Treasure chest Edition >Why precious metals? https://youtu.be/i3S4rl6ehiI https://youtu.be/gksenA5Al_A https://youtu.be/FI7NnOg2rxo >Huge deficits in minerals such as silver by 2050 inevitable https://youtu.be/iibsrDXdEos >Bullion dealers https://libertycoin.com (US) https://www.chards.co.uk (EU/UK) https://www.silburycoins.co.uk (Ancient) https://www.luciteria.com (Other rare metals) more at:https://pastebin.com/gZfZHtNE >Numismatic search https://www.ma-shops.com https://en.numista.com/catalogue https://www.ngccoin.com/price-guide/world >News and graphs https://numismag.com/en/home-en https://silverseek.com https://www.silverdoctors.com https://www.mining.com https://silverbacksnakes.io/finance/silver https://www.gold.org/goldhub/data/gold-reserves-by-country https://wtfhappenedin1971.com >Compare https://findbullionprices.com (US) https://eu.compare.pm (EU) https://www.gold.de/aufgeldtabelle (DE/EU) >Resources https://www.jmbullion.com/ultimate-guide-to-90-silver-coins https://kevinsworkbench.com/junksilverguide https://www.coinflation.com http://coinapps.com https://erikasgrig.com/calculators/rpi-calculator-inflation https://learn.apmex.com/buying-guide/buying-in-the-usa https://pastebin.com/5aLmWUUK >Prospecting https://youtu.be/ZCL6FKQZyoM https://www.usgs.gov/programs/mineral-resources-program/science https://www.mndm.gov.on.ca/en/news/mines-and-minerals https://www.amazon.ca/Gold-Creeks-Ghostowns-British-Columbia/dp/088839988X >Nitric acid, magnets, and ping test https://youtu.be/3mg9YcAShTo https://youtu.be/NgSXg-WOEVY https://youtu.be/2ymGAyKAg-k https://www.fakebullion.com/index.php/resources/fake-bullion-database
Daily reminder that pmg stacktards are broke depressed incel losers so lazy they they give up on life , buy 3 ounces of silver and pray for end of the world where they claim they will get a free virgin and mcmansion
This stacktard got rich buying gold and silver
>>60268441Bother, by the time I was 30, I had already lost more homes, wives, families, and businesses than a demoralizing fağot the likes of (you) could only hope to.
Yay! The asian markets opened and looks like there might be a dip this week. As of this writing: Gold is down -$14.70 & Silver is down -$0.17I'm buying 10 Asahi Buffalo rounds this Friday, to finish a tube.
>>60268407Thx for the bake SS
ITS A TOTAL FREAKSHOW IM LAUGHING I SHOULDNT BE LAUGHING BUT IM LAUGHING
assuming there aren't restrikes of these?
>>60268478Everybody on /smg/ is mumumaxxing rn, expecting a deep green monday, thus it's 99% certain it will be a total bloodbath tomorrow.
Found my old phone, going thru some old photos kek
>>60268544
>>60268468Lmao way to miss the point crybaby quit making excuses
Good advice, I found a place where you can buy Bitcoins for about $37 each, what a great deal. These bitcoins are 31.1 grams and are 99.9% Ag. so these Bitcoins you can hold in you hand and don't need a digital exchange or crypto wallet. what a great life hack to get wealthy buy getting 1oz Bitcoins.
60268560Who could guess youve been a mentally ill loser for a long long time
maybe i should switch to austrian gold for a bit
>>60268407I'm researching the history of money, banking, trading, bartering, etc... How it started, and how it has developed over time from the beginning of history to the present day. Are there any books that /pmg/ would recommend? Hell, even the shills, give me your jewiest book, I'm trying to put together a comprehensive reading list.
>>60268720My current list from mining reddit:>The Ascent of Money - Niall Ferguson>The House of Rothschild - Niall Ferguson>Money: The True Story of a Made up Thing - Jacob Goldstein>A History of Gold and Money - Pierre Vilar>Lord's of Finance>House of Morgan>This Time It's Different>Lombard Street - Walter Bagehot>Money and Power - Goldman>Growth of the International Economy 1820-2015>monetary history of the United States - Friedman>History of Money and Banking in the United States: The Colonial Era to World War II - Murray Rothbard>The Creature From Jekyll Island - G. Edward Griffin>The Currency of Politics: The Political Theory of Money from Aristotle to Keynes - Stefan Eich>The Color of Money - Mehrsa Baharadaran>The Changing World Order - Ray Dalio>Money: 5000 Years of Debt and Power - Michel Aglietta>Debt: The First 5,000 Years - David Graeber>Barren Metal: A History of Capitalism As the Conflict Between Labor and Usury - E. Michael Jones>Cambridge History of Capitalism Vol. 1 and 2>Money Changes Everything - William Goetzmans>The Philosophy of Money - Georg Simmel>...And Forgive them their Debts - Dr. Michael Hudson>Money: the unauthorized biography - Felix Martin>Maniacs, Panics and Crashes: a history of financial crises - Charles Kindleberger>The new Lombard Street - Perry Mehrling>Money - John Kenneth Galbraith>Globalizing Capital - Barry Eichengreen
>>60268628we live in crazy times
>>60268568The Canadian Mint called it perfectly for this year
>>60268602Hey I have one of those bitcoins, I purchased it for 28 uUnited States dollars and it has appreciated handsomely
>>60268650Austrian Gold is good Gold.
>>60268801Too bad the other side is the reptilian princess killer
Imagine buying silver LMFAO WHAT EVEN I have no problems with gold stackers. I think there’s better things to do with your money but it’s not inherently retarded like silver stacking
Dont forget to pre order your morgan and peace dollars!
>>60268814Cool I bought Bitcoin last year and made several $million....lmao we aren't the same
>>60268871
60268867Streetshitter Jeets shilling for coin merchants nonstop
>>60268517>ITS A TOTAL FREAKSHOW IM LAUGHING I SHOULDNT BE LAUGHING BUT IM LAUGHINGUr laughing, but at what, I can't see anything!
>>60268884i have every one of them
>Imagine buying silver LMFAO WHAT EVEN I have no problems with gold stackers. I think there’s better things to do with your money but it’s not inherently retarded like silver stacking
>>60268602
everyone loses except PM chadssimple as
>>60268924bar in pooper
Bros the FUD and shilling is off the charts wtf is happening?
>>60268935>Bros the FUD and shilling is off the charts wtf is happening?4 letters SETF
>>60268935bond market is collapsinglolthis is end game bro
>>60268935Yeah it’s the “shills” FUDing! It’s 100% not everyone with a brain cell mocking you for having none. Buy some more of bergs silver to own the jews goy!
>>60268964Lmao nothing dumber or poorer than a frog round buyer
I asked a few threads back about getting into silver because I have a small amount of gold. What denomination should I go with? 1oz or something bigger?
10 years of pmg and stackturds are still broke depressed incel losers
>>60268980>Scamjeet back again with a dumb question for other streetshitters to answer to make it look like people are buying garbage rocks
2025.This is the year we take it all back This is the year we shineThis is the year our shinies take us to the moon!$4k Gold by end of this month.
>>60268814>>60268913I'm sorry bros, IQDELET finally got to me. I sold most of my PMs and bought some BitCoin baggies... it's so over for Stacktards...
>>60268964>this is end game broIs it time to max out credit cards buying PMs?
>>60269013You own no metal and have no credit card Deepak you don't even have a toilet
>>60269013If there's a major credit-freeze event you could be fucking yourself over badly. If you really decide to go on ahead, you best "borrow" a subsizidized loan that doesn't accrue interest or a apply for a 0% APR on purchases (for at least 12 months) Credit Card. Good luck anon.
>>60268980>I asked a few threads back about getting into silver because I have a small amount of gold. What denomination should I go with? 1oz or something bigger? I personally like 5oz and 10oz spot price deals...
>>60269032>a major credit-freeze eventtf is that?
>>60268980Go for a 1:20 or 1:60 GSR. Both work well for most Stackers. The best sizes for Silver are:1 oz. coin/round10 oz. bar1 kilo barAnything else is a premium-meme, just stack for weight to match your Gold holdings. You're free to purchase whatever shiny you like, but those sizes I listed are usually your best bang for your buck.
>>60269039>tf is that?Liquidity freezing. Contractive choke point.Black swan event.Cohenincidence...
>>602689801:100 is the best gold:silver stacking ratio
>>60268628
>>60269013no, you buys guns on credit you dont plan to pay back then dare them to attempt repossession
Thank you brain
>>60269039Were you not at least alive during the GFC of 2008? The global lending system was freezed, due to the insane amounts of low-quality loans resulting in a credit-crunch. Expect something like that but worse, especially considering we haven't fully recovered from that event.
Lmao, stacktards ruined
>>60269092HEY! How did you figure out my secret plan? >:^(
>>60268459
>>60269057>one thread had Gold panner>this thread has namefagThings are getting wacky on /pmg/
>>602690641:200+Silver is so cheap. Gotta stack it deep!
>>60269054> Anything else is a premium-memeYou have that backwards. The bigger the bar, the lower the premium. The more you buy, the better the bulk rate. You can buy COMEX bars for spot price. 100 oz bars are cheaper per ounce than kilos, 10 oz bars, or 1 oz rounds.
>>60268468By the time I was 30 I had lived on both coasts, got a doctorate, and killed a guy (legally). Pretty great trifecta. A few years later, I now live in a little town, enjoy the quiet life, reload odd calibers for fun, and stack Asahi. Life is great and I'm ready for what's coming. Cheers
Just keep stacking frens. You can't beat a pile of real money that endures long after you die.
>>60269151The point of stacking 1 oz./10 oz. Silver is that it's for smaller spending. I fail to see the use in having a 100 oz. industrial sized bar of Silver, besides it being really frickin' cool.
>>60269146I'm at 1:1000 and counting
>>60269186a 100oz silver bar will be for big spending soon enough
>>60269186Muh barter, lmao retarded>>60269166Still a broketards stackturd
>>60269166I want to drink so much beer...But I'm just going to have a cig on the back patio.
>>60269192I'm at 0:0 and rich, lmao more wealth than all stacktards combined. Rocks are for losers
>>60269201kek silvercels are hilarious
Forgot when i got this captcha but it was recent
It will never stop being funny that Iqdelete doxxed himself and was a literal homosexual indian turbomanlet>kektop!
>>60269205I quit smoking but boy do I miss it. Enjoy bud.
Kektop you should post more pics of gay indians from your 47 terabyte incel folder to cope for losing the game of life
>>60268887>>60268517Can someone pls explain this or link the source for this. Its impossible to find anything on internet anymore.
>>60268867300% premiums yayyyyyyy
>>60269271Lmao they claim silver is valuable then pay 300% premiums like morons
>>60269236I have a small cigar humidor w/ just 4 cigarettes in it. Keeping it cheap but keeping it real.Spending more $ on silver.
>IQDELET has ramped up his samefagging to breakneck speeds.Shucks, he's seem to forgotten his "Swiss guy here" routine. Guess his enablers have forced him to work double overtime. L-O-L>>60269265It's Greg Mannarino, a JewTuberhttps://www.youtube.com/@GregoryMannarino
>OOOOOOOOO SHINYYYYY I PAY 300% ITS VALUE AND LOSE EVERY PURCHASEFUCKIN BOOMERS MAN AHAHAHAHAHA its like investing in VHS in 2025 ahahahahahahaha
Lmao
I hardly come here to discuss PMs anymore, I just come here to entertain myself with the poojeet that is slowly spiraling into madness like post above. Hahaha, imagine getting this worked up over: >le boomer rocks
>like investing in VHS in 2025More VHS related FUD plzGotta get w/ the new retro wave, just like the Hunt Bros in 1980
apmex folding under the demand lul
I know Kennedy's don't have much silver in them but I like them
>>60268980see >>60261367
>>60269353damn thats crazy this entire general got mogged by an indian faggot and so mentally buckbroken they think everyone is him but thats not me i can prove it if you like. White as casper the friendly ghost my friend
>>60269367Lmao, it's funny that broke incel stacktards cope like this. Just don't buy silver dummy
>>60269371Lmao true, Indian homos shill silver so they can afford used condoms haha stackturds
Seriously, does /biz/ even have mods?
Funny thing about stacktards is they are all wagies, broke, incel and depressed that's why they listen to gay jeets
>Is now denigrating himself as the indian faggot he isROFLs ensue
Uh oh, it's worried again
>Is now denigrating himself as the indian faggot stackturds isROFLs ensue
Lmao remember the stackturd squeeze last week? Stacktards lost 25% in 3 days trying to end the FED
>>60269186I already explained it. The most silver per dollar you can buy is a pallet of COMEX bars at spot. Next down the list is a stack of 100 oz bars, so you pay the lowest premium that you can. Failing that, kilo bars are the next best thing. Failing that, five ounce or one ounce bars or rounds, which carry a much higher premium. Arguably junk silver is the better proposition. Bullion coins are at least not as esoteric as junk silver or Sterling.Like, I'm sorry: a mercury dime isn't going to make you a millionaire in a failed state. It should buy you some eggs, though.By the same token, having 100 oz bars isn't going to make me a millionaire. But I'll have more ounces than someone who only bought brilliant uncirculated American Silver Eagles, or whatever.
>tfw you're more wealthy than iqdelet
>>60269437160000 ounces of silver will make you a millionaire
Stackturds furious at crypto millionaires
>>60269386You don't see stuff like this on /tcg/Yes, an entire general dedicated to the value in cardboard rectangles of fantasy monsters.
>>60269479tcg is not a thing
>>60269265Gregory Mannarino is a longtime shill on Youtube. For BTC, gold, and silver. In standard Austrian economics fashion, he has predicted 999 of the last 2 crashes.He's like Peter Schiff and the rest of those Hebrews who bilk boomers. Lots of embarrassing photos of himself at nudist colonies, dressed in his Mason robes, etc.The kinds of precious metal shills / pumpers that would turn anyone off of precious metals forever. I stack in spite of these clowns.
>>60269492The local homo jeet is a fanboy of this nobody. Mental illness. Lmao all stacktards are broke incel losers
>>60269453But you will always be a Jeet. Why live?
>>60269503Stacktards hate Trump because he's saving America and the $. Stacktards praying nonstop for nuclear war
>>60269491Trading cards make people a fuckton of money if they know what they're doing, what are you talking about?
>>60268980I know I'm going to get some hate for the pieces of advice I'm going to give you, but I'm going to give them anyway cause honestly I don't give a flying fuck about what the shills and retards here may think. 1) Do yourself a favor and install 4chanx so you can filter the shills, FUDs and the anoying boomer redneck retards that flood the board.https://www.4chan-x.net/https://chromewebstore.google.com/detail/4chan-x/ohnjgmpcibpbafdlkimncjhflgedgpam2) Bars vs coins/roundsI honestly think bars (especially big ones) are just not practical unless you are above 35 ounces of gold and 1000 ounces of silver. if shit hits the fan you are going to want to have your metals in a fractional, easy to test, easy-to recognize-by-the-normies format. most stackers here that buy big silver bars do it to feed their egos and not thinking straight as serious investors. same thing goes to meme coins and painted gay shit rounds.3) How much Precious metals should I stack?Precious metals are a good hedge against inflation and if things go south you can even make a lot of money. That being said do not go full retard on precious metals, 10% of your net worth should be enough. also always have an emergency fund of 6 months worth of cash, you dont want to be forced to sell your gold because you got in a car crash or a sudden toothache.4) Buy a gun and a safe if you dont already have one.the same principle applies to guns. buy an affordable, practical handgun that you can carry such as a glock 19 and a pump action shotgun like a remington 870. regarding the safe, the best safe is a hidden safe, like under the floor boards, also do not tell anyone that you have precious metals in your home.that's it, good luck.
there are a lot of nice coins on heritage next month
>>60269590I just don't think there's much to be gained by purchasing overpriced slabs. I dunno
>>60269615i can appreciate that. there are just more nice ones this time than usual is all.
>>60269615Slabs are weaker than the desire to fondle
>>60269367yeah they may only be 40% unlike the real Kennedy who was 2% lead
>>60269552>most stackers here that buy big silver bars do it to feed their egos and not thinking straight as serious investors. same thing goes to meme coins and painted gay shit rounds.Yes. Silver bars (over 10 oz) are dumb and painted rounds are dumb (and gay)
>>60269666checked, trips of truth, Satan.
>>60269538a wad of cash would not have saved him
>>60269492Thanks for the heads up anon. I felt something about him was off but didn't know what it was.
>>60268980I would stack 1 oz coinage (minted by a country) personally but you get better deals on bullion (generic rounds)
I don't see Arks posted very often
>>60269729arks be a fine choice
>>60269651uncontainably based
>>60269651break em outfree the coins
>>60269651It's free.
>>60269492Greg being a Freemason (33rd Degree no less) makes his videos even more fascinating. Thanks for pointing this out in another thread, or could've been someone else. Anyhow, this means he's even more tapped into the inner machinations of evil. His recent "Rasta-mon" arc is nothing short of strange. What does it all mean, I wonder. He advocates for owning Silver and Gold, but in the same breath he's pro-crypto. Motherfucker knows something we don't know, and his hyperbolic, hysterical, fanatical Rasta-mon nature just makes this even weirder.
>>60269552>redneckHey, hey.
>>60269746I would not be shocked if lots of YouTubers turned out to be masons.
>>60269747those are actually pretty reliable guns, though I prefer 3 well placed 9mm rounds in the chest than 1 45 acp in the belly and 2 in the ceilling :) but you do you, buddy. regarding the bar, I rather have 50 eagles if I have to go buy groceries during hyperinflation, so I can use 1 and leave 49 at home.
the debt dominoes are starting to fall
>>60269775>1 45 acp in the belly and 2 in the ceillingSkill issue.
>>60269775It doesn't matter if its 9 or 45 if you can't put a half dozen rounds in a dinner plate sized group within ~2.5 seconds from the draw at 7 yards. 9 might be easier but 45 is just as doable. I normally carry a 9mm but the dude I shot got 6 rounds of 45 before he dropped, all in the chest. Surprised the shit out of me, especially when he shot back a few times before dying, but a double tap of 45 straight to the chest is not necessarily going to stop the show instantaneously. I still prefer a 9 and carry one more often than not, but 45 recoil is nothing special
>>60269834yeah, I'm sure that tacticool fucking "lantern" makes all the difference, ha ha. why don't you also add a holonigger sight while you're at it. the bulkier, the better, they say.
>>60269862>also add a holoI don't have a holster for an additional signt. That's my carry gun. My other P220s will be more fine tuned for tighter tolerances and yes they'll have reddots added.
>>60269897Personal preference but I just don't like the massive bore axis Sigs have
>>60269897what can I say, lad. I like my guns like I like my women, slender and silent.
>>60268407>Treasure chest Edition
>>60269910That's why I use a modified revolver grip when shooting it.>>60269911>slender and silentIt's actually a little slimmer than a P226, and all .45 Auto is subsonic. Definitely quieter than a lot of 9MM.
>>60270015I use Federal 150gr Syntech, works for me.
God, Gold, and Guns. The three G's of protection.
Hey frens, been busy getting my house ready for sale and just got it listed, we have a surprising amount of interest and the realtor thinks we'll get around 350K which would be awesome as we bought at less than half that, hopefully the Trumpian real estate rugpull can wait until just after we get someone on the hook and can pocket a healthy pile of loot.Anyway I went to an estate sale less than a mile away 3 hours after they opened and still managed to slurp some tasty cheapies for the stack, besides some stuff to flip on ebay I got 115 grams of sterling silver worth $110 melt for $7, some 1/10 12k gold filled to refine that contains about 1/2g of pure gold also for $7, and over 5 kilos of pewter for $13.50, everything besides the antique ~200 year old measuring tankard I've already melted and added to the ample ingot hoard. Tin is just $31/kg now but I'm sure the triple digits Rick Rule promised me are just around the corner...
>>60270248>115 grams of sterling silver worth $110 melt for $7I was pretty surprised to find cheap silver so late after opening but it was a weird vintage soviet bloc sterling and wood bowl with a tiny hallmark so I can't fault the boomoids *too* much for overlooking it. Happy hunting frens, the cheapies will always be out there waiting for ya.
>>60269766>>60269746>>60269492Greg's videos popped up in my feed few months ago. I would regularly watch him but felt something was off about Greg. As if there was some sort of negative or evil energy emanating from his videos. His most recent "warning" was a six-month warning. "In six-months the US Economy will become unrecognizable" and "they will have us on our knees begging for a new system" that's paraphrasing the diatribe in most of his videos. The timing is nearly impeccable as it is in line with a June date for an FOMC meeting which could lead to a potential Quantitative Easing cycle by the Federal Reserve (whom he constantly berates). On the official Federal Reserve website there's a date of June 17-18th listed. Well, why does this matter so much? If you note the messaging on Greg's videos he's gone full-blown Rastafari-Lion 'Mon but there's a message within a message. Everything's "The Lion" now, his profile picture, "The Lion of Wallstreet", his viewers are the "Lion Pride", he's the Lion Daddy, etc. The Lion motif in Freemasonry imagery is partly symbolic for the Summer Solstice, AFAIK, which this year just so happens to be on Friday, June 20, at 10:42 p.m. I'm sure it digs deeper, but I'm just recognizing some mild patterns here. So, now this dude's mug is randomly popping up on /pmg/ alongside the rampant IQDELET shilling. Something's terribly off...Thoughts?
Pullback when?
>>60270302You could be onto something, Anon. Lots of crazy things are happening lately.
>>60270282>>60270248That looks like a very cool hobby, ngl. if you have fun doing it and also you can make a profit it's perfect. most hobbies are a money sink but yours looks like an exception. I've been thinking about doing some magnet fishing myself and also buying a metal detector to go combing some beaches early in the morning.
>>60270357>That looks like a very cool hobby, ngl. if you have fun doing it and also you can make a profit it's perfect. most hobbies are a money sink but yours looks like an exception. Yup you get it anon, I wouldn't recommend that anyone make scrounging for cheapies their full-time day job but as a hobby it's very enjoyable and gainful. Keep an eye open for IRL estate sales in your area posted on www.estatesales.net and I'm sure you'll find worthwhile stuff too.>I've been thinking about doing some magnet fishing myself and also buying a metal detector to go combing some beaches early in the morning.I don't live near any beaches but have 2 metal detectors, in fact I got a Garrett ACE-250 (a decent machine which costs about $250 new) for $20 at an estate sale 18 months ago, gotta love estate sales lol. I've found lots of silver coins over the years and dug this 5 gram 14k gold ring in a park but haven't found anything legendary like the oletimers who go detecting more regularly. As a hobby and form of light exercise it's a really enjoyable way to spend a few hours of free time, you should definitely give it a try fren!
>>60270302>"In six-months the US Economy will become unrecognizable" and "they will have us on our knees begging for a new system"sounds about right
>>60270302let us consult the oracle
>>60270486>your picIt is amazing how gold remains unaltered even when exposed to the elements for long perods of time... truly a formidable material.
This thread is gay. It should only be allowed to be posted once a week and when 300 replies hits it should be banned for 7 days from this board. I’m sick and fucking tired of seeing this bullshit in the catalog 24/7/365. It’s ALMOST as bad as seeing the Bed Bath and Beyond general daily.
Kek, IQDELETE has decided on another tactic--try to get /pmg/ booted off /biz/>>60265721He even has the nerve to frame it as being because the place has turned sad and miserable (almost as if it's for our own good that /pmg/ should be cancelled), when it's just full of guys enjoying their hobby/interest of stacking PMs.If you do reply, remember to put a certain herb in the fields. And don't be salty, it plays into his hands.(it looks like >>60270766 is an inorganic attempt to do the same, probably by the same dalit who made the thread I linked above)
>>60270872I own silver
>>60268720saar! start at this museum!do the needful!
>>602694511 toz of silber would make any stacker on here more wealthy than the streetshitting, leprosy infected poojabi>he only stacks cow pattiesit dey culcha. poor broke brown skinned faggot…
Lmao silver scamming jeets up all night seething because a guy wants to make young white men rich
>>60270872Where's the lie? Every single person who bought silver years ago got scammed and lost $$$$ now they are broke, depressed and hateful losers trying to scam new people LmaoMAOHow's that stackturd squeeze working out?
I think the shill should either cope seethe or dilate, doing all at once has him strung out
I might be a stacktard but atleast im a fully grown adult white man and not a retarded faggot midget jeet
Why is silver rising
>>60271240>stackers are brokewhat's it like being a shitskinned shill with only aluminum bronze coins to his name?
>>60271405You are a broke streetshitter shilling silver for 3 cents per post, you aren't even good at it
Silver POOMP when? Don't say 2 weeks, you said 2 weeks 4 years ago.
>>60269104What’s that have to do with someone maxing out their credit cards to buy precious metals? Dumb boomer just wants to lecture me and he’s not even making any sense.
>>60271536>What’s that have to do with someone maxing out their credit cards to buy precious metalsLmao are stackturds doing that?
>>60271408Well both gold and silver are both up about 60%. I think that's kind of the current trend.
>>60270988Am I being called jewish for reading books now?
>>60271572Lmao gold is up and stacktards still lost money, the buy high and brag about paying huge premiums....lmao financial incels
The street shitter has been up to this for like 9 hours lmao
>>60269166and no wife or children? you're an absolute loser
>>60271721What woman would marry some depressed loser who buys magic rocks and prays for the end of the world? Lmao none
Lmao stacktards wage away their life to prepare for the end of the world and their greatest hope is everyone will suffer as much as they do .Glad I got rich with stocks and richer with bitcoin
Lmao this faggot doesn't even own a toilet
No amount to bashing the keyboard with monkey paws will dissuade me. I just like shiniesI like the way they lookI like the way they feelAnd I like physically holding wealthI have been buying for 8 years (not as long as some of you) but I have more than doubled my money and I still continue to buy at these prices. If they go up, we win. If they go down, I buy more. It's a great. Only a poor, mentally ill, dishonest creature would be against hoarding wealth. Thanks for reading my blog.
>>60271992You don't own silver, you are a streetshitter like this guy says>>60271765 you own no toilet you shill for three cents per post
Can someone explain to me the difference between spot price and silver futures?
What’s /biz/’s take on governments adopting decentralized identity projects like Worldcoin?
>>60269776Where will Jim Boeheim's wife get mugged now ? : (
>>60268720You're better off reading a book on psychology, anthropology and philosophy to get a better understanding of the world we live in. Every system, every institution, every piece of legislation was designed, implemented, enforced and maintained by people.
>you don't own silver>posts silverThis is what I mean by a poor, mentally ill, dishonest creature. Keep bashing away! I just bought another tube of silver.
I enjoy being a silver stacker But I didn’t realize I’d start attracting another type of silver; old women keep hitting on me I’m not complaining I’m just confused
>>60271744>What woman would marry some depressed loser who buys magic rocks and prays for the end of the world? Lmao noneOne not born a man.
>>60272108>Can someone explain to me the difference between spot price and silver futuresReal spot price means the price of metal you get "on the spot" in hand from a seller.In the (((market))) it represents the current trading cost of a contract to purchase.Futures is that contract at a later date.
>>60272320Lmao at you incel, women don't like losers they don't like broke misers waging for rocks they want to live now not cry the world is collapsing. Stacktards are doomed and cursed by their own decisions to be incel
>>60272313nothin wrong with that
>>60272351So why would anyone ever make a contract to purchase in the future? Because they expect the price to rise and want to get a good deal in now, but aren't ready to take physical possession yet? So the spot price ought to follow the future price right?
>>60272520Because the price of making the contract is much lower than buying it outright, but if it randomly spiked high as shit they can exercise them for much less than what the price will be for physical in that moment and they get more that way in the long run while they get a good price to turn around and sell into
>>60272520originally futures markets were for commodities. so a farmer would buy futures betting that the price of his crop would go down, that way in the future if the price goes up he wins, if the price is the same he wins, if the price goes down he wins. its lets him stabilize what he makes instead of being at the mercy of the market. miners do this too. now for precious metals jew banks use the futures market to manipulate the price, its illegal for the goyim to do it though. and anyone with the wealth to call the jew banker's bluff would get a phone call to stop or a bullet in the back of the head
>>60272500checked and yes there’s a certain mystique and allure to classy older womennow if only everyone else bidding on the same shit I am, so my lowballs go through, could just go into a coma or otherwise be prevented from bidding for 2 days that’d be great
>>60269651Based fondler
>>60272500Holy cannoli silver stacking incels are so mentally ill and desperate they crave dried up haha and pretend they are attractive. Lmao more proof that stacking is a death sentence and the end of your lineage
>>60272595>>60272605Lmao pure retardation. Proof these threads make you dumber
>>60269367>not sure if trolling or not1964 Kennedys are 90% silver. All other are shit-tier 40%
>>60272351you bought his wife's album?
>>60269538The great thing is, the value of the coins hasn't been affected.
>>60269858>picrelWinner-Winner, Chicken Dinner!
I've been practicing and experimenting with different techniques and gotten pretty good at casting knuckledusters out of my pewter using some nice antique cast iron knuckles as the template to make the sand molds. Soon I will graduate to casting solid silver knuckles, based on my calculations they will require about 8.7ozt of silver each and all the experts I've consulted agree that they'll be super based
Flipped open a new tab and was greeted by this storyhttps://www.popularmechanics.com/science/archaeology/a64431012/medieval-denarii-coins-discovered>A woman walking in the Czech Republic stumbled upon more than 2,150 early medieval silver coins.>Originally stored in a ceramic pot during a time of political turmoil, the coins have sat in place since the first quarter of the 12th century.Seems to be a repost from 2024 though unless someone else found another comparable hoard recently. I'm glad to know about it now at least, missed it somehow last year.
I also scored some free Coinstar .900 silver at the grocery store yesterday, it's been over a year since I last found anything decent in the reject tray.
>>60272595>>60272605Interesting, thank you
>>60273005Look at Van Onsing over here gearing up to punch werewolves.
>>60273125>gearing up to punch werewolves.Yup, and I've already made silver sling bullets to BTFO the lycanthropic menace from a comfortable distance.
I got rich by not buying silver....you can too.... streetshitter silver scam need not apply
SBSW mooning.....thank you IQELITE!
what do you see when you look a this chart
>>60273065Nice find.I love mine. It spits out treasure almost everytime I go to check.
>>60273005Been playing around with pewter casting using a portable electric stove and kinetic sand. I'd like to cast silver but I'd need an actual forge and also silver to melt. I find pewter at thrift stores for cheap but I've no idea what silver to use or how to get it at a low price. I was thinking sterling silver tableware but problem is finding enough for at or around spot. I've never found silver at thrift stores and ebay from what I've seen seems over priced. Sometimes I find junk silver coins at or under spot at coin shops but I'd rather just stack those then melt them and I'd need a lot of them anyway
this one too even
>>60268720I gotchu familia.
>>60268720> I'm researching the history of money, banking, trading, bartering, etc... How it started, and how it has developed over time from the beginning of history to the present day. Ahh a fellow man of intrigue. In my experience this is a massively complex journey, the hardest part is being able to read all me of the millions of takes on money and monetary mechanics and find the blind spots in each school of thinking. What have you read so far?
>>60272008I was talking about you, dumbass. Try and find a toilet and stop shitting on the sidewalk
>>60273005Gigabasado
>>60273623wooops this was a draft. I posted the entire history of pmg before. I will do so again, in batches. No need to tire yourself when someone else has already charted the path of discovery>Hamilton suggested financing the establishment of the First Bank of the United States by selling $10 million in stock. The U.S. government would buy the initial $2 million worth of shares. However, since the government lacked the $2 million, he proposed that the government borrow this amount from the bank itself, with the loan to be repaid over ten equal annual installments. The remaining $8 million in stock would be open for purchase by the public, both domestically and internationally.
MM's kilo bars are even lower on stock than last week
>>60273719>the primary function of the bank would be to issue credit to the government and private interests, for internal improvements and other economic development, per Hamilton's system of Public Credit. >Hamilton suggested financing the establishment of the First Bank of the United States by selling $10 million in stock. The U.S. government would buy the initial $2 million worth of shares. However, since the government lacked the $2 million, he proposed that the government borrow this amount from the bank itself, with the loan to be repaid over ten equal annual installments. The remaining $8 million in stock would be open for purchase by the public, both domestically and internationally.>Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population.
>>60273745To prevent any appearance of impropriety, the bank would:Be prohibited from purchasing government bonds.Implement a mandatory rotation of directors.Not issue notes or incur debts beyond its actual capitalization.Allow foreigners, both overseas and in the United States, to hold stock in the First Bank of the United States, but they would not have voting rights.Permit the Secretary of the Treasury to withdraw government deposits, inspect the bank's books, and request
>>60273761Repudiation, Redemption, Discrimination>James Madison, a US Representative from Virginia, proposed his own version of "discrimination" aimed at upholding the federal commitment to repaying debt at face value. In his proposal, current certificate holders would be refunded at the price they paid for the devalued certificate, and the remaining amount would be given to the original holder. This method would ensure that the government expenditure matched the face value of the original certificate.
>>60273778>Plans more sympathetic to the ex-soldiers who had sold their certificates to speculators at reduced rates were termed "discrimination." These plans proposed paying the original holder the full value of the security and reimbursing the current holder at the purchase price. However, the total of these payments would exceed the original certificate's value.>A key element of Hamilton's fiscal reform, known as "assumption," involved consolidating the $25 million debt of the 13 states and transferring it to the federal government for management through a comprehensive funding plan. Hamilton's goal was to tie creditors to the new central government, thereby linking their financial interests to the success of his economic policies. This approach aimed to gradually reduce state power while increasing federal authority.One effect of "assumption" was the fair distribution of the collective debt among all states, with wealthier states helping to cover the debts of less solvent ones. Most southern states, except South Carolina, had already significantly reduced their wartime debt.The "dinner-party bargain" resulted in Madison dropping his opposition, allowing the Assumption Bill to pass. In return, Hamilton agreed to support locating the nation's capital at Georgetown on the Potomac, the future site of Washington, DC. However, Hamilton's support was unnecessary since the Potomac location was already assured.A mutually beneficial agreement was made where Virginia would pay $3.4 million to the federal government and receive the same amount in federal compensation. This debt adjustment and the decision to place the capital along the Potomac ultimately resulted in Virginia gaining over $13 million.Hamilton's report quickly converted nearly worthless federal and state debt certificates into $60 million of funded government securities. From 1790 to 1800, interest payments on the national debt alone accounted for 40% of the national revenue.
>>60273791>Hamilton dismissed both "repudiation" and "discrimination" and advocated for "redemption," which involved paying the full value exclusively to the current holders of the certificates, including any overdue interest.>Jefferson and Madison objected to another of Hamilton's proposals: the establishment of an official government Mint. They saw this concentration of power away from local banks as a threat to a stable monetary system, primarily benefiting business interests in the commercial north rather than the agricultural interests of the southern states. They argued that these proposals would infringe upon the right to property ownership. Moreover, they argued that creating such a bank would be unconstitutional, as the Constitution only authorized Congress to regulate weights and measures and to mint coins, rather than to issue currency and bills of credit.
>>60273802>Madison described Hamilton's "redemption" plan as a scheme to cheat "battle-worn veterans of the war for independence" and a giveaway to affluent speculators, primarily wealthy Northerners, including some Congress members. Madison's "discrimination" plan aimed to rectify these abuses in the interest of financial integrity and natural justice.Hamilton admitted that many certificates had been acquired by wealthy individuals but viewed the resulting "few great fortunes" as a minor issue and a "necessary evil" in the transition to establishing sound credit.>James Madison contended that Congress lacked the authority to establish a bank or any other governmental entity. His reasoning was chiefly based on the Tenth Amendment, which states that powers not granted to Congress are reserved for the States or the people.>
>>60273812>first Hamilton insisted on absolute fidelity to creditors.Before the government could resume borrowing, Hamilton required that the $13 million in overdue interest be converted into principal, with reissued securities paying 4%. This plan would be funded by irrevocably pledging a portion of the government’s tariff and tonnage revenue to the payment schedule. Additionally, contracted debt would be serviced by sinking funds derived from postal service revenue specifically allocated for that purpose.Rather than eliminating the national debt, Hamilton recommended that government securities be traded at par to facilitate their use as legal tender, equivalent in value to hard currency. Regular public debt payments would allow Congress to safely increase the federal money supply, thereby stimulating capital investments in agriculture and manufacturing.>To achieve this, Hamilton repeated a suggestion he had made nearly a year before—increase the duty on imported spirits, plus raise the excise tax on domestically distilled whiskey and other liquors.>for interest payments on the assumed state debts would begin to fall due at the end of 1791...those payments would require $788,333 annually, and... an additional $38,291 was needed to cover deficiencies in the funds that had been appropriated for existing commitments.
>>60273823>$77 million in 1790 is equivalent to $2.6 billion in 2023.Any part of the $12 million foreign debt, along with $1.5 million in interest, was considered a "sacred obligation" that needed to be paid in full.A substantial part of the nation's $40 million domestic debt was owed to Patriots who had supported the War of Independence through loans or personal service. Many were combat veterans who, during demobilization in 1783, had been compensated with IOUs, "certificates of indebtedness," or "securities" (distinct from the worthless Continental currency or bills of credit) and were redeemable once the government's fiscal order was restored.>The U.S. Mint's initial five officers included a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (distinct from the Secretary of the Treasury). The Act permitted one individual to serve as both Chief Coiner and Engraver. Additionally, the Assayer, Chief Coiner, and Treasurer had to secure a $10,000 bond with the Secretary of the Treasury.>The First Bank of the United States was a national bank established by the United States Congress on February 25, 1791, with a charter lasting twenty years. It succeeded the Bank of North America, which was the country's initial de facto national bank.
What gold to silver ratio should I aim for and why?
>>60273835>the bank would have a twenty-year charter running from 1791 to 1811, after which time it would be up to the Congress to approve or deny renewal of the bank and its charter; however, during that time no other federal bank would be authorized; states, for their part, would be free to charter however many intrastate banks they wished.>Jefferson and Madison objected to another of Hamilton's proposals: the establishment of an official government Mint. They saw this concentration of power away from local banks as a threat to a stable monetary system, primarily benefiting business interests in the commercial north rather than the agricultural interests of the southern states. They argued that these proposals would infringe upon the right to property ownership. Moreover, they argued that creating such a bank would be unconstitutional, as the Constitution only authorized Congress to regulate weights and measures and to mint coins, rather than to issue currency and bills of credit.>Secretary of State Thomas Jefferson argued that the bank violated traditional property laws>May 8, 1792, An Act to Provide For a Copper Coinage [1 Stat. 283]] was signed into law by President George Washington. It followed the precedent of the Fugio cent of 1787 in establishing the copper cent, from which descends today's one-cent piece. The Act also stipulated that "the director of the mint... be authorized to contract for and purchase a quantity of copper, not exceeding one hundred and fifty tons... to be coined at the mint into cents and half-cents... and be paid into the treasury of the United States, thence to issue into circulation."
>>602738461:16 (gold to silver)>In 1817 States cannot tax federal banks>In 1819, Monroe appointed Nicholas Biddle of Philadelphia as Government Director of the Bank. In 1823, he was unanimously elected its president.>The underground success of scrip, however, was that a wide variety of local merchants accepted each other’s paper notes and treated them like cash. The same note might be worthless in another town or state.These practical merchants, through their cooperation, buoyed up the economy in hard times. Some also made a tidy profit.>On January 1, 1835, Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished.>private banks was forced to be chartered by the state. Only allowed to have branches in a single state. Unlike federal banks>The bank run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They immediately suspended specie payments, and would no longer redeem commercial paper in specie at full face value
>>60273846I get 1 gold ounce for every 100oz of silver. The reason why is just video game logic
>>60273876>The coinage Act of 1834 redefined the U.S. Eagle coin (ten U.S. Dollars) as containing 232 grains of fine gold, compared to 247.5 grains in the prior Act. This fixed the official basis of the dollar as $20.69 per troy ounce.>It raised the silver-to-gold weight ratio from its 1792 level of 15:1 (established by the Coinage Act of 1792) to 16:1 thus setting the mint price for silver at a level below its international market price.>Langdon Cheves, who replaced Jones as president, worsened the situation by reducing the Bank's liabilities by more than half, lessening the value of Bank notes, and more than tripling the Bank's specie held in reserve. As a result, the prices of American goods abroad collapsed. This led to the failure of state banks and the collapse of businesses, turning what could have been a brief recession into a prolonged depression.>Van Buren's solution to the Panic of 1837 was to create an Independent Treasury, where public funds would be managed by government officials without assistance from banks.>in 1840, the Whigs, who also held a majority in Congress, repealed the Independent Treasury, intending to charter a new national bank. However, Harrison died after only a month in office, and his successor, John Tyler, vetoed two bills to reestablish the Bank.[332] The nation returned to deposit banking.[333] The Independent Treasury was recreated under the Polk presidency in 1846.[332] The United States would not have another central banking system again until the Federal Reserve was established in 1913
>>60273885>Specie Circular requiring that payment for the purchase of public lands over 320 acres be made exclusively in gold or silver>chairman James K. Polk, the House declared that the Bank "ought not to be rechartered" and that the deposits "ought not to be restored". It voted to continue allowing the deposit banks to serve as fiscal agents and to investigate whether the Bank had deliberately instigated the panic.>the Bank had interfered politically in the election of 1828 by supporting Adams. B.U.S. branch offices in Louisville, Lexington, Portsmouth, Boston, and New Orleans, according to anti-Bank Jacksonians, had loaned more readily to customers who favored Adams, appointed a disproportionate share of Adams men to the Bank's board of directors, and contributed Bank funds directly to the Adams campaign.>exacerbated by the B.U.S. under Bank President William Jones through fraud and the rapid emission of paper money.>February 1836, the Bank became a private corporation under Pennsylvania commonwealth law. This took place just weeks before the expiration of the Bank's charter. Biddle had orchestrated the maneuver in an effort to preserve the institution rather than allowing it to dissolve.
>>60273894>national economy following the withdrawal of the remaining funds from the Bank was booming and the federal government through duty revenues and sale of public lands was able to pay all bills>second annual address to Congress on December 7, 1830, the president again publicly stated his constitutional objections to the Bank's existence>Jackson expressed his willingness to recharter the Bank or establish a new one, but first insisted that his "experiment" in deposit banking be allowed a fair trial>Jackson insisted that the circular was necessary because allowing land to be purchased with paper would only fuel speculator greed more, thereby worsening the crisis. The circular, he claimed, was necessary to prevent excessive speculation>the summer of 1842, eight states and the Florida territory had defaulted on their debts, which outraged international investors>As gold flooded the monetary markets of the world, its commodity price declined due to its higher supply. This, in turn, caused the price of silver relative to gold to skyrocket. American silver became a premium. With the bullion value of silver far exceeding the face value of U.S. silver coins, melting became rampant as speculators could sell off their silver coins as bullion for its more profitable world market value.>The coinage Act of 1853 was the beginning of an economic debate between gold and silver which lasted until the late 19th century, but the fundamental discussion about the role of fiduciary currency in the United States would only truly be resolved in 1970 when the U.S. dollar was removed from its peg to the gold standard.>the 1853 coinage Act turned silver into a fiduciary currency, transforming the value of silver coins from something goods and services were sold for into a medium by which goods and services were exchanged.
>>60273913>The bamking act 1863 also allowed national banks to start national currency associations in groups of ten or more, with at least $5 million in total capital, to issue emergency currency.The bank notes were to be backed by not only government bonds but also almost any securities the banks were holding. The act proposed that the emergency currency had to go through a process of approval by the officers of the national currency associations before they were distributed by the Comptroller of the Currency. it is possible that because there was a 5 percent tax placed on this emergency currency for the first month it was "outstanding" and a 1 percent increase for the following months it was "outstanding," no bank notes were issued. Another possible explanation that the emergency currency was never issued was that it was unnecessary>-deliberately instigated a financial crisis so Congress and Executive branches come together in order to approve a new Bank charter, Believing that this would convince the public of the Bank's necessity..>Biddle believed that the Bank had the right to operate independently from Congress and the Executive, writing that "no officer of the Government, from the President downwards, has the least right, the least authority" to meddle "in the concerns of the Bank">Biddle's view, Jackson had violated the Bank's charter by removing the public deposits, meaning that the institution effectively ceased functioning as a central bank tasked with upholding the public interest and regulating the national economy.>The Hepburn Act, which gave the Interstate Commerce Commission (ICC) the power to set maximum railroad rates, became law in July 1906.[11] This depreciated the value of railroad securities. Between September 1906 and March 1907, the stock market slid, losing 7.7% of its capitalization.Between March 9 and 26, stocks fell a further 9.8%
>>60273926>January 1906 Dow Jones Industrial Average high of 103, the market began a modest correction that would continue throughout the year. The April 1906 earthquake that devastated San Francisco contributed to the market instability, prompting an even greater flood of money from New York to San Francisco to aid reconstruction. A further stress on the money supply occurred in late 1906, when the Bank of England raised its interest. From their peak in January, stock prices declined 18% by July 1906. By late September, stocks had recovered about half of their losses.>Around midnight, J. P. Morgan informed a leader of the trust company presidents that keeping Moore & Schley afloat would require $25 million, and he would not commit those funds unless the problems with the trust companies could also be resolved. The trust company executives understood they would not receive further help from Morgan; they would have to finance any bailout of the two struggling trust companies.At 3 a.m. about 120 bank and trust company officials assembled to hear a full report on the status of the failing trust companies. While the Trust Company of America was barely solvent, the Lincoln Trust Company was probably $1 million short of what it needed to cover depositor accounts. As discussion ensued, the bankers realized that Morgan had locked them in the library and pocketed the key to force a solution, the sort of strong-arm tactic he had been known to use in the past. Morgan then entered the talks and advised the trust companies that they must provide a loan of $25 million to save the weaker institutions. The trust presidents were still reluctant to act, but Morgan informed them that if they did not it would lead to a complete collapse of the banking system. Through his considerable influence, at about 4:45 a.m. he persuaded the unofficial leader of the trust companies to sign the agreement, and the remainder of the bankers followed.
>>60273942Timeline of panic in New York CityMonday, October 14 Otto Heinze begins purchasing to corner the stock of United Copper.Wednesday, October 16 Heinze's corner fails spectacularly. Heinze's brokerage house, Gross & Kleeberg is forced to close. This is the date traditionally cited as when the corner failed.Thursday, October 17 The Exchange suspends Otto Heinze and Company. The State Savings Bank of Butte, Montana, owned by Augustus Heinze announces it is insolvent. Augustus is forced to resign from Mercantile National Bank. Runs begin at Augustus' and his associate Charles W. Morse's banks.Sunday, October 20 The New York Clearing House forces Augustus and Morse to resign from all their banking interests.Monday, October 21 Charles T. Barney is forced to resign from the Knickerbocker Trust Company because of his ties to Morse and Heinze. The National Bank of Commerce says it will no longer serve as clearing house.Tuesday, October 22 A bank run forces the Knickerbocker to suspend operations.Wednesday, October 23 J.P. Morgan persuades other trust company presidents to provide liquidity to the Trust Company of America, staving off its collapse.Thursday, October 24 Treasury Secretary George Cortelyou agrees to deposit Federal money in New York banks. Morgan persuades bank presidents to provide $23 million to the New York Stock Exchange to prevent an early closure.
>>60273959Friday October 25 Crisis is again narrowly averted at the Exchange.Sunday, October 27 The City of New York tells Morgan associate George Perkins that if they cannot raise $20–30 million by November 1, the city will be insolvent.Tuesday, October 29 Morgan purchased $30 million in city bonds, discreetly averting bankruptcy for the city.Saturday, November 2 Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennessee Coal, Iron & Railroad Company (TC&I), a stock whose value is uncertain. A proposal is made for U.S. Steel to purchase TC&I.Sunday, November 3 A plan is finalized for U.S. Steel to take over TC&I.Monday, November 4 President Theodore Roosevelt approves U.S. Steel's takeover of TC&I, despite anticompetitive concerns.Tuesday, November 5 Markets are closed for Election Day (no federal elections were actually held this year).>On Monday, October 14, he began aggressively purchasing shares of United Copper, which rose in one day from $39 to $52 per share. On Tuesday (Oct. 15), he issued the call for short sellers to return the borrowed stock. The share price rose to nearly $60, but the short sellers were able to find plenty of United Copper shares from sources other than the Heinzes. Otto had misread the market, and the share price of United Copper began to collapse. The stock closed at $30 on Tuesday and fell to $10 by Wednesday (Oct. 16). As a result of United Copper's collapse, the State Savings Bank of Butte Montana (owned by F. Augustus Heinze) announced its insolvency. The Montana bank had held United Copper stock as collateral against some of its lending and had been a correspondent bank for the Mercantile National Bank in New York City, of which F. Augustus Heinze was then president.
>>60273970>The panic quickly spread to two other large trusts, Trust Company of America and Lincoln Trust Company. By Thursday, October 24, a chain of failures littered the street: Twelfth Ward Bank, Empire City Savings Bank, Hamilton Bank of New York, First National Bank of Brooklyn, International Trust Company of New York, Williamsburg Trust Company of Brooklyn, Borough Bank of Brooklyn, Jenkins Trust Company of Brooklyn and the Union Trust Company of ProvidenceWhen the chaos began to shake the confidence of New York's banks, the city's most famous banker was out of town. J. P. Morgan, the eponymous president of J.P. Morgan & Co., was attending a church convention in Richmond, Virginia. Morgan was not only the city's wealthiest and most well-connected banker, but he had experience with other similar financial crises—he had helped rescue the U.S. Treasury during the Panic of 1893.>The interrelated contraction, bank panic, and falling stock market resulted in significant economic disruption. Industrial production dropped further than after any previous bank run, and 1907 saw the second-highest volume of bankruptcies to that date. Production fell by 11% and imports by 26%, while unemployment rose to 8% from under 3%. Immigration dropped to 750,000 people in 1909, from 1.2 million two years earlier.[62]>The leaders of the high-flying trusts were mainly prominent members of New York's financial and social circles. One of the most respected was Charles T. Barney, whose late father-in-law William Collins Whitney was a famous financier. Barney's Knickerbocker Trust Company was the third-largest trust in New YorkBecause of past association with Charles W. Morse and F. Augustus Heinze, on Monday, October 21, the board of the Knickerbocker asked that Barney resign; That day, the National Bank of Commerce where J.P. Morgan was a dominant factor, announced it would not serve as clearing house for the Knickerbocker
>>60273981>bank runs occurred outside the US in 1907: in Egypt in April and May; in Japan in May and June; in Hamburg and Chile in early October.[11] The fall season was always a vulnerable time for the banking systemThe 1907 panic began with a stock manipulation scheme to corner the market in F. Augustus Heinze's United Copper Company. Heinze had made a fortune as a copper magnate in Butte, Montana. In 1906 he moved to New York City, where he formed a close relationship with notorious Wall Street banker Charles W. Morse. Morse had once successfully cornered New York City's ice market, and together with Heinze gained control of many banks—the pair served on the boards of at least six national banks, ten state banks, five trust companies and four insurance firms>The 1907 panic might have deepened if not for the intervention of financier J. P. Morgan,[4] who pledged large sums of his own money and convinced other New York bankers to do the same to shore up the banking system. That highlighted the limitations of the US Independent Treasury system, which managed the nation's money supply but was unable to inject sufficient liquidity back into the market. only to be replaced by a further crisis due to the heavy borrowing of a large brokerage firm using the stock of Tennessee Coal, Iron and Railroad Company (TC&I) as collateral. Collapse of TC&I's stock price was averted by an emergency takeover by Morgan's U.S. Steel Corporation, a move approved by the trust-busting President Theodore Roosevelt. The following year, Senator Nelson W. Aldrich, a leading Republican, established and chaired a commission to investigate the crisis and propose future solutions, which led to the creation of the Federal Reserve Systemhe April 1906 earthquake that devastated San Francisco contributed to the market instability, prompting an even greater flood of money from New York to San Francisco to aid reconstruction
>>60274001>Aldrich–Vreeland Act was a United States law passed in response to the Panic of 1907 which established the National Monetary Commission.the bill passed the House, mostly on a party-line vote of 166–140, with 13 Republicans voting against it and no Democrats voting for it. On May 30, it passed in the Senate with 43 Republicans for the act and five Republicans joining the 17 Democrats against it.President Roosevelt signed the bill that same night.[2]>Morgan, Perkins, Baker and Stillman, along with U.S. Steel's Gary and Henry Clay Frick, worked at the library to finalize the deal for U.S. Steel to buy TC&I and by Sunday night had a plan for acquisition>Frick and Gary traveled overnight by train to the White House to implore Roosevelt to set aside the application of the Sherman Antitrust Act and allow—before the market opened—a company that already held a 60% share of the steel market to make a large acquisition. Roosevelt's secretary refused to see them, but Frick and Gary convinced James Rudolph Garfield, the Secretary of the Interior, to bypass the secretary and arrange a meeting with the president. With less than an hour before the Stock Exchange opened, Roosevelt and Secretary of State Elihu Root began to review the proposed takeover and appreciate the crash likely to ensue if the merger was not approved. Roosevelt relented; he later recalled of the meeting, "It was necessary for me to decide on the instant before the Stock Exchange opened, for the situation in New York was such that any hour might be vital. I do not believe that anyone could justly criticize me for saying that I would not feel like objecting to the purchase under those circumstances".
>>60273502Scarcity mindset, all stacktards have it..kektop!
>>60274012>The Pujo Report singled out individual bankers including Paul Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William Rockefeller and Benjamin Strong, Jr. The report identified over $22 billion in resources and capitalization controlled through 341 directorships held in 112 corporations by members of the empire headed by J. P. Morgan the findings of the committee inspired public support for ratification of the Sixteenth Amendment in 1913 that authorized a federal income tax, passage of the Federal Reserve Act that same year, and passage of the Clayton Antitrust Act in 1914.>When House committee members, as dictated by Congress, arrived in Philadelphia to investigate the Bank, they were treated by the Bank's directors as distinguished guests. The directors soon stated, in writing, that the members must state in writing their purpose for examining the Bank's books before any would be turned over to them. If a violation of charter was alleged, the specific allegation must be stated. The committee members refused, and no books were shown to them. Next, they asked for specific books, but were told that it might take up to 10 months for these to be procured. Finally, they succeeded in getting subpoenas issued for specific books. The directors replied that they could not produce these books because they were not in the Bank's possession. Having failed in their attempt to investigate, the committee members returned to Washington.
>>60274026>attorney Samuel Untermyer had predetermined that no money trust would be found as part of the Investigation because “There is no agreement existing among these men that is in violation of the law”,[6] and despite the refusal of aid by the Comptroller of the Currency, the failure of the Senate to pass the bill to amend section 5241 of the Revised Statutes, and the lack of any authoritative decision by the courts sustaining the committee's right to access the books of the national banksThe report revealed that at least eighteen different major financial corporations were under the control of a cartel led by J. P. Morgan, George F. Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Banker's Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer's Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws.>the consolidation of banks and interlocking directorates (small groups of the same men serving as directors on several different boards) had led to increased wealth accumulation of 42.9% of America's total banking resources held by its twenty largest banks.[4] Furthermore, and surprisingly to the investigators, it was found that "180 individuals" covering "341 directorships in 112 corporations...[possessed] $22,245,000,000 in aggregate resources of capitalization.">The Federal Reserve Act of December 23, 1913 took effect in November 1914, when the 12 regional banks opened for business. Ultimately, the emergency currency issued under the Aldrich-Vreeland Law Act was entirely withdrawn.
>>60274037>A usage of the law occurred at the outbreak of World War I in 1914 when the first great financial panic of the 20th century befell the world, necessitating the closure of the New York Stock Exchange. Secretary of the Treasury William Gibbs McAdoo appeared in New York City and assured the public that ample stocks of emergency banknotes had been prepared in accordance with the Aldrich–Vreeland Act and were available for issue to the banks. As of October 23, 1914, $368,616,990 was outstanding.>1929 launched his Direct Pressure initiative. It required all member banks seeking Federal Reserve discount window assistance to affirm that they had never made speculative loans, especially of the stock-market variety. No self-respecting banker seeking to borrow emergency reserves from the Fed was willing to undergo such interrogation, especially given that a "hard-boiled" Federal Reserve was unlikely to grant such aid.>The "Direct Pressure" letter required any commercial bank seeking to avail itself of Fed lender-of-last-resort assistance to show, beyond a shadow of a doubt, that it had never even thought of making "speculative" loans, particularly of the stock-market variety.>Instead, the banks chose to fail (and the Federal Reserve let them), which they did in large numbers, almost 9000 of them. These failures led to the 1⁄3 contraction of the money stock, which, according to Friedman and Schwartz, caused the Great Depression. The result was a decade-long fall of real output and prices, which by the needs-of-trade logic of the real bills doctrine justified shrinkage of the money stock.
>>60274037>Few bankers wished to expose themselves to such withering interrogation. To avoid such questioning, bankers refrained from applying for Federal Reserve emergency liquidity aid even though they needed it. This was especially so in the panicky situation of the October 1929 crash when bank depositors were seeking to cash in their checking deposits and take the cash from the banks. Instead of borrowing the reserves needed to meet the cash drain from the Fed and exposing themselves to "Direct Pressure" questioning, those banks failed in huge numbers>Contemporary observers suggested Aldrich's proposal was aimed at J.P. Morgan & Co.[59] A later Glass–Steagall critic cited Aldrich's involvement as evidence the Rockefellers (who controlled Chase) had used Section 21 to keep J.P. Morgan & Co. (a deposit taking private partnership best known for underwriting securities) from competing with Chase in the commercial banking business.[60]>Carter Glass became dissatisfied with the 1933 Banking Act's separation of commercial and investment banking. In 1935 he sponsored a bill passed by the Senate that would have permitted national banks to underwrite corporate bonds.[112]>Federal Reserve supervision of all banks under a "unified banking system".[44] Glass stated "the curse of the banking system for this country is the dual system" under which states could charter banks that were supervised by state officials outside the Federal Reserve System.[45] Under the Federal Reserve Act, all national banks were required to be members of the Federal Reserve System, but state chartered banks could choose whether to join.[46] Glass and others concluded that this had led to a "competition in laxity" between regulators of member and non-member banks.
Streetshitter doxxed me for exposing the silver scam...lmao my company gave me a paid vacation to a luxury resort how will I ever recover?, had chicken wings for breakfast today. Yum! Picked up this collectable banknote ...it's a lifer! Kektop! Thank you street shitter.
>>60274052you know nobody gonna read all this shit, right?
appreciate the enthusiasm but we don't need you to copy/paste a novel here thx
>>60274098If your name is nobody then fine. Otherwise stop being a faggot and projecting your feelings onto strangers to feel validation in your choices.>Senator Glass used this commercial banking theory to criticize banks for their involvement in securities markets.Glass condemned banks for lending to stock market "speculators" and for underwriting "risky" or "utterly worthless" securities, particularly foreign securities, that were sold to unsophisticated bank depositors and small "correspondent banksopposing direct bank involvement in these activities and indirect involvement through "securities affiliates". Such affiliates were typically owned by the same shareholders as the bank, with the affiliate's shares held in a "voting trust" or other device that ensured bank management controlled the affiliate. Glass and Willis viewed such affiliates as artificial devices to evade limits on bank activities. Large banks such as National City Bank (predecessor to Citibank) and Chase National Bank typically used such securities affiliates to underwrite securities>National City Bank (predecessor to Citibank) had announced it would liquidate its security affiliate. The next day, Winthrop Aldrich, the newly named chairman and president of Chase National Bank, announced Chase would do the same and that Chase supported prohibiting banks from having securities affiliates.[56] Aldrich also called for prohibiting securities firms from taking deposits.[57] According to Aldrich and his biographer, Aldrich (a lawyer) drafted new language for Glass's bill that became Section 21 of the Glass–Steagall Act.[58]
>>60274136>appreciate the enthusiasm but we dont need youOh I am SO sorry; let me allow you all to go back otposting :hurr durr iqdelete" and "street shitting poos" or whatever non sequiter bullshit you continue to obsess over. By all means; continue your conversations of autistic screeching about shills. This thread had so much productive dialogue before I wanted to post the histroy of the United States Economy and how it relates to the changinf prices in precious metals
NeverMind, then. Have fun doing all the research yourself. Not like I wrote a whole academic thesis on it or anythings...
>>60274168i didn't realize they had 2 thalers that were smaller than 41/40mm. this must be pretty thick.
>>60274246when's the next series premiere?
>>602742604 mm
>>60274227Lmao ur Q posting, aka poisoning the well ur id is Q IQ retardium.... kektop! Seriously dude post something meaningful like Newmonts 10-Q MD&A. I'm sitting in a hundreds of years old olive grove listening to birds it's good to be rich how's y'alls day in the cage
>>60272933Check...>you bought his wife's album?Negative.
>>60274299thick thick>>60274307you really lucked out on that follow then fren
Pic related is a >zero iq Take on pmg written by a jidf poster named jesse aka iqdelet the jewish poojeet
131.6m oz of silver delivered from the comex YTD as of Friday.In 2024 the total delivery was 205.6m oz
Some of that silvers in my vault now.
>>60273524>Been playing around with pewter casting using a portable electric stove and kinetic sand. Yup I use a portable gas stove and 20lb propane tank, but the melting point is so low you can do it safely in the kitchen as long as the pewter isn't contaminated with stinky crap like the crud used to seal glass bottoms of pewter beer mugs. For sand I got 50lbs of red "Petrobond" casting sand, it's a lot like kinetic sand but more fine grained. I've made a wood frame casting flask but usually use and recommend buying a cast iron casting flask to use with the sand, pic related
>>60272945Yes, it has.They're infinitely cooler.
>>60273666>The Ascent of Money - Niall Ferguson>The Creature From Jekyll Island - G. Edward Griffin>Wealth of Nations - Adam SmithNothing yet, I ordered these 3 last night to begin with. I've watched the usual youtube videos and read the usual 4chan posts, but have only now decided to delve into the topic properly. I'm hoping to make a comprehensive series of youtube videos on the subject after 6 months or so of research.
I got rich from stocks and richer with bitcoin.
>>60273623Very interesting! Thank you, I will give it a proper read once I get off work!
>>60272108The silver on the futures market doesn’t exist yet. Silver on the ETF (((technically))) exists, but the number of people who have claims on silver is larger than the number of silver bars available.Neither of these accurately price silver, but if you can successfully physically redeem the silver then you can get a huge discount if you’re willing to risk it.
>>60274436Massive cope for falling for the silver scam >Waaaaaaaaaaaaaah it's not my fault waaaaaaaaaaaaaaaaaaaaaahLmao this loser claims there's massive profits lying there waiting to be claimed and he's not picking them up cuz....you know...just cuz. Lmao at broketards
>>60274086That's worth less than an once of silver
>48.43g
>>60274086sure thing IQdelete sure thing
>>60274086YOU DOXXED YOURSELF A PATHETIC TROON
>>60274504PFFFFFTTTTTTTTT IQ DELETE CAN'T EVEN AFFORD AN OZ OF SILVER. AND HAS TO EAT THE SCRAPS OF TOURISTS
>>60274086dude this food looks like shitive actually been to nice restaurants and know what good food looks like
so the PMG threads from here to /pol/ are spammed by the same curry brigade imagine being an currynigger fate worse then death
>>60274086THIS IS A TABLE AT A SHITTY ALL INCLUSIVE RESORT. YOU JUST DOXXED YOURSELF, AGAIN! NOW WE ALL KNOW YOU ARE JUST A JANNY AT SOME BOOMER SPOT; WHO EATS THE SCRAPS OF OTHERS
>>60274559He has never shown any significant amount of cash. One time he showed like $3k of Argentine peso, but that's like $3 USD
>>60274349Uhhh it say no IQ meaning it's not the rich Swiss guy who wants y'all to be rich he's not a low IQ racist spamming Nazi shit that's you Jesse aka a Ashtray BobAnyway times up......Hmmmmmmmmmm
>>60274628nice brass aluminum coin you fucking retard lmao
>>60274394>Alexander Del Mar,>History of Monetary Systems >History of Money in AmericaHe’s a pure monetary historian, one of the most in depth, his works go back to Rome and cover up to 1899. These are the two I’ve read, there are many more.>Stephen Zarlenga, the Lost science of money He references Del Mar frequently, the both of them are of the mind that money is fundamentally a creature of law and argue against commodity money in favour of fiat. Some may disagree, I do, but Their presentation of historical fact is quite complete.> A Monetary History of China, Volumes One and Two (Zhongguo Huobi Shi)This one is massive and dense I’ve only made it half way through, a huge portion of it is focused on examining numismatics and cross referenceing it with written records to try and decifer monetary changes. Chinas monetary history I think is particularly important to study as they developed a money system almost completely isolated of the western world.> https://myrmikan.com/port/This research is written by a guy named Daniel Oliver, he has a vast knowledge of monetary history. See links in the “essential reading” list for the source material.>Fiat Money Inflation in FranceVery short book, will take you no more than a few hours to finish. Details France’s hyperinflation in the 1790s with a focus on how it impacted the cohesion society and the behavior of the people.
>>60274628>brass played steel>only one dollar
>>60274628kek. this you?
>muh brass plated steel Urgay pesoshttps://en.numista.com/catalogue/pieces19104.html
this guy is just a fucking lol cow who discredits himself lmao
>>60274656Very cool, thanks! Funnily enough, I literally just came across a book by Del Mar on ebay moments before reading your post. Maybe he'll be next in my queue.
>>60274394>>60274656Any proper understanding of this topic will take you much longer than 6 months anon. The shear amount of noise surrounding the history of money and its function is unbelievable. The most important universal truths in the world warrant the biggest and most complex lies.
>>60270302You are right. >Summer Solstice: June 20, June 21, or June 22 (Northern Hemisphere)>Federal Reserve 2025 FOMC Meeting: June 17-18th (Meeting associated with a Summary of Economic Projections)I know astronomical events are significant to them. They are like Satanic holidays. Their proclamations are considered prayers or rituals or something. Billionaires pay attention to this stuff, so should be.
>>60274719i literally have a pamphlet made that goes over the histroy and the most important historical events that swayed precious metals influence via monetary and policy making. I got up to 1906 before i was booed off stage
>>60274719Complex lies, simple truths
>>60274168two sold already
>>60274737> got up to 1906 before i was booed off stageWhat do you mean? Post your works here anon, we may not be the target audience but this is the only place you’ll find a willing audience.
>>60274719Yes, I'm sure 6 months is ambitious, I was going to say a year at first. We'll see how far I can go in that time, but I'm pretty good at absorbing information, filtering out the bullshit, asking the right questions, and synthesizing what I learn into a cohesive output. I just noticed that there was a serious derth of information on this topic in an easy to digest form, so my hope is that I can rectify that and help educate the interested members of the populous. If it's not perfect, so be it. I can always do it over if I miss info the first time through.
>>60274766click my id and scroll up
There jealous of my gold and my gains
>there
>There jealous of my gold and my gains
>>60274772Do you have a complete doc that can be downloaded for offline reading?
>>60274659Lmao wait, are you telling me countries use base metals for their coinage? Lmao I thought you streetshitting silverscamming swindlers claimed precious metals were money...lmao nice self own deepak
>>60274803sort of; it is linked to canva and that would doxx me immediately. I just need to finish the editing on the pamphlets and print them already. There is so little time in the day though.
Using base metals for coinage is the sign of a collapsing empire near its end
>>60274817Understandable, I hope you find the time. We need people like you willing to dig into the abyss and distill the essence.
>>60274807>I was just pretending to be broke
>>60274771Good luck anon, I don’t know anything about YouTubing but if you can put the history of money and it’s lessons into that form it would be a great service.
>>60274845Oh no the,,,,,,checks notes....the UrAGay empire is collapsing... lmao at stacktards
>>60274925I know nothing about it as well, so we'll see how it goes, but thank you brother.
>>60274972Can you post more than $100 USD worth of currency in a picture?
>>60274985Yes
>>60274985
>>60275009Cope
>>60275018Can you post it?
https://youtu.be/RE25G0x4sxU
>>60274845I’m tempted to make one for the us.
>>60275042HAHAHA
>>60275056I can..Lmao are you ESL jeet
>>60275129POST IT FAGGOT
>>60275139Why? Lmao tell me why
>>60275173You've only ever shown $30 USD max
>>60273812>Hamilton admitted that many certificates had been acquired by wealthy individuals but viewed the resulting "few great fortunes" as a minor issue and a "necessary evil" in the transition to establishing sound credit.I believe this is how the great Lord Timothy Dexter acquired his wealth, if I'm not mistaken.
>>60275192Why does that matter to you I showed you my gains
>>60275230Those aren't gains. You're so pathetic.
>>60275230Your bird app isn't your portfolio.Also 148% gain doesn't mean you're rich if you started with a small amount.
>>60275225vice versa. He bought when the elites were dumping on him after greenbaccks became worthless. But then the government last second said we will redeem at like 80% value; skyrocketing the papers to almost near value.
reminder that he's just here to fill up /pmg/ with nonsenseso stop responding to him, if you can resist
>>60275290Hahaha based beyond belief
>>60275298It's too fun dunking on IQDalit
>>60275274I'm sitting in the shade of a 400 year old olive tree listening to my bird frens. I'm rich. Where are you in a basement? A wage cage?
>>60275341That's not proof you own that. I can screenshot any random chart too.Look, I'm up 280,000%
>>60275418You are in a basement aren't you? Lmao
>>60271992BOOBA
>>60275436You are in a McDonald's
Browsing this general sometimes makes me want to act recklessly, it would be so nice to cash out and increase the stack today. I know I must be patient.
>>60275466Mental illness
>>60275502POST IT FAGGOT
>>60275443I can get a double big Mac with bacon meal for $6 it's tempting
>I can get a double big Mac with bacon meal for $6 it's temptingprove it stackpreet
>>60275543Do it and post proof
>>60275543Pics or it didn't happen.
>>60275581you can see the cat knows that they didn't have a full troy ounce placed on their body
>>60275502Not at all. Metals are comparable to emergency food supplies. Then you have investments and standards notes for if things continue pretty smoothly in life. Keeping a healthy, optimistic balance. Especially after less than 1K turned into 30K recently, but I believe it can reach higher.
>>60275466IkrI'd like another ounce and a half of gold, and maybe 50 of silverTechnically I have the monies nowBut I also need to pay down my mortgage and have an emergency fund So I won't yet
>>60275543Post a pic of your big mac with your brass plated steel coin. If you do so I'll buy some bitcoin
>>60275632She get's feisty otherwise
>>60273005ayyyyyyy
>>60275543Post the big mac already
>>60274387I just put the sand in cans I cut in half or plastic containers. Not the best but haven't had any issues so far. You think a portable propane stove gets hot enough for silver or other metals? It would be nice to be able to cast scavenged aluminum as well but it seems like I'd need to build a forge. Gonna look into petrobond too. Kinetic sand is decent and takes detail rather well but does leave a grainy texture.
>>60275543Post the mac
>>60275543Lucky you, i went to Mcsneedolan today and i immediately noped out when i saw the double cheeseburger was 5.50€. It's just unreal how expensive it got, this minuscule burger used to be 1.85 back when i was a student.
>>60275892
Possible $300ish pullback in gold in the next few weeks to few monthshttps://www.youtube.com/watch?v=Qu1Ctc4K-qU
>>60275543It's been almost an hour. I need to see your big mac to satiate my hinger til I get off work
>>60275952Thank god
>>60275955
>>60275955I just got the regular bigmac with;bacon meal for $4.25 I can't post a picture because >>60275678 said they would buy Bitcoin if I did>>60275892When I was a kid for less than $1 you could get cheeseburger fries and a shake
>>60276058Ok boomer
>>60276058> I can't post a picture because >>60275678 (You) # said they would buy Bitcoin if I didWhy does that matter? You tell us to buy bitcoin everydayI feel like you might be lying and didn't buy a big mac
>>60276058>I I I can't post the pictureAhahaha hahaha the absolute state of shills. It's almost like they are liars!
jeet needs more (you)’s to afford a goyslop dalit burger…>truly, a sad life…
>>60268407Frens does anyone know is there website or service where I can look for abandoned mine sites and buy them (preferably gold)?
>>60276313i don't know any sites, but i've gotten this video on youtube several timeshttps://www.youtube.com/watch?v=2UMTa7_MYn0
why must we suffer Pajeets and Jews?
>>60269333checked.
new thread>>60276681>>60276681>>60276681>>60276681
>>60274334>you really lucked out on that follow then frenYears ago, and he's not the only one with (((clout))) that does, but not that it makes any difference in restoration of the constitutional fabric of initial intention of America, many of those who pay attention to my schizo rambling do so to gain influence, power and wealth that inevitably is fading and vain in vice, without honorable intent or compassion for others. Pete, at least, isn't a coward, I give him credit there. I only came upon that screenshot looking for older silver pic's honestly. I always feel alone in the desire to just have a fair and free medium of settling debts and not trying to get overv on anyone. Life here is too short to constantly live in competition instead of compassion.
