International gold industry worker popping in once again Ask your questions and I'll do my best FAQs >JPM has stacks like you wouldn't believe, for real >silver/gold price will not change - a toz of silver/gold is always worth a toz of silver/gold - however the USD dollar will certainly oscillate short term and depreciate long term >I can't give you (good) advice on the silver mine to buy stocks in >China was hording but since the fake 83 ton surfaced, no foregin gold has entered SGE for two months ahhahahahahahabaahahah get fucked chinks
Adrian Stewart
So do you guys buy gold/silver as an actual speculative investment or is it more just for a societal collapse and end-of-the-world larp prepping?
what do you mean by silver/gold prices won't change ? do you mean the prices we pay for physical or spot prices ? and in either case why won't it change ?
Josiah Collins
When the USD deflates and becomes worthless so will most roasties . If people aren't going to be accepting USD for payments because of how disinflated it is, they will fall back on GLD and SLV. Venezuela is a great example; their black market trades in:
Clean and used diapers (bottom) Clean and used diapers (face) SLV SLV derivatives War knuckles (40%)
When the USD is wiped out there won't be another reserve currency to fall back on so most economies will shift to SLV and wheat pennies for purchases until the government comes out with the Dollary Doo 2: Nu-male Boogaloo
Noah Rivera
284 oz silver 2 oz gold couple hundred in miners 0.01 BTC
feeling fairly comfy but I want to get some more miners and a bit more crypto
What I'm saying is that USD is not the benchmark for gold - gold is the benchmark for USD I'm saying the conventional thought on the gold price is backwards thinking - cart before the horse. Gold is gold, today or tomorrow - while today's dollars are always better than tomorrow's dollars.
Jordan Turner
>Venezuela is a great example; their black market trades in: >SLV >SLV derivatives
Government calls it an 'asset' because referring to it as anything else would acknowledge the fraud of the modern debt-based currency system
Nathan Carter
Is there any way to get into US mining shares as a foreign investor without the red tape?
Thomas Brooks
buy sovereigns from the britbong mint
Evan Cox
> silver/gold prices won't change
If it takes one silver dime to buy a mcdouble now, after muh currency collapse (that ain't gonna happen) you can buy a mcdouble with a silver dime
Samuel Hill
not the point - society has existed as long as man has had his own family i.e. the entire time. PMs hold value and have done for all of recorded history. Key term beung "hold value" - you can go to any point in recorded history and gold is always valueable - imagine taking today's USD back even 20 years and imagine how worthless they are - even worse, taking them forward 20 years - inflation will take its toll - gold much less.
Alexander Lewis
>Is there any point buying silver from the UK if I'm just gonna get fucked 20% for VAT in top of any premiums? sure just buy your local government coinage pretty sure theres no VAT charged on that get britannias
Kevin Kelly
Jusf getting this in early from the last thread, lots of demoralized people with today's crash so let's all break out in song and thank the Sun for shining its silver light down upon us for free
Paper metal it's ok Physical metal makes you gay I'm a winner and that's ok I will be here night and day Showing newbies the only way Paper metal makes you not gay Slv slv It's the only way to be
Amen thank you sweet babby jebus for loading me coffers with paper silver the only real silver
Isaac Hughes
but the nominal Gold/USD price will go up long term as a result, right ?
Ayden Rodriguez
>its possible to be this retarded now i see why people have you on filter
Luke Phillips
It will take more USD to trade the same amount of gold long term, yes. Have a look at the last 70 year USD/Au price chart.
Cooper Brooks
Yes and you get taxed on the phantom gains. Muahahaha the gubment always wins
Carson Harris
Miners with high divvies as a cash flow generating investment (DRD is my favorite for this) OTM options on junior miners (with as far out a date as you can get) as a speculation Physical bullion as an insurance policy Yes I George Gammon
Angel Wilson
The cost of human labor might come down in PM terms, due to desperation. So while the silver price of the ingredients of that McDouble would likely not change much (although possibly farm wages would decline somewhat), the wages earned by the workers at the McDonalds would likely fall during a currency reset, and there’s even a possibility of these savings being passed onto the consumer, if McDonald’s were forced to work hard to keep prices low since everyone will be practicing economy.
In a why this is the rather dark subtext behind this thread’s representative meme about *formerly* well-to-do housewives and their young daughters.
The prices of raw commodities and assets like like iron, lumber, land, and so on are unlikely to change much. These are objectively as valuable before as after a crisis. Human beings are on the other hand unfortunately not of the same value. Because of spreading desperation, their ability to negotiate on the market collapses.
Is not that an automatic posting? I have no idea why can one wake up, post this shit for 18 hours, sleep, wake up, post shit - for three days.
Michael Barnes
They need to ensure they tax you so that they don't fall apart.
Imagine the government is a really fat guy clinging to you to stop himself from drowning because you're keeping your head above water and his fat ass can't swim at all. Rich people are already out of the pool, poor people are already at the bottom. You now understand why the middle class has the most tax burden and is the class the government is most interested in growing. They want you to stay in the pool.
Cooper Phillips
Gold is going down now too
Camden Taylor
Lmao that reflection. Would never fall for the paper gold or silver trap. Lol falling for the trap of actually trusting these businesses to make good on their word should the country collapse. Hell no theyd run off with it.
Logan Long
The interest rate and some other kind of fucking stimuli.
Nolan Allen
1 whole bitcoin should be a good goal, I would probably secure that first before I would be worrying about miners.
