>PLUMMETING to $28.30 That's it bros its over. I bought these stupid coins at $14 an ounce and I'm tired of waiting to break even. Going to sell them all and copy Berkshire Hathoway's portfolio now. G-guess I'm a Muppet for Buffet now...
I like calling it a default even though there are provisions. Paying out in fiat is probably even better for us than a legitimate default.
Jace Rogers
You really bought this BS? Eric Sprott is a grifter.
Aaron Bennett
look at usdx today, they pumped up the USD at 9:30 this morning and again this afternoon. Use it as an opportunity to buy more physical, USD will dump again tonight and Asia and London will pump up PMs again tonight. PM's will eventually crab up to over 30 and 2000
Nathan Cox
most positions never intend to take physical for any reason.
There are 100k+open positions for dec, I expect it will roll over to about 10K again unless something drastic happens. Even at a consistent 10k taking delivery that is pretty high historically.
I just dont buy that the world has to end for PM's to rise exponentially, it will be just like tech stock, most people will not even notice if they moon. No one cares if a small group of people gain immense purchasing power via PM's.
Oh man I'm just feeling so fearful, uncertain, and doubting. Genuinely thinking about selling my stack I don't have any pictures of.
It's enough to make me want to make a second post wherein I forget to switch IDs and call silver stackers a bunch of schizos and rant about boomer rocks but I'm not mad about this general. That's why I come here to concern troll all the time.
I'm NOT MAD.
...
FINE. DON'T BUY LINK. I DON'T EVEN CARE! FUCK YOU ALL!
It won't, everyone has just stopped laying out massive suppressing shorts and is letting price rise. Only thing that could make it default is another flash crash like March where "spot" is $12 but bullion sells for $30, leading to everyone with a few hundred grand and two brain cells to rub together to call for delivery because you'd have to be retarded not to see the arbitrage opportunity there. Even then they probably wouldn't default, there'd just be another big delivery month. You'd have to have 3-4 of those months, back to back, for it to really kill the COMEX.
Thomas Russell
Sexy gun
Adrian Nguyen
I wonder what future historians would think of this image if it was one of the only puzzle pieces they had to getting a picture of our civilization.
How long do they take to ship? Been waiting for 3 weeks still is in the minting queue and I'm an inpatient fuck
Leo Powell
What is really interesting is some time in the future archeologist are going to write countless papers on the data recovered from the archives people kept of Zig Forums. Now where it gets really interesting is they will take all the filenames and cross reference that with writing style and build models of each of us based upon each of us. Then some time later they are going to plug those models in to an AI and resurrect us all as shitposting bots so that future shit posters can interact with past shit posters.
Andrew Nelson
Sell them all and buy Tesla
Angel Cook
I've always wondered how will we overcome data rot in the coming Malthusian catastrophe. Maybe once we make it, /pmg/ should fund a transcription program where we take all the best of Zig Forums and carve it into stone, timestamps filenames and all. Then put it in the ground somewhere inconspicuous like Idaho.
have the archive laser engraved in a sapphire or some other incorruptible gemstone and place it in a hidden vault. All our shitposts preserved for some unlucky archeologist to work on.
Jason Evans
motherfuckers, their demoralizing tactics are getting quite old
Agree, Silver is at least crabbing upward slowly. I think it will continue to crab upwards as long as the Fed continues to print, the stock market is pretty much completely detached from reality and Main Street. We probably won't see 5$/$100 dollar swings but at this point I doubt we will see any serious downward movement of PM's. I personally have been betting on about a slow upward crab of about 10% monthly. I would wager that the days of 20$ silver and 1800$ish gold are gone for the distant future. Also think about the fact that we are pretty much using everything we pull out of the ground in industry, so in real terms there is a diminishing supply of investment grade bullion circulating every month.
