628537
that is a very impressive set fren

>>60628577
I saw that set on ebay about a year ago. It was $80000 CAD. Looks like someone bought it

>>60628540
>What if silver goes bad? What will you do then?
how is silver going to go bad?
silver doesn't really go bad. It might tarnish but that's not a big deal.

New episode on Liberty in Finance in 10 min

>>60628537
Dope:)

NEW THREAD

>>60628632
>>60628632
>>60628632
>>60628632
>>60628632

>>60628540
For Bullion (and the sorts of coins you'd be buying for the same prices as Bullion) tarnish won't effect the value.
If you really want to prevent tarnishing, store your Silver in sealed tubes/capsules, avoid putting your safe in places where there'd be lots of sulfur compounds in the air (like the kitchen or garage) and put some antitarnish strips in your safe to slow the process.
>>60628562
Coins are usually better since they have more anti-counterfeit features than bars and get favorable treatment from the tax codes in certain regions.
Bars are a bit cheaper than coins and come in larger sizes, so there's also that to consider.

Still not at bump limit

Is buying a gold/silver watch worth it?

>>60628084
Sometimes I want to fondle other men’s weiners