There has been a run on gold bullion

>And crypto will soon experience a boost the likes of which none of us have ever seen.
I'm actually bearish on crypto since it is artificially inflated and almost always has been.

What about palladium?

Well, if you feel that I am wrong, act accordingly. But it is so damn obvious! Connect the dots user.

Retard.

seekingalpha.com/article/10885-gold-and-silver-lessons-from-weimar-germany

Silver and gold bars don't rot, knucklehead. That's why they have been used as a store of value for literally millenia

Anyone know if there are mints in operation still at the moment

kek you (((guys))) should just stick to the asteroid mining LARP it carried much more weight

I was looking at prices and wages during the middle ages:
medieval.ucdavis.edu/120D/Money.html
So the daily wage of a thatcher in 1260 was 2 pence, that's 730 pence a year or about 36.5 ounces of silver.
Bear in mind though that they used the Tower pound which was LIGHTER than the Troy pound. And the penny was debased over time, by the time of Henry VIII only a third of a penny's weight was silver.
Of course there's probably more silver in the world today, but there's also more people.

It doesn't matter, do you get it? Because nobody brings the mined gold to the mints.

Hot take and a refreshing sound amongst self repeating boomers: shiny rock merchants are using the turmoil in the markets to pump their prices in a concerted manner. The gold bugs lap it up, as they have for decades.

Sorry link got changed to https, here's the correct one:
medieval.ucdavis.edu/120D/Money.html

kek, they are in complete denial about it too

I'm a fan of metals but certainly this is something youd do if you were a dealer, you have to be careful with these 'pumps'

In case you were directing this at me? I am not a shiny rock merchant.

The scarcity isn’t artificial... mines are closing down. The bullion dealers would love to be selling right now but physical metals are in high demand. They are selling with huge premiums anyway so there’s no reason to pretend like they are out of stock, they just are.

You're trying to sell calculus to a board that wouldn't even pass basic arithmetic, user. People here are so schizo and retarded they don't understand that the world is no longer in the early 1900s, it is a modernized world, and shiny rocks will have no value in such a scenario as what played out in Weimar. If people here were actually successful, they wouldn't be here.

you don't get it, do you? In times of uncertainty and retarded inflation, shiny rocks are the only thing with intrinsic value. Always has been, always will be. Not stonks, not shitcon, not fiat. When you buy shiny rocks in times of uncertainty, you're making a bet for when things turn to shit. In the worst of the worse case scenarios, if you lose that bet, you'll lose money for inflated prices, for sure, but you'll never lose more than about 30% of the money you spent. If you win it, however, only those with shiny rocks are gonna be rich. High floor, and a ceiling that can fluctuate between average and absurdly high. Is there a better bet?

Listen here you madmax fag. If society collapses, the elite would still use gold, even if they're barbarians, while the lower classes would trade with Ammo, tp, bottle caps, etc.

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Man, I'm shitting. Pull it physical and sustain the delay.
Not really. Preped and comfy for 1 week

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The reset might happen, but certainly not soon enough that you shouldn't wait until summer when things will be opened back up and people aren't panicbuying. You'll at the very least have a small window of opportunity before the virus makes its return in the fall to buy at a better price.

The best information in the world is on Yas Forums, lots of sifting and cross verification is required, but there are few other non pozzed sources anymore. The gutter and the pinnacle of the internet. I was successful before Yas Forums, became much more so with the information and experience gained while browsing, although I caution others since the learning curve for spotting trolls and learning board culture can be steep.

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Tier 1 asset, banks buy it up, that’s why I bought it before all of the PM shilling, I even told other biztards to buy it when it was $1400, everything lost value except gold in the last 6 months.

>If society collapses, the elite would still use gold
no, they would use young women instead...

No, the elite would just drive from their land. And if you want to eat you have to work. Like back in medieval times.

Food & water expire over time you fucking re-re.

Go to the mints, nigger.

Go to the mints. Just ordered coin for 1700. Will be here next week.

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I don’t know if you’re memeing but I truly believe this. Stay based friend. HH

>it is a modernized world
There has never been a moment in history where the world has not been "modernized". This is literally "it's current year" tier rhetoric.

protip: Young women like gold

This modern fad called logical thinking is overrated. Only 3000 years ago we didn't even have these training wheels dulling our intuition. The Greek philosophical golden age was a mistake.

Silver has way more upside potential, in the next few weeks silver is going to close the gsr gap big time. Silver is also at huge premiums. And is sold out around europe.

logical thinking leads to the conclusion that humans will not suddenly stop valuing the things they have valued for the entirety of their history because "modern"

The stagnant parrots will die and the schizo masterrace will repopulate the earth.
>go on, lazy-bones, interloper, sallow-face!--lest I tickle thee with my heel! What dost thou here between the towers? In the tower is the place for thee, thou shouldst be locked up; to one better than thyself thou blockest the way!

you guys do know 99% of bullion is stored in vaults right

retail bullion is insignificant compared to the real gold market

Theoretically, if the world were to turn to shit and food was in scarcity, I would not accept shiney rocks as payment for anything. They have no tangible value. They are as good as USD, and only have value as long as people believe it has value. Do you really think the faggots on the Walking Dead would accept gold and silver as payment? Nah dude they would laugh in your face for being a retarded jew.

exactly, when the niggers on the prowl, everyone will want bullets

Well the big vaults you mention are failing to deliver due to the virus. This is what caused the recent price increase due to panic

>the recent price increase
spot price hasn't change since last weak and actually dropped 3 days ago, retail bullion has 0% effect on the real market thats traded within the vaults (they don't move when traded, no delivery needed thats only for retail)

only premiums for retail went up because only retards buy retail bullion

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Young women are idiotic too.

i think it's the amateur morons that buy metals here.

Leave the metals to the big boys. It's past your bedtime.

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Premiums for retail went up because physical gold that you own and hold yourself is more valuable than physical gold someone else owns and holds themselves.

And in this Mad Max scenario the gold seller would pay a premium. Gold doesn't feed, quench thirst, or shelter. You would make a greater profit in base goods and a tiny supply (5%) of gold would be fine.

>The Fed can just keep printing USD no problem
>The US can keep borrowing and spending more and more even as GDP falls through the roof

You’re retarded

>Do you really think the faggots on the Walking Dead would accept gold and silver as payment?
When will you people learn that television isn't reality, and the fantasies of urban dwelling screenwriters have nothing to do with the way things really work.

lol? who the fuck buys metals here?

>Gold doesn't feed, quench thirst, or shelter.
So then why did the people of the past, who actually lived the Mad Max level of existence you base this scenario on, use gold as a means of exchange?
>You would make a greater profit in base goods and a tiny supply (5%) of gold would be fine.
and what will you exchange these base goods for in order to make a profit, more base goods?
How will you be transporting these hundreds of pounds of base goods to exchange for hundreds of pounds of other base goods?

wat

Thanks Jeff Bezos!

Jm bullion and jeweler suppliers cant get their shit together to ship me my shit, but for a small premium i got my hands on a stack topper and it only took a week!

45 ounces of silver pending between normally reputable suppliers at about 17.3 an ounce average.

HURRY THE FUCK UP SO I CAN GO INNAWOODS

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Oh fuck, it was just silver, now my local dealers in northern europe are fucking out of gold too. Fuck fuck fuck me fuck me

earlier this week mine said they'll call me back in a day or two. they didn't.

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I have hopes it's just a bit out of proportion because of the deliveries being postponed. Hedge with mining stocks I guess..

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