f40261 No.9962 [View All]
701 posts and 534 image replies omitted. Click [Open Thread] to view. ____________________________
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10fc94 No.10709
>>10699
This is looney tunes!
Yabada, yabada, dat's all folks!
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35c8c6 No.10710
>>10708
Well done for making my point exactly? Bitcoin is the only asset you can find that starts at $0.00, so of course you can compare it to literally anything and get "Le 1 billion % gains!".
Except 1/3rd of all bitcoin holders bought within the last year, and are therefore underwater by 10-20%.
Again, you've literally played into the meme whilst trying to parody it, "All bitcoin holders bought exactly in 2009, and all silver holders bought in exactly 1980!"
Also, why are you here if you don't like precious metals and want to talk about bitcoin? This isn't the thread for you bub.
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f40261 No.10711
>>10709
I don't believe the Fed Reserve will allow the market to crash, but they will fire up the printers and just blow the bubble bigger, which is just kicking yet another can down the road. At some point either the whole system blows up, or the fiat goes Weimar, and yes, we are entering insane, looney toons territory.
Precious metals holders will be the only ones with lifeboats on the sinking fiat ship.
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35c8c6 No.10712
>>10711
I firmly believe fiat has been weimar for about a year now, practically every item at my local food shop has gone up over 100% in the last year, the govt just always makes sure that the official inflation metrics are based on the price of pickled norwegian salmon heads and artisanal hand-painted chopsticks.
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8e19e8 No.10713
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f40261 No.10714
>>10712
>I firmly believe fiat has been weimar for about a year now,
I think we are definitely at least on the bend of the curve where it begins to go up.
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f40261 No.10715
>>10713
>Not too bad
The irony.
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8e19e8 No.10716
>>10715
Not the nordic aliens, am I right? :)
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f40261 No.10717
>>10716
Correct. Couldn't have given a pm coin a better name/theme today.
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f40261 No.10718
Does anyone know what technique they use for making silver coins with gold accents? Is it a selective plating process like using a coating to mask off areas and then electroplating? Sort of like how Ukrainian Easter eggs are done using dye and wax masking.
I couldn't find any YT videos on the process, but perhaps I didn't use the correct search terms.
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35c8c6 No.10719
Holy shit these motherfuckers finally shipped my bar, I've been waiting for two god damn weeks.
When it gets here I'm going to immediately lick the entire thing from top to bottom, I need my colloidal AIDS
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f40261 No.10720
TLDR; LBMA almost certainly didn't count the silver they owed to India in their October vault totals. In other words, LBMA was likely caught lying yet again, about how much available silver they actually have.
>The dinosaurs at the LBMA finally published their monthly gold and silver vault stock totals for the month of October. The LBMA apparently thinks their monthly grand total report provides sufficient transparency to their operations as they say, "These figures provide an important insight into London's ability to underpin the physical OTC market." 🤣 Given the apparently complete draining of the LBMA's silver ocean in October, one has to wonder about the veracity of the LBMA reporting.
>That said, the West has roughly 17,598.32 metric tons vaulted at LBMA + COMEX not owned by ETFs. That's an increase of 869.17 tonnes over last month's report! At face value, that does *not* make sense. Even considering the ETF losses of ~702 tonnes, it stretches the boundaries of belief that the LBMA increased free float during a period of record high demand from India.
>Total global free float including China (SFE/SGE) is 19,094.174 metric tons (a decrease of just 41.589 tonnes). PSLV's silver vault stock is not directly available for settling COMEX or LBMA deliveries, so it is not included in free float totals - I include it because every 1,000 ozt that PSLV acquires is an LGD silver bar that is no longer available to the LBMA or global free float for trade settlement.
>In the month of October, the COMEX and SLV shed a massive amount of inventory back to the LBMA trying to refill their silver ocean. It is difficult to reconcile the LBMA free float purportedly growing by 2,386 tonnes while the COMEX+SLV/ETFs+SFE/SGE drained 3,120 tonnes. If we use some conservative estimates (90% of COMEX, 100% of ETFs and 70% of SFE/SGE) for silver withdrawals that went to London, that would come out to ~2,696.27 tonnes meaning only ~310 tonnes left the LBMA in October while India reported record demand (and they aren't the only ones buying LBMA silver).
>As a reminder, news reports indicated that India was on pace to acquire/import around 1,000 tonnes of silver in October. JPM reportedly told India that they would have to wait until November to receive silver they had purchased in the LBMA markets. The only way these numbers make any sense to me is if JPM indeed held off on those deliveries until after the LBMA compiled their end of October report (ie. the LBMA is reporting silver that is encumbered/owed to India). This would seem to be corroborated by the backwardation in Indian silver futures indicating high demand for immediate delivery physical silver.
>I frequently receive comments asking why I bother compiling this data. The comments commonly claim that the numbers are a fraud or they don't matter. Whether or not the numbers are completely accurate or not, they are the only public data we have and they *are* telling a story - revealing the rip currents of physical demand underneath the frothy paper market trading.
https://x.com/pmbug/status/1986887738541457628
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f40261 No.10721
Michael Oliver says $100-$200 dollar silver likely next couple of quarters.
https://x.com/jessebday/status/1986841078419628311
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f40261 No.10722
Frens doing the needful. Thank you gentlemen. You are men of wealth and taste.
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f40261 No.10723
Reminder, the US Strategic Stockpile of silver is conveniently stored in the COMEX, available for sale to China for the low price of only forty bucks and change per oz.
>CHINESE VAULTS DOWN TO ONLY 3 WEEKS GLOBAL #SILVER MINING OUTPUT.
>NOTHING LIKE THE THRILL OF HAVING NO BUFFER.
https://x.com/MakeGoldGreat/status/1986778793911210105
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64c734 No.10724
>/pmg/ is the only active thread on the entire board
Why?
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19c00a No.10725
>>10723
>declare silver a critical mineral
>sell strategic stockpile to the enemy
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df6100 No.10726
>>10724
this website is goofy, the whole site is dead outside the q retard trap
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1afcb0 No.10727
>>10026
Does anyone really think the government is going to stop taking the Social Security tax out of every paycheck just because the boomers are dead? You are in for a surprise.
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1afcb0 No.10728
>>10705
I don't understand what this means. There is currently no meaningful tie between the dollar and gold. The government could say gold is worth $1 an ounce or a trillion dollars an ounce and it makes no difference in the market because the dollar price of gold floats. Unless the government promises to redeem dollars for gold at a set rate, their pronouncements are irrelevant.
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8e19e8 No.10729
>>10728
>it makes no difference in the market
Would't it? Isn't the idea of the gold revaluation so they can just keep printing against that larger amount?
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64c734 No.10730
>Browse Ebay for junk Silver
>Notice a good deal on an Uncirculated 90% Kennedy half dollar
>Check the seller to see if they have any other coins listed at good prices
>Everything else is just low value US base metal coins, maybe with one listing for a Silver Dime or 40% half
>Notice the seller has less than 10 prior items sold
>Realize that this is probably a small coin collection that the seller inherited from a Boomer relative
I've had this happen multiple times and while I never pass up cheap Silver, it always feels weird putting a coin that was obviously someone's keepsake back in the day into a roll with a dozen coins identical to it. Someone's treasure becoming just another piece of Silver in my stack is still probably a better fate than being spent at face value.
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5e8507 No.10731
>>
>>10721
Very high silver price soon YouTubers tell me what I want to hear. Is it going to end up true? I sure hope so
>>10722
The needful indeed Saar bastard bitch spammer thread vs Brahmin thread
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10fc94 No.10732
>>10731
I can't even watch youtube links at all. Also my browser is banned on most sites at cuckflare layer, and youtube-dl type stuff no longer just werks and instead wants me to assemble separate audio/video streams locally via ffmpeg, but that's totally unpractical on my old 32-bit computer. Yeah, during the coof I split a video into 2 parts so it could be posted on imageboards, and this took about a week. So I'm not doing this video editing stuff anymore. If I was a rapper, my name would be LO-TEc.
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f40261 No.10733
The 8ch.net domain was just re-activated a few day ago.
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f40261 No.10734
>>10732
>If I was a rapper, my name would be LO-TEc.
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f40261 No.10735
YouTube embed. Click thumbnail to play.
>>10728
>The government could say gold is worth $1 an ounce or a trillion dollars an ounce and it makes no difference in the market because the dollar price of gold floats.
You are technically correct, however, under the Treasury rules, the government may arbitrarily revalue the US gov gold stockpile (presuming it existed) to any arbitrary amount.
The Treasury would then give the Federal Reserve certificates in the amount of the revalued gold, and the Federal Reserve would generate new cash in the equivalent amount of those certificates. For each $4000/oz in gold, the government's stockpile equals $1 trillion dollars, so revaluing gold to $16,000/oz would allow the government to get, free and clear, $4 trillion in newly created fiat. A $20k revaluation would be worth $5T.
It's just a one time accounting trick to allow the goverment to do a currency devaluation, and would only make sense in the event that the government could actually cut enough spending to eliminate the deficit, and then could use this money to pay off a large chunk of the outstanding debt.
Revaluing gold is essentially the equivalent to a structured devaluation of the US dollar. It wouldn't directly change the spot price of gold, but the increase in dollar supply would have the effect of making the dollar go down some amount relative to gold. There would be an overnight rip on inflation.
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9ff0ce No.10736
>>10714
were at “overbought” that’s all the talking heads were bitching about a few weeks ago
KEEP STACKING
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5e8507 No.10737
>>10735
My dude just posting insights and analysis gems. Based leaf
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8e19e8 No.10738
>86 x 68 mm
>143 g
Another one that I wish was silver.
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af150a No.10739
>>10730
If it's any consolation, I'm sure the owner would prefer what you do to literally using their silver to buy candy bars.
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1afcb0 No.10740
>>10729
They can keep printing anyway, as they have been for almost 100 years with no change in the official dollar evaluation.
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1afcb0 No.10741
>>10735
I have not noticed that the government's deficit spending and expansion of the money supply has been hindered in the slightest by the official price of gold. Why can they not just continue to do what they have been doing?
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508be5 No.10742
>>10704
>Vietnam is massively importing #Gold now that all restrictions have been lifted.
A bit sensationalized, yes the government has ended it's monopoly allowing other jewelers to increase their total imported amounts.
>all restrictions lifted
Not true, still lots of regulations around gold importing and a lot of things are still unclear so we haven't seen the premiums drop and many jewelers are still struggling to keep as much supply as they'd like.
>10% - 15% premiums on gold
I haven't seen 10% in a long time, I'm usually paying 15%. Of course their is a spread but the premium applies to purchases and sales (unlike what I've seen in the US).
Today:
Shop will buy @ 146,400,000 VND for 37.5g
Show will sell @ 148,400,000 VND for 37.5g
I sold USD at the bank Friday and got 26,140 VND Per USD
Buy: 5600.62/37.5 = ~149.35$ Per Gram
Sell: 5677.12/37.5 = ~151.39$ Per Gram
The government's stated goal with the change in regulations is to lower premiums across the country, but I expect they don't want to do this too fast, and would prefer to wait so spot comes to match existing prices as opposed to devaluing everyone's gold by 15%.
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64c734 No.10744
I'm thinking of going to a coin show in a couple weeks, but I'm not sure what I would buy there or if the prices would be any better than what I'd get at a coin shop.
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8e19e8 No.10745
>>10744
Stop at a lcs before going to the show so you know if prices are good or not.
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f40261 No.10746
>>10742
>Buy: 5600.62/37.5 = ~149.35$ Per Gram
>Sell: 5677.12/37.5 = ~151.39$ Per Gram
Thanks for the detailed reply. As ususal, the headlines gloss over the devil in the details.
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f40261 No.10747
I'd love to know from a technical aspect how the gold is applied to coins like this if anyone knows.
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f40261 No.10748
Someone on 4chan was slagging Jim on 4chan, and I want to point out that after Christchurch, there was a concerted institutional effort to deplatform and kill infinity. I don't know much about Jim and I don't most of the details that transpired, but I do know that he managed to keep the spark alive as best as he could against the panapoly of forces that wanted it cancelled.
Endeavors such as this are often hobby businesses at best, generally costing much more in time and energy than they pay. I am grateful to have a place free from arbitrary and capricious jannies who grind quality poster after poster down to the lowest common denominator.
Some of the best voices over the years on the /SETF/ threads were driven away in disgust by 4chan moderation policies. Long live infinity.
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f40261 No.10749
YouTube embed. Click thumbnail to play.
>>10700
The Big Short 2.0 Matt Bracken and Michael Ferris discuss Michael Burry and the fact we are on a sinking ship.
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f40261 No.10750
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37b100 No.10751
bout to slurp my first roll of eagles. Do i get the cull/damaged or go with the other. never really ordered off ebay before except for some reichsmarks
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f40261 No.10752
>>10751
I'm not an expert, but is the $45 savings on a thousand dollar purchase enought to matter? If you bought the undamaged ones, would you ever look back and think you had wished to save the $45? If you bought the cheap ones, would you ever think back and wish you had spent the extra $45?
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37b100 No.10753
>>10752
i guess my only concern is loss of trade in value if/when i sell and buy land/property without a jew mortgage. Would obv prefer the cheaper if i get same price
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f40261 No.10754
>>10753
There's a reason why they are selling for less. I have some damaged silver coins and I use them for making colloidal silver so it doesn't matter. I can't really give them away as gifts because it looks trashy and if I try and sell them there's a haircut.
If you end up with say 500oz worth and you have one tube of culls it probably won't matter.
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f40261 No.10755
YouTube embed. Click thumbnail to play.
Sign of the times. Leonarda Jonie (Comedienne) is doing a video series on why women are retarded, and at timestamp 14:41 she does a promotion for a book:
>A History of Central Banking, by Antelope Hill Publishing.
https://www.unz.com/book/stephen_mitford_goodson__a-history-of-central-banking/
Just wasn't expecting it from this source, but happy to see the truth leaking out into normieland. I can't wait until Leonarda starts advertising 90% at below spot.
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f40261 No.10756
My only question is, how do you wind it?
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5e8507 No.10757
Does anyone have take on CPM group? Would love to hear.
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f40261 No.10758
YouTube embed. Click thumbnail to play.
>>10757
>Does anyone have take on CPM group? Would love to hear.
I haven't see the reports, but I just finished watching the embeded video, and (timestamp 5:15) Jeff Christian is calling for $4500+ average for gold by year end, and $5000 average for the quarters in 2026.
He doesn't give extimates for silver (he lies and claims he doesn't know what is in the CPM reports) but using the 80:1 ratio, we can expect $60+ for silver.
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f40261 No.10760
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