PHYS is up 12% not 10% and during the market turmoil phys traded up 3% over nav. People were paying a premium to get into a gold trust with real metal backing. Its that simple. They have a NAV tracker to tell you. Right now its a slight discount of 1.5%. Real metal price floats around a bit
Levi Rodriguez
I’m going to be part of the new go financial elite
Josiah Moore
That's because women are stupid whores that don't know what is good for them.
It's not that hard to understand. It's just that buying physical metal is fundamentally flawed, because the stock of physical metal just isn't about to be out there anymore. Production was at a four-year-old BEFORE the rona shut everything down. Now everybody and their mother is curtailing production. The biggest banks in the world have been playing games with physical silber and gold for scores of years. Silver is NOT PAPER METAL Gold is NOT PAPER METAL When the supply of metal goes up and the people who are CURRENTLY being brought up on RICO charges get outed to the public at large that they're fixing the bloody prices for personal gain, EVERY BIT OF SILVER AND GOLD WILL GO TO 0. EVERY SINGLE O N E.
Good luck. I hope you leverage your gains out now, because when the real squeeze starts to hit, it's going to be way too late to regret your decisions.
Gavin Martinez
What's my best move, to dollar cost average into these in fairly large positions for the next few years? Would this be like '08 where it went up until 2012 and then crashed...where maybe I have a few year window to make some money? Or is it more like a few weeks and this bubble pops?
Hunter Johnson
Given that silver has industrial uses that consume the bulk of silver production, coins and bars only make up 17% and jewelry a bit more, it would be impossible for silver to hit zero.
Jordan Scott
Is the gold fever over?
Alexander Campbell
Got my first ever today. Going to buy some more in person today
I dont know. I do know that HSBC is the custodian of GLD and possible multiple sub costodians. If the metal isnt there you are SOL. JPmorgan is the custodian of SLV and same sub custodian issue. They are up on RICO charges for price manipulation. Sprott has a NAV indicator on their website. Right now PHYS is -1.5%. Thats right, you can buy gold today for 1.5% below spot. Sprott only has one custodian. The royal canadian mint. The trustee owns the metal and has a fiduciary duty to trustee unit holders. >sprott.com/investment-strategies/physical-bullion-trusts/gold/net-asset-value-premium-discount/
Jose Roberts
You are paying more for less with those tiny etfs very inefficient, riskier and their metal alloca is a scheme. Dont forget that when they go to zero because the ingots were made of paper
Bentley Ortiz
WHERES PMG STOCK BRO AT???
I need some australian PM miner stock recommendations
Justin Howard
It's the faggot that shits up every thread. Just FYI. He'll have 50 comments by the end of this thread, just watch.
Daily reminder to hide anti-physical shill posts, report anti-physical shill posters, and advise newbies not to listen to the anti-physical boomer shill who spends 12-18 hours a day every day shitting up /pmg/ with his "everything is fine, business as usual will last forever" boomer takes.
Buyer beware on Shady Sprott see #3 below just because its 3 doesn't mean not important Just getting in early because this is so important so that I can repeat this from the last thread because of the urgency of speculation compounding FOMO/FUD
"GDXJ and SILJ will get delisted due to Force Majuere soon, and the people here who are foolishly buying options on them will lose everything as they should. This video will explain it all to you in detail but only if you watch it, in detail and with active learning
You should be doing either one or both or neither of two things,
1) Buying EFTs to hold in your possession i.e. your hands , paws or meathooks, if it's not in your hand at your job you will be canned. Simple as
2) Buying the GOLD and SLV stocks and EFTs on the stock market. This is important!
3) Shorting Sprott EFTs, ETFs and other so called funds of funds. Look into non shared warehouse speciation custodial lots risky scheme ICYMI
Chris Marcus interviewed over a hundred people in the anime futa industry for his book "The Big Silver Shorty Pants," and, when he would ask each one how many owners there are for each mercury dime, he never got an answer lower than 500."
LOL when does physical metal ever have a discount? PHYS is worse than a shitcoin.
Wyatt Richardson
Have this gold coin and the one with the bear from the same series. What is the price? Near spot or higher? I'm interested because I'm not from the USA or Canada.
Jace Jackson
If only you were good at picking up more SLV instead of paying 53% premiums people would respect your dumb opinions
Bentley Roberts
When its a closed trust that doesnt get arbitraged immediately. if someone tried to unload 1M units of PHYS it would trade at a slight discount as its a small fund and the market cant arb it that fast. For small fries its irrelevant
Ian Robinson
couple fake gold scandals a few years ago, no delivery on some very large silver orders. general fuckery. its been about 3 years but i wouldnt put it past them. i did buy 10 pslv today
Dont waste you money on guaranteed loser coins with 40% premiums. Boom you are now ahead of all the haters and losers
James Bailey
Good thing you can audit your holdings user. RCM is just the vaulting service
Benjamin Garcia
you start feeling like a dragon. must accumulate more hoard.
James Turner
Closed end funds are a scam , huge fees and they always are bad investments
Anthony Sullivan
Kikes are scared people are loading up on physical gold and silver.
Keep buying. Their posts only motivate me to stack more. No matter what you manipulate, 1 oz is still 1 oz.
Nathan Ramirez
I just ordered one of these from the US mint, does anyone here have one? I’m feeling pretty chuffed desu, can’t see how I could possibly be disappointed
1) He posts 40-50 times in each thread, flooding out anybody else's chance to speak.
2) He takes other people's posts and manipulates them. He scams people into losing their money. This post is a case in point.
He took this person's post: And he changed it to this.
He has done this before in at least 5 threads, e. g. here: Swapping SLV and GLD (which should not be bought) with SILJ and GDXJ (which should be bought).
Bentley Gray
This is Paper Metals General, who's baking for the Physical one
Angel Turner
As opposed to the GLD and SLV which can just issue shares willy nilly diluting share holders with no option to redeem. uh huh
Liam Campbell
maybe he's from australia
Henry Hughes
They are nice. About the size of a quarter. The best part is, it's 22K gold, not 24K, so you don't have to handle it like some ancient document that might crumble at any moment. Fund to handle....raw dog bareback.
Anthony Sanders
This is nothing new. We see it with link. Big players are dangerously under positioned and they are trying to shake out weak hands.
Adam Collins
DESU aren’t we just small fry? I know people here love the romantic idea that we’re rebels fighting the Fed and JP Morgan or something... but in reality aren’t 90% of those loading up on physical themselves big bankers and institutional investors? Seems we’re just hitching a ride up with them, really.
Nathan Watson
I fucking love this retarded schizo. He's the hero we need to keep the newfags away.
Jeremiah Hall
Dizard is a Jew. Never listen to Jews.
James Phillips
Only real men buy gold & silver. Everything else is credit.
That's why I hold 10% physical, 45% sprott, and 45% miners right now
Cry more when the IRS comes after you when you cash in $6 million (to buy a hamburger)
Jason Thompson
Not sure what it's at right now. I got it at 390 CAD about a week ago. Probs north of 410 atm. Would be cool to have the series. The 99999 quality is kind of a nice addition to the stack
Nicholas Walker
>Gold is the money of Kings >Silver is the money gentlemen >Debt is the currency of slaves
Ayden Lewis
This. Its important to have money in the (((system))) for when you want to buy a house with your gains
Elijah Butler
Haha it's chocolate. Was pretty stoked when I saw it but hey it beats a kick in the pants
Juan Jones
Just Put 500 more into miners, this is becoming an addiction
