Thread 60967982

Stop being lazy and just bake, 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)
https://www.ma-shops.com/ (Numismatics)
https://www.goldeneaglecoin.com/ (US)
https://stoutgold.co/ (US)
https://www.aydincoins.com/ (US)
https://prospectorsgoldandgems.com/ (US)
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: >>60960626

I got rich buying silver

Stackless jeets can tongue my anus

>>60967982 (OP)
https://www.youtube.com/watch?v=kIJDS4XlyEw

central bankers tongue my anus

Why is my fiat becoming worthless so soon!? My stack isn't ready yet, I need more time!

If silver is so valuable, why can't y'all use it to buy the schizo meds you need lmaoo

>>60967982 (OP)
Thank you baker for our daily bread. May the jeets choke on it as well.

crypto nerds will seethe

>>60968002
Tongue my urethra

>Top badge completely unlabeled except for a "7" on the front for seemingly no reason
>Rifle bar says "sterling" but has a couple little arrows and a zero next to it
>No guides or anything online on how to identify all this shit
So I know it's a sharpshooter badge... that's about all. You'd think collectors would have some guides out there. I thought military autists cared about this stuff.
Bought it for 3 dollars last day of an estate sale.

>>60968027
>urethra french
hey joe :)

>>60967982 (OP)
Responding to this from last thread.

Dealers aren’t going to give a fuck about double commissions buying silver and selling for gold if there is a gold revaluation and big narrowing of the GSR. It will be the end game when that happens.

If gold gets revalued to $50,000/oz and a typical dealer probably has what? 50 ounces on hand minimum? You think he’s gonna give a shit about a few % spread?

Dealers would be going underground immediately.

Also, 99% of silver holders don’t know about the GSR? No way. Maybe people who own silver from heirlooms don’t know shit, but anyone who has picked up stacking in the last 15 years in this tiny market certainly knows about the GSR. And I’m sure even the people who sell for fiat might catch onto the fact that they can now buy a ton of gold after selling their silver for fiat.

>>60968072
>You think he’s gonna give a shit about a few % spread?
Is the dealer Jewish?

>>60968072
If and when this shift happens people aren’t going to be just selling and then going to Fuddruckers for a burger and just living life as it’s always been lived. There’s going to be a real sense of doom in the air much like 2008 when shit collapsed, except this will feel 10x worse.

>>60968045
A much better photo, finally got it to focus
What does that mean? Is it a fucked up 70? I'm no hallmark guy.

>>60968081
It won’t happen. Even if you could guarantee your safety it wouldn’t happen. But then add in the fact that dealer could get killed. No way. They are going to go underground and only come back when shit has stabilized.

>>60968082
>you will never get to trade in an ounce of silver, buy a house, and then go celebrate and enjoy a meal at Fuddruckers afterwards

>>60968085
sidways tiwaz on each end?

>>60968093
I was thinking something like that, I'm not really familiar with military symbols.
>>60968085
Last pic, the 7 on the bottom left stands out much more in person.
These are neat little pins, suspected to be issued around ww2 at some time. Surprised they're only 10 dollars online, or 3 dollars at estate sales.

>>60968072
>If gold gets revalued to $50,000/oz and a typical dealer probably has what?
Please explain to me by what mechanism the world wide market price of gold gets magically revalued overnight to $50k/oz?

The price of gold in the US Treasury NOW is $42.25. Does that mean you can buy gold for $42.25? If they "revalue" the gold on their books and create several trillions in new cash, that will definitely be inflationary.

Gold and silver dealers make their profit on the spread, and many of the bigger ones even hedge their physical by taking a short position equivalent to their inventory. If the price of gold goes up, they make on their physical and lose on their short. If the price goes DOWN, they lose on their physical and make it up on their short.

Their net profit on the price MOVEMENT of the gold is ZERO, because their profit is from the premium over spot, whatever that may be.

Consider a larger dealer that has 500,000 oz of gold. If the price moves down ONE DOLLAR, they lose half a million. By hedging with short positions, they eliminate their downside risk.

Small dealers may not do this type of hedging, but they have tiny inventories.

>>60968087
>It won’t happen. Even if you could guarantee your safety it wouldn’t happen. But then add in the fact that dealer could get killed. No way.
If the cities are burning and the financial system has crashed, there will be no wall street markets and the true ratio AND MARKET VALUE of gold and silver will be determined purely by the physical market, and will likely vary by region, allowing for geographic arbitrage.

We're talking mad max here correct? That's not the use case for doing a silver/gold ratio arbitrage. THREE times in the 20th century, the silver/gold ratio dropped down to 20:1. Once in the 21st century (2011) it dropped to 30:1. Two other times in the 21st century it dropped to below or near 40:1.

GSR swings aren't unusual and can reasonably be expected to happen in silver bull markets.

Leave the US Treasury revaluation out of this discussion because it's not related to the market price of gold, and there are only rumors of it happening, and it is in the same category as the trillion dollar coin they were talking about a few years ago.
https://en.wikipedia.org/wiki/Trillion-dollar_coin

I was so busy at work yesterday and so tired when I got home I didn't check the charts until just a few hours ago

>>60968195
pretty cool singularity huh?

>>60968148
>Small dealers may not do this type of hedging, but they have tiny inventories.
Yeah, pretty much this.
What a small dealer does
>Buy for 5% under spot
>Sell for 5% over spot
>Instantly 10% profit
>If the gold is 50,000 an ounce they make 5,000 every time they buy + sell
They literally just make more and more money the higher the price. Also a lot of times smaller stores have their stuff on margin because outright paying it off day-one is too expensive.
>>60968072
>Dealer will be going underground immediately
Lmao yeah, all businessmen flee and hide when they actually start making money. Dealers didn't disappear during the hunt bros. stuff, they actually massively expanded and hired new employees and bought new vehicles and expanded their networks because there was so much money to be made.

And I'd bet that a lot of dealers don't just have 50 ounces of gold lying around, I see the videos on youtube. They have those little cases of gold which often - in this market - are empty.

Guten Abend

>>60968232
Toll

>>60968206
>Dealers didn't disappear during the hunt bros. stuff.

Back then it wasn’t seemingly the end like it seemingly is now. Cities and even country towns weren’t full of 3rd world gang members back then like they are now.

> And I'd bet that a lot of dealers don't just have 50 ounces of gold lying around, I see the videos on youtube. They have those little cases of gold which often - in this market - are empty.

I’m talking more about personal stashes. I mean if you are a dealer you probably have a minimum of 50 ounces in your stash.

And if we go with your line of thinking and a dealer only has 5-15 ounces of gold for sale, well, then you just helped me make my point that there won’t be anywhere near enough supply for chuds to get their gold to silver swap ratio when it hits 10 to 1.

In a perfect world at a 10 to 1 ratio where everything is smooth. You can exchange a lot, dealers have plenty of gold supply. What the fuck you think you are going to get for silver if it’s $500/oz? You think you are going to get 2$ under spot? LMAO. You’d probably get $350 at best. Cuz those dealers know that that narrowing of the GSR will probably only last a week or two.

>>60968192
I’m not even talking max max. I’m talking shit is maybe similar to the chaos we saw during the beginning stages of Covid. Like WOW! Gold is 50k/oz. What’s happening? And you think dealers are just gonna pop into work in the morning like it’s any old day? Pure delusion.

>>60968291
I think we hit $50 silver and that price gets 'normalized' pretty quick with buyers and sellers

>>60968206
Dealer is gonna risk his fucking life just so some chud whos been holding silver for 14 years can get his gold for 10 ounces of silver lol.

If your goal is to transfer a lot of silver for gold. You should be exchanging a large portion of it in the 50 to 1 range. Then keep 20% or so for your magically 10 to 1 which will probably only be 30 to 1 at best since they are going to give you a lot less for spot if silver is the 300-500 range

Picked up $300 of Walkers. They're my favorite silver to actually stack. Last time I bought $10 face last year they were only $220!

>>60968291
>You'd probably get 350 at best
People were buying for over spot during the hunt brothers, and selling for spot. If silver is 500/oz because of a billion buyers out there you get spot or more because the dealers can't get enough silver to supply the demand.
>By 1979, as explained by The Silver Institute: “Investors ceased selling their old silver holdings and instead began adding to their holdings. This added further upward pressure to the price of silver…in reality, there was a tremendously broad-based rush to buy silver by investors worldwide at the time.”
As much as you hear stories about investors selling off and everyone selling everyone was also buying and the prices were so high BECAUSE there were so many buyers. There were so many buyers in the investing world that refineries just started loading up 50 gallon drums of junk silver, melting it down, and selling the bars to investors immediately.
>>60968340
>If I make up scenarios in my head + numbers you sound silly
True.

>>60968362
>started loading up 50 gallon drums of junk silver, melting it down, and selling the bars to investors
junkbros, we WILL be selling with numismatic premiums 50 years from now

>>60968362
>If silver is 500/oz because of a billion buyers out there you get spot or more because the dealers can't get enough silver to supply the demand.
This is actually the case. (((Miles Franklin))) was paying $12 dollars over spot for US Eagles (monster boxes or tubes) and was selling them for $18 over spot during silversqueeze in 2021.

In other words when the supply gets tight, premiums go way above spot and dealers will PAY above spot, or in other words, there is a bifurcation between spot and retail, as the spot market is no longer functioning to provide real price discovery.

Expect this to happen in the next raging bull market as well. Unlike during covid when it was funded by stimmie (greed) checks, this market will be driven by fear and flight to security as people look for somewhere safe to put their retirement funds.

>>60968387
>junkbros, we WILL be selling with numismatic premiums 50 years from now

>>60968362
If gold shoots to 20k and silver goes to 1k in a revaluation. There is NO FUCKING WAY you are getting anywhere near 1k/oz for silver. You’ll probably get like 600-700 dollars. And you better take that because there’s no guarantee the ratio doesn’t widen again very quickly.

>>60968362
>There were so many buyers in the investing world that refineries just started loading up 50 gallon drums of junk silver, melting it down, and selling the bars to investors immediately.
I've heard (YT videos) that the reason why junk is retail selling at or below spot right now is because the refiners are backlogged and already have too much inventory in the pipeline, so are offering well below spot for Junk silver.

It's not because of the kindness of the dealers hearts. The boomers are dumping (or dying and leaving to their heirs) all their sterling silver and collectables which are overloading the refiners.

>>60968416
>There is NO FUCKING WAY you are getting anywhere near 1k/oz for silver. You’ll probably get like 600-700 dollars.
Likely close to the truth. But in larger cities, there's more than one shop, so there will be some competition and extra profits to be made on volume by someone who is slightly less greedy than the other (((merchants))).

Give me your best pitch on why I should buy ANY precious metals.

I'm tired, so I may not reply, but I will be reading your messages.

>>60968431
they shiny

>>60968387
This literally happened already when Silicon Valley Bank shut down, for a brief period junk was unobtanium and had a higher premium than ASE's.
Not a joke. People specifically bought junk because of certain tax laws.

>>60968418
>Overloaded
At this current price, yeah. At the past price? No, when the price gets higher they start giving unlimited overtime and melting down shit they have no business normally melting down.
But that's an accurate description of today's junk market probably, refineries at the current price are making good but not great money. A great amount of selling off is being done of priceless antiques for below-spot.
Now obviously all of this profit-taking in the short term suppresses prices, but long-term they're just eliminating a lot of the current backlog of silver - so much of that stuff is never gonna be made again.
>>60968431
Silver's industrial demand grows 9-11% per year, but the supply hasn't grown in 10 years.
As it's mined as a byproduct of copper and other metals you can't realistically increase supply by mining, so if industrial demand keeps growing, or even stays the same, silver becomes gradually more rare.
>OK, but how hard can it be to open a mine?
It takes a decade minimum. They have to make a claim, do environmental surveys, make appeals to the government, get millions in funding, it takes literally a decade to open a mine.
With demand increasing but supply lagging behind by a decade (with no increase in supply in the past 10 years, either), you're talking about a massive deficit of silver in the coming years.
>Gold
Central banks are buying it up right now. That's a good enough reason right there.

>>60968431
Don't listen to anyone who says you'll make money from the metals. Every other productive asset class is a smarter choice. But when you ALREADY have lots of money, then getting gold and silver is a lot of fun. Shinies. Treasure chest. :D

>>60968354
Nice. Walking Liberty's always been my favorite for all time.

>>60968482
I got rich buying silver.

>>60968482
>>60968431
In many ways this is true, in many it isn't, it's not that simple.
Precious metals will outperform stocks and everything else 10 out of 30 years, on average. Stocks outperform on 20 of 30 years. If you're on the 20 stock years you earn huge amounts of money, if you're on the 10 precious metal years you earn huge.
Basically rich people use precious metals as insurance, when the stocks downturn their PM's go up. Once you start having money insurance becomes very important. When you don't have money, yeah, insurance is significantly less important. Statistically 2 out of 3 times stocks will be better, but if you're in the 1 out of 3 cycles where PM's outperform they do better.

We've all gotten rich buying silver.
We've already made it.

>>60968543
>Precious metals will outperform stocks and everything else 10 out of 30 years, on average.
Gold and silver have already outperfomed stocks this year.

>>60968561
Because I believe life is actually a form of MMORPG, I buy gold and silver mostly because imo it's a token that underlies other wealth and gives you a bonus to fiat. Lmao.

>>60968561
crazy to think about

I still can't grasp it

>>60968354
Just looking at my spreadsheets and $30FV of half dollars I own (about 21oz) is up $182 while the tubes of ASEs I own are only up $60.

The ASE premium is dumb as fuck. But I don't want any other bullion. Guess I'll just stick with junk because it's actually good.

Anyone know an interesting silver 50 mm coin? I mistakenly bought a case that was too big.

>>60968573
"It's a dangerous business, Anons, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to".

He doesn't miss

>>60968431
We're still early, silver hasn't even started yet. $AG might hit $50.

>>60968724
And I was just thinking about this, how Jeff Currie implied the ETFs like GLD and SLV use your capital to short the physical. lol

>>60968724
We’ll hit $50 within the next 30~45 days.