Posted in the last thread, but what are your thoughts on platinum? I read that it has uses in chemical synthesis and research, but mostly has value due to scarcity. Do you think this scarcity and science value will push the value up or will it stick with silver and gold. I got about 150 oz of silver and 1/2 and oz of gold, and I wanna buy platinum.
Elijah Sullivan
Assuming that's your photo, how much force did it take to bend it?
So are we a 26$ stable coin now? Why doesn't it moon? Should have just bought link instead.
Carson Cook
Australia has a huge problem with fake money. I think last year about 100 or 200 million of fake notes where found (in 1 YEAR!!!)... in the banking system (this is after deposit). Imagine how much isn't found circulating in the economy. Basically no one ever gets caught. I've also been through customs there before and the customs are constantly asking Chinese entering the country if they have more than $10k on them. A couple of times I've seen huge fresh as fuck wads pulled out... obviously funny money... chinks that have NEVER been to Oz before. Also many years ago there was a guy caught importing coin money by the shipping container load. It was so good there was no difference. There was ANY report that the authorities destroyed the money. I bet it was rolled up and distributed. I've seen chinks just off the plane buy houses for hundreds of thousands in crisp cash. Obviously it's funny money but everyone takes it. It's like Oz WANTS the fraud.
Ryan Campbell
I had that same pokemon thing. Burger King?
Parker Thompson
Take your meds Literally none of this is happening
Brandon Perry
Ok xhang
Joshua Lewis
Can’t believe I didn’t buy any link lol, thought it was a pnd
Colton Jones
who is the bagholder if someone finds out if the bill isn't real? whoever's holding it, i suppose
Logan Wright
15 bills per million are counterfeit total of about 30,000 fake bills Australia wide took 5 seconds on google
>but theire fake numbers hurr there's millions of them no there's not, if you seriously believe this it's time to adjust your meds
this is PMG not tinfoil hat general
Adrian Stewart
Scarcity is an important characteristic of money, but too much scarcity makes for the opposite.
Benjamin Hernandez
Just bought some Eagles on SD Bullion. Am I going to make it bros?
Which is more likely? There is only $1,500,000 of fake money in Australia of which 40% is 'really good' or the fact I've seen actual numbers which are far higher than this is true. Why would you even bother making 'really good' fake money of only $1,500,000? Here, have some rope.
Gabriel Wright
Who ever is holding it. Though, if a bank has it... they get covered in practice.
Juan Miller
How good of a play is platinum? I'm thinking of moving half of my silver over to platinum.
Dominic Barnes
You can do it with your bare hands.
Levi Perez
>I'm thinking of moving half of my silver over to platinum That would be extremely retarded fren.
/pmg/ has really turned into a fucking cuck fest of faggot central banker niggers shills.
Charles Walker
I appreciate the response. However, the least you could do is enlighten me as to why it's retarded.
Colton Johnson
Chainlink made most of its gains YTD, +550% if you were holding at the start of the year. It's not going up for any fundamental reasons, it's simply a meaningless bubble which people are buying because "it's the Zig Forums coin." It's purely something you gamble on. Mining stocks are guaranteed to make a 1700% return over the course of this bull market, at a bare minimum. Momentum-chasing idiots will buy Chainlink and possibly be the last buyer there is, losing everything, but people who buy PMs and mining stocks can be confident that success will come.
Evan Taylor
>People have become so normalized and stupid. >Silver is valuble because it protects from skinwalkers, werewolves and other cryptids. >Once dajooz collapse society your precious cities wont keep the beasts away. >The Jews know this. >Gold was left here by aliens who still watch over us to this day. >They needed it in the atmosphere in order to breath. >The Jews know this. >That's why these metals are valueble. >If you sell your gold to a human I feel bad for you. >Imagine thinking metals are a currency or 'store of value' >I will give my gold to the aliens once they come back, in exchange for a place in their craft and they will take me back to the home planet where we use exarepee, the one true currency.
Long term trend is neutral to bearish though short term is bullish. Also the cycle strength is strong. It's probably hit a low for the time being. Basically i'm not too sure if it's a good idea... but I don't think it's stupid. There is a platinumanon around somewhere I hope he sees your post to comment on.
Platinum prices are positively correlated with Auto sales. Do you see auto sales increasing within the next few years?
Adam Scott
The minute you convert your silver into plat you'll instantly lose another 20% to premiums, plat's premiums are a raping fest and range widely. Also it's very illiquid and it's speculative nature tend to make it surge in a bullish economy, but collapse when things are going south. Don't get fooled by the shitcoin bulltrap : we are in fucking hell economically, collapse is around the corner and that's when silver thrive. I expect plat to lose in value or stay flat at best.
Juan Myers
I can't wait for the day all of the linkies turn bright pink all over the catalog, meanwhile us miner investors shoot to the moon.
American GDP has shrunk around 38% since the start of the year based on .gov figures. Other calculations show an even greater drop in GDP. Still there is a lot of bullish news that everything is back to normal and truck sales are coming back like no tomorrow. But do trucks in USA need plat?
Brody Kelly
>China printing Aus money If it brings about the collapse of the central banking system then let's do it.
Levi Lewis
BHLL, gimme dat moon
Carson Long
No, they don't. But they do need silver.
Jose Wright
Most vehicles built in the US nowadays use Palladium or Rhodium. If you want an asset correlated with car sales why not buy stocks in the car manufacturers?
Connor Hernandez
>exarepee, the one true currency whose pee? loli piss?
>10 oz kooks wooooooo look at that And I thought getting those 5x5oz ATB's was silly >delivery tomorrow...
I believe it's palladium that is heavily linked to autos (in the EU especially)?? > Do you see auto sales increasing within the next few years? Yes. Money/debt is cheap, and people are now afraid of public transportation. Take out a loan to get a safe ride to work, and hell, the gov't is probably going to keep giving you money anyways, since they like being reelected.
I see some people claiming to have millions of dollars. If that's true, and they have any sense, they will cash it out now, thank God they were able to profit off a bubble rather than losing everything, and put every penny into physical gold and physical silver. I'd say the same to anybody who profited from any bubble, including e. g. Tesla. Nobody will be stupid enough to exchange gold for these bubble assets after the reset. They will only give long-term profit to people who exchange them for real money, now, in the short-term.
Aiden Hall
Never sell metal for other metal. Only silver into gold if the ratio is super tight.
Isaac Thompson
Having a bent ingot is just as good as having an assay card, you know it's real after just a quick look.
You seem knowledgeable and I'm a newfag to investing in miners but I have 10k invested. Where do you see the price of miners in the next 3 months and why?
John Campbell
My point is that the actual detected funny money in the system is huge. Figures put out are not incorrect, they are just not true. I have seen REAL figures... I can't remember exactly but in a year it was 100-200MM. Not all years where the same though. There are notes running in the system that are so good they are seen as good cash. I mean, in my eyes, the Australian gov largely turns a blind eye to it as it helps keep the economy going... the fraud actually helps run the economy. without that cash injection the economy would take a hit. And I know of cases where houses have been bought in cash... the BANK has accepted a briefcase of cash... even after all sorts of regulations and laws and blah blah that are meant to make it impossible for such a thing to happen and everyone in the room is looking at each other KNOWING it's all fake and gay but they want some of that sweet sweet money! This is nothing new though. Who knows how much fake and gay cash is out there.
And also the coins... even 5c coins can be had in China. They are like the real thing. You can't tell the difference.
Maybe this is just another form of outsourcing.
Samuel Ortiz
why are they happy at a gravesite?
Juan Bailey
honestly i don't remember that was a few years ago
Ryan Rodriguez
Is stacking silver stupid? The price seems to always be 15% over spot on the sites I checked out.
Julian Powell
I don't like cars. I think horses are much nicer. I was literally just asking about trucks in the USA because I have no idea about what they do there. Rhodium is out of control. I tried to buy some last year and it was impossible (I mean, I gave up after a couple of failed attempts).
David Edwards
Even without chinese counterfeiting our economy is a hollow log based on mining and the housing ponzi, half of all tax collected goes to funding the pension, and now the corona lockdowns are putting pressure on housing the government is scrambling like mad to boost demand rather than let the bubble pop, aka negative rates soon. Buy pms and buy them soon user, the reset is coming and it won't be pretty.
