The fact that people treat silver as the go-to safe asset when banks are teetering is heavy with historical irony. Silver money was once the symbol of monetary irresponsibility. But even as individuals have taken recent crises as reasons to stock up on silver coins and medallions, authorities would do well to consider the arguments for phasing out their use as another “barbarous relic”, the moniker Keynes gave to chattel slavery.
Already, by far the largest amount of money exists and is transacted in paper form — as bank deposits and central bank reserves. But even a little physical silver can cause a lot of damage to the economic system.
The existence of rounds — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for rounds if a central bank moves rates into negative territory. The Swiss, Danish and Swedish central banks, in a demographic culture of collapse, have pushed rates lower than many thought possible; but most policymakers still believe in an “effective” lower band not far below zero.
Thanks, yeah I got it cheaper than any 1/10 Oz gold being sold by Australian bullion dealers. I also picked up a Jubilee head sovereign so I have one of every Victoria now.
Liam Stewart
how much you pay for your silver reichmark? sp sorry
I have opportunity to get one in ms60 for 25 CAD, but not sure if its worth that much. what say you based bee man?
Jackson Brooks
Only pre-1982 pennies and scrap only. Buy some indium or bismuth if you hate money.
Parker Richardson
There's beauty in chaos
Isaac Thomas
silvertowne mint makes the flags, but i've noticed them at all the big online dealers.
you should keep them in something... tubes are usually fine hell even those cheap plastic flips work this is Zig Forums fren.... also its getting late for those big gains
Carson Robinson
My stack plus 20 more oz silver not pictured and an 1817 gold 20 franc
Pretty boring night. Seems to me like we're going to crab along for the next few days, until maybe some sort of agreement on the next stimulus gets announced or something.
no need, imo unless you're collecting or want to. I used to buy in sets of 5 and put the best looking one in a plastic case. I'll do it if I don't have others or feel like it's a particularly nice round. I have no eye for it, it's just for personal enjoyment. I've been starting to throw mine into tubes if I'm buying less than 20 (like asahis) and again, i'll maybe put one or two into either a case if it's nice or leave it for desk silver if it looks like shit.
>silver reichmark can't advise. I'm one of the formerly lurking, macro generalists. Beekeeper hasn't presented himself.
>thoughts on physical rounds? overpriced? of/for copper? impractical and expensive, especially if you think about silver. People bitch that it's a pain in the ass itself. feel free to stack it, especially for pleasure. I personally stick to COPX. I don't have enough hours in the day to figure out copper.
Was talking with a friend about miners and he told me that that there was a company that faked their drill results and scammed a bunch of people. Anyone know what company he was talking about? Is this possible to happen again?
When did all these heroic and ludicrous stackers start showing up?
Thomas Murphy
Dunno the company, but shit like this can definitely happen. It's why you need to be looking at management FIRST before even the asset. As you get into the bull market scammers come along to try to make money. Investing in people usually yields great results, as great people are attracted to great projects.
Very good floor presence, 9 of 10. Love the 100 oz bars.
Anthony Nelson
They are overpriced, but if you enjoy the designs and the aspect of stacking, go for it. You can stack certain circulation coins, but that is more time consuming.
Brayden Cox
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
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."
I'm buying until spot + premium breaks $50. If we break $50, i'll have to be more choosy and might start diverting from miners.
Colton Williams
what's /biz's word on geek metals? Like platinum and palladium
Kevin Powell
2-3 months. There's too many weak handed momentum chasers and the price needs to find a launchpad before launching. don't get shaken out.
Elijah Campbell
Anyone else here stack XRP other than PM? I started accumulating XRP after following schizo threads for months & I think it's closely tied to PM. I have:
Why aren't you guys all harvesting gold in TVs? Serious question.it takes a while to grab some of the computer components or small straps of gold on TVS, but once you've got it you just put into a business burner
Harvest free gold & then spend money on silver
Andrew Mitchell
silver will still double at this point. so why not, i would only advice buying in stock as the next month or 2 should get pretty interesting
Ryan Mitchell
I feel like Sprott (not Rick) is such an investor slut every mining project is on his funding. How big of a signal do various mining personalities provide if they invest in X project?
Isaiah Davis
See i have 60% physical 10% cryptos And 30% cash emergency fund, im pretty hesitant to spend my emergency fund, but if the payroll tax cuts hit I might have to start stacking again
Lucas Scott
Like another user said, save your pre 1982 pennies, its cheap and its all profit, once the penny is demonitized you can melt each one for 1.7 cents roughly speaking (assuming copper spot stays the same of course, and a penny is worth 1.8 in copper but you may lose a slight bit of money since the refinery will have to refine it from 95%, but either way you still profit) and while it may not be silver or gold it is still a physical asset that your holding in your own hands, and if you believe in shtf barter and all that stuff copper pennies will probably be the smallest denomination that people will want to use, so theres that
Samuel Cook
Meme metal. It's for PM hipsters basically. You buy them to feel like a special boy, when you really should put your money into gold or silver.
