/pmg/ - Precious Metals General

Has the Bubble Popped?

===NEWS===
The first set of unconfirmed defaulted contracts are in - youtu.be/AGKYPVPwUk0
===NEWS===

>Bullion dealers
apmex.com
jmbullion.com
sdbullion.com
boldpreciousmetals.com
bgasc.com
providentmetals.com
moneymetals.com
monumentmetals.com
goldenstatemint.com
gainesvillecoins.com
silvertowne.com
goldsilver.com
pinehurstcoins.com
goldsilver.be
europeanmint.com
bullionbypost.com
silver-to-go.com


>Constitutional/"junk" silver info
jmbullion.com/ultimate-guide-to-90-silver-coins/
kevinsworkbench.com/junksilverguide/
coinflation.com
coinapps.com/

>Compare
findbullionprices.com/

>General News
kitco.com/
silverseek.com/
mining.com/

>Bullion tax info by state:
apmex.com/state-sales-tax-information

>Prospecting
Gold Panning Like a Pro
usgs.gov/energy-and-minerals/mineral-resources-program/science
gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-titles/mt-faqs/faq_fmc.pdf
mndm.gov.on.ca/en/mines-and-minerals/mining-act
amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X

>Test
Nitric Acid
youtu.be/3mg9YcAShTo
Magnets
youtu.be/NgSXg-WOEVY
Other
fakebullion.com/index.php/resources/fake-bullion-database
fakebullion.com/index.php/resources/identifying-fake-bullion

>YouTube/Podcasts
youtube.com/user/silverguru David Morgan
youtube.com/user/SprottGlobal
youtube.com/user/KitcoNews
youtube.com/user/GoldAndSilverClub1
youtube.com/user/whygoldandsilver
youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g
youtube.com/user/belangp

Additional /pmg/ resources and info-
pastebin.com/8HW6EdGt

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i just want 40 acres and a house to make babies all day

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Hard to believe these are equal value right now.

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Got another 40oz of silver on the way. Still a stacklet but have some paper silver and hold also.

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gold*

Is the gun made of a silver or are you just proud of it? It is a nice gun though for sure.

next bread, gold/silver bull run just beginning

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> smith and wesson
Solid Choice.

I just realized if they US creates a digital dollar, PM’s are royally fucked.

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Its Zig Forums, you must add your gun to every photo you take.

Went to my LCS today. They were sold out of damn near everything. I bought 2 tubes of silver eagles though. Their last 2. Cost 660 each. One 2004 and one 2018, both with APMEX stickers but open. $1320 out the door.

Did I do good?

I wanted to buy more but they had nothing.

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digital dollar = more fiat shit

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This image is the backbone of /pmg/. Without it, we will be lost.

>I just realized if they US creates a digital dollar, PM’s are royally fucked.
Why? I think that would make their price go into interstellar space.

>Has the Bubble Popped?

i hope so. give me some fucking %$1300 gold and $14 silver again. i'm gonna load up.

>thoughts of parting with hoard intensify

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what the tattoo trash nigger sign throwing white monkey trash garbage op image?

seriously. fuck this op image.

goodbye

How do you figure?

ECB Lane's speech will be processed by the markets where less people will be willing to go long knowing that ECB will be actively looking to drive Euro down in the future
> = Euro down = Dollar up = Gold / Silver down

U.S. markets will open Tuesday after labor day, for many institutions this is seen as the first day of Fall / Summer has officially ended; the bubble already popped - the sell-off will continue; there is no fiscal stimulus in sight until September 14th - 18th when Congress votes
>Margin call = Sell assets including PM = PM down
>Market selloff = Demand for dollar up = PM down

BTC down below $10,000 = demand for dollar up & demand for hedge assets down = PM down

However..
The fundamentals have not changed. COMEX is still being raided. The market saw what happened with PM after the March sell-off and will have wised up (we already saw on Friday $1900 & $26 defended)
The price can't be allowed to fall below $25 or then thousands & thousands of contracts would actually demand physical delivery

30 million unemployed, coronavirus cases rising in every country (with few exceptions) other than China; India & South America skyrocketing; major looming debt crisis..

This is going to be an interesting week.
Everything is telling me that PM should sell-off along with everything else this week; however.. there is intervention to not let it get too low (and then be bought all out)

Hopefully / probably just a crab week until the week of the 14th when Congress votes & Fed meets to 'officially' enact average inflation targeting

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>deposit small amount of pms into (((bank)))
>borrow against PMs for digital goy bux
>buy home for one ounce which is like 6 gorillion goy bux
>???
>profit

I just saw some others post their wheel guns so figured I'd toss it in there. see: Thanks. It's a 625 with a Wilson Combat trigger.

I meant the stock market bubble, but, yeah when the stocks crash we should be able to stack cheaper for a bit maybe.

This should give you a good idea of what has been stolen through the use of fiat money:
At Today's prices...
A Gold Sovereign (Face Value £1) is worth £341.93
£1 face in Predecimal Sterling Coins is worth £67.57
£1 face in 50% predecimal coins is worth £36.85

I'm tempted to sell all my paper PMs and mining stocks and wait for the big crash, but, I think instead I'll keep them and then keep some cash on the side for buying the crash.

if we see a big crash, how low do you think physical will drop down to? Just learned about massive silver rounds (5 oz, 10 oz, 1kg).

in case i need to make my point more clear for you user, id gladly give a merc for an 8 sec ride like that

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Fair enough, nothing wrong with a little gun inspo

based

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Over the past 6 weeks we saw premiums spike $5.00-6.00 even on horrible sell-off days; I think that it is going to be very difficult to pay less than $30/oz unless the price falls below $25, then it'll still be $29.00

Silver dealers that normally would wait T-0.5 are now waiting T-90 (half a day for delivery versus 90 days)
Premiums aren't going down anytime soon

Also at Today's Prices:
A Gold Dollar is worth $93.73
A Silver Dollar is worth $20.85
$1 Face of 90% junk is worth $19.24
$1 Face of 40% junk is worth $7.68

Yeah that's what I've thought, I've been hesitant to go balls deep since premiums are so bat shit insane even on Ebay.

How much would you guys pay for $38 dollars face value %80 cucknadian coins? it is worth approx $600 US in silver. Is it worth any premium at this time?

Have a bat boi in your shopping cart.

Nobody really knows imo. Historically, from me looking at charts, when the equities get rekt so do the PMs. It's like pension funds and shit selling, a bunch of people that have like 1-2% in gold or silver adds up.

Nice stack and security system! I have an H&K .45 USP Compact Tactical I use for concealed carry.

I also like rounds. Seems now the premiums for getting 20oz of rounds versus two 10oz bars is the same, so, I'd rather have some more rounds since I could sell in smaller chunks.

throw on a 10% markup and there you go.

can confirm

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My 2.5 ounces of gold are nearly as valuable as my several kilos of silver, crazy.

lead and steel are precious user.

Guise I am tired of losing my savings with crypto but the OP is pretty complicated. How do I precious metals? I only have 500 dollars left, is that enough to get started?

1oz of gold for every 100oz of silver. You can buy paper PMs also but when the stock market crashes that will likely crash too before mooning after, so don't sell them like a retard. For physical just find the cheapest rounds you can with the smallest premiums.

If the coins are Dollars they'll command a good premium. 5 cent coins do as well. I don't think Canadian Junk commands much of a premium right now, you could probably get a premium if you sold on Ebay, but you'd have to know what you're doing.