Can I fuck your girlfriend OP? I got some mercury dimes.
Justin Price
Same question, new thread
I ordered about 60 oz of silver from Scottsdale Mint 30 days ago, and never got a shipping message. Today, my bank alerted me that the money I paid was credited back to my account. I can't get a human from the mint on the phone, so does this mean that they couldn't fulfill my order, and just returned my money?
Am I in the clear to spend that money on other silver (or platinum)?
Sorry to burst your bubble but gold/silver are NOT get rich quick schemes. You don't buy them to increase your wealth, you buy them to preserve the wealth you already have. Sure, they are undervalued at the moment and will appreciate in purchasing power over the next decade, but they aren't going to explode 100x in a year like crypto.
Here's a thought: The historical mean price for a house measured in gold is just under 300 oz. Maybe that'll go down to 100 oz or so when housing crashes, sure. If silver goes back down to say 40:1 ratio then 4000 oz silver for a house. These dumbfucks on /pmg/ telling people you can drop a few grand into metals today and buy a house with it later are absolutely deluded.
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What about the paper market suppressing gold and silvers real price?
Josiah Thompson
Yes.
David Davis
thoughts on the krakens? They’re first in a series , no info yet on how long series will be and I wonder what the other creatures will be Looks cool to me though and a week ago they could be had for under 40$
That is mostly a myth. The paper markets are mostly shorts because THAT'S HOW YOU HEDGE the physical metal or other effective-long gold/silver assets you already own.
This should be in the OP, debunks a lot of these types of misconceptions youtu.be/-TdplfYsyP4
Jaxson Sanchez
Scottsdales about 4-7 weeks out on shipping if you ordered today. When I ordered in late March I didn’t get my order until early may. When you call try the extension for sales they’re more likely to pick up. I’ve never heard of that happening before though .
Adam Howard
He won't answer you, because he doesn't want to engage with anyone shooting holes in his FUD attempt If you're going to FUD could you at least go full bore MUH ASTEROIDS MUH TUNGSTEN instead of this mealy mouthed bullshit? Historic gold prices weren't suppressed by a massive scheme of trading in nonexistent paper ounces, where there is one gold ounce for every 88 shit tickets.
It's not a myth that the gold/silver price is heavily suppressed due to paper trading. This isn't a value judgment of malicious intentions, just the reality of the economy that has developed in the last 50 years. A collapse in the paper gold market is certainly no guarantee, and would have catastrophic effects to the global economy, but if it did happen (which it can) then you would see a large increase in the value placed on physical gold.
We're on the same page actually, totally agreed that gold/silver is massively undervalued. 10x in NOMINAL value within 5-10 years is pretty much expected with all the inflation that will come.
But you must separate the concepts of nominal USD value and actual purchasing power. If gold goes 10x, that's because the dollar has massively devalued too. Again I do agree that your purchasing power will go up with metals because we're on the precipice of that long macro cycle turning the other way. But if you can buy an average house with 200 oz gold today, don't expect to be able to buy one later at 20 oz, not fucking happening. Like I said, 100 oz is more reasonable, and that's if you time everything perfectly
Similar story, ordered a tube of bat coins from Monument metals 30 days ago. USPS (((lost))) the package but the owner of the company Jonathan was in contact with me the entire time and I just got my refund.
I just don't like the metric of oz/'mean house'. What exactly, is the average American home? Does 200oz today get me condo in midtown Manhattan? How much land in Jacksonville FL can it buy me? Its not like we ever really fixed the housing bubble in 2008.
Carter Morris
redpill me on goldbacks /pmg/ are they worth owning a set? or are premiums ridiculous on them?
Jonathan Walker
Premiums are insane on them.
Ryan Cox
The premiums are ridiculous, and as they do contain physical gold, they deteriorate over time if handled like normal cash. Since they're supposed to let you spend amounts of gold so small they'd be impractical as coins, that's a problem.
However, I really do like their western Victorian aesthetic, and I like the idea of voluntary local currencies (though I'm not sure how that works with Gresham's law forcing them out of circulation when you can also spend USD). Maybe just pick up one of each for the fun of it. Unless you live in Utah.
Is this the beginning of indeflation? Pic taken in LA today, shit used to be 5 for a dollar. How long will PM even take to adjust to inflation or was maintaining your purchasing power just a meme.
The fed will try to prevent deflation at any cost, even if it means causing hyperinflation and picking up the pieces after the fact. A lot of people in these threads have agreed with the sentiment that short term we will see deflation. If you look at the stats Americans are saving at record rates, while spending is obviously extremely depressed because of lockdowns. I wouldn't be surprised if the price of PMs drops this year significantly, but over the next few years I think we are gonna see some serious shit once all the circulating currency dumped on Americans actually starts circulating again.
It may end up being more complicated, since we are experiencing food shortages which will obviously drive prices up, while other types of discretionary spending fall in price. Regardless, you would do well to hold a significant portion of your net worth in precious metals.
