Are you faggots stacking precious metals? Or is this place just for speculation?

This. I mean, everyone is playing in crypto, but no one is liquidating precious metals to put into crypto unless they're really looking to make as much money as they can before they see the global situation deteriorate (which won't occur at any point before September or October, regardless). So they'll surely put money back into PMs before any budget showdown or fed rate increase (which would be toward the end of the year). Summers are always volatile though, so who knows.

Truth brother. Guns, ammo, medicine, technical and medical manuals, batteries, petrol, clean water, and shoes are nearly impossible to get in times of crisis. I'm considering purchasing a small Honda generator, a bike charger, and some machining tools and equipment in the event of THE HAPPENING. I need to move the fuck out of the city first.

why not buy both, I spent some bitcoin to buy gold/silver and would have had more money if I just held onto all my coins
i like this idea
silver is even crazier, if i had to bug out I wouldn't be able to carry 10k worth very long, where gold it's easy to move 100k worth

i have 10k in metals and 5k in btc/altcoins

>why not buy both
because of the 2, precious metals have been used as money since humans developed societies.

>hur dur gold is to heavy
This fucking meme.
If carrying around gold is to heavy for you and this is your major problem in life you literally have nothing to worry about.

Don't think for a second you can hunker down if you live within a few dozen miles of a big city. It'll be the Walking Dead, I want to be behind fucking mountains when the day comes. Just always keep a full tank of gas in your car.

with physical markups
silver is good at 10-12(MAYBE12.50)$ an oz.

not to mention you'll probably be reselling to pawn stars unless your holding serious weight.

Have you ever gone for a hump? Every fucking ounce matters. Even the weight of a candy bar should be carefully considered when you put it in your ruck. Thats why I don't like the idea of gold as a bugout currency. I'd probably hoard it in a cache and move on, return to it later.

Yah but it would never be a zombie apocalypse because thats just stupid. I was thinking more like The Road or 28 Days Later. Some kind of major plague that decimates the human population and causes a breakdown in society. Then it'll be roving bandit gangs of murderers and rapists, refugee convoys, and renegade/rogue military.

You're talking to a doomsday-type, mate. I think silver will be worth 50-100 dollars or more an ounce should the SHTF, and I live in an area where I'll be able to use it to barter (and it's easier to barter with than gold because of the value:oz)... If you want to get out of fiat, and know what's coming, well... silver at 15, I can do that with a clear conscience. Don't think it's bad advice either, but then again, I think it's good advice to own three methods of water purification and a case of 100+ lighters.

I didn't mean the walking dead as in zombies, I meant that starving city folk who walk for days to find food in the suburbs will resemble zombies, and I won't want to be anywhere near them. As for a plague, well, maybe, but more realistically is a global currency reset where fiat enters hyperinflation and China and Russia position themselves to be the new reserve currency backed with all their gold. Being that China and Russia are run by jews who are trying to fake a showdown between east vs. west, I think it's clear that they want to destroy the diseased remains of western markets and make the east the new center of commerce. I'm going to position myself accordingly. Crypto might be involved, as well. We don't know who invented Bitcoin :^)

I have 6000g silver bullions. Bought with BTC.

with a gun to your face your password is public knowledge and your silver is free for the taking.

i would be interested to hear your contingencies for local tribal defense infrastructure & hierarchy ?

A kilo is 2.2 pounds. Christ, you're a neet pussy.

a full tank of gas wont help you

as soon as the exodus from the cities starts, the roads will become clogged. accidents etc will grind everything to a halt. then people will start abandoning vehicles. most will die within city limits. the remainder will die within bike/walk limits.

That's mid- to long-term planning which requires a lot more resource and time investment than any one person can provide. It would be a communal effort, but I believe the best organizing criterion would be by blood and familial ties. Six to twelve related or linked families, maybe two dozen armed adults, to provide labor, security, and care for the children. We'd need a base camp in an area with clean water and game for food.

This. Not to mention that tunnels, bridges, and highways will quickly become sites for ambuscades. Even the suburbs are a risky bet.

familial ties ?
lol have you never read Shakespeare?
en.wikipedia.org/wiki/Brother_against_brother

you're not ready.

We're not talking about politics or some gay moral grandstanding. It would be a question of literal survival. In those times, family would be the only institution left because it is the atom of society at large, already existing in nature.

kinda like cain and abel ?

I am going to probably buy some more at the end of the year. I think if the ECB gets off their QE plan then the prices might drop some more.

30% gold, 10% silver, 25% safe bet stocks, 5% gambling stocks, 20% btc, 5% shitcoins, rest in bank account/ cash for fast acces if needed.
based isn't it?

Someone explain something to me please. Why, when someone asks

>hey guys do you have gold and silver?

Do faggots immediately jump to

>THOSE WON'T FUCKING DO SHIT WHEN MY FUCKING MADFUCKINGWALKINGFUCKING28DAYSAFTERDEADMAX FUCKING FANTASY FINALLY COMES TRUE FUCKING FAGGOT YOU CAN'T EAT GOLD
>DID YOU KNOW THAT DID YOU KNOW THAT YOU CAN NOT EAT SOLID METAL I BET YOU DID NOT KNOW THAT YOU CAN NOT EAT SOLID METAL

We're talking about insurance against a recession or crash, and a hedge against inflation. They have nothing to do with your fantasy of being a post apocalypse Duke Nukem faggot and everyone should have guns, ammunition, and a supply of non-perishable food just as a matter of principle.

We're talking about insurance against a recession or crash, and a hedge against inflation

if that was so , why not just buy silver gold etfs, index puts, and index funds ?

where you have no security and storage issues, and get fair market price for your equities?

>if that was so , why not just buy silver gold etfs, index puts, and index funds ?

Because those are not the metal itself, they are currency. Paper contracts have about 20 times more metal on paper than they do in truth available for physical delivery, so instead, if everyone demanded delivery in a short enough time frame, you'd be paid in bank notes which are quickly depreciating in value in those circumstances.

>where you have no security and storage issues, and get fair market price for your equities?

No security issues? Your shit can get wiped out overnight. Most of the stock market is a Ponzi scheme, like social security, and is set to fail thanks to Central Banking fucking with the market.

Oh, by the way, citing cautionary tales by Shakespeare and desert Jews doesn't change the fact that familial ties are generally strong due to blood bonds. You're a know-nothing contrarian who contributes nothing but cringe.

I bought this 3 years ago

still waiting for the world to crash

forgot

this man has it right. reading the prospectus of ETFs would reveal that they are to MIMIC the underlying.

commodity etfs use derivative contracts of some sort. and futures have this crazy thing called liquidation orders only when SHTF. basically would freeze up all liquidity as no new issues could be made. it's meant to stabilize the markets. what will happen is the futures price will stagnate while the physical price would rollercoaster.

in a case of a short squeeze, futures might have silver at $80 while the physical market could be at $100.

stacking mooncoin get cucked poorfag

what site is that?

I got a few

33% gains overnight, lets get FUCKING LIT

I don't need any contingencies because I'll pretend to be a starving faggot like everyone else. My precious metals will all be safely buried somewhere riding out the collapse... I'm not planning on walking around with gold coins in my backpack to trade for loaves of bread, lol. That's what the lighters are for.

I bought $500 of silver back when it was $16,50 oz.

I want to get a little more and some platinum as platinum is seriously undervalued and WILL go to the moon in the not too distant future but with how much I have Im better off making some faster gains on other investments for now

>
No security issues? Your shit can get wiped out overnight. Most of the stock market is a Ponzi scheme, like social security, and is set to fail thanks to Central Banking fucking with the market.

We're talking about insurance against a recession or crash, and a hedge against inflation. They have nothing to do with your fantasy of being a post apocalypse Duke Nukem faggot and everyone should have guns, ammunition, and a supply of non-perishable food just as a matter of principle

ok man....

Why platinum? I was under the impression that it will only moon if a new industrial use is discovered for it.

>

just put it in a safety deposit box in a bank

How do I buy physical steel?

you can strip copper from for sale and under construction homes at night.

>illiquid

u r so dumb

gold volumes eclipse crypto volumes ya big dummy.

fug, meant silver

goddamn romanians! you gypo cunts are always talking about stealing copper.

Stacking metal IS speculation you pleb.

google "buy silver online"

It ain't hard.

I just did that. Turns out your mother is a whore.

No it isn't.

A non-diversified portfolio is speculative. Holding 2-5% gold acts as a great hedged against inflationary movements for the currencies in your portfolio and is not going to ruin you if it (somehow) drops to zero. However the upside is in the hedge and can help to protect your wealth which I would argue is completely rational based on the history of finance and the role gold has played in that history and continues to play today.

Ugh, metalfags are the worst.

How many goldbugs do you know of who are millionaires thanks to hording metal?

Case closed faggots.

Yes, it is.

Including speculative assets in your portfolio does not prevent them from being speculative. Metals generate no revenue. All they do is sit there while you hope that the value goes up.

lmgtfy.com/?q=gold as a percent of portfolio

metals have always been recommended to be as small portion. the general public has forgotten this and gone all in on real estate or stocks.

i don't think you understand what metals actually do in a portfolio.

No, I do understand. I'm not saying that you shouldn't have gold in your portfolio. What you don't seem to understand is that does not prevent it from being speculation. Precious metals are speculative by nature. Using them as a hedge in your portfolio does not change that.

Second guy wasn't me and I get your point about speculation however surely gold's history as a store of value comes into play as well. Gold standard was dropped completely in the 70's and it will be interesting to see what role gold plays now that we are at the end of a credit cycle and the macroeconomic markers are there for another systematic collapse.

I get your point about speculation though.

the SPX was 95 points in 1971. gold was 44/oz. actually 35/oz in the london interbank market.

current day spx 2400/95 = 25x return
current day gold 1250/44 = 28x return

simple math illustrates that gold outperformed by 12% since 1971. 1971 being key because gold was no longer price controlled by the US.

you can argue DRIPs but i will argue that gold would be almost impossible to tax for capital gains. a huge advantage. buy your oz in cash and keep it somewhere safe. how the fuck will the IRS find out you sold 10 years later at a profit.

i would argue that gold has kept up with inflation very well. i don't think there's much point in arguing with you because you've completely discounted gold as an investment. when nobody wants something, you ought to be looking at it. because that's the only time such a thing will be cheap. gold basically fulfills a similar role to bonds in balancing a portfolio.

He makes a good point about how gold itself generates no revenue and so your bond comparison is somewhat flawed.

i admit that. but remember capital gains tax. massive advantage. 28x return fully yours. instead of HALF. and i demonstrated gold outperformed by 12% with simple math. i'm pretty tired of hearing that gold has been beaten by the financial markets.

1971 is the true reference point because bretton woods was thrown out. people tend to pick random dates when the markets are in a massive bull run and gold is getting shit on.

but that's not how long term investing works. i'm convinced that the macroeconomic picture globally is dimming. for a number of factors. some controllable, others not. i will personally be buying up large amounts of metals soon.

this thread plays out pretty much how i imagine explaining this to my friends. there's no point. everybody knows gold is useless. you can't convince me to change my position and i can't convince you to change yours. digital ramblings lost in time. of no use and of no consequence.

your just a point on a statisticians graph.

try to be in the mean unless you have alpha.

Jesus, do you know how you apocalypsefags sound? Humanity is at its most prosperous, healthiest and most peaceful yet. Nothing even close to your disgusting fantasies is likely to happen decades/centuries after your miserable, paranoid lives end.

Fucking freaks.

> Fiat still needs to be backed by something when dealing with other countries
[citation needed], idiot.

if someone really has alpha, they wouldn't tell anyone. game theory is a bitch.

once again , you are just a point in a plot.

I don't have any yet, but I need to get some because my stats just passed a law saying gold and silver are currency here. I love my state

so are you. why do you insist on making the same point over and over. you're welcome to embrace your mediocrity. i on the other hand refuse to. it is the human condition to strive. if you cease to reach, you are no longer living.

don't "so are you" me.
you are but a variable in a vast number of variables, in a statistical model of investor dispositions.

me ? i am a genuine, official 1% outlier.
my accountable net worth climbs higher into the billions day by day. you are not permitted to the type of assets that i hodl in appreciation.