"...cash is not a very convenient store of value..." — Janet Yellen (Federal Reserve Chair), Q&A after speech March, 2015 "By your wisdom and your understanding you have made wealth for yourself, and have gathered gold and silver into your treasuries;" - Ezekiel 28:4 ESV
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PRICE OF GOLD / SILVER (against currency) goldprice.org/
This is the last shake out boys. GoldSilver ratio is goin over 100 for a little bit until it finally dumps. People WILL realize that silver is a monetary metal.
Joseph Thomas
Like in 2008 the initial industry selloff will make prices drop and then it will go up to unprecedented levels.
Anyways much of the dip right now is from people desperately selling PM's to plug more urgent holes in their wallet. After this is over it is endless price increase for several years ahead.
I dont deal with sales to non-corporate customers but I can tell you that certain banks have been hoarding bulk physical gold for a long time... It's almost as if...
Eli Edwards
At what levels will you guys buy in?
Adrian White
Fuck no. I'm saved by Grace through Faith, and I descend from Kreigsmarine sailors and Spartan warriors.
Jaxon Sanchez
$1200 an ounce ... this is a Deflationary Market.
Leo Torres
Fiat is utter garbage that constantly and deliberately loses value so I convert all my savings into gold and sell as required
What about silver? Spill the beans, I'm curious if it has any place in the new Paradigm.
Brody Adams
Inshalla brother, literally never selling for fiat Depends how strong your hands are.
Are you close to any merchants who deal in physical silver?
Jack Howard
Silver is unique in that demand currenrly outstrips production and supply. Prices will stay high provided that customers can continue to afford it. If they can't, prices will slump as production slows and investors pull out of mining operations, then climb again as restricted supply affects sellers. If the virus gets out of control and the world goes full STALKER, then silver is the vest medium of exchange as it is more easily exchangable for food/board/water/meds etc than a gold coin is, which you would probably trade for a rifle or similar value.
Carter Hill
So it's worthless, got it. We're not going full STALKER in our generation.
Buy PMs from the refineries to cut out the middleman's fees. Silver is in high deman as explained here As fiat currency tanks, expect the prixes to rise. Remember, the price of gold and silver does not change, the purchasing power of the fiat currency changes.
Asher Scott
Brainlet take. Silver has never been worthless to anyone except people stranded alone in the desert or ocean
Owen Mitchell
>buy gold/silver yesterday >its gone down
crap
Adrian Johnson
when will the miners moon so i can dump the stock and put it in crashed industrial stocks?
Jack Nelson
im cashpilled, sorry.
got 90k euros in the bank ready to catch the knife, niggaz.
Ian Butler
how much % gold, how much % silver are you going to buy
Jose Perez
So the hard sell we often get given by Schiff that 13 oz of silver will be a make it stack in the new paradigm is bunk?
Jonathan Reed
got cash should I buy PC parts and then scrap them in a week
Landon Garcia
none >ready to catch the knife
Oliver Gutierrez
>Buy PMs from the refineries
I never did this. Dont refineries only sell B2B?
Jack Garcia
why post in /pmg/ then retard
Isaiah Ramirez
It might be. I have pretty much exactly that. My hope is that there is a window where I can convert it to money and buy a house
Jack King
Nice to know there’s poorfags out there with even less silver than me kek
Your local one may vary but one of my locals sells direct to public.
Nolan Foster
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAaaaaaaaaaaaaaaAAAAAAAAAAAAAAAAAA Do I buy gold or silver right now? I just want something that won't turn into into worthless paper, I have other possessions but nothing traditionally valuable I can probably only get 1k or 2k worth, need the rest of my cash for now as thats what people are still trading with
Grayson Morgan
Buy silver if your current networth is under 500k USD. Silver is the trading currency of the middle class
Austin Morris
whoa dude you are a high roller, careful out there brotha.....
Leo Green
I was just about to buy a kilo block now but then realise how would I split it? I think I'm gonna buy coins instead
Jeremiah Roberts
My house is a cardboard box
Jace Flores
Would it be better to buy a lot of smaller weights or a large bar when considering economic collapse? The only types my local trader sells is 1ounce, 10 ounce and 1kg bars
Nathan Murphy
I know my stacks dinky, hence >even less Yeah,I’ve got my kilo bars for a couple of years down the track when things’ve settles into new paradigm or the gold-silver ratio gets tasty again Having said that I’ve got a few ASE’s on the way for bartering essentials during the immediate clusterfuck
Dylan Taylor
>The hell do you do? Buy now
Owen Russell
If you plan to spend during the collapse and selling to your neighbors, buy 1 oz coins or bars. If you’re planning on holding till new paradigm or good ratio against gold get big bars,because you pay less premium on em.
Asher Ross
Just had a phone call with the customer service at my lcs, guy on the phone told me they had 30k ounces of silver as a backorder in total, nothing left in the shop, told me orders are coming in by the second.
