Crypto is dead take the precious metals pill
Precious metals will never 10x in a week. No. Go sleep on your metals. Do not want.
>imagine buying shiny rocks for thousands of dollars
The average small-cap junior silver miner goes 150x in a PM bull market, and this is going to be the greatest PM bull market in history, we might even expect 300x or 400x. Not sure if you were aware of this, Picture related is First Majestic during the 2001-2011 bull market.
Based and gold silver pilled.
Going to make it regardless frens.
>The average small-cap junior silver miner goes 150x in a PM bull market
no, if that was average there'd be no poor people.
Even when you got to the peak of the PM bull market in the 80s, only 5% of the average portfolio had PMs in them. Today only 0.5% of the average portfolio has PMs in it. The whole point of being a value-investor is seeing an obvious opportunity and getting in before others do. You don't make 150x unless you get in at the beginning, i. e. now.
It's literally the only asset not taking a giant shit right now. Do you know what hedging is?
only 5% of the average portfolio had PMs in them
in it.*
Do you know what rocks are?
statistically 2/3 of junior miners go bankrupt in 3 years so no, your "average" is pure fantasy
Your statistic is not relevant. In a PM bull market, juniors don't go bankrupt. The past ten years have been the longest and cruellest miner bear market in history, so they are an exception to the rule. Silver actually sunk below the cost of production. Again, not relevant any more. For example, Impact Silver had better Q2 earnings this year than Q2 2019, and that was despite being shut down for half the quarter; there's no way they can possibly fail at $30 silver, which we have had in Q3. Watch what happens to Impact when Q3 earnings come out in a couple of weeks. When metals are soaring, people buy anything which has the name "silver" in it. In the 80s, even clothing companies with "silver" in the name were going up at the peak of the frenzy. You could throw darts at silver stocks right now and be sure of making a fortune.
>In a PM bull market, juniors don't go bankrupt
of course they do
How do I get into it? Seriously i'm interested but i'm new to investing generally and only this year got my head around crypto. I'd rather be in precious metals but I don't know where to get started.
some of the largest mining companies in history have gone bankrupt in recent bull markets. It happens all the time.
all you need is too much debt or too many pensions or not enough proven reserves or too much taxes or aging capital equipment or environmental liability catching up.
happens every year. over and over like clockwork. They're just businesses. Businesses fail in good markets almost as fast as in bad.
If your property has millions of ounces of silver in the ground, and silver is at $50, $100, $200, $300, people are going to fund you or buy you out. That is unavoidable. You cannot go bankrupt. The only companies which might go bankrupt are drill-plays which turn up literally nothing, again and again and again; but even there, the never-ending hope of finding metal will often keep them from completely failing. And there is no need to gamble on drill plays when companies like Impact are already producing silver and have proven deposits of millions of ounces in the ground.
>You cannot go bankrupt.
you have to pay that funding back. If you fail you go bankrupt
the fact that people will fund you is the REASON miners go bankrupt just as fast as any business, even in bull markets. Easy credit means easy failure.
>>happens every year. over and over like clockwork.
Again, you are talking about the past ten years, not PM bull markets. Silver was never lower in all human history than during the past ten years. It sank below the actual cost of production, and most of the silver mines shut down. If the PM bull market thesis is correct, and silver is reverting to a 1:15 GSR, there isn't a silver company in the world which won't soar to levels we can hardly imagine.
>>How do I get into it? Seriously i'm interested but i'm new to investing generally and only this year got my head around crypto. I'd rather be in precious metals but I don't know where to get started.
There are three ways to invest in PMs:
1) Buy coins which you can physically hold in your own hand. One-ounce coins are best, so that you don't have to pay fractional premiums. Reputable dealers in the U. K. (where I'm from) are Atkinsons, Chards, and Bairds. Britannias are CGT-free.
2) Buy allocated or segregated bullion in a vault overseas. You can do this with GoldMoney, BullionVault, OneGold, GoldSwitzerland, or buying Eric Sprott's PHYS or PSLV on the stock market. Do _not_ by GLD or SLV. These are unallocated ponzi-schemes which don't have the metal which is said to back them. You are buying a claim on the bank in case of failure, not on the actual metal. They will pay you out in worthless paper once the whole system collapses.
3) Buy mining stocks, which offer enormous leverage to the price of the metal. The Vanguard indices for the gold or silver large caps or mid-tiers are: for gold, GDX and GDXJ; for silver, SIL and SILJ. You can also buy small-caps to take more risk for greater reward. The best silver ones are: Discovery Metals, Impact Silver, Bayhorse Silver, Fireweed Zinc, Canada Silver Cobalt Works, Tinka Resources, Silver One, Defiance Silver, Callinex Mines.
Lmao
Imagine being this utterly braindead
>Again, you are talking about the past ten years, not PM bull markets
what makes you think that?
just because you're 12 years old doesn't mean other people here are.
also there's no such thing as a "silver" mine. what are you, 10? we mine any metal we find, and it never comes in just one type. Go back to minecraft after you lose your ass on miners. That seems to be more your speed.
>>also there's no such thing as a "silver" mine. what are you, 10? we mine any metal we find
If your primary purpose for opening a mine is to mine silver, then, yes, that mine is very much a "silver mine." There are numerous silver projects which I can point you to which have simply been waiting for silver to go up before they could commence. Bear Creek Mining is an example. The project is close to construction, and it has 300 million ounces of silver in the ground; but it was barely economical at $17 silver, and so could not get financing. The fact that we now have $27-dollar silver is why Bear Creek is going up, along with all the other silver stocks. Silver is mingled with other base metals; that does not imply that you don't have "silver mines."
your understanding of geology is as bad as your understanding of business.
I don't mind you going broke on your "150X average" bullshit but stop trying to tell other people those lies
it's actually illegal in the US to do what you're doing. You need a license to hand out bullshit advice so we know who to sue when your stupid bullshit costs people money.
No substance in this post, so nothing for me to reply to. If you have any more arguments, feel free to bring them forward.
already brought them.
anyone that reads your posts should know your advice is worth what they paid for it.... nothing.
Thanks for the information user. I'm from the UK. I'm going to read up on everything. I've got to work today but i'll be getting into silver. I'm thinking 25 Britannia 1oz Silver Coins is a good starting point.
You're welcome. Unfortunately we have to pay a massive premium on silver in the U. K., because of VAT, so you may prefer to buy silver mining stocks, or PSLV on the stock market. Silver Britannias are selling for £40 = $53 on eBay right now, which is a ridiculous 89% premium. But you have to decide for yourself how valuable it is to hold silver in your own hand. I've heard that you can avoid paying VAT on celticgold.eu, but I don't know much about it.
Only bid argument against metals would be asteroid mining
metalniggers btfo
Silver small caps vs Bitcoin.
People will slowly realise that the bit-con lies are just that.... lies. Gold and silver will get dragged down in the coming crash. Nothing like crpto though. And they will rebound like crypto early 2017. 300 dollar silver 2021
How? Crypto Ponzi schemes do this all the time. Vey few people see how pm’s as a good opportunity and they usually buy in at the end.
shut up you stupid fucking butt raping faggot, i dont ever wanna see crypto slander in my fucking replies from the likes of some shit eating moon cricket like yourself. go buy your shitty aluminum coins and shove them up your massive anal cavern
Apple going to a $2 trillion market-cap is normal behaviour, but God forbid that Bayhorse Silver go 150x from a $20-million market cap to $3-billion once we have $15,000 gold and $500 silver. Because then there would be no poor people left.
junior mining stocks aren't obscure or unknown.
if they actually averaged 150X in bull markets literally every investor in the world would be buying them. The reality is some of them will 3X and some will lose 3X and a handful will 10X and if you're extremely lucky or buy all of them you might pick one that goes 100X. But most will go bankrupt. So the user is lying. The 'average' is probably less than zero. A very few will do extremely well, just like any stock picking exercise.
>Apple going to a $2 trillion market-cap is normal behaviour
nobody thinks that's normal
just like nobody believes junior miners going 150X is average.
Zig Forums when did you grow up of becoming rich fast schemes? Now I'm happy with a yearly free risk 5%